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Dec. 16, 2016
Northwest Missouri State University’s Board of Regents during its regular meeting Thursday heard the results of the University’s annual financial audit and approved a series of curriculum revisions to enhance its geography and agriculture programs.
RubinBrown, LLP completed the financial audit of Northwest’s financial statements for the 2016 fiscal year, which resulted in an unmodified opinion with no deficiencies or material weaknesses.
The University is required to complete an annual audit of its financial statements by an external audit firm. RubinBrown visited the campus this fall to complete the audit as well as a review of compliance and internal control over the financial reporting of the University’s financial statements.
The Board and RubinBrown praised Northwest Vice President of Finance Stacy Carrick, Controller Mary Collins and the University’s finance team to maintain sound financial practices.
“There were no adjustments that we identified or recommended being made to the University’s financial statement so that is an indication of the quality of work we received when we began the audit,” RubinBrown partner Chester Moyer told the Board.
Moyer added, “Not everybody receives an opinion that is clean, that has no management letter comments, so it is something to be proud of.”
Northwest Provost Dr. Timothy Mottet presented the Board with a package of 56 curriculum revisions ranging from changing course credit hours and course names to the creation of courses.
The approved revisions include creating an undergraduate certificate program in geographic information systems (GIS) to provide students an opportunity for pre-professional education and create a cohesive structure in the GIS program. Students who earn a certificate may use the core courses to progress in minor, major and graduate studies in the program, Mottet said.
Northwest also will add seven courses in its School of Agricultural Sciences to enhance its graduate-level programs and align with its burgeoning precision agriculture program.
In other business, the Board approved an intergovernmental cooperation agreement with the Missouri Securities Investment Program (MOSIP). The program was formed to help school districts, municipalities and other public subdivisions meet cash flow and investment needs, and it is another opportunity for Northwest to invest funds, Northwest Vice President of Finance Stacy Carrick said.
Mottet also announced Northwest on Thursday signed an agreement with online vendor Academic Partnerships to develop and deliver a suite of online programs to students. Through the partnership, which the Board approved in October, Northwest will receive assistance with instructional design, marketing, recruiting and retaining students, and offering a portfolio of credentialed faculty to help teach courses as the volume of students increase.
The Board of Regents is responsible for sound resource management of the University and determining general, educational and financial policies.
Mark Hornickel, Communication Manager
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Northwest Missouri State University
215 Administration Building | 800 University Drive | Maryville, MO 64468