News - 01/23/2014

1/23/14 Audit Report

MiraCosta College Continues Its String of Strong Financial Audits

MiraCosta College has received an excellent report from auditors in its Annual Financial Report for the year ending June 30, 2013.

The audit finds that the district is in compliance with state laws and regulations, its own policies and procedures, and federal grant requirements, which is a testament to the Board of Trustees’ careful financial management, as well as the district’s commitment to sound financial oversight. 

“College constituencies worked tirelessly to produce another sound budget while serving students and maintaining a healthy ending-balance reserve,” said MiraCosta College Vice President of Business and Administrative Services Charlie Ng. “We are ever-mindful of the support we receive from taxpayers and are careful we use funding careful.”

“Despite the financial challenges of the last couple of years, MiraCosta College is still meeting all of its financial obligations,” said MiraCosta College Superintendent/President Francisco Rodriguez. “Thanks to the Board of Trustees and to our faculty and staff’s commitment to student success, we have been able to channel our resources to where they are needed most.” 

“MiraCosta is in an excellent place right now; we have a balanced budget, have invested in new science buildings to meet the burgeoning demand for classes in the sciences, and are intently focused on student success,” said David Broad, president of the college’s Board of Trustees. “And we are ever-mindful of the support we receive from taxpayers and use funding carefully.”

The audit was conducted by the accounting firm of Christy White Associates of San Diego.

For additional information, contact Vice President of Business and Administrative Services Charlie Ng at 760.795.6830.

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