Updated Surplus Numbers

Updated Surplus Numbers
Updated Surplus Numbers: Actual surplus 2018 per audit was $85,163.
Boards 2011-2018 implemented policies and procedures with specific goals:
stabilize owner fees, achieve maintenance objectives and achieve annual budget surpluses.
Any surplus was retained by the association.
The board elected in fall 2018 decided to increase owner fees, even in view of a large potential surplus

Average fees prior to 2019

Average fees prior to 2019
Average fees per owner prior to 2019:
RED indicates the consequences had boards continued the fee policies prior to 2010,
BLUE indicates actual fees. These moderated when better policies and financial controls were put in place by boards

Better budgeting could have resulted in lower fees

Better budgeting could have resulted in lower fees
Better budgeting could have resulted in lower fees:
RED line = actual fees enacted by boards,
BLUE line = alternate, fees, ultimately lower with same association income lower had
boards used better financial controls and focused on long term fee stability

Tuesday, July 8, 2014

COD Pushes a New Four Year College Curriculum Agenda


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It seems that COD is doing what was suspected but long denied. It is attempting to formally become a four year college. According to a statement by Robert Breuder the COD president "Currently, I am chairing a group of 15 college presidents who formed a commission to study the feasibility of Illinois community colleges offering select baccalaureate degrees.......the College of DuPage Board of Trustees recently approved a resolution in support of legislation that would allow Illinois community colleges to award Bachelor of Applied Technology (BAT) and/or Bachelor of Applied Science (BAS) degrees."

Here is the full text of the article in the College of DuPage VIEWPOINT dated July 8, 2014

"July 08, 2014 Volume 6, Issue 2
Welcome

Greetings and welcome to the current edition of Viewpoint, a collection of news and information about the developments and innovations occurring at College of DuPage.

With student debt surpassing consumer credit debt for the first time in U.S. history, due to increasing tuition costs and fewer options for borrowing at reasonable interest rates, individuals and state budgets are feeling the financial burden of higher education like never before. Several states are developing programs to address these problems; however, while options such as free tuition and the Pay it Forward, Pay it Back Act offer interesting ideas, serious questions surround the financial sustainability of these programs.

Currently, I am chairing a group of 15 college presidents who formed a commission to study the feasibility of Illinois community colleges offering select baccalaureate degrees. We intend to make a recommendation to the Illinois Council of Community College Presidents on how to proceed. In addition, the College of DuPage Board of Trustees recently approved a resolution in support of legislation that would allow Illinois community colleges to award Bachelor of Applied Technology (BAT) and/or Bachelor of Applied Science (BAS) degrees.

I am pleased with the inception of the committee and the support of the Board members, but we are not there yet. First, we need a change in legislation and support for it from the Illinois Community College Trustees Association, the Illinois Community College Board and the Illinois Board of Higher Education. Then, finally, we need approval by the state legislature.

We can also expect backlash from universities that have a vested interest in being the sole purveyors of baccalaureate degrees. However, this backlash will be unwarranted. We are not suggesting duplication or replication of programs that are already provided. We are talking about meeting the needs of students and businesses in our community that are not being met. It is time to put the interests and needs of students, employers and the community above the financial interests of universities. If schools such as College of DuPage have the necessary resources, there is no reason why we should stay out of this arena – especially at a time when, more than ever before, parents and students are looking for a strong return on their investment in higher education.

Since 2001, when Florida first implemented this ground-breaking legislation, 22 states in the U.S. have jumped on board and two others are on the cusp. Clearly, this national movement will continue to gain momentum. It is time for Illinois to put into place what is destined to become policy for all two-year schools across the nation.

Sincerely,

Dr. Robert L. Breuder, President"


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