General obligation refunding bond issuance to save college an estimated $733,000
Approved the issuance of general obligation refunding bonds and the levying of a tax sufficient to pay the principal and interest. RLC previously issued 2003E Series bonds, and it is now desirable to refund these bonds in order to realize debt service savings for the district. The amount of the bond issuance will be $4,560,000 and the bonds shall be dated June 1, 2012. The taxable interest rate for the bonds is approximately 2.8978 percent. The overall savings realized in principal and interest from this issuance is estimated to be $733,000.
Nielsen, Robert named Division Chairs
Appointed Chris Nielsen as Applied Science Division Chair and Kim Robert as Allied Health Division Chair, both effective July 1.
Nielsen previously was Industrial Maintenance Professor within the division, and received the 2010 RLC Foundation Faculty Excellence Award. He has been employed full-time at RLC since August 1992. The move was necessary due to the promotion of former division chair Terry Wilkerson to the position of college president.
Robert has served as interim Allied Health Division Chair since May 2011 and previously served as Radiologic Technology Program Director. She has been employed full-time at RLC since May 2007. According to administrative rationale, Robert has a thorough understanding of the Allied Health field and possesses the leadership and organizational skills required of the position.
Carlock reappointed as CFO
Appointed Bob Carlock as the Vice President of Finance and Administration on a one-year contract effective July 1. He returned to RLC from retirement to fill his previously held position due to a vacancy. He has been an important asset to the college and brings much experience and leadership to the administration.
Halsey joins Student Services staff
Appointed Hillary Halsey as Testing and Placement Specialist effective June 13. The position will be vacated by the retirement of veteran Gloria Oliver on June 31. Halsey holds a Bachelor's Degree in Political Science from Eastern Illinois University and an Associate of Arts Degree from Lake Land College. She has experience as an advisor with the Illinois Student Assistance Commission.
DeJarnette becomes Executive Assistant to the President on permanent basis
Appointed Cathy DeJarnette to the position of Executive Assistant to the President on a permanent basis. Originally hired as the Executive Assistant to the Vice President of Institutional Effectiveness, she has filled the Executive Assistant to the President position on an interim basis for the past seven months and has proven effective in that capacity.
Liberal Arts Division's Cross rescinds retirement
Rescinded the motion to accept the retirement of Cathy Cross, Administrative Assistant for the Liberal Arts Division. Cross opted to stay and has requested to continue working full-time at RLC.
Two positions approved for hiring, ratification
Granted permission to revise the job descriptions, hire and ratify the appointments at the July regular Board of Trustees meeting of two positions: Business Process Analyst / Report Writer, and Executive Assistant to the Vice President of Institutional Effectiveness.
Records Specialist sought
Granted permission to advertise for the position of a temporary full-time Records Specialist. This position is needed due to the current workload in Admissions and Records.
IT Department's Steele moving on
Accepted with regret the resignation of Walter Steele, Business Process Analyst, effective June 1. "I appreciate the opportunity to be a part of the RLC team over the last five and a half years and wish everyone continued success," Steele wrote in his resignation letter.
RAMP document approved
Approved the Resource Allocation Management Plan for transmittal to the Illinois Community College Board. The college is required to submit the RAMP document each year. This is a type of "wish list" submitted by higher education institutions throughout the state, which are then combined at the state level and prioritized for possible funding. Projects on RLC's RAMP list include a new Allied Health building, a Learning Commons Addition and a new Physical Plant Department building.
In other business, the board ...
- Learned that the total proceeds from the annual Obsolete Equipment Auction, held June 7, totaled $8,283 less advertising expenses.
- Approved an interdistrict Comprehensive Agreement Regarding the Expansion of Educational Resources (CAREER) effective June 13. This agreement among 28 Illinois community colleges allows students to take a career technical program at another college if their sending college does not offer that program. The sending college does not have to pay chargeback and is able to receive state equalization.
- Approved revisions to board policy concerning stipends (second reading).
- Approved a new board policy and procedure concerning the use of college resources by employees for the providing of professional services for a fee (second reading).
- Approved the Fiscal Year 2013 salaries for administrative, administrative support, academic support and office support personnel.
- Approved the Prevailing Rate of Hourly Wages resolution effective June 12.
- Approved corporate banking resolutions needed to establish two new accounts. The RLC Employee Benefit Plan account is needed for the processing of group medical insurance claims through the college's third-party administrator. The RLC Medical Insurance Reserves account will be used for the depositing of the residual funds received from the CCIC and withdrawals will only be made in the event of a funding shortfall between claims and premiums during the initial implementation of the new program.
- Approved an action transferring up to $3.4 million from the Working Cash fund to the Education fund. This was due to the timing of receipts of funds from the state for various grant payments which may be delayed during future periods. The amount will be transferred back to the Working Cash fund when the money comes in from the state. Additionally, the board approved the transfer of $2,481,000 from the Education fund to the Working Cash fund to repay earlier transfers made in anticipation of revenues to be received by the college. The college is legally required to repay this transfer between funds within one year.
Mark your calendars …
- GED Graduation, 7 p.m. Thursday, June 14, RLC Theatre.
- Practical Nursing Pinning Ceremony, 7 p.m. Thursday, June 21, RLC Theatre.