Self-generated Revenue

Northern Lakes College recognizes the importance of institutional self-generated revenue. Categories for such revenue include Auxiliary/Ancillary Services, Academic Enterprises, and Commercial Enterprises. Though location and geography limit the number of self-generated revenue opportunities, Northern Lakes College will continue to seek to generate revenue as identified below.

AUXILIARY/ANCILLARY SERVICES

Student residences are the primary revenue generation opportunity in this category. Northern Lakes College operates student residences in two (2) of its 24 locations, Grouard and Slave Lake. With the vast majority of campuses located in communities with small populations, the operation of student residences is not financially feasible. In spite of limitations, in 2020 the College was able to generate residence revenue of gross $368,000 for a $15,000 loss, net of expenses. Other avenues of revenue in this category that might be possible for urban institutions such as parking, cafeterias, catering services, and bookstores, are not possible in our region. Only a small number of campuses have the foot traffic to support a cafeteria, and even those have proven to not be profitable.

ACADEMIC ENTERPRISES

Northern Lakes College operates a very active Continuing Education and Corporate Training department, with programming ranging from one-day safety training to longer certificates. In fiscal 2019-2020, the department experienced gross revenue of $1.7 million, realizing a net profit of $89,067. The effect of COVID-19 on the revenue generation of the department is substantial, and a significant reduction in revenue is expected for fiscal 20202021.

COMMERCIAL ENTERPRISES

Due to Northern Lakes College’s rural and remote region, commercial enterprise activity is not a viable stream of revenue generation.