| Section 3: Comprehensive Standards
3.10.1 (Financial Stability)The institution’s recent financial history demonstrates financial stability.
JUDGMENT OF COMPLIANCE
Compliance
NARRATIVE/JUSTIFICATION FOR JUDGMENT OF COMPLIANCE
Northeastern Technical College demonstrates financial stability and that all programs and services are funded adequately through the following documentation:
The primary sources of revenues to finance the College include tuition and fees, state appropriations, and federal funding. State and local appropriations have remained stable over the past three years. Increases in expenditures have been funded by tuition and fee increases. The college has no debt other than deferred compensation, as indicated in the 2005 Financial Profile and the 2006 Financial Profile.
The College’s current ratio of current assets to current liabilities has remained around five, showing that short-term obligations can be met five times with liquid assets. This ratio has remained relatively stable for the past three years, indicating financial stability.
SUPPORT DOCUMENTATION
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