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 249 of 2016, Section 209 Reporting
(1)(a) Annual operating budget and subsequent budget revisions.

ACC 2018-19 Approved Budget

(1)(b) Link to the Activities Classification Structure Data Book and Companion.
(1)(c) General fund revenue and expenditure projections for fiscal year 2017-18 and fiscal year 2018-19.

(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 FY18 $210,000 principle, $19,918 interest
First Federal of Northern Michigan — 20-year, installment purchase agreement for a residential apartment complex. Balance as of June 30, 2017: $680,000. 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 2017-18 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).

Minutes from the October 17, 2018, ACC Board of Trustees meeting

(4)(a) Budgeted fiscal year 2018-19 general fund revenue from tuition and fees.

ACC 2018-19 Approved Budget (pg. 1-3)

(4)(b) Budgeted fiscal year 2018-19 general fund revenue from state appropriations.

ACC 2018-19 Approved Budget (pg. 1-3)

(4)(c) Budgeted fiscal year 2018-19 general fund revenue from property taxes.

ACC 2018-19 Approved Budget (pg. 1-3)

(4)(d) Budgeted fiscal year 2018-19 total general fund revenue.

ACC 2018-19 Approved Budget (pg. 1-3)

(4)(e) Budgeted fiscal year 2018-19 total general fund expenditures.

ACC 2018-19 Approved Budget (pg. 1-3)

(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.