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MiraCosta College Continues Its String of Strong Financial Audits

Oceanside CA— Just as MiraCosta College is experiencing record enrollment with more than 15,000 students enrolled in credit classes, the college received an excellent report from auditors in its Annual Financial Report for the year ending June 30, 2015.

“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 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 work tirelessly to ensure our financial statements fairly represent the district’s financial position and that we comply with federal and state requirements, while serving students,” said MiraCosta College Vice President of Business and Administrative Services Charlie Ng.

The audit was conducted by the accounting firm of Vavrinek, Trine, Day & Co., LLP.