MATC Vision
MATC is a premier, comprehensive technical college that provides
excellence in education to enrich, empower and transform lives
in our community
April 18, 2014
NOTICE TO RESIDENTS OF THE MILWAUKEE AREA
TECHNICAL COLLEGE DISTRICT, WISCONSIN
A regular open meeting* of the MILWAUKEE AREA TECHNICAL COLLEGE
DISTRICT BOARD, WISCONSIN, will be held in the BOARD ROOM, ROOM
M210, of MILWAUKEE AREA TECHNICAL COLLEGE, 700 WEST STATE
STREET, MILWAUKEE, WISCONSIN, on TUESDAY, APRIL 22, 2014 beginning at
5:00 P.M. The agenda** for said meeting is presented as follows:
A.
Roll Call
B.
Compliance with the Open Meetings Law
C.
Approval of Minutes
C-1
Regular Board Meeting: March 25, 2014
D.
Comments from the Public
E.
Approval of Consent Agenda Items
FPO-2
Bills – March 2014
Bills – By Check Number
Bills – By Payee
Bills - Checks Exceeding $2,500
Bills - Channels 10/36
Voided Checks
Student Activities
FPO-3
Financial Report – March 2014
FPO-4
Human Resources Report
FPO-5
Procurement Report
I.
External Contracts
None.
II.
Procurements
Advertising Expenditures for Milwaukee Public TV
March
April
May
Actual
Estimated
Estimated
$13,008.98
$43,492.12
$15,428.88
Minority Media Percentage was 3%
Minority Media Percentage is 10-12%
Minority Media Percentage is 10-12%
Advertising Expenditures for MATC
March
April
May
Actual
Estimated
Estimated
$20,610.34
$41,585.60
$20,077.50
Minority Media Percentage was 2%
Minority Media Percentage is 10-12%
Minority Media Percentage is 10-12%
Space Planning Support Consulting Services For Annual Facilities Projects
See Background Information Sheet for Detail
$ 250,000.00
III.
Contracts for Services
None.
IV.
Construction Contracts
RENOVATION AND REMODELING
Downtown Main Campus: Student Services Renovation
Bid Reference 2014-006 – Project # 2014436
William Sackerson Construction Company Inc.
Cudahy, WI
$ 505,350.00
RENOVATION AND REMODELING
Downtown Main Campus: Student Services Renovation
Bid Reference 2014-005 – Project # 2014425, 2014427 & 2014459
Creative Constructors LLC
Menomonee Falls, WI
$ 580,800.00
V.
F.
Lease Agreements
None.
Chairperson’s Report
Information Item
F-1
Board’s Self Evaluation
G.
President’s Report
H.
Student Government Report
I.
Legislative Matters Report
J.
Public Television Committee Report
2
K.
Education, Services, and Institutional Relations Committee Report
Action Item
ESIR-2
Resolution to Create Program For Paramedic Technician Technical
Diploma Program (31-531-2)
Discussion Item
ESIR-4
L.
Dashboard Indicators
Finance, Personnel, and Operations Committee Report
Action Items
FPO-6
Resolution (F0029-04-14) Authorizing the Sale of $1,500,000
General Obligation Promissory Notes, Series 2013-2014K of
Milwaukee Area Technical College District, Wisconsin
FPO-7
Resolution (F0030-04-14) Authorizing the Issuance of $1,500,000
General Obligation Promissory Notes, Series 2013-2014L of
Milwaukee Area Technical College District, Wisconsin
FPO-8
Resolution (F0031-04-14) to Approve College Parallel and PostSecondary /Vocational Adult Tuition for Academic Year 2014-2015
FPO-9
Resolution (F0032-04-14) to Approve Avocational Fees for
Academic Year 2014-2015
FPO-10
Resolution (F0033-04-14) to Approve Resolution to Revise Fiscal
Year 2013–2014 Renovation / Remodeling (Capital) Projects
Discussion Items
L-1
Preliminary Activity Plan and Budget for FY 2014-15 (Iteration #2)
L-2
Sustainability Quarterly Report
Information Item
FPO-13
M.
Quarterly 38.14 Report Office of Workforce and Economic
Development (OWED)
Miscellaneous Items
1.
Communications and Petitions
2.
Information Items
3
N.
Old Business/New Business
1.
Future Agenda Items
2.
Date of Next Meeting:
Tuesday, May 27, 2014, 5:00 p.m. Regular Board Meeting,
Downtown Milwaukee Campus, Board Room (M210)
O.
President’s Quarterly Evaluation ***
P.
Board may Reconvene into Open Session to Take Action on Matters
Discussed in Closed Session under Items O.
*
This meeting may be conducted in part by telephone. Telephone speakers will be
available to allow the public to hear those parts of the proceedings that are open to the
public.
**
Action may be taken on any agenda item, whether designated as an action item or not.
Agenda items may be moved into Closed Session for discussion when it becomes
apparent that a Closed Session is appropriate under Section 19.85 of the Wisconsin
Statutes. The board may return into Open Session to take action on any item
discussed in Closed Session.
***
It is anticipated that this item may be discussed in Closed Session pursuant to
Sections 19.85(1)(c) of the Wisconsin Statutes.
Reasonable accommodations are available through the ADA Office for individuals who need assistance.
Please call 414-297-6610 to schedule services at least 48 hours prior to the meeting .
4
C-1
MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT BOARD
MILWAUKEE, WISCONSIN
March 25, 2014
CALL TO ORDER
The regular monthly meeting of the Milwaukee Area Technical
College District Board was held in Open Session on Tuesday,
March 25, 2014, and called to order by Vice Chairperson Holmes at
5:03 p.m. in the Board Room, Room M210, at the Downtown
Milwaukee Campus of Milwaukee Area Technical College.
ITEM A.
ROLL CALL
Present:
Lauren Baker; David Dull; Melanie Holmes; Graciela
Maizonet; José Pérez and Ann Wilson
Excused:
Michael Katz; Kurt Wachholz and Bobbie Webber
David Dull arrived at 5:04 p.m.
ITEM B.
COMPLIANCE WITH THE OPEN MEETINGS LAW
Discussion
Vice Chairperson Holmes indicated that proper notice of the meeting
had been given in compliance with the Wisconsin Open Meetings
Law.
ITEM C.
APPROVAL OF MINUTES
C-1
Regular Board Meeting: February 25, 2014
Motion
It was moved by Ms. Wilson seconded by Ms. Baker, to approve the
minutes of the Regular Board Meeting: February 25, 2014.
Action
Motion approved.
C-2
Special Board Meeting: March 4, 2014
Motion
It was moved by Ms. Wilson, seconded by Ms. Baker, to approve the
minutes of the Special Board Meeting: March 4, 2014
Action
Motion approved.
Milwaukee Area Technical College District Board
March 25, 2014
Page 2
ITEM D.
COMMENTS FROM THE PUBLIC
None.
ITEM E.
APPROVAL OF CONSENT AGENDA ITEMS
FPO-2
FPO-3
FPO-4
FPO-5
Bills – February 2014
Financial Report – February 2014
Human Resources Report
Procurement Report
Motion
It was moved by Ms. Maizonet, seconded by Ms. Wilson, to approve
the Consent Agenda.
Action
Motion approved.
ITEM F.
CHAIRPERSON’S REPORT
Discussion
Vice Chairperson Holmes:
● Announced she would be giving opening remarks at the start of
the 11th Annual Sustainability Summit.
● Mentioned the MATC District Board Appointment will be meeting
on April 3 to select four new board members.
● Announced that the MATC Five Star Food and Wine Event will be
held on April 3.
● Informed the board that the WTCS District Boards Association is
having their Spring Meeting on April 24-26 in Green Lake, WI.
● Reminded the board of the Health Education Center Preview
Event on March 27.
ITEM G.
PRESIDENT’S REPORT
Discussion
Dr. Burke:
● Announced MATC received a substantial donation from one of our
Advisory Committee Members, Lakeside International Trucks in
the form of an electrical training module that simulates heavy truck
electronics.
● Reported another generous donation to MATC from Derco
Aerospace, they donated current generation avionics testing
equipment.
● Continues to work with Christine McGee in recruiting Foundation
Board Members.
● Reported our new advertising firm, STIR met with various focus
groups this month as part of the development of a comprehensive
communications plan.
● Shared with the board the development of a comprehensive
employee handbook:
Milwaukee Area Technical College District Board
March 25, 2014
Page 3
○ Met with his cabinet to discuss employee handbook and the
process by which they engage in the meet and confer process.
○ Have developed, along with his cabinet, a preliminary table of
contents in draft form.
○ The goal of Dr. Burke and the cabinet is to have the process
move forward expeditiously so that the board could have a
document to consider soon.
○ They are planning to have the draft of the handbook posted to
MATC’s portal, and to schedule open forums at all MATC
campuses.
ITEM H.
STUDENT GOVERNMENT REPORT
Discussion
Mr. Alan Hensley reported:
● The Milwaukee Campus Chess Club requested $1,340 to organize
a chess tournament on April 18 for MATC staff and students.
● The Horticulture Club requested $2,000 to help cover some of the
expenses to attend Planet Student Career Days at Colorado State
University.
● The Student Nurses Association requested $2,000 to help cover to
cost of a trip to Nashville for disaster training certification.
● The Hip-Hop Club turned in a registration form for recognition to
become an active student club.
● The Fire Science Student Organization turned in a request for
recognition to become an active student organization.
● Ernesto Gonzalez II was appointed Chairperson of the District
Student Senate Budget Committee.
● The District Student Senate (DSS) unanimously approved the
proposed 2014-15 budget.
ITEM I.
LEGISLATIVE MATTERS REPORT
Discussion
Ms. Baker gave highlights of the March 20, 2014 Legislative Task
Force Committee meeting:
● Federal Issues:
○ DOE Proposed Gainful Employment Rule
● State Issues:
○ Proposed Legislation (SB 476) Changing the Definition of
Eligibility for Serving on the MATC Board.
○ Special Session Legislation (SB 1) Replacing $406 Million in
Property Tax Support for Tech Colleges with State Aid.
○ Special Session Legislation (AB 2) Providing $35 Million to
DWD to Increase Workforce Training Grants to Tech Colleges
to Reduce Waiting Lists.
Milwaukee Area Technical College District Board
March 25, 2014
Page 4
○ Legislative Council Study Committee Proposal Affecting Tech
Colleges.
ITEM J.
PUBLIC TELEVISION COMMITTEE REPORT
Ms. Holmes gave highlights of the March 18, 2014, Public Television
Committee meeting.
ITEM K.
EDUCATION, SERVICES, AND INSTITUTIONAL RELATIONS
COMMITTEE REPORT
Discussion
Ms. Baker gave highlights of the March 18, 2014, Education,
Services, and Institutional Relations Committee meeting.
Action Item
ESIR-2
Resolution to Discontinue Program for Program Titled
Computerized Accounting Assistant Technical Diploma
(31-101-4)
Motion
It was moved by Ms. Baker, seconded by Ms. Maizonet to approve
Resolution to Discontinue Program for Program Titled Computerized
Accounting Assistant Technical Diploma (31-101-4)
Action
Motion approved.
ITEM L.
FINANCE, PERSONNEL AND OPERATIONS COMMITTEE
REPORT
Discussion
Ms. Maizonet gave highlights of the March 24, 2014, Finance,
Personnel, and Operations Committee meeting.
Action Items
FPO-6
Motion
Resolution (F0027-03-14) Authorizing the Sale of
$2,675,000.00 General Obligation Promissory Notes,
Series 2013-14J of Milwaukee Area Technical College
District, Wisconsin
It was moved by Ms. Maizonet seconded by Mr. Pérez, to approve
Resolution (F0027-03-14) Authorizing the Sale of $2,675,000.00
General Obligation Promissory Notes, Series 2013-14J of Milwaukee
Area Technical College District, Wisconsin.
Milwaukee Area Technical College District Board
March 25, 2014
Page 5
Discussion
Mr. John Mehan, managing director, Robert W. Baird & Co.,
distributed and reviewed the Final Pricing Summary for the
$2,675,000 General Obligation Promissory Notes, Series 20132014J.
Action
Motion approved, the roll call vote being as follows:
Ayes:
Dull, Maizonet, Pérez, Wilson, Baker and Holmes – 6
Noes:
None.
FPO-7
Resolution (F0028-03-14) Authorizing the Issuance of
$1,500,000 General Obligation Promissory Notes,
Series 2013-2014K of Milwaukee Area Technical
College District, Wisconsin
Motion
It was moved by Ms. Maizonet, seconded by Ms. Wilson, to approve
Resolution (F0028-03-14) Authorizing the Issuance of $1,500,000
General Obligation Promissory Notes, Series 2013-2014K of
Milwaukee Area Technical College District, Wisconsin.
Action
Motion approved, the roll call vote being as follows:
Ayes:
Maizonet, Pérez, Wilson, Baker, Dull and Holmes – 6
Noes:
None.
Discussion Items
L-1
Discussion
Ms. Maizonet presented the item as discussion.
L-2
Discussion
Preliminary Assumptions & Budget for FY 2014-15
Human Resources Diversity Report
Dr. Cardona and Ms. Rodriguez-Lewis presented the item as
discussion via the Human Resources Diversity Report.
Information Item
L-3
Discussion
OPEB Update
Ms. Maizonet presented the item as information.
Milwaukee Area Technical College District Board
March 25, 2014
Page 6
ITEM M.
Miscellaneous Items
1. Communications and Petitions.
2. Information Items.
ITEM N.
OLD BUSINESS/NEW BUSINESS
1. Future Agenda Items
2. Date of Next Meeting
Tuesday, April 22, 2014, 5:00 p.m. Regular Board Meeting,
Downtown Milwaukee Campus, Board Room (M210)
Adjournment
The meeting adjourned at 5:54 p.m.
Respectfully submitted,
Lauren C. Baker
Secretary
Attachment FPO - 2
BOARD BILLS LIST
The following bills are to be presented for approval at the meeting of the Milwaukee Area
Technical College District Board, State of Wisconsin, to be held on April 22, 2014
Check No.
Company
For
Amount
BILLS PAYABLE RECAPITULATION
Month of March 2014
Payments for encumbrances and monthly expenditures were made for the following funds:
General Fund
Special Revenue Fund-Operational
Special Revenue Fund-Non Aidable
Enterprise Fund
Capital Projects Fund
Debt Service Fund
Internal Service Fund
Public Television Fund
Total Expenditures
7,086,578.570
38,713.320
220,672.560
349,703.310
1,384,239.140
407.360
5,592,293.050
337,901.830
$
Secretary
Chair
Page 1
15,010,509
BOARD BILLS LIST
The following bills are to be presented for approval at the meeting of the Milwaukee Area
Technical College District Board, State of Wisconsin, to be held on 04-22-14.
Bank Transfer Payments
March 2014
Humana Health and Dental Insurance Claims
$
-
Humana Health and Dental Insurance Premiums
$
2,577,237.04
UMR Health Insurance Claims
$
609,893.31
M & I Investment Management Fees
$
49.37
Bank Service Charges
$
151.75
Merchant Service Credit Card Fees
$
10,853.94
Wisconsin Retirement System
$
1,658,740.87
OPEB Trust Transfers
$
Federal Payroll Tax
$
3,761,692.68
State Payroll Tax
$
569,337.91
State, County, and Stadium Sales Tax
$
148,974.43
-
Debt Service Fund Wire Payments
Mar-14
General Obligation Debt Series
Interest
None
Page 2
Principal
Board Bill List
Allocation of Cash By Fund
1
2
3
4
5
5
6
7
General Fund
Special Revenue Fund - Operational
Capital Projects
Debt Service
Enterprise
TV Fund
Internal Service Fund
Special Revenue Fund - NonAid
$
$
$
$
$
$
$
$
885,275.28
28,382.26
1,384,216.89
407.36
322,161.02
337,901.83
2,405,162.70
185,378.47
$
5,548,885.81
Add to Sheet 1 - Cell E15
Add to Sheet 1 - Cell E18
Add to Sheet 1 - Cell E19
Add to Sheet 1 - Cell E20
Add to Sheet 1 - Cell E18
Add to Sheet 1 - Cell E22
Add to Sheet 1 - Cell E21
Add to Sheet 1 - Cell E17
Credit Card Discount Fees
Internal Transfers - Get Info from Sue Jarvis
1-60-93101-5434-00000
1-60-00001-1305-00000
1-60-00001-1307-00000
(2) 1-60-93101-5434-00000
(2) 1-60-00001-1305-00000
4133.04 Add to Sheet 1 - Cell E15
6013.85 Add to Sheet 1 - Cell E18
707.05 Add to Sheet 1 - Cell E17
Add to Sheet 1 - Cell E15
Add to Sheet 1 - Cell E18
Linked to PVS Net Calculation Worksheet
Total Fund 1 - linked
Total Fund 2 - linked
Total Fund 3 - linked
Total Fund 5 - linked
Total Fund 7 - linked
$
$
$
$
$
$
58,223.24 Add to Sheet 1 - Cell E15
10,331.06
22.25
21,528.44 Add to Sheet 1 - Cell E18
34,587.04 Add to Sheet 1 - Cell E17
124,692.03
Attachment FPO - 3
Financials
MILWAUKEE AREA TECHNICAL COLLEGE
DEPOSITS AND INVESTMENTS
FOR THE MONTH OF MARCH 2014
AMOUNT
BMO HARRIS BANK
146,123
ALLOCATION RATE OF
%
RETURN
0.14%
0.01%
.
J P MORGAN CHASE BANK ACCOUNTS
101,578,889
CERTIFICATES OF DEPOSIT
WISCONSIN LOCAL GOVERNMENT INVESTMENT POO
99.26%
0.07%
-
0.00%
0.00%
18,873
0.02%
0.08%
592,336
102,336,222
0.58%
100%
0.05%
BMO INVESTMENT MANAGEMENT CORPORATION:
COMMERCIAL PAPER
SHORT TERM CORPORATE BONDS
GOVERNMENT OBLIGATIONS FUND
USA TREASURY BILLS
USA TREASURY NOTES
592,336
-
CASHFLOW ‐‐ ALL FUNDS
Fiscal Year 2014
140.00
120.00
Millions
100.00
80.00
60.00
40.00
20.00
‐
FY12‐13 ACTUAL
FY13‐14 PROJECTED
FY13‐14 ACTUAL
SHEET-ALL
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
FY12-13
FY13-14
ACTUAL PROJECTED
82.29
71.85
85.81
72.03
89.04
75.79
84.90
71.56
69.26
52.46
40.29
32.79
108.63
92.00
123.40
107.00
108.75
100.00
111.77
98.14
82.17
FY13-14
ACTUAL
70.15
73.72
76.78
73.29
52.75
33.39
93.81
108.48
102.34
Page 3
CASHFLOW -- OPERATING FUNDS
Fiscal Year 2014
70
60
Millions
50
40
30
20
10
0
FY12-13 ACTUAL
FY13-14 PROJECTED
FY13-14 ACTUAL
SHEET-OP FUNDS
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
FY12-13
ACTUAL
45.24
42.90
31.62
28.39
16.52
4.43
53.63
60.11
44.70
45.94
33.33
42.97
FY13-14
PROJECTED
30.64
31.00
21.00
21.38
9.20
3.79
37.00
43.00
35.00
39.57
26.38
34.33
FY13-14
ACTUAL
29.43
31.39
20.98
21.84
9.96
3.93
37.91
43.72
35.84
Page 5
CASHFLOW -- CAPITAL PROJECTS FUND
Fiscal Year 2013
40.00
35.00
30.00
Millions
25.00
20.00
15.00
10.00
5.00
-
FY12-13 ACTUAL
FY13-14 PROJECTED
FY13-14 ACTUAL
SHEET-CAP FUNDS
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
FY12-13
FY13-14
ACTUAL PROJECTED
25.02
20.36
20.00
22.22
33.00
35.91
28.00
34.67
22.95
32.90
21.00
31.40
27.00
29.42
28.00
28.97
28.99
29.00
16.40
28.48
14.91
28.07
10.00
24.00
FY13-14
ACTUAL
24.52
20.99
33.67
28.53
22.50
21.13
27.44
28.42
29.74
Page 7
CASHFLOW -- DEBT SERVICE FUND
Fiscal Year 2013
40.00
35.00
30.00
Axis Title
25.00
20.00
FY12-13 ACTUAL
FY13-14 PROJECTED
15.00
10.00
5.00
-
FY13-14 ACTUAL
SHEET-DEBT SERV
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
FY12-13
ACTUAL
16.70
20.69
21.51
21.84
19.85
4.46
25.59
34.32
35.07
37.35
36.74
15.20
FY13-14
PROJECTED
16.19
21.03
21.79
22.18
20.31
8.00
28.00
36.00
36.00
34.36
14.47
14.82
FY13-14
ACTUAL
16.20
21.34
22.13
22.93
20.28
8.34
28.45
36.34
36.76
Page 9
Attachment FPO - 4
matc
HUMAN RESOURCES REPORT
April 2014
Twenty transactions are included in the report for April.
Appointments
Eight appointments occurred during the reporting period, seven of which are faculty
appointments and one of which is a staff appointment. Included in the faculty
appointments are six part-time regular faculty and one part-time limited term faculty.
Included in the staff appointment is one part-time regular staff. Three males and five
females comprise the appointments. Represented in that total is one black female.
Fiscal year-to-date, total appointments are two hundred ninety. Included in that total are
one hundred seventeen males (40.3%) and one hundred seventy-three females
(59.7%). Minority hires total eighty-seven (30.0%), including sixty black (20.7%).
This Month
Year-to-date
YTD Percent
White
Male Femal
e
3
4
82
109
65.9%
2 or More Races
Male
0
2
Female
0
4
2.1%
Black
Male Female
0
26
1
34
20.7%
Hispanic
Male Female
0
3
0
10
4.5%
Asian
Male Female
0
0
0
6
2.1%
Native
American
Male Female
0
3
0
5
2.8%
Male
3
117
40.3%
Other
Male
0
1
Total
Female
Female
0
5
2.1%
Changes in Status
The two changes in status during this reporting period represent one part-time to fulltime assignment and full-time to part-time assignment. Two females comprise the
changes in status. Included in that total are one Hispanic female and one Asian female.
Separations
The ten separations represent five retirements and five resignations. Seven females
and three males comprise the separations. Included in that total are two black females.
5
173
59.7%
TRANSACTION SUMMARY REPORT
FOR
April 2014
APPOINTMENTS
CHANGES IN
STATUS
SEPARATIONS
BUSINESS
0
1(1)
2
3(1)
HEALTH SCIENCES
2
0
2(1)
4(1)
LIBERAL ARTS & SCIENCES
1
0
1(1)
2(1)
MEDIA & CREATIVE ARTS
0
0
0
0
PRE-COLLEGE
1
0
0
1
TECHNOLGY & APPLIED
3
0
1
4
ACADEMIC SERVICES
0
0
0
0
DISTRICT ADMINISTRATION
0
0
0
0
EMPLOYEE AND LEGAL
0
0
0
0
1(1)
0
2
3(1)
INFORMATION TECHNOLOGY
0
0
0
0
PUBLIC TELEVISION
0
0
0
0
STUDENT SERVICES
0
1(1)
2
3(1)
WORKFORCE & ECONOMIC
0
0
0
0
8(1)
2(2)
10(2)
20(5)
DIVISION OR SCHOOL
**AA
TOTAL
SCIENCES
SERVICES
FINANCE
DEVELOPMENT
TOTALS BY CATEGORY
TOTAL TRANSACTIONS FOR THE MONTH
**Affirmative Action totals in parentheses.
20(15)
Non-represented Salary Schedule
Effective July 1, 2012
Exempt
Salary
Grade
Title
917 916 915 914 913 912 911 Vice President Associate Vice President, Dean Associate Dean, Director Assistant Dean, Manager Coordinator Senior Specialist, Supervisor Specialist Minimum
Mid-Point
Maximum
$ 129,365 $ 90,000 $ 79,725 $ 64,055 $ 56,338 $ 46,539 $ 41,640 $ 166,812 $ 121,708 $ 108,108 $ 86,860 $ 76,393 $ 63,107 $ 56,463 $ 204,259 $ 153,415 $ 136,489 $ 109,664 $ 96,447 $ 79,673 $ 71,285 Non-Exempt
Salary
Grade
Title
Minimum
Mid-Point
Maximum
904 903 902 901 Senior Technician Administrative Specialist Assistant Aide $ 44,245 $ 38,475 $ 33,455 $ 24,228 $ 59,999 $ 52,170 $ 45,366 $ 32,851 $ 75,750 $ 65,864 $ 57,275 $ 41,476 Human Resources Report
April 2014
Appointments
Employee Status
Job Title
Type of
Transaction
Start
Date
Christine L. Freese
Julie A. Shafer
Part-Time Regular
Part-Time Regular
Instructor, Dental Technician
Instructor, Occupational Therapy Assistant
Replacement
Replacement
Liberal Arts & Sciences
Helen L. Chester
Part-Time Regular
Instructor, Speech
Media & Creative Arts
None
Pre-College
Susan M. Heitman
Part-Time Limited Term
Technology & Applied
Sciences
Ronald A. Hornik
John Lampi
Tom A. Olson
Academic Services
None
District Administration
None
Employee & Legal Services
None
Finance
Brittiny L. Qualls
Information Technology
None
Public Television
None
Student Services
None
Workforce & Economic
Development
None
Division or School
Employee Name
Business
None
Health Sciences
End
Date
Salary
Education
04/02/14
04/10/14
$43.6455/hour
$26.6139/hour
A.S. - MATC
M.S. - Concordia University
New Position
03/31/14
$46.2658/hour
B.A. - Unknown
Instructor, Career Preparation & Exploration
Temporary
03/31/14 05/09/14 $46.2658/hour
M.E. - Cardinal Stritch
Part-Time Regular
Part-Time Regular
Part-Time Regular
Instructor, Machine Shop
Instructor, Industrial Hydraulics - Pneumatics
Instructor, Machine Shop
New Position
New Position
New Position
03/21/14
03/24/14
03/24/14
$46.2658/hour
$34.4744/hour
$46.2658/hour
M.B.A. - DeVry University
M.A. - UW Stout
B.A. - UW Stout
Part-Time Regular
Child Development Specialist
Replacement
03/24/14
$20.0969/hour
A.A. - MATC
Human Resources Report
April 2014
Changes In Status
Division or School
Employee Name
Personnel Action
Business
Cathleen Kay Bayola Ruivivar Demotion
Health Sciences
None
Liberal Arts & Sciences
None
Media & Creative Arts
None
Pre-College
None
Technology & Applied Sciences
None
Academic Services
None
District Administration
None
Employee & Legal Services
None
Finance
None
Information Technology
None
Public Television
None
Student Services
Annabel C. Chavez
Workforce & Economic Development
None
Promotion
Job Title
Type of
Transaction
from Full-Time to Part-Time Word Processing Technician
Replacement
04/21/14
$21.7542/hour
from Disability Specialist to Student Services Specialist
Replacement
03/26/14
$37.1582/hour
Start Date End Date
Salary
Human Resources Report
April 2014
Separations
Effective
Date
Division or School
Employee Name
Ending Reason
Job Title
Business
Sandra S. Iwanski
Margaret S. Steger
Retirement
Retirement
Culinary Assistant
Culinary Technician
07/02/14
06/30/14
Health Sciences
Patricia M. Crowley
Gale A. Thurman
Resignation
Retirement
Instructor, Nursing Assistant
Instructor, Medical Assistant
05/23/14
05/23/14
Liberal Arts & Sciences
Yvonne T. McDonald
Retirement
Instructor, Communication Skills
05/23/14
Media & Creative Arts
None
Pre-College
None
Technology & Applied Sciences
Carol K. Bangs
Resignation
Instructor, Horticulture
05/30/14
Academic Services
None
District Administration
None
Employee & Legal Services
None
Finance
Edward J. Bushman
Richard R. Dries
Resignation
Retirement
Manager, Procurement
Director, Sustainability & Environmental Safety
05/30/14
06/30/14
Information Technology
None
Public Television
None
Student Services
Julie A. O'Connor
Michael J. Wilson
Resignation
Resignation
Customer Service Representative Float
Educational Assistant
05/02/14
02/28/14
Workforce & Economic Development
None
Attachment FPO – 5 PROCUREMENT REPORT APRIL 2014 The Procurement report consists of:  Part I External Contracts  Part II Procurements  Part III Contracts for Services  Part IV Construction Contracts  Part V Lease Agreements Each month the board approves contracts, procurements and services related to the operation of the College. The current items for board approval are: I.
External Contracts None II.
Procurements 1. Advertising Expenditures for Milwaukee Public TV $13,008.98
Minority Media Percentage was 3% March Actual Estimated $43,492.12
April Minority Media Percentage is 10‐12% May Estimated $15,428.88 Minority Media Percentage is 10‐12% 2. Advertising Expenditures for MATC March Actual $20,610.34 Minority Media Percentage was 2% April Estimated $41,585.60 Minority Media Percentage is 10‐12% May Estimated $20,077.50 Minority Media Percentage is 10‐12% 3. Space Planning Support Consulting Services For Annual Facilities Projects See Background Information Sheet for Detail $ 250,000.00 III.
Contracts for Services IV.
Construction Contracts 1. RENOVATION AND REMODELING Downtown Main Campus: Student Services Renovation Bid Reference 2014‐006 – Project # 2014436 William Sackerson Construction Company Inc. Cudahy, WI $ 505,350.00 1
2. RENOVATION AND REMODELING Downtown Main Campus: Student Services Renovation Bid Reference 2014‐005 – Project # 2014425, 2014427 & 2014459 Creative Constructors LLC Menomonee Falls, WI $ 580,800.00 V.
Lease Agreements None 2
Part II: PROCUREMENTS Item 1: Advertising Expenditures for Milwaukee Public TV Background Information Advertising and publicity expenditures are coordinated through an advertising/media firm. The advertising firm was selected through a formal request for proposal process. The advertising agency manages production and media placement. Channels 10/36 station media expenses were submitted for review to the Public Television Committee and are herewith submitted to the Finance, Personnel and Operations Committee for review and for presentation to the Board. College and station media purchases are executed through Eichenbaum & Associates, Milwaukee, WI which receives a commission for its placements. Channel 10/36 advertising and publicity services placed in March 2014 plus estimates for April 2014 and May 2014 are listed below and in the attachments. $13,008.98 March 2014 Actual advertising expenditures Minority Media percentage was 3% April 2014 Actual advertising expenditures $43,492.12 Minority Media percent target is 10‐12% $15,428.88 May 2014 Advertising estimates Minority Media percent target is 10‐12% Detailed information by month is attached, along with a fiscal year summary page.
3
Part II: PROCUREMENTS Item 1: Advertising Expenditures for Milwaukee Public TV Detail page for March Actual EICHENBAUM / ASSOCIATES Milwaukee Public TV Media 219 North Milwaukee Street Milwaukee, WI 53202 P: 414.225.0011 / F: 414.225.0022 March, 2014 Actual Advertising Objectives: Pledge Special Programming Media Budget: $13,008.98 Online Out‐of‐Home Print Milwaukee Times (Pledge) $380.88 Radio Pledge Direct Mail $12,628.10 Target Minority Owned Media Percentage: 10‐12% of media cost 3% Hispanic‐Owned Milwaukee Times $380.88 African American‐Owned 4
$380.88 Part II: PROCUREMENTS Item 1: Advertising Expenditures for Milwaukee Public TV Detail page for April Estimate Milwaukee Public TV Media EICHENBAUM / ASSOCIATES 219 North Milwaukee Street Milwaukee, WI 53202 P: 414.225.0011 / F: 414.225.0022 April, 2014 Estimate Advertising Objectives: Special Programming Auction Media Budget: $43,492.12
Online Online/Social Media (Auction) Out‐of‐Home Digital Boards (Auction) Digital Boards (Peter Pan) $5,250.00 $3,500.00 $2,013.24 Print El Conquistador (Adelante) Milwaukee Times (Black Nouveu) $692.12 $761.76 Radio Auction $31,275.00 Direct Mail Target Minority Owned Media Percentage: 10‐12% of media cost 3% Hispanic‐Owned El Conquistador $692.12 African American‐Owned Milwaukee Times $761.76 5
$1,453.88
PROCUREMENTS Item 1: Advertising Expenditures for Milwaukee Public TV Detail page for May Estimate EICHENBAUM / ASSOCIATES 219 North Milwaukee Street Milwaukee, WI 53202 P: 414.225.0011 / F: 414.225.0022 Milwaukee Public TV Media May, 2014 Estimate Advertising Objectives: Auction Media Budget: $15,428.88 Online Online/Social Media (Auction) $2,250.00 Out‐of‐Home Print El Conquistador (Adelante) Milwaukee Times (Black Nouveu) $692.12 $761.76 Radio Auction Direct Mail $11,725.00 Target Minority Owned Media Percentage: 10‐12% of media cost 9% Hispanic‐Owned El Conquistador $692.12 African American‐Owned Milwaukee Times $761.76 6
$1,453.88 Part II: PROCUREMENTS Item 1: Advertising Expenditures for Milwaukee Public TV Monthly Actual Milwaukee Public Television Media EICHENBAUM / ASSOCIATES 219 North Milwaukee Street Milwaukee, WI 53202 P: 414.225.0011 / F: 414.225.0022 MINORITY SPENDING REPORTS
FY2014: July 2013 ‐ June 2014
(Media amounts by month billed)
AS OF 3/27/2014 TOTAL MEDIA SPENDING (ALL TARGETS)
Month July August September October November December January February March April May June Total Radio $0.00 $0.00 $8,545.15 $0.00 $5,769.23 $10,501.53 $7,694.16 $0.00 $12,628.10 TV $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $45,138.17 Print $0.00 $726.94 $1,535.50 $3,293.21 $380.88 $346.06 $816.01 $1,073.00 $380.88 Outdoor $0.00 $0.00 $0.00 $13,222.06 $0.00 $0.00 $2,938.24 $0.00 $0.00 Online $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $716.75 $0.00 $0.00 Placed directly through MPTV $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Total Media Placements $0.00 $726.94 $10,080.65 $16,515.27 $6,150.11
$10,847.59 $12,165.16 $1,073.00 $13,008.98 $8,552.48 $16,160.30 7
$716.75 $0.00 $70,567.70 Part II: PROCUREMENTS Item 2: Advertising Expenditures for MATC Background Information Advertising and publicity expenditures are coordinated through an advertising/media firm. The advertising firm was selected through a formal request for proposal process. The actual placement of the advertising is then treated as sole source procurement. The advertising agency manages production and media placement. College media expenses are herewith submitted to the Finance, Personnel and Operations Committee for review and for presentation to the Board. College media purchases were executed through Stir, LLC, Milwaukee, WI which receives a commission for placements made. MATC advertising and publicity services placed in March 2014 plus estimates for April 2014 and May 2014 are listed below and in the attachments. $20,610.34 March 2014 Advertising expenditures Minority Media percent was 2% April 2014 Advertising expenditures $41,585.60 Minority Media percent target is 10‐12% May 2014 Advertising estimate $20,077.50 Minority Media percent target is 10‐12% 8
Part II: PROCUREMENTS Item 2: Advertising Expenditures for MATC Detail page for March Actual STIR, LLC 135 W. Wells Street, STE 800 Milwaukee, WI 53203 P: 414‐278‐0040/ F: 414‐278‐0390 Milwaukee Area Technical College Media March 2014 ACTUAL Advertising Objective: Recruitment & Community Relations $20,610.34
Media Budget: Online Out‐of Home Print Radio Job Report WNRG‐FM Job Report WHQG‐FM WLUM‐FM week of 03/24 WRNW‐FM week of 03/24 WXSS‐FM week of 03/24 WJTI‐AM week of 03/24 $9,514.96
$2,350.00
$2,340.00
$720.00
$310.00
$1,490.00
$300.00
Television Social Media Services Facebook Advertising STIR‐Production & Marketing Services $3,235.38
$350.00
Total Expenditure:
Minority Spend: March 2014 $20,610.34
$300.00
9
Part II: PROCUREMENTS Item 2: Advertising Expenditures for MATC Detail page for April Estimate STIR, LLC 135 W. Wells Street, STE 800 Milwaukee, WI 53203 P: 414‐278‐0040/ F: 414‐278‐0390 Milwaukee Area Technical College Media APRIL 2014 Estimate Advertising Objective: Recruitment & Community Relations $41,585.60 Media Budget: Online Out‐of Home Print Radio Television $9,750.22 $22,850.00 $5,400.00 Social Media Services Facebook Advertising STIR‐Production & marketing Services $3,235.38 $350.00 Total Estimated Expenditure: Minority Spend: April 2014 $41,585.60 $10,350.00 10
Part II: PROCUREMENTS Item 2: Advertising Expenditures for MATC Detail page for May Estimate STIR, LLC 135 W. Wells Street, STE 800 Milwaukee, WI 53203 P: 414‐278‐0040/ F: 414‐278‐0390 Milwaukee Area Technical College Media MAY 2014 Estimate Advertising Objective: Recruitment & Community Relations Media Budget: $20,077.50 Online Out‐of Home Print Radio Television $5,382.50 $12,095.00 $2,600.00 Social Media Services Facebook Advertising STIR‐Production & marketing Services Total Estimated Expenditure: Minority Spend: May 2014 $20,077.50 $3,900.00 11
Part II: PROCUREMENTS Item 2: Advertising Expenditures for MATC Monthly Actual Milwaukee Area Technical College Media STIR, LLC 135 W. Wells Street, STE 800 Milwaukee, WI 53203 P: 414‐278‐0040/ F: 414‐278‐0390 Month July August September October November December January February March April May June Total TOTAL MEDIA SPENDING (ALL TARGETS)
Placed directly Print Outdoor Online through MATC $0.00 $0.00 $0.00 $0.00 $726.94 $0.00 $0.00 $0.00 $1,535.50 $0.00 $0.00 $0.00 $3,293.21 $13,222.06 $0.00 $0.00 $0.00
$0.00 $3,585.38
$0.00 $0.00
$0.00 $3,585.38
$0.00 $0.00
$0.00 $3,585.38
$0.00 $0.00
$0.00 $3,585.38
$0.00 $3,585.38
$0.00 $0.00 $9,514.96
Radio TV $0.00 $0.00 $0.00 $0.00 $8,545.15 $0.00 $0.00 $0.00 $15,935.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7,510.00 $0.00 $31,990.15 $0.00 $5,555.65
Total Media Placements $0.00 $726.94
$10,080.65
$16,515.27
$19, 520.38
$3,585.38
$3,585.38
$3,585.38
$20,610.34
$22,737.02
12
$18,846.90
$0.00 $79,129.72
Part II: PROCUREMENTS Item 1: SPACE PLANNING SUPPORT CONSULTING SERVICES FOR ANNUAL FACILITIES PROJECTS Background Information Construction Services’ responsibilities include the planning, design and approval of college space and placement of the appropriate furniture. RFP 14‐22 was issued for the purpose of acquiring these professional services to supplement regular staff resources which are dedicated to other core tasks. The RFP was distributed to thirteen (13) vendors. Three responses were received. A.T Designs, Oak Creek, WI CK Interior Solutions, Glendale, WI Eppstein Uhen, Milwaukee, WI A team of three MATC employees evaluated the proposals based on the following criteria. [ 20% ] Historical record of successfully completing similar projects on time / within budget with emphasis on educational facility renovation/remodeling and/or improvement [ 20% ] Key professional members of the team who will be actively working on and responsible for the project. These professionals will be evaluated on their background, experience, qualifications, and their reputation for satisfactorily completing projects of a similar nature, scope and type. Include the resumes of these key members in your proposals [ 15% ] Methods, procedures and philosophy of your firm in providing the requested services [ 5% ] Involvement of HUB (MBE/WBE/DBE, etc.) participation and diversity commitment in the project process [ 5% ] Longevity as a firm providing the services as requested [ 5% ] Experience with WTCS projects and procedure [30% ] Proposed fees and cost containment strategies The evaluation team recommends the three (3) proposers be “short listed” for specific projects or groups of projects. The term is a three (3) year period beginning July 1, 2014 with the option to renew for two (2) one (1) year periods, upon mutual agreement by MATC and the applicable party. Total fees are expected to range annually from about $250,000.00, depending on the scope and nature of the specific project/budgets. Positive action by the MATC board will result in the issuance of projects to the three proposers listed. 13
Part IV: CONSTRUCTION Item 1: RENOVATION AND REMODELING Downtown Main Campus: Student Services Renovation Bid Reference 2014‐006 – Project # 2014436 Background Information Previously, the Board approved lists of renovation and remodeling capital projects for various budget years. The projects and funding plans have also been approved as part of the respective fiscal year budget approvals. The subject projects deal with the Student Services at the MATC Downtown Campus. This Bid package # 2014‐006 includes multiple remodeling / improvement projects and stages as outlined below to include: DMC S101, S220, S222, & M240 Call Center, Recruitment and Times Office # 2014436 The contract recommended for approval below is for a single prime contract that pertains to the general construction for the previously mentioned areas. Bid documents for the aforementioned work were prepared in accordance with Board policies and State regulations, and advertisements were placed in the Daily Reporter, the Milwaukee Courier and the Spanish Journal. The bids were opened on March 27th, 2014 with the following results of the Base Bid: REMODELING SPECIFIED AREAS & RELATED WORK (Comprehensive Single Prime) Allcon, LLC $ 525,498.00 Burkhart Construction Corporation $ 508,900.00 Creative Business Interiors $ 563,934.00 Creative Constructors LLC $ 548,500.00 KPH Construction Corp. $ 510,215.00 VJS Construction Services Inc. $ 607,998.00 Wm. Sackerson Construction Company Inc. $ 505,350.00* Proposals were evaluated, and the low qualified bid, as indicated by the asterisk, has met specifications. There were no challenges to the bid document or the manner in which the successful bidder was selected. Positive action by the Board on this item will authorize the issuance of a contract in the amount shown to the firm indicated by the asterisk. 14
Part IV: CONSTRUCTION Item 2: RENOVATION AND REMODELING Downtown Main Campus: Student Services Renovation Bid Reference 2014‐005 – Project # 2014425, 2014427 & 2014459 Background Information Previously, the Board approved lists of renovation and remodeling capital projects for various budget years. The projects and funding plans have also been approved as part of the respective fiscal year budget approvals. The subject projects deal with projects at the Oak Creek Campus. This Bid package # 2014‐005 includes multiple remodeling / improvement projects as outlined below to include: Diesel Lab Expansion into Dynocell B164 – Project # 2014425 Automotive Lab Renovation, B157 & B159 – Project # 2014427 CNG Engine Lab Compliance – Project # 2014459 The contract recommended for approval below is for a single prime contract that pertains to the general construction for the previously mentioned areas. Bid documents for the aforementioned work were prepared in accordance with Board policies and State regulations, and advertisements were placed in the Daily Reporter, the Milwaukee Courier and the Spanish Journal. The bids were opened on April 3rd 2014 with the following results of the Base Bid and accepted alternates 1, 2 & 3. REMODELING SPECIFIED AREAS & RELATED WORK (Comprehensive Single Prime) Allcon, LLC $ 723,887.00 Burkhart Construction Corporation $ 636,490.00 Creative Constructors LLC $ 580,800.00* KPH Construction Corp. $ 667,522.00 Wm. Sackerson Construction Company Inc. $ 662,980.00 Proposals were evaluated, and the low qualified bid, as indicated by the asterisk, has met specifications. There were no challenges to the bid document or the manner in which the successful bidder was selected. Positive action by the Board on this item and on the concurrently submitted Resolution to Revise Fiscal Year 2013‐
2014 Renovation/Remodeling (Capital) Projects dated April 15, 2014, will authorize the issuance of a contract in the amount shown to the firm indicated by the asterisk. 15
MILWAUKEE AREA TECHNICAL COLLEGE
BOARD SELF-EVALUATION INSTRUMENT
The MATC District Board annual Board Self-Evaluation Instrument is designed to
capture your opinion on how the board, as a whole, operates in the following
areas:
1.
2.
3.
4.
5.
6.
Preparation for responsible participation
Commitment to responsible stewardship
Relationship with the external constituencies
Board organization
Board–president relations
Comments
In the tables on Pages 2, 3, and 4, please check () the appropriate rating:
A - Excellent
B - Good
C - Fair
D - Needs Substantial Improvement
E - No Experience
DO NOT COMPLETE THE LAST PAGE. Read the questions and think about
your answers. These questions will be used as a discussion tool at a future
Board Retreat.
Please complete the evaluation and return it to the MATC District Board
Chairperson by May 27, 2014. The Chairperson will compile results and distribute
a summary document at the board meeting on June 24, 2014.
MILWAUKEE AREA TECHNICAL COLLEGE
BOARD EVALUATION INSTRUMENT
No.
Item
1.
All Board Members: Prepared to Participate Responsibly
a.
Prepared to work at meetings
b.
Knowledgeable about policy and procedures
c.
f.
Understands the distinct mission of technical colleges relative
to other sectors of education
Knowledgeable about issues affecting the College’s Mission
and Goals
Knowledgeable about the distinct roles of the administration,
staff and faculty in the operation of the college
Understands matters of confidentiality
g.
Accepts the group’s decision as legitimate
h.
Additional comments
d.
e.
2.
a.
Excellent
(A)
Good
(B)
Fair
(C)
All Board Members Committed to Responsible Stewardship
Governs effectively through Board Policy
b.
Commits sufficient time and effort to Governance
Responsibilities
c.
Participates in educational and professional development
d.
Remains unencumbered by partisan politics or personal
agendas
e.
Functions effectively as caretakers of the College on behalf
of the citizens of the counties
f.
Periodically assesses its own effectiveness
g.
Is effective in its mid- and long-range planning
h.
The board understands the fiscal condition of the college.
i.
The board has established parameters for college budget
planning.
j.
The board understands the budget document.
k.
The board understands the long-range facility plan.
l.
Additional comments
2
Needs
Substantial
Improvement
(D)
No
Experience
(E)
Excellent
(A)
No.
Item
3.
All Board Members Relationship with the External Constituencies
a.
Actively engages with the many constituencies of the district.
b.
Acts on behalf and for the benefit of the community.
c.
Maintains an affinity with the broader educational community.
d.
Knowledgeable about the community and its educational,
social, political, economic and environmental needs.
Adequately identifies the college’s constituencies.
e.
f.
g.
h.
i.
j.
Invites opinions from groups and individuals with competing
interests to speak before the board.
Maintains an affinity with the broader business community.
k.
4.
Board Organization
a.
The board operates as a unit.
b.
Board members uphold the final majority decision of the
board.
Board members represent board policy in responding to
public and employee questions.
Board members make decisions after thorough discussion
and exploration of many perspectives.
Board meetings are conducted in an orderly, efficient manner
that allows for sufficient discussion.
The meeting agendas are relevant to the work of the board.
d.
e.
f.
g.
h.
i.
j.
l.
m.
Fair
(C)
Maintains effective communication with the many
constituencies of the college.
Advocates for MPTV.
The board adheres to protocols for dealing with citizens and
the media.
Additional comments
c.
Good
(B)
The board has adequate input into the planning of meeting
agendas.
Meeting agenda items contain sufficient background
information and recommendations for the board.
Board officer responsibilities are clear.
Board officer responsibilities are appropriate for the work of
the board.
New board members receive an orientation to the board and
the institution.
Additional comments
3
Needs
Substantial
Improvement
(D)
No
Experience
(E)
No.
5.
Item
Board–President Relations
a.
A climate of mutual trust and respect exists between the
board and President.
The board sets clear expectations for the President.
b.
c.
d.
e.
f.
g.
h.
i.
Excellent
(A)
Good
(B)
Fair
(C)
The board provides a high level of support to the chief
executive.
The board maintains open communication with the President.
Board members are available to the President for support
and feedback.
The board effectively evaluates the President.
Board members keep the President informed about contacts
with the community and staff.
Board members respect the role of the President as the link
between the board and staff.
The board encourages the professional growth of the
President.
Additional comments
4
Needs
Substantial
Improvement
(D)
No
Experience
(E)
6.
a. .
For Discussion Only
What are the board’s greatest strengths?
b. .
What are the major accomplishments of the board in the past year?
c.
What are areas in which the board could improve?
.
d.
As a trustee, I am most pleased about. . .
e.
As a trustee, I have concerns about . . .
f.
As a trustee, I would like to see the following changes in how the board operates. . .
g.
I recommend that the board has the following goals for the coming year. . .
h.
Additional comments
5
ATTACHMENT ESIR - 2
Resolution to Approve Concept Review
For Program Titled
Paramedic Technician (31-531-2)
Background Information:
The need for a paramedic program at MATC has been evident for many years. Many of our fire and
EMS students have transferred to neighboring technical colleges to acquire their paramedic education.
The local fire and private emergency services most often require a Wisconsin Paramedic License to
apply for a position with their organizations. This requirement is necessary for over 70% of
departments in our region. We expect to have an extensive waiting list once the program opens. The
Milwaukee County Association of Fire Chiefs (MCAFC), the local private EMS ambulance companies,
and now the MATC Health Sciences Division are looking forward to having a paramedic program to
provide both basic and refresher classes as required by the State.
The paramedic program provides the training necessary to obtain the highest level of Wisconsin
Emergency Medical Services licensure, which is where all fire departments and ambulance services
are striving to provide. In addition, the Nursing Department in Health Sciences is already working on a
pathway for “paramedic to nurse” and also “nurse to paramedic”. Also, the MCAFC is awaiting a new
associate degree program from MATC for their recruits that includes the paramedic program and will
be called the “Firemedic Associate Degree”. We would like to offer this degree by Fall of 2015.
Resolution
BE IT RESOLVED, that the District Board of the Milwaukee Area Technical College submit a request
to the Wisconsin Technical College System for consideration and approval of the Concept Review of
the Paramedic Technician (31-531-2) program.
04/21/2014
Attachment ESIR – 4 F e b r u a r y
Dashboard Indicators
Student Retention
1
MATC TRENDS: Fall‐to‐Spring Persistence Rate First‐Time Degree‐Seeking Students
90%
80%
70%
77%
80%
76%
75%
67%
61%
64%
81%
80%
70%
67%
78%
70%
67%
60%
50%
40%
30%
20%
10%
0%
FA2007 FA2008 FA2009 FA2010 FA2011 FA2012 FA2013
(N=1,760) (N=1,771) (N=2,031) (N=2,232) (N=2,161) (N=2,012) (N=2,021)
FT Rate
PT Rate
Source: IPEDS & SSDW data bases
Note: Persistence data are based on end of the Spring term. Percentages denote the proportion who enrolled for the first time in the fall term and who had re‐enrolled in the following spring term: e.g., FA2006= fall term of 2005‐2006 academic year, and so on. 2
MATC TRENDS: Fall‐to‐Fall Retention Rate First –Time Degree‐Seeking Students
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
50%
47%
51%52%
54%
47%
51%53%
54%
48%
53%51%
53%
48%
FA2006
(N=1,899)
FA2007
(N=1,760)
FA2008
(N=1,771)
FA2009
(N=2,031)
FA2010
(N=2,232)
FA2011
(N=2,160)
FA2012
(N=2,012)
FT Rate
PT Rate
Source: IPEDS & CSRDE
Note: 5th week of fall term used as the base for computing percentages. Percentages denote the proportion who enrolled for the first
time in the fall term and who had re‐enrolled in the following fall term: e.g., FA2006= fall term of 2005‐2006 academic year with re‐
enrollment in FA2007 and so on. 3
MATC TRENDS: FA2012 Comparative Fall‐to‐Fall Retention Rate First‐Time Degree‐Seeking Students
90%
80%
70%
66%
58%
60%
51%
50%
45%
51%
49%
37%
40%
61%
58%
38%
52%
51%
47%
41%
41%
51%
53%
48%
37%
32%
30%
20%
10%
0%
El Paso CC
Portland CC CC of Balt. Co.
CC of
Bunker Hill CC CC of Phil.
Allegheny Co.
FT Rate
Cuyahoga CC St. Louis CC Cincinnati TCC
MATC
PT Rate
Source: IPEDS; 5th week of fall term used as the base. Note: Percentages denote the proportion who enrolled for the first time in the fall term noted below and who had re‐enrolled in the following fall term; The horizontal blue line denotes full‐time college average (54%), a 3% decrease from last year; The horizontal red line denotes part‐time college average (41%), a 4% decrease.
Attachment ESIR ‐ 4 March
Dashboard Indicators:
Student Persistence
1
MATC TRENDS: Comparative Full‐Time Transfer/Graduation Rate Within Three‐Year Period
70%
60%
50%
40%
37%
35%
30%
15%
22%
24%
15%
10%
25%
23%
20%
17%
13%
10%
0%
31%
25%
22%
20%
32%
30%
36%
34%
10%
10%
15% 15%
17%
13%
11%
11%
8%
4%
0%
MATC
Portland CC
CC of Phila.
CC of Allegheny
Co.
St. Louis CC
CC of Balt. Co.
Cincinnati T &
CC
Cuyahoga CC
El Paso CC
Bunker Hill CC
Graduation Rate
Transfer Rate
Total Success Rate
Graduation Rate Average
Transfer Rate Average
Total Success Rate Average
Note: Data are reported for first-time, full-time, degree-seeking students starting classes in FA2010 (fall 2009)
and who graduated or transferred within three years (by spring term 2012). In comparison to last cohort, the
average graduation rate increased from 10% to 11%, the average transfer rate declined from 22% to 18%, and
the average total success rate declined from 32% to 29%. Source: IPEDS.
2
MATC Transfer Rate Within 3 Years: IPEDS Full‐time Cohorts FA05‐FA09
70%
60%
50%
40%
31%
30%
20%
27%
17%
26%
22%
20%
10%
0%
Transfer Rate
FA2005
FA2006
FA2007
FA2008
FA2009
FA2010
Note: Transfer rates are based on the Graduation Rate Survey reported to IPEDS on first-time, full-time, degreeseeking students who transfer within three years. Source: IPEDS; 5th week of fall term used as the base.
MATC Graduation Rate Trend Within 3 and 5 Years: IPEDS Full‐time Cohorts
70%
60%
50%
40%
30%
30% 29%
28%
23% 22% 22%
20%
20%
18% 18% 19%
26% 25% 26% 26%
22%
15%
10%
0%
Within 3 years
FA2002
FA2003
FA2004
Within 5 years
FA2005
FA2006
FA2007
FA2008
FA2009
Note: IPEDS full-time cohort includes first-time, full-time, degree-seeking students. Number of students in each cohort
is: FA02=1017; FA03=1060; FA04=1082, FA05=1105, FA06=1084, FA07=1025, FA08=1007, FA09=1150. Source:
IPEDS & State Reporting.
MATC Graduation Rate Trend: IPEDS Part‐time Cohorts
70%
60%
50%
40%
30%
22%
20%
14%
12%
15%
12%
14%
16%
24%
20%
19% 20%
23%
18% 19%
14% 14%
10%
0%
Within 3 years
FA2002
FA2003
FA2004
Within 5 years
FA2005
FA2006
FA2007
FA2008
FA2009
Note: IPEDS part-time cohort includes first-time, part-time, degree-seeking students. Number of students in each
cohort is: FA02=735; FA03=821; FA04=846, FA05=842, FA06=815, FA07=735, FA08=765, FA09=881. Source: IPEDS
& State Reporting.
MATC Graduation Rate Trend: IPEDS Full‐ and Part‐Time Cohorts
70%
60%
50%
40%
30%
20%
26% 25% 26%
19% 18% 19%
17% 16% 17% 17%
15%
23% 22%
25%
22% 21%
10%
0%
Within 3 years
FA2002
FA2003
FA2004
Within 5 years
FA2005
FA2006
FA2007
FA2008
FA2009
Note: IPEDS cohort includes both full-time and part-time, first-time, degree-seeking students. Number of students in
each cohort is: FA02=1752; FA03=1881; FA04=1928, FA05=1947, FA06=1899, FA07=1760, FA08=1771, FA09=2031.
Source: IPEDS & State Reporting
MATC TRENDS: Prepared Learner Initiative (PLI)
Cohort Graduation Rates in 3 Years
70%
60%
50%
40%
30%
20%
10%
8%
6%
6%
6%
0%
PLI ‐Entering Students Who Graduate within 3 Years
FA2008
FA2009
FA2010
FA2011
Note: PLI students are defined as those who were new in four years and attempted at least one PLI course in the
respective term. FA2008= 607; FA2009= 804; FA2010= 995; FA2011=1181. Source: Student Services Data
Warehouse.
MATC TRENDS: Pre‐College Transitions
Progress Over 4 Years 70%
64%
60%
57%
50%
56%
46%
43%
40%
30%
20%
15%
12%
10%
8%
17%
7%
0%
Students without HS Credentials Taking Pre‐College HS
Level Courses
FA2006
FA2007
FA2008
Students with HS Credentials Routed to Pre‐College
Rem./Dev. Coursework (NOT PLI)
FA2009
FA2010
Note: Percentage is based on students enrolled in only 76-level coursework in Pre-College in the respective term and
enrolled in a post-secondary coursework in following terms within four years. FA2006 Cohort= 2,134 (1720 vs. 414);
FA2007=1,537 (1042 vs. 495); FA2008=1,879 (1344 vs. 535); FA2009=1,610 (1344 vs. 266); FA2010=1740 (1574 vs.
166). Source: Student Services Data Warehouse.
Attachment ESIR ‐ 4 April
Dashboard Indicators:
Student Persistence (cont.)
1
MATC TRENDS: Number of Program Graduates
Unduplicated Total
Duplicate Total
3,500
3,000
2,500
2,000
1,500
1,000
500
0
FY2009
FY2010
FY2011
FY2012
FY2013
Note: Numbers of Graduates include Associate Degree, Technical Diploma and Apprenticeship.
Source: WTCS Client Reporting.
MATC TRENDS: Number of Graduates by Race/Ethnicity
White
Black
Hispanic
Asian
American Indian
Multi‐Racial
3,500
3,000
2,500
2,000
1,500
1,000
500
0
FY2009
FY2010
FY2011
FY2012
FY2013
Note: Numbers of Graduates are duplicated and include Associate Degree, Technical Diploma and Apprenticeship. Students
who did not report race and ethnicity are not displayed. Those in 2011, 2012, & 2013 were able to choose a new multi-racial
code. Source: WTCS Client Reporting.
MATC TRENDS: Number of Graduates by Level of Degree
Associate Degree
Diploma
Apprenticeship
3,500
3,000
2,500
2,000
1,500
1,000
500
0
FY2009
FY2010
FY2011
FY2012
FY2013
Note: Numbers of Graduates are duplicated and include Associate Degree, Technical Diploma and
Apprenticeship. Source: WTCS Client Reporting.
MATC TRENDS: Employment Rate
Associate Degree & Diploma Program Graduates
Associate Degree
Diploma
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
FY2009
FY2010
FY2011
FY2012
FY2013
Source: Annual Graduate Employment Survey of Associate Degree and Diploma Students which do not include Apprenticeship students; Note: Employment rate data are based on those responding and providing feedback to a telephone survey within 6+ months after graduation. FY2013 data not finalized at WTCS.
MATC TRENDS: Salary
Associate Degree & Diploma Program Graduates
Associate Degree
Diploma
$45,000
$40,000
$35,000
$30,000
$25,000
$20,000
$15,000
$10,000
$5,000
$0
FY2009
FY2010
FY2011
FY2012
FY2013
Source: Annual Graduate Employment Survey of Associate Degree and Diploma Students which do not include Apprenticeship students; Note: Salary data are based on those responding and providing feedback to a telephone survey within 6+ months after graduation. FY2013 data not finalized at WTCS.
Attachment FPO - 6
$1,500,000.00
Milwaukee Area Technical College District, Wisconsin
General Obligation Promissory Notes, Series 2013-14K
RESOLUTION AUTHORIZING THE SALE OF $1,500,000.00
GENERAL OBLIGATION PROMISSORY NOTES, SERIES 2013-14K
F0029-04-14
WHEREAS, pursuant to Section 67.12(12) of the Wisconsin Statutes, as amended
(the “Act”), the Milwaukee Area Technical College District, Wisconsin (the “District”), is
authorized to issue notes of the District in the aggregate amount of $1,500,000.00 for the
public purpose of financing building remodeling and improvement projects, consisting of
projects included in the District's 2013-2014 building remodeling and improvement program
(the public purpose projects described above are hereafter referred to as the “Public
Purposes”); and
WHEREAS, on March 25, 2014, the District authorized the issuance of
$1,500,000.00 General Obligation Promissory Notes, Series 2013-14K (the “Notes”) for the
Public Purposes; and
WHEREAS, the District has prepared and distributed a Preliminary Official
Statement, dated April 15, 2014 (the “Preliminary Official Statement”), describing the Notes
and the security therefor; and
WHEREAS, the District has examined proposed documentation for the Notes
(collectively, the “Note Documents”), as follows:
(a)
an Official Notice of Sale issued by the District and a Parity Bid Form
(the “Note Purchase Agreement”) to be entered into between the District and the
Underwriter, providing for the sale of the Notes; and
(b)
the Preliminary Official Statement.
WHEREAS, it is now expedient and necessary for the District to issue its general
obligation promissory notes in the amount of $1,500,000.00 for the Public Purposes;
NOW, THEREFORE, the District hereby resolves as follows:
Section 1. Definitions. The following terms shall have the following meanings in this
Resolution unless the text expressly or by implication requires otherwise:
“Act” shall mean Section 67.12(12) of the Wisconsin Statutes;
“Code” shall mean the Internal Revenue Code of 1986, as amended;
“Continuing Disclosure Agreement” shall mean the Continuing Disclosure
Agreement, executed and delivered by the Issuer, dated May 15, 2014 (the “Continuing
Disclosure Agreement”), delivered by the District for the purpose of complying with the
requirements of Rule 15c2-12 promulgated by the Securities and Exchange Commission
under the Securities Exchange Act of 1934, as amended;
“Dated Date” shall mean May 15, 2014;
“Debt Service Fund” shall mean the Debt Service Fund of the District, which shall be
the “special redemption fund” as such term is defined in the Act;
“District” shall mean the Milwaukee Area Technical College District, Wisconsin;
“Fiscal Agent” shall mean the Treasurer of the District;
“Governing Body” shall mean the Board of the District, or such other body as may
hereafter be the chief legislative body of the District;
“Initial Resolution” shall mean the “Resolution Authorizing the Issuance of
$1,500,000.00 General Obligation Promissory Notes, Series 2013-14K of Milwaukee Area
Technical College District, Wisconsin”, adopted by the Governing Body on March 25, 2014;
“Note Registrar” means the Secretary of the District;
“Notes” shall mean the $1,500,000.00 General Obligation Promissory Notes, Series
2013-14K, of the District;
“Public Purposes” shall mean the public purpose of financing $1,500,000.00 of
building remodeling and improvement projects, consisting of projects included in the
District's 2013-2014 building remodeling and improvement program;
“Purchase Price” shall mean $1,539,761.00 ($1,500,000.00 par amount of Notes,
plus premium of $44,936.00, less underwriter's discount of $5,175.00);
“Record Date” shall mean the close of business on the fifteenth day of the calendar
month next preceding any principal or interest payment date;
“Securities Depository” means The Depository Trust Company, New York, New
York, or its nominee; and
“Underwriter” means Hutchinson, Shockey Erley & Co.
Section 2. Authorization of the Notes. For the purpose of financing the Public
Purposes, there shall be borrowed on the full faith and credit of the District the sum of
2
$1,500,000.00; and fully registered general obligation promissory notes of the District are
authorized to be issued in evidence thereof.
Section 3. Sale of the Notes. To evidence such indebtedness, (i) the Chairperson
or the Vice Chairperson and (ii) the Secretary of the District are hereby authorized,
empowered and directed to make, execute, issue and sell to the Underwriter for, on behalf
of and in the name of the District, general obligation promissory notes in the aggregate
principal amount of One Million Five Hundred Thousand Dollars ($1,500,000.00) for the
Purchase Price, plus accrued interest to the date of delivery.
Section 4. Terms of the Notes. The Notes shall be designated “General Obligation
Promissory Notes, Series 2013-14K”; shall be dated the Dated Date; shall be numbered
one and upward; shall bear interest as shown on the Maturity Schedule below; shall be
issued in denominations of $5,000 or any integral multiple thereof; and shall mature on the
dates and in the amounts as set forth below. Interest on the Notes shall accrue from the
Interest Accrual Date and shall be payable semi-annually on June 1 and December 1 of
each year, commencing on December 1, 2014.
MATURITY SCHEDULE
Maturity
Date
Principal
Amount
Interest
Rate
June 1, 2015
June 1, 2016
June 1, 2017
June 1, 2018
$350,000
$500,000
$500,000
$150,000
3.00%
2.00%
2.00%
1.50%
The Notes of this issue shall not be subject to call and payment prior to maturity.
Section 5. Form, Execution, Registration and Payment of the Notes. The Notes
shall be issued as registered obligations in substantially the form attached hereto as
Exhibit A and incorporated herein by this reference.
The Notes shall be executed in the name of the District by the manual signatures of
(i) the Chairperson or the Vice Chairperson and (ii) the Secretary, and may be sealed with
its official or corporate seal, if any.
The principal of, premium, if any, and interest on the Notes shall be paid by the
Fiscal Agent.
Both the principal of and interest on the Notes shall be payable in lawful money of
the United States of America by the Fiscal Agent. Payment of principal of the final maturity
on the Notes will be payable upon presentation and surrender of the Notes to the Fiscal
Agent. Payment of principal on the Notes (except the final maturity) and each installment
of interest shall be made to the registered owner of each Note who shall appear on the
registration books of the District, maintained by the Note Registrar, on the Record Date and
shall be paid by check or draft of the Fiscal Agent and mailed to such registered owner at
the address appearing on such registration books or at such other address may be
furnished in writing to such registered owner to the Note Registrar.
Section 6. Note Proceeds. The sale proceeds of the Notes (exclusive of accrued
interest, printing distribution and filing fees, and any premium received) shall, forthwith
upon receipt, be placed in and kept by the District Treasurer as a separate fund to be
known as the Promissory Notes, Series 2013-14K, Borrowed Money Fund (hereinafter
referred to as the “Borrowed Money Fund”). Moneys in the Borrowed Money Fund shall be
used solely for the purposes for which borrowed or for transfer to the Debt Service Fund as
provided by law.
Section 7. Tax Levy. In order to provide for the collection of a direct annual tax
sufficient in amount to pay and for the express purpose of paying the interest on the Notes
as it falls due and also to pay and discharge the principal thereof at maturity, there is
hereby levied upon all of the taxable property in the District, in addition to all other taxes, a
nonrepealable, direct, annual tax in an amount sufficient for that purpose. This tax shall be
from year to year carried into the tax roll of the District and collected in addition to all other
taxes and in the same manner and at the same time. Said tax is to be for the following
years and in the following minimum amounts:
Year of Levy
2013
2014
2015
2016
2017
Amount of Tax
$17,830.56
$377,500.00
$517,250.00
$507,250.00
$151,125.00
The District shall be and continue without power to repeal such levy or obstruct the
collection of said tax until all such payments have been made or provided for. After the
issuance of the Notes, said tax shall be carried into the tax rolls of the District and collected
as other taxes are collected, provided that the amount of tax carried into said tax rolls with
respect to the Notes may be reduced by the amount of any surplus money in the Debt
Service Fund created pursuant to Section 8 below.
If there shall be insufficient funds from the tax levy to pay the principal of or interest
on the Notes when due, the said principal or interest shall be paid from other funds of the
District on hand, said amounts to be returned when said taxes have been collected.
There be and there hereby is appropriated from taxes levied by the District in
anticipation of the issuance of the Notes and other funds of the District on hand a sum
sufficient to be deposited in the Debt Service Fund to meet payments with respect to debt
service due for the year 2014.
Section 8. Debt Service Fund. Within the debt service fund previously established
within the treasury of the District, there be and there hereby is established a separate and
4
distinct fund designated as the “Debt Service Fund for $1,500,000.00 General Obligation
Promissory Notes, Series 2013-14K, dated May 15, 2014” (the “Debt Service Fund”), and
such fund shall be maintained until the indebtedness evidenced by the Notes is fully paid or
otherwise extinguished. The District Treasurer shall deposit in such Debt Service Fund (i)
all accrued interest received by the District at the time of delivery of and payment for the
Notes; (ii) the taxes herein levied for the specific purpose of meeting principal of and
interest on the Notes when due; (iii) such other sums as may be necessary at any time to
pay principal of and interest on the Notes when due; (iv) any premium which may be
received by the District above the par value of the Notes and accrued interest thereon; (v)
surplus moneys in the Borrowed Money Fund for the Notes; and (vi) such further deposits
as may be required by Section 67.11 of the Wisconsin Statutes.
No money shall be withdrawn from the Debt Service Fund and appropriated for any
purpose other than the payment of principal of and interest on the Notes until all such
principal and interest has been paid in full and canceled; provided (i) the funds to provide
for each payment of principal of and interest on the Notes prior to the scheduled receipt of
taxes from the next succeeding tax collection may be invested in direct obligations of the
United States of America maturing in time to make such payments when they are due or in
other investments permitted by law; and (ii) any funds over and above the amount of such
principal and interest payments on the Notes may be used to reduce the next succeeding
tax levy, or may, at the option of the District, be invested by purchasing the Notes as
permitted by and subject to Section 67.11(2)(a) of the Wisconsin Statutes in interestbearing obligations of the United States of America, in other obligations of the District or in
other investments permitted by law, which investments shall continue as a part of the Debt
Service Fund.
When all of the Notes have been paid in full and canceled, and all permitted
investments disposed of, any money remaining in the Debt Service Fund shall be
deposited in the general fund of the District, unless the District Board directs otherwise.
Section 9. Deposits and Investments. The Debt Service Fund shall be kept apart
from moneys in the other funds and accounts of the District and the same shall be used for
no purpose other than the prompt payment of principal of and interest on the Notes as the
same becomes due and payable. All moneys therein shall be deposited in special and
segregated accounts in a public depository selected under Chapter 34 of the Wisconsin
Statutes and may be temporarily invested until needed in legal investments subject to the
provisions of Sections 66.0603(1m) and 67.10(3) of the Wisconsin Statutes. All income
derived from such investments shall be regarded as revenues of the District. No such
investment shall be in such a manner as would cause the Notes to be “arbitrage bonds”
within the meaning of Section 148 of the Code or the Regulations of the Commissioner of
Internal Revenue thereunder.
The District Treasurer shall, on the basis of the facts, estimates and circumstances
in existence on the date of closing, make such certifications as are necessary to permit the
conclusion that the Notes are not “arbitrage bonds” under Section 148 of the Code or the
Regulations of the Commissioner of Internal Revenue thereunder.
5
Section 10. Sale of Notes. The terms, conditions and provisions of the Notes and
the Note Documents are, in all respects, authorized and approved. The form of the Note
Purchase Agreement is hereby approved. The Notes shall be sold and delivered in the
manner, at the Purchase Price, plus interest accrued from the Interest Accrual Date to the
closing date, pursuant to the terms and conditions set forth in the Note Purchase
Agreement.
The preparation of the Preliminary Official Statement and the Final Official
Statement dated April 22, 2014, and their use as contemplated in the Note Purchase
Agreement, are hereby approved. The Preliminary Official Statement is “deemed final” as
of its date, except for omissions or subsequent modifications permitted under Rule 15c2-12
of the Securities and Exchange Commission. The Chairperson, the Vice Chairperson and
Secretary of the District are authorized and directed to do any and all acts necessary to
conclude delivery of the Notes to the Underwriter, as soon after adoption of this Resolution
as is convenient.
Section 11. Book-Entry Only Notes. The Notes shall be transferable as follows:
(a)
Each maturity of Notes will be issued as a single Note in the name of the
Securities Depository, or its nominee, which will act as depository for the Notes. During the
term of the Notes, ownership and subsequent transfers of ownership will be reflected by
book entry on the records of the Securities Depository and those financial institutions for
whom the Securities Depository effects book entry transfers (collectively, the
“Participants”). No person for whom a Participant has an interest in Notes (a “Beneficial
Owner”) shall receive bond certificates representing their respective interest in the Notes
except in the event that the Securities Depository or the District shall determine, at its
option, to terminate the book-entry system described in this Section. Payment of principal
of, and interest on, the Notes will be made by the Fiscal Agent to the Securities Depository
which will in turn remit such payment of principal and interest to its Participants which will in
turn remit such principal and interest to the Beneficial Owners of the Notes until and unless
the Securities Depository or the District elect to terminate the book entry system,
whereupon the District shall deliver bond certificates to the Beneficial Owners of the Notes
or their nominees. Note certificates issued under this Section may not be transferred or
exchanged except as provided in this Section.
(b)
Upon the reduction of the principal amount of any maturity of Notes, the
Registered Noteowner may make a notation of such redemption on the panel of the Note,
stating the amount so redeemed, or may return the Note to the District for exchange for a
new Note in a proper principal amount. Such notation, if made by the Noteowner, may be
made for reference only, and may not be relied upon by any other person as being in any
way determinative of the principal amount of such Note Outstanding, unless the Note
Registrar initialed the notation on the panel.
(c)
Immediately upon delivery of the Notes to the purchasers thereof on the
delivery date, such purchasers shall deposit the bond certificates representing all of the
6
Notes with the Securities Depository. The Securities Depository, or its nominee, will be the
sole Noteowner of the Notes, and no investor or other party purchasing, selling or
otherwise transferring ownership of any Notes will receive, hold or deliver any bond
certificates as long as the Securities Depository holds the Notes immobilized from
circulation.
(d)
The Notes may not be transferred or exchanged except:
(1)
To any successor of the Securities Depository (or its nominee) or any
substitute depository (“Substitute Depository”) designated pursuant to (ii) below,
provided that any successor of the Securities Depository or any Substitute
Depository must be a qualified and registered “clearing agency” as provided in
Section 17A of the Securities Exchange Act of 1934, as amended;
(2)
To a Substitute Depository designated by or acceptable to the District
upon (a) the determination by the Securities Depository that the Notes shall no
longer be eligible for depository services or (b) a determination by the District that
the Securities Depository is no longer able to carry out its functions, provided that
any such Substitute Depository must be qualified to act as such, as provided in
subparagraph (1) above; or
(3)
To those persons to whom transfer is requested in written transfer
instructions in the event that:
(i)
The Securities Depository shall resign or discontinue its
services for the Notes and, only if the District is unable to locate a qualified
successor within two months following the resignation or determination of
noneligibility, or
(ii)
Upon a determination by the District that the continuation of the
book entry system described herein, which precludes the issuance of
certificates to any Noteowner other than the Securities Depository (or its
nominee) is no longer in the best interest of the Beneficial Owners of the
Notes.
(e)
The Depository Trust Company, New York, New York, is hereby appointed
the Securities Depository for the Notes.
Section 12. Undertaking to Provide Continuing Disclosure. The (i) Chairperson or
the Vice Chairperson and (ii) Secretary of the District are hereby authorized and directed to
execute on behalf of the District, the Continuing Disclosure Agreement in connection with
the Notes for the purpose of complying with the requirements of Rule 15c2-12 promulgated
by the Securities and Exchange Commission under the Securities Exchange Act of 1934,
as amended.
7
Section 13. Compliance with Federal Tax Laws.
(a)
The District represents and covenants that the project financed by the Notes
and their ownership, management and use will not cause the Notes to be “private activity
bonds” within the meaning of Section 141 of the Code, and the District shall comply with
the provisions of the Code to the extent necessary to maintain the tax-exempt status of the
interest on the Notes.
(b)
The District also covenants to use its best efforts to meet the requirements
and restrictions of any different or additional federal legislation which may be made
applicable to the Notes, provided that in meeting such requirements the District will do so
only to the extent consistent with the proceedings authorizing the Notes and the laws of
Wisconsin, and to the extent there is a reasonable period of time in which to comply.
Section 14. Rebate Fund. If necessary, the District shall establish and maintain, so
long as the Notes are outstanding, a separate account to be known as the “Rebate Fund”
for the purpose of complying with the rebate requirements of Section 148(f) of the Code.
The Rebate Fund is for the sole purpose of paying rebate to the United States of America,
if any, on amounts of bond proceeds held by the District. The District hereby covenants
and agrees that it shall pay from the Rebate Fund the rebate amounts as determined
herein to the United States of America.
The District may engage the services of accountants, attorneys, or other consultants
necessary to assist it in determining rebate amounts. Amounts held in the Rebate Fund
and the investment income therefrom are not pledged as security for the Notes and may
only be used to pay amounts to the United States. The District shall maintain or cause to
be maintained records of such determinations until six (6) years after payment in full of the
Notes and shall make such records available upon reasonable request therefor.
Section 15. Defeasance. When all Notes have been discharged, all pledges,
covenants and other rights granted to the owners thereof by this Resolution shall cease.
The District may discharge all Notes due on any date by irrevocably depositing in escrow
with a suitable bank or trust company a sum of cash and/or bonds or securities issued or
guaranteed as to principal and interest of the U.S. Government, or of a commission, board
or other instrumentality of the U.S. Government (“Government Obligations”), or of
securities wholly and irrevocably secured as to principal and interest by Government
Obligations and rated in the highest rating category of a nationally recognized rating
service, maturing on the dates and bearing interest at the rates required to provide funds
sufficient to pay when due the interest to accrue on each of said Note to its maturity or, at
the District's option, if said Note is prepayable to any prior date upon which it may be called
for redemption, and to pay and redeem the principal amount of each such Note at maturity,
or at the District's option, if said Note is prepayable, at its earliest redemption date, with the
premium required for such redemption, if any, provided that notice of the redemption of all
prepayable Notes on such date has been duly given or provided for.
8
Section 16. Resolution a Contract. The provisions of this Resolution shall
constitute a contract between the District and the owner or owners of the Notes, and after
issuance of any of the Notes no change or alteration of any kind in the provisions of this
Resolution may be made, except as provided in Section 18, until all of the Notes have been
paid in full as to both principal and interest. The owner or owners of any of the Notes shall
have the right in addition to all other rights, by mandamus or other suit or action in any
court of competent jurisdiction, to enforce such owner's or owners' rights against the
District, the Governing Body thereof, and any and all officers and agents thereof including,
but without limitation, the right to require the District, its Governing Body and any other
authorized body, to fix and collect rates and charges fully adequate to carry out all of the
provisions and agreements contained in this Resolution.
Section 17. General Authorizations. The Chairperson, the Vice Chairperson and
the Secretary of the District and the appropriate deputies and officials of the District in
accordance with their assigned responsibilities are hereby each authorized to execute,
deliver, publish, file and record such other documents, instruments, notices and records
and to take such other actions as shall be necessary or desirable to accomplish the
purposes of this Resolution and to comply with and perform the obligations of the District
under the Notes. The execution or written approval of any document by the Chairperson,
the Vice Chairperson or Secretary of the District herein authorized shall be conclusive
evidence of the approval by the District of such document in accordance with the terms
hereof.
In the event that said officers shall be unable by reason of death, disability, absence
or vacancy of office to perform in timely fashion any of the duties specified herein (such as
the execution of Notes), such duties shall be performed by the officer or official succeeding
to such duties in accordance with law and the rules of the District.
Any actions taken by the Chairperson, the Vice Chairperson and Secretary
consistent with this Resolution are hereby ratified and confirmed.
Section 18. Amendment to Resolution. After the issuance of any of the Notes, no
change or alteration of any kind in the provisions of this Resolution may be made until all of
the Notes have been paid in full as to both principal and interest, or discharged as herein
provided, except: (a) the District may, from to time, amend this Resolution without the
consent of any of the owners of the Notes, but only to cure any ambiguity, administrative
conflict, formal defect, or omission or procedural inconsistency of this Resolution; and (b)
this Resolution may be amended, in any respect, with a written consent of the owners of
not less than two-thirds (2/3) of the principal amount of the Notes then outstanding;
provided, however, that no amendment shall permit any change in the pledge of tax
revenues of the District or the maturity of any Note issued hereunder, or a reduction in the
rate of interest on any Note, or in the amount of the principal obligation thereof, or in the
amount of the redemption premium payable in the case of redemption thereof, or change
the terms upon which the Notes may be redeemed or make any other modification in the
terms of the payment of such principal or interest without the written consent of the owner
of each such Note to which the change is applicable.
9
Section 19. Illegal or Invalid Provisions. In case any one or more of the provisions
of this Resolution or any of the Notes shall for any reason be held to be illegal or invalid,
such illegality or invalidity shall not affect any other provision of this Resolution or of the
Notes.
Section 20. Conflicting Resolutions. All ordinances, resolutions, or orders, or parts
thereof heretofore enacted, adopted or entered, in conflict with the provisions of this
Resolution, are hereby repealed and this Resolution shall be in effect from and after its
passage.
[SIGNATURE PAGE TO FOLLOW]
10
Adopted: April 22, 2014.
Bobbie Webber
Chairperson of the District
Attest:
Lauren Baker
Secretary of the District
Recorded on April 22, 2014.
Lauren Baker
Secretary of the District
[Signature Page of Sale Resolution]
$1,500,000.00 Milwaukee Area Technical College District, Wisconsin
General Obligation Promissory Notes, Series 2013-14K
EXHIBIT A
UNITED STATES OF AMERICA
STATE OF WISCONSIN
MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT
GENERAL OBLIGATION PROMISSORY NOTE, SERIES 2013-14K
Number
Interest
Rate
Maturity Date
Dated Date
Principal
Amount
R-___
____%
June 1, 20__
_______, 2014
$_____
CUSIP
FOR VALUE RECEIVED, Milwaukee Area Technical College District, Wisconsin,
promises to pay to CEDE & CO., or registered assigns, the principal sum of
___________________ ($_________) on the maturity date specified above, together with
interest thereon from May 15, 2014 or the most recent payment date to which interest has
been paid, unless the date of registration of this Note is after the 15th day of the calendar
month immediately preceding an interest payment date, in which case interest will be paid
from such interest payment date, at the rate per annum specified above, such interest
being payable on June 1 and December 1 of each year, with the first interest on this issue
being payable on December 1, 2014.
The Notes of this issue shall not be subject to call and payment prior to maturity.
Both principal hereof and interest hereon are hereby made payable to the registered
owner in lawful money of the United States of America, and for the prompt payment of this
Note with interest thereon as aforesaid, and the levying and collection of taxes sufficient for
that purpose, the full faith, credit and resources of the District are hereby irrevocably
pledged. The principal of this Note shall be payable only upon presentation and surrender
of this Note to the District Treasurer at the principal office of the District. Interest hereon
shall be payable by check or draft dated as of the applicable interest payment date and
mailed from the office of the District Treasurer to the person in whose name this Note is
registered at the close of business on the fifteenth day of the calendar month next
preceding each interest payment date.
This Note is transferable only upon the books of the District kept for that purpose by
the District Secretary at the principal office of the District, by the registered owner in person
or his duly authorized attorney, upon surrender of this Note together with a written
instrument of transfer (which may be endorsed hereon) satisfactory to the District Secretary
duly executed by the registered owner or his duly authorized attorney. Thereupon a new
Note or Notes of the same aggregate principal amount, series and maturity shall be issued
A-1
to the transferee in exchange therefor. The District may deem and treat the person in
whose name this Note is registered as the absolute owner hereof for the purpose of
receiving payment of or on account of the principal or interest hereof and for all other
purposes. The Notes are issuable solely as negotiable, fully registered Notes without
coupons in authorized denominations of $5,000 or any whole multiple thereof.
This Note is one of an issue aggregating $1,500,000.00 issued pursuant to the
provisions of Section 67.12(12) of the Wisconsin Statutes, for the public purpose of
financing $1,500,000.00 building remodeling and improvement projects, consisting of
projects included in the District's 2013-2014 building remodeling and improvement program
(the public purpose projects described above are hereafter referred to as the “Public
Purposes”) and is authorized by a resolution of the District Board of the District, duly
adopted by said District Board at its meeting duly convened on April 22, 2014, which
resolution is recorded in the official book of its minutes for said date.
It is hereby certified and recited that all conditions, things and acts required by law
to exist or to be done prior to and in connection with the issuance of this Note have been
done, have existed and have been performed in due form and time; that the aggregate
indebtedness of the District, including this Note and others authorized simultaneously
herewith, does not exceed any limitations imposed by law or the Constitution of the State of
Wisconsin; and that the District has levied a direct, annual irrepealable tax sufficient to pay
this Note, together with interest thereon when and as payable.
No delay or omission on the part of the owner hereof to exercise any right
hereunder shall impair such right or be considered as a waiver thereof or as a waiver of or
acquiescence in any default hereunder.
A-2
IN WITNESS WHEREOF, the District Board of Milwaukee Area Technical College
District, Wisconsin, has caused this Note to be signed on behalf of said District by its duly
qualified and acting Chairperson and Secretary, and its corporate seal to be impressed
hereon, all as of the date of original issue specified above.
MILWAUKEE AREA TECHNICAL
COLLEGE DISTRICT, WISCONSIN
By:
Bobbie Webber
Chairperson of the District
Attest:
Lauren Baker
Secretary of the District
A-3
(Form of Assignment)
FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers unto
(Please print or typewrite name and address,
including zip code, of Assignee)
(Please print or typewrite Social Security or
other identifying number of Assignee)
the within Note and all rights thereunder, hereby irrevocably constituting and appointing
(Please print or type name of Attorney)
Attorney to transfer said Note on the books kept for the registration thereof with full power of
substitution in the premises.
Dated:
NOTICE: The signature to this assignment must
correspond with the name as it appears upon the
face of the within Note in every particular without
alteration or enlargement or any change whatever.
Signature(s) guaranteed by:
A-4
Milwaukee Area Technical College District
Final Pricing Summary
April 22, 2014
John A. Mehan, Managing Director
jmehan@rwbaird.com
777 East Wisconsin Avenue
Milwaukee, WI 53202
Phone 414.765.3827
rwbaird.com/publicfinance
Page 1
Milwaukee Area Technical College District
Results of Competitive Bids
$1,500,000 General Obligation Promissory Notes, Series 2013-14K
Bids Received by 9:30 AM (CT)
Tuesday, April 22, 2014
Rank
1
2
Bidder
Hutchinson, Shockey, Erley & Co.
Bernardi Securities, Inc.
True
Interest
Cost
0.8723%
1.0670%
Page 2
Milwaukee Area Technical College District
Issue Summary
Description:
Amount:
Dated & Settlement Date:
Maturities:
First Interest Payment:
First Call Date:
Moody's Rating:
True Interest Cost:
Winning Bidder/Purchaser:
General Obligation Promissory
Notes, Series 2013-14K
$1,500,000
May 15, 2014
June 1, 2015 - 2018
December 1, 2014
Noncallable
Aa2
0.8723%
Hutchinson, Shockey, Erley & Co.
Page 3
Milwaukee Area Technical College District
Debt Service
Page 4
Milwaukee Area Technical College District
2013-14 Financing Plan -- Calendar Year Basis
EQUIPMENT & REMODELING BORROWINGS / REFINANCING OF SERIES 2005-06G
CALENDAR
YEAR
NET
EXISTING
DEBT
PAYMENTS
incl. 2012 OPEB &
Net of 2005-06G
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
FINAL
FINAL
FINAL
$1,500,000
SERIES
2013-14A
Dated 7/15/13
$1,500,000
SERIES
2013-14B
Dated 8/8/13
$19,500,000
SERIES
2013-14C
Dated 9/16/13
FINAL
FINAL
Noncallable
Noncallable
Noncallable
Noncallable
Noncallable
Average:
2.18%
Average:
2.00%
Average:
2.00%
Average:
2.00%
Average:
2.00%
FINAL
FINAL
(a)
FINAL
FINAL
FINAL
FINAL
PRELIMINARY
$1,500,000
SERIES
2013-14G
Dated 1/15/14
$1,500,000
SERIES
2013-14H
Dated 2/19/14
$1,500,000
SERIES
2013-14I
Dated 3/13/14
$2,675,000
SERIES
2013-14J
Dated 4/15/14
$1,500,000
SERIES
2013-14K
Dated 5/15/14
$1,500,000
SERIES
2013-14L
Dated 6/12/14
Noncallable
Noncallable
Noncallable
Noncallable
Noncallable
Noncallable
Noncallable
Average:
1.88%
Average:
1.64%
Average:
1.58%
Average:
1.50%
Average:
2.00%
Average:
2.02%
Average:
4.00%
$1,500,000
$1,500,000
$1,500,000
SERIES
SERIES
SERIES
2013-14D
2013-14E
2013-14F
Dated 10/15/13 Dated 11/14/13 Dated 12/12/13
$38,761,327
$33,421,953
$26,612,394
$16,521,306
$6,068,875
$642,669
$653,556
$663,994
$673,981
$683,163
$695,963
$702,313
$712,260
$720,665
$727,453
$737,464
$740,620
$747,005
$756,538
$759,155
$12,089
$32,000
$378,500
$520,000
$509,375
$151,875
$9,417
$30,000
$376,500
$518,000
$508,000
$151,500
$81,250
$5,439,000
$3,639,150
$3,710,050
$3,783,100
$3,858,200
$3,833
$30,000
$376,500
$518,000
$508,000
$151,500
$31,417
$376,500
$518,000
$508,000
$151,500
$25,690
$374,750
$518,000
$508,000
$151,500
$21,944
$371,500
$514,250
$506,750
$151,500
$18,213
$370,625
$514,250
$506,750
$151,500
$16,125
$369,875
$513,500
$506,000
$151,125
$33,586
$974,200
$1,118,950
$508,000
$151,500
$17,831
$377,500
$517,250
$507,250
$151,125
$28,167
$403,000
$536,000
$516,000
$153,000
$132,002,651
$1,603,839
$1,593,417
$20,510,750
$1,587,833
$1,585,417
$1,577,940
$1,565,944
$1,561,338
$1,556,625
$2,786,236
$1,570,956
$1,636,167
FUTURE
DEBT
PAYMENTS
Actual 2012 Levy:
$42,357,783
Actual 2013 Levy:
$40,004,901
NET
COMBINED
DEBT
PAYMENTS
(b)
TOTAL
DEBT
MILL
RATE
(c)
$0
$237,667
$5,100,967
$13,727,967
$25,010,467
$34,432,567
$39,955,867
$39,955,867
$39,955,867
$39,955,867
$39,955,867
$39,955,867
$39,955,867
$39,955,867
$39,955,867
$39,955,867
$39,955,867
$39,955,867
$39,955,867
$39,955,867
$38,867,916
$39,383,592
$40,101,960
$40,265,523
$40,454,567
$40,601,060
$40,609,423
$40,619,860
$40,629,848
$40,639,029
$40,651,829
$40,658,179
$40,668,127
$40,676,532
$40,683,319
$40,693,330
$40,696,487
$40,702,872
$40,712,404
$40,715,022
$637,891,767
$809,030,879
$0.61821
$0.59267
$0.59411
$0.59653
$0.59933
$0.60150
$0.60163
$0.60178
$0.60193
$0.60207
$0.60226
$0.60235
$0.60250
$0.60262
$0.60272
$0.60287
$0.60292
$0.60301
$0.60315
$0.60319
1587833.333
(a) Includes $1,175,000 refinancing of the District's Series 2005-06G note issue.
(b) Future borrowing assumptions:
Equipment Borrowing of $18,000,000 per year.
Remodeling Borrowings of $18,000,000 per year.
(c) Mill rate based on 2013 Equalized Valuation (TID OUT) of $67,499,263,273 with no annual growth.
Page 5
New Issue: Moody's assigns Aa2 to Milwaukee Area Technical College District,
WI's $1.5M GO Prom. Notes, Ser. 2013-14K; outlook stable
Global Credit Research - 17 Apr 2014
District has $123M of GOULT debt inlcuding current offering
MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT, WI
Community College Districts (Tax-backed)
WI
Moody's Rating
ISSUE
General Obligation Promissory Notes, Series 2013-14K
Sale Amount
$1,500,000
Expected Sale Date
04/22/14
Rating Description
General Obligation
RATING
Aa2
Moody's Outlook STA
Opinion
NEW YORK, April 17, 2014 --Moody's Investors Service has assigned a Aa2 rating to Milwaukee Area Technical
College District, WI's $1.5 million General Obligation Promissory Notes, Series 2013-14K. Moody's maintains the
Aa2 rating on the district outstanding general obligation debt. Post-sale, the district will have $122.9 million of
outstanding general obligation debt. The district's outlook is stable.
Debt service on the 2013-14K notes is secured by the district's general obligation unlimited tax pledge. Proceeds
of the notes will finance building remodeling and improvement projects.
SUMMARY RATINGS RATIONALE
The Aa2 rating reflects the district's large and diverse tax base encompassing the greater Milwaukee (GO rated
Aa3/stable) region; multi-year tax base declines; operating reserves that have declined in recent years but are
expected to remain adequate following additional planned draw downs; a low debt burden and manageable
unfunded pension liability; and a sizeable unfunded liability related to the district's other post-employment benefit
(OPEB).
The stable outlook reflects our expectation that district management will continue to maintain sound financial
operations through proactive management of expenditures, which is critical given the district's limited revenue
raising flexibility and trend of enrollment declines. The outlook also reflects the district's sizeable and diverse tax
base.
STRENGTHS
- Large and diversifying tax base with favorable location within regional Milwaukee economy
- Manageable debt burden and unfunded pension liability
CHALLENGES
- Multi-year tax base declines
- Recent and planned draw downs of General Fund reserves
Page 6
- Limited revenue raising power due to state authority over tuition setting and strict levy limits
- Declining enrollment, in excess of budgeted levels
- Sizeable unfunded OPEB liability
DETAILED CREDIT DISCUSSION
LARGE AND DIVERSE TAX BASE COVERS METROPOLITAN MILWAUKEE; GREATER THAN BUDGETED
ENROLLMENT DECLINES
The district's economy is expected to remain relatively stable, despite recent valuation declines, due to the
diversity among the manufacturing, governmental, and healthcare sectors within the district's boundaries. The
district, which is one of the largest in Wisconsin's (Aa2/stable outlook) technical college system, provides
vocational education to residents of Milwaukee County (Aa2/stable outlook), the majority of Ozaukee County
(Aaa) and small portions of several other surrounding suburban counties. The City of Milwaukee comprises nearly
40% of the district's equalized valuation and 56% of the district's population, and is Wisconsin's most populous
urban center and economic hub.
While the district's very large $70.2 billion tax base experienced solid rates of growth through 2007, it has since
declined by an average of 3.2% annually. The regional economy exhibits some manufacturing concentration as the
sector represents approximately 15% of area employment, above the 9% national average; however, employment
continues to diversify with a strong presence in health care, finance, and government. At 7.7% in January 2014,
the unemployment rate in Milwaukee County was higher than the state (6.7%) and national rates (7.0%) for the
same time period.
Enrollment, which directly impacts tuition and program fees, grew by 7% in fiscal 2009 and 9% in fiscal 2010, due
to increased demand for education during the economic downturn. In fiscal 2011, this trend reversed and
enrollment has since declined annually. Declines in fiscals 2011 through 2013 brought enrollment to approximately
13,200 full time equivalent (FTE) students. The declines in fiscals 2012 and 2013 were greater than what
management had anticipated. Going forward, management estimates fiscal 2014 enrollment will decline to
approximately 12,600, below the 13,000 FTE budgeted figure. For fiscal 2015 the district plans to budget for flat
enrollment, inclusive of an expected 300 FTE increase due to the expansion of its health services program.
Enrollment is directly linked to multiple major revenue sources of Wisconsin technical colleges and continued
declines may pressure the district's budget.
FINANCIAL OPERATIONS CHALLENGED BY REVENUE DECLINES WITHOUT OFFSETTING
EXPENDITURE CUTS; RESERVES TO DECLINE BUT REMAIN ADEQUATE
While draws on reserves in fiscals 2012 and 2013 and an additional sizeable draw projected for fiscal 2014 will
narrow the district's reserves, the district's financial profile should remain adequate due to the implementation of
sizeable reductions in personnel costs for fiscal 2015 to promote operational balance. Recent draws on reserves
have been driven by enrollment declines, state aid cuts and drops in property tax revenues for general operations.
Over the last three years, total General Fund revenues have declined by 10.2% while expenditures have declined
just 3.3%. While technical colleges tend to have strong flexibility to adjust staffing and program costs in light of
enrollment declines, notably this district's instructional expenditures have declined just 1.4% over the last three
years, a period in which enrollment has dropped by 10%.
For fiscal 2013, management budgeted for an $11 million use of fund balance, but realized a smaller but still
significant $6.0 million use of fund balance. This operating deficit brought General Fund balance to $34.4 million, or
a still satisfactory 19.7% of revenues. For fiscal 2014, the district budgeted for a $13.8 million draw on fund
balance, though year-to-date estimates indicate that a more modest $9.6 million draw on reserves will occur.
Starting this March, unionized teachers began to contribute 50% of the total Wisconsin Retirement System (WRS)
required contribution. The district's savings from this change, plus savings from replacement of retirees with more
junior staff are driving the more favorable results. Such a draw would reduce the General Fund balance to
approximately 14% of 2014 budgeted revenues. While district reserves currently remain adequate, they are
narrow relative to the district's state and national peers at comparable rating levels.
The district's fiscal 2015 budget has not yet been finalized but includes an operating deficit of less than $4 million.
Management notes a commitment to maintaining reserves at a minimum of 10% of revenues, in compliance with
the district's official reserve policy. Looking forward, management does not anticipate additional draws on reserves
beyond fiscal 2015 and expects expenditure adjustments to eliminate any structural imbalance in the district's
Page 7
financial operations.
The district's General Fund unrestricted cash was $39.8 million, or an adequate 22.7% of revenues, at the end of
fiscal 2013. The General Fund holds cash on behalf of the district's enterprise funds, consisting of the Television
Operations, Food Services, Bookstores, and Childcare Funds. Net of the $12.8 million due to these funds at the
end of fiscal 2013, the district's cash available for general operations was $27.0 million, or a somewhat narrow
15.4% of revenues.
The General Fund's three primary revenue sources are property taxes, tuition, and state aid, which comprise
approximately 60%, 25%, and 10% of General Fund revenues, respectively. All of these revenue streams are
constrained by state statute, with the state dictating tuition rates, aid distributions, and setting levy limits.
Historically, Wisconsin technical colleges were authorized to levy up to a maximum of 1.5 mills and the district
levied the maximum millage in fiscals 2008 through 2013. As of fiscal 2014, the operating millage cap no longer
applies, and the district's operating levy can be raised to capture net new construction only.
MODEST DIRECT DEBT BURDEN; LARGE UNFUNDED OPEB LIABILITY
The district's future borrowing needs are expected to remain manageable given aggressive principal retirement
and the district's sizeable tax base. The district's 4.9% overall debt burden is above average and reflects
significant borrowing of overlapping governmental entities, namely the Milwaukee Metropolitan Sewer District
(Aa1/stable) and Milwaukee County. The district's direct debt burden is a more modest 0.2% of full value. Principal
is amortized at a rapid 94% in ten years and the district's future borrowing needs are not expected to increase the
debt burden substantially. For fiscal 2014, management anticipates issuing an additional $1.5 million of debt and
estimates $36 million of borrowing for fiscal 2015. All of the district's debt is fixed rate and the district is not party to
any interest rate swap agreements.
The district has a manageable defined-benefit pension burden, based on unfunded liabilities for its share of two
cost sharing plans, the Wisconsin Retirement System and the Employees Retirement System. The district's
aggregate pension contributions in calendar year 2012 totaled $14.3 million, which represented both the district's
and employees' shares of required pension contributions. That figure represents a manageable 6.7% of operating
revenues, inclusive of the General Fund and Debt Service Fund. The district has historically made its required
contributions to the WRS. The three year average of Moody's adjusted net pension liability (ANPL) for the district,
under our methodology for adjusting reported pension data, was 0.12% of full value and 0.41 times operating
revenues, both of which are below average among Moody's rated local governments. Moody's ANPL reflects
certain adjustments we make to improve comparability of reported pension liabilities. The adjustments are not
intended replace the district's reported contribution information, but to improve comparability with other rated
entities. We determined the district's share of liability for WRS in proportion to its contributions to the plan and
covered payroll.
The district offers a generous OPEB plan to qualifying retirees, including offering health insurance those who
would otherwise qualify for Medicare. The district has funded an OPEB Trust since 2008 and it contains $21.1
million to date; however, its unfunded OPEB liability remains substantial. As of June 30, 2013, the benefit had a
sizeable unfunded actuarially accrued liability (UAAL) of $251.3 million. Officials note that changes to the OPEB
plan are possible in the mid-term.
OUTLOOK
The stable outlook reflects our expectation that district management will continue to maintain sound financial
operations through proactive management of expenditures, which is critical given the district's limited revenue
raising flexibility and trend of enrollment declines. The outlook also reflects the district's sizeable and diversifying
tax base.
WHAT COULD CHANGE THE RATING UP
- Significantly improved regional population and employment trends and socioeconomic indicators, such as
resident income levels
- Sustained trend of tax base growth
- Audited results showing stabilization of operations
WHAT COULD CHANGE THE RATING DOWN
Page 8
- Weakened socioeconomic indicators
- Declining enrollment trends that would further limit revenue growth
- Deterioration of reserves beyond levels currently contemplated
KEY STATISTICS:
2013 full valuation: $70.2 billion
2013 Estimated full value per capita: $66,191
2006-2010 Milwaukee County median family income (as % of US): 86.6%
Fiscal 2013 available operating fund balance: 16.1% of revenues
Five year change in available operating fund balance: 3.3% of revenues
Fiscal 2013 unrestricted operating cash: 18.7% of revenues
Five year change in unrestricted operating cash: -5.9% of revenues
Institutional framework: Aa
Five year operating history: 1.0 times
Net direct debt: 0.2% of full value; 0.58 times operating revenues
Three year average of Moody's ANPL: 0.12% of full value; 0.41 times operating revenues
PRINCIPAL METHODOLOGY USED
The principal methodology used in this rating was US Local Government General Obligation Debt published in
January 2014. Please see the Credit Policy page on www.moodys.com for a copy of this methodology.
REGULATORY DISCLOSURES
For ratings issued on a program, series or category/class of debt, this announcement provides certain regulatory
disclosures in relation to each rating of a subsequently issued bond or note of the same series or category/class
of debt or pursuant to a program for which the ratings are derived exclusively from existing ratings in accordance
with Moody's rating practices. For ratings issued on a support provider, this announcement provides certain
regulatory disclosures in relation to the rating action on the support provider and in relation to each particular rating
action for securities that derive their credit ratings from the support provider's credit rating. For provisional ratings,
this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in
relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where
the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner
that would have affected the rating. For further information please see the ratings tab on the issuer/entity page for
the respective issuer on www.moodys.com.
Regulatory disclosures contained in this press release apply to the credit rating and, if applicable, the related rating
outlook or rating review.
Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal
entity that has issued the rating.
Please see the ratings tab on the issuer/entity page on www.moodys.com for additional regulatory disclosures for
each credit rating.
Analysts
Kathryn Gregory
Lead Analyst
Public Finance Group
Moody's Investors Service
Page 9
Hetty Chang
Additional Contact
Public Finance Group
Moody's Investors Service
Contacts
Journalists: (212) 553-0376
Research Clients: (212) 553-1653
Moody's Investors Service, Inc.
250 Greenwich Street
New York, NY 10007
USA
© 2014 Moody's Corporation, Moody's Investors Service, Inc., Moody's Analytics, Inc. and/or their licensors and
affiliates (collectively, "MOODY'S"). All rights reserved.
CREDIT RATINGS ISSUED BY MOODY'S INVESTORS SERVICE, INC. ("MIS") AND ITS AFFILIATES ARE
MOODY'S CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT
COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES, AND CREDIT RATINGS AND RESEARCH
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Attachment FPO - 7
RESOLUTION AUTHORIZING THE ISSUANCE OF $1,500,000.00
GENERAL OBLIGATION PROMISSORY NOTES, SERIES 2013-14L
OF MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT, WISCONSIN
Resolution F0030-04-14
WHEREAS, Milwaukee Area Technical College District (the "District") is presently
in need of $1,500,000.00 for the public purpose of financing building remodeling and
improvement projects, consisting of projects included in the District's 2013-2014 building
remodeling and improvement program; and
WHEREAS, it is in the best interest of the District that the monies needed for such
purpose be borrowed through the issuance of general obligation promissory notes
pursuant to Section 67.12(12), Wis. Stats.; now therefore be it
RESOLVED, that the District shall issue general obligation promissory notes in the
amount of $1,500,000.00 for the public purpose of financing building remodeling and
improvement projects, consisting of the projects included in the District's 2013-2014
building remodeling and improvement program; and be it
FURTHER RESOLVED, that the District Secretary shall, within 10 (ten) days
hereafter, cause public notice of the adoption of this resolution to be given to the electors
of the District by publishing a notice thereof in the Milwaukee Journal Sentinel, a
newspaper published and having general circulation in the District, which newspaper is
found and determined to be likely to give notice to the electors, such notice to be in
substantially the form set forth in Attachment A to this resolution.
Adopted: April 22, 2014.
Bobbie Webber, Chairperson
Attest:
________________________________
Lauren Baker, District Secretary
Recorded on April 22, 2014.
________________________________
Lauren Baker, District Secretary
Attachment A
NOTICE
TO THE ELECTORS OF:
Milwaukee Area Technical
College District, Wisconsin
NOTICE IS HEREBY GIVEN that the District Board of the above-named District, at
a meeting duly called and held on April 22, 2014, adopted, pursuant to the provisions of
Section 67.12(12) of the Wisconsin Statutes, a resolution entitled, "RESOLUTION
AUTHORIZING THE ISSUANCE OF $1,500,000.00 GENERAL OBLIGATION
PROMISSORY NOTES, SERIES 2013-14L, OF MILWAUKEE AREA TECHNICAL
COLLEGE DISTRICT, WISCONSIN," which provides that the sum of $1,500,000.00 be
borrowed through the issuance of the District's general obligation promissory notes for the
public purpose of financing building remodeling and improvement projects, consisting of
projects included in the District's 2013-2014 building remodeling and improvement
program.
A copy of said resolution is on file in the District Office, 700 West State Street,
Milwaukee, Wisconsin, and is available for public inspection weekdays, except holidays,
between the hours of 8:00 A.M. and 4:00 P.M.
The District Board need not submit the resolution authorizing this borrowing to the
electors for approval unless within 30 days after the publication of this Notice there is filed
with the Secretary of the District Board a petition meeting the standards set forth in Sec.
67.12(12), Wis. Stats., requesting a referendum thereon at a special election.
Dated: April 22, 2014.
BY ORDER OF THE DISTRICT BOARD:
Lauren Baker, District Secretary
Attachment FPO - 8
RESOLUTION TO APPROVE COLLEGE PARALLEL AND
POSTSECONDARY/VOCATIONAL ADULT TUITION
ACADEMIC YEAR 2014-2015
Resolution F0031-04-14
BACKGROUND
The Wisconsin Technical College System Board (WTCSB) is required, by statute, to annually set
uniform tuition rates for the subsequent academic year beginning with the summer session. For
college parallel (CP) courses, tuition must recover not less than 31% of operational costs. For
postsecondary/vocational adult (PS/VA) courses, tuition must recover not less than 14% of
operational costs. In addition, the statutes require that out-of-state students not covered by a
reciprocal agreement shall be charged a fee based on 100% of the total statewide operating costs.
For the purpose of calculating tuition charges, operational costs are costs funded by general
purpose revenue, property taxes, and tuition.
Data submitted by districts to the WTCSB, reflects proposed tuition charges for the 2014-15
academic year.
PER CREDIT CHARGES
2013-14
2014-15
College Parallel
Tuition (resident)
Out-of-State Tuition Addition
Total Out-of-State
$165.40
$ 82.70
$248.10
$170.35
$ 85.20
$255.55
Postsecondary/Vocational Adult
Tuition (resident)
Out-of-State Tuition Addition
Total Out-of-State
$122.20
$ 61.10
$183.30
$125.85
$ 62.95
$188.80
RESOLUTION
WHEREAS Wisconsin state statutes require WTCS district boards to charge students the
fees established by the WTCSB based on not less than 31% of the statewide average
operational costs for college parallel courses, not less than 14% of the combined estimated
operating costs of postsecondary and vocational adult courses, and a charge based on 100%
of the total statewide operating costs for out-of-state students not covered by a reciprocal
agreement and
WHEREAS the WTCSB has established tuition charges for the 2014-15 academic year;
therefore be it
RESOLVED, that for the 2014-15 academic year the college parallel resident tuition charge
be $170.35 per credit, the college parallel out-of-state tuition charge be $255.55 per credit,
postsecondary and vocational adult resident tuition charge be $125.85 per credit, and
postsecondary and vocational adult out-of-state tuition charge be $188.80 per credit.
1
Attachment FPO - 9
RESOLUTION TO APPROVE AVOCATIONAL FEES
ACADEMIC YEAR 2014-2015
Resolution F0032-04-14
BACKGROUND
State statue authorizes each technical college district board to establish fees for non-aidable,
avocational courses and seminars. Historically, the fees have been established on the
premise of recovering 100% of projected, direct instructional cost. For academic year 20142015, the administration recommends that the fees be targeted to recover 100% of costs.
This methodology is consistent with Policy B0301 – Contracts for Services.
Following the recommended approach, the avocational tuition rate for academic year 201415, which begins with the 2014 summer session (FY 2014-15), will be at $291.00 per credit.
Considering that avocational fees should recover at least 100% of costs and that future
faculty course assignments are unknown, it is recommended that rate be maintained. Also
attached for approval is the scheduled of Other Local Fees and Charges.
RESOLUTION
WHEREAS avocational fees should recover at least 100% of costs; therefore be it
RESOLVED, that avocational tuition be established at $291.00 per credit for academic
year 2014-15 courses; that avocational seminars be priced to recover at least 100% of
costs; that students age 62 and older receive a course tuition exemption of 50%; and
that student project fees be assessed as appropriate and Other Local Fees as attached.
MATC STUDENT TUITION, FEES AND CHARGES
ACADEMIC YEAR 2014-15
ACTUAL
FY14
College Parallel Tuition
Resident
Out-of-State
Postsecondary & Vocational Adult Tuition
Resident
Out-of-State
Avocational Tuition
Material Fee Base Rate
Academic Support Center
A per credit charge for students in Adult High
School or college level courses
Admissions Application
Paid one time by students who apply for admission to
a diploma or associate degree--uniform state rate
Advanced Placement
A per credit charge for students who request advanced
standing through credit by examination or credit
by work experiences
Academic Screening
Application for academic screening
Accuplacer Retesting Fee
Accuplacer Testing Fee for non-MATC WTCS students
External Student Test Proctoring
Pre-apprentice testing
Pre-apprentice testing retakes (per test)
GED/HSED Test (5 total)**
Civics Test (HSED)
Health Test (HSED)
Test Retakes (Writing)**
Test Retakes (Except Writing)**
Credential Fee (GED/HSED)**
Graduation
Graduation assessment per credit for College Parallel,
Associate Degree, Diploma or Adult HS.
Commencement fee for all Associate Degree, Diploma, or Adult
H.S. graduates.
Duplicate Diploma
Group Dynamics (.60 Credit)
Group Dynamics
For underage offenders (.35 Credit)
Motorcycle Rider Basic Rider Fees
Multiple Offenders (.95 Credit)
Online Course Fee
Per credit charge for students enrolled in an on-line course.
Out-of-State Education Fee
Per credit charge for non-residents enrolled in alternative
delivery courses.
Parking
Transportation Surcharge (U-PASS) per credit fee
Paid for academic year
Paid for Fall or Spring Term
Paid for Summer Term
Payment Plan (assessment)
Paid each semester by students who participate in an
installment plan for their tuition payments
Late Payment Charge
Returned Checks
PERCENT
CHANGE
PROPOSED
FY15
PERCENT
CHANGE
$
$
165.40
248.10
4.5% $
4.5% $
170.35
255.55
3.0%
3.0%
$
$
$
122.20
183.30
291.00
4.5% $
4.5% $
0.0% $
125.85
188.80
291.00
3.0%
3.0%
0.0%
$
4.00
0.0% $
4.50
12.5%
$
2.75
0.0% $
2.75
0.0%
$
30.00
0.0% $
30.00
0.0%
1/2
tuit
$
$
$
$
$
$
$
$
$
$
$
$
10.00
15.00
25.00
25.00
20.00
5.00
50.00
10.00
10.00
15.00
10.00
15.00
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
1/2
tuit
$
$
$
$
$
$
NA
$
$
NA
NA
NA
0.0%
10.00
15.00
25.00
25.00
20.00
5.00
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
10.00
10.00
0.0%
0.0%
$
0.50
0.0% $
0.50
0.0%
$
10.00
0.0% $
15.00
50.0%
$
$
30.00
165.00
0.0% $
3.1% $
30.00
170.00
0.0%
3.0%
$
$
$
95.00
569.26
260.00
0.0% $
4.5% $
2.0% $
95.00
586.03
270.00
0.0%
2.9%
3.8%
$
$
10.00
8.00
0.0% $
0.0% $
10.00
8.00
0.0%
0.0%
$
$
$
$
4.50
32.00
22.00
15.00
0.0%
0.0%
0.0%
0.0%
$
$
$
$
4.50
35.00
25.00
15.00
0.0%
9.4%
13.6%
0.0%
$
30.00
0.0% $
30.00
0.0%
$
$
30.00
40.00
0.0% $
0.0% $
30.00
40.00
0.0%
0.0%
$
$
7.00
6.71
$
0.0% $
7.00
6.71
0.0%
0.0%
$
6.75
0.0% $
7.00
3.7%
$
31.33
3.5% $
32.56
3.9%
$
$
$
$
$
$
$
8.00
15.00
8.00
30.00
155.00
80.00
10.00
8.00
15.00
8.00
150.00
155.00
80.00
10.00
0.0%
0.0%
0.0%
400.0%
0.0%
0.0%
0.0%
Student Accident Insurance
Paid once each semester. Required for students with 1 credit or
more. Effective Fall 2013 (FA14)
Student Activity Fee
Limited to 6.0%/PS Tuition
Student ID
Paid once each semester. Required for students with 1 credit
or more.
Available for students taking 1 credit or less.
Traffic Safety & Defensive Driving (Course Fee)
Transcripts
Mailed
On-Demand
GED Transcript & Child Care (first transcript free)
Transcript File for Attorneys
Military Enrollment Request
International Correspondence Fee
College of the Air Access Fee
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
$
$
$
$
$
$
$
*Fee varies by course based on state-wide average of materials consumed in the delivery of instruction
**These fees are now paid directly to person view.
Page 1
Attachment FPO – 10
RESOLUTION TO REVISE FISCAL YEAR 2013–2014
RENOVATION / REMODELING (CAPITAL) PROJECTS
Resolution F0033-04-14
BACKGROUND
Within the context of the Three-Year Plan, renovation and remodeling projects are identified and
implemented on an annual basis in order to properly maintain District facilities and to reflect
changing instructional and support service needs.
To comply with State regulations governing construction and remodeling, it is necessary for the
MATC Board to submit a list of applicable projects to the Wisconsin Technical College System
Board for approval. The initial approvals for Fiscal Year 2013-2014 (FY 2014) projects were
granted by the MATC District Board at the June, 2013 meeting.
Continued refinement of the original FY14 project selections indicate that a change to the original
project list should be requested at this time. In the previously approved list, Phase 3- #5 had a
budget allocation of $5,000, #12 had $10,000, #14 had $60,000 and #15 had $275,000.
Phase 4- #1 had a budget allocation of $1,200,000, #2 had $175,000 and #3 had $125,000.
Phase 8- item #2 had a budget allocation of $1,100,000.
Phase 10- #1 had a budget allocation of $50,000, #2 had $25,000, #3 had $50,000, #4 had
$125,000, #6 had $ 300,000 and #7 had $100,000.
Phase 11- #2 had a budget allocation of $150,000, and #8 had $325,000.
Phase 12- #1 had a budget allocation of $175,000, #2 had $625,000 and #6 had $125,000.
Advanced planning and administrative dialogue indicates that the amounts can be reduced or
reallocated and are now proposed to be distributed to 7 other projects / categories as shown on the
attached revised list.
The projects with reduced allocation are highlighted in light yellow. The seven new or revised
projects receiving allocations are highlighted in light green. To accomplish all of the above, the list of
projects is proposed to be modified as shown on the attached list.
Authorization is sought from the MATC Board at this time for the above modifications, as well as to
permit the continued development and implementation of the modified projects. Approval is also
sought to seek any WTCSB approval necessary for the same modifications.
RESOLUTION
BE IT RESOLVED, that the Milwaukee Area Technical College District Board revise the list of
previously approved FY 2014 projects as shown in the attached lists, which retains a total estimated
cost of $18.0 million for the respective budgets, with the understanding that the lists may be
modified; and be it;
RESOLVED further, that the Milwaukee Area Technical College District Board approve the
aforementioned revision and authorize the Administration to continue development and
implementation of the listed projects; and be it;
RESOLVED further, that the Milwaukee Area Technical College District Board seek any WTCSB
Board approval necessary for this action and revised list of projects.
Attachment FPO - 13
Quarterly 38.14 Report
Office of Workforce and Economic Development (OWED)
CONTRACTS
PENDING
Total Contract Revenue
Total Contract Cost
Margin
Percent of Cost Recovery
$
-
Contract Budget
$
330,181.00
$
306,651.69
$
23,529.31
107.67%
4/7/2014
CONTRACTS SIGNED
TOTAL
ACTUAL INVOICED
POTENTIAL
Quarter to Date** Year to Date** Contract to Date
$
115,342.00 $ 302,739.00 $
310,939.00 $ 330,181.00
$
164,306.27 $ 308,739.60 $
315,832.82
$
(48,964.27) $
(6,000.60) $
(4,893.82)
70.20%
98.06%
98.45%
**Cost have been included in prior quarters.
Contracts Pending
Projected
Cost Recovery
110.00%
GASB Cost
Recovery
195.89%
7,519.45
129.82%
230.89%
$
5,908.59
103.27%
71.63%
$
23,529.31
107.67%
104.68%
OCL
Budget Revenue
Budget Cost
$
111,115.00 $
101,013.73
Budget Margin
$
10,101.27
HIGH SCHOOL
$
32,732.00
$
25,212.55
$
WORKPLACE
EDUCATION/CUSTOMIZED
TRAINING
$
186,334.00
$
180,425.41
$
330,181.00
$
306,651.69
TOTAL $
GASB Cost Recovery - Accrual Method
*No Signed Contract
-