Transcript Proposed FY2010 Budget Presentation to the Board April 2009

Proposed FY2010 Budget
Northeast Wisconsin Technical College
Board of Trustees
April 15, 2009
FY 2010 Capital Budget
Total Projects $25K & Greater
Total Projects Under $25K
Total Capital Expenditures
Bookstore
Student Fees (motorcycle program)
Interest Revenue
Equipment Sales
Capital Contingency
Grant Funding
Debt Proceeds
Total Capital Revenue
March
$6,869,619
1,459,009
$8,328,628
April
$6,869,619
1,459,009
$8,328,628
$20,000
$20,000
40,000
30,231
30,000
143,037
165,360
7,900,000
$8,328,628
30,231
30,000
133,037
165,360
7,950,000
$8,328,628
2
FY 2010 Budget Proposal
Tax Levy and Fund Balances
FY 2008
Actual
FY 2009
Modified Budget
FY 2010
Budget
% Change
FY10 vs FY09
Tax Levy:
Operating Levy
37,678,063
39,131,103
40,479,769
3.45%
Debt Levy
14,854,059
15,891,445
16,140,634
1.57%
52,532,122
55,022,548
56,620,403
2.90%
Total Levy before TIF with FICA Alt. savings
Ashwaubenon TIF#2 *
Total Levy
577,742
614,789
614,789
53,109,864
55,637,337
57,235,192
2.87%
56,840,403
3.30%
37,538,872,123
1.00%
Total Levy before TIF without FICA Alt. savings
Equalized Value (000)
35,894,768,860
37,167,200,122
Operating Mill Rate
1.04968
1.05284
1.09472
3.98%
Debt Mill Rate
0.41382
0.42757
0.42997
0.56%
1.46350
1.48041
1.52469
2.99%
Total Mill Rate
Changes to Fund Balances:
General Fund Balance - Beginning:
Reserved for other post-employment benefits
1,434,053
1,620,218
Other reserves
1,049,322
1,147,627
1,175,000
Unreserved
13,354,135
13,644,135
13,616,762
15,837,510
16,411,980
16,249,980
Total Fund Balance - Beginning
Revenues over (under) expenditures
Transfers from other funds
Transfers to other funds
Rev/Transfers over (under) expenditures
General Fund Balance - Ending
514,618
(309,534)
59,852
147,534
574,470
16,411,980
Total General Fund Expenditures
Unreserved Fund Balance as a % of Expenditures
Total Reserved and Unreserved Fund Balance as a % of Expenditures
(162,000)
16,249,980
1,458,218
(552,558)
390,558
(476,855)
(638,855)
15,611,125
71,969,146
18.9%
22.6%
* FY2008 and FY2009 Levy went to the TIF district, FY2010 Levy will come to NWTC.
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FY2010 Proposed Tax Levy and Fund Balances
(without FICA Alternative Savings)
FY 2008
Actual
FY 2009
Modified Budget
FY 2010
Budget
% Change
FY10 vs FY09
Tax Levy: Without FICA alternative
Operating Levy
37,678,063
39,131,103
40,699,769
4.01%
Debt Levy
14,854,059
15,891,445
16,140,634
1.57%
52,532,122
55,022,548
56,840,403
3.30%
577,742
614,789
614,789
53,109,864
55,637,337
57,455,192
3.27%
35,894,768,860
37,167,200,122
37,538,872,123
1.00%
Total Levy before TIF
Ashwaubenon TIF#2 *
Total Levy
Equalized Value (000)
Operating Mill Rate
1.04968
1.05284
1.10058
4.53%
Debt Mill Rate
0.41382
0.42757
0.42997
0.56%
1.46350
1.48041
1.53055
3.39%
Total Mill Rate
Changes to Fund Balances:
General Fund Balance - Beginning:
Reserved for other post-employment benefits
1,434,053
1,620,218
1,458,218
Other reserves
1,049,322
1,147,627
1,175,000
Unreserved
13,354,135
13,644,135
13,616,762
15,837,510
16,411,980
16,249,980
Total Fund Balance - Beginning
Revenues over (under) expenditures
Transfers from other funds
514,618
(309,534)
59,852
147,534
Transfers to other funds
Rev/Transfers over (under) expenditures
General Fund Balance - Ending
574,470
16,411,980
Total General Fund Expenditures
Unreserved Fund Balance as a % of Expenditures
Total Reserved and Unreserved Fund Balance as a % of Expenditures
(162,000)
16,249,980
(552,558)
390,558
(476,855)
(638,855)
15,611,125
72,189,146
18.9%
22.5%
* FY2008 and FY2009 Levy went to the TIF district, FY2010 Levy will come to NWTC.
4
FY 2010 Budget Proposal
Expenditures
FY 2008
Actual
FY 2009
Modified
Budget
FY 2010
Budget
Major
Differences
($000,000)
FY10 vs
FY09
%
Change
Expenditures:
General Fund
Personnel
53,855,489
56,339,007
60,060,750
3.7
6.6%
Supplies/Teaching Aids
2,284,271
2,542,260
2,411,866
(0.1)
-5.1%
Purchased Services
3,590,887
3,732,021
3,870,694
0.1
3.7%
Rental & Repair
1,566,980
1,634,145
1,667,899
0.0
2.1%
Utilities
1,763,658
1,805,348
1,575,561
(0.2)
-12.7%
734,666
838,739
793,534
(0.0)
-5.4%
1,285,210
1,678,829
1,588,842
(0.1)
-5.4%
65,081,161
68,570,349
71,969,146
3.4
5.0%
Restricted Rev-State/Fed Project
3,513,130
4,402,695
3,710,545
Restricted Rev-Corp. Training & Econ. Devel.
4,354,758
5,423,306
5,889,785
0.5
8.6%
522,215
737,361
334,398
-0.4
-54.6%
Travel/Professional Development
Institutional/Operational
General Fund Expense
Other Funds
Restricted Rev-Alternative High School
Capital Projects/Equipment/New Dev Cap
Debt Service
-0.7
-15.7%
7,415,694
9,506,063
8,308,628
-1.2
-12.6%
14,746,457
15,925,764
15,574,487
-0.4
-2.2%
Enterprise Expense
4,481,634
5,012,036
5,319,063
0.3
6.1%
Self Insurance Fund Exp
9,944,845
10,407,345
10,728,445
0.3
3.1%
Student Government
806,764
1,019,000
1,095,000
0.1
7.5%
Student Financial Aid
7,578,930
8,529,384
8,960,103
0.4
5.0%
Total Other Fund Expenditures
53,364,427
60,962,954
59,920,454
-1.0
-1.7%
Total All Fund Expenditures
118,445,588
129,533,303
131,889,600
2.4
1.8%
5
FY 2010 Budget Proposal
Revenues
FY 2008
Actual
FY 2009
Modified
Budget
FY 2010
Budget
Major
Differences
($000,000)
FY10 vs
FY09
%
Change
Revenues:
General Fund
Local Taxes/Local Government Payments
52,700,327
55,122,548
57,335,192
2.2
4.0%
Tax to Other Funds
(16,248,904)
(17,276,344)
(17,653,461)
(0.4)
2.2%
State Aid in Lieu of Taxes
State Aid
Federal
Tuition & Fees
Institutional Sales/Other
General Fund Revenues
243,974
250,000
250,000
11,305,025
11,430,000
11,219,600
16,524,920
18,057,939
-
(0.2)
-
0.0%
-1.8%
-
19,550,044
1.5
8.3%
1,070,437
676,672
715,213
0.0
5.7%
65,595,779
68,260,815
71,416,588
3.2
4.6%
9.2%
Other Funds
Local Taxes-Other Funds
1,394,845
1,384,899
1,512,827
0.1
Local Tax - Debt Service
14,854,059
15,891,445
16,140,634
0.2
Restricted Rev-State/Fed Projects
Restricted Rev-Corp. Training & Econ.
Devel.
2,483,945
3,406,267
2,634,937
(0.8)
3,477,290
4,842,256
5,439,350
0.6
12.3%
Restricted Rev-Alternative High School
375,221
646,361
298,832
(0.3)
-53.8%
Capital Projects/Equipment
462,924
416,233
235,591
(0.2)
-43.4%
Debt Service
1.6%
-22.6%
69,813
50,000
30,000
(0.0)
0.0%
Enterprise Revenue
4,805,148
5,184,420
5,658,578
0.5
9.1%
Self Insurance Fund
10,324,768
10,607,345
10,728,445
0.1
1.1%
Student Government
984,411
1,050,000
1,125,000
0.1
7.1%
Student Financial Aid
7,509,640
8,469,281
8,900,000
0.4
5.1%
Total Other Fund Revenues
46,742,064
51,948,507
52,704,194
0.8
1.5%
Total All Revenues
112,337,843
120,209,322
124,120,782
3.9
3.3%
5,315,000
8,460,000
7,900,000
(0.6)
-6.6%
117,652,843
128,669,322
132,020,782
3.4
2.6%
Loan Proceeds
Total All Fund Resources
6
Operating Tax Levy Changes
from March Budget Draft
Operating Tax Levy – March Draft
Increases/(Decreases) to Tax Levy
• Continued support from Northcentral Technical College
for the shared Diagnostic Medical Sonography program
• WTCS State grants recommended award vs. original application
• Faculty wages for Extra Section Pool
• Student tuition and fees
• Tuition decreased from $102 per credit to $101.40
• 5.1% increase vs. 4.5%
• NUP wages from 3.5% to flat dollar amount
• Other budget refinement
Total Changes
Operating Tax Levy – April
$40,409,681
(40,000)
101,950
528,000
(528,000)
97,387
(96,516)
7,267
70,088
$40,479,769
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Extra Section Pool (ESP)
Response to Increased Demand from Dislocated Workers
• Currently the following programs show enough activity
to suggest the need for an additional section:
• Digital Media, Marketing & Graphics, Welding, Electricity,
CNC Technician, Medical Assistant, Health Care Business
Services, Health Information Technology, and HVACR
• Major dislocations often result in additional sections of CNA
and LPN
• Budget includes an allocation of $528,000 in an Extra
Section Pool. Up to six faculty positions and an
academic advisor or other student services position may
be hired as need dictates and revenue supports.
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Questions and Comments
Thank You
9