Strategic Exercise to Restore Financial Sustainability (SERFS)
Ensuring long-term future sustainability for the College is critical to the success of our mission and strategic goals,” said President Claude Brulé.
The Strategic Exercise to Restore Financial Sustainability (SERFS) project will be undertaken in the coming months to develop a strategy to put the College back on a sound long-term financial path.
“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,” Brulé added. “The success of this project will be driven by input from the entire community. Through collaboration, we can navigate Algonquin’s challenges together and ensure the College’s sustainability for many years to come.”
Engagement and consultation with employees, learners 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.
Over the next several months the College will be researching best practices at other institutions, consulting with Algonquin leadership on incorporating financial sustainability within our planning processes, and reaching out across the College community for your support in designing our path forward.