AGENDA
PUBLIC COMMENTS: The public will have an opportunity during the Public Comments portion of the meeting to provide public comments (both general and specific to any agenda item) by calling the toll-free phone line 1-877-568-4106 and entering access code 310-594-181, between 12:30 p.m. and 12:45 p.m. on the date of the meeting, and registering by providing the DMC staff member on the phone line with the following:
a. Name b. Subject of Public Comment (if related to an Agenda item)
After 12:45 p.m., public comment registration will close and the DMC staff member monitoring the toll-free phone line will mute all callers on the line until the Public Comments portion of the meeting. At that time, registered callers will be allowed three (3) minutes to make comments.
RECOGNITIONS:
• Benita Flores-Munoz, Associate Professor of Child Development/Early Childhood, appointed to serve on the National Association for the Education of Young Children (NAEYC) Commission on the Accreditation of Early Childhood Higher Education Programs….……………………………………………………………..Dr. Jonda Halcomb (Goal 4: Learning Environments)
• Kiwana Denson, Director of Strategic Initiatives, received 2021 Y Women in Careers Honoree…………………………………………………..………………..Ms. Lenora Keas (Goal 4: Learning Environments)
STUDENT SUCCESS REPORT……………....…...………..Dr. Jonda Halcomb and Dr. Rito Silva
• Police Academy Licensure Rate (Goal 5: Workforce Development, Community Partnerships, and Advocacy)
COLLEGE PRESIDENT’S REPORT………………………….…...………….Dr. Mark Escamilla
• Campus Wide Update (Goal 4: Learning Environments)
STAFF REPORTS:
• DMC Rebranding Process…………………………………………….Ms. Lorette Williams (Goal 4: Learning Environments)
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• Legislative Update………………………………………………………Dr. Natalie Villarreal (Goal 5: Workforce Development, Community Partnerships, and Advocacy)
• Popular Annual Financial Report FY 2020.….……Ms. Lorette Williams and Mr. Raul Garcia (Goal 6: Financial Effectiveness and Affordability)
• Aransas County Workforce Development and Entrepreneur Center.………Ms. Lenora Keas (Goal 5: Workforce Development, Community Partnerships, and Advocacy)
PENDING BUSINESS:
Status Report on Requested Information (Goal 5: Workforce Development, Community Partnerships, and Advocacy)
CONSENT AGENDA
Notice to the Public The following items are of a routine or administrative nature. The Board of Regents has been furnished with background and support material on each item, and/or it has been discussed at a previous meeting. All items will be acted upon by one vote without being discussed separately unless requested by a Board member or a citizen, in which event the item(s) will immediately be withdrawn for individual consideration in their normal sequence after the items not requiring separate discussion have been acted upon. The remaining items will be adopted by one vote.
CONSENT MOTIONS: (At this point the Board will vote on all motions not removed for individual consideration.)
ITEMS FOR DISCUSSION AND POSSIBLE ACTION:
1. Approval of Minutes: Workshop, November 10, 2020 Regular Board Meeting, November 10, 2020 Called Meeting, November 13, 2020 Workshop, December 8, 2020 Regular Board Meeting, December 8, 2020 (Goal 5: Workforce Development, Community Partnerships, and Advocacy)
2. Acceptance of Investments for December 2020 and January 2021 (Goal 6: Financial Effectiveness and Affordability)
3. Acceptance of Financials for December 2020 (Goal 6: Financial Effectiveness and Affordability)
Public comments for consent agenda items
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REGULAR AGENDA
4. Discussion and possible action relating to resignation of Regent Elva Estrada and status of District 3 Regent position……………………Ms. Carol Scott and Mr. Augustin Rivera, Jr. (Goal 5: Workforce Development, Community Partnerships, and Advocacy)
Public comments for this agenda item
5. Discussion and possible action related to the appointment of a representative to the Board of Tax Increment Reinvestment Zone (TIRZ) #2……...………………….....…..Ms. Carol Scott (Goal 5: Workforce Development, Community Partnerships, and Advocacy)
Public comments for this agenda item
6. Discussion and possible action regarding a tuition rate change for the 2021-2022 academic year…………………………………………………………………………Mr. Raul Garcia (Goal 6: Financial Effectiveness and Affordability)
Public comments for this agenda item
7. Discussion and possible action regarding the College’s Quarterly Investment Report for the period ending November 30, 2020……………………….……………Mr. Raul Garcia (Goal 6: Financial Effectiveness and Affordability)
Public comments for this agenda item
8. Discussion and possible action regarding the College’s Quarterly Financial Report for the period ending November 30, 2020………..…………...... ………………Mr. Raul Garcia (Goal 6: Financial Effectiveness and Affordability)
Public comments for this agenda item
9. Discussion and possible action regarding resolution authorizing creation of DMC Police Department……………………………………………..…………..Ms. Tammy McDonald (Goal 4: Learning Environments)
Public comments for this agenda item
10. Discussion and possible action relating to the award of IFB #2020-03, Asbestos Abatement for Heritage Hall Building…………………..………………..Mr. John Strybos (Goal 4: Learning Environments)
Public comments for this agenda item
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11. Discussion and possible action related to proposed naming for gift of significance ……………………… ……………………………………………….Ms. Mary McQueen (Goal 6: Financial Effectiveness and Affordability)
Public comments for this agenda item
12. CLOSED SESSION pursuant to:
A. TEX. GOV’T CODE § 551.072: (Deliberation Regarding Real Property), regarding the deliberation of the purchase, exchange, lease, or value of real property; with possible discussion and action in open session; B. TEX. GOV'T CODE § 551.071: (Consultation with legal counsel), regarding pending or contemplated litigation or claims, or a settlement offer, with possible discussion and action in open session; and, the seeking of legal advice from counsel on pending legal or contemplated matters or claims, with possible discussion and action in open session; C. TEX. GOV’T CODE § 551.087: (Deliberation Regarding Economic Development), regarding the discussion or deliberation of information and/or an offer of a financial or other incentive received from a business prospect engaged in economic development negotiations with Del Mar College, with possible discussion and action in open session; and, D. TEX. GOV’T CODE § 551.074(a)(1): (Personnel Matters), regarding the appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of a public officer or employee, with possible discussion and action in open session.
CALENDAR: Discussion and possible action related to calendaring dates.
ADJOURNMENT
PUBLIC NOTICE is given that the Board may elect to go into executive session at any time during the meeting in order to discuss matters listed on the agenda, when authorized by the revisions of the Open Meetings Act, Chapter 551, of Texas Government Code.
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DMC Rebranding Process Plan Update February 9, 2021 General Timeline Southside Campus Communication Plan
PHASE ONE: Fall 2020-Summer 2021 FOCUS: develop and finalize a DMC rebranding process
PHASE TWO: Summer 2021-Opening FOCUS: increase public awareness related to the southside campus and its course offerings
PHASE THREE: Spring 2022-Opening FOCUS: target prospective students with clearly defined recruitment tactics
MAINTENANCE PHASE: Campus opening (2022) and beyond FOCUS: monitor feedback and recruitment/retention efforts Recommended Rebranding Process
GOAL: Implement a rebranding process inclusive of Campus and community stakeholder feedback, which results in the adoption of an updated College logo and sub-brands for individual College campuses and educational centers. Recommended Rebranding Process
OBJECTIVES: O1: Campus/Community Engagement: Develop online community engagement platform to solicit input and feedback from campus and community stakeholder groups.
O2: Campus Branding: Develop parameters for sub-brands that are in compliance with Board Policy B3.7.
O3: College Branding: Update the College’s logo or graphic wordmark to reflect a contemporary and forward-facing brand.
O4: Timeline: Establish a rebranding process timeline which includes stakeholder input/feedback, creative concepting and final approval by the DMC Board of Regents. Recommended Rebranding Process OBJECTIVES: O1: Campus/Community Engagement: Develop online community engagement platform to solicit input and feedback from campus and community stakeholder groups. March 23-25:Campus March 30-31:Community General employees General public Dean’s Council/Exec Team Legislators/Public Officials Chair’s Council/Faculty Council Chamber/Industry/Business Community Exempt Council Foundation BOD/Donors Non-exempt council ISD’s/Higher Ed NGLA Students-East Campus Students-West Campus SGA Retirees Recommended Rebranding Process
OBJECTIVES: O2: Campus Branding: Develop parameters for sub-brands that are in compliance with Board Policy B3.7.
Board Policy B3.7 Rebranding Advisory Group o Geographic o Includes cross-section of employees o Functional o Ensures consideration of college historical o Related Descriptions and cultural attributes Recommended Rebranding Process OBJECTIVES: O3: College Branding: Update the College’s logo or graphic wordmark to reflect a contemporary and forward-facing brand.
Will include: o Update of the College’s logo and tagline
Won’t include: o Changing the name of the College o Changing the College Mascot name or likeness Rebranding Roadmap: JANUARY-APRIL
Advisory 27 Creative Group Mtg #1 Week of Advisory 1-30 3/15 Concepting Review purpose, objectives Group Mtg #3 Anderson Marketing Group Introduce categories + themes Review focus group presentations
Focus Groups 09 BOR Update 23-25 Staff Report on process (Internal) Follow-up feedback survey
Week of Advisory Focus Groups 30-31 2/15 Group Mtg #2 (External) Narrow theme selections Follow-up feedback survey Review focus group agenda
JAN 2021 FEB 2021 MAR 2021 APRIL 2021 Rebranding Roadmap: MAY-AUGUST
Week of Advisory 1-15 Final Online BOR approve 5/10 Group Mtg #4 Survey 1-30 final branding Review creative concepting Internal survey only Internal survey results shared Provide feedback Vote for one option Final branding revealed
Final Creative Finalize August 1-31 17-31 Concepting Anderson Marketing Group Board Presentation Provide final two options No July BOR meeting
MAY 2021 JUNE 2021 JULY 2021 AUG 2021 Next Steps
Work with Rebranding Advisory Group to establish focus group parameters and format
Promotion of online focus group meetings
DEL MAR COLLEGE Board of Regents
LEGISLATIVE UPDATE February 9th, 2021
Natalie C. Villarreal, Ed.D. 87th Texas State Legislature
• Governor Abbott Priorities • TACC/CCATT/TCCTA Revised Agenda • Appropriations • Testimonies • Virtual DMC Day • Community College Day • CCATT/BOTI Webinar Series
117th National Congress January 3rd, 2021- January 3rd, 2023
• AACC/ACCT Joint Legislation • CARES ACT/Stimulus ACT • ACCT Virtual National Legislative Summit • Webinar Series American Association of Community Colleges/ Association of Community College Trustees 2021-2022 LEGISLATIVE AGENDA
• Federal Pell Grants • Workforce Development, Adult Basic • Funding for Federal Student Financial Education, and Career & Technical Aid & Institutional Aid Programs Education • Higher Education Reauthorization ACT • Higher Education Tax Benefits for Low- • Institutional Accountability & Promoting Income Students Student Success • Veterans • Innovation & Compliance • DREAM Act & Immigration Policy • Access to Basic Need Services & Low • International Education Programs Income Students • Infrastructure Q&A JOINT LEGISLATIVE AGENDA FOR THE 117th CONGRESS (2021-2022) Advancing America’s Community Colleges COMMUNITY COLLEGE FACTS & STATS
Total Number of Community Colleges Representation of Community College • 1,050 Students Among Undergraduates • 41% All U.S. Undergraduates
Total Enrollment (Fall 2018) Degrees and Certificates Awarded (2017- • 6.8 million Credit 2018) • 5.0 million Non-credit • 881,119 Associate Degrees • 11.8 million Total • 618,772 Certificates
Students Enrolled for Credit Student Demographics (full-time and part-time) • 57% Women • 2.4 million Full-time (36%) • 43% Men • 4.4 million Part-time (64%) • 28 - Average Age • 29% First Generation • 26% Parents • 5% Veterans
Race and Ethnicity Working Students • 45% White • 31% Full-time • 13% Black or African American • 37% Part-time • 26% Hispanic or Latino • 6% Asian/Pacific Islander • 1% Native American or Alaska Native
Average Cost of Attendance Percentage of Students Receiving Aid (Full-Time, 2020-2021) (Grants, Loans, State, Institutional) • $3,770 Tuition and Fees • 59% Any Aid • $9,080 Room and Board • 34% Federal Grants • $1,460 Books and Supplies • 15% Federal Loans • $4,240 Transportation and Other Expenses • 22% State Aid • $18,550 Full Cost of Attendance • 7% Institutional Aid
SOURCES: https://www.aacc.nche.edu/wp-content/uploads/2020/03/AACC_Fast_Facts_2020_Final.pdf https://research.collegeboard.org/pdf/trends-college-pricing-student-aid-2020.pdf https://nces.ed.gov/datalab/powerstats/percentdistribution.aspx (Undergraduates 2015-16) COMMUNITY COLLEGE FEDERAL LEGISLATIVE PRIORITIES
The American Association of Community Colleges • Simplify the FAFSA process to support greater (AACC) and the Association of Community College community college student participation in federal Trustees (ACCT) support the following legislative student aid programs. priorities for the 117th Congress. • Examine the federal needs analysis system to ensure that working students, particularly those providing Federal Pell Grants for families, receive adequate support. • Preserve and enhance the Federal Pell Grant • Reform the allocation formulas for the FSEOG and program, which is the foundation of student aid FWS programs to distribute funds based on student for millions of financially needy undergraduate and family finances. college students. • Restore full Title IV student aid eligibility for • Extend Pell Grant eligibility to short-term training community college students who lack a high school programs offered by institutions of higher education. diploma or its equivalent but have demonstrated • Increase the maximum Pell Grant annually to maintain their ability to benefit from postsecondary education its purchasing power. through successful coursework. • Extend Pell Grant eligibility to incarcerated students, • Create a federal-state partnership that provides also known as Second Chance Pell. federal support to states that make community college tuition-free for all students. • Increase lifetime Pell Grant eligibility to 14 semesters (full-time equivalent). Institutional Accountability and Promoting • Ensure Pell Grant reserve funds remain dedicated to Student Success the Pell Grant program to safeguard the program’s future financial stability. • Create a federal student unit record system to collect and generate accurate and meaningful student-level data on postsecondary outcomes and earnings. Funding for Federal Student Financial Aid and • Establish more accurate measures of community Institutional Aid Programs college success by counting in the graduation rate • Support federal investments in higher education by students who complete within six years and those providing sufficient funding allocations for domestic who transfer to other colleges. discretionary programs. • Replace the current Cohort Default Rate with an • Support the Federal Supplemental Educational institutional accountability metric that reflects rates of Opportunity Grant (FSEOG) and Federal Work-Study student borrowing. (FWS) programs, which enhance community college • Reject risk sharing proposals that impose financial student enrollment and success. penalties on community colleges. • Increase funding for vital institutional aid programs, • Support an independent accreditation process that including the Strengthening Institutions (Title III-A of provides necessary quality assurance for the federal the HEA), Developing Hispanic-Serving Institutions, government and other stakeholders without limiting Tribal Colleges and Universities, Historically Black autonomy or hindering innovation. Colleges and Universities, Asian American and Native American Pacific Islander Serving Institutions, and Innovation and Compliance Predominantly Black Institutions programs. • Streamline federal reporting and disclosure • Strengthen TRIO, GEAR UP, CCAMPIS, and requirements and lighten the federal regulatory other student support programs that help burden wherever possible; ensure that the community colleges meet the needs of diverse, Department of Education works with colleges in a historically underrepresented, and economically positive, partnership-oriented fashion. disadvantaged populations. • Develop Title IX policies that enhance student safety Higher Education Act (HEA) Reauthorization and clarify institutional responsibilities, while taking Student Financing, Access, and Affordability into account the unique features of community college campuses. • Support responsible student borrowing by tying borrowing limits to enrollment intensity, giving institutions more authority to limit borrowing in defined circumstances, and allowing institutions to require additional loan counseling. COMMUNITY COLLEGE FEDERAL LEGISLATIVE PRIORITIES
• Encourage quality innovations in higher education, • Ensure that community college Pell Grant recipients including competency-based education, dual fully qualify for the AOTC by making Pell Grants enrollment, guided pathways, new credentials, and non- taxable. other educational advancements. • Uphold certain student protections such as the Veterans “90/10” rule, which requires that for-profit institutions • Fund new and existing programs to help institutions derive at least 10% of their overall funding from non- better serve the needs of veteran students. Title IV sources. • Ensure that active duty personnel and their dependents can fully participate in community Access to Basic Needs Services for college educational programs. Low-Income Students • Enact reforms that help veterans choose the • Enact policies that allow severely financially educational program best suited to their needs and disadvantaged community college students with to prevent their exploitation. unmet need to access programs providing food, housing, medical care, including mental health DREAM Act and Immigration Policy services, and other basic needs. Due in large part to • Enact legislation that would establish a path to a lack of information and work requirements for non- citizenship for qualifying undocumented students parenting students, less than half of food-insecure who entered the U.S. as minors. students receive help from SNAP. • Eliminate federal restrictions on states that offer in- state tuition to undocumented students. Workforce Development, Adult Basic Education and • Make DREAM Act students eligible for federal Career and Technical Education student financial aid. • Increase funding for the Strengthening Community • Ensure that Title IV student aid is not included in the College Training Grants program. “public charge” test applied to individuals seeking • Increase funding for state grants under the Carl D. admission into the U.S. or seeking to change their Perkins Career and Technical Education Act (CTE), the current immigration status. occupational and adult basic education programs in the Workforce Innovation and Opportunity Act International Education Programs (WIOA), the Advanced Technological Education (ATE) program at the National Science Foundation, • Increase opportunities for community college students and include community colleges in efforts to bolster to study abroad and encourage international students America’s competitiveness in science, technology, to enroll in community colleges. engineering, and mathematics (STEM) fields. • Increase funding for the HEA Title VI and Fulbright • Foster rural economic development by providing Hays undergraduate international education adequate federal resources for essential programs programs, which are vital to national security and addressing rural education, rural health care, economic productivity. renewable energy, and rural workforce development. • Improve the F1 student visa approval process to • Ensure that community colleges and their students, ensure all international students have the opportunity can access technology equipment, including high- to access U.S. education and training programs. speed broadband internet services. Infrastructure Higher Education Tax Benefits for • Ensure that a portion of any federal infrastructure Low-Income Students package is dedicated to community college facilities • Improve the Lifetime Learning Credit for community and workforce training programs to expand the college students by covering 100% of the first $2,000 number of skilled workers necessary to upgrade our of expenses for technical education programs. nation’s infrastructure. • Enhance the targeting of the American Opportunity Tax Credit (AOTC) on students with the greatest financial need and increase the refundable portion of the credit. Association of Community College Trustees
J. Noah Brown, President and CEO Jee Hang Lee , Senior Vice President
Katie Brown, Director of Government Relations
José Miranda, Senior Government Relations Associate Allison Beer, Senior Policy Analyst
A: 1101 17th Street NW, Suite 300 | Washington, D.C. 20036 P: (202) 775-4667 | E: [email protected] www.acct.org
American Association of Community Colleges Dr. Walter G. Bumphus, President & CEO
David Baime, Senior Vice President for Government Relations & Policy Analysis
James (Jim) Hermes, Associate Vice President for Government Relations
Jolanta (JJ) Juszkiewicz, Director of Policy Analysis
A: One Dupont Circle NW, Suite 410 | Washington, DC 20036
P: 202-728-0200 | www.aacc.nche.edu Texas Association of Community Colleges 87th Legislative Session Policy Priorities
INVESTING IN Recommendations COMMUNITY COLLEGES 1. Propose overall funding for FYs 2022-2023 to (Formula Funding) equal the FYs 2020-2021 funding level, or $1,833.2M and give priority to the rate of $215 per Student 1 Success Point and an increase in Core Operations The Association adopted formula funding recommendations informed by the findings of the Community and Technical to support college stabilization, providing for $2M College Formula Advisory Committee (CTCFAC). However, the per college. Remaining funds would be allocated CTCFAC concluded its work prior to the onset of the COVID-19 through the contact hour formula. pandemic when expectations for the 87th Legislature were optimistic. Considering current circumstances, TACC recommends 2. Propose exceptional funding of $50M, requested an increase in appropriation for core operations to support as $1M non-formula support items at each of the 50 stabilization of college operations in the wake of the COVID-19 college districts, to support a new state workforce pandemic. Initiative.
Summary of Recommendations
2020-2021 2022-23 Legislative Amount Percent Appropriations Appropriation Change Change (millions) Request (millions) (millions)
Core Operations $68.0 $100 $32 47.1%
Success Points $228.3 $282.8 $54.5 23.9%
Contact Hours $1,533.7 $1,447.2 ($-86.5) (-5.6%) Bachelor of Applied Technology $3.2 $3.2 $0 NEW: Workforce Initiative $0 $50 $50 TOTAL $1,833.2 Formula - $1,833.2 Total - $1,883.2
Performance-Based Funding Progression Credentials/Transfer Complete Transfer w/ 15 (Student Success Points) semester credit 2.00 0.5 0.5 15 credit hrs. 1.0 0.5 hours The Association approved the Student Success Point improvements as proposed by the CTCFAC and TACC Complete Metrics Task Force. Revisions to the metrics include 1.0 Degree/ 30 credit hrs. Certificate updating the critical fields component and weighting awarded 2.0 0.5 0.5 certain points to better acknowledge the additional Additional weight for students whose resources needed to support economically and first completed 15 semester credit hours come from dual credit. Degree/ academically at-risk students. certificate awarded in critical 2.25 0.5 0.5 Additional weight for academically disadvantaged field students and economically disadvantaged students upon [TARGETED] View Full Taskforce Report Here credential completion or university transfer Recommendations
• Design sustainable talent pipelines to fill critical WORKFORCE & ECONOMIC regional workforce needs and provide ongoing support to Texas businesses and the state’s economic recovery. RECOVERY POLICY • Expand employer-informed micro-credentials and 2 short-term certificates that will enable displaced The Association recommends supporting the Texas Reskilling & and underemployed workers to lead fulfilling and Upskilling through Education (TRUE) initiative, and specifically seeking economically self-sufficient lives by getting them statutory authority to create a state fund to support the program. To work-ready in as little as a few weeks to six months. achieve the dual goals of workforce and economic recovery, TRUE recommends the following: • Identify high-demand, short-term credentials to be recognized as a part of the 60X30TX Plan for Higher Education.
TRUE: Texas Reskilling & Upskilling through Education
Te as Employer
Adult Students isplaced orkers Community Colleges G R S E S T CE ER UC T S
Career Path ays Credentials
Small Business Development Centers
Small Business Development Centers (SBDC) help new entrepreneurs build their businesses and strengthen existing businesses by providing free consulting and affordable training seminars. A 2016 national independent study found that for every $1.00 invested in Texas SBDCs, a return of $7.92 is generated. TACC recommends maintaining stable funding for SBDCs, potentially by identifying a new method of finance other than the current non-formula support at institutions of higher education.
The national Small Business Development Center program was legislated via the Small Business Act of 1976 as a program of the U.S. Small Business Administration. Combined, they manage the 50+ field Centers in urban and rural Texas. SBDCs provide hands-on guidance, which leads to greater prosperity via job creation, increased capital access and other small business growth.
Popular Annual Financial Report FY 20
February 9, 2021 Raul Garcia, Vice President and Chief Financial Officer Lorette Williams, Executive Director of Communications and Marketing Purpose of PAFR
The purpose of the Popular Annual Financial Report (PAFR) is to provide a simplified, condensed overview of the financial position of Del Mar College, as reported in the College’s Comprehensive Annual Financial Report (CAFR), along with other information of interest. PAFR Contents
• Fiscal and College Highlights • Condensed/Summarized Financials Including: • Financial Report • Revenues by Source • Financial Aid • District Tax • Expenses by Type • Expenses by Cost College & Financial Highlights
• Condensed monthly college highlights to three major highlights due to feedback received from the GFOA for previous PAFR submissions.
• An addition this year is a section about DMC's fiscal highlights to further refine the PAFR into a condensed financial document. PAFR Distribution
• Printed copies provided to Board of Regents • PDF version is sent for ADA remediation to publish on: • DMC Website • Social Media Questions? 101 BALDWIN BLVD. CORPUS CHRISTI, TX 78404
3 President’s Letter
4 2019-2020 Board of Regents
5 INSTITUTIONAL HIGHLIGHTS
8 FINANCIALS: FISCAL HIGHLIGHTS
9 FINANCIALS: Financial Report
11 FINANCIALS: Revenues by Source
12 FINANCIALS: Financial Aid & District Tax
13 FINANCIALS: Expenses by Type
14 FINANCIALS: Expenses by Cost
The financial information provided in this document is derived from information found in Del Mar College’s Comprehensive Annual Financial Report (CAFR).
To view the Comprehensive Annual Financial Report, which contains more detailed information, please visit www.delmar.edu/offices/cfo/
To request a printed copy of the CAFR, please email [email protected] 3 PRESIDENT’S MESSAGE
The past year was certainly one for the books at Del Mar College. Everything changed in March 2020 with the onset of the COVID-19 pandemic. Despite the challenges of a worldwide crisis – which are still upon us – we rose to the occasion, adapting to the new environment and never ceasing to serve our students.
While our accomplishments from 2019-2020 include more than crisis response, the measures we took in the face of the pandemic were extraordinary. We converted to totally online instruction after spring break, established free Wi-Fi hotspots in our parking lots for our community and rapidly dispersed over $4 million in CARES Act funds to our students. The DMC Foundation provided $1.2 million in emergency financial aid to over 3,400 students to help them continue spring classes throughout the hardships of the pandemic. And in May 2020, we held what would be our first virtual commencement ceremony. I will forever be proud of our performance in these trying times.
Pre-pandemic, DMC received a nearly $2.9 million Title V grant from the U.S Department of Education to support Project SENDA (Students Engaged in Direct Advising), an initiative that’s leading more of our students down a path to success. The five-year grant began on Oct. 1, 2019.
There was outstanding progress on new DMC facilities. In December 2019, we celebrated the beginning of construction at our future Southside campus, which is projected to be complete in 2022. The following spring, we opened the General Academic and Music Building on the East Campus, the largest project of the voter-approved 2014 Capital Improvement Program.
Please enjoy some of the highlights from the 2019-2020 academic year.
Thank you,
Mark Escamilla, Ph.D. President and CEO [email protected] (361) 698-1203 BOARD OF REGENTS 4
Carol A. Scott Dr. Nicholas A. Adame Dr. Mary Sherwood Chair Second Vice Chair Secretary
Libby Averyt Ed Bennett Elva Estrada
Rudy Garza, Jr. Susan Hutchinson Hector Salinas BIOLOGY PROFESSOR “ROB” HATHERILL RECEIVES U.S. PRESIDENTIAL AWARD IN EXCELLENCE IN SCIENCE, MATHEMATICS AND ENGINEERING MENTORING
The White House Dr. Hatherill’s innovative approach provides and National Science students with hands-on research experiences Foundation announced and led the College to become one of the their selections. John first community colleges accepted into the Robert “Rob” Hatherill, Howard Hughes Medical Institute Science Ph.D., a Biology Professor Education Alliance Phage Hunters program. with the Natural Sciences Department, was a Dr. Hatherill and Associate Professor of recipient of the U.S. Biotechnology Daiyuan ““Daisy” Zhang, Ph.D., Presidential Award in Excellence in Science, continue to build the DMC Biosciences Mathematics and Engineering Mentoring. Programs. Biotechnology majors have put Texas is one of only 13 states with recipients in Del Mar College on the map at national and this award category, and Dr. Hatherill is one of international levels. More than 30 students two representing the state. have won first or second place during undergraduate research competitions that The award recognizes the critical role Dr. have included students from Ivy League Hatherill plays as “a mentor outside the institutions. traditional classroom setting in the academic and professional development of the future STEM workforce.”
U.S. DEPARTMENT OF EDUCATION AWARDS NEARLY $2.9 MILLION TITLE V GRANT FOR DMC’S NEW PROJECT SENDA INITIATIVE In Spanish, “senda” means path. Del Mar College received nearly $2.9 million as a U.S. As a designated Hispanic Serving Institution, Department of Education Title V grant that DMC’s faculty-embedded direct-advising supports the College’s new Project SENDA program expands this targeted student (Students Engaged in Direct Advising) initiative population’s attainment of post-secondary that’s designed to lead more students down a degrees through greater persistence, focus path to success. and pursuit of studies at the baccalaureate level. Project SENDA also focuses on meeting The five-year grant began Oct. 1, 2019, with key goals that include reducing completion DMC receiving almost $600,000 each year time, reducing the average number of credits to support project components. The College students take toward degree completion and is one of 31 institutions out of 400 applicants reducing students’ debt. nationwide to receive the Title V grant. DEL MAR COLLEGE CELEBRATES “NEW ERA” AS SOUTHSIDE CAMPUS CONSTRUCTION GETS UNDERWAY Envisioning a Southside presence began in Construction of a new campus hasn’t occurred 2009. Ten years later, the Del Mar College since the College began building in 1958 what Board of Regents, College leadership and is now the West Campus. employees and invited guests marked a new era in the community college’s history –– Infrastructure and Central Plant foundational construction of a new campus in work was already underway during Corpus Christi. the Southside Campus Project Celebration. The Board of Where farm fields, chicken Regents’ final design, budget coops and livestock used and contractor approval to reside, the College The landscape of Corpus in early October 2019 held a Southside Christi’s Southside is changing moved the project Campus Project forward for construction Celebration on Dec. for good, and with it, the of the Main, STEM 2, 2019, on the 96- educational offerings at Del Mar (Science, Technology, acre site where the College are taking a leap into the Engineering and campus will sit at Mathematics) and Yorktown Boulevard future. Hospitality and Culinary and Rodd Field Road. Institute facilities, known Carol A. Scott, DMC Board of DMC District taxpayers Regents Chairwoman as Centers for Excellence approved the $139 million that will house signature Capital Improvement Project programs such as architecture bond referendum supporting and drafting, biosciences and construction of the new campus in culinary arts. November 2016.
• Del Mar College issued Limited Tax Bond, Series 2020A and 2020B obligations valued at $78.4 million, which are the final issuances of the 2014 and 2016 voter- approved bond referendums to fund DMC’s multi-year Capital Improvement Program (CIP) valued at $296 million. Frontline student service employees, administrators, faculty, students and the Board of Regents collaborated to develop the student-centric CIP with consideration focused on students’ educational attainment and lifelong learning needs, improving learning environments and enhancing student life.
• During fiscal year 2020, new instructional space opened, including the General Academic Music Building Phase II on the East Campus and the Emerging Technologies Building expansion and the Workforce Development Center on the West Campus. These CIP projects were funded by the $157 million bond referendum passed by DMC District voters in 2014. Construction of the College’s new campus began on Corpus Christi’s Southside at Yorktown Boulevard and Rodd Field Road, which is funded by the 2016 voter-approved $139 million bond referendum.
• Del Mar College secured three major grants during fiscal year 2020 that support the institution’s forward-value position focused on student success in a healthy and safe environment. These U.S. Department of Education grants totaling $8.3 million include $1.3 million for the College’s TRIO Program, a $2.9 million Title V grant for the DMC Project SENDA (Students Engaged in Direct Advising) initiative and a $4.1 million Higher Education Emergency Relief Fund grant appropriated by the U.S. Congress Coronavirus Aid, Relief and Economic Security (CARES) Act.
• Del Mar College’s financial outlook weighs on the uncertainty and longevity of the COVID-19 pandemic and economic downturn caused by this crisis. To maintain financial flexibility that sufficiently supports the College’s mission throughout the crisis, DMC established a Risk Reserve Fund valued at $9 million.
• During fiscal year 2020, the College received the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting for DMC’S 2019 Comprehensive Annual Financial Report (CAFR). The annual CAFR and GFOA’s award represent Del Mar College’s adherence to the highest level of financial reporting. 9 FINANCIAL REPORT
FINANCIAL REPORT
Del Mar College remains fiscally sound. A complete financial condition and history based on assets, liabilities and net assets for all funds and account groups is detailed extensively for each of these years in the College’s Popular Annual Financial Report and Comprehensive Annual Financial Report for 2020.
ASSETS Current assets are those resources reasonably available within one year. Unlike other forms of assets, cash and equivalents, such as checking account balances and demand deposits, can be used immediately for current operational needs, such as meeting the payroll or paying vendors. Short-term investments represent the College’s holdings in allowable financial instruments due within one year. Receivables represent those monies due to the College but not yet available for use: examples include property taxes not yet paid and accrued interest.
Noncurrent assets are the College’s long-term financial and plant resources. Restricted cash is the College’s endowed scholarship funds transferred to the Foundation in 2020. Plant and equipment account for the College’s equity in land, buildings, real estate improvements (such as roads and security lighting) and capital equipment expenditures such as computer network servers and digital projectors.
LIABILITIES Current liabilities are short-term obligations. Accrued payroll, accounts payable, and other accrued liabilities represent amounts due to employees or vendors for services, supplies or equipment provided to the College. Unearned revenues include property taxes and student tuition billed for the fall term and not yet earned.
Noncurrent liabilities represent long-term obligations, usually due over a number of years.
NET POSITION Net position is the accumulated resources invested in plant and equipment.
PROPERTY TAXES The local property owners provide almost 53.7% of total resources for the fiscal year 2020. However, for a typical homeowner, Del Mar’s 2020 rate of 0.281 dollars per $100 assessed valuation represents only 11.8% of the tax bill. This compares with a local school district rate of about 1.27 dollars and the City of Corpus Christi rate of 0.646 dollars per $100 assessed valuation. Property taxes are a significant source of revenue for all Texas community colleges. FINANCIAL REPORT 10
IN THOUSANDS 2020 2019 2018 2017 2016
CURRENT ASSETS Cash & Cash Equivalents $35,372 $35,243 $38,854 $42,015 $38,751 Short Term Investments 38,959 29,787 21,652 6,784 8,003 Accounts Receivable 9,535 11,227 8,722 8,769 10,506 Taxes Receivable 2,009 1,753 1,694 1,658 1,625 Other 2,934 849 2 1 5
NONCURRENT ASSETS Endowment Cash & Equivalents $176,445 $127,275 $160,937 $86,302 $83,957 Bond Issuance Cost Net - - - - - Capital Assets Net 296,614 255,950 212,640 185,179 182,071 Deferred Loss on Refunding Bonds 1,377 1,845 2,367 2,920 3,522 Deferred Outflow Related to Pensions 9,361 10,665 2,967 3,790 2,750 Deferred Outflow Related to OPEB 2,083 2,059 TOTAL ASSETS $574,689 $476,653 $451,897 $337,418 $331,190
CURRENT LIABILITIES Accounts Payable & Accrued Liabilities $16,690 $13,195 $5,808 $5,945 $6,334 Retirement Incentive Payable - - - - - Funds Held for Others 1,966 1,561 1,778 1,499 1,281 Deferred Revenue 15,155 14,832 12,744 12,077 12,789 Current Portion of Noncurrent Liabilities 13,251 11,000 10,060 9,947 9,007
NONCURRENT LIABILITIES Accrued Compensated Liabilities $6,471 $6,470 $5,965 $5,636 $5,129 Retirement Incentive Payable - - - - - Net Pension Liability 20,572 21,955 12,190 14,013 12,297 Net OPEB Liability 58,371 55,755 Bonds & Notes Payable 323,456 242,995 256,045 156,632 157,619 Deferred Inflows Related to Pensions 3,452 1,203 1,865 808 916 Deferred Inflows Related to OPEB 22,019 31,448 TOTAL LIABILITIES $481,403 $400,414 $397,411 $206,557 $205,372
NET POSITION Net Investment in Capital Assets $126,543 $120,406 $100,961 $95,287 $90,491 Restricted for Debt Service 8,431 8,161 11,922 12,343 12,251 Unrestricted (41,688) (52,328) (58,722) 23,231 23,076 TOTAL NET POSITION $93,286 $76,239 $54,486 $130,861 $125,818 11 REVENUES BY SOURCE REVENUES BY SOURCE
Operating revenues decreased by $1.1 million from 2019 to 2020.
Items having the largest impact on this decrease was a $596 thousand reduction in auxiliary services such as campus dining and facility rentals related to COVID-19 which forced the closure of most campus instruction. In addition, indirect costs and administrative fees earned on contract instruction and grants decreased by $681 thousand largely in part due to the same reason indicated above. Non-operating revenues increased by $7.6 million from additional property tax revenues collected of $4.3 million due to a 7.71% increase in property valuation along with a 1/10 of 1% decrease in the overall tax rate. Federal revenue also increased by $3.5 million largely due to COVID-related funding received to support students and provide educational supplies for protective equipment, expand virtual learning capabilities, and purchase personal computers for both faculty and staff. Funds received totaled $2.1 million. In addition, the PELL grants to students increased by $1.8 million.
IN THOUSANDS 2020 2019 2018 2017 2016
OPERATING REVENUE Student Tuition and Fees Gross $30,335 $29,153 $28,755 $28,243 $26,924 Scholarship Allowance (17,794) (16,579) (16,227) (15,487) (14,948) Federal Grants and Contracts 2,183 2,103 3,181 3,268 4,743 State Grants and Contracts 2,129 2,399 2,342 3,718 4,242 Local Grants and Contracts 1,800 1,404 524 548 2,211 Auxilary Enterprises Net 1,079 1,675 1,390 1,248 1,323 General Operating Revenue 2,925 3,606 2,188 1,768 2,305 Total Operating Revenue $22,657 $23,761 $22,153 $23,306 $26,800 Total Operating Expense $(122,505) ($112,273) ($112,413) ($110,228) ($105,113) Operating Loss $(99,848) ($88,512) ($90,260) ($86,922) ($78,313)
NON-OPERATING REVENUE AND EXPENSE State Appropriation $25,500 $23,437 $22,928 $20,176 $19,800 Operating Property Taxes 58,319 54,449 51,689 47,179 46,704 Debt Service Property Taxes 19,158 18,706 13,423 12,387 8,338 Federal Revenue 20,413 16,860 16,237 16,715 16,323 Investment Income 3,442 5,755 2,308 1,108 337 Interest of Capital Debt (8,095) (8,951) (5,285) (5,075) (4,091) Other Non-Operating Expenses (1,929) (34) (1,025) (602) (86) Other Non-Operating Revenue 87 43 28 11 22 Total Non-Operating Revenue $116,895 $110,265 $106,613 $91,965 $87,347 Increase in Net Position $17,047 $21,753 $9,933 $5,043 $9,034 FINANCIAL AID & DISTRICT TAX 12 FINANCIAL AID
Federal/State/ Federal/State/ 2019-2020 Institutional Grants 2018-2019 Institutional Grants UNDUPLICATED UNDUPLICATED HEADCOUNT 82% HEADCOUNT 78% 9,098 TYPE 8,754 TYPE Federal/State/ Federal/State/ Institutional Loans Institutional Loans 11% AID 14% AID
6% 7% Employment 1% Employment 1%
Scholarships Scholarships
$23,105,074 Total distributed to eligible students in 19-20.
DISTRICT TAX
PERCENTAGE TAX TAX NET ASSESSED FISCAL YEAR OF VALUATION YEAR RATE VALUATION CHANGE
Based on 100% of market 2015-16 15 .248073 $22,817,248,918 8.02 value of property. All 2016-17 16 .246159 $24,865,880,433 8.98 percentages are rounded 2017-18 17 .259163 $25,668,882,133 3.23 off. 2018-19 18 .281885 $27,225,706,264 6.07 2019-20 19 .280665 $28,973,089,341 6.42 13 EXPENSES BY TYPE
EXPENSES BY TYPE
The cost of instruction includes those activities that deal directly with, or aid in, the teaching process. Instruction expenditures include not only personnel costs and supplies but also the personnel and materials required to plan, implement and manage the instructional programs. Academic support comprises those programs that directly support the instruction process, such as tutoring, library operations and instructional media services. Student services include registration and records, financial aid, counseling and other activities that provide non-academic support services to students.
Operation and maintenance costs relate to those maintenance, housekeeping, public safety and other costs necessary for the proper and safe operation of the physical plant of the College.
General institutional support encompasses general regulation, direction and administration, as well as those costs applicable to the College on an institution-wide basis, such as Commencement and accreditation activities. Auxiliary enterprises are those activities that charge a fee for service, such as the food services and other business-type activities. Depreciation represents the financial acknowledgement of the costs of fixed assets prorated over their estimated useful service lives. $112,504,536 Total expenses by type
IN THOUSANDS 2020 2019 2018 2017 2016
Instruction $48,349 $46,483 $46,536 $43,909 $39,580 Public Service 95 155 151 129 111 Academic Support 7,914 7,531 7,734 7,189 6,946 Student Services 17,319 15,349 15,662 16,487 18,040 Institutional Support 23,607 21,195 20,888 19,430 18,690 Plant Operation and Maintenance 9,860 9,023 8,786 10,128 9,702 Scholarships 6,668 5,939 5,826 5,906 5,111 Auxiliary Services 1,587 1,228 1,400 1,484 1,417 Depreciation 7,106 5,370 5,430 5,566 5,516 TOTAL $122,505 $112,273 $112,413 $110,228 $105,113 EXPENSES BY COST 14
EXPENSES BY COST
As with any service organization, personnel costs — salaries and benefits — make up the largest single cost category at 67.4%. Salaries alone represent 50.8% of total costs. Benefits, including health, unemployment and Medicare insurance costs, constitute 16.7% of total expenditures.
Supplies and service expenditures account for 19.7% of operating expenditures. They include services provided by outside agencies, as well as instructional and administrative supplies. Scholarships, mostly funded by federal financial aid, represent almost 5.3%. $112,504,536 Total expenses by cost
IN THOUSANDS 2020 2019 2018 2017 2016
Salaries $60,690 $56,996 $56,528 $55,334 $51,102 Benefits 20,094 18,712 21,459 18,630 16,758 Utilities 3,254 3,176 3,069 3,332 3,511 Supplies and Services 24,693 22,079 20,101 21,476 23,116 Scholarships 6,668 5,940 5,826 5,890 5,111 Depreciation 7,106 5,370 5,430 5,566 5,515 TOTAL $122,505 $112,273 $112,413 $110,228 $105,113 Del Mar College is an Equal Opportunity/Affirmative Action Employer and Educational Institution.
The College takes affirmative action to endeavor that no person shall be denied the benefits of equal employment or be subjected to discrimination in employment or educational programs and activities of Del Mar College on the basis of race, color, sex (including pregnancy, gender identity/transgender status, sexual orientation), age, national origin, religion, disability, or any other constitutionally or statutorily impermissible reason.
This report and other financial documents can be found online at delmar.edu
© 2021 Del Mar College. All rights reserved. PENDING BUSINESS Item Date Request Due Status 1 *Workshop: Board Policy Review February February (Continued) Agenda 2 Quarterly Financial Report February February Agenda 3 Quarterly Investment Report February February Agenda 4 Set Tuition February February Agenda 5 Legislative Update February February Agenda 6 Annual Ethics Update February February Agenda 7 *Workshop: Strategic Plan March Key Performance Indicators 8 Internal Audit Report to the Board March
9 Report on Tax Collections March
10 Enrollment Update April
11 *Workshop: Regional Workforce May Needs 12 Professional Contract Review by Board June of Regents 13 SACS & QEP Reaffirmation Update July/August
14 Tax Abatement Yearly Review September
15 Clery Act October
16 THECB 60x30 Strategic Plan October (DMC steps/plan for compliance)
17 Title IX Report October
18 Foundation Yearly Update December
19 Review of Tuition Policy December
*Workshop dates may change
MINUTES OF THE WORKSHOP OF THE BOARD OF REGENTS OF THE DEL MAR COLLEGE DISTRICT
November 10, 2020
The Workshop Meeting of the Board of Regents of the Del Mar College District convened at the Isensee Board Room, Del Mar College, Corpus Christi, Texas at 9:00 a.m. on Monday, November 10, 2020, by video and/or teleconference, with the following present:
Due to health and safety concerns related to the Coronavirus Pandemic Crisis, this meeting was conducted by video and/or teleconference in accordance with guidance from the Texas Governor’s Office and the Texas Attorney General’s Office. Provisions were made for the public to participate in this meeting with public comments via livestream and/or telephonically.
From the Board:
Ms. Carol Scott, Ms. Libby Averyt, Mr. Ed Bennett, Mr. Hector Salinas, and Dr. Mary Sherwood.
Mr. Rudy Garza and Ms. Susan Hutchinson joined the meeting in progress.
From the College:
Dr. Mark Escamilla, President and CEO; Mr. Raul Garcia, Vice President and CFO; Ms. Lenora Keas, Executive Vice President and COO; Ms. Tammy McDonald, Vice President of Administration and Human Resources; Mr. August Alfonso, Vice President and Chief Information Officer; Dr. Rito Silva, Vice President of Student Affairs; Mr. Augustin Rivera, Jr., General Counsel; Mr. John Strybos, Vice President and Chief Physical Facilities Officer; Ms. Lorette Williams, Executive Director of Strategic Communication and Government Relations; Dr. Natalie Villarreal, Director of Government & Board Relations; Ms. Mary McQueen, Executive Director, Development; Ms. Delia Perez, Executive Administrative Assistant to the President & Board Liaison, and other staff and faculty.
CALL TO ORDER QUORUM CALL/MOMENT OF SILENCE/PLEDGE OF ALLEGIANCE/VISION STATEMENT
Ms. Scott called the meeting to order with a quorum present. She requested a moment of silence followed by the Pledge of Allegiance and Del Mar College Vision Statement.
GENERAL PUBLIC COMMENTS – The public was given the opportunity to provide public comments (both general and specific to any agenda item) by calling a toll-free phone line prior to the Board meeting and registering with their name and subject of public comment.
There were no public comments made for this meeting.
ITEMS FOR DISCUSSION AND POSSIBLE ACTION:
1. Discussion related to Residential/Campus Housing……..Mr. John Strybos and Dr. Rito Silva (Goal 4: Learning Environments)
Dr. Escamilla provided opening remarks and introduced the topic of community college housing and the issue of our students’ wellbeing and options for safe, new, affordable housing. Student’s situations vary and today is just a leaping off point for the discussion of student housing. This presentation includes how the College moves ahead with experience, expertise and data.
Dr. Silva began his presentation and provided information regarding the history of campus housing at Del Mar College which included cost of housing at Texas Community Colleges, and a student survey as well as the following:
• First dormitory in 1950: Converted private home, five music students, all female. • 1952: 50 students in men’s and women’s dorms, also converted houses. • Music/Athletic scholarships and out-of-town students. • 1958: College owned 13 residential homes converted to student housing. • 1963: Men’s and women’s dormitory buildings housed students. • Spring 1972: Dormitory buildings converted to classroom space.
Dr. Silva discussed the following benefits of student housing:
Recruitment outside of our service area Reduce the Time to Completion and Graduation Rates Enhance Collegiate Experience Address our student’s housing insecurities Common asked question at New Student Orientation 29 out of 50 Texas Community Colleges offer housing 4 State Technical Colleges offer housing Linked to our proposed Strategic Plans – Goal 4: Learning Environments. Provide engaging, effective and student-ready environments Objective 4: Develop new and renovated facilities to meet the needs of 21st century students.
Dr. Silva provided cost information of housing at other Texas Community Colleges including average cost of room per student per academic year, average cost for dining plan per student per academic year, and average cost for room per student per each Summer Session.
Dr. Silva reviewed the Student Survey that was conducted between October 1 - 23, 2020. The survey was conducted online and 538 responses that were received. Dr. Silva provided the parameters of the survey such as college classification, marital status, 4-year transfer possibility, and current living status. Out of the students that completed the housing survey, 79% would like ______Workshop Meeting Page 2 November 10, 2020
the College to provide on-campus student housing in the future. Dr. Silva detailed the on- campus housing that would most benefit the students most including the preferred amenities. Dr. Silva gave data regarding the cost for on-campus housing, student annual income, and payment amounts for on-campus housing.
Over 450 comments were made by students when asked about how housing would impact their College experience. Remarks made by students:
Pros Student stated they could take more hours Save money on travel. Increase engagement in school Cons Students who were non-traditional with children and already had a home. Students were concerned their tuition would increase and services would decrease.
Mr. Strybos began his presentation and provided information regarding Del Mar College student housing market analysis, examples of Public Private Partnership Project; and the Public Private Partnership Process.
Mr. Strybos reviewed estimates of total multi-family rental units and in 2018, approximately 16,700 (16,641) multi- family rental properties, providing 3 or more individual units, were located within the DMC Service Area. Of these, on average, approximately 6.9% (1,149 individual units) were determined vacant.
Mr. Strybos provided information regarding apartment locations and price in the Del Mar College East Campus area. In 2019 there were approximately 250 apartment complexes/multi- unit property rentals located in the East Campus area. Average Price (One-Bedroom) $807/month Average Size (One-Bedroom) 637 square feet
Within the study area, one-bedroom apartments range in price from $312/month to $1,241/month. Square footage ranges from 250 square feet to 1,075 square feet. Mr. Strybos also discussed walking times to the East Campus from neighboring apartment locations.
Mr. Strybos provided information regarding dormitories at Texas Community Colleges that offer residence hall/dormitory housing as of September 2020. Of the community colleges observed and diagrammed in the adjacent map, institutions, on average, provide 350 beds. Utilizing Fall 2019 enrollment data for these institutions, total beds provided are approximately 10.6% of the total student population.
Across the observed institutions, the average price per semester is $2,400. Projected East Campus Enrollment (2022) 5,395 students Potential Beds (Benchmarked Peers) 571 beds ______Workshop Meeting Page 3 November 10, 2020
If Del Mar College chooses to provide dormitories at a similar percent as the benchmarked peer institutions, this would total approximately 571 beds at the East Campus in the Fall of 2022. In the Fall of 2019, approximately 11.4% of the students enrolled at the East Campus resided in an apartment. Of these, 653 students were enrolled in either physical, on-campus courses or hybrid classes. At 74.3%, the dominant learning mode of observed apartment-dwellers was on-campus. The dominant degree programs of the study population are listed below. These mirror the overall East Campus population composition. Liberal Arts Business Administration Biology
Mr. Strybos provided housing options information including traditional residence halls (dormitories), apartments, and multi-family apartments and also provided examples from other Texas Community Colleges.
Mr. Strybos discussed the advantages of a public private partnership and discussed the San Antonio College Tobin Lofts as an example that included a community overview, the area progress and development, and also provided information regarding the organizational structure. Information was provided regarding Tobin Lofts’ occupancy trends, leasing costs and activities, and target market. Mr. Strybos proceeded with example projects of converting the Venters Business Building into 1, 2 and 3 bed dorms along with discussion of a preliminary budget and funding opportunities. The Public Private Partnership governing laws were provided as well as the next steps in the possible project implementation.
Dr. Silva, Mr. Strybos, and Dr. Escamilla responded to questions from the Board of Regents.
2. Discussion related to Distance Learning……………………………...………Mr. Cody Gregg (Goal 3: Academic Preparedness and Student Learning)
Dr. Escamilla stated that distance education over the past several decades has evolved and it certainly has been the case here at Del Mar College and what they are about to see in data and information provided by Dean Cody Gregg is very interesting and distance education is and will continue to be a permanent part of the College’s curriculum in terms of facilitating instruction. He stated that the human factor will never be replaced and is evident in the face-to-face environment and most enhanced through distance education of delivery.
The Board recessed at 10:34 a.m.
The Board reconvened at 10:41 a.m.
Dean Gregg began his presentation and provided distance education history information. Distance Education began at the College in 1984 which used VHS tapes. There are 393 faculty members teaching Distance Education in the Fall 2020. The first online class was in 1998 and there are 9 programs offering awards, degrees and certificates online. There are 4 full-time staff ______Workshop Meeting Page 4 November 10, 2020
in the Office of eLearning and additional assistance is provided by the IT Department. Mr. Gregg explained the different distance education modalities of online courses, hybrid courses and HyFlex courses.
Dean Gregg provided information regarding Distance Education enrollment and contact hours. The unduplicated headcount enrolled in credit courses there is a total of 12, 008 students. For the Fall 2019 Face-to-Face and Distance Education headcount, 57% were face-to-face classes, 25% were Face-to-Face and Distance Education class, and 18% were Distance Education only classes. For the Fall 2019 Face-to-Face and Distance Education headcount, there were 9,858 non-dual credit students and 2,150 dual credit students.
Dean Gregg provided information regarding unduplicated (headcount) and duplicated enrollments for the 2019-2020 year. The annual unduplicated headcount was 15,734 students. These students counted for 73,745 duplicated enrollments. Distance education duplicated enrollment has increased from 19% of totals in 2015-16 to 30% of totals in 2019-20. The College generated over $4.8 million contact hours in 2019-2020 and $1.4 million contact hours were generated by distance education. Thirty percent (30%) of distance education classes include both online and hybrid courses. Online course percentage withdrawals from Spring 2015 - 2019 are 11% for Face-to-Face classes and are also 11% for Distance Education courses.
Distance Education persistence percentages of non-Dual Credit students enrolled in each category in Fall 2019 who enrolled for courses of any type in Spring 2020 were 72% for Distance Education and Face-to-Face classes, 71% Face-to-Face classes, and 58% Distance Education only classes. This was the first time that this data has been collected for Distance Education this way, but it will continue to be monitored to see how to assist students.
A hybrid course is a class that is taught when 50% to 85% of instruction occurs online with the remaining portion taking place on campus. Growth in hybrid duplicated enrollment grew to 39% of enrollment in Distance Education from 2016-2017 to 2018-2019. Process Technology alone accounted for 59% of hybrid courses in 2018-2019 and Nurse Education accounted for an additional 9% of hybrid courses.
Fully online programs available for Associate of Arts are Business Administration, Criminal Justice, English with Emphasis in Literature, Grades 8-12; EC-12 English, Associates of Arts in Teaching (AAT), and Liberal Arts (Multidisciplinary Studies). Fully online Certificate of Achievement courses available online are Accounting Specialist, Management Development: Human Resources, and Criminal Justice, Field of Study Certificate. A Skills Award course, Geographic Information Systems is also fully available online.
Dean Gregg stated that the Del Mar College Distance Education Program complies with the mandates of a number of entities including SACSCOC, Texas Administrative Code and THECB, Federal Regulations and Del Mar College Policy B7.33. The Texas Administrative Code relevant is Title 19, Pt 1, Chapter 4, Subchapter P Rule §4.263 Standards and Criteria required for Distance Education Faculty. ______Workshop Meeting Page 5 November 10, 2020
Dean Gregg and Dr. Halcomb provided further details relating to: After COVID-19 Rapid Response Training; COVID-19 Response Spring 2020: Move to Remote Emergency Online Instruction; Online Student and Academic Support Services; Increase of Office e-Learning Support, March – August 2020; Information Technology Support of Distance Education; Summer 2020 Summery; Success and Persistence Comparison: Spring 2015-2019 vs. Summer 2020; Fall 2020 Snapshot; CARES Act; and Current Endeavors
Dr. Halcomb thanked the IT staff and leadership for their support with Distance Education which was critical to the College’s success.
Dean Gregg and Dr. Escamilla responded to questions from the Board of Regents.
ADJOURNMENT: The meeting was adjourned at 11:30 a.m.
MINUTES REVIEWED BY GC: /s/ARjr
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MINUTES OF THE REGULAR MEETING OF THE BOARD OF REGENTS OF THE DEL MAR COLLEGE DISTRICT
November 10, 2020
The Regular Meeting of the Board of Regents of the Del Mar College District convened at the Isensee Board Room, Del Mar College, Corpus Christi, Texas at 1:00 p.m. on Tuesday, November 10, 2020 by video and/or teleconference, with the following present:
Due to health and safety concerns related to the Coronavirus Pandemic Crisis, this meeting was conducted by video and/or teleconference and in accordance with guidance from the Texas Governor’s Office and the Texas Attorney General’s Office. Provisions were made for the public to participate in this meeting with public comments via livestream and/or telephonically.
From the Board:
Ms. Carol Scott, Dr. Nicholas Adame, Ms. Libby Averyt, Mr. Ed Bennett, Mr. Rudy Garza, Ms. Susan Hutchinson, and Dr. Mary Sherwood.
Mr. Hector Salinas joined the meeting in progress.
From the College:
Dr. Mark Escamilla, President and CEO; Mr. Raul Garcia, Vice President and CFO; Ms. Lenora Keas, Executive Vice President and COO; Ms. Tammy McDonald, Vice President of Administration and Human Resources; Mr. August Alfonso, Vice President and Chief Information Officer; Dr. Rito Silva, Vice President of Student Affairs; Mr. Augustin Rivera, Jr., General Counsel; Mr. John Strybos, Vice President and Chief Physical Facilities Officer; Ms. Lorette Williams, Executive Director of Strategic Communication and Government Relations; Dr. Natalie Villarreal, Director of Government & Board Relations; Ms. Mary McQueen, Executive Director, Development; Ms. Delia Perez, Executive Administrative Assistant to the President/ Board Liaison, and other staff and faculty.
CALL TO ORDER QUORUM CALL/MOMENT OF SILENCE/PLEDGE OF ALLEGIANCE/VISION STATEMENT
Ms. Scott called the meeting to order with a quorum present. She requested a moment of silence followed by the Pledge of Allegiance and Del Mar College Vision Statement.
GENERAL PUBLIC COMMENTS – The public was given the opportunity to provide public comments (both general and specific to any agenda item) by calling a toll-free phone line prior to the Board meeting and registering with their name and subject of public comment.
There were no public comments made for this meeting.
RECOGNITIONS…………………………………………………………Dr. Jonda Halcomb
Carrie Buttler, Sigma Kappa Delta Recognition of 10 Years of Service as Advisor for the Epsilon Beta Chapter at Del Mar College (Goal 4: Learning Environments)
Dr. Halcomb introduced Ms. Buttler for her years of service as an advisor for the Epsilon Beta Chapter at Del Mar College. Ms. Buttler thanked the Regents for their support.
Concert Choir: Nine students auditioned successfully into the Texas Two-Year College All-State Choir. These students performed at the Texas Music Educators Association (TMEA) Convention in San Antonio in February 2020 (Goal 3: Academic Preparedness and Student Learning)
On February 12-15, 2020, students performed at the Texas Music Educators Association Convention in San Antonio, Texas. Dr. Greg Graf and the nine talented students were recognized for their participation, accomplishment and representation they provided for Del Mar College.
Vocal Vikings: Five students won debate competitions at the Texas Intercollegiate Forensics Association (TIFA) State Tournament. The debates were held in February 2020 at Texas State University (Goal 3: Academic Preparedness and Student Learning)
Dr. Halcomb provided information of the Vocal Vikings that were honored for their debate competitions in the Texas Intercollegiate Forensics Association and Speech on the Beach.
Vocal Vikings: Competed and won awards in their first virtual tournament hosted by Bowling Green State University in Ohio. The tournament included 24 colleges and universities from across the country. (Goal 3: Academic Preparedness and Student Learning)
Dr. Halcomb provided information about the first virtual tournament Del Mar College students competed in Bowling Green State University’s tournament. Del Mar College students had to overcome several new formats for this competition due to the pandemic and were successful in their endeavors.
STUDENT SUCCESS REPORT……………………………….……………Dr. Rito Silva
• Veterans Upward Bound Program (Goal 2: Recruitment and Persistence)
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Dr. Escamilla introduced the topic and stated that today is the Marine Corps birthday and this report is timed with Veteran’s Day in mind, which is celebrated tomorrow. This is an opportunity to discuss the College’s Veterans Upward Bound Program and is in honor of all Veterans, past, present and future.
Dr. Silva began his presentation and stated that the mission of Del Mar College Veterans Upward Bound (VUB) Program, in support of the college and the Division of Student Engagement and Retention, is to provide U.S. Military Veterans with support services that will ensure they have the motivation and skills to enter and graduate from a post-secondary institution (PSI) of their choosing. Del Mar College is only one of two Texas colleges with this program.
Dr. Silva stated that services offered to Veterans include postsecondary assistance, support services, career exploration, and academic assistance. The VUB Program has helped 351 Veterans from 2017 - 2020 at Del Mar College. Dr. Silva concluded by thanking all Veterans for their service and the Board of Regents joined in their appreciation.
COLLEGE PRESIDENT'S REPORT ...... Dr. Mark Escamilla
Campus Wide Update (Goal 4: Learning Environments)
Dr. Escamilla provided a campus update regarding the latter half of the semester and stated the College continues to operate cautiously in adherence of health and safety guidelines from local, state and federal government agencies. Dr. Escamilla provided information of students attending face-to-face classes in accordance with Phase II of the Return-To-Campus protocols. Dr. Escamilla discussed the Fall Commencement which will be held virtually on Friday, December 11, 2020 at 7 p.m. and will be broadcast via the College’s social media channels.
• 2020 Governor’s Volunteer Awards (Goal 5: Workforce Development, Community Partnerships, and Advocacy)
Dr. Escamilla announced that Del Mar College was awarded the 2020 Governor’s One Star Foundation Volunteer Award - Community Impact regarding the College’s Carpentry Program which was generated from the College’s Rebuild Texas Grant. Dr. Escamilla introduced Ms. Lenora Keas to continue with the announcement. Ms. Keas provided detailed information regarding the Award as well as the background and contributors of the program. Ms. Keas introduced Dr. Leonard Rivera who provided further details of the team effort and support received for the Carpentry Program that was created after the devastation of Hurricane Harvey.
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STAFF REPORTS:
• SACSCOC Reaffirmation & QEP Update……………….Dr. Kristina Wilson (Relates to all Goals of the Strategic Plan)
Dr. Escamilla introduced that Dr. Kristina Wilson and stated that she will provide an update with fantastic news of the College’s reaffirmation of accreditation
Dr. Wilson provided an update on the College’s Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) Reaffirmation and QEP update by providing background information and the purpose of the accreditation. Dr. Wilson provided a timeline of the College’s compliance and work performed in preparation of certification. The College had to comply with seventy-four SACSCOC Standards and only had to follow-up on one Standard regarding faculty qualifications after the initial submission.
Dr. Wilson continued with review of the College’s Quality Enhancement Plan (QEP) which involved the following: Key component of Reaffirmation; Results in a stand-alone document; Focusing on a student success issue facing the institution; Part of comprehensive planning and evaluation process. The QEP is a detailed and strategic plan of action designed to improve student success and was submitted to SACSCOC in September 2020. The QEP topic chosen was Academic Advising - GPS or Goals + Planning = Success.
Dr. Wilson stated that an On-Site Committee Virtual Visit took place October 26- 29, 2020 and is a key component of the reaffirmation process. The areas of focus included the QEP, compliance with federal requirements, off-campus instructional site visits, and focused report follow-up. Dr. Wilson stated that the Virtual Visit was accomplished by using the Teams Microsoft program and explained the schedule of campus tours, interviews and meetings with faculty and staff, and interviews with the College’s Board of Regents Officers and students. The Committee shared their findings that the College was in compliance with all SACSCOC and federal standards during the Exit Conference.
Dr. Wilson reviewed the Next Steps the College is required to complete which include a response to the Visit Report that is due in April 2021, an in-person visit by SACSCOC VP and on Committee member, date to be determined, and SACSCOC Board Reviews off-site and on-site reports and the decision regarding reaffirmation will be made in June 2021, and the status will be announced December 2021.
Dr. Escamilla and the Board of Regents offered words of thanks and congratulations to all involved.
• THECB 60x30TX Strategic Plan Update………………Dr. Kristina Wilson ______Regular Meeting Page 4 November 10, 2020
(Goal 1: Completion)
Dr. Escamilla stated that this report is to update the College on a blueprint for higher education and it is being reviewed by the TEA Commissioner and others to see how this state-wide plan may be modified. He introduced Dr. Kristina Wilson.
Dr. Wilson began her presentation by providing an explanation of the plan and goals involved. Dr. Wilson stated that the title of this plan 60x30TX means that by the year 2030, at least 60% of Texans between the ages of 25 to 34 will have a certificate or degree. This plan applies to all public institutions of education in Texas and has four goals: 1) Educated Population; 2) Completion; 3) Marketable Skills; and 4) Student Debt.
The College is involved with numerous other institutions of higher education in the South Texas region to best implement this plan. Dr. Wilson provided an overview regarding completion numbers and goals relating to the THECB 60X30TX Plan. The new Texas Higher Education Coordinating Board (THECB) Commissioner is reviewing the 60x30TX Plan and is convening a committee to refine and strengthen it in response to the impact of COVID-19. She discussed some of the challenges with the current Plan.
Dr. Wilson also discussed the Data Infrastructure Modernization Project. The vision of the Project is to equip internal and external stakeholders with improved insight and data for decision-making purposes. The goals of the Project are to design and implement a modern, flexible data architecture that delivers user- centered value and allows for dynamic access with robust governance and security/confidentiality/privacy controls; and to identify and deliver high-priority reports and/or dashboards utilizing current data.
Dr. Wilson and Dr. Escamilla responded to questions from the Board of Regents.
PENDING BUSINESS:
Status Report on Requested Information (Goal 5: Workforce Development, Community Partnerships, and Advocacy)
Chair Scott reviewed the list of pending business.
CONSENT AGENDA
CONSENT MOTIONS: (At this point the Board will vote on all motions not removed for individual consideration.)
ITEMS FOR DISCUSSION AND POSSIBLE ACTION:
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1. Approval of Minutes: Workshop, September 8, 2020 Regular Board Meeting, September 8, 2020 Called Meeting, September 29, 2020 Workshop, October 13, 2020 (Goal 5: Workforce Development, Community Partnerships, and Advocacy)
2. Acceptance of Investments for October 2020 (Goal 6: Financial Effectiveness and Affordability)
3. Acceptance of Financials for September 2020 (Goal 6: Financial Effectiveness and Affordability)
Public comments for consent agenda items
Regent Averyt made a motion to approve the consent agenda items. Regent Sherwood seconded the motion. There was no further discussion from the Board. There were no public comments. A vote was taken by a show of hands and the motion carried unanimously, 8-0, with Regents Scott, Adame, Averyt, Bennett, Garza, Hutchinson, Salinas, and Sherwood in favor.
REGULAR AGENDA
4. Discussion and possible action related to adoption of the State and Federal Legislative Agendas………………………………………………………….Dr. Natalie Villarreal (Relates to all Goals of the Strategic Plan)
Dr. Villarreal began her presentation and discussed the newly adopted State agenda for Community Colleges for review to formerly adopt the recommendation of staff. The 87th Texas State Legislature starts January 12, 2021 and ends May 31, 2021. Two of the main priorities are to 1) pass the budget, and 2) redistricting. Dr. Villarreal stated that the College is involved at the state level with Texas Association of Community Colleges (TACC), Community Colleges Association of Texas Trustee (CCATT), Texas Community College Teachers Association (TCCTA), and the Texas Higher Education Coordinating Board (THECB).
Due to COVID-19, the priorities of the State Legislature shifted. Dr. Villarreal discussed the following priorities in depth:
1. Investing in Community Colleges-Formula Funding: •Propose overall funding for FY's 2022-2023 to equal the FYs 2020-2021 or $1.833.2M. Priority to be given to the rate of student success points at $215 and an increase in Core Operations to support college stabilization, providing $2M per college; and •Propose Exceptional funding of $50M; requested $1M non-formula support items for each
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of the 50 districts. Also, Dr. Villarreal explained Performance-Based Funding (Student Success Points) and how the amount of funds for the College are requested.
2. Workforce & Economy Recovery Policy: •Design pipelines to fulfill regional workforce needs; •Expand micro-credentials and short-term certificates that enable displaced workers to become work-ready in a few weeks to six months; and •Identify high-demand, short-term credentials to be recognized in The Higher Education Coordinating Board' s 60x30TX Plan for Higher Education.
3. Small Business Development Centers: Recommendation to transition Small Business Development Centers (SBDCs) within the General Appropriations Act from Article III (Education) to Article VII (Business & Economic Development) within the Texas Workforce Commission's (TWC) Appropriation.
Dr. Villarreal will keep the Board updated as the 117th Congress sends out information about the 2021 agenda.
Dr. Escamilla provided additional details throughout the presentation.
Dr. Villarreal responded to questions from the Board of Regents.
Regent Hutchinson made a motion to concur and affirm the State Legislative Agenda. Regent Averyt seconded the motion. There was no further discussion from the Board. There were no public comments. A vote was taken by a show of hands and the motion carried unanimously, 7-0, with Regents Scott, Adame, Averyt, Bennett, Garza, Hutchinson, and Sherwood in favor.
At 2:40 p.m., the Chair announced the Board was going into Closed Session pursuant to:
6. CLOSED SESSION pursuant to:
A. TEX. GOV’T CODE § 551.071: (Consultation with legal counsel), regarding pending or contemplated litigation or legal claims, or a settlement offer, with possible discussion and action in open session; and the seeking of legal advice from counsel, on pending or contemplated legal matters or claims, with possible discussion and action in open session; and
B. TEX. GOV’T CODE § 551.087: (Economic Development), regarding discussion or deliberation of information received from a business prospect with which the College is conducting economic development negotiations and/or the deliberation of an offer of a financial or other incentive to a business prospect, with possible discussion and action in open session; and,
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C. TEX. GOV’T CODE § 551.072: (Deliberation Regarding Real Property), regarding the deliberation of the purchase, exchange, lease, or value of real property; with possible discussion and action in open session.
The Board reconvened in Open Session at 3:37 p.m.
5. Discussion and possible action related to Interlocal Contract between Del Mar College and the City of Corpus Christi to construct the City’s Police Training Academy on College property…...... Mr. John Strybos and Mr. Augustin Rivera, Jr. (Goal 4: Learning Environments)
Dr. Escamilla introduced this agenda item and stated that it was for the Board’s consideration of an interlocal agreement with the City of Corpus Christi/Corpus Christi Police Department. It’s an opportunity to partner with the Corpus Christi Police Department from an educational standpoint and take police training into the future. He has been working closely with both City Manager, Peter Zanoni, and Police Chief Markel. This item for the Board’s consideration conforms with both the physical proximity and overall planning standards of the southside location as well as the educational offerings at the College including Criminal Justice and Police Training facet of the curriculum.
Mr. Augustin Rivera, Jr. began the presentation describing the proposed Interlocal Agreement which had been provided to the Board of Regents. Mr. Rivera noted the provision §5.03 College’s Approval of Plans keeps control over the type of structure that is constructed within the approval of the College.
Mr. John Strybos continued with the presentation and provided background information and stated that Del Mar College has worked with the City of Corpus Christi to identify opportunities to maximize public resources to improve services to the public. An Interlocal Contract between Del Mar College and the City of Corpus Christi to construct the City’s Police Training Academy on Del Mar College Property has been prepared to facilitate this project.
Mr. Strybos stated that the purpose of the Interlocal Contract is for approval to negotiate the final terms and conditions of the Interlocal Contract between Del Mar College and the City of Corpus Christi to construct the City's Police Training Academy on Del Mar College Property.
Mr. Strybos and Dr. Escamilla responded to questions from the Board of Regents.
Regent Adame made a motion to agree to the material terms of the Interlocal Contract as outlined and to authorize Dr. Escamilla to negotiate the final Agreement with the City of Corpus Christi with the understanding the Board
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will see the final renderings before construction. Regent Salinas seconded the motion. There was no further discussion from the Board. There were no public comments. A roll call vote was taken, and the motion carried unanimously, 8-0, with Regents Scott, Adame, Averyt, Bennett, Garza, Hutchinson, Salinas, and Sherwood in favor.
No other actions were taken after Closed Session.
CALENDAR: Discussion related to calendaring dates.
ADJOURNMENT: The meeting was adjourned at 3:53 p.m.
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MINUTES OF THE CALLED MEETING OF THE BOARD OF REGENTS OF THE DEL MAR COLLEGE DISTRICT (CANVASSING AUTHORITY)
November 13, 2020
The Called Meeting of the Board of Regents of the Del Mar College District convened at the Isensee Board Room, Del Mar College, Corpus Christi, Texas at 11:30 a.m. on Friday, November 13, 2020, by video teleconference, with the following present:
From the Board:
Dr. Mary Sherwood, and Ms. Libby Averyt.
From the College:
Ms. Jessica Alaniz, Director of Risk Management and Election Administrator, Mr. Augustin Rivera, Jr., General Counsel, and Ms. Delia Perez, Executive Administrative Assistant to the President/Board Liaison.
Due to health and safety concerns related to the Coronavirus Pandemic Crisis, this meeting was conducted by video and/or teleconference and in accordance with guidance from the Texas Governor’s Office and the Texas Attorney General’s Office. Provisions were made for the public to participate in this meeting with public comments via livestream and/or telephonically.
CALL TO ORDER/VISION STATEMENT
Dr. Mary Sherwood called the meeting to order followed by the Del Mar College Vision Statement.
GENERAL PUBLIC COMMENTS – The public was given the opportunity to provide public comments (both general and specific to any agenda item) by calling a toll-free phone line prior to the Board meeting and registering with their name and subject of public comment.
There were no public comments made for this meeting.
ITEMS FOR DISCUSSION AND POSSIBLE ACTION:
1. Canvassing of election returns of the November 3, 2020 Board of Regents' Election (Goal 5: Workforce Development, Community Partnerships , and Advocacy)
Ms. Jessica Alaniz, Election Administrator provided election results regarding the Del Mar College Board of Regents' Election that was held on Tuesday, November 3, 2020.
For the Single Member District 4 Full-Term position election, Guy Watts received a total of 8,050, Laurie Turner received a total of 9,448, and Richard Pittman received a total of 4,420. Laurie Turner had the highest number of votes. For the At-Large Full-Term Two Position election, Nick Adame received a total of 41,102, John F. Wilson received a total of 16,579 votes, Shawn Flanagan received a total of 17,220 votes, and Carol Scott received a total of 38,178 votes. Nick Adame and Carol Scott had the highest number of votes.
2. Discussion and possible action on Order Canvassing Board of Regents' Election Returns (Goal 5: Workforce Development, Community Partnerships, and Advocacy)
Augustin Rivera, Jr., General Counsel, then read the following proposed Order Canvassing Board of Regents’ Election:
“ORDER CANVASSING BOARD OF REGENTS' ELECTION
It is hereby ORDERED by the Board of Regents ("Canvassing Authority") of the Del Mar College District ("District") that:
WHEREAS, a Board of Regents' Election was regularly called and held in and for the District on November 3, 2020, after due notice and in accordance with the laws of this State; and
WHEREAS, this Canvassing Authority finds that the vote in this election has in all respects been properly and lawfully returned and reported to this Canvassing Authority; and
WHEREAS, said vote has been carefully and properly canvassed by this Canvassing Authority and the results determined in the manner provided by law;
THEREFORE, this Canvassing Authority finds after said canvass that:
I. The following votes were lawfully and properly cast in said election for the candidates for such offices, to-wit:
A. Single Member District 4 (Full-Term):
Number of Votes Candidate Received
Guy Watts _____
Laurie Turner _____
Richard Pittman _____
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B. At-Large (Full-Term, Two Positions):
Number of Votes Candidate Received
Nick Adame _____
John F. Wilson _____
Shawn Flanagan _____
Carol Scott _____
II. Laurie Turner received the greatest number of votes cast in said election in Single Member District 4, Full-Term. The At-Large candidates for the two (2) full-term at-large positions who received the greatest number of votes cast by electors residing in the entire District are Nick Adame and Carol Scott.
THEREFORE , this Board hereby finds, declares, and orders that Laurie Turner has been duly and properly elected from Single Member District 4 to the office of Regent of the Del Mar College District for the full-term, and Nick Adame and Carol Scott have been duly and properly elected At-Large to the office of Regent of the Del Mar College District; that they shall take office as such upon taking the oaths required by law; and that the Chair or Vice-Chair of the Board of Regents shall issue to each of such newly elected Regent a Certificate of Election as provided by law.
The foregoing Order was duly offered by ______, seconded by ______and, after discussion , was adopted by the Canvassing Authority of the Del Mar College District at a meeting duly called and held in Corpus Christi, Texas, on November 13, 2020, at which _____ members were present, by the following vote: _____for; _____against; and _____ abstaining.
ATTEST:
______Dr. Mary Sherwood, Regent Libby Averyt, Regent Board of Regents Del Mar College District”
There was no further discussion regarding the election and proposed Order.
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Regent Averyt made a motion to approve the Order Canvassing Board of Regents’ Election as presented (with the information filled in). Regent Sherwood seconded the motion. There was no further discussion from the Board. A vote was taken, and the motion passed, 2-0 amongst Regents present, with Regents Averyt and Sherwood in favor.
Adjournment at 11:39 a.m.
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MINUTES OF THE WORKSHOP OF THE BOARD OF REGENTS OF THE DEL MAR COLLEGE DISTRICT
December 8, 2020
The Workshop Meeting of the Board of Regents of the Del Mar College District convened at the Isensee Board Room, Del Mar College, Corpus Christi, Texas at 10:30 a.m. on Tuesday, December 8, 2020, by video and/or teleconference, with the following present:
Due to health and safety concerns related to the Coronavirus Pandemic Crisis, this meeting was conducted by video and/or teleconference and in accordance with guidance from the Texas Governor’s Office and the Texas Attorney General’s Office. Provisions were made for the public to participate in this meeting with public comments via livestream and/or telephonically.
From the Board:
Ms. Carol Scott, Dr. Nicholas Adame, Ms. Libby Averyt, Mr. Ed Bennett, Mr. Rudy Garza, Ms. Susan Hutchinson, and Dr. Mary Sherwood.
From the College:
Dr. Mark Escamilla, President and CEO; Mr. Raul Garcia, Vice President and CFO; Ms. Lenora Keas, Executive Vice President and COO; Ms. Tammy McDonald, Vice President of Administration and Human Resources; Mr. August Alfonso, Vice President and Chief Information Officer; Dr. Rito Silva, Vice President of Student Affairs; Mr. Augustin Rivera, Jr., General Counsel; Mr. John Strybos, Vice President and Chief Physical Facilities Officer; Ms. Lorette Williams, Executive Director of Strategic Communication and Government Relations; Dr. Natalie Villarreal, Director of Government & Board Relations; Mary McQueen, Executive Director, Development; Delia Perez, Executive Administrative Assistant to the President & Board Liaison, and other staff and faculty.
CALL TO ORDER QUORUM CALL/MOMENT OF SILENCE/PLEDGE OF ALLEGIANCE/VISION STATEMENT
Ms. Scott called the meeting to order with a quorum present. She requested a moment of silence followed by the Pledge of Allegiance and Del Mar College Vision Statement.
GENERAL PUBLIC COMMENTS – The public was given the opportunity to provide public comments (both general and specific to any agenda item) by calling a toll-free phone line prior to the Board meeting and registering with their name and subject of public comment.
There were no public comments made for this meeting.
AGENDA
ITEMS FOR DISCUSSION AND POSSIBLE ACTION:
1. Discussion related to Strategic Enrollment Management and Marketing Plan ……………………………………….………………Ms. Lorette Williams and Dr. Rito Silva (Goal 2: Recruitment and Persistence)
Dr. Escamilla provided opening comments. Dr. Silva began the presentation and stated that he, Dean Patricia Dominguez, Associate Vice-President of Student Affairs, and Mr. Ed Williams, Executive Director of Development Relations reviewed the mission and goals as they relate to enrollment. Dr. Silva continued and stated that Strategic Enrollment Management represents a holistic, college wide collaborative effort, guided by Del Mar College’s mission, vision and strategic plan, to achieve our goals for student persistence and recruitment.
Dr. Silva reviewed the national data during the pandemic and stated that Community Colleges with minority and low-income enrollment have been the most vulnerable during this pandemic. Inside Higher Education, August 17, 2020. Also, Community College nationally saw an enrollment decline of 27.5% among Hispanic Students. Inside Higher Ed, November 12, 2020.
Dr. Silva stated that at the College, they were able to implement enrollment strategies to reduce the enrollment decline. The strategies include: Virtual Assistance; Face to Face assistance; Added Flex courses; Facebook Live Events; Drive Thru Events; and Chat Features on website. All safety protocols were in place for the assistance offered.
Dr. Silva stated that according to our demographic data, the College’s typical student profile which is a 24 year-old Hispanic female enrolled in 7 hours of coursework that is financial aid eligible and is also working part-time. It is important to keep in mind the profile of the Del Mar College student. After providing information regarding recruitment versus outreach, Dr. Silva reviewed Del Mar College recruitment examples as well as outreach examples and stated that one of the many assets has been the College’s mascot, Valdar.
The College provides resources to support student’s continuous enrollment until completion of educational goals. -Del Mar College Strategic Plan 2019 - 2024. The rate at which students persist in higher education, often as measured by the percentage of students who continue in higher education from one year to the succeeding year. -THECB Resource Manual. Dr. Silva provided examples of current practices in persistence were provided to the Board and a review of the SEM Master Plan and Timeline were discussed.
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Dr. Silva introduced Dean Patricia Dominguez who continued with the presentation discussing the College’s persistence and retention strategies. Dean Dominguez stated that the SEM Persistence Goal #1 is to increase completers which will be accomplished by targeting students who have 75% course work completed and with 45 or more hours with no degree within the last two years to make sure they complete on time. The College has 31 SENDA Faculty Advisors that will be assigned a cohort by major. Also, the use of Civitas for Nudge Campaigns as well as using the thirty-one SENDA faculty advisors assigned cohort according to the student’s major. The new ERP Anthology/Campus Management will play a big role in the College’s enrollment plan which will feature the ability for students to track their progress to graduation.
The SEM Persistence Goal #2 is to make more sophomores which will be accomplished by targeting students with 16 to 29 hours to make sure they persist to their sophomore years. Strategies used for this undertaking will include Civitas Nudge-Students with 16-29 hours will be engaged by their respective department major; Civitas Nudge-Stop outs within last academic year will be outreached by departments; and Guided Pathways to make sure students are on track. In spring 2020, 89% of students surveyed said they would take another 8-week course and 82% of fall students said they would take another 8-week course. To assist making more sophomores, 8-week courses will continue as well as Ad Astra’s strategic scheduling that assists students to become full-time students.
The SEM Persistence Goal #3 is to increase the number of dual credit students that matriculate to Del Mar College from 34% to 45% by 2024. The College use strategies to have high school endorsement to guided pathways and parent outreach to engage with senior parents. Students will be encouraged to complete their degree certificate or complete their core classes at Del Mar College before transferring to a university.
Dean Dominguez continued and discussed the SEM Recruitment Goals beginning with #1 - Students Who Applied but Did not Register. We will target students who applied in the Spring 2020, Summer 2020 and Fall 2020, but did not attend and use of Civitas to contact stop out students as well as the Student Enrollment Center strategic communication points. The SEM Recruitment Goal #2 - Increase Numbers of High School Seniors matriculating to Del Mar College. We will target high school seniors in the regional area to attend Del Mar College by using the names from ACT for the 2020 and 2021 graduates, acquire senior lists from local high schools, the TACRAO list, as well as using Engage, Anthology’s new customer relations management system. The SEM Recruitment Goal #3 - Non-Traditional Students will target the adult population seeking short term training. We will partner with Workforce Solutions of the Coastal Bend, incorporate short-term training programming through DMC’s Adult Learning, and partner with area business and industry.
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Dean Dominguez introduced Ms. Lorette Williams who continued with her presentation regarding marketing support. The College recently went into a contract with Anderson Marketing Group (AMG) who manages the broad external enrollment campaigns which are targeted in the Corpus Christi metro area in both English and Spanish languages. Future campaigns will focus on broad enrollment campaigns released by semesters and will include digital tactics, streaming TV/Radio, and outdoor billboards.
Ms. Williams continued stating that there are year-round campaigns that focus on targeted campaigns with custom messaging using directory data to include social media (paid/unpaid), website updates, direct mail postcards, custom email/text messaging campaigns, outdoor digital billboards, and search engine marketing.
Ms. Williams provided more information regarding data driven marketing and messaging that will focus on targeting users based on search preferences, phone number, email address, age, location, and interests which will provide instant feedback, drives potential customers back to DMC website, and provides a means to measure. Ms. Williams provided examples of campaigns regarding the October Minimesters which included: YouTube ads, Facebook/Instagram story and regular ads, BLIP billboard, 8-week courses. October Minimester results included helpful information that showed how many clicks to campaign landing page which was 65 per day and showed the average time spent on webpage: 2 minutes, 38 seconds. This data can be adjusted as needed from the immediate results provided.
Dr. Escamilla provided introductory remarks regarding the communication and marketing plan for the Southside Campus. Ms. Williams continued with the presentation and stated that the purpose is to market the new southside campus to potential students while ensuring and maintaining effective recruitment and retention practices.
Ms. Williams provided information regarding the goals of the marketing with includes a phased marketing/communications approach that will include developing and finalizing a southside DMC rebranding process; increasing public awareness related to the southside campus and its course offerings; targeting prospective students with clearly defined recruitment tactics; and monitoring feedback and recruitment/retention efforts. Always retargeting and refining the process. There will be three centers for excellence focusing on culinary arts and hospitality, architecture and engineering, and biotechnology and STEM plus core courses that will be offered as well.
Ms. Williams provided data regarding southside growth of the City of Corpus Christi. The Southside/London Area Growth has grown 2.04% annually compared to the City of Corpus Christi’s 0.99% annual growth. The London area has grown 7.29% annually compared to the City of Corpus Christi 0.99% annual growth. The percent of Del Mar College students that
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live on the southside is 39%. The potential southside student market for students that drive is between ages 18-64: 2020 was 168,700 and through a projected number into 2030 is 175,700 with 3,500 fully operational baseline enrollment goal. Another potential pocket for recruitment is the overall adult population. One of the goals is to increase adult students to 3%.
Ms. Williams provided information of a general timeline as follows:
Phase One: Fall 2020-Summer 2021 - Focus is to develop and finalize southside DMC rebranding process including: review existing DMC board policy ‘B3.7 Naming of Building and Other. Recognition: Revised May 14, 2019’; develop rebranding process; select and approve final DMC rebrand. Rebranding will include developing a distinctive sub-brand naming convention for the new southside campus developing distinctive sub- brand naming convention for existing East and West Campuses; possible update of the College’s logo and tagline. Rebranding will not include changing the name of the College or the mascot name or likeness. Ms. Williams reviewed an in-depth timeline regarding establishing the rebranding process.
Phase Two: Summer 2021-Opening - Focus is to increase public awareness related to the southside campus and its course offerings to include: Begin creative services concepting for integrated marketing campaign and Launch integrated marketing campaign.
Phase Three: Spring 2022-Opening - Focus is to target prospective students with clearly defined recruitment tactics. Tactic: Send targeted direct mail to zip codes surrounding Southside campus area (ex: dual credit, university transfer, program specific). Tactic: Use geotargeting to deliver online digital/social media ads promoting registration/program offerings.
Maintenance Phase: Campus opening (2022) and beyond. Focus is to monitor feedback and recruitment/retention efforts which include review fall 2022 registration analytics, review website traffic to key Southside related landing pages, and review data and engagement from online/social media ads.
The next steps will include implementing Phase 1 of the plan; present recommended rebranding process at February board meeting; and identify stakeholders to be included in process.
Dean Dominguez, Ms. Williams, Dr. Silva, and Dr. Escamilla responded to questions from the Board of Regents.
ADJOURNMENT: The meeting was adjourned at 11:48 a.m.
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MINUTES OF THE REGULAR MEETING OF THE BOARD OF REGENTS OF THE DEL MAR COLLEGE DISTRICT
December 8, 2020
The Regular Meeting of the Board of Regents of the Del Mar College District convened at the Isensee Board Room, Del Mar College, Corpus Christi, Texas at 1:00 p.m. on Tuesday, December 8, 2020 by video and/or teleconference, with the following present:
Due to health and safety concerns related to the Coronavirus Pandemic Crisis, this meeting was conducted by video and/or teleconference and in accordance with guidance from the Texas Governor’s Office and the Texas Attorney General’s Office. Provisions were made for the public to participate in this meeting with public comments via livestream and/or telephonically.
From the Board:
Ms. Carol Scott, Dr. Nicholas Adame, Ms. Libby Averyt, Mr. Ed Bennett, Mr. Rudy Garza, and Ms. Susan Hutchinson.
Dr. Laurie Turner joined the Board of Regents after taking her oath of office.
From the College:
Dr. Mark Escamilla, President and CEO; Mr. Raul Garcia, Vice President and CFO; Ms. Lenora Keas, Executive Vice President and COO; Ms. Tammy McDonald, Vice President of Administration and Human Resources; Mr. August Alfonso, Vice President and Chief Information Officer; Dr. Rito Silva, Vice President of Student Affairs; Mr. Augustin Rivera, Jr., General Counsel; Mr. John Strybos, Vice President and Chief Physical Facilities Officer; Ms. Lorette Williams, Executive Director of Strategic Communication and Government Relations; Dr. Natalie Villarreal, Director of External & Board Relations; Ms. Mary McQueen, Executive Director, Development; Ms. Delia Perez, Executive Administrative Assistant to the President & Board Liaison, and other staff and faculty.
CALL TO ORDER QUORUM CALL/MOMENT OF SILENCE/PLEDGE OF ALLEGIANCE/VISION STATEMENT
Ms. Scott called the meeting to order with a quorum present. She requested a moment of silence followed by the Pledge of Allegiance and Del Mar College Vision Statement.
GENERAL PUBLIC COMMENTS – The public was given the opportunity to provide public comments (both general and specific to any agenda item) by calling a toll-free phone line prior to the Board meeting and registering with their name and subject of public comment.
There were no public comments made for this meeting.
NOVEMBER BOARD OF REGENTS ELECTION:
Jessica Alaniz, Director of Risk Management and Election Administrator, administered the oath of office to the newly elected Del Mar College Board of Regents: Dr. Nicholas Adame, Ms. Carol Scott, and Dr. Laurie Turner.
Ms. Scott, Dr. Turner and Dr. Adame provided words of gratitude to their constituents.
The Board of Regents provided words of recognition for Dr. Mary Sherwood on her service as Regent of the Board from 2018 - 2020. Dr. Sherwood responded with words of appreciation.
The Election of Officers:
Board of Regents Chair: Regent Hutchinson nominated Carol Scott for Chair of the Del Mar College Board of Regents. Regent Adame seconded the nomination. There were no other nominations for Chair of the Board of Regents. A vote was taken by a show of hands and the nomination carried unanimously, 7-0, with Regents Scott, Adame, Averyt, Bennett, Garza, Hutchinson, and Turner in favor. Regent Scott was elected as the Chair of the Del Mar Board of Regents.
Board of Regents First Vice Chair: Regent Averyt nominated Dr. Nick Adame for First Vice Chair of the Del Mar College Board of Regents. Regent Hutchinson seconded the nomination. There were no other nominations for First Vice Chair of the Board of Regents. A vote was taken by a show of hands and the nomination carried unanimously, 7-0, with Regents Scott, Adame, Averyt, Bennett, Garza, Hutchinson, and Turner in favor. Regent Adame was elected as the First Vice Chair of the Del Mar Board of Regents.
Board of Regents Second Vice Chair: Regent Turner nominated Regent Bennett for Second Vice Chair of the Board of Regents and Regent Adame nominated Regent Hutchinson for Second Vice Chair. A roll call vote was taken with Regents Adame, Averyt, Hutchinson, and Scott voting for Regent Hutchinson and Regents Bennett, Garza and Turner voting for Regent Bennett Regent Hutchinson was elected as the Second Vice Chair for the Del Mar College Board of Regents.
Board of Regents Secretary: Regent Adame nominated Regent Averyt for Secretary of the Board of Regents and Regent Bennett nominated Regent Turner for Secretary. A roll call vote was taken with Regents Adame, Averyt, Garza, Hutchinson, and Scott voting for Regent Averyt and Regents Bennett and Turner voting for Regent Turner. Regent Averyt was elected as the Secretary for the Del Mar College Board of Regents.
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RECOGNITIONS………………………………………………………………….Dr. Jonda Halcomb (Goal 4: Learning Environments)
Dr. Halcomb began Recognitions by introducing Dr. Tammy Francis, Assistant Professor of Reading and Faculty Coordinator of Developmental Education. Dr. Francis was selected by her peers and the Faculty Professional Recognition and Awards Committee to be the College’s 2021 Minnie Stevens Piper Professor Award Nominee. This award recognizes professors for outstanding academic, scientific and scholarly achievement of her dedication to the teaching profession. The final decision will be announced in May of 2021. Also, Dr. Francis was recognized by Phi Theta Kappa Honor Society for her five years of service as Advisor for the Gammy Sigma Chapter at Del Mar College.
Dr. Francis expressed words of appreciation and gratitude.
STUDENT SUCCESS REPORT……………………Dr. Rito Silva and Ms. Mary McQueen
Dr. Silva began by thanking Dean Davis Merrell for the information provided for this presentation. Dr. Silva continued and stated that the students in the Fire Science Academy has continuously exceeded the state average for fire protection licensing exam. The most recent exam showed a 73% passing rate in the first attempt and 87% passing rate on the second attempt compared to the State’s average of 60% passing rate. The success of this Program is a direct reflection to the current Del Mar College instructors. Chief Mike Smith has served as the Program Coordinator since 2018 when he took over the program and implemented new policy and increased the coursework that has become one of the most successful programs in the State of Texas. In the Spring of 2018, the Del Mar College Fire Academy and the Del Mar College EMT/Paramedic programs began with the Corpus Christi Fire Department to train their new cadets and prepare them for the state exam while working in the field for the City of Corpus Christi. The cadets are hired by the City of Corpus Christi and sent through the Del Mar College Fire Academy and EMT/Paramedic program. The cadets’ passing rate is exceptional with a first attempt 93.5% and 100% passing rate on their second attempt. (Goal 5: Workforce Development, Community Partnerships, and Advocacy)
Ms. McQueen began her presentation and stated that the Del Mar College Foundation performed a research project with the Institutional Research Department’s assistance to find out how successful scholarships are in helping students complete their courses and complete their area of study. The information was shared with donors to show their investment in students’ lives made a difference. The three cohorts studied were 1) Foundation Scholars, 2) Financial Aid Students, and 3) No Financial Support Students. Ms. McQueen provided course completion rates for the years 2017, 2018 and 2019. Foundation Scholars completed or graduated at 19.2% higher rate with scholarships than students who received no financial aid and also completed their courses at 24.1% higher rate than the students who had no financial aid. Ms. McQueen stated that many students state that donors giving is the motivational push that fuels their internal inspiration to succeed and eventually pay-it-forward. Scholarships benefit College funding as 10% of
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community college funding from the state is determined by student achievement, defined by a performance-based funding model called the student success points model. (Goal 6: Financial Effectiveness and Affordability)
Ms. McQueen responded to questions from the Board of Regents.
COLLEGE PRESIDENT'S REPORT ...... Dr. Mark Escamilla
Campus Wide Update (Goal 4: Learning Environments)
Dr. Escamilla provided a campus update and stated that less than 5% of the student body will return to campus for face-to-face classes to complete their requirements and their finals. Dr. Escamilla stated that employees are still working remotely, and the College will continue to monitor the COVID-19 and flu season data from our governmental entities. The main focus as always is on the health and safety of all people who are on our campuses.
Dr. Escamilla asked all to help celebrate our students and participate in the Fall 2020 Commencement Ceremony which will begin at 7 p.m. on Friday, December 11, 2020 on all of the College’s social media platforms.
Additionally, Dr. Escamilla reminded all that the College will be closed for the Winter break from December 21, 2020 through January 3, 2021. Dr. Escamilla concluded by wishing Happy Holidays to everyone.
Dr. Escamilla responded to questions from the Board of Regents.
BOARD NOTIFICATIONS:
• Revised Administrative “A” Procedures (B9.1 Prohibiting Sexual Misconduct) (Goal 4: Learning Environments)
Chair Scott provided opening remarks regarding administrative policy procedures and changes. Chair Scott introduced Ms. Tammy McDonald, Vice President of Administration and Human Resources. Ms. McDonald provided background information and notification regarding administrative procedure revisions. The revisions were extensive and completed as required by Federal and State regulations.
STAFF REPORTS:
• Annual Foundation Update…………………………………...Ms. Mary McQueen (Goal 6: Financial Effectiveness and Affordability)
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Ms. McQueen began her presentation of the Del Mar College Foundation by describing the two departments involved: Development/Fundraising which manages donor development and stewardship, major gifts, special events, annual campaigns, planned giving, and corporate/foundation grants. Foundation Services manages scholarships, donor database, DMCF financials, and asset investment.
Ms. McQueen reviewed the DMC Foundation’s financials as follows: Assets for Fiscal Year 2020 of $25,404 million and as of the end of November 2020 the amount is $28.4 million which quadrupled since 2009. The 2020 Fiscal year fundraising amount was $4.8 million which increased 29% over 2019 which was a record high. The 5-year fundraising average is $3.0 million per year for years 2016-2020.
Scholarships awarded from 2019-2020 totaled $1.6 million, 1,598 students were served for Fiscal year 2020, 4,325 students received scholarships over the past three years, and 10,960 students received financial aid of any nature during the past three years. There is also emergency aid and scholarships provided to students when they find themselves in a sudden crisis. Since January 2020, $87,278 emergency aid was given to 175 students and $129,571 in emergency scholarships was given to 220 students.
Ms. McQueen stated that the Foundation provides stewardship to the donors by sharing information about how their investment impacts Del Mar College students. An Annual Scholarship Report is prepared and sent to every Scholarship donor, whether endowed or direct scholarship. Another act of stewardship is the Annual Scholarship Reception where donors and students get to meet. In 2020, the Reception was virtual. Currently, there are 150 videos or messages of “Thank you” of students with donors. The donors receive the “Thank you” messages and get an opportunity to send a message in return.
Ms. McQueen provided information regarding other programs that the Foundation assists with including Planned Giving, Workforce Equipment, COVID Relief, and Rebuild Texas. Also, Ms. McQueen reviewed upcoming fundraising goals such as increase person-to-person fundraising, reduce event fatigue, increase effectiveness of staff/trustee time and revamp events to increase mission focus. Ms. McQueen continued and provided detailed information regarding the Foundation’s fundraising programs including Bernie’s Spring Bash 2020, Stringers for Scholarships, and Over the Edge.
Ms. McQueen responded to questions from the Board of Regents.
• 2021-2022 Budget Calendar and Tuition Update…………..………Mr. Raul Garcia (Goal 6: Financial Effectiveness and Affordability)
Dr. Escamilla provided introductory remarks regarding the upcoming budget, tuition and student charges. Mr. Garcia provided opening remarks and introduced Ms. Jackie Landrum. Ms. Landrum reviewed the Fiscal Year Budget Plan Calendar for 2022 and some of the upcoming years deadlines. Ms. Landrum stated the budget approval will go
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before the Board in August 2021 even though the College does not know what the state appropriations will be until June or July 2021.
Mr. Garcia moved forward and provided information regarding peer group characteristics of the College as well as our peers. Del Mar College is classified as a large college by the Texas Higher Education Coordinating Board. Mr. Garcia reviewed the contact hours which is an indicator of the College’s financial capacity as the basis for determining the College’s share of the state appropriations funding. The College has the second largest contact hours with 4,827,097, second largest number of enrollments with a headcount of 12,008, largest number of part-time student enrollment at 78% and the technical student enrollment at 28% which is the midpoint of the group.
Mr. Garcia continued and reviewed student affordability for attending Del Mar College. For the fall of 2019, annual cost of attendance was $3,260 and the statewide community college average was $3,250. From Fiscal Year 2013 to 2020, the College was second lowest average tuition and mandatory fees increased in our peer group to $5.05 per Semester Credit Hour (SCH) and below the statewide average of $7.03 SCH. The College cost of attendance for the first two years is 60% of the cost to attend a local university. Mr. Garcia reviewed how financial aid significantly reduces the costs of attendance. Del Mar College had approximately 73% of its students receiving some type of financial aid with an average of $5,375.00, $5,183 awarded in Pell grants, and approximately 13% of students received federal loans in the amount of $2,987.
Mr. Garcia provided additional information and details regarding the tuition and fee rate structure for Fiscal Year 2021. For the fall of 2021, the total for 30 semester hours will be $3,320. Mr. Garcia also provided factors that influence rate change for Fiscal Year 2022. The past year, due to the pandemic, the College Student Success Support System came to a greater degree in the form of technology. The College increased technology investments to include cyber security, firewall enhancements, laptop purchases for Student Loaner Program, Wi-Fi access expansions for parking lot student access, and an increase in software license purchases. Student affordability is one of the College’s top priority. Mr. Garcia reviewed possible modest tuition increases and cost for semester credit hours. Mr. Garcia stated that upon more research, the College will be prepared to make a recommendation to the Board at a later date.
Dr. Escamilla provided additional comments.
Ms. Landrum and Mr. Garcia responded to questions from the Board of Regents.
• Interim Status Report of Grant Management Audit by Grants Sponsored Research Office (GSRO) Staff……...... Mr. Raul Garcia (Goal 6: Financial Effectiveness and Affordability)
Mr. Garcia provided background and information regarding the Weaver Internal Audit Report regarding the administration and operations of the Grant Sponsored Research
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Office (GSRO). The GSRO has been working on institutionalizing corrective action plan to address the Weaver Internal Audit Report. Mr. Garcia introduced the new Grant Director, Christina Gonzalez, who will manage the College’s grant portfolio and monitor grant compliance requirements, support the strategic plan of the College, manage grant related training, design grant operating activities, and will act as Liaison to the internal and external auditors on grant related items.
Mr. Garcia then introduced Dr. Larry Lee who addressed audit findings. Dr. Lee provided more details regarding the GSRO and how it helps to identify appropriate funding opportunities, facilitate proposal development and submission, assist principal investigators/project directors to successfully implement and manage their projects, coordinate submission of financial aid programmatic reports, maintain a database concerning grants and related documents, and provide training on grant related topics.
Mr. Garcia continued and stated that the College has received a total of $45.9 million in alternative grant funding from Fiscal Year 2016 to 2020 from various federal, state local agencies and the Foundation. Dr. Lee and Director Gonzalez proceeded with a summary of the overall response to the findings and the corrective actions taken regarding the Weaver report audit findings.
• 2020 Annual Security and Safety Report (Clery Act)…………...Ms. Lauren White (Goal 4: Learning Environments)
Ms. White provided a background and requirements regarding the Jeanne Clery Act. Ms. White stated that the 2020 Annual Security and Safety Report is available online on the College’s website. Ms. White then spoke and reviewed the crime statistics and comparisons for the years 2017 through 2019. Ms. White noted that a majority of crimes do not involve our College students, faculty, or staff. Ms. White discussed the Department of Education changes to Title IX policy requirements. Del Mar College’s policy has been updated to meet the new requirements. Ms. White thanked the Clery Compliance Committee members for their assistance with the annual report.
• Review of Professional Service Contracts List…….....…Ms. Tammy McDonald (Goal 6: Financial Effectiveness and Affordability)
Ms. McDonald provided information regarding the latest professional service contracts. Ms. McDonald explained the color-coded system she developed. Ms. McDonald reviewed the contracts that have expired, the contracts that will be expiring (2014 Bond), and the contracts that have had changes.
Mr. John Strybos and Dr. Escamilla responded to questions from the Board of Regents.
PENDING BUSINESS:
Status Report on Requested Information
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(Goal 5: Workforce Development, Community Partnerships, and Advocacy)
Chair Scott reviewed the list of pending business.
CONSENT AGENDA
CONSENT MOTIONS: (At this point the Board will vote on all motions not removed for individual consideration.)
ITEMS FOR DISCUSSION AND POSSIBLE ACTION:
1. Approval of Minutes: Regular Board Meeting, October 13, 2020 (Goal 5: Workforce Development, Community Partnerships, and Advocacy)
2. Acceptance of Investments for November 2020 (Goal 6: Financial Effectiveness and Affordability)
3. Acceptance of Financials for October 2020 (Goal 6: Financial Effectiveness and Affordability)
Public comments for consent agenda items
Regent Averyt made a motion to adopt the consent agenda items. Regent Adame seconded the motion. There was no further discussion from the Board. There were no public comments. A vote was taken by a show of hands and the motion carried unanimously, 7-0, with Regents Scott, Adame, Averyt, Bennett, Garza, Hutchinson, and Turner in favor.
REGULAR AGENDA
4. Discussion and possible action related to the 2019 Annual Audit, presented as the Comprehensive Annual Financial Report (CAFR) for the Fiscal Year ended August 31, 2020 and 2019……………………………………………………Mr. Raul Garcia (Goal 6: Financial Effectiveness and Affordability)
Mr. Garcia thanked Dr. Cathy West, John Johnson and the Business Office who were very instrumental in providing the support during the extraordinary circumstances of the pandemic.
Mr. Garcia introduced Ms. Brigid Cook with Collier, Johnson and Woods who presented
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an overview of the College’s financial statements and information included in the Comprehensive Annual Financial Reports (CAFR) for Fiscal Years ended August 31, 2020 and 2019. Ms. Cook also provided information regarding virtual auditing as it relates to specific testing needed for the CARES Act and reporting to the Board of Regents.
Ms. Cook further discussed the College’s Statement of Net Position which had total assets and deferred outflows increased $98 million. Current assets increased by $10 million due to increase in short term investments necessary to pay for capital improvements. Capital Assets increased $40.7 million largely due to ongoing construction projects. Deferred outflows decreased $1.7 million but are offset by other pension and other post-employment benefits (OPEB) liabilities and deferred inflows.
Some additional financial highlights of fiscal year 2020 discussed were as follows:
In July, the College issued $22,150,000 and $56,285,000 in Limited Tax Bonds, Series 2020A and 2020B respectively. Series 2020A is the final issue of the $157,000,000 voter approved bond election held on November 4, 2014. Proceeds from the sale of the Bonds will be used to construct and equip school buildings within the district. Series 2020B is the final issue of the $139,000,000 voter approved bond election held on November 8, 2016. Proceeds from the sale of the Bonds will be used to construct and equip school buildings for an undeveloped site, and other facilities relating to Phase 1 of the District’s new South Campus located near the intersection of Rodd Field Road and Yorktown Boulevard.
Total unrestricted net position increased $10.6 million as a result of this year’s operations which represents a 20.3% increase over the prior year. This was accomplished through conservative fiscal management.
Total non-operating revenues increased by $7.6 million primarily due to ad valorem tax collections. $3.9 million of the amount collected over the preceding year was due to a 7.71% increase in property value and a .75% increase in the M&O rate.
Statement of Net Position for Del Mar College Management’s analysis for the years as follows:
2019-2020
For fiscal year 2020, total assets and deferred outflows of resources increased by approximately $98 million. Current assets increased by $10 million primarily due to an increase in short term investments necessary to pay for obligations on capital improvement projects. Prepaid expenses included within the current asset category increased by $2.1 million for the purchase of X-RAY equipment and an
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industrial process trainer. Offsetting this was a $1.7 million decrease in accounts receivable caused by an 8.5% enrollment decrease for the fall term of 2020. Net capital assets increased by approximately $40.7 million. Restricted noncurrent cash decreased by $21.9 million primarily due to construction payments made on capital projects. Noncurrent restricted investments increased by $71 million largely due to proceeds of $92.2 million received for the issuance of the 2020A and 2020B Limited Tax Bonds.
Total liabilities and deferred inflows of resources increased by $81 million. The largest contributing factor was the issuance and recording of the Limited Tax Bonds, Series 2020A & 2020B debt totaling $78.4 million. Current liabilities increased by $6.5 million from the recording of the current portion of OPEB liability of $1.9 million and increase in accounts payable and accrued liabilities of $3.5 million for construction vendors on capital improvement projects. Deferred inflows related to OPEB decreased by $9.4 million. The decrease in liability was largely due to a 1.37% reduction in the College’s proportionate share of the State’s unfunded liability.
The College’s net position increased by $17 million. This increase was in part due to the College’s substantial investment in net capital assets, an increase over the prior year of $6.1 million. Unrestricted net position increased by $10.6 million. This was mostly attributable to increased maintenance ad valorem tax collections of $3.9 million, increase in non-operating federal revenue of $3.6 million, and prudent fiscal monitoring of operating expenses which were maintained at the previous year level.
2018-2019
For fiscal year 2019, total assets and deferred outflows of resources increased by approximately $24.8 million. Current assets increased by $7.9 million primarily due to an increase in short term investments necessary to pay for obligations on capital improvement projects. Another significant cause for this was due to a $2.5 million dollar increase in student and grant receivables due to the timing of student collections and the drawing down of grant funds. Net capital assets increased by approximately $43.3 million. Restricted noncurrent cash and investments used to pay for these capital investments decreased by $33.7 million. Deferred outflows of resources increased by $7.2 million due to changes in actuarial assumptions that will be amortized in future years. Deferred outflows of resources related to pensions increased by $7.7 million for the year ended August 31, 2019. Deferred loss on bond refunding decreased $522 thousand for 2019 as scheduled amortization of losses from prior advanced refunding continue.
Total liabilities and deferred inflows of resources increased by $3 million. Items having the largest impact on the change was an increase in current liabilities of $9.5 million mostly from vendor payables for new technical and workforce
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equipment purchased at year-end of $3 million, $3.7 million in construction progress accruals and an increase in unearned revenues for local grants of $2.1 million. Noncurrent liabilities decreased by $21 million. The largest contributing factor was bond principal payments of $10.1 million and bond premium amortization of $2.1 million. In addition, a change in actuarial assumptions reclassified amounts previously recorded as a post-employment liability to deferred inflows that will be amortized over ten years. Deferred inflows related to OPEB increased by $14.4 million while net OPEB liability decreased by $18.2 million. The additional decrease of $3.8 million in liability was largely due to a 2.8% reduction in the College’s proportionate share of the State’s unfunded liability.
The College’s net position increased by $21.8 million. This increase was largely due to the College’s substantial investment in net capital assets, an increase over the prior year of $19.4 million. Restricted net position such as grants from third-party agencies with expenditure restrictions or assets designated for debt service decreased by $4.1 million. Unrestricted net position increased by $6.4 million. This was mostly attributable to increased maintenance ad valorem tax collections of $2.8 million, increase in investment revenue of $3.4 million, and prudent fiscal monitoring of operating expenses which were maintained at the previous year level.
Ms. Cook reported that on internal controls and compliance matters, they did not identify any deficiencies in internal control over financial reporting that is considered material weaknesses. Also, the results of their tests disclosed no instances of noncompliance or other matters (related to a grant) required to be reported under Government Auditing Standards. Ms. Cook stated that since there was no weakness or significant deficiency, there is no Management letter. The GFOA certificate is a certificate in excellence and financial reporting which has been received for 2019. Ms. Cook fully expects a GFOA certificate to be received for Fiscal Year 2020 as well.
Ms. Cook and Mr. Garcia responded to questions from the Board of Regents.
Regent Hutchinson made a motion to adopt the College’s Comprehensive Annual Financial report (CAFR) for the fiscal years ended August 31, 2020 and 2019 subject to requested follow-up notations. Regent Adame seconded the motion. There was no further discussion from the Board. There were no public comments. A vote was taken by a show of hands and the motion carried unanimously, 7-0, with Regents Scott, Adame, Averyt, Garza, Hutchinson, and Turner in favor.
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5. Discussion and possible action related to approval of purchase of removal and replacement of five fire hydrants at the West Campus….……Mr. John Strybos (Goal 3: Academic Preparedness and Student Learning)
Mr. Strybos provided a summary and background regarding the use of fire hydrants on the West Campus by the Regional Fire Academy for training. Mr. Strybos provided information and quotations from vendors for removal and replacements of five fire hydrants, concrete removal and replacement, and labor. Ms. Strybos requested that the Board of Regents accept the quote from Clark Pipeline Services LLC in the amount of $43,183.46 and a 10% contingency of $4,319 from the funding source 2014 Bond unallocated interest income.
Regent Adame made a motion to approve the purchase, removal and replacement of the five fire hydrants on the West Campus. Regent Hutchinson seconded the motion. There was no further discussion from the Board. There were no public comments. A vote was taken by a show of hands and the motion carried unanimously, 7-0, with Regents Scott, Adame, Averyt, Garza, Hutchinson, and Turner in favor.
6. Discussion and possible action related to Internal Audit Services Request for Qualifications Recommendation for Selection………………..Ms. Tammy McDonald (Goal 6: Financial Effectiveness and Affordability)
Ms. McDonald provided a background and summary of the College issuing an RFQ asking for internal audit services on October 12, 2020. The Evaluation Committee agreed to interview three firms: Moss Adams LLP located in Houston, Texas; Baker Tilly US, LLP located in Tysons, VA, and Weaver and Tidwell, LLP located in Austin, TX. Regent Bennett provided additional comments regarding the Evaluation Committee’s assessments.
Regent Bennett made a motion to adopt the Evaluation Committee’s recommendation to approve Weaver and Tidwell, LLP for internal audit services and also to authorize administration to proceed with contract negotiations. Regent Averyt seconded the motion. There was no further discussion from the Board. There were no public comments. A vote was taken by a show of hands and the motion carried unanimously, 7-0, with Regents Scott, Adame, Averyt, Bennett, Garza, Hutchinson, and Turner in favor.
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7. Discussion and possible action on proposed annexation order under Texas Education Code Section 130.066………………,…………Mr. Augustin Rivera, Jr. (Goal 5: Workforce Development, Community Partnerships, and Advocacy)
Mr. Rivera informed the Board of Regents on how the Del Mar College District can expand its territory by “automatic annexation” under the Texas Education Code § 130.066, entitled “Automatic Annexation of Certain Territory.” Mr. Rivera stated that this will be a yearly review for the Board of Regents to order the addition of new territory annexed by the City of Corpus Christi. Mr. Rivera notified the Board that the City of Corpus Christi did not annex any property the previous year and no action was necessary.
At 3:28 p.m., the Chair announced the Board was going into Closed Session pursuant to:
9. CLOSED SESSION pursuant to:
A. TEX. GOV’T CODE § 551.071: (Consultation with legal counsel), regarding pending or contemplated litigation or legal claims, or a settlement offer, with possible discussion and action in open session; and, the seeking of legal advice from counsel, with possible discussion and action in open session; and,
B. TEX. GOV’T CODE § 551.073: (Deliberation Regarding Prospective Gift), regarding a prospective gift or donation, with possible discussion and action in open session.
The Board reconvened in Open Session at 4:02 p.m.
8. Discussion and possible action related to proposed naming for gift of significance ……………………………………………………………………Ms. Mary McQueen (Goal 5: Workforce Development, Community Partnerships, and Advocacy)
Ms. McQueen provided a summary and background regarding the proposed naming opportunity in recognition for a gift of significance. Ms. McQueen stated that there is a donor family that would like to give the College $1.0 million and the Foundation is requesting that donor family be given recognition on the southside campus in the naming of Community Rooms in the Culinary Arts Building.
Regent Adame made a motion to negotiate and authorize the College and Foundation to enter into a Naming Agreement with a donor for stipulated location on the south campus as discussed in Closed Session. Regent Bennett seconded the motion. There was no further discussion from the Board. There were no public comments. A vote was taken
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by a show of hands and the motion carried, 6-0, with Regents Scott, Adame, Averyt, Bennett, Garza, and Turner in favor. Regent Hutchinson abstained from voting.
CALENDAR: Discussion related to dates on Del Mar College’s calendar.
ADJOURNMENT: The meeting was adjourned at 4:07 p.m.
MINUTES REVIEWED BY GC: /s/ARjr
PUBLIC NOTICE is given that the Board may elect to go into executive session at any time during the meeting in order to discuss matters listed on the agenda, when authorized by the revisions of the Open Meetings Act, Chapter 551, of Texas Government Code.
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Del Mar College
Fiscal Year 2021-2022 Tuition and Fee Assessment
February 9, 2021
Raul Garcia, Vice President and CFO AGENDA
PEER GROUP CHARACTERISTICS
STUDENT AFFORDABILITY
FY 2021 TUITION AND FEE RATE STRUCTURE
FACTORS INFLUENCING POSSIBLE FY 2022 RATE CHANGES Peer Group Characteristics • Biennium contact hr. range from 2.9M to 5.3M Service • Largest contract hour enrollment: Tyler, Central Texas and Del Mar District’s • Largest head count enrollment: Tyler, Del Mar, and Laredo Medium • Largest part-time student enrollment: Del Mar, Central Texas, and ** Biennium Household North Central Texas College Contact Hrs. * Academic * Voc. / Tech. Income • Largest % of academic enrollment: Navarro, South Plaines and North Tyler 5,281,847 60.0% 40.0% 53,046 Central. Del Mar’s enrollment at midrange. Central Texas 4,263,593 71.0% 29.0% 54,965 Del Mar 4,827,097 72.0% 28.0% 54,695 • Service District’s medium household income range from $45,645 to $69,738 Amarillo 3,802,842 58.7% 41.3% 46,875 South Plains 3,847,680 81.0% 19.0% 52,052 Source: * 2020 Texas Public Higher Education Almanac Navarro 3,447,131 81.9% 18.1% 65,670 ** 2020-2021 Biennium Community College Formula Funding North Central 3,236,999 76.1% 23.9% 69,738 Report. Includes Spring 2020, Summer 2020, Fall 2020. The 2021 Spring Flex hours information is pending. Laredo 2,883,420 68.6% 31.4% 45,645
9,766 12,291 10,165 9,492 12,008 9,382 9,179 8,036 100.0% * Full-Time Students * Part Time Students 12,000
90.0%
10,000 College (Fall 2019) (Fall 2019) 29.0% 28.0% 23.9% 80.0% 41.3% 40.0% 31.4% 19.0% 18.1% 70.0%
Del Mar 22% 78% 8,000
60.0%
50.0% Central Texas 23% 77% 6,000 81.9% 40.0% 4,000 81.0% 71.0% 72.0% 76.1% 30.0% North Central 23% 77% 58.7% 60.0% 68.6% 20.0%
2,000
Laredo 31% 69% 10.0% Amarillo 31% 69% - 0.0% Amarillo Tyler Laredo Central Del Mar North South Navarro Navarro 34% 67% Texas Central Plains South Plains 46% 54% Texas Tyler 41% 59% * Head Count (Fall 2019) * Academic Prog. * Technical Prog. Student Affordability
• Affordable degree and certificate programs • Minimal average tuition increases from 2013 to 2020: • Del Mar’s Annual Cost of Attendance of Amarillo ($3.5) and Del Mar College ($5.05) $3,260 is at the midrange of the group Source and notes: • Del Mar’s Annual Cost of Attendance at par - Texas Higher Education Coordinating Board Community with the statewide community colleges Colleges Tuition and Fee Data Fall 2019 Report average of $3,250 - Annual cost of attendance based on 30 SCH. • Cost of attendance for the first two years at - Annual cost of attendance consists of tuition and 60% of the cost to attend a local University mandatory fees
$5,000 ANNUAL COST OF ATTENDANCE $17.00 $4,996 $16.55
$4,500 $15.00 $14.29 $4,080 $4,000 $3,540 $3,758 $13.00 $3,330 $3,500 $2,962 $3,260 $10.04 $3,258 $3,250 $11.00 $2,670 $3,000 $10.34 $3,000 $2,730 $2,512 $9.00 $2,262 $2,486 $2,500 $2,302 $2,672 $7.14 $7.00 $6.67 $7.03
$2,000 $5.00 $1,500 $5.05 $1,500 $3.50 $3.00
$1,000 $1.00 Amarillo Tyler North Central Del Mar Central Navarro Laredo South State Wide Texas Texas Plains Average FY 2013 FY 2020 Avg. SCH Change Student Affordability (Continued)
• District’s Medium Household Income ranges from $45,645 to $69,738 • Most affordable: North Central Texas and Tyler • Del Mar’s affordability ranking at midrange • Least affordable: South Plains and Laredo
Source: - U.S. Business Census (in 2019 dollars) - Service District as described by Texas Legislature Student Affordability (Continued) Financial aid awards * Annual * Students ** Avg. • 2021-2022 Maximum Pell award increased to * Student * Annual * Avg. Avg. Rcving Transfers $6,495 from $6,345 College Rcving Fin. Avg. Pell Federal Financial Federal Student Aid Award Loan Award • Average financial award for full-time beginning Aid Award Loan Debt undergraduates is $5,375 South 82% $ 5,687 $ 5,336 $ 5,077 28% $ 16,149 • Average Federal Pell award is $5,183 Plains • Average financial aid refund for first year full- Laredo 80% 5,657 5,346 0 0% 20,002 time students is $2,115
• Over 73% of our first year full-time receive Tyler 76% 5,647 5,286 5,105 38% 18,469 financial aid Least amount of student loan debt Del Mar 73% 5,375 5,183 2,987 13% 13,577 • Lowest average annual student debt: Laredo and Del Mar Amarillo 72% 4,350 4,518 5,657 9% 17,339
• Lowest loan debt upon transferring / Central 72% 5,188 4,964 4,339 28% 15,115 completion: Laredo and Del Mar Texas Source: Navarro 63% 5,720 5,159 5,016 32% 17,532 (*) Integrated Postsecondary Education Data System (Full- time Beginning Undergraduates for the 2018 – 2019 year): North 62% 5,157 4,793 4,268 24% 19,792 (**) 2020 Texas Public Higher Education Almanac Central Tuition and Fee History Rate Increase History Fall Fall Fall Fall Fall Fall Fall Fall Fall Fall Fall Description 2010 2011 2012 2013 Total 2014 2015 2016 2017 Total 2018 2019 2020 Increase (1SCH) $9 $8 $1 $5 $23 $1 $0 $0 $5 $6 $3 $3 $2 Rate per student 8 10 0 2 20 0 0 0 0 0 8 0 0 Rate Increase $17 $18 $1 $7 $43 $1 $0 $0 $5 $6 $11 $3 $2 Cost of Attendance History Student A Student B 2009 H.S. senior Fall Fall Fall Fall 2013 H.S. Fall Fall Fall Fall Fall Fall Fall Description year 2010 2011 2012 2013 Change senior yr. 2014 2015 2016 2017 Change 2018 2019 2020 Increase (FA and SPR 16SCH) $1,088 $1,232 $1,360 $1,376 $1,456 $368 $1,456 $1,472 $1,472 $1,472 $1,552 $96 $1,600 $1,648 $1,680 Rate per Student 114 130 150 150 154 40 154 154 154 154 154 0 170 170 170 Cost of Attendance Increase $1,202 $1,362 $1,510 $1,526 $1,610 $408 $1,610 $1,626 $1,626 $1,626 $1,706 $96 $1,770 $1,818 $1,850
• Tuition increases from fall 2010 to Fall 2013 in response to State • 2013 H.S. Senior graduate Student B experienced a Funding reductions caused by 2007 recession $16 tuition increase in their first year of Fall 2014 and • Steady and modest tuition increase to promote affordability for all $96 for all four years. students and minimize sticker shock • 2009 H.S. Senior graduate Student A experienced $160 tuition increase in their first year of Fall 2010 and $408 for all four years. Fiscal Year 2021 Tuition and Fee Rate Structure
TUITION FEE is used to fund all other operating activities of the institution 16 semester Description Rates MANDATORY FEES hours • The General Use Fee is used to funds the cost of transcripts, graduation, grounds improvements, technology centers, campus Semester Rate Per Credit Hour security and parking. In District Tuition $ 69 $ 1,104 • The Building Use Fee is used to maintain, improve and equip campus General Use Fee 12 192 facilities. Building Use Fee 12 192
• The Matriculation Fee is used to fund the costs for creating and Matriculation Fee 12 192 maintaining student records. Subtotal $ 105 $ 1,680
• The Instructional Support Fee is used to fund the operations of the Semester Rate Per Student writing, math, reading and other student learning labs. Instructional Support Fee $ 70 $ 140 • The Student Services Fee is collected on behalf of student government Student Services Fee 15 30 and it is used to fund student cultural programs, intramural sports, Subtotal $ 85 $ 170 student club activities, the student newspaper, the Viking Food Pantry Grand total $ 190 $ 1,850 and other related student government initiatives. • Continued financial support for student success Semester Hour Estimated Semester Hour initiatives Cost for 8 SCH Rate Change Annual Revenue Rate Change • Student affordability $ 1 $ 158,000 $ 1 $ 8 • Steady and modest tuition increase 2 316,000 2 16 • Technology 3 474,000 3 24 • Institutionalized COVID 19 technology costs 4 632,000 4 32 • Student support and instructional technology 5 790,000 5 40 QUESTION AND ANSWER SESSION
Quarterly Investment Report
September 2020 – November 2020
Patterson & Associates New Players and New Agendas
Right or wrong, the policy environment during the pandemic has been complicated by politics and social agendas. This will undoubtedly continue causing uncertainty in the markets. At the onset of Covid-19 the Fed deployed multiple economic support measures. Accommodative policy grew to stabilize credit markets: lowering interest rates to zero, ramping up asset purchases, and launching multiple lending and liquidity programs which pumped trillions of dollars into the system. The Fed is still buying Treasuries of at least $80 billion per month and mortgage-backed securities of at least $40 billion per month, with purchases totaling $2.9T since March. The FOMC is mindful of the drastic taper tantrum of 2013 when Bernanke tried to Fe’s Dow take away the punchbowl and won’t do that again. Chair Powell has again repeated his "we're not thinking about thinking about" reducing QE or raising rates as the pandemic weighs on the U.S. economy. Read here: low rates. Now 2021 brings critics that argue the Fed has not done enough to encourage economic equality. (Which they actually started in 2019 in an outreach program on the Fed Board and regional banks.) In addition to the long-standing dual mandate of managing inflation and full employment any unstudied move for the Fed to address economic equality would surely bring the Fed into the Congressional domain. This is a slippery slope allowing regulatory controls (wages, lending, etc.) to side-step Congressional action. It would also tend to longer tend term rate accommodation. Congress throughout has been slow to take any action but with party control in Congress it should be more accountable and productive without redefining our core structure. The current trying economic situation needs stimulus but will providing simply more direct payment stimulus could prove problematic. One has to look at diminishing returns from earlier government outlays amid rising savings and investment rates among recipients, as well as rapidly rising federal debt to guess the outcome. A Focus on Downside Risks
We know that investors particularly, and people in general, fear uncertainty and hopes that it would disappear with 2020 are once again replaced with reality. There are simply too many challenges to think that things will improve quickly or easily. 2021 starts with a number of dismal indicators while resources are stretched to the brink. 10 million people Covid cases surge slowing chances of economic growth are out of work, 14 million are behind on rent, and 18% of families report a Active cases /100,000 persons lack of food. The growth spurt in October and November has sputtered. •The economy is stalling again after its holiday surge in Covid-19 cases. Consumers’ confidence has moved inversely with the uptick in cases which then slows entire supply chains. . •The much anticipated vaccine roll-out is falling well short of expectations and may extend through 2021 and that is without virus mutation events. •A unified government improves the chances for Biden’s agenda but does not guarantee it. Promises always meet harsh realities when fiscal facts are finally confronted. But political turmoil adds to pressure on long term rates forcing the Fed’s hand for continuing support. •Additional fiscal stimulus would provide some upside to the economic outlook but that also entails long term debt considerations. •Political unrest in many global hot spots will slow agendas. US-China tensions will not automatically disappear. Even UK-EU risks remain. •Bank asset quality and profitability are a concern even with support. •A slowing economy confirms the need for further stimulus which should also eventually point to higher inflation. But the expected reconciliation process may not be up to a $1.9 trillion tab. Inflation expectations are troubling •Fears of a double dip recession in Europe are crystallizing. The ECB has increased its bond-buying to €1.85 trillion and bank lending to €300 Billion.
Fear not, there are many good signs too. Real estate continues to boom with low mortgage rates and oil and gas activity has picked up on slightly higher demand. The vaccine is slowly being distributed. But, the scales are definitely tipping to low inflation, low rates and low expectations. Where will 2021 Lead Us?
. The curve continues to fight the virus and though the long end has moved up slightly in yield on potential recovery fears the short end remains almost stationary. The Fed actions on the long end will control any major increase. . The various Covid vaccines have been a major boost to confidence but until it is disseminated and recovery begins the impact is more of a confidence builder than a reality. That appears to require several more months. . The Fed has stated its intention to stay at 0.0% Fed Funds through 2023. Looks like the curve will do its job for it. . A final governmental peaceful transition should more closely identify upcoming changes and give the markets a boost for risk assets.
2.00% 1.86% 1.80% . 1.60% Down again this month on market volatility (Reddit) and 1.40% uncertainty. Extensions are necessary to capture any value. Jan-21 1.20% 1.10% Oct-20 Jun-20 1.00% Mar-20
0.80% 0.45% 0.60%
0.40% 0.12% 0.05% 0.07% 0.08% 0.20% 0.00%
0.00% Fed Funds 3mo 6mo 1yr 2yr 5yr 10yr 30yr
End of Month Rates - Full Yield Curve – Fed Funds to 30yr Makeup of Entire Del Mar Portfolio by Sub-Portfolio with Bonds
Tax I&S 1.880% 2020 Series B Rev I&S 0.880% Local Main 27.100% 28.560%
Plant 5.260%
2020 Series A 10.460% 2018 Series A 2018 Series B 16.500% 9.360% An Overview – Pooled Funds
excluding the Series 2018 and 2020 (A & B) Bond Funds
FY’20-21 Q1 FY’19-20 Avg FY’19-20 Q4 FY’18-19 Avg
Book Value $ 88,281,754 $ 94,994,087 $ 80,912,079 $ 88,267,224
Market Value $ 88,343,207 $ 95,019,451 $ 81,043,172 $ 88,256,896
WAM 241 days 81 days 75 days 81 days
Yield 0.470 % 1.472 % 0.807 % 2.477 %
Benchmark 0.110 % 0.923 % 0.150 % 2.160 % 6-month T-Bill
Earnings $ 116,136 $ 1,821,090 $ 574,936 $ 2,127,319 Asset Allocations – Various Pooled Funds As of 08/31/20 As of 11/30/20
Sweep 11.74%
Muni 19.76% Muni 44.35%
Sweep 2.12%
Pools 39.88% Pool 40.11% CP 28.39% Pooled funds only CP 13.65%
Yields in these sectors: Aug Nov
Pools 0.313 % 0.150 % CP 1.430 % 0.479 % Munis 1.230 % 0.903 % Sweep 0.017 % 0.010 % An Overview – Series 2018 (A & B) Tax Bond Funds
FY’20-21 Q1 FY’19-20 Avg FY’19-20 Q4 FY’18-19 Avg
Book Value $ 62,457,270 $ 95,880,572 $76,889,918 $ 132,364,483
Market Value $ 62,507,114 $ 95,940,296 $ 76,974,767 $ 132,370,851
WAM 341 days 215 days 387 days 96 days
Yield 0.549 % 1.644 % 0.843 % 2.555 %
Benchmark 0.110 % 0.91 % 0.150 % 2.160 % 6-month T-Bill
Earnings $ 106,993 $ 1,853,291 $ 249,169 $ 3,482,498 An Overview – Series 2020 (A & B) Tax Bond Funds FY’20-21 Q1 FY’19-20 Avg FY’19-20 Q4
Book Value $ 90,677,988 $ 92,981,895 $ 92,981,895
Market Value $ 90,633,415 $ 92,952,100 $ 92,952,100
WAM 559 days 533 days 533 days
Yield 0.383 % 0.380 % 0. 380 %
Benchmark 0.110 % 0.150 % 0.150 % 6-month T-Bill
Earnings $ 97,822 $ 69,890 $ 69,890
Funds were received 06/30/20 Series 2018 and 2020 (A & B) Bond Allocations
CD 6.85% Muni Bonds 23.32% Corresponding Yields CP 28.04% CP 0.502 % CD 0.380% Pool 0.159 % Agency 0.386 % Muni Bonds 0.646 % Pool 6.30%
Agency 35.49% Del Mar’s Partner in Treasury Management
Patterson & Associates Austin, TX
Quarterly Investment Report
August 31, 2020 - November 30, 2020
Transition Begins But Uncertainty Remains
Whew..the elections are over. Investors heaved a sigh of relief but also appear delighted with a divided Congress, which all but eliminates prospects of violent tax increases, sweeping regulatory reform and the New Green Deal. It’s a source of frustration for the winners perhaps but a welcome situation for investors. Also driving equities to a stellar month and new historic risk-on highs was Claims need to fall more. news of the potential release of a Covid vaccine. The UK will start to use the vaccine in December with the US not far behind. The US’s Operation Warp Speed with its January and May milestones are great news, but production and distribution hurdles remain to be overcome. Fe’s Dow Europe has moved back to major lockdowns and social restrictions and the block’s economy is set to shrink for the third quarter this year. It is likely to see a double dip recession in 2021. Even with the optimism, the much-hoped for 2021 future expansion is not a forgone conclusion. The US is seeing a waning momentum especially from the consumer. The consumer has slowed her consumption and retail sales. The cause of that action clearly comes primarily from the job situation. November added less jobs than expected although jobless claims themselves fell, which might be partly due to seasonal employment. Black Friday sales were robust – although a large percentage were online sales which don’t help local businesses. With Federal assistance and forbearance opportunities expiring in January, there is increasing risk of additional layoffs and business closings. ISM (purchasing managers projections) fell to a two month low on a backlog of orders and a decrease in new orders. Stocks roar on news of vaccine. Unless the five months of fruitless negotiations and political stonewalling end in a new stimulus program, the US could slide back to a negative growth in 2021 extending the recession. The potential fifth round of CARES Act funding is uncertain. Even Fed Chair Powell has typified the situation as “extraordinarily uncertain.” The Fed continues to call for additional stimulus programs from Congress. Vaccine versus Lockdown
The Federal Reserve’s call for additional stimulus has been backed by their own back-stop programs for much of the year. The FOMC met in November with no major changes and will meet again in December. No major changes were or are expected however. Investors were watching for a change in the asset purchase programs (QE) which had been effective in keeping rates low for lenders and buyers, but it is likely the program will not change although they may adjust guidance – which of course is as important to investors. Business outlook falls. The Fed’s backstops were little used but provided major confidence to the markets and investors. The Fed still has plenty of arrows in its quiver however with asset purchases, explicit forward guidance and yield curve targeting. Much will depend on the new Treasury Secretary’s role and coordination with the Fed, which she (Janet Yellen) knows well having been the Fed Chair before Powell. The emergency lending programs from Treasury are expiring 12/31/2020. Sec’y Mnuchin has hinted at letting the Main Street Lending expire with no renewal as it has “clearly achieved its goal”. Mortgage rates drive move out of city centers. One area that has disproportionately gained from the pandemic is housing. As people begin to think of their homes as workplaces and schools as well Housing soars as peoples’ conditions change. as refuge, they are commuting much less. There is move afoot from the expensive downtown rental centers to the roomier and less expensive suburbs. Home sales outside the city centers have soared while vacancies in the major city downtown rentals have fallen. The sales have been helped by the low mortgage rates which are at record lows. Freddie Mac is reporting 30-year fixed rates at 2.71% and 15-year at 2.26%. It is a conundrum why some treasury yields are increasing. Potentially, with a weakening job situation Congress will be forced to act – which stocks love- but to fund those stimulus programs Treasury will have to issue more securities driving up supply on the long end. It is a herculean struggle and puzzle that only time, and perhaps the vaccine, will solve. Range Bound
. The curve continues to fight the virus and though the long end has moved up slightly in yield, the short end remains almost stationary. . Some additional long end supply has raised the long end slightly. . The potential covid vaccine has been a major boost to confidence, but until it is disseminated and recovery begins, the impact is more of a confidence builder than a reality. . The Fed has stated its intention to stay at 0.0% Fed Funds through 2022. . The absence of agreement on the next stimulus package remains a major drag on all markets.
2.00%
1.80% 1.72% . 1.60%
1.40% Nov-20 1.20% Oct-20 0.96% Sep-20 1.00% Jun-20 Mar-20 0.80% 0.42% 0.60%
0.40% 0.16% 0.08% 0.09% 0.10% 0.20% 0.00%
0.00% Fed Funds 3mo 6mo 1yr 2yr 5yr 10yr 30yr
End of Month Rates - Full Yield Curve – Fed Funds to 30yr
Your Portfolio As of November 30, 2020
. P&A constantly reviews your portfolio for optimal asset allocation and a controlled average maturity because a diversified portfolio can better adjust to volatile market conditions. These are unusual times and where extensions can be made it is important to make them for any value in the markets. . The graphs below show asset allocations by market sector and by maturity in your portfolio. Liquidity will not be attractive but as the curve flattens it also is sometimes the only sector available as year end expenditures loom. Our expectation is of continuing low rates but we will attempt to find value in all authorized sectors to capture yield available. . Hopefully Fed actions will return us to some normalcy and a vaccine will be found This is what we are watching for and acting on. . The non-cash portion of your portfolio is yielding 0.44%.
Series 2020 Local Main. Bond B 28.55% 27.09%
Series 2020 I&S Bond A 2.76% 10.47% Other 5.26% Series 2017 Series 2018 Bond Series 2016 Bond B Series 2018 0.00% Bond 9.36% Bond A 16.51% 0.00%
Patterson & Associates Del Mar College 901 S. MoPac Suite 195 Summary by Type Austin, TX 78746 November 30, 2020 - Grouped by Fund
Number of Par % of Average Average Days Security Type Investments Value Book Value Portfolio YTM 365 to Maturity
Fund: Local Maintenance
Commercial Paper Disc. -Amortizing 3 12,000,000.00 11,987,695.00 4.97 0.479 116 LOGIC 1 29,878,971.82 29,878,971.82 12.38 0.159 1 TexPool 1 187,064.24 187,064.24 0.08 0.123 1 TexSTAR 1 8,206.52 8,206.52 0.00 0.094 1 Bank Accts/CD's - Int. Mon/Qtr/Ann 1 0.00 0.00 0.00 0.000 0 Stagecoach Sweep 1 1,858,774.93 1,858,774.93 0.77 0.010 1 Municipal Bonds 6 24,735,000.00 24,998,938.29 10.36 0.903 299
Subtotal 14 68,668,017.51 68,919,650.80 28.56 0.480 129
Fund: Plant
LOGIC 1 3,219,459.32 3,219,459.32 1.33 0.159 1 Municipal Bonds 2 9,500,000.00 9,489,155.12 3.93 0.423 736
Subtotal 3 12,719,459.32 12,708,614.44 5.26 0.356 550
Fund: Rev Bond I & S
Municipal Bonds 1 1,800,000.00 1,800,000.00 0.75 0.794 1,247 LOGIC 1 299,500.48 299,500.48 0.12 0.159 1 TexPool 1 16,226.35 16,226.35 0.01 0.123 1 Bank Accts/CD's - Int. Mon/Qtr/Ann 1 238.66 238.66 0.00 0.150 1
Subtotal 4 2,115,965.49 2,115,965.49 0.88 0.699 1,061
Fund: Tax Bond I&S
LOGIC 1 1,420,518.56 1,420,518.56 0.59 0.159 1 Municipal Bonds 2 2,945,000.00 3,000,141.29 1.24 0.606 1,055 TexPool 1 116,860.13 116,860.13 0.05 0.123 1 Bank Accts/CD's - Int. Mon/Qtr/Ann 1 3.81 3.81 0.00 0.000 1
Subtotal 5 4,482,382.50 4,537,523.79 1.88 0.454 698
Fund: Series 2016 Tax Bond
LOGIC 1 0.00 0.00 0.00 0.000 0
Portfolio DMAR AP Run Date: 12/16/2020 - 15:16 ST (PRF_ST) 7.2.0 Report Ver. 7.3.6.1 Del Mar College Summary by Type Page 2 November 30, 2020 Grouped by Fund
Number of Par % of Average Average Days Security Type Investments Value Book Value Portfolio YTM 365 to Maturity
Subtotal 1 0.00 0.00 0.00 0.000 0
Fund: Series 2017 Tax Bond
LOGIC 1 0.00 0.00 0.00 0.000 0
Subtotal 1 0.00 0.00 0.00 0.000 0
Fund: 2018 Tax Bond A
Commercial Paper Disc. -Amortizing 3 14,000,000.00 13,978,503.88 5.79 0.523 125 Bank Accts/CD's - Int. Mon/Qtr/Ann 1 5,245,647.91 5,245,647.91 2.17 0.380 199 Federal Agency Coupon Securities 1 5,000,000.00 5,000,000.00 2.07 0.375 996 LOGIC 1 3,261,099.38 3,261,099.38 1.35 0.159 1 Municipal Bonds 3 12,200,000.00 12,370,038.59 5.12 0.899 470
Subtotal 9 39,706,747.29 39,855,289.76 16.50 0.572 341
Fund: 2018 Tax Bond B
Commercial Paper Disc. -Amortizing 2 9,000,000.00 8,987,898.33 3.72 0.596 96 Bank Accts/CD's - Int. Mon/Qtr/Ann 1 5,245,647.91 5,245,647.91 2.17 0.380 199 Federal Agency Coupon Securities 1 5,000,000.00 5,000,000.00 2.07 0.375 996 LOGIC 1 56,836.61 56,836.61 0.02 0.159 1 Municipal Bonds 1 3,300,000.00 3,311,597.14 1.37 1.135 304
Subtotal 6 22,602,484.52 22,601,979.99 9.35 0.575 349
Fund: 2020 Tax Bond A
Commercial Paper Disc. -Amortizing 1 5,000,000.00 4,996,937.50 2.07 0.498 45 Federal Agency Coupon Securities 3 13,500,000.00 13,500,000.00 5.59 0.414 940 Municipal Bonds 2 3,955,000.00 3,986,016.30 1.65 0.425 212 LOGIC 1 2,788,145.94 2,788,145.94 1.15 0.159 1
Subtotal 7 25,243,145.94 25,271,099.74 10.46 0.404 545
Fund: 2020 Tax Bond B
Commercial Paper Disc. -Amortizing 3 15,000,000.00 14,982,197.50 6.21 0.428 107 Federal Agency Coupon Securities 6 30,855,000.00 30,853,944.44 12.78 0.379 915 LOGIC 1 3,539,805.43 3,539,805.43 1.47 0.159 1 Municipal Bonds Actual 1 1,235,000.00 1,235,000.00 0.51 0.550 912 Municipal Bonds 6 14,280,000.00 14,795,940.59 6.13 0.386 411
Portfolio DMAR AP Run Date: 12/16/2020 - 15:16 ST (PRF_ST) 7.2.0 Report Ver. 7.3.6.1 Del Mar College Summary by Type Page 3 November 30, 2020 Grouped by Fund
Number of Par % of Average Average Days Security Type Investments Value Book Value Portfolio YTM 365 to Maturity
Subtotal 17 64,909,805.43 65,406,887.96 27.10 0.383 566
Fund: TPEG Loan
LOGIC 1 0.00 0.00 0.00 0.000 0 TexPool 1 0.00 0.00 0.00 0.000 0
Subtotal 2 0.00 0.00 0.00 0.000 0
Total and Average 69 240,448,008.00 241,417,011.97 100.00 0.465 388
Portfolio DMAR AP Run Date: 12/16/2020 - 15:16 ST (PRF_ST) 7.2.0 Report Ver. 7.3.6.1 Patterson & Associates Del Mar College 901 S. MoPac Suite 195 Fund LMAIN - Local Maintenance Austin, TX 78746 Investments by Fund - November 30, 2020
Purchase Current YTM YTM Maturity Days To CUSIP Investment # Issuer Date Book Value Par Value Market Value Rate 360 365 Date Maturity Stagecoach Sweep 21309 298 Wells Fargo Stagecoach Sweep 09/01/2020 1,858,774.93 1,858,774.93 1,858,774.93 0.010 0.009 0.010 1
Subtotal and Average 1,858,774.93 1,858,774.93 1,858,774.93 0.010 0.010 1 Commercial Paper Disc. -Amortizing 05970RM44 418 Banco Santander CP 06/08/2020 3,999,753.33 4,000,000.00 3,999,753.33 0.742 0.753 12/04/2020 3 06742VE80 464 Barclays Bank CP 10/20/2020 4,990,541.67 5,000,000.00 4,990,541.67 0.304 0.308 07/16/2021 227 2198X2PK9 441 Corp Andina de Fomento CP 08/24/2020 2,997,400.00 3,000,000.00 2,997,400.00 0.390 0.396 02/19/2021 80
Subtotal and Average 11,987,695.00 12,000,000.00 11,987,695.00 0.472 0.479 115 Municipal Bonds 443728FT2 446 Hudson County NJ Impr Auth 09/03/2020 2,513,115.95 2,500,000.00 2,513,175.00 1.000 0.296 0.300 09/02/2021 275 59447P6U0 416 Michigan State Fiance Auth 04/16/2020 6,196,965.60 6,100,000.00 6,217,730.00 5.000 1.134 1.150 05/01/2021 151 64966QLA6 449 City of New York NY 09/09/2020 4,560,000.00 4,560,000.00 4,548,372.00 0.360 0.355 0.360 08/01/2022 608 64970KQH3 412 NYC Water & Sewer System 04/09/2020 4,457,938.45 4,490,000.00 4,483,983.40 1.321 1.340 06/15/2021 196 88283LJT4 408 Texas Trans Commission Highway 04/03/2020 5,242,767.32 5,085,000.00 5,289,162.75 5.000 1.214 1.231 10/01/2021 304 973279UH3 462 Town of Windham CT 10/01/2020 2,028,150.97 2,000,000.00 2,028,340.00 2.000 0.296 0.300 09/30/2021 303
Subtotal and Average 24,998,938.29 24,735,000.00 25,080,763.15 0.890 0.903 299 Bank Accts/CD's - Int. Mon/Qtr/Ann 6936021309 209 Wells Fargo Analyzed Bus. Chck 09/01/2014 0.00 0.00 0.00 1
Subtotal and Average 0.00 0.00 0.00 0.000 0.000 0 TexPool 999999995 41 TexPool 09/01/2006 187,064.24 187,064.24 187,064.24 0.123 0.121 0.123 1
Subtotal and Average 187,064.24 187,064.24 187,064.24 0.121 0.123 1 LOGIC 999999996 42 LOGIC 09/01/2006 29,878,971.82 29,878,971.82 29,878,971.82 0.159 0.157 0.159 1
Subtotal and Average 29,878,971.82 29,878,971.82 29,878,971.82 0.157 0.159 1 TexSTAR 999999997 40 TexSTAR 09/01/2006 8,206.52 8,206.52 8,206.52 0.094 0.093 0.094 1
Subtotal and Average 8,206.52 8,206.52 8,206.52 0.093 0.094 1
Portfolio DMAR AP Run Date: 12/16/2020 - 15:15 FI (PRF_FI) 7.1.1 Report Ver. 7.3.6.1 Fund LMAIN - Local Maintenance Investments by Fund Page 2 November 30, 2020
Purchase Current YTM YTM Maturity Days To CUSIP Investment # Issuer Date Book Value Par Value Market Value Rate 360 365 Date Maturity Total Investments and Average 68,919,650.80 68,668,017.51 69,001,475.66 0.474 0.480 129
Portfolio DMAR AP Run Date: 12/16/2020 - 15:15 FI (PRF_FI) 7.1.1 Report Ver. 7.3.6.1 Fund PLANT - Plant Investments by Fund Page 3 November 30, 2020
Purchase Current YTM YTM Maturity Days To CUSIP Investment # Issuer Date Book Value Par Value Market Value Rate 360 365 Date Maturity Municipal Bonds 59333NN90 458 Miami-Dade County FL 09/30/2020 4,989,155.12 5,000,000.00 4,980,050.00 0.375 0.473 0.480 04/01/2023 851 64966QLA6 450 City of New York NY 09/09/2020 4,500,000.00 4,500,000.00 4,488,525.00 0.360 0.355 0.360 08/01/2022 608
Subtotal and Average 9,489,155.12 9,500,000.00 9,468,575.00 0.417 0.423 735 LOGIC 999999996 261 LOGIC 01/27/2017 3,219,459.32 3,219,459.32 3,219,459.32 0.159 0.157 0.159 1
Subtotal and Average 3,219,459.32 3,219,459.32 3,219,459.32 0.157 0.159 1
Total Investments and Average 12,708,614.44 12,719,459.32 12,688,034.32 0.351 0.356 549
Portfolio DMAR AP Run Date: 12/16/2020 - 15:15 FI (PRF_FI) 7.1.1 Report Ver. 7.3.6.1 Fund RBIS - Rev Bond I & S Investments by Fund Page 4 November 30, 2020
Purchase Current YTM YTM Maturity Days To CUSIP Investment # Issuer Date Book Value Par Value Market Value Rate 360 365 Date Maturity Municipal Bonds 356731BZ1 463 Village of Freeport NY 10/07/2020 1,800,000.00 1,800,000.00 1,801,566.00 0.794 0.783 0.794 05/01/2024 1,247
Subtotal and Average 1,800,000.00 1,800,000.00 1,801,566.00 0.783 0.794 1,247 Bank Accts/CD's - Int. Mon/Qtr/Ann 6913041023 205 Wells Fargo Bus.Checking Plus 08/01/2014 238.66 238.66 238.66 0.150 0.147 0.150 1
Subtotal and Average 238.66 238.66 238.66 0.148 0.150 1 TexPool 999999995 50 TexPool 09/01/2006 16,226.35 16,226.35 16,226.35 0.123 0.121 0.123 1
Subtotal and Average 16,226.35 16,226.35 16,226.35 0.121 0.123 1 LOGIC 999999996 107 LOGIC 08/27/2009 299,500.48 299,500.48 299,500.48 0.159 0.157 0.159 1
Subtotal and Average 299,500.48 299,500.48 299,500.48 0.157 0.159 1
Total Investments and Average 2,115,965.49 2,115,965.49 2,117,531.49 0.689 0.699 1,060
Portfolio DMAR AP Run Date: 12/16/2020 - 15:15 FI (PRF_FI) 7.1.1 Report Ver. 7.3.6.1 Fund TAX - Tax Bond I&S Investments by Fund Page 5 November 30, 2020
Purchase Current YTM YTM Maturity Days To CUSIP Investment # Issuer Date Book Value Par Value Market Value Rate 360 365 Date Maturity Municipal Bonds 59333NQ63 459 Miami-Dade County FL 09/30/2020 1,570,141.29 1,515,000.00 1,565,525.25 2.000 0.424 0.430 04/01/2023 851 683548EQ0 454 Opelika AL Utilities 09/16/2020 1,430,000.00 1,430,000.00 1,432,259.40 0.800 0.789 0.800 06/01/2024 1,278
Subtotal and Average 3,000,141.29 2,945,000.00 2,997,784.65 0.598 0.606 1,054 Bank Accts/CD's - Int. Mon/Qtr/Ann 6913041015 208 Wells Fargo Analyzed Bus. Chck 09/01/2014 3.81 3.81 3.81 1
Subtotal and Average 3.81 3.81 3.81 0.000 0.000 1 TexPool 999999995 48 TexPool 09/01/2006 116,860.13 116,860.13 116,860.13 0.123 0.121 0.123 1
Subtotal and Average 116,860.13 116,860.13 116,860.13 0.121 0.123 1 LOGIC 999999996 49 LOGIC 09/01/2006 1,420,518.56 1,420,518.56 1,420,518.56 0.159 0.157 0.159 1
Subtotal and Average 1,420,518.56 1,420,518.56 1,420,518.56 0.157 0.159 1
Total Investments and Average 4,537,523.79 4,482,382.50 4,535,167.15 0.448 0.454 697
Portfolio DMAR AP Run Date: 12/16/2020 - 15:15 FI (PRF_FI) 7.1.1 Report Ver. 7.3.6.1 Fund TAX16 - Series 2016 Tax Bond Investments by Fund Page 6 November 30, 2020
Purchase Current YTM YTM Maturity Days To CUSIP Investment # Issuer Date Book Value Par Value Market Value Rate 360 365 Date Maturity LOGIC 999999996 252 LOGIC 10/03/2016 0.00 0.00 0.00 1
Subtotal and Average 0.00 0.00 0.00 0.000 0.000 0
Total Investments and Average 0.00 0.00 0.00 0.000 0.000 0
Portfolio DMAR AP Run Date: 12/16/2020 - 15:15 FI (PRF_FI) 7.1.1 Report Ver. 7.3.6.1 Fund TAX17 - Series 2017 Tax Bond Investments by Fund Page 7 November 30, 2020
Purchase Current YTM YTM Maturity Days To CUSIP Investment # Issuer Date Book Value Par Value Market Value Rate 360 365 Date Maturity LOGIC 999999996 279 LOGIC 07/05/2017 0.00 0.00 0.00 1
Subtotal and Average 0.00 0.00 0.00 0.000 0.000 0
Total Investments and Average 0.00 0.00 0.00 0.000 0.000 0
Portfolio DMAR AP Run Date: 12/16/2020 - 15:15 FI (PRF_FI) 7.1.1 Report Ver. 7.3.6.1 Fund TAX18A - 2018 Tax Bond A Investments by Fund Page 8 November 30, 2020
Purchase Current YTM YTM Maturity Days To CUSIP Investment # Issuer Date Book Value Par Value Market Value Rate 360 365 Date Maturity Commercial Paper Disc. -Amortizing 05970RM44 419 Banco Santander CP 06/08/2020 2,999,815.00 3,000,000.00 2,999,815.00 0.740 0.742 0.753 12/04/2020 3 05970RSU0 448 Banco Santander CP 09/03/2020 4,990,605.55 5,000,000.00 4,990,605.55 0.380 0.385 0.390 05/28/2021 178 05990CRP1 429 Banco Credito Miami CP 07/28/2020 5,988,083.33 6,000,000.00 5,988,083.33 0.510 0.517 04/23/2021 143
Subtotal and Average 13,978,503.88 14,000,000.00 13,978,503.88 0.515 0.523 125 Federal Agency Coupon Securities 3136G4R54 443 FNMA Call Note 08/24/2020 5,000,000.00 5,000,000.00 4,993,396.80 0.375 0.369 0.375 08/24/2023 996
Subtotal and Average 5,000,000.00 5,000,000.00 4,993,396.80 0.370 0.375 996 Municipal Bonds 64966QLA6 451 City of New York NY 09/09/2020 4,500,000.00 4,500,000.00 4,488,525.00 0.360 0.355 0.360 08/01/2022 608 88283LJT4 409 Texas Trans Commission Highway 04/03/2020 4,124,104.09 4,000,000.00 4,160,600.00 5.000 1.214 1.231 10/01/2021 304 914378KU7 414 University of Kentucky 04/15/2020 3,745,934.50 3,700,000.00 3,764,047.00 2.125 1.164 1.180 04/01/2022 486
Subtotal and Average 12,370,038.59 12,200,000.00 12,413,172.00 0.886 0.899 469 Bank Accts/CD's - Int. Mon/Qtr/Ann 172819604C 460 East West Bank CD 09/18/2020 5,245,647.91 5,245,647.91 5,245,647.91 0.380 0.374 0.380 06/18/2021 199
Subtotal and Average 5,245,647.91 5,245,647.91 5,245,647.91 0.375 0.380 199 LOGIC 999999996 315 LOGIC 08/10/2018 3,261,099.38 3,261,099.38 3,261,099.38 0.159 0.157 0.159 1
Subtotal and Average 3,261,099.38 3,261,099.38 3,261,099.38 0.157 0.159 1
Total Investments and Average 39,855,289.76 39,706,747.29 39,891,819.97 0.564 0.572 341
Portfolio DMAR AP Run Date: 12/16/2020 - 15:15 FI (PRF_FI) 7.1.1 Report Ver. 7.3.6.1 Fund TAX18B - 2018 Tax Bond B Investments by Fund Page 9 November 30, 2020
Purchase Current YTM YTM Maturity Days To CUSIP Investment # Issuer Date Book Value Par Value Market Value Rate 360 365 Date Maturity Commercial Paper Disc. -Amortizing 05970RM44 420 Banco Santander CP 06/08/2020 2,999,815.00 3,000,000.00 2,999,815.00 0.740 0.742 0.753 12/04/2020 3 05990CRP1 430 Banco Credito Miami CP 07/28/2020 5,988,083.33 6,000,000.00 5,988,083.33 0.500 0.510 0.517 04/23/2021 143
Subtotal and Average 8,987,898.33 9,000,000.00 8,987,898.33 0.588 0.596 96 Federal Agency Coupon Securities 3136G4R54 444 FNMA Call Note 08/24/2020 5,000,000.00 5,000,000.00 4,993,396.80 0.375 0.369 0.375 08/24/2023 996
Subtotal and Average 5,000,000.00 5,000,000.00 4,993,396.80 0.370 0.375 996 Municipal Bonds 677524DU1 415 Ohio State Corrections Facs 04/16/2020 3,311,597.14 3,300,000.00 3,331,515.00 1.562 1.119 1.135 10/01/2021 304
Subtotal and Average 3,311,597.14 3,300,000.00 3,331,515.00 1.120 1.135 304 Bank Accts/CD's - Int. Mon/Qtr/Ann 172719975C 461 East West Bank CD 09/18/2020 5,245,647.91 5,245,647.91 5,245,647.91 0.380 0.374 0.380 06/18/2021 199
Subtotal and Average 5,245,647.91 5,245,647.91 5,245,647.91 0.375 0.380 199 LOGIC 999999996 316 LOGIC 08/10/2018 56,836.61 56,836.61 56,836.61 0.159 0.157 0.159 1
Subtotal and Average 56,836.61 56,836.61 56,836.61 0.157 0.159 1
Total Investments and Average 22,601,979.99 22,602,484.52 22,615,294.65 0.567 0.575 349
Portfolio DMAR AP Run Date: 12/16/2020 - 15:15 FI (PRF_FI) 7.1.1 Report Ver. 7.3.6.1 Fund TAX20A - 2020 Tax Bond A Investments by Fund Page 10 November 30, 2020
Purchase Current YTM YTM Maturity Days To CUSIP Investment # Issuer Date Book Value Par Value Market Value Rate 360 365 Date Maturity Commercial Paper Disc. -Amortizing 05990CNF7 425 Banco Credito Miami CP 07/22/2020 4,996,937.50 5,000,000.00 4,996,937.50 0.491 0.498 01/15/2021 45
Subtotal and Average 4,996,937.50 5,000,000.00 4,996,937.50 0.491 0.498 45 Federal Agency Coupon Securities 3133ELT61 427 FFCB Cal lNote 07/22/2020 5,000,000.00 5,000,000.00 4,997,427.50 0.340 0.365 0.370 01/13/2023 773 3133ELX25 432 FFCB Cal lNote 07/29/2020 5,000,000.00 5,000,000.00 4,996,878.40 0.470 0.482 0.488 01/22/2024 1,147 3133EL2W3 435 FFCB Cal lNote 08/05/2020 3,500,000.00 3,500,000.00 3,497,051.78 0.350 0.363 0.368 05/04/2023 884
Subtotal and Average 13,500,000.00 13,500,000.00 13,491,357.68 0.408 0.414 940 Municipal Bonds 083763VZ2 423 Bergen County NJ 07/16/2020 3,786,016.30 3,755,000.00 3,783,613.10 2.000 0.414 0.420 06/10/2021 191 494135AM8 439 Killeen TX 08/18/2020 200,000.00 200,000.00 200,288.00 0.501 0.494 0.501 08/01/2022 608
Subtotal and Average 3,986,016.30 3,955,000.00 3,983,901.10 0.419 0.425 211 LOGIC 999999996 433 LOGIC 06/30/2020 2,788,145.94 2,788,145.94 2,788,145.94 0.159 0.157 0.159 1
Subtotal and Average 2,788,145.94 2,788,145.94 2,788,145.94 0.157 0.159 1
Total Investments and Average 25,271,099.74 25,243,145.94 25,260,342.22 0.399 0.404 544
Portfolio DMAR AP Run Date: 12/16/2020 - 15:15 FI (PRF_FI) 7.1.1 Report Ver. 7.3.6.1 Fund TAX20B - 2020 Tax Bond B Investments by Fund Page 11 November 30, 2020
Purchase Current YTM YTM Maturity Days To CUSIP Investment # Issuer Date Book Value Par Value Market Value Rate 360 365 Date Maturity Municipal Bonds Actual 683548EP2 455 Opelika AL Utilities 09/16/2020 1,235,000.00 1,235,000.00 1,236,062.10 0.550 0.542 0.550 06/01/2023 912
Subtotal and Average 1,235,000.00 1,235,000.00 1,236,062.10 0.542 0.550 912 Commercial Paper Disc. -Amortizing 05970RSU0 447 Banco Santander CP 09/03/2020 5,988,726.67 6,000,000.00 5,988,726.67 0.385 0.390 05/28/2021 178 05990CNF7 426 Banco Credito Miami CP 07/22/2020 4,996,937.50 5,000,000.00 4,996,937.50 0.490 0.491 0.498 01/15/2021 45 2198X2PK9 442 Corp Andina de Fomento CP 08/24/2020 3,996,533.33 4,000,000.00 3,996,533.33 0.390 0.390 0.396 02/19/2021 80
Subtotal and Average 14,982,197.50 15,000,000.00 14,982,197.50 0.422 0.428 107 Federal Agency Coupon Securities 31422BM80 438 FRMAC Call Note 08/17/2020 4,998,944.44 5,000,000.00 4,988,614.40 0.375 0.386 0.391 08/17/2023 989 3133ELT61 428 FFCB Cal lNote 07/22/2020 5,000,000.00 5,000,000.00 4,997,427.50 0.340 0.365 0.370 01/13/2023 773 3133EL2W3 436 FFCB Cal lNote 08/05/2020 6,500,000.00 6,500,000.00 6,494,524.73 0.350 0.363 0.368 05/04/2023 884 3133EL2W3 437 FFCB Cal lNote 08/10/2020 4,355,000.00 4,355,000.00 4,351,331.57 0.350 0.345 0.350 05/04/2023 884 3136G4B51 431 FNMA Call Note 07/29/2020 5,000,000.00 5,000,000.00 5,002,465.05 0.420 0.414 0.419 07/27/2023 968 3136G4R54 445 FNMA Call Note 08/24/2020 5,000,000.00 5,000,000.00 4,993,396.80 0.375 0.369 0.375 08/24/2023 996
Subtotal and Average 30,853,944.44 30,855,000.00 30,827,760.05 0.374 0.379 914 Municipal Bonds 083763VZ2 424 Bergen County NJ 07/16/2020 3,786,016.30 3,755,000.00 3,783,613.10 2.000 0.414 0.420 06/10/2021 191 494135AN6 440 Killeen TX 08/18/2020 305,000.00 305,000.00 305,634.40 0.602 0.593 0.602 08/01/2023 973 64966MWH8 453 City of New York NY 09/15/2020 1,051,763.50 1,020,000.00 1,049,610.60 2.850 0.345 0.350 03/01/2022 455 836895FB3 456 South Carolina St Assn of Gov 09/29/2020 5,069,119.39 5,000,000.00 5,069,400.00 4.000 0.276 0.280 04/15/2021 135 934021CN4 452 Ward County ND 09/15/2020 3,984,041.40 3,600,000.00 3,982,140.00 5.000 0.394 0.400 04/01/2023 851 957897MF5 457 Western Carolina University NC 09/30/2020 600,000.00 600,000.00 596,850.00 0.909 0.896 0.908 04/01/2023 851
Subtotal and Average 14,795,940.59 14,280,000.00 14,787,248.10 0.380 0.386 411 LOGIC 999999996 434 LOGIC 06/30/2020 3,539,805.43 3,539,805.43 3,539,805.43 0.159 0.157 0.159 1
Subtotal and Average 3,539,805.43 3,539,805.43 3,539,805.43 0.157 0.159 1
Total Investments and Average 65,406,887.96 64,909,805.43 65,373,073.18 0.378 0.383 566
Portfolio DMAR AP Run Date: 12/16/2020 - 15:15 FI (PRF_FI) 7.1.1 Report Ver. 7.3.6.1 Fund TPEG - TPEG Loan Investments by Fund Page 12 November 30, 2020
Purchase Current YTM YTM Maturity Days To CUSIP Investment # Issuer Date Book Value Par Value Market Value Rate 360 365 Date Maturity TexPool 999999995 54 TexPool 09/01/2006 0.00 0.00 0.00 1
Subtotal and Average 0.00 0.00 0.00 0.000 0.000 0 LOGIC 999999996 55 LOGIC 09/01/2006 0.00 0.00 0.00 2.246 2.215 2.246 1
Subtotal and Average 0.00 0.00 0.00 0.000 0.000 0
Total Investments and Average 0.00 0.00 0.00 0.000 0.000 0
Portfolio DMAR AP Run Date: 12/16/2020 - 15:15 FI (PRF_FI) 7.1.1 Report Ver. 7.3.6.1 Patterson & Associates Del Mar College 901 S. MoPac Suite 195 Cash Reconciliation Report Austin, TX 78746 For the Period September 1, 2020 - November 30, 2020 - Grouped by Fund Trans. Trans. Par Maturity Date Investment # Fund Type Security ID Value Security Description Date Purchases Interest Redemptions Cash Local Maintenance 09/03/2020 446 LMAIN Purchase 443728FT2 2,500,000.00 HUDSON 2.5M 1.00% Mat. 09/02/2021 -2,517,375.00 0.00 0.00 -2,517,375.00 09/09/2020 449 LMAIN Purchase 64966QLA6 4,560,000.00 NEWYRK 4.6M 0.36% Mat. 08/01/2022 -4,560,000.00 0.00 0.00 -4,560,000.00 09/16/2020 401 LMAIN Maturity 71708EJG1 6,000,000.00 PFIZER 6.0M 0.00% Mat. 09/16/2020 0.00 0.00 6,000,000.00 6,000,000.00 10/01/2020 408 LMAIN Interest 88283LJT4 5,085,000.00 TXTRAN 5.1M 5.00% Mat. 10/01/2021 0.00 127,125.00 0.00 127,125.00 10/01/2020 462 LMAIN Purchase 973279UH3 2,000,000.00 WINDCT 2.0M 2.00% Mat. 09/30/2021 -2,033,800.00 0.00 0.00 -2,033,800.00 10/05/2020 410 LMAIN Maturity 2546R2K54 5,000,000.00 WALT 5.0M 0.00% Mat. 10/05/2020 10/05/2020 0.00 0.00 5,000,000.00 5,000,000.00 10/20/2020 464 LMAIN Purchase 06742VE80 5,000,000.00 BARCBK 5.0M 0.00% Mat. 07/16/2021 -4,988,791.67 0.00 0.00 -4,988,791.67 11/01/2020 416 LMAIN Interest 59447P6U0 6,100,000.00 MICHST 6.1M 5.00% Mat. 05/01/2021 0.00 152,500.00 0.00 152,500.00
Subtotal -14,099,966.67 279,625.00 11,000,000.00 -2,820,341.67
Plant 09/09/2020 450 PLANT Purchase 64966QLA6 4,500,000.00 NEWYRK 4.5M 0.36% Mat. 08/01/2022 -4,500,000.00 0.00 0.00 -4,500,000.00 09/16/2020 402 PLANT Maturity 71708EJG1 5,000,000.00 PFIZER 5.0M 1.88% Mat. 09/16/2020 0.00 0.00 5,000,000.00 5,000,000.00 09/30/2020 458 PLANT Purchase 59333NN90 5,000,000.00 MIAMI 5.0M 0.38% Mat. 04/01/2023 04/01/2023 -4,986,950.00 0.00 0.00 -4,986,950.00
Subtotal -9,486,950.00 0.00 5,000,000.00 -4,486,950.00
Rev Bond I & S 10/07/2020 463 RBIS Purchase 356731BZ1 1,800,000.00 FREENY 1.8M 0.79% Mat. 05/01/2024 -1,800,000.00 0.00 0.00 -1,800,000.00 11/01/2020 463 RBIS Interest 356731BZ1 1,800,000.00 FREENY 1.8M 0.79% Mat. 05/01/2024 0.00 952.80 0.00 952.80
Subtotal -1,800,000.00 952.80 0.00 -1,799,047.20
Tax Bond I&S 09/16/2020 454 TAX Purchase 683548EQ0 1,430,000.00 OPELAL 1.4M 0.80% Mat. 06/01/2024 -1,430,000.00 0.00 0.00 -1,430,000.00 09/30/2020 459 TAX Purchase 59333NQ63 1,515,000.00 MIAMI 1.5M 2.00% Mat. 04/01/2023 04/01/2023 -1,574,145.60 0.00 0.00 -1,574,145.60
Subtotal -3,004,145.60 0.00 0.00 -3,004,145.60
2018 Tax Bond A 09/01/2020 421 TAX18A Interest 3134GVA65 5,000,000.00 FHLMCC 5.0M 0.55% Mat. 06/01/2023 0.00 7,104.17 0.00 7,104.17 09/01/2020 421 TAX18A Call 3134GVA65 5,000,000.00 0.0M 0.55% 06/01/2023 0.00 0.00 5,000,000.00 5,000,000.00 09/03/2020 448 TAX18A Purchase 05970RSU0 5,000,000.00 BANSAN 5.0M 0.38% Mat. 05/28/2021 -4,985,908.33 0.00 0.00 -4,985,908.33 09/09/2020 451 TAX18A Purchase 64966QLA6 4,500,000.00 NEWYRK 4.5M 0.36% Mat. 08/01/2022 -4,500,000.00 0.00 0.00 -4,500,000.00 09/18/2020 389 TAX18A Interest 172819604B 5,174,902.22 EWB 5.2M 1.70% Mat. 09/18/2020 09/18/2020 0.00 4,148.46 0.00 4,148.46 09/18/2020 389 TAX18A Interest 172819604B 5,174,902.22 EWB 5.2M 1.70% Mat. 09/18/2020 09/18/2020 -4,148.46 0.00 0.00 -4,148.46 09/18/2020 460 TAX18A Purchase 172819604C 5,241,608.17 EWB 5.2M 0.38% Mat. 06/18/2021 06/18/2021 -5,241,608.17 0.00 0.00 -5,241,608.17 09/30/2020 460 TAX18A Interest 172819604C 5,241,608.17 EWB 5.2M 0.38% Mat. 06/18/2021 06/18/2021 0.00 709.46 0.00 709.46 09/30/2020 460 TAX18A Interest 172819604C 5,241,608.17 EWB 5.2M 0.38% Mat. 06/18/2021 06/18/2021 -709.46 0.00 0.00 -709.46 10/01/2020 409 TAX18A Interest 88283LJT4 4,000,000.00 TXTRAN 4.0M 5.00% Mat. 10/01/2021 0.00 100,000.00 0.00 100,000.00 10/01/2020 414 TAX18A Interest 914378KU7 3,700,000.00 UNIVKY 3.7M 2.13% Mat. 04/01/2022 0.00 39,312.50 0.00 39,312.50 10/31/2020 460 TAX18A Interest 172819604C 5,241,608.17 EWB 5.2M 0.38% Mat. 06/18/2021 06/18/2021 0.00 1,692.17 0.00 1,692.17
Portfolio DMAR AP Run Date: 12/17/2020 - 14:46 AC (PRF_AC) 7.2.0 Report Ver. 7.3.6.1 Del Mar College Cash Reconciliation Report Page 2 For the Period September 1, 2020 - November 30, 2020 Trans. Trans. Par Maturity Date Investment # Fund Type Security ID Value Security Description Date Purchases Interest Redemptions Cash 2018 Tax Bond A 10/31/2020 460 TAX18A Interest 172819604C 5,241,608.17 EWB 5.2M 0.38% Mat. 06/18/2021 06/18/2021 -1,692.17 0.00 0.00 -1,692.17 11/30/2020 460 TAX18A Interest 172819604C 5,241,608.17 EWB 5.2M 0.38% Mat. 06/18/2021 06/18/2021 0.00 1,638.11 0.00 1,638.11 11/30/2020 460 TAX18A Interest 172819604C 5,241,608.17 EWB 5.2M 0.38% Mat. 06/18/2021 06/18/2021 -1,638.11 0.00 0.00 -1,638.11
Subtotal -14,735,704.70 154,604.87 5,000,000.00 -9,581,099.83
2018 Tax Bond B 09/01/2020 422 TAX18B Interest 3134GVA65 5,000,000.00 FHLMCC 5.0M 0.55% Mat. 06/01/2023 0.00 7,104.17 0.00 7,104.17 09/01/2020 422 TAX18B Call 3134GVA65 5,000,000.00 0.0M 0.55% 06/01/2023 0.00 0.00 5,000,000.00 5,000,000.00 09/18/2020 390 TAX18B Interest 172719975B 5,174,902.22 EWB 5.2M 1.70% Mat. 09/18/2020 09/18/2020 0.00 4,148.46 0.00 4,148.46 09/18/2020 390 TAX18B Interest 172719975B 5,174,902.22 EWB 5.2M 1.70% Mat. 09/18/2020 09/18/2020 -4,148.46 0.00 0.00 -4,148.46 09/18/2020 461 TAX18B Purchase 172719975C 5,241,608.17 EWB 5.2M 0.38% Mat. 06/18/2021 06/18/2021 -5,241,608.17 0.00 0.00 -5,241,608.17 09/30/2020 461 TAX18B Interest 172719975C 5,241,608.17 EWB 5.2M 0.38% Mat. 06/18/2021 06/18/2021 0.00 709.46 0.00 709.46 09/30/2020 461 TAX18B Interest 172719975C 5,241,608.17 EWB 5.2M 0.38% Mat. 06/18/2021 06/18/2021 -709.46 0.00 0.00 -709.46 10/01/2020 415 TAX18B Interest 677524DU1 3,300,000.00 OHIOST 3.3M 1.56% Mat. 10/01/2021 0.00 28,779.85 0.00 28,779.85 10/05/2020 411 TAX18B Maturity 2546R2K54 5,000,000.00 WALT 5.0M 1.95% Mat. 10/05/2020 10/05/2020 0.00 0.00 5,000,000.00 5,000,000.00 10/31/2020 461 TAX18B Interest 172719975C 5,241,608.17 EWB 5.2M 0.38% Mat. 06/18/2021 06/18/2021 0.00 1,692.17 0.00 1,692.17 10/31/2020 461 TAX18B Interest 172719975C 5,241,608.17 EWB 5.2M 0.38% Mat. 06/18/2021 06/18/2021 -1,692.17 0.00 0.00 -1,692.17 11/30/2020 461 TAX18B Interest 172719975C 5,241,608.17 EWB 5.2M 0.38% Mat. 06/18/2021 06/18/2021 0.00 1,638.11 0.00 1,638.11 11/30/2020 461 TAX18B Interest 172719975C 5,241,608.17 EWB 5.2M 0.38% Mat. 06/18/2021 06/18/2021 -1,638.11 0.00 0.00 -1,638.11
Subtotal -5,249,796.37 44,072.22 10,000,000.00 4,794,275.85
2020 Tax Bond A 11/04/2020 435 TAX20A Interest 3133EL2W3 3,500,000.00 FFCBC 3.5M 0.35% Mat. 05/04/2023 05/04/2023 0.00 3,062.50 0.00 3,062.50
Subtotal 0.00 3,062.50 0.00 3,062.50
2020 Tax Bond B 09/03/2020 447 TAX20B Purchase 05970RSU0 6,000,000.00 BANSAN 6.0M 0.00% Mat. 05/28/2021 -5,983,090.00 0.00 0.00 -5,983,090.00 09/15/2020 452 TAX20B Purchase 934021CN4 3,600,000.00 WARDCO 3.6M 5.00% Mat. 04/01/2023 -4,018,788.00 0.00 0.00 -4,018,788.00 09/15/2020 453 TAX20B Purchase 64966MWH8 1,020,000.00 NEWYRK 1.0M 2.85% Mat. 03/01/2022 -1,057,128.00 -1,130.50 0.00 -1,058,258.50 09/16/2020 455 TAX20B Purchase 683548EP2 1,235,000.00 OPELAL 1.2M 0.55% Mat. 06/01/2023 -1,235,000.00 0.00 0.00 -1,235,000.00 09/29/2020 456 TAX20B Purchase 836895FB3 5,000,000.00 SOCARO 5.0M 4.00% Mat. 04/15/2021 -5,101,100.00 0.00 0.00 -5,101,100.00 09/30/2020 457 TAX20B Purchase 957897MF5 600,000.00 WESTCA 0.6M 0.91% Mat. 04/01/2023 -600,000.00 0.00 0.00 -600,000.00 11/04/2020 436 TAX20B Interest 3133EL2W3 6,500,000.00 FFCBC 6.5M 0.35% Mat. 05/04/2023 05/04/2023 0.00 5,687.50 0.00 5,687.50 11/04/2020 437 TAX20B Interest 3133EL2W3 4,355,000.00 FFCBC 4.4M 0.35% Mat. 05/04/2023 05/04/2023 0.00 3,810.63 0.00 3,810.63
Subtotal -17,995,106.00 8,367.63 0.00 -17,986,738.37
Total -66,371,669.34 490,685.02 31,000,000.00 -34,880,984.32
Portfolio DMAR AP Run Date: 12/17/2020 - 14:46 AC (PRF_AC) 7.2.0 Report Ver. 7.3.6.1 Patterson & Associates Del Mar College 901 S. MoPac Suite 195 Purchases Report Austin, TX 78746 Sorted by Fund - Fund - September 1, 2020 - November 30, 2020
Sec. Original Purchase Principal Accrued Interest Rate at Maturity Ending CUSIP Investment # Fund Type Issuer Par Value Date Payment Periods Purchased at Purchase Purchase Date YTM Book Value Local Maintenance 443728FT2 446 LMAIN MC1 HUDSON 2,500,000.00 09/03/2020 09/02 - Final Pmt. 2,517,375.00 1.000 09/02/2021 0.301 2,513,115.95 64966QLA6 449 LMAIN MC1 NEWYRK 4,560,000.00 09/09/2020 02/01 - 08/01 4,560,000.00 0.360 08/01/2022 0.360 4,560,000.00 973279UH3 462 LMAIN MC1 WINDCT 2,000,000.00 10/01/2020 09/30 - Final Pmt. 2,033,800.00 2.000 09/30/2021 0.300 2,028,150.97 06742VE80 464 LMAIN ACP BARCBK 5,000,000.00 10/20/2020 07/16 - At Maturity 4,988,791.67 07/16/2021 0.304 4,990,541.67
Subtotal 14,060,000.00 14,099,966.67 0.00 14,091,808.59 Plant 64966QLA6 450 PLANT MC1 NEWYRK 4,500,000.00 09/09/2020 02/01 - 08/01 4,500,000.00 0.360 08/01/2022 0.360 4,500,000.00 59333NN90 458 PLANT MC1 MIAMI 5,000,000.00 09/30/2020 04/01 - 10/01 4,986,950.00 0.375 04/01/2023 0.480 4,989,155.12
Subtotal 9,500,000.00 9,486,950.00 0.00 9,489,155.12 Rev Bond I & S 356731BZ1 463 RBIS MC1 FREENY 1,800,000.00 10/07/2020 11/01 - 05/01 1,800,000.00 0.794 05/01/2024 0.794 1,800,000.00
Subtotal 1,800,000.00 1,800,000.00 0.00 1,800,000.00 Tax Bond I&S 683548EQ0 454 TAX MC1 OPELAL 1,430,000.00 09/16/2020 12/01 - 06/01 1,430,000.00 0.800 06/01/2024 0.800 1,430,000.00 59333NQ63 459 TAX MC1 MIAMI 1,515,000.00 09/30/2020 04/01 - 10/01 1,574,145.60 2.000 04/01/2023 0.430 1,570,141.29
Subtotal 2,945,000.00 3,004,145.60 0.00 3,000,141.29 2018 Tax Bond A 05970RSU0 448 TAX18A ACP BANSAN 5,000,000.00 09/03/2020 05/28 - At Maturity 4,985,908.33 0.380 05/28/2021 0.385 4,990,605.55 64966QLA6 451 TAX18A MC1 NEWYRK 4,500,000.00 09/09/2020 02/01 - 08/01 4,500,000.00 0.360 08/01/2022 0.360 4,500,000.00 172819604C 460 TAX18A RRP EWB 5,241,608.17 09/18/2020 / - Monthly 5,241,608.17 0.380 06/18/2021 0.380 5,245,647.91
Subtotal 14,741,608.17 14,727,516.50 0.00 14,736,253.46 2018 Tax Bond B 172719975C 461 TAX18B RRP EWB 5,241,608.17 09/18/2020 / - Monthly 5,241,608.17 0.380 06/18/2021 0.380 5,245,647.91
Subtotal 5,241,608.17 5,241,608.17 0.00 5,245,647.91 2020 Tax Bond B 05970RSU0 447 TAX20B ACP BANSAN 6,000,000.00 09/03/2020 05/28 - At Maturity 5,983,090.00 05/28/2021 0.385 5,988,726.67 64966MWH8 453 TAX20B MC1 NEWYRK 1,020,000.00 09/15/2020 03/01 - 09/01 1,057,128.00 1,130.50 2.850 03/01/2022 0.350 1,051,763.50 934021CN4 452 TAX20B MC1 WARDCO 3,600,000.00 09/15/2020 04/01 - 10/01 4,018,788.00 5.000 04/01/2023 0.400 3,984,041.40 683548EP2 455 TAX20B NCB OPELAL 1,235,000.00 09/16/2020 12/01 - 06/01 1,235,000.00 0.550 06/01/2023 0.550 1,235,000.00
Portfolio DMAR AP Run Date: 12/17/2020 - 14:33 PU (PRF_PU) 7.1.1 Report Ver. 7.3.6.1 Del Mar College Purchases Report Page 2 September 1, 2020 - November 30, 2020
Sec. Original Purchase Principal Accrued Interest Rate at Maturity Ending CUSIP Investment # Fund Type Issuer Par Value Date Payment Periods Purchased at Purchase Purchase Date YTM Book Value 2020 Tax Bond B 836895FB3 456 TAX20B MC1 SOCARO 5,000,000.00 09/29/2020 04/15 - Final Pmt. 5,101,100.00 4.000 04/15/2021 0.280 5,069,119.39 957897MF5 457 TAX20B MC1 WESTCA 600,000.00 09/30/2020 04/01 - 10/01 600,000.00 0.909 04/01/2023 0.909 600,000.00
Subtotal 17,455,000.00 17,995,106.00 1,130.50 17,928,650.96
Total Purchases 65,743,216.34 66,355,292.94 1,130.50 66,291,657.33
Portfolio DMAR AP Run Date: 12/17/2020 - 14:33 PU (PRF_PU) 7.1.1 Report Ver. 7.3.6.1 Patterson & Associates Del Mar College 901 S. MoPac Suite 195 Maturity Report Austin, TX 78746 Sorted by Maturity Date - Receipts during September 1, 2020 - November 30, 2020
Sec. Maturity Purchase Rate Book Value Maturity Net CUSIP Investment # Fund Type Issuer Par Value Date Date at Maturity at Maturity Interest Proceeds Income 71708EJG1 401 LMAIN ACP PFIZER 6,000,000.00 09/16/2020 03/20/2020 6,000,000.00 0.00 6,000,000.00 0.00 71708EJG1 402 PLANT ACP PFIZER 5,000,000.00 09/16/2020 03/20/2020 1.880 5,000,000.00 0.00 5,000,000.00 0.00 2546R2K54 410 LMAIN ACP WALT 5,000,000.00 10/05/2020 04/08/2020 5,000,000.00 0.00 5,000,000.00 0.00 2546R2K54 411 TAX18B ACP WALT 5,000,000.00 10/05/2020 04/08/2020 1.950 5,000,000.00 0.00 5,000,000.00 0.00
Total Maturities 21,000,000.00 21,000,000.00 0.00 21,000,000.00 0.00
Portfolio DMAR AP Run Date: 12/17/2020 - 14:44 MA (PRF_MA) 7.1.1 Report Ver. 7.3.6.1 Patterson & Associates Del Mar College 901 S. MoPac Suite 195 Sales/Call Report Austin, TX 78746 Sorted by Fund - Fund - September 1, 2020 - November 30, 2020
Issuer Purchase Redem. Date Par Rate at Book Value Redemption Redemption Total CUSIP Investment # Fund Sec. Type Date Matur. Date Value Redem. at Redem. Principal Interest Amount Net Income 2018 Tax Bond A 3134GVA65 421 TAX18A FHLMCC 06/25/2020 09/01/2020 5,000,000.00 0.550 5,000,000.00 5,000,000.00 7,104.17 5,007,104.17 7,104.17 FAC 06/01/2023 Call
Subtotal 5,000,000.00 5,000,000.00 5,000,000.00 7,104.17 5,007,104.17 7,104.17 2018 Tax Bond B 3134GVA65 422 TAX18B FHLMCC 06/25/2020 09/01/2020 5,000,000.00 0.550 5,000,000.00 5,000,000.00 7,104.17 5,007,104.17 7,104.17 FAC 06/01/2023 Call
Subtotal 5,000,000.00 5,000,000.00 5,000,000.00 7,104.17 5,007,104.17 7,104.17
Total Sales 10,000,000.00 10,000,000.00 10,000,000.00 14,208.34 10,014,208.34 14,208.34
Portfolio DMAR AP Run Date: 12/17/2020 - 14:45 SA (PRF_SA) 7.1.1 Report Ver. 7.3.6.1 Patterson & Associates Del Mar College 901 S. MoPac Suite 195 Interest Earnings Austin, TX 78746 Sorted by Fund - Fund - September 1, 2020 - November 30, 2020 Yield on Average Book Value
Adjusted Interest Earnings
Security Ending Beginning Average Maturity Current Annualized Interest Amortization/ Adjusted Interest CUSIP Investment # Fund Type Par Value Book Value Book Value Date Rate Yield Earned Accretion Earnings
Fund: Local Maintenance 999999997 40 LMAIN RR4 8,206.52 8,204.09 8,205.02 0.094 0.119 2.43 0.00 2.43 999999996 42 LMAIN RR3 29,878,971.82 17,026,116.20 22,547,093.17 0.159 0.196 11,006.45 0.00 11,006.45 999999995 41 LMAIN RR2 187,064.24 187,001.46 187,024.54 0.123 0.135 62.78 0.00 62.78 21309 298 LMAIN LA1 1,858,774.93 9,502,176.57 4,578,648.17 0.010 0.009 106.89 0.00 106.89 06742VE80 464 LMAIN ACP 5,000,000.00 0.00 2,302,932.69 07/16/2021 0.305 0.00 1,750.00 1,750.00 71708EJG1 401 LMAIN ACP 0.00 5,995,300.00 988,649.45 09/16/2020 1.907 0.00 4,700.00 4,700.00 88283LJT4 408 LMAIN MC1 5,085,000.00 5,290,097.52 5,266,085.68 10/01/2021 5.000 1.236 63,562.50 -47,330.20 16,232.30 2546R2K54 410 LMAIN ACP 0.00 4,990,791.67 1,866,462.23 10/05/2020 1.979 0.00 9,208.33 9,208.33 64970KQH3 412 LMAIN MC1 4,490,000.00 4,443,064.53 4,450,610.46 06/15/2021 1.340 0.00 14,873.92 14,873.92 59447P6U0 416 LMAIN MC1 6,100,000.00 6,255,144.96 6,225,629.06 05/01/2021 5.000 1.164 76,250.00 -58,179.36 18,070.64 05970RM44 418 LMAIN ACP 4,000,000.00 3,992,271.12 3,996,053.34 12/04/2020 0.751 0.00 7,482.21 7,482.21 2198X2PK9 441 LMAIN ACP 3,000,000.00 2,994,442.50 2,995,937.50 02/19/2021 0.396 0.00 2,957.50 2,957.50 443728FT2 446 LMAIN MC1 2,500,000.00 0.00 2,459,934.51 09/02/2021 1.000 0.302 6,111.11 -4,259.05 1,852.06 64966QLA6 449 LMAIN MC1 4,560,000.00 0.00 4,159,120.88 08/01/2022 0.360 0.361 3,739.20 0.00 3,739.20 973279UH3 462 LMAIN MC1 2,000,000.00 0.00 1,361,392.09 09/30/2021 2.000 0.300 6,666.67 -5,649.03 1,017.64
Subtotal 68,668,017.51 60,684,610.62 63,393,778.79 0.589 167,508.03 -74,445.68 93,062.35
Fund: Plant 999999996 261 PLANT RR3 3,219,459.32 8,575,730.93 4,783,792.31 0.159 0.217 2,584.94 0.00 2,584.94 71708EJG1 402 PLANT ACP 0.00 4,996,083.33 823,874.54 09/16/2020 1.880 1.907 0.00 3,916.67 3,916.67 64966QLA6 450 PLANT MC1 4,500,000.00 0.00 4,104,395.60 08/01/2022 0.360 0.361 3,690.00 0.00 3,690.00 59333NN90 458 PLANT MC1 5,000,000.00 0.00 3,398,465.71 04/01/2023 0.375 0.635 3,177.08 2,205.12 5,382.20
Subtotal 12,719,459.32 13,571,814.26 13,110,528.17 0.476 9,452.02 6,121.79 15,573.81
Fund: Rev Bond I & S 999999996 107 RBIS RR3 299,500.48 2,098,887.59 1,050,884.01 0.159 0.234 612.89 0.00 612.89 999999995 50 RBIS RR2 16,226.35 16,220.87 16,222.88 0.123 0.135 5.48 0.00 5.48 6913041023 205 RBIS RRP 238.66 238.57 238.60 0.150 0.151 0.09 0.00 0.09 356731BZ1 463 RBIS MC1 1,800,000.00 0.00 1,087,912.09 05/01/2024 0.794 0.790 2,143.80 0.00 2,143.80
Subtotal 2,115,965.49 2,115,347.03 2,155,257.58 0.514 2,762.26 0.00 2,762.26
Portfolio DMAR AP Run Date: 12/17/2020 - 14:30 IE (PRF_IE) 7.2.0 Report Ver. 7.3.6.1 Del Mar College Interest Earnings Page 2 September 1, 2020 - November 30, 2020 Adjusted Interest Earnings
Security Ending Beginning Average Maturity Current Annualized Interest Amortization/ Adjusted Interest CUSIP Investment # Fund Type Par Value Book Value Book Value Date Rate Yield Earned Accretion Earnings
Fund: Tax Bond I&S 999999996 49 TAX RR3 1,420,518.56 4,423,483.20 2,140,009.25 0.159 0.222 1,185.36 0.00 1,185.36 999999995 48 TAX RR2 116,860.13 116,820.93 116,835.34 0.123 0.135 39.20 0.00 39.20 6913041015 208 TAX RRP 3.81 3.81 3.81 0.00 0.00 0.00 683548EQ0 454 TAX MC1 1,430,000.00 0.00 1,194,285.71 06/01/2024 0.800 0.800 2,383.33 0.00 2,383.33 59333NQ63 459 TAX MC1 1,515,000.00 0.00 1,071,108.34 04/01/2023 2.000 0.423 5,134.17 -4,004.31 1,129.86
Subtotal 4,482,382.50 4,540,307.94 4,522,242.46 0.420 8,742.06 -4,004.31 4,737.75
Fund: 2018 Tax Bond A 999999996 315 TAX18A RR3 3,261,099.38 8,092,157.76 3,908,139.90 0.159 0.210 2,042.84 0.00 2,042.84 3134GVA65 421 TAX18A FAC 0.00 5,000,000.00 0.00 06/01/2023 0.550 0.00 0.00 0.00 3136G4R54 443 TAX18A FAC 5,000,000.00 5,000,000.00 5,000,000.00 08/24/2023 0.375 0.376 4,687.50 0.00 4,687.50 172819604B 389 TAX18A RRP 0.00 5,237,459.71 978,426.54 09/18/2020 1.700 1.701 4,148.46 0.00 4,148.46 172819604C 460 TAX18A RRP 5,245,647.91 0.00 4,263,484.47 06/18/2021 0.380 0.380 4,039.74 0.00 4,039.74 05990CRP1 429 TAX18A ACP 6,000,000.00 5,980,500.00 5,984,333.33 04/23/2021 0.508 0.00 7,583.33 7,583.33 88283LJT4 409 TAX18A MC1 4,000,000.00 4,161,335.32 4,142,446.95 10/01/2021 5.000 1.236 50,000.00 -37,231.23 12,768.77 914378KU7 414 TAX18A MC1 3,700,000.00 3,754,547.22 3,750,177.77 04/01/2022 2.125 1.181 19,656.25 -8,612.72 11,043.53 05970RSU0 448 TAX18A ACP 5,000,000.00 0.00 4,878,650.73 05/28/2021 0.380 0.386 0.00 4,697.22 4,697.22 05970RM44 419 TAX18A ACP 3,000,000.00 2,994,203.34 2,997,040.00 12/04/2020 0.740 0.751 0.00 5,611.66 5,611.66 64966QLA6 451 TAX18A MC1 4,500,000.00 0.00 4,104,395.60 08/01/2022 0.360 0.361 3,690.00 0.00 3,690.00
Subtotal 39,706,747.29 40,220,203.35 40,062,040.34 0.604 88,264.79 -27,951.74 60,313.05
Fund: 2018 Tax Bond B 999999996 316 TAX18B RR3 56,836.61 4,151,683.85 3,933,506.25 0.159 0.203 1,994.16 0.00 1,994.16 3134GVA65 422 TAX18B FAC 0.00 5,000,000.00 0.00 06/01/2023 0.550 0.00 0.00 0.00 3136G4R54 444 TAX18B FAC 5,000,000.00 5,000,000.00 5,000,000.00 08/24/2023 0.375 0.376 4,687.50 0.00 4,687.50 172719975B 390 TAX18B RRP 0.00 5,237,459.71 978,426.54 09/18/2020 1.700 1.701 4,148.46 0.00 4,148.46 172719975C 461 TAX18B RRP 5,245,647.91 0.00 4,263,484.47 06/18/2021 0.380 0.380 4,039.74 0.00 4,039.74 05990CRP1 430 TAX18B ACP 6,000,000.00 5,980,500.00 5,984,333.33 04/23/2021 0.500 0.508 0.00 7,583.33 7,583.33 2546R2K54 411 TAX18B ACP 0.00 4,990,791.67 1,866,462.23 10/05/2020 1.950 1.979 0.00 9,208.33 9,208.33 677524DU1 415 TAX18B MC1 3,300,000.00 3,315,076.29 3,313,311.23 10/01/2021 1.562 1.139 12,886.50 -3,479.15 9,407.35 05970RM44 420 TAX18B ACP 3,000,000.00 2,994,203.34 2,997,040.00 12/04/2020 0.740 0.751 0.00 5,611.66 5,611.66
Subtotal 22,602,484.52 36,669,714.86 28,391,509.09 0.659 27,756.36 18,924.17 46,680.53
Fund: 2020 Tax Bond A 999999996 433 TAX20A RR3 2,788,145.94 2,786,746.39 2,787,308.03 0.159 0.201 1,399.55 0.00 1,399.55 3133EL2W3 435 TAX20A FAC 3,500,000.00 3,498,761.24 3,499,577.36 05/04/2023 0.350 0.493 3,062.50 1,238.76 4,301.26 3133ELT61 427 TAX20A FAC 5,000,000.00 4,998,055.56 4,999,561.97 01/13/2023 0.340 0.497 4,250.00 1,944.44 6,194.44 3133ELX25 432 TAX20A FAC 5,000,000.00 4,998,003.01 4,999,451.38 01/22/2024 0.470 0.632 5,875.00 1,996.99 7,871.99 05990CNF7 425 TAX20A ACP 5,000,000.00 4,990,744.45 4,993,875.00 01/15/2021 0.497 0.00 6,193.05 6,193.05
Portfolio DMAR AP Run Date: 12/17/2020 - 14:30 IE (PRF_IE) 7.2.0 Report Ver. 7.3.6.1 Del Mar College Interest Earnings Page 3 September 1, 2020 - November 30, 2020 Adjusted Interest Earnings
Security Ending Beginning Average Maturity Current Annualized Interest Amortization/ Adjusted Interest CUSIP Investment # Fund Type Par Value Book Value Book Value Date Rate Yield Earned Accretion Earnings
Fund: 2020 Tax Bond A 083763VZ2 423 TAX20A MC1 3,755,000.00 3,800,785.97 3,793,292.93 06/10/2021 2.000 0.424 18,775.00 -14,769.67 4,005.33 494135AM8 439 TAX20A MC1 200,000.00 200,000.00 200,000.00 08/01/2022 0.501 0.502 250.50 0.00 250.50
Subtotal 25,243,145.94 25,273,096.62 25,273,066.66 0.480 33,612.55 -3,396.43 30,216.12
Fund: 2020 Tax Bond B 999999996 434 TAX20B RR3 3,539,805.43 23,771,229.12 8,345,880.38 0.159 0.225 4,676.31 0.00 4,676.31 836895FB3 456 TAX20B MC1 5,000,000.00 0.00 3,520,279.17 04/15/2021 4.000 0.281 34,444.44 -31,980.61 2,463.83 31422BM80 438 TAX20B FAC 5,000,000.00 4,997,694.44 4,998,328.60 08/17/2023 0.375 0.476 4,687.50 1,250.00 5,937.50 3136G4B51 431 TAX20B FAC 5,000,000.00 5,000,000.00 5,000,000.00 07/27/2023 0.420 0.421 5,250.00 0.00 5,250.00 3136G4R54 445 TAX20B FAC 5,000,000.00 5,000,000.00 5,000,000.00 08/24/2023 0.375 0.376 4,687.50 0.00 4,687.50 3133ELT61 428 TAX20B FAC 5,000,000.00 4,998,055.56 4,999,561.97 01/13/2023 0.340 0.497 4,250.00 1,944.44 6,194.44 3133EL2W3 437 TAX20B FAC 4,355,000.00 4,355,000.00 4,355,000.00 05/04/2023 0.350 0.351 3,810.63 0.00 3,810.63 3133EL2W3 436 TAX20B FAC 6,500,000.00 6,497,699.44 6,499,215.09 05/04/2023 0.350 0.493 5,687.50 2,300.56 7,988.06 05990CNF7 426 TAX20B ACP 5,000,000.00 4,990,744.45 4,993,875.00 01/15/2021 0.490 0.497 0.00 6,193.05 6,193.05 05970RSU0 447 TAX20B ACP 6,000,000.00 0.00 5,854,380.88 05/28/2021 0.386 0.00 5,636.67 5,636.67 083763VZ2 424 TAX20B MC1 3,755,000.00 3,800,785.97 3,793,292.93 06/10/2021 2.000 0.424 18,775.00 -14,769.67 4,005.33 494135AN6 440 TAX20B MC1 305,000.00 305,000.00 305,000.00 08/01/2023 0.602 0.604 459.03 0.00 459.03 2198X2PK9 442 TAX20B ACP 4,000,000.00 3,992,590.00 3,994,583.33 02/19/2021 0.390 0.396 0.00 3,943.33 3,943.33 64966MWH8 453 TAX20B MC1 1,020,000.00 0.00 892,187.65 03/01/2022 2.850 0.347 6,137.00 -5,364.50 772.50 934021CN4 452 TAX20B MC1 3,600,000.00 0.00 3,385,581.33 04/01/2023 5.000 0.385 38,000.00 -34,746.60 3,253.40 683548EP2 455 TAX20B NCB 1,235,000.00 0.00 1,031,428.57 06/01/2023 0.550 0.548 1,410.46 0.00 1,410.46 957897MF5 457 TAX20B MC1 600,000.00 0.00 408,791.21 04/01/2023 0.909 0.907 924.15 0.00 924.15
Subtotal 64,909,805.43 67,708,798.98 67,377,386.11 0.402 133,199.52 -65,593.33 67,606.19
Total 240,448,008.00 250,783,893.66 244,285,809.20 0.527 471,297.59 -150,345.53 320,952.06
Portfolio DMAR AP Run Date: 12/17/2020 - 14:30 IE (PRF_IE) 7.2.0 Report Ver. 7.3.6.1 Patterson & Associates Del Mar College 901 S. MoPac Suite 195 Amortization Schedule Austin, TX 78746 September 1, 2020 - November 30, 2020 - Sorted By Fund - Fund
Investment # Maturity Date Beginning Par Value Amounts Amortized Purchase Original Premium Ending And Unamortized Amount Amortized Amt Amortized Amount Unamortized Issuer Fund Amort. Date Current Rate Principal or Discount Book Value As of 09/01/2020 This Period Through 11/30/2020 Through 11/30/2020 Local Maintenance
418 LMAIN 12/04/2020 4,000,000.00 3,985,282.24 -14,717.76 3,999,753.33 6,988.88 7,482.21 14,471.09 -246.67 Banco Santander CP -7,728.88 464 LMAIN 07/16/2021 5,000,000.00 4,988,791.67 -11,208.33 4,990,541.67 0.00 1,750.00 1,750.00 -9,458.33 Barclays Bank CP -11,208.33 441 LMAIN 02/19/2021 3,000,000.00 2,994,182.50 -5,817.50 2,997,400.00 260.00 2,957.50 3,217.50 -2,600.00 Corp Andina de Fomento CP -5,557.50 446 LMAIN 09/02/2021 2,500,000.00 2,517,375.00 17,375.00 2,513,115.95 0.00 -4,259.05 -4,259.05 13,115.95 Hudson County NJ Impr Auth 1.000 17,375.00 416 LMAIN 05/01/2021 6,100,000.00 6,342,414.00 242,414.00 6,196,965.60 -87,269.04 -58,179.36 -145,448.40 96,965.60 Michigan State Fiance Auth 5.000 155,144.96 412 LMAIN 06/15/2021 4,490,000.00 4,419,596.80 -70,403.20 4,457,938.45 23,467.73 14,873.92 38,341.65 -32,061.55 NYC Water & Sewer System -46,935.47 401 LMAIN 09/16/2020 6,000,000.00 5,943,600.00 -56,400.00 0.00 51,700.00 4,700.00 56,400.00 0.00 Pfizer Inc CP -4,700.00 408 LMAIN 10/01/2021 5,085,000.00 5,367,929.40 282,929.40 5,242,767.32 -77,831.88 -47,330.20 -125,162.08 157,767.32 Texas Trans Commission 5.000 205,097.52 410 LMAIN 10/05/2020 5,000,000.00 4,951,250.00 -48,750.00 0.00 39,541.67 9,208.33 48,750.00 0.00 Walt Disney CP -9,208.33 462 LMAIN 09/30/2021 2,000,000.00 2,033,800.00 33,800.00 2,028,150.97 0.00 -5,649.03 -5,649.03 28,150.97 Town of Windham CT 2.000 33,800.00
Subtotal 43,544,221.61 369,221.61 32,426,633.29 -43,142.64 -74,445.68 -117,588.32 251,633.29 326,078.97 Plant
458 PLANT 04/01/2023 5,000,000.00 4,986,950.00 -13,050.00 4,989,155.12 0.00 2,205.12 2,205.12 -10,844.88 Miami-Dade County FL 10/01/2021 0.375 -13,050.00 402 PLANT 09/16/2020 5,000,000.00 4,953,000.00 -47,000.00 0.00 43,083.33 3,916.67 47,000.00 0.00 Pfizer Inc CP 1.880 -3,916.67
Subtotal 9,939,950.00 -60,050.00 4,989,155.12 43,083.33 6,121.79 49,205.12 -10,844.88 -16,966.67 Tax Bond I&S
459 TAX 04/01/2023 1,515,000.00 1,574,145.60 59,145.60 1,570,141.29 0.00 -4,004.31 -4,004.31 55,141.29 Miami-Dade County FL 2.000 59,145.60
Subtotal 1,574,145.60 59,145.60 1,570,141.29 0.00 -4,004.31 -4,004.31 55,141.29 59,145.60
Portfolio DMAR AP Run Date: 12/17/2020 - 14:32 AS (PRF_ASW) 7.2.1 Report Ver. 7.3.6.1 Del Mar College Amortization Schedule Page 2 September 1, 2020 - November 30, 2020
Investment # Maturity Date Beginning Par Value Amounts Amortized Purchase Original Premium Ending And Unamortized Amount Amortized Amt Amortized Amount Unamortized Issuer Fund Amort. Date Current Rate Principal or Discount Book Value As of 09/01/2020 This Period Through 11/30/2020 Through 11/30/2020 2018 Tax Bond A
419 TAX18A 12/04/2020 3,000,000.00 2,988,961.68 -11,038.32 2,999,815.00 5,241.66 5,611.66 10,853.32 -185.00 Banco Santander CP 0.740 -5,796.66 448 TAX18A 05/28/2021 5,000,000.00 4,985,908.33 -14,091.67 4,990,605.55 0.00 4,697.22 4,697.22 -9,394.45 Banco Santander CP 0.380 -14,091.67 429 TAX18A 04/23/2021 6,000,000.00 5,977,583.33 -22,416.67 5,988,083.33 2,916.67 7,583.33 10,500.00 -11,916.67 Banco Credito Miami CP -19,500.00 421 TAX18A 06/01/2023 5,000,000.00 5,000,350.00 350.00 0.00 -350.00 0.00 -350.00 0.00 FHLMC Call Note 09/01/2020 0.550 0.00 409 TAX18A 10/01/2021 4,000,000.00 4,222,560.00 222,560.00 4,124,104.09 -61,224.68 -37,231.23 -98,455.91 124,104.09 Texas Trans Commission 5.000 161,335.32 414 TAX18A 04/01/2022 3,700,000.00 3,767,562.00 67,562.00 3,745,934.50 -13,014.78 -8,612.72 -21,627.50 45,934.50 University of Kentucky 2.125 54,547.22
Subtotal 26,942,925.34 242,925.34 21,848,542.47 -66,431.13 -27,951.74 -94,382.87 148,542.47 176,494.21 2018 Tax Bond B
420 TAX18B 12/04/2020 3,000,000.00 2,988,961.68 -11,038.32 2,999,815.00 5,241.66 5,611.66 10,853.32 -185.00 Banco Santander CP 0.740 -5,796.66 430 TAX18B 04/23/2021 6,000,000.00 5,977,583.33 -22,416.67 5,988,083.33 2,916.67 7,583.33 10,500.00 -11,916.67 Banco Credito Miami CP 0.500 -19,500.00 422 TAX18B 06/01/2023 5,000,000.00 5,000,350.00 350.00 0.00 -350.00 0.00 -350.00 0.00 FHLMC Call Note 09/01/2020 0.550 0.00 415 TAX18B 10/01/2021 3,300,000.00 3,320,295.00 20,295.00 3,311,597.14 -5,218.71 -3,479.15 -8,697.86 11,597.14 Ohio State Corrections Facs 1.562 15,076.29 411 TAX18B 10/05/2020 5,000,000.00 4,951,250.00 -48,750.00 0.00 39,541.67 9,208.33 48,750.00 0.00 Walt Disney CP 1.950 -9,208.33
Subtotal 22,238,440.01 -61,559.99 12,299,495.47 42,131.29 18,924.17 61,055.46 -504.53 -19,428.70 2020 Tax Bond A
425 TAX20A 01/15/2021 5,000,000.00 4,987,954.17 -12,045.83 4,996,937.50 2,790.28 6,193.05 8,983.33 -3,062.50 Banco Credito Miami CP -9,255.55 423 TAX20A 06/10/2021 3,755,000.00 3,808,170.80 53,170.80 3,786,016.30 -7,384.83 -14,769.67 -22,154.50 31,016.30 Bergen County NJ 2.000 45,785.97 427 TAX20A 01/13/2023 5,000,000.00 4,996,250.00 -3,750.00 5,000,000.00 1,805.56 1,944.44 3,750.00 0.00 FFCB Cal lNote 10/13/2020 0.340 -1,944.44 432 TAX20A 01/22/2024 5,000,000.00 4,996,750.00 -3,250.00 5,000,000.00 1,253.01 1,996.99 3,250.00 0.00 FFCB Cal lNote 10/22/2020 0.470 -1,996.99 435 TAX20A 05/04/2023 3,500,000.00 3,498,250.00 -1,750.00 3,500,000.00 511.24 1,238.76 1,750.00 0.00 FFCB Cal lNote 11/04/2020 0.350 -1,238.76
Portfolio DMAR AP Run Date: 12/17/2020 - 14:32 AS (PRF_ASW) 7.2.1 Report Ver. 7.3.6.1 Del Mar College Amortization Schedule Page 3 September 1, 2020 - November 30, 2020
Investment # Maturity Date Beginning Par Value Amounts Amortized Purchase Original Premium Ending And Unamortized Amount Amortized Amt Amortized Amount Unamortized Issuer Fund Amort. Date Current Rate Principal or Discount Book Value As of 09/01/2020 This Period Through 11/30/2020 Through 11/30/2020 Subtotal 22,287,374.97 32,374.97 22,282,953.80 -1,024.74 -3,396.43 -4,421.17 27,953.80 31,350.23 2020 Tax Bond B
447 TAX20B 05/28/2021 6,000,000.00 5,983,090.00 -16,910.00 5,988,726.67 0.00 5,636.67 5,636.67 -11,273.33 Banco Santander CP -16,910.00 426 TAX20B 01/15/2021 5,000,000.00 4,987,954.17 -12,045.83 4,996,937.50 2,790.28 6,193.05 8,983.33 -3,062.50 Banco Credito Miami CP 0.490 -9,255.55 424 TAX20B 06/10/2021 3,755,000.00 3,808,170.80 53,170.80 3,786,016.30 -7,384.83 -14,769.67 -22,154.50 31,016.30 Bergen County NJ 2.000 45,785.97 442 TAX20B 02/19/2021 4,000,000.00 3,992,243.33 -7,756.67 3,996,533.33 346.67 3,943.33 4,290.00 -3,466.67 Corp Andina de Fomento CP 0.390 -7,410.00 438 TAX20B 08/17/2023 5,000,000.00 4,997,500.00 -2,500.00 4,998,944.44 194.44 1,250.00 1,444.44 -1,055.56 FRMAC Call Note 02/17/2021 0.375 -2,305.56 428 TAX20B 01/13/2023 5,000,000.00 4,996,250.00 -3,750.00 5,000,000.00 1,805.56 1,944.44 3,750.00 0.00 FFCB Cal lNote 10/13/2020 0.340 -1,944.44 436 TAX20B 05/04/2023 6,500,000.00 6,496,750.00 -3,250.00 6,500,000.00 949.44 2,300.56 3,250.00 0.00 FFCB Cal lNote 11/04/2020 0.350 -2,300.56 453 TAX20B 03/01/2022 1,020,000.00 1,057,128.00 37,128.00 1,051,763.50 0.00 -5,364.50 -5,364.50 31,763.50 City of New York NY 2.850 37,128.00 456 TAX20B 04/15/2021 5,000,000.00 5,101,100.00 101,100.00 5,069,119.39 0.00 -31,980.61 -31,980.61 69,119.39 South Carolina St Assn of Gov 4.000 101,100.00 452 TAX20B 04/01/2023 3,600,000.00 4,018,788.00 418,788.00 3,984,041.40 0.00 -34,746.60 -34,746.60 384,041.40 Ward County ND 5.000 418,788.00
Subtotal 45,438,974.30 563,974.30 45,372,082.53 -1,298.44 -65,593.33 -66,891.77 497,082.53 562,675.86 Total 171,966,031.83 1,146,031.83 140,789,003.97 -26,682.33 -150,345.53 -177,027.86 969,003.97 1,119,349.50
Portfolio DMAR AP Run Date: 12/17/2020 - 14:32 AS (PRF_ASW) 7.2.1 Report Ver. 7.3.6.1 Patterson & Associates Del Mar College 901 S. MoPac Suite 195 Projected Cashflow Report Austin, TX 78746 Sorted by Monthly - For the Period December 1, 2020 - June 30, 2021
Projected Transaction Trans. Date Investment # Fund Security ID Type Issuer Par Value Original Cost Principal Interest Total December 2020 12/01/2020 454 TAX 683548EQ0 Interest Opelika AL Utilities 0.00 0.00 0.00 2,383.33 2,383.33 12/01/2020 455 TAX20B 683548EP2 Interest Opelika AL Utilities 0.00 0.00 0.00 1,410.46 1,410.46 12/04/2020 418 LMAIN 05970RM44 Maturity Banco Santander CP 4,000,000.00 3,985,282.24 4,000,000.00 0.00 4,000,000.00 12/04/2020 419 TAX18A 05970RM44 Maturity Banco Santander CP 3,000,000.00 2,988,961.68 3,000,000.00 0.00 3,000,000.00 12/04/2020 420 TAX18B 05970RM44 Maturity Banco Santander CP 3,000,000.00 2,988,961.68 3,000,000.00 0.00 3,000,000.00 12/15/2020 412 LMAIN 64970KQH3 Interest NYC Water & Sewer System 0.00 0.00 0.00 0.00 0.00 Total for December 2020 10,000,000.00 9,963,205.60 10,000,000.00 3,793.79 10,003,793.79 January 2021 01/13/2021 427 TAX20A 3133ELT61 Interest FFCB Cal lNote 0.00 0.00 0.00 8,500.00 8,500.00 01/13/2021 428 TAX20B 3133ELT61 Interest FFCB Cal lNote 0.00 0.00 0.00 8,500.00 8,500.00 01/15/2021 425 TAX20A 05990CNF7 Maturity Banco Credito Miami CP 5,000,000.00 4,987,954.17 5,000,000.00 0.00 5,000,000.00 01/15/2021 426 TAX20B 05990CNF7 Maturity Banco Credito Miami CP 5,000,000.00 4,987,954.17 5,000,000.00 0.00 5,000,000.00 01/22/2021 432 TAX20A 3133ELX25 Interest FFCB Cal lNote 0.00 0.00 0.00 11,750.00 11,750.00 01/27/2021 431 TAX20B 3136G4B51 Interest FNMA Call Note 0.00 0.00 0.00 10,500.00 10,500.00 Total for January 2021 10,000,000.00 9,975,908.34 10,000,000.00 39,250.00 10,039,250.00 February 2021 02/01/2021 439 TAX20A 494135AM8 Interest Killeen TX 0.00 0.00 0.00 453.68 453.68 02/01/2021 440 TAX20B 494135AN6 Interest Killeen TX 0.00 0.00 0.00 831.35 831.35 02/01/2021 449 LMAIN 64966QLA6 Interest City of New York NY 0.00 0.00 0.00 6,475.20 6,475.20 02/01/2021 450 PLANT 64966QLA6 Interest City of New York NY 0.00 0.00 0.00 6,390.00 6,390.00 02/01/2021 451 TAX18A 64966QLA6 Interest City of New York NY 0.00 0.00 0.00 6,390.00 6,390.00 02/17/2021 438 TAX20B 31422BM80 Interest FRMAC Call Note 0.00 0.00 0.00 9,375.00 9,375.00 02/17/2021 438 TAX20B 31422BM80 Call FRMAC Call Note 5,000,000.00 4,997,500.00 5,000,000.00 0.00 5,000,000.00 02/19/2021 441 LMAIN 2198X2PK9 Maturity Corp Andina de Fomento CP 3,000,000.00 2,994,182.50 3,000,000.00 0.00 3,000,000.00 02/19/2021 442 TAX20B 2198X2PK9 Maturity Corp Andina de Fomento CP 4,000,000.00 3,992,243.33 4,000,000.00 0.00 4,000,000.00 02/24/2021 443 TAX18A 3136G4R54 Interest FNMA Call Note 0.00 0.00 0.00 9,375.00 9,375.00 02/24/2021 444 TAX18B 3136G4R54 Interest FNMA Call Note 0.00 0.00 0.00 9,375.00 9,375.00 02/24/2021 445 TAX20B 3136G4R54 Interest FNMA Call Note 0.00 0.00 0.00 9,375.00 9,375.00 Total for February 2021 12,000,000.00 11,983,925.83 12,000,000.00 58,040.23 12,058,040.23 March 2021 03/01/2021 453 TAX20B 64966MWH8 Interest City of New York NY 0.00 0.00 0.00 14,535.00 14,535.00 Total for March 2021 0.00 0.00 0.00 14,535.00 14,535.00
Portfolio DMAR AP Run Date: 12/17/2020 - 14:50 PC (PRF_PC) 7.2.0 Report Ver. 7.3.6.1 Del Mar College Projected Cashflow Report For the Period December 1, 2020 - June 30, 2021 Page 2
Projected Transaction Trans. Date Investment # Fund Security ID Type Issuer Par Value Original Cost Principal Interest Total April 2021 04/01/2021 408 LMAIN 88283LJT4 Interest Texas Trans Commission Highway 0.00 0.00 0.00 127,125.00 127,125.00 04/01/2021 409 TAX18A 88283LJT4 Interest Texas Trans Commission Highway 0.00 0.00 0.00 100,000.00 100,000.00 04/01/2021 414 TAX18A 914378KU7 Interest University of Kentucky 0.00 0.00 0.00 39,312.50 39,312.50 04/01/2021 415 TAX18B 677524DU1 Interest Ohio State Corrections Facs 0.00 0.00 0.00 25,773.00 25,773.00 04/01/2021 452 TAX20B 934021CN4 Interest Ward County ND 0.00 0.00 0.00 98,000.00 98,000.00 04/01/2021 457 TAX20B 957897MF5 Interest Western Carolina University NC 0.00 0.00 0.00 2,742.15 2,742.15 04/01/2021 458 PLANT 59333NN90 Interest Miami-Dade County FL 0.00 0.00 0.00 9,427.08 9,427.08 04/01/2021 459 TAX 59333NQ63 Interest Miami-Dade County FL 0.00 0.00 0.00 15,234.17 15,234.17 04/15/2021 456 TAX20B 836895FB3 Maturity South Carolina St Assn of Gov 5,000,000.00 5,101,100.00 5,000,000.00 108,888.89 5,108,888.89 04/23/2021 429 TAX18A 05990CRP1 Maturity Banco Credito Miami CP 6,000,000.00 5,977,583.33 6,000,000.00 0.00 6,000,000.00 04/23/2021 430 TAX18B 05990CRP1 Maturity Banco Credito Miami CP 6,000,000.00 5,977,583.33 6,000,000.00 0.00 6,000,000.00 Total for April 2021 17,000,000.00 17,056,266.66 17,000,000.00 526,502.79 17,526,502.79 May 2021 05/01/2021 416 LMAIN 59447P6U0 Maturity Michigan State Fiance Auth 6,100,000.00 6,342,414.00 6,100,000.00 152,500.00 6,252,500.00 05/01/2021 463 RBIS 356731BZ1 Interest Village of Freeport NY 0.00 0.00 0.00 7,146.00 7,146.00 05/04/2021 435 TAX20A 3133EL2W3 Interest FFCB Cal lNote 0.00 0.00 0.00 6,125.00 6,125.00 05/04/2021 436 TAX20B 3133EL2W3 Interest FFCB Cal lNote 0.00 0.00 0.00 11,375.00 11,375.00 05/04/2021 437 TAX20B 3133EL2W3 Interest FFCB Cal lNote 0.00 0.00 0.00 7,621.25 7,621.25 05/28/2021 447 TAX20B 05970RSU0 Maturity Banco Santander CP 6,000,000.00 5,983,090.00 6,000,000.00 0.00 6,000,000.00 05/28/2021 448 TAX18A 05970RSU0 Maturity Banco Santander CP 5,000,000.00 4,985,908.33 5,000,000.00 0.00 5,000,000.00 Total for May 2021 17,100,000.00 17,311,412.33 17,100,000.00 184,767.25 17,284,767.25 June 2021 06/01/2021 454 TAX 683548EQ0 Interest Opelika AL Utilities 0.00 0.00 0.00 5,720.00 5,720.00 06/01/2021 455 TAX20B 683548EP2 Interest Opelika AL Utilities 0.00 0.00 0.00 3,396.25 3,396.25 06/10/2021 423 TAX20A 083763VZ2 Maturity Bergen County NJ 3,755,000.00 3,808,170.80 3,755,000.00 67,798.61 3,822,798.61 06/10/2021 424 TAX20B 083763VZ2 Maturity Bergen County NJ 3,755,000.00 3,808,170.80 3,755,000.00 67,798.61 3,822,798.61 06/15/2021 412 LMAIN 64970KQH3 Maturity NYC Water & Sewer System 4,490,000.00 4,419,596.80 4,490,000.00 0.00 4,490,000.00 Total for June 2021 12,000,000.00 12,035,938.40 12,000,000.00 144,713.47 12,144,713.47
GRAND TOTALS: 78,100,000.00 78,326,657.16 78,100,000.00 971,602.53 79,071,602.53
Portfolio DMAR AP Run Date: 12/17/2020 - 14:50 PC (PRF_PC) 7.2.0 Report Ver. 7.3.6.1 Patterson & Associates Del Mar College 901 S. MoPac Suite 195 Texas Compliance Change in Val Report Austin, TX 78746 Sorted by Fund - September 1, 2020 - November 30, 2020
Beginning Ending Inv # Issuer Fund Purch Date Interest Accrual Book Value Book Value Beginning Purchases/ Ending Cusip Par Value YTM Mat Date Interest Received Market Value Additions Redemptions Change in Value Market Value Fund: Local Maintenance 209 WFABC LMAIN 09/01/2014 0.00 0.00 223,092,883.80 223,092,883.80 0.00 0.00
6936021309 0.00 0.000 / / 0.00 0.00 223,092,883.80 223,092,883.80 0.00 0.00
298 WFSTSW LMAIN 09/01/2020 106.89 9,502,176.57 73,769,486.64 81,412,770.03 -7,643,401.64 1,858,774.93
21309 1,858,774.93 0.010 / / 118.25 9,502,176.57 73,769,486.64 81,412,770.03 -7,643,401.64 1,858,774.93
40 TXSTAR LMAIN 09/01/2006 2.43 8,204.09 2.43 0.00 2.43 8,206.52
999999997 8,206.52 0.094 / / 2.43 8,204.09 2.43 0.00 2.43 8,206.52
401 PFIZER LMAIN 03/20/2020 0.00 5,995,300.00 0.00 6,000,000.00 -5,995,300.00 0.00
71708EJG1 0.00 0.000 09/16/2020 0.00 5,995,300.00 0.00 6,000,000.00 -5,995,300.00 0.00
408 TXTRAN LMAIN 04/03/2020 63,562.50 5,290,097.52 0.00 0.00 -47,330.20 5,242,767.32
88283LJT4 5,085,000.00 1.231 10/01/2021 125,712.50 5,351,148.90 0.00 0.00 -61,986.15 5,289,162.75
41 TXPOOL LMAIN 09/01/2006 62.78 187,001.46 62.78 0.00 62.78 187,064.24
999999995 187,064.24 0.123 / / 62.78 187,001.46 62.78 0.00 62.78 187,064.24
410 WALT LMAIN 04/08/2020 0.00 4,990,791.67 0.00 5,000,000.00 -4,990,791.67 0.00
2546R2K54 0.00 0.000 10/05/2020 0.00 4,990,791.67 0.00 5,000,000.00 -4,990,791.67 0.00
412 NYCWSS LMAIN 04/09/2020 0.00 4,443,064.53 0.00 0.00 14,873.92 4,457,938.45
64970KQH3 4,490,000.00 1.340 06/15/2021 0.00 4,479,089.30 0.00 0.00 4,894.10 4,483,983.40
416 MICHST LMAIN 04/16/2020 76,250.00 6,255,144.96 0.00 0.00 -58,179.36 6,196,965.60
59447P6U0 6,100,000.00 1.150 05/01/2021 152,500.00 6,289,161.00 0.00 0.00 -71,431.00 6,217,730.00
418 BANSAN LMAIN 06/08/2020 0.00 3,992,271.12 0.00 0.00 7,482.21 3,999,753.33
05970RM44 4,000,000.00 0.742 12/04/2020 0.00 3,992,271.12 0.00 0.00 7,482.21 3,999,753.33
42 LOGIC LMAIN 09/01/2006 11,006.45 17,026,116.20 43,917,005.62 31,064,150.00 12,852,855.62 29,878,971.82
999999996 29,878,971.82 0.159 / / 11,006.45 17,026,116.20 43,917,005.62 31,064,150.00 12,852,855.62 29,878,971.82
Portfolio DMAR
Run Date: 12/17/2020 - 14:51 TC (PRF_TC) 7.0 Report Ver. 7.3.6.1 Del Mar College Texas Compliance Change in Val Report Page 2 September 1, 2020 - November 30, 2020
Beginning Ending Inv # Issuer Fund Purch Date Interest Accrual Book Value Book Value Beginning Purchases/ Ending Cusip Par Value YTM Mat Date Interest Received Market Value Additions Redemptions Change in Value Market Value 441 CORPAF LMAIN 08/24/2020 0.00 2,994,442.50 0.00 0.00 2,957.50 2,997,400.00
2198X2PK9 3,000,000.00 0.390 02/19/2021 0.00 2,994,442.50 0.00 0.00 2,957.50 2,997,400.00
446 HUDSON LMAIN 09/03/2020 6,111.11 0.00 2,517,375.00 0.00 2,513,115.95 2,513,115.95
443728FT2 2,500,000.00 0.300 09/02/2021 0.00 0.00 2,517,375.00 0.00 2,513,175.00 2,513,175.00
449 NEWYRK LMAIN 09/09/2020 3,739.20 0.00 4,560,000.00 0.00 4,560,000.00 4,560,000.00
64966QLA6 4,560,000.00 0.360 08/01/2022 0.00 0.00 4,560,000.00 0.00 4,548,372.00 4,548,372.00
462 WINDCT LMAIN 10/01/2020 6,666.67 0.00 2,033,800.00 0.00 2,028,150.97 2,028,150.97
973279UH3 2,000,000.00 0.300 09/30/2021 0.00 0.00 2,033,800.00 0.00 2,028,340.00 2,028,340.00
464 BARCBK LMAIN 10/20/2020 0.00 0.00 4,988,791.67 0.00 4,990,541.67 4,990,541.67
06742VE80 5,000,000.00 0.304 07/16/2021 0.00 0.00 4,988,791.67 0.00 4,990,541.67 4,990,541.67
Sub Totals For: Fund: Local Maintenance 167,508.03 60,684,610.62 354,879,407.94 346,569,803.83 8,235,040.18 68,919,650.80
289,402.41 60,815,702.81 354,879,407.94 346,569,803.83 8,185,772.85 69,001,475.66 Fund: Plant 261 LOGIC PLANT 01/27/2017 2,584.94 8,575,730.93 5,002,584.94 10,358,856.55 -5,356,271.61 3,219,459.32
999999996 3,219,459.32 0.159 / / 2,584.94 8,575,730.93 5,002,584.94 10,358,856.55 -5,356,271.61 3,219,459.32
402 PFIZER PLANT 03/20/2020 0.00 4,996,083.33 0.00 5,000,000.00 -4,996,083.33 0.00
71708EJG1 0.00 0.000 09/16/2020 0.00 4,996,083.33 0.00 5,000,000.00 -4,996,083.33 0.00
450 NEWYRK PLANT 09/09/2020 3,690.00 0.00 4,500,000.00 0.00 4,500,000.00 4,500,000.00
64966QLA6 4,500,000.00 0.360 08/01/2022 0.00 0.00 4,500,000.00 0.00 4,488,525.00 4,488,525.00
458 MIAMI PLANT 09/30/2020 3,177.08 0.00 4,986,950.00 0.00 4,989,155.12 4,989,155.12
59333NN90 5,000,000.00 0.480 04/01/2023 0.00 0.00 4,986,950.00 0.00 4,980,050.00 4,980,050.00
Sub Totals For: Fund: Plant 9,452.02 13,571,814.26 14,489,534.94 15,358,856.55 -863,199.82 12,708,614.44
2,584.94 13,571,814.26 14,489,534.94 15,358,856.55 -883,779.94 12,688,034.32 Fund: Rev Bond I & S 107 LOGIC RBIS 08/27/2009 612.89 2,098,887.59 612.89 1,800,000.00 -1,799,387.11 299,500.48
999999996 299,500.48 0.159 / / 612.89 2,098,887.59 612.89 1,800,000.00 -1,799,387.11 299,500.48
Portfolio DMAR
Run Date: 12/17/2020 - 14:51 TC (PRF_TC) 7.0 Report Ver. 7.3.6.1 Del Mar College Texas Compliance Change in Val Report Page 3 September 1, 2020 - November 30, 2020
Beginning Ending Inv # Issuer Fund Purch Date Interest Accrual Book Value Book Value Beginning Purchases/ Ending Cusip Par Value YTM Mat Date Interest Received Market Value Additions Redemptions Change in Value Market Value 205 WFBC+ RBIS 08/01/2014 0.09 238.57 0.09 0.00 0.09 238.66
6913041023 238.66 0.150 / / 0.09 238.57 0.09 0.00 0.09 238.66
463 FREENY RBIS 10/07/2020 2,143.80 0.00 1,800,000.00 0.00 1,800,000.00 1,800,000.00
356731BZ1 1,800,000.00 0.794 05/01/2024 952.80 0.00 1,800,000.00 0.00 1,801,566.00 1,801,566.00
50 TXPOOL RBIS 09/01/2006 5.48 16,220.87 5.48 0.00 5.48 16,226.35
999999995 16,226.35 0.123 / / 5.48 16,220.87 5.48 0.00 5.48 16,226.35
Sub Totals For: Fund: Rev Bond I & S 2,762.26 2,115,347.03 1,800,618.46 1,800,000.00 618.46 2,115,965.49
1,571.26 2,115,347.03 1,800,618.46 1,800,000.00 2,184.46 2,117,531.49 Fund: Tax Bond I&S 208 WFABC TAX 09/01/2014 0.00 3.81 0.00 0.00 0.00 3.81
6913041015 3.81 0.000 / / 0.00 3.81 0.00 0.00 0.00 3.81
454 OPELAL TAX 09/16/2020 2,383.33 0.00 1,430,000.00 0.00 1,430,000.00 1,430,000.00
683548EQ0 1,430,000.00 0.800 06/01/2024 2,383.33 0.00 1,430,000.00 0.00 1,432,259.40 1,432,259.40
459 MIAMI TAX 09/30/2020 5,134.17 0.00 1,574,145.60 0.00 1,570,141.29 1,570,141.29
59333NQ63 1,515,000.00 0.430 04/01/2023 0.00 0.00 1,574,145.60 0.00 1,565,525.25 1,565,525.25
48 TXPOOL TAX 09/01/2006 39.20 116,820.93 39.20 0.00 39.20 116,860.13
999999995 116,860.13 0.123 / / 39.20 116,820.93 39.20 0.00 39.20 116,860.13
49 LOGIC TAX 09/01/2006 1,185.36 4,423,483.20 1,185.36 3,004,150.00 -3,002,964.64 1,420,518.56
999999996 1,420,518.56 0.159 / / 1,185.36 4,423,483.20 1,185.36 3,004,150.00 -3,002,964.64 1,420,518.56
Sub Totals For: Fund: Tax Bond I&S 8,742.06 4,540,307.94 3,005,370.16 3,004,150.00 -2,784.15 4,537,523.79
3,607.89 4,540,307.94 3,005,370.16 3,004,150.00 -5,140.79 4,535,167.15 Fund: Series 2016 Tax Bond 252 LOGIC TAX16 10/03/2016 0.00 0.00 0.00 0.00 0.00 0.00
999999996 0.00 0.000 / / 0.00 0.00 0.00 0.00 0.00 0.00
Sub Totals For: Fund: Series 2016 Tax Bond 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 Fund: Series 2017 Tax Bond
Portfolio DMAR
Run Date: 12/17/2020 - 14:51 TC (PRF_TC) 7.0 Report Ver. 7.3.6.1 Del Mar College Texas Compliance Change in Val Report Page 4 September 1, 2020 - November 30, 2020
Beginning Ending Inv # Issuer Fund Purch Date Interest Accrual Book Value Book Value Beginning Purchases/ Ending Cusip Par Value YTM Mat Date Interest Received Market Value Additions Redemptions Change in Value Market Value 279 LOGIC TAX17 07/05/2017 0.00 0.00 0.00 0.00 0.00 0.00
999999996 0.00 0.000 / / 0.00 0.00 0.00 0.00 0.00 0.00
Sub Totals For: Fund: Series 2017 Tax Bond 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 Fund: 2018 Tax Bond A 315 LOGIC TAX18A 08/10/2018 2,042.84 8,092,157.76 2,042.84 4,833,101.22 -4,831,058.38 3,261,099.38
999999996 3,261,099.38 0.159 / / 2,042.84 8,092,157.76 2,042.84 4,833,101.22 -4,831,058.38 3,261,099.38
389 EWB TAX18A 12/18/2019 4,148.46 5,237,459.71 4,148.46 5,241,608.17 -5,237,459.71 0.00
172819604B 0.00 0.000 09/18/2020 4,148.46 5,237,459.71 4,148.46 5,241,608.17 -5,237,459.71 0.00
409 TXTRAN TAX18A 04/03/2020 50,000.00 4,161,335.32 0.00 0.00 -37,231.23 4,124,104.09
88283LJT4 4,000,000.00 1.231 10/01/2021 98,888.89 4,209,360.00 0.00 0.00 -48,760.00 4,160,600.00
414 UNIVKY TAX18A 04/15/2020 19,656.25 3,754,547.22 0.00 0.00 -8,612.72 3,745,934.50
914378KU7 3,700,000.00 1.180 04/01/2022 36,254.86 3,766,785.00 0.00 0.00 -2,738.00 3,764,047.00
419 BANSAN TAX18A 06/08/2020 0.00 2,994,203.34 0.00 0.00 5,611.66 2,999,815.00
05970RM44 3,000,000.00 0.742 12/04/2020 0.00 2,994,203.34 0.00 0.00 5,611.66 2,999,815.00
421 FHLMCC TAX18A 06/25/2020 0.00 5,000,000.00 0.00 5,000,000.00 -5,000,000.00 0.00
3134GVA65 0.00 0.000 06/01/2023 5,041.67 5,000,000.00 0.00 5,000,000.00 -5,000,000.00 0.00
429 BCIMIA TAX18A 07/28/2020 0.00 5,980,500.00 0.00 0.00 7,583.33 5,988,083.33
05990CRP1 6,000,000.00 0.510 04/23/2021 0.00 5,980,500.00 0.00 0.00 7,583.33 5,988,083.33
443 FNMAC TAX18A 08/24/2020 4,687.50 5,000,000.00 0.00 0.00 0.00 5,000,000.00
3136G4R54 5,000,000.00 0.375 08/24/2023 0.00 5,000,163.55 0.00 0.00 -6,766.75 4,993,396.80
448 BANSAN TAX18A 09/03/2020 0.00 0.00 4,985,908.33 0.00 4,990,605.55 4,990,605.55
05970RSU0 5,000,000.00 0.385 05/28/2021 0.00 0.00 4,985,908.33 0.00 4,990,605.55 4,990,605.55
451 NEWYRK TAX18A 09/09/2020 3,690.00 0.00 4,500,000.00 0.00 4,500,000.00 4,500,000.00
64966QLA6 4,500,000.00 0.360 08/01/2022 0.00 0.00 4,500,000.00 0.00 4,488,525.00 4,488,525.00
460 EWB TAX18A 09/18/2020 4,039.74 0.00 5,245,647.91 0.00 5,245,647.91 5,245,647.91
172819604C 5,245,647.91 0.380 06/18/2021 4,039.74 0.00 5,245,647.91 0.00 5,245,647.91 5,245,647.91
Portfolio DMAR
Run Date: 12/17/2020 - 14:51 TC (PRF_TC) 7.0 Report Ver. 7.3.6.1 Del Mar College Texas Compliance Change in Val Report Page 5 September 1, 2020 - November 30, 2020
Beginning Ending Inv # Issuer Fund Purch Date Interest Accrual Book Value Book Value Beginning Purchases/ Ending Cusip Par Value YTM Mat Date Interest Received Market Value Additions Redemptions Change in Value Market Value
Sub Totals For: Fund: 2018 Tax Bond A 88,264.79 40,220,203.35 14,737,747.54 15,074,709.39 -364,913.59 39,855,289.76
150,416.46 40,280,629.36 14,737,747.54 15,074,709.39 -388,809.39 39,891,819.97 Fund: 2018 Tax Bond B 316 LOGIC TAX18B 08/10/2018 1,994.16 4,151,683.85 5,001,994.16 9,096,841.40 -4,094,847.24 56,836.61
999999996 56,836.61 0.159 / / 1,994.16 4,151,683.85 5,001,994.16 9,096,841.40 -4,094,847.24 56,836.61
390 EWB TAX18B 12/18/2019 4,148.46 5,237,459.71 4,148.46 5,241,608.17 -5,237,459.71 0.00
172719975B 0.00 0.000 09/18/2020 4,148.46 5,237,459.71 4,148.46 5,241,608.17 -5,237,459.71 0.00
411 WALT TAX18B 04/08/2020 0.00 4,990,791.67 0.00 5,000,000.00 -4,990,791.67 0.00
2546R2K54 0.00 0.000 10/05/2020 0.00 4,990,791.67 0.00 5,000,000.00 -4,990,791.67 0.00
415 OHIOST TAX18B 04/16/2020 12,886.50 3,315,076.29 0.00 0.00 -3,479.15 3,311,597.14
677524DU1 3,300,000.00 1.135 10/01/2021 23,625.25 3,339,336.00 0.00 0.00 -7,821.00 3,331,515.00
420 BANSAN TAX18B 06/08/2020 0.00 2,994,203.34 0.00 0.00 5,611.66 2,999,815.00
05970RM44 3,000,000.00 0.742 12/04/2020 0.00 2,994,203.34 0.00 0.00 5,611.66 2,999,815.00
422 FHLMCC TAX18B 06/25/2020 0.00 5,000,000.00 0.00 5,000,000.00 -5,000,000.00 0.00
3134GVA65 0.00 0.000 06/01/2023 5,041.67 5,000,000.00 0.00 5,000,000.00 -5,000,000.00 0.00
430 BCIMIA TAX18B 07/28/2020 0.00 5,980,500.00 0.00 0.00 7,583.33 5,988,083.33
05990CRP1 6,000,000.00 0.510 04/23/2021 0.00 5,980,500.00 0.00 0.00 7,583.33 5,988,083.33
444 FNMAC TAX18B 08/24/2020 4,687.50 5,000,000.00 0.00 0.00 0.00 5,000,000.00
3136G4R54 5,000,000.00 0.375 08/24/2023 0.00 5,000,163.55 0.00 0.00 -6,766.75 4,993,396.80
461 EWB TAX18B 09/18/2020 4,039.74 0.00 5,245,647.91 0.00 5,245,647.91 5,245,647.91
172719975C 5,245,647.91 0.380 06/18/2021 4,039.74 0.00 5,245,647.91 0.00 5,245,647.91 5,245,647.91
Sub Totals For: Fund: 2018 Tax Bond B 27,756.36 36,669,714.86 10,251,790.53 24,338,449.57 -14,067,734.87 22,601,979.99
38,849.28 36,694,138.12 10,251,790.53 24,338,449.57 -14,078,843.47 22,615,294.65 Fund: 2020 Tax Bond A 423 BERGEN TAX20A 07/16/2020 18,775.00 3,800,785.97 0.00 0.00 -14,769.67 3,786,016.30
083763VZ2 3,755,000.00 0.420 06/10/2021 0.00 3,795,854.40 0.00 0.00 -12,241.30 3,783,613.10
Portfolio DMAR
Run Date: 12/17/2020 - 14:51 TC (PRF_TC) 7.0 Report Ver. 7.3.6.1 Del Mar College Texas Compliance Change in Val Report Page 6 September 1, 2020 - November 30, 2020
Beginning Ending Inv # Issuer Fund Purch Date Interest Accrual Book Value Book Value Beginning Purchases/ Ending Cusip Par Value YTM Mat Date Interest Received Market Value Additions Redemptions Change in Value Market Value 425 BCIMIA TAX20A 07/22/2020 0.00 4,990,744.45 0.00 0.00 6,193.05 4,996,937.50
05990CNF7 5,000,000.00 0.491 01/15/2021 0.00 4,990,744.45 0.00 0.00 6,193.05 4,996,937.50
427 FFCBC TAX20A 07/22/2020 4,250.00 4,998,055.56 0.00 0.00 1,944.44 5,000,000.00
3133ELT61 5,000,000.00 0.370 01/13/2023 0.00 5,000,004.45 0.00 0.00 -2,576.95 4,997,427.50
432 FFCBC TAX20A 07/29/2020 5,875.00 4,998,003.01 0.00 0.00 1,996.99 5,000,000.00
3133ELX25 5,000,000.00 0.488 01/22/2024 0.00 4,990,629.85 0.00 0.00 6,248.55 4,996,878.40
433 LOGIC TAX20A 06/30/2020 1,399.55 2,786,746.39 1,399.55 0.00 1,399.55 2,788,145.94
999999996 2,788,145.94 0.159 / / 1,399.55 2,786,746.39 1,399.55 0.00 1,399.55 2,788,145.94
435 FFCBC TAX20A 08/05/2020 3,062.50 3,498,761.24 0.00 0.00 1,238.76 3,500,000.00
3133EL2W3 3,500,000.00 0.368 05/04/2023 3,028.47 3,496,638.32 0.00 0.00 413.46 3,497,051.78
439 KILNTX TAX20A 08/18/2020 250.50 200,000.00 0.00 0.00 0.00 200,000.00
494135AM8 200,000.00 0.501 08/01/2022 0.00 200,172.00 0.00 0.00 116.00 200,288.00
Sub Totals For: Fund: 2020 Tax Bond A 33,612.55 25,273,096.62 1,399.55 0.00 -1,996.88 25,271,099.74
4,428.02 25,260,789.86 1,399.55 0.00 -447.64 25,260,342.22 Fund: 2020 Tax Bond B 424 BERGEN TAX20B 07/16/2020 18,775.00 3,800,785.97 0.00 0.00 -14,769.67 3,786,016.30
083763VZ2 3,755,000.00 0.420 06/10/2021 0.00 3,795,854.40 0.00 0.00 -12,241.30 3,783,613.10
426 BCIMIA TAX20B 07/22/2020 0.00 4,990,744.45 0.00 0.00 6,193.05 4,996,937.50
05990CNF7 5,000,000.00 0.491 01/15/2021 0.00 4,990,744.45 0.00 0.00 6,193.05 4,996,937.50
428 FFCBC TAX20B 07/22/2020 4,250.00 4,998,055.56 0.00 0.00 1,944.44 5,000,000.00
3133ELT61 5,000,000.00 0.370 01/13/2023 0.00 5,000,004.45 0.00 0.00 -2,576.95 4,997,427.50
431 FNMAC TAX20B 07/29/2020 5,250.00 5,000,000.00 0.00 0.00 0.00 5,000,000.00
3136G4B51 5,000,000.00 0.419 07/27/2023 0.00 4,998,059.00 0.00 0.00 4,406.05 5,002,465.05
434 LOGIC TAX20B 06/30/2020 4,676.31 23,771,229.12 4,676.31 20,236,100.00 -20,231,423.69 3,539,805.43
999999996 3,539,805.43 0.159 / / 4,676.31 23,771,229.12 4,676.31 20,236,100.00 -20,231,423.69 3,539,805.43
436 FFCBC TAX20B 08/05/2020 5,687.50 6,497,699.44 0.00 0.00 2,300.56 6,500,000.00
3133EL2W3 6,500,000.00 0.368 05/04/2023 5,624.31 6,493,756.88 0.00 0.00 767.85 6,494,524.73
Portfolio DMAR
Run Date: 12/17/2020 - 14:51 TC (PRF_TC) 7.0 Report Ver. 7.3.6.1 Del Mar College Texas Compliance Change in Val Report Page 7 September 1, 2020 - November 30, 2020
Beginning Ending Inv # Issuer Fund Purch Date Interest Accrual Book Value Book Value Beginning Purchases/ Ending Cusip Par Value YTM Mat Date Interest Received Market Value Additions Redemptions Change in Value Market Value 437 FFCBC TAX20B 08/10/2020 3,810.63 4,355,000.00 0.00 0.00 0.00 4,355,000.00
3133EL2W3 4,355,000.00 0.350 05/04/2023 3,556.59 4,350,817.11 0.00 0.00 514.46 4,351,331.57
438 FAMCAC TAX20B 08/17/2020 4,687.50 4,997,694.44 0.00 0.00 1,250.00 4,998,944.44
31422BM80 5,000,000.00 0.391 08/17/2023 0.00 4,992,636.85 0.00 0.00 -4,022.45 4,988,614.40
440 KILNTX TAX20B 08/18/2020 459.03 305,000.00 0.00 0.00 0.00 305,000.00
494135AN6 305,000.00 0.602 08/01/2023 0.00 305,454.45 0.00 0.00 179.95 305,634.40
442 CORPAF TAX20B 08/24/2020 0.00 3,992,590.00 0.00 0.00 3,943.33 3,996,533.33
2198X2PK9 4,000,000.00 0.390 02/19/2021 0.00 3,992,590.00 0.00 0.00 3,943.33 3,996,533.33
445 FNMAC TAX20B 08/24/2020 4,687.50 5,000,000.00 0.00 0.00 0.00 5,000,000.00
3136G4R54 5,000,000.00 0.375 08/24/2023 0.00 5,000,163.55 0.00 0.00 -6,766.75 4,993,396.80
447 BANSAN TAX20B 09/03/2020 0.00 0.00 5,983,090.00 0.00 5,988,726.67 5,988,726.67
05970RSU0 6,000,000.00 0.385 05/28/2021 0.00 0.00 5,983,090.00 0.00 5,988,726.67 5,988,726.67
452 WARDCO TAX20B 09/15/2020 38,000.00 0.00 4,018,788.00 0.00 3,984,041.40 3,984,041.40
934021CN4 3,600,000.00 0.400 04/01/2023 0.00 0.00 4,018,788.00 0.00 3,982,140.00 3,982,140.00
453 NEWYRK TAX20B 09/15/2020 6,137.00 0.00 1,057,128.00 0.00 1,051,763.50 1,051,763.50
64966MWH8 1,020,000.00 0.350 03/01/2022 0.00 0.00 1,057,128.00 0.00 1,049,610.60 1,049,610.60
455 OPELAL TAX20B 09/16/2020 1,410.46 0.00 1,235,000.00 0.00 1,235,000.00 1,235,000.00
683548EP2 1,235,000.00 0.550 06/01/2023 0.00 0.00 1,235,000.00 0.00 1,236,062.10 1,236,062.10
456 SOCARO TAX20B 09/29/2020 34,444.44 0.00 5,101,100.00 0.00 5,069,119.39 5,069,119.39
836895FB3 5,000,000.00 0.280 04/15/2021 0.00 0.00 5,101,100.00 0.00 5,069,400.00 5,069,400.00
457 WESTCA TAX20B 09/30/2020 924.15 0.00 600,000.00 0.00 600,000.00 600,000.00
957897MF5 600,000.00 0.908 04/01/2023 0.00 0.00 600,000.00 0.00 596,850.00 596,850.00
Sub Totals For: Fund: 2020 Tax Bond B 133,199.52 67,708,798.98 17,999,782.31 20,236,100.00 -2,301,911.02 65,406,887.96
13,857.21 67,691,310.26 17,999,782.31 20,236,100.00 -2,318,237.08 65,373,073.18 Fund: TPEG Loan 54 TXPOOL TPEG 09/01/2006 0.00 0.00 0.00 0.00 0.00 0.00
999999995 0.00 0.000 / / 0.00 0.00 0.00 0.00 0.00 0.00
Portfolio DMAR
Run Date: 12/17/2020 - 14:51 TC (PRF_TC) 7.0 Report Ver. 7.3.6.1 Del Mar College Texas Compliance Change in Val Report Page 8 September 1, 2020 - November 30, 2020
Beginning Ending Inv # Issuer Fund Purch Date Interest Accrual Book Value Book Value Beginning Purchases/ Ending Cusip Par Value YTM Mat Date Interest Received Market Value Additions Redemptions Change in Value Market Value 55 LOGIC TPEG 09/01/2006 0.00 0.00 0.00 0.00 0.00 0.00
999999996 0.00 0.000 / / 0.00 0.00 0.00 0.00 0.00 0.00
Sub Totals For: Fund: TPEG Loan 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
Report Grand Totals: 471,297.59 250,783,893.66 417,165,651.43 426,382,069.34 -9,366,881.69 241,417,011.97
504,717.47 250,970,039.64 417,165,651.43 426,382,069.34 -9,487,301.00 241,482,738.64
Portfolio DMAR
Run Date: 12/17/2020 - 14:51 TC (PRF_TC) 7.0 Report Ver. 7.3.6.1 Del Mar College Annual Investment Report (Including Deposits)
November 30, 2020 Investment or Deposit Type Market Value
Publicly Traded Equity and Similar Investments Common Stock (U.S. and foreign stocks held in separately managed accounts or internally managed by institution investment staff; exclude mutual or commingled funds) Equity/Stock Mutual Funds Balanced Mutual Funds (where target allocation is > 80% equities) "Commonfund" Equity Commingled Funds Other Equity Commingled Funds Preferred Stock Other - list by type
Total Publicly Traded Equity and Similar Investments 0.00
"Other" Investments - Other than Publicly Traded Equity and Debt Investments Real Estate (include direct ownership & investments in real estate limited partnerships, privte REITs or similar vehicles; include a portfolio of publicly traded REITs if managed as a separate asset allocation category rather than comprising art of a broadly diversified stock portfolio) Other Real Aset Investments (e.g. investments in infrastructure funds) Private Equity Hedge Funds "Commonfund" Alternative Asset Commingled Funds (Real Estate, Private Equity, Hedge Funds, Commodities, etc.) Annuities Commodities Collectibles Other - list by type
Total "Other" Investments - Other than Publicly Traded Equity and Debt Investments 0.00
Publicly Traded Debt & Similar Investments > 1 year maturity U.S. Government Securities ("Treasuries") U.S. Government Agency Securities ("Agencies") Mortgage Pass Throughs - "Agency" Mortgage Pass Throughs - "Private Label" Asset Backed Securities (ABS) (other than mortgage-backed securities) Sovereign Debt (non-U.S.) Municipal Obligations 75,100,587.10 Collaterized Mortgage Obligations (CMOs) - list below by category Interest Only Strips (IOs) Principal Only Strips (POs) Inverse Floaters Stated Final Maturity longer than 10 years Other CMOs - "Agency" Other CMOs - "Private Label" Corporate Obligations (U.S. or foreign companies) - list below by rating Highly Rated (AAA/AA or equivalent) Other Investment Grade (A/BBB or equivalent) High Yield Bonds (
Total Publicly Traded Debt & Similar Investments > 1 year 75,100,587.10
Short-Term Investments and Deposits U.S. Government Securities ("Treasuries") 0.00 U.S. Government Agency Securities ("Agencies") 54,305,911.33 Bankers' Acceptances Commercial Paper - A1/P1 (or equivalent) 54,933,232.21 Other Commercial Paper - lower rated Repurchase Agreements (Repos) Money Market Mutual Funds (registered with the SEC) Short-Term Mutual Funds Other than Money Market Mutual Fund (registered with the SEC) Public Funds investment Pool Created to Function as a MM Mutual Fund (not registered w/SEC but "2a7-like") TexPool (and TexPool Prime) 320,150.72 Other Public Funds Investment Pools Functioning as Money Market Mutual Funds 44,472,544.06 Other Investment Pools - Short-Term (not created to function as a money market mutual fund) Certificates of Deposit (CD) - Non-negotiable 10,491,295.82 Certificates of Deposit (CD) - Negotiable Bank Deposits 1,859,017.40 Cash Held at State Treasury Securities Lending Collateral Reinvestments (direct investments or share of pooled collateral) Other - list by type
Total Short-Term Investments & Deposits 166,382,151.54 TOTAL INVESTMENTS and DEPOSITS 241,482,738.64
Investment Disclosures:
Del Mar College utilizes an outside investment advisor, Patterson & Associates, located at Barton OAKs Plaza II, 901 South MoPac, Suite 195 in Austin, Texas. The investment advisory service is on a non-discretionary basis, meaning the investment advisor obtains prior approval for all investment transactions from Del Mar College.
Del Mar College does not use soft dollars, directed brokerage or directed commission, commission recapture or similar arrangements.
The Summary of Investments above for Del Mar College are not associated with an independent endowment or foundation.
Explanantions of Applicable Asset Classes
Other Money Market Funds and Pools Money funds and pools with a constant $1.00 per share net asset value objective. Short-Term Investments Includes all debt investments with a maturity (as of purchase date) of less than one year and all cash and bank deposits. TexPool Investments Investments in TexPool. Includes other Texas pool investments with other money market funds. U.S. Government Agency Securities Securities issued by U.S. Government-sponsored agencies or corporations such as FNMA, FHLMC, or FHLB that do not have full faith and credit guarantees from the U.S. U.S. Government Includes Treasuries and any other investment with an affirmative full faith and credit guarantees from the U.S. Government.