NICC officials say the community college's finances are in good shape.
NICC executive director of finance Tom Ridout says refinancing New Jobs Training Program bonds held by NICC saved the state $1,070,000 in FY 2014.
Ridout also said NICC has earned an Aa2 investment rating from Moody's--one step away from the top position an institution can have. He also highlighted the fact that a tuition rate freeze was in effect at NICC for the third consecutive year.
NICC trustees on Monday approved the 2013-2014 financial report, subject to an audit to be conducted by Hacker, Nelson & Co., P.C., of Decorah.