The Board aims to strengthen LCPSs financial position by achieving a target surplus equivalent to 3% of the college's annual turnover in order to accumulate reserves to ensure long-term viability. This will be achieved by:
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Offering attractive and well-taught courses within a competitive fee structure.
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Strengthening marketing and recruitment operations and activities.
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Implementing effective costing and pricing strategy by ensuring that the financial viability of all courses is properly assessed and monitored.
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Continuously monitoring the budget.
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Developing and implementing a fundraising strategy.
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Maximising the use of college premises.
