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 6/30/21
Revenue:
Tuition and Fees 3,814,652
State Appropriations 3,208,247
Property Taxes 5,856,637
Other Sources 226,500
Student Housing income 574,480
Total Revenue 13,680,516
Expense:
Salaries and Benefits 9,319,770
Contracted Services 1,061,184
Materials & Supplies 532,166
Rent, Utilities & Insurance 481,505
Travel, Communication & Misc 768,095
Scholarships 268,697
Depreciation 1,150,000
Small Capital 92,100
Total Revenue 13,673,516
Gain/(Loss) 7,000

Community Colleges
Local Strategic Value 2020

State Budget Office
Office of Education

Michigan Public Act 201 of 2012, signed into law by Governor Snyder on June 25, 2012, originates from an omnibus public education bill passed by the Michigan Legislature providing funding for community colleges. Among the components of the appropriations for each of the community colleges is one that uses performance-based funding based on “local strategic value,” defined using best practices in three categories as shown below. Each category covers five standards of local strategic value (aka “best practices”). The law requires each College Board of Trustees to pass a resolution certifying that the college meets at least four out of five best practice standards in each of the three categories.

Glen Oaks Community College not only meets, but exceeds the best practices standards required by the omnibus appropriations law, as shown in the table below:



Therefore, the following resolution is proposed:

Motion by: Higgins, second by: Gieber, 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: Lopez, Datkovic, Gieber, Higgins, Percival, Bontrager and Gosling

ABSENT: None Motion: Approved/Carried

Bruce S. Gosling


GOCC Board Chairperson

October 8, 2020


Date

Long-Term Obligations
(Subsequent Event)

Long-term obligation activity for the year ended June 30, 2020, was as follows:

Balance
July 1, 2019
Additions Reductions Balance
June 30, 2020
Current Portion
Bonds Payable Information icon 355,000 (355,000)
USDA Loan – Student Housing 6,194,000 (158,000) 6,036,000 162,000
USDA Loan – Concourse 2,027,500 132,500 (42,000) 2,118,000 43,000
Total Direct Borrowings $ 8,221,500 132,500 (200,000) 8,154,000 205,000
Total Debt $ 8,576,500 132,500 (555,000) 8,154,000 205,000

Long-term obligation activity for the year ended June 30, 2019, was as follows:

Balance
July 1, 2018
Additions Reductions Balance
June 30, 2019
Current Portion
Bonds Payable Information icon 695,000 (340,000) 355,000 355,000
Capital Lease Payable 27,026 (27,026)
USDA Loan – Student Housing 6,349,000 (155,000) 6,194,000 158,000
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

USDA Loans
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 2021. 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 was payable semiannually in May and November. The proceeds from the bonds were used for capital projects. The bonds were unsecured. The bond obligation was paid in full in 2020.

Total principal and interest maturities on the long-term obligations as of June 30, 2020 are as follows:

Year Ending
June 30
Debt Borrowing Obligations
Principal Interest Total
2021 205,000 223,604 428,604
2022 211,000 219,914 430,914
2023 217,000 214,228 431,228
2024 222,000 208,369 430,369
2025 228,000 202,376 430,376
2026-2030 1,238,000 915,751 2,153,751
2031-2035 1,417,000 737,561 2,154,561
2036-2040 1,620,000 532,298 2,152,298
2041-2045 1,859,000 295,492 2,154,492
2046-2048 937,000 48,415 985,415
Totals $8,154,000 $3,598,008 $11,752,008

General Fund Revenue
and Expenditure Projections

2020-2021 2021-2022
Tuition 3,801,07 3,915,107
Property Tax 5,850,37 6,025,881
State Aid 3,200,00 3,296,000
Other 550,000 566,500
Total Revenue $13,401,445 $13,803,488
Salaries & Benefits
9,120,51 9,394,128
Utilities 394,435 406,268
Insurance 111,897 115,254
Maintenance and repairs 130,649 134,569
Maintenance contracts 525,435 541,198
Scholarships 190,832 196,557
Promotion and publications 288,434 297,087
Materials and supplies 299,071 308,043
Professional services 536,705 552,806
Travel and professional development 285,105 293,658
Other operating expenses 337,315 347,434
Equipment 61,498 63,343
Total Expense $12,281,888 $12,650,344
Depreciation $1,087,423 $1,120,045
Excess (deficiency) of revenue over expenditures $32,135 $33,099

Note:This document is presented for required State reporting purposes only and subject to change.

Section 209(5)
Community College Survey

Due November 2, 2020

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

Glen Oaks Community College District Boundaries

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