Rock Valley College Comprehensive Annual Financial Report ...

ROCK VALLEY COLLEGE
ILLINOIS COMMUNITY COLLEGE DISTRICT NUMBER 511
HISTORY (Unaudited) (Continued)
1993 (Cont’d) training and employment to avoid long-term welfare dependence. The Automotive
Facility was paid off. Parking lot #1 was redesigned and rebuilt. Most of the wooden
framed buildings were re-roofed.
1994 Three new signs were constructed; one at Springbrook and Mulford, one at the Mulford
Road entrance and one at the Springbrook entrance. The entrance signs have
computerized message boards. The batch plant lot was paved. A cold storage facility was
constructed for Theater and maintenance.
1995 The Springbrook entrance was moved concurrent with the widening of the road. New
bleachers were installed in the PEC. Emergency call boxes were installed around the
campus and at off campus college locations. The new Hewlett Packard mainframe using
CARS software was phased in for payroll processing.
1996 On January 9, 1996, the Property Tax Appeal Board reduced the assessed valuation of the
Byron Station for the tax years 1989, 1990, 1991 and 1992. Based on this decision, the
Ogle County Board of Review set the 1995 assessed valuation of the Byron Station at
$471,791,515, a reduction of $523,969,287 from the originally published 1996 assessed
valuation of $995,760,802. This reduces the College’s annual tax revenue by $1,414,717
for the tax year 1995. The PTAB decision has been appealed at the 2nd District Appellate
Court in Elgin. The Ogle County Board of Review decision has been appealed at the 15th
Judicial Circuit Court.
Rock Valley College, in conjunction with Fox Valley Education Alliance, was awarded a
$600,000 grant from the Illinois Manufacturers Association for training of member company
employees.
Rock Valley College Technology Center was designated a regional Best Manufacturing
Practices Center of Excellence by the University of Maryland and the National Institute of
Standards and Technology to service companies in the North Central states.
1997 The 2nd District Appellate Court in Elgin upheld the Property Tax Appeal Board’s opinion
that reduced the assessed valuation of the Byron Station. The Ogle County
Intergovernmental Agency appealed the ruling to the Illinois State Supreme Court, where it
awaits a decision.
Rock Valley College was designated the Northern Illinois Manufacturing Extension Center,
a sub-center of the Illinois Manufacturing Extension Center. The College is providing
extension services to small and mid-sized manufacturers in the northern third of Illinois.
This activity is funded through a multi-year grant from the National Institute of Standards
and Technology.
Rock Valley College, in conjunction with the Fox Valley Education Alliance, was awarded a
$750,000 grant from the Illinois Manufacturing Association for training member company
employees.
Windows were replaced in Classroom Buildings I and II, the Educational Resource Center,
and the old campus buildings.
1998 Dr. Karl J. Jacobs retired as President of Rock Valley College on October 31, 1997, after
serving as president since January 20, 1969.
79