FAIRMONT, W.Va. – The results from the 2022 audit at Fairmont State University by Suttle and Stalnaker shows the institution concluded the fiscal year in strong financial standing for the fifth consecutive year.
Fairmont State achieved the highest status possible and the data was accurately presented with no uncorrected statements.
“Our continued financial strength and stability signals to our students, employees, and community that Fairmont State remains a well-established institution,” said Board of Governors Chairman Rusty Hutson. “Fairmont State has been serving the State of West Virginia for more than 157 years and we look forward in the months to come to a continued focus on marketing and enrollment efforts in order to ensure a strong freshmen class and the retention of our current students. All of which lead back to continued financial stability for Fairmont State.”
In addition to the audit results, the Board approved a requested Intent to Plan for a Master of Science in Cybersecurity and Risk Management through the College of Business and Aviation. Having received the requested approval, the College will now work with faculty and leadership in to develop details and a budget for the program. The final proposal will be reviewed by the Board of Governors during the spring term, then on to the Higher Learning Commission (HLC) for final approval. The program could be operational by the Fall 2023.