2025 Annual Report
The College’s Financial Sustainability Principles are in place to mitigate financial risks.
Financial Sustainability Principles Model
The College’s Financial Sustainability Principles are:
- Registration fees should consistently cover operating expenses.
- Occasionally there are unplanned unusual circumstances that increase expenses beyond expected operating costs.
- Separate funds should be raised for capital and strategic projects.
In 2025, the College reported revenue more than expenses of $1,149,801. As we also saw in 2025, record numbers of applications and new registrants were the most significant factors contributing to the surplus. The increased volumes of applications and registrants combined with prudent management of expenses resulted in the College’s unrestricted surplus on December 31, 2025, increasing to $5,438,452 or approximately 9 months of expenditures
2025 Expense Distribution
This pie chart shows the types of operating expenses that are required for us to deliver services. As you can see, our activities are knowledge and service based which means the majority of our expenses are related to staffing.
This pie chart shows the types of operating expenses that are required for us to deliver services. As you can see, our activities are knowledge and service based which means the majority of our expenses are related to staffing.
This pie chart shows the various activities we do at the College and the relative amount of resources used in each activity.
