Rock Valley College Board of Trustees Community College District No. 511 February 24, 2015 Study Session at 5:15 p.m., Woodward Technology Center (WTC) Room 117/119/121 General Session at 6:00 p.m., Woodward Technology Center Room 117/119/121
STUDY SESSION – 5:15 p.m.
A. Call to Order B. Roll Call C. Tour Engineering Week Open House in WTC D. Recess to General Session
GENERAL SESSION – 6:00 p.m.
A. Approve Minutes: January 27, 2015 B. Communications and Petitions (Public Comment) C. Recognition of Visitors 1. Newly Tenured Faculty D. General Presentations 1. Marketing Project Update – Mr. Jay Graham, GrahamSpencer E. Board Committee Reports and Presentation of Approved Committee Meeting Minutes 1. Facilities Committee – January 12, 2015 2. Finance Committee – December 12, 2014 3. Human Resources Committee – November 19, 2014 4. Teaching & Learning Committee – January 20, 2015 F. Reports 1. Vital Signs a. Payroll, Healthcare Costs, Cash, CLI Milestones; Aviation Hangar Educational Facility b. Recruitment Summary Report c. Data Briefs: 10th Day Census Enrollment and Student Profile d. Freedom of Information Act (FOIA) Report e. College and Community Events Calendar 2. President’s Report a. BR 7176 – Claims Sheet 712 (Check Register) (Alpha Register) (Checks over $10,000) b. BR 7177 – Purchase Report #690 1) BR 7177 – Purchase Report #690-A 2) BR 7177 – Purchase Report #690-B 3) BR 7177 – Purchase Report #690-C c. BR 7178 – Personnel Report #686 d. BR 7179 – Approve Lease for SCCE Equipment (Machinery Source) (Attachment)
Rock Valley College Board of Trustees February 24, 2015 Page 1 of 2
3. Attorney’s Report a. AR #330 – Resolution Accepting Notice to Bargain – Fraternal Order of Police (FOP) b. AR #331 – Resolution Regarding Board Policy 4:10.070 (Student Classification) (Attachment) c. AR #332 – Consideration and action on a resolution authorizing and providing for an Installment Purchase Agreement for the purpose of paying the cost of purchasing real or personal property, or both, in and for the District, and for the issue of the District's $30,000,000 Debt Certificates, Series 2015A and $10,000,000 Debt Certificates, Series 2015B, evidencing the rights to payment under said Agreement, providing for the security for and means of payment under said Agreement of said Certificates, and authorizing the sale of the Series 2015A Certificates to BMO Harris Bank and the Series 2015B Certificates to Alpine Bank & Trust Company G. ICCTA Report H. Student Trustee Report I. New Business 1. Marketing II Long-term Project – March 17 Tentative Special Meeting 2. New Trustee Orientation 3. Board Retreat – Saturday, May 2 (Tentative) J. Unfinished Business 1. Boone County Community Conversation – March 12, 6:00 p.m., Community Building, Belvidere 2. Election: a. Student Government Association (SGA) Trustee Candidate Forum – February 25, 5:00 p.m., Student Center Atrium b. Next Rockford Trustee Candidate Forum – Thursday, March 12 at 7:30 a.m., SC Atrium c. Election Day – April 7, 2015 3. Stenstrom (OPN) update 4. Procedure Manual update K. Trustee Comments L. President’s Comments 1. Accolades – RVC Book Store M. Adjourn to Closed Session to discuss the appointment, employment, compensation, discipline, performance, or dismissal of specific employees; and/or collective negotiating matters; and/or the purchase or lease of real property per Section 2 (c) (1), Section 2 (c) (2) and Section 2 (c) (5) of the Illinois Open Meetings Act. N. Reconvene Open Session O. Possible Action Items as a Result of Closed Session P. Date of Next Meeting: March 24, 2015: 5:15 p.m. Study Session; Woodward Technology Center Room 141/142; 6:00 p.m. General Session, Woodward Technology Center 117/119/121 Q. Adjourn
Frank Haney, Board Chair
Rock Valley College Board of Trustees February 24, 2015 Page 2 of 2
Illinois Community College District #511 Rock Valley College 3301 North Mulford Road Rockford, IL 61114
Board of Trustees Meeting January 27, 2015
Study Session
The Study Session of the Board of Trustees of Community College District No. 511, Winnebago, Boone, DeKalb, McHenry, Ogle, and Stephenson Counties, Illinois, convened in room 141/142 of the Woodward Technology Center (WTC) on the main campus, on Tuesday, January 27, 2015 at 5:20 p.m. Chairperson Frank Haney called the meeting to order.
Roll Call
The following members of the Board were present:
Mr. Michael Dunn, Jr. Mr. Frank Haney Ms. Lynn Kearney Ms. Kathy Kelley Mr. Randy Schaefer Mr. Patrick Murphy Spencer Haydary, student trustee
The following member of the Board was absent: Mr. Don Gillingham
Also in attendance: Mr. Mike Mastroianni, President; Dr. Brian Sager, outgoing Provost/Chief Academic Officer; Dr. Carmen Coballes-Vega, incoming Provost/Chief Academic Officer; Ms. Susan Busenbark, Vice President of Liberal Arts and Sciences; Mr. Sam Overton, Jr., Vice President of Administrative Services; Dr. Amy Diaz, Vice President of Student Development; Mr. Ron Geary, Vice President of Career & Technical Education/Outreach; Ms. Jessica Jones, Vice President of Human Resources; Dr. Lisa Mehlig, Vice President Institutional Research and Effectiveness; Mr. Melvin Allen, Executive Director of Student Recruitment; Ms. Nancy Chamberlain, Executive Director of College Communications and Marketing; Mr. Andy Dolan, External Relations Officer; Ms. Susan Glenn, Vice President and Chief Development Officer, RVC Foundation; Ms. Ann Kerwitz, Assistant to the President; Attorney Joe Perkoski: Professor Michael Beert, Interim Dean of Social Science and Humanities; RVC Students Ms. Gianna Storm, Ms. Sarah Castiglioni, Mr. Kevin Ahlenius, Ms. Julia Mendes, and Mr. Max Burke, all members of the Student Government Association.
Discussion
1. Student Survey Results
Student Trustee Spencer Haydary thanked Dr. Lisa Mehlig for her help and assistance with the student survey and the presentation being given tonight by members of the Student Government Association (SGA).
Rock Valley College Board of Trustees Minutes of January 27, 2015 Page 1 of 14
Following brief self-introductions, the SGA members each described a portion of the presentation, beginning with the methodology of the survey, which was taken electronically the first week of December 2014. The survey presented 41 questions in six sections including Demographics, Student Life; Tuition and Fees; Classes and Course-taking Behavior; and Programs and Services. More than 240 students completed the survey, but only 227 were usable responses due to the lack of appropriate consent.
Survey results are summarized as follows:
• Participants in the survey were primarily full-time, traditional students, age 24 and below, who prefer to take face-to-face classes on the main campus. • The optimal time period for attendance at events is 4-7 p.m. Monday through Friday. • Of options presented, the most interest in competitive sports was for football, swimming, track and field, and fencing. • The most popular food vendor was Chipotle, which also offers vegetarian, vegan and gluten-free options, all important factors noted in the survey. • Most students would like to see healthy food in vending machines. Discussions will begin on a potential salad bar. • Evidence is sufficient to support investigating an ROTC program. • Evidence is sufficient to begin investigating tech support programs for: laptop rental program; off-campus internet voucher program; on-campus charging stations. • Evidence is not sufficient to support a bike rental program. • Respondents seem comfortable with an Activity Fee increase to fund an ROTC Program and Laptop Rental Program. • Students seem comfortable increasing Activity Fee by $2.00-$3.00. • Options to make books more affordable will be explored. • The survey indicates students will not alter the amount of credit hours taken if a tuition increase is instituted. Institutional Research and Effectiveness personnel will investigate further, as the survey was not a truly representative sample. • The majority of previous data is confirmed and tells us we have a fairly reliable sample. • Students who leave are doing so for more lucrative opportunities. • Most significant resources that students do not have access to include: faculty office hours; interaction with faculty outside of class and office; student life events. Faculty office hours and interaction with faculty outside of class and office are some of the most important resources to have. • The vast majority of respondents were returning to RVC and had registered. • Survey respondents really care about the campus. • 98 percent of the respondents would recommend RVC to friends and family.
Rock Valley College Board of Trustees Minutes of January 27, 2015 Page 2 of 14
The plan of action to be finalized by the Student Government Association includes:
• Hold events Monday through Friday in early evening. • Establish programs in ROTC and Laptop Rental. • Work with Administrative Services to 1) determine optimal level of tuition and 2) expand healthy food options and variety. • Explore bringing swimming, track and field, fencing and football to campus. • RVC provides an affordable education. The greatest needs are collaboration and communication among students identifying available resources. • Begin talks with the Administration and Board of Trustees regarding a potential $2.00-$3.00 Student Activity Fee increase to fund initiatives and programs, given adequate demand. • Oppose sudden and large tuition fee increases, as the results indicate it will harm students, but are more amicable to gradual, flat increases over time.
Board Chair Frank Haney thanked the students for their impressive and informative presentation.
2. Sabbatical Presentation
Dr. Brian Sager introduced Professor Michael Beert who demonstrated his sabbatical experience by playing cello selections from “Don Quixote,” a tone poem by Richard Strauss. Professor Beert, who was asked by Conductor Stephen Larson to play the solo cello part for the March 2014 concert of the Rockford Symphony Orchestra, explained that during his sabbatical, he not only perfected the solo music for the concert, but also took some conducting lessons and worked with a physical therapist to use body-mapping to become a more efficient performer. Professor Beert also plays principal cello with the Rockford Symphony Orchestra.
Board Chair Frank Haney thanked Professor Beert for his sabbatical review and for the special experience of hearing him play the cello.
Mr. Haney also thanked Dr. Brian Sager for his service to the college over the past several years and wished him well.
The meeting recessed at 5:55 p.m.
General Session
The General Session of the Board of Trustees of Community College District No. 511, Winnebago, Boone, DeKalb, McHenry, Ogle, and Stephenson Counties, Illinois, convened in room 117-121 in the Woodward Technology Center (WTC) on the main campus, on Tuesday, January 27, 2015 at 6:08 p.m. Chairperson Mr. Frank Haney called the meeting to order.
Also in attendance: Mr. Mike Mastroianni, President; Dr. Brian Sager, outgoing Provost/Chief Academic Officer; Dr. Carmen Coballes-Vega, incoming Provost/Chief Academic Officer; Ms. Susan Busenbark, Vice President of Liberal Arts and Sciences; Mr. Sam Overton, Jr., Vice President of Administrative Services; Dr. Amy Diaz, Vice President of Student Development;
Rock Valley College Board of Trustees Minutes of January 27, 2015 Page 3 of 14
Mr. Ron Geary, Vice President of Career & Technical Education/Outreach; Ms. Jessica Jones, Vice President of Human Resources; Dr. Lisa Mehlig, Vice President Institutional Research and Effectiveness; Mr. Melvin Allen, Executive Director of Student Recruitment; Ms. Nancy Chamberlain, Executive Director of College Communications and Marketing; Mr. Andy Dolan, External Relations Officer; Ms. Susan Glenn, Vice President and Chief Development Officer, RVC Foundation; Ms. Ann Kerwitz, Assistant to the President; Attorney Joe Perkoski.
Approve Minutes
Trustee Lynn Kearney made a motion, seconded by Trustee Randy Schaefer, to approve the minutes of December 16, 2014; January 5, 2015; and January 13, 2015. The motion was approved by unanimous voice vote.
Communications and Petitions (Public Comment)
There were no visitors who wished to address the Board of Trustees.
Recognition of Visitors
Retiring RVC Employees
BR #7170 – Resolution on the Retirement of Wolfram Meingast Mr. Meingast was unable to attend the meeting.
BR #7171 – Resolution on the Retirement of Sharon Olson Ms. Olson was unable to attend the meeting.
BR #7172 – Resolution on the Retirement of John Purnell Mr. Purnell was unable to attend the meeting.
BR #7173 – Resolution on the Retirement of Barry Sanders Mr. Sanders was unable to attend the meeting.
BR #7174 – Resolution on the Retirement of Julie Schildgen Ms. Schildgen was unable to attend the meeting.
BR #7175 – Resolution on the Retirement of Ronald Schulz Mr. Schulz was unable to attend the meeting.
On a motion by Trustee Lynn Kearney, seconded by Trustee Randy Schaefer, Board Reports 7170, 7171, 7172, 7173, 7174, and 7175 were approved by unanimous voice vote.
President Mastroianni introduced Dr. Carmen Coballes-Vega and welcomed her to the College as provost/chief academic officer.
Rock Valley College Board of Trustees Minutes of January 27, 2015 Page 4 of 14
General Presentations
1. Financial Climate – President Mike Mastroianni
President Mike Mastroianni presented the colleges’ current financial picture using comparisons with 10 years ago (2005/2006) and his proposed solutions to resolve the situation. He noted that raises for non-union personnel are still under discussion and are not included in his remarks. Highlights are as follows:
• Revenues have increased by $28.7 million. • Tuition and fees have increased $39 per credit hour from $62 to $101 per credit hour. • Tuition increases have accounted for a little over $6 million of revenue, but payroll and benefits are up more. • Expenses have increased by $30.8 million. • Wages have increased by $8.6 million. • Healthcare benefits have increased by $1.9 million. • Employee headcount has increased by 75 positions (includes faculty, PSA, ESP and two administrators). • Credit Hours have increased by only 1,336. • A 20 percent decrease in state funding ($1.5 million-$2 million) is projected. • Estimated Assessed Valuation (EAV) has decreased by 20 percent.
Following his explanation of revenues and expenses, Mr. Mastroianni explained three strategies to alleviate the current financial situation: 1) Grow enrollment, 2) Cost containment, and 3) Utilize Lean principles to make the RVC experience better for students. Highlights are as follows:
1. Grow Enrollment Activities a. Aviation Maintenance classes are filling up well b. Dual credit, advance placement and Running Start programs c. Cooperative ventures with area hospitals to expand training for medical workers d. Exploring opportunities to support GED completion and onboard them to RVC e. Investigating offering credit for prior learning f. Place-based and other scholarships g. More strategic advertising, marketing and recruitment
2. Explore Lean Principles a. Six Sigma training completed in Library, Financial Aid, Human Resources, Recruitment, and Dislocated Workers Program b. Six Sigma training currently being conducted in Student Services c. Leadership Team reorganized
3. Cost Management a. Will not fill approved Prioritized Positon list b. Establish hiring freeze as of February 1, 2015. Do need to fill positions that will help increase enrollment and enhance the student experience. c. Establish spending freeze as of February 1, 2015. Asking for 5%-7% reduction in below-the-line expenses. The president will not approve non-contractual, non- essential expenses.
Rock Valley College Board of Trustees Minutes of January 27, 2015 Page 5 of 14
d. Future program changes could result in $500,000 savings e. An early retirement program is being considered for selected positions f. Estimated annual savings is $1,109,000
Board Chair Haney commented that 2015 has both threats and opportunities, but alignment with community needs is an important consideration. He reiterated President Mastroianni’s remark that this topic does not preclude discussion on raises for non-union employees.
Board Committee Reports and Presentation of Approved Committee Meeting Minutes
Trustee Randy Schaefer, chair of the Facilities Committee, reported that the committee met recently and reviewed the following: • Discussed establishing a RVC museum on the main campus. Mr. Sam Overton indicated it will be located in the Education Resource Center (ERC) and should be in place in March. • Received an update on the Aviation Maintenance building. The foundation is in and the steel is going up. • Discussed the outside design of CLI facing the creek and the desire for changes. Revised options from the architects will be reviewed. • Mr. Sam Overton explained that the CDB has approved Larson & Darby for the CLII addition and renovation, and Saavedra Gehlhausen Architects for the Performance Venues. CDB will meet with the architects to select a commissioning agent to assist with obtaining LEED status for the building. • The Health Science Center (HSC) will go to bid soon. • Plans are being made to obtain community input as part of the Stenstrom Visioning (SCCE) discussions. • The draft of a brochure showing current facilities building projects is very nice. • Trustee Michael Dunn Jr. added that Graham Spencer will be involved in creating a presentation to be used internally and externally. He added that the Facilities Committee recommends Option 3 for the creek-side exterior of CLI, but welcomes input from any trustees who weren’t able to attend the last Facilities Committee meeting.
Trustee Michael Dunn, Jr., chair of the Human Resources Committee, reported that the Committee feels that the January 13 Health Care Town Hall meeting was very beneficial. Information provided at the meeting will be considered by the Committee, and they will try to meet President Mastroianni’s commitment to internal stakeholders.
Trustee Patrick Murphy, chair of the Finance Committee, reported that the Committee met last night and discussed the following: • Much of the Committee’s discussion matched what President Mastroianni said earlier in the meeting regarding the College’s current financial condition. • The Capital Development Board (CDB) is on pause even though projects are funded. • State funding is down 20 percent. • Mr. Sam Overton has done a great job keeping us above water, and RVC has a good group to get us through this financial challenge.
Rock Valley College Board of Trustees Minutes of January 27, 2015 Page 6 of 14
With regard to reduced special funding from the State of Illinois, Mr. Overton explained that the college may lose special funding for earmarks and discretionary grants such as the one that funds the Right Place to Start program. Trustee Murphy added that Mr. Overton is looking for other revenue sources to fund those programs. Student Development personnel are looking at a possible TRIO grant opportunity with help from the City of Rockford.
Trustee Lynn Kearney, chair of the Teaching and Learning Committee, reported that the Committee met January 20 and reviewed the following:
• The Right Place to Start group presented their fall numbers. In Fall 2014, the program had 157 participants; 65 percent were traditional students; 35 percent were non- traditional. The program works well, as the participants’ grade point average is excellent and their persistence rate is better than the College as a whole. • The Committee reviewed and discussed a possible policy change for the definition of student classifications to comply with Department of Education guidelines. • The web site update is progressing well.
Reports
Vital Signs
Mr. Sam Overton reviewed the Second Quarter financial report, noting that revenues are below budget in total, and specifically in Truck Driver Training and Athletics. The Athletics budget overage is due to the addition of fulltime coaches and the men’s and women’s soccer programs. He added that the Student Activity Fee has not been increased to support those athletic initiatives. Although expenses are below budget in total, Health Care costs are exceeding budget.
Mr. Overton also reviewed the status of the proposal request for $40 million debt certificates to refinance capital projects. Since responses were less than the desired amount, the College will meet with those who presented proposals to change to parameters that will elicit a better response. A revised request to save interest on current debt will be presented to trustees in March and April
Mr. Overton explained that Cash is down significantly compared to prior years due to the FY14 deficit of $404,000 and the non-cash health accrual change of $985,000, as well as moving old Life Safety cash funds to Capital Investments. Trustee Dunn expressed his concern about the low amount of cash, particularly in light of unknown State funding. Mr. Overton indicated that any surplus funds will not be spent until after he sees the Third Quarter results.
In response to a question from Chair Frank Haney, President Mastroianni asked Mark Sandoval (Coordinator, Truck Driver Training) who was in the audience, to explain why Truck Driver Training enrollment is down. Mr. Sandoval explained that one of the reasons is ROEHL did not get financing to fund financial aid, which has made it difficult for students to pay for the course. Mr. Overton added that a meeting will be held next week to discuss strategy about the program.
Vital signs for Payroll, Healthcare, Cash, CLI Milestones, Aviation Educational Facility Milestones, Enrollment and Recruitment Activity Summary Reports, Freedom of Information Act (FOIA), and the College and Community Events Calendar were accepted as presented.
Rock Valley College Board of Trustees Minutes of January 27, 2015 Page 7 of 14
President’s Reports
BR #7164 – Claims Sheet #711
It is recommended that the Board of Trustees approve the claims sheet from Datatel® dated December 31, 2014, totaling $2,117,956.34.
Listing of Checks over $10,000:
$ 20,742.67 Rock River Training $ 14,679.50 Saavedra Gehlhausen Architects $ 15,396.85 Compass Minerals America, Inc. $ 25,000.00 Pitney Bowes Reserve Account $ 10,475.89 Xerox $ 17,734.47 Constellation New Energy – Gas Div $ 44,258.52 American Express $ 108,722.12 State Universities Retirement System $ 19,232.91 Variable Annuity Life Insurance $ 53,777.35 Alertus $ 16,850.00 Lamar Companies $ 18,556.11 C D W Government $ 51,889.41 EBM, Inc. $ 790,081.05 Health Care Service $ 81,429.00 Liberty Mutual Group $ 35,959.55 Robbins, Schwartz, Nicholas, Lifton Taylor, Ltd. $ 102,927.60 Scandroli Construction $ 18,747.75 SimplexGrinnell LP $ 34,900.00 Music Theatre International $ 24,825.00 Theatrical Rights Worldwide, LLC $ 11,098.28 Winnebago County Treasurer $ 110,882.54 State Universities Retirement System $ 18,542.16 Variable Annuity Life Insurance $ 14,272.14 Sun Life Financial $ 1,660,980.87 TOTAL
On a motion by Trustee Lynn Kearney, seconded by Trustee Kathy Kelley, and unanimous roll call vote, Board Report 7164 was approved.
Rock Valley College Board of Trustees Minutes of January 27, 2015 Page 8 of 14
BR #7165 – Purchase Report #689-A
It is recommended that the Board of Trustees approve the marked items for purchase.
$ 10,267.82 A. Dentsply North America, York, PA $ 16,216.50 B. Grainger, Rockford, IL $ 23,100.00 C. Andrea Bechert, Chicago, IL $ 14,618.00 D. Terracon, Rockford, IL $ 19,370.00 E. Johnson Controls, Rockford, IL $ 14,000.00 F. Addendum to PO B7487, Safety-Kleen, Elgin, IL $ 97,572.32 TOTAL
A motion was made by Trustee Lynn Kearney, seconded by Trustee Randy Schaefer, to approve Board Report #7165-A and #7165-B.
In response to a question from Trustee Schaefer, Mr. Mike Papp, director of business services, explained that the college is buying equipment and furnishings for the Grumman Hangar location from Granger, as they offer consortium pricing that is 50 percent off list price. (Item B).
With regard to Item D, Site Testing, Mr. Sam Overton confirmed that the Greater Rockford Airport Authority (GRAA) has paid its share. This testing is not part of the reimbursable expenses covered under the contracts with the architect or general contractors. College Attorney Joe Perkoski added that further discussion could be held in closed session.
A motion was made by Trustee Patrick Murphy, seconded by Trustee Randy Schaefer, to amend the motion to exclude Item D, Site Testing, for further discussion during closed session. The motion to amend the motion was approved by unanimous roll call vote.
The amended motion to approve BR #7165-A excluding Item D and BR #7165-B was approved by unanimous roll call vote.
BR #7165 – Purchase Report #689-B
The amended motion to approve BR #7165-A excluding Item D and BR #7165-B was approved by unanimous roll call vote. (See BR #7165-A above.)
BR #7166 – Personnel Report #684
It is recommended that the Board of Trustees approve the items of personnel as presented.
A motion was made by Trustee Lynn Kearney, seconded by Trustee Randy Schaefer, to approve Board Report #7166.
The motion was approved by unanimous roll call vote.
Rock Valley College Board of Trustees Minutes of January 27, 2015 Page 9 of 14
BR #7167 – ICCB Capital Project Status Report
It is recommended that the Board of Trustees approve the ICCB Capital Project Status Report due January 31, 2015 and the Statement of Final Completion of State and Locally Funded Projects for the Renovations of CLII project, the UPS Replacement in the ERC and SC project, and the Main Pedestrian Bridge Repairs.
A motion was made by Trustee Randy Schaefer, seconded by Trustee Lynn Kearney to approve BR #7167.
The motion was approved by unanimous roll call vote.
BR #7168 – Classroom Building I (CLI) Addition & Renovation (A&R) Exterior Elevation Modifications
It is recommended that the Board of Trustees approve Option 3 (Revised). To maintain the current construction schedule, the Capital Development Board has advised these changes will be made into a Change Order.
A motion was made by Trustee Randy Schaefer, seconded by Trustee Lynn Kearney, to approve Board Report #7168.
Trustee Randy Schaefer explained that the initial drawing didn’t reflect the direction trustees wanted and they preferred a cleaner look. Mr. Sam Overton added that the original design mirrored the surrounding pine trees, and trustees wanted as much glass as possible. The revised Option 3 gives a gable approach of the current CLI and CLII exterior designs.
Mr. Overton showed a sketch of a revised Option 3, named Option 4, which trustees may want to consider. After all trustees had an opportunity to review the sketch of Option 4, Trustee Michael Dunn explained that the Facilities Committee supports Option 4 and would like to change its recommendation to Option 4. Trustee Dunn made a motion, seconded by Trustee Randy Schaefer, to amend the motion to approve Option 4 instead of Option 3. The motion to amend was approved by unanimous roll call vote.
The amended motion to approve the Option 4 exterior of Classroom Building I was approved by unanimous roll call vote.
BR #7169 – Acceptance of Notice to Bargain from RVC Faculty Association
It is hereby recommended that the Rock Valley College Board of Trustees accept the Notice to Bargain from the Rock Valley College Faculty Association, Local 6211, IFT-AFT and commence bargaining for a successor Agreement on or before March 1, 2015 according to terms of the Agreement.
A motion was made by Trustee Lynn Kearney, seconded by Trustee Randy Schaefer, to approve Board Report #7169.
The motion was approved by unanimous roll call vote.
Rock Valley College Board of Trustees Minutes of January 27, 2015 Page 10 of 14
Attorney Reports
AR #326 – Closed Session Minutes
Attorney Joe Perkoski explained that at the request of the Board of Trustees and as required by the Illinois Open Meetings Act, he (with consultation with the Board’s chair) has made a review of closed meeting minutes and recommends the Board of Trustees approve the following:
1. That the minutes of the closed session meetings of May 7, 2014 through November 18, 2014 shall be approved. 2. That the need for confidentiality still exists for the closed meeting minutes for the period of May 7, 2014 through November 18, 2014. 3. That the verbatim recordings made before the period of 18 months prior to the date of this meeting have been reviewed and shall be destroyed. 4. That minutes identified in this document shall continue to be confidential until further action of the Board of Trustees with the exception of the verbatim recordings that will be destroyed.
A motion was made by Trustee Patrick Murphy, seconded by Trustee Randy Schaefer, to approve AR #326. The motion was approved by unanimous roll call vote.
AR #327 – Approval of Temporary Lease Agreement for 1601 Grumman Drive, Rockford, Illinois
Attorney Joe Perkoski explained that his office has reviewed and approved the lease, and recommends that the Board of Trustees approve the temporary lease agreement for the space at 1601 Grumman Drive, Rockford, Illinois.
A motion was made by Trustee Randy Schaefer, seconded by Trustee Lynn Kearney, to approve AR #327.
The motion was approved by unanimous roll call vote.
AR #328 – RESOLUTION abating a portion of the taxes heretofore levied for the year 2014 to pay debt service on General Obligation Community College Bonds, Series 2000, of Community College District No. 511, Counties of Winnebago, Ogle, Boone, Stephenson, DeKalb and McHenry and State of Illinois.
It is recommended that the Board of Trustees approve the resolution to abate a portion of the taxes heretofore levied for the year 2014 by such amount of Available Funds on deposit in the Bond Fund.
Secretary Murphy read the resolution into the record.
A motion was made by Trustee Patrick Murphy, seconded by Trustee Randy Schaefer, to approve AR #328.
The motion was approved by unanimous roll call vote.
Rock Valley College Board of Trustees Minutes of January 27, 2015 Page 11 of 14
ICCTA Report
Trustee Lynn Kearney commented on the extensive nationwide publicity regarding “free community college” as proposed by President Obama. Trustee Kearney noted that more information and funding details are needed before a recommendation can be made. Board Chair Frank Haney added that the President’s announcement has resulted in much positive news in the media about community colleges.
Student Trustee Report
Mr. Spencer Haydary reviewed his recent student-trustee-related activities, as well as other student activities including the Student Government Association (SGA), Black Student Alliance, the Model United Nations Team, and the recent Rumble on the Rock basketball event. He announced that the SGA is planning to host a trustee candidate forum on February 25 from 5:00-6:00 p.m. The group is finalizing logistics for the Be a Hero campaign, an organ donor awareness program, and is working with local businesses to facilitate a discount card system for RVC students.
Trustee Randy Schaefer commented that he attended the Athletic Hall of Fame induction ceremony and was very impressed with the outstanding group of men and women who were selected for the honor.
Board Chair Frank Haney thanked the athletic group that organized the event.
New Business
1. Fall Enrollment Marketing Project - Board Chair Frank Haney announced that Mr. Jay Graham will present his findings and initial information on improving the College’s marketing to the Board at the February regular meeting.
Unfinished Business
1. The Boone County Community Forum will likely be held in March. President Mastroianni commented that Growth Dimensions is hosting a program at RVC and we’re exploring ways to collaborate on the events. 2. President Mastroianni provided background on the proposed OPN Visioning Sessions at the Stenstrom Center for Career Education (SCCE). Due to conflicts, the February 11 date will be changed so that faculty, staff, as well as area manufacturers and fabricators are available to provide input. Trustees Schaefer, Dunn and Murphy added that it’s important to fully understand the needs and demands of external stakeholders, as having private and public support is critical to the SCCE becoming the community’s career education center. 3. Reporting Update – President Mastroianni indicated that the February enrollment report will have more categories, including data on new and returning students. 4. 50th Anniversary – Chair Haney commented that trustees would like to have anniversary event dates well in advance so there’s time to get the information to the community. President Mastroianni commented that he has been involved with RVC 45 of its 50 years. 5. Facilities Overview – Trustee Schaefer covered this in the Facilities Committee report.
Rock Valley College Board of Trustees Minutes of January 27, 2015 Page 12 of 14
Trustee Comments
Trustee Randy Schaefer asked Ms. Jessica Jones when the Procedures Manual would be finished. Ms. Jones is expecting completion the end of March.
Trustees Kathy Kelley and Patrick Murphy thanked Dr. Brian Sager for his service to the College and welcomed Dr. Carmen Coballes-Vega as provost.
Trustee Murphy commented on the great start by the men’s and women’s basketball teams.
Board Chair Haney commented that the recent baseball and softball signing event was one of the best ever.
President’s Comments
President Mastroianni commented that Provost Dr. Carmen Coballes-Vega was highlighted in a recent edition of Diverse magazine. He added that RVC student Max Adolphson, son of aviation faculty member Mark Adolphson, had some of his research experiences published in The Minor Planet Bulletin, an academic journal of the Association of Lunar and Planetary Observers. Last summer Max was one of eight community college students selected to participate in Research Experiences for Undergraduates (REU), a 10-week research training program created especially for community college students in physics and astronomy.
Accolades:
No additional accolades were presented.
Announcements from President’s Leadership Team
Dr. Brian Sager thanked everyone for the many kindnesses and opportunities extended to him while serving as provost.
Adjourn to Closed Session
On a motion by Trustee Patrick Murphy, seconded by Trustee Lynn Kearney, and unanimous roll call vote, the meeting was adjourned to closed session at 8:10 p.m. for the purpose of discussing 1) the appointment, employment, compensation, discipline, performance, or dismissal of specific employees and/or 2) collective negotiating matters and/or 3) the purchase or lease of real property and/or 4) filed, pending or probable litigation in accordance with Section 2 (c) (1), Section 2 (c) (2), Section 2 (c) (5) and Section 2 (c) (11) of the Illinois Open Meetings Act.
Reconvene Open Session
At 10:07 p.m., on a motion by Trustee Lynn Kearney, seconded by Trustee Randy Schaefer, and unanimous roll call vote, the meeting was adjourned to open session.
Rock Valley College Board of Trustees Minutes of January 27, 2015 Page 13 of 14
Possible Action Items as a Result of Closed Session
No action was taken during closed session.
Next Meeting
The next regular meeting will be held February 24, 2015 in the Woodward Technology Center (WTC) beginning with a study session at 5:15 p.m. in Room 141/142. The General Session will begin at 6:00 p.m. in WTC room 117-121.
Adjournment
There being no further business to come before the board, at 10:10 p. m., a motion to adjourn was made by Trustee Lynn Kearney, seconded by Trustee Patrick Murphy. The motion was approved by unanimous voice vote.
Submitted by Ann Kerwitz.
______Patrick Murphy, Secretary Frank Haney, Chairperson
Rock Valley College Board of Trustees Minutes of January 27, 2015 Page 14 of 14
Rock Valley College Dollars by Payroll Year-To-Date
35,000,000
30,000,000
25,000,000
20,000,000
15,000,000
10,000,000
5,000,000
- 07/15 07/31 08/15 08/31 09/15 09/30 10/15 10/31 11/15 11/30 12/15 12/31 01/15 01/31 02/15 02/28 03/15 03/31 04/15 04/30 05/15 05/31 06/15 06/30 FY 11 Paid - Year to Date 1,279,403 2,560,941 3,809,324 5,061,741 6,324,096 7,611,073 8,931,653 10,238,347 11,556,426 12,879,269 14,211,981 15,511,512 16,680,388 18,358,625 19,645,063 20,951,181 22,489,394 23,823,077 25,155,515 26,474,682 28,030,520 29,263,694 30,529,075 31,814,219 FY 12 Paid - Year to Date 1,253,934 2,526,423 3,745,998 4,969,854 6,225,533 7,493,843 8,775,023 10,059,812 11,344,344 12,628,576 13,898,900 15,150,323 16,254,385 17,897,288 19,161,404 20,419,311 21,891,972 23,193,071 24,477,835 25,747,939 27,253,129 28,523,521 29,769,339 30,981,748 FY 13 Paid - Year to Date 1,229,536 2,407,246 3,630,464 4,813,072 6,007,577 7,209,135 8,433,386 9,693,200 10,939,889 12,164,214 13,380,875 14,578,116 15,715,437 17,363,064 18,621,370 19,865,162 21,352,173 22,594,082 23,847,383 25,097,979 26,612,731 27,815,666 29,024,662 30,263,926 FY 14 Paid - Year to Date 1,203,244 2,456,722 3,704,821 4,938,794 6,188,440 7,468,899 8,783,818 10,115,287 11,452,105 12,766,606 14,053,471 15,332,679 16,474,295 18,317,987 19,597,436 20,880,791 22,431,854 23,733,438 25,046,155 26,374,818 27,965,877 29,223,033 30,498,092 31,775,587 FY 15 Budget Year to Date 1,340,196 2,680,391 4,020,587 5,360,782 6,700,978 8,041,173 9,381,369 10,721,564 12,061,760 13,401,955 14,742,151 16,082,347 17,422,542 18,762,738 20,102,933 21,443,129 22,783,324 24,123,520 25,463,715 26,803,911 28,144,106 29,484,302 30,824,497 32,164,693 FY 15 Paid - Year to Date 1,295,538 2,568,463 3,849,842 5,093,961 6,324,184 7,587,940 8,859,768 10,163,446 11,453,440 12,714,293 13,969,640 15,245,859 16,411,513 18,137,886
\\rvccluster\RVC_DFS_Root\common\ADSFIS\Payroll\Vital Signs\ 1/30/2015 Page 1 Vital Signs-Payroll FY15.xlsx\Payroll YTD Rock Valley College Dollars by Payroll 1,900,000
1,800,000
1,700,000
1,600,000
1,500,000
1,400,000
1,300,000
1,200,000
1,100,000 07/15 07/31 08/15 08/31 09/15 09/30 10/15 10/31 11/15 11/30 12/15 12/31 01/15 01/31 02/15 02/28 03/15 03/31 04/15 04/30 05/15 05/31 06/15 06/30 FY 11 Paid by Pay Date 1,279,403 1,281,539 1,248,382 1,252,417 1,262,356 1,286,977 1,320,579 1,306,694 1,318,079 1,322,843 1,332,711 1,299,531 1,168,876 1,678,237 1,286,438 1,306,118 1,538,213 1,333,683 1,332,438 1,319,167 1,555,838 1,233,175 1,265,380 1,285,144 FY 12 Paid by Pay Date 1,253,934 1,272,490 1,219,575 1,223,856 1,255,679 1,268,309 1,281,181 1,284,788 1,284,532 1,284,232 1,270,324 1,251,423 1,104,062 1,642,903 1,264,116 1,257,907 1,472,661 1,301,099 1,284,764 1,270,104 1,505,190 1,270,391 1,245,818 1,212,409 FY 13 Paid by Pay Date 1,229,536 1,177,709 1,223,219 1,182,607 1,194,505 1,201,558 1,224,251 1,259,814 1,246,689 1,224,325 1,216,662 1,197,241 1,137,321 1,647,627 1,258,306 1,243,793 1,487,010 1,241,909 1,253,302 1,250,595 1,514,752 1,202,936 1,208,995 1,239,264 FY 14 Paid by Pay Date 1,203,244 1,253,478 1,248,098 1,233,974 1,249,646 1,280,459 1,314,918 1,331,469 1,336,818 1,314,501 1,286,865 1,279,208 1,141,616 1,843,692 1,279,448 1,283,356 1,551,063 1,301,583 1,312,717 1,328,663 1,591,060 1,257,156 1,275,058 1,277,495 FY 15 Budget Straight Line 1,340,196 1,340,196 1,340,196 1,340,196 1,340,196 1,340,196 1,340,196 1,340,196 1,340,196 1,340,196 1,340,196 1,340,196 1,340,196 1,340,196 1,340,196 1,340,196 1,340,196 1,340,196 1,340,196 1,340,196 1,340,196 1,340,196 1,340,196 1,340,196 FY 15 Paid by Pay Date 1,295,538 1,272,924 1,281,380 1,244,118 1,230,223 1,263,756 1,271,828 1,303,679 1,289,993 1,260,853 1,255,347 1,276,218 1,165,654 1,726,373
\\rvccluster\RVC_DFS_Root\common\ADSFIS\Payroll\Vital Signs\ 1/30/2015 Page 2 Vital Signs-Payroll FY15.xlsx\Payroll by Pay Date Rock Valley College Vital Signs-Payroll (Dollars) Explanation of major increases in Dollars by Payroll Reviewed by: Sam Overton, 01/30/2015 FY 13 07/15/2012 Payroll calculated FY 13 ESP/PSA Across the Board = $250k 07/15/2012 25% Summer II $172,018 07/31/2012 25% Summer II; 50% Summer III total $197,877 08/15/2012 25% Summer II; 50% Summer III total $199,033 08/31/2012 Faculty Salary increases; Begin Adjunct pay for Fall semester 01/15/2013 FT ESP/PSA/Admin salary increases - one time stipend $61,992 01/31/2013 100% of Fall Overload $453,249; Spring Overload estimated at $467,940 03/15/2013 50% Spring Overload $241,964; remainder due 05/15 04/30/2013 Check count is up due to ALL Student Workers being paid by RVC. CWS funds have been exhausted 05/15/2013 50% Spring Overload $241,964 06/15/2013 Summer I $189,076 06/30/2013 25% Summer II $194,860; Summer II pay will extend through 08/15
FY 14 07/15/2013 Payroll calculated FY 14 ESP/PSA/FOP = $470k 07/15/2013 25% Summer II $186,981 07/31/2013 25% Summer II; 50% Summer III total $219,332 08/15/2013 25% Summer II; 50% Summer III total $211,664 08/31/2013 Faculty Salary increases; Begin Adjunct pay for Fall semester 01/31/2014 100% of Fall Overload $486,445; Severance payout; Spring Overload estimated at $508,348 03/15/2014 50% Spring Overload $263,284; remainder due 05/15 04/15/2014 Check count is up due to ALL Student Workers being paid by RVC. CWS funds have been exhausted 05/15/2014 50% Spring Overload $265,397 06/15/2014 Summer I $165,395 06/30/2014 25% Summer II $195,346; Summer II pay will extend through 08/15
FY 15 07/15/2014 25% Summer II $196,056 07/31/2014 25% Summer II $ 196,536; 50% Summer III $ 31,999 08/15/2014 25% Summer II; 50% Summer III total $228,535 08/31/2014 Faculty Salary increases; Begin Adjunct pay for Fall semester 01/31/2015 100% Fall Overload $516,223; Spring Overload estimated at $554,214 03/15/2015 50% Spring Overload 05/15/2015 50% Spring Overload
Payroll Dollars (Cash Basis) Tracking similar to previous years Conclusion: Currently UNDER Adjusted budget, includes Student Worker accrual of $30k Budgeted Positions Growth - FY10 = 494; FY11 = 509, FY12 = 516, FY 13 500, FY 14 511, FY 15 531
Jun-13 FY 13 YTD is below FY 12 YTD by 2%; FY 13 YTD is 100% of straight line budget, with $111k positive variance Dec-13 FY 14 YTD is above FY 13 YTD by 5%; FY 14 YTD is 97% of straight line budget, with $460k positive variance available for Overloads Jan-14 FY 14 YTD is above FY 13 YTD by 5%; FY 14 YTD is 99% of straight line budget, with $107k positive variance available for Spring Overloads Jun-14 FY 14 YTD is above FY 13 YTD by 5%; FY 14 YTD is 101% of straight line budget, with ($188k) negative variance
Jul-14 FY 15 YTD is above FY 14 YTD by 5%; FY 15 YTD is 96% of straight line budget, with $112k positive variance available for Overloads Aug-14 FY 15 YTD is above FY 14 YTD by 3%; FY 15 YTD is 95% of straight line budget, with $267k positive variance available for Overloads Sep-14 FY 15 YTD is above FY 14 YTD by 2%; FY 15 YTD is 94% of straight line budget, with $453k positive variance available for Overloads Oct-14 FY 15 YTD is above FY 14 YTD by -0-%; FY 15 YTD is 95% of straight line budget, with $558k positive variance available for Overloads Nov-14 FY 15 YTD is BELOW FY 14 YTD by -0-%; FY 15 YTD is 95% of straight line budget, with $687k positive variance available for Overloads Dec-14 FY 15 YTD is BELOW FY 14 YTD by 1%; FY 15 YTD is 95% of straight line budget, with $836k positive variance available for Overloads Jan-15 FY 15 YTD is BELOW FY 14 YTD by 1%; FY 15 YTD is 97% of straight line budget, with $604k positive variance available for Overloads
\\rvccluster\RVC_DFS_Root\common\ADSFIS\Payroll\Vital Signs\ 1/30/2015 Page 3 Vital Signs-Payroll FY15.xlsx\Payroll Conclusion Rock Valley College Check Count by Payroll
1,100
900
700
500
300 07/15 07/31 08/15 08/31 09/15 09/30 10/15 10/31 11/15 11/30 12/15 12/31 01/15 01/31 02/15 02/28 03/15 03/31 04/15 04/30 05/15 05/31 06/15 06/30 By Payroll - FY2011 813 790 750 862 939 1,010 1,032 1,036 1,045 1,030 1,039 951 701 935 1,011 1,052 1,054 1,071 1,082 1,064 1,055 1,004 774 804 By Payroll - FY2012 794 788 753 863 976 1,000 1,017 1,020 1,008 994 980 921 660 902 982 991 1,003 1,017 1,029 1,009 1,009 944 716 759 By Payroll - FY2013 750 711 730 851 900 936 944 960 968 953 945 887 669 864 939 955 979 975 978 991 980 923 698 763 By Payroll - FY2014 747 745 750 849 890 955 981 989 999 988 976 919 700 880 911 961 979 981 993 1,001 983 928 724 789 By Payroll - FY2015 795 757 740 851 898 924 965 964 962 944 932 884 698 741 Budgeted Positions 531 531 531 531 531 531 531 531 531 531 531 531 531 531 531 531 531 531 531 531 531 531 531 531 Adjusted Check Count 472 466 466 491 495 488 492 494 498 493 495 494 493 491
\\rvccluster\RVC_DFS_Root\common\ADSFIS\Payroll\Vital Signs\ 1/30/2015 Page 4 Vital Signs-Payroll FY15.xlsx\Check Count Rock Valley College Health Care Costs - Year-To-Date
8,000,000
7,000,000
6,000,000
5,000,000
4,000,000
3,000,000
2,000,000
1,000,000
- Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun FY 11 Act 569,967 1,193,369 1,968,648 2,482,764 3,113,655 3,756,053 4,500,259 5,148,132 5,503,827 5,910,537 6,502,564 6,810,215 FY 12 Act 610,349 1,287,135 1,785,827 2,407,618 2,875,450 3,410,195 3,843,948 4,470,757 4,981,818 5,496,466 6,056,840 6,585,387 FY 13 Act 387,894 1,102,885 1,573,998 1,942,761 2,476,866 3,037,541 3,660,407 4,213,635 4,635,873 5,114,980 5,674,246 6,304,734 FY 14 Act 541,359 1,047,379 1,519,132 2,056,692 2,589,499 3,064,613 3,610,117 4,201,637 4,774,556 5,217,468 5,647,631 6,447,125 FY 15 Bdgt 553,423 1,106,845 1,660,268 2,213,691 2,767,113 3,320,536 3,873,959 4,427,381 4,980,804 5,534,227 6,087,649 6,641,072 FY 15 Act 594,150 1,161,888 1,629,989 2,301,400 3,068,669 3,438,737 4,010,929
\\rvccluster\RVC_DFS_Root\common\HURHUR\Vital Signs FY15\ 2/9/2015 Page 1 FY 15 Health Care Vital Signs.xlsx\By Year Rock Valley College Health Care Costs by Month
900,000
800,000
700,000
600,000
500,000
400,000
300,000
200,000
100,000
- Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun FY 11 Act 569,967 623,402 775,279 514,116 630,891 642,398 744,206 647,873 355,695 406,710 592,027 307,651 FY 12 Act 610,349 676,786 498,692 621,791 467,832 534,745 433,754 626,808 511,062 514,648 560,373 528,547 FY 13 Act 387,894 714,991 471,113 368,763 534,106 560,674 622,866 553,228 422,238 479,107 559,266 630,488 FY 14 Act 541,359 506,020 471,753 537,559 532,807 475,115 545,504 591,520 572,920 442,912 430,162 799,494 FY 15 Bdgt 553,423 553,423 553,423 553,423 553,423 553,423 553,423 553,423 553,423 553,423 553,423 553,423 FY 15 Act 594,150 567,738 468,101 671,411 767,269 370,067 572,193
\\rvccluster\RVC_DFS_Root\common\HURHUR\Vital Signs FY15\ 2/9/2015 Page 2 FY 15 Health Care Vital Signs.xlsx\By Month ROCK VALLEY COLLEGE Vital Signs - Health Care Costs / Benefits Updated by Shurice Hunter, HR 2/4/2015 Reviewed by Sam Overton, Admin, 02/09/2015
FY 15 Budgeted Health Care (PPO & HMO) costs represent are $6,641k (38%) of the $17,541k Total Benefits Expenditure Other Benefits include State SURS ($10,185k), Workers Compensation Insurance ($619k), Unemployment Compensation ($100k), Life Insurance ($71k), Employer FICA ($454k), Grant SURS ($129k), Tuition Waivers & Reimbursements ($262k), Sabbatical ($75k), Wellness (net reduction $270k), Moving Exp. Estimated Employee contributions (net 17.5% reduction $1,162k) FY 14 Budgeted Health Care (PPO & HMO) costs were $6,621k (39%) of the $15,763k Total Benefit Expenditure
These are the Health Care costs ONLY. In FY 15, we budgeted aggressive health costs at the estimated future rates.
Conclusion: Current month is slightly ABOVE target, YTD trend ABOVE budget For July 2014, Employees covered under the Preferred Provider Organization (PPO) are 314 down from 327 under the Health Maintenance Organization (HMO) are 99, up from 79
June 2014 is above the straight line budget, YTD Actual is above FY 10 & 13 YTD Actuals & FY 14 YTD Budget
July 2014 is ABOVE the straight line budget, YTD Actual is ABOVE budget. When we pulled the July numbers from the invoice, we double counted $97k and have corrected July for the error. August 2014 is ABOVE the straight line budget, YTD Actual is ABOVE budget. September 2014 is BELOW the straight line budget, YTD Actual is BELOW budget. October 2014 is ABOVE the straight line budget, YTD Actual is ABOVE budget. November 2014 is ABOVE the straight line budget, YTD Actual is ABOVE budget. December 2014 is BELOW the straight line budget (received $249k stop losss reimbursment), YTD Actual is ABOVE budget. January 2015 is slightly ABOVE the straight line budget, YTD Actual is ABOVE budget.
\\rvccluster\RVC_DFS_Root\common\HURHUR\Vital Signs FY15\ 2/9/2015 Page 3 FY 15 Health Care Vital Signs.xlsx\Conclusion Rock Valley College Prepared by: Samantha Vancil, 02/10/2015 Cash Graphs Approved by: Jennifer Porter,2/11/15 Reviewed by: Sam Overton, 02/12/2015 Included are the Cash Graphs: Operating Investments are the "rainy-day" savings at PMA; target is 90 days (25%) operating budget (bars) Cash are the money market and checking balances to pay operating expenses (lines) Capital Investments are mainly the Bond proceeds at PMA; to be expended for capital projects (bars) Investments include Protection Health & Safety (PH&S) both old and new $ Cash are the property tax levies to pay Bond principal & interest & Life Safety projects (lines)
We have reviewed the amount transferred from Checking to Savings over the last serveral years and realized that the investment earnings at PMA were reinvested by PMA, therefore creating an excess transfer from Checking to Savings. There is still excess investment earnings above the surplus.
Audited Surplus Earnings at PMA Amount Transferred (Over) allocated FY 05 1,478,471 167,057 1,500,000 (188,586) FY 06 2,082,493 237,701 2,000,000 (155,208) FY 07 424,812 575,056 500,000 (650,244) FY 08 1,142,232 706,819 - 435,413 FY 09 537,093 339,126 - 197,967 FY 10 33,051 78,920 - (45,869) FY 11 19,369 31,615 - (12,246) FY 12 1,237,218 36,556 800,000 400,662 FY 13 1,432,280 41,844 1,200,000 190,436 FY 14 (404,150) 80,177 (484,327) Totals 7,982,869 2,294,871 6,000,000 (312,002)
Conclusion: LOW Operating Cash Balance
Operating Cash Balances are LOW, but explainable at this time of year FY 14 includes $1,200k transferred to Operating Investments in December 2013 FY 14 cash used in operations includes the ($315k) deficit and the ($965k) claim lag accrual reduction totaling another ($1,280k)
Capital Cash Balances are LOW, but explainable. We transferred PH&S cash ($3.9+ million) to an investment account. All Bond principal & interest payments are being paid when due, April payments are $294k. Received the Federal reimbursements for BAB interest expense after sequestration 7.+% reduction Capital investments were liquidated to Capital Cash in order to reimburse the Operating Cash accounts.
Conclusion: Acceptable Investment Balances
Operating Investments are $15.9 million, 33.1% of the FY 14 $48.0 million NET Operating Budget after deducting SURS $10.2 million, Restricted Grants $5.3 million and Student Financial Aid pass-thru $17.1 million; 19.7% of the $80.7 million TOTAL Operating Budget. Cash Balances are tracking as expected, but with very low interest earnings.
Capital Investment Balances are $18.1 million (Bonds $14.2 + PH&S $3.9) and will decrease as approved Capital & PH&S project expenditures are paid.
\\rvccluster\rvc_dfs_root\common\ADSFIS\Sam\Cash Flow - Graphs\ Cash Flow15.xlsx 2/12/2015 Page 1 Conclusion Operating Funds Net Investments & Cash $20,000,000
$18,000,000
$16,000,000
$14,000,000 724291
$12,000,000
$10,000,000
$8,000,000
$6,000,000
3940316 $4,000,000
$2,000,000
$0 July August September October November December January February March April May June FY 12 Operating Investments 13,779,278 13,780,034 13,784,644 13,795,442 13,795,727 13,798,240 13,804,647 13,806,179 13,806,270 13,811,656 13,811,594 13,813,495 FY 13 Operating Investments 13,819,033 13,825,031 13,825,031 13,833,420 13,833,303 14,637,597 14,647,952 14,649,558 14,651,267 14,660,035 14,658,093 14,655,339 FY 14 Operating Investments 14,669,493 14,665,498 14,667,175 14,682,914 14,687,266 15,885,767 15,902,658 15,908,285 15,912,196 15,927,609 15,931,306 15,935,516 FY 15 Operating Investments 15,947,188 15,947,012 15,938,880 15,948,180 15,949,316 15,946,480 15,962,238 FY 12 Operating Cash 5,613,423 3,950,784 9,207,044 7,943,520 5,718,896 5,677,537 4,445,273 4,080,862 1,336,930 171,908 265,274 5,521,868 FY 13 Operating Cash 4,781,488 3,592,562 10,915,454 9,051,337 7,108,837 5,848,799 4,411,645 3,372,088 1,458,348 1,060,994 1,684,995 7,257,042 FY 14 Operating Cash 6,690,842 4,191,653 11,594,025 9,789,488 7,733,489 6,587,160 5,291,594 4,949,908 2,476,718 521,714 258,275 6,248,128 FY 15 Operating Cash 3,529,819 2,481,695 8,671,990 6,742,278 5,646,303 5,657,549 4,368,850
2/12/2015 Page 2 Cash Flow15.xlsx/Operating Capital Funds Net Investments & Cash
$20,000,000
$18,000,000
$16,000,000 724291 $14,000,000
$12,000,000
$10,000,000
$8,000,000
3940316 $6,000,000
$4,000,000
$2,000,000
$- July August September October November December January February March April May June FY 12 Capital Investments 18,321,973 17,122,321 16,652,271 15,317,197 14,975,157 14,756,784 14,711,669 14,778,970 14,779,607 14,766,047 14,718,579 14,721,266 FY 13 Capital Investments 14,708,157 14,708,627 14,708,995 14,710,945 14,713,132 14,718,114 14,723,050 14,729,548 14,738,127 14,738,279 14,918,938 14,923,422 FY 14 Capital Investments 14,923,345 14,675,156 14,678,337 14,679,710 14,630,619 14,626,490 14,667,494 17,674,621 17,673,250 17,675,576 17,339,884 17,458,429 FY 15 Capital Investments 17,488,153 17,485,201 17,481,513 17,519,811 17,516,937 18,105,185 17,304,169 FY 12 Capital Cash 8,135,797 10,539,196 13,615,264 13,699,501 14,011,971 5,764,160 5,767,093 5,775,122 5,345,265 5,348,443 6,096,998 9,604,057 FY13 Capital Cash 9,693,572 10,466,288 13,304,581 13,441,915 13,697,450 5,854,260 5,860,557 5,855,480 5,436,203 5,413,039 4,902,536 7,369,179 FY 14 Capital Cash 7,654,017 8,109,093 10,510,810 10,588,284 10,834,007 5,861,771 3,940,316 2,738,763 2,310,155 2,292,636 3,193,122 5,680,394 FY 15 Capital Cash 5,888,888 6,168,447 7,219,359 7,262,367 7,123,824 999,261 1,691,520
2/12/2015 Page 3 Cash Flow15.xlsx/Capital Classroom Building I – Addi
Overall Project schedule . 06/26/2012 BoT Capital Application, 11/27/2012 BoT Architect Recommendation, 12/11/2012 Capital Development Board approval of CLI A&R tion & Renovation (CLI A&R) Project $20.6 million and Architect, 04/18/2013 Authorization to proceed received from CDB and CPO (Chief Procurement Office) . 06/25/2013 Board of Trustees approval of Commissioning Agent Recommendation, 07/09/2013 CDB approval of Commissioning Agent, 12/04/2013 Commissioning Agent received authorization to proceed from CDB and CPO . 07/23/2013 Board of Trustees approval of Conceptual Design Submission – CDB require three alternatives with advantageous and disadvantageous, including construction costs, timeline impact being noted in the submission o Concept 3 with the Student Life Spaces and classroom hallway was preferred, Exterior Concept C was preferred . 12/30/2013 submission of 50% Design Documents due date 01/09/2014, CDB Review completed, A&E responded to inquires o Detailed floor layouts, RVC CLI Planning revised landscaping – tree & shrub choices, janitorial room doors open to hallway, standardized (reduced number) lighting fixture styles, moved exterior mechanical room door entrance o Final design phase – interior finishes, colors, furniture, IT, Security, “art in architecture” (March Board attachment) . Change in CLI Ground Floor scope from Nursing to Art Studio & Ceramics Lab transition spaces, working with CDB & A&E to maintain project timeline . Asbestos Abatement & Interior Demolition – March through May abate, Union Issues (“rats” until May, Moved On), COMPLETED by 05/15/2014 . May 15th, Thursday – Milestone celebration & tours – 3:00 PM to 5:00 PM . 100% Design Documentation with CLI Ground floor changes – 99% drawings submitted to CDB on 07/30, CDB Review, completed 100% submission by 10/31/2014. Authorization to proceed and CDB Advertisement received 01/07/2015 . Out to bid 6/2014 to 8/2014 – Advertise ‐ both CDB and RVC Tech/Security packages, Pre‐bid Tuesday 01/20 at 1:30 pm, Bid opening RVC Tech 02/11 – Near budget estimates; Prime Contractors 02/18, General Contractor 02/24, CDB estimating 3 to 6 months thereafter before notice to proceed is released – 06/30/2015 . Feb Mar 2015 Internal meetings with Academics, Faculty & Staff to review layouts, colors, finishes, office configuration and continue involvement . May 2015 Open house to view progress, . Begin construction 11/2014 (realistic target due to contract likely to be Jun – Jul 2015) . Substantial Completion 5/2016 . Open for classes Fall 2016 . RVC CLI Planning to include ‐ Relocate Veteran’s memorial and related flag poles, . Reviewed with 12/08 & 01/12 Board Facilities CLI Creek side exterior “skin” elevation alternatives at 01/27/2015 Board – Trustee approved “gable” sketch concept, a plain, simple, timeless design. To be submitted as a Change Order, after CDB & CPO award construction contracts with Notice to Proceed, to maintain current completion timeline . Art in Architecture requirement under research and will require State approval
Common Facilities/CLI/BoT/CLI A&R Milestones 02/12/2015 Aviation Hangar Education Facility at GRAA
6045 Cessna Drive Overall Project schedule . 02/25/2014 BoT approval of Ground Lease Agreement & Intergovernmental Agreement, with proposed site location . 02/27/2014 Winnebago County Board approves Host Fee Funds to Assist in Financing the Debt Service Necessary for the 40,000 Square Foot Aviation Maintenance Training Facility and Related Equipment ‐ $50,000/year for 20 years . 04/08/2014 BoT approval of the Aviation Maintenance Hangar Capital Project with Architect fees between 4 and 7% of the total construction costs . 04/22/2014 BoT approval of Jeffrey Flemming as Architect of Record for the Aviation Hangar project . 05/27/2014 BoT approval of ICCB Capital Application for estimated 43,384 square foot facility with an amended total “all in” cost of $5,130,000 . 07/22/2014 BoT approval of Jeffrey Flemming Architect $205,000 and pre‐engineered steel building to be delivered by 11/01/2014 and Scandroli Construction $2,072,061 to provide footings, foundation, concrete slab and labor to erect and enclose the building shell by 01/22/2015, . 07/22/2014 BoT approval of the Aviation Facility Conceptual & Schematic Design . 09/23 – Board of Trustee approved Site Work – Fischer Excavating $417,755 & Interior Build‐out – Sjostrom & Sons $2,661,045 . 09/30 – Target Date for GRAA to complete soil compaction and preliminary site work – some compaction issues to be resolved with GRAA . 10/31 –Target Date for footings, foundations and concrete slab completion – Poured final footings & foundations week of 01/20 . 11/01, 12/01, 12/19, 12/23, 01/05, Revised to 01/20/2015 Target Date for pre‐engineered steel building delivery – Steel arrived week of 01/20 . 01/22/2015, Revised to 03/31/2015 Target Date for Aviation Facility building enclosure – On target, making progress as weather permits o Based on 10/21 Board Facilities, reviewing to reduce winter conditions expenditures and other cost savings opportunities, winter conditions are approximately $6k/month and cost saving alternatives being considered . 05/14/2015 – Thursday – Milestone celebration & tours – 3:00 PM to 5:00 PM . 05/31/2015, Revised to 06/30 Target Date for Completion . 06/30/2015, Revised to 08/01 Target Date for Occupancy . 07/01, Revised to 08/01 ‐ 08/15 Target Move dates from Falcon Road & Grumman Drive . Open for classes Fall 2015 (August 15, 2015)
Some challenges to resolve for code compliance. Temporary 2nd instructional space at Grumman Drive operational for Spring 2015 – Staff, Furniture, IT equipment and IT connectivity,
Common Facilities/Aviation/BoT/Milestones 02/13/2015
Recruitment and Retention Activity Report
Recruitment Opportunity Spring -Fall Action Responsibility Timeline Outcome Recruitment Advisory Recruitment Monthly Identify opportunities, propose strategies, and prioritize Committee recruitment efforts Recruitment Activities Impacting Spring - Fall Action Responsibility Timeline Outcome Tele-counseling Tested no EPS Recruitment / Oct-Jan Encourage registration: 10/29/14 - 318 calls, 10 EPS, and 10 Admissions verbal confirmation Tele-counseling Fall not Spring Recruitment / Oct-Jan Encourage registration Admissions Tele-counseling Spring not Fall Recruitment / Oct-Jan Encourage registration and Tele-counseling to prospective students Admissions students for Aviation program Tele-counseling EPS not registered Recruitment / Oct-Jan Encourage registration Admissions Tele-counseling Enrollment Form no Recruitment / Oct-Jan Getting Started presentation to encourage students to EPS Action Admissions Tele-counseling GED Graduate Recruitment / On-Going Increase number of students transitioning to R.V.C. Admissions Dual Credit/Dual Enrolled Recruitment / On-Going Encourage registration Admissions Non-Traditional and Corporate Outreach Spring - Fall Action Responsibility Timeline Outcome Marketing Activities (revamp) for Recruitment Jan. – Sept. Media promotion for summer and fall registration January - September
Office of Recruitment 1 of 7 02/13/15 Recruitment and Retention Activity Report
Rumble In Recruitment 01/10/15 Athletic community event drawing 4,200 people to the The Rock campus. 2 Information tables and handouts, spoke with 47 students Chamber of Commerce Recruitment 01/14/15 Networking event for promoting R.V.C. programs
John Brantley Youth Group Campus Recruitment 01/17/15 Formal presentations, tours, lunch and games for 35 Visit community youths and parents Athletics Dept./R.E.C. collaboration Recruitment/ 01/21/15 Touring and Getting Started Meeting sports recruitment Athletics WomanFest 2015 Recruitment/ 01/21/15 Community Expo presented by Womanspace. Great Womanspace networking event for promoting R.V.C. programs connected with the Girl Scouts Rockford Public Library – Downtown Recruitment 01/22/15 Informational Table. Handed out promotional materials to branch approx. 22 students
Rockford Public Library – Recruitment 01/23/15 Informational Table. Handed out promo materials to 7 students East branch Belvidere Career Expo Recruitment 01/29/15 Partnered with Adult & Community Ed. For this event. Spoke with 35 students, received 10 contacts, and 6 enrollments forms submitted Imagine Me Recruitment 01/30/15 Partnered with Right Place to Start, there were approx. 200 Conference participants and 146 contact cards were captured Blue Cross Blue Shield of IL Recruitment 02/10/15 Information Table, spoke with 6 students and 2 contact cards captured Salsa Network Recruitment 02/16/15 Networking event for promoting R.V.C. programs Chamber of Commerce Recruitment 02/11/15 Networking event for promoting R.V.C. programs Explore Day Recruitment 02/16/15 R.V.C.’s own college fair G.E.D. Outreach Recruitment 02/18/15 Classroom presentations (date is tentative) Rotary Club Leadership Junior High Recruitment 02/25 & 26/15 Guided tours provided along with activities, presentations, and Conference lunch
Office of Recruitment 2 of 7 02/13/15 Recruitment and Retention Activity Report
Community Town Hall Meeting in Recruitment 03/12/15 Recruitment team will be attending community meeting Belvidere Elevate Youth Program Getting Recruitment 04/01/15 Full Getting Started event Started
High School Outreach Impacting Spring - Fall Action Responsibility Timeline Outcome Marketing activities (revamp) for Recruitment Jan. – Sept. Media promotion for summer and fall registration January - September East High School Sophomores Recruitment 12/03/14 18 presentations to 320 students, captured 7 contact cards and 117 H.S.C. enrollment forms North Boone High School Advance Recruitment 12/04/14 Presentations to 5 Junior classes of approx. 90 students and Now captured 50 H.S.C. enrollment forms Harlem High School Recruitment 12/04/14 1 presentation to 30 students, captured 23 contact cards and 5 H.S.C. enrollment forms Auburn High School Freshman Recruitment 12/05/14 Guided tours and presentations for 185 students, captured 110 Campus Visit contact cards and 62 H.S.C. enrollment forms Jefferson High School Sophomores Recruitment 12/8 & 9/15 Scholarship Fair-presentations to 11 classes of 275 students and captured 11 H.S.C. enrollment forms Walker Elementary School Campus Recruitment 12/15/14 Campus visit and guided tours for 60 students Visit Belvidere North High School Recruitment 12/18/14 Spoke with 12 students and captured 5 contact cards Belvidere High School Recruitment 01/06/15 Spoke with 19 students R.P.S. District #205 Financial Aid Recruitment 01/06/15 Financial Aid Presentations to 9 parents and 12 students Night @ Guilford High School Belvidere North High School Recruitment 01/12/15 Informational Table - lunchroom visit spoke with 10 students Byron High School Financial Aid Recruitment 01/12/15 Financial Aid Presentations to 10 students Night
Office of Recruitment 3 of 7 02/13/15 Recruitment and Retention Activity Report
Auburn High School Recruitment 01/14/15 14 Advance Now presentations to 290 students and captured 20 Advance Now H.S.C. enrollment forms Stillman Valley High School Advance Recruitment 01/14/15 2 Advance Now presentations to 164 students Now R.P.S. District #205 Recruitment 01/15/15 1 Financial Aid Presentations to 15 parents and 5 students, 1 Parent Power Hour contact card captured Walker Elementary School Recruitment 01/20 & 22/15 Handed out promo materials to approx. 17 (total of both days) Parent/Teacher conference parents/students Roosevelt Academy Freshman & Recruitment 01/21/15 Presentations for 2 Freshman classes of 35 students and Getting Senior class Started/Financial Aid presentations to Senior class of 15 students Harlem High School Recruitment 01/22/15 Recruitment partnered with Financial Aid for a joint presentation Parent Night to 100 people. Eric spoke with 20 parents and 3 students capturing 3 contact cards. Harlem High School Recruitment 01/23/15 Informational Table. Handed out promo materials to 3 students. Jefferson Seniors Getting Started Recruitment 01/28/15 Getting Started Steps. Jefferson cancelled due to lack of planning on their part. Durand High School Getting Started Recruitment 02/09/15 Getting started Steps for 15 students.
Harlem High School Recruitment 02/10/15 One-on-One-classroom setting presentations to 21 students and One on One captured 5 enrollment forms. Montessori School Career Recruitment 02/11/15 Career Focused tour and panel discussion. Presentation for 10 Exploration Day middle school students. Belvidere High School Visit Recruitment 02/12/15 Presentations Roosevelt High School Visit Recruitment 02/18/15 Presentations Roosevelt Academy Getting Started Recruitment 02/19/15 Getting Started Steps Belvidere High School Parent Recruitment 02/19/15 Financial Aid Presentations to parents and students Financial Aid Night Harlem High School Seniors Recruitment 02/20/15 Senior students completing Getting Started Steps Getting Started Guilford High School Seniors Recruitment 02/23/15 Senior students completing Getting Started Steps Getting Started
Office of Recruitment 4 of 7 02/13/15 Recruitment and Retention Activity Report
Christian Life High School Seniors Recruitment 02/23/15 Senior students completing Getting Started Steps Parent Night Hononegah High School Juniors Recruitment 02/25/15 Presentations North Boone High School Recruitment 02/26/15 Information table Parent/Teacher conference Christian Life High School Getting Recruitment 02/26/15 Getting Started presentations Started
High School On-Site Advising & Registration Impacting Fall Action Responsibility Timeline Outcome Hononegah High School On-Site Recruitment 05/05/15 On-site advising and registration Advising East High School On-Site Advising Recruitment 05/05/15 On-site advising and registration Guilford High School On-Site Recruitment 05/06/15 On-site advising and registration Advising Durand High School On-Site Advising Recruitment 05/06/15 On-site advising and registration Pecatonica High School On-Site Recruitment 05/07/15 On-site advising and registration Advising Guilford High School On-Site Recruitment 05/07/15 On-site advising and registration Advising Rockford Christian H.S. On-Site Recruitment 05/07/15 On-site advising and registration Advising East High School On-Site Advising Recruitment 05/12/15 On-site advising and registration Harlem H.S. On- Site Advising Recruitment 05/14/15 On-site advising and registration
Office of Recruitment 5 of 7 02/13/15 Recruitment and Retention Activity Report
Retention Opportunity Spring – Fall Action Responsibility Timeline Outcome Recruitment Advisory Retention Monthly Identify opportunities, propose strategies and prioritize retention Committee efforts Registration Event AHOD 11/14/14 24 Info. Desk, 29 Computer Lab (1st floor), 28 EPS, 3 Online, 3 ABT, 7 Financial Aid = 94 Registration Event AHOD 11/20/14 11 Info. Desk, 28 Computer Lab (1st floor), 2 EPS, 12 Financial Aid, 4 Misc. = 57 Mailer Registration Promotion Retention 12/4/14 Spring not Fall not Spring (n=2267), Fall not Spring (n=2115). Encourage for registration Registration Event AHOD 12/7/14 (AM) Registration Events (Spring) Registration Event JCSM On-Site AHOD 12/8 & 9/14 Registration Events (Spring) Registration Registration Event AHOD 12/17/14 (PM) 43 Info. Center, 44 Computer Lab, 18 Computer Lab (2nd floor), 22 EPS, 12 Financial Aid = 139 Registration Event FYE As of: 9/1/14 Total students that have EPS=561 (344 of which have enrolled)
Registration Event AHOD 1/6/15 (PM) 35 Info. Center, 34 EPS, 33 Computer Lab (1st floor), 9 Computer Lab (2nd floor), 17 Financial Aid = 128 Educational Planning Session Marketing On-Going Messages promoting Spring registration posted to social media Student E-mail message Marketing Weekly Student Weekly email message sent every Monday promoting Spring registration
Office of Recruitment 6 of 7 02/13/15 Recruitment and Retention Activity Report
Key REC- Recruitment AHOD: All Hands On Deck Personal Awareness: CTE CHS: Weekly Credit Hours Sold SD- Student Development EPS:Educational Planning Session SRS-Student Retention Services EF: Enrollment Form Student Grade Level: F-Freshman, HSC: High School Connection SO-Sophomore, JR-Junior, SR-Senior
Office of Recruitment 7 of 7 02/13/15
Data Brief
10th Day Census Enrollment (Spring) Board of Trustees Meeting, February 24, 2015
BACKGROUND Data to inform this report have been captured and submitted to the Illinois Community College Board (ICCB). Tenth day census enrollment identifies the number of students officially enrolled in credit courses at the College as of the end of regular registration of the spring term1. It is intended to provide a “snapshot” or point in time view of spring enrollment. At the College, data to inform this report are captured on the 10th “class” day from the first day of classes.2
10TH DAY ENROLLMENT RESULTS (SPRING) Figure 1 and Table 1 indicate the unduplicated headcount and full-time equivalents (FTE) reflected in the 10th day census of spring enrollment across the most recent five years.
Figure 1: RVC Multi-year Spring 10th Day Census Enrollment – Headcount and FTE3
10000 9000 8000 7000 6000 5000 4000 3000 2000 1000 0 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015
Unduplicated Headcount Full-time Equivalents
1 Tenth day census enrollment is based on unduplicated headcount of Arts, Sciences, Career Education, Adult Education, and Vocational Skills courses in Community/Continuing Professional Education. 2 To make data comparable within the College and across the State, parameters for defining 10th day are articulated by ICCB. The Spring 2015 capture of these data is consistent with the definition of 10th day provided. Similar data captured in previous years has varied. To help determine degree of comparability, class start dates and 10th day census dates are provided. 3For the purpose of this report, Full-time Equivalent (FTE) is based on 15 credit hours per term.
Page 1 of 2 Office of Institutional Research
Table 1 also includes credit hours, as well as annual changes and the five-year multi- year change, provided in terms of percentage increase.
Table 1: RVC Multi-year Spring 10th Day Census Enrollment FY 11 FY 12 FY 13 FY 14 FY15 (Spring 2011) (Spring 2012) (Spring 2013) (Spring 2014) (Spring 2015) Unduplicated Headcount 8,842 8,697 8,178 7,711 7,400 (Annual Percentage Change) (-3.60) (-1.64) (-5.97) (-5.71) (-4.03) (-16.31) (5-year Percentage Change) Credit Hours 82,380.50 78,875.00 75,781.00 72,321.50 68,235.50 (Annual Percentage Change) (-1.02) (-4.26) (-3.92) (-4.57) (-5.65) (-17.17) (5-year Percentage Change) FTE4 5,492.03 5,258.33 5,052.07 4,821.43 4,549.03 (Annual Percentage Change) (-1.02) (-4.26) (-3.92) (-4.57) (-5.65) (-17.17) (5-year Percentage Change)
1st Day of Class 1/15/2011 1/17/2012 1/12/2013 1/11/2014 1/10/2015 Census Day (10th Day) 1/27/2011 1/31/2012 1/24/2013 1/23/2014 1/22/2015
Data in Table 1 indicate the following: Spring headcount decreased by 4.03% between FY14 and FY15 and by 16.31% between FY11 and FY15. Credit hours and FTE (based on 15 credit hours per term) decreased by 5.65% between FY14 and FY15 and by 17.17% across the five-year period.
FINDINGS AND CONCLUSIONS Unduplicated headcount, credit hours, and FTE at RVC show a clear pattern of decline across the spring semesters of FY11 to FY15. In the 10th Day Census Enrollment data brief for last spring (FY14), the data indicated a five year trend in which headcount declined by a greater percentage than credit hours and FTE. The FY15 data in this report, show a break in this trend; unduplicated headcount declined at a smaller percentage than credit hours and FTE. This would suggest more students taking fewer classes (i.e., more part-time students) in FY15. Future data will need to be monitored to determine if this is an anomaly or a change in trend.
4For the purpose of this report, Full-time Equivalent (FTE) is based on 15 credit hours per term.
Page 2 of 2 Office of Institutional Research
SPRING 2015
Student Profile
Arts, Sciences, & Career Education (ASCE) – 20156L
Office of Institutional Research Board of Trustees Meeting, February 24, 2015
BACKGROUND This report provides information describing students enrolled in Arts, Sciences, and Career Education (ASCE) credit courses at Rock Valley College (RVC) in the Spring 2015 term. The report is divided into two sections – a Quick Facts page and a Profile Summary. The Quick Facts page provides a visual brief of multiyear comparison and term data. The Profile Summary is designed to address the following questions in more detail: 1. Who is currently attending RVC? 2. Who are the students attending RVC for the first time (i.e., new RVC students)? 3. Who are the students taking college classes for the first time (i.e., first time students)?
Data to inform this Student Profile report are captured with compliance submissions made to the Illinois Community College Board (ICCB), specifically, A1 (Annual Enrollment) and 10th Day Census Enrollment for Spring. Student profile data pull ASCE credit students from these more general submissions and are used to develop this student profile report.
CONTENTS
Quick Facts 3 Profile Summary Current RVC Students 4-6 Table 1: Spring 2015 Student Demographics 4-5 Table 2: Overall Enrollment by Student Level Classification 5 Table 3: Overall Enrollment by Enrollment Status 6 New RVC Students 6 First-time College-level Students 7 Group Comparisons 7 Table 4: Multi-year Comparison of Average Age 7
Page 2 of 7 Office of Institutional Research
QUICK FACTS Student Profile – Spring 2015 (20156L) Multiyear Comparisons of Key Demographics Unduplicated Head Count 7,038
Average Student Age Gender (% of population) 30 100 25 80
20 60 15 40 10 20 5 27 26 26 26 25 46 43 44 44 45 54 57 56 56 55 0 0 Average Age Male Female
Minority Enrollment First-time Student Enrollment 1 (% of population) (% of credit pursuing population) 100 100
80 80
60 60
40 40
20 20 6 6 24 24 26 28 29 6 4 4 0 0 Minority Enrollment First-time Student Enrollment
Full-time/Part-time Student Enrollment2 (% of population) 100
80 Spring 2011 60 Spring 2012
40 Spring 2013 Spring 2014 20 44 42 42 42 42 56 58 58 58 58 Spring 2015 0 Full-time Part-time
1 Students are considered to be “first-time” if this is the first term in which 50% or more of their coursework is at the college level. This includes students who moved from remedial coursework to the college level. 2 Full-time students are those enrolled within a given term for 12 or more credit hours; part-time students are enrolled in less than 12 credit hours.
Page 3 of 7 Office of Institutional Research
PROFILE SUMMARY Current (Spring 2015) RVC Students Data from Quick Facts and tables within this Table 1 summarizes the age, gender, and section indicate that the majority of students race/ethnicity composition of the overall enrolled in Spring 2015 classes are: group of students enrolled, new RVC Traditional, students3, and first-time college-level Female, students4. In addition, the highest degree White, earned by students in these groups is In-district, provided, as well as their residency status. Continuing students, and Enrolled part-time.
Table 1: Spring 2015 Student Demographics Total Headcount Full-time Students Part-time Students (% of Total) 1st 1st 1st Overall New Time Overall New Time Overall New Time Age Traditional (24/under) 2,308 150 85 2,378 233 120 4,686 383 205 (66.6) (75.0) (80.7) Non-traditional (25+) 637 42 * 1,715 86 * 2,352 128 49 (33.4) (25.0) (19.3) Gender Male 1,344 85 46 1,811 148 73 3,155 233 119 (44.8) (45.6) (46.9) Female 1,601 107 59 2,282 171 76 3,883 278 135 (55.2) (54.4) (53.1) Race/ Ethnicity Asian 88 * * 83 * * 171 * * (2.4) (1.4) (1.6) American Indian or * * * * * * 34 * * Alaska Native (0.5) (0.4) (0.8) Black or African 218 * * 369 45 * 587 70 32 American (8.3) (13.7) (12.6) Hispanic or Latino 450 * * 625 59 * 1,075 88 44 (15.3) (17.2) (17.3) Native Hawaiian or * * * * * * * * * Other Pacific Islander (0.1) (0.2) (0.4) White 2,066 127 67 2,846 194 95 4,912 321 162 (69.8) (62.8) (63.8) Two or more races 48 * * 90 * * 138 * * (2.0) (1.2) (0.4) Non-resident Alien** * * * * * * 32 * * (0.5) (0.8) (1.2) Unknown/Choose to * * * 50 * * 79 * * Not Respond (1.1) (2.3) (2.0)
3 New students include first time students in college-level work, new transfer students, and new pre-college students. Pre-college students have at least 50% of their coursework in Adult Basic Education, Adult Secondary Education, or remedial education. 4 First-time college-level students have not previously enrolled at a college or university with at least 50% of their coursework at the college level.
Page 4 of 7 Office of Institutional Research
Table 1: Spring 2015 Student Demographics (continued) Total Headcount Full-time Students Part-time Students (% of Total) 1st 1st 1st Overall New Time Overall New Time Overall New Time Highest Level of Education College—Bachelor’s * * * 127 * * 153 0 0 degree/More (2.2) (0.0) (0.0) College—Less than 212 37 * 450 49 * 662 86 * Bachelor’s degree (9.4) (16.8) (4.7) High School/GED 2,485 151 99 3,085 251 124 5,570 402 223 (79.1) (78.7) (87.8) None 217 * * 407 * * 624 * * (8.9) (3.1) (5.5) Other * * * * * * * * * (0.4) (1.4) (2.0) Residency Status In-district 2,880 183 100 3,994 309 145 6,874 492 245 (97.7) (96.3) (96.5) Out-of-district*** * * * 61 * * 89 * * (1.3) (2.5) (2.4) Reciprocal Agreements 37 * * 38 * * 75 * * and Chargebacks (1.1) (1.2) (1.2) Primary Curriculum Arts & Sciences 2,406 156 81 3,223 269 125 5,629 425 206 (Transfer) (80.0) (83.2) (81.1) Career Education 536 36 * 866 50 * 1,402 86 48 (19.9) (16.8) (18.9) Source: Student Profile Application based on A1/E1 submission to ICCB; Note: Percentages may not add to 100% due to rounding. *Groups with less than 30 members are not reported; **Students temporarily in the U.S. on a Visa; ***Includes out-of-district, out-of-state, and foreign students whether or not they are employed within the RVC district
Table 2 provides information about student class level. Most students are classified as freshmen (49.8% have completed fewer than 30 semester hours) or sophomores (38.2% have completed between 30 and 60 semester hours or more than 60 semester hours while still pursuing an associate’s degree). An additional 6.9% of students are enrolled in high school, taking RVC courses as dual credit or dual enrollment.
Table 2: Overall Enrollment by Student Level Classification Student Level Classification Full-Time Part-Time Overall Total % of Total Dual credit * 142 146 2.1 Dual enrollment 171 167 338 4.8 Freshmen 1,495 2,013 3,508 49.8 Sophomores 1,207 1,478 2,685 38.2 Unclassified5 68 293 361 5.1 TOTAL 2,945 4,093 7,038 100% Source: Student Profile AAG Reports based on A1/E1 submission to ICCB
5 Students are “unclassified” by the ICCB if they do not meet minimum requirements for entrance as regular college-level students or they already have a Bachelor’s Degree or Associate Degree but are taking courses at the same level or lower.
Page 5 of 7 Office of Institutional Research
Table 3 provides information about enrollment status for Spring 2015 and the previous four springs. These data suggest that the majority of students currently enrolled at the College are continuing or returning students (83.7%), while 7.2% are new (first-time, transfer, and pre- college). Fewer students are concurrently enrolled in high school (6.9%) or already have a college credential beyond an associate’s degree (2.2%). Since Spring 2013, the percentage of first-time students has decreased while the percentages of returning students and high school students have increased.
Table 3: Overall Enrollment by Enrollment Status Total Headcount Enrollment Status 2011 2012 2013 2014 2015 First time students in college-level 379 364 495 338 254 work (4.5) (4.4) (6.2) (4.5) (3.6) New transfer students 153 134 199 170 157 (1.8) (1.6) (2.5) (2.3) (2.2) New pre-college students** 31 174 100 - - (0.4) (2.3) (1.4) Continuing (students enrolled at RVC in previous term, 6,645 6,397 6,019 5,270 4,940 includes those who move to college-level (79.6) (77.8) (75.9) (70.0) (70.2) work from pre-college or general studies/vocational skills)
Returning 1,168 1,125 541 921 950 (students previously enrolled at RVC, but (14.0) (13.7) (6.8) (12.2) (13.5) during the most recent term) High school students 440 494 484 - - (includes dual credit and dual enrollment)** (5.6) (6.6) (6.9) Students with degree beyond 202 215 204 164 153 associates* (2.4) (2.6) (2.6) (2.2) (2.2) TOTAL 8,547 8,235 7,929 7,531 7,038 Source: Student Profile Application based on A1/E1 submission to ICCB Percentages may not add to 100% due to rounding. *Category added in FY11; **Category added in FY1
New RVC Students New students include first time students in New Student Categories college level work, new transfer students, First-time student in college-level course work and new pre-college students. Table 3 A student who has not previously enrolled in college-level indicates that 511 (7.2%) of all students classes at a college or university with 50 percent or more of their coursework at the college level (includes students enrolled are new to the College. Data from who have moved from the pre-college level to the college- Table 1 indicate that the majority of new level). students are traditional age (75.0%), New Transfer Student female (54.4%), white (62.8%), and live in A student attending RVC for the first time who has earned academic credit at another institution the RVC district (96.3%). These students also tend to be enrolled part time (62.4%) New pre-college student and have a high school diploma or GED as A student who has not previously enrolled at a college or university with 50 percent or more of their coursework in their highest level of education (78.7%). Adult Basic Education, Adult Secondary Education, English Less than a fifth (16.8%) are enrolled in as a Second Language, or remedial courses. career programs.
Page 6 of 7 Office of Institutional Research
First-time College-level Students First-time college-level students are a subset of new students and may include students who have moved from the pre-college level to the college level. First-time student enrollment for the Spring 2015 term is 254, which is 3.6% of total enrollment. Data from Table 1 indicate that the majority of first-time students are part time (58.7%), traditional age (80.7%), female (53.1%), white (63.8%), and live in the RVC district (96.5%). These students also tend to have a high school diploma or GED as their highest level of education (87.8%). Less than a fifth (18.9%) is enrolled in career programs.
Group Comparisons Table 1 shows demographic characteristics of the overall group of students enrolled as compared to those of new and first-time students. These data indicate the following comparisons: The majority of all three groups are traditional age. However, the percentage of traditional age students in the first-time student group (80.7%) is larger than that of the new student group (75.0%), which is larger than that of the overall group (66.6%). Similarly, as indicated in Table 4, the average age of students in the new student and first-time student groups are lower than that of the overall group. These data are consistent with expectations that new students are recent high school graduates. All three groups have more women than men. However, the gender gap for first-time students (6.2 percentage points) is lower than the gap for new students (8.8 percentage points), which is lower than the gap for the overall group (10.4 percentage points). The overall group is less racially/ethnically diverse than the new student and first-time student groups. The overall group is 69.8% white whereas the two subgroups are 62.8% and 63.8% white, respectively. These data are consistent with achievement gaps observed in persistence and retention, especially for black students.
Table 4: Multi-year Comparison of Average Age 2011 2012 2013 2014 2015 Overall 26.8 26.4 26.1 25.6 25.2 New* - - 24.6 24.0 23.9 First Time* 23.1 23.2 23.6 23.0 23.0 Source: Student Profile AAG Reports based on A1/E1 submission to ICCB *New and first-time broken out for the first time in FY13
Page 7 of 7 Office of Institutional Research
Rock Valley College Board of Trustees Freedom of Information Act Report
01/15/15 – 02/15/15
There were no FOIA requests during this period.
Rock Valley College 2015 AT A GLANCE COLLEGE COMMUNITY EVENTS
Date Event RVC Staff Student Athletic Community FEBRUARY 22 US Baseball Academy - PEC, Noon xx 24 Engineering Open House - WTC, 5 pm x xx 24-25 Friends of the Library Book Sale - ERC, 8 am x xx 25 Growth Dimensions - WTC, 7:30 am x x 25 BHCC Dr. McDonald Lecture - SC, 11 am x xx 25 SGA presents RVC Trustee Candidate Forum - SC, 5 pm x xx 26 RVC MBB Tournament - TBD location and time x xx x 26 RVC WBB Tournament - TBD location and time x xx x 26 BHCC Black History Trivia Event - SC, 6 pm x xx 27 Illinois Society of Respiratory Care Conference - WTC, 9 am x xx 27 Bridge Building - SCCE, 9 am x xx 28 ICTM Regional HS Math Contest x xx MARCH 1 Wildcats Basketball - PEC, 9 am xx 3 First Tuesday Lecture "Post-Modernism" - SC, 6 pm x xx 4 RVC Baseball vs Elgin C.C.- Field, 2 pm x xx x 4 RVC Juried Art Show - ERC, 4:30 pm x xx 5 WHM - Quilting History Lecture - SC, Noon x xx 6 WHM & 1st Friday Presents Women of Note - SC, Noon x xx 7 Winnebago County Police Testing - PEC/PAR, 8 am x 9-13 Spring Break 2015 xx x 11 Youth Groundwater Festival - Main, 9 am x xx 12 CLR Movie - ERC, 11:30 x xx 12 RVC BoT Community Conversation - Belvidere Community Bldg., 6 pm x 12 Next Rockford RVC Trustee Candidate Forum - Atrium, 7:30 am x xx 14 Science Olympiad - Main, 8 am x x 18 GED Appreciation Dinner - Atrium, 6 pm x xx 18 RVC Baseball vs Rockford University JV- Field, 3 pm x xx x 18-28 "The Verdict" Performance - Studio Theatre, 8 pm x xx 19 CAB presents Rudy Currence - Atrium, 11:30 am x xx 20 Foreign Language Film "Crude" - WTC, 6 pm x xx 21 RVC Softball vs Highland C.C.- Field, 12 pm x xx x 21-22 "The Verdict" Matinee- Studio Theatre, 2 pm x xx 24 WHM - World of Wellness - SCCE, 11 am x xx 25 WHM - World of Wellness - SC, 11 am x xx 26 WHM - World of Wellness - LOC, Noon x xx 26 Caskey Lecture - PEC, 6 pm x xx 26 Black History Poetry Slam - SC, 6 pm x x x 27 PTK Induction - SC, 6 pm x xx 27 6th Annual Mass Com Showcase - SC, 6 pm x xx 27 Sister to Sister Conference - SCCE, 8 am x xx 28 "The Verdict" Matinee - Studio Theatre, 2 pm x xx 29 RVC Baseball vs South Suburban College - Field, 12 pm x xx x 30 Recruitment Movie Morning - WTC, 10 am x xx 30 RVC Softball vs. Elgin C.C. - Field, 3 pm x xx x 31 RVC Baseball vs Joliet Junior College - Field, 9 am x xx x 31 RVC Softball vs Joliet Junior College - Field, 2 pm x xx x
For questions or additional information please contact: Robbin Snodgrass @ 815‐921‐4321, Monica DeLeon @ 815‐921‐4322 or Cathy Ellis @ 815‐921‐4303 Rock Valley College 2015 AT A GLANCE COLLEGE COMMUNITY EVENTS
Date Event RVC Staff Student Athletic Community APRIL 2 Staff Development Day - Main, 8 am x x x 2 RVC Softball vs Triton College - Field, 3 pm x xx x 3 GOOD FRIDAY - College Closed x xx x 3 RVC Baseball vs Harper College - Field, 12 pm x xx x 4 RVC Softball vs Moraine Valley C.C. - Field, 12 pm x xx x 6-9 WHM Clothesline Project - SCCE, SC - Display x xx 7 WHM Women in War Film - WTC, 6 pm x xx 7 First Tuesday Lecture "The 10 Battles" - SC, 6 pm x x x 8 College Day for Juniors - PEC, 9 am x x x 8 RVC Softball vs Prairie State College - Field, 3:30 pm x xx x 9 Take Back the Night - SC, 6 pm x xx 9 Cab presents LOL month - Atrium, 11:30 am x xx 9 RVC Baseball vs McHenry County - Field, 2:30 pm x xx x 10 Foreign Language "El Viaje de Carol" - WTC, 6 pm x x 10 Winnebago County Teen Summit - Main, 9 am xx 10 Respiratory Care Workshop - SCCE, 7 am x xx 11 Rising Start All Star Basketball - PEC, 3 pm xx 11-15 RVC Softball Region IV Tournament x xx x 12 RVC Baseball vs Highland C.C.- Field, 12 pm x xx x 14 RVC Baseball vs College of DuPage- Field, 2 pm x xx x 15 RVC Softball vs Heartland C. C.- Field, 3 pm x xx x 11 RVC Model UN (ROCKMUN) Conference x x x 16-17 Healthcare Career Fair - PEC, 6 pm and 8 am x x x 16 Jazzin after work - JCSM Patio, 6 pm x xx 17 Jesse Parker Recital - PAR, 7pm x x x 18 Earth Day Celebration - TBD x x x 18 Each Breath 5K/3K run/walk - Walking path, 8 am x 19 RVC Softball vs Muscatine C. C.- Field, 12 pm x xx x 20 RVC Orchestra Concert - PAR, 7 pm x x x 21 RVC Baseball vs M.A.T.C. - Field, 2 pm x xx x 21 RVC Softball vs Sauk Valley C.C. - Field, 2 pm x xx x 22 RVC's Got Talent - Atrium, 6 pm x x 24 RVC Baseball vs Sauk Valley College - Field, 2 pm x xx x 24 STEM Summit - JCSM, 9 am x x x 24 Winnebago/Boone Ag Day - SCCE, 8 am x 24 RVC Concert Band - PAR, 7:30 pm x x x 25 NIRSF - JCSM, 9 am x 25 Recruitment Movie Morning - WTC, 10 am x xx 25 RVC Baseball vs Triton College - Field, 12 pm x xx x 25 RVC Softball vs Cuyahoga C. C. - Field, 12 pm x xx x 26 RVC Jazz Band - PAR, 7 pm x x x 26 BHCC Poetry Slam - SC, Noon x x x 27 RVC Softball Tournament - Field, 10 am x xx x 28 RVC Baseball vs Madison College - Field, 2 pm x xx x 29 CLR Art Show - Bell, 1 pm x x x 30 Black History Panel Discussion - SC, 11 am x x x
For questions or additional information please contact: Robbin Snodgrass @ 815‐921‐4321, Monica DeLeon @ 815‐921‐4322 or Cathy Ellis @ 815‐921‐4303 ROCK VALLEY COLLEGE Board Report #7176 February 24, 2015
Claims Sheet # 712
Recommendation: It is recommended that the Board of Trustees approve the following claims sheets from Datatel®, January 31, 2015. The total is $2,061,572.81.
Mike Mastroianni President
Attachments
Board Approval: ______Secretary, Board of Trustees
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 1 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------E0005110 01/08/15 Outst 0453905 Ahmed Alattar V0370915 12/31/14 68.88 68.88 ------68.88 68.88
E0005111 01/08/15 Outst 0280119 Paul S. Andrews V0370308 12/23/14 36.96 36.96 ------36.96 36.96
E0005112 01/08/15 Outst 0105058 Kathleen L. Bellone V0370927 12/31/14 12.32 12.32 ------12.32 12.32
E0005113 01/08/15 Outst 0138134 Steve E. Benjamin V0370817 12/30/14 97.10 97.10 ------97.10 97.10
E0005114 01/08/15 Outst 0045515 Harold C. Boger, II V0370408 12/30/14 B0007457 750.00 750.00 ------750.00 750.00
E0005115 01/08/15 Outst 0037395 Dana L. Carlson V0370496 12/30/14 21.67 21.67 ------21.67 21.67
E0005116 01/08/15 Outst 0219402 James C. Castree V0370135 12/19/14 119.22 119.22 ------119.22 119.22
E0005117 01/08/15 Outst 0002662 Amy Suzanne Diaz V0370565 12/30/14 79.58 79.58 ------79.58 79.58
E0005118 01/08/15 Outst 0452309 Craig A. Doty V0364922 01/08/15 136.00 136.00 ------136.00 136.00
E0005119 01/08/15 Outst 0146214 Irving J. Drought V0370531 12/31/14 63.98 63.98 ------63.98 63.98
E0005120 01/08/15 Outst 0293530 Chizuko Duncanson V0370305 12/22/14 74.28 74.28 ------74.28 74.28
E0005121 01/08/15 Outst 0056793 Valerie R. Ferguson V0370921 12/31/14 36.40 36.40 ------36.40 36.40
E0005122 01/08/15 Outst 0455267 Alexander A. Fuentes V0370794 01/07/15 110.00 110.00 ------110.00 110.00
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 2 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------
E0005123 01/08/15 Outst 0478154 Sharon Hanson V0370133 12/19/14 5.04 5.04 ------5.04 5.04
E0005124 01/08/15 Outst 0002583 Rodger S. Hergert V0370307 12/22/14 125.00 125.00 ------125.00 125.00
E0005125 01/08/15 Outst 0471436 Paul A. Hummel V0369657 12/10/14 B0007325 1,512.50 1,512.50 ------1,512.50 1,512.50
E0005126 01/08/15 Outst 0088796 Dave H. Keaggy V0370930 12/31/14 44.80 44.80 ------44.80 44.80
E0005127 01/08/15 Outst 0002601 Diane R. Koenig V0370134 12/19/14 115.92 115.92 V0370156 12/22/14 200.00 200.00 ------315.92 315.92
E0005128 01/08/15 Outst 0190243 Tammy L. Lewis V0370198 12/22/14 16.58 16.58 V0370199 12/22/14 108.76 108.76 ------125.34 125.34
E0005129 01/08/15 Outst 0427303 Pau S. Mang V0370918 12/31/14 7.17 7.17 V0370924 12/31/14 9.18 9.18 ------16.35 16.35
E0005130 01/08/15 Outst 0463702 Rita L. Nesbitt V0370919 12/31/14 71.27 71.27 ------71.27 71.27
E0005131 01/08/15 Outst 0404825 Misty D. Opat V0364907 01/08/15 160.00 160.00 V0370142 01/01/15 2,000.00 2,000.00 ------2,160.00 2,160.00
E0005132 01/08/15 Outst 0470934 Akanksha P. Patel V0370922 12/31/14 33.04 33.04 ------33.04 33.04
E0005133 01/08/15 Outst 0480671 Jared Michael Revlett V0370573 12/31/14 280.00 280.00 ------280.00 280.00
E0005134 01/08/15 Outst 0094646 Bruce A. Roberts V0370446 12/31/14 155.12 155.12 ------
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 3 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------155.12 155.12
E0005135 01/08/15 Outst 0394261 Mark L. Sandoval V0370929 12/31/14 30.24 30.24 ------30.24 30.24
E0005136 01/08/15 Outst 0271226 Morgan A. Smith V0370926 12/31/14 15.74 15.74 ------15.74 15.74
E0005137 01/08/15 Outst 0382125 Mark F. Spain V0370916 12/31/14 61.04 61.04 ------61.04 61.04
E0005138 01/08/15 Outst 0359822 Samantha J. Vancil V0370354 12/31/14 225.00 225.00 ------225.00 225.00
E0005139 01/08/15 Outst 0378906 A Better Choice Catering V0370591 12/30/14 P0034388 1,525.00 1,525.00 ------1,525.00 1,525.00
E0005140 01/08/15 Outst 0468853 Adventure Safari Network V0370372 12/30/14 B0007340 729.00 729.00 ------729.00 729.00
E0005141 01/08/15 Outst 0289529 Airgas USA, LLC V0369840 12/15/14 B0007405 662.42 662.42 V0369841 12/15/14 B0007405 46.50 46.50 ------708.92 708.92
E0005142 01/08/15 Outst 0309405 Applied Maintenance Supp V0370033 12/17/14 B0007292 197.25 197.25 ------197.25 197.25
E0005143 01/08/15 Outst 0332450 Austin Mechanical Sales V0370396 12/30/14 B0007386 518.00 518.00 ------518.00 518.00
E0005144 01/08/15 Outst 0295853 Automatic Fire Systems V0370080 12/18/14 B0007363 988.00 988.00 ------988.00 988.00
E0005145 01/08/15 Outst 0292357 Baker & Taylor V0370145 12/19/14 B0007346 74.99 74.99 V0370146 12/19/14 B0007346 65.37 65.37 V0370148 12/19/14 B0007346 66.17 66.17 V0370149 12/19/14 B0007346 25.14 25.14 V0370157 12/22/14 B0007346 183.77 183.77 V0370159 12/22/14 B0007346 362.37 362.37 V0370160 12/22/14 B0007346 135.29 135.29
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 4 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------V0370162 12/22/14 B0007346 22.91 22.91 ------936.01 936.01
E0005146 01/08/15 Outst 0382551 Beef-A-Roo V0370170 12/22/14 P0034384 72.50 72.50 ------72.50 72.50
E0005147 01/08/15 Outst 0443153 Bodycraft Wellness & Mas V0370406 12/30/14 P0034400 369.75 369.75 ------369.75 369.75
E0005148 01/08/15 Outst 0289599 C D W Government Inc V0370131 12/19/14 P0034249 5,165.28 5,165.28 V0370455 12/30/14 P0034302 122.19 122.19 ------5,287.47 5,287.47
E0005149 01/08/15 Outst 0310222 Constellation New Energy V0370538 12/30/14 B0007444 897.95 897.95 V0370539 12/30/14 B0007444 11,965.74 11,965.74 V0370540 12/30/14 B0007444 49,364.53 49,364.53 V0370544 12/30/14 B0007444 1,248.79 1,248.79 ------63,477.01 63,477.01
E0005150 01/08/15 Outst 0480544 Double Robotics, Inc V0370892 12/30/14 P0034252 2,834.28 2,834.28 ------2,834.28 2,834.28
E0005151 01/08/15 Outst 0289703 Eickman's Processing Com V0370578 12/30/14 B0007278 130.00 130.00 ------130.00 130.00
E0005152 01/08/15 Outst 0478265 Forever Green V0370286 12/22/14 B0007572 3,850.00 3,850.00 ------3,850.00 3,850.00
E0005153 01/08/15 Outst 0289735 Harder Corp V0370917 12/31/14 470.96 470.96 ------470.96 470.96
E0005154 01/08/15 Outst 0307395 IWI Motor Parts V0370552 12/31/14 B0007218 39.73 39.73 ------39.73 39.73
E0005155 01/08/15 Outst 0422412 Lawrence Leasing Inc. V0370339 01/05/15 B0007493 5,925.41 5,925.41 ------5,925.41 5,925.41
E0005156 01/08/15 Outst 0296381 Liebovich Steel V0370132 12/19/14 B0007254 273.34 273.34 ------273.34 273.34
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 5 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------
E0005157 01/08/15 Outst 0289806 Lindstrom Travel V0370094 01/01/15 P0034374 635.64 635.64 V0370095 01/01/15 P0034374 635.64 635.64 V0370097 01/01/15 P0034374 4,253.83 4,253.83 V0370098 01/01/15 P0034374 1,906.92 1,906.92 V0370099 01/01/15 P0034374 2,430.76 2,430.76 V0370100 01/01/15 P0034376 672.00 672.00 V0370101 01/01/15 P0034376 389.00 389.00 V0370106 01/01/15 P0034383 1,692.80 1,692.80 V0370625 12/31/14 P0034416 334.20 334.20 ------12,950.79 12,950.79
E0005158 01/08/15 Outst 0464011 LYRASIS V0370144 12/19/14 P0034363 2,995.00 2,995.00 ------2,995.00 2,995.00
E0005159 01/08/15 Outst 0289813 McMaster- Carr Supply Co V0370369 12/31/14 P0034406 69.78 69.78 ------69.78 69.78
E0005160 01/08/15 Outst 0334253 Mechanical Inc. V0370587 12/31/14 B0007447 2,173.00 2,173.00 V0370588 12/31/14 B0007447 827.69 827.69 ------3,000.69 3,000.69
E0005161 01/08/15 Outst 0289878 Mid City Office Products V0370373 12/31/14 B0007354 7,490.96 7,490.96 ------7,490.96 7,490.96
E0005162 01/08/15 Outst 0289892 Nasco V0370912 01/08/15 B0007279 976.80 976.80 ------976.80 976.80
E0005163 01/08/15 Outst 0289897 National Safety Council V0370620 12/31/14 B0007328 55.00 55.00 ------55.00 55.00
E0005164 01/08/15 Outst 0289881 Nicholson Hardware V0370590 12/31/14 B0007264 36.96 36.96 V0370593 12/31/14 B0007264 26.95 26.95 ------63.91 63.91
E0005165 01/08/15 Outst 0292280 NILRC V0370448 12/31/14 B0007333 3,567.90 3,567.90 ------3,567.90 3,567.90
E0005166 01/08/15 Outst 0450942 Office Automation, Inc V0370322 12/23/14 B0007355 541.00 541.00 V0370323 12/23/14 B0007355 343.00 343.00 ------884.00 884.00
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 6 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------
E0005167 01/08/15 Outst 0300549 Overhead Door Company V0370628 12/31/14 P0034423 726.00 726.00 ------726.00 726.00
E0005168 01/08/15 Outst 0298332 Paper Recovery Service C V0370599 12/31/14 B0007273 220.00 220.00 ------220.00 220.00
E0005169 01/08/15 Outst 0400360 Perceptive Software V0369994 12/17/14 B0007530 300.00 300.00 ------300.00 300.00
E0005170 01/08/15 Outst 0363523 Perspectives, Ltd. V0370899 01/07/15 B0007430 825.00 825.00 ------825.00 825.00
E0005171 01/08/15 Outst 0442752 Petroliance V0370589 12/31/14 B0007371 587.36 587.36 ------587.36 587.36
E0005172 01/08/15 Outst 0276087 Plumbers & Pipe Fitters V0370447 12/31/14 P0034370 11,600.00 11,600.00 ------11,600.00 11,600.00
E0005173 01/08/15 Outst 0413760 Proforma V0370310 12/23/14 P0034415 282.91 282.91 ------282.91 282.91
E0005174 01/08/15 Outst 0427182 Rock River Service Compa V0370291 12/22/14 B0007290 90.00 90.00 ------90.00 90.00
E0005175 01/08/15 Outst 0289926 Rock Valley Culligan V0369874 12/15/14 B0007550 278.90 278.90 ------278.90 278.90
E0005176 01/08/15 Outst 0345040 Rockford Charter Coach L V0369754 12/12/14 P0034387 2,415.00 2,415.00 V0370342 12/31/14 B0007543 945.00 945.00 V0370548 12/31/14 B0007543 765.00 765.00 ------4,125.00 4,125.00
E0005177 01/08/15 Outst 0306614 Ron Carlson Electric V0370092 12/19/14 B0007548 624.80 624.80 V0370325 12/23/14 B0007548 1,668.28 1,668.28 V0370326 12/23/14 B0007548 130.67 130.67 ------2,423.75 2,423.75
E0005178 01/08/15 Outst 0289961 Schumacher Elevator Co V0370035 12/18/14 B0007372 1,884.77 1,884.77 ------
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 7 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------1,884.77 1,884.77
E0005179 01/08/15 Outst 0292032 Scope Shoppe V0370375 12/31/14 B0007306 2,714.70 2,714.70 ------2,714.70 2,714.70
E0005180 01/08/15 Outst 0480303 Senior Learning Network V0370533 12/31/14 45.00 45.00 ------45.00 45.00
E0005181 01/08/15 Outst 0356757 Sikich LLP V0370312 12/23/14 B0007495 600.00 600.00 ------600.00 600.00
E0005182 01/08/15 Outst 0305907 SimplexGrinnell LP V0369866 12/15/14 B0007373 639.00 639.00 V0369927 12/16/14 B0007373 446.00 446.00 ------1,085.00 1,085.00
E0005183 01/08/15 Outst 0310216 State Industrial Product V0370355 12/31/14 B0007267 198.77 198.77 ------198.77 198.77
E0005184 01/08/15 Outst 0290049 Steiner Electric V0370137 12/19/14 B0007374 52.88 52.88 V0370138 12/19/14 B0007374 379.96 379.96 ------432.84 432.84
E0005185 01/08/15 Outst 0300469 Stericycle Inc V0370053 01/01/15 B0007451 510.79 510.79 ------510.79 510.79
E0005186 01/08/15 Outst 0305911 Stratus Networks V0370349 12/31/14 B0007390 517.53 517.53 ------517.53 517.53
E0005187 01/08/15 Outst 0348733 Swat Pest Control V0370090 12/19/14 B0007308 695.00 695.00 ------695.00 695.00
E0005188 01/08/15 Outst 0478985 Ultimate Team Sales V0370432 12/31/14 P0033996 450.00 450.00 ------450.00 450.00
E0005189 01/08/15 Outst 0455785 Union Electronic Distrib V0369471 12/08/14 P0034248 2,222.00 2,222.00 ------2,222.00 2,222.00
E0005190 01/08/15 Outst 0465662 White Leaf Creative V0370161 12/22/14 B0007504 793.75 793.75 ------793.75 793.75
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 8 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------
E0005191 01/08/15 Outst 0309301 WQRF Television Fox 39 V0369869 12/15/14 B0007600 3,365.00 3,365.00 ------3,365.00 3,365.00
E0005192 01/08/15 Outst 0295035 WTVO-17 V0369420 11/30/14 B0007599 4,470.00 4,470.00 V0369422 11/30/14 B0007599 1,300.00 1,300.00 ------5,770.00 5,770.00
E0005193 01/09/15 Outst 0045515 Harold C. Boger, II V0371022 12/31/14 B0007489 2,722.50 2,722.50 V0371023 12/31/14 B0007489 1,890.00 1,890.00 ------4,612.50 4,612.50
E0005194 01/15/15 Outst 0368821 Andrea Bechert V0371232 01/14/15 P0033801 734.00 734.00 V0371234 01/14/15 P0033801 733.00 733.00 ------1,467.00 1,467.00
E0005195 01/15/15 Outst 0220968 Pauline Box V0370964 12/31/14 23.18 23.18 V0370966 12/31/14 11.59 11.59 ------34.77 34.77
E0005196 01/15/15 Outst 0124583 Sharon R. Charles V0371238 01/14/15 19.60 19.60 ------19.60 19.60
E0005197 01/15/15 Outst 0059828 Kevin J. Countryman V0371028 12/31/14 63.84 63.84 ------63.84 63.84
E0005198 01/15/15 Outst 0452309 Craig A. Doty V0364923 01/15/15 136.00 136.00 V0371253 01/14/15 80.50 80.50 ------216.50 216.50
E0005199 01/15/15 Outst 0092382 Lashandale N. Fricks V0370969 12/31/14 41.71 41.71 ------41.71 41.71
E0005200 01/15/15 Outst 0390824 David J. Goodacre V0370967 12/31/14 20.16 20.16 ------20.16 20.16
E0005201 01/15/15 Outst 0471436 Paul A. Hummel V0370968 12/31/14 B0007325 750.00 750.00 ------750.00 750.00
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 9 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------E0005202 01/15/15 Outst 0190243 Tammy L. Lewis V0370984 12/31/14 5.60 5.60 ------5.60 5.60
E0005203 01/15/15 Outst 0177534 Lisa M. Wernsman-Mehlig V0371283 01/15/15 125.12 125.12 ------125.12 125.12
E0005204 01/15/15 Outst 0475701 Angel DeJesus Munoz V0370965 12/31/14 B0007532 375.00 375.00 ------375.00 375.00
E0005205 01/15/15 Outst 0463702 Rita L. Nesbitt V0370993 12/31/14 61.54 61.54 ------61.54 61.54
E0005206 01/15/15 Outst 0253510 Jasmyn A. Novachek V0371039 01/12/15 225.00 225.00 ------225.00 225.00
E0005207 01/15/15 Outst 0404825 Misty D. Opat V0364908 01/15/15 160.00 160.00 V0371033 01/09/15 14.06 14.06 V0371040 01/12/15 3.62 3.62 V0371042 01/12/15 141.90 141.90 V0371043 01/12/15 36.71 36.71 V0371044 01/12/15 95.31 95.31 V0371045 01/12/15 75.38 75.38 V0371046 01/12/15 88.79 88.79 ------615.77 615.77
E0005208 01/15/15 Outst 0175865 Tricia Sweeney V0370960 12/31/14 18.48 18.48 ------18.48 18.48
E0005209 01/15/15 Outst 0259915 Charles M. Wolfe, SR V0371118 01/13/15 7.20 7.20 ------7.20 7.20
E0005210 01/15/15 Outst 0223811 Patricia M. Young V0370973 12/31/14 67.76 67.76 ------67.76 67.76
E0005211 01/15/15 Outst 0293392 A-1 Dry Cleaners & Laund V0371087 01/13/15 B0007272 38.44 38.44 ------38.44 38.44
E0005212 01/15/15 Outst 0289529 Airgas USA, LLC V0370489 12/30/14 B0007405 117.30 117.30 V0371119 01/13/15 B0007488 131.44 131.44 ------248.74 248.74
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 10 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------
E0005213 01/15/15 Outst 0305703 Allied Benefit Systems I V0371193 01/13/15 B0007459 735.80 735.80 ------735.80 735.80
E0005214 01/15/15 Outst 0330843 ASC V0370394 12/30/14 P0034414 980.93 980.93 ------980.93 980.93
E0005215 01/15/15 Outst 0292357 Baker & Taylor V0370634 01/07/15 B0007346 16.61 16.61 V0370635 01/07/15 B0007346 132.39 132.39 V0370636 01/07/15 B0007346 166.74 166.74 V0370637 01/07/15 B0007346 91.63 91.63 V0370638 01/07/15 B0007346 79.36 79.36 V0370639 01/07/15 B0007346 138.51 138.51 V0370640 01/07/15 B0007346 24.67 24.67 V0370641 01/07/15 B0007346 234.17 234.17 V0370642 01/07/15 B0007346 210.29 210.29 V0370643 01/07/15 B0007346 32.38 32.38 V0370645 01/07/15 B0007346 136.74 136.74 V0370920 12/30/14 B0007346 30.76- -30.76 ------1,232.73 1,232.73
E0005216 01/15/15 Outst 0289535 Batteries Plus V0370221 12/22/14 P0034433 361.70 361.70 V0370231 12/22/14 P0034433 135.80 135.80 V0370234 12/22/14 P0034433 39.90 39.90 V0370235 12/22/14 P0034433 67.90 67.90 ------605.30 605.30
E0005217 01/15/15 Outst 0289599 C D W Government Inc V0370436 12/30/14 P0034327 18.94 18.94 ------18.94 18.94
E0005218 01/15/15 Outst 0380093 Central Management Servi V0370506 12/30/14 B0007277 260.80 260.80 ------260.80 260.80
E0005219 01/15/15 Outst 0289663 Communication Revolving V0370516 12/30/14 B0007410 652.48 652.48 ------652.48 652.48
E0005220 01/15/15 Outst 0385509 Constellation New Energy V0371174 01/13/15 B0007443 28,886.42 28,886.42 ------28,886.42 28,886.42
E0005221 01/15/15 Outst 0267042 Education To Go Inc V0370576 12/30/14 B0007338 325.00 325.00 V0370577 12/30/14 B0007338 6.75 6.75 ------331.75 331.75
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 11 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------
E0005222 01/15/15 Outst 0422375 Eigerlab V0371092 01/13/15 B0007442 2,990.00 2,990.00 ------2,990.00 2,990.00
E0005223 01/15/15 Outst 0289616 WESCO Receivables Corp V0371188 01/13/15 P0034182 9,846.45 9,846.45 ------9,846.45 9,846.45
E0005224 01/15/15 Outst 0455047 Fotronic Corporation V0370581 01/06/15 P0034277 3,984.75 3,984.75 ------3,984.75 3,984.75
E0005225 01/15/15 Outst 0283967 Greater Rockford Airport V0371034 01/09/15 B0007540 243.29 243.29 ------243.29 243.29
E0005226 01/15/15 Outst 0292079 I D A Public Library V0371054 01/12/15 B0007436 300.00 300.00 ------300.00 300.00
E0005227 01/15/15 Outst 0436202 IHLS-OCLC V0371083 01/13/15 B0007480 10.38 10.38 ------10.38 10.38
E0005228 01/15/15 Outst 0300930 Image Signs V0370595 12/31/14 B0007274 761.25 761.25 ------761.25 761.25
E0005229 01/15/15 Outst 0481347 The Innovation Machine, V0370970 12/31/14 P0034399 4,000.00 4,000.00 V0370971 12/31/14 P0034399 1,600.00 1,600.00 V0371285 01/15/15 P0034399 2,000.00 2,000.00 ------7,600.00 7,600.00
E0005230 01/15/15 Outst 0477072 Jeffrey E Flemming, Arch V0370956 12/31/14 B0007516 54,225.48 54,225.48 ------54,225.48 54,225.48
E0005231 01/15/15 Outst 0289792 Johnstone Supply V0371032 01/09/15 B0007465 222.69 222.69 ------222.69 222.69
E0005232 01/15/15 Outst 0422412 Lawrence Leasing Inc. V0370948 12/31/14 B0007493 609.75 609.75 ------609.75 609.75
E0005233 01/15/15 Outst 0289870 Loveland Community House V0370944 12/31/14 B0007437 150.00 150.00 ------150.00 150.00
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 12 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------E0005234 01/15/15 Outst 0334253 Mechanical Inc. V0371278 01/14/15 B0007447 1,132.34 1,132.34 V0371279 01/14/15 B0007447 285.00 285.00 V0371280 01/15/15 B0007447 3,973.00 3,973.00 ------5,390.34 5,390.34
E0005235 01/15/15 Outst 0289877 Midwest Library Service V0371002 12/31/14 B0007245 102.75 102.75 ------102.75 102.75
E0005236 01/15/15 Outst 0289807 MSC Industrial Supply Co V0371005 12/31/14 P0034333 19.93 19.93 V0371006 12/31/14 P0034333 39.86 39.86 V0371010 12/31/14 P0034333 612.89 612.89 V0371242 01/14/15 P0034333 849.76 849.76 ------1,522.44 1,522.44
E0005237 01/15/15 Outst 0442752 Petroliance V0371078 01/13/15 B0007371 753.42 753.42 ------753.42 753.42
E0005238 01/15/15 Outst 0294914 Pocket Nurse V0371079 01/13/15 P0034393 205.00 205.00 ------205.00 205.00
E0005239 01/15/15 Outst 0295075 Pro Com Systems V0371246 01/14/15 B0007414 334.00 334.00 ------334.00 334.00
E0005240 01/15/15 Outst 0450314 Relyant V0370393 12/31/14 B0007220 44.95 44.95 ------44.95 44.95
E0005241 01/15/15 Outst 0329769 Rock Valley Glass V0370384 12/31/14 P0034030 8,147.00 8,147.00 ------8,147.00 8,147.00
E0005242 01/15/15 Outst 0295062 Rockford Area Economic D V0370954 01/09/15 P0034436 2,000.00 2,000.00 ------2,000.00 2,000.00
E0005243 01/15/15 Outst 0338001 Rockford Dance Company V0371049 01/12/15 P0034460 69.60 69.60 V0371090 01/13/15 P0034450 149.60 149.60 ------219.20 219.20
E0005244 01/15/15 Outst 0290030 Rockford Register Star V0369479 12/08/14 B0007605 3,800.00 3,800.00 V0370995 01/09/15 332.80 332.80 V0371009 12/31/14 B0007490 711.05 711.05 V0371038 01/09/15 B0007490 226.00 226.00
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 13 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------V0371195 01/14/15 182.00 182.00 V0371198 01/14/15 317.20 317.20 V0371274 01/14/15 130.00 130.00 ------5,699.05 5,699.05
E0005245 01/15/15 Outst 0305907 SimplexGrinnell LP V0370407 12/31/14 P0033885 3,134.98 3,134.98 ------3,134.98 3,134.98
E0005246 01/15/15 Outst 0308599 Skyline Window Cleaning V0370536 12/31/14 B0007449 1,334.00 1,334.00 ------1,334.00 1,334.00
E0005247 01/15/15 Outst 0310216 State Industrial Product V0371062 01/12/15 B0007267 199.76 199.76 ------199.76 199.76
E0005248 01/15/15 Outst 0290052 Stone Wheel Inc V0371150 01/13/15 B0007255 66.24 66.24 V0371151 01/13/15 B0007255 28.76 28.76 V0371153 01/13/15 B0007255 163.81 163.81 V0371154 01/13/15 B0007255 27.64 27.64 V0371155 01/13/15 B0007255 55.00- -55.00 V0371156 01/13/15 B0007255 28.76- -28.76 V0371157 01/13/15 B0007255 62.50 62.50 V0371158 01/13/15 B0007255 154.17 154.17 V0371159 01/13/15 B0007255 59.13 59.13 V0371160 01/13/15 B0007255 39.18 39.18 ------517.67 517.67
E0005249 01/15/15 Outst 0442641 Thames Management Resour V0370337 12/31/14 B0007567 762.56 762.56 V0371271 01/14/15 B0007483 1,760.00 1,760.00 V0371273 01/14/15 B0007483 8,283.25 8,283.25 ------10,805.81 10,805.81
E0005250 01/15/15 Outst 0357056 Wagner Communications In V0370534 01/06/15 B0007276 90.00 90.00 ------90.00 90.00
E0005251 01/15/15 Outst 0290076 Ward's Science V0368860 11/24/14 B0007280 24.50 24.50 V0369065 11/30/14 B0007280 71.33 71.33 V0371007 12/31/14 B0007280 57.05- -57.05 V0371008 12/31/14 B0007280 4.98- -4.98 V0371301 01/15/15 B0007280 19.52- -19.52 ------14.28 14.28
E0005253 01/22/15 Outst 0280119 Paul S. Andrews V0371571 01/21/15 94.08 94.08 ------
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 14 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------94.08 94.08
E0005254 01/22/15 Outst 0466234 Carrie M. Barker V0371504 01/20/15 16.85 16.85 ------16.85 16.85
E0005255 01/22/15 Outst 0124583 Sharon R. Charles V0371667 01/21/15 7.99 7.99 ------7.99 7.99
E0005256 01/22/15 Outst 0309537 Richard Dowling V0371701 01/22/15 B0007462 729.90 729.90 ------729.90 729.90
E0005257 01/22/15 Outst 0213918 Ann E. Johns V0371564 01/21/15 71.68 71.68 ------71.68 71.68
E0005258 01/22/15 Outst 0404825 Misty D. Opat V0371706 01/22/15 500.00 500.00 ------500.00 500.00
E0005259 01/22/15 Outst 0337687 Lisa A. Strong V0371339 01/16/15 15.12 15.12 V0371340 01/16/15 2.29 2.29 V0371341 01/16/15 35.86 35.86 ------53.27 53.27
E0005260 01/22/15 Outst 0293392 A-1 Dry Cleaners & Laund V0370368 12/30/14 B0007407 234.50 234.50 ------234.50 234.50
E0005261 01/22/15 Outst 0378906 A Better Choice Catering V0371352 01/16/15 P0034463 318.50 318.50 V0371353 01/16/15 P0034475 365.00 365.00 ------683.50 683.50
E0005262 01/22/15 Outst 0454771 Advanced Disposal Servic V0371378 01/16/15 B0007497 3,180.47 3,180.47 ------3,180.47 3,180.47
E0005263 01/22/15 Outst 0289529 Airgas USA, LLC V0370476 12/30/14 B0007488 64.00 64.00 V0370477 12/30/14 B0007488 56.25 56.25 V0370478 12/30/14 B0007488 48.50 48.50 V0370483 12/30/14 B0007229 12.04 12.04 ------180.79 180.79
E0005264 01/22/15 Outst 0312388 ASI - Signage Innovation V0370601 01/07/15 P0034027 1,135.22 1,135.22 ------1,135.22 1,135.22
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 15 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------
E0005265 01/22/15 Outst 0292357 Baker & Taylor V0371239 01/14/15 B0007346 34.68 34.68 V0371241 01/14/15 B0007346 143.75 143.75 V0371243 01/14/15 B0007346 176.29 176.29 V0371244 01/14/15 B0007346 144.43 144.43 ------499.15 499.15
E0005266 01/22/15 Void 0278683 Barnes & Noble B0007346
E0005267 01/22/15 Outst 0382551 Beef-A-Roo V0371666 01/21/15 P0034489 192.84 192.84 ------192.84 192.84
E0005268 01/22/15 Outst 0400871 Burris Equipment V0370424 12/30/14 B0007309 263.37 263.37 ------263.37 263.37
E0005269 01/22/15 Outst 0289599 C D W Government Inc V0370458 12/30/14 P0034331 75.19 75.19 V0371162 01/13/15 P0034302 1,169.00 1,169.00 V0371163 01/13/15 P0034350 537.23 537.23 V0371165 01/13/15 P0034401 702.60 702.60 V0371169 01/13/15 P0034354 939.06 939.06 V0371221 01/14/15 P0034398 176.25 176.25 V0371535 01/20/15 P0034327 284.28 284.28 ------3,883.61 3,883.61
E0005270 01/22/15 Outst 0409929 Careerbuilder, LLC V0370937 01/08/15 B0007482 750.00 750.00 V0370938 01/08/15 B0007481 750.00 750.00 ------1,500.00 1,500.00
E0005271 01/22/15 Outst 0292276 CollegeNET Inc V0371391 01/16/15 B0007379 2,487.50 2,487.50 ------2,487.50 2,487.50
E0005272 01/22/15 Outst 0310222 Constellation New Energy V0371525 01/20/15 B0007444 51,887.18 51,887.18 ------51,887.18 51,887.18
E0005273 01/22/15 Outst 0304879 Dr Stillwater Company V0371668 01/21/15 B0007295 40.25 40.25 ------40.25 40.25
E0005274 01/22/15 Outst 0463480 EBM, Inc. V0371526 01/20/15 B0007446 52,488.35 52,488.35 ------52,488.35 52,488.35
E0005275 01/22/15 Outst 0289717 Fire & Safety Equipment V0371342 01/16/15 P0034451 1,163.30 1,163.30
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 16 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------V0371344 01/16/15 P0034451 14.45 14.45 ------1,177.75 1,177.75
E0005276 01/22/15 Outst 0413868 First Advantage LNS Lexi V0370897 12/30/14 B0007411 1,853.90 1,853.90 ------1,853.90 1,853.90
E0005277 01/22/15 Outst 0480294 Flame-Sim LLC V0370025 12/17/14 P0034216 8,500.00 8,500.00 ------8,500.00 8,500.00
E0005278 01/22/15 Outst 0477698 Frontline Technologies G V0371189 01/13/15 B0007526 761.25 761.25 ------761.25 761.25
E0005279 01/22/15 Outst 0289735 Harder Corp V0371365 01/16/15 B0007445 72.38 72.38 ------72.38 72.38
E0005280 01/22/15 Outst 0289733 Health Care Service Corp V0371074 01/13/15 B0007439 270,778.20 270,778.20 ------270,778.20 270,778.20
E0005281 01/22/15 Outst 0471000 iFiber V0371371 01/16/15 B0007393 7,200.00 7,200.00 ------7,200.00 7,200.00
E0005282 01/22/15 Outst 0476374 In10sity Interactive, LL V0371510 01/20/15 P0033887 3,187.50 3,187.50 ------3,187.50 3,187.50
E0005283 01/22/15 Outst 0392788 Innovative Educators, In V0371669 01/21/15 P0034503 345.00 345.00 ------345.00 345.00
E0005284 01/22/15 Outst 0374825 Interstate Batteries of V0371546 01/21/15 192.00 192.00 ------192.00 192.00
E0005285 01/22/15 Outst 0470045 ITsavvy, LLC V0371512 01/20/15 P0034377 10,055.00 10,055.00 ------10,055.00 10,055.00
E0005286 01/22/15 Outst 0340451 J B H Technologies Inc V0371329 01/15/15 P0034372 51,682.20 51,682.20 ------51,682.20 51,682.20
E0005287 01/22/15 Outst 0471833 Jason's Deli V0370945 01/08/15 P0034435 134.71 134.71 ------134.71 134.71
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 17 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------
E0005288 01/22/15 Outst 0465463 Jersey Mike's V0371357 01/16/15 P0034474 545.65 545.65 ------545.65 545.65
E0005289 01/22/15 Outst 0289792 Johnstone Supply V0371694 01/21/15 B0007465 211.10 211.10 ------211.10 211.10
E0005290 01/22/15 Outst 0422329 Lewis Paper V0371031 01/09/15 B0007348 1,433.00 1,433.00 ------1,433.00 1,433.00
E0005291 01/22/15 Outst 0404195 lynda.com, inc. V0371511 01/20/15 P0034234 375.00 375.00 ------375.00 375.00
E0005292 01/22/15 Outst 0334253 Mechanical Inc. V0371366 01/16/15 B0007447 2,995.00 2,995.00 V0371369 01/16/15 B0007447 1,860.00 1,860.00 ------4,855.00 4,855.00
E0005293 01/22/15 Outst 0436745 NVUS Metals Inc. V0371067 01/12/15 P0034405 1,069.54 1,069.54 ------1,069.54 1,069.54
E0005294 01/22/15 Outst 0454454 Midwest Commercial Fitne V0371364 01/16/15 B0007434 1,077.48 1,077.48 V0371385 01/16/15 P0034165 752.05 752.05 V0371387 01/16/15 P0034165 142.50 142.50 ------1,972.03 1,972.03
E0005295 01/22/15 Outst 0289877 Midwest Library Service V0371689 01/21/15 B0007245 93.98 93.98 ------93.98 93.98
E0005296 01/22/15 Outst 0450942 Office Automation, Inc V0371372 01/16/15 B0007377 267.00 267.00 ------267.00 267.00
E0005297 01/22/15 Outst 0437654 Official Payments Corpor V0371388 01/16/15 22.50 22.50 ------22.50 22.50
E0005298 01/22/15 Outst 0294914 Pocket Nurse V0371080 01/13/15 P0034393 569.20 569.20 V0371081 01/13/15 P0034393 104.31 104.31 V0371082 01/13/15 P0034394 72.70 72.70 ------746.21 746.21
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 18 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------E0005299 01/22/15 Outst 0413760 Proforma V0371360 01/16/15 P0034480 432.34 432.34 V0371361 01/16/15 P0034482 167.70 167.70 ------600.04 600.04
E0005300 01/22/15 Outst 0293795 R J Galla Company Inc V0371124 01/13/15 P0034471 2,375.00 2,375.00 V0371130 01/13/15 P0034471 879.00 879.00 ------3,254.00 3,254.00
E0005301 01/22/15 Outst 0289926 Rock Valley Culligan V0370356 01/05/15 B0007550 21.95 21.95 V0370363 01/05/15 B0007433 66.25 66.25 ------88.20 88.20
E0005302 01/22/15 Outst 0345040 Rockford Charter Coach L V0371328 01/15/15 B0007543 725.00 725.00 ------725.00 725.00
E0005303 01/22/15 Outst 0290030 Rockford Register Star V0371522 01/20/15 B0007490 209.80 209.80 V0371523 01/20/15 B0007490 227.80 227.80 ------437.60 437.60
E0005304 01/22/15 Outst 0313275 Saavedra Gehlhausen Arch V0371175 01/13/15 B0007112 766.70 766.70 ------766.70 766.70
E0005305 01/22/15 Outst 0289958 Samco V0370346 12/31/14 P0034324 1,416.05 1,416.05 ------1,416.05 1,416.05
E0005306 01/22/15 Outst 0289961 Schumacher Elevator Co V0371282 01/15/15 B0007372 1,735.77 1,735.77 ------1,735.77 1,735.77
E0005307 01/22/15 Outst 0306314 SmartPractice V0370154 12/22/14 B0007368 615.45 615.45 V0370155 12/22/14 B0007368 474.15 474.15 ------1,089.60 1,089.60
E0005308 01/22/15 Outst 0310216 State Industrial Product V0371293 01/15/15 B0007267 152.99 152.99 ------152.99 152.99
E0005309 01/22/15 Outst 0290049 Steiner Electric V0370018 12/17/14 B0007374 58.28 58.28 V0370019 12/17/14 B0007374 54.14 54.14 V0370020 12/17/14 B0007374 379.18 379.18 V0370021 12/17/14 B0007374 129.20 129.20 V0370139 12/19/14 B0007374 51.90 51.90
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 19 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------V0370140 12/19/14 B0007374 1,162.72 1,162.72 V0370604 12/31/14 B0007374 3.88 3.88 V0370608 12/31/14 B0007374 200.00 200.00 V0370986 12/31/14 B0007374 865.64 865.64 V0370987 12/31/14 B0007374 443.62 443.62 ------3,348.56 3,348.56
E0005310 01/22/15 Outst 0295554 Xerox Corporation V0371064 01/12/15 B0007353 2,712.12 2,712.12 V0371065 01/12/15 B0007353 484.75 484.75 ------3,196.87 3,196.87
E0005312 01/22/15 Outst 0278683 Barnes & Noble V0368545 11/18/14 B0007513 404.06- -404.06 V0369547 12/10/14 P0034185 108.00 108.00 V0369549 12/10/14 22.51- -22.51 V0369550 12/10/14 B0007513 2,785.31- -2,785.31 V0369552 12/10/14 56.61 56.61 V0369553 12/10/14 56.61- -56.61 V0371382 01/16/15 B0007513 6,836.40 6,836.40 V0371383 01/16/15 1,099.64 1,099.64 V0371384 01/16/15 556.95 556.95 ------5,389.11 5,389.11
E0005313 01/22/15 Outst 0045515 Harold C. Boger, II V0371708 01/22/15 B0007457 900.00 900.00 ------900.00 900.00
E0005314 01/29/15 Outst 0183858 Debbie M. Alfredson V0372076 01/27/15 122.95 122.95 V0372078 01/27/15 119.98 119.98 ------242.93 242.93
E0005315 01/29/15 Outst 0220968 Pauline Box V0372149 01/28/15 26.21 26.21 ------26.21 26.21
E0005316 01/29/15 Outst 0002510 Melissa K. Clements V0372201 01/29/15 450.00 450.00 V0372202 01/29/15 450.00 450.00 ------900.00 900.00
E0005317 01/29/15 Outst 0115893 James M. Conley V0372195 01/29/15 1.20 1.20 ------1.20 1.20
E0005318 01/29/15 Outst 0452309 Craig A. Doty V0364924 01/29/15 136.00 136.00 V0364925 01/29/15 136.00 136.00 ------272.00 272.00
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 20 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------
E0005319 01/29/15 Outst 0078993 Milana L. Herman V0372126 01/27/15 45.69 45.69 V0372127 01/27/15 356.08 356.08 ------401.77 401.77
E0005320 01/29/15 Outst 0466815 Frank Horvat V0372007 01/26/15 239.40 239.40 V0372013 01/26/15 13.10 13.10 ------252.50 252.50
E0005321 01/29/15 Outst 0445285 Diann S. Jabusch V0372077 01/27/15 23.64 23.64 ------23.64 23.64
E0005322 01/29/15 Outst 0145365 Constance L. Johnson V0371987 01/26/15 20.74 20.74 ------20.74 20.74
E0005323 01/29/15 Outst 0463296 Evan M. Lavery V0372060 01/27/15 89.33 89.33 ------89.33 89.33
E0005324 01/29/15 Outst 0060535 Susan L. Meyer V0372169 01/28/15 7.64 7.64 ------7.64 7.64
E0005325 01/29/15 Outst 0237593 Jacqueline E. Moss V0371858 01/26/15 225.00 225.00 ------225.00 225.00
E0005326 01/29/15 Outst 0404825 Misty D. Opat V0364909 01/29/15 160.00 160.00 V0364910 01/29/15 160.00 160.00 V0371992 01/26/15 12.92 12.92 ------332.92 332.92
E0005327 01/29/15 Outst 0002642 William R. Samuelson V0372188 01/28/15 39.46 39.46 ------39.46 39.46
E0005328 01/29/15 Outst 0229044 Richard L. Sheehan V0371429 01/20/15 B0007260 250.00 250.00 ------250.00 250.00
E0005329 01/29/15 Outst 0292364 Stephanie E. Wascher V0372208 01/29/15 450.00 450.00 V0372209 01/29/15 450.00 450.00 ------900.00 900.00
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 21 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------E0005330 01/29/15 Outst 0298157 4IMPRINT V0372151 01/28/15 P0034413 1,094.50 1,094.50 ------1,094.50 1,094.50
E0005331 01/29/15 Outst 0378906 A Better Choice Catering V0372075 01/27/15 P0034527 239.00 239.00 V0372164 01/28/15 P0034545 1,013.83 1,013.83 V0372165 01/28/15 P0034545 296.00 296.00 V0372166 01/28/15 P0034545 155.00 155.00 V0372167 01/28/15 P0034545 475.00 475.00 V0372168 01/28/15 P0034545 429.50 429.50 ------2,608.33 2,608.33
E0005332 01/29/15 Outst 0289529 Airgas USA, LLC V0371120 01/13/15 B0007405 248.16 248.16 ------248.16 248.16
E0005333 01/29/15 Outst 0370926 Apperson V0371386 01/16/15 B0007350 187.45 187.45 ------187.45 187.45
E0005334 01/29/15 Outst 0309405 Applied Maintenance Supp V0371688 01/21/15 B0007292 440.10 440.10 ------440.10 440.10
E0005335 01/29/15 Outst 0289615 Aramark Uniform Services V0371272 01/14/15 B0007248 33.00 33.00 V0371381 01/16/15 B0007362 778.45 778.45 V0371702 01/22/15 B0007213 60.30 60.30 ------871.75 871.75
E0005336 01/29/15 Outst 0304315 ARC Design Resources Inc V0372017 01/26/15 P0034517 485.00 485.00 ------485.00 485.00
E0005337 01/29/15 Outst 0292357 Baker & Taylor V0372020 01/27/15 B0007346 18.65 18.65 V0372022 01/27/15 B0007346 18.25 18.25 ------36.90 36.90
E0005338 01/29/15 Outst 0289599 C D W Government Inc V0371538 01/20/15 P0034448 949.99 949.99 V0371916 01/26/15 P0034302 1,169.00 1,169.00 ------2,118.99 2,118.99
E0005339 01/29/15 Outst 0289661 Carolina Biological Supp V0371258 01/14/15 B0007424 31.05 31.05 ------31.05 31.05
E0005340 01/29/15 Outst 0439734 Central Service Center V0370535 12/30/14 75.00 75.00 ------
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 22 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------75.00 75.00
E0005341 01/29/15 Outst 0310222 Constellation New Energy V0371713 01/22/15 B0007444 1,259.70 1,259.70 ------1,259.70 1,259.70
E0005342 01/29/15 Outst 0439863 Dady & Hoffmann, LLC V0372054 01/27/15 46.25 46.25 ------46.25 46.25
E0005343 01/29/15 Outst 0422375 Eigerlab V0372081 01/27/15 B0007442 2,990.00 2,990.00 ------2,990.00 2,990.00
E0005344 01/29/15 Outst 0283967 Greater Rockford Airport V0371795 01/23/15 175.00 175.00 V0372044 01/27/15 B0007418 3,054.74 3,054.74 ------3,229.74 3,229.74
E0005345 01/29/15 Outst 0289735 Harder Corp V0371077 01/13/15 B0007445 4,483.14 4,483.14 ------4,483.14 4,483.14
E0005346 01/29/15 Outst 0289733 Health Care Service Corp V0371799 01/23/15 B0007401 116,418.44 116,418.44 ------116,418.44 116,418.44
E0005347 01/29/15 Outst 0321964 Henry Schein Inc V0370983 12/31/14 B0007485 188.99 188.99 V0370985 12/31/14 B0007485 71.84 71.84 ------260.83 260.83
E0005348 01/29/15 Outst 0417595 HP Enterprise Services, V0371237 01/14/15 B0007397 594.70 594.70 ------594.70 594.70
E0005349 01/29/15 Outst 0312745 J.W. Pepper & Son, Inc. V0371331 01/15/15 B0007507 255.00 255.00 ------255.00 255.00
E0005350 01/29/15 Outst 0298663 Manufacturing Skill Stan V0372199 01/29/15 B0007300 780.00 780.00 V0372200 01/29/15 B0007300 600.00 600.00 ------1,380.00 1,380.00
E0005351 01/29/15 Outst 0480840 Destiny Palms Hotel V0372211 01/29/15 P0034514 2,934.00 2,934.00 ------2,934.00 2,934.00
E0005352 01/29/15 Outst 0292280 NILRC V0371793 01/23/15 900.00 900.00 ------
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 23 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------900.00 900.00
E0005353 01/29/15 Outst 0450942 Office Automation, Inc V0371705 01/22/15 P0034083 341.00 341.00 V0371770 01/23/15 75.00 75.00 V0371797 01/23/15 B0007355 230.00 230.00 ------646.00 646.00
E0005354 01/29/15 Outst 0289909 Pepsi Cola Co V0360743 08/29/14 P0033687 80.00 80.00 V0361114 08/31/14 P0033752 184.64 184.64 V0364845 10/02/14 736.85- -736.85 V0368585 11/18/14 P0034209 96.27 96.27 V0371097 01/13/15 P0034457 1,176.09 1,176.09 ------800.15 800.15
E0005355 01/29/15 Outst 0442752 Petroliance V0372106 01/27/15 B0007371 921.88 921.88 ------921.88 921.88
E0005356 01/29/15 Outst 0383689 Procter & Gamble V0371834 01/26/15 B0007252 13.98 13.98 ------13.98 13.98
E0005357 01/29/15 Outst 0379844 Recycle Technologies, In V0371277 01/14/15 P0034496 271.40 271.40 ------271.40 271.40
E0005358 01/29/15 Outst 0427182 Rock River Service Compa V0371680 01/21/15 B0007415 37.50 37.50 ------37.50 37.50
E0005359 01/29/15 Outst 0289926 Rock Valley Culligan V0371769 01/23/15 B0007253 59.64 59.64 ------59.64 59.64
E0005360 01/29/15 Outst 0295062 Rockford Area Economic D V0372198 01/29/15 750.00 750.00 ------750.00 750.00
E0005361 01/29/15 Outst 0290030 Rockford Register Star V0372005 01/26/15 B0007490 395.80 395.80 V0372191 01/28/15 306.80 306.80 ------702.60 702.60
E0005362 01/29/15 Outst 0290034 American Solutions for B V0371955 01/26/15 P0034536 1,232.06 1,232.06 ------1,232.06 1,232.06
E0005363 01/29/15 Outst 0347127 Sportdecals Sport & Spir V0371196 01/14/15 P0034500 84.00 84.00 ------
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 24 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------84.00 84.00
E0005364 01/29/15 Outst 0290049 Steiner Electric V0370988 12/31/14 B0007374 93.60 93.60 V0370989 12/31/14 B0007374 120.76 120.76 V0371362 01/16/15 B0007374 45.96 45.96 ------260.32 260.32
E0005365 01/29/15 Outst 0408793 Sun Life Financial V0371946 01/26/15 B0007399 14,395.50 14,395.50 ------14,395.50 14,395.50
E0005366 01/29/15 Outst 0348733 Swat Pest Control V0372096 01/27/15 B0007308 260.00 260.00 ------260.00 260.00
E0005367 01/29/15 Outst 0330693 Target Commercial Interi V0371990 01/26/15 P0034346 7,511.40 7,511.40 V0372192 01/28/15 P0034419 2,024.40 2,024.40 V0372193 01/28/15 P0034431 7,881.40 7,881.40 ------17,417.20 17,417.20
E0005369 01/30/15 Outst 0368821 Andrea Bechert V0372257 01/30/15 B0007611 1,925.00 1,925.00 V0372258 01/30/15 B0007611 1,925.00 1,925.00 V0372259 01/30/15 B0007611 1,925.00 1,925.00 V0372260 01/30/15 B0007611 1,925.00 1,925.00 ------7,700.00 7,700.00
E0005370 01/30/15 Outst 0044877 Dawn M Ousley V0372232 01/29/15 78.55 78.55 ------78.55 78.55
M000008 01/15/15 Outst 0289619 American Express V0370470 12/30/14 B0007403 25,794.29 25,794.29 ------25,794.29 25,794.29
0681647 01/08/15 Outst 0289527 A T & T V0370357 12/30/14 B0007391 17.48 17.48 ------17.48 17.48
0681648 01/08/15 Outst 0289527 A T & T V0370358 12/30/14 B0007391 131.34 131.34 ------131.34 131.34
0681649 01/08/15 Outst 0289527 A T & T V0370359 12/30/14 B0007391 414.38 414.38 ------414.38 414.38
0681650 01/08/15 Outst 0289527 A T & T V0370360 12/30/14 B0007391 59.45 59.45 ------
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 25 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------59.45 59.45
0681651 01/08/15 Outst 0289527 A T & T V0370361 12/30/14 B0007391 17.92 17.92 ------17.92 17.92
0681652 01/08/15 Outst 0289527 A T & T V0370362 12/30/14 B0007391 33.64 33.64 ------33.64 33.64
0681653 01/08/15 Outst 0440291 AIM Distribution V0370081 12/18/14 B0007592 949.00 949.00 V0370374 12/30/14 B0007592 474.50 474.50 ------1,423.50 1,423.50
0681654 01/08/15 Outst 0299142 ALLDATA V0370522 01/06/15 P0034344 975.00 975.00 ------975.00 975.00
0681655 01/08/15 Outst 0481189 Michael D. Anthony V0370760 01/07/15 P0034420 3,500.00 3,500.00 ------3,500.00 3,500.00
0681656 01/08/15 Outst 0293735 Assoc of Surgical Techno V0370605 01/07/15 80.00 80.00 ------80.00 80.00
0681657 01/08/15 Outst 0301199 Aviall Services Inc V0370612 12/30/14 P0034397 160.70 160.70 V0370615 12/30/14 P0034397 75.33 75.33 V0370616 12/30/14 P0034397 18.44 18.44 ------254.47 254.47
0681658 01/08/15 Void 0440280 Steve Bellmore
0681659 01/08/15 Outst 0481997 Jean Bishop V0370172 12/22/14 190.00 190.00 ------190.00 190.00
0681660 01/08/15 Outst 0289523 Bobcat of Rockford Inc V0370928 12/30/14 P0034422 342.19 342.19 ------342.19 342.19
0681661 01/08/15 Outst 0479466 Traphell M. Bowman V0370811 12/30/14 75.00 75.00 ------75.00 75.00
0681662 01/08/15 Outst 0449256 Amy Boze V0370410 12/30/14 225.00 225.00 ------225.00 225.00
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 26 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------0681663 01/08/15 Outst 0480014 Marcell Bryant V0370814 12/30/14 75.00 75.00 ------75.00 75.00
0681664 01/08/15 Outst 0473749 Nathaniel Burton V0370831 12/30/14 10.00 10.00 ------10.00 10.00
0681665 01/08/15 Outst 0095863 Barbara M. Calvette V0370181 12/22/14 149.00 149.00 ------149.00 149.00
0681666 01/08/15 Outst 0092944 Barbara J. Cavanagh V0370111 12/19/14 101.90 101.90 ------101.90 101.90
0681667 01/08/15 Outst 0478674 Cherry Valley Feed & Sup V0370507 12/30/14 319.90 319.90 ------319.90 319.90
0681668 01/08/15 Outst 0348883 Chicago Botanic Garden V0370932 01/08/15 P0034355 50.00 50.00 ------50.00 50.00
0681669 01/08/15 Outst 0351276 City of Rockford Pipe Ba V0370509 12/30/14 368.00 368.00 ------368.00 368.00
0681670 01/08/15 Outst 0289662 Com Ed V0370513 12/30/14 B0007429 47.32 47.32 ------47.32 47.32
0681671 01/08/15 Outst 0384473 Comcast V0370364 12/30/14 B0007388 193.51 193.51 ------193.51 193.51
0681672 01/08/15 Outst 0384473 Comcast V0370365 12/30/14 B0007388 217.93 217.93 ------217.93 217.93
0681673 01/08/15 Outst 0384473 Comcast V0370366 12/30/14 B0007392 6,450.00 6,450.00 ------6,450.00 6,450.00
0681674 01/08/15 Outst 0384473 Comcast V0370367 01/05/15 B0007388 112.35 112.35 ------112.35 112.35
0681675 01/08/15 Outst 0384473 Comcast V0370494 01/06/15 B0007297 129.41 129.41 ------129.41 129.41
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 27 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------
0681676 01/08/15 Outst 0382290 Comcast Spotlight V0369917 12/16/14 B0007603 1,779.00 1,779.00 V0369918 12/16/14 B0007603 1,710.00 1,710.00 V0370492 12/30/14 B0007603 50.00 50.00 V0370493 12/30/14 B0007603 2,400.00 2,400.00 ------5,939.00 5,939.00
0681677 01/08/15 Outst 0351475 Compass Minerals America V0370184 12/22/14 B0007542 7,462.29 7,462.29 ------7,462.29 7,462.29
0681678 01/08/15 Outst 0393111 Timothy Cooper V0370298 01/01/15 115.00 115.00 ------115.00 115.00
0681679 01/08/15 Outst 0157739 Alan S. Corl V0370546 01/06/15 100.00 100.00 ------100.00 100.00
0681680 01/08/15 Outst 0157739 Alan S. Corl V0370547 12/30/14 100.00 100.00 ------100.00 100.00
0681681 01/08/15 Outst 0368991 Ronnie Creggett V0370303 01/01/15 115.00 115.00 ------115.00 115.00
0681682 01/08/15 Outst 0289670 Crimson Ridge Florist V0370934 12/30/14 P0034402 129.50 129.50 ------129.50 129.50
0681683 01/08/15 Outst 0292305 CTB McGraw Hill V0370555 12/30/14 P0034278 206.33 206.33 ------206.33 206.33
0681684 01/08/15 Outst 0306139 Custom Apparel & Promoti V0370187 12/22/14 P0034365 120.00 120.00 ------120.00 120.00
0681685 01/08/15 Outst 0479832 Ms. Shimarrion M. Daily V0370895 12/30/14 30.00 30.00 ------30.00 30.00
0681686 01/08/15 Outst 0479514 Dancewear Solutions V0370015 12/17/14 P0034290 23.02 23.02 ------23.02 23.02
0681687 01/08/15 Outst 0468571 Davig's Custom Cleaners V0370562 12/30/14 B0007231 270.00 270.00 ------270.00 270.00
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 28 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------
0681688 01/08/15 Outst 0479829 Ms. Ae Deh V0370564 12/30/14 25.00 25.00 ------25.00 25.00
0681689 01/08/15 Outst 0430521 George Demos V0370799 01/07/15 110.00 110.00 ------110.00 110.00
0681690 01/08/15 Outst 0480850 DesignLab Chicago V0370017 12/17/14 P0034305 1,462.00 1,462.00 ------1,462.00 1,462.00
0681691 01/08/15 Outst 0455266 Ed Draper V0370574 12/30/14 110.00 110.00 ------110.00 110.00
0681692 01/08/15 Outst 0426128 Ms. Sherrell B. Eatmon V0370575 12/30/14 20.00 20.00 ------20.00 20.00
0681693 01/08/15 Outst 0314256 Elite Defense Systems V0370896 12/30/14 66.00 66.00 ------66.00 66.00
0681694 01/08/15 Outst 0296874 The Fitness Zone V0370876 12/30/14 89.00 89.00 ------89.00 89.00
0681695 01/08/15 Outst 0309329 Heather R. Foes V0370306 12/22/14 35.00 35.00 ------35.00 35.00
0681696 01/08/15 Outst 0480973 Jason P. Foy V0370898 12/30/14 300.00 300.00 ------300.00 300.00
0681697 01/08/15 Outst 0292105 The Frame Shoppe Gallery V0370901 12/30/14 31.55 31.55 ------31.55 31.55
0681698 01/08/15 Outst 0479862 Ms. Francine Ndayikeze V0370582 12/30/14 10.00 10.00 ------10.00 10.00
0681699 01/08/15 Outst 0092053 Alex P. Gary V0370082 12/18/14 90.00 90.00 ------90.00 90.00
0681700 01/08/15 Outst 0480530 John Geiger V0370517 12/31/14 30.00 30.00 ------
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 29 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------30.00 30.00
0681701 01/08/15 Outst 0459860 Ruben Gonzalez V0370141 12/19/14 190.00 190.00 ------190.00 190.00
0681702 01/08/15 Outst 0303106 GraybaR V0370079 12/18/14 P0034256 535.95 535.95 ------535.95 535.95
0681703 01/08/15 Outst 0430461 Kevin Grayer V0370925 01/08/15 115.00 115.00 ------115.00 115.00
0681704 01/08/15 Outst 0342283 Kimberly A. Haley V0370914 12/31/14 165.50 165.50 ------165.50 165.50
0681705 01/08/15 Outst 0101288 Walter J. Harezlak V0370200 12/22/14 B0007301 500.00 500.00 ------500.00 500.00
0681706 01/08/15 Outst 0303730 Hawthorn Suites V0370044 01/01/15 P0034352 466.16 466.16 ------466.16 466.16
0681707 01/08/15 Outst 0084935 Robert J. Hayes V0370905 12/31/14 51.22 51.22 ------51.22 51.22
0681708 01/08/15 Outst 0084935 Robert J. Hayes V0370906 12/31/14 59.97 59.97 ------59.97 59.97
0681709 01/08/15 Outst 0084935 Robert J. Hayes V0370908 12/31/14 105.34 105.34 ------105.34 105.34
0681710 01/08/15 Outst 0084935 Robert J. Hayes V0370909 12/31/14 86.30 86.30 ------86.30 86.30
0681711 01/08/15 Outst 0084935 Robert J. Hayes V0370910 12/31/14 87.16 87.16 ------87.16 87.16
0681712 01/08/15 Outst 0084935 Robert J. Hayes V0370911 12/31/14 126.66 126.66 ------126.66 126.66
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 30 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------0681713 01/08/15 Outst 0001471 Highland Community Colle V0370203 12/22/14 B0007205 110.00 110.00 V0370204 12/22/14 B0007205 110.00 110.00 ------220.00 220.00
0681714 01/08/15 Outst 0473886 Mauricio Hinojosa V0370519 12/31/14 25.00 25.00 ------25.00 25.00
0681715 01/08/15 Outst 0473592 Claudia Z. Hollister V0370497 12/31/14 25.00 25.00 ------25.00 25.00
0681716 01/08/15 Outst 0298520 Houghton Mifflin Harcour V0370370 12/31/14 P0034353 6,585.96 6,585.96 ------6,585.96 6,585.96
0681717 01/08/15 Outst 0471995 Tee M. Htoo V0370523 12/31/14 25.00 25.00 ------25.00 25.00
0681718 01/08/15 Outst 0308650 IAHPERD V0370621 01/07/15 50.00 50.00 ------50.00 50.00
0681719 01/08/15 Outst 0427703 IL Dept of Agriculture V0370301 01/01/15 100.00 100.00 ------100.00 100.00
0681720 01/08/15 Outst 0471083 Juvenal James V0370500 12/31/14 20.00 20.00 ------20.00 20.00
0681721 01/08/15 Outst 0128326 Douglas C. Juhlin V0370335 12/31/14 100.00 100.00 V0370343 01/05/15 100.00 100.00 V0370529 01/06/15 110.00 110.00 ------310.00 310.00
0681722 01/08/15 Outst 0280820 Keith Country Day School V0370282 12/22/14 110.00 110.00 ------110.00 110.00
0681723 01/08/15 Outst 0166957 Joel P. Keller V0370336 12/31/14 100.00 100.00 V0370345 01/05/15 100.00 100.00 ------200.00 200.00
0681724 01/08/15 Outst 0461850 Kevcor Services, Inc. V0370451 12/31/14 P0033739 4,633.75 4,633.75 ------4,633.75 4,633.75
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 31 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------
0681725 01/08/15 Outst 0337051 David P. King V0370931 01/08/15 115.00 115.00 ------115.00 115.00
0681726 01/08/15 Outst 0298024 Kevin King V0366929 01/01/15 115.00 115.00 ------115.00 115.00
0681727 01/08/15 Outst 0482585 Christopher J. Koopman V0370796 01/07/15 110.00 110.00 ------110.00 110.00
0681728 01/08/15 Outst 0164221 William R. Kulpa V0370136 12/19/14 180.00 180.00 ------180.00 180.00
0681729 01/08/15 Outst 0480531 Jacob Kwas V0370579 12/31/14 30.00 30.00 ------30.00 30.00
0681730 01/08/15 Outst 0120598 Inger I. Langsholt V0370629 12/31/14 P0034426 689.35 689.35 ------689.35 689.35
0681731 01/08/15 Void 0064980 Lisa L. Larson
0681732 01/08/15 Outst 0266753 Robert G. Lay V0370158 12/22/14 99.12 99.12 ------99.12 99.12
0681733 01/08/15 Outst 0471217 Tuang D. Lian V0370524 12/31/14 25.00 25.00 ------25.00 25.00
0681734 01/08/15 Outst 0289872 Lowe's Home Improvement V0369873 12/15/14 B0007469 20.85 20.85 ------20.85 20.85
0681735 01/08/15 Outst 0289872 Lowe's Home Improvement V0369499 12/09/14 B0007225 50.65 50.65 V0369888 12/16/14 B0007225 383.60 383.60 ------434.25 434.25
0681736 01/08/15 Outst 0289872 Lowe's Home Improvement V0369341 12/05/14 B0007469 12.32 12.32 V0369342 12/05/14 B0007469 35.32 35.32 V0369960 12/17/14 B0007469 16.98 16.98 V0369961 12/17/14 B0007469 77.41 77.41 V0369962 12/17/14 B0007469 33.21 33.21 V0369963 12/17/14 B0007469 23.28 23.28
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 32 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------V0370087 12/18/14 B0007469 75.63 75.63 V0370302 12/22/14 B0007469 30.82 30.82 ------304.97 304.97
0681737 01/08/15 Outst 0481743 Lyric Opera of Chicago V0370813 01/07/15 P0034411 630.00 630.00 ------630.00 630.00
0681738 01/08/15 Outst 0466711 Reyna E. Maldonado V0370498 12/31/14 20.00 20.00 ------20.00 20.00
0681739 01/08/15 Outst 0213526 Joseph G. McGraw V0370121 12/19/14 158.65 158.65 ------158.65 158.65
0681740 01/08/15 Outst 0296941 Meg's Daily Grind V0370104 12/19/14 P0034382 27.29 27.29 V0370900 12/31/14 P0034307 89.00 89.00 ------116.29 116.29
0681741 01/08/15 Outst 0476047 Kee Meh V0370525 12/31/14 15.00 15.00 ------15.00 15.00
0681742 01/08/15 Outst 0476048 Taw Meh V0370526 12/31/14 20.00 20.00 ------20.00 20.00
0681743 01/08/15 Outst 0300457 Midwest Mailworks Inc V0370084 12/18/14 B0007288 70.59 70.59 V0370454 12/31/14 B0007288 74.41 74.41 ------145.00 145.00
0681744 01/08/15 Outst 0292661 Miller Bradford & Risber V0370902 12/31/14 B0007423 30,000.00 30,000.00 V0370903 12/31/14 B0007423 27,000.00- -27,000.00 ------3,000.00 3,000.00
0681745 01/08/15 Outst 0464388 Eirinique Monroe V0370505 12/31/14 25.00 25.00 ------25.00 25.00
0681746 01/08/15 Outst 0480105 Sky Moon V0370503 12/31/14 15.00 15.00 ------15.00 15.00
0681747 01/08/15 Outst 0468673 Kenneth Moreland V0370334 12/31/14 110.00 110.00 ------110.00 110.00
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 33 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------
0681748 01/08/15 Outst 0211515 Mr. Ivan K. Moses V0370120 12/19/14 465.70 465.70 ------465.70 465.70
0681749 01/08/15 Outst 0296954 NACA Office V0370093 12/19/14 P0034371 778.00 778.00 ------778.00 778.00
0681750 01/08/15 Outst 0289879 Napa Auto Parts V0370560 12/31/14 B0007233 24.35 24.35 V0370561 12/31/14 B0007233 15.84 15.84 ------40.19 40.19
0681751 01/08/15 Outst 0292298 New Readers Press V0370936 12/31/14 P0034391 724.00 724.00 ------724.00 724.00
0681752 01/08/15 Outst 0289883 NICOR Gas V0370381 12/31/14 B0007370 859.76 859.76 ------859.76 859.76
0681753 01/08/15 Outst 0289883 NICOR Gas V0370385 12/31/14 B0007370 566.78 566.78 ------566.78 566.78
0681754 01/08/15 Outst 0289883 NICOR Gas V0370402 12/31/14 B0007370 611.56 611.56 ------611.56 611.56
0681755 01/08/15 Outst 0330989 No Joke Inc. V0370767 12/31/14 117.50 117.50 ------117.50 117.50
0681756 01/08/15 Outst 0476942 North American Power Was V0370314 12/23/14 50.00 50.00 ------50.00 50.00
0681757 01/08/15 Outst 0311130 Rich Parsons V0370530 01/06/15 110.00 110.00 ------110.00 110.00
0681758 01/08/15 Outst 0294262 Patterson Dental Supply V0369660 12/10/14 P0034298 49.80 49.80 V0370508 12/31/14 P0034298 32.90- -32.90 ------16.90 16.90
0681759 01/08/15 Outst 0479824 Ms. July Paw V0370527 12/31/14 25.00 25.00 ------25.00 25.00
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 34 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------0681760 01/08/15 Outst 0472559 Pearson VUE V0370935 12/31/14 P0034148 1,750.00 1,750.00 ------1,750.00 1,750.00
0681761 01/08/15 Outst 0388094 Players Edge V0370569 12/31/14 B0007570 1,406.00 1,406.00 V0370570 12/31/14 B0007570 207.90- -207.90 V0370571 12/31/14 B0007570 1,373.26 1,373.26 V0370572 12/31/14 B0007570 970.20- -970.20 ------1,601.16 1,601.16
0681762 01/08/15 Outst 0289925 Postmaster V0370320 12/23/14 B0007357 685.00 685.00 V0370321 12/23/14 B0007357 220.00 220.00 ------905.00 905.00
0681763 01/08/15 Outst 0452539 Skyler Proctor V0370520 12/31/14 30.00 30.00 ------30.00 30.00
0681764 01/08/15 Outst 0446313 Rebekah Provost-Emmons V0370613 12/31/14 61.10 61.10 V0370614 12/31/14 77.17 77.17 ------138.27 138.27
0681765 01/08/15 Outst 0467533 Teemu Pweh V0370528 12/31/14 20.00 20.00 ------20.00 20.00
0681766 01/08/15 Outst 0337215 Todd J. Ramza V0370703 12/31/14 9.50 9.50 ------9.50 9.50
0681767 01/08/15 Outst 0474012 Janeachia Rayford V0370541 12/31/14 15.00 15.00 ------15.00 15.00
0681768 01/08/15 Outst 0479828 Pleh Reh V0370511 12/31/14 20.00 20.00 ------20.00 20.00
0681769 01/08/15 Outst 0427301 Su Reh V0370923 12/31/14 53.03 53.03 ------53.03 53.03
0681770 01/08/15 Outst 0412106 Robert A Longardner V0370289 12/22/14 110.00 110.00 ------110.00 110.00
0681771 01/08/15 Outst 0351387 Rock River Training Corp V0370939 01/08/15 B0007452 20,742.66 20,742.66 ------
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 35 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------20,742.66 20,742.66
0681772 01/08/15 Outst 0294674 Rock River Water Reclama V0370409 12/31/14 B0007402 68.71 68.71 ------68.71 68.71
0681773 01/08/15 Outst 0297813 Rockford Chamber of Comm V0369449 12/08/14 P0034380 750.00 750.00 V0370147 12/19/14 450.00 450.00 ------1,200.00 1,200.00
0681774 01/08/15 Outst 0468044 Safeway Sign Company V0370427 12/31/14 P0034296 105.85 105.85 ------105.85 105.85
0681775 01/08/15 Outst 0289956 Sam's Club Direct V0369666 12/11/14 B0007228 13.77 13.77 V0369931 12/16/14 B0007228 116.93 116.93 ------130.70 130.70
0681776 01/08/15 Outst 0470759 Stephanie Sanchez V0370584 12/31/14 20.00 20.00 ------20.00 20.00
0681777 01/08/15 Outst 0299218 Sesac Inc V0370518 01/06/15 P0034424 770.13 770.13 ------770.13 770.13
0681778 01/08/15 Outst 0302027 Elaine D. Shannon V0370313 01/01/15 915.00 915.00 ------915.00 915.00
0681779 01/08/15 Outst 0468539 Daniel Sumpter V0370499 12/31/14 25.00 25.00 ------25.00 25.00
0681780 01/08/15 Outst 0453787 David Sumpter V0370501 12/31/14 30.00 30.00 ------30.00 30.00
0681781 01/08/15 Outst 0139548 Sheryl A. Swanson V0370180 12/22/14 149.00 149.00 ------149.00 149.00
0681782 01/08/15 Outst 0482549 John Szafraniec V0370566 01/06/15 110.00 110.00 ------110.00 110.00
0681783 01/08/15 Outst 0325861 T Shirtz Etc V0370088 12/19/14 P0034408 205.00 205.00 ------205.00 205.00
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 36 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------
0681784 01/08/15 Outst 0479830 Ms. Aaliyah Talford V0370542 12/31/14 20.00 20.00 ------20.00 20.00
0681785 01/08/15 Outst 0467534 Bu S. Thaw V0370512 12/31/14 15.00 15.00 ------15.00 15.00
0681786 01/08/15 Outst 0476167 Margaret Thu V0370514 12/31/14 15.00 15.00 ------15.00 15.00
0681787 01/08/15 Outst 0379773 Scott Tierney V0370338 12/31/14 110.00 110.00 ------110.00 110.00
0681788 01/08/15 Outst 0480535 Matt Torman V0370089 12/19/14 45.00 45.00 ------45.00 45.00
0681789 01/08/15 Outst 0379131 UniCarriers Americas Cor V0370397 12/31/14 P0034161 2,070.00 2,070.00 ------2,070.00 2,070.00
0681790 01/08/15 Outst 0360128 Uniform Den East, Inc. V0370152 12/22/14 B0007453 482.61 482.61 ------482.61 482.61
0681791 01/08/15 Outst 0374779 University of Wisconsin V0370324 01/01/15 44.00 44.00 ------44.00 44.00
0681792 01/08/15 Outst 0286444 Verizon Wireless V0370351 12/31/14 B0007432 1,327.65 1,327.65 ------1,327.65 1,327.65
0681793 01/08/15 Outst 0469199 Paige Wagner V0370504 12/31/14 55.00 55.00 ------55.00 55.00
0681794 01/08/15 Outst 0366311 Darryl C. Watkins V0370596 12/31/14 84.00 84.00 ------84.00 84.00
0681795 01/08/15 Outst 0366311 Darryl C. Watkins V0370598 12/31/14 56.00 56.00 ------56.00 56.00
0681796 01/08/15 Outst 0366311 Darryl C. Watkins V0370600 12/31/14 84.00 84.00 ------
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 37 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------84.00 84.00
0681797 01/08/15 Outst 0480103 Devin Welton V0370502 12/31/14 30.00 30.00 ------30.00 30.00
0681798 01/08/15 Outst 0304446 WIFR-TV23 V0369620 12/10/14 B0007601 7,155.00 7,155.00 V0369621 12/10/14 B0007601 1,000.00 1,000.00 V0369623 12/10/14 B0007601 1,000.00 1,000.00 ------9,155.00 9,155.00
0681799 01/08/15 Outst 0474015 Anthony Williams V0370543 12/31/14 20.00 20.00 ------20.00 20.00
0681800 01/08/15 Outst 0472029 Anna Wilson V0370545 12/31/14 10.00 10.00 ------10.00 10.00
0681801 01/08/15 Outst 0303210 Womanspace, Inc. V0370592 12/31/14 196.00 196.00 ------196.00 196.00
0681802 01/08/15 Outst 0295554 Xerox Corporation V0370537 12/31/14 B0007431 10,475.89 10,475.89 ------10,475.89 10,475.89
0681803 01/15/15 Outst 0210010 Tavis Allen Alfredson V0365756 10/10/14 81.50 81.50 ------81.50 81.50
0681804 01/15/15 Outst 0480018 Michael Allen V0371260 01/14/15 300.00 300.00 ------300.00 300.00
0681805 01/15/15 Outst 0353821 Apple Store V0370594 01/07/15 P0034356 1,358.00 1,358.00 ------1,358.00 1,358.00
0681806 01/15/15 Outst 0347552 Avis Rent a Car System I V0371228 01/14/15 P0034135 1,759.37 1,759.37 V0371229 01/14/15 P0034135 1,722.81 1,722.81 ------3,482.18 3,482.18
0681807 01/15/15 Void 0332678 B & R Bleachers
0681808 01/15/15 Outst 0333919 The Bank of New York V0371201 01/14/15 750.00 750.00 ------750.00 750.00
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 38 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------0681809 01/15/15 Outst 0426369 Monique C. Bennett V0371095 01/12/15 20.00 20.00 ------20.00 20.00
0681810 01/15/15 Outst 0479214 Ashley N. Benson V0371261 01/14/15 75.00 75.00 ------75.00 75.00
0681811 01/15/15 Outst 0277967 Berg Industries Inc V0371152 01/13/15 P0034440 245.00 245.00 ------245.00 245.00
0681812 01/15/15 Outst 0289523 Bobcat of Rockford Inc V0370284 12/22/14 P0034432 418.00 418.00 ------418.00 418.00
0681813 01/15/15 Outst 0289600 BP V0370415 12/30/14 B0007426 24.88 24.88 ------24.88 24.88
0681814 01/15/15 Outst 0299659 Broadcast Music Inc V0371276 01/14/15 P0034421 2,130.93 2,130.93 ------2,130.93 2,130.93
0681815 01/15/15 Outst 0473749 Nathaniel Burton V0364196 09/22/14 5.00 5.00 ------5.00 5.00
0681816 01/15/15 Outst 0471807 BVR V0371284 01/15/15 329.00 329.00 ------329.00 329.00
0681817 01/15/15 Outst 0469414 C & E Specialties V0370129 12/19/14 242.50 242.50 ------242.50 242.50
0681818 01/15/15 Outst 0381016 Chicago Historical Socie V0371259 01/14/15 P0034087 720.00 720.00 ------720.00 720.00
0681819 01/15/15 Outst 0480538 CIT Group Inc. V0371173 01/13/15 B0007607 4.64 4.64 ------4.64 4.64
0681820 01/15/15 Outst 0422470 Coronado Performing Arts V0371182 01/13/15 P0034455 4,928.00 4,928.00 ------4,928.00 4,928.00
0681821 01/15/15 Outst 0297981 Corpro Screentech Inc V0370549 12/30/14 B0007492 490.00 490.00 ------490.00 490.00
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 39 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------
0681822 01/15/15 Outst 0479159 Michael Credit V0370300 01/01/15 115.00 115.00 ------115.00 115.00
0681823 01/15/15 Outst 0298033 Curriculum Publications V0370894 01/07/15 P0034390 220.00 220.00 ------220.00 220.00
0681824 01/15/15 Outst 0201666 Andrew B. Dolan V0371186 01/13/15 1,000.00 1,000.00 ------1,000.00 1,000.00
0681825 01/15/15 Outst 0474240 Matthew D. Fleming V0371096 01/12/15 20.00 20.00 ------20.00 20.00
0681826 01/15/15 Outst 0421257 Frontier Communications V0370583 12/30/14 B0007394 710.49 710.49 ------710.49 710.49
0681827 01/15/15 Outst 0475164 Avianna M. Garcia V0371249 01/14/15 75.00 75.00 ------75.00 75.00
0681828 01/15/15 Outst 0382984 Garda CL Great Lakes Inc V0370586 01/06/15 B0007456 102.40 102.40 ------102.40 102.40
0681829 01/15/15 Outst 0423005 Gray Manufacturing Co., V0371294 01/15/15 P0034315 1,447.00 1,447.00 ------1,447.00 1,447.00
0681830 01/15/15 Outst 0289732 Gymnastics Academy of Ro V0371094 01/13/15 P0034452 125.50 125.50 ------125.50 125.50
0681831 01/15/15 Outst 0084935 Robert J. Hayes V0370907 12/31/14 82.45 82.45 ------82.45 82.45
0681832 01/15/15 Outst 0473879 Jahnai R. Hempstead V0371252 01/14/15 75.00 75.00 ------75.00 75.00
0681833 01/15/15 Outst 0001471 Highland Athletics V0371029 01/09/15 325.00 325.00 ------325.00 325.00
0681834 01/15/15 Outst 0262590 Helen Hill Communication V0370974 12/31/14 P0034389 4,000.00 4,000.00 ------
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 40 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------4,000.00 4,000.00
0681835 01/15/15 Outst 0407302 Hilton Chicago/Indian La V0369685 01/01/15 332.64 332.64 ------332.64 332.64
0681836 01/15/15 Outst 0346487 Houchen Bindery, Ltd. V0371270 01/14/15 B0007246 238.20 238.20 ------238.20 238.20
0681837 01/15/15 Outst 0479691 Trevor Huntoon V0371256 01/14/15 130.00 130.00 ------130.00 130.00
0681838 01/15/15 Outst 0481186 The Jack House, LLC V0370550 01/06/15 P0034361 960.00 960.00 ------960.00 960.00
0681839 01/15/15 Outst 0471083 Juvenal James V0371230 01/14/15 50.00 50.00 ------50.00 50.00
0681840 01/15/15 Outst 0330681 Kelso Burnett V0370469 12/31/14 B0007303 121,455.00 121,455.00 V0370959 12/31/14 B0007303 13,495.00 13,495.00 ------134,950.00 134,950.00
0681841 01/15/15 Outst 0459582 KMBS U.S.A., Inc. V0370521 12/31/14 B0007406 1.60 1.60 ------1.60 1.60
0681842 01/15/15 Outst 0479259 Deidra M. Knox V0371248 01/14/15 75.00 75.00 ------75.00 75.00
0681843 01/15/15 Outst 0482759 John T. Kruswicki V0371068 01/12/15 115.00 115.00 ------115.00 115.00
0681844 01/15/15 Outst 0066369 Chad M. Lincoln V0370961 01/09/15 150.00 150.00 ------150.00 150.00
0681845 01/15/15 Outst 0041548 Thomas Lombardo V0371254 01/14/15 59.36 59.36 ------59.36 59.36
0681846 01/15/15 Outst 0289869 Lou Bachrodt Automall V0371041 01/12/15 B0007476 196.92 196.92 ------196.92 196.92
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 41 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------0681847 01/15/15 Outst 0482589 Derrick McCullough V0370821 01/07/15 115.00 115.00 ------115.00 115.00
0681848 01/15/15 Outst 0480457 Stacey D. McDonald V0371100 01/13/15 180.00 180.00 ------180.00 180.00
0681849 01/15/15 Outst 0289879 Napa Auto Parts V0370949 12/31/14 B0007511 140.82 140.82 V0370950 12/31/14 B0007511 30.67 30.67 ------171.49 171.49
0681850 01/15/15 Outst 0471996 Balqis Ali V0353918 05/12/14 40.00 40.00 ------40.00 40.00
0681851 01/15/15 Outst 0352432 Netrix, LLC V0371257 01/14/15 B0007501 2,103.49 2,103.49 ------2,103.49 2,103.49
0681852 01/15/15 Outst 0289883 NICOR Gas V0370395 12/31/14 B0007370 597.13 597.13 ------597.13 597.13
0681853 01/15/15 Outst 0289883 NICOR Gas V0370401 12/31/14 B0007370 377.74 377.74 ------377.74 377.74
0681854 01/15/15 Outst 0289883 NICOR Gas V0370404 12/31/14 B0007370 1,028.77 1,028.77 ------1,028.77 1,028.77
0681855 01/15/15 Outst 0289883 NICOR Gas V0371059 01/12/15 B0007370 813.27 813.27 ------813.27 813.27
0681856 01/15/15 Outst 0289883 NICOR Gas V0371060 01/12/15 B0007370 881.08 881.08 ------881.08 881.08
0681857 01/15/15 Outst 0482460 Northern IL Concrete Lif V0371093 01/13/15 P0034441 1,500.00 1,500.00 ------1,500.00 1,500.00
0681858 01/15/15 Outst 0454464 Lionel Nzamba V0370994 12/31/14 88.20 88.20 ------88.20 88.20
0681859 01/15/15 Outst 0294262 Patterson Dental Supply V0371089 01/13/15 P0034298 22.90 22.90 ------
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 42 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------22.90 22.90
0681860 01/15/15 Outst 0477044 Personality Resources In V0371099 01/13/15 P0034459 700.00 700.00 ------700.00 700.00
0681861 01/15/15 Outst 0480007 Ashley N. Phillips V0371247 01/14/15 75.00 75.00 ------75.00 75.00
0681862 01/15/15 Outst 0292285 Physicians Immediate Car V0371020 12/31/14 B0007316 62.00 62.00 V0371021 12/31/14 B0007316 105.00 105.00 V0371030 01/09/15 B0007321 45.00 45.00 ------212.00 212.00
0681863 01/15/15 Outst 0289714 R J Daniels Fuel & Tire V0370386 12/31/14 B0007387 546.00 546.00 V0370392 12/31/14 B0007387 212.00 212.00 V0371048 01/12/15 B0007387 378.54 378.54 ------1,136.54 1,136.54
0681864 01/15/15 Outst 0297813 Rockford Chamber of Comm V0371072 01/12/15 550.00 550.00 ------550.00 550.00
0681865 01/15/15 Outst 0273068 Rockford Health System - V0371086 01/13/15 P0034443 3,850.00 3,850.00 ------3,850.00 3,850.00
0681866 01/15/15 Outst 0273068 Rockford Health System R V0371085 01/13/15 P0034443 2,000.00 2,000.00 ------2,000.00 2,000.00
0681867 01/15/15 Outst 0290029 Rockford Mass Transit Di V0371210 01/14/15 330.00 330.00 ------330.00 330.00
0681868 01/15/15 Outst 0482762 Jeffrey Rutledge V0371069 01/12/15 115.00 115.00 ------115.00 115.00
0681869 01/15/15 Outst 0289956 Sam's Club V0369759 12/12/14 B0007477 33.14 33.14 ------33.14 33.14
0681870 01/15/15 Outst 0289956 Sam's Club V0370567 01/06/15 B0007575 196.25 196.25 ------196.25 196.25
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 43 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------0681871 01/15/15 Outst 0317741 Kathy A. Schwartz V0370972 12/31/14 17.36 17.36 ------17.36 17.36
0681872 01/15/15 Outst 0468856 Lamorris Scott V0364502 01/08/15 115.00 115.00 ------115.00 115.00
0681873 01/15/15 Outst 0482768 Davonte D. Smith V0371071 01/12/15 50.00 50.00 ------50.00 50.00
0681874 01/15/15 Outst 0424170 Mike Snodgrass V0370963 01/09/15 115.00 115.00 ------115.00 115.00
0681875 01/15/15 Outst 0280056 John C. Stassi V0371003 12/31/14 7.84 7.84 ------7.84 7.84
0681876 01/15/15 Outst 0325861 T Shirtz Etc V0370348 01/05/15 P0034425 145.50 145.50 ------145.50 145.50
0681877 01/15/15 Outst 0480894 Tenstreet, LLC V0370347 01/05/15 P0034309 250.00 250.00 ------250.00 250.00
0681878 01/15/15 Outst 0327433 Terracon Consultants Inc V0371084 01/13/15 P0034442 6,000.00 6,000.00 ------6,000.00 6,000.00
0681879 01/15/15 Outst 0334480 Justin D. Thompson V0371255 01/14/15 112.22 112.22 ------112.22 112.22
0681880 01/15/15 Outst 0482764 Thomas Turckes V0371070 01/12/15 115.00 115.00 ------115.00 115.00
0681881 01/15/15 Outst 0321708 U.S. Bank V0371047 01/12/15 450.00 450.00 ------450.00 450.00
0681882 01/15/15 Outst 0302113 University of Illinois V0371091 01/13/15 P0034456 2,016.00 2,016.00 ------2,016.00 2,016.00
0681883 01/15/15 Outst 0361384 Vetterli Tower Service L V0371088 01/13/15 P0034447 375.00 375.00 ------375.00 375.00
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 44 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------
0681884 01/15/15 Outst 0476229 Dermiko Villarreal V0371050 01/12/15 75.00 75.00 ------75.00 75.00
0681885 01/15/15 Outst 0482883 Welch Bros. Belvidere, I V0371290 01/15/15 121.00 121.00 ------121.00 121.00
0681886 01/15/15 Outst 0475718 Alyssa A. Westhoff V0371292 01/15/15 300.00 300.00 ------300.00 300.00
0681887 01/15/15 Outst 0107168 Eric D. Wilson V0370992 12/31/14 98.50 98.50 ------98.50 98.50
0681888 01/15/15 Outst 0277636 WinGIS V0371024 12/31/14 P0034428 3,399.00 3,399.00 ------3,399.00 3,399.00
0681889 01/15/15 Outst 0368573 Angela M. Yerk V0365810 09/30/14 9.52 9.52 ------9.52 9.52
0681890 01/15/15 Outst 0287693 American Funds Service C V0371126 01/15/15 6,501.93 6,501.93 ------6,501.93 6,501.93
0681891 01/15/15 Outst 0287700 Horace Mann Life Insuran V0371131 01/15/15 2,281.33 2,281.33 ------2,281.33 2,281.33
0681892 01/15/15 Outst 0308253 IL Federation of Teacher V0371127 01/15/15 5,327.40 5,327.40 ------5,327.40 5,327.40
0681893 01/15/15 Outst 0309574 IL Fraternal Order V0371128 01/15/15 215.00 215.00 ------215.00 215.00
0681894 01/15/15 Outst 0287706 Mass Mutual Payment Serv V0371132 01/15/15 350.00 350.00 ------350.00 350.00
0681895 01/15/15 Outst 0287687 RVC Foundation V0371129 01/15/15 850.00 850.00 ------850.00 850.00
0681896 01/15/15 Outst 0287688 State Universities Retir V0371133 01/15/15 4,735.42 4,735.42
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 45 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------V0371134 01/15/15 10,877.70 10,877.70 V0371135 01/15/15 71.42 71.42 V0371136 01/15/15 210.86 210.86 V0371137 01/15/15 3,421.61 3,421.61 V0371138 01/15/15 86,487.29 86,487.29 ------105,804.30 105,804.30
0681897 01/15/15 Outst 0287719 TIAA-CREF V0371139 01/15/15 2,935.84 2,935.84 ------2,935.84 2,935.84
0681898 01/15/15 Outst 0287689 United Way - Rock River V0371140 01/15/15 227.41 227.41 ------227.41 227.41
0681899 01/15/15 Outst 0287722 Vanguard Group V0371142 01/15/15 7,283.32 7,283.32 ------7,283.32 7,283.32
0681900 01/15/15 Outst 0287723 Variable Annuity Life In V0371125 01/15/15 8,623.66 8,623.66 V0371141 01/15/15 8,382.83 8,382.83 ------17,006.49 17,006.49
0681901 01/15/15 Outst 0356241 Weight Watchers N.A. V0371143 01/15/15 195.00 195.00 ------195.00 195.00
0681902 01/15/15 Outst 0368831 Freedman Anselmo Lindber V0371318 01/15/15 192.57 192.57 ------192.57 192.57
0681903 01/15/15 Outst 0421763 INSCCU V0371311 01/15/15 416.00 416.00 ------416.00 416.00
0681904 01/15/15 Outst 0401842 MDHE V0371315 01/15/15 289.13 289.13 ------289.13 289.13
0681905 01/15/15 Outst 0290182 State Disbursement Unit V0371313 01/15/15 713.92 713.92 ------713.92 713.92
0681906 01/15/15 Outst 0422427 United Student Aid Funds V0371317 01/15/15 192.75 192.75 ------192.75 192.75
0681907 01/22/15 Outst 0289527 A T & T V0371262 01/14/15 B0007391 1,676.33 1,676.33 ------
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 46 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------1,676.33 1,676.33
0681908 01/22/15 Outst 0289527 A T & T V0371263 01/14/15 B0007391 1,265.76 1,265.76 ------1,265.76 1,265.76
0681909 01/22/15 Outst 0289527 A T & T V0371367 01/16/15 B0007391 315.61 315.61 ------315.61 315.61
0681910 01/22/15 Outst 0289527 A T & T V0371368 01/16/15 B0007391 31.94 31.94 ------31.94 31.94
0681911 01/22/15 Outst 0289527 A T & T V0371531 01/20/15 B0007391 121.50 121.50 ------121.50 121.50
0681912 01/22/15 Outst 0388976 Acument Global Technolog V0371349 01/16/15 P0034465 1,365.00 1,365.00 ------1,365.00 1,365.00
0681913 01/22/15 Outst 0322856 American Chemical Societ V0371695 01/22/15 206.00 206.00 ------206.00 206.00
0681914 01/22/15 Outst 0323343 American Payroll Associa V0371379 01/16/15 219.00 219.00 ------219.00 219.00
0681915 01/22/15 Outst 0370217 Angelic Organics Learnin V0371346 01/16/15 P0034446 1,114.50 1,114.50 ------1,114.50 1,114.50
0681916 01/22/15 Outst 0371888 ATI Assessment Technolog V0371148 01/13/15 B0007336 2,692.50 2,692.50 V0371149 01/13/15 B0007336 90.00 90.00 V0371330 01/15/15 B0007336 1,668.26 1,668.26 ------4,450.76 4,450.76
0681917 01/22/15 Outst 0301199 Aviall Services Inc V0371590 01/21/15 P0034397 99.64 99.64 V0371592 01/21/15 P0034397 57.86 57.86 ------157.50 157.50
0681918 01/22/15 Outst 0347552 Avis Rent a Car System I V0371407 01/20/15 P0034481 208.82 208.82 V0371408 01/20/15 P0034481 183.00 183.00 ------391.82 391.82
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 47 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------0681919 01/22/15 Outst 0165900 Reginald L. Baldwin V0371679 01/21/15 125.00 125.00 ------125.00 125.00
0681920 01/22/15 Outst 0478612 BLDD Architects, Inc. V0371664 01/21/15 B0007518 143,485.51 143,485.51 ------143,485.51 143,485.51
0681921 01/22/15 Outst 0454827 Debra A. Booton V0371327 01/15/15 199.10 199.10 ------199.10 199.10
0681922 01/22/15 Outst 0377849 Paul Carey V0371697 01/22/15 125.00 125.00 ------125.00 125.00
0681923 01/22/15 Outst 0470766 Itziari Cazares V0371411 01/20/15 20.00 20.00 ------20.00 20.00
0681924 01/22/15 Outst 0289674 City of Rockford V0371417 01/20/15 B0007365 428.10 428.10 ------428.10 428.10
0681925 01/22/15 Outst 0289674 City of Rockford V0371419 01/20/15 B0007365 179.79 179.79 ------179.79 179.79
0681926 01/22/15 Outst 0289674 City of Rockford V0371420 01/20/15 B0007365 273.06 273.06 ------273.06 273.06
0681927 01/22/15 Outst 0289674 City of Rockford V0371422 01/20/15 B0007365 174.62 174.62 ------174.62 174.62
0681928 01/22/15 Outst 0289674 City of Rockford V0371423 01/20/15 B0007365 104.74 104.74 ------104.74 104.74
0681929 01/22/15 Outst 0289674 City of Rockford V0371425 01/20/15 B0007365 64.60 64.60 ------64.60 64.60
0681930 01/22/15 Outst 0289674 City of Rockford V0371426 01/20/15 B0007365 352.49 352.49 ------352.49 352.49
0681931 01/22/15 Outst 0289674 City of Rockford V0371427 01/20/15 B0007365 8.66 8.66 ------8.66 8.66
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 48 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------
0681932 01/22/15 Outst 0289674 City of Rockford V0371428 01/20/15 B0007365 74.95 74.95 ------74.95 74.95
0681933 01/22/15 Outst 0289674 City of Rockford V0371430 01/20/15 B0007365 114.98 114.98 ------114.98 114.98
0681934 01/22/15 Outst 0289674 City of Rockford V0371431 01/20/15 B0007365 331.59 331.59 ------331.59 331.59
0681935 01/22/15 Outst 0289674 City of Rockford V0371432 01/20/15 B0007365 65.00 65.00 ------65.00 65.00
0681936 01/22/15 Outst 0289674 City of Rockford V0371433 01/20/15 B0007365 35.69 35.69 ------35.69 35.69
0681937 01/22/15 Outst 0289674 City of Rockford V0371434 01/20/15 B0007365 193.31 193.31 ------193.31 193.31
0681938 01/22/15 Outst 0289674 City of Rockford V0371437 01/20/15 B0007365 195.68 195.68 ------195.68 195.68
0681939 01/22/15 Outst 0289674 City of Rockford V0371440 01/20/15 B0007365 65.00 65.00 ------65.00 65.00
0681940 01/22/15 Outst 0289674 City of Rockford V0371443 01/20/15 B0007365 109.50 109.50 ------109.50 109.50
0681941 01/22/15 Outst 0289674 City of Rockford V0371447 01/20/15 B0007365 497.07 497.07 ------497.07 497.07
0681942 01/22/15 Outst 0289674 City of Rockford V0371450 01/20/15 B0007365 104.74 104.74 ------104.74 104.74
0681943 01/22/15 Outst 0289674 City of Rockford V0371453 01/20/15 B0007365 22.50 22.50 ------22.50 22.50
0681944 01/22/15 Outst 0289674 City of Rockford V0371456 01/20/15 B0007365 61.37 61.37 ------
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 49 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------61.37 61.37
0681945 01/22/15 Outst 0289674 City of Rockford V0371457 01/20/15 B0007365 65.00 65.00 ------65.00 65.00
0681946 01/22/15 Outst 0289674 City of Rockford V0371461 01/20/15 B0007365 114.98 114.98 ------114.98 114.98
0681947 01/22/15 Outst 0289674 City of Rockford V0371465 01/20/15 B0007365 65.00 65.00 ------65.00 65.00
0681948 01/22/15 Outst 0289674 City of Rockford V0371468 01/20/15 B0007365 114.98 114.98 ------114.98 114.98
0681949 01/22/15 Outst 0289674 City of Rockford V0371471 01/20/15 B0007365 114.98 114.98 ------114.98 114.98
0681950 01/22/15 Outst 0289674 City of Rockford V0371472 01/20/15 B0007365 29.17 29.17 ------29.17 29.17
0681951 01/22/15 Outst 0289674 City of Rockford V0371475 01/20/15 B0007365 310.68 310.68 ------310.68 310.68
0681952 01/22/15 Outst 0441506 College Media Associatio V0371524 01/20/15 55.00 55.00 ------55.00 55.00
0681953 01/22/15 Outst 0332678 Corvus Industries, Ltd. V0370403 12/30/14 B0007385 9,500.00 9,500.00 ------9,500.00 9,500.00
0681954 01/22/15 Outst 0480906 Savanah Crabtree V0371521 01/20/15 20.00 20.00 ------20.00 20.00
0681955 01/22/15 Outst 0380405 Delta Sigma Theta Sorori V0371698 01/22/15 P0034469 450.00 450.00 ------450.00 450.00
0681956 01/22/15 Outst 0455884 Electronic Musician V0371700 01/22/15 20.00 20.00 ------20.00 20.00
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 50 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------0681957 01/22/15 Outst 0407945 Eta International V0371335 01/16/15 P0034306 191.00 191.00 ------191.00 191.00
0681958 01/22/15 Outst 0469060 Exclusive Pro Sports Ltd V0371671 01/21/15 P0034508 205.00 205.00 ------205.00 205.00
0681959 01/22/15 Outst 0384421 Famous Dave's V0371527 01/20/15 P0034483 242.77 242.77 ------242.77 242.77
0681960 01/22/15 Outst 0002557 Erin M. Fisher V0371326 01/15/15 50.00 50.00 ------50.00 50.00
0681961 01/22/15 Outst 0382984 Garda CL Great Lakes Inc V0371390 01/16/15 B0007456 78.00 78.00 ------78.00 78.00
0681962 01/22/15 Outst 0310428 Gleason Cutting Tools V0371354 01/16/15 P0034466 1,790.00 1,790.00 ------1,790.00 1,790.00
0681963 01/22/15 Outst 0289724 Grainger V0371075 01/13/15 B0007606 39.54 39.54 ------39.54 39.54
0681964 01/22/15 Outst 0452470 Iris B. Hale V0371343 01/16/15 9.52 9.52 ------9.52 9.52
0681965 01/22/15 Outst 0297299 IEEE Reg 1-6 V0371704 01/22/15 194.00 194.00 ------194.00 194.00
0681966 01/22/15 Outst 0302769 IMACC V0371672 01/21/15 P0034509 2,070.00 2,070.00 ------2,070.00 2,070.00
0681967 01/22/15 Outst 0435914 Jorson & Carlson, Inc V0371275 01/14/15 B0007269 92.50 92.50 ------92.50 92.50
0681968 01/22/15 Outst 0169304 Beth A. Kinch V0371332 01/15/15 150.00 150.00 ------150.00 150.00
0681969 01/22/15 Outst 0064980 Lisa L. Larson V0370085 12/18/14 12.24 12.24 ------12.24 12.24
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 51 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------
0681970 01/22/15 Outst 0001513 Lincoln Trail College V0371396 01/16/15 5.00 5.00 ------5.00 5.00
0681971 01/22/15 Outst 0478198 LittleBits Electronics V0371363 01/16/15 P0033800 2,996.25 2,996.25 ------2,996.25 2,996.25
0681972 01/22/15 Outst 0289869 Lou Bachrodt Automall V0371373 01/16/15 B0007476 243.25 243.25 ------243.25 243.25
0681973 01/22/15 Outst 0472743 Maureen A. Lowry-Fritz V0371690 01/21/15 32.86 32.86 ------32.86 32.86
0681974 01/22/15 Outst 0472743 Maureen A. Lowry-Fritz V0371691 01/21/15 123.66 123.66 ------123.66 123.66
0681975 01/22/15 Outst 0459796 Kevin J. Melecio V0371403 01/16/15 20.00 20.00 ------20.00 20.00
0681976 01/22/15 Outst 0466773 Mid States Production V0371355 01/16/15 P0034467 4,750.00 4,750.00 ------4,750.00 4,750.00
0681977 01/22/15 Outst 0480122 Kristen M. Miller V0371321 01/15/15 16.23 16.23 ------16.23 16.23
0681978 01/22/15 Outst 0467756 Lynell Mitchell V0371506 01/20/15 115.00 115.00 ------115.00 115.00
0681979 01/22/15 Outst 0289883 NICOR Gas V0371061 01/12/15 B0007370 2,238.41 2,238.41 ------2,238.41 2,238.41
0681980 01/22/15 Outst 0298818 NIATM V0371543 01/21/15 20.00 20.00 ------20.00 20.00
0681981 01/22/15 Outst 0369266 Northern IL Workforce Al V0371678 01/21/15 P0034512 309.00 309.00 ------309.00 309.00
0681982 01/22/15 Outst 0466846 Ron Olesiak, Jr. V0371507 01/20/15 115.00 115.00 ------
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 52 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------115.00 115.00
0681983 01/22/15 Outst 0209938 John W. Oller, JR V0371377 01/16/15 B0007566 2,160.00 2,160.00 ------2,160.00 2,160.00
0681984 01/22/15 Outst 0296528 Our Savior's Lutheran Ch V0371359 01/16/15 P0034412 265.00 265.00 ------265.00 265.00
0681985 01/22/15 Void 0294203 Papa Johns Pizza
0681986 01/22/15 Outst 0311130 Rich Parsons V0371505 01/20/15 115.00 115.00 ------115.00 115.00
0681987 01/22/15 Outst 0298547 Phi Theta Kappa V0371347 01/16/15 P0034462 180.00 180.00 V0371348 01/16/15 P0034462 60.00 60.00 ------240.00 240.00
0681988 01/22/15 Outst 0300932 Rock River Ford V0371073 01/12/15 B0007466 404.80 404.80 ------404.80 404.80
0681989 01/22/15 Outst 0294674 Rock River Water Reclama V0371699 01/22/15 B0007402 1,122.44 1,122.44 ------1,122.44 1,122.44
0681990 01/22/15 Outst 0270686 Rockford Art Museum V0371066 01/12/15 P0034470 1,113.40 1,113.40 ------1,113.40 1,113.40
0681991 01/22/15 Outst 0422533 Rkfd East CherryValley R V0371338 01/16/15 140.00 140.00 ------140.00 140.00
0681992 01/22/15 Outst 0287128 Rockford MELD V0371533 01/20/15 700.00 700.00 ------700.00 700.00
0681993 01/22/15 Outst 0321024 Mr. Benjamin R. Rushing V0371536 01/20/15 18.41 18.41 ------18.41 18.41
0681994 01/22/15 Outst 0059339 Diane R. Samsel V0371618 01/21/15 331.00 331.00 ------331.00 331.00
0681995 01/22/15 Outst 0409628 Aaron E. Schmoldt V0371395 01/16/15 50.00 50.00 ------
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 53 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------50.00 50.00
0681996 01/22/15 Outst 0295189 Sjostrom & Sons Inc V0371655 01/21/15 B0007609 48,110.17 48,110.17 ------48,110.17 48,110.17
0681997 01/22/15 Outst 0411609 Peter Smok V0367400 01/22/15 115.00 115.00 ------115.00 115.00
0681998 01/22/15 Outst 0461618 Alexander W. Spielman V0371336 01/16/15 65.85 65.85 ------65.85 65.85
0681999 01/22/15 Outst 0309479 Superior Joining Technol V0371295 01/15/15 P0034468 2,762.50 2,762.50 ------2,762.50 2,762.50
0682000 01/22/15 Outst 0412217 Thrive Market Intelligen V0371630 01/21/15 B0007299 300.00 300.00 ------300.00 300.00
0682001 01/22/15 Outst 0360128 Uniform Den East, Inc. V0371625 01/21/15 P0034314 225.00 225.00 ------225.00 225.00
0682002 01/22/15 Outst 0462863 Unlimited Services V0371656 01/21/15 P0034492 6,462.50 6,462.50 ------6,462.50 6,462.50
0682003 01/22/15 Outst 0427890 Chuck Valle V0364179 01/15/15 115.00 115.00 ------115.00 115.00
0682004 01/22/15 Outst 0206780 Amanda L. Virzi V0371687 01/21/15 61.61 61.61 ------61.61 61.61
0682005 01/22/15 Outst 0057696 Rachel Walk-Hofmann V0371334 01/15/15 150.00 150.00 ------150.00 150.00
0682006 01/22/15 Outst 0366311 Darryl C. Watkins V0371532 01/20/15 38.60 38.60 ------38.60 38.60
0682007 01/22/15 Outst 0475718 Alyssa A. Westhoff V0371393 01/16/15 20.00 20.00 ------20.00 20.00
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 54 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------0682008 01/22/15 Outst 0294203 Papa Johns Pizza V0371658 01/21/15 P0034501 28.05 28.05 V0371659 01/21/15 P0034501 28.05 28.05 V0371660 01/21/15 P0034501 93.50 93.50 V0371661 01/21/15 P0034501 93.50 93.50 V0371662 01/21/15 P0034501 46.75 46.75 V0371663 01/21/15 P0034501 46.75 46.75 V0371670 01/21/15 P0034506 59.49 59.49 ------396.09 396.09
0682009 01/29/15 Outst 0289527 A T & T V0371545 01/21/15 B0007391 61.06 61.06 ------61.06 61.06
0682010 01/29/15 Outst 0300434 ARC/STSA V0372015 01/26/15 P0034548 2,000.00 2,000.00 ------2,000.00 2,000.00
0682011 01/29/15 Outst 0480018 Michael Allen V0372175 01/28/15 20.00 20.00 ------20.00 20.00
0682012 01/29/15 Outst 0479051 Mr. Jorge L. Alvarez, JR V0371812 01/26/15 25.00 25.00 ------25.00 25.00
0682013 01/29/15 Outst 0483333 Matt Andrews V0371825 01/26/15 115.00 115.00 ------115.00 115.00
0682014 01/29/15 Outst 0429845 Mr. Kevin R. Armour V0372018 01/26/15 20.00 20.00 ------20.00 20.00
0682015 01/29/15 Outst 0165900 Reginald L. Baldwin V0371873 01/26/15 125.00 125.00 ------125.00 125.00
0682016 01/29/15 Outst 0440280 Steve Bellmore V0370304 01/01/15 115.00 115.00 ------115.00 115.00
0682017 01/29/15 Outst 0473361 Benjamin Beltran-Samples V0371875 01/26/15 15.00 15.00 ------15.00 15.00
0682018 01/29/15 Outst 0483067 Big Radio V0372037 01/27/15 P0034532 3,000.00 3,000.00 V0372038 01/27/15 P0034532 180.00 180.00 V0372041 01/27/15 P0034532 45.00 45.00 ------3,225.00 3,225.00
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 55 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------
0682019 01/29/15 Outst 0289523 Bobcat of Rockford Inc V0372043 01/27/15 P0034526 214.64 214.64 ------214.64 214.64
0682020 01/29/15 Outst 0445174 Adrian Brooks V0371904 01/26/15 20.00 20.00 ------20.00 20.00
0682021 01/29/15 Outst 0444053 Carlos Campos V0371963 01/26/15 15.00 15.00 ------15.00 15.00
0682022 01/29/15 Outst 0473362 William Capes V0371965 01/26/15 10.00 10.00 ------10.00 10.00
0682023 01/29/15 Outst 0381016 Chicago Historical Socie V0372048 01/27/15 P0034530 762.75 762.75 ------762.75 762.75
0682024 01/29/15 Outst 0289674 City of Rockford V0371711 01/22/15 B0007365 34.40 34.40 ------34.40 34.40
0682025 01/29/15 Outst 0430101 Mr. James E. Clevenz V0372181 01/28/15 20.00 20.00 ------20.00 20.00
0682026 01/29/15 Outst 0001483 College of DuPage V0371712 01/22/15 P0034476 2,930.28 2,930.28 ------2,930.28 2,930.28
0682027 01/29/15 Outst 0289662 Com Ed V0371985 01/26/15 B0007429 271.32 271.32 ------271.32 271.32
0682028 01/29/15 Outst 0384473 Comcast V0371709 01/22/15 B0007388 237.60 237.60 ------237.60 237.60
0682029 01/29/15 Outst 0393111 Timothy Cooper V0370299 01/01/15 115.00 115.00 ------115.00 115.00
0682030 01/29/15 Outst 0289670 Crimson Ridge Florist V0372125 01/27/15 40.00 40.00 ------40.00 40.00
0682031 01/29/15 Outst 0464846 Shedrick W. Daniels V0372203 01/29/15 26.95 26.95 ------
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 56 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------26.95 26.95
0682032 01/29/15 Outst 0455262 Carmen Diaz V0371988 01/26/15 20.00 20.00 ------20.00 20.00
0682033 01/29/15 Outst 0387012 Ms. Isabel G. Diaz de Le V0371986 01/26/15 430.00 430.00 ------430.00 430.00
0682034 01/29/15 Outst 0455266 Ed Draper V0371991 01/26/15 115.00 115.00 ------115.00 115.00
0682035 01/29/15 Outst 0109563 Catherine E. Ellis V0372179 01/28/15 225.00 225.00 ------225.00 225.00
0682036 01/29/15 Outst 0289880 Exxon Mobil V0371703 01/22/15 B0007367 1,124.72 1,124.72 V0372055 01/27/15 B0007448 1,008.24 1,008.24 ------2,132.96 2,132.96
0682037 01/29/15 Outst 0301947 Fortune V0371993 01/26/15 10.00 10.00 ------10.00 10.00
0682038 01/29/15 Outst 0418282 Golfsmith Golf Center V0372014 01/26/15 P0034531 240.74 240.74 ------240.74 240.74
0682039 01/29/15 Outst 0289724 Grainger V0371076 01/13/15 B0007606 33.20 33.20 V0371121 01/13/15 P0034418 780.30 780.30 V0371375 01/16/15 P0034418 2,196.90 2,196.90 V0371376 01/16/15 P0034454 51.54 51.54 V0371832 01/26/15 P0034418 5,729.90 5,729.90 V0371833 01/26/15 P0034418 1,177.20 1,177.20 ------9,969.04 9,969.04
0682040 01/29/15 Outst 0483467 Kenyah L. Grant V0372172 01/28/15 20.00 20.00 ------20.00 20.00
0682041 01/29/15 Outst 0456303 Kirk Grimes V0371831 01/26/15 115.00 115.00 ------115.00 115.00
0682042 01/29/15 Outst 0342283 Kimberly A. Haley V0372121 01/27/15 136.73 136.73 ------136.73 136.73
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 57 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------
0682043 01/29/15 Outst 0342283 Kimberly A. Haley V0372122 01/27/15 79.52 79.52 ------79.52 79.52
0682044 01/29/15 Outst 0342283 Kimberly A. Haley V0372123 01/27/15 97.80 97.80 ------97.80 97.80
0682045 01/29/15 Outst 0342283 Kimberly A. Haley V0372150 01/28/15 18.50 18.50 ------18.50 18.50
0682046 01/29/15 Outst 0403978 Ashley Hammelman V0371792 01/23/15 386.42 386.42 ------386.42 386.42
0682047 01/29/15 Outst 0288872 Joseph E. Haverly V0372205 01/29/15 450.00 450.00 V0372206 01/29/15 300.00 300.00 ------750.00 750.00
0682048 01/29/15 Outst 0280631 Spencer P. Haydary V0371657 01/21/15 P0034499 610.00 610.00 ------610.00 610.00
0682049 01/29/15 Outst 0473879 Jahnai R. Hempstead V0372170 01/28/15 20.00 20.00 ------20.00 20.00
0682050 01/29/15 Outst 0473430 Sydney J. Huber V0372099 01/27/15 300.00 300.00 ------300.00 300.00
0682051 01/29/15 Outst 0300387 Illinois E P A V0371773 01/23/15 235.00 235.00 ------235.00 235.00
0682052 01/29/15 Outst 0347552 Avis Rent a Car System I V0372061 01/27/15 P0034232 226.25 226.25 ------226.25 226.25
0682053 01/29/15 Outst 0117689 Carol L. Jackson V0372100 01/27/15 7.99 7.99 ------7.99 7.99
0682054 01/29/15 Outst 0298024 Kevin King V0366930 01/01/15 115.00 115.00 ------115.00 115.00
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 58 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------0682055 01/29/15 Outst 0479259 Deidra M. Knox V0372094 01/27/15 300.00 300.00 ------300.00 300.00
0682056 01/29/15 Outst 0482585 Christopher J. Koopman V0371884 01/26/15 115.00 115.00 ------115.00 115.00
0682057 01/29/15 Outst 0117865 Jenny L. Kosinski V0371790 01/23/15 230.00 230.00 ------230.00 230.00
0682058 01/29/15 Outst 0113687 Jerry F. LaBuy V0372110 01/27/15 128.24 128.24 ------128.24 128.24
0682059 01/29/15 Outst 0447399 Deirdre I. Lahre V0372189 01/28/15 20.00 20.00 ------20.00 20.00
0682060 01/29/15 Outst 0466443 Kerri A. Langdon V0372176 01/28/15 450.00 450.00 V0372177 01/28/15 450.00 450.00 ------900.00 900.00
0682061 01/29/15 Outst 0317802 Paul A. Laprade V0372207 01/29/15 117.21 117.21 ------117.21 117.21
0682062 01/29/15 Outst 0109062 Cindy J. Meyers V0371995 01/26/15 18.00 18.00 ------18.00 18.00
0682063 01/29/15 Outst 0292661 Miller Bradford & Risber V0370955 01/09/15 B0007423 3,000.00 3,000.00 V0371057 01/12/15 293.45- -293.45 ------2,706.55 2,706.55
0682064 01/29/15 Outst 0323305 Craig A. Morse V0366924 01/01/15 115.00 115.00 ------115.00 115.00
0682065 01/29/15 Outst 0296954 NACA Office V0372016 01/26/15 P0034535 1,404.00 1,404.00 ------1,404.00 1,404.00
0682066 01/29/15 Outst 0289883 NICOR Gas V0372162 01/28/15 B0007370 666.84 666.84 ------666.84 666.84
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 59 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------0682067 01/29/15 Outst 0369266 Northern IL Workforce Al V0372204 01/29/15 309.00 309.00 ------309.00 309.00
0682068 01/29/15 Outst 0480007 Ashley N. Phillips V0372098 01/27/15 50.00 50.00 ------50.00 50.00
0682069 01/29/15 Outst 0296274 Phoenix Learning Group I V0371281 01/15/15 1,000.00 1,000.00 ------1,000.00 1,000.00
0682070 01/29/15 Outst 0292285 Physicians Immediate Car V0371863 01/26/15 204.00 204.00 ------204.00 204.00
0682071 01/29/15 Outst 0293300 Pitney Bowes V0371539 01/20/15 B0007359 2,550.00 2,550.00 ------2,550.00 2,550.00
0682072 01/29/15 Outst 0388094 Players Edge V0371830 01/26/15 B0007570 210.15 210.15 ------210.15 210.15
0682073 01/29/15 Outst 0474003 Damian M. Poole V0372101 01/27/15 20.00 20.00 ------20.00 20.00
0682074 01/29/15 Outst 0298696 R J Bowers Distributors V0371996 01/26/15 291.50 291.50 ------291.50 291.50
0682075 01/29/15 Outst 0476625 Tiffany A. Rahn V0372124 01/27/15 370.00 370.00 ------370.00 370.00
0682076 01/29/15 Outst 0273927 Regional Office of Educa V0371570 01/21/15 B0007524 39.00 39.00 ------39.00 39.00
0682077 01/29/15 Outst 0390408 Reliance Standard Life I V0371945 01/26/15 B0007400 3,328.10 3,328.10 ------3,328.10 3,328.10
0682078 01/29/15 Outst 0350239 Julia A. Rider V0372173 01/28/15 20.00 20.00 V0372212 01/29/15 50.00 50.00 ------70.00 70.00
0682079 01/29/15 Outst 0473546 Shaiteria Robertson-Moor V0372171 01/28/15 20.00 20.00 ------
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 60 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------20.00 20.00
0682080 01/29/15 Outst 0300932 Rock River Ford V0372003 01/26/15 B0007466 212.04 212.04 ------212.04 212.04
0682081 01/29/15 Outst 0297813 Rockford Chamber of Comm V0372196 01/29/15 750.00 750.00 V0372197 01/29/15 450.00 450.00 ------1,200.00 1,200.00
0682082 01/29/15 Outst 0353350 Roma Bakery V0371801 01/26/15 P0034538 59.00 59.00 ------59.00 59.00
0682083 01/29/15 Outst 0289955 Safety - Kleen Systems I V0369767 12/12/14 B0007487 1,096.98 1,096.98 ------1,096.98 1,096.98
0682084 01/29/15 Outst 0289956 Sam's Club Direct V0370652 12/31/14 B0007228 204.20 204.20 V0370673 12/31/14 B0007228 153.76 153.76 V0370688 12/31/14 B0007228 13.97 13.97 V0372008 01/26/15 B0007228 397.96 397.96 ------769.89 769.89
0682085 01/29/15 Outst 0468649 Joshua Schroeder V0371942 01/26/15 115.00 115.00 ------115.00 115.00
0682086 01/29/15 Outst 0437594 Deanna D. Sharkey V0371776 01/23/15 33.48 33.48 ------33.48 33.48
0682087 01/29/15 Outst 0387963 Yiluo Song V0372178 01/28/15 450.00 450.00 ------450.00 450.00
0682088 01/29/15 Outst 0340375 Sunstar Americas, Inc. V0371063 01/12/15 P0034362 48.95 48.95 ------48.95 48.95
0682089 01/29/15 Outst 0407301 SVL Productions V0371781 01/23/15 P0034449 1,010.00 1,010.00 ------1,010.00 1,010.00
0682090 01/29/15 Outst 0325861 T Shirtz Etc V0372063 01/27/15 P0034534 35.00 35.00 V0372064 01/27/15 P0034534 400.00 400.00 V0372066 01/27/15 P0034534 118.00 118.00 V0372067 01/27/15 P0034534 12.00 12.00
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 61 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------V0372068 01/27/15 P0034534 70.00 70.00 ------635.00 635.00
0682091 01/29/15 Outst 0483473 UMB Bank, N.A. V0372185 01/28/15 318.00 318.00 ------318.00 318.00
0682092 01/29/15 Outst 0483473 UMB Bank, N.A. V0372186 01/28/15 530.00 530.00 ------530.00 530.00
0682093 01/29/15 Outst 0360128 Uniform Den East, Inc. V0370290 12/22/14 B0007453 15.00 15.00 V0370405 12/31/14 B0007453 68.85 68.85 V0370430 12/31/14 B0007453 388.08 388.08 ------471.93 471.93
0682094 01/29/15 Outst 0482564 Universal Asbestos Remov V0371788 01/23/15 P0034486 8,700.00 8,700.00 ------8,700.00 8,700.00
0682095 01/29/15 Outst 0286444 Verizon Wireless V0371800 01/23/15 B0007432 1,354.18 1,354.18 ------1,354.18 1,354.18
0682096 01/30/15 Outst 0287693 American Funds Service C V0372132 01/30/15 6,501.93 6,501.93 ------6,501.93 6,501.93
0682097 01/30/15 Outst 0287700 Horace Mann Life Insuran V0372136 01/30/15 2,281.33 2,281.33 ------2,281.33 2,281.33
0682098 01/30/15 Outst 0308253 IL Federation of Teacher V0372133 01/30/15 5,361.55 5,361.55 ------5,361.55 5,361.55
0682099 01/30/15 Outst 0309574 IL Fraternal Order V0372134 01/30/15 215.00 215.00 ------215.00 215.00
0682100 01/30/15 Outst 0287706 Mass Mutual Payment Serv V0372137 01/30/15 350.00 350.00 ------350.00 350.00
0682101 01/30/15 Outst 0287687 RVC Foundation V0372135 01/30/15 853.70 853.70 ------853.70 853.70
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 62 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------0682102 01/30/15 Outst 0287688 State Universities Retir V0371350 01/16/15 63.42 63.42 V0371351 01/16/15 43.33 43.33 V0372138 01/30/15 5,022.66 5,022.66 V0372139 01/30/15 15,886.30 15,886.30 V0372140 01/30/15 71.42 71.42 V0372141 01/30/15 235.17 235.17 V0372142 01/30/15 2,964.65 2,964.65 V0372143 01/30/15 132,264.35 132,264.35 ------156,551.30 156,551.30
0682103 01/30/15 Outst 0287719 TIAA-CREF V0372144 01/30/15 2,935.84 2,935.84 ------2,935.84 2,935.84
0682104 01/30/15 Outst 0287689 United Way - Rock River V0372145 01/30/15 241.71 241.71 ------241.71 241.71
0682105 01/30/15 Outst 0287722 Vanguard Group V0372147 01/30/15 7,283.32 7,283.32 ------7,283.32 7,283.32
0682106 01/30/15 Outst 0287723 Variable Annuity Life In V0372131 01/30/15 8,623.66 8,623.66 V0372146 01/30/15 8,382.83 8,382.83 ------17,006.49 17,006.49
0682107 01/30/15 Outst 0356241 Weight Watchers N.A. V0372148 01/30/15 212.34 212.34 ------212.34 212.34
0682108 01/30/15 Outst 0289527 A T & T V0372273 01/30/15 B0007391 17.54 17.54 ------17.54 17.54
0682109 01/30/15 Outst 0289527 A T & T V0372274 01/30/15 B0007391 225.55 225.55 ------225.55 225.55
0682110 01/30/15 Outst 0289527 A T & T V0372275 01/30/15 B0007391 131.34 131.34 ------131.34 131.34
0682111 01/30/15 Outst 0384473 Comcast V0372282 01/30/15 B0007392 6,450.00 6,450.00 ------6,450.00 6,450.00
0682112 01/30/15 Outst 0384473 Comcast V0372283 01/30/15 B0007388 219.76 219.76 ------219.76 219.76
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 63 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------
0682113 01/30/15 Outst 0384473 Comcast V0372284 01/30/15 B0007388 194.69 194.69 ------194.69 194.69
0682114 01/30/15 Outst 0384473 Comcast V0372285 01/30/15 B0007388 102.85 102.85 ------102.85 102.85
0682115 01/30/15 Outst 0368831 Freedman Anselmo Lindber V0372277 01/30/15 192.57 192.57 ------192.57 192.57
0682116 01/30/15 Outst 0421257 Frontier Communications V0372287 01/30/15 B0007394 722.59 722.59 ------722.59 722.59
0682117 01/30/15 Outst 0292035 Hyatt Regency Minneapoli V0372238 01/29/15 P0034562 2,303.11 2,303.11 ------2,303.11 2,303.11
0682118 01/30/15 Outst 0421763 INSCCU V0372272 01/30/15 416.00 416.00 ------416.00 416.00
0682119 01/30/15 Outst 0458203 IATSE National Health/We V0372234 01/29/15 P0034555 693.00 693.00 ------693.00 693.00
0682120 01/30/15 Outst 0458203 IATSE National Health/We V0372235 01/29/15 P0034555 693.00 693.00 ------693.00 693.00
0682121 01/30/15 Outst 0458203 IATSE National Health/We V0372236 01/29/15 P0034555 693.00 693.00 ------693.00 693.00
0682122 01/30/15 Outst 0458203 IATSE National Health/We V0372237 01/29/15 P0034555 693.00 693.00 ------693.00 693.00
0682123 01/30/15 Outst 0401842 MDHE V0372276 01/30/15 579.67 579.67 ------579.67 579.67
0682124 01/30/15 Outst 0273068 Rockford Health System - V0372241 01/29/15 P0034552 9,900.00 9,900.00 ------9,900.00 9,900.00
0682125 01/30/15 Outst 0273068 Rockford Health System - V0372243 01/29/15 P0034552 6,600.00 6,600.00 ------
February 02 2015 ACCOUNTS PAYABLE CHECK REGISTER Page 64 10:12 Period 01/01/2015 - 01/31/2015
Bank Code: LP Alpine Accounts Payable GL Account No: 01-00000-11279
Check Check Check Vendor Voucher Voucher PO/BPO Voucher Cash Disc Check Number Date Status ID Payee Name ID Date Number Amount Amount Amount ------6,600.00 6,600.00
0682126 01/30/15 Outst 0290182 State Disbursement Unit V0372271 01/30/15 713.92 713.92 ------713.92 713.92
0682127 01/30/15 Outst 0368550 United Scenic Artists V0371051 01/12/15 P0034554 462.00 462.00 ------462.00 462.00
0682128 01/30/15 Outst 0368550 United Scenic Artists V0371053 01/12/15 P0034554 462.00 462.00 ------462.00 462.00
0682129 01/30/15 Outst 0368550 United Scenic Artists V0371055 01/12/15 P0034554 462.00 462.00 ------462.00 462.00
0682130 01/30/15 Outst 0368550 United Scenic Artists V0371056 01/12/15 P0034554 462.00 462.00 ------462.00 462.00
0682131 01/30/15 Outst 0422427 United Student Aid Funds V0372278 01/30/15 386.44 386.44 ------386.44 386.44
======2,061,572.81 2,061,572.81
February 02 2015 CHECK REGISTER SUMMARY REPORT Page 65 10:12 Period 01/01/2015 - 01/31/2015
Bank Code Account Number Description Debit Credit ------
LP Alpine Accounts Paya 01-00000-23100 Other : Accounts Payable 1,712,800.28 0.00 01-00000-23500 Other : Accounts Payable/Datat 348,772.53 0.00
01-00000-11279 Other : Alpine Bank AP Acct 0.00 2,061,572.81 ------2,061,572.81 2,061,572.81
Checks Over $10,000 issued between 1/1/15 and 1/31/15 Report Date: 2/11/2015 Page 1 of 2 Month: 01/2015 Check No Check Date Vendor Check Amount LP*0681771 1/8/2015 0351387 - ROCK RIVER TRAINING $20,742.66 Board Report #7112A, Dated 6/24/2014, Rent for 303 N Main St, January 2015 - Funds 01, 06. LP*0681802 1/8/2015 0295554 - XEROX $10,475.89 Board Report #7112B, Dated 6/24/2014, Copy Charges for 44 Multifunction Copiers, November 2014 - Fund 01. LP*E0005149 1/8/2015 0310222 - CONSTELLATION NEW ENERGY $63,477.01 Board Report #7112B, Dated 6/24/2014, Electric Service, Main Campus, Bell and SCCE, November 2014 - Fund 02. LP*E0005157 1/8/2015 0289806 - LINDSTROM TRAVEL $12,950.79 Board Report #7152, Dated 12/16/2014, Model UN Flights to Montreal and Miscellaneous Campus Travel - Fund 01. LP*E0005172 1/8/2015 0276087 - PLUMBERS PIPE FITTERS $11,600.00 Board Report #7152, Dated 12/16/2014, Fee for Instruction of BCT-088-IDT - Fund 06. LP*0681840 1/15/2015 0330681 - KELSO BURNETT $134,950.00 Board Report #7101A, Dated 5/27/2014, UPS Replacement for ERC and SC - Fund 03 (Old Life Safety $). LP*0681896 1/15/2015 0287688 - STATE UNIVERSITIES RETIREMENT SYSTEM $105,804.30 Payroll Deduction Remitted on Behalf of Employees - Fund 01. LP*0681900 1/15/2015 0287723 - VARIABLE ANNUITY LIFE INSURANCE $17,006.49 Payroll Deduction Remitted on Behalf of Employees - Fund 01. LP*E0005220 1/15/2015 0385509 - CONSTELLATION NEW ENERGY - GAS DIV $28,886.42 Board Report #7112B, Dated 6/24/2014, Natural Gas Service, Main Campus and SCCE, December 2014 - Fund 02. LP*E0005230 1/15/2015 0477072 - JEFFREY E FLEMMING, ARCHITECT $54,225.48 Board Report #7120A, Dated 7/22/2014, Architectural Service for Aviation Hangar - Fund 03. LP*E0005249 1/15/2015 0442641 - THAMES MANAGEMENT RESOURCE LTD $10,805.81 Board Report #7120B, Dated 7/22/2014, Fee for Management of SBDC and PTAC Grant Programs - Fund 06. LP*M000008 1/15/2015 0289619 - AMERICAN EXPRESS $25,794.29 Board Report #7112B, Dated 6/24/2014, December P-Card Usage - All Funds. LP*0681920 1/22/2015 0478612 - BLDD ARCHITECTS, INC. $143,485.51 Board Report #7120A, Dated 7/22/2014, Architect for HSC - Fund 03. LP*0681996 1/22/2015 0295189 - SJOSTROM SONS $48,110.17 Board Report #7133A, Dated 9/23/2014, Interior Build-Out for Aviation Hangar Project - Fund 03. Checks Over $10,000 issued between 1/1/15 and 1/31/15 Report Date: 2/11/2015 Page 2 of 2 Month: 01/2015 Check No Check Date Vendor Check Amount LP*E0005272 1/22/2015 0310222 - CONSTELLATION NEW ENERGY $51,887.18 Board Report #7112B, Dated 6/24/2014, Electric Service, Main Campus, Bell and SCCE, December 2014 - Fund 02. LP*E0005274 1/22/2015 0463480 - EBM, INC. $52,488.35 Board Report #7112B, Dated 6/24/2014, January Cleaning Service - Fund 02. LP*E0005280 1/22/2015 0289733 - HEALTH CARE SERVICE $270,778.20 Board Report #7112B, Dated 6/24/2014, PPO BC/BS Insurance, December Settlement Statement - Fund 05. LP*E0005285 1/22/2015 0470045 - ITSAVVY, LLC $10,055.00 Board Report #7152, Dated 12/16/2014, Uniterruptable Power Supply Replacement - Fund 01. LP*E0005286 1/22/2015 0340451 - J B H TECHNOLOGIES $51,682.20 Board Report #7152, Dated 12/16/2014, Smart Grid Education Panels - Fund 06 (IGEN Grant Funded). LP*E0005346 1/29/2015 0289733 - HEALTH CARE SERVICE $116,418.44 Board Report #7112B, Dated 6/24/2014, HMO Insurance, February Premium - Fund 05. LP*E0005365 1/29/2015 0408793 - SUN LIFE FINANCIAL $14,395.50 Board Report #7112B, Dated 6/24/2014, Supplemental Life Insurance, February Premium - Fund 05. LP*E0005367 1/29/2015 0330693 - TARGET COMMERCIAL INTERIORS $17,417.20 Not on a Purchase Report. Three Furniture Purchases Under $10,000 Each. LP*0682102 1/30/2015 0287688 - STATE UNIVERSITIES RETIREMENT SYSTEM $156,551.30 Payroll Deduction Remitted on Behalf of Employees - Fund 01. LP*0682106 1/30/2015 0287723 - VARIABLE ANNUITY LIFE INSURANCE $17,006.49 Payroll Deduction Remitted on Behalf of Employees - Fund 01.
Between 1/1/15 and 1/31/15: 24 checks totaling $1,446,994.68 out of $2,061,572.81 or 70.19% ROCK VALLEY COLLEGE Board Report #7177 February 24, 2015
Purchase Report #690-A
Recommendation: Board approval for items marked with asterisk
A. Bus Charter for Spring Training - (Trust & Agency Fund – Men’s Baseball & Women’s Softball, Participant Travel)
Wiersema Charter Service, Morrison, IL $10,500.00*(1)
(1) This expense is for travel to spring training in Florida, March 6 - March 14, 2015 for both the Baseball and Softball teams.
Fundraising activities fully fund this expense.
B. Payment for Instruction – (Education Fund – Continuing Education Center, Vendor Training Alliances)
Bodycraft Wellness, Rockford, IL 20,277.00*(2)
(2) Payment for instruction of the Massage Therapy Program. Massage Therapy is a 12-month, non-credit program with three students currently enrolled. Tuition collected per student covers the cost of instruction.
FY15 Budgeted Expense.
C. Contractual Services – (Foundation Fund – Foundation Unrestricted, Maintenance Services Software Support)
Blackbaud, Atlanta, GA 18,544.21*(3)
(3) This expenditure is for services and software to make RVC Alumni information usable for development purposes. The software includes additional licensing for the Raiser’s Edge application already in use by the Foundation. Services will include alumni address database verification and update against the Postal Service National Change of Address database.
Sole Source identified for this item.
FY15 Budgeted Item. Foundation Expense. ROCK VALLEY COLLEGE Board Report #7177 February 24, 2015 Purchase Report #690-A/2
D. Caps & Gowns – (Education Fund – Graduation & Commencement, Other Contractual Services)
Jostens Inc., Chicago, IL 17,884.25*(4)
(4) This expense is for the purchase and rental of graduation regalia for the Friday, May 15, 2015, Commencement Ceremony. The amount includes the purchase of 465 student keepsake regalia – caps, gowns, and tassels. The cost also includes the rental of 169 Faculty, Leadership Team members, and Board of Trustee gowns and regalia. The price also includes the purchase of Diploma Covers and honor cords.
RVC does not bid out this cost because we receive special consortium pricing for Illinois Community Colleges.
FY15 Budgeted Item.
E. Simulation Upgrade for Medical Mannequins – (Restricted Purposes Fund – Perkins Postsecondary, Instructional Equipment)
Laerdal Medical, Wappingers Falls, NY 17,013.67*(5)
(5) This expense is for a replacement monitor used with the high fidelity medical mannequin and for upgrading the Vitalsim simulators also used in the Nursing Lab. The monitor for the high-fidelity mannequin is damaged and replacement is necessary to continue with simulations. The upgrade to Vitalsim simulators includes: two SimPads, two patient monitors that work with the SimPads, two patient monitor software licenses, and two microphone/headsets.
Currently the Nursing Lab has three VitalSim simulators: an infant VitalSim, a child VitalSim and an adult VitalSim that use using 10 year-old technology. The SimPads can be used interchangeably amongst these simulators but current equipment allows only one simulation at a time. This upgrade would help bring simulations to a higher level and allow for multiple simulations to run concurrently in the lab.
Sole Sourced identified for this purchase.
Grant Funded Expense.
ROCK VALLEY COLLEGE Board Report #7177 February 24, 2015 Purchase Report #690-A/3
F. Tape Drive for Data Backup – (Education Fund – Information Technology, Capital Computer Equipment)
CDW-G, Vernon Hills, IL 18,870.07*(6)
(6) This expense is for a tape drive to expand the capacity of the existing data backup system. This is needed to accommodate the increasing burden on this system until a new system – either cloud-based or disk-to-disk, becomes affordable for the College to implement.
RVC does not bid out this cost because we receive special consortium pricing for Illinois Community Colleges.
FY15 Budgeted Expense.
G. Financial Advising Services – (Bond & Interest Fund – General Institutional, Debt Service Issuance)
PMA Securities Inc., Naperville, IL 15,000.00*(7)
(7) Expense is for advising related to financing new bond issue of $40 million and for refinancing $7.5 million of existing bond debt. Calculation of the fee is $1.50/bond; bonds are at $5k denomination, with a minimum fee of $15,000. Payment will be netted from Bond Proceeds upon closing the issuance.
H. Envelopes and Letterhead – (Education Fund – Continuing Education Center, Vendor Training Alliances)
MS2, Rockford, IL 10,358.69*(8) Formstart, Rockford, IL 11,667.50 Balsley Printing, Rockford, IL 11,883.00
(8) This expense is for envelopes and letterhead with the 50th anniversary logo, to be used over the remainder of calendar year 2015. These printed goods will be used by all College departments for routine mailing and correspondence.
FY15 Budgeted Expense.
ROCK VALLEY COLLEGE Board Report #7177 February 24, 2015 Purchase Report #690-A/4
I. Addendum to Purchase Order B7574 Workforce Development – (Restricted Purposes Fund – WIA Out-of-School Youth & WIA In-School Youth, Participant Travel)
Rockford Mass Transit District, Rockford, IL 10,000.00*(9)
Original Amount 9,000.00 Addendum 10,000.00 New Total 19,000.00
(9) Additional amount required to cover current and estimated expenses for the remainder of FY15. Increased participation is expected in the Elevate GED program under the Workforce Investment Act.
This is a grant funded expense.
Funds will be reallocated within existing budget to cover the additional expense.
J. Addendum to Purchase Order B7374 Plant Operations & Maintenance – (Restricted Purposes Fund – Plant Maintenance, Maintenance Supplies)
Steiner Electric, Loves Park, IL 4,000.00*(10)
Original Amount 11,500.00 Previous Adjustment 4,000.00 Previous Adjustment 5,500.00 Addendum 4,000.00 New Total 25,000.00
(10) Additional amount required to cover estimated expenses for the remainder of FY15. Additional expenses to date have included supplies and materials to prepare the Techworks space in the Stenstrom Center for Career Education, as well as general materials for small projects in order to avoid vendor mark-up with the contracted electrician.
Funds will be reallocated within existing budget to cover the additional expense.
Mike Mastroianni President
Board Approval: ______Secretary, Board of Trustees ROCK VALLEY COLLEGE Board Report #7177 February 24, 2015
Purchase Report #690-B
Recommendation: Board approval for items marked with asterisk
A. Blanket PO for Advertising – (Education Fund – Communications, College/Program Advertising)
Hayes Marketing Services, Rockford, IL 85,000.00*(2)
(2) This expense is to cover media expenses required for the Aviation Maintenance program. The College will be reimbursed by the Greater Rockford Airport Authority for these expenses on a quarterly basis, up to $60,000. AAR will reimburse the College on a quarterly basis for the remaining $25,000. These efforts help support both the College’s academic program and the MRO facility that AAR is constructing.
Mike Mastroianni President
Board Approval: ______Secretary, Board of Trustees
ROCK VALLEY COLLEGE Board Report #7177 February 24, 2015
Purchase Report #690-C
Recommendation: Board approval for items marked with asterisk
A. Blanket Purchase Order for Engineering Services – (Operations & Maintenance Restricted Fund, Aviation Hangar & Educational Facility, New Facilities)
Terracon, Rockford, IL 29,000.00*(1)
(1) This expense is for engineering services necessary for the aviation hangar project. Services include: testing of soil compaction for footings, cement testing for footings and foundations, soil compaction for site (i.e. parking lot), floor slab sub-base testing and concrete testing, structural steel observation, and asphalt testing.
The College has asked GRAA to reimburse $9,985 for soil testing performed to ensure footing, floor slab and parking lot site soil compaction meets agreed upon proctor per the approved lease agreement.
Mike Mastroianni President
Board Approval: ______Secretary, Board of Trustees
Rock Valley College Board Report # 7178 February 24, 2015
Personnel Report #686
Recommendation: The Board of Trustees approves the following personnel actions:
NEW POSITIONS/REPLACEMENTS – None
A. COMMUNITY EDUCATION INSTRUCTOR, Spring 2015, to be paid over the duration of the course.
ID NAME COURSE HOURLY HOURS TOTAL ACCOUNT SECTION RATE PAID 0120598 Langsholt, Inger MUS-803-RV $33 15 $495.00 01-41000-51320 0120598 Langsholt, Inger MUS-803-RV5 $33 16 $528.00 01-41000-51320 0120598 Langsholt, Inger MUS-803-RV6 $33 16 $528.00 01-41000-51320 0120598 Langsholt, Inger MUS-803-RV9 $33 15 $495.00 01-41000-51320 0120598 Langsholt, Inger MUS-803-RV7 $33 15 $495.00 01-41000-51320 0120598 Langsholt, Inger MUS-805-RV2 $33 14 $462.00 01-41000-51320 0120598 Langsholt, Inger WIZ-815-RV $33 16 $528.00 05-41005-51320 0120598 Langsholt, Inger WIZ-815-RV11 $33 15 $495.00 05-41005-51320 0120598 Langsholt, Inger WIZ-815-RV2 $33 15 $495.00 05-41005-51320 0120598 Langsholt, Inger WIZ-815-RV3 $33 15 $495.00 05-41005-51320 0120598 Langsholt, Inger WIZ-815-RV4 $33 15 $495.00 05-41005-51320 0120598 Langsholt, Inger WIZ-815-RV5 $33 15 $495.00 05-41005-51320 0120598 Langsholt, Inger WIZ-815-RV6 $33 14 $462.00 05-41005-51320 0120598 Langsholt, Inger WIZ-815-RV7 $33 16 $528.00 05-41005-51320 0120598 Langsholt, Inger WIZ-815-RV8 $33 14 $462.00 01-41000-51320 0120598 Langsholt, Inger WIZ-815-RV9 $33 15 $495.00 05-41005-51320 0120598 Langsholt, Inger WIZ-815-RV10 $33 15 $495.00 05-41005-51320 $8,448.00
Board Report 7178/2 PR #686 February 24, 2015
B. RECLASSIFICATIONS.
Molly Terrinoni (0198968), from Senior Accountant, Financial Services, grade 12, to Assistant Director of Financial Services, Financial Services, full-time with benefits, grade 14, $51,493/year, prorated for the balance of the fiscal year, effective March 1, 2015, account # 01-82100-51410. (Due to position reclassification)
Diane Weber (0367069), Library Assistant/Acquisitions, Library, grade 7, to Library Assistant/Technical Services, Library, full-time with benefits, grade 8, $35,638/year, prorated for the balance of the fiscal year, effective March 1, 2015, account # 01-21000-51610. (Due to position reclassification)
C. RESIGNATIONS.
Barbara Cavanagh (0092944), Administrative Assistant III, Student Development, February 13, 2015.
Santina Swiger (0278473), Records Evaluator, Records and Registration, February 27, 2015.
D. SALARY CHANGE.
Jeremy Chamberlain (0418275), Faculty, Mathematics, from Lave IV, Step 5, to Lane VII, Step 5, $54,622/9 months, effective Spring 2015, due to completion of Doctorate Degree.
Jonathan Poore (0450607), Faculty, Composition and Literature, from Lane V, Step 3, to Lane VII, Step 3, $54,498/9 months, effective Spring 2015, due to completion of Doctorate Degree.
E. PROBATIONARY FACULTY MEMBERS RECOMMENDED FOR TENURE FOR THE 2015- 2016 ACADEMIC YEAR:
1. Tabinda Azam, (0450371), Life Science 2. Sarah Etlinger, (0449888), Composition & Literature 3. Tracy Hazen, (0394697), Speech 4. William Lipton (0337216), Physical Sciences 5. Rebecca Maas, (0214937), Life Science 6. Jonathan Poore, (0450607), Composition & Literature 7. Melinda Verdone, (0444042), Life Science 8. Stephanie Wascher, (0292364), CIS
F. PROBATIONARY FACULTY MEMBERS RECOMMENDED FOR RETENTION FOR 4TH YEAR FOR THE 2015-2016 ACADEMIC YEAR:
1. Kenneth Webb (0450962), Composition & Literature
Board Report 7178/3 PR #686 February 24, 2015
G. PROBATIONARY FACULTY MEMBERS RECOMMENDED FOR RETENTION FOR 3RD YEAR FOR THE 2015-2016 ACADEMIC YEAR:
1. George Bane (0156361), Welding 2. Debra Booton (0454827), Respiratory Care 3. Jason Brinkley (0337724), Physical Science 4. Christopher Gallagher (0464542), Manufacturing, Engineering & Technology 5. Michael Sasso (0447899), Aviation Maintenance Technology 6. Tammy Whitehead (0463134), Humanities 7. Eric Woulfe (0464264), Computer & Information Systems
H. PROBATIONARY FACULTY MEMBERS RECOMMENDED FOR RETENTION FOR 2ND YEAR FOR THE 2015-2016 ACADEMIC YEAR:
1. Shannon Andrews (0452505), Chemistry 2. Mary Cline (0253959), Business/CIS 3. Danielle Fundora , Philosophy 4. Audra Jarvis (0065966), Nursing C.N.A. 5. Maureen Lowry-Fritz (0472743), Political Science 6. Natalie Rodakowski , Fitness, Wellness, and Sport 7. Maria Taydem (0477126), Physical Sciences
I. TEMPORARY FACULTY MEMBERS RECOMMENDED FOR NON RE-EMPLOYMENT AT COMPLETION OF THE SPRING 2015 TERM.
1. Terry Hitzke (0278033), Social Science and Humanities 2. Jarry LaBuy (0133687), Mass Communication
J. REVISION. Board Report 7166, Item A, Revise Effective GL #.
Tia Robinson, Dean, Teaching and Learning Services, full-time with benefits, grade 17, $65,900/year, prorated for the balance of the fiscal year, effective February 2, 2015, account # 01- 38105-51110. (Vacancy due to resignation)
Mike Mastroianni President
Board Approval: ______Secretary, Board of Trustees
ROCK VALLEY COLLEGE Board Report #7179 February 24, 2015
TECH WORKS EQUIPMENT LEASE AGREEMENT WITH MACHINERY SOURCE, LLC FOR YCM NXV-560A THREE AXIS CNC VERTICAL MACHINING CENTER
BACKGROUND: Rock Valley College acquired the rights to provide the TechWorks customized manufacturing training from RASI (Rockford Area Strategic Initiatives) and RAEDC (Rockford Area Economic Development Council), as well as some of the existing TechWorks staff and some of the existing TechWorks equipment. In order to provide relevant training and with the assistance of Trustee Murphy, the 2005 Fadal VMC FX Vertical Machining Center is being traded in for disposal and the YCM acquired under this lease agreement.
The Equipment Lease commenced on January 27, 2015 and will terminate on June 30, 2017. Rent is $1.00 per year.
The new equipment will be located with the TechWorks equipment at the Stenstrom Center for Career Education (SCCE) and is the beginning of the SCCE upgrades toward a world-class training center.
RECOMMENDATION: It is recommended that the Board of Trustees acknowledge and approve the equipment lease agreement with Machinery Source, LLC for the YCM NXV- 560A three axis CNC vertical machining center.
Mike Mastroianni President
Board Approval: ______Secretary, Board of Trustees
Attachment: Equipment Lease
ROCK VALLEY COLLEGE AR #330 February 24, 2015
RESOLUTION ACCEPTING NOTICE TO BARGAIN FROM FRATERNAL ORDER OF POLICE
WHEREAS, the Board of Trustees of Rock Valley College District No. 511 and the Fraternal Order of Police Labor Council, entered into a Collective Bargaining Agreement covering the regular, full time police officers employed by the College; and WHEREAS, the current agreement expires on June 30, 2015 and according to the terms of the Agreement, the Rock Valley College Fraternal Order of Police Labor Council has notified Rock Valley College that it seeks to bargain a successor agreement to the current agreement. WHEREAS, the College and the Fraternal Order of Police are in the process of setting a date to commence bargaining. Subsequent meeting dates and times will be affirmed during the initial meeting. NOW, THEREFORE BE IT RESOLVED that the Rock Valley College Board of Trustees accept the Notice to Bargain from the Rock Valley College Fraternal Order of Police and commence bargaining for a successor Agreement according to terms of the Agreement. Dated this _____ day of February, 2015
______Chairperson of the Board Community College District No. 511
ATTEST:
______Secretary of the Board Community College District No. 511
ROCK VALLEY COLLEGE AR #331 February 24, 2015
RESOLUTION REGARDING BOARD POLICY 4:10.070
WHEREAS, the Board of Trustees of Community College District No. 511,
Winnebago, Boone, DeKalb, McHenry, Stephenson and Ogle Counties, Illinois (Rock
Valley College) is hereby provided with the proposed revision to Board Policy 4:10.070,
Student Classifications, for an initial review before approval; and
WHEREAS, Board Policy 4:10.070 requires amendment to align the definitions of
full time and part time students with Department of Education standards.
NOW, THEREFORE BE IT RESOLVED that the Board of Trustees of Community
College District No. 511 will consider the revised Board Policy 4:10.070, Student
Classification, for final approval at the Board’s regular March 2015 meeting.
Dated this _____ day of February, 2015
______Chairperson of the Board Community College District No. 511
ATTEST:
______Secretary of the Board Community College District No. 511
ROCK VALLEY COLLEGE BOARD POLICY 4:10.070
STUDENT CLASSIFICATION ______
Full-Time Students
Students enrolled in twelve (12) semester hours of course work or more during the fall, spring, or summer terms shall be considered full-time. The summer term consists of summer session I and summer session II. The total amount of semester hours taken in summer I and summer II will determine the enrollment classification for the summer term.
Part-Time Students
Students enrolled in one to eleven (1-11) semester hours of course work during the fall, spring or summer terms shall be considered part-time. Students enrolled in less than six (6) semester hours of course work during any term shall be considered less than half- time.
Adopted: April 8, 2014 Revised: February 24, 2015 ROCK VALLEY COLLEGE AR #332 February 24, 2015
MINUTES of a regular public meeting of the Board of Trustees of Community College District No. 511, Counties of Winnebago, Ogle, Boone, Stephenson, DeKalb and McHenry and State of Illinois, held in the Board Room of the Woodward Technology Center at 3301 North Mulford Road, Rockford, Illinois, in said Community College District at 6:00 o’clock P.M., on the 24th day of February, 2015.
* * * The meeting was called to order by the Chairman, and upon the roll being called, Frank
Haney, the Chairman, and the following Trustees were physically present at said location:______
______
The following Trustees were allowed by a majority of the members of the Board of
Trustees in accordance with and to the extent allowed by rules adopted by the Board of Trustees to attend the meeting by video or audio conference: ______
______
______
No Trustee was not permitted to attend the meeting by video or audio conference.
The following Trustees were absent and did not participate in the meeting in any manner or to any extent whatsoever: ______
The Chairman announced that a proposal had been received from BMO Harris Bank,
N.A., Chicago, Illinois, for the purchase of $30,000,000 Debt Certificates, Series 2015A, and that a proposal had been received from Alpine Bank & Trust Company, Rockford, Illinois, for the purchase of $10,000,000 Debt Certificates, Series 2015B, to be issued by the District pursuant to Section 17(b) of the Local Government Debt Reform Act, and that the Board of
Trustees would consider the adoption of a resolution providing for an Installment Purchase
Agreement in order to finance various capital projects for community college purposes, authorizing the issuance of said Certificates evidencing the rights to payment under said
2015-02-24 (AR 332) Debt Certificates Proposal 3747608 01 04.docx 2225068/SGM Agreement and providing for the sale of said Certificates. The Chairman also summarized the pertinent terms of said proposals and said Certificates, including the length of maturity, rates of interest and purchase prices for said Certificates.
Whereupon Trustee ______presented and the Secretary read by title a resolution as follows, a copy of which was provided to each member of the Board of Trustees prior to said meeting and to everyone in attendance at said meeting who requested a copy:
-2-
RESOLUTION authorizing and providing for an Installment Purchase Agreement for the purpose of paying the cost of purchasing real or personal property, or both, in and for Community College District No. 511, Counties of Winnebago, Ogle, Boone, Stephenson, DeKalb and McHenry and State of Illinois, and for the issue of $30,000,000 Debt Certificates, Series 2015A, and $10,000,000 Debt Certificates, Series 2015B, of said Community College District, evidencing the rights to payment under said Agreement, providing for the security for and means of payment under said Agreement of said Certificates, and authorizing the sale of the Certificates to the purchasers thereof.
WHEREAS, Community College District No. 511, Counties of Winnebago, Ogle, Boone,
Stephenson, DeKalb and McHenry and State of Illinois (the “District”), is a community college district of the State of Illinois (the “State”) operating, among other things, under and pursuant to the Public Community College Act of the State (the “Public Community College Act”), the
Local Government Debt Reform Act of the State (the “Debt Reform Act”), and in particular, the provisions of Section 17(b) of the Debt Reform Act (the “Installment Purchase Provisions”) and all other Omnibus Bond Acts of the State, in each case, as supplemented and amended
(collectively, “Applicable Law”); and
WHEREAS, the Board of Trustees of the District (the “Board”) has considered the needs of the District and, in so doing, the Board has deemed and does now deem it advisable, necessary, and for the best interests of the District to improve, alter, repair and equip existing facilities of the District, including, in connection therewith, acquisition of all land or rights in land, mechanical, electrical, and other services necessary, useful, or advisable thereto (the
“Project”), all as shown on preliminary plans and cost estimates on file with and approved by the Board; and
WHEREAS, the Board has determined the total cost of the Project and expenses incidental thereto, including financial, legal, architectural, and engineering services related to such work and to the Agreement hereinafter provided for in this Resolution (collectively “Related
Expenses”) to be not less than $40,000,000 plus estimated investment earnings which may be received on said sum prior to disbursement; and
WHEREAS, sufficient funds of the District are not available to pay the costs of the Project and Related Expenses, and it will, therefore, be necessary to borrow money in an amount of
$40,000,000 for the purpose of paying such costs; and
WHEREAS, pursuant to the Installment Purchase Provisions, the District has the power to purchase real or personal property through agreements that provide that the consideration for the purchase may be paid through installments made at stated intervals for a period of no more than
20 years, to sell, convey and reacquire either real or personal property upon any terms and conditions and in any manner as the Board shall determine, if the District will lease, acquire by purchase agreement, or otherwise reacquire the property as authorized by Applicable Law and to issue certificates evidencing indebtedness incurred under such agreements; and
WHEREAS, the Board finds that it is desirable and in the best interests of the District to avail of the provisions of the Installment Purchase Provisions; authorize an Installment Purchase
Agreement (the “Agreement”); name as counter-party to the Agreement the Treasurer of the
Board (the “Treasurer”), as nominee-seller; authorize the Chairman of the Board (the
“Chairman”) and the Secretary of the Board (the “Secretary”) to execute and attest, respectively, the Agreement on behalf of the District and to file same with the Secretary in his or her capacity as keeper of the records and files of the District; and issue certificates evidencing the indebtedness incurred under the Agreement in an amount of $40,000,000:
NOW THEREFORE Be It and It Is Hereby Resolved by the Board of Trustees of
Community College District No. 511, Counties of Winnebago, Ogle, Boone, Stephenson,
DeKalb and McHenry and State of Illinois, as follows:
-2-
Section 1. Definitions. Words and terms used in this Resolution shall have the meanings given them unless the context or use clearly indicates another or different meaning is intended. Words and terms defined in the singular may be used in the plural and vice-versa.
Reference to any gender shall be deemed to include the other and also inanimate persons such as corporations, where applicable.
A. The following words and terms are as defined in the preambles hereto.
Agreement Applicable Law Board Chairman Debt Reform Act District Installment Purchase Provisions Project Public Community College Act Related Expenses Secretary State Treasurer B. The following words and terms are defined as set forth.
“Certificates” means the $30,000,000 Debt Certificates, Series 2015A, and
$10,000,000 Debt Certificates, Series 2015B, authorized to be issued by this Resolution.
“Certificate Fund” means the fund established and defined in Section 12 of this
Resolution.
“Certificate Register” means the books of the District kept by the Certificate
Registrar to evidence the registration and transfer of the Certificates.
“Certificate Registrar” means The Bank of New York Mellon Trust Company,
National Association, Chicago, Illinois, or a successor thereto or a successor designated
as Certificate Registrar hereunder.
“Code” means the Internal Revenue Code of 1986, as amended.
-3-
“Project Fund” means the Project Fund established and defined in Section 12 of
this Resolution.
“Purchasers” means BMO Harris Bank, N.A., Chicago, Illinois, as the purchaser
of the Series 2015A Certificates, and Alpine Bank and Trust Company, Rockford,
Illinois, as the purchaser of the Series 2015B Certificates.
“Resolution” means this Resolution adopted by the Board on the 24th day of
February, 2015.
“Series 2015A Certificates” means the District’s Debt Certificates, Series 2015A,
dated March 12, 2015.
“Series 2015B Certificates” means the District’s Debt Certificates, Series 2015B,
dated March 12, 2015.
C. Definitions also appear in the preambles hereto or in specific sections, as appear below. The headings in this Resolution are for the convenience of the reader and are not a part of this Resolution.
Section 2. Incorporation of Preambles. The Board hereby finds that all of the recitals contained in the preambles to this Resolution are full, true and correct and does incorporate them into this Resolution by this reference.
Section 3. Authorization. It is necessary and advisable for the public health, safety, welfare, and convenience of residents of the District to pay the costs of acquisition and construction of the Project, including all Related Expenses, and to borrow money and, in evidence thereof and for the purpose of financing same, enter into the Agreement and, further, to provide for the issuance and delivery of the Certificates evidencing the indebtedness incurred under the Agreement.
Section 4. Agreement Is a General Obligation; Annual Budget. The District hereby represents, warrants, and agrees that the obligation to make the payments due under the
-4-
Agreement shall be a lawful direct general obligation of the District payable from the general funds of the District and such other sources of payment as are otherwise lawfully available. The
District represents and warrants that the total amount due the nominee-seller under the
Agreement, together with all other indebtedness of the District, is within all statutory and constitutional debt limitations. The District agrees to budget funds of the District annually and in a timely manner so as to provide for the making of all payments when due under the terms of the
Agreement.
Section 5. Execution and Filing of the Agreement. From and after the effective date of this Resolution, the Chairman and Secretary be and they are hereby authorized and directed to execute and attest, respectively, the Agreement, in substantially the form set forth below in the text of this Resolution, and to do all things necessary and essential to effectuate the provisions of the Agreement, including the execution of any documents and certificates incidental thereto or necessary to carry out the provisions thereof. Further, as nominee-seller, the Treasurer is hereby authorized and directed to execute the Agreement. Upon full execution, the original of the
Agreement shall be filed with the Secretary and retained in the District records and shall constitute authority for the issuance of the Certificates. The Installment Purchase Agreement shall be in substantially the form as follows:
-5-
INSTALLMENT PURCHASE AGREEMENT for the purchase of real or personal property, or both, in and for Community College District No. 511, Counties of Winnebago, Ogle, Boone, Stephenson, DeKalb and McHenry and State of Illinois.
THIS INSTALLMENT PURCHASE AGREEMENT (this “Agreement”) dated as of the 12th day of March, 2015, by and between the Treasurer (the “Treasurer”) of the Board of Trustees (the
“Board”) of the hereinafter-defined District, as Nominee-Seller (the “Seller”), and Community
College District No. 511, Counties of Winnebago, Ogle, Boone, Stephenson, DeKalb and
McHenry and State of Illinois, a Community College District of the State of Illinois (the
“District”):
WITNESSETH A. The Board has determined to finance various capital projects (the “Project”), all as previously approved by the Board and on file with the Secretary of the Board (the “Secretary”).
B. Pursuant to the provisions of the Public Community College Act of the State of
Illinois (the “Public Community College Act”), the Local Government Debt Reform Act of the
State of Illinois (the “Debt Reform Act”), and, in particular, the provisions of Section 17(b) of the Debt Reform Act (the “Installment Purchase Provisions”), and all other Omnibus Bond Acts of the State of Illinois, in each case, as supplemented and amended (collectively “Applicable
Law”), the District has the power to purchase real or personal property through agreements that provide that the consideration for the purchase may be paid through installments made at stated intervals for a period of no more than 20 years, to sell, convey and reacquire either real or personal property upon any terms and conditions and in any manner as the Board shall determine, if the District will lease, acquire by purchase agreement, or otherwise reacquire the property as authorized by Applicable Law and to issue certificates evidencing indebtedness incurred under such agreements.
I-1
C. On the 24th day of February, 2015, the Board, pursuant to Applicable Law and the need to provide for the Project, adopted a resolution (the “Resolution”) authorizing the borrowing of money for the Project, the execution and delivery of this Agreement to finance same, and the issuance of certificates evidencing the indebtedness so incurred.
D. The Resolution is
(a) incorporated herein by reference; and
(b) made a part hereof as if set out at this place in full; and each of the terms as defined in the Resolution is also incorporated by reference for use in this
Agreement.
E. The Seller, as nominee as expressly permitted by the Installment Purchase
Provisions, has agreed to acquire the Project on the terms as hereinafter provided.
NOW THEREFORE in consideration of the mutual covenants and agreements hereinafter contained and other valuable consideration, it is mutually agreed between the Seller and the
District as follows:
1. MAKE, CONSTRUCT AND ACQUIRE PROJECT The Seller agrees to make, construct, and acquire the Project upon real estate owned or to be owned by or upon which valid easements have been obtained in favor of the District.
2. CONVEYANCE The District conveys to the Seller any portion of the Project heretofore acquired by the
District and to be paid from proceeds of the Certificates. The Seller agrees to convey each part of the Project to the District and to perform all necessary work and convey all necessary equipment; and the District agrees to purchase the Project from the Seller and pay for the Project the purchase price of $40,000,000; plus the amount of investment earnings which are earned on the amount deposited with the Treasurer from the sale of the Certificates and in no event shall
I-2
the total aggregate principal purchase price to be paid pursuant to this Agreement exceed the sum of $40,000,000, plus the amount of investment earnings which are earned on the amount deposited with the Treasurer from the sale of the Certificates.
3. PAYMENTS The payment of the entire sum of $40,000,000 of said purchase price shall:
(a) be payable in installments due on the dates and in the amounts;
(b) bear interest at the rates percent per annum which interest shall also be
payable on the dates and in the amounts;
(c) be payable at the place or places of payment, in the medium of payment, and
upon such other terms, including prepayment (redemption); all as provided for payment of the Certificates in the Resolution.
4. ASSIGNMENT Rights to payment of the Seller as provided in this Agreement are unconditionally and irrevocably assigned as a matter of law, under the Installment Purchase Provisions of the Debt
Reform Act, to the registered and beneficial owners of the Certificates now and hereafter, on a several and not joint basis. This Agreement and any right, title, or interest herein, shall not be further assignable. The Certificates, evidencing the indebtedness incurred hereby, are assignable
(registrable) as provided in the Resolution.
5. TAX COVENANTS The covenants relating to the tax-exempt status of the Certificates, as set forth in the
Resolution, insofar as may be applicable, apply to the work to be performed and the payments made under this Agreement.
I-3
6. TITLE (a) Vesting of Title. Title in and to any part of the Project, upon delivery or as made, during all stages of the acquisition or construction thereof, shall and does vest immediately in the
District.
(b) Damage, Destruction, and Condemnation. If, during the term of this Agreement,
(i) all or any part of the Project shall be destroyed, in whole or in part, or damaged by fire or other casualty or event; or (ii) title to, or the temporary or permanent use of, all or any part of the
Project shall be taken under the exercise of the power of eminent domain by any governmental body or by any person, firm, or corporation acting under governmental authority; or (iii) a material defect in construction of all or any part of the Project shall become apparent; or (iv) title to or the use of all or any part of the Project shall be lost by reason of a defect in title; then the
District shall continue to make payments as promised herein and in the Certificates and to take such action as it shall deem necessary or appropriate to repair and replace the Project.
7. LAWFUL CORPORATE OBLIGATION The District hereby represents, warrants, and agrees that the obligation to make the payments due hereunder shall be a lawful direct general obligation of the District payable from the general funds of the District and such other sources of payment as are otherwise lawfully available. The District represents and warrants that the total amount due the Seller hereunder, together with all other indebtedness of the District, is within all statutory and constitutional debt limitations. The District agrees to budget funds of the District annually and in a timely manner so as to provide for the making of all payments when due under the terms of this Agreement.
8. GENERAL COVENANT AND RECITAL It is hereby certified and recited by the Seller and the District, respectively, that as to each, respectively, for itself, all conditions, acts, and things required by law to exist or to be done
I-4
precedent to and in the execution of this Agreement did exist, have happened, been done and performed in regular and due form and time as required by law.
9. NO SEPARATE TAX
THE SELLER AND THE DISTRICT RECOGNIZE THAT THERE IS NO STATUTORY
AUTHORITY FOR THE LEVY OF A SEPARATE TAX IN ADDITION TO OTHER TAXES OF THE
DISTRICT OR THE LEVY OF A SPECIAL TAX UNLIMITED AS TO RATE OR AMOUNT TO PAY ANY OF
THE AMOUNTS DUE HEREUNDER.
10. DEFAULT In the event of a default in payment hereunder by the District, the Seller or any
Certificateholder may pursue any available remedy by suit at law or equity to enforce the payment of all amounts due or to become due under this Agreement, including, without limitation, an action for specific performance.
I-5
IN WITNESS WHEREOF the Seller has caused this Installment Purchase Agreement to be executed and his or her signature to be attested by the Secretary, and the District has caused this
Installment Purchase Agreement to be executed by its Chairman, and also attested by the
Secretary, all as of the day and year first above written.
SELLER: Signature: SPECIMEN
Name: Sam Overton, Jr. as Nominee-Seller and Treasurer
ATTEST:
SPECIMEN Secretary, Board of Trustees
COMMUNITY COLLEGE DISTRICT NO. 511, COUNTIES OF WINNEBAGO, OGLE, BOONE, STEPHENSON, DEKALB AND MCHENRY AND STATE OF ILLINOIS
SPECIMEN Chairman, Board of Trustees
ATTEST:
SPECIMEN Secretary, Board of Trustees
I-6
STATE OF ILLINOIS ) ) SS COUNTY OF WINNEBAGO )
CERTIFICATE OF INSTALLMENT PURCHASE AGREEMENT FILING I, the undersigned, do hereby certify that I am the duly qualified and acting Secretary of the Board of Trustees (the “Board”) of Community College District No. 511, Counties of
Winnebago, Ogle, Boone, Stephenson, DeKalb and McHenry and State of Illinois (the
“District”), and as such officer I do hereby certify that on the 12th day of March, 2015, there was filed in my office a properly certified copy of that certain document, executed by the
Chairman of the Board, attested by me in my capacity as Secretary of the Board, and further executed, as Nominee-Seller, by the Treasurer of the Board, also attested by me, dated the
12th day of March, 2015, and entitled “INSTALLMENT PURCHASE AGREEMENT for the purchase of real or personal property, or both, in and for Community College District No. 511, Counties of
Winnebago, Ogle, Boone, Stephenson, DeKalb and McHenry and State of Illinois”; and supporting the issuance of certain Debt Certificates, Series 2015A and Debt Certificates, Series
2015B, of the District; that attached hereto is a true and complete copy of said Agreement as so filed; and that the same has been deposited in the official files and records of my office.
IN WITNESS WHEREOF I have hereunto affixed my official signature, this 12th day of
March, 2015.
SPECIMEN Secretary, Board of Trustees
Section 6. Certificate Details. For the purpose of providing for the Project, there shall be issued and sold two separate series of certificates of the District in the aggregate principal amount of $40,000,000. The Certificates shall be dated March 12, 2015, and shall also bear the date of authentication, shall be in fully registered form, shall be in denominations of $100,000 each and authorized integral multiples of $5,000 in excess thereof (but no single Certificate shall represent installments of principal maturing on more than one date), shall be numbered 1 and upward, and the Certificates shall become due and payable serially (subject to prior redemption as hereinafter set forth) on October 1 of each of the years, in the amounts and bearing interest per annum as follows:
SERIES 2015A CERTIFICATES
YEAR OF PRINCIPAL RATE OF MATURITY AMOUNT INTEREST
2015 $10,000,000 0.60% 2016 10,000,000 0.90% 2017 10,000,000 1.20%
SERIES 2015B CERTIFICATES
YEAR OF PRINCIPAL RATE OF MATURITY AMOUNT INTEREST
2017 $1,575,000 1.31% 2018 3,850,000 1.63% 2019 3,895,000 1.93% 2020 680,000 2.19% The Certificates shall bear interest from their date or from the most recent interest payment date to which interest has been paid or duly provided for, until the principal amount of the Certificates is paid, such interest (computed upon the basis of a 360-day year of twelve
30-day months) being payable on April 1 and October 1 of each year, commencing on October 1,
2015. Interest on each Certificate shall be paid by check or draft of the Certificate Registrar,
-6-
payable upon presentation in lawful money of the United States of America, to the person in whose name such Certificate is registered at the close of business on the 15th day of the month next preceding the interest payment date. The principal of the Certificates shall be payable in lawful money of the United States of America at the principal corporate trust office of the
Certificate Registrar.
The Certificates shall be signed by the manual or facsimile signatures of the Chairman and Secretary, and shall be registered, numbered and countersigned by the manual or facsimile signature of the Treasurer, and in case any officer whose signature shall appear on any
Certificate shall cease to be such officer before the delivery of such Certificate, such signature shall nevertheless be valid and sufficient for all purposes, the same as if such officer had remained in office until delivery.
All Certificates shall have thereon a certificate of authentication substantially in the form hereinafter set forth duly executed by the Certificate Registrar as authenticating agent of the
District and showing the date of authentication. No Certificate shall be valid or obligatory for any purpose or be entitled to any security or benefit under this Resolution unless and until such certificate of authentication shall have been duly executed by the Certificate Registrar by manual signature, and such certificate of authentication upon any such Certificate shall be conclusive evidence that such Certificate has been authenticated and delivered under this Resolution. The certificate of authentication on any Certificate shall be deemed to have been executed by the
Certificate Registrar if signed by an authorized officer of the Certificate Registrar, but it shall not be necessary that the same officer sign the certificate of authentication on all of the Certificates issued hereunder.
Section 7. Registration of Certificates; Persons Treated as Owners. The District shall cause books (the “Certificate Register” as herein defined) for the registration and for the
-7-
transfer of the Certificates as provided in this Resolution to be kept at the principal corporate trust office of the Certificate Registrar, which is hereby constituted and appointed the registrar of the District for the Certificates. The District is authorized to prepare, and the Certificate
Registrar or such other agent as the District may designate shall keep custody of, multiple
Certificate blanks executed by the District for use in the transfer and exchange of Certificates.
Any Certificate may be transferred or exchanged, but only in the manner, subject to the limitations, and upon payment of the charges as set forth in this Resolution.
Upon surrender for transfer or exchange of any Certificate at the principal corporate trust office of the Certificate Registrar, duly endorsed by or accompanied by a written instrument or instruments of transfer or exchange in form satisfactory to the Certificate Registrar and duly executed by the registered owner or his or her attorney for such owner duly authorized in writing, the District shall execute and the Certificate Registrar shall authenticate, date, and deliver in the name of the transferee or transferees or, in the case of an exchange, the registered owner, a new fully registered Certificate or Certificates of the same maturity of authorized denominations, for a like aggregate principal amount. Any fully registered Certificate or
Certificates may be exchanged at said office of the Certificate Registrar for a like aggregate principal amount of Certificate or Certificates of the same maturity of other authorized denominations. The execution by the District of any fully registered Certificate shall constitute full and due authorization of such Certificate; and the Certificate Registrar shall thereby be authorized to authenticate, date, and deliver such Certificate; provided, however, the principal amount of outstanding Certificates of each maturity authenticated by the Certificate Registrar shall not exceed the authorized principal amount of Certificates for such maturity less previous retirements.
-8-
The Certificate Registrar shall not be required to transfer or exchange any Certificate during the period beginning at the close of business on the 15th day of the month next preceding any interest payment date on such Certificate and ending on such interest payment date, nor to transfer or exchange any Certificate after notice calling such Certificate for redemption has been mailed, nor during a period of fifteen (15) days next preceding mailing of a notice of redemption of any Certificates.
The person in whose name any Certificate shall be registered shall be deemed and regarded as the absolute owner thereof for all purposes, and payment of the principal of or interest on any Certificate shall be made only to or upon the order of the registered owner thereof or his or her legal representative. All such payments shall be valid and effectual to satisfy and discharge the liability upon such Certificate to the extent of the sum or sums so paid.
No service charge shall be made for any transfer or exchange of Certificates, but the
District or the Certificate Registrar may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of
Certificates except in the case of the issuance of a Certificate or Certificates for the unredeemed portion of a Certificate surrendered for redemption.
Section 8. Redemption. (a) Optional Redemption. The Certificates are subject to redemption prior to maturity at the option of the District, in whole or in part, and if in part, in such principal amounts and from such maturities as determined by the District, in integral multiples of $5,000 (less than all of the Certificates of a single maturity to be selected by lot by the Certificate Registrar as hereinafter provided), on any date, at a redemption price of par plus accrued interest to the date fixed for redemption.
(b) General. The Certificates shall be redeemed only in the principal amount of $5,000 and integral multiples thereof. The District shall, at least fifteen (15) days prior to any optional
-9-
redemption date (unless a shorter time period shall be satisfactory to the Certificate Registrar) notify the Certificate Registrar of such redemption date and of the principal amount and maturity or maturities of Certificates to be redeemed. For purposes of any redemption of less than all of the outstanding Certificates of a single maturity, the particular Certificates or portions of
Certificates to be redeemed shall be selected by lot by the Certificate Registrar from the
Certificates of such maturity by such method of lottery as the Certificate Registrar shall deem fair and appropriate; provided that such lottery shall provide for the selection for redemption of
Certificates or portions thereof so that any $5,000 Certificate or $5,000 portion of a Certificate shall be as likely to be called for redemption as any other such $5,000 Certificate or
$5,000 portion. The Certificate Registrar shall make such selection upon the earlier of the irrevocable deposit of funds with an escrow agent sufficient to pay the redemption price of the
Certificates to be redeemed or the time of the giving of official notice of redemption.
The Certificate Registrar shall promptly notify the District in writing of the Certificates or portions of Certificates selected for redemption and, in the case of any Certificate selected for partial redemption, the principal amount thereof to be redeemed.
Section 9. Redemption Procedure. Unless waived by any holder of Certificates to be redeemed, notice of the call for any such redemption shall be given by the Certificate Registrar on behalf of the District by mailing the redemption notice by first class mail at least five (5) days and not more than sixty (60) days prior to the date fixed for redemption to the registered owner of the Certificate or Certificates to be redeemed at the address shown on the Certificate Register or at such other address as is furnished in writing by such registered owner to the Certificate
Registrar.
All notices of redemption shall state:
(1) the redemption date,
-10-
(2) the redemption price,
(3) if less than all outstanding Certificates are to be redeemed, the identification (and, in the case of partial redemption, the respective principal amounts) of the Certificates to be redeemed,
(4) that on the redemption date the redemption price will become due and payable upon each such Certificate or portion thereof called for redemption, and that interest thereon shall cease to accrue from and after said date,
(5) the place where such Certificates are to be surrendered for payment of the redemption price, which place of payment shall be the principal corporate trust office of the Certificate Registrar, and
(6) such other information then required by custom, practice or industry standard. Unless moneys sufficient to pay the redemption price of the Certificates to be redeemed shall have been received by the Certificate Registrar prior to the giving of such notice of redemption, such notice may, at the option of the District, state that said redemption shall be conditional upon the receipt of such moneys by the Certificate Registrar on or prior to the date fixed for redemption. If such moneys are not received, such notice shall be of no force and effect, the District shall not redeem such Certificates, and the Certificate Registrar shall give notice, in the same manner in which the notice of redemption shall have been given, that such moneys were not so received and that such Certificates will not be redeemed. Otherwise, prior to any redemption date, the District shall deposit with the Certificate Registrar an amount of money sufficient to pay the redemption price of all the Certificates or portions of Certificates which are to be redeemed on that date.
Subject to the provisions for a conditional redemption described above, notice of redemption having been given as aforesaid, the Certificates or portions of Certificates so to be redeemed shall, on the redemption date, become due and payable at the redemption price therein specified, and from and after such date (unless the District shall default in the payment of the redemption price) such Certificates or portions of Certificates shall cease to bear interest. Upon
-11-
surrender of such Certificates for redemption in accordance with said notice, such Certificates shall be paid by the Certificate Registrar at the redemption price. Installments of interest due on or prior to the redemption date shall be payable as herein provided for payment of interest. Upon surrender for any partial redemption of any Certificate, there shall be prepared for the registered holder a new Certificate or Certificates of the same maturity in the amount of the unpaid principal.
If any Certificate or portion of Certificate called for redemption shall not be so paid upon surrender thereof for redemption, the principal shall, until paid, bear interest from the redemption date at the rate borne by the Certificate or portion of Certificate so called for redemption. All
Certificates which have been redeemed shall be cancelled and destroyed by the Certificate
Registrar and shall not be reissued.
Section 10. Form of Certificate. The Certificates shall be in substantially the following form; provided, however, that if the text of the Certificate is to be printed in its entirety on the front side of the Certificate, then paragraph [2] and the legend, on the front side and the “See
Reverse Side for Additional Provisions” shall be omitted and paragraph [6] and the paragraphs thereafter as may be appropriate shall be inserted immediately after paragraph [1].
-12-
[FORM OF CERTIFICATE - FRONT SIDE] REGISTERED REGISTERED NO. ______$______UNITED STATES OF AMERICA STATE OF ILLINOIS COUNTIES OF WINNEBAGO, OGLE, BOONE, STEPHENSON, DEKALB AND MCHENRY AND STATE OF ILLINOIS COMMUNITY COLLEGE DISTRICT NO. 511 DEBT CERTIFICATE, SERIES 2015[A][B]
See Reverse Side for Additional Provisions
Initial Interest Maturity Dated Rate: ____% Date: October 1, 20__ Date: March 12, 2015
Registered Owner: [BMO HARRIS BANK, N.A.] [ALPINE BANK & TRUST COMPANY]
Principal Amount:
[1] KNOW ALL PERSONS BY THESE PRESENTS, that Community College District No.
511, Counties of Winnebago, Ogle, Boone, Stephenson, DeKalb and McHenry and State of
Illinois (the “District”), hereby acknowledges itself to owe and for value received promises to pay from the source and as hereinafter provided to the Registered Owner identified above, or registered assigns as hereinafter provided, on the Maturity Date identified above, the Principal
Amount identified above and to pay interest (computed on the basis of a 360-day year of twelve
30-day months) on such Principal Amount from the date of this Certificate or from the most recent interest payment date to which interest has been paid on April 1 and October 1 of each year, commencing October 1, 2015, until said Principal Amount is paid. Principal of this
Certificate is payable in lawful money of the United States of America upon presentation and surrender hereof at the principal corporate trust office of The Bank of New York Mellon Trust
Company, National Association, Chicago, Illinois, as certificate registrar and paying agent (the
“Certificate Registrar”). Payment of the installments of interest shall be made to the Registered
Owner hereof as shown on the registration books of the District maintained by the Certificate
-13-
Registrar at the close of business on the 15th day of the month next preceding each interest payment date and the 15th day preceding any interest payment date occasioned by the redemption of this Certificate on other than a regular interest payment date and shall be paid by check or draft of the Certificate Registrar, payable upon presentation in lawful money of the
United States of America, mailed to the address of such Registered Owner as it appears on such registration books or at such other address furnished in writing by such Registered Owner to the
Certificate Registrar.
[2] Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, and such further provisions shall for all purposes have the same effect as if set forth at this place.
[3] It is hereby certified and recited that all conditions, acts and things required by law to exist or to be done precedent to and in the issuance of this Certificate did exist, have happened, been done and performed in regular and due form and time as required by law; that the indebtedness of the District, including the issue of certificates of which this is one, does not exceed any limitation imposed by law; that the obligation to make payments due hereon is a general obligation of the District payable from any funds of the District legally available for such purpose, and that the District shall budget funds annually and in a timely manner so as to provide for the making of all payments hereon when due. THE OWNER OF THIS CERTIFICATE
ACKNOWLEDGES THAT THERE IS NO STATUTORY AUTHORITY FOR THE LEVY OF A SEPARATE TAX IN
ADDITION TO OTHER TAXES OF THE DISTRICT OR THE LEVY OF A SPECIAL TAX UNLIMITED AS TO
RATE OR AMOUNT TO PAY ANY OF THE AMOUNTS DUE HEREUNDER.
[4] This Certificate shall not be valid or become obligatory for any purpose until the certificate of authentication hereon shall have been signed by the Certificate Registrar.
-14-
[5] IN WITNESS WHEREOF, Community College District No. 511, Counties of
Winnebago, Ogle, Boone, Stephenson, DeKalb and McHenry and State of Illinois, by its Board of Trustees, has caused this Certificate to be signed by the manual or duly authorized facsimile signature of the Chairman and Secretary of said Board of Trustees (the “Board”) and to be registered, numbered and countersigned by the manual or duly authorized facsimile signature of the Treasurer of the Board, all as of the Dated Date identified above.
SPECIMEN Chairman, Board of Trustees
SPECIMEN Secretary, Board of Trustees Registered, Numbered and Countersigned:
SPECIMEN Treasurer, Board of Trustees
Date of Authentication: ______, 20__
CERTIFICATE Certificate Registrar and Paying Agent: OF The Bank of New York Mellon Trust AUTHENTICATION Company, National Association, Chicago, Illinois This Certificate is one of the Certificates described in the within-mentioned Resolution and is one of the Debt Certificates, Series 2015[A][B], dated March 12, 2015, of Community College District No. 511, Counties of Winnebago, Ogle, Boone, Stephenson, DeKalb and McHenry and State of Illinois.
THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION, as Certificate Registrar
By SPECIMEN Authorized Signatory
-15-
[FORM OF CERTIFICATE - REVERSE SIDE]
COMMUNITY COLLEGE DISTRICT NO. 511 COUNTIES OF WINNEBAGO, OGLE, BOONE, STEPHENSON, DEKALB AND MCHENRY AND STATE OF ILLINOIS DEBT CERTIFICATE, SERIES 2015[A][B] [6] This Certificate is one of a series of Certificates issued by the District for the purpose of providing funds to pay part of the cost of the Project and Related Expenses, all as described and defined in the Resolution authorizing the Certificates (the “Resolution”), in full compliance with the provisions of the Public Community College Act of the State of Illinois, the
Local Government Debt Reform Act of the State of Illinois, and all laws amendatory thereof and supplementary thereto, and is authorized by the Board by a resolution duly adopted for that purpose, in all respects as by law required. The Certificates issued by the District in connection with the Project have been issued in evidence of the indebtedness incurred pursuant to a certain
Installment Purchase Agreement (the “Agreement”), entered into by and between the District and the Treasurer of the Board, as Seller-Nominee, to which reference is hereby expressly made for further definitions and terms and to all the provisions of which the holder by the acceptance of this certificate assents.
[7] Certificates of the issue of which this Certificate is one are subject to redemption prior to maturity at the option of the District as a whole, or in part in integral multiples of $5,000 in any order of their maturity as determined by the District (less than all of the Certificates of a single maturity to be selected by lot by the Certificate Registrar), on any date, at the redemption price of par plus accrued interest to the redemption date.
[8] Notice of any such redemption shall be sent by first class mail not less than five (5) days nor more than sixty (60) days prior to the date fixed for redemption to the registered owner of each Certificate to be redeemed at the address shown on the registration books of the District maintained by the Certificate Registrar or at such other address as is furnished in writing by such
-16-
registered owner to the Certificate Registrar. When so called for redemption, this Certificate will cease to bear interest on the specified redemption date, provided funds for redemption are on deposit at the place of payment at that time, and shall not be deemed to be outstanding.
[9] This Certificate is transferable by the Registered Owner hereof in person or by his or her attorney duly authorized in writing at the principal corporate trust office of the Certificate
Registrar in Chicago, Illinois, but only in the manner, subject to the limitations and upon payment of the charges provided in the authorizing resolution, and upon surrender and cancellation of this Certificate. Upon such transfer a new Certificate or Certificates of authorized denominations of the same maturity and for the same aggregate principal amount will be issued to the transferee in exchange therefor.
[10] The Certificates are issued in fully registered form in the denomination of $100,000 or in integral multiples of $5,000 in excess thereof. This Certificate may be exchanged at the principal corporate trust office of the Certificate Registrar for a like aggregate principal amount of Certificates of the same maturity of other authorized denominations, upon the terms set forth in the Resolution. The Certificate Registrar shall not be required to transfer or exchange any
Certificate during the period beginning at the close of business on the 15th day of the month next preceding any interest payment date on such Certificate and ending at the opening of business on such interest payment date, nor to transfer or exchange any Certificate after notice calling such
Certificate for redemption has been mailed, nor during a period of fifteen (15) days next preceding mailing of a notice of redemption of any Certificates.
[11] The District and the Certificate Registrar may deem and treat the Registered Owner hereof as the absolute owner hereof for the purpose of receiving payment of or on account of principal hereof and interest due hereon and for all other purposes, and neither the District nor the Certificate Registrar shall be affected by any notice to the contrary.
-17-
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned sells, assigns and transfers unto
[Here insert identifying number such as TID, SSN, or other]
______(Name and Address of Assignee) the within Certificate and does hereby irrevocably constitute and appoint
______as attorney to transfer the said Certificate on the books kept for registration thereof with full power of substitution in the premises. Dated: ______
Signature guaranteed: ______
NOTICE: The signature to this assignment must correspond with the name of the Registered Owner as it appears upon the face of the within Certificate in every particular, without alteration or enlargement or any change whatever. Section 11. Sale of Certificates. The Certificates hereby authorized shall be executed as in this Resolution provided as soon after the passage hereof as may be, and thereupon be deposited with the Treasurer, and be by the Treasurer delivered to the Purchasers, upon receipt of the purchase price therefor, the same being par; the contracts for the sale of the Certificates heretofore entered into (as evidenced by executed Term Sheets, as hereinafter defined) (the
“Purchase Contracts”) are in all respects ratified, approved and confirmed, it being hereby found and determined that the Certificates have been sold at such price and bear interest at such rates that neither the true interest cost (yield) nor the net interest rate received upon such sale exceed the maximum rate otherwise authorized by Illinois law and that the Purchase Contracts are in the best interests of the District and that no person holding any office of the District, either by election or appointment, is in any manner interested, directly or indirectly, in his own name or
-18-
in the name of any other person, association, trust or corporation, in the Purchase Contracts; the surety bond executed by the Treasurer in connection with the issuance of the Certificates as required by Section 3-19 of the Public Community College Act is hereby approved and shall be filed with the County Clerk of each county in which any part of the District is situated; and the
Certificates before being issued shall be registered, numbered and countersigned by the
Treasurer, such registration being made in a book provided for that purpose, in which shall be entered the record of the resolution authorizing the Board to borrow said money and a description of the Certificates issued, including the number, date, to whom issued, amount, rate of interest and when due.
The use by the Purchasers of the Term Sheets relating to the Certificates (the “Term
Sheets”) is hereby ratified, approved and authorized; the execution and delivery of the Term
Sheets are hereby authorized; and the officers of the Board are hereby authorized to take any action as may be required on the part of the District to consummate the transactions contemplated by the Purchase Contracts, this Resolution, the Term Sheets and the Certificates.
Section 12. Use of Certificate Proceeds. Accrued interest received on the delivery of the Certificates, if any, is hereby appropriated for the purpose of paying first interest due on the
Certificates and is hereby ordered deposited into the “Debt Certificates, Series 2015 Fund” (the
“Certificate Fund”), which shall be the fund for the payment of the principal of and interest on the Certificates. Funds lawfully available for the purpose of paying the principal of and interest on the Certificates shall be deposited into the Certificate Fund and used solely and only for such purpose.
The principal proceeds of the Certificates are hereby appropriated to pay the costs of issuance of the Certificates and for the purpose of paying the cost of the Project, and that portion thereof not needed to pay such costs of issuance is hereby ordered deposited into the “Project
-19-
Fund” (the “Project Fund”), hereby created. It is hereby found and determined and hereby declared and set forth that the Board (i) has not entered into an agreement of any kind with any entity, party or person (including, but not limited to, the Purchasers) to not expend the proceeds of the Certificates deposited into the Project Fund for any period of time and (ii) is not required by any contract, decree, instrument, order, regulation or ruling, to not expend the proceeds of the
Certificates deposited into the Project Fund for any period of time. Moneys in the Project Fund shall be used to pay costs of the Project in accordance with the following procedures:
1. Contracts (“Work Contracts”) have been or shall be awarded, from time to
time, by the Board for the work on the Project; and the Board represents and covenants
that each Work Contract has been or will be let in strict accordance with the applicable
laws of the State, and the rules and procedures of the District for same.
2. Pursuant to this Resolution or subsequent resolution or resolutions to be
duly adopted, the Board shall identify all or a designated portion of each Work Contract
to the Agreement. The Work Contracts attached hereto as Exhibit 1 are hereby identified
to the Agreement. This Resolution, any such further resolution and said Work Contracts
shall be filed of record with the Secretary and the Treasurer. The adoption and filing of
any such resolution or resolutions and the Work Contracts with such officers shall
constitute authority for the Treasurer to make disbursements from the Project Fund to pay
amounts due under such Work Contracts from time to time, upon such further
resolutions, orders, vouchers, warrants, or other proceedings as are required under the
applicable laws of the State, and the rules and procedures of the District for same. No
action need be taken by or with respect to the contractors under the Work Contracts as,
pursuant to the Installment Purchase Provisions, the Treasurer acts as Nominee-Seller of
the Project for all purposes, enabling the issuance of the Certificates.
-20-
Alternatively to the creation of the funds described above, the appropriate officers may allocate the funds to be deposited into the Certificate Fund or proceeds of the Certificates to one or more related funds of the District already in existence and in accordance with good accounting practice; provided, however, that this shall not relieve such officers of the duty to account and invest such funds and the proceeds of the Certificates, as herein provided, as if the funds described above had in fact been created. At the time of the issuance of the Certificates, the costs of issuance of the Certificates may be paid by the Purchasers on behalf of the District from the proceeds of the Certificates.
Section 13. Non-Arbitrage and Tax-Exemption. One purpose of this Section is to set forth various facts regarding the Certificates and to establish the expectations of the Board and the District as to future events regarding the Certificates and the use of Certificate proceeds. The certifications, covenants and representations contained herein (except for paragraph 7.10) and at the time of the Closing are made on behalf of the District for the benefit of the owners from time to time of the Certificates. In addition to providing the certifications, covenants and representations contained herein, the District hereby covenants that it will not take any action, omit to take any action or permit the taking or omission of any action within its control
(including, without limitation, making or permitting any use of the proceeds of the Certificates) if taking, permitting or omitting to take such action would cause any of the Certificates to be an arbitrage bond or a private activity bond within the meaning of the Code or would otherwise cause the interest on the Certificates to be included in the gross income of the recipients thereof for federal income tax purposes. The District acknowledges that, in the event of an examination by the Internal Revenue Service (the “IRS”) of the exemption from federal income taxation for interest paid on the Certificates, under present rules, the District may be treated as a “taxpayer” in such examination and agrees that it will respond in a commercially reasonable manner to any
-21-
inquiries from the IRS in connection with such an examination. The Board and the District certify, covenant and represent as follows:
1.1. Definitions. In addition to such other words and terms used and defined in this Resolution, the following words and terms used in this Section shall have the following meanings unless, in either case, the context or use clearly indicates another or different meaning is intended:
“Affiliated Person” means a Person that is affiliated with another Person (including the District) because either (a) at any time during the six months prior to the execution and delivery of the Certificates, more than five percent of the voting power of the governing body of either Person is in the aggregate vested in the other Person and its directors, officers, owners, and employees, or (b) during the one-year period beginning six months prior to the execution and delivery of the Certificates, the composition of the governing body of the Person (or any Person that controls the Person) is modified or established to reflect (directly or indirectly) representation of the interests of the other Person (or there is an agreement, understanding, or arrangement relating to such a modification or establishment during that one-year period).
“Bond Counsel” means Chapman and Cutler LLP or any other nationally recognized firm of attorneys experienced in the field of municipal bonds whose opinions are generally accepted by purchasers of municipal bonds.
“Capital Expenditures” means costs of a type that would be properly chargeable to a capital account under the Code (or would be so chargeable with a proper election) under federal income tax principles if the District were treated as a corporation subject to federal income taxation, taking into account the definition of Placed-in-Service set forth herein.
“Closing” means the first date on which the District is receiving the purchase price for the Certificates.
“Commingled Fund” means any fund or account containing both Gross Proceeds and an amount in excess of $25,000 that are not Gross Proceeds if the amounts in the fund or account are invested and accounted for, collectively, without regard to the source of funds deposited in the fund or account. An open-ended regulated investment company under Section 851 of the Code is not a Commingled Fund.
“Control” means the possession, directly or indirectly through others, of either of the following discretionary and non-ministerial rights or powers over another entity:
(a) to approve and to remove without cause a controlling portion of the governing body of a Controlled Entity; or
-22-
(b) to require the use of funds or assets of a Controlled Entity for any purpose.
“Controlled Entity” means any entity or one of a group of entities that is subject to Control by a Controlling Entity or group of Controlling Entities.
“Controlled Group” means a group of entities directly or indirectly subject to Control by the same entity or group of entities. A Controlled Group includes the entity that has Control of the other entities.
“Controlling Entity” means any entity or one of a group of entities directly or indirectly having Control of any entities or group of entities.
“Costs of Issuance” means the costs of issuing the Certificates, including underwriters’ discount and legal fees.
“De Minimis Amount of Original Issue Discount or Premium” means with respect to an obligation (a) any original issue discount or premium that does not exceed two percent of the stated redemption price at maturity of the Certificates plus (b) any original issue premium that is attributable exclusively to reasonable underwriter’s compensation.
“External Commingled Fund” means a Commingled Fund in which the District and all members of the same Controlled Group as the District own, in the aggregate, not more than ten percent of the beneficial interests.
“GIC” means (a) any investment that has specifically negotiated withdrawal or reinvestment provisions and a specifically negotiated interest rate and (b) any agreement to supply investments on two or more future dates (e.g., a forward supply contract).
“Gross Proceeds” means amounts in the Certificate Fund and the Project Fund.
“Person” means and includes any individual, body politic, governmental unit, agency or authority, trust, estate, partnership, association, company, corporation, joint-stock company, syndicate, group, pool, joint venture, other unincorporated organization or group, or group of any of the above.
“Placed-in-Service” means the date on which, based on all facts and circumstances (a) a facility has reached a degree of completion that would permit its operation at substantially its design level and (b) the facility is, in fact, in operation at such level.
“Private Business Use” means any use of the Project by any Person (including the federal government) other than a state or local governmental unit, including as a result of (i) ownership, (ii) actual or beneficial use pursuant to a lease or a management, service, incentive payment, research or output contract or (iii) any other similar
-23-
arrangement, agreement or understanding, whether written or oral, except for use of the Project on the same basis as the general public. Private Business Use includes any formal or informal arrangement with any Person other than a state or local governmental unit (i) that conveys special legal entitlements to any portion of the Project, or (ii) under which any Person other than a state or local governmental unit has any special economic benefit with respect to any portion of the Project that is not available for use by the general public.
“Qualified Administrative Costs of Investments” means (a) reasonable, direct administrative costs (other than carrying costs) such as separately stated brokerage or selling commissions but not legal and accounting fees, recordkeeping, custody and similar costs; or (b) all reasonable administrative costs, direct or indirect, incurred by a publicly offered regulated investment company or an External Commingled Fund.
“Qualified Tax Exempt Obligations” means (a) any obligation described in Section 103(a) of the Code, the interest on which is excludable from gross income of the owner thereof for federal income tax purposes and is not an item of tax preference for purposes of the alternative minimum tax imposed by Section 55 of the Code; (b) an interest in a regulated investment company to the extent that at least ninety-five percent of the income to the holder of the interest is interest which is excludable from gross income under Section 103 of the Code of any owner thereof for federal income tax purposes and is not an item of tax preference for purposes of the alternative minimum tax imposed by Section 55 of the Code; and (c) certificates of indebtedness issued by the United States Treasury pursuant to the Demand Deposit State and Local Government Series program described in 31 C.F.R. pt. 344 (this clause (c) applies only to demand deposit SLGS, not to other types of SLGS).
“Rebate Fund” means the fund, if any, identified and defined in paragraph 4.1 herein.
“Rebate Provisions” means the rebate requirements contained in Section 148(f) of the Code and in the Regulations.
“Regulations” means United States Treasury Regulations dealing with the tax-exempt bond provisions of the Code.
“Reimbursed Expenditures” means any expenditures of the District paid prior to Closing to which Sale Proceeds or investment earnings thereon are or will be allocated.
“Sale Proceeds” means amounts actually or constructively received from the sale of the Certificates, including (a) amounts used to pay underwriter’s discount or compensation, (b) accrued interest, other than accrued interest for a period not greater than one year before Closing but only if it is to be paid within one year after Closing and (c) amounts derived from the sale of any right that is part of the terms of a Certificate or is otherwise associated with a Certificate (e.g., a redemption right).
-24-
“Yield” means that discount rate which when used in computing the present value of all payments of principal and interest paid and to be paid on an obligation produces an amount equal to the obligation’s purchase price (or in the case of the Certificates, the issue price as established in paragraph 5.1 hereof), including accrued interest. For purposes of computing the Yield on the Certificates and on investments, the same compounding interval (which must be an interval of not more than one year) and standard financial conventions (such as a 360-day year) must be used.
“Yield Reduction Payment” means a rebate payment or any other amount paid to the United States in the same manner as rebate amounts are required to be paid or at such other time or in such manner as the Internal Revenue Service may prescribe that will be treated as a reduction in Yield of an investment under the Regulations.
2.1. Purpose of the Certificates. The Certificates are being issued to finance the Project in a prudent manner consistent with the revenue needs of the District. A breakdown of the sources and uses of funds is set forth in the preceding Section of this Resolution. Except for any accrued interest on the Certificates used to pay first interest due on the Certificates, no proceeds of the Certificates will be used more than 30 days after the date of issue of the Certificates for the purpose of paying any principal or interest on any issue of bonds, notes, certificates or warrants or on any installment contract or other obligation of the District or for the purpose of replacing any funds of the District used for such purpose.
2.2. The Project — Binding Commitment and Timing. The District has incurred or will, within six months of the Closing, incur a substantial binding obligation (not subject to contingencies within the control of the District or any member of the same Controlled Group as the District) to a third party to expend at least five percent of the Sale Proceeds on the Project. It is expected that the work of acquiring and constructing the Project and the expenditure of amounts deposited into the Project Fund will continue to proceed with due diligence no later than three years after Closing, at which time it is anticipated that all Sale Proceeds and investment earnings thereon will have been spent.
2.3. Reimbursement. With respect to expenditures for the Project paid within the 60 day period ending on this date and with respect to which no declaration of intent was previously made, the District hereby declares its intent to reimburse such expenditures and hereby allocates Sale Proceeds in the amount indicated in the Treasurer’s Receipt to be delivered in connection with the issuance of the Certificates to reimburse said expenditures. Otherwise, none of the Sale Proceeds or investment earnings thereon will be used for Reimbursed Expenditures.
2.4. Working Capital. All Sale Proceeds and investment earnings thereon will be used, directly or indirectly, to finance Capital Expenditures other than the following:
(a) working capital expenditures directly related to Capital Expenditures financed by the Certificates, in an amount not to exceed five percent of the Sale Proceeds;
-25-
(b) payments of interest on the Certificates for a period commencing at Closing and ending on the later of the date three years after Closing or one year after the date on which the Project is Placed-in-Service;
(c) Costs of Issuance and Qualified Administrative Costs of Investments;
(d) payments of rebate or Yield Reduction Payments made to the United States;
(e) principal of or interest on the Certificates paid from unexpected excess Sale Proceeds and investment earnings thereon; and
(f) investment earnings that are commingled with substantial other revenues and are expected to be allocated to expenditures within six months of the date commingled.
2.5. Consequences of Contrary Expenditure. The District acknowledges that if Sale Proceeds and investment earnings thereon are spent for non-Capital Expenditures other than as permitted by paragraph 2.4 hereof, a like amount of then available funds of the District will be treated as unspent Sale Proceeds.
2.6. Payments to District or Related Persons. The District acknowledges that if Sale Proceeds or investment earnings thereon are transferred to or paid to the District or any member of the same Controlled Group as the District, those amounts will not be treated as having been spent for federal income tax purposes. However, Sale Proceeds or investment earnings thereon will be allocated to expenditures for federal income tax purposes if the District uses such amounts to reimburse itself for amounts paid to persons other than the District or any member of the same Controlled Group as the District, provided that the original expenditures were paid on or after Closing or are permitted under paragraph 2.3 of this Section, and provided that the original expenditures were not otherwise paid out of Sale Proceeds or investment earnings thereon or the proceeds of any other borrowing. Any Sale Proceeds or investment earnings thereon that are transferred to or paid to the District or any member of the same Controlled Group as the District (other than as reimbursement permitted by paragraph 2.3 or as a result of investment earnings commingling under paragraph 2.4(f)) will remain Sale Proceeds or investment earnings thereon, and thus Gross Proceeds, until such amounts are allocated to expenditures for federal income tax purposes. If the District does not otherwise allocate any such amounts to expenditures for the Project or other expenditures permitted under this Resolution, any such amounts will be allocated for federal income tax purposes to the next expenditures, not otherwise paid out of Sale Proceeds or investment earnings thereon or the proceeds of any other borrowing, for interest on the Certificates prior to the later of the date three years after Closing or one year after the date on which the Project is Placed-in-Service. The District will consistently follow this accounting method for federal income tax purposes.
-26-
2.7. Investment of Certificate Proceeds. Not more than 50% of the Sale Proceeds and investment earnings thereon are or will be invested in investments (other than Qualified Tax Exempt Obligations) having a Yield that is substantially guaranteed for four years or more. No portion of the Certificates is being issued solely for the purpose of investing a portion of Sale Proceeds or investment earnings thereon at a Yield higher than the Yield on the Certificates.
It is expected that the Sale Proceeds deposited into the Project Fund, plus investment earnings on the Project Fund, will be spent to pay costs of the Project, including any capitalized interest on the Certificates, in accordance with the estimated drawdown schedule contained in the Exhibit, the investment earnings on the Certificate Fund will be spent to pay interest on the Certificates, or to the extent permitted by law, investment earnings on amounts in the Project Fund and the Certificate Fund may be commingled with substantial revenues from the governmental operations of the District, and the earnings are reasonably expected to be spent for governmental purposes within six months of the date commingled. Interest earnings on the Project Fund and the Certificate Fund have not been earmarked or restricted by the Board for a designated purpose.
2.8. No Grants. None of the Sale Proceeds or investment earnings thereon will be used to make grants to any person.
2.9. Hedges. Neither the District nor any member of the same Controlled Group as the District has entered into or expects to enter into any hedge (e.g., an interest rate swap, interest rate cap, futures contract, forward contract or an option) with respect to the Certificates. The District acknowledges that any such hedge could affect, among other things, the calculation of Certificate Yield under the Regulations. The IRS could recalculate Certificate Yield if the failure to account for the hedge fails to clearly reflect the economic substance of the transaction. The District acknowledges that if it wishes to take any such hedge into account in determining Certificate Yield, various requirements under the Regulations, including prompt identification of the hedge with the Certificates on the District’s books and records, need to be met.
The District also acknowledges that if it acquires a hedging contract with an investment element (including e.g., an off-market swap agreement, or any cap agreement for which all or a portion of the premium is paid at, or before the effective date of the cap agreement), then a portion of such hedging contract may be treated as an investment of Gross Proceeds of the Certificates, and be subject to the fair market purchase price rules, rebate and yield restriction. The District agrees not to use proceeds of the Certificates to pay for any such hedging contract in whole or in part. The District also agrees that it will not give any assurances to any Certificateholder or any credit or liquidity enhancer with respect to the Certificates that any such hedging contract will be entered into or maintained. The District recognizes that if a portion of a hedging contract is determined to be an investment of Gross Proceeds, such portion may not be fairly priced even if the hedging contract as a whole is fairly priced.
-27-
2.10. IRS Audits. The District represents that the IRS has not contacted the District regarding any obligations issued by or on behalf of the District. To the best of the knowledge of the District, no such obligations of the District are currently under examination by the IRS.
3.1. Use of Proceeds. (a) The use of the Sale Proceeds and investment earnings thereon and the funds held under this Resolution at the time of Closing are described in the preceding Section of this Resolution. No Sale Proceeds will be used to pre-pay for goods or services to be received over a period of years prior to the date such goods or services are to be received. No Sale Proceeds and no investment earnings thereon will be used to pay for or otherwise acquire goods or services from the District, any member of the same Controlled Group as the District, or an Affiliated Person.
(b) Only the funds and accounts described in said Section will be funded at Closing. There are no other funds or accounts created under this Resolution, other than the Rebate Fund if it is created as provided in paragraph 4.1 hereof.
(c) Principal of and interest on the Certificates will be paid from the Certificate Fund.
(d) Any Costs of Issuance incurred in connection with the issuance of the Certificates to be paid by the District will be paid at the time of Closing.
(e) The costs of the Project will be paid from the Project Fund and no other moneys (except for investment earnings on amounts in the Project Fund) are expected to be deposited therein.
3.2. Purpose of Certificate Fund. Purpose of Certificate Fund. The Certificate Fund will be used primarily to achieve a proper matching of revenues and earnings with principal and interest payments on the Certificates in each bond year. It is expected that the Certificate Fund will be depleted at least once a year, except for a reasonable carry over amount not to exceed the greater of (a) the earnings on the investment of moneys in the Certificate Fund for the immediately preceding bond year or (b) 1/12th of the principal and interest payments on the Certificates for the immediately preceding bond year.
3.3. No Other Gross Proceeds. (a) Except for the Certificate Fund and the Project Fund, and except for investment earnings that have been commingled as described in paragraph 2.6 and any credit enhancement or liquidity device related to the Certificates, after the issuance of the Certificates, neither the District nor any member of the same Controlled Group as the District nor any other Person has or will have any property, including cash, securities or will have any property, including cash, securities or any other property held as a passive vehicle for the production of income or for investment purposes, that constitutes:
(i) Sale Proceeds;
-28-
(ii) amounts in any fund or account with respect to the Certificates (other than the Rebate Fund);
(iii) amounts that have a sufficiently direct nexus to the Certificates or to the governmental purpose of the Certificates to conclude that the amounts would have been used for that governmental purpose if the Certificates were not used or to be used for that governmental purpose (the mere availability or preliminary earmarking of such amounts for a governmental purpose, however, does not itself establish such a sufficient nexus);
(iv) amounts in a debt service fund, redemption fund, reserve fund, replacement fund or any similar fund to the extent reasonably expected to be used directly or indirectly to pay principal of or interest on the Certificates or any amounts for which there is provided, directly or indirectly, a reasonable assurance that the amount will be available to pay principal of or interest on the Certificates or any obligations under any credit enhancement or liquidity device with respect to the Certificates, even if financial difficulties are encountered;
(v) any amounts held pursuant to any agreement (such as an agreement to maintain certain levels of types of assets) made for the benefit of the Certificateholders or any credit enhancement provider, including any liquidity device or negative pledge (e.g., any amount pledged to secure the Certificates held under an agreement to maintain the amount at a particular level for the direct or indirect benefit of holders of the Certificates or a guarantor of the Certificates); or
(vi) amounts actually or constructively received from the investment and reinvestment of the amounts described in (i) or (ii) above.
(b) No compensating balance, liquidity account, negative pledge of property held for investment purposes required to be maintained at least at a particular level or similar arrangement exists with respect to, in any way, the Certificates or any credit enhancement or liquidity device related to the Certificates.
(c) The term of the Certificates is not longer than is reasonably necessary for the governmental purposes of the Certificates. The average reasonably expected economic life of the Project is at least 20 years. The weighted average maturity of the Certificates does not exceed 6 years and does not exceed 120 percent of the average reasonably expected economic life of the Project. The maturity schedule of the Certificates (the “Principal Payment Schedule”) is based on an analysis of revenues expected to be available to pay debt service on the Certificates. The Principal Payment Schedule is not more rapid (i.e., having a lower average maturity) because a more rapid schedule would place an undue burden on tax rates or the rates of other revenue sources to be increased beyond prudent levels, and would be inconsistent with the governmental purpose of the Certificates as set forth in paragraph 2.1 hereof.
-29-
3.4. Final Allocation of Proceeds. Subject to the requirements of this Section, including those concerning working capital expenditures in paragraph 2.4, the District may generally use any reasonable, consistently applied accounting method to account for Gross Proceeds, investments thereon, and expenditures. The District must account for the final allocation of proceeds of the Certificates to expenditures not later than 18 months after the later of the date the expenditure is paid or the date the property with respect to which the expenditure is made is Placed-in-Service. This allocation must be made in any event by the date 60 days after the fifth anniversary of the issue date of the Certificates or the date 60 days after the retirement of the Certificates, if earlier.
Reasonable accounting methods for allocating funds include any of the following methods if consistently applied: a specific tracing method; a Gross Proceeds spent first method; a first-in, first-out method; or a ratable allocation method. The District may also reallocate proceeds of the Certificates from one expenditure to another until the end of the period for final allocation, discussed above. Unless the District has taken an action to use a different allocation method by the end of the period for a final allocation, proceeds of the Certificates will be treated as allocated to expenditures using the specific tracing method.
4.1. Compliance with Rebate Provisions. The District covenants to take such actions and make, or cause to be made, all calculations, transfers and payments that may be necessary to comply with the Rebate Provisions applicable to the Certificates. The District will make, or cause to be made, rebate payments with respect to the Certificates in accordance with law.
The District is hereby authorized to create and establish a special fund to be known as the Rebate Fund (the “Rebate Fund”), which, if created, shall be continuously held, invested, expended and accounted for in accordance with this Resolution. Moneys in the Rebate Fund shall not be considered moneys held for the benefit of the owners of the Certificates. Moneys in the Rebate Fund (including earnings and deposits therein) shall be held and used for any required payment to the United States as required by the Rebate Provisions and by the Regulations and as contemplated under the provisions of this Resolution.
4.2. Records. The District agrees to keep and retain or cause to be kept and retained for the period described in paragraph 7.9 adequate records with respect to the investment of all Gross Proceeds and any amounts in the Rebate Fund. Such records shall include: (a) purchase price; (b) purchase date; (c) type of investment; (d) accrued interest paid; (e) interest rate; (f) principal amount; (g) maturity date; (h) interest payment date; (i) date of liquidation; and (j) receipt upon liquidation.
If any investment becomes Gross Proceeds on a date other than the date such investment is purchased, the records required to be kept shall include the fair market value of such investment on the date it becomes Gross Proceeds. If any investment ceases to be Gross Proceeds on a date other than the date such investment is sold or is retained after the date the last Certificate is retired, the records required to be kept shall
-30-
include the fair market value of such investment on the date the last Certificate is retired. Amounts or investments will be segregated whenever necessary to maintain these records.
4.3. Fair Market Value; Certificates of Deposit and Investment Agreements. In making investments of Gross Proceeds and any amounts in the Rebate Fund the District shall take into account prudent investment standards and the date on which such moneys may be needed. Except as provided in the next sentence, all amounts that constitute Gross Proceeds and all amounts in the Rebate Fund shall be invested at all times to the greatest extent practicable, and no amounts may be held as cash or be invested in zero yield investments other than obligations of the United States purchased directly from the United States. In the event moneys cannot be invested, other than as provided in this sentence due to the denomination, price or availability of investments, the amounts shall be invested in an interest bearing deposit of a bank with a yield not less than that paid to the general public or held uninvested to the minimum extent necessary.
Gross Proceeds and any amounts in the Rebate Fund that are invested in certificates of deposit or in GICs shall be invested only in accordance with the following provisions:
(a) Investments in certificates of deposit of banks or savings and loan associations that have a fixed interest rate, fixed payment schedules and substantial penalties for early withdrawal shall be made only if either (i) the Yield on the certificate of deposit (A) is not less than the Yield on reasonably comparable direct obligations of the United States and (B) is not less than the highest Yield that is published or posted by the provider to be currently available from the provider on reasonably comparable certificates of deposit offered to the public or (ii) the investment is an investment in a GIC and qualifies under paragraph (b) below. Investments in federally insured deposits or accounts, including certificates of deposit, may not be made except as allowed under paragraph 5.4.
(b) Investments in GICs shall be made only if
(i) the bid specifications are in writing, include all material terms of the bid and are timely forwarded to potential providers (a term is material if it may directly or indirectly affect the yield on the GIC);
(ii) the terms of the bid specifications are commercially reasonable (a term is commercially reasonable if there is a legitimate business purpose for the term other than to reduce the yield on the GIC);
(iii) all bidders for the GIC have equal opportunity to bid so that, for example, no bidder is given the opportunity to review other bids (a last look) before bidding;
-31-
(iv) any agent used to conduct the bidding for the GIC does not bid to provide the GIC;
(v) at least three of the providers solicited for bids for the GIC are reasonably competitive providers of investments of the type purchased (i.e., providers that have established industry reputations as competitive providers of the type of investments being purchased);
(vi) at least three of the entities that submit a bid do not have a financial interest in the Certificates;
(vii) at least one of the entities that provided a bid is a reasonably competitive provider that does not have a financial interest in the Certificates;
(viii) the bid specifications include a statement notifying potential providers that submission of a bid is a representation that the potential provider did not consult with any other provider about its bid, that the bid was determined without regard to any other formal or informal agreement that the potential provider has with the District or any other person (whether or not in connection with the Certificates) and that the bid is not being submitted solely as a courtesy to the District or any other person for purposes of satisfying the federal income tax requirements relating to the bidding for the GIC;
(ix) the determination of the terms of the GIC takes into account the reasonably expected deposit and drawdown schedule for the amounts to be invested;
(x) the highest-yielding GIC for which a qualifying bid is made (determined net of broker’s fees) is in fact purchased; and
(xi) the obligor on the GIC certifies the administrative costs that it is paying or expects to pay to third parties in connection with the GIC.
A single investment, or multiple investments awarded to a provider based on a single bid, may not be used for funds subject to different rules relating to rebate or yield restriction.
(c) If a GIC is purchased, the District will retain the following records with its bond documents until three years after the Certificates are redeemed in their entirety:
(i) a copy of the GIC;
-32-
(ii) the receipt or other record of the amount actually paid for the GIC, including a record of any administrative costs paid, and the certification under subparagraph (b)(xi) of this paragraph;
(iii) for each bid that is submitted, the name of the person and entity submitting the bid, the time and date of the bid, and the bid results; and
(iv) the bid solicitation form and, if the terms of the GIC deviated from the bid solicitation form or a submitted bid is modified, a brief statement explaining the deviation and stating the purpose for the deviation.
All investments made with Gross Proceeds or amounts in the Rebate Fund shall be bought and sold at fair market value. The fair market value of an investment is the price at which a willing buyer would purchase the investment from a willing seller in a bona fide, arm’s length transaction. Except for investments specifically described in (a) or (b) of this paragraph and United States Treasury obligations that are purchased directly from the United States Treasury, only investments that are traded on an established securities market, within the meaning of regulations promulgated under Section 1273 of the Code, will be purchased with Gross Proceeds. In general, an investment is traded on an established securities market only if at any time during the 31-day period ending 15 days after the purchase date: (i) within a reasonable period of time after the sale, the price for an executed purchase or sale of the investment (or information sufficient to calculate the sales price) appears in a medium that is made available to issuers of debt instruments, persons that regularly purchase or sell debt instruments (including a price provided only to certain customers or to subscribers), or persons that broker purchases or sales of debt instruments; (ii) there are one or more firm quotes for the investment (a firm quote is considered to exist when a price quote is available from at least one broker, dealer, or pricing service (including a price provided only to certain customers or to subscribers) for property and the quoted price is substantially the same as the price for which the person receiving the quoted price could purchase or sell the property; a price quote is considered to be available whether the quote is initiated by a person providing the quote or provided at the request of the person receiving the quote; the identity of the person providing the quote must be reasonably ascertainable for a quote to be considered a firm quote for this purpose; a quote will be considered a firm quote if the quote is designated as a firm quote by the person providing the quote or if market participants typically purchase or sell, as the case may be, at the quoted price, even if the party providing the quote is not legally obligated to purchase or sell at that price); or (iii) there are one or more indicative quotes for the investment (an indicative quote is considered to exist when a price quote is available from at least one broker, dealer, or pricing service (including a price provided only to certain customers or to subscribers) for property and the price quote is not a firm quote described in the prior clause). However, a maturity of a debt instrument is not treated as traded on an established market if at the time the determination is made the outstanding stated principal amount of the maturity that includes the debt instrument does not exceed $100,000,000 (or, for a debt instrument denominated in a currency other than the U.S.
-33-
dollar, the equivalent amount in the currency in which the debt instrument is denominated).
An investment of Gross Proceeds in an External Commingled Fund shall be made only to the extent that such investment is made without an intent to reduce the amount to be rebated to the United States Government or to create a smaller profit or a larger loss than would have resulted if the transaction had been at arm’s length and had the rebate or Yield restriction requirements not been relevant to the District. An investment of Gross Proceeds shall be made in a Commingled Fund other than an External Commingled Fund only if the investments made by such Commingled Fund satisfy the provisions of this paragraph.
The foregoing provisions of this paragraph satisfy various safe harbors set forth in the Regulations relating to the valuation of certain types of investments. The safe harbor provisions of this paragraph are contained herein for the protection of the District, who has covenanted not to take any action to adversely affect the tax-exempt status of the interest on the Certificates. The District may contact Bond Counsel if it does not wish to comply with the provisions of this paragraph.
4.4. Arbitrage Elections. The Chairman, Secretary and Treasurer are hereby authorized to execute one or more elections regarding certain matters with respect to arbitrage.
5.1. Issue Price. For purposes of determining the Yield on the Certificates, the purchase price of the Certificates is equal to the price being paid to the District by the Purchasers. The Purchasers will certify that they are buying the Certificates as an investment for their own account with no intention to resell the Certificates. The purchase price of each of the Certificates is not less than the fair market value of the Certificate as of the date the Purchasers agreed to buy the Certificates.
5.2. Yield Limits. (a) Except as provided in paragraph (b), all Gross Proceeds shall be invested at market prices and at a Yield (after taking into account any Yield Reduction Payments) not in excess of the Yield on the Certificates plus, if only amounts in the Project Fund are subject to this yield limitation, 1/8th of one percent.
(b) The following may be invested without Yield restriction:
(i) amounts qualifying for a temporary period consisting of:
(A) amounts on deposit in the Certificate Fund (except for capitalized interest) that have not been on deposit under this Resolution for more than 13 months, so long as the Certificate Fund continues to qualify as a bona fide debt service fund as described in paragraph 3.2 hereof;
-34-
(B) amounts on deposit in the Project Fund prior to the earlier of three years after Closing or the date the District no longer expects to spend all such amounts;
(C) amounts in the Certificate Fund to be used to pay capitalized interest on the Certificates prior to the earlier of three years after Closing or the payment of all capitalized interest;
(ii) amounts qualifying for other exceptions consisting of:
(A) an amount not to exceed the lesser of $100,000 or five percent of the Sale Proceeds;
(B) amounts invested in Qualified Tax Exempt Obligations;
(C) amounts in the Rebate Fund;
(D) all amounts other than Sale Proceeds for the first 30 days after they become Gross Proceeds; and
(E) all amounts derived from the investment of Sale Proceeds or investment earnings thereon for a period of one year from the date received.
5.3. Federal Guarantees. Except as otherwise permitted by the Regulations, no portion of the payment of principal or interest on the Certificates or any credit enhancement or liquidity device relating to the foregoing is or will be guaranteed, directly or indirectly (in whole or in part), by the United States (or any agency or instrumentality thereof), including a lease, incentive payment, research or output contract or any similar arrangement, agreement or understanding with the United States or any agency or instrumentality thereof. No portion of the Gross Proceeds has been or will be used to make loans the payment of principal or interest with respect to which is or will be guaranteed (in whole or in part) by the United States (or any agency or instrumentality thereof). This paragraph does not apply to any guarantee by the Federal Housing Administration, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Government National Mortgage Association, the Student Loan Marketing Association or the Bonneville Power Administration pursuant to the Northwest Power Act (16 U.S.C. 839d) as in effect on the date of enactment of the Tax Reform Act of 1984.
-35-
5.4. Federally Guaranteed Investments. (a) Certain Gross Proceeds may not be invested in a manner that is considered to create a federal guarantee. The restrictions in this paragraph 5.4 applies to all Gross Proceeds except:
(i) amounts on deposit in the Project Fund prior to the earlier of three years after Closing or the date the District no longer expects to spend all such amount;
(ii) amounts on deposit in the Certificate Fund to the extent the Certificate Fund qualifies as a bona fide debt service fund described in paragraph 3.2; and
(iii) amounts in the Certificate Fund to be used to pay capitalized interest on the Certificates prior to the earlier of three years after Closing or the payment of all capitalized interest.
(b) If the District holds any Gross Proceeds other than those listed in the preceding paragraph (a), then any such Gross Proceeds in an amount in excess of five percent of the Sale Proceeds shall not be invested in:
(i) federally insured deposits or accounts, such as bank accounts and C.D.s;
(ii) Obligations of or directly or indirectly guaranteed, in whole or in part, by the United States (or any agency or instrumentality of the United States), other than the following:
(a) United States Treasury Obligations;
(b) obligations issued by the Resolution Funding Corporation pursuant to Section 21B(d)(3) of the Federal Home Loan Bank Act, as amended by Section 511 of the Financial Institutions Reform, Recovery and Enforcement Act of 1989, or any successor provision (e.g., Refcorp Strips); and
(c) obligations guaranteed by the Federal Housing Administration, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Government National Mortgage Association, the Student Loan Marketing Association or the Bonneville Power Administration pursuant to the Northwest Power Act (16 U.S.C. 839d) as in effect on the date of enactment of the Tax Reform Act of 1984.
Because of these investment limitations, after the date three years after Closing, any amounts remaining in the Project Fund must be invested in U.S. Treasury obligations (including obligations of the State and Local Government Series, known as SLGS) or otherwise invested to avoid violating the restrictions set forth in this section.
-36-
6.1. Payment and Use Tests. (a) No more than five percent of the Sale Proceeds plus investment earnings thereon (not including amounts used to pay costs of issuance and other common costs (such as capitalized interest and fees paid for a qualified guarantee or qualified hedge) and amounts invested in a reserve or replacement fund), will be used, directly or indirectly, in whole or in part, in any Private Business Use.
(b) The payment of more than five percent of the principal of or the interest on the Certificates will not be, directly or indirectly (i) secured by any interest in (A) property used or to be used in any Private Business Use or (B) payments in respect of such property or (ii) on a present value basis, derived from payments (whether or not to the District or a member of the same Controlled Group as the District) in respect of property, or borrowed money, used or to be used in any Private Business Use.
(c) No more than the lesser of five percent of the sum of the Sale Proceeds and investment earnings thereon (not including amounts used to pay costs of issuance and other common costs (such as capitalized interest and fees paid for a qualified guarantee or qualified hedge) and amounts invested in a reserve or replacement fund) or $5,000,000 will be used, directly or indirectly, to make or finance loans to any persons.
(d) No user of the Project other than a state or local governmental unit will use more than five percent of the Project, in the aggregate, on any basis other than the same basis as the general public.
6.2. I.R.S. Form 8038-G. The information contained in the Information Return for Tax-Exempt Governmental Obligations, Form 8038-G, is true and complete. The District will file Form 8038-G (and all other required information reporting forms) in a timely manner.
7.1. Termination; Interest of District in Rebate Fund. The terms and provisions set forth in this Section shall terminate at the later of (a) 75 days after the Certificates have been fully paid and retired or (b) the date on which all payments, if any, required to satisfy the Rebate Provisions of the Code have been made to the United States. Notwithstanding the foregoing, the provisions of paragraphs 4.2, 4.3(c) and 7.9 hereof shall not terminate until the third anniversary of the date the Certificates are fully paid and retired.
7.2. Separate Issue. Since a date that is 15 days prior to the date of sale of the Certificates by the District to the Purchasers, neither the District nor any member of the same Controlled Group as the District has sold or delivered any tax-exempt obligations other than the Certificates that are reasonably expected to be paid out of substantially the same source of funds as the Certificates. Neither the District nor any member of the same Controlled Group as the District will sell or deliver within 15 days after the date of sale of the Certificates any tax-exempt obligations other than the Certificates that are reasonably expected to be paid out of substantially the same source of funds as the Certificates.
-37-
7.3. No Sale of the Project. (a) Other than as provided in the next sentence, neither the Project nor any portion thereof has been, is expected to be, or will be sold or otherwise disposed of, in whole or in part, prior to the earlier of (i) the last date of the reasonably expected economic life to the District of the property (determined on the date of issuance of the Certificates) or (ii) the last maturity date of the Certificates. The District may dispose of personal property in the ordinary course of an established government program prior to the earlier of (i) the last date of the reasonably expected economic life to the District of the property (determined on the date of issuance of the Certificates) or (ii) the last maturity of the Certificates, provided: (A) the weighted average maturity of the Certificates financing the personal property is not greater than 120 percent of the reasonably expected actual use of that property for governmental purposes; (B) the District reasonably expects on the issue date that the fair market value of that property on the date of disposition will be not greater than 25 percent of its cost; (C) the property is no longer suitable for its governmental purposes on the date of disposition; and (D) the District deposits amounts received from the disposition in a commingled fund with substantial tax or other governmental revenues and the District reasonably expects to spend the amounts on governmental programs within six months from the date of the commingling.
(b) The District acknowledges that if Certificate-financed property is sold or otherwise disposed of in a manner contrary to (a) above, such sale or disposition may constitute a “deliberate action” within the meaning of the Regulations that may require prompt remedial actions to prevent interest on the Certificates from being included in gross income for federal income tax purposes. The District shall promptly contact Bond Counsel if a sale or other disposition of Certificate-financed property in a manner contrary to (a) above is considered by the District.
7.4. Purchase of Certificates by District. The District will not purchase any of the Certificates except to cancel such Certificates.
7.5. First Call Date Limitation. The period between the date of Closing and the first call date of the Certificates is not more than 10-1/2 years.
7.6. Registered Form. The District recognizes that Section 149(a) of the Code requires the Certificates to be issued and to remain in fully registered form in order that interest thereon be exempt from federal income taxation under laws in force at the time the Certificates are delivered. In this connection, the District agrees that it will maintain the Certificates in registered form and will not take any action to permit the Certificates to be issued in, or converted into, bearer or coupon form.
7.7. Future Events. The District acknowledges that any changes in facts or expectations from those set forth herein may result in different Yield restrictions or rebate requirements from those set forth herein. The District shall promptly contact Bond Counsel if such changes do occur.
-38-
7.8. Permitted Changes; Opinion of Bond Counsel. Any restriction or covenant contained in this Section need not be observed, and any provision of this Section may be changed or amended, only if (in addition to any requirements for a particular change contained elsewhere in this Section) such nonobservance, change or amendment will not result in the loss of the exclusion from gross income for federal income tax purposes of interest on the Certificates or the inclusion of interest on the Certificates as an item of tax preference in computing the alternative minimum tax for individuals and corporations under the Code and the District receives an opinion of Bond Counsel to such effect. Unless the District otherwise directs, such opinion shall be in such form and contain such disclosures and disclaimers as may be required so that such opinion will not be treated as a covered opinion for purposes of Treasury Department regulations governing practice before the IRS (Circular 230) 31 C.F.R. pt. 10.
7.9. Records Retention. The District agrees to keep and retain or cause to be kept and retained sufficient records to support the continued exclusion of the interest paid on the Certificates from federal income taxation, to demonstrate compliance with the covenants in this Resolution and to show that all tax returns related to the Certificates submitted or required to be submitted to the IRS are correct and timely filed. Such records shall include, but are not limited to, basic records relating to the Certificate transaction (including this Resolution and the Bond Counsel opinion); documentation evidencing the expenditure of Certificate proceeds; documentation evidencing the use of Certificate-financed property by public and private entities (i.e., copies of leases, management contracts and research agreements); documentation evidencing all sources of payment or security for the Certificates; and documentation pertaining to any investment of Certificate proceeds (including the information required under paragraphs 4.2 and 4.3 hereof and in particular information related to the purchase and sale of securities, SLGs subscriptions, yield calculations for each class of investments, actual investment income received from the investment of proceeds, guaranteed investment contracts and documentation of any bidding procedure related thereto and any fees paid for the acquisition or management of investments and any rebate calculations). Such records shall be kept for as long as the Certificates are outstanding, plus three (3) years after the later of the final payment date of the Certificates or the final payment date of any obligations or series of obligations issued to refund directly or indirectly all or any portion of the Certificates.
7.10. Post-Issuance Compliance Policy. The District acknowledges that the IRS encourages issuers of tax-exempt bonds to adopt written post-issuance compliance policies in addition to its bond documents, and provides certain potential benefits to issuers that do so. For example, issuers may receive more favorable terms on any voluntary settlement pursuant to the IRS’ voluntary closing agreement program if an issuer has adopted written procedures that, at a minimum, specify the official(s) with responsibility for monitoring compliance, a description of the training provided to such responsible official(s) with regard to monitoring compliance, the frequency of compliance checks (must be at least annual), the nature of the compliance activities required to be undertaken, the procedures used to timely identify and elevate the resolution of a violation when it occurs or is expected to occur, procedures for the
-39-
retention of all records material to substantiate compliance with the applicable federal tax requirements, and an awareness of the availability of the IRS’ voluntary closing agreement program and other remedial actions to resolve violations. Generally, a reference to reliance on the bond documents, without more, will not qualify as sufficient written procedures for these purposes.
The District has adopted written post-issuance compliance policies that meet the foregoing, which are contained in this Resolution. The post-issuance compliance policies do not constitute part of this Section, and the District may modify or eliminate any post-issuance compliance policies without the consent of the holders of the Certificates and without regard to paragraph 7.8.
7.11. Successors and Assigns. The terms, provisions, covenants and conditions of this Section shall bind and inure to the benefit of the respective successors and assigns of the Board and the District.
7.12. Expectations. The Board has reviewed the facts, estimates and circumstances in existence on the date of issuance of the Certificates. On the basis of the facts and estimates contained herein, the District has adopted the expectations contained herein. Such expectations are reasonable and there are no other facts, estimates and circumstances that would materially change such expectations. The District also agrees and covenants with the purchasers and holders of the Certificates from time to time outstanding that, to the extent possible under Illinois law, it will comply with whatever federal tax law is adopted in the future which applies to the Certificates and affects the tax-exempt status of the Certificates.
The Board hereby authorizes the officials of the District responsible for issuing the
Certificates, the same being the Chairman, Secretary and Treasurer, to make such further covenants and certifications as may be necessary to assure that the use thereof will not cause the
Certificates to be arbitrage bonds and to assure that the interest on the Certificates will be exempt from federal income taxation. In connection therewith, the District and the Board further agree:
(a) through their officers, to make such further specific covenants, representations as shall be truthful, and assurances as may be necessary or advisable; (b) to consult with counsel approving the Certificates and to comply with such advice as may be given; (c) to pay to the United States, as necessary, such sums of money representing required rebates of excess arbitrage profits
-40-
relating to the Certificates; (d) to file such forms, statements, and supporting documents as may be required and in a timely manner; and (e) if deemed necessary or advisable by their officers, to employ and pay fiscal agents, financial advisors, attorneys, and other persons to assist the
District in such compliance.
Section 14. List of Certificateholders. The Certificate Registrar shall maintain a list of the names and addresses of the holders of all Certificates and upon any transfer shall add the name and address of the new Certificateholder and eliminate the name and address of the transferor Certificateholder.
Section 15. Duties of Certificate Registrar. If requested by the Certificate Registrar, the
Chairman and Secretary are authorized to execute the Certificate Registrar’s standard form of agreement between the District and the Certificate Registrar with respect to the obligations and duties of the Certificate Registrar hereunder which may include the following:
(a) to act as certificate registrar, authenticating agent, paying agent and transfer agent as provided herein;
(b) to maintain a list of Certificateholders as set forth herein and to furnish such list to the District upon request, but otherwise to keep such list confidential;
(c) to give notice of redemption of Certificates as provided herein;
(d) to cancel and/or destroy Certificates which have been paid at maturity or upon earlier redemption or submitted for exchange or transfer;
(e) to furnish the District at least annually a certificate with respect to Certificates cancelled and/or destroyed; and
(f) to furnish the District at least annually an audit confirmation of Certificates paid, Certificates outstanding and payments made with respect to interest on the Certificates. Section 16. Record-Keeping Policy and Post-Issuance Compliance Matters. It is necessary and in the best interest of the District to maintain sufficient records to demonstrate compliance with its covenants and expectations to ensure the appropriate federal tax status for
-41-
the Certificates and other debt obligations of the District, the interest on which is excludable from “gross income” for federal income tax purposes or which enable the District or the holder to receive federal tax benefits, including, but not limited to, qualified tax credit bonds and other specified tax credit bonds (including the Certificates, the “Tax Advantaged Obligations”).
Further, it is necessary and in the best interest of the District that (i) the Board adopt policies with respect to record-keeping and post issuance compliance with the District’s covenants related to its Tax Advantaged Obligations and (ii) the Compliance Officer (as hereinafter defined) at least annually review the District’s Contracts (as hereinafter defined) to determine whether the
Tax Advantaged Obligations comply with the federal tax requirements applicable to each issue of the Tax Advantaged Obligations. The Board and the District hereby adopt the following
Record-Keeping Policy and, in doing so, amend any similar Record-Keeping Policy or Policies heretofore adopted:
(a) Compliance Officer Is Responsible for Records. The Treasurer (the “Compliance Officer”) is hereby designated as the keeper of all records of the District with respect to each issue of the Tax Advantaged Obligations, and such officer shall report to the Board at least annually that he/she has all of the required records in his/her possession, or is taking appropriate action to obtain or recover such records.
(b) Closing Transcripts. For each issue of Tax Advantaged Obligations, the Compliance Officer shall receive, and shall keep and maintain, a true, correct and complete counterpart of each and every document and agreement delivered in connection with the issuance of the Tax Advantaged Obligations, including without limitation (i) the proceedings of the District authorizing the Tax Advantaged Obligations, (ii) any offering document with respect to the offer and sale of the Tax Advantaged Obligations, (iii) any legal opinions with respect to the Tax Advantaged Obligations delivered by any lawyers, and (iv) all written representations of any person delivered in connection with the issuance and initial sale of the Tax Advantaged Obligations.
(c) Arbitrage Rebate Liability. The Compliance Officer shall review the agreements of the District with respect to each issue of Tax Advantaged Obligations and shall prepare a report for the Board stating whether or not the District has any rebate liability to the United States Treasury, and setting forth any applicable exemptions that each issue of Tax Advantaged Obligations may have from rebate liability. Such report shall be updated annually and delivered to the Board.
-42-
(d) Recommended Records. The Compliance Officer shall review the records related to each issue of Tax Advantaged Obligations and shall determine what requirements the District must meet in order to maintain the tax-exemption of interest paid on its Tax Advantaged Obligations, its entitlement to direct payments by the United States Treasury of the applicable percentages of each interest payment due and owing on its Tax Advantaged Obligations, and applicable tax credits or other tax benefits arising from its Tax Advantaged Obligations. The Compliance Officer shall then prepare a list of the contracts, requisitions, invoices, receipts and other information that may be needed in order to establish that the interest paid on the Tax Advantaged Obligations is entitled to be excluded from “gross income” for federal income tax purposes, that the District is entitled to receive from the United States Treasury direct payments of the applicable percentages of interest payments coming due and owing on its Tax Advantaged Obligations, and the entitlement of holders of any Tax Advantaged Obligations to any tax credits or other tax benefits, respectively. Notwithstanding any other policy of the District, such retained records shall be kept for as long as the Tax Advantaged Obligations relating to such records (and any obligations issued to refund the Tax Advantaged Obligations) are outstanding, plus three years, and shall at least include:
(i) complete copies of the transcripts delivered when any issue of Tax Advantaged Obligations is initially issued and sold;
(ii) copies of account statements showing the disbursements of all Tax Advantaged Obligation proceeds for their intended purposes, and records showing the assets and other property financed by such disbursements;
(iii) copies of account statements showing all investment activity of any and all accounts in which the proceeds of any issue of Tax Advantaged Obligations has been held or in which funds to be used for the payment of principal of or interest on any Tax Advantaged Obligations has been held, or which has provided security to the holders or credit enhancers of any Tax Advantaged Obligations;
(iv) copies of all bid requests and bid responses used in the acquisition of any special investments used for the proceeds of any issue of Tax Advantaged Obligations, including any swaps, swaptions, or other financial derivatives entered into in order to establish that such instruments were purchased at fair market value;
(v) copies of any subscriptions to the United States Treasury for the purchase of State and Local Government Series (SLGS) obligations;
(vi) any calculations of liability for arbitrage rebate that is or may become due with respect to any issue of Tax Advantaged Obligations, and any calculations prepared to show that no arbitrage rebate is due, together, if applicable, with account statements or cancelled checks showing the payment of
-43-
any rebate amounts to the United States Treasury together with any applicable IRS Form 8038-T; and
(vii) copies of all contracts and agreements of the District, including any leases (the “Contracts”), with respect to the use of any property owned by the District and acquired, constructed or otherwise financed or refinanced with the proceeds of the Tax Advantaged Obligations effective at any time when such Tax Advantaged Obligations are, will or have been outstanding. Copies of contracts covering no more than 50 days of use and contracts related to District employees need not be retained.
(e) IRS Examinations or Inquiries. In the event the IRS commences an examination of any issue of Tax Advantaged Obligations or requests a response to a compliance check, questionnaire or other inquiry, the Compliance Officer shall inform the Board of such event, and is authorized to respond to inquiries of the IRS, and to hire outside, independent professional counsel to assist in the response to the examination or inquiry.
(f) Annual Review. The Compliance Officer shall conduct an annual review of the Contracts and other records to determine for each issue of Tax Advantaged Obligations then outstanding whether each such issue complies with the federal tax requirements applicable to such issue, including restrictions on private business use, private payments and private loans. The Compliance Officer is expressly authorized, without further official action of the Board, to hire outside, independent professional counsel to assist in such review. To the extent that any violations or potential violations of federal tax requirements are discovered incidental to such review, the Compliance Officer may make recommendations or take such actions as the Compliance Officer shall reasonably deem necessary to assure the timely correction of such violations or potential violations through remedial actions described in the United States Treasury Regulations, or the Tax Exempt Bonds Voluntary Closing Agreement Program described in Treasury Notice 2008-31 or similar program instituted by the IRS.
(g) Training. The Compliance Officer shall undertake to maintain reasonable levels of knowledge concerning the rules related to tax-exempt bonds (and build America bonds and tax credit bonds to the extent the District has outstanding build America bonds or tax-credit bonds) so that such officer may fulfill the duties described in this Section. The Compliance Officer may consult with counsel, attend conferences and presentations of trade groups, read materials posted on various web sites, including the web site of the Tax Exempt Bond function of the IRS, and use other means to maintain such knowledge. Recognizing that the Compliance Officer may not be fully knowledgeable in this area, the Compliance Officer may consult with outside counsel, consultants and experts to assist him or her in exercising his or her duties hereunder. The Compliance Officer will endeavor to make sure that the District’s staff is aware of the need for continuing compliance. The Compliance Officer will provide copies of this Resolution and the Tax Exemption Certificate and Agreement or other applicable tax documents for each series of Tax Advantaged Obligations then currently outstanding (the “Tax Agreements”) to
-44-
staff members who may be responsible for taking actions described in such documents. The Compliance Officer should assist in the education of any new Compliance Officer and the transition of the duties under these procedures. The Compliance Officer will review this Resolution and each of the Tax Agreements periodically to determine if there are portions that need further explanation and, if so, will attempt to obtain such explanation from counsel or from other experts, consultants or staff.
(h) Amendment and Waiver. The procedures described in this Section are only for the benefit of the District. No other person (including an owner of a Tax Advantaged Obligation) may rely on the procedures included in this Section. The District may amend this Section and any provision of this Section may be waived, without the consent of the holders of any Tax Advantaged Obligations and as authorized by passage of a resolution by the Board. Additional procedures may be required for Tax Advantaged Obligations the proceeds of which are used for purposes other than capital governmentally owned projects or refundings of such, including tax increment financing bonds, bonds financing output facilities, bonds financing working capital, or private activity bonds. The District also recognizes that these procedures may need to be revised in the event the District enters into any derivative products with respect to its Tax Advantaged Obligations. Section 17. Severability. If any section, paragraph, clause or provision of this
Resolution shall be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such section, paragraph or provision shall not affect any of the remaining provisions of this Resolution.
-45-
Section 18. Repeal. All resolutions or parts thereof in conflict herewith be and the same are hereby repealed, and this Resolution shall be in full force and effect forthwith upon its adoption.
Adopted February 24, 2015.
______Chairman, Board of Trustees
______Secretary, Board of Trustees
-46-
EXHIBIT I
WORK CONTRACTS
Trustee ______moved and Trustee ______seconded the motion that said resolution as presented and read by title be adopted.
After a full discussion thereof, the Chairman directed that the roll be called for a vote upon the motion to adopt said resolution.
Upon the roll being called, the following Trustees voted AYE: ______
______and the following Trustees voted NAY: ______
______.
Whereupon the Chairman declared the motion carried and said resolution adopted, approved and signed the same in open meeting and directed the Secretary to record the same in full in the records of the Board of Trustees of Community College District No. 511, Counties of
Winnebago, Ogle, Boone, Stephenson, DeKalb and McHenry and State of Illinois, which was done.
Other business not pertinent to the adoption of said Resolution was duly transacted at said meeting.
Upon motion duly made, seconded and carried, the meeting was adjourned.
______Secretary, Board of Trustees
STATE OF ILLINOIS ) ) SS COUNTY OF WINNEBAGO )
CERTIFICATION OF MINUTES
I, the undersigned, do hereby certify that I am the duly qualified and acting Secretary of the Board of Trustees of Community College District No. 511, Counties of Winnebago, Ogle, Boone, Stephenson, DeKalb and McHenry and State of Illinois (the “Board”), and as such official am the keeper of the records and files of the Board.
I further certify that the foregoing is a full, true and complete transcript of that portion of the minutes of the meeting of the Board held on the 24th day of February, 2015, insofar as the same relates to the adoption of a resolution entitled:
RESOLUTION authorizing and providing for an Installment Purchase Agreement for the purpose of paying the cost of purchasing real or personal property, or both, in and for Community College District No. 511, Counties of Winnebago, Ogle, Boone, Stephenson, DeKalb and McHenry and State of Illinois, and for the issue of $30,000,000 Debt Certificates, Series 2015A, and $10,000,000 Debt Certificates, Series 2015B, of said Community College District, evidencing the rights to payment under said Agreement, providing for the security for and means of payment under said Agreement of said Certificates, and authorizing the sale of the Certificates to the purchasers thereof. a true, correct and complete copy of which said resolution as adopted at said meeting appears in the foregoing transcript of the minutes of said meeting.
I do further certify that the deliberations of the Board on the adoption of said resolution were conducted openly, that the vote on the adoption of said resolution was taken openly, that said meeting was held at a specified time and place convenient to the public, that notice of said meeting was duly given to all of the news media requesting such notice, that an agenda for said meeting was posted at the location where said meeting was held and at the principal office of the Board at least 96 hours in advance of the holding of said meeting, that at least one copy of said agenda was continuously available for public review during the entire 96-hour period preceding said meeting, that a true, correct and complete copy of said agenda as so posted is attached hereto as Exhibit A, that said meeting was called and held in strict compliance with the provisions of the Open Meetings Act of the State of Illinois, as amended, and with the provisions of the Public Community College Act of the State of Illinois, as amended, and that the Board has complied with all of the provisions of said Acts and with all of the procedural rules of the Board.
IN WITNESS WHEREOF, I hereunto affix my official signature, this 24th day of February, 2015.
______Secretary, Board of Trustees
-2-
STATE OF ILLINOIS ) ) SS COUNTY OF WINNEBAGO )
FILING CERTIFICATE
We, the undersigned, do hereby certify that we are the duly qualified and acting Secretary and Treasurer of the Board of Trustees (the “Board”) of Community College District No. 511,
Counties of Winnebago, Ogle, Boone, Stephenson, DeKalb and McHenry and State of Illinois
(the “District”) and as such officials we do hereby certify that on the 24th day of February,
2015, there was filed in our respective offices and has been deposited in the official files and our respective records a duly certified copy of a resolution, duly adopted by the Board on the
24th day of February, 2015, entitled:
RESOLUTION authorizing and providing for an Installment Purchase Agreement for the purpose of paying the cost of purchasing real or personal property, or both, in and for Community College District No. 511, Counties of Winnebago, Ogle, Boone, Stephenson, DeKalb and McHenry and State of Illinois, and for the issue of $30,000,000 Debt Certificates, Series 2015A, and $10,000,000 Debt Certificates, Series 2015B, of said Community College District, evidencing the rights to payment under said Agreement, providing for the security for and means of payment under said Agreement of said Certificates, and authorizing the sale of the Certificates to the purchasers thereof. together with any Work Contracts identified by the adoption of said resolution and attached thereto as Exhibit 1, and that the same has been deposited in, and all as appears from, the official files and records of our respective offices.
IN WITNESS WHEREOF, I hereunto affix our official signatures, this 24th day of February,
2015.
______Secretary, Board of Trustees
______Treasurer, Board of Trustees
-2-