MORTON COLLEGE COMMUNITY COLLEGE DISTRICT NO. 527 COOK COUNTY, ILLINOIS Minutes of the Regular Board Meeting Wednesday 1.0 Convening the Meeting: 1.1 The Regular Meeting of the Board of Trustees of Illinois Call to Order: Community College District No. 527 was called to order by Board Vice Chair Melissa Cundari at 5:04 p.m. on Wednesday, August 28, 2013 in the Morton College Board Room (221-B). 1.2 Present: Frank J. Aguilar, Trustee (arrived at 5:34 p.m.) Roll Call: Susan L. Banks, Secretary Joseph J. Belcaster, Trustee Jose A. Collazo, Trustee Melissa Cundari, Vice Chair Sandra Ortiz, Advisory-Voting Student Member Frances F. Reitz, Trustee Absent: Anthony Martinucci, Chair Also Present: Dana Grove, President Holly Tomchey, Attorney 1.3 Chair Pro Tem Cundari opened the Public Hearing at 5:05 p.m. on PUBLIC HEARING the Annual Budget for Fiscal Year Beginning July 1, 2013 and on the Annual Budget Ending June 30, 2014. Mr. David Gonzalez advised that there for FY 2014: have been no significant changes since posting the Tentative Budget. He presented an overview of the FY 2014 Budget, noting that it is balanced but that the College needs to continue planning for the impending pension reform, health care reform, and capital outlay that will place a burden on available funds. (Refer to Exhibit #1.3 for details of the presentation.) Mr. Gonzalez responded to the Board s questions regarding source of funding for the various funding areas, maintaining the fund reserve, the impact of property assessment/reassessment, and the impact to our students. The Chair Pro Tem asked if anyone in the audience wished to address the Board on the Annual Budget for Fiscal Year Beginning July 1, 2013 and Ending June 30, 2014. Hearing none, Chair Pro Tem Cundari declared the Public Hearing closed at 5:22 p.m.
Regular Board Meeting District 527 Page 2 2.0 Items identified by an asterisk on the Agenda have been Consent and Information Agenda: placed on the Consent Agenda: 3.0 Approval of Minutes of Previous Meeting(s): Item 3.1 Minutes of the Regular Meeting held on June 26, 2013; Item 10.10 Affiliation Agreement with THC Chicago Kindred for the Nursing Program; Item 10.12 Agreement, First Addendum, Between the Morton College Board of Trustees and Dana Grove, President of Morton College; Item 10.18 National Association of College Stores (NACS), continued Institutional Membership, $550 for FY 2014; Item 10.19 National Alliance of Community and Technical Colleges, continued Institutional Membership, $1,500 for FY 2014; Item 10.20 Illinois Council of Public Community College Presidents, continued Institutional Membership, $2,000 for FY 2014; Item 10.21 The Higher Learning Commission (HLC), continued Institutional Membership, $3,910.50 for FY 2014; and Item 10.22 Illinois Community College Trustees Association (ICCTA), continued Institutional Membership, $10,710 for FY 2014 Trustee Belcaster moved to approve the Consent Agenda as presented. Trustee Collazo seconded the motion. Ayes: Trustees Banks, Belcaster, Collazo, Cundari, and Reitz. Nays: None. Absent: Trustees Aguilar and Martinucci. Motion carried. 3.1 Approved by consent see Agenda Item 2.0. Minutes of the Regular Meeting Held June 26, 2013: 3.2 Trustee Belcaster moved to approve the Minutes of the Closed Minutes of Closed Session Session held on June 26, 2013 as submitted. Trustee Collazo Held June 26, 2013: seconded the motion.
Regular Board Meeting District 527 Page 3 Ayes: Trustees Banks, Belcaster, Collazo, Cundari, and Reitz. Nays: None. Absent: Trustees Aguilar and Martinucci. Motion carried. 3.3 Trustee Belcaster moved to approve the Minutes of the Special Minutes of Special Closed Closed Meeting held July 10, 2013 as submitted. Trustee Collazo Meeting Held July 10, 2013: seconded the motion. Advisory Vote Student Member Ortiz: Abstain. Ayes: Trustees Belcaster, Collazo, and Cundari. Nays: None. Abstain: Trustee Banks. Present: Trustee Reitz. Absent: Trustees Aguilar and Martinucci. Motion carried. 4.0 There were none. Citizen Comments: 5.0 There was none. Old Business: 6.0 Commendations/Recognitions: 6.1 Members of the 2012-2013 women's Basketball Team were 2012-2013 Women's commended for the recognition bestowed upon them by the Basketball Team: Women's Basketball Coaches Association for ranking 9 th among community colleges for grade point average. 7.0 Reports: 7.1 Trustee Cundari stated that there was no report. ICCTA/ACCT: 7.2 Advisory Voting Student Member Ortiz gave the monthly report Student Member: of student programs and activities. Added to her submitted report was the opportunity she recently had to promote Morton College in the community, which she was so excited to do. 7.3 Dr. Grove announced that Morton College has had a 13.4% Strategic Data and enrollment increase over last fall semester. He noted that it has Evidence Review: been said that a prospective student will decide within seventeen (17) minutes of coming onto a campus whether to attend that college, which speaks directly to the first impression received. Dr. Grove thanked everyone for what they do to make the first impression count, from the first face to the appearance of the campus and its buildings. He also acknowledged Dr. Yesenia Avalos for her contributions with online registration. Arrival of Trustee Aguilar Trustee Aguilar arrived at 5:34 p.m. during President Grove's report.
Regular Board Meeting District 527 Page 4 7.4 Chair Pro Tem Cundari stated that this report is submitted for Friends of Morton College information purposes only. Foundation: 8.0 Finance and Business Matters: 8.1 Trustee Belcaster moved to approve and ratify the Accounts Approval of Accounts Payable, Payable and Payrolls in the amount of $2,312,981 for May 2013 Payrolls, Expenditure Transfers, and in the amount of $2,100,227 for June 2013 and Budget and Budget Transfers: Transfers in the amount of $13,795 for the month of May and in the amount of $29,069 for June 2013 as submitted. Trustee Collazo seconded the motion. 8.2 Trustee Belcaster moved to accept and file for audit the Monthly Monthly Financial Report: Financial Reports for fiscal years to date ending May 2013 and June 2013 as submitted. Trustee Collazo seconded the motion. 8.3 Trustee Belcaster moved to accept and file for audit the Monthly Treasurer s Report: Treasurer s Reports for May 2013 and June 2013 as submitted. Trustee Collazo seconded the motion. 8.4 There were none. Authorization to Purchase and Awarding of Contracts: 9.0 Dr. Grove noted that all the positions are in the budget and to Personnel Matters: address any questions regarding them to him. 9.1 Trustee Belcaster moved to approve the creation of a new, full- New, Professional Staff Position time Professional Staff position of Associate Director of Human Associate Director of Human Resources and the subsequent elimination of the part-time, Class- Resources and the Elimination ified Staff, non-union position of Human Resources Specialist, of the Part-Time, Classified Staff effective September 1, 2013, as submitted. Trustee Collazo Non-Union Position of Human seconded the motion.
Regular Board Meeting District 527 Page 5 Resources Specialist: 9.2 Trustee Belcaster moved to approve the creation of the following New and Additional Full-Time full-time Classified Staff positions: and Part-Time Classified Staff Positions: one (1) new Web Content Developer; one (1) new Campus Police Officer; two (2) additional Evening Custodians; and the creation of the following part-time Classified Staff position of: one (1) new Corporal and the subsequent elimination of the full-time position of Corporal, effective immediately, as submitted. Trustee Collazo seconded the motion. 9.3 Trustee Belcaster moved to approve the Full-Time Employments Full-Time Employment Report: as submitted. Trustee Collazo seconded the motion. Alma A. Delgado, Custodian Evenings, September 1, 2013 Crystal L. Martinez, Custodian Evenings, September 1, 2013 Armando Perez, Campus Police Officer, September 1, 2013 9.4 Trustee Banks moved to approve the addendum to the Faculty Faculty Employment - Employment/Assignment and Class Size Differential Pay Report /Assignment Report, for Summer Semester 2013 in the amount of $30,723.76 as Addendum and Class Size submitted. Trustee Belcaster seconded the motion. Differential Pay Report, Summer Semester 2013:
Regular Board Meeting District 527 Page 6 9.5 Trustee Belcaster moved to approve the recommendation of the Reclassifications: Reclassification Review Committee for the three (3) Local 1600 Classified Staff Federation Employees: Rafael Navarro (parttime), Michelle Herrera, and Eric Porod, as submitted, effective retroactively to July 1, 2013. Trustee Collazo seconded the motion. Dr. Grove stated that the Board-Union Contract spells out reclassifications. Reclassifications with title, duty, and/or range changes: Part-Time Bookstore Service Aide, Range A to Bookstore Support Specialist, Range C Rafael Navarro Administrative Assistant, Range II to Administrative Assistant Deans' Office, Range III Michelle Herrera Testing & Assessment Specialist, Range VI with a salary adjustment only Eric Porod 9.6 The Board received the following Information Only Reports Information Only Reports: as submitted: A. Resignation Report: H. M. Joyce Roland, Academic Skills Center Specialist, August 29, 2013 B. Promotion Report: Chair Pro Tem Cundari announced that receipt of the Promotion Report would be taken up following the Closed Session, Agenda Item 10.24, which followed the President's Report, Section 12.0. C. Part-Time Classified Staff Erika Alonso, Service Aide Academic Advising, July 1, 2013 Employment Report: Ashley De Loera, Service Aide Admissions & Records, July 1, 2013 Evelyn Jaquez, Service Aide Academic Advising, July 1, 2013 10.0 Resolutions and Approvals: 10.1 Trustee Belcaster moved to approve the Resolution Adopting Adoption of Annual Budget the Annual Budget for the Fiscal Year Beginning July 1, 2013 for Fiscal Year 2014: and Ending June 30, 2014 of Illinois Community College District No. 527 as submitted. Trustee Collazo seconded the motion.
Regular Board Meeting District 527 Page 7 Dr. Grove thanks everyone for their efforts in planning and leadership with the budget, especially David Gonzalez and Mireya Perez. 10.2 Trustee Belcaster moved to approve the Resolution In Response Resolution In Response to to Concerns of The Higher Learning Commission and Statement Concerns of The Higher on the 2013 Focus Report and Visit, as submitted. Trustee Learning Commission and Collazo seconded the motion. Statement on the 2013 Focus Report and Visit: Dr. Grove thanked Dr. Keith McLaughlin for his assistance with this item. Statement by Dr. Grove Prior to taking up the following introduction of Board Policies, Regarding the Board Policies Dr. Grove stated that it was strongly recommended by the HLC (Agenda Items 10.3 through to systematically review board policies. We are still in the process 10.9) of doing so, working with ACCT, the board attorney, and others and have found that this process is giving us the opportunity to work with many around the College. Additionally, Dr. Grove noted that many of the policies on the agenda are directly related to governance. He noted that the Board had at their place the Carver Policy Governance monograph with a one-page overview that he invited them to read and consider in approaching their role and responsibilities. A copy of the one-page overview is attached. As a reminder to the Board Policy adoption process, Dr. Grove announced that staff may share their input, questions, or concerns by e-mailing him directly for this purpose no later than Thursday, September 12; all of these proposed Board Policies will be attached to the Highlights that will be posted by the end of the day tomorrow (8/29/13). 10.3 Trustee Belcaster moved to approve the introduction of revised Introduction of Revised Board Policy 1.5.8, Meetings of Special Board Committees, for Board Policy 1.5.8: adoption at the September 25, 2013 Regular Board Meeting as submitted. Trustee Collazo seconded the motion.
Regular Board Meeting District 527 Page 8 10.4 Trustee Belcaster moved to approve the re-introduction of new Introduction of New Board Policy 1.9, Communications by the Board, for adoption at Board Policy 1.9: the September 25, 2013 Regular Board Meeting, as submitted. Trustee Collazo seconded the motion. Dr. Grove advised that this new policy clearly states how questions and the like are to be communicated to the President and the reporting of same to all Trustees. 10.5 Trustee Belcaster moved to approved the re-introduction of Introduction of Revised revised Board Policy 2.3, Duties of the President of the College, Board Policy 2.3: for adoption at the September 25, 2013 Regular Board Meeting as submitted. Trustee Collazo seconded the motion. Dr. Grove noted that there are a few minor corrections, but also a major change regarding an emphasis on the role of the CEO for the day-to-day operations of the College. 10.6 Trustee Belcaster moved to approve the introduction of revised Introduction of Revised Board Policy 2.3.1, Officers of the College, for adoption at the Board Policy 2.3.1: September 25, 2013 Regular Board Meeting, as submitted. Trustee Collazo seconded the motion. Dr. Grove advised that the revisions updates the Officers of the College titles and revises authorized check signatories and amounts. 10.7 Trustee Belcaster moved to approve the introduction to rescind Introduction to Rescind Board Policy 2.7, Communications with the Board by Employees Board Policy 2.7: through the President, for adoption at the September 25, 2013 Regular Board Meeting, as submitted. Trustee Collazo seconded the motion. Dr. Grove advised that this policy is being incorporated into the new Board Policy 8.24 being introduced this evening.
Regular Board Meeting District 527 Page 9 10.8 Trustee Belcaster moved to approve the re-introduction of new Introduction of New Board Policy 8.24, Communication with the Board by Employees Board Policy 8.24: through the President, for adoption at the September 25, 2013 Regular Board Meeting, as submitted. Trustee Collazo seconded the motion. Prior to discussion on this item, Dr. Grove stated that this new Policy is very important, as it clarifies how an employee is to communicate with the Board and the process and reporting of such communication, emphasizing that a Trustee should tell those who approach them regarding the operational side of the College to contact the President; likewise, students should also be told to contact the President. The overall discussion related the Board's responsibilities to its constituencies while being transparent. 10.9 Trustee Belcaster moved to approve the introduction of new Board Introduction of New Policy 8.26, Reporting of Unethical or Illegal Activity, for adoption Board Policy 8.26: at the September 25, 2013 Regular Board Meeting, as submitted. Trustee Collazo seconded the motion. Dr. Grove stated that this policy is also called the "whistleblower" policy and addresses one's obligation to report a wrongdoing without retaliation. Following some discussion, Dr. Grove added that this policy also directs the President to provide the Board with an annual report of complaints received and outcomes. 10.10 Approved by consent see Agenda Item 2.0. Affiliation Agreement with THC Chicago Kindred for the Nursing Program: 10.11 Trustee Belcaster moved to approve the Resolution Adopting the Educational Agreement Agreement with THC Chicago Kindred for the Nursing Program with MRXI Corporation as submitted. Trustee Collazo seconded the motion. and Kushan, LLC for a
Regular Board Meeting District 527 Page 10 Pharmacy Technician Course: 10.12 Approved by consent see Agenda Item 2.0. Agreement, First Addendum, with Dana Grove, President: 10.13 Trustee Belcaster moved to approve changes to the Organization Organization Chart: Chart effective September 1, 2013, as submitted. Trustee Collazo seconded the motion. Dr. Grove advised that the changes are mainly in titles and added that Iris (Nuñez) did a wonderful job getting it together. 10.14 Trustee Belcaster moved to approve the appointment of Mireya Appointment of Mireya Perez Perez to serve as Treasurer of Morton College, effective As Treasurer of Morton College: September 1, 2013. Trustee Collazo seconded the motion. 10.15 Trustee Belcaster moved to approve the continued consulting GW & Associates, PC - services of GW & Associates, PC to provide financial consulting, Continued Financial business analysis, and advising; and further approve the terms of Consulting Services the Letter of Agreement for the period September 1, 2013 through For FY 2014: August 31, 2014 at a cost not to exceed $120,000, as submitted. Trustee Collazo seconded the motion. 10.16 Trustee Belcaster moved to approve the consulting services of PSC Group, LLC for MIS PSC Group, LLC to provide leadership with the Ellucian software Consulting Services for FY 14: implementation and the completion of the Morton College Action Plan with Ellucian at a cost not to exceed $75,000 for FY 2014, as submitted. Trustee Collazo seconded the motion.
Regular Board Meeting District 527 Page 11 Dr. Grove advised that Mr. Jack Leifel is doing an outstanding job and has brought his expertise from his previous position at Moraine (Valley Community College) where he successfully completed their Datatel (Ellucian) implementation as Chief Information Officer. Trustee Cundari asked if the agreement with is compliant regarding HLC concerns. Dr. Grove assured her that we are in compliance. 10.17 Trustee Belcaster moved to approve keeping closed the Closed Determination regarding the Session Minutes of the Board of Trustees of January 2000 through Release of Closed Session May 2013 as submitted; and to preserve the confidentiality of the Minutes: Closed Session Tapes of May 2004 through May 2013 as submitted pursuant to Chapter 5 of the Illinois Compiled Statutes Section 120/2 (c) (16). Trustee Collazo seconded the motion. 10.18 Approved by consent see Agenda Item 2.0. National Association of College Stores, Continued Institutional Membership, FY 14: 10.19 Approved by consent see Agenda Item 2.0. National Alliance of Community and Technical Colleges, Continued Institutional Membership, FY 14: 10.20 Approved by consent see Agenda Item 2.0. Illinois Council of Public Community College Presidents, Continued Institutional Membership, FY 14: 10.21 Approved by consent see Agenda Item 2.0. The Higher Learning Commission (HLC), Continued Institutional Membership, FY 14: 10.22 Approved by consent see Agenda Item 2.0. Illinois Community College Trustees Association (ICCTA), Continued Institutional Membership, FY 14:
Regular Board Meeting District 527 Page 12 10.23 Trustee Belcaster moved to approve a change of time from Regular October 23, 2013 5:00 p.m. to 4:30 p.m. for the Wednesday, October 23, 2013 Meeting of the Board Time Regular Board Meeting. Trustee Collazo seconded the motion. Change: 10.24 Chair Pro Tem Cundari announced that Agenda Item 10.24 Closed, Closed Session: Session, and Agenda Item 10.25, Other Possible Action Subsequent 10.25 to Discussion in Closed Session, would be taken up following 12.0, Other Possible Action President s Report. Subsequent to Closed Session: 11.0 None. Correspondence: 12.0 President s Report: 12.1 Dr. Grove reported on the following campus updates: Campus Update: Fall Semester - Classes started a week ago Monday (added 8/28/13) Noteworthy: Monica Rosas Presentation entitled, "Financial Aid: Developing Strategies That Influence Student Success" was accepted by the National Community College Hispanic Council for its Leadership Symposium being held on September 19-21, 2013 Noteworthy: Denise Bellezzo currently displaying art selections in the art show, "Fragile Relations: Art + Nature + Environment" at the Illinois State Museum in Lockport through October 28 (added 8/28/13) Noteworthy: Adjunct Art Instructor, Jane Stevens, will be participating in a show September 12 at the Ceres Gallery in New York City (added 8/28/13) 12.2 Dr. Grove reported on the following: Informational Items/Articles: Governor Pat Quinn will visit Morton College September 4, 2013 at 10:30 a.m. in the cafeteria; all are invited to hear his announcement Concealed Carry Rules with the new law in effect, the College needs to evaluate its position considering that, although the entire College property is exempt from the carry rules, we need to consider if that will apply to College vehicles being used off campus as well determining the status of off-site facilities that the College may use if the facility is not exempt
Regular Board Meeting District 527 Page 13 12.3 The Board received the Out-of-State Travel Report as submitted. Out-of-State Travel Report: 12.4 The Board received the monthly Community Facilities Usage Community Facilities Report as submitted. Usage Report: 10.24 Trustee Belcaster moved to approve a recess to Closed Session Closed Session: to consider the setting of a price for sale or lease of property (o.p.) owned by Morton College; and to consider the appointment, employment, compensation, discipline, performance, or dismissal of specific employees of Morton College, pursuant to Chapter 5 of the Illinois Compiled Statutes Section 120/2 (c) (6) and (1) respectively. Trustee Collazo seconded the motion. All were in favor. (voice vote) Absent: Trustee Martinucci. Motion carried. Recess: Reconvening: The Board recessed to the Office of the President for Closed Session at 6:15p.m. The Regular Meeting was reconvened at 6:41 p.m. by Chair Pro Tem Cundari. Upon roll call, the following were found present: Trustees Aguilar, Banks, Belcaster, Collazo, Cundari, and Reitz and Advisory Voting Student Member Ortiz. Absent: Trustee Martinucci. 9.6 The Board acknowledged receipt of the Promotion Report as Information Only Reports: submitted: Item B. Promotion Report: Sandra Alcala to Accounting Assistant, September 1, 2013 (o.p.) Mireya Perez to Director of Business Services, September 1, 2013 Marlene Soto to Accounts Payable Clerk, September 1, 2013 Daniel Seropian to Corporal Part-Time, August 29, 2013 Dr. Grove congratulated each on their promotion adding that Mireya not only is moving into an administrator position, but in her new position she is also the Chief Financial Officer of the College. 10.25 The following was taken up as a result of discussion in Closed Action Subsequent to Discussion Session (added 6/26/13): in Closed Session: A. Mireya Perez - Administrator Trustee Belcaster moved to approve the Administrator Employ- Employment Agreement ment Agreement by and between Morton College and Mireya Effective September 1, 2013: Perez as discussed in Closed Session to become effective September 1, 2013; and authorize the President to execute said Agreement. Trustee Collazo seconded the motion
Regular Board Meeting District 527 Page 14 13.0 Trustee Aguilar announced that two (2) Morton College students Board Member Comments: are competing for Queen in the upcoming Mexican Heritage Pageant, September 5. The festival runs September 13 through 15 at Laramie and 34 th Avenue. Other activities: La Pasion de Hidalgo, 6 p.m. September 13 at Morton East High School; Parade, Noon 2:00 p.m. between Austin and 50 th Street on Cermak; and "El Grito" at 7:30 p.m. at the festival. Dr. Grove asked that Karen Querfurth be recognized for the outstanding work that she put into compiling all of the information necessary for this particularly eventful Board packet and meeting. 14.0 Trustee Belcaster moved to adjourn the Regular Meeting of the Adjournment: Board. Trustee Collazo seconded the motion. All were in favor. (voice vote) Absent: Trustee Martinucci. Motion carried. The meeting was adjourned at 6:45 p.m. /s/ Anthony R. Martinucci, Board Chair /s/ Susan L. Banks, Board Secretary
FUNDING SOURCE FISCAL YEAR 2014 OPERATING FUND REVENUE BY SOURCE EDUCATION FUND O&M FUND TOTAL OPERATING REVENUE LOCAL SUPPORT $5,780,000 $1,810,000 $7,590,000 STATE SUPPORT 5,372,788 675,000 $6,047,788 TUITION & FEES 10,177,500 540,000 $10,717,500 OTHER & FEDERAL 80,400 9,500 $89,900 TOTAL REVENUES $21,410,688 $3,034,500 $24,445,188 FY2014 BUDGET OTHER AND FEDERAL 0.4% LOCAL SUPPORT 31.1% TUITION AND FEES 43.8% STATE SUPPORT 24.7%
FISCAL YEAR 2014 OPERATING FUND REVENUE BY SOURCE FISCAL YEARS 2013 AND 2014 FUNDING SOURCE FY2013 BUDGET FY2014 BUDGET PERCENTAGE INCREASE/DECREASE LOCAL SUPPORT $7,420,000 $7,590,000 2.3% STATE SUPPORT 4,620,459 6,047,788 30.9% TUITION & FEES 9,988,600 10,717,500 7.3% OTHER & FEDERAL 73,050 89,900 23.1% TOTAL REVENUES $22,102,109 $24,445,188 10.6% FY2013 BUDGET TUITION & FEES 45.2% OTHER & FEDERAL 0.3% LOCAL SUPPORT 33.6% FY2014 BUDGET TUITION & FEES 43.8% OTHER & FEDERAL 0.4% LOCAL SUPPORT 31.1% STATE SUPPORT 20.9% STATE SUPPORT 24.7%
FISCAL YEAR 2014 OPERATING FUND EXPENDITURES BY OBJECT OBJECT EDUCATION FUND O&M FUND TOTAL OPERATING EXPS SALARIES & BENEFITS $14,434,277 $1,721,276 $16,155,553 CONTRACTUAL SERVICES 2,369,125 473,000 2,842,125 GENERAL MATERIALS & SUPPLIES 1,304,872 168,500 1,473,372 CONFERENCES & MEETINGS 312,145 7,000 319,145 FIXED CHARGES 86,850 0 86,850 UTILITIES 0 770,000 770,000 CAPITAL OUTLAY 40,000 63,000 103,000 OTHER 1,365,000 10,000 1,375,000 TOTAL EXPENDITURES $19,912,269 $3,212,776 $23,125,045 FY2014 BUDGET FIXED CHGS 0.4% UTILITIES 3.3% CONF & MTGS 1.4% CAP OUTLAY 0.4% OTHER 5.9% GEN MAT & SUPPLIES 6.4% CONTR SERVICES 12.3% SALARIES & BENEFITS 69.9%
FISCAL YEAR 2014 OPERATING FUND EXPENDITURES BY OBJECT FISCAL YEARS 2013 AND 2014 OBJECT 2013 BUDGET 2014 BUDGET PERCENTAGE INCREASE/DECREASE SALARIES & BENEFITS $14,903,326 $16,155,553 8.4% CONTRACTUAL SERVICES 2,843,273 2,842,125 0.0% GENERAL MATERIALS & SUPPLIES 1,333,912 1,473,372 10.5% CONFERENCES & MEETINGS 294,345 319,145 8.4% FIXED CHARGES 83,000 86,850 4.6% UTILITIES 840,000 770,000-8.3% CAPITAL OUTLAY 148,000 103,000-30.4% OTHER 670,000 1,375,000 105.2% TOTAL EXPENDITURES $21,115,856 $23,125,045 9.5% FY2013 BUDGET GEN MAT & SUPPLIES 6.3% CONF & MTGS 1.4% FIXED CHGS 0.4% UTILITIES 4.0% CAP OUTLAY 0.7% OTHER 3.1% FY2014 BUDGET CONF & MTGS 1.4% GEN MAT & SUPPLIES 6.4% FIXED CHGS 0.4% UTILITIES 3.3% CAP OUTLAY OTHER 0.4% 5.9% CONTR SERVICES 13.5% SALARIES & BENEFITS 70.6% CONTR SERVICES 12.3% SALARIES & BENEFITS 69.9%
FISCAL YEAR 2014 EDUCATION FUND EXPENDITURES BY OBJECT FISCAL YEARS 2013 AND 2014 OBJECT 2013 BUDGET 2014 BUDGET PERCENTAGE INCREASE/DECREASE SALARIES & BENEFITS $13,379,846 $14,434,277 7.9% CONTRACTUAL SERVICES 2,395,273 2,369,125-1.1% GENERAL MATERIALS & SUPPLIES 1,168,412 1,304,872 11.7% CONFERENCES & MEETINGS 287,345 312,145 8.6% FIXED CHARGES 83,000 86,850 4.6% CAPITAL OUTLAY 60,000 40,000-33.3% OTHER 640,000 1,365,000 113.3% TOTAL EXPENDITURES $18,013,876 $19,912,269 10.5% FY2013 BUDGET [CATEGOR Y NAME] 6.4% CONTR SERVICES 13.3% CONF & MTGS 1.6% FIXED CHGS 0.5% CAP OUTLAY 0.3% OTHER 3.6% [CATEGOR Y NAME] 74.3% FY2014 BUDGET CONF & MTGS 1.6% GEN MAT & SUPPLIES 6.6% CONTR SERVICES 11.9% FIXED CHGS 0.4% CAP OUTLAY 0.2% OTHER 6.9% SALARIES & BENEFITS 72.4%
FISCAL YEAR 2014 O&M FUND EXPENDITURES BY OBJECT FISCAL YEARS 2013 AND 2014 OBJECT 2013 BUDGET 2014 BUDGET PERCENTAGE INCREASE/DECREASE SALARIES & BENEFITS $1,523,480 $1,721,276 13.0% CONTRACTUAL SERVICES 448,000 473,000 5.6% GENERAL MATERIALS & SUPPLIES 165,500 168,500 1.8% CONFERENCES & MEETINGS 7,000 7,000 0.0% UTILITIES 840,000 770,000-8.3% CAPITAL OUTLAY 88,000 63,000-28.4% OTHER 30,000 10,000-66.7% TOTAL EXPENDITURES $3,101,980 $3,212,776 3.6% FY2013 BUDGET UTILITIES 27.1% CONF & MEETINGS 0.2% GEN MATERIALS & SUPPLIES 5.3% CONTR SERVICES 14.5% CAP OUTLAY 2.8% OTHER 1.0% SALARIES & BENEFITS 49.1% FY2014 BUDGET UTILITIES 24.0% CONF & MEETINGS 0.2% GEN MATERIALS & SUPPLIES 5.2% CONTR SERVICES 14.7% CAP OUTLAY 2.0% OTHER 0.3% SALARIES & BENEFITS 53.6%
Financial Outlook & Challenges Balanced Budget Pension Reform Health Care Reform Capital Outlay
MORTON COMMUNITY COLLEGE DISTRICT #527 SCHEDULE OF REVENUES, EXPENDITURES, & CHANGES IN FUND BALANCES (SUMMARY) Year Ending June 30, 2014 (in dollars) General Special Revenue Debt Service Capital Projects Proprietary Nonexpnd Trust Education O&M Restricted Purpose Audit Liability Protection General Obligation O&M (Restr.) Auxiliary Working Cash Total Budget Rev Budget Exp Other Fin. Sources $21,410,688 $3,034,500 $16,038,990 $82,500 $576,000 $470,978 $3,200,000 $2,630,650 $8,000 $47,452,306 (19,912,269) (3,212,776) (16,038,990) (90,000) (858,414) (1,051,183) (5,200,000) (2,530,730) - (48,894,362) 208,000 - - - 300,000 600,000 2,000,000 - - 3,108,000 Other Fin. Uses Rev/ Sources over Exp/Uses Fund Bal July 1, 2013 Estimated Fund Bal June 30, 2014 Estimated (2,900,000) - - - - - - (200,000) (8,000) (3,108,000) $(1,193,581) $(178,276) $- $(7,500) $17,586 $19,795 $- $(100,080) $- $(1,442,056) 7,010,864 1,373,912 21,411 (49,574) 652,282 1,121,588 (72,156) 1,652,819 9,382,285 21,093,431 $5,817,283 $1,195,636 $21,411 $(57,074) $669,868 $1,141,383 $(72,156) $1,552,739 $9,382,285 $19,651,375
Pension Reform Morton College is a participating member of the State University Retirement System of Illinois (SURS). All employer contributions are made by the State of Illinois. On Behalf Payments Made by the State of Illinois 2010 $2,140,925 2011 $2,515,008 2012 $3,253,882
Bond and Interest Detail 2006 Bonds are Non-Callable / 2009 Bonds Callable in 2017 Series 2006 Bonds Maturity Amount Rate 2013 $345,000 4.50% 2014 360,000 4.50% 2015 380,000 4.50% 2016 395,000 4.50% 2017 415,000 4.50% The Series 2006 Bonds are non-callable, limiting the efficiency in refunding these bonds to accommodate new borrowings. These bonds are levied as part of the College s property tax levy. Series 2009 Bonds (ARS) Maturity Amount Rate 2013 $490,000 2.85% 2014 500,000 3.35% 2015 510,000 3.75% 2016 525,000 4.00% 2017 530,000 4.25% 2018 555,000 4.50% 2019 575,000 4.75% The Series 2009 Bonds are callable in 2017. These bonds are annually paid with funds from the College s General Fund and interest earnings from its Working Cash Fund.
The Policy Governance Model an Overview home the model publications events services faq contact us The Authoritative Website for the Carver Policy Governance Model The Policy Governance Model Policy Governance, an integrated board leadership paradigm created by Dr. John Carver, is a groundbreaking model of governance designed to empower boards of directors to fulfill their obligation of accountability for the organizations they govern. As a generic system, it is applicable to the governing body of any enterprise. The model enables the board to focus on the larger issues, to delegate with clarity, to control management's job without meddling, to rigorously evaluate the accomplishment of the organization; to truly lead its organization. In contrast to the approaches typically used by boards, Policy Governance separates issues of organizational purpose (ENDS) from all other organizational issues (MEANS), placing primary importance on those Ends. Policy Governance boards demand accomplishment of purpose, and only limit the staff's available means to those which do not violate the board's pre-stated standards of prudence and ethics. The board's own Means are defined in accordance with the roles of the board, its members, the chair and other officers, and any committees the board may need to help it accomplish its job. This includes the necessity to "speak with one voice". Dissent is expressed during the discussion preceding a vote. Once taken, the board's decisions may subsequently be changed, but are never to be undermined. The board's expectations for itself also set out self-imposed rules regarding the delegation of authority to the staff and the method by which board-stated criteria will be used for evaluation. Policy Governance boards delegate with care. There is no confusion about who is responsible to the board or for what board expectations they are responsible. Double delegation (for example, to a board committee as well as to the CEO) is eliminated. Furthermore, boards that decide to utilize a CEO function are able to hold this one position exclusively accountable. Evaluation, with such carefully stated expectations, is nothing more than seeking an answer to the question, "Have our expectations been met?" The board, having clarified its expectations, can assess performance in that light. This focused approach reduces the mountains of paperwork boards often feel obliged to review. Moreover, those boards which worry that they are only furnished the data management wants to give them find that, in stating their expectations and demanding a relevant and credible accounting of performance, they have effectively taken over control of their major information needs. Their staff no longer has to read their minds. www.carvergovernance.com/model.htm
The Policy Governance Model an Overview Policy Governance is a radical and effective change in the way boards conceive of and do their job. It allows greater accountability. Board leadership isn't just rhetoric. It's a reality. For a comprehensive discussion of Policy Governance, we suggest: Boards That Make A Difference: A New Design for Leadership in Nonprofit and Public Organizations, by John Carver, Reinventing Your Board: A Step by Step Guide to Implementing Policy Governance, by John and Miriam Carver, John Carver on Board Leadership: Selected Writings from the Creator of the World's Most Provocative and Systematic Governance Model, by John Carver, or Corporate Boards That Create Value: Governing Company Performance from the Boardroom, by John Carver with Caroline Oliver. Learn more about these books on the publications page. All are available at josseybass.com. A number of individual articles by John and/or Miriam Carver on corporate, NGO, and governmental governance can be found in John's bibliography or in Miriam's bibliography. Access journal-length articles describing Policy Governance application: in equity corporations "A Theory of Corporate Governance: Finding a New Balance for Boards and Their CEOs" by John Carver in nonprofit (NGO) and governmental organizations "Carver's Policy Governance Model in Nonprofit Organizations" by John Carver and Miriam Carver home the model publications events services faq contact us Copyright John and Miriam Carver, 2013 Policy Governance is a registered service mark of John Carver. E-mail: info@carvergovernance.com Updated: February 25, 2013 Webmaster: exarte Design www.carvergovernance.com/model.htm