Proposed FY2010 Budget

Northeast Wisconsin Technical College

Board of Trustees

April 15, 2009

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March April

Total Projects $25K & Greater $6,869,619 $6,869,619

Total Projects Under $25K 1,459,009 1,459,009

Total Capital Expenditures $8,328,628 $8,328,628

Bookstore $20,000 $20,000

Student Fees (motorcycle program) 40,000

Interest Revenue 30,231 30,231

Equipment Sales 30,000 30,000

Capital Contingency 133,037 143,037

Grant Funding 165,360 165,360

Debt Proceeds7,950,000 7,900,000

Total Capital Revenue $8,328,628 $8,328,628

FY 2010 Capital Budget

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FY 2010 Budget ProposalTax Levy and Fund Balances

FY 2008 FY 2009 FY 2010 % Change

Actual Modified Budget Budget 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%

Total Levy before TIF with FICA Alt. savings 52,532,122 55,022,548 56,620,403 2.90%

Ashwaubenon TIF#2 * 577,742 614,789 614,789  

Total Levy 53,109,864 55,637,337 57,235,192 2.87%

Total Levy before TIF without FICA Alt. savings 56,840,403 3.30%

Equalized Value (000) 35,894,768,860 37,167,200,122 37,538,872,123 1.00%

Operating Mill Rate 1.04968 1.05284 1.09472 3.98%

Debt Mill Rate 0.41382 0.42757 0.42997 0.56%

Total Mill Rate 1.46350 1.48041 1.52469 2.99%

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

Total Fund Balance - Beginning 15,837,510 16,411,980 16,249,980

Revenues over (under) expenditures 514,618 (309,534) (552,558)

Transfers from other funds 59,852 147,534 390,558

Transfers to other funds - - (476,855)

Rev/Transfers over (under) expenditures 574,470 (162,000) (638,855)

General Fund Balance - Ending 16,411,980 16,249,980 15,611,125

Total General Fund Expenditures 71,969,146

Unreserved Fund Balance as a % of Expenditures 18.9%Total Reserved and Unreserved Fund Balance as a % of Expenditures 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 FY 2009 FY 2010 % ChangeActual Modified Budget Budget 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%

Total Levy before TIF 52,532,122 55,022,548 56,840,403 3.30%

Ashwaubenon TIF#2 * 577,742 614,789 614,789  

Total Levy 53,109,864 55,637,337 57,455,192 3.27%

Equalized Value (000) 35,894,768,860 37,167,200,122 37,538,872,123 1.00%

Operating Mill Rate 1.04968 1.05284 1.10058 4.53%

Debt Mill Rate 0.41382 0.42757 0.42997 0.56%

Total Mill Rate 1.46350 1.48041 1.53055 3.39%

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

Total Fund Balance - Beginning 15,837,510 16,411,980 16,249,980

Revenues over (under) expenditures 514,618 (309,534) (552,558)

Transfers from other funds 59,852 147,534 390,558

Transfers to other funds - - (476,855)

Rev/Transfers over (under) expenditures 574,470 (162,000) (638,855)

General Fund Balance - Ending 16,411,980 16,249,980 15,611,125

Total General Fund Expenditures 72,189,146

Unreserved Fund Balance as a % of Expenditures 18.9%Total Reserved and Unreserved Fund Balance as a % of Expenditures 22.5%

* FY2008 and FY2009 Levy went to the TIF district, FY2010 Levy will come to NWTC.

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FY 2010 Budget ProposalExpenditures

MajorFY 2008 FY 2009 FY 2010 Differences %Actual Modified Budget ($000,000) Change

Budget FY10 vs FY09

Expenditures:

General FundPersonnel 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%

Travel/Professional Development 734,666 838,739 793,534 (0.0) -5.4%

Institutional/Operational 1,285,210 1,678,829 1,588,842 (0.1) -5.4%

General Fund Expense 65,081,161 68,570,349 71,969,146 3.4 5.0%

Other FundsRestricted Rev-State/Fed Project 3,513,130 4,402,695 3,710,545 -0.7 -15.7%

Restricted Rev-Corp. Training & Econ. Devel. 4,354,758 5,423,306 5,889,785 0.5 8.6%

Restricted Rev-Alternative High School 522,215 737,361 334,398 -0.4 -54.6%

Capital Projects/Equipment/New Dev Cap 7,415,694 9,506,063 8,308,628 -1.2 -12.6%

Debt Service 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%

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FY 2010 Budget ProposalRevenues

MajorFY 2008 FY 2009 FY 2010 Differences %Actual Modified Budget ($000,000) Change

Budget FY10 vs FY09

Revenues:

General FundLocal 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 243,974 250,000 250,000 - 0.0%

State Aid 11,305,025 11,430,000 11,219,600 (0.2) -1.8%

Federal - - - - -

Tuition & Fees 16,524,920 18,057,939 19,550,044 1.5 8.3%

Institutional Sales/Other 1,070,437 676,672 715,213 0.0 5.7%

General Fund Revenues 65,595,779 68,260,815 71,416,588 3.2 4.6%

Other FundsLocal Taxes-Other Funds 1,394,845 1,384,899 1,512,827 0.1 9.2%

Local Tax - Debt Service 14,854,059 15,891,445 16,140,634 0.2 1.6%

Restricted Rev-State/Fed Projects 2,483,945 3,406,267 2,634,937 (0.8) -22.6%Restricted Rev-Corp. Training & Econ. Devel. 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 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%

Loan Proceeds 5,315,000 8,460,000 7,900,000 (0.6) -6.6%

Total All Fund Resources 117,652,843 128,669,322 132,020,782 3.4 2.6%

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Operating Tax Levy Changes from March Budget Draft

Operating Tax Levy – March Draft $40,409,681

Increases/(Decreases) to Tax Levy• Continued support from Northcentral Technical College

for the shared Diagnostic Medical Sonography program

(40,000)• WTCS State grants recommended award vs. original application

101,950• Faculty wages for Extra Section Pool

528,000• Student tuition and fees

(528,000)• Tuition decreased from $102 per credit to $101.40

97,387• 5.1% increase vs. 4.5%

• NUP wages from 3.5% to flat dollar amount

(96,516)• Other budget refinement

7,267

Total Changes 70,088

Operating Tax Levy – April $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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Thank YouQuestions and Comments