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, 2012, received by the college’s Board of Trustees at its January 22 meeting.

The A+ audit, which came with no qualifications, 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 Trustee’s prudent financial management of the district, as well as the college’s commitment to sound financial oversight. 

“Excellent work by all of the college constituencies went into producing another fiscally sound budget while sustaining access, serving record numbers of students and maintaining a healthy ending balance reserve,” said MiraCosta College Vice President of Business and Administrative Services Jim Austin.

“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.” 

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

For additional information, contact Vice President of Business and Administrative Services Jim Austin at 760.795.6830.