1701 Wright Street, Madison, WI 53704 608/246-6677 madisoncollege.edu

August 6, 2014 Amended August 7, 2014

MEETING NOTICE NOTICE IS HEREBY GIVEN that the Madison Area Technical College District Board

will meet in executive session at 4:00 p.m. on Wednesday, August 13, 2014, in Room 148D, Madison Area Technical College, 1701 Wright Street, Madison, to consider employment, promotion, compensation or performance evaluation data as authorized in Section 19.85 (1) (c), Wis. Stats.

NOTICE IS FURTHER HEREBY GIVEN that the Madison Area Technical College

District Board will hold its regular meeting no earlier than 5:30 p.m. in Room 122 to consider the following:

I. CALL TO ORDER

A. Compliance with Open Meeting Law

II. ROUTINE BUSINESS MATTERS

A. Approval of July 14, 2014 Meeting Minutes (Pages 3 - 8) B. Public Comments

III. NEW BUSINESS

A. Communications 1. Board Chair’s Report

a. Future Meeting & Event Schedule

2. Student Liaison Report 3. College/Campus Announcements 4. President’s Report B. Action Items 1. Staff Representation at Tax Incremental Finance (TIF) District Meetings (Page 9)

1701 Wright Street, Madison, WI 53704 608/246-6677 madisoncollege.edu

2. Capital Projects Borrowing (Pages 10 - 26)

a. Resolution Awarding the Sale of $8,000,000 General Obligation Promissory Notes, Series 2014-15A

3. Consent Agenda Items

a. Vendor payments greater than or equal to $2,500 for the period June 16, 2014

through July 15, 2014, and schedule of checks issued for the period June 16, 2014 through June 30, 2014 (Pages 27 - 31) b. April-June 2014 38.14 service contracts (Page 32) c. Employment of personnel (Pages 33 - 34) d. Resignations and separations (Page 35) e. Retirements (Page 36) f. International travel (Page 37)

IV. CALENDAR OF EVENTS

Board Meetings Wednesday, September 10, 2014 Wednesday, October 8, 2014 – Reedsburg Campus Wednesday, November 12, 2014 Wednesday, December 10, 2014 Board Retreat Wednesday, September 24, 2014 – 12:00 – 4:30 p.m. District Boards Association October 10-11, 2014, Minocqua/Rhinelander Association of Community College Trustees Leadership Congress October 22-25, 2014, Chicago

V. ADJOURN cc: News Media Madison College Board Legal Counsel Administrative Staff Full-Time Faculty Union Part-Time Faculty Union Support Staff Union

July 14, 2014 4271

A meeting of the Madison Area Technical College District Board was held July 14, 2014,

at Madison Area Technical College, 1701 Wright Street, Madison, Wisconsin.

Board members present: Carolyn Stoner-Chair, Janice Bultema, Kelly Crombie, Randy

Guttenberg, Arlyn Halvorson, Joseph Hasler, Frances Huntley-Cooper, Shawn Pfaff, and Joel

Winn.

Student representative present: Patty Hawkins.

Also present: Jack E. Daniels-President; Jon Anderson-Legal Counsel; Tim Casper,

Senior Executive-Special Assistant to the President; Keith Cornille, Senior Vice President-

Student Development & Success; Charles McDowell, Vice President-Human Resources; Mark

Thomas, Vice President-Administration; Diane Walleser, Vice President-Marketing & Public

Relations; Terry Webb, Provost; and Ellen Hustad-Recording Secretary.

Others present: John Alt, Dean-Northern Region; Jennifer Bakke, Dean-Eastern Region;

Turina Bakken, Associate Vice President-Learner Success; Joshua Cotillier, Manager-Risk

Management, Health & Safety; Cary Heyer, Manager-Public Relations; Tammy Thayer, Chief

Executive Officer-Madison College Foundation; and others.

Call to Order I

The meeting was duly noticed and called to order at 5:34 p.m.

Oath of Office for Newly Appointed and Reappointed Board Members IB

Mr. Crombie, Mr. Guttenberg, Ms. Huntley-Cooper and Mr. Winn were administered the

oral oath of office for newly appointed and reappointed board members. Dr. Stoner welcomed

Mr. Crombie, Mr. Guttenberg and Ms. Huntley-Cooper to the Board.

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July 14, 2014 4272

Routine Business Matters II

Approval of Meeting Minutes II A

There was a motion by Mr. Pfaff, seconded by Ms. Bultema, to approve the meeting minutes of June 11, 2014, as submitted. Motion approved.

Public Comments II B There were no public comments.

New Business III

Communications III A

Board Chair’s Report III A 1

Future Meeting & Event Schedule III A 1 a

Dr. Stoner reviewed the schedule for upcoming meetings and college events. A Board

retreat will take place on the afternoon of Wednesday, September 24, 2014, and the February

2015 meeting of the Board will occur on the third Wednesday in order to accommodate Board

participation at the Community College Legislative Summit in Washington, D.C., on February

9-12, 2015.

College/Campus Announcements III A 2

Mr. Alt and Ms. Bakke reported on activities and initiatives occurring at the district’s

regional campuses. Mr. Webb reported that overall College enrollments are up as compared to

the same time last year. Mr. Casper reported on meetings being scheduled with legislators from

the Madison College district, stating that Board members will be informed when meetings take

place within their communities.

President’s Report III A 3

Dr. Daniels welcomed Mr. Crombie, Mr. Guttenberg and Ms. Huntley-Cooper to the

District Board.

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July 14, 2014 4273

Dr. Daniels reported on recent organizational changes aimed at ensuring high-quality

programs and services throughout the District.

Dr. Daniels recognized Ms. Walleser for ten years of dedicated service to Madison

College and its students, expressing gratitude for her work and best wishes in her new role as the

Vice President of Student and Enrollment Services at Columbus State College.

2013-14 Out-of-State Tuition Remission – International Exchange III A 3 a Dr. Daniels reported that Madison College waived out-of-state tuition for one student

who participated in the Congress-Bendestag German Exchange Program. This partnership

between the United States and Germany facilitates the exchange of students in the technical

fields. The student attended classes during the 2013 fall semester and participated in a local

internship during the 2014 spring semester. Students participating in this exchange program

would not be able to attend Madison College without the tuition waiver, and do not displace any

local students.

Action Items III B

Organizational Meeting III B 1

Election of FY2014-15 District Board Officers III B 1 a

Dr. Stoner called upon Ms. Bultema to present the Ad Hoc Nominating Committee’s

recommendations for the FY2014-15 slate of Board officers. Ms. Bultema presented the

committee’s recommendations:

Board Chair: Dr. Carolyn Stoner

Board Vice Chair: Mr. Shawn Pfaff

Board Secretary: Mr. Joel Winn Board Treasurer: Mr. Arlyn Halvorson

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July 14, 2014 4274

There was a motion by Ms. Bultema, seconded by Mr. Pfaff, to accept the FY2014-15 slate of officers as recommended by the ad hoc nominations committee. Motion carried.

Appointment of Representatives to Wisconsin Technical College District Boards Association Board of Directors and Standing Committees III B 1 b

Dr. Stoner reported that the Wisconsin Technical College (WTC) District Boards

Association requested that each district appoint or confirm representatives to the association’s

board of directors and standing committees.

Dr. Stoner has completed two two-year terms on the board of directors. There is no limit

on the number of terms that board of directors may serve. Mr. Hasler expressed an interest in

serving as the board’s representative. It was agreed that Mr. Hasler would serve a two-year term

as the Board’s representative on the WTC District Boards Association board, with Dr. Stoner

serving as an alternate as needed.

There was discussion regarding representation on WTC District Boards Association

committees during FY2014-15. The following assignments were confirmed:

Legislative: Kelly Crombie & Joseph Hasler Human Resources: Janice Bultema Program: Randy Guttenberg, Arlyn Halvorson, Shawn Pfaff & Patty Hawkins Interdistrict/Interagency Cooperation: Carolyn Stoner Bylaws, Policies and Procedures: Frances Huntley-Cooper Marketing/Public Relations & Awards: Joel Winn

FY2014-15 Board Meeting Schedule III B 1 c There was discussion regarding the District Board’s current schedule of conducting

business meetings on the second Wednesday of each month.

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July 14, 2014 4275

There was a motion by Mr. Hasler, seconded by Ms. Bultema, to continue conducting Board business meetings on the second Wednesday of each month during FY2014-15. Motion carried.

It was further agreed that closed session meetings will continue to start at 4:30 p.m. and

business meetings will begin no earlier than 5:30 p.m. There was discussion regarding the

scheduling of Board development meetings.

There was a motion by Mr. Winn, seconded by Mr. Hasler, to schedule Board development meetings on the fourth Wednesday of the month as needed. Motion carried.

District Board Policy Revision: Governing Style III B 2

Dr. Stoner reviewed proposed revisions to the Governing Style policy, noting that the

revisions were presented at the June 11, 2014, meeting.

There was a motion by Ms. Bultema, seconded by Mr. Halvorson, to approve the revisions to the Governing Style policy as proposed by the Board Chair. Motion carried. Capital Project Borrowing III B 3

Resolution Authorizing the Issuance of not to Exceed $8,000,000 General Obligation Promissory Notes, Series 2014-15A; and Setting the Sale Therefor III B 3 a

The approved FY2014-15 budget includes the capital projects budget and authorization to

borrow $21,000,000. Mr. Casper stated that the District Board was being asked to authorize the

initiation of a borrowing process totaling $8,000,000 for equipment and technology. If approved

by the District Board, a resolution would be presented at the August 2014 meeting to award the

sale of the bonds to the lowest bidder from the bidding process.

There was a motion by Mr. Pfaff, seconded by Mr. Crombie, to adopt the Resolution Authorizing the Issuance of not to Exceed $8,000,000 General Obligation Promissory Notes, Series 2014-15A; and Setting the Sale Therefor. Motion carried.

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July 14, 2014 4276

Consent Agenda Items III B 4

FY2014-15 legal services III B 4 a General fund financial report as of May 31, 2014 III B 4 b Request for proposals/request for bids/sole sources III B 4 c Vendor payments greater than or equal to $2,500 and schedule of checks issued for the period May 16, 2014 through June 15, 2014 III B 4 d

Employment of personnel III B 4 e Resignations and separations III B 4 f

Retirements III B 4 g International travel III B 4 h

There was a motion by Ms. Huntley-Cooper, seconded by Mr. Hasler, to approve Consent Agenda items III.B.4.a. through h. as submitted. Motion approved.

Adjournment V

There was a motion by Ms. Huntley-Cooper, seconded by Ms. Bultema, to adjourn. Motion approved.

The meeting adjourned at 6:20 p.m.

____________________________________ Joel D. Winn, Secretary

8

MADISON AREA TECHNICAL COLLEGE DATE: August 13, 2014 TOPIC: Staff Representation at Tax Increment Financing (TIF) District Meetings ISSUE: At the November 14, 2012 District Board meeting, a motion was passed to update

the staff members that may act as representatives of the Madison College District Board at Tax Increment Financing (TIF) district meetings

The representatives approved at the November 14, 2012 were Edwin Noehre,

CFO/Controller; John Alt, Northern Regional Economic and Workforce Development Executive Director; Lynn Forseth, Eastern Regional Economic and Workforce Development Executive Director; Lorin Toepper, Southwest Economic and Workforce Development Executive Director; Tim Casper, Public Affairs & Government Relations Manager; Aaron Burkes, Assistant Vice President of Administrative Services

Due to staff turnover and changes in administrative roles and responsibilities it is important to update and reauthorize staff to serve as TIF representatives of the Madison College District Board. Effective immediately, it is recommended that the Board approve representatives of the Madison College District Board to attend TIF district meetings, as needed. Proposed TIF Representatives are:

• Tim Casper, Senior Executive / Special Assistant to the President • Mark Thomas, Vice President of Administrative Services • Brian Nowicki, Controller • Aaron Burkes, Assistant Vice President of Economic and Workforce

Development • Jennifer Bakke, East Region Dean • John Alt, North Region Dean

ACTION: Approve the following staff members to represent the Madison College District

Board at TIF district meetings:

• Tim Casper, Senior Executive / Special Assistant to the President • Mark Thomas, Vice President of Administrative Services • Brian Nowicki, Controller • Aaron Burkes, Assistant Vice President of Economic and Workforce

Development • Jennifer Bakke, East Region Dean • John Alt, North Region Dean

9

MADISON AREA TECHNICAL COLLEGE DATE: August 13, 2014 TOPIC: Resolution Awarding the Sale of $8,000,000 General Obligation Promissory

Notes, Series 2014-2015A ISSUE: On July 14, 2014, the Madison College District Board approved authorizing the

sale of $8,000,000 of General Obligation Promissory Notes. The issuance of these notes is for the public purpose of the acquisition of movable equipment costing $500 or more per unit or set. These activities were included in the FY 2014-2015 capital projects budget approved by the Board on June 11, 2014, and subsequent budget amendments.

Michele Wiberg of PMA Securities, Inc. will provide information on the winning

bidder, purchase price, interest rates, and tax levies at the board meeting on August 13, 2014. Attached is the draft copy of the Resolution. The final version will be delivered at the meeting.

RECOMMENDATION:

Adopt the Resolution Awarding the Sale of $8,000,000 General Obligation Promissory Notes, Series 2014-15A.

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RESOLUTION NO. ______

RESOLUTION AWARDING THE SALE OF $8,000,000 GENERAL OBLIGATION PROMISSORY NOTES, SERIES 2014-15A

WHEREAS, the District Board of the Madison Area Technical College District,

Wisconsin (the "District") has, by a resolution adopted July 14, 2014 (the "Authorizing Resolution"), authorized the issuance of General Obligation Promissory Notes, Series 2014-15A (the "Notes") in the principal amount of $8,000,000, pursuant to Section 67.12(12) of the Wisconsin Statutes, for the public purpose of financing the acquisition of movable equipment;

WHEREAS, the Secretary of the District caused a Notice to Electors to be published in the Wisconsin State Journal on July 22, 2014 giving notice of adoption of the Authorizing Resolution, identifying where and when the Authorizing Resolution could be inspected, and advising electors of their right to petition for a referendum on the question of the issuance of general obligation promissory notes to finance the acquisition of movable equipment;

WHEREAS, no petition for referendum has been filed with the Secretary and the time to file such a petition will expire on August 21, 2014;

WHEREAS, the District has directed PMA Securities, Inc. ("PMA") to take the steps necessary to sell the Notes;

WHEREAS, PMA, in consultation with the officials of the District, prepared an Official Notice of Sale (a copy of which is attached hereto as Exhibit A and incorporated herein by this reference) setting forth the details of and the bid requirements for the Notes and indicating that the Notes would be offered for public sale on August 13, 2014;

WHEREAS, the Secretary (in consultation with PMA) caused notice of the sale of the Notes to be published and/or announced and caused the Official Notice of Sale to be distributed to potential bidders offering the Notes for public sale;

WHEREAS, the District has duly received bids for the Notes as described on the Bid Tabulation attached hereto as Exhibit B and incorporated herein by this reference (the "Bid Tabulation"); and

WHEREAS, it has been determined that the bid proposal (the "Proposal") submitted by the financial institution listed first on the Bid Tabulation fully complies with the bid requirements set forth in the Official Notice of Sale and is deemed to be the most advantageous to the District. PMA has recommended that the District accept the Proposal. A copy of said Proposal submitted by such institution (the "Purchaser") is attached hereto as Exhibit C and incorporated herein by this reference.

NOW, THEREFORE, BE IT RESOLVED by the District Board of the District that:

Section 1A. Ratification of the Official Notice of Sale and Offering Materials. The District Board of the District hereby ratifies and approves the details of the Notes set forth in Exhibit A attached hereto as and for the details of the Notes. The Official Notice of Sale and any

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other offering materials prepared and circulated by PMA are hereby ratified and approved in all respects. All actions taken by officers of the District and PMA in connection with the preparation and distribution of the Official Notice of Sale and any other offering materials are hereby ratified and approved in all respects.

Section 1B. Award of the Notes. The Proposal of the Purchaser offering to purchase the Notes for the sum set forth on the Proposal (as modified on the Bid Tabulation and reflected in the Pricing Summary referenced below and incorporated herein), plus accrued interest to the date of delivery, is hereby accepted (subject to the condition that no valid petition for a referendum is filed by August 21, 2014 in connection with the Notes). The Chairperson and Secretary or other appropriate officers of the District are authorized and directed to execute an acceptance of the Proposal on behalf of the District. The good faith deposit of the Purchaser shall be retained by the District Treasurer until the closing of the note issue, and any good faith deposits submitted by unsuccessful bidders shall be promptly returned. The Notes bear interest at the rates set forth on the Proposal.

Section 2. Terms of the Notes. The Notes shall be designated "General Obligation Promissory Notes, Series 2014-15A"; shall be issued in the aggregate principal amount of $8,000,000; shall be dated their date of issuance; shall be in the denomination of $5,000 or any integral multiple thereof; shall be numbered R-1 and upward; and shall bear interest at the rates per annum and mature on March 1 of each year, in the years and principal amounts as set forth on the Pricing Summary attached hereto as Exhibit D-1 and incorporated herein by this reference. Interest is payable semi-annually on March 1 and September 1 of each year commencing on March 1, 2015. Interest shall be computed upon the basis of a 360-day year of twelve 30-day months and will be rounded pursuant to the rules of the Municipal Securities Rulemaking Board. The schedule of principal and interest payments due on the Notes is set forth on the Debt Service Schedule attached hereto as Exhibit D-2 and incorporated herein by this reference (the "Schedule").

Section 3. Redemption Provisions. The Notes shall not be subject to optional redemption.

Section 4. Form of the Notes. The Notes shall be issued in registered form and shall be executed and delivered in substantially the form attached hereto as Exhibit E and incorporated herein by this reference.

Section 5. Tax Provisions.

(A) Direct Annual Irrepealable Tax Levy. For the purpose of paying the principal of and interest on the Notes as the same becomes due, the full faith, credit and resources of the District are hereby irrevocably pledged, and there is hereby levied upon all of the taxable property of the District a direct annual irrepealable tax in the years 2014 through 2023 for the payments due in the years 2015 through 2024 in the amounts set forth on the Schedule.

(B) Tax Collection. So long as any part of the principal of or interest on the Notes remains unpaid, the District shall be and continue without power to repeal such levy or

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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, from year to year, carried onto the tax roll of the District and collected in addition to all other taxes and in the same manner and at the same time as other taxes of the District for said years are collected, except that the amount of tax carried onto the tax roll may be reduced in any year by the amount of any surplus money in the Debt Service Fund Account created below.

(C) Additional Funds. If at any time there shall be on hand insufficient funds from the aforesaid tax levy to meet principal and/or interest payments on said Notes when due, the requisite amounts shall be paid from other funds of the District then available, which sums shall be replaced upon the collection of the taxes herein levied.

Section 6. Segregated Debt Service Fund Account.

(A) Creation and Deposits. There be and there hereby is established in the treasury of the District, if one has not already been created, a debt service fund, separate and distinct from every other fund, which shall be maintained in accordance with generally accepted accounting principles. Debt service or sinking funds established for obligations previously issued by the District may be considered as separate and distinct accounts within the debt service fund.

Within the debt service fund, there hereby is established a separate and distinct account designated as the "Debt Service Fund Account for $8,000,000 General Obligation Promissory Notes, Series 2014-15A" (the "Debt Service Fund Account") and such account shall be maintained until the indebtedness evidenced by the Notes is fully paid or otherwise extinguished. The District Treasurer shall deposit in the Debt Service Fund Account (i) all accrued interest received by the District at the time of delivery of and payment for the Notes; (ii) any premium which may be received by the District above the par value of the Notes and accrued interest thereon; (iii) all money raised by the taxes herein levied and any amounts appropriated for the specific purpose of meeting principal of and interest on the Notes when due; (iv) such other sums as may be necessary at any time to pay principal of and interest on the Notes when due; (v) surplus monies in the Borrowed Money Fund as specified below; and (vi) such further deposits as may be required by Section 67.11, Wisconsin Statutes.

(B) Use and Investment. No money shall be withdrawn from the Debt Service Fund Account 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 the Notes 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), Wisconsin Statutes, or in permitted municipal investments under the pertinent provisions of the Wisconsin Statutes ("Permitted Investments"), which investments shall continue to be a part of the Debt Service Fund Account. Any investment of the Debt Service Fund Account shall at all times conform

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with the provisions of the Internal Revenue Code of 1986, as amended (the "Code") and any applicable Treasury Regulations (the "Regulations").

(C) Remaining Monies. 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 Account shall be transferred and deposited in the general fund of the District, unless the District Board directs otherwise.

Section 7. Proceeds of the Notes; Segregated Borrowed Money Fund. The proceeds of the Notes (the "Note Proceeds") (other than any premium and accrued interest which must be paid at the time of the delivery of the Notes into the Debt Service Fund Account created above) shall be deposited into a special fund separate and distinct from all other funds of the District and disbursed solely for the purpose for which borrowed or for the payment of the principal of and the interest on the Notes. Monies in the Borrowed Money Fund may be temporarily invested in Permitted Investments. Any monies, including any income from Permitted Investments, remaining in the Borrowed Money Fund after the purpose for which the Notes have been issued has been accomplished, and, at any time, any monies as are not needed and which obviously thereafter cannot be needed for such purpose shall be deposited in the Debt Service Fund Account.

Section 8. No Arbitrage. All investments made pursuant to this Resolution shall be Permitted Investments, but no such investment shall be made 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 and an officer of the District, charged with the responsibility for issuing the Notes, shall certify as to facts, estimates, circumstances and reasonable expectations in existence on the date of delivery of the Notes to the Purchaser which will permit the conclusion that the Notes are not "arbitrage bonds," within the meaning of the Code or Regulations.

Section 9. Compliance with Federal Tax Laws. (a) The District represents and covenants that the projects financed by the Notes and the ownership, management and use of the projects will not cause the Notes to be "private activity bonds" within the meaning of Section 141 of the Code. The District further covenants that it shall comply with the provisions of the Code to the extent necessary to maintain the tax-exempt status of the interest on the Notes including, if applicable, the rebate requirements of Section 148(f) of the Code. The District further covenants that it will not take any action, omit to take any action or permit the taking or omission of any action within its control (including, without limitation, making or permitting any use of the proceeds of the Notes) if taking, permitting or omitting to take such action would cause any of the Notes to be an arbitrage bond or a private activity bond within the meaning of the Code or would otherwise cause interest on the Notes to be included in the gross income of the recipients thereof for federal income tax purposes. The Secretary or other officer of the District charged with the responsibility of issuing the Notes shall provide an appropriate certificate of the District certifying that the District can and covenanting that it will comply with the provisions of the Code and Regulations.

(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

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consistent with the proceedings authorizing the Notes and the laws of the State of Wisconsin and to the extent that there is a reasonable period of time in which to comply.

Section 10. Execution of the Notes; Closing; Professional Services. The Notes shall be issued in printed form, executed on behalf of the District by the manual or facsimile signatures of the Chairperson and Secretary, authenticated, if required, by the Fiscal Agent (defined below), sealed with its official or corporate seal, if any, or a facsimile thereof, and delivered to the Purchaser upon payment to the District of the purchase price thereof, plus accrued interest to the date of delivery (the "Closing"). The facsimile signature of either of the officers executing the Notes may be imprinted on the Notes in lieu of the manual signature of the officer but, unless the District has contracted with a fiscal agent to authenticate the Notes, at least one of the signatures appearing on each Note shall be a manual signature. In the event that either of the officers whose signatures appear on the Notes shall cease to be such officers before the Closing, such signatures shall, nevertheless, be valid and sufficient for all purposes to the same extent as if they had remained in office until the Closing. The aforesaid officers are hereby authorized and directed to do all acts and execute and deliver the Notes and all such documents, certificates and acknowledgements as may be necessary and convenient to effectuate the Closing. The District hereby authorizes the officers and agents of the District to enter into, on its behalf, agreements and contracts in conjunction with the Notes, including but not limited to agreements and contracts for legal, trust, fiscal agency, disclosure and continuing disclosure, and rebate calculation services. Any such contract heretofore entered into in conjunction with the issuance of the Notes is hereby ratified and approved in all respects.

Section 11. Payment of the Notes; Fiscal Agent. The principal of and interest on the Notes shall be paid by the District Secretary or District Treasurer (the "Fiscal Agent").

Section 12. Persons Treated as Owners; Transfer of Notes. The District shall cause books for the registration and for the transfer of the Notes to be kept by the Fiscal Agent. The person in whose name any Note shall be registered shall be deemed and regarded as the absolute owner thereof for all purposes and payment of either principal or interest on any Note shall be made only to the registered owner thereof. All such payments shall be valid and effectual to satisfy and discharge the liability upon such Note to the extent of the sum or sums so paid.

Any Note may be transferred by the registered owner thereof by surrender of the Note at the office of the Fiscal Agent, duly endorsed for the transfer or accompanied by an assignment duly executed by the registered owner or his attorney duly authorized in writing. Upon such transfer, the Chairperson and Secretary shall execute and deliver in the name of the transferee or transferees a new Note or Notes of a like aggregate principal amount, series and maturity and the Fiscal Agent shall record the name of each transferee in the registration book. No registration shall be made to bearer. The Fiscal Agent shall cancel any Note surrendered for transfer.

The District shall cooperate in any such transfer, and the Chairperson and Secretary are authorized to execute any new Note or Notes necessary to effect any such transfer.

Section 13. Record Date. The fifteenth day of each calendar month next preceding each interest payment date shall be the record date for the Notes (the "Record Date"). Payment of interest on the Notes on any interest payment date shall be made to the registered owners of the

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Notes as they appear on the registration book of the District at the close of business on the Record Date.

Section 14 . Utilization of The Depository Trust Company Book-Entry-Only System. In order to make the Notes eligible for the services provided by The Depository Trust Company, New York, New York ("DTC"), the District agrees to the applicable provisions set forth in the Blanket Issuer Letter of Representations previously executed on behalf of the District and on file in the District office.

Section 15. Official Statement. The District Board hereby approves the Preliminary Official Statement with respect to the Notes and deems the Preliminary Official Statement as "final" as of its date for purposes of SEC Rule 15c2-12 promulgated by the Securities and Exchange Commission pursuant to the Securities and Exchange Act of 1934 (the "Rule"). All actions taken by officers of the District in connection with the preparation of such Preliminary Official Statement and any addenda to it or Official Statement are hereby ratified and approved. In connection with the Closing, the appropriate District official shall certify the Preliminary Official Statement and any addenda or Official Statement. The Secretary shall cause copies of the Preliminary Official Statement and any addenda or Official Statement to be distributed to the Purchaser.

Section 16. Undertaking to Provide Continuing Disclosure. The District hereby covenants and agrees, for the benefit of the owners of the Notes, to enter into a written undertaking (the "Undertaking") if required by the Rule to provide continuing disclosure of certain financial information and operating data and timely notices of the occurrence of certain events in accordance with the Rule. The Undertaking shall be enforceable by the owners of the Notes or by the Purchaser on behalf of such owners (provided that the rights of the owners and the Purchaser to enforce the Undertaking shall be limited to a right to obtain specific performance of the obligations thereunder and any failure by the District to comply with the provisions of the Undertaking shall not be an event of default with respect to the Notes).

To the extent required under the Rule, the Chairperson and Secretary, or other officer of the District charged with the responsibility for issuing the Notes, shall provide a Continuing Disclosure Certificate for inclusion in the transcript of proceedings, setting forth the details and terms of the District's Undertaking.

Section 17. Record Book. The Secretary shall provide and keep the transcript of proceedings as a separate record book (the "Record Book") and shall record a full and correct statement of every step or proceeding had or taken in the course of authorizing and issuing the Notes in the Record Book.

Section 18. Bond Insurance. If the Purchaser determines to obtain municipal bond insurance with respect to the Notes, the officers of the District are authorized to take all actions necessary to obtain such municipal bond insurance. The Chairperson and Secretary are authorized to agree to such additional provisions as the bond insurer may reasonably request and which are acceptable to the Chairperson and Secretary including provisions regarding restrictions on investment of Note proceeds, the payment procedure under the municipal bond insurance policy, the rights of the bond insurer in the event of default and payment of the Notes by the

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bond insurer and notices to be given to the bond insurer. In addition, any reference required by the bond insurer to the municipal bond insurance policy shall be made in the form of Note provided herein.

Section 19. Conflicting Resolutions; Severability; Effective Date. All prior resolutions, rules or other actions of the District Board or any parts thereof in conflict with the provisions hereof shall be, and the same are, hereby rescinded insofar as the same may so conflict. In the event that any one or more provisions hereof shall for any reason be held to be illegal or invalid, such illegality or invalidity shall not affect any other provisions hereof. The foregoing shall take effect immediately upon adoption and approval in the manner provided by law.

Adopted, approved and recorded August 13, 2014.

_____________________________ Carolyn S. Stoner Chairperson

ATTEST:

____________________________ Joel D. Winn Secretary (SEAL)

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EXHIBIT A

Official Notice of Sale

To be provided by PMA Securities, Inc. and incorporated into the Resolution.

(See Attached)

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EXHIBIT B

Bid Tabulation

To be provided by PMA Securities, Inc. and incorporated into the Resolution.

(See Attached)

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EXHIBIT C

Winning Bid

To be provided by PMA Securities, Inc. and incorporated into the Resolution.

(See Attached)

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EXHIBIT D-1

Pricing Summary

To be provided by PMA Securities, Inc. and incorporated into the Resolution.

(See Attached)

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EXHIBIT D-2

Debt Service Schedule and Irrepealable Tax Levies

To be provided by PMA Securities, Inc. and incorporated into the Resolution.

(See Attached)

22

QB\28790822.1

EXHIBIT E

(Form of Note)

UNITED STATES OF AMERICA REGISTERED STATE OF WISCONSIN DOLLARS

ADAMS, COLUMBIA, DANE, DODGE, GREEN, IOWA, JEFFERSON, JUNEAU, MARQUETTE, RICHLAND, ROCK AND SAUK COUNTIES

NO. R-___ MADISON AREA TECHNICAL COLLEGE DISTRICT $_______ GENERAL OBLIGATION PROMISSORY NOTE, SERIES 2014-15A

MATURITY DATE: ORIGINAL DATE OF ISSUE: INTEREST RATE: CUSIP:

March 1, _____ ______________, 2014 ____% ______

DEPOSITORY OR ITS NOMINEE NAME: CEDE & CO.

PRINCIPAL AMOUNT: _______________________ THOUSAND DOLLARS ($__________)

FOR VALUE RECEIVED, the Madison Area Technical College District, Adams, Columbia, Dane, Dodge, Green, Iowa, Jefferson, Juneau, Marquette, Richland, Rock and Sauk Counties, Wisconsin (the "District"), hereby acknowledges itself to owe and promises to pay to the Depository or its Nominee Name (the "Depository") identified above (or to registered assigns), on the maturity date identified above, the principal amount identified above, and to pay interest thereon at the rate of interest per annum identified above, all subject to the provisions set forth herein regarding redemption prior to maturity. Interest is payable semi-annually on March 1 and September 1 of each year commencing on March 1, 2015 until the aforesaid principal amount is paid in full. Both the principal of and interest on this Note are payable to the registered owner in lawful money of the United States. Interest payable on any interest payment date shall be paid by wire transfer to the Depository in whose name this Note is registered on the Bond Register maintained by the Secretary or District Treasurer (the "Fiscal Agent") or any successor thereto at the close of business on the 15th day of the calendar month next preceding the semi-annual interest payment date (the "Record Date"). This Note is payable as to principal upon presentation and surrender hereof at the office of the Fiscal Agent.

For the prompt payment of this Note together with interest hereon as aforesaid and for the levy of taxes sufficient for that purpose, the full faith, credit and resources of the District are hereby irrevocably pledged.

This Note is one of an issue of Notes aggregating the principal amount of $8,000,000, all of which are of like tenor, except as to denomination, interest rate and maturity date, issued by the District pursuant to the provisions of Section 67.12(12), Wisconsin Statutes, for the public

23

-2- QB\28790822.1

purpose of financing the acquisition of movable equipment, all as authorized by resolutions of the District Board duly adopted by said governing body at meetings held on July 14, 2014 and August 13, 2014. Said resolutions are recorded in the official minutes of the District Board for said dates.

This Note is not subject to optional redemption.

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 issued simultaneously herewith, does not exceed any limitation imposed by law or the Constitution of the State of Wisconsin; and that a direct annual irrepealable tax has been levied sufficient to pay this Note, together with the interest thereon, when and as payable.

This Note is transferable only upon the books of the District kept for that purpose at the office of the Fiscal Agent, only in the event that the Depository does not continue to act as depository for the Notes, and the District appoints another depository, upon surrender of the Note to the Fiscal Agent, by the registered owner in person or his duly authorized attorney, together with a written instrument of transfer (which may be endorsed hereon) satisfactory to the Fiscal Agent duly executed by the registered owner or his duly authorized attorney. Thereupon a new fully registered Note in the same aggregate principal amount shall be issued to the new depository in exchange therefor and upon the payment of a charge sufficient to reimburse the District for any tax, fee or other governmental charge required to be paid with respect to such registration. The Fiscal Agent shall not be obliged to make any transfer of the Notes after the Record Date. The Fiscal Agent and District may treat and consider the Depository 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 hereof and interest due hereon and for all other purposes whatsoever. The Notes are issuable solely as negotiable, fully-registered Notes without coupons in the denomination of $5,000 or any integral multiple thereof.

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.

24

-3- QB\28790822.1

IN WITNESS WHEREOF, the Madison Area Technical College District, Adams,

Columbia, Dane, Dodge, Green, Iowa, Jefferson, Juneau, Marquette, Richland, Rock and Sauk Counties, Wisconsin, by its governing body, has caused this Note to be executed for it and in its name by the manual or facsimile signatures of its duly qualified Chairperson and Secretary; and to be sealed with its official or corporate seal, if any, all as of the original date of issue specified above.

MADISON AREA TECHNICAL COLLEGE DISTRICT, ADAMS, COLUMBIA, DANE, DODGE, GREEN, IOWA, JEFFERSON, JUNEAU, MARQUETTE, RICHLAND, ROCK AND SAUK COUNTIES, WISCONSIN

By: ______________________________ Carolyn S. Stoner Chairperson

(SEAL)

By: ______________________________ Joel D. Winn Secretary

25

-4- QB\28790822.1

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned sells, assigns and transfers unto ____________________________________________________________________________

(Name and Address of Assignee)

____________________________________________________________________________ (Social Security or other Identifying Number of Assignee)

the within Note and all rights thereunder and hereby irrevocably constitutes and appoints ______________________________________, Legal Representative, to transfer said Note on the books kept for registration thereof, with full power of substitution in the premises.

Dated: _____________________

Signature Guaranteed:

_____________________________ ________________________________ (e.g. Bank, Trust Company (Depository or Nominee Name) or Securities Firm)

NOTICE: This signature must correspond with the name of the Depository or Nominee Name as it appears upon the face of the within Note in every particular, without alteration or enlargement or any change whatever.

____________________________ (Authorized Officer)

26

283881 MULTIPLE $30,242.13

283883 6/27/2014 $15,053.60

283887 6/27/2014 $4,334.00

283889 6/27/2014 $6,975.00

283890 MULTIPLE $17,378.44

283893 MULTIPLE $14,784.00

283712 6/20/2014 $2,666.59

283897 6/27/2014 $33,680.00

284138 7/3/2014 $43,095.00

283716 6/20/2014 $37,960.00

010441 7/11/2014 $8,524.78

010442 7/11/2014 $23,032.00

010343 6/20/2014 $4,396.00

283901 6/27/2014 $4,125.00

284144 7/3/2014 $13,111.00

284145 7/3/2014 $8,376.43

010411 7/3/2014 $100,343.00

010412 7/3/2014 $8,257.14

010447 7/11/2014 $8,000.00

284146 7/3/2014 $28,563.52

010345 6/20/2014 $4,617.67

010450 7/11/2014 $32,623.43

010413 MULTIPLE $28,199.50

283918 6/27/2014 $4,735.00

284151 MULTIPLE $45,090.32

283924 6/27/2014 $9,453.62

283736 6/20/2014 $3,157.75

284154 7/3/2014 $15,125.58

010415 7/3/2014 $3,700.00

283929 6/27/2014 $2,816.97

283930 MULTIPLE $120,365.00

284342 7/11/2014 $17,625.00

010370 6/27/2014 $4,987.74

284343 7/11/2014 $9,372.00

283931 6/27/2014 $4,352.40

283932 6/27/2014 $2,954.84

283933 6/27/2014 $3,186.75

284160 MULTIPLE $7,795.20

284351 7/11/2014 $40,144.87

010417 7/3/2014 $2,700.00

284353 7/11/2014 $2,725.00

284354 7/11/2014 $797,677.00

283748 6/20/2014 $30,325.24

284168 7/3/2014 $13,109.00

010350 6/20/2014 $35,350.00

Madison Area Technical CollegeVendor Payments Greater Than or Equal to 2,500.00

6/16/2014 through 7/15/2014

Vendor Name Check Number Check Date Amount

ADAMS OUTDOOR ADVERTISING

AIRGAS USA LLC

AMERICAN BOOK RETURNS

AMERICAN COLLEGE TESTING

AMERICAN FUNDS

AMERIPRISE FINANCIAL SERVICES INC

ASCENTIVES

ASSEMBLAGE ARCHITECTS

BACHMANN CONSTRUCTION INC

BADGER PRESS INC

BAKER AND TAYLOR INC

BAKER TILLY VIRCHOW KRAUSE LLP

BASSETT MECHANICAL

BEACON HILL STAFFING GROUP LLC

BLACKHAWK TECHNICAL COLLEGE

BOELTER COMPANIES INC

BROWN GROUP RETAIL INC

BRUCE CO

BURNING GLASS TECHNOLOGIES

CAMERA CORNER

CARQUEST AUTO PARTS

CDW GOVERNMENT

CHANDRA TECHNOLOGIES INC

CHRISTENSEN PRINTING AND PUBLISHING LLC

CITY OF MADISON

COAKLEY BROTHERS CO

COMMERCIAL AIR INC

COMMUNITY DEVELOPMENT AUTHORITY

CONNECTED AUTOMOTIVE SYSTEMS OF NE INC

COOK,JAMES H

CORE BTS INC

CORNELL UNIV

COUNTY OF SAUK

CROWNE PLAZA MADISON

D AND H DISTRIBUTING

D AND R U FRAME IT INC

DAILY JEFFERSON COUNTY UNION

DANE COUNTY TREASURER

DELL MARKETING LP

DENISE JESS CONSULTING

DIRTY DUCTS CLEANING

DISTRICTS MUTUAL INSURANCE

DUET RESOURCE GROUP

EBSCO INFORMATION SERVICES

EDUCATION MANAGEMENT SOLUTIONS INC

27

284169 7/3/2014 $2,547.22

283944 6/27/2014 $3,055.00

283752 6/20/2014 $3,930.60

283947 MULTIPLE $19,235.76

283951 MULTIPLE $6,906.84

284364 7/11/2014 $4,423.31

284170 7/3/2014 $3,037.50

284171 7/3/2014 $2,775.01

283956 MULTIPLE $21,010.30

284368 7/11/2014 $2,906.64

284369 7/11/2014 $9,107.13

284173 7/3/2014 $3,373.12

283760 6/20/2014 $3,433.23

283959 6/27/2014 $6,000.00

283763 6/20/2014 $78,733.72

284381 7/11/2014 $4,900.00

010352 6/20/2014 $4,342.87

284387 7/11/2014 $18,522.00

284389 7/11/2014 $14,063.00

283772 MULTIPLE $35,429.39

283977 MULTIPLE $41,514.68

010353 6/20/2014 $424,312.76

283773 6/20/2014 $12,820.56

010420 7/3/2014 $4,940.00

283981 6/27/2014 $23,070.00

283984 6/27/2014 $2,743.00

283986 6/27/2014 $3,155.88

283780 MULTIPLE $21,601.54

283991 MULTIPLE $9,228.11

284414 7/11/2014 $7,354.50

010356 6/20/2014 $4,333.25

283787 6/20/2014 $5,978.49

284197 7/3/2014 $123,560.36

284204 7/3/2014 $3,300.00

010376 6/27/2014 $8,415.00

010377 6/27/2014 $7,407.10

283789 MULTIPLE $61,403.00

284432 7/11/2014 $11,636.52

283796 MULTIPLE $55,398.01

283799 6/20/2014 $28,788.00

284436 7/11/2014 $2,800.00

284023 6/27/2014 $10,000.00

010358 MULTIPLE $33,677.05

284439 7/11/2014 $178,604.27

284025 6/27/2014 $2,600.00

284027 6/27/2014 $6,814.41

284028 MULTIPLE $19,040.00

284037 MULTIPLE $5,560.00

283804 6/20/2014 $102,159.56

284222 7/3/2014 $23,953.61

ELEGANT FOODS LLC

ELLINGSON PRO CLEAN INC

EMMONS BUSINESS INTERIORS

EMPLOYEE BENEFITS CORP

EQUITABLE

EXPRESS INSULATION INC

FANCY FLOORS

FASTENAL CO

FIDELITY RETIREMENT SERVICES

FIGUEROA,MARIA

FIGUEROA,RAMON

FINISHMASTER INC

FISHER SCIENTIFIC

FITNESS EQUIPMENT SPECIALIST

FORWARD ELECTRIC INC

GENERAL HEATING AND AIR CONDITIONING INC

GENNA,IGNAZIO EDWARD

GLOBAL TECHNOLOGIES

GODFREY AND KAHN

GRAINGER INC

GREAT WEST

GROUP HEALTH COOPERATIVE OF SOUTH

GUSTAVE A LARSON CO

H AND H INDUSTRIES INC

HALDEMAN HOMME INC

HEIGL TECHNOLOGIES INC

HENRICKSEN AND COMPANY INC

HIRING AND STAFF SERVICES INC

HOMETOWN NEWS LP

HYDRO FLO PRODUCTS INC

INTEGRYS ENERGY SERVICES

IWM CORP

J H FINDORFF AND SON INC

KATHY GERMANN CONSULTING LLC

KEY COMMERCIAL REAL ESTATE LLC

KEYENCE CORP OF AMERICA

KFORCE INC

LAKESHORE TECHNICAL COLLEGE

LAMERS BUS LINES

LEWER AGENCY INC

LIVESEY PAINTING INC

M3 INSURANCE SOLUTIONS INC

MADISON COLLEGE FOUNDATION

MADISON GAS AND ELECTRIC CO

MAGNA PUBLICATIONS INC

MAILFINANCE

MANAGED STAFFING INC

MASS MUTUAL

MBS

MCALLEN PROPERTIES LLC

28

284223 7/3/2014 $19,475.00

284045 MULTIPLE $8,880.00

284050 6/27/2014 $3,054.94

284231 7/3/2014 $3,079.48

283814 6/20/2014 $4,423.24

284467 7/11/2014 $3,693.00

010386 6/27/2014 $3,000.00

283818 6/20/2014 $4,327.25

284471 7/11/2014 $5,697.00

010359 6/20/2014 $9,230.60

283820 6/20/2014 $7,008.61

010464 7/11/2014 $8,000.00

284479 7/11/2014 $5,053.00

010360 MULTIPLE $74,671.50

010425 7/3/2014 $7,848.36

010388 6/27/2014 $7,475.00

283825 6/20/2014 $7,831.91

010427 7/3/2014 $9,125.00

283832 6/20/2014 $46,140.00

284066 6/27/2014 $3,000.00

010389 6/27/2014 $3,425.00

284488 7/11/2014 $22,300.00

284069 6/27/2014 $4,557.70

010429 7/3/2014 $38,800.00

284242 7/3/2014 $2,534.10

284072 6/27/2014 $2,545.00

284494 7/11/2014 $7,393.73

283840 6/20/2014 $2,937.68

010431 7/3/2014 $8,500.00

284513 7/11/2014 $4,700.00

010391 MULTIPLE $38,512.00

284248 7/3/2014 $6,856.00

283847 MULTIPLE $34,600.00

284256 7/3/2014 $5,799.82

284093 6/27/2014 $12,897.50

284094 6/27/2014 $17,600.00

284259 MULTIPLE $25,036.76

284096 MULTIPLE $9,224.00

010393 MULTIPLE $78,799.75

010363 MULTIPLE $68,911.00

283855 6/20/2014 $35,400.00

010434 7/3/2014 $9,375.70

284101 6/27/2014 $7,767.88

010395 6/27/2014 $35,529.06

284264 7/3/2014 $5,600.00

283857 6/20/2014 $9,550.20

284269 7/3/2014 $4,800.00

284551 7/11/2014 $20,000.00

010400 MULTIPLE $114,677.68

284107 MULTIPLE $5,480.00

MEDIA MIX

METROPOLITAN LIFE INSURANCE CO

MONONA PLUMBING AND FIRE PROTECTION

MOWERY HEFFERNAN,JEANETTE

MPS SERVICES

MSC INDUSTRIAL SUPPLY CO

MULTIVIEW INC

NEI TURNER MEDIA GROUP INC

NEU TOOL AND SUPPLY CORP

NEWARK ELEMENT14

OAKS GOLF COURSE

OMNILERT

OPTUMINSIGHT INC

ORACULAR IS LLC

PANASONIC HEALTHCARE CORP OF

PARAGON DEVELOPMENT SYSTEMS

PEARSON EDUCATION INC

PEARSON VUE

QNOMY INC

QSO LLC

QUALITY GROUP INC

QUALITY MATTERS PROGRAM

RDG PLANNING AND DESIGN

REACHLOCAL INC

REEDSBURG UTILITY COMMISSION

RESPONDUS

RHYME BUSINESS PRODUCTS

SCHILLING SUPPLY CO

SIMPLEXGRINNELL LP

SIRSIDYNIX

SMART SOLUTIONS

SMARTER SERVICES LLC

STALKER SPORTS FLOORS

STEFANS SOCCER SUPPLY INC

SUNDIAL SOFTWARE CORP

SUNPLUS DATA GROUP INC

SYSCO FOOD SERVICES OF BARABOO

T ROWE PRICE

TARGET COMMERCIAL INTERIORS

TEAMSOFT

TEKCOLLECT

TIMES PUBLISHING CO

TRANE US INC

TRIANGLE SERVICES INC

TURIS SYSTEMS LLC

TWEEDEE MEDIA INC

UNIV OF WI

US POSTMASTER

UW CREDIT UNION

VALIC

29

010475 7/11/2014 $9,374.17

284109 MULTIPLE $45,380.61

284559 7/11/2014 $4,298.65

284112 6/27/2014 $3,000.00

010403 6/27/2014 $3,232.15

284566 7/11/2014 $5,479.68

284115 MULTIPLE $9,863.28

283873 6/20/2014 $8,541.40

283874 6/20/2014 $12,640.00

284120 6/27/2014 $14,433.37

010408 6/30/2014 $1,031,145.76

283875 6/20/2014 $3,011.91

010365 6/20/2014 $3,442.50

284578 7/11/2014 $3,074.64

283876 6/20/2014 $5,000.00

010479 7/11/2014 $498,460.76

010407 6/27/2014 $4,750.00

284293 MULTIPLE $15,400.00

284294 7/3/2014 $9,940.22

TOTAL 5,724,583.36$

VANGUARD COMPUTERS INC

VANGUARD GROUP

VEOLIA ES SOLID WASTE MIDWEST LLC

VISION DATABASE SYSTEMS

VISION INSURANCE PLAN OF AMERICA INC

WALLESER,DIANE

WASTE MANAGEMENT

WERNER ELECTRIC SUPPLY

WI DEPT OF TRANSPORTATION

WI DEPT OF WORKFORCE DEVELOPMENT

WI PHYSICIANS SERVICE INSURANCE CORP

WIEDENBECK INC

XEROX CORP

WILSON,JANINE

WISCONSIN CUTLERY AND KITCHEN SUPPLY LLC

WKOW

WORKDAY INC

WYSER ENGINEERING LLC

X PER TS PRINTWEAR INC

30

Madison College

SCHEDULE OF CHECKS ISSUED FOR THE PERIOD 06/16/14-06/30/14

FY 2013-14

Number

Month Check Numbers Used Issued Amount ACCOUNTS PAYABLE CHECKS – (General Ledger) Balance 272810 - 283708 10,899 $ 54,937,181.24 Jun 16, 2014-Jun 30, 2014 283709 - 284129 421 $ 1,110,521.10

Total to Date 11,320 $ 56,047,702.34

ACCOUNTS PAYABLE ACH TRANSFERS – (General Ledger) Balance 008938 - 010340 1,454 $ 31,080,285.63 Jun 16, 2014-Jun 30, 2014 010341 - 010408 68 $ 1,813,471.80 Jun 16, 2014-Jun 30, 2014-Dental 2 $ 55,680.72

Total to Date 1,524 $ 32,949,438.15

STUDENT REFUND CHECKS Balance 503371 - 517419 14,049 $ 38,343,612.25 Jun 16, 2014-Jun 30, 2014 517420 - 517710 291 $ 138,091.34 Jun 16, 2014-Jun 30, 2014 E-Refunds $ 168,889.66

Total to Date 14,340 $ 38,650,593.25

PURCHASING CARD TOTAL $ 205,415.64 ELECTRONIC SALES TAX TOTAL *May 2014 $ 10,723.81 PAYROLL Balance 100820- 101185 361 $300,164.26 Electronic Transfer 637473- 695787 53,895 $60,838,059.15 Jun 16, 2014-Jun 30, 2014 101186- 101194 11 $4,873.15 Electronic Transfer 689903- 698713 1,896 $2,468,754.37 56,163 $63,611,850.93 The gross pay from June 16, 2014 to June 30, 2014 was $3,887,914.70

31

MADISON AREA TECHNICAL COLLEGE DISTRICT 38.14 Contract Estimated Full Cost Recovery ReportFY 13-14, for the period of April - June 2014August 13, 2014 District Board Meeting

A B C DType Estimated Estimated

Contract Service Recipient of Service Description Contract Direct Direct & Indirect Profit (or) Loss Rationale for (-) onlyNo Service Amount Cost Cost (A-C)

2014-0017 Village of Plain 2.21 Management of Plain Green TTEC facility $5,406.65 $6,095.05 $7,543.84 -$2,137.19Contract pricing approved by T Webb-strategic support of community outreach

2014-0024 Bobcat 1.41 Tier 4 Bobcat Engine Intro & Overview $1,800.00 $1,073.94 $1,423.61 $376.392014-0025 Bobcat 1.41 Tier 4 Bobcat Engine Intro & Overview $1,800.00 $1,073.94 $1,423.61 $376.392014-0028 UW Madison College of Agriculture & Life 1.35 Welding Short Course $7,200.00 $5,246.41 $6,348.17 $851.832014-0030 Wisconsin Hospital Association 2.41 Two Newsletter Writing Classes $1,800.00 $885.87 $1,092.70 $707.302014-0031 International Business College 2.63 Study Abroad in Madison Program - Fall 2013 $25,422.00 $19,621.66 $20,885.19 $4,536.812014-0061 Department of Workforce Development 2.35 MS 2010 Excel - Levels 3 & 4 customized $1,500.00 $633.32 $771.84 $728.162014-0069 Dane County School to Career Program 1.42 Youth Apprenticeship Intro to Phlebotomy $4,291.20 $4,291.20 $4,291.20 $0.00 Even exchange - fees for instructional cost2014-0076 Madison Metropolitan School District 1.18 Guiding Children's Behavior $5,531.81 $4,066.52 $5,033.13 $498.682014-0081 Columbia County 1.25 Leadership Development Program 2014-Phase I $12,200.00 $8,001.91 $8,535.51 $3,664.492014-0084 Department of Workforce Development 2.35 MS 2010 Excel - Levels 3 & 4 customized $2,025.00 $922.89 $1,123.85 $901.152014-0085 WI Dept of Administration 2.31 MS Outlook 2010 $2,025.00 $995.21 $1,202.98 $822.022014-0087 Multiple Recipient 1.41 Intermediate Electricity for Industrial Maintenance $6,000.00 $3,052.51 $3,744.11 $2,255.892014-0097 Workforce Development Board of South Central 1.42 Basic Computer Skills Bootcamp $3,000.00 $1,483.02 $1,920.12 $1,079.882014-0098 Journey Mental Health Center of Dane County 2.41 Mac MS 2011 Level 1 Training: Word, Excel, Ppt $2,700.00 $1,233.44 $1,584.26 $1,115.742014-0099 City of Madison 1.21 Fearless Facilitation - How to Lead Effective Meetings $832.50 $480.70 $574.99 $257.512014-0100 City of Madison 1.21 A.C.E. It! How to Solve Tough Workplace Problems $555.00 $331.46 $398.22 $156.782014-0101 MPI 2.41 SPC Refresher $2,850.00 $692.98 $821.76 $2,028.242014-0102 County-City Credit Union 2.41 Tips and Tricks in MS Word 2010 and MS Excel $400.00 $147.61 $195.67 $204.332014-0103 Madison-Kipp 2.41 Development and Delivery of Gauging I Classes $9,780.00 $3,787.47 $4,687.75 $5,092.252014-0104 City of Madison 1.21 How to Handle Difficult & Unruly People $635.00 $336.46 $403.22 $231.782014-0105 CL&D Graphics 2.41 5 Why Analysis $1,100.00 $542.36 $637.95 $462.052014-0106 Multiple Recipient 1.41 Robotics for Industrial Automation Level 3 $4,455.00 $2,320.35 $2,734.58 $1,720.422014-0107 Seneca Foods Inc - Cambria 1.41 Machine Shop Safety $3,000.00 $1,699.53 $2,036.38 $963.622014-0108 International Business College 2.63 Deposit - Study Abroad in Madison Program - Fall 2014 $8,133.75 $7,343.65 $7,958.38 $175.372014-0109 Wisconsin Hospital Association 2.41 Newsletter Writing $550.00 $243.63 $300.71 $249.292014-0110 City of Madison 1.21 Worksmart: How to Get Along, Get Ahead and Get Noticed $647.50 $340.23 $414.54 $232.962014-0111 Wisconsin Dept of Employee Trust Funds 2.35 MS Project - June 2014 $1,450.00 $685.45 $840.09 $609.912014-0112 Unity Health Plans Insurance Company 2.41 Leadership Academy - Cohort 1 (Executives) Summer 2014 $9,000.00 $5,373.66 $6,196.17 $2,803.832014-0115 Alsum Farms & Produce Inc 2.41 Introduction to Leadership $2,250.00 $1,107.23 $1,346.19 $903.81

128,340.41$ 84,109.66$ 96,470.72$ 31,869.69$ Type of Service:

1.xx Customized Instruction2.xx Technical Assistancex.11 Public Education Inst./K-12x.15 Multiple Educationalx.16 Public Education Inst./K-12 - Transcripted Creditx.18 Public Education Inst./PSx.19 Private Education Inst.x.21 WI Local Government Unitx.22 Indian Tribal Governmentsx.23 Economic Development Corpx.24 County Boards of Supervisorsx.25 Multiple Local Government Unitsx.31 State of Wisconsinx.32 WI Department of Correctionsx.33 WI Div. of Vocat. Rehabx.35 Multiple State Governmentx.41 Business and Industryx.42 Community Based Organizationsx.43 Workplace Education Initiativesx.44 WMEP Related Contractsx.45 Multiple Business & Industryx.46 Adv Manufacturing Solutionsx.47 Workforce Advancement Training Grantsx.51 Federal Governmentsx.55 Multiple Federal Governments Unitsx.61 Foreign Governmentsx.62 State Other Than WIx.63 Out of State Businessesx.65 Multiple Out of State Entities

32

August 2014

THE PRESIDENT RECOMMENDS APPROVAL OF THE EMPLOYMENT OF PERSONNEL

Name Timothy Bergman Title Senior Financial Accountant Start Date July 21, 2014 Salary $70,251/annual Type Administration PT/FT FT Location Tec1 Building Degree Associates – Accounting/Data Processing

Bachelors – Accounting/Management Where Madison Business College

Upper Iowa University License CPA Certifications Experience 19+ years Financial Reporting Analyst/Accountant

7+ years Senior Accountant Name Souleevanh Thao Title Senior Advisor Start Date July 28, 2014 Salary $29.93/hour Type PSRP PT/FT PT Location Portage Campus Degree Bachelors – Asian Studies

Masters – Educational Leadership & Policy Analysis Where UW – Madison License Certifications Experience 1+ years Careers Development Specialist Assistant

3+ years Office Lead 2+ years Research Assistant 3+ years Hmong Facilitator/Translator

33

August 2014

Name Allison Batterman Title Senior Advisor Start Date July 28, 2014 Salary $29.93/hour Type PSRP PT/FT PT Location Fort Atkinson Campus Degree Bachelors – Marketing & Human Resources Management Where UW – Oshkosh License Certifications Experience 2+ years EDA Training Liaison at Madison College

9+ years Marketing Specialist/Manager 8+ years Freelance Marketing (self-employed)

Name Linda Pruss Title Chief Information Security Officer Start Date July 29, 2014 Salary $109,484/annual Type Administration PT/FT FT Location Truax Campus Degree Bachelors – Applied Computer Science

Bachelors – Accounting Masters – Business Administration

Where Illinois State University University of Illinois – Champaign

License Certifications Certified Information Systems Security Professional (CISSP) Certification Experience 24+ years Senior Information Security Engineer

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August 2014

THE PRESIDENT RECOMMENDS APPROVAL OF RESIGNATIONS AND SEPARATIONS EMPLOYEE POSITION EFFECTIVE DATE Roland Jackson Senior Advisor July 8, 2014 Sarah Yang Senior Advisor July 8, 2014 Heather Liddicoat Administrative Specialist July 11, 2014 Andrew Wood PT Food Service Assistant July 14, 2014 Sally Stuhr-Hollman PT Instructional Laboratory Planner July 21, 2014 David Marburger Food Service Associate July 25, 2014 Lanny Zimmerman Holley PT Food Service Associate July 28, 2014

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August 2014

THE PRESIDENT RECOMMENDS APPROVAL OF RETIREMENTS

EFFECTIVE YEARS OF EMPLOYEE POSITION DATE SERVICE Dennis Michaelis Shipping & Receiving Specialist July 7, 2014 31 David Vandre-Blewett Sr. HVAC Maintenance Mechanic July 7, 2014 28 Jay Shomberg Maintenance Mechanic July 7, 2014 26 Paul Morschauser Diesel Instructor July 30, 2014 22 Brian Nesbit Benefits and Payroll Analyst July 30, 2014 20 Garilyn Truttschel Criminal Justice Instructor July 31, 2014 22

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MADISON AREA TECHNICAL COLLEGE DATE: August 13, 2014 TOPIC: International Travel – Genomic Approaches to Bioscience Workshop

Collaborative (Universidad del Turabo, Puerto Rico) PARTICIPANTS: Thomas Tubon, Biotechnology Instructor TRAVEL DATES: June 22-28, 2014 PURPOSE: Co-Lead Workshop Instructor for the National Science Foundation Project in

Genomic Approaches to Bioscience at the Universidad del Turabo, Puerto Rico TOTAL ATENDEES: 1 COST: No Cost to District CONTACT: Terry Webb, Provost, 608/246-6270 Geoff Bradshaw, International Education Director, 608/246-6165 ISSUE: Thomas Tubon, Principal Investigator and Project Director for Madison College’s NSF-funded project in Stem Cell Technologies, and Co-Principal for the National Science Foundation-funded Genomics in Biosciences Project grant, is seeking permission to travel to Turabo, Puerto Rico, to serve as co-lead and workshop instructor for a six-day educator-workshop collaborative. The National Science Foundation will pay for all travel, lodging, and meals for Dr. Tubon’s participation. As a representative of Madison College, Dr. Tubon was selected as one of twelve community and technical college instructors nationwide to coordinate and teach NSF-supported educator workshops in Genomic Sciences in 2011. Of the original twelve colleges, three were identified and selected (Madison College, Bluegrass Technical and Community College, and the Universidad del Turabo) to lead the next-generation workshops in Genomic Sciences, incorporating academic programming that leverages specific institutional strengths: Stem Cell Technologies (Madison College) and Bio-Prospecting (Universidad del Turabo, Puerto Rico). Dr. Tubon will co-teach this workshop along with Dr. José R. Pérez Jiménez, Director of the Interdisciplinary Research Institute at Universidad del Turabo, Puerto Rico. The goal of this project is to develop an international learning community of technical educators in the emerging field of Genomic Technologies. The educator workshop in Puerto Rico will include instructional materials in genetic profiling created by Dr. Tubon as part of the Stem Cell Education Grant awarded to Madison College. The National Science Foundation anticipates reciprocation from host institutions, with Dr. Pérez Jiménez scheduled to co-teach a workshop in Madison College in July 2014. Travel is scheduled during the summer recess, and no program courses will be missed as a result of this event. The Dean of Arts and Sciences, Denise Reimer, is in full support of this assignment and the related travel. Prior travel related to this same program occurred January 5-11, 2014, and March 27-30, 2014. RECOMMENDATION: The President recommends approval of this international travel.

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8-13-14.Agenda7-14-14.MinutesEmployment of personnel III B 4 e

TIFRepresentativesBorrow.AwardingSaleAwarding Sale Prom Note 2014-15A_13August2014Resolution 2014-15A BorrowATTEST:EXHIBIT AEXHIBIT BBid TabulationEXHIBIT CWinning BidEXHIBIT D-1EXHIBIT D-2

VendorPaymentsChecksIssuedFY 2013-14Balance 272810 - 283708 10,899 $ 54,937,181.24Balance 008938 - 010340 1,454 $ 31,080,285.63Jun 16, 2014-Jun 30, 2014010341 - 010408 68 $ 1,813,471.80Jun 16, 2014-Jun 30, 2014-Dental 2 $ 55,680.72Balance 503371 - 517419 14,049 $ 38,343,612.25Jun 16, 2014-Jun 30, 2014 517420 - 517710 291 $ 138,091.34PAYROLLBalance 100820- 101185 361 $300,164.26Electronic Transfer 637473- 695787 53,895 $60,838,059.15

Jun 16, 2014-Jun 30, 2014 101186- 101194 11 $4,873.15Electronic Transfer 689903- 698713 1,896 $2,468,754.37

56,163 $63,611,850.93The gross pay from June 16, 2014 to June 30, 2014 was $3,887,914.70

ContractsEmployment