At its Dec. 12 meeting in Dillon, the Colorado Mountain College Board of Trustees unanimously certified the mill levy at 3.997 (which has been unchanged for more than 40 years), certified election results and accepted the 2017-18 financial audit.
The election results that were certified were for ballot initiative 7D, which passed at 72 to 28 percent across the six-county college district.
Trustees approved a clean audit of the college’s 2017-18 fiscal year financial records, presented to the board by auditors CliftonLarsonAllen LLC. “The fact that our auditors found no significant deficiencies or material weaknesses shows that the college’s financial processes and staff operate at the highest levels of professional accountability,” said Patty Theobald, CMC board president.
“And because we budgeted and spent conservatively, we have even been able to set aside reserves for capital, our new strategic plan, information technology and other major projects,” said Theobald. Trustees voted unanimously to approve the appropriation and spending of $56 million in fiscal year-end reserves to be divided among the facilities fund, general fund and capital equipment fund.
During the meeting trustees also unanimously:
- Accepted fourth-quarter 2017-18 financials
- Accepted spring sabbatical reports
- Approved a three-year lease with the Leadville Workforce Center
- Approved amendments to the charter of the legislative & government committee
- Approved resolutions expressing support for COSI and Federal Mineral Lease District grants
- Authorized utility easements for the Spring Valley campus