Iowa Lakes Community College received a clean audit, according to a report the board of trustees received Tuesday.
Ebony Rahe of Williams & Company issued an unqualified or clean audit opinion, noting that despite declining enrollment and credit hours the college had increased net assets by $1.1 million.
Trustee Bob Jennings observed that enrollment losses were due to an improving economy.
The board approved the audit report and personnel and concent agenda. Also approved was second reading of the college child abuse reporting policy which makes reporting mandatory for incidents involving persons under 18.
Theresa Zeigler, director of distance and global education, reported on eLearning. Zeigler noted a marked improvement in students who had completed online courses since 2005.
This spring the college will incorporate e-books which will represent a significant savings for students, Zeigler said.
In other business, Clark Marshall, executive director of continuing education and economic development, requested and received approval for a 260E preliminary training agreement with Simonsen Iron Worls of Spencer.
The board also approved Palo Alto County Gaming Grant applications, with projects to be completed within 12 months, according to Tom Brotherton, Emmetsburg campus executive dean, who made the request.
Delaine Hiney, executive director of facilities management, told the board that the college will continue to review safety plans in light of the Newtown, Ct. tragedy last week.
In the Iowa Lakes update, Jane Campbell, executive director of marketing, reviewed the First Lego League held at the Estherville campus last Saturday. Campbell said that on the Estherville campus the Smith Wellness Center turkey trot had 167 runners and walkers.
The board approved a request by Jolene Rogers, executive director of institutional advancement, for a lease agreement with Spencer International for a 12-row planter for ag students.
The board agreed to waive board policy to allow the college to co-sponsor with the Estherville Area Chamber of Commerce a Rumbles concert June 29 at the Estherville campus. Water, pop and beer sill be sold at the concert.
Jan Lund, board president, noted that the board has waived the policy previously for other events.