2022-2023 President's Annual Report

Fංඌർൺඅ Oඏൾඋඏංൾඐ

The fiscal posture of the College was quite good and showed a relatively strong financial position; the administration continued to operate in the “black” as determined by audited financial statements. Additionally, the fiscal management and internal controls were sound and facilitating to the needs and operations of the institution. A show of financial strength was demonstrated from a review of the four primary core ratios and the Composite Financial Index (CFI). Following is an abridged report of the results based on “Target Goals” versus the institution’s performance. The ratio targets were derived from the Strategic Financial Analysis for Higher Education 6th & 7th Editions (including the 2016 Update).

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