Collado said that the college started the 2019–20 academic year with a $5.5 million operating margin, including a $4.7 million contingency, which is used for unexpected expenses. She said this is compared to a $4.1 million operating margin last year. “These numbers do not tell us everything’s fine,” Collado said. “What they tell us, actually, is right now, at this point in history, we’re holding our own while balancing the sense of urgency that the higher-education landscape, which we hear about on a regular basis, is constantly redefining.”
https://theithacan.org/news/collado-addresses-finances-at-all-college-gathering/
