SERFS initiative will help secure Algonquin College’s future sustainability
Posted on Wednesday, February 17th, 2021
Algonquin College is launching its Strategic Exercise to Restore Financial Stability (SERFS) project to secure its long-term sustainability.
The Strategic Exercise to Restore Financial Sustainability (SERFS) project is underway to develop a strategy to put the College back on a sound long-term path to financial health. “Ensuring long-term future sustainability for the College is critical to the success of our mission and strategic goals,” says President Claude Brulé. “The SERFS project will serve to establish a financial sustainability roadmap that will guide our decision-making and support the future development of strategic plans, business plans and College initiatives.”
Engagement and consultation with learners, employees and other stakeholders will be key to this process as we identify how we can increase value for our learners while improving our long-term fiscal stability and counter the negative impact of the COVID-19 pandemic on the College’s finances.
On Feb. 18, 2021 from 3 to 4 p.m., the Working Group will host a virtual information sharing session and invite you to join the conversation. You will hear more about the SERFS project, the work that’s underway, and have the opportunity to ask questions. You can register for this session at this link.
Most importantly, we want to hear from you! What does financial sustainability mean to you? Please take a couple of minutes to fill out a brief survey to us your ideas for bringing Algonquin College to a robust financial position in the future.
Duane McNair, Vice President, Finance and Administration, explores how the College will work to ensure future financial sustainability in a video here.
“The success of this project will be driven by input from the entire community,” Brulé says. “Through collaboration, we can navigate Algonquin’s challenges together and ensure the College’s sustainability for many years to come.”
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