College Financial Information
The Administration and Finance Division at Tri-C works to secure the future of Cuyahoga Community College and provide the residents of Northeast Ohio with high quality, accessible and affordable educational opportunities. Our financial reporting and management practices are best practices as recognized by the Government Finance Officers Association (GFOA). Governmental accounting and financial reporting standards help stakeholders assess how public resources were acquired and how resources are or will be spent.
The College is pleased to present the FY 2020 Budget Book, the Comprehensive Annual Financial Report (CAFR) for the fiscal years ended June 30, 2018 and 2017, and the Popular Annual Financial Report (PAFR) for the fiscal year ended June 30, 2018. The Distinguished Budget Presentation Award was replaced with the Award for Best Practices in Community College Budgeting for fiscal year beginning July 1, 2017. The College was second community college in the nation and the first in Ohio to receive the new award. The College has consistently received the prestigious GFOA awards for these three documents since 2008.
Our Budget Book meets nationally recognized guidelines designed to assess how well our budget serves as a policy document, a financial plan, an operations guide, and a communications device.
The CAFR demonstrates a “spirit of full disclosure” to clearly communicate the College’s financial story. The CAFR has an introductory section, a comprehensive financial analysis, and a statistical section. The annually audited CAFR is filed with the Auditor of State as required by the Ohio laws and regulations.
The PAFR communicates the history and overview of the College, accomplishments, strategic focus areas, financial highlights and metrics, major capital projects, and key statistical information in a format designed to be appealing to readers and easily understandable.
Cuyahoga Community College is dedicated to building trust, respect and confidence among our colleagues, students and the community. We hope the financial information presented increases public confidence in the College and promotes a greater awareness of how your tax dollars are being spent.
Michael L. Johnson, CPA, CMA, CFM, CGMA
Accounting and Financial Operations