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Messages from the President and Vice President for Business and Finance

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Messages from the President and Vice President for Business and Finance Messages from the President and Vice President for Business and Finance Steve Jobs, arguably one of the most remarkable visionaries of the twenty-first century, commented at an Apple shareholders’ meeting, “We believe that people with passion can change the world for the better.” As 2011 comes to a close, Oakton can point with pride to an impassioned group of people who daily devote their lives to making the world a better place by empowering our students with the knowledge and skills they will need for meaningful lives of work and service. This year’s Report to the Community documents significant progress in realizing the goals and objectives set forth in Change Matters, the strategic plan for 2008-2012 that has galvanized the College’s commitment to student success. Through the tireless work of faculty, staff, and administrators, the Oakton community focused on initiatives that enriched and engaged our students inside and outside the classroom—from participating in the NASA Lunabotics Mining Competition to exploring the connection between healthy food and a healthy planet. In addition, the College made significant progress in launching the $68.5 million Master Plan that will result in a new building for science and health careers; expanded spaces for the Enrollment Center, as well as Student Activities and Student Life; upgrades for 50 classrooms at the Des Plaines campus; and infrastructure improvements that will provide a sustainable learning and working environment. Oakton also embarked on two vital partnerships that will advance the national agenda for higher education. A new agreement with DePaul University will offer an extra incentive for students to finish their bachelor’s degree, and Northern Illinois University will make it possible for our nursing students to continue their education and earn a master of science in nursing in less than three years. Serving students well requires all of us—regardless of our roles or titles—to share in the essential work that changes lives—and makes the world a more meaningful and better place. As Helen Keller reminds us, “Alone we can do so little; together we can do so much.” Margaret B. Lee, President Oakton’s Popular Annual Financial Report (PAFR) for the fiscal year ended June 30, 2011, provides a snapshot of Oakton’s financial performance and major initiatives as well as an overview of trends in the local economy. Above all, the report represents the College’s commitment to inform members of the community about the College’s finances. The financial information contained in this report derives from the 2011 Comprehensive Annual Financial Report (CAFR), prepared in conformity with Generally Accepted Accounting Principles (GAAP). This report does not replace the CAFR, but includes important details relevant to the College’s fiscal condition. Audited by Sikich, the CAFR received an unqualified opinion. As you review our Financial Statement beginning on page 20, I invite you to share any questions, concerns, or recommendations. For those seeking a deeper understanding of the College’s finances, a copy of the CAFR and additional financial information are available at www.oakton.edu/cafr. Carl F. Costanza, Vice President for Business and Finance Be the yardstick of quality. Some people aren’t used to an environment where excellence is expected. — Steve Jobs 1 GOAL ACADEMIC EXCELLENCE OBJECTIVE We will uphold the preeminence of academic excellence as the engine that drives decision-making at Oakton. PROGRESS New Faculty National Scholarship Winners Oakton’s Science and Health Careers Two Oakton students garnered prestigious Teaching Excellence Division welcomed Victoria Fils, national scholarships. Kyle Van den Camille Harrison, professor of modern Ed.D., professor of health information Bosch, the College’s 2011 Commencement languages, and Larry Cohen, instructor technology. Fils received her doctoral speaker, was among 80 students in the of accounting, received and master’s degrees in public health country to receive a Morris K. Udall the 2011 Ray from Benedictine University, and and Stewart L. Udall Foundation Hartstein Awards her bachelor of science degree from Scholarship for his for Outstanding National Louis University. commitment to an Professional environment-related Excellence in All the World’s a Stage career. Dayani Pieri Teaching. Named for Oakton expanded its Performing Arts was one of 20 stu- the founding member curriculum with the addition of a new dents nationwide of Oakton’s Board of Theater Concentration. The 18-credit- to earn a $5,000 Trustees, the annual award honors one hour program provides students with the Guistwhite full-time and one part-time faculty opportunity to hone their showmanship Scholarship, which member. Nominees skills while completing general education recognizes the scholarly achievements must demonstrate requirements. The curriculum includes of Phi Theta Kappa (PTK) members. excellence in teaching fundamental courses in Acting and PTK, the international honor society for and respect for Stagecraft, while offering electives in two-year colleges, also named Van den students and peers. Speech, Humanities, and Literature. Bosch and Pieri as 2011 Coca-Cola Following a review Community College Academic Team by the Student Skyway Success Gold Scholars, providing each with an Government Oakton students took home top honors additional $1,500 scholarship. Association, the in two competitions sponsored by the Oakton Educational Foundation’s Grants Illinois Skyway Collegiate Conference. Blue Ribbon Technology Gurus Jacob Hsiao and Danny Lee received Committee selects the winners. Oakton’s Association of Information “Best in Show” in the juried 2011 Skyway Technology Professionals Chapter came New Degrees and Certificates Art Competition for their stop-action out on top at the AITP National Committed to responding to community animated film, Nuts and Bolts. Agnieska Conference in Orlando, Florida. Students needs and the changing educational Starzec, Jinu Thomas, and Kyle Van den Scott Andrews, Brad Campbell, Elena landscape, the College offered new Bosch earned first place in the Biological Papastefan, Kathy Ryan, and Daniel degree programs in Network Security Sciences Category of the Second Annual Wilczak captured first place in the Web Administration and Radiologic Science, Technology, Engineering, and design competition, which challenged Technology. New certificate programs Math (STEM) Poster Competition for teams to build a Web site for a nonprofit include Air Conditioning, Heating, their display, “Effects of plant growth organization. Oakton’s winning entry for and Refrigeration Technology; regulators on the inhibition of tomato The South Church in Mount Prospect, Industrial/Commercial Electrical seed germination by allelo chemicals in Illinois, finished ahead of 19 other Maintenance; and Person-Centered the berries of common buckthorns.” contenders from around the nation. In the Elder Support. Paralegal Studies, also In the Math/Technology Category, banner competition, Ryan won second new, offers both an associate’s degree and John Kowols took second place for his place in the professional category and a certificate program. exhibit featuring a solar updraft tower. third place in the artistic category. 3 Nurse Educator develop an ad for LifeSource, the largest beef. In eight mini-classes, Oakton Dawn Kuerschner, associate professor blood center in Illinois. The team’s 60- faculty members did what they do best: of nursing, received a $10,000 Nurse second radio spot, “Share Your Blood, engage, enlighten, and educate. Topics Educator Fellowship from the Illinois Show Your Love,” encouraged college ranged from eastern medicine and Board of Higher Education (IBHE) to students to donate blood. LifeSource media literacy to the ecological impact pursue professional development activities. featured the ad during its fall 2010 of invasive species, urban farming, and The funds will help Kuerschner complete advertising campaign. Fellow student finding one’s creative edge. her doctorate in education, with a focus Ross Donewald received a “Best Video” Early Childhood Education Library on nursing education—skills she’ll bring award in the same contest. Launched with a $3,500 grant from back to her students at Oakton. Inspired Teaching Oakton’s Educational Foundation, a new Mad Men (and Women) Some 200 participants came to the Des collection in the library at the Skokie Introduction to Advertising students Plaines campus for “We Are Oakton: 40 campus now offers early childhood edu- Quinn Carson, Agnieszka Kowalczyk, Years of Inspired Teaching” in November cation students and faculty members a rich Andrew Rosset, Natasha Shino, and 2010. Hosted by Oakton’s Educational variety of supplemental teaching materials, Judith Wojnar captured the $500 first Foundation, the event showcased a including activity resource books, chil- prize in Best New Ad.com’s contest to number of the College’s stellar faculty. dren’s literature, and multimedia kits. Keynoter Bill Kurtis, CBS- Health Care Boost Channel 2 With a $10,000 grant from the Rice anchorman, Foundation, the Division of Science and spoke on “Eating Health Careers purchased a medication for the Earth,” dispenser station simulator and its and recounted supporting software. The new equipment his experience will enhance learning for students founding the enrolled in pharmaceutical preparation, Tallgrass Beef pharmacy technology, and nursing by Company, which providing “real world” experience with raises and mar- the
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