Page 19 - 2019-20 CAFR

these specialized organizations has its distinct definitions of eligibility, criteria for accreditation, and operating

procedures. Educational programs accredited by specialized accrediting agencies may reside within

comprehensive institutions or within single-purpose institutions. Please visit www.roguecc.edu/accreditation

for more details.

The College is also approved as a veterans training institution by the U.S. Department of Veterans Affairs.

Independent Audits

The provisions of Oregon Revised Statutes, Section 297.405 to 297.555 require an independent audit of the fiscal

affairs of the College. The firm of Eide Bailly, LLP has completed their examination of the College’s basic financial
statements, and accordingly, has included their Independent Auditor’s Report in the Financial Section of this

CAFR.

The Single Audit Act and OMB Uniform Guidance require state and local governments which receive directly, or

indirectly, certain amounts in federal assistance to have an audit conducted for that year. As of the date of this

letter, the guidance for auditing new COVID-19 related programs have not been released. The College intends

to issue a separate single audit report prior to March 2021.

Awards

The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of

Achievement for Excellence in Financial Reporting to the College for its CAFR for the fiscal year ended June 30,

2019. This was the eighteenth year, seventeenth consecutive, that the College has achieved this prestigious

award. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and

efficiently organized CAFR. This report must satisfy both GAAP and applicable legal requirements.

A Certificate of Achievement is valid for a period of one year only. We believe our current CAFR continues to

meet the Certificate of Achievement Program requirements and, therefore, will be submitted to the GFOA to
determine its eligibility for certificate.

Acknowledgments

We wish to express our appreciation to the entire Budget and Financial Services department, Financial Aid

department and Information Technology department for their efforts and contributions to this CAFR. We further

extend our thanks to the staff of Eide Bailly, LLP for their extra efforts during this audit. We would also like to

thank the members of the Board, faculty and staff for their continued support and dedication to the financial
operations of the College.

Sincerely,

Cathy Kemper-Pelle, Ed.D. Lisa Stanton, CPA
President Chief Financial Officer
8