Reporting Requirements
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:

Financial

Budgeted Income Statement

FYE 6/30/20
Revenue:
Tuition and Fees 4,119,996
State Appropriations 3,015,446
Property Taxes 5,791,284
Auxiliary
Other Sources 197,100
Student Housing income 484,900
Total Revenue 13,608,726
Expense:
Salaries and Benefits 9,063,497
Contracted Services 1,291,650
Materials & Supplies 563,983
Rent, Utilities & Insurance 492,232
Travel, Communication & Misc 799,275
Scholarships 191,697
Depreciation 1,100,000
Small Capital 87,845
Total Revenue 13,590,179
Gain/(Loss) 18,547

Community Colleges
Local Strategic Value Template

State Budget Office
Office of Education
Please use this table as a method to briefly detail what your community college is doing to meet the best practices in each category. Each category is worth one-third of the total amount available for your institution. Your institution must meet 4 out of 5 best practices in a category to receive funding associated with that category.


Therefore, the following resolution is proposed:

Motion by: Percival seconded by: Bontrager 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): Bippus, Bontrager, Datkovic, Geiber, Lopez, Percival, and Gosling.

ABSENT: None Motion: Approved/Carried

Bruce Gosling


GOCC Board Chairperson

September 13, 2018


Date


Percival


Motion by:

Bontrager


Second by:

Long-Term Obligations
(Subsequent Event)

Long-term obligation activity for the year ended June 30, 2018, was as follows:

Balance
July 1, 2017
Additions Reductions Balance
June 30, 2018
Current Portion
Bonds Payable Information icon 1,020,000 (325,000) 695,000 340,000
Capital Lease Payable 54,052 (27,026) 27,026 27,026
USDA Loan 3,562,000 2,938,000 (151,000) 6,349,000 155,000
Total $
4,636,052 2,938,000 (503,026) 7,071,026 522,026

Long-term obligation activity for the year ended June 30, 2017, was as follows:

Balance
July 1, 2016
Additions Reductions Balance
June 30, 2017
Current Portion
Bonds Payable Information icon 1,330,000 (310,000) 1,020,000 325,000
Capital Lease Payable 2,105 81,078 (29,131) 54,052 27,026
USDA Loan 3,562,000 3,562,000 151,000
Total $
1,332,105 3,643,078 (339,131) 4,636,052 503,026

USDA Loan
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%.

Subsequent to year end, 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 will be used to fund the construction costs of the concourse, which is planned to be completed December 2018. 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%.

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 ranging from $275,000 to $355,000 are 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 long-term obligations as of June 30, 2018 are as follows:

Year Ending
June 30
Debt Obligations
Principal Interest Total
2019 522,026 87,945 609,971
2020 513,000 159,533 672,533
2021 162,000 143,355 305,355
2022 166,000 139,508 305,508
2023 170,000 135,565 305,565
2024-2028 912,000 615,339 1,527,339
2029-2033 1,026,000 501,742 1,527,742
2034-2038 1,153,000 374,039 1,527,039
2039-2043 1,296,000 230,494 1,526,494
2044-2046 1,151,000 69,089 1,220,089
Totals $7,071,026 $2,456,609 $9,527,635

Estimated Hard Cost to the College Resulting
from the Patient Protection and Affordable Care Act

2018 January-December – fees are broken down by plan
Faculty
$74.68 (January-June 2017)
GOSSE & Admin

$250/$500
deductible plan:

Single: $159.60
Two-Person: $333.60
Family: $435.72

$1350/$2700
deductible plan

Single: $128.16
Two-person: $267.84
Family: $349.92

$2,000/$4,000
deductible plan:

Single: $115.56
Two-person: $241.56
Family: $315.48

General Fund Revenue
and Expenditure Projections

2018-2019 2019-2020 2020-2021
Tuition 3,820,208 3,934,814 4,052,859
Property Tax 5,620,000 5,788,600 5,962,258
State Aid 2,983,560 3,073,067 3,165,259
Other 360,600 331,418 382,560
Total Revenue $12,784,368 $13,167,899 $13,562,936
Salaries & Benefits
8,596,958 8,854,866 9,120,512
Utilities 371,792 382,946 394,435
Insurance 150,474 108,638 111,897
Maintenance and repairs 123,149 126,844 130,649
Maintenance contracts 495,273 510,131 525,435
Scholarships 179,878 185,274 190,832
Promotion and publications 271,877 280,033 288,434
Materials and supplies 281,903 290,361 299,071
Professional services 505,895 521,072 536,705
Travel and professional development 268,739 276,801 285,105
Other operating expenses 317,952 327,490 337,315
Equipment 57,968 59,707 61,498
Total Expense $11,576,857 $11,924,163 $12,281,888
Depreciation $1,025,000 $1,055,750 $1,087,423
Excess (deficiency) of revenue over expenditures $182,511 $187,986 $193,626

Section 209(5)
Community College Survey

Due November 15, 2017

Use and Finance
Bi-Annual Reporting Form

Activities
Classification Structure

Additional Information

91.9% of respondents to our most recent Glen Oaks Graduate Survey report being employed

Benefits

Master Agreements

Nondiscrimination Statement

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:

  1. Mail: U.S. Department of Agriculture
    Office of the Assistant Secretary for Civil Rights
    1400 Independence Avenue, SW
    Washington, D.C. 20250-9410; or
  2. Fax: (202) 690-7442; or
  3. Email: intake@usda.gov

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
Contact Form