The Alvin Community College Board of Regents received audit results during their meeting on January 26 that showed the college to be in good standing concerning its finances.
“This is the highest level of assurance we can provide as your independent auditor that the financial statements are materially correct,” said auditor Stephanie Harris with the firm Belt, Harris and Pechacek.
The college has $43.4 million in total assets and $6 million in liabilities. The net asset balance for ACC is $20.3 million. The totals are as of August 31, 2011. ACC had a $474,000 decrease in asset value but that is less than the $600,000 decrease from the 2010 fiscal year.
The college’s accounting practices are excellent and provide an accurate snapshot of the school’s finances, Harris said.
“We are issuing a clean, unqualified opinion on the college’s financial statements,” she said
During the January 26 meeting, board members also approved a new certification program for the Health Science Department. Starting in summer, ACC will offer an Intraoperative Monitoring Program.
Those who are certified of the procedure will help monitor patient nervous systems during spinal surgeries and cranial surgeries, said Stacy Pedigo, Instructor of Electroneurodiagnostics Technology. The program is an extension of the Electroneurodiagnostic field. No other local college’s offer the program, Ebert said.
“It’s a well-known field for those in the END field,” she said.
The Intraoperative Monitoring Program will provide further education for those wanting to boost their credentials, Dr. John Bethscheider, ACC Dean of Instruction/Provost.
“A lot of people want to upgrade their skills,” he said. “This will be an opportunity to do it.”
Board members also voted to table a proposed tax abatement application for an industrial project on Chocolate Bayou. Board members said they wanted more time to review the application before considering it for approval.
The regents also:
-Approved new computer technology certificate program for the Texas Department of Criminal Justice
-Reviewed its monthly financial report
-Approved the sale of properties held in trust