Budget and Performance Transparency Reporting

ACC is committed to ensuring long-term stability and financial health of the college, including providing timely, accurate financial reporting to our staff, students, and community.

Michigan Public Act 265 of 2018, Section 209 Reporting
(1)(a) Annual operating budget and subsequent budget revisions.

(1)(b) Link to the Michigan Community College Data Inventory Report.
(1)(c) General fund revenue and expenditure projections for fiscal year 2018-19, 2019-20, 2020-21, and 2021-22.

(1)(d) A listing of all debt service obligations, detailed by project, anticipated fiscal year 2018-19 payment of each project, and total outstanding debt.

ACC has two debt service obligations:
Chemical Bank – 10-year, 2013 Facility and Refunding Bond. Balance as of June 30, 2017: $1,285,000. Annual payment FY19 $215,000 principle, $22,230 interest
First Federal of Northern Michigan — 20-year, installment purchase agreement for a residential apartment complex. Balance as of June 30, 2018: $646,000. Annual payment of $34,000 on principle and $21,216 on interest.

(1)(f)(i) The current collective bargaining agreement for each bargaining unit.

(1)(f)(ii) Each health care benefits plan, including, but not limited to, medical, dental, vision, disability, long-term care, or any other type of benefits that would constitute health care services, offered to any bargaining unit or employee of the community college.

(1)(f)(iii) Audits and financial reports for the most recent fiscal year for which they are available.

ACC 2019-20 Approved Audit

(1)(f)(iv) A copy of the board of trustees resolution regarding compliance with best practices for the local strategic value component described in section 230(2).

(4)(a) Budgeted fiscal year 2019-20 general fund revenue from tuition and fees.

(4)(b) Budgeted fiscal year 2019-20 general fund revenue from state appropriations.

(4)(c) Budgeted fiscal year 2019-20 general fund revenue from property taxes.

(4)(d) Budgeted fiscal year 2019-20 total general fund revenue.

(4)(e) Budgeted fiscal year 2019-20 total general fund expenditures.

(5)(a) Opportunities for earning college credit through state-approved career and technical education or a tech prep articulated program of study, direct college credit or concurrent enrollment, dual enrollment, and early college/middle college programs.