Glen Oaks Gets Good Audit Report
By: Mike Stiles -
Thursday, October 14, 2021
(CENTREVILLE) – Financially speaking, it was a good year for Glen Oaks Community College.
During Tuesday's meeting, the Glen Oaks Board of Trustees received the financial audit for fiscal year 2020-2021. Josh Sullivan of Rehmann Company presented the audit via Zoom, and said that Glen Oaks received a clean, unmodified opinion, which is the highest opinion a company can receive.
Sullivan shared that Glen Oaks had an increase in their net position by $2.8 million over the year period from June 30, 2020 to June 30, 2021.
Sullivan also told the Board of Trustees that the Glen Oaks Foundation had an increase in their net position of $800,000 over the same time period. This was mostly because of investment income.
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