MCC in stable financial shape for its next leader
The search for a president for Mohave Community College is nearing the finish line.
At a board meeting last week at the Lake Havasu City campus, MCC’s governing board went into executive session to discuss the final four applicants for the post. Initially, there were 51 applicants for the job.
The four finalists will be at MCC’s Havasu campus April 24-25 for on-site interviews and opportunities to meet employees.
Governing board President Julie Bare reported that the presidential search was following the established timeline. A final decision is expected late this month or early May.
In other business at the two and a half-hour meeting, MCC’s Chief Financial Officer Sonni Marbury said the college district received a clean audit for the year ended June 30, 2018. Auditors did not report any weaknesses in the district’s internal controls or instances of noncompliance over financial reporting or major federal programs.
The certified public accounting firm Snyder & Butler, CPAs, PLLC conducted the audits.
The district spent almost $10.3 million of federal program monies during the fiscal year. District auditors tested one federal program selected under the major program guidelines established by the Single Audit Act, consisting of the Student Financial Assistance Program Cluster, which totaled $9.7 million in federal expenditures.
Revenues and expenses for fiscal year 2018 were as
Total revenues: $38.3 million
$23.4 million property taxes
$6.9 million government grants
$5 million Tuition and fees, net of financial assistance
$2.2 million state assistance
Total expenses: $30.6 million
$11 million instruction
$5 million institutional support
$4.1 million scholarships
$3 million student services
In fiscal year 2018, the District provided post-secondary education to over 5,800 students at four campuses throughout Mohave County.