Mismanagement plagues Palomar College
After a campus visit, a state-funded agency, the Fiscal Crisis Management Assistant Team (FCMAT) issued its November 8, 2019 report, describing Palomar College’s financial position and management practices. The news wasn’t good. The report gave the school’s Fiscal Health Risk Analysis a 44.5% rating, indicating its probability of insolvency in the near future. According to FCMAT, in two years the school will have drained all…