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|CSC Earns Financial Recognition
|Carl Sandburg College's president says it's received an important honor not long before it will once gain have to go through the re-accreditation process.
Tom Schmidt told the C-S-C Board of Trustees this week he just received a letter from the Chicago-based Higher Learning Commission indicating that its Financial Panel looked into the college financial situation through a number of means, meaning, there will be no further investigation of them necessary, and that their findings will be used as part of the Nortn Central Association Accreditation process later this year.
Schmidt, reading from the letter, says a nearly two-year-old plan to improve the college's financial structure was apparently what did it.
"They accept the report on finances," Schmidt said. "The panel concludes that the institution has substantially met its commitment and its report on finances, the financial recovery plan, the ratios that we've demonstrated to them by virtue of our audited information and other issues are addressed at a satisfactory level and do not require interim monitoring."
Schmidt says that's in stark contrast to the re-accreditation process undergone in 1990 and 2000, during which saw what he called focused visits dealing with finance. He says the turnaround is a credit to Chief Financial Officer Lisa Blake and her staff.
The C-S-C Board this week approved an update to a state-required plan regarding reduction of the college's waste that goes to landfills, in an effort to help the environment.
Members also voted to support the City of Monmouth's efforts to get an enterprise zone expanded that could possibly result in a $9-million expansion of affordable housing near the Farmland Foods plant.
|03 26 10 by Newsroom
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