for Public Act 201 of 2012
In order to comply with the reporting requirements imposed on community colleges by Public Act No. 201 of 2012, Glen Oaks Community College has provided the following information and links:
Budgeted Income Statement
|Tuition and Fees||4,119,996|
|Student Housing income||484,900|
|Salaries and Benefits||9,063,497|
|Materials & Supplies||563,983|
|Rent, Utilities & Insurance||492,232|
|Travel, Communication & Misc||799,275|
Local Strategic Value Template
Office of Education
Therefore, the following resolution is proposed:
Motion by: seconded by: that Glen Oaks Community College Board of Trustees certifies that the College does meet the best practice standards required for State Appropriations under Michigan Public Act 108 of 2017.
ROLL CALL VOTE: (voting aye): Percival, Bontrager, Lopez, Datkovic, Gieber, Higgins and Gosling
ABSENT: None Motion: Approved/Carried
September 12, 2019
Long-term obligation activity for the year ended June 30, 2019, was as follows:
July 1, 2018
June 30, 2019
|Capital Lease Payable||27,026||—||(27,026)||—||—|
|USDA Loan – Student Housing||6,349,000||—||(155,000)||6,194,000||158,000|
|USDA Loan – Concourse||—||2,067,500||(40,000)||2,027,500||42,000|
|Total Direct Borrowings $||6,376,026||2,067,500||(222,026)||8,221,500||200,000|
|Total Debt $||7,071,026||2,067,500||(562,026)||8,576,500||555,000|
Long-term obligation activity for the year ended June 30, 2018, was as follows:
July 1, 2017
June 30, 2018
|Capital Lease Payable||54,052||—||(27,026)||27,026||27,026|
|USDA Loan – Student Housing||3,562,000||2,938,000||(151,000)||6,349,000||155,000|
|Total Direct Borrowings $||3,616,052||2,938,000||(178,026)||6,376,026||182,026|
|Total Debt $||4,636,052||2,938,000||(503,026)||7,071,026||522,026|
In September 2016, the College obtained a Community College Facilities Loan from the United States Department of Agriculture in an amount not to exceed $6.5 million, which was used to fund the construction costs of the student housing, which was completed during fiscal 2018. The loan matures serially through 2046, with principal payments ranging from $155,000 to $297,000 due each December 1. Interest is charged at 2.375% and is payable semi-annually.
In August 2018, the College obtained a Community College Facilities Loan from the United States Department of Agriculture in an amount not to exceed $2.2 million, which was used to fund the construction costs of the concourse, which is planned to be completed in fiscal 2020. The loan matures serially through 2048, with principal payments ranging from $40,000 and $121,000 due each June 17. Interest is charged at 3.875% and is payable semi-annually.
Community College Facilities Bonds, 2010
Bonds were issued in 2010 in the amount of $2,955,000. Interest on the bonds range from 2.00 percent to 3.50 percent and is payable semiannually in May and November. Principal installments are $355,000 due through May 2020. The proceeds from the bonds were used for capital projects. The bonds are unsecured.
Total principal and interest maturities on the bond obligations as of June 30, 2019 are $355,000 of principal and $12,425 of interest during 2020.
Total principal and interest maturities on the long-term obligations as of June 30, 2019 are as follows:
Estimated Hard Cost to the College Resulting
from the Patient Protection and Affordable Care Act
General Fund Revenue
and Expenditure Projections
Salaries & Benefits
|Maintenance and repairs||123,149||126,844||130,649|
|Promotion and publications||271,877||280,033||288,434|
|Materials and supplies||281,903||290,361||299,071|
|Travel and professional development||268,739||276,801||285,105|
|Other operating expenses||317,952||327,490||337,315|
|Excess (deficiency) of revenue over expenditures||$182,511||$187,986||$193,626|
Community College Survey
Use and Finance
Bi-Annual Reporting Form
Glen Oaks Community College District Boundaries
In accordance with federal civil rights law and U.S. Department of Agriculture (USDA) civil rights regulations and policies, the USDA, its agencies, offices, and employees, and institutions participating in or administering USDA programs are prohibited from discriminating based on race, color, national origin, religion, sex, gender identity (including gender expression), sexual orientation, disability, age, marital status, family/parental status, income derived from a public assistance program, political beliefs, or reprisal or retaliation for prior civil rights activity, in any program or activity conducted or funded by USDA (not all bases apply to all programs). Remedies and complaint filing deadlines vary by program or incident.
Persons with disabilities who require alternative means of communication for program information (e.g., braille, large print, audiotape, American Sign Language, etc.) should contact the responsible agency or USDA’s TARGET Center at (202) 720-2600 (voice and TTY) or contact USDA through the Federal Relay Service at (800) 877-8339. Additionally, program information may be made available in languages other than English.
To file a program discrimination complaint, complete the USDA Program Discrimination Complaint Form, AD-3027, found online at http://www.ascr.usda.gov/complaint_filing_cust.html and at any USDA office or write a letter addressed to USDA and provide in the letter all of the information requested in the form. To request a copy of the complaint form, call (866) 632-9992. Submit your completed form or letter to USDA by:
- U.S. Department of Agriculture
Office of the Assistant Secretary for Civil Rights
1400 Independence Avenue, SW
Washington, D.C. 20250-9410; or
- (202) 690-7442; or
This institution is an equal opportunity provider.
Any person believing that Glen Oaks Community College or any part of the organization has engaged in a discriminatory practice should contact the Glen Oaks Title IX Coordinator, Tonya Howden, at 62249 Shimmel Rd., Centreville, MI 49032, office A53.
Phone number: (269) 294-4230