Comprehensive Standards
Financial and Physical Resources
| Comprehensive Standard #1: The institution's financial history demonstrates financial stability. |
Offsite Committee Concern: Do not have audit.
The Commonwealth of Virginia funds CVCC as part of a State supported
system. General and Non-General Funds provided by the General Assembly
are allocated to CVCC using a FTES driven formula. The Central Virginia
Community College portion of the Virginia Community College System
Budget Allocation model for the past 3 years demonstrates the continuous
commitment and support of both the Commonwealth and the Virginia
Community College System. The
2003 independent audit
and the financial
Statement of Net Assets;
Statement of Cash Flows;
Statement of Revenues, Expenses, and Changes in Net Assets;
Budget allocations for 1999-2000;
2000-2001;
and 2001-2002
are available in support of the college's financial stability.
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| Comprehensive Standard #7: The institution operates and maintains physical facilities, both
on and off campus, that are adequate to serve the needs of the institution's educational
programs, support services, and mission-related activities. |
Offsite Committee Concern: Want onsite review of adequate physical facilities.
Focused Response:
CVCC building maps and photographs
indicate that the college has adequate on- and off-campus physical facilities.
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