Page 79 - 2019-20 CAFR

Rogue Community College

Notes to Basic Financial Statements
Year ended June 30, 2020

11. Subsequent Events

Pandemic

In March 2020, the United States and global markets experienced significant declines in value
the world‐wide coronavirus pandemic. Management continues
resulting from uncertainty caused by

to monitor their operations, enrollment numbers and state and local funding sources and is actively
working to minimize the impact of these declines. The full impact on the College’s financial statements

as a result of the world‐wide coronavirus pandemic cannot be reasonably determined as of the date

the financial statements were available to be issued.

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