CMC gets good marks after audit |

CMC gets good marks after audit

GLENWOOD SPRINGS — The administration of Colorado Mountain College got good grades from its auditing company last week, for how it handled its finances in the 2012-2013 school year.

In a summary presented to the district’s board of trustees on Dec. 11, a Denver-based auditing company found the school to be in good shape with “about a $40 million pot in working capital.”

The only troubles mentioned by the audit, according to Robert MaCoy Jr., of the BKD accounting firm, were some late reporting of national student loan and enrollment figures, similar to some issues in the 2011-2012 auditing report.

“Are you perfect? No. But in my opinion you have made great strides in this area,” MaCoy concluded, adding that there were no significant negative findings turned up by the audit.

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