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Bangor, Maine<br />
December 7, 2018<br />
INTRODUCTION<br />
The following Management's Discussion and Analysis (MD&A) includes the strategic vision and<br />
economic outlook as well as an analysis of the financial position and operations for the Community<br />
College System of New Hampshire (CCSNH) for the fiscal years ended June 30, 2018, 2017 and 2016.<br />
This discussion is provided by the management of CCSNH and should be read in conjunction with the<br />
financial statements and notes.<br />
The New Hampshire State Legislature, through the passage of Chapter 361, Laws of 2007, established<br />
CCSNH as a body politic and corporate for the purpose of providing a well-coordinated system of public<br />
community college education. Governance of CCSNH was placed with a single Board of Trustees which<br />
serves as its policy-making and operating authority.<br />
CCSNH is a state-wide system of seven independently accredited institutions including White<br />
Mountains Community College (WMCC), Lakes Region Community College (LRCC), River Valley<br />
Community College (<strong>RVCC</strong>), NHTI – Concord’s Community College, Manchester Community College<br />
(MCC), Nashua Community College (NCC), and Great Bay Community College (GBCC), as well as five<br />
academic centers in Keene, Littleton, Rochester, North Conway, and Lebanon, New Hampshire.<br />
The financial statements include the activity of the Community Colleges of New Hampshire Foundation<br />
(the Foundation), which is a separate legal entity established as a 501(c)(3) corporation and is a<br />
discretely-presented non-major component unit of CCSNH. The Foundation’s mission is to provide<br />
greater access to educational opportunities through financial assistance for student scholarships,<br />
program development, and enhancements to college facilities. The MD&A includes information only for<br />
CCSNH, not its component unit. Complete financial statements of the Foundation can be obtained from<br />
CCSNH’s system office.<br />
STRATEGIC VISION AND ECONOMIC OUTLOOK<br />
CCSNH’s mission is to provide residents with affordable, accessible education, and training that aligns<br />
with the needs of New Hampshire’s businesses and communities, delivered through an innovative,<br />
efficient, and collaborative system of colleges. CCSNH is dedicated to the educational, professional,<br />
and personal success of its students; a skilled workforce for our state’s business; and a strong New<br />
Hampshire economy. In our mission statement, CCSNH explicitly dedicates itself to supporting<br />
educational access and success, contributing to the State’s communities, and to its economic and social<br />
vitality<br />
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