2012 PRESIDENT’S REPORT TOTHECOMMUNITY Messages from the President and Vice President for Business and Finance

In The Philosophy of Andy Warhol, the legendary 1960s pop artist notes, “They always say time changes things, but you actually have to change them yourself.” For the past five years, Oakton faculty, staff, and administrators have shared the common purpose of effecting meaningful changes on campus to advance the goals and objectives of Change Matters, the College’s strategic plan for 2008–2012. I could not be more proud of the many achievements that position us well to move into the next five years.

As 2012 comes to a close, Oakton can boast about the learning that transforms lives and the teaching and support that make that kind of learning possible. Indeed Change Matters provided the blueprint for equipping students with the knowledge and skills they need not just for their first or next job, but for lives of meaningful work and continued learning.

This year’s Report to the Community documents the many initiatives that enriched and engaged our students inside and outside the classroom—from paying tribute to those who lost their lives on September 11, 2001, to celebrating Earth Day with dozens of activities that reminded us about the commitment to “be green.”

In addition, the College broke ground for the 93,000-square-foot Science and Health Careers Center that will transform learning and underscore Oakton’s well-deserved reputation as an anchor and indispensable resource for residents in northern Cook County. Oakton also embarked on a vital partnership with Roosevelt University that will offer an extra incentive for students to finish their bachelor’s degree at one of Chicago’s most respected institutions of higher education.

As the pages of this document show, serving students well requires all of us—regardless of our roles or titles—to share in the essential work that encourages, enables, inspires, and supports student success. Doing that work requires us all to embrace change. As George Bernard Shaw reminds us, “Progress is impossible without change.”

Margaret B. Lee, President

Oakton’s Popular Annual Financial Report (PAFR) for the fiscal year ended June 30, 2012, provides a snapshot of the College’s financial performance and major initiatives as well as an overview of trends in the local economy. Above all, the report represents Oakton’s commitment to inform members of the community about the College’s finances.

The financial information contained in this report derives from the 2012 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

1 GOAL Academic Excellence

OBJECTIVE We will uphold the preeminence of academic excellence as the engine that drives decision-making at Oakton.

Teaching Excellence Hollace Graff (above), professor and chair of philosophy, and Shelley Cohen, instructor of psychology, received the 2012 Ray Hartstein Awards for Outstanding Professional Excellence in Teaching. Named for the founding member of the College’s Board of Trustees, the annual award honors one full-time and one part-time faculty member. Following a review by the Student Government Association, the Oakton Educational Foundation’s Grants Committee selects the winners. Jewish Studies The Department of Historical and Policy Studies launched a new 18-credit-hour interdisciplinary Jewish Studies Concentration. The curriculum, only offered at one other community college in the country, includes two core courses—Introduction to Jewish Studies and Holocaust Studies—with electives in art, global issues, Hebrew, history, and literature. The Jewish Studies Concentration also sponsors a lecture series, symposia, presentations, and film screenings—free and open to the community. Faculty Honors Oakton faculty members garnered a number of prestigious honors. John D’Anca, professor of student development and psychology, received a Distinguished Service Award from the Illinois Mental Health Counselors Association (IMHCA), and Don Jacobson, instructor of history, traveled across New Mexico as part of the highly competitive National Endowment for the Humanities workshop, “Georgia O’Keeffe: Santa Fe, Abiquiú, and the New Mexico Landscape.” The Illinois CPA Society selected Leslie Van Wolvelear, associate professor of accounting, as 2012 Outstanding Educator for two-year colleges in Illinois. In the English Department, Professor Madhuri Deshmukh attended Kenyon College’s Review Writers Workshop in Ohio, and Professor Carol Bustamante and Assistant Professor Lori Oster participated in Appalachian State University’s exclusive four-week Kellogg Institute for the Training and Certification of Developmental Educators. Kellogg, located in Boone, North Carolina, offers the nation’s longest- running advanced training program for developmental educators and learning skills specialists. Senator Durbin on Campus In October 2011, U.S. Senator Richard Durbin (right) met with a group of Oakton employees to reaffirm his commitment to community colleges in light of the competition from for-profit colleges—many of them non-accredited. The Senator highlighted the advantages of Illinois’ 48 community colleges, which offer affordable, accessible educational options for residents.

2 Nursing Program Reaccreditation The National League for Nursing Accreditation Commission (NLNAC) reaccredited Oakton’s nursing program through 2019—the maximum allowable time period. The year-long reaccredi- tation process began with an extensive self-analysis of the program’s administra- tive capacity, faculty and staff, students, curriculum, resources, and outcomes. A site visit by the NLNAC team included meetings with faculty, administrators, students, and clinical site staff—and provided opportunities for public feedback. Students Shine Christina Wheeler, who graduated from Oakton in 2012, was one of 60 students nationwide to receive a prestigious Jack Kent Cooke Foundation Undergraduate Transfer Scholarship. More than 780 nominees vied for the scholarships, which provide up to $30,000 annually to complete a four-year degree. Last fall, Wheeler began her studies at Iowa State University in biological/pre-medical illustration. Phi Theta Kappa (PTK), the international honor society for two-year colleges, named students Jason Freeman and Jennifer Koval to the 2012 All-Illinois Academic Team, a division of the All-USA Team for community colleges. STEM Conference Climate Change: Impact and Opportunities, Oakton’s 2011 Conference for Promoting STEM (science, technology, engineering, and mathe- matics), attracted faculty from area colleges and high schools to brainstorm some “out of the box” thinking. While math and statistics do play a role in predicting climate change, keynoter Deborah Hughes Hallett (right), math professor at the University of Arizona and adjunct professor of public policy at Harvard University’s Kennedy School of Government, noted that multiple disciplines must be brought to bear on global warming challenges. Participants explored how to train the next generation of climate change experts by weaving geography, history, mathematics, and science into a comprehensive curriculum. Skyway Stars Oakton students grabbed the brass ring in three competitions sponsored by the Illinois Skyway Collegiate Conference. Jeannine Hills-Perkins’ New York State and North to South won first place in the Writer’s Competition poetry category, and Kalin Luy Ken and Oscar Yaguian received Awards of Excellence for their ceramic projects in the juried 2012 Skyway Art Competition. John Kowols and Hardik Prajapati earned third place in the Math/Physics/Technology Category of the Science, Technology, Engineering, and Math (STEM) Poster Competition for their display, “Microclimate Analysis of the Oakton Community College Campus.” Automotive Technology Career Pathway Collaborating with local high schools and industry representatives, Oakton developed a career pathway for students interested in automotive technology. Used by high school counselors, as well as College faculty and academic advisors, the tool guides students from high school through a four-year degree, listing appropriate courses along the way—from ninth-grade Algebra I to college-level Advanced Solid Modeling CAD. Oakton also offers automotive technology programs of study customized for in-district public high schools, highlighting specific courses that facilitate a smooth transition to Oakton. Blue Ribbon Repeat The College’s Association of Information Technology Professionals (AITP) Chapter continued its winning streak at the AITP National Collegiate Conference in San Antonio, Texas last March. Students Robyn Alexander, Scott Andrews, Patrick Keenan, and Elena Papastefan received first place in the Web design competition that challenged teams to build a site for a nonprofit organization. Oakton’s entry for the Lombard Junior Women’s Club finished ahead of 15 other competitors (five of them two-year colleges) from around the nation.

Focus on Frankenstein Oakton students played a key role during the seventh annual Great Books Student Symposium at Chicago’s Harold Washington College. In April 2012, students and faculty from Harold Washington, Oakton, and Wilbur Wright College spent a day delving into Mary Shelley’s Frankenstein. Students Daniel Quinn and Claudia Mroczkowski presented their own essays on the topic, while Megan Hoshaw and David Murillo served as leaders for the spirited discussion that followed. Oakton will host the 2013 Symposium, which turns the spotlight on Sophocles’ Antigone.

3 GOAL WISE Student Services

4 OBJECTIVE We will involve all employee groups in developing, enhancing, and delivering services that welcome, inform, support, and engage our students.

Call Me Maybe “How do I find the Skokie campus?” “When is my tuition due?” “Where can I purchase textbooks?” Every semester, thousands of phone calls flood Oakton’s switchboard—all skillfully handled by the College’s Call Centers. Each spring and fall, approximately 30 employees volunteer to staff the Center, providing information about registration, tuition, financial aid, and more. Last year, Oakton’s two Call Centers fielded 15,236 inquiries. Nursing Partnership Oakton nursing graduates can stay on familiar turf as they move on to earn their four-year degrees. Through a new partnership, Northern Illinois University (NIU) offers a bachelor’s degree completion program for registered nurses on site at the College. Now at the Des Plaines campus, RN students accepted into NIU’s program can complete their degrees. Military Friendly College G.I. Jobs magazine dubbed Oakton a “Military Friendly School,” based on a survey of more than 8,000 institutions of higher learning nationwide. The honor places the College in the top 15 percent of colleges, universities, and trade schools going “above and beyond” to embrace America’s military veterans and ensure their success on campus. At Oakton, a full-time veteran and workforce specialist provides support for all veterans attending the College by helping them navigate the admissions process and identify opportunities for state and federal financial aid. Raiders Score Oakton’s men’s soccer team won the Illinois Skyway Collegiate Conference (ISCC) championship for a fourth consecutive year in 2011. The ISCC named Coach Steve Brody Soccer Coach of the Year, and bestowed the Soccer Player of the Year title on sophomore forward Prince Lapnet, who scored 14 goals in seven conference matches. Sophomore cross country team captain Martin Chavez (opposite page)—ISCC Men’s Runner of the Year—captured first place at the 8K ISCC Championship. Chavez and freshman Angelina McNeela moved on to qualify for the National Junior College Athletic Association (NJCAA) Division I Cross Country National Championships at New Mexico Junior College. Four members of the outdoor track and field team—Kenny Alferes, Todd Brady, Chavez, and Haider Sheikh—qualified for the 4 x 800 meter relay at the NJCAA Division I Outdoor Track and Field National Championships in Levelland, Texas. Sophomore Nick Adamovic, Oakton’s top single tennis player, won his division’s individual championship at the NJCAA Region IV Tournament and captured Region IV Player of the Year. The men’s tennis team then traveled to Plano, Texas, for a third consecutive NJCAA Division I National Tournament under head coach Neal Sipkovsky, finishing 26th in the nation. In May 2012, coach Bill Fratto (right) guided the Raiders’ baseball squad to a first-place finish in the ISCC— and earned Baseball Coach of the Year. Journey to Success In 2011, Oakton launched a new orientation pro- gram for incoming freshmen. “Journey to Success” includes a day-long orientation and a “passport” that encourages students to attend other events and activities throughout the fall. This year, participants also created their own “roadmaps” for the journey: educational plans for the semester and beyond. The program pays off. Eighty-six percent of students who attended fall orientation re-enrolled for the spring 2012 semester—compared with 77 percent of their peers who did not participate. Moving On Up Oakton’s February 2012 Transfer Fair attracted more than 400 traditional-age and adult learners. Fifty-eight Midwest colleges and universities were on hand to provide information. Oakton students transfer to more than 600 colleges and universities around the country.

E-Z Pay Managing tuition payments is a snap with Oakton’s new online system. E-Z Pay offers students a monthly payment plan, flexible payment options, and a low enrollment fee. The interest-free system can help students avoid the risk of being dropped for non-payment .

5 Fall Fest When the air gets crisp and the leaves start to turn, Oakton students head for Fall Fest (above). Each autumn, the Office of Student Life hosts a Fest at both campuses, highlighting the College’s many options to become involved. In September 2011, approximately 900 students stopped by to grab a burger and check out more than 80 clubs, organizations, and special programs. From the Chess Club and the Future Teachers Association to the Cheer and Dance Team, Filipino American Youth Organization, and Women’s and Gender Studies Program, Oakton students can find a way to fit in and follow their passion. Roosevelt Partnership A new Dual Degree Program agreement signed by Oakton President Margaret Lee and Roosevelt University President Charles Middleton (right) guarantees Oakton students acceptance to Roosevelt once they complete their associate’s degrees. To ensure a smooth transition, the University created transfer credit guides for specific programs, including a bachelor of science degree in business administration. Other degree completion articulations in the works include a bachelor of science degree in computer science; a bachelor of arts or science degree in math with a secondary education certification; and bachelor of arts degrees in information technology, integrated marketing commu- nications, and psychology. At Roosevelt, Dual Degree Program students receive a tuition discount based on their Oakton GPA. Adult Literacy Grant Oakton again received a $25,000 adult literacy grant from Chicago Tribune Charities, a fund of the McCormick Tribune Foundation, for the College’s Volunteers in Teaching Adults (VITA) program. The grant pays for volunteer training and the purchase of instructional supplies for those working with students seeking to enhance their English speaking, reading, and writing skills. Last year, the College provided free English as a Second Language (ESL) classes to approximately 3,400 students. Stellar Staff Oakton’s faculty members help students reach their academic goals with every course they teach. But the College also boasts stellar staff members who support student success beyond the classroom. Vice President of Student Affairs Joianne Smith received the 2011 National Association of Student Personnel Administrators (NASPA) Region IV East Community College Professional Award for creating a campus environment that promotes learning and addresses the emergency needs of students. The Illinois Skyway Collegiate Conference (ISCC) Hall of Fame inducted Ann Marie Barry (left), director of Student Life, in recognition of her long and outstanding service in ISCC’s co-curricular programs.

6 GOAL Model Work Environment

OBJECTIVE We will develop a model work environment to attract and retain a diverse work force that is best able to serve Oakton students and the community.

Art Matters The Koehnline Museum of Art acquired more than 40 works on paper by German artist Georg Stahl (1903-1982) from the artist’s estate. Stahl, a victim of Hitler’s "cultural purification," immigrated to the Netherlands in 1930 when labeled politically undesirable and artistically "degenerated.” At the Des Plaines campus, weary walkers can take a seat on Releasefest (above), which evokes an oversized typewriter keyboard. Created by Swedish-born artist Maria Jönsson, the sculpture typifies her work, which focuses on the function of language, translation, and creativity. Connecting What Matters As Oakton’s 2007-2012 strategic plan, Change Matters, drew to a close, the College began work on Connecting What Matters, a new blueprint for 2013-2017. Creating a shared vision requires stakeholder input, and in September 2011, Oakton kicked off the process with a College-wide conversation. Organized around key themes—academic excellence, student success, diversity, and community engagement—some 200 faculty, staff, students, Educational Foundation Board members, and Trustees met to brainstorm about how the College could best serve students and the District. Throughout the year, employee meetings, Board updates, and a poll of more than 300 community leaders ensured that Connecting What Matters reflects key priorities. The final plan—adopted by the Board of Trustees in April 2012—addresses national and state com- pletion and transfer targets, and includes three overarching goals: student success, academic excellence, and connected communities. Top Employer Historically Black Colleges and Universities (HBCU) Connect named Oakton one of 2011’s Top 50 Employers. The list recognizes companies and organizations that aggressively target students and alumni from the nation’s 105 historically Black colleges and universities. HBCU included only three community colleges on its list. Professional Development To keep employee skills sharp, the College offered more than 180 professional development opportunities during the 2011-2012 academic year. Options included leadership and management training as well as refresher courses on everything from Microsoft Office to Desire2Learn, the College’s distance learning software. Academic seminars touched on thinking critically, incorporating geo-literacy in the classroom, and reading in the age of iPads. A series of workshops provided insight on understanding immigration issues, eliminating racism, building intergenerational respect, and more. Attendance during the fall and spring semesters topped 1,300. 7 GOAL Innovative Learning for Local and Global Citizenship

8 OBJECTIVE We will evaluate and change Oakton’s academic programs and learning opportunities to foster local and global citizenship and to meet clearly identified student and community needs.

9/11 Tenth Anniversary Students, employees, and community members came together on September 11, 2011, to commemo- rate the 10th anniversary of the devastating terrorist attacks on the World Trade Center and Pentagon. At the Des Plaines campus, a 30-by-15-foot U.S. flag woven out of three miles of red, white, and blue ribbon graced the lobby (opposite page). Participants tied thousands of yellow “remembrance” ribbons along the flag’s edges. Des Plaines Mayor Martin Moylan and Oakton President Margaret Lee shared reflections, and the U.S. Marine Corps Color Guard conducted an emotional flag and wreath ceremony. Representation for Taxation Since 2008, Oakton accounting students have spent tax season volunteering with Ladder Up, a Chicago-based nonprofit that helps clients climb above the poverty line by providing no-cost assistance with tax returns and college financial aid forms. After completing software training and passing an IRS certification test, 55 students staffed three-hour shifts at one of Ladder Up’s 19 Tax Assistance Preparation sites around the city and suburbs, preparing and filing returns for low-income families and individuals. Volunteers often secured deductions, refunds, and credits unknown to their clients. Health Professionals’ Conferences Oakton’s Alliance for Lifelong Learning offered two Continuing Education for Health Professionals (CEHP) conferences in April 2012 that attracted more than 100 participants. Co-sponsored with Rush NeuroBehavioral Center, Implementing Social and Emotional Learning for all Students demonstrated how social-emotional competencies such as self-management and responsible decision making relate to academic achievement and positive student development. At Combating Elder Abuse: Signs, Symptoms, and Intervention, Roger Weise, medical director of older adult health care at Alexian Brothers Medical Group, and Holly Zielke, elder abuse program coordinator at the Illinois Department on Aging, provided tools for identifying elder abuse and intervening appropriately.

Passage to India Through a three-year $139,000 grant from the U.S. Department of Education to expand and strengthen the College’s South Asian curriculum, Oakton forged a strong partnership with the English and Foreign Language University (EFLU) in Hyderabad, India. Eight students spent July 2011 at EFLU, studying South Asian literature and Indian culture and history. Oakton’s Eileen Off, instructor of anthropology, spent two weeks at EFLU in January 2012, and Sangeetha Puthiyedath, EFLU assistant professor of English and academic coordinator of the International Training Program, returned the favor in April. While at Oakton, Puthiyedath met with students and spoke on “Higher Education in India: A Focus on Women.” Learning Matters in Russia and Turkey Oakton faculty members traveled to Russia and Turkey during the summer of 2012 to enrich the College’s global studies offerings. Erick Mann, chair of historical and policy studies, received two research and faculty fellowships from Moscow State University to develop curricula on pre-revolutionary and Soviet Russia. After working with faculty and post-graduate students at the Russian Academy of Sciences in Moscow and leading a four-week seminar on teaching Soviet history in community colleges, he spent two weeks with faculty in Georgia and Minsk. Jaleh Sherbini, instructor of political science, was one of eight community college faculty members in the country accepted into the Niagara Foundation’s Study Turkey Program. The Chicago-based foundation promotes peace through initiatives that encourage individuals to rise above their differences. Sherbini traveled to Istanbul and other major cities, delving into history, politics, women’s and minority issues, Islamic reform, the economy, culture, the media, and education. Assessing Student Learning Oakton successfully completed the Higher Learning Commission’s four-year Academy for Assessment of Student Learning, strengthening the College’s ongoing commitment to improving learning outcomes and student success. Guided by the Oakton Program for Assessment and Learning (OPAL), a committee comprising full- and part-time faculty, staff, and administrators, the College revised its general education learning objectives and developed specific learning outcomes for courses and programs within every department.

9 It Takes a Shanty Village Oakton’s Habitat for Humanity chapter raised awareness about homelessness by constructing an overnight “Shanty Village” at the Skokie campus in November 2011. More than 50 participants including Nick Frankel (above) pitched in, and 20 shanties—built out of discarded material—sprang up along Lincoln Avenue. A donation can sat outside each structure, and students encouraged visitors to vote with their dollars for a favorite shanty. Sodexo Food Service organized a “soup and sandwich” kitchen and donated a portion of the proceeds to Habitat. The event garnered significant press coverage, including a story on WBBM-TV, and Skokie Mayor George Van Dusen even stopped by to take up residence in his own shanty for an hour or two. After a chilly night, the Habitat students netted $1,200 for their cause. Manufacturing Expo More than 350 students, teachers, and counselors from eight local high schools connected with local manufacturers in March 2012 during Oakton’s High Tech Careers in Manufacturing conference, coordinated with the North Suburban Educational Region for Vocational Education (NSERVE). The day-long event showcased 10 manufacturers—including Iverson and Company; John Crane; Manor Tool and Manufacturing Company; OSG Tap and Die, Inc.; Quality Control Corporation; S&C Electric Company; Sandvik Coromant; Stepan Company; Woodward, Inc.; and X-L Engineering Corporation— offering students the opportunity to explore careers in science, technology, engineer- ing, and mathematics (STEM). Participants heard brief presentations from each company, took a tour of Oakton’s manufacturing labs led by Professor Dave Geller (left), and then visited company sites. Promises Take Flight Twelve fiberglass butterflies spent their summer on the shores of Des Plaines’ Lake Opeka—including Oakton Butterflies, designed and decorated by Art Club students with inspiration from their advisor, Professor Mark Palmeri. The 3-foot-tall sculpture, part of Rainbow Hospice and Palliative Care’s 2012 “Promises Take Flight” project, showcased more than 60 such butterflies throughout the North Shore. Sponsorships supported the Hospice’s Good Mourning Program for children, teens, and families. Oakton Butterflies now resides just outside the Butterfly Garden at the College’s Des Plaines campus. 10 GOAL One College, Four Campuses Des Plaines, Skokie, In the Neighborhood, On the Web

OBJECTIVE We will make high quality learning available at multiple locations and via multiple delivery systems.

Web Enhancements Enhancements to www.oakton.edu improved access to key information about Oakton’s programs, activi- ties, and courses. The College merged news and calendar items on the Home Page for easier viewing, and new Web pages outline Oakton’s Workforce Investment Act (WIA) programs and gainful employment statistics for eligible certificate programs. Pages highlighting Building Together, the Facilities Master Plan, include more detail and a live “construction cam” tracks every move as the new Science and Health Careers Center rises at the Des Plaines campus. Beyond Oakton Students of all ages can access Oakton classes throughout the College’s district and beyond. The Alliance for Lifelong Learning (ALL) offered non-credit and Continuing Education for Health Professionals (CEHP) courses at 184 off-site locations. From the Chicagoland area to Joliet, Quincy, Normal, Peoria, and dozens of other towns and cities throughout Illinois, students attend ALL classes at hotels, local restaurants, county and municipal facilities, libraries, senior centers, hospitals, local high schools, other community colleges, and more. Expanded Online Offerings Supported by Desire2Learn software, Oakton’s distance learning offerings continue to expand. Some 7,000 students enrolled in 545 online classes during the 2011-2012 academic year. Courses cover the gamut, including Comparative Government, Emergency Response Pre-Plan Design, Import/Export Basics, Introduction to Social and Cultural Anthropology, Nursing Infomatics, and dozens more. Business Institute Services Funds from the Illinois Community College Board (ICCB) support a wide range of job training seminars, entrepreneurship workshops, and activities for local organizations coordinated by Oakton’s Business Institute. In 2011-2012, the Institute sponsored workshops, seminars, and courses for 35 public and nonprofit institutions, and provided occupational/workforce and employment training to 1,504 individuals. 11 GOAL Green College

OBJECTIVE We will respect, conserve, and improve the environment through our academic offerings, learning opportunities, and ecologically sound practices.

Earth Day To celebrate Earth Day 2012, special exhibits at the Des Plaines campus highlighted a unique range of green options. In the main lobby, a window farm (opposite page), built primarily from repurposed 1.5- and 1.25-liter water bottles and household odds-and-ends, demonstrated how to grow food in small urban spaces. High above, a “utility quilt” suspended from the second floor balcony. Originally designed to provide emergency housing for people displaced by the 2010 earthquake in Haiti, utility quilts are a quick and inexpensive method of creating weatherproof shelters by heat-sealing plastic shopping bags together. Nearby, a bottled water exhibit detailed the environmental damage caused by the billions of plastic water, soda, and juice bottles Americans discard each year. Outside the building, students like Jake Schmidt (right) began cultivating the Community Garden. Power Down Oakton received $49,155 from Commonwealth Edison for agreeing to reduce the College’s electricity use during summer “brown outs,” which put a heavy strain on the regional power grid. As temperatures soar and millions of air conditioners operate at full capacity, Oakton reduces its cooling system and lighting to conserve energy. Solar panels on the Des Plaines campus roof now heat about 35 percent of the building’s hot water—reducing electricity by 85,000 kilowatts and saving $8,000 annually. Around the Lake Lake Oakton residents—turtles, frogs, snakes, and fish— recently benefitted from a number of Ecology Club initiatives. Amphibians and reptiles looking for a break from the water faced few options: Naturalist Ken Schaefer (left) often finds a turtle or two sunning in the parking lot. To provide a safer alternative, the Club bound old Elm and Ash tree trunks together to create floating platforms. Smaller fish find places to hide at the bottom of the Lake in “fish houses,” wood or plastic pallets held in place by chains. Cocoa mats cover the Lake bank to prevent erosion—giving native plants the time to grow and hold the soil in place permanently. And disposal boxes placed along the shore offer a safe place to discard fishing line, a potential choking or strangling hazard to local wildlife. Sustainable Buildings Long a leader in the “eco-movement,” Oakton uses non-toxic cleaning products, installs CFL bulbs and motion detectors to ensure that lights go off in empty rooms, and e-mails tuition bills. This year, paper towel use declined on both campuses with the installation of nine air hand dryers. Two “hydration stations”—one at each campus—encourage thirsty people to refill their own water bottles, instead of purchasing bottled water.

12 13 GOAL Anti-Bias College

OBJECTIVE We will continue to transform Oakton’s practices, curricula, and ways of engaging with one another in order to overcome racism and other forms of bias.

Where I Must Go Poet, playwright, and novelist Angela Jackson (left) spoke on campus as part of Oakton’s Chicago Writers Series and Women’s History Month. The recipient of numerous literary honors—including the Carl Sandburg Award—Jackson produced her first book of poetry, Voodoo Love Magic, in 1974 and published her first novel, Where I Must Go, in 2009. Set in Eden University (a fictional Northwestern), the book depicts the experiences of the first black students who blazed a trail into mostly white universities.

From Artemisia to Frida The 2011 annual collaboration between the Women’s and Gender Studies Program and the Koehnline Museum of Art featured pieces by 62 prominent local and national women artists whose work honored, critiqued, or expanded upon the techniques and content of past and present female artists. More than 3,000 people attended the October exhibition, Call and Response: From Artemisia to Frida, that paid tribute to 39 influential artists—from Frida herself to Diane Arbus, Grandma Moses, and Georgia O’Keeffe. Witness to the Holocaust Skokie resident Magda Brown was just 17 when the Nazis deported her and her family to the Auschwitz-Birkenau concentration camp. In December 2011, she brought her story to Oakton. At a lecture sponsored by the Department of Historical and Policy Studies, Brown, a Hungarian Jew, related how she lost her family to the gas chambers, suffered unspeakable horrors at the camp, and endured back-breaking labor at a German ammunition factory before being liberated by American soldiers. Two Plus Two The Koehnline Museum of Art kicked off 2012 Black History Month with Two Plus Two = Jackson, Owens, Williams, and Wheatley, co-sponsored by Oakton’s Pan African Connection and the Illinois Arts Council. Preston Jackson, professor of sculpture at the School of the Art Institute of Chicago (SAIC), delves into the nation’s past through depictions of individuals who played an important role in history. Joyce Owens, curator of the Galleries Program at Chicago State University, addresses race-related issues using found and traditional materials. Bernard Williams, a former SAIC instructor, produces large-scale installations and public art pieces inspired by his interest in history, Dream Big, Joyce Owens, 2010, acrylic and collage on canvas, 36 x 60 in. culture, archeology, cartography, and ethnology. And Rhonda Wheatley focuses on language and the written word in her paintings and collages. Latino Leaders Twelve Latino student leaders attended the 2012 U.S. Hispanic Leadership Institute, a three-day conference in Chicago last February, that promoted connections between college students and renowned Latino corporate and civic professionals. Oakton students participated in workshops and discussions focused on study habits, leadership skills, and public engagement— and learned how they could play an active role in local and national policy from Latino Congressional leaders and activists. Participants left with a deeper appreciation for what it means to be “Latino” in the United States today, and a sense of empower- ment for shaping the future of the country. Diversity Role Model President Margaret Lee received the 2011 Olive Branch Award from Hands of Peace, a Glenview- based interfaith nonprofit that unites American, Palestinian, and Israeli teens to enhance their peace-building and leadership skills. The organization recognized Lee, a member of the Hands of Peace Advisory Board since 2007, for her “substantial support of the Hands of Peace program, its interfaith connections, and the ideas of peaceful conflict resolution.” The National Diversity Council also name Lee one of 2012’s “Most Powerful and Influential Women of Illinois.”

14 The Way to Success La Via—the Way to Success—attracted some 100 Latino junior and senior high school students from four high schools in March 2012 (above). The day-long event introduced the teens to Oakton and provided information about the higher education process, including admission and financial aid, degree and career options, the transition to college, student support services, and extracurricular opportunities. Current Oakton students, including members of the Hispanic Club, shared their experiences, and a “mini college fair” featured representatives from 11 Illinois colleges. Women’s History Month A series of events and activities marked national Women’s History Month, Women’s Education, Women’s Empowerment, at Oakton. Highlights included talks by Amy Richards, nationally-known spokesperson and leading voice for young feminist issues, and Holocaust survivor Marguerite Mishkin. The Performing Arts Center presented the Jeff-nominated play, Kita y Fernanda, by Chicago playwright Tanya Saracho, who takes a timely look at class, immigration, and women’s friendships. The Language of the Birds: Rosa Luxemburg and Me, Donna Blue Lachman’s acclaimed one-woman show, brought the Polish-born activist and social reformer to life—and Professor of History Peter Hudis rounded out the picture with a presentation based on his book, The Letters of Rosa Luxemburg. Sexual Assault Awareness Week opened with The Clothesline Project, a display of t-shirts decorated by women affected by violence, and wrapped up with a Take Back the Night rally and candlelight procession. The Art of Success Now in its third year, the Black Teen Summit continues to grow. In February 2012, 199 students from 12 area high schools—a 17 percent increase over the previous year—attended the day-long event, co-sponsored by Maine East High School’s Talented Black Student Union. “The Art of Success” featured poet Nate Marshall, star of the film Louder Than a Bomb. Panels comprising Oakton faculty and staff, as well as representatives from local colleges, discussed higher education and career opportunities. Diversity and Anti-Racism Programming Oakton’s Diversity Council expanded the Safe Zone Team: 57 employees now serve as a resource and source of support for the gay, lesbian, bisexual, and transgender individuals in the College community. The Anti-Racism Team hosted two anti-racism training sessions and sponsored a workshop on consensus decision-making for faculty, staff, and administrators.

15 Wheels Up Oakton welcomed Dancing Wheels (above) to the Des Plaines campus in March 2012. Uniting the talents of dancers with and without disabilities, the company is one of the nation’s premier arts and disabilities organizations. Dancing Wheels’ innovative and energetic performances send a message of inclusion and accessibility—and celebrate the universal spirit of dance. Japanese-American Internment Following Japan’s attack on Pearl Harbor in December 1941, the U.S. government confined more than 120,000 people of Japanese descent, two-thirds of them citizens, in internment camps. History and Remembrance: The Internment of Japanese-Americans 1941-1946, a panel discussion sponsored by the Department of Historical and Policy Studies last April, included Bill Yoshino, Midwest director of the Japanese-American Citizens League; Chiye Tomihiro, a former internee; and Stephanie Cleveland, an Oakton alumna and Roosevelt University graduate student who is studying the camps. The event also featured a special exhibition of photographs, diaries, posters, pamphlets, and other memorabilia. Immigration Issues Middle and high school students brought their families along to “Dare to Dream: Latinos for Higher Education.” Co-sponsored by Oakton and Latinos in Skokie, a grassroots organization dedicated to integrating and promoting solidarity within the growing Latino community in north suburban areas, the April forum featured Skokie Mayor George Van Dusen; Maria Bucio, director of La Casa (the Resurrection Project); Sergio Fernández, president of the Hispanic Alliance for Career Enhancement; and Ron Perlman, member of the Illinois DREAM Act Commission. A spring 2012 Immigration and Higher Education Forum presented three events. “Education Without Papers” outlined challenges faced by undocumented students in U.S. educational institutions and “Where Do Dreamers Go From Here?” explored ways college staff and faculty can support undocumented students and children of undocumented parents. “Our Stories,” a student and employee panel, highlighted how the immigrant experience enriches Oakton’s learning and working environment. Activism and the Arts A Creating Justice Symposium explored the diverse ways activism engages the arts to transform communities and the world. The day-long event in April 2012 featured New York’s Strike Anywhere Performance Ensemble (left), which presents politically-charged, original works that address socially relevant issues. International singer Ugochi and the Afro Soul Effect performed for the crowd, and 10 workshops and panels covered such topics as activist art, the relationship of art and politics, photography and social justice, land appropriation and public art, music and social justice, Hindu dance, and poetry.

16 GOAL Reinvented Physical Space and Infrastructure

OBJECTIVE We will reinvent and maintain Oakton’s physical space and infrastructure in ways that build an environment conducive to learning and creating community.

Building Together Construction work began this year on Oakton’s five-year Facilities Master Plan, approved by the Board of Trustees in 2010. Developed by Legat Architects, the $68.5 million initiative will create 2,000 new jobs and pump more than $130 million into the local economy. In April 2012 some 300 students, staff, faculty, administrators, trustees, and distinguished guests gathered to break ground for Oakton’s new Science and Health Careers Center at the Des Plaines campus (above and left). Construction is well underway on the 93,000- square-foot facility, scheduled to open in 2014. The Center will house the College’s anatomy and physiology, biology, chemistry, earth science, medical laboratory technology, nursing, physics, and physical therapy assistant programs. Featuring sophisticated labs, flexible light-filled classrooms, enhanced technology, and abundant lab preparation and storage space, the building hopes to achieve Leadership in Energy and Environmental Design (LEED) Gold Certification from the U.S. Green Building Council. Offices and student study spaces will provide optimum views of Lake Oakton, while windows in the corridors and classrooms will frame the surrounding forest. The facility will maximize solar heat gain and mitigate winter winds. A system that uses exhaust air to preheat and cool supply air will reduce heating and cooling loads, and occupancy sensors will regulate lighting. Daylight harvesting will bring natural light to 75 percent of the classrooms and the building façade will be self-shading. Infrastructure Improvements Twenty-four remodeled classrooms at the Des Plaines campus now boast upgraded technology, lighting, furniture, and finishes—and 17 more classrooms will receive a similar facelift during summer 2013. The College also resurfaced parking lots, and improved and upgraded the HVAC system at the Des Plaines campus. Wireless access to the Internet is now available throughout the Skokie campus and will be available soon at Des Plaines.

17 GOAL Financial Stewardship

OBJECTIVE We will use our resources to advance our mission and goals while maintaining adequate reserves for the future.

AAA Rating Oakton received an AAA rating—the highest attainable—from Moody’s Investor Services for the College’s $27.6 million General Obligation Limited Tax Bonds, Series 2011, that will fund Building Together, the five-year Facilities Master Plan. Reflecting Oakton’s “prudent fiscal management, modest debt profile, and strong financial position,” the high credit rating means direct savings to the District, providing the lowest possible interest rate for the bonds. Award-Winning CAFR For the 22nd year in a row, Oakton received the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting for the College’s Comprehensive Annual Financial Report (CAFR). An impartial panel of judges noted that Oakton’s Fiscal Year 2011 CAFR demonstrated a constructive “spirit of full disclosure that clearly communicated financial details and motivated others to read the document.” The nonprofit GFOA serves more than 17,500 government finance professionals throughout North America. Scholarships In 2011-2012, the College awarded $842,841 in financial aid to 645 students, including Educational Foundation and institutional scholarships and Student Government Association grants. New scholarships include the Roberto and Zoila Caballero Scholarship, an Early Childhood Education Scholarship, the Greenspan Family Scholarship, P.E.O. Sisterhood Scholarship, and the Glenview State Bank Scholarship. The Ernest C. Wentcher Foundation continued to provide full tuition support for 10 first-year and 10 second-year students and assisted 10 Oakton graduates who transferred to a four-year college or university.

18 Grants Oakton obtained alternative funding to supplement programs and student support services while enhancing partner- ships with businesses, other community colleges, and government agencies. During 2012 the College received more than $3.4 million in federal, state, local, and private grants.

STEM During the past five years, Oakton has awarded more than $400,000 in scholarships funded through the National Science Foundation to qualified students interested in pursuing careers in science, technology, engineering, or mathematics (STEM). The APEX Program provides financial assistance to students enrolled at Oakton and additional scholarships when they transfer to a four-year college or university.

Adult Education This year, the Illinois Community College Board (ICCB) Adult Education and Family Literacy funding program shifted to a competitive grant process. Oakton successfully procured nearly $1.5 million in federal and state funds to provide educational opportunities for adult learners who participate in the English as a Second Language (ESL), literacy, family literacy, GED, Evening High School, and citizenship education classes offered free of charge throughout Oakton’s district.

Chicago-Cook Workforce Partnership Oakton continued its grant partnership for a third year with the Workforce Board of Northern Cook County, now part of the Chicago-Cook Workforce Partnership. Funding through the partnership supports the College’s Fast Forward Program for dislocated workers in need of job search and computer skills training. The program also provides advising and support services to newly unemployed workers and U.S. military veterans seeking to enter or re-enter the workforce.

Nanotechnician Training Oakton received $250,000 from the Searle Funds at the Chicago Community Trust to support a nanotechnology education program coordinated by the Nanotechnology Employment, Education, and Economic Development Initiative (NE3I)—comprising the College; the Village of Skokie; the Illinois Science +Technology Park (IS+TP); NanoInk, Inc., that develops nanotechnology curriculum; and the North Suburban Educational Region for Vocational Education (NSERVE). The goal is to establish a nanotechnology laboratory at IS+TP—located just four blocks from the Skokie campus. Oakton faculty will staff the lab, training students from the College and nearby high schools—on site and via video link—to be nanotechnicians. Industry partners will offer job shadowing, career exploration, and internship programs, as well as opportunities for apprenticeships and post-certificate employment. Recently, the Village of Skokie provided Oakton with an additional $250,000 to implement the NE3I project, and the College continues to seek program funding from a variety of sources.

TRiO Federal funds continue to provide significant assistance to Oakton students. The TRiO Student Support Services grant program assists those who are the first in their families to attend college—or who have a critical financial need. Now in the final year of a three-year $1.5 million grant from the U.S. Department of Education, TRiO offers a “home base” for more than 200 students each year who need help navigating the path toward earning an associate’s degree. Through TRiO, students can access academic tutoring, financial guidance, transfer assistance, lap top and calculator loans, and other support services.

NASA Robot In 2011, students in the Engineering and Physics Club competed in NASA’s Second Annual Lunabotics Mining Competition, along with colleges and universities from around the globe. The team built its robot, dubbed HOPE, on a shoestring budget, but the lunabot still was a viable contender—the only community college entry in the final showdown at the Kennedy Space Center. HOPE was so successful that the popular project morphed into a 200-level independent study course: Engineering—A Bite Out of the Lunabot. This year Oakton received a $4,000 grant from the National Space Grant Foundation to create a new robot for the NASA 2013 competition.

19 Financial Report

Oakton remains fiscally sound. A complete financial condition and history based on assets, liabilities, and net assets for all funds and account groups are detailed extensively in the College’s Comprehensive Annual Financial Report for each of these years (www.oakton.edu/cafr).

Assets Current assets are resources that are reasonably available within one year. Unlike other forms of assets, cash and cash equiva- lents such as checking account balances can be used immediately for current operational needs, such as meeting payroll or paying vendors. Short-term investments represent Oakton’s holdings in allowable financial instruments due within one year, such as the State Treasurer’s Pool. Receivables represent those monies due to the College but not yet available for use; examples include property taxes not yet paid for the remainder of the current levy, half of the estimated levy for the coming year, and accrued interest.

Growth of Assets Fiscal Years 2008-2012 Condensed Statement of Net Assets and History as of June 30 300 FY 08 FY 09 FY 10 FY 11 FY12 (000,000) (000) (000) (000) (000) (000) 250 Current Assets Cash and Cash Equivalents $308 $3,114 $4,152 $7,131 $9,344 200 Short-term Investments 53,169 66,348 63,490 108,507 71,051 Property Tax Receivable, net 38,405 39,750 38,493 42,958 23,444 150 Student Tuition and Fees, net 3,717 5,938 6,746 6,704 6,364 100 Other Accounts Receivable 1,480 4,795 1,832 3,222 3,381 Inventory 675 1,213 1,295 1,227 1,220 50 Prepaid Expenses 870 583 1,161 351 427 Noncurrent Assets 0 FY 08 FY 09 FY10 FY11 FY 12 Debt Certificate Issuance Cost 30 270 Restricted Cash and Cash Equivalents 1,898 Total Assets Net Assets Long-term Investments 32,922 20,173 34,159 24,789 64,722 Property Tax Receivable 18,964 19,500 20,235 21,791 Student Loans 3 122 79 105 37 Capital Assets 88,180 88,066 83,610 84,245 89,502 Less Accumulated Depreciation (27,158) (29,314) (27,225) (30,823) (33,371) TOTAL ASSETS 213,433 220,288 228,027 270,237 236,391

Current Liabilities Accounts Payable 1,449 2,069 2,144 1,909 4,882 Accrued Payroll 838 861 881 916 678 Accrued Interest Payable 92 92 Other Accrued Liabilities 983 1,825 1,929 1,846 1,918 Unearned Revenues 45,255 48,434 49,883 53,685 33,030 Current Portion of Long-Term Debt 1,600 1,705 Noncurrent Liabilities Accrued Compensated Absences 1,191 1,315 1,414 1,481 1,414 Other Accrued Liabilities 5,696 5,451 5,879 6,260 5,970 Unearned Property Tax Revenues 18,964 19,110 19,830 21,355 Long-Term Debt Certificates 28,500 28, 506 TOTAL LIABILITIES 74,376 79,065 81,960 117,644 78,195

Net Assets Invested in Capital Assets 61,022 59,109 56,385 53,422 53,186 Restricted 22,456 22,671 22,416 22,294 20,825 Unrestricted 55,579 59,800 67,266 76,877 84,185 TOTAL NET ASSETS $139,057 $141,580 $146,067 $152,593 $158,196

20 Noncurrent assets are Oakton’s long-term financial and plant resources. Restricted cash is the College’s escrow contribution to the state-supported construction at the Skokie campus. Long-term investments represent the College’s holdings in allowable financial instruments due in more than one year, such as T-Bonds and GNMAs. The plant and equipment line includes Oakton’s equity in land, buildings, real estate improvements (such as roads and security lighting), and capital equipment expenses such as computer network servers and digital projectors. Property tax receivable includes the second half of the estimated levy for the coming year. The student loans line lists the outstanding balance due for loan programs. Depreciation is the recovery of plant and equipment costs over their expected useful lives. The debt certificate issuance cost—which includes the underwriter, bond counsel, financial advisors, and legal fees—relates to the debt issuance described below.

Liabilities Current liabilities are short-term obligations. Accrued payroll, accounts Credit Hour Enrollment History payable, and other accrued liabilities represent amounts due to employees or vendors for Fiscal Years 2003-2012 services, supplies, or equipment provided to Oakton. Unearned revenues include prop- erty taxes from the current levy and half the estimated future levy legally collectible— 240,000 which is not recorded as income until after the end of the fiscal year. The current portion of the long-term debt and related accrued interest payable relate to the debt issuance financing the Science and Health Careers Center (see page 17). 190,000

Noncurrent liabilities represent long-term obligations, usually due over a number of years. These include estimated amounts of accrued compensated absences, net other ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 140,000 post-employment health care benefits (OPEB), liabilities that will not be paid within the next fiscal year, property tax levies accrued, and debt issuance restricted to fiscal years beyond the next fiscal year.

Net Assets Net assets are either the accumulated resources invested in plant and 2011 Property Tax Rates equipment, or resources available with or without restriction; the latter generally are for a typical homeowner in Oakton’s available for payment of future expenses. district

Property Taxes Property taxes accounted for 41.8 percent of Oakton’s funding sources Taxing Body Rate* %Total for fiscal year 2012. For the 2011 tax year, the College’s property tax rate for a typical County 0.875 11.35% homeowner was .196 of the property’s assessed value—making up about 2.54 percent City 1.389 18.01% of the homeowner’s total property tax bill. In the 2012 tax year, this rate rose to .203 of Township 0.149 1.93% the property’s assessed value. However, District 535 tax rates remain low relative to the Grade School 3.107 40.30% average rates for in-district high schools and the county. For example, the 2011 tax rate High School 1.995 25.87% Oakton 0.196 2.54% for Maine Township High School District 207 was 1.995—while Cook County’s rate was .875. In addition, Oakton’s rate is lowest among the 11 community colleges within Total Rate 7.711 100.00% a 45-mile radius. *In dollars per $100 of equalized assessed valuation

Educational Foundation The Oakton Community College Educational Foundation, a 501(c)3 component unit of the College, reports its finances separately. To view the Foundation’s statements, check out the College’s Comprehensive Annual Financial Report or contact the Educational Foundation Office at 847.635.1893 to receive a copy. 21 Revenues by Source Local residential and business property owners continue to be the primary source of revenue for the College, followed by student tuition and fees, state grants and contracts, and auxiliary enterprises. However, the property tax cap law will limit increases from this revenue stream in future, and Oakton will need to seek other avenues of funding to support educational and community services to students and District residents. Operating Revenue for the 12 months ending June 30, 2012, decreased by $900,000—from the prior year’s $25.3 million to $24.4 million—for the reasons detailed below. • Student tuition and fees (net of scholarship allowances) revenue decreased to $15.6 million from the prior year’s $16 million because of declining student enrollment. During fiscal year 2012, approximately 28,000 students enrolled in credit-hour classes—compared with 28,800 students enrolled in fiscal year 2011. The single increase to student tuition costs for fiscal year 2012 was a new construction fee supporting Building Together, the Facilities Master Plan. Although generating approximately $424,000 in new revenue, this fee was not enough to offset the overall loss in tuition and fee revenue. • Auxiliary enterprises revenue also contribute to the decline in operating revenue, dropping from $7.5 million in fiscal year 2011 to $6.9 million in fiscal year 2012. This category includes self-supporting activities that charge a fee not necessarily equal to the cost of the activity. Auxiliary enterprises include Oakton’s bookstore, the Business Institute, and the Alliance for Lifelong Learning (ALL). While ALL revenue did decline, the bookstore saw the largest revenue drop—approximately $578,000—because of enrollment attrition and increased competition from other vendors. Non-operating Revenue for the 12 months ending June 30, 2012, increased by $3.7 million—from the prior year’s $72.6 million to $76.3 million—for the reasons detailed below. • State grants and contract revenue increased from $18.3 million in fiscal year 2011 to $21 million in fiscal year 2012, mainly because of the State Universities Retirement System of Illinois (SURS). SURS, a cost-sharing, multiple-employer pension plan, is supported primarily by contributions the State of Illinois makes on Oakton’s behalf. Please note that reported SURS amounts do not necessarily represent actual payments made by the State, but the State’s current pension obligation. In fiscal year 2012, the State’s contribution obligation was $12.6 million, as compared with $9.7 million the previous year—an increase of $2.9 million (30 percent). This increase was somewhat offset by other declining revenues within this category. • Property tax revenue increased from the prior year’s $41.2 million to $43.4 million, with respect to the new bond and interest tax levy supporting the Facilities Master Plan. The levy secured $1.5 million in new tax revenue in addition to the standard $700,000 (1.7 percent) property tax levy increase. • Federal grants and contracts revenue decreased from prior year’s $11.1 million to $10.4 million. More than half of this amount—$328,000—represents federal student financial aid programs, including Pell and Veterans Assistance, that declined with shrinking enrollment. • Interest on capital assets represents the interest expense for Oakton’s long-term debt—normally presented as a deduction to non-operating revenues. The expense increase from $92,000 to $936,000 is driven by the cost associated with the length of time the College holds the long-term obligation. The prior year’s debt obligation was outstanding for 30 days, whereas this year’s obligation was outstanding for the full 12 months.

4 3 5 Revenues for the years ended June 30 FY 08 FY 09 FY 10 FY 11 FY12 2 (000) (000) (000) (000) (000) 6 OPERATING REVENUE Student Tuition and Fees $14,716 $16,161 $16,047 $16,048 $15,614 7 Chargeback Revenue 86 130 117 104 95 8 Auxiliary Enterprises 8,206 7,669 7,856 7,597 6,994 Other Sources 191 240 1,215 1,577 1,742 9 1 Total Operating Revenues 23,199 24,200 25,235 25,326 24,445 Total Operating Expenses 76,478 82,589 89,564 91,371 95,155 Revenues by Source Operating Loss (53,279) (58,389) (64,329) (66,045) (70,710) 1. Property Tax 42.73% NON-OPERATING REVENUE 2. Local 0.75% Property Taxes 36,488 38,361 39,817 41,208 43,456 3. State 20.74% Local Grants and Contracts 853 409 455 741 758 4. Federal 10.28% State Grants and Contracts 13,150 13,680 16,918 18,357 21,094 5. Investments 1.46% Federal Grants and Contracts 4,424 5,620 9,041 11,120 10,458 6. Students 15.36% Investment Income Earned 3,818 2,843 2,585 1,237 1,483 7. Chargebacks 0.09% Interest on Capital Asset Related Debt (92) (936) 8. Auxiliary Enterprises 6.88% Total Non-operating Revenues 58,733 60,913 68,816 72,571 76,313 9. Other 1.71% Increase in Net Assets $5,454 $2,524 $4,487 $6,526 $5,603 22 Operating Expenses: Type of Service Instruction includes activities that support or aid in the teaching process. Instruction expenses include not only personnel costs and supplies but also the personnel and materials required to plan, implement, and manage the instructional programs. Academic support comprises programs that directly complement the instruction process, such as tutoring, library operations, and instruc- tional media services. Student services include registration and records, financial aid, counseling, and other activities that provide non-academic assistance to students. Operation and maintenance costs relate to maintenance, housekeeping, public safety, and other costs necessary for the proper and safe operation of Oakton’s physical plant. General institutional support encompasses general regulation, direction, and administration, as well as costs applicable to the College on an institution-wide basis, such as Commencement and accreditation activities. As noted above, auxiliary enterprises that charge a fee for service, such as the book- stores, food service, Early Childhood Education Center, Business Institute, and other business-type activities. Depreciation represents the financial acknowledgement of fixed asset costs prorated over their estimated useful service lives.

For the 12 months ending June 30, 2012, total operating expenses grew by $3.8 million—from the prior year’s $91.3 million to $95.1 million—for a number of reasons. Much of this increase relates to the $2.9 million (30 percent) increase in SURS from the previous fiscal year (see state grants and contract revenue on opposite page). Because payments are made directly by the State to the pension fund on behalf of Oakton, the contribution is reported as an expense and as revenue. However, as noted above, reported SURS amounts represent only the State’s current pension obligation—not actual payments. One of the drivers for the 30 percent increase in the SURS expense is the State’s failure to meet this obligation, compounded by diminishing returns on SURS pension plan investments. Instructional program costs, the next major factor contributing to the operating expense increase, rose by $1.5 million (4.2 percent) relative to the previous year 3 4 because of normal salary and benefit cost increases. 5

2 6 7

Use of Resources by Type of Service for the years ended June 30 1 FY 08 FY 09 FY 10 FY 11 FY12 (000) (000) (000) (000) (000) Expenses by Type of Service Instruction $29,585 $33,201 $36,750 $38,644 $43,578 1. Instruction 45.8% Academic Support 8,459 9,042 9,487 9,447 9,871 2. Academic Support 10.37% Student Services 10,665 10,473 12,992 13,697 13,936 3. Student Services 14.64% Operations and Maintenance 6,732 7,276 7,460 7,603 8,418 4. Operations and General Institutional Support 6,255 6,792 6,700 7,534 7,761 Maintenance of Plant 8.85% Auxiliary Enterprises 11,601 11,569 11,877 10,848 9,044 5. General Institutional Depreciation 3,181 4,236 4,298 3,598 2,547 Support 8.16% Total Expenses $76,478 $82,589 $89,564 $91,371 $95,155 6. Auxiliary Enterprises 9.5% 7. Depreciation 2.68%

Type of Cost As with any service organization, personnel costs—salaries and benefits—comprise Oakton’s largest single cost category at 76.07 percent. Salaries alone represent 54.98 percent of total costs. Benefits, including health, unemployment, and Medicare insurance, constitute 21.09 percent of total expenses. Supplies and service expenses account for nearly 13.06 percent of operating expenses which include services provided by outside agencies, as well as instructional and administrative supplies. Other expenses include depreciation— 1 making up most of this line item—and miscellaneous expenses.

Use of Resources by Type of Cost for the years ended June 30

FY 08 FY 09 FY 10 FY 11 FY12 (000) (000) (000) (000) (000) 2 4 3 Personnel Costs $56,053 $59,854 $65,212 $68,099 $72,383 Expenses by Type of Cost Supplies and Services 12,466 13,279 12,348 11,512 12,423 1. Personnel 76.07% Utilities 1,797 1,412 1,727 1,633 1,671 2. Supplies and Services 13.05% Other Expenses 6,162 8,044 10,277 10,127 8,678 3. Utilities 1.76% Total Expenses $76,478 $82,589 $89,564 $91,371 $95,155 4. Other 9.12%

23 Our Vision, Mission and Values

We are the Community’s College. We are dedicated, first, to excellence in teaching and learning. We challenge our students to experience the hard work and satisfaction of learning that leads to intellectual growth and we support them academically, emotionally, and socially. We encourage them to entertain and question ideas, think critically, solve problems, and engage with other cultures, with one another, and with us. We expect our students to assume responsibility for their own learning, to exercise leadership, and to apply ethical principles in their academic, work, and personal lives. We demand from ourselves and our students tolerance, fairness, responsibility, compassion, and integrity. We are a Community of Learners We provide education and training for and throughout a lifetime. We seek to improve and expand the services we offer in support of the people in the communities we serve. We promote a caring community of staff and faculty members, students, administrators, and trustees who, in keeping with our values, work together to fulfill our mission. We are a Changing Community. We recognize that change is inevitable and that education must be for the future. We respond to change informed by our values and our responsibility to our students and our communities. We challenge our students to be capable global citizens, guided by knowledge and ethical principles, who will shape the future.

Ratified by the Board of Trustees, October 20, 1998

24 Board of Trustees

Jody Wadhwa, Chair

Joan W. DiLeonardi, Vice Chair

William Stafford, Secretary

George G. Alexopoulos

Patricia N. Harada

Eric Staley

Ann E. Tennes

Theresa Bashiri-Remetio, Student Trustee

Margaret B. Lee, President

1600 East Golf Road, Des Plaines, Illinois 60016 I 7701 North Lincoln Avenue, Skokie, Illinois 60077 I www.oakton.edu