21 January 2000
Scottish college has 2.2m deficit
by FWi staff
THE Scottish Agriculture College (SAC) has been forced to appeal to the Scottish Executive for help in dealing with its deficit.
SAC accounts show a shortfall of 2.2m for the last full year, and it is forecast this year to be in the red to the tune of 500,000.
Chairman Maitland Mackie said the college was feeling the pain common across the rest of the farming sector.
“A crisis is too strong a word, but we are basically in the same business as farmers and our budgets are under similar pressure,” he told The Herald.
The college told the Executive in a letter that auditors so concerned were they about the viability of the company they had once refused to approve the accounts
One sign of the colleges straitened circumstances is the annual pay round which has seen staff offered a pay rise of just 1%.
- SAC takes on more of Signet, FWi, 27 September 1999
- SAC looks east for funds, FWi, 14 September 1998
- The Herald 21/01/2000 page 27