RVCC 2019 NECHE Self-Study

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Subject to the intent of a donor expressed in the gift instrument, the System may appropriate for expenditure or accumulate so much of an endowment fund as the System determines is prudent for the uses, benefits, purposes, and duration for which the endowment fund is established. Endowment assets are invested in a well-diversified asset mix, which includes equity and debt securities that is intended to result in a consistent inflation-protected rate of return that has sufficient liquidity to make an annual distribution of 4% while growing the funds, if possible. Cumulative appreciation on these funds was $3,872,147 and $3,162,386 at June 30, 2018 and 2017, respectively and is reported in restricted expendable net position. The System manages interest rate risk according to its investment policy by maintaining investments that are both liquid, as determined by a readily available market, and highly diversified, using institutional class mutual funds or exchange-traded funds. Custodial credit risk for investments is the risk that, in the event of a failure of the counterparty to a transaction, CCSNH will not be able to recover the value of the investment or collateral securities that are in possession of an outside party. Investment securities are exposed to custodial credit risk if the securities are uninsured, are not registered in the name of CCSNH, and are held by either the counterparty or the counterparty's trust department or agency, but not in CCSNH’s name. As of June 30, 2018 and 2017, CCSNH's investments included in the statements of net position were not exposed to custodial credit risk. The investments were held by the counterparty, in the name of CCSNH. Investments held by CCSNH were comprised of the following at June 30, 2018: Level 1 Level 2 Level 3 Equity mutual funds $ 11,522,367 $ - $ - Fixed-income mutual funds 15,467,666 - - Total $ 26,990,033 $ - $ - Investments held by CCSNH were comprised of the following at June 30, 2017: Level 1 Level 2 Level 3 Equity mutual funds $ 10,238,067 $ - $ - Fixed-income mutual funds 14,366,476 - - Total $ 24,604,543 $ - $ - A summary of fixed-income mutual fund maturities as of June 30, 2018 and 2017 is as follows: Amount 2018 Maturities 2017 Amount Maturities $ 88,862 2.7 years $ 4,202,850 5.4 years 226,041 2.5 years 315,543 3.5 years 8,788,528 Less than a year 179,276 3.0 years 6,364,235 N/A 9,668,807 Less than a year $ 15,467,666 $ 14,366,476 The maturities are the weighted averages of the debt securities in which the funds invest. 253 | P a g e
CCSNH has not defined a limit in its investment policies regarding the amount that can be placed with one issuer. However, the investment policy defines that the portfolio should be well diversified as to limit exposure to one issuer or security. As of June 30, 2018, individual investments representing more than 5% of the CCSNH's investments were as follows: Percentag e of Investmen ts Fidelity Conservative Income Bond 32.5 % Strategic Advisors Core Fund 12.2 Strategic Advisors Growth Fund 5.5 Strategic Advisors Value Fund 5.6 Strategic Advisors International Fund 8.1 Strategic Advisors Core Income Fund 19.4 During the year ended June 30, 2017, certain investments previously managed by and held at the Foundation were transferred to the CCSNH. Community Colleges of New Hampshire Foundation The Foundation has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment funds, while also maintaining the purchasing power of those endowment assets over the long-term. Accordingly, the investment process seeks to achieve an after-cost total real rate of return, including investment income as well as capital appreciation, which exceeds the annual distribution with acceptable levels of risk. Endowment assets are invested in a well-diversified asset mix, which includes equity and debt securities, that is intended to result in a consistent inflation-protected rate of return that has sufficient liquidity to make an annual distribution of 4% while growing the funds, if possible. Actual returns may vary from this amount. Investment risk is measured in terms of the total endowment fund; investment assets and allocation between asset classes and strategies are managed to not expose the fund to unacceptable levels of risk. Investments held by the Foundation were comprised of the following at June 30, 2018: Level 1 Level 2 Level 3 Cash and cash equivalents $ 237,393 $ - $ - Equities 3,082,399 - - Fixed-income 812,276 - - Total $ 4,132,068 $ - $ - Investments held by the Foundation were comprised of the following at June 30, 2017: Level 1 Level 2 Level 3 Cash and cash equivalents $ 111,001 $ - $ - Equities 2,892,038 - - Fixed-income 840,703 - - Total $ 3,843,742 $ - $ - 254 | P a g e
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“Soar into your Future!” Accred
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Table of Contents INSTITUTIONAL CHA
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at least two but less than four yea
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Physical Therapy Assistant Radiolog
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a) Organization of academic affairs
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ORGANIZATIONAL CHARTS x | P a g e
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TABLE OF CIHE ACTIONS, ITEMS OF SPE
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INTRODUCTION River Valley Community
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RVCC STANDARD COMMITTEES Committee
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A recurring theme discussed through
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DATA FIRST FORMS GENERAL INFORMATIO
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Description Mission Statement: Rive
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Through our workforce development o
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Standard 1: Mission and Purposes At
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Description Planning and evaluation
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Committees for each Initiative met
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of the project, and the continued a
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oards and clinical/practicum precep
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necessary, guide a suspension or cl
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Standard 2: Planning and Evaluation
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Standard Three Organization & Gover
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Two (2) members from building/mecha
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Institutional Organization River Va
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challenges in financial stability r
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Standard 3: Organization and Govern
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37 | P a g e Standard Four The Acad
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progress through the program; and t
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All programs at RVCC strive to foll
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One area that came to light during
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All program curricula, as well as c
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the College. Faculty mentors often
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in the face to face format and are
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Standard 4: The Academic Program (S
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Standard 4: The Academic Program (H
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Standard 4: The Academic Program (H
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Standard 4: The Academic Program (C
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Description River Valley Community
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RVCC students who are 25 and over m
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Student Readiness for College The S
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The College, under the direction of
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Academic Advising All Program Direc
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In Fall of 2018, a group of student
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Strong community partnerships provi
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Standard 5: Students (Enrollment, F
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Undergraduate Admissions informatio
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While slightly increased over previ
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accrediting body. Many accrediting
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As per the full-time faculty’s CB
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There is a standard process that RV
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September of 2018 and the OTA progr
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mode of delivery when there is a ne
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Policies also exist to support form
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Standard 6: Teaching, Learning, and
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Standard 6: Teaching, Learning, and
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97 | P a g e Standard Seven Institu
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Gov. Grants $ 300,404 $ 1,389,296 $
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system of public community college
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udget for this program was increase
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CCSNH began a five-year budget mode
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een, or are being resolved. A CCSNH
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The RVCC IT Department has a studen
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Fiscal Year ends - month & day: (06
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FISCAL YEAR ENDS month & day ( / )
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FISCAL YEAR ENDS month & day ( 06 /
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Standard 7: Institutional Resources
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Standard Eight Educational Effectiv
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College, 88% (754) of the students
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Figure 8.2 - RVCC Student Transfer
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to ensure students were provided st
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(https://www.turningpointsnetwork.o
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Figure 8.5 - RVCC Program Completer
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new Clinical Coordinator was hired.
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Bachelor Cohort Entering Associate
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Student Success Measures/ Prior Per
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Policy, the Domestic Violence in th
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Hampshire as a self-governing body
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esponsibilities of both students an
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Projections By Fall of 2019, Col
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Advancement not avail. http://www.r
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Standard 9: Integrity, Transparency
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Programs, courses, services, and pe
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Print Publications Self-study/ Fift
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(1) (2) (3) (4) (5) CATEGORY Where
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with college level math course. 5.B
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continuingaccreditation offered at
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27. Respiratory Therapy, AS https:/
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4.12 Learning activities & instruct
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Progress Report (to be submitted on
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E-SERIES FORMS: MAKING ASSESSMENT M
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Management Letter & Financial Repor
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We have evaluated the key factors a
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did not identify any deficiencies i
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Table of Contents INDEPENDENT AUDIT
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Bangor, Maine December 7, 2018 INTR
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CCSNH has done an excellent job ens
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Page 213 and 214: FINANCIAL STATEMENTS CCSNH reports
Page 215 and 216: Capital assets, net of accumulated
Page 217 and 218: Net position Overall net position d
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Page 221 and 222: Net position, beginning of year, as
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Page 225 and 226: and the recognition of a gain of $2
Page 227 and 228: Noncurrent assets Student loans rec
Page 229 and 230: Appropriations from the State of Ne
Page 231 and 232: Nature of Business The Community Co
Page 233 and 234: When capital assets are retired or
Page 235 and 236: inflows and deferred outflows relat
Page 237 and 238: 2. Change in Accounting Principle D
Page 239 and 240: 5. Long-Term Liabilities Changes in
Page 241 and 242: 6. Bonds Payable Bonds payable cons
Page 243 and 244: 7. Defined Benefit Pension Plan CCS
Page 245 and 246: Amounts reported as deferred outflo
Page 247 and 248: Discount Rate The discount rate use
Page 249 and 250: At June 30, 2018, CCSNH reported de
Page 251 and 252: Discount Rate The discount rate use
Page 253 and 254: Amounts reported as deferred outflo
Page 255 and 256: Sensitivity Analysis The following
Page 257: Investments Fair Value Measurement
Page 261 and 262: 256 | P a g e REQUIRED SUPPLEMENTAR
Page 263 and 264: Notes to the Required Supplementary
Page 265 and 266: Schedule of Collective Net OPEB Lia
Page 267: Graduate Surveys List of new and el
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