Tag Archives: November 1

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Educational Settlement Finance

Giovanni Paolo Panini, An architectural capriccio with figures among Roman ruins

The post-pandemic #WiseCampus transformation requires significant capital to meet the sustainability goals of its leadership.  Campuses are cities-within-cities and are, to a fair degree, financed in a similar fashion.  Tax-free bonds are an effective instrument for school districts, colleges and universities — and the host community in which they are nested — for raising capital for infrastructure projects while also providing investors with, say $10,000 to $100,000, to allocate toward a tax-free dividend income stream that produces a return in the range of 2 to 8 percent annually.

An aging population may be receptive to investment opportunities that protect their retirement savings from taxation.

Once a month, we walk through the prospectuses of one or two bond offerings of school districts, colleges and universities and examine offering specifics regarding infrastructure construction, operations and maintenance.  We pay particular attention to details regarding “continuing operations”. Somehow the education industry has to pay for its green agenda.  See our CALENDAR for the next Finance colloquium; open to everyone.

The interactive map provided by Electronic Municipal Market Access identifies state-by-state listings of tax-free bonds that contribute to the construction and operation of education facilities; some of which involved university-affiliated medical research and healthcare delivery enterprises.

CLICK ON IMAGE FOR INTERACTIVE MAP

 

If you need help cutting through this list please feel free to click in any day at 11 AM Eastern time.  Use the login credentials at the upper right of our hope page.  We collaborate with subject matter experts at Municipal Analytics and UBS.

Issue: [Various]

Category: Administration & Management, Finance, #SmartCampus

Colleagues: Mike Anthony, John Kaczor, Liberty Ziegahn

*We see the pandemic as a driver for a step-reduction in cost in all dimensions of education communities.  We coined the term with a hashtag about two years ago.

*College and university infrastructure projects are classified with public school districts under the rubric “municipal bonds” at the moment.  CLICK HERE for more information.

 


More:

Duke Law Review:  Don’t ‘Screw Joe the Plummer’: The Sausage-Making of Financial Reform

An Expanded Study of School Bond Elections in Michigan

Refrigeration Systems: Cadaver Preservation

Although specific temperature settings vary, gross anatomy labs are commonly kept at temperatures ranging from 55°F to 65°F (approximately 13°C to 18°C). This range balances the need for specimen preservation and the comfort and safety of individuals working in the lab. The 2022 Edition is widely incorporated by reference into public safety law; design, construction, maintenance operations best practice for laboratory health care occupancies.

ASHRAE 15 Safety Standard for Refrigeration Systems

Purpose:  This standard specifies safe design, construction, installation and operation of refrigeration systems.  It not apply to refrigeration systems using ammonia (R-717) as the refrigerant.

Scope: This standard establishes safeguards for life, limb, health, and property and prescribes safety requirements:

  • Design, construction, test, installation, operation, and inspection of mechanical and absorption refrigeration systems, including heat pump systems used in stationary applications;
  • Modifications including replacement of parts or components if they are not identical in function and capacity; and substitutions of refrigerant having a different designation.

ASHRAE Public Review Drafts

This standard provides safety requirements for refrigeration systems, which are often used in cadaver storage facilities to maintain appropriate temperatures. It includes guidelines on system design, installation, operation, and maintenance to ensure safe and reliable performance.  Student gross anatomy labs are typically kept at lower temperatures. Maintaining a cooler environment in these labs is important for several reasons:

  1. Preservation of Specimens: Lower temperatures help preserve cadavers and anatomical specimens by slowing down the decomposition process. This is crucial for maintaining the quality and usability of the specimens over extended periods.
  2. Control of Odors: Cooler temperatures can help minimize the release of odors from the preservation chemicals used, such as formaldehyde, which can be unpleasant and potentially harmful in higher concentrations.
  3. Health and Safety: Maintaining a lower temperature can reduce the volatilization of formaldehyde and other chemicals, thereby lowering the concentration of potentially harmful vapors in the air. This contributes to a safer environment for students and faculty.
  4. Comfort during Lab Sessions: Students and instructors often wear protective clothing, including lab coats and gloves, which can be uncomfortable in warmer environments. A cooler lab helps ensure comfort during extended periods of study and dissection.

While the specific temperature settings can vary, gross anatomy labs are commonly kept at temperatures ranging from 55°F to 65°F (approximately 13°C to 18°C). This range balances the need for specimen preservation and the comfort and safety of individuals working in the lab.

University of Michigan Mechanical Design Guidelines and General Specifications

Abiit sed non oblitus | Michigan

One-hundred-twenty-five years ago, hardy and hard-working Finnish Lutheran immigrants founded a school in Michigan’s Upper Peninsula. Their lives were marked by a gritty quality captured in the Finnish term, sisu – grit and perseverance in the face of adversity.  Citing financial difficulties related to demographic changes, the Board of Trustees announced that the Class of 2023 was Finlandia’s final graduating class.

“The Board of Trustees and University President Timothy Pinnow stated the extremely difficult decision is the result of an intensive analysis of Finlandia’s operations after exploring all potentially feasible strategic alternatives, including the rigorous search for new partnerships and reorganization of the institution’s finances. With financial challenges impacting liberal arts colleges throughout the country, Finlandia is no exception….

The combination of demographic changes, with fewer high school graduates available, a steep decrease in interest in going to college among those graduates, a dwindling endowment, and an unbearable debt load have made Finlandia no longer viable…

…Finlandia University has finalized eight Teach-Out Agreements with Adrian College, Bay College, Michigan Technological University, Northeast Wisconsin Technical College, Northern Michigan University, University of Dubuque, Waldorf University, and Wartburg College. Several non-partnering institutions have also made commitments to supporting FinnU students in incredible ways…”

Board of Trustees vote to dissolve University wind up affairs in orderly manner

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Abiit sed non oblitus | Wisconsin

A message from Stritch President Dr. Dan Scholz

“Saint Francis with the Animals” 17th Century / Lambert de Hondt

Standards Wisconsin

Día de los Muertos

Día de los Muertos, also known as the Day of the Dead, is celebrated primarily on November 1st and 2nd. These dates coincide with the Catholic holidays of All Saints’ Day (November 1st) and All Souls’ Day (November 2nd). The celebration is most strongly associated with Mexico but is also observed in other Latin American countries and among Hispanic communities in the United States and elsewhere.

It is a time for families to come together to celebrate the lives of those who have passed away. Altars, or ofrendas, are typically set up with offerings that can include food, marigold flowers, candles, sugar skulls, photographs of the deceased, and other items with personal significance. These ofrendas are often displayed at homes, in cemeteries, and in public places.

While Día de los Muertos is a multi-day celebration, the specific customs and traditions can vary by region and community. In some places, celebrations begin on October 31st and extend through November 2nd. The holiday is a unique blend of indigenous beliefs and Catholicism, resulting in a colorful and vibrant celebration that focuses on honoring the memory of the deceased rather than mourning their loss.


Abiit sed non oblitus

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Abiit sed non oblitus | New York

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