Financial Overview

Oakton’s Facilities Master Plan projects project costs of $68.5 million, with the majority of the budget (76.6 percent) allocated to support student success.

Facilities Plan Project Costs:

Science and Health Career Building 

$39 million

Infrastructure 

$17 million

Student-Related Remodeling 

$3.7 million

Classroom Upgrades 

$3.5 million

Enrollment Center at the Des Plaines Campus 

$3.4 million

Student Center/Gathering Space 

$1.9 million

Total Projected Costs 

$68.5 million

 

Sources of Funding:

General Obligation Bonds

$40 million

Reserve/Fund Balance 

$20 million

Accumulated Student Reserves

$3 million

Private Grants/Foundation Capital Campaign 

$2.5 million

State Grants 

$2 million

Federal Grants 

$1 million

Total Funding Required 

$68.5 million