Oceanside CA— MiraCosta College will begin the spring 2017 semester Monday having just received an excellent audit with no findings or recommendations from its Annual Financial Report for the year ending June 30, 2016.
“MiraCosta is in great shape; we have a balanced budget, have plans to expand and remodel, and are always focused on students attaining their goals,” said David Broad, president of the college’s Board of Trustees. “We are grateful for the support we received from taxpayers by the approval of Measure MM and we will use the funding prudently.”
The audit, conducted by the accounting firm of Vavrinek, Trine, Day & Co. LLP, finds that MiraCosta Community College is in compliance with all state laws and regulations, its own policies and procedures, and federal grant requirements, which is due to careful financial management and a commitment to sound financial oversight.
“College staff work diligently to make sure our financial statements accurately represent the district’s fiscal reality,” said MiraCosta College Vice President of Business and Administrative Services Charlie Ng. “We strive to serve students well while using funds judiciously and complying with all state and federal requirements.”