Standard Two: Planning and Evaluation
CCS is clearly engaged in continual self-reflection, and not just for a certification review. There is
attention to long-term strategic planning as well as short-term issue resolution. This is challenging with
a student population that ranges, at least recently, from 25-35 students who pay a tuition of
approximately $27,000 without significant resources for financial assistance. Given the small size and
challenging cost, attending to the needs of current and future students is an important priority.
Including those students in planning for the future is critical. The open doors of the President and other
full time and part time administrators and faculty are part of the culture at CCS. Short term problem
solving and longer term planning are facilitated by this back and forth sharing of problems and
opportunities. Students and faculty are included on a regular basis, and all members of the community
are updated regularly on news related to CCS so that there are no surprises. This, too, is often unique
in the world of higher education. Small size facilitates the open door, but the open and welcoming
style of leaders facilitates it as well. This includes updates on the financial health and outlook of the
institution itself, quarterly reviews by the Board of Trustees.
The pressures of the pandemic highlighted many challenges for CCS, as for other similar institutions,
including but not limited to the continuing concerns for the mental health of staff and students and the
ongoing attention mental health deserves going forward, as well as the challenge of affordable housing
in the wider area within an easy commute of CCS.
Although there are no formal mechanisms for evaluations of faculty and staff, CCS seems to satisfy the
importance of accountability through student assessments and regular feedback in a less formalized
approach. It is important to note that CCS enjoys a low attrition rate.
Given the small size of CCS, its donor base has always been a challenge. Hiring a grant writer has
been helpful, although still in early stages. Facilities planning has been important to CCS, and the very
recent purchase of a third building has been the result of years of planning.
Summary of Telegraph Renovation Project Financing Plan
To fund the Telegraph Renovation project, with an overall budget of $2,227,626, the capital stack
strategy includes public grants, private grants, individual donations, and financing. CCS to date has
secured the following funding:
·
Northern Borders Regional Commission (NBRC) Catalyst grant of $971,315, which requires
a match and cost share equal to the remainder of the budgeted expenses
·
$200,000 pledge from an anonymous foundation, to be used toward energy efficiency
measures
·
Vermont Agency of Commerce and Community Development Capital Investment Program
grant of $75,737, to be used toward building purchase
·
VT Agency of Commerce and Community Development Community Recovery and
Revitalization Program grant of $79,110
·
Two River Ottauquechee Regional Commission, as our project partner through the NBRC
grant, will be assisting us to raise the approximately $300,000 in remediation funds through
federal and state sources (Exact amount to be determined through completion of Corrective
Action Plan)
·
CCS has committed $207,913 to fund the building purchase and associated costs
·
Mascoma Bank is committing to a loan to cover the remaining $421,000 in order to secure