Yavapai College District Governing Board Approves a Settlement and Release Agreement with former President

The Yavapai College District Governing Board approved a Settlement and Release Agreement with former Yavapai College President Lisa Rhine, PhD. Board chairman Steve Bracety released the following statement about the agreement.

“Yavapai College and Dr. Rhine have agreed that settlement is in their respective best interests and provides a constructive path forward, Bracety said.”  The settlement allows both parties to bring finality to the dispute, focus on the future, and avoid the continued time, uncertainty, disruption, and expense associated with protracted litigation. From the College’s perspective, resolving the matter reflects responsible stewardship of public resources by limiting additional attorneys’ fees, litigation costs, staff time, and potential financial exposure.

The settlement is a practical business decision and should not be interpreted as an admission of liability or wrongdoing by either party. Rather, it permits the College and Board to direct their attention and resources toward serving the students, faculty, staff and Yavapai County residents and taxpayers while allowing all involved to move forward professionally and productively.”

Bracety also issued the following statement about the results of the forensic audit:

“The forensic audit has concluded, with no criminal activity or misconduct identified,” Bracety said. “The Board thanks the College’s Executive Leadership Team for its diligence in reviewing and confirming that the College’s financial operations are being managed responsibly and efficiently. As a taxpayer-supported institution, our highest priority is ensuring the College’s financial resources are managed effectively to support the students and communities we serve. As with any audit, the findings identified opportunities for the College to further strengthen its financial and budgetary operations, and we will continue working to implement strategies that promote fiscal responsibility and long-term sustainability.”

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Yavapai College operates seven campuses and centers throughout Yavapai County and offers over 100 degrees and certificates, six baccalaureate degrees, student and community services, and cultural events and activities. To learn more about Yavapai College, visit www.yc.edu.