Our second Adams State University Day at the Capitol, in February, was a big success. Our alumni joined us to help convey the importance of Adams State to legislators. Even more special, the ASU Desert Winds Quintet played for the legislative reception, serenaded the entire Capitol during the next morning, and played the National Anthem for the Senate. It was a wonderful way for us to showcase the talent of our students.
On February 21, Huron Consulting Group presented our Performance Audit to the Legislative Audit Committee. Our CFO Heather Heersink and I responded to questions and addressed concerns. The full audio of the presentation can be heard here. The full report is on the web and can be accessed here.
Please remember that this audit is based on FY15. Both the consultants and the legislators noted we have made significant progress in the past 18 months to stabilize our finances.
There is always concern about the debt the university is carrying, and we agreed with that concern. Positive steps, such as restructuring our debt, will save the university $3 million over the next three years, with another opportunity to restructure and save even more in 2020.
We need to continue to work together on recruiting and retaining students. We have a Recruitment and Retention plan that we believe will help us improve. We are also adding new academic programs, including a partnership with CSU to offer an agriculture degree beginning this fall. As we complete our Academic Master Plan, we will consider additional plans for new programs that will attract students to our campus.
There are lots of good things happening at Adams State University, and we have great plans for our future. I thank you for caring about our students and our university and encourage you to stay informed of our progress.