KCTCS Board of Regents Receives Highest Opinion from Independent Audit

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President McCall requests no bonus or salary increase.

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Dr. McCall’s vision and leadership is one of the primary reasons KCTCS is recognized as the premier community and technical college system in the nation.

The Kentucky Community and Technical College System (KCTCS) Board of Regents received positive results from the organization’s annual independent financial audit for fiscal year 2009-2010. The opinion issued by Dean Dorton Ford, PSC was an “unqualified opinion,” the highest opinion offered by public accounting firms. KCTCS has received an unqualified opinion every year since its inception.

“We are extremely pleased with the outcome of this audit. It demonstrates that KCTCS is in a very strong financial condition that will allow it to continue to strengthen the state’s economy by providing a pathway to higher education for a majority of Kentuckians,” said Thomas Zawacki, chairman of the KCTCS Board of Regents.

The board also completed its performance evaluation of KCTCS President Michael B. McCall and, as a result of his positive performance, voted to extend Dr. McCall’s contract an additional year through December 31, 2014. Additionally, they stated his performance qualified him for 100% of the bonus for which he was eligible. However, they respectfully accepted his request not to consider a salary increase and bonus.

“Dr. McCall’s vision and leadership is one of the primary reasons KCTCS is recognized as the premier community and technical college system in the nation,” Zawacki said. “We are extremely fortunate to have an individual of his stature and ability at the helm of this organization.”

Other action taken by the KCTCS Board of Regents included:

  •     Approval of 12 new KCTCS occupational-technical certificates and diplomas;
  •     Approval of 6,849 candidates for credentials (certificates, diplomas, and associate degrees) between July 26, 2010 and October 12, 2010.

These include:
o    4,360 candidates for certificates,
o    621 candidates for diplomas, and
o    1,868 candidates for associate degrees.

In an update, Bluegrass Community and Technical College President Augusta Julian presented details on the 20-year Newtown Pike Campus Master Plan that will be built on the historical site of Eastern State Hospital’s 48-acre campus in Lexington.

The next KCTCS Board of Regents meeting will be March 11, 2011 at the KCTCS system office in Versailles.

For most Kentuckians, higher education begins at the Kentucky Community and Technical College System. Our statewide system of 16 colleges, 68 campuses and more than 100,000 students is a critical component to transforming the state’s economy by providing citizens with the education and training needed for high growth, high wage careers. For more information, visit kctcs.edu.

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Teena Hammond
KCTCS
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Terri Giltner
KCTCS
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