Update on Concordia's Budget
A message from Concordia President Graham Carr regarding the university's budget:
The Board of Governors approved the university's audited financial statements for Fiscal Year 2024-25 on October 30.
According to the FY2024-25 financial statements, Concordia has met its deficit target for the third consecutive year, thanks to community sacrifices, prudent fiscal management, and process innovations.
- The university's investment portfolios generated robust returns due to favourable market conditions.
- Revenues from ancillary services also increased.
Our plans for addressing Concordia's ongoing budgetary challenges are on track.
Author's summary: Concordia meets deficit target for third year.
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