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RVCC 2019 NECHE Self-Study

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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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