[Cobo] Stimulus Funds?

[Melissa McMahon]

The use of those funds:
Institutions must use 50 percent of their allotment for direct emergency
aid to students, including but not limited to “grants to students for food,
housing, course materials, technology, health care, and childcare.”
Institutions have fairly broad discretion in how they use remaining funds.
The legislation states that funds can be used to “defray expenses for
institutions of higher education,” which can include supplementing lost
revenue, and technology costs associated with a transition to distance
education. Funds may not be used for endowments, athletic or religious
facilities, or enrollment recruitment contractors. The legislation also
requires that institutions that receive the funding must retain their
current employees to the “maximum extent practicable."


[image: Western Oklahoma State College Logo] <https://www.wosc.edu/>Melissa
McMahon, M.S.
Vice President for Business Affairs
Western Oklahoma State College <https://www.wosc.edu/>
2801 N. Main St.  *|*  Altus, OK 73521
<https://www.google.com/maps/place/Western+Oklahoma+State+College+Main+Building,+Altus,+OK+73521/@34.6694147,-99.3372287,18.87z/data=!3m1!5s0x87ab653a7bb9cc6f:0xd1063be3c99517db!4m5!3m4!1s0x87ab653a7bbd0569:0xc65b112658cc9ef!8m2!3d34.6689441!4d-99.336963>
(580) 477-7725  *|*  Office: A6
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The mission of Western Oklahoma State College is to provide high quality
education, support student success, and empower individuals to become
productive members of local, regional, and global communities.



On Tue, Mar 31, 2020 at 11:52 AM Carpenter, Brenda K. <bcarpenter at occc.edu>
wrote:

> Oklahoma’s colleges start on page 114…
>
>
>
> *From:* Cobo <cobo-bounces at lists.onenet.net> *On Behalf Of *Blanke,
> Raymond
> *Sent:* Tuesday, March 31, 2020 11:40 AM
> *To:* Mike Coponiti <mcoponiti at usao.edu>; Council of Business Officers <
> cobo at lists.onenet.net>; Cobo <cobo-bounces at lists.onenet.net>
> *Subject:* Re: [Cobo] Stimulus Funds?
>
>
>
> Here is a link to an ESTIMATE on what each school might receive from the
> CARES act.  I hope this helps with your planning.  Note:  this simulation
> is based on 2017-2018 IPEDS data so it is good for planning purposes only.
> Final amounts received are to be determined by Dept of Ed, still.
>
>
>
>
> https://www.nasfaa.org/uploads/documents/ACE_Preliminary_Analysis_COVID_Stimulus.pdf
> <https://urldefense.proofpoint.com/v2/url?u=https-3A__www.nasfaa.org_uploads_documents_ACE-5FPreliminary-5FAnalysis-5FCOVID-5FStimulus.pdf&d=DwMFAg&c=ozaQIQjULwvu86-OCdkRYHRNoyiIvjO9RGA_WNqbchA&r=H5FWCB5OC6UjJe_NJrxrousq__wbTjAl-ZzxdQKJQIY&m=WoGlz8gk-nvg5Fu39qhGIyATbBcAbB1wDbNzHUpN3bg&s=DfLlsgLqucrF1fXm_4ijMmh7M8jwFAdxRCIdeu1d_WQ&e=>
>
>
>
> Ray Blanke
>
> Associate Vice President for Fiscal Operations
>
> Rose State College
>
> 6420 SE 15th Street
>
> Midwest City, OK  73110
>
>
>
> (405) 733-7305
>
> rblanke at rose.edu
>
>
>
> *From:* Cobo <cobo-bounces at lists.onenet.net> *On Behalf Of *Mike Coponiti
> *Sent:* Tuesday, March 31, 2020 9:46 AM
> *To:* Council of Business Officers <cobo at lists.onenet.net>; Cobo <
> cobo-bounces at lists.onenet.net>
> *Subject:* [Cobo] Stimulus Funds?
>
>
>
> To All:
>
>
>
> I have started looking at the stimulus bill, does anyone see anything that
> may be available to colleges and universities?  Trying to think
> creatively.  I see were 501(c ) 3 Foundation may have access to the Payroll
> Protection Program if they have employee.
>
>
>
> Thanks for any input.
>
>
>
> Mike ‘Mick’ Coponiti
>
> Vice President for Business and Finance
> <https://urldefense.proofpoint.com/v2/url?u=https-3A__usao.edu_directory_mike-2Dcoponiti.html&d=DwMFAg&c=ozaQIQjULwvu86-OCdkRYHRNoyiIvjO9RGA_WNqbchA&r=H5FWCB5OC6UjJe_NJrxrousq__wbTjAl-ZzxdQKJQIY&m=WoGlz8gk-nvg5Fu39qhGIyATbBcAbB1wDbNzHUpN3bg&s=TZF5VXZ7qDpKIU5KKX4evlk4D7oYw8FSoUD2aaQGU-A&e=>
>
> 1727 West Alabama Ave
>
> Chickasha, OK  73018
>
> 405.574.1333
>
> 405.574.1220 (fax)
>
> [image: cid:94A38C89-770B-4F16-AB2C-ECAF139462C7]
>
>
>
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