The latest FEFC figures show that the number of colleges with an operating deficit had increased to 5 compared with 204 in 1994 and 263 in 1995. Eighty colleges had accumulated deficits at July 1996 compared with 70 in July 1995 and 55 in July 1994. The proportion of colleges in robust financial health had fallen to 46 per cent in 1996 compared with 57 per cent in 1995 and 70 per cent in 1994.