Indeed, the campus has been functioning virtually since the middle of March of last year, when COVID fully arrived. At that point, Laurentian was actually the first university to transition from face-to-face to virtual programming. We did it virtually overnight. All students completed their term. We ran a spring term.
Enrolments have not been significantly impacted by COVID per se, but students are not on campus. We are actually looking forward to a return to campus this September, but for the past year, students have been working virtually. They have been advancing in their studies and the programming continues to be offered.
A significant portion of revenue at the university happens through activities that occur on campus. The loss of so-called ancillary revenue and residences that are not being used and so on do provide financial challenges to the university. Also, a number of additional expenses were incurred because some activity needs to continue on campus, such as research, so there were increased safety protocols and cleaning and all the rest of it.
COVID has had an impact, but it was not the only impact on Laurentian. There were a number of issues that Laurentian has faced over the past decade that ultimately led us to where we were at the end of January.