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Plan and Budget 2009-10 Build Discover Unite Cultivate Mission To enrich lives and strengthen the economy By preparing a workforce that is skilled, diverse, and flexible. Vision To meet the needs of the future with innovation and excellence. Lakeshore Technical College Table of Contents Introduction to Budget Document The 2009-10 Plan & Budget was compiled to provide information to the public about Lakeshore Technical College and its process to develop and analyze the budget. The document consists of the following sections: 1. Plan & Policy contains an overview of the college and the planning processes used to develop the plan and budget. The process identifies policy, issues, and assumptions used in budget development, budget structure, and the plan. 2. Budget contains the budget analysis, combined budget summary, budget by type of fund, and detailed information on district indebtedness, and staffing. 3. Operations include information by each major system within the college including budget, staffing, goals, and results. 4. Information contains facts about facilities, programs, enrollment trends, graduates, contracts, equalized values and district demographics. 5. The Glossary provides a definition of terms and an acronym reference list. Throughout this document, the terms “College” and “District” are used synonymously to refer to Lakeshore Technical College. 2009-10 Plan & Budget i Lakeshore Technical College Table of Contents Intentionally left blank 2009-10 Plan & Budget ii Lakeshore Technical College Table of Contents Lakeshore Technical College District 1290 North Avenue Cleveland, Wisconsin 53015 920.693.1000 LTC District Board Cindy Huhn Roy Kluss Jerry Voechting Mirta Cabrera Nancy Crowley Jutta Furca James Lehrke John Lukas Joseph Sheehan Chairperson Vice Chairperson Secretary/Treasurer Member Member Member Member Member Member Administration Dr. Michael Lanser Mr. Tom Hilke Dr. Douglas Gossen Ms. Cindy Dross Ms. Kathleen Kotajarvi Ms. Julie Mirecki Ms. Kim Pahl Mr. Peter Thillman Ms. Katy Prange Ms. Foua Hang President Vice President of Instruction Vice President of Instructional Support Director of Financial Services Director of Human Resources Director of Marketing and College Relations Director of Research and Planning Director of Workforce Solutions Director of Development Executive Assistant to the President Official Issuing Report Ms. Kim Pahl Director of Research & Planning Report Prepared By Financial Services Research and Planning Contact Person Ms. Cindy Dross 920.693.1385 2009-10 Plan & Budget iii Lakeshore Technical College Table of Contents Intentionally left blank 2009-10 Plan & Budget iv Lakeshore Technical College Table of Contents Table of Contents Introduction to Budget Document ..................................................................................................... i District Board and Administration ..................................................................................................... iii Table of Contents ............................................................................................................................. v Transmittal Letter ............................................................................................................................ vii Government Finance Officers Association Distinguished Budget Presentation Award ...................ix Plan and Policy Section College Overview ............................................................................................................................. 1 Organizational Chart ........................................................................................................................ 5 Planning Process ............................................................................................................................. 6 Annual Plan and Budget Process .................................................................................................... 7 Issues Affecting the Budget ............................................................................................................. 8 Budget Assumptions ........................................................................................................................ 9 Budget Options .............................................................................................................................. 10 Annual Plan .................................................................................................................................... 11 LTC Board Policy ........................................................................................................................... 13 LTC Board Guidelines .................................................................................................................... 13 LTC Policies ................................................................................................................................. .14 Financial Structure ......................................................................................................................... 16 Budget Section Basis of Budgeting ......................................................................................................................... 21 Combined Fund Summary ............................................................................................................. 22 Combining Budget Summary ......................................................................................................... 23 Revenue Trends Property Tax ............................................................................................................................ 24 State Aids ................................................................................................................................ 27 Student Fees ........................................................................................................................... 27 Institutional Revenue ............................................................................................................... 28 Federal Revenue ..................................................................................................................... 28 Combined Funds Budget Analysis – Resources............................................................................ 29 Expenditure Trends by Fund and Function .................................................................................... 30 Combined Funds Budget Analysis – Expenditures ........................................................................ 31 Budgeted Expenditures by Object Level – All Funds ..................................................................... 32 Reserves and Designations Disclosure ......................................................................................... 33 Estimated Changes in Fund Balance............................................................................................. 34 Pro-Forma Balance Sheet as of June 30, 2009 ............................................................................. 35 Pro-Forma Balance Sheet as of June 30, 2010 ............................................................................. 36 Notes to Pro-Forma Balance Sheet ............................................................................................... 37 Budget Review by Fund ................................................................................................................. 38 General Fund ................................................................................................................................. 39 General Fund – Summary by Division/Department ................................................................. 41 General Fund – Expenditures by Classification ...................................................................... 42 Special Revenue Fund – Operational ............................................................................................ 43 Special Revenue Fund – Operational Workforce Solutions .................................................... 46 Special Revenue Fund – Grants and Projects ........................................................................ 47 Special Revenue Fund – Nonaidable ............................................................................................ 48 Capital Projects Fund ..................................................................................................................... 50 Capital Projects Fund Equipment Budget by Project and Function ........................................ 55 Capital Projects Fund Equipment Detail Listing ...................................................................... 56 Campus Sites – Square Footage ................................................................................................... 57 2009-10 Plan & Budget v Lakeshore Technical College Table of Contents Debt Service Fund ......................................................................................................................... 58 Schedule of Long-Term Obligations ........................................................................................ 60 Combined Schedule of Long-Term Obligations as of July 1, 2009 ......................................... 62 Enterprise Funds ............................................................................................................................ 63 Internal Service Funds ................................................................................................................... 65 Staff Position Summary.................................................................................................................. 67 Operations Section Operating Fund Statement ............................................................................................................. 71 Operating Fund Analysis – Resources .......................................................................................... 72 Operating Fund Analysis – Uses ................................................................................................... 73 Operating Funds Revenues and Expenditure Comparison ........................................................... 74 Personal Services Operating Fund Analysis.................................................................................. 75 College Monitor and Strategic Plan ............................................................................................... 76 2008-09 Mid-Year Accomplishments ............................................................................................. 78 Administrative Functions ................................................................................................................ 81 Instruction ....................................................................................................................................... 85 Instructional Support ...................................................................................................................... 89 Information Section Program Offerings .......................................................................................................................... 93 Accreditations ................................................................................................................................. 95 FTE and Enrollment Historical Trends ........................................................................................... 96 Wisconsin Technical College System Program Tuition Fee Rates................................................ 97 Graduate Follow-up Statistics ........................................................................................................ 98 Workforce Solutions ....................................................................................................................... 99 2009-10 Grants and Project Summary ........................................................................................ 100 Equalized Valuations and Mill Rates............................................................................................ 103 District Demographics .................................................................................................................. 104 Glossary Definition of Terms ....................................................................................................................... 107 Definition of Acronyms ................................................................................................................. 110 2009-10 Plan & Budget vi Lakeshore Technical College Table of Contents LTC’s 2008-09 total budget is $47,433,000, a 6.35 percent increase from 2008-09. This includes capital projects of $5,441,000, up 10.70 percent, for equipment, technology, and buildings and grounds projects and Debt Service expenditures of $4,188,000, down 0.85 percent. This year’s $32,129,000 operating budget is up 6.33 percent over last year. Expenditure increases are a result of the need to add capacity to serve the dislocated workers, provide new training offerings, and increase accessibility to serve students and the community. Capital Projects expand capacity for manufacturing and motorcycle and emergency vehicle operations training. This training will keep local fire, police, and sheriff’s department training local. Additionally, infrastructure replacements with energy efficient equipment, maintenance of grounds, and regular replacement of technology to keep pace with industry standards are planned. The rising costs of benefits also increased expenditures. Total revenues for all funds equal $42,848,000, a 6.90 percent increase from the 2008-09 budget; while operating revenues are at $32,129,000, a 6.57 percent increase. The revenue increase was due to student fees, institutional revenue, and grants. The full-time equivalent (FTE) student growth of 8.6 percent and an increased tuition rate are causing a 17.13 percent increase in student fees. The institutional revenue increase of 13.84 percent is due to contracts that will support dislocated workers. State grants increased by 9.48 percent due to state-funded fiscal agent projects. Federal grants increased 9.50 percent due to the number of awarded grants received to support expansion and new training opportunities. LTC receives 50 percent of its total revenues from local property taxpayers, down 2.38 percent from 2008-09. In 2009, the owner of a $150,000 home will pay $227.42 in taxes to support LTC, which is up $6.56 from 2008 pending final property valuations. The total tax levy is $21,589,000, which is a 2.96 percent increase over last year. The tax rate of $1.52 per thousand dollars of equalized valuation increased 2.96 percent. For the tenth consecutive year, LTC received an international award for its excellence in governmental budgeting. The Government Finance Officers Association of the United States and Canada (GFOA) presented a Distinguished Presentation Award to the Lakeshore Technical College District for its annual budget for the fiscal year beginning July 1, 2008. To receive this award, a governmental unit must publish a budget document that meets program criteria as a policy document, as an operations guide, as a financial plan and as a communications device. At LTC, we strive to be good stewards of your tax dollars while providing excellent educational and training opportunities for your community. Sincerely, Michael A. Lanser, Ed.D. Lakeshore Technical College President Cindy Huhn Lakeshore Technical College District Board Chair 2009-10 Plan & Budget viii Lakeshore Technical College Table of Contents Government Finance Officers Association Distinguished Budget Presentation Award LTC has received the Distinguished Budget Presentation Award for the past ten years. The award recognizes a quality budget document that meets program criteria. The criterion requires the document to be a policy document, an operations guide, serve as a financial plan, and be a communications device. 2009-10 Plan & Budget ix Lakeshore Technical College Table of Contents Intentionally left blank 2009-10 Plan & Budget x LAKESHORE TECHNICAL COLLEGE Plan and Policy This page left blank intentionally. Lakeshore Technical College Table of Contents College Overview Figure 1 - WTCS Lakeshore Technical College (LTC) is a not-forprofit, public, two-year post-secondary educational institution that focuses on occupational education. One of 16 comprehensive technical colleges in Wisconsin that operates under the administration of the Wisconsin Technical College System (WTCS), LTC is governed a local nine-member District Board (LTC Board) whose representation is determined by New State Statute (Figure 1). Richmond Superior Ashland Wisconsin Indianhead Phillips Rice Lake Medford Nicolet Area Minocqua Rhinelander by Northeast Wisconsin Marinette Chippewa Valley Antigo Northcentral Spencer Wausau Stevens Point Located in east central Wisconsin, LTC serves a district which measures approximately 1,200 square miles, covering Manitowoc and Sheboygan counties as well as parts of Calumet and Ozaukee counties. The main campus, consisting of five buildings on a 154-acre site, is in the Village of Cleveland, Wisconsin, centrally located between the District’s two primary city centers, Manitowoc and Sheboygan. The College operates two learning centers strategically located in the Sheboygan and Manitowoc County Job Center facilities. LTC also operates nine community outreach centers in District high schools (Figure 2). Menomonie Chippewa Falls Eau Claire Marshfield Sturgeon Bay Green Bay Mid-State Independence Wisconsin Rapids Fox Valley Appleton Oshkosh Western Wisconsin LaCrosse Mauston Tomah Lakeshore Cleveland Fond du Lac Beaver Dam Portage Reedsburg Viroqua Madison Area Southwest Wisconsin Fennimore Madison Moraine Park West Ben d Mequon Milwaukee West Allis Oak Creek Pewaukee Watertown Waukesha Milwaukee Area Waukesha Co. Fort Atkinson Janesville Racine LTC demonstrates a commitment to excellence through its Elkhorn Blackhawk focus on preparing a workforce, being responsive to community Kenosha Gateway Monroe needs, and its philosophy of continuous improvement. Partnerships in the community and within education, both K-12 and post-secondary, are key to building career ladders and keeping the economy strong. LTC’s acceptance into the Figure 2 – LTC District Higher Learning Commission’s Academic Quality Improvement Program (AQIP) for accreditation in 2000 promoted the principles and benefits of continuous improvement. Mastery Recognition received in 2000 from Wisconsin Forward Award Inc. recognized LTC’s implementation of high performance management principles and practices that lead to enhanced continuous learning, quality improvement, and performance excellence. LTC is finalizing its EnVision 2015 strategic plan. The process collected input from staff, students, and the community from fall 2008 into early 2009. The outcome is a long-term plan which influences how the College educates and trains a workforce to meet the evolving employment needs in the Lakeshore area. The College employs a comprehensive integrated planning model that requires annual review, assessment, and update of the College’s long- and short-term strategies. The Leadership Team tracks progress on key indicators through monthly and semiannual College monitors. In addition to the strategic plan, the College adopts an annual theme each fall and develops corresponding staff development opportunities to advance its 2009-10 Plan & Budget – Plan & Policy 1 Lakeshore Technical College Table of Contents commitment to student learning and staff development. Annual themes include: “Working Together” 2006-07; “Create the Future” 2007-08; and “We are Futuremakers” 2008-09. Scope of Educational Offerings LTC’s mission is realized with each graduation as students enter the workforce equipped with critical skills and core abilities (common learning objectives) to meet employer needs (Figure 3). LTC’s programs incorporate industry-leading technologies to reflect the employment needs and provide a base for lifetime learning. Students access these technologies for hands-on learning. Additional student learning opportunities include internships, clinicals, and student club competitions. Thirty-four associate of applied science degrees, twenty-six technical diplomas, thirty-eight technical certificates, and ten state-indentured apprenticeships are offered through five instructional divisions. To increase student accessibility, programs are shared with other colleges and courses are offered through flexible learning options. Fifteen programs hold professional or specialized accreditation certification from eleven entities. Figure 3 Student Core Abilities (Common Learning Objectives) • Demonstrate Responsible Work Ethic • Demonstrate Critical Thinking • Communicate Effectively • Use Mathematics Effectively • Work Cooperatively • Apply Learning • Respect Diversity • Integrate Technology In addition to meeting the needs of District residents through programs and course offerings, LTC offers courses, workshops, and seminars to meet the needs of business and industry. LTC’s Workforce Solutions Department provides customized training to employers to update employee skills and improve workplace performance. LTC’s Center for Entrepreneurship provides E-Seed courses and business assistance in plan development to local entrepreneurs. Community Services and Basic Skills instruction is available through LTC’s outreach centers. Community Services focuses on personal and professional growth. Basic Skills focuses on academic preparation and includes Adult Basic and Secondary Education (ABE/ASE), English Language Learner (ELL), General Educational Development (GED), and High School Equivalency Diploma (HSED). Student Base, Needs, Requirements LTC’s student base is representative of the District’s demographics, with 73 percent of students over 25 years of age and 40 percent over 40 years of age. LTC’s average student age has risen from 27 in 2000-01 to 34 in 2008-09. The District’s estimated minority population is 8 percent; 7 percent of LTC program students are ethnic minorities, and 11 percent of LTC’s overall student population are ethnic minorities (Figure 4). Figure 4 Student Demographics Age Group Under 16 16-18 19 20-24 25-39 Over 40 Unknown Headcount 100 1037 630 2261 5167 6363 215 Percent 1% 7% 4% 14% 33% 40% 1% Ethnicity American Indian Asian Black/African American Hispanic Pacific Islander White Unknown Headcount 89 627 196 710 6 13268 246 Percent 1% 4% 1% 5% >1% 88% 2% Source: Cognos Reporting System, CU00213 Approximately 80 percent of the College’s student base resides in the District. Flexible learning options allow the College to serve a growing student population outside the commutable geographic area. Another market 2009-10 Plan & Budget – Plan & Policy 2 Lakeshore Technical College Table of Contents segment for the College is prior degree holders. Currently 25 percent of the student population holds a prior degree from LTC or another institution. Collaboration Through numerous collaborations, shared programs, and articulation agreements, LTC continually reaches out to partner with business, industry, and other educational institutions. The College has 135 articulation agreements with institutions of higher education to provide LTC students with credit transferability options. Grant programs and other initiatives provide venues for LTC to partner with area businesses and engage in statewide partnerships to ensure employee and employer needs are met. LTC has four key partnerships: the Wisconsin Indianhead, Lakeshore, and Mid-State Consortium (WILM), the Bay Area Workforce Development Board (BAWDB) that operates the in Manitowoc and Sheboygan Job Centers, the Sheboygan Area School District, and the LTC Foundation. WILM provides oversight and leadership for the information systems and data needs for the three collaborating colleges. The BAWDB provides a network of state, regional, and local resources to support the workforce and companies. Part of the network is the Manitowoc and Sheboygan Job Centers which provide strategic learning sites in the District’s population centers as well as partnerships with the counties and the Department of Vocational Rehabilitation. LTC and the Sheboygan Area School District co-support Even Start, an innovative program that features both adult and early childhood education to make it possible for all members of a family to learn together. The LTC Foundation provides resources to support students, activities, and current learning environments that help students succeed. Additionally, the LTC Foundation works with the College to ensure that private resources are available for student scholarships as well as for initiatives that help achieve College-wide goals. The College values the importance of strong relationships with K-12 partners as evidenced by the eight District high schools that serve as LTC outreach centers. A Tech Prep grant is written and administered collaboratively to provide student career exploration and pathway building. Additionally, the grant supports instructors’ and counselors’ professional development. The College employs two High School Liaisons to serve the needs of the local school districts. Distinctive/Critical Facilities, Equipment, Technologies, Regulatory Environment LTC is poised for facilities growth as well as technology expansion as it advances its mission, vision, and strategic plan. LTC allocates resources annually for equipment and remodeling projects to systematically upgrade classroom learning environments that enhance student learning. Within its broad range of technical education, the College has many distinctive teaching/learning facilities that use technology to enhance the students’ hands-on learning experiences. The human patient simulator is used in the College’s health programs to simulate health conditions for students to practice treating. The Clinical Skills Lab offers a surgical lab, IV arms, and other hands-on learning equipment for students to practice and check off skills before being placed in a clinical site externship. The Dental Clinic provides students an opportunity to work in a multi-chair dental clinic. Dentists, hygienists, and assistants volunteer their time to work with students and provide community dental care. The Public Safety Training Center offers programs and training ranging from Emergency Medical Services to Confined Rescue. The Emergency Management Associate Degree program began in fall 2007 utilizes the onsite Emergency Operations Center. In 2009, a driving skills course will be constructed to provide additional safety training. The renewable energy site has a grid-tied wind turbine and two photovoltaic panels which introduced renewable energy and sustainability education. In fall 2008, the College began the Wind Energy Technology Associate Degree program. In 2009 and 2010, two additional wind turbines will be erected; a sustainability science course offered; and energy efficient infrastructure installed. Future expansions through a demonstration house and infrastructure are planned, as well as additional residential workshops and sustainability offerings. 2009-10 Plan & Budget – Plan & Policy 3 Lakeshore Technical College Table of Contents The Flexible Training Arena is a simulated modern manufacturing site that provides welding, industrial maintenance, and sheet metal trades instruction. The facility was designed to flex with the training demands of industry. The Auto Collision and Repair Technician program and industrial painting training allows students to become proficient in painting techniques through the use of a virtual painting technology which is cost effective and environmentally friendly. The learning college classroom plan ensures every classroom and conference room has current and similar equipment and room arrangements to increase usability and functionality. The technology refresh plan ensures computer, network and media equipment is updated on regular cycles. Wireless networking is available throughout the campus. Competitive Environment LTC competes for students locally, regionally, and at the state and national levels. There are four WTCS colleges, two University of Wisconsin (UW) two-year transfer colleges, and two private four-year institutions in the local area. Additionally, there are four established private colleges and three public institutions of higher education within fifty miles of LTC. There is increased competition globally from institutions offering on-line courses. For-profit institutions have increased their local presence through information nights, newspaper, radio, and television advertisements particularly aimed at work-at-home careers. Institutions such as Rasmussen, University of Phoenix, Upper Iowa, and ITT Tech have invested in facilities within the region offering niche programs that are in direct competition with LTC. Some local employers have on-site training facilities that compete with LTC’s Workforce Solutions’ training offerings. . 2009-10 Plan & Budget – Plan & Policy 4 Lakeshore Technical College Table of Contents Organizational Chart LTC strives to achieve it vision and mission through its people, processes, and plans. LTC employs 272 fulland part-time staff within three organizational groups: 112 support staff, 44 management staff, 116 faculty. The systems chart shows how the organization will be structured in order to accomplish its plan (Figure 5). Figure 5 – Systems Chart Community Board President Development Alumni Foundation Financial Services Budget Copy Center/Mail Room Financial Operations Food Service Procurement Physical Plant Human Resources ADA Affirmative Action Certification Child Care Health/Wellness Services Negotiations Payroll Safety & Security Staff Development Staff Recruitment Instruction Basic Skills Curriculum Degree Programs Internships Scheduling Shared Programs Skills Center Instructional Support Adult Recruitment Bookstore Flexible Learning Options High School Relations Information Technology/WILM Library Media Outreach Placement School to Work Student Services Student Success Tech Prep Marketing & College Relations Community Relations Government Relations Graphic Design Internal Communications Marketing Web & Portal Research & Planning Accreditation Budget Grants Institutional Research Performance Reporting Planning Workforce Solutions Contract Training Entrepreneurship Seminars 2009-10 Plan & Budget – Plan & Policy 5 Lakeshore Technical College Table of Contents Planning Process The design of LTC’s planning process ensures a learning organization focused on community needs and continuous improvement in all aspects of the College. The process contains five steps (Figure 6). Community feedback is integral to the LTC Board’s review of the Ends Policies and the Leadership Team’s review of the mission, vision, and strategic plan. Figure 6 Planning Process Conduct Environmental Scan In step one, the strategic plan is reviewed annually to ensure alignment with community Improve Strategic needs. The College conducts an Conduct Strategic Planning Plan product environmental scan, assesses its current Jan - Jun quality performance using the College monitor, and Finalize Strategic Plan communicates regularly with business, local Deliverable: Strategic Plan government, community leaders, and other educational institutions to gather input for strategic plan adjustments. Research and Review College Monitor Master Plan/ Improve Planning staff prepare the scan. The College Refine Master Plan product Leadership Team determines necessary plan Monitor Jul - Jan adjustments. quality Approve Master Plan In step two, the Leadership Team members refine the master plans. The master plans define overall strategies of how the College will accomplish the strategic plan. Using the plan, managers work with staff to identify longand short-term plans. The information is prioritized into division plans based on strategic plan alignment, meeting stakeholder needs, return on investment, and compliance and prevention. Division plans are shared among functions for feedback, understanding, and alignment. In step three, managers focus on the development of the annual plan and budget (Figure 7). The annual plan is developed based on the division plans to ensure alignment with the strategic plan. The Leadership Team prioritizes the College’s annual plan against available resources using key indicators and criteria to determine the final budget. Managers work with staff to develop department plans. Staff budget forums are held to communicate and hear feedback on the annual plan and budget. Deliverable: Master Plan Establish Goals and Budget Parameters Develop Improve Annual Plan & product Budget Due Jun 15 Develop Plan and Budgets quality Allocate Resources to Priorities Deliverable: Plan and Budget Start of New Fiscal Year Deploy Improve Annual Plan & product Budget Jul quality 1 - Jun 30 Deploy Plan Conduct EPR Report Results Deliverable: College Monitor Evaluate Planning Process Improve Evaluate product quality Evaluate Plan & Budget Report Year-End Results Deliverable: Year-End Report In step four, the plan and budget is deployed throughout the organization. Based on job descriptions, individual performance indicators are developed, documented through a performance monitor, and reviewed at the semiannual EPR session. The College monitor is reviewed by the Leadership Team and reported to the organization semiannually through a mid-year progress report and the year-end report. In step five, managers evaluate the planning process itself as well as College performance compared to the plan. A review of the process provides an opportunity to implement adjustments that lead to quality improvements for the next year. A year-end report documenting performance is compiled and distributed. 2009-10 Plan & Budget – Plan & Policy 6 Lakeshore Technical College Table of Contents Annual Plan and Budget Process Budgeting for Wisconsin Technical Colleges is controlled by statute, the Wisconsin Technical College System Board (WTCSB), and LTC Board policy. The annual budget must be in the format required by the WTCSB and be submitted by July 1st. Expenditures must be accommodated within the authorized tax levy. The budget is then reviewed by WTCS office staff for compliance. The annual plan is developed as described in steps two and three of the comprehensive planning process. Each department then develops a budget based approved annual division plans. The budgets are consolidated and reviewed by the Financial Services department and budget managers. Regular communications with the LTC Board, Leadership Team, and managers occur during the process. Budget forums are held for staff to learn more and provide feedback about the annual plan and budget. A document is prepared for presentation at a public hearing. As a result of public input, discussions are held with the LTC Board and management. A final budget is prepared and presented to the LTC Board for st approval. The budget is implemented on July 1 . As expenditures occur throughout the year, they are recorded against the budgeted amount. Individual budget managers are responsible for monitoring the budgets along with Financial Services staff. LTC’s decentralized approach allows for the reallocation of budgets to meet the needs of the community and maintain proper stewardship. During the year, it may be necessary to amend the approved budget to reflect planned changes. This is done through LTC Board action. Following is the annual plan and budget process. Budget Development Update Issues and Annual Goals. Decide Budget Allocations. Admin Leadership Team December ½ day Review Plans and Budget Comparison. Update Goals. Set Allocations. Admin Leadership Team February 6th 2 days Budget Planning Identify Issues and Annual Goals Admin Leadership Team October 21st ½ day Prepare Multi-Year Financial Projections Financial Services October 27th 2 days Annual Planning Conduct Education and Department Planning Managers, Faculty, Staff October 31st 10 days Communicate Communicate Budget Analysis to ALT Financial Services March 1st -May 10th 5 days Annual Plan & Budget Approval Hold Public Hearing. Financial Services/ President June 17th ½ day Hold Workforce and Budget Planning Meeting / Development and Department Review Admin Leadership Team November 4th 2 days Draft Plan & Budget Summary Financial Services March-April 10 days Approve (Dis) Plan & Budget LTC Board June 17th ½ day Prepare Budget Planning Document Financial Services October 30th 1 day Review Master Plans Joint LeadershipTeam January 5th & 6th 1 day Kickoff Budget Process Management Team January 20th 1/2 days Budget Forums Budget Team April 30th 2 days Communicate Budget Approval Financial Services June 30th ½ day Set Budget Guidelines LTC Board November 19th ½ day Prioritize Capital and Technology Projects Admin Leadership Team January ½ day Seek Approval of Staffing Changes Managers February 20th 1/2 day Prepare Plan & Budget Document Financial Services /R & P May 6th 5 days Finalize and Prioritize College-wide Annual Plan Admin Leadership Team March 3 days I N P U T S Revise/Enter Budgets Managers February 23rd -27th 5 days Communicate to Public Financial Services May 22nd (15 days prior to Public hearing) ½ day Budget Trends State Biennial Budget Process Improvements Program Watch List Year-End Report & Environmental Scan Industry Trends Workforce Planning Model AQIP 2009-10 Plan & Budget – Plan & Policy 7 Lakeshore Technical College Table of Contents Issues Affecting the Budget LTC identifies items that may affect plans and impact the budget as part of its budget planning process. Early identification allows the college to be proactive during budget development. Items Property Values Increase in property valuations has slowed down. State Aids There have been no increases in general state aid financing in the last decade. Unfunded veterans remission will increase. Lack of state support due to state budget deficit. Perkins Federal Revenue With the change in Perkins funding allocations, there has been a decrease in federal dollars available. Energy Costs The variability of energy costs makes it difficult to plan for energy expenditures. The current infrastructure is energy inefficient. Impact Lower property values could result in the higher tax rates. There will be more reliance other sources of revenue to fund expenditures. Strategy Focus on diversifying revenue sources through grants and foundation efforts. 1) Reallocate or reduce expenditures to fund new programs and meet community needs by focusing on operational improvements and efficiencies. 2) Focus on grants and offering more seminars and contracts Reduce level of services/ hours. Research other grants. 1) Implement updated controls as indicated in the master facility plan. 2) Heighten awareness of energy conservation. 3) Upgrade infrastructure to more efficient lighting, vestibules and other improvements to lower energy consumption. 1) Continue to increase the number of courses in flexible delivery options. 2) Offer more classes/services at the Sheboygan and Manitowoc campuses and outreach centers. 3) Offer more online services. 4) Promote car pooling. 5) Investigate options such as busing. 1) Same as 1 above. 2) Same as 2 above. 3) Expand scheduling options. 4) Implement facilities projects to add space. Pursue more economically advantageous benefit options by analyzing all current benefits. Implement additional wellness activities. 1) WIA funding. 2) Reallocate staff and services. 3) Reprioritize budgets and equipment. 4) Hire additional staff. 5) Use fund balance. Less money to fund counselors, special needs and services. Variability in utility rates could cause rates to increase at a rate that is higher than the overall revenue increase. Leases in job centers will increase. Student Access Accessibility of courses and services continue to drive student choices. For some students the impact could mean the difference in being able to attend LTC. Facilities Current space limits growth in new programs and enrollments in current programs and courses. Benefit Costs Benefits are rising at a rate higher than inflation. Availability of classrooms and safety in labs limits growth for current and new programs. Less budget dollars are available for other expenditures. Uncertain Economic Conditions Because of the current economic conditions, companies may be decreasing the number of jobs available and the budgets for training. Increased demand for services and courses. 2009-10 Plan & Budget – Plan & Policy 8 Lakeshore Technical College Table of Contents Budget Assumptions Financial projections are developed initially during the budget planning process and continue to be updated through budget development. Projections are developed with expected, worst, and best case assumptions using planning process inputs. The expected case assumptions are shown below and are used during the budget process. The worst and best case assumptions are used in contingency planning. Property Values: Property values are expected to remain at the same level as 2008-09. Full-Time Equivalent Students (FTE): The 2008-09 full-time equivalent student count is estimated to be 2210. FTEs for 2009-10 are projected to grow by 8.6 percent to 2400 due to dislocations, new programs and target marketing strategies. FTE and Enrollment History FTE 3000 2500 1948 2000 1500 10,000 1000 500 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Est 2010 Budg 5,000 0 2128 1956 2115 2359 2225 2096 2030 2072 15,000 2210 FTE's Enrollments Enrollments 25,000 2400 20,000 Health Insurance: The health insurance premium is expected to increase by 11 percent based on experience rates. Wisconsin Retirement System (WRS): The WRS is expected to rise from 10.4 percent to 11.2 percent or $62,000. General State Aids: Revenues from general state aids are expected to remain the same. State Grants: The College will continue to use state incentive grant (SIG) programs and other external grants to fund new activities. Revenues for state grants are projected to increase slightly due to Workforce Advancement Training Grants. Student Fees: Tuition and fee rates are expected to increase by 4.5 percent a year. Institutional Revenue: Interest rates are expected to rise slightly. Workforce Solutions: Contracts with business and industry are expected to increase by 25 percent due to contracts to fund cohort groups of dislocated workers. Federal Grants & Projects: Grants and projects are funded by federal, state, and local dollars. WTCS federal revenue is expected to decrease due to Pell recipients and the Perkins formula used to allocate federal revenue. It is expected that other federal, state, and private foundation grants will be awarded to offset the loss of fiscal agent projects. Fund Balance: Based on the 2009-10 budget projections, LTC is anticipating that its fund balance will continue to be between 15 percent and 25 percent which is within the LTC Board Guidelines. 2009-10 Plan & Budget – Plan & Policy 9 Lakeshore Technical College Table of Contents Budget Options LTC’s budget options process is part of the annual planning process. Budget options were adopted and implemented to address the estimated budget shortfall of $763,000. LTC focused on operational improvements that resulted in options to provide services more cost effectively, streamline workflow, and improve customer satisfaction. The voluntary budget options process was open to all staff to submit options for reducing budgets. • • Reduce Current Expenses: Budget managers identified permanent current expense reductions based on a historical review and reducing travel for state-called meetings. Eliminate Two Open Positions: All open positions for 2008-09 were reviewed and analyzed resulting in a savings. Two management positions, Purchasing Manager and Physical Plant Manager, were eliminated and responsibilities restructured. Restructure Debt: The borrowing plan and debt repayment structure was reduced to free more revenues for the operational budget. Change Benefits: The College is implementing a health insurance option with preventive health services and co-insurance. Hold Two Open Positions: Two open faculty positions replacements in Communications and Software Learning were put on hold and will be analyzed next year. Reduce Perkins Grant Expenditures: Staff identified savings within grants and projects to reduce the amount of Perkins funding lost in 2008-09 and offset by one-time funding. Voluntary Non-Paid Leave: Staff were offered the opportunity to voluntarily reduce their work schedules for one year. Self-Insure Maintenance: A college-wide self-insurance maintenance program was expanded in lieu of paying maintenance contracts. Testing Fees: Accuplacer and test proctoring fees were increased to be in alignment with other colleges. 230,000 160,000 • • • • • • • 156,000 74,000 64,000 54,000 12,000 9,000 4,000 2009-10 Plan & Budget – Plan & Policy 10 Lakeshore Technical College Table of Contents Annual Plan LTC’s 2009-10 plan is developed during the annual planning process. The new development on the following page supports the goals of the annual plan. More annual plan information is located under Operations. Conservative enrollment projections show an 8.60 percent increase largely due to the District’s high unemployment and the recently dislocated workers. LTC is committed to building capacity and providing rapid response services to retrain the workforce. As employer’s continually change technology and processes to remain competitive, the College responds with new programs and customized training to prepare the workforce this area needs. Implementation of a student success model and enhanced study groups and activities ensures that students receive the help they need to be successful in achieving their educational goals. The College is accountable for student learning as measured through authentic assessment which checks that all competencies are being taught and assessed. Technology helps the college improve its internal and external communication, remain accessible, and provide enhanced services. As a technical college, LTC continually looks for opportunities to improve and be responsive to the local community. The annual plan is listed below. • • • • • • • • Build capacity to serve the projected dislocated workers and industry need. Focus on rapid response efforts to retrain the workforce. Create programming designed to meet industry needs. Expand integration of sustainable practices and renewable energy. Implement a student success model. Increase retention through enhanced student study activities and case management. Develop an authentic assessment plan to meet Department of Education requirements. Implement technologies that improve communication, access, and efficiency. 2009-10 Plan & Budget – Plan & Policy 11 Lakeshore Technical College Table of Contents New Development Activities A total of $341,000 in new development is supported through $131,000 in new allocations, $8,000 in reallocations, and $202,000 in grants. Electro-Mechanical/Wind Energy Technology $95,000 Support the expansion of both these programs in addition to the Nuclear Technology program. This position is $57,000 grant funded. Associate Degree Nursing $91,000 Expand Associate Degree Nursing capacity to serve eight additional students and increase the number of graduates to aid in meeting the projected job replacement needs of registered nurses. This activity is grant funded. Clinical Skills Lab $54,000 Provide students enhanced hands-on experience in the clinical skills lab by integrating human patient simulator technology. This activity is grant funded. 5.09 GED Option Program $31,000 Provide expanded competency-based GED/HSED program. This program is not test-based which helps students be successful through an alternative means. Online Education Platform Support instructional staff by expanding functionality of an online education platform. $30,000 Customer Service and Workflow Efficiency $22,000 Improve customer service by increasing bandwidth between campuses and implementing a real-time communications tool to respond to student questions faster. Increase workflow efficiency and information access by expanding ImageNow, utilizing labor market databases, and using an online recruitment tool for applicant screening. This tool is funded through reallocations. Financial Aid and Learning Support Services Access $7,000 Increase student access to Financial Aid and Learning Support Services. This was funded through reallocations. Emergency Plan Provide materials and supplies for education, safety, and awareness. Driving Skills Course Support training generated by the driving skills course and associated vehicle use expenses. $6,000 $5,000 2009-10 Plan & Budget – Plan & Policy 12 Lakeshore Technical College Table of Contents LTC Board Policy Budget Planning abides by the policy set forth by the LTC Board. Budgeting for any fiscal year or the remaining part of any fiscal year shall follow the LTC Board Ends priorities, maintain fiscal stability, and be realistic in projections of revenue and expenses. Budgets will become effective when approved by the LTC Board. Budget development will adhere to the following guidelines. 1. Budget proposals must contain information that enables an accurate projection of revenues and expenses, separation of capital and operational items, cash flow, and disclosure of planning assumptions. Plan expenditures to be within the conservatively projected funds to be received during the year. Provide for Board prerogatives, such as costs of fiscal audit, Board development and training, and Board professional fees in the operating budget. Seek a broad base of input in the development of the budget. Take into account Board Ends priorities in the development of the budget. Include adequate amounts for plant and facilities maintenance, instructional equipment, new program and course development, staff development, and institutional research in the budget. Repay debt with unencumbered revenues within the current fiscal year or from funds previously established by the Board for that purpose. 2. 3. 4. 5. 6. 7. LTC Board Guidelines The LTC Board sets operating and debt guidelines in addition to policy to recognizing the importance of fiscal responsibility and prudent debt administration. LTC issues General Obligation Promissory Notes for capital projects including new construction, site improvement, building remodeling and improvements, and capital equipment purchases. The following budget guidelines were adopted by the LTC Board for 2009-10 planning. • • • • • • • • • Operating expenditure increases will not exceed 4.5 percent. The tax levy will not exceed a 3.5 percent total increase. Student fee increases will follow state approved rates. Maintain fund balance between 15 and 25 percent of operating expenditures. The college will strive to avoid borrowing for cash flow purposes. Replacement budgets should be established for all recurring major equipment expenditures. The tax rate for capital replacements should not exceed $.35 per thousand dollars of equalized valuation for regular financing. Major projects outside of replacement will be funded outside the replacement limit upon Board approval. Upon completion of the project the tax rate will be lowered accordingly. The maturity date for any debt will not exceed the reasonably expected useful life of the equipment or project so financed. 2009-10 Plan & Budget – Plan & Policy 13 Lakeshore Technical College Table of Contents LTC Policies Internal Controls The management of the District is responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the College are protected from loss, theft, or misuse and to ensure that adequate accounting data is compiled to allow for the preparation of financial statements in conformity with generally accepted accounting principles. The internal control structure is designed to provide reasonable, but not absolute, assurance that these objectives are met. The concept of reasonable assurance recognizes that: (1) the cost of a control should not exceed the benefits likely to be derived; and (2) the valuation of costs and benefits requires estimates and judgments by management. As a recipient of federal, state and local financial assistance, the College is also responsible for ensuring that an adequate internal control structure is in place to ensure and document compliance with applicable laws, regulations, contracts and grants related to these programs. This internal control structure is subject to periodic evaluation by management and the internal audit staff of the government. Investment and Cash Management LTC has adopted an investment policy that allows its investment officer to invest excess funds according to the following objectives listed in order of priority. 1. 2. 3. Safety of principal. Maintenance of sufficient liquidity to meet immediate payment requirements. Obtain the highest possible rate of return consistent with safety of principal and liquidity. Deposits are limited to time deposits, Wisconsin Local Government Pooled Investments Fund, repurchase agreements, obligations of the United States, Wisconsin Municipal Obligation Securities rated in the highest or second-highest rating category assigned by Standard and Poor’s Corporation or Moody’s Investor Service. Currently, District investments in banks are insured to $250,000 ($100,000 after December 31, 2009) by the Federal Deposit Insurance Corporation (FDIC) and for an additional $400,000 by the Wisconsin Deposit Guarantee Fund. Investments in banks over $500,000 are covered under the LTC Board policy which requires additional collateral for funds placed in excess of $500,000. Investments in the Wisconsin local government investment fund are also insured. 2009-10 Plan & Budget – Plan & Policy 14 Lakeshore Technical College Table of Contents Debt Management Moody’s Investors Service has assigned an Aa2 rating to LTC’s general obligation issues in May, 2009. The rating is based on: • • • • The District’s sound financial operations due to prudent financial management as evidenced by healthy operating reserves and notable margin under the state imposed operating levy cap. The District’s FTE enrollment in the current year is up over last year, reflective of the countercyclical relationship between technical college enrollment and rising unemployment. The District’s sizable tax base will remain relatively stable as growth in this area over the last few years was moderate in comparison to most other areas of state and nation boom The district’s debt burden remains at manageable levels with modest future borrowing needs and rapid principle amortization. LTC utilizes a financial advisor to structure financings, watch for refunding opportunities, work with the rating agencies, market the notes, and to fulfill filing requirements. A bond counsel is obtained for drafting resolutions authorizing and awarding the sale of notes along with the associated documents needed to sell the notes. Risk Management LTC maintains a risk management program which includes a comprehensive insurance program designed to meet the College’s needs, active security and safety committees oriented to the identification and avoidance of risk, regular meetings with employees covering risk management, and an independent risk management and insurance consulting firm retained to assist in the College’s risk management program. Balanced Budget State statute mandates that LTC prepare an annual budget. The LTC Board controls budget levels through its guidelines that limit the growth rate of LTC’s tax levy each year. LTC staff must present to the LTC Board a balanced budget that meets all budget guidelines. The budget is balanced when revenues plus other sources equals expenditures plus other uses. 2009-10 Plan & Budget – Plan & Policy 15 Lakeshore Technical College Table of Contents Financial Structure The financial structure includes all the funds and accounts of all operations of LTC’s reporting entity. The LTC Board is the governing authority of this reporting entity. There are nine members on the LTC Board. It consists of two employers, two employees, one district school administrator, one elected official, and three additional members. There will be at least four board members representing each portion of the District, of which there must be one employer, one employee, and one member-at-large; the school board administrator may represent either of the two portions of the District. The law requires that at least one of the LTC Board members be an elected official who holds a state or local elective office as defined in section 5.02 of the Wisconsin statutes. In addition under the act, no two members of the LTC Board will be permitted to be officials of the same governmental unit, nor can any board member be a member of a school board that employs the district school administrator member. The LTC Board is the District’s governing body and has authority to: • • • Borrow money and levy taxes. Budget. Oversee LTC’s other fiscal and general management which includes, but is not limited to, the authority to execute contracts, to exercise control over facilities and properties, to determine the outcome of disposition of matters affecting the recipients of the services being provided, and to approve the hiring or retention of key management personnel who implement Board policy and directives. The balance sheets, statements, and schedules presented within the document are required presentations by the WTCS Financial Accounting Manual for the 2009-10 budget. LTC’s fund structure is linked to its organizational structure primarily through its operating funds and functions. Fund Structure Governmental Funds Proprietary Operating Funds Special Revenue Operating Special Revenue Nonaidable General Capital Debt Service Enterprise Proprietary 2009-10 Plan & Budget – Plan & Policy 16 Lakeshore Technical College Table of Contents Governmental Funds Governmental funds are those through which most functions of LTC are financed. The acquisitions, uses, and balances of LTC’s expendable financial resources and related liabilities, except those accounted for in proprietary and fiduciary funds, are accounted for through governmental funds. The measurement focus is based upon the determination of changes in financial position rather than upon net income determination. LTC maintains the following governmental funds: General Fund The General Fund is the principal operating fund and accounts for all financial activities not required to be accounted for in another fund. The Special Revenue Fund-Operational is used to account for the proceeds and related financial activities of specific revenue sources that are legally restricted to expenditures for specified purposes. LTC maintains two Special Revenue Funds – Workforce Solutions and Grant & Projects. The Special Revenue Fund-Nonaidable is used to account for assets held by LTC in a trustee capacity, primarily for student aids, fiscal agent projects, and other student activities. The Capital Projects Fund accounts for financial resources used for the acquisition or construction of capital assets and remodeling other than those financed by enterprise and trust funds. LTC maintains three Capital Project Funds – Equipment, Technology Projects, and Building and Grounds Projects. The Debt Service Fund is used to account for the accumulation of resources for, and the payment of, general long-term debt principal, interest, and related costs. Special Revenue Fund Operational Special Revenue Fund Nonaidable Capital Projects Fund - Debt Service Fund - Proprietary Funds Proprietary funds are used to account for the ongoing activities that are similar to those often found in the private sector. Enterprise Funds The Enterprise Fund is used to record revenues and expenses related to rendering services to students, faculty, staff, and the community. These funds are intended to be self-supporting and are operated in a manner similar to private business where the intent is that all costs, including depreciation expense, of providing certain goods and services to the students and other aforementioned parties is recovered primarily through user charges. These services compliment the educational and general objectives of LTC. The Internal Service Fund is used to account for the financing and related financial activities of goods and services provided by one department of the district to other departments of the district, or to other governmental units on a cost reimbursement basis. Internal Service Funds - 2009-10 Plan & Budget – Plan & Policy 17 Lakeshore Technical College Table of Contents Functions Expenditures are classified by the following functions. LTC’s organizational structure is aligned to this structure. Instruction Instruction includes teaching, academic administration including clerical support, and other activities related directly to the teaching of students, guiding the students in the educational program and coordination and improvement of teaching. Instructional Resources includes all learning resource activities such as the library, audio-visual services, instructional television, instructional resources administration and clerical support. Student Services includes those non-instructional services provided for the student body. These include student recruitment; student services administration and clerical support; admissions; registration; counseling, including testing and evaluation; non-instructional alcohol and other drug abuse services; health services; financial aids; placement; and follow-up. General Institutional includes all services benefiting the entire college except for those identifiable to other specific functional categories. Examples of this type of expenditures are general administrative functions including the LTC Board, the office of the president, the business office and general supporting administrative offices. Also, legal fees, external audit fees, general property and liability insurance, human resources and staff development are included. Physical Plant includes all services required for the operation and maintenance of the physical facilities. Principal and interest on long-term debt obligations are also included in this function as are general utilities such as heat, light and power. Auxiliary Services includes the commercial type activities in the enterprise and internal service funds. Instructional Resources - Student Services - General Institutional - Physical Plant - Auxiliary Services - Fixed Assets and Long-Term Obligations Fixed assets used in governmental fund-type operations (general fixed assets) are accounted for in the general fixed assets account group rather than in governmental funds. No depreciation is required or has been provided on general fixed assets. Fixed assets acquired for enterprise operations are accounted for in the related fund and are depreciated. Long-term liabilities expected to be financed from governmental funds are accounted for in the general longterm obligation account group rather than in governmental funds. The general long-term obligations account group includes an accounting for all general indebtedness and the noncurrent portion of the post-retirement and vacation pay liabilities. Payments on general indebtedness are made from the Debt Service Fund while payments for post-retirement benefits and sick pay are made from the General Fund. The two account groups are not “funds.” They are only concerned with the measurement of financial position. They are not involved with the measurement for the results of the operations of the college. 2009-10 Plan & Budget – Plan & Policy 18 Lakeshore Technical College Table of Contents Basis of Accounting Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the timing of the measurement made, regardless of the measurement focus applied. The governmental, expendable trust funds are accounted for on a modified accrual basis. Under the modified accrual basis of accounting, transactions are recorded in the following manner: • • • • • • Revenues are recognized when they become both measurable and available (susceptible to accrual). All revenues are considered susceptible to accrual except summer school tuition and fees. Expenditures are recognized when the liability is incurred, except for interest and principal on general long-term obligation debt, which are recognized as expenditures when due. Expenditures for claims and judgments are recognized when it becomes probable that an asset has been impaired or a liability has been incurred. Expenditures for compensated absences, including vacation and sick leave, are recognized when the liability is incurred for past services of an employee that vest and accumulate. Fixed assets are recorded as capital outlays at the time of purchase. Proceeds of long-term obligations are treated as a financing source when received. Proprietary funds are accounted for on the flow of economic resources management focus and use the accrual basis of accounting. Under this basis, revenues are recognized when measurable and earned and expenses are recorded as liabilities when incurred and, where applicable, depreciation expense is also included. This basis of accounting emphasizes the determination of net income. The proprietary funds have elected to follow Financial Accounting Standards Board pronouncements issued before November 30, 1989, and all pronouncements of the Governmental Accounting Standards Board. 2009-10 Plan & Budget – Plan & Policy 19 Lakeshore Technical College Table of Contents Intentionally left blank 2009-10 Plan & Budget – Plan & Policy 20 LAKESHORE TECHNICAL COLLEGE Budget Section This page left blank intentionally. Lakeshore Technical College Table of Contents Basis of Budgeting This budget document is prepared on the same basis of accounting as LTC’s financial statements. LTC follows generally accepted accounting principles applicable to governments, however, for budgetary purposes, encumbrances are also included in expenditures. The governmental fund types use the modified basis of accounting. Under the modified basis of accounting, revenues are recognized when susceptible to accrual (i.e., when they are “measurable and available”). “Measurable” means the amount of the transaction can be determined and “available” means collectible within the current period or soon enough thereafter to pay liabilities of the current period. Expenditures are recorded when the related fund liability is incurred, except for unmatured interest on general long-term obligations which is recognized when due, and certain compensated absences, claims and judgments which are recognized when the obligations are expected to be liquidated with expendable available financial resources. Fixed assets are recorded as capital outlays at the time of purchase. Proceeds of long-term obligations are recorded as a financing source when received. Proprietary funds use the accrual basis of accounting. The measurement focus is based upon the determination of net income. Revenues are recorded when earned and expenses are recorded at the time the liabilities are incurred. The accounts of LTC are organized on the basis of funds and account groups, each of which is considered a separate accounting entity. The operations of each fund are accounted for with a separate set of selfbalancing accounts that comprise its assets, liabilities, fund equity, revenues, and expenditures. LTC’s resources are allocated to and accounted for in individual funds, based upon the purpose for which they are to be spent and the means by which spending activities are controlled. In this budget document the various funds are grouped into fund types and three broad fund categories. 2009 - 10 Plan & Budget – Budget 21 Lakeshore Technical College Table of Contents Combined Fund Summary 2009-10 Budgetary Statement of Resources, Uses, and Changes in Fund Balance The Combined Fund Summary and Combining Budget Statement include all the funds of the College. 2006-07 Actuals REVENUES Local Government General State Aids State Grants Program Fees Material Fees Other Student Fees Institutional Federal Total Revenue EXPENDITURES Instruction Instructional Resources Student Services General Institutional Physical Plant Auxiliary Services Total Expenditures Net Revenue (Expenditures) OTHER SOURCES (USES) Operating Transfer In (Out) Repayment of Debt Proceeds from Debt Total Resources (Uses) TRANSFERS TO (FROM) FUND BALANCE Reserve for Prepaids & Inventories Reserve for Capital Projects Reserve for Debt Service Retained Earnings Reserve for Student Organizations Reserve for Operations Designated for State Aid Fluctuations Designated for Subsequent Years Designated for Subsequent Year Total Transfers to (From) Fund Balance Beginning Fund Balance Ending Fund Balance EXPENDITURES BY FUND General Fund Special Revenue Fund - Operational Special Revenue Fund - Nonaidable Capital Projects Fund Debt Service Fund Enterprise Fund Internal Service Fund Total Expenditures by Fund 19,558,141 4,006,310 1,283,365 3,957,132 272,834 555,081 3,595,181 4,407,956 37,636,000 2007-08 Actuals (1) 20,244,210 3,590,492 1,409,617 4,287,981 280,694 678,358 3,886,603 2,962,569 37,340,524 2008-09 Budget 20,967,000 3,699,000 1,414,000 4,636,000 300,000 767,000 3,867,000 4,432,000 40,082,000 2008-09 Estimate (2) 20,967,000 3,699,000 1,129,000 4,736,000 300,000 717,000 4,102,000 4,452,000 40,102,000 2009-10 Budget 21,589,000 3,758,000 1,548,000 5,540,000 335,000 805,000 4,402,000 4,853,000 42,830,000 21,138,585 1,760,375 4,011,767 4,535,689 7,421,464 1,476,729 40,344,609 (2,708,609) 20,938,801 1,623,037 4,432,014 4,289,104 7,679,518 1,089,303 40,051,777 (2,711,253) 22,383,000 1,669,000 5,116,000 4,830,000 8,927,000 1,675,000 44,600,000 (4,518,000) 22,403,000 1,669,000 5,116,000 4,830,000 8,927,000 1,675,000 44,620,000 (4,518,000) 24,627,000 1,714,000 5,617,000 5,097,000 8,678,000 1,700,000 47,433,000 (4,603,000) 0 0 5,000,000 2,291,391 0 0 5,300,000 2,588,747 0 0 2,000,000 (2,518,000) 0 0 2,000,000 (2,518,000) 0 0 5,000,000 397,000 55,110 1,572,664 165,224 28,371 11,170 534,934 0 0 (76,082) 2,291,391 9,234,252 11,525,643 41,535 1,241,391 92,911 755,122 30,557 (34,562) 16,000 425,000 20,793 2,588,747 11,525,643 14,114,390 0 (2,392,000) (58,000) 0 0 0 0 0 (68,000) (2,518,000) 14,114,390 11,596,390 0 (2,392,000) (58,000) 0 0 0 0 0 (68,000) (2,518,000) 14,114,390 11,596,390 0 332,000 65,000 0 0 0 0 0 0 397,000 11,596,390 11,993,390 23,087,679 4,104,677 4,135,496 3,687,082 3,852,946 1,155,683 321,046 40,344,609 23,760,104 4,137,173 2,713,751 4,317,123 4,034,323 833,152 256,151 40,051,777 25,421,000 4,795,000 3,570,000 4,915,000 4,224,000 1,350,000 325,000 44,600,000 25,421,000 4,755,000 3,570,000 4,975,000 4,224,000 1,350,000 325,000 44,620,000 26,683,000 5,446,000 3,975,000 5,441,000 4,188,000 1,350,000 350,000 47,433,000 (1) Actual is presented on a budgetary basis (2) Estimate is based upon 9 months of actual and 3 months of estimate 2009 - 10 Plan & Budget – Budget 22 Lakeshore Technical College Table of Contents Combining Budget Summary July 1, 2009 – June 30, 2010 Governmental Funds Capital Projects Fund $ $ 72,000 44,000 419,000 238,000 773,000 Debt Service Fund $ 4,233,000 20,000 $ 4,253,000 Propietary Funds Internal Service Fund $ 350,000 $ 350,000 General Fund Special Revenue Fund Operational Nonaidable $1,179,000 1,248,000 20,000 1,494,000 1,505,000 $5,446,000 $ 450,000 310,000 115,000 3,100,000 $ 3,975,000 Enterprise Fund $ 1,350,000 $ 1,350,000 Total Funds $ 21,589,000 5,306,000 5,540,000 335,000 805,000 4,402,000 4,853,000 $ 42,830,000 Revenues Local Government State Aids Program Fees Material Fees Other Student Fees Institutional Revenue Federal Revenue Total Revenues $ 16,105,000 3,564,000 5,540,000 335,000 475,000 654,000 10,000 $ 26,683,000 $ Expenditures Instruction Instructional Resources Student Services General Institutional Physical Plant Auxiliary Services Total Expenditures Revenues Over (Under) Expenditures $ 16,193,000 1,245,000 2,988,000 4,579,000 1,678,000 $ 26,683,000 $ $5,349,000 97,000 $5,446,000 $ $ 1,450,000 2,525,000 $ 3,975,000 $ $ 1,635,000 469,000 7,000 518,000 2,812,000 $ 5,441,000 $ (4,668,000) $ 4,188,000 $ 4,188,000 65,000 $ 1,350,000 $ 1,350,000 $ 350,000 $ 350,000 $ 24,627,000 1,714,000 5,617,000 5,097,000 8,678,000 1,700,000 $ 47,433,000 $ (4,603,000) $ $ $ OTHER SOURCES (USES) Operating Transfer In (Out) Proceeds from Debt Repayment of Debt Total Resources (Uses) $ $ - $ $ - $ $ - 5,000,000 $ 332,000 $ $ $ 65,000 $ $ - $ $ - 5,000,000 $ 397,000 $ TRANSFERS TO (FROM) FUND BALANCE Reserve for Prepaids & Inventories Reserve for Capital Projects Reserve for Debt Service Retained Earnings Reserve for Student Organizations Reserve for Operations Designated for State Aid Fluctuations Designated for Subsequent Years Designated for Subsequent Year Total Transfers to (From) Fund Balance Beginning Fund Balance Ending Fund Balance 0 6,534,206 $6,534,206 - - 332,000 332,000 2,528,769 $2,860,769 65,000 65,000 498,852 $563,852 - - 108,616 $108,616 276,806 $276,806 1,570,204 $1,570,204 78,937 $78,937 332,000 65,000 397,000 11,596,390 $11,993,390 2009 - 10 Plan & Budget – Budget 23 Lakeshore Technical College Table of Contents Revenue Trends LTC has a diversified funding base composed of property taxes, state aid, state incentive grants, student fees, federal grants, and institutionally-generated revenues. LTC believes that this diversity, the strength of the local tax base and its fiscal management will continue to provide the resources required to fulfill its mission now and in Combined Funds - Revenues the future without significant changes 60.00% in the level of 50.00% services provided. 40.00% 2005-06 2006-07 2007-08 The graph, at right, shows the major revenue sources of the College as a percent of total revenues. 30.00% 20.00% 10.00% 0.00% Tax Levy General State Aids State/Federal Grants Student Fees Institutional Revenue 2008-09 2009-10 One of the trends over the past five years has been the decrease in general state aids and tax levy as a percent of the total budget. Student fees and state and federal grants are increasing to balance the gap. The two graphs below compare the percent of revenue sources for 2005-06 and 2009-10. 2005-06 Combined Funds - Revenues Student Fees 13% Institutional Revenue 10% 2009 -10 Combined Funds - Revenues Institutional Revenue 10% Tax Levy 53% Student Fees 16% Tax Levy 50% State/Federal Grants 15% State/Federal Grants 14% General State Aids 10% General State Aids 9% Property Tax LTC’s major revenue source is local property taxes referred to as “Local Government” revenue in the following budgetary statements. Annually, in October, the property tax levy is billed based upon the equalized value of taxable property, excluding tax incremental financing districts, to the local municipalities who act as assessors and collection agencies. All delinquencies are assumed by the respective counties thus LTC will receive the full amount of its levy. All Wisconsin Technical Colleges are limited by Statute to an operating property tax mill rate of $1.50 per $1,000 of taxable property. The debt service mill rate is added to the operational mill rate to get a total mill rate amount. The debt service tax levy is used to pay the principal and interest payments that are due that year. The operational tax levy is used to fund expenditures in the general, special revenue-operational and capital projects funds. 2009 - 10 Plan & Budget – Budget 24 Lakeshore Technical College Percent Changes Tax Levy and Valuations 9.00% 8.00% 7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% Table of Contents For the past six years, the increase in property valuations has been higher than the tax levy increase, resulting in a decrease in the tax mill rate. The mill rate equals the amount of taxes paid per $1,000 of equalized valuation. Based on the local economy, a zero increase in property valuations is projected. Tax Levy Valuations The average increase in 0.00% 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 valuations over the past ten years has been 6 percent, while the average increase in the tax levy has been 4.89 percent. The mill rate has been decreasing since 2002-03. 2009-10 The graph below shows the tax rate, broken down by the operations and debt service components. Property Tax Rates 1999-00 to 2009-10 1.80000 1.60000 1.40000 1.20000 1.00000 0.80000 0.60000 0.40000 0.20000 0.00000 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 Operations Debt Service Total The tax rate for the 2009-10 budget is $1.52 per thousand dollars of equalized valuation, including $1.22 for operations and $.30 for debt service. The tax rate for 2008-09 was $1.47 per thousand dollars of valuation. For a house with an equalized value of $150,000, the projected annual 2009 tax payment by the owner to support the educational programs and services at LTC will be $227.42. This will represent a total increase of $6.56 from the comparable 2008 taxes, which were $220.86. (This information is based upon equalized values not assessed values. Each city, town, and village assessment ratio - equalized to assessed - may vary.) This rate will change once final equalized valuations are known. LTC taxes on a $150,000 home $270.00 $255.00 $240.00 $225.00 $210.00 $195.00 $180.00 $165.00 $150.00 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2009 - 10 Plan & Budget – Budget 25 Lakeshore Technical College Table of Contents Property Tax Summary by Fund 2009-10 Projection The tax levy of $21,589,000 increased 2.96 percent. The levy for operations increased 3.15 percent and debt service increased 2.21 percent. The total tax rate increased by 2.96 percent. If property values increase above 0 percent, the tax rate will decrease. 2008-09 Actual General Fund Special Revenue Fund Capital Projects Fund Total Operational Debt Service Fund Total Levy Equalized Valuations 15,771,000 1,019,000 36,000 16,826,000 4,141,414 20,967,414 14,239,835,631 2009-10 Projections 16,105,000 1,179,000 72,000 17,356,000 4,233,000 21,589,000 14,239,835,631 Dollar Change 334,000 160,000 36,000 530,000 91,586 621,586 0 3.15% 2.21% 2.96% 0.00% Percent Change 2.12% 15.70% PROPERTY TAX RATES BY BUDGET YEAR Operations Mill Rate Levy 1.37394 11,760,813 1.38453 12,442,000 1.35762 13,066,098 1.34488 13,768,738 1.33365 14,364,258 1.29888 14,739,816 1.22968 14,923,500 1.19798 15,574,380 1.17681 16,146,300 1.18161 16,826,000 1.21883 17,356,000 Debt Service Mill Rate Levy 0.25643 2,195,000 0.28944 2,601,000 0.31672 3,048,220 0.31081 3,182,000 0.31215 3,362,000 0.31327 3,555,000 0.32741 3,973,500 0.30650 3,984,620 0.29869 4,098,200 0.29083 4,141,414 0.29726 4,233,000 Total Mill Rate Levy 1.63037 13,955,813 1.67397 15,043,000 1.67435 16,114,318 1.65569 16,950,738 1.64580 17,726,258 1.61215 18,294,816 1.55710 18,897,000 1.50448 19,559,000 1.47551 20,244,500 1.47245 20,967,414 1.51610 21,589,000 Rate Change 0.68% 2.67% 0.02% -1.11% -0.60% -2.04% -3.42% -3.38% -1.93% -0.21% 2.96% Levy Change 7.14% 7.79% 7.12% 5.19% 4.58% 3.21% 3.29% 3.50% 3.50% 3.57% 2.96% Budget Year 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 Property Tax Levy 1999‐00 ‐ 2009‐10 20,000,000 18,000,000 16,000,000 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 0 1999‐00 2000‐01 2001‐02 2002‐03 2003‐04 2004‐05 2005‐06 2006‐07 2007‐08 2008‐09 2009‐10 Operations Debt Service 2009 - 10 Plan & Budget – Budget 26 Lakeshore Technical College Table of Contents State Aids There are three major components of state aids: general state aids, grants and state aids in lieu of property taxes. General state aids and state grants are provided by the WTCS. The state aid in lieu of computer taxes are revenues received from the state to reimburse taxing jurisdictions when legislation in 2000 removed personal computers from the tax rolls for businesses. This has averaged $131,100 over the past five years. General state aids are received by the technical colleges to be used to fund operational expenditures. The appropriation for the technical colleges has not increased in a number of years. The total is distributed among the colleges based upon an expenditure-driven formula equalized for tax-leveling ability. The basic formula is as follows: [(Total General and Special Revenue Fund expenditures - all non-property tax or interest income revenue) + debt service expenditures]*(state average of taxable property per full-time equivalent student/LTC taxable property per full-time equivalent student) The amounts that the Combined Funds - State Revenue College receives for state grants will vary depending 6,000,000 on the total amount 5,000,000 available from the state and 4,000,000 which proposals from the 3,000,000 College are approved for State Grants 2,000,000 funding. Some of the General State Aids projects that LTC receives 1,000,000 state grants for include 0 2005-06 2006-07 2007-08 2008-09 2009-10 displaced homemaker, supplemental services for students, youth apprentice, workplace basic education, workforce advancement training grants and incentive grants. Some of the grants are apportioned to the colleges based on formulas and others are competitively awarded. The graph above shows the breakdown of the two major categories of state aids since 2005-06. Student Fees Fees are collected from students for tuition, materials, and miscellaneous items. Tuition and material fee rates are set annually by the WTCS based upon estimated total operating expenditures of all districts. Miscellaneous items include nonresident and out-of-state tuition, group dynamics course fees, testing fees, application fees, and graduation fees. The chart shows the three major categories of student fees over the past five years. Total student fees have increased an average of 6.94 percent over the last five years. Combined Funds - Student Fees 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 2005-06 2006-07 2007-08 2008-09 2009-10 Student Fees Material Fees Program Fees 2009 - 10 Plan & Budget – Budget 27 Lakeshore Technical College Program fees make up 13 percent of the total revenue budget and are calculated based on the tuition rate set by the WTCS Board and the projected FTE enrollments. The chart at the right shows the percent change in the tuition rate, FTEs, and program fee revenue. Table of Contents Percent Changes: Program Fee Rates, Program Revenue and FTEs 25% 20% 15% 10% 5% 0% Program Fee Rate Program Revenue FTEs Since 2006-07 the WTCS Board has been -5% increasing the program fee rate by a smaller percentage each year. FTE -10% 2005-06 2006-07 2007-08 2008-09 2009-10 enrollment changes, which have a greater impact on program fee revenue overall, have increased helping to offset the slower growth in the program fee rate. The 2009-10 FTE enrollment is projected to be higher due to the increase in dislocated workers within the District. The program fee rates are increasing 4.5 percent, program fee revenue is increasing 19.5 percent and FTEs are increasing 8.6 percent. Institutional Revenue These revenues are generated by contracts with business and industry (38.14 Wis. Statues) for customized instruction and technical assistance, technical preparation contracts (118.15 Wis. Statues), interest or investment earnings, sales, enterprise and internal service activities. Contract revenue increased slightly from 2005-06 through 2008-09, due to a strengthening economy and LTC’s targeted effort in this area. A larger increase is projected for 2009-10, due to an increase in contracts to support dislocated workers. The other category is made up of various areas – enterprise activity, internal service activity, equipment sales and rental income. The steady increase since 2005-06 is due to increased enterprise fund activity. Combined Funds - Institutional Revenue 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 2005-06 2006-07 2007-08 2008-09 2009-10 Contract Revenue Interest Income Sales Other Institutional Revenue Federal Revenue LTC receives federal grants for specific projects such as Carl Perkins Vocational & Technical Education and Adult Basic Education, fiscal agent projects and student financial assistance such as Pell and Federal Work Study. Over the past several years, the College has served as fiscal agent for various federal grants through the WTCS Foundation. This has grown from $410,000 in 2005-06 to $1,000,000 budgeted for 2009-10. Combined Funds - Federal Revenue 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 2005-06 2006-07 2007-08 2008-09 2009-10 Financial Aid Federal Grants 2009 - 10 Plan & Budget – Budget 28 Lakeshore Technical College Table of Contents Combined Funds Budget Analysis — Resources Total revenues in all funds are expected to increase by 6.90 percent over the 2008-09 budget. All of the college’s five major revenue sources are projected to increase. Additional information pertaining to the changes in revenue for each of the college’s major sources of revenue follows. Tax Levy The total tax rate of 1.51610 increased 2.96 percent. This will generate a levy of $21,589,000 to support operations and debt service requirements. This represents an increase of 2.96 percent or $621,586 over the prior year's levy. The tax levy represents 50.41 percent of the total revenue budget, down from 52.79 percent in 2008-09. State Aids State aids are budgeted to increase by 3.77 percent from the 2008-09 budget. General state aids of $3,758,000 increased by 1.60 percent and state grants increased by 9.48 percent. The majority of the increase in state grants is due to a projected increase in state-funded fiscal agent projects. Operational state grants are expected to increase by 3.28 percent. Student Fees Student fee revenue is budgeted to increase by 17.13 percent over the previous year’s budget. This includes program fees, material fees, and other student fees. The increase is due to a tuition fee increase and projected enrollment growth. The WTCS Board increased program fee rates 4.50 percent from $97.05 per credit to $101.40 per credit for the 2009-10 school year. For a student taking 15 credits a semester, this means an increase of $65.25 per semester. Institutional Revenue Institutional revenue is expected to increase by 13.84 percent due to an increase in contract revenue from contracts created to support dislocated workers. Federal Revenue Federal revenue is expected to increase by 9.50 percent. The $680,000 EDA grant for the Plymouth Outreach Center, the $326,000 New Energy Grant, and the $238,000 federal appropriations for equipment for the Center for Manufacturing Excellence were the largest increases. These increases were offset by a decrease in federal revenue for fiscal agent projects. Combined Funds - Total Revenues Auxiliary Federal Financial Aid Revenue 1,700,000 2,753,000 2,100,000 6% 4% 5% Institutional 1,302,000 3% Contract Revenue 1,400,000 3% Student Fees 6,680,000 16% State Grants 1,548,000 4% Local Government 21,589,000 50% General State Aids 3,758,000 9% 2009 - 10 Plan & Budget – Budget 29 Lakeshore Technical College Table of Contents Expenditure Trends by Fund and Function The WTCS Board requires each technical college to classify expenditures by function to provide activity detail of the College’s primary activity, instruction. The graph below shows a history of expenditures by function. Combined Funds - Expenditure History 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 0 2005-06 2006-07 2007-08 2008-09 2009-10 Instruction Instructional Resources Student Services General Institutional Physical Plant Auxiliary Services The charts below show the comparison between 2005-06 and 2009-10 of the breakdown by function. Instruction and student services as a percent of the total budget have increased over the years, while general institutional and physical plant expenditures have decreased. 2005-06 Combined Funds - Expenditures Auxiliary Services 4% Physical Plant 19% Auxiliary Services 3% Physical Plant 18% 2009-10 Combined Funds - Expenditures General Institutional 12% Student Services 10% Instruction 51% General Institutional 11% Student Services 12% Instruction 52% Instructional Resources 4% Instructional Resources 4% The chart below shows the expenditure trends by fund. Additional information on the individual fund budgets can be found on the following pages. Combined Funds - Expenditures by Fund 30,000,000 25,000,000 General Fund Special Revenue Fund - Operational 15,000,000 Special Revenue Fund - Nonaidable Capital Projects Fund 10,000,000 Debt Service Fund Enterprise Fund Internal Service Fund 5,000,000 20,000,000 0 2005-06 2006-07 2007-08 2008-09 2009-10 2009 - 10 Plan & Budget – Budget 30 Lakeshore Technical College Table of Contents Combined Funds Budget Analysis—Expenditures Total expenditures in all funds are planned to increase by 6.35 percent over the 2008-09 budget including spending for wages, benefits, current expenses, and capital projects. Following is additional information for each expenditure function. The percent changes reflect wage and benefit increases. Instructional Instructional expenditures are up 10.03 percent for all funds. This includes a 6.35 percent increase in the general fund, a 14.0 percent increase in the special revenue - operating fund, a 3.57 percent increase in the special revenue - nonaidable fund, and a 53.5 percent increase in the capital projects fund. Increases in the general fund and special revenue – operating fund, including workforce solutions, are due to wage and benefit increases and additional expenditures for courses and contracts for the planned increase in enrollments. In addition, there was an increase in federal projects expenses mainly due to the New Energy project for $326,000. The increase in the special revenue – nonaidable fund is due to increased fiscal agent projects. Capital projects expenditures increased due to the wind turbine project which will be largely funded through grants. Instructional Resources The budget of $1,714,000 for learning support activities such as the library, computer labs, and instructional television increased by 2.70 percent, mainly due to wage and benefit increases. Student Services Expenditures of $5,617,000 for those services provided to students such as recruiting, admissions, registration, counseling, and financial aid increased by 9.79 percent. The largest increase of 16.36 percent or $355,000 is budgeted for increases in financial aid due to planned increases in enrollment followed by wage and benefit increases. General Institutional Expenditures of $5,097,000 for services that benefit the entire College increased by 5.53 percent, mainly due to wage and benefit increases. Physical Plant Expenditures of $8,678,000 for all services required for the operation and maintenance of the physical facilities, remodeling, and principal and interest payments decreased by 2.79 percent from the 2008-09 budget. General fund expenditures decreased by 4.55 percent due to reductions in administrative staff which offset wage and benefit increases. Capital projects decreased by 4.52 percent and debt service expenditures decreased by 0.85 percent. 2009-10 Expenditures by Function Auxiliary Services 1,700,000 3.58% Instruction 24,627,000 51.92% Physical Plant 8,678,000 18.30% General Institutional 5,097,000 10.75% Student Services 5,617,000 11.84% Instructional Resources 1,714,000 3.61% 2009 - 10 Plan & Budget – Budget 31 Lakeshore Technical College Table of Contents Budgeted Expenditures by Object Level – All Funds 2009-10 Budget Year General Personal Services: Salaries & Wages Fringe Benefits Total Current Expenses Capital Outlay Debt Service Total Budgeted Expenditures 15,657,000 6,514,000 22,171,000 4,512,000 26,683,000 Special Revenue* 3,096,000 1,064,000 4,160,000 5,261,000 9,421,000 Capital Projects 5,441,000 5,441,000 Debt Service 4,188,000 4,188,000 Enterprise 88,000 28,000 116,000 1,234,000 1,350,000 Internal Service 6,000 1,000 7,000 343,000 350,000 Total 18,847,000 7,607,000 26,454,000 11,350,000 5,441,000 4,188,000 47,433,000 *Includes Special Revenue Operational and Special Revenue-Nonaidable Funds 2009-10 Combined Funds - Expenditures by Object Level Debt Service 8.83% Capital Outlay 11.47% Salaries & Wages 39.73% Current Expenses 23.93% Fringe Benef its 16.04% 2009 - 10 Plan & Budget – Budget 32 Lakeshore Technical College Table of Contents Reserves and Designations Disclosure The LTC Board is required by Statute to disclose the fund balances of the District. Fund balance refers to the equity of the governmental funds and trust funds. Investment in General Fixed Assets: Represents the cost of general fixed assets. Retained Earnings: Represents the portion of the fund equity which has been accumulated from the operation of the Enterprise or Internal Service Funds. Retained earnings will not exceed $2,000,000 in 2009-10. Reserve for Encumbrances: Segregation of a portion of the fund balance for commitments related to unperformed contracts equal to the outstanding encumbrances of the fund. The Reserve for Encumbrance should not exceed 65 percent of the Governmental funds expenditure budget in 2009-10. Reserve for Student Organizations: Fund balance held in trust for student organizations. This reserve should not exceed $500,000 in 2009-10. Reserve for Capital Projects: Segregation of a portion of the fund balance which is exclusively and specifically for the acquisition and improvement of sites and for the acquisition, construction, equipping, and renovation of buildings. This reserve will not exceed $6,000,000 in 2009-10. Reserve for Debt Service: Segregation of a portion fund balance for resources legally restricted to the payment of general long-term debt principal and interest. The reserve for Debt Service shall not exceed $2,500,000 in 2009-10. Designated for Operations: A portion of unreserved fund balance which is designated to be used to provide for normal fluctuations in operating cash balances (working capital). The designation for operations may not exceed the documented cash flow deficit of the fund type in 2009-10. Designated for State Aid Fluctuations: A segregation of a portion of the unreserved fund balance to provide for variations in state aid and should not exceed 10 percent of the District's budgeted total state aids as listed in the current adopted budget in 2009-10. Designated for Subsequent Years: A segregation of a portion of unreserved fund balance to provide for variations in health insurance premiums and operations subsequent to the forthcoming budget year. An amount equal to 5 percent of the state aids in the current adopted budget must be in the Designated for Subsequent Year account before this can be used. This designation should not exceed 15 percent of the budgeted state aids in 2009-10. Designated for Subsequent Year: A segregation of a portion of the fund balance to fund operating expenditures and includes all fund balance not reserved or designated in the above classifications. This designation shall not exceed $2,000,000 in 2009-10. 2009 - 10 Plan & Budget – Budget 33 Lakeshore Technical College Table of Contents Estimated Changes in Fund Balance July 1, 2008 to June 30, 2010 Special RevenueOperational $ 176,616 4,727,000 4,795,000 0 (68,000) $ 108,616 5,446,000 5,446,000 0 0 $ 108,616 $ 0 276,806 $ Special RevenueNonaidable $ 276,806 3,570,000 3,570,000 0 0 276,806 3,975,000 3,975,000 General Beginning balance July 1, 2008 Revenues Expenditures Debt Proceeds Transfers to (from) fund balance Beginning balance July 1, 2009 Revenues Expenditures Debt Proceeds Transfers to (from) fund balance Ending balance June 30, 2010 $ $ $ 6,534,206 25,421,000 25,421,000 0 0 6,534,206 26,683,000 26,683,000 0 0 6,534,206 Capital Projects $ 4,920,769 523,000 4,915,000 2,000,000 (2,392,000) $ 2,528,769 773,000 5,441,000 5,000,000 332,000 $ 2,860,769 $ $ $ Debt Service 556,852 4,166,000 4,224,000 0 (58,000) 498,852 4,253,000 4,188,000 0 65,000 563,852 Enterprise $ 1,570,204 1,350,000 1,350,000 0 0 $ 1,570,204 1,350,000 1,350,000 0 0 $ 1,570,204 Internal Service $ 78,937 325,000 325,000 0 0 $ 78,937 350,000 350,000 0 0 $ 78,937 Total $ 14,114,390 40,082,000 44,600,000 2,000,000 (2,518,000) $ 11,596,390 42,830,000 47,433,000 5,000,000 397,000 $ 11,993,390 Changes to Fund Balance Capital Projects Fund: The transfers from fund balance are the excess of expenditures over bond proceeds and revenues for each fiscal year. Unused bond proceeds are used to finance future capital expenditures. Debt Service Fund: The transfers to fund balance are tax levy funds that are received in one fiscal year but are used early in the next fiscal year for interest payments due on note issues. Expenditures are recorded on a fiscal year basis and taxes are levied on a calendar year basis. 2009 - 10 Plan & Budget – Budget 34 Lakeshore Technical College Table of Contents Pro Forma Balance Sheet As of June 30, 2009 General Assets Cash and cash equivalents Investments Receivables: Tax Levy State Aid Federal General Receivables Miscellaneous Inventory Prepaid Expenditures Fixed Assets Amount Available in Debt Service Funds Amount to be Provided for Long-Term Obligations Total Assets Liabilities and Fund Equity Liabilities Accounts Payable Employee-Related Payables: Accrued Wages Compensated Absences Payroll Taxes, Retirement, Insurance Encumbrances Payable Deferred Revenues Deferred Comp. due to employees General Long-Term Debt Total Liabilities Fund Equity Investment in Fixed Assets Retained Earnings Reserved Fund Balance: Reserve for Prepaid Expenditures Reserve for Student Organizations Reserve for Capital Projects Reserve for Debt Service Designated Fund Balance: Designated for Operations Designated for State Aid Fluctuations Designated for Subsequent Years Designated for Subsequent Year Total Fund Equity Total Liabilities and Fund Equity $810,000 1,051,000 4,970,000 185,000 28,000 1,650,000 10,000 420,000 180,000 11,000 50,000,000 499,000 17,536,000 $18,035,000 Governmental Fund Types Special Special Revenue Revenue Debt Operating Nonaidable Service $5,000 $204,000 $261,000 Proprietary Fund Types Capital Projects $1,141,000 1,705,000 Internal Service $55,500 Account Groups General General LongFixed Assets Term Obligations Totals (Memo Only) $3,645,500 2,756,000 5,208,000 283,000 153,000 1,970,000 99,000 61,000 420,000 50,191,000 499,000 17,536,000 $82,821,500 Enterprise $1,169,000 238,000 98,000 60,000 63,000 5,000 65,000 47,000 8,000 210,000 74,000 30,000 2,000 31,000 $9,124,000 $231,000 $316,000 $499,000 $2,854,000 $1,663,000 $99,500 $50,000,000 $92,000 81,000 377,000 370,000 10,000 1,660,000 $44,500 39,500 $35,000 4,000 $175,000 $40,000 2,000 1,000 $20,000 $406,500 126,500 378,500 370,000 168,000 1,740,000 0 18,035,000 21,224,500 500 8,000 30,000 150,000 50,000 18,035,000 18,035,000 2,590,000 122,000 39,000 0 325,000 93,000 20,500 0 50,000,000 1,570,000 417,000 277,000 2,529,000 499,000 3,777,000 483,000 725,000 1,132,000 6,534,000 $9,124,000 79,000 50,000,000 1,649,000 417,000 277,000 2,529,000 499,000 3,777,000 483,000 725,000 1,241,000 61,597,000 $82,821,500 109,000 109,000 $231,000 277,000 $316,000 499,000 $499,000 2,529,000 $2,854,000 1,570,000 $1,663,000 79,000 $99,500 50,000,000 $50,000,000 0 $18,035,000 2009 - 10 Plan & Budget – Budget 35 Lakeshore Technical College Table of Contents Pro Forma Balance Sheet As of June 30, 2010 General Assets Cash and cash equivalents Investments Receivables: Tax Levy State Aid Federal General Receivables Miscellaneous Inventory Prepaid Expenditures Fixed Assets Amount Available in Debt Service Funds Amount to be Provided for Long-Term Obligations Total Assets Liabilities and Fund Equity Liabilities Accounts Payable Employee-Related Payables: Accrued Wages Compensated Absences Payroll Taxes, Retirement, Insurance Encumbrances Payable Deferred Revenues Deferred Comp. due to employees General Long-Term Debt Total Liabilities Fund Equity Investment in Fixed Assets Retained Earnings Reserved Fund Balance: Reserve for Prepaid Expenditures Reserve for Student Organizations Reserve for Capital Projects Reserve for Debt Service Designated Fund Balance: Designated for Operations Designated for State Aid Fluctuations Designated for Subsequent Years Designated for Subsequent Year Total Fund Equity Total Liabilities and Fund Equity $890,000 1,255,000 4,960,000 155,000 37,000 1,455,000 20,000 365,000 180,000 11,000 50,000,000 482,000 18,893,000 $19,375,000 Governmental Fund Types Special Special Revenue Revenue Debt Operating Nonaidable Service $10,000 $189,000 $337,000 Proprietary Fund Types Capital Projects $1,016,000 2,132,000 Internal Service $63,500 Account Groups General Fixed Assets General LongTerm Obligations Totals (Memo Only) $3,776,500 3,387,000 5,187,000 255,000 191,000 1,815,500 67,500 50,000 365,000 50,191,000 482,000 18,893,000 $84,660,500 Enterprise $1,271,000 227,000 100,000 79,000 45,000 7,000 75,000 55,500 8,000 260,000 30,000 28,000 2,500 22,000 $9,137,000 $241,000 $319,500 $564,000 $3,156,000 $1,769,000 $99,000 $50,000,000 $173,000 87,000 405,000 425,000 20,000 1,493,000 $47,000 42,000 $38,000 4,500 $135,000 $40,000 2,500 1,500 $19,000 $452,000 136,000 407,500 425,000 188,000 1,683,000 0 19,375,000 22,666,500 1,000 8,000 35,000 160,000 155,000 19,375,000 19,375,000 2,603,000 132,000 42,500 0 295,000 199,000 20,000 0 50,000,000 1,570,000 427,000 277,000 2,861,000 564,000 3,768,000 483,000 725,000 1,131,000 6,534,000 $9,137,000 79,000 50,000,000 1,649,000 427,000 277,000 2,861,000 564,000 3,768,000 483,000 725,000 1,240,000 61,994,000 $84,660,500 109,000 109,000 $241,000 277,000 $319,500 564,000 $564,000 2,861,000 $3,156,000 1,570,000 $1,769,000 79,000 $99,000 50,000,000 $50,000,000 0 $19,375,000 2009 - 10 Plan & Budget – Budget 36 Lakeshore Technical College Table of Contents Notes to Pro-Forma Balance Sheet The Pro-Forma Balance Sheets represents a projected estimate of the June 30, 2009 and June 30, 2010 financial position of LTC prepared as of May 12, 2009. Assets Cash and Cash Equivalents: Includes funds in secured interest-bearing and noninterest-bearing accounts at local financial institutions and the State of Wisconsin Local Government Investment Pool. Investments: Include investments in Government Securities, certificates of deposit and other investments with banks. Receivables: Estimated amounts due primarily from tax levy, state and federal projects, contract training and agency billings. Amount Available in Debt Service Funds: An account in the general long-term debt group of accounts which designates the amount of assets available in a Debt Service Fund for the retirement of the general obligation debt. Amount to be Provided for Long-Term Obligations: An account in the general long-term debt group of accounts which represents the amount to be provided from taxes or other general revenue to retire outstanding general obligation indebtedness. Liabilities and Fund Equity General Long Term Debt: Principal payments due on the general obligation debt recorded in the Debt Service Fund. Deferred Revenues: Student program and material fees paid in advance. 2009 - 10 Plan & Budget – Budget 37 Lakeshore Technical College Table of Contents Budget Review by Fund The following pages provide additional detail on the budgets in each of the College's funds. A fund is an independent fiscal accounting entity made up of a self balancing group of accounts which are established for a specific purpose or objective. A description of the activity occurring in each fund is presented along with an analysis. Supplemental tables, charts, and graphs are also provided when appropriate. 2009 - 10 Plan & Budget – Budget 38 Lakeshore Technical College Table of Contents General Fund 2009-10 Budgetary Statement of Resources, Uses, and Changes in Fund Balance 2006-07 Actuals REVENUES Local Government General State Aids State Grants Program Fees Material Fees Other Student Fees Institutional Federal Total Revenue EXPENDITURES Instruction Instructional Resources Student Services General Institutional Physical Plant Total Expenditures 14,596,521 3,464,869 462,279 3,957,132 272,834 390,567 420,931 16,869 23,582,002 2007-08 Actuals (1) 15,102,510 3,020,740 435,610 4,287,981 280,694 435,884 641,321 3,337 24,208,077 2008-09 Budget 15,771,000 3,179,000 421,000 4,636,000 300,000 452,000 652,000 10,000 25,421,000 2008-09 Estimate (2) 15,771,000 3,179,000 411,000 4,736,000 300,000 402,000 612,000 10,000 25,421,000 2009-10 Budget 16,105,000 3,134,000 430,000 5,540,000 335,000 475,000 654,000 10,000 26,683,000 13,833,464 1,169,792 2,459,925 3,937,849 1,686,649 23,087,679 14,303,120 1,192,355 2,675,351 3,832,090 1,757,188 23,760,104 15,226,000 1,291,000 2,836,000 4,310,000 1,758,000 25,421,000 15,226,000 1,291,000 2,836,000 4,310,000 1,758,000 25,421,000 16,193,000 1,245,000 2,988,000 4,579,000 1,678,000 26,683,000 Net Revenue (Expenditures) 494,323 447,973 0 0 0 OTHER SOURCES (USES) Operating Transfer In (Out) Total Resources (Uses) TRANSFERS TO (FROM) FUND BALANCE Reserve for Prepaids & Inventories Reserve for Operations Designated for State Aid Fluctuations Designated for Subsequent Years Designated for Subsequent Year Total Transfers to (From) Fund Balance Beginning Fund Balance Ending Fund Balance 0 494,323 0 447,973 0 0 0 0 0 0 55,110 534,934 0 0 (95,721) 494,323 5,591,910 6,086,233 41,535 (34,562) 16,000 425,000 0 447,973 6,086,233 6,534,206 0 0 0 0 0 0 6,534,206 6,534,206 0 0 0 0 0 0 6,534,206 6,534,206 0 0 0 0 0 0 6,534,206 6,534,206 (1) Actual is presented on a budgetary basis (2) Estimate is based upon 9 months of actual and 3 months of estimate 2009 - 10 Plan & Budget – Budget 39 Lakeshore Technical College Table of Contents General Fund Fund Description The General Fund is used to account for all financial activities except those required to be accounted for in another fund. Analysis Total General Fund revenues are up 4.96 percent from the 2008-09 budget. General Fund expenditures are also up 4.96 percent from the previous year's budget. This increase in expenditures reflects a wage increase of 6.59 percent and a benefit increase of 6.87 percent resulting in an overall increase in personal services of 6.81 percent, as well as the allocation of resources to accomplish the College’s strategic plan. Through the budget review process, current expenditures were reduced 2.69 percent. The following information is provided for each function. Percent changes listed on the following reports include wage and benefit increases as well as any reductions or reallocations of resources. The items discussed in the analysis highlight significant changes in a function. Instruction-related expenditures are up 6.35 percent and reflect 60.69 percent of the General Fund Budget. The wage and benefit increase of 6.81 percent was offset by a decrease in current expenses in instruction. Instructional Resources expenditures decreased 3.56 percent and reflect 4.67 percent of the General Fund Budget. The decrease is due to decreases in maintenance contracts and other current expenses. Student services expenditures increased 5.36 percent and reflect 11.20 percent of the General Fund Budget. This increase is due to wage and benefit increases offset by a decrease in current expenses. General Institutional expenditures increased 6.24 percent and reflect 17.16 percent of the General Fund Budget. The increase is due to wage and benefit increases and a decrease in maintenance contracts. Physical Plant expenditures decreased 4.55 percent and reflect 6.29 percent of the General Fund Budget. The decrease was due to reductions in administrative staff which offset wage and benefit increases. 2009-10 General Fund Revenues Institutional 2.45% 2009-10 General Fund Expenditures Physical Plant 6.29% General Institutional 17.16% State Aids 11.75% Federal 0.04% Student Fees 23.80% State Grants 1.61% Local Government 60.36% Student Services 11.20% Instructional Resources 4.67% Instruction 60.69% 2009 - 10 Plan & Budget – Budget 40 Lakeshore Technical College Table of Contents General Fund Summary by Division/Department DESCRIPTION Instruction Agriculture Business & Marketing Graphics Home Economics Industrial Service & Health Occup Technical General Education Academic Administration Total Instruction Instructional Resources Library_Learning Resource Ctr Audio Visual Services Instructional Data Processing Other Instructional Resources Total Instructional Resources Student Services Admissions Registration Student Services Records Student_Financials Recruitment Placement Guidance_Counseling Vocational Assessment Health Services Student Development Financial Aids_Veterans Affair Student Services Division Exp Student Services Administrat Enrollment Management Total Student Services General Institutional District Board President_Director's Office Administrative Financial Serv Administrative Data Processing Wilm Marketing Development - Foundation College Relations Human Resources Employee Development Staff Development Diversity Central Services Purchasing Mailroom Telecommunications General Institutional Institutional Research Retiree Inservice General Institutional Adm Total General Institutional Physical Plant Physical Plant Telecommunications charges Police & Security Services Physical Plant Budget Control Total Physical Plant DEPT 2007-08 Actuals 373,514 3,015,488 117,671 236,715 1,837,372 4,425,537 716,735 1,685,885 1,894,203 14,303,119 2008-09 Budget 409,854 3,107,320 43,003 242,384 2,106,199 4,527,097 814,536 1,925,187 2,050,420 15,226,000 Budget 432,849 3,185,772 43,539 244,039 2,188,776 4,904,397 822,554 1,957,955 2,413,119 16,193,000 2009-10 Increase (Decrease) 22,995 78,452 536 1,655 82,577 377,300 8,018 32,768 362,699 967,000 Percent Change 5.61% 2.52% 1.25% 0.68% 3.92% 8.33% 0.98% 1.70% 17.69% 6.35% 92100 92200 92300 92800 328,509 359,553 503,952 341 1,192,355 328,574 346,862 568,229 47,335 1,291,000 330,705 354,597 539,969 19,729 1,245,000 2,131 7,735 (28,260) (27,606) (46,000) 0.65% 2.23% -4.97% -58.32% -3.56% 93101 93102 93103 93105 93201 93202 93300 93301 93401 93405 93500 93803 93900 93902 430,585 254,915 280,089 235,733 210,633 78,550 348,617 160,849 42,013 0 178,752 13,862 175,388 265,364 2,675,351 394,906 228,747 323,247 235,100 111,252 81,606 333,789 184,821 61,646 288,769 210,690 8,161 80,684 292,582 2,836,000 439,968 264,953 300,603 239,954 120,160 79,926 370,999 191,525 60,505 255,598 218,500 7,661 122,355 315,292 2,988,000 45,062 36,206 (22,644) 4,854 8,908 (1,680) 37,210 6,704 (1,141) (33,171) 7,810 (500) 41,671 22,710 152,000 11.41% 15.83% -7.01% 2.06% 8.01% -2.06% 11.15% 3.63% -1.85% -11.49% 3.71% -6.13% 51.65% 7.76% 5.36% 95100 95200 95300 96100 96102 96300 96301 96303 96400 96403 96404 96405 96600 96601 96603 96604 96800 96801 96803 96804 96900 45,733 294,474 496,251 258,127 663,188 157,971 22,394 201,237 509,255 0 213,561 21,627 (4,010) 47,882 183,686 91,384 208,730 207,396 188,730 5,724 18,750 3,832,090 46,318 346,178 521,991 265,802 703,302 225,199 117,853 183,771 551,880 0 219,035 24,271 93,035 51,570 179,084 108,865 220,000 226,366 196,894 6,422 22,164 4,310,000 46,411 378,588 555,675 271,061 725,453 254,217 130,068 128,638 560,017 6,000 225,525 23,126 41,191 0 171,314 99,971 238,128 264,620 423,596 6,422 28,979 4,579,000 93 32,410 33,684 5,259 22,151 29,018 12,215 (55,133) 8,137 6,000 6,490 (1,145) (51,844) (51,570) (7,770) (8,894) 18,128 38,254 226,702 0 6,815 269,000 0.20% 9.36% 6.45% 1.98% 3.15% 12.89% 10.36% -30.00% 1.47% 0.00% 2.96% -4.72% -55.73% -100.00% -4.34% -8.17% 8.24% 16.90% 115.14% 0.00% 30.75% 6.24% 97800 97801 97803 97900 1,590,191 91,077 75,920 0 1,757,188 1,572,568 98,625 79,876 6,931 1,758,000 1,491,196 96,300 80,004 10,500 1,678,000 (81,372) (2,325) 128 3,569 (80,000) -5.17% -2.36% 0.16% 51.49% -4.55% Total Noninstructional TOTAL 9,456,984 23,760,104 10,195,000 25,421,000 10,490,000 26,683,000 295,000 1,262,000 2.89% 4.96% 2009 - 10 Plan & Budget – Budget 41 Lakeshore Technical College Table of Contents General Fund Expenditures by Classification 2006-07 Actuals Salaries: Administrator Instr Related Administrator Instructional Supervisor Instr Related Supervisor Counselor Administrative and Managerial Professional Nonfaculty Clerical/Secretarial Part Time Clerical Non-instr Supervsr/Coordinator Technical/Paraprofessional Tech/Paraprofess Other Earning Skilled Crafts Skilled Crafts Other Earnings Service/Maintenance Part Time Service/Maintenance Instructor Wages Adult Education Staff Instructional Travel Time Instructor - Other Management Vacation Accrual Support Staff Vacation Accrual Budget Control Wages Student Employees Total Salaries Benefits: Retiree Fringe Benefits Undistributed Fringe Benefits Miscellaneous Benefits Total Benefits Total Personal Services Current Expenses: Travel - Meeting Expenses Vehicle Expense Staff Development Tuition Reimbursement Dues/Memberships/Subscriptions Instructional Supplies Noninstructional Supplies Minor Equipment Library Acq - Reference Books Postage Inst Dup/Printing/Graphics Noninstr Dup/Prnt/Graphics Advertising/Promotions Repairs Teacher Certification Professional Academic Contract Other Contracts and Services Maintenance Contracts Professional Fees Equipment Rental Facilities Rental Uncollectible Student Fee Exp. BankSvc/CreditCd/Coll Fees Workers Compensation Insurance Unemployment Insurance Liability Insurance Electricity Sewer/Water Heat Telephone Budgetary Control Other Expenditures Total Current Expenses 5001 5002 5007 5008 5013 5031 5037 5043 5044 5049 5055 5057 5061 5062 5067 5068 5073 5075 5076 5077 5041 5060 5091 5094 122,615 343,691 569,271 88,662 222,590 338,006 659,311 427,854 32,287 374,269 2,595,714 47,843 210,250 19,680 46,382 89,472 6,251,804 512,962 147 380,700 (23,737) (4,022) 0 33,330 13,339,083 2007-08 Actuals 114,491 376,387 578,375 26,079 265,162 367,119 535,928 434,057 10,279 554,457 2,821,061 25,998 221,854 30,405 48,559 94,836 6,621,651 490,402 189 369,619 7,983 (8,904) 0 18,873 14,004,858 2008-09 Budget 288,830 218,540 653,226 97,516 250,737 366,749 404,339 451,946 17,494 694,391 2,728,507 251,005 225,916 23,680 49,426 96,667 7,232,988 278,866 0 348,277 0 0 (32,922) 43,000 14,689,178 2009-10 Budget 287,922 202,724 693,344 134,399 276,380 407,981 456,184 483,403 13,429 697,205 2,899,067 253,876 168,139 30,034 50,586 99,567 7,882,214 250,203 0 322,006 0 0 0 48,435 15,657,098 Increase (Decrease) (908) (15,816) 40,118 36,883 25,643 41,232 51,845 31,457 (4,065) 2,814 170,560 2,871 (57,777) 6,354 1,160 2,900 649,226 (28,663) 0 (26,271) 0 0 32,922 5,435 967,920 Percent Change -0.31% -7.24% 6.14% 37.82% 10.23% 11.24% 12.82% 6.96% -23.24% 0.41% 6.25% 1.14% -25.57% 26.83% 2.35% 3.00% 8.98% -10.28% 0.00% -7.54% 0.00% 0.00% -100.00% 12.64% 6.59% 5118 5119 5159 427,241 4,937,863 0 5,365,104 18,704,187 477,117 5,052,109 0 5,529,226 19,534,083 555,000 5,412,016 128,000 6,095,016 20,784,194 538,000 5,800,948 175,000 6,513,948 22,171,046 (17,000) 388,932 47,000 418,932 1,386,852 -3.06% 7.19% 36.72% 6.87% 6.81% 5201 5202 5210 5212 5213 5230 5231 5232 5233 5234 5260 5261 5271 5281 5290 5301 5351 5352 5353 5411 5419 5432 5434 5442 5443 5444 5452 5453 5454 5455 5660 5699 226,047 18,557 59,487 24,360 127,434 320,120 230,500 66,520 6,502 151,405 64,610 116,406 204,421 69,289 10,204 219,115 520,773 950,484 139,272 2,572 4,781 35,130 56,903 56,715 14,552 88,605 311,497 44,490 133,813 98,782 0 10,147 4,383,492 263,842 27,930 58,566 20,739 110,912 365,540 239,123 95,789 5,958 120,974 73,802 116,865 152,274 74,404 10,858 143,438 531,677 736,083 153,546 14,655 3,260 36,526 58,385 70,315 2,662 74,868 343,594 46,872 158,152 92,900 0 21,513 4,226,021 253,447 17,200 120,276 36,474 133,557 380,503 230,134 114,425 13,928 147,600 81,423 153,181 171,152 80,721 10,800 181,199 1,126,341 192,705 179,274 29,000 2,200 40,000 59,021 57,200 10,000 110,000 329,800 50,000 147,500 98,625 59,319 19,801 4,636,806 246,048 18,000 112,837 36,774 125,509 350,776 223,101 104,955 13,056 143,500 71,041 161,996 150,205 70,521 10,800 154,094 1,203,231 196,199 158,174 29,000 3,200 40,000 59,021 82,453 10,000 85,000 329,800 50,000 147,500 96,500 4,708 23,955 4,511,954 (7,399) 800 (7,439) 300 (8,048) (29,727) (7,033) (9,470) (872) (4,100) (10,382) 8,815 (20,947) (10,200) 0 (27,105) 76,890 3,494 (21,100) 0 1,000 0 0 25,253 0 (25,000) 0 0 0 (2,125) (54,611) 4,154 (124,852) -2.92% 4.65% -6.18% 0.82% -6.03% -7.81% -3.06% -8.28% -6.26% -2.78% -12.75% 5.75% -12.24% -12.64% 0.00% -14.96% 6.83% 1.81% -11.77% 0.00% 45.45% 0.00% 0.00% 44.15% 0.00% -22.73% 0.00% 0.00% 0.00% -2.15% -92.06% 20.98% -2.69% Total General Fund Expenditures 23,087,679 23,760,104 25,421,000 26,683,000 1,262,000 4.96% 2009 - 10 Plan & Budget – Budget 42 Lakeshore Technical College Table of Contents Special Revenue Fund - Operational 2009-10 Budgetary Statement of Resources, Uses, and Changes in Fund Balance 2006-07 Actuals REVENUES Local Government General State Aids State Grants Other Student Fees Institutional Federal Total Revenue EXPENDITURES Instruction Student Services Total Expenditures Net Revenue (Expenditures) OTHER SOURCES (USES) Operating Transfer In (Out) Total Resources (Uses) TRANSFERS TO (FROM) FUND BALANCE Reserve for Operations Designated for Subsequent Year Total Transfers to (From) Fund Balance Beginning Fund Balance Ending Fund Balance 977,000 541,441 486,520 0 1,081,978 1,037,377 4,124,316 2007-08 Actuals (1) 1,043,500 569,752 463,101 0 1,080,893 1,000,720 4,157,966 2008-09 Budget 1,019,000 520,000 468,000 40,000 1,263,000 1,417,000 4,727,000 2008-09 Estimate (2) 1,019,000 520,000 468,000 40,000 1,263,000 1,377,000 4,687,000 2009-10 Budget 1,179,000 624,000 624,000 20,000 1,494,000 1,505,000 5,446,000 4,008,994 95,683 4,104,677 19,639 4,046,213 90,960 4,137,173 20,793 4,692,000 103,000 4,795,000 (68,000) 4,652,000 103,000 4,755,000 (68,000) 5,349,000 97,000 5,446,000 0 0 19,639 0 20,793 0 (68,000) 0 (68,000) 0 0 0 19,639 19,639 136,184 155,823 0 20,793 20,793 155,823 176,616 0 (68,000) (68,000) 176,616 108,616 0 (68,000) (68,000) 176,616 108,616 0 0 0 108,616 108,616 (1) Actual is presented on a budgetary basis (2) Estimate is based upon 9 months of actual and 3 months of estimate 2009 - 10 Plan & Budget – Budget 43 Lakeshore Technical College Table of Contents Special Revenue Fund - Operational Fund Description The Special Revenue Fund - Operational is used to account for the financial activity funded by specific revenue sources. LTC utilizes this fund to account for projects funded by federal and state funds and contracted service activity. Workforce Solutions Workforce Solutions saw a slowdown in activity over the last year as the needs of the community changed due to a downturn in the economy. The focus began to shift from expanding training services for new and incumbent workers to serving a dislocated worker population. This has resulted in a decrease in the number of 38.14 contracts written. Market segments targeted included welding, renewable energy, media services, environmental health and safety, lean manufacturing, ISO 9000, Six Sigma, manufacturing processes, leadership skills, team training, and supervisory management. The Workforce Solutions team has been part of a statewide effort in the area of Advanced Manufacturing Solutions. This initiative included major outreach efforts to the manufacturing community which was followed by some specific product offerings. These include lean manufacturing, Six Sigma, OSHA authorized safety training, and energy conservation training. These products have been offered as seminar/workshops, certificate programs, or 38.14 contracts depending upon the customer needs and the marketing strategy used to market them. The future of Workforce Solutions services depends on embracing new technology, partnerships, and ways of delivering education so that LTC can continue to train “tomorrow’s work force” and make the District economically strong. The area continues to incorporate a customer management system to improve customer relationships. These services will need to adjust to an ever-changing economy as the local business community looks to rebound. Section 38.14(3) of the Wisconsin Statutes permits LTC to provide customized instruction, technical assistance, and fiscal and management services to educational institutions, Wisconsin local government units, business and industry, and the federal government. Federal and State Funded Projects The College applies for funding from state and federal sources to fund activities that include special population student services, goal-oriented adult learning program, Tech Prep, program modification and curriculum development, and instruction. All projects except instruction projects are accounted for in the Special Revenue Fund. Expenditures for equipment pertaining to projects are accounted for in the Capital Projects Fund. Instruction projects are accounted for in the General Fund. The Carl D. Perkins IV Vocational and Technical Education Act focuses on achieving student success, skill attainment, programs of study, program improvement, and nontraditional services. The program improvement grants target the Nursing Associate Degree, Auto Maintenance, Industrial Maintenance, Machine Tool programs, and Information Technology-Computer Support Specialist. The Adult Education and Family Literacy Act provides funds to assist adults in improving literacy skills, completing a secondary school education and providing basic education for the incarcerated. Workplace Adult Basic Education grants provide basic education on-site at company locations. Workforce Advancement Training Grants promote increased investment in the development of incumbent workers, improve Wisconsin businesses’ productivity and competitiveness, and augment the State’s economic base by expanding technical college training services to business and industry. Other grants include International Education, NEW Energy Grant, Tech Prep, and School to Work. 2009 - 10 Plan & Budget – Budget 44 Lakeshore Technical College Table of Contents The Midwest Consortium for Hazardous Waste Worker Training is composed of eight Midwestern universities and was formed in early 1987 in response to a request for proposal from the National Institute of Environmental Health Sciences. LTC will again be a key player in the Consortium during the 2009-10 fiscal year as an additional grant award has been extended through the year 2010. Analysis Expenditures in the Special Revenue Fund-Operational are budgeted to increase 13.58 percent from the 2008-09 budget. Federal and state project expenditures are expected to increase 9.22 percent largely due to additional federal projects received. Due to anticipated increases in contracts for dislocated workers, expenditures for Workforce Solutions are expected to increase 25.92 percent from the 2008-09 budget. The following budget summaries provide additional detail on grants and projects and Workforce Solutions contracts. 2009 - 10 Plan & Budget – Budget 45 Lakeshore Technical College Table of Contents Special Revenue Fund - Operational Workforce Solutions 2009-10 Budgetary Statement of Resources, Uses, and Changes in Fund Balance 2006-07 Actuals REVENUES Local Government General State Aids Other Student Fees Institutional Total Revenue EXPENDITURES Instruction Student Services Total Expenditures Net Revenue (Expenditures) OTHER SOURCES (USES) Operating Transfer In (Out) Total Resources (Uses) TRANSFERS TO (FROM) FUND BALANCE Reserve for Operations Designated for Subsequent Year Total Transfers to (from) Fund Balance Beginning Fund Balance Ending Fund Balance 119,000 64,000 0 1,020,874 1,203,874 2007-08 Actuals (1) 56,500 169,000 0 1,020,035 1,245,535 2008-09 Budget 59,000 34,000 0 1,157,000 1,250,000 2008-09 Estimate (2) 59,000 34,000 0 1,157,000 1,250,000 2009-10 Budget 140,000 34,000 0 1,400,000 1,574,000 1,203,434 383 1,203,817 57 1,195,478 0 1,195,478 50,057 1,241,000 9,000 1,250,000 0 1,241,000 9,000 1,250,000 0 1,571,000 3,000 1,574,000 0 0 57 0 50,057 0 0 0 0 0 0 57 57 97 154 0 50,057 50,057 154 50,211 0 0 0 50,211 50,211 0 0 0 50,211 50,211 0 50,211 50,211 (1) Actual is presented on a budgetary basis (2) Estimate is based upon 9 months of actual and 3 months of estimate 2009 - 10 Plan & Budget – Budget 46 Lakeshore Technical College Table of Contents Special Revenue Fund - Operational Grants and Projects 2009-10 Budgetary Statement of Resources, Uses, and Changes in Fund Balance 2006-07 Actuals REVENUES Local Government General State Aids State Grants Other Student Fees Institutional Federal Total Revenue EXPENDITURES Instruction Student Services Total Expenditures Net Revenue (Expenditures) OTHER SOURCES (USES) Operating Transfer In (Out) Total Resources (Uses) TRANSFERS TO (FROM) FUND BALANCE Reserve for Operations Designated for Subsequent Year Total Transfers to (from) Fund Balance Beginning Fund Balance Ending Fund Balance 858,000 477,441 486,520 0 61,104 1,037,377 2,920,442 2007-08 Actuals (1) 987,000 400,752 463,101 0 60,858 1,000,720 2,912,431 2008-09 Budget 960,000 486,000 468,000 40,000 106,000 1,417,000 3,477,000 2008-09 Estimate (2) 960,000 486,000 468,000 40,000 106,000 1,377,000 3,437,000 2009-10 Budget 1,039,000 590,000 624,000 20,000 94,000 1,505,000 3,872,000 2,805,560 95,300 2,900,860 19,583 2,850,735 90,960 2,941,695 (29,264) 3,451,000 94,000 3,545,000 (68,000) 3,411,000 94,000 3,505,000 (68,000) 3,778,000 94,000 3,872,000 0 0 19,583 0 (29,264) 0 (68,000) 0 (68,000) 0 19,583 19,583 136,088 155,671 (29,264) (29,264) 155,671 126,407 (68,000) (68,000) 126,407 58,407 (68,000) (68,000) 126,407 58,407 0 0 58,407 58,407 (1) Actual is presented on a budgetary basis (2) Estimate is based upon 9 months of actual and 3 months of estimate 2009 - 10 Plan & Budget – Budget 47 Lakeshore Technical College Table of Contents Special Revenue Fund - Nonaidable 2009-10 Budgetary Statement of Resources, Uses, and Changes in Fund Balance 2006-07 Actuals REVENUES State Aids Other Student Fees Institutional Federal Total Revenue EXPENDITURES Instruction Student Services Total Expenditures Net Revenue (Expenditures) OTHER SOURCES (USES) Operating Transfer In (Out) Total Resources (Uses) TRANSFERS TO (FROM) FUND BALANCE Reserve for Student Organizations Total Transfers to (From) Fund Balance Beginning Fund Balance Ending Fund Balance 303,881 164,514 324,561 3,353,710 4,146,666 2007-08 Actuals (1) 405,285 242,474 138,037 1,958,512 2,744,308 2008-09 Budget 200,000 275,000 90,000 3,005,000 3,570,000 2008-09 Estimate (2) 200,000 275,000 90,000 3,005,000 3,570,000 2009-10 Budget 450,000 310,000 115,000 3,100,000 3,975,000 2,687,399 1,448,097 4,135,496 11,170 1,055,977 1,657,774 2,713,751 30,557 1,400,000 2,170,000 3,570,000 0 1,400,000 2,170,000 3,570,000 0 1,450,000 2,525,000 3,975,000 0 0 11,170 0 30,557 0 0 0 11,170 11,170 235,079 246,249 30,557 30,557 246,249 276,806 0 0 276,806 276,806 0 276,806 276,806 0 0 276,806 276,806 (1) Actual is presented on a budgetary basis (2) Estimate is based upon 9 months of actual and 3 months of estimate 2009 - 10 Plan & Budget – Budget 48 Lakeshore Technical College Table of Contents Special Revenue Fund - Nonaidable Fund Description The Special Revenue Fund - Nonaidable is used to account for assets held by the college in a trustee capacity or as an agent for individuals, private organizations, other governmental units, or other funds that are not aidable from the State. LTC utilizes this fund to account for financial aid programs, student clubs and fiscal agent projects. Student financial aid programs administered through the District are the Federal College Work Study program, Supplemental Educational Opportunity Grants (SEOG), and Pell Grants. Also included in this fund are student organizations and projects from various agencies for which LTC serves as the fiscal agent. Analysis Expenditures in the Special Revenue Fund – Nonaidable are projected to be $3,975,000, an increase of $405,000 from the 2008-09 budget of $3,570,000. Financial aid expenditures are expected to increase by $310,000 due to projected enrollment increases and the increase in the Pell grant awards. Funding for the student financial assistance programs will be provided through federal sources ($2,100,000) and institutional sources ($30,000). Student organization expenditures are funded entirely through user fees and fundraisers and are expected to be $395,000. Fiscal agent projects of $1,450,000 are funded through state and federal revenue. Federal Work-study Revenues: State Aids Other Student Fees Institutional Revenue Federal Revenue Total Revenue Expenses: Instruction Student Services General Institutional Total Expenses 0 0 0 50,000 50,000 Wisconsin Scholars Student Organizations 0 310,000 85,000 0 395,000 Fiscal Agent Projects 450,000 0 0 1,000,000 1,450,000 SEOG 0 0 0 50,000 50,000 PELL 0 0 0 2,000,000 2,000,000 Total 450,000 310,000 115,000 3,100,000 3,975,000 30,000 0 30,000 0 50,000 0 50,000 0 50,000 0 50,000 30,000 0 2,000,000 0 2,000,000 0 395,000 0 395,000 1,450,000 0 0 1,450,000 1,450,000 2,525,000 0 3,975,000 30,000 Special Revenue Fund - Nonaidable Federal Work Study 50,000 1% Fiscal Agent Projects 1,450,000 37% PELL 2,000,000 50% Student Organizations 395,000 10% Wisconsin Scholars 30,000 1% SEOG 50,000 1% 2009 - 10 Plan & Budget – Budget 49 Lakeshore Technical College Table of Contents Capital Projects Fund 2009-10 Budgetary Statement of Resources, Uses, and Changes in Fund Balance 2006-07 Actuals REVENUES Local Government State Aids Institutional Federal Total Revenue EXPENDITURES Instruction Instructional Resources Student Services General Institutional Physical Plant Total Expenditures Net Revenue (Expenditures) OTHER SOURCES (USES) Proceeds from Debt Total Resources (Uses) TRANSFERS TO (FROM) FUND BALANCE Reserve for Capital Projects Total Transfers to (From) Fund Balance Beginning Fund Balance Ending Fund Balance 0 30,685 229,061 0 259,746 2007-08 Actuals (1) 0 105,621 152,893 0 258,514 2008-09 Budget 36,000 325,000 162,000 0 523,000 2008-09 Estimate (2) 36,000 50,000 437,000 60,000 583,000 2009-10 Budget 72,000 44,000 419,000 238,000 773,000 608,728 590,583 8,062 597,840 1,881,869 3,687,082 (3,427,336) 1,533,491 430,682 7,929 457,014 1,888,007 4,317,123 (4,058,609) 1,065,000 378,000 7,000 520,000 2,945,000 4,915,000 (4,392,000) 1,125,000 378,000 7,000 520,000 2,945,000 4,975,000 (4,392,000) 1,635,000 469,000 7,000 518,000 2,812,000 5,441,000 (4,668,000) 5,000,000 1,572,664 5,300,000 1,241,391 2,000,000 (2,392,000) 2,000,000 (2,392,000) 5,000,000 332,000 1,572,664 1,572,664 2,106,714 3,679,378 1,241,391 1,241,391 3,679,378 4,920,769 (2,392,000) (2,392,000) 4,920,769 2,528,769 (2,392,000) (2,392,000) 4,920,769 2,528,769 332,000 332,000 2,528,769 2,860,769 (1) Actual is presented on a budgetary basis (2) Estimate is based upon 9 months of actual and 3 months of estimate 2009 - 10 Plan & Budget – Budget 50 Lakeshore Technical College Table of Contents Capital Projects Fund Fund Description The Capital Projects Fund is used to account for the financial activity of all capital expenditure projects regarding the acquisition of sites, purchase or construction of buildings, lease/purchase of buildings, remodeling and improvement of buildings, and purchase of capital equipment. The College prepares a capital projects and equipment plan that provides detail and financial projections for the various projects. Expenditures in the Capital Projects Fund are primarily financed through the issuance of general obligation promissory notes, tax levy, and grants. Definitions For borrowing purposes, capital equipment is defined by state statute as furniture or equipment with a value of $500 or more and a useful life of two years or more. All capital equipment that will be funded through the issuance of general obligation promissory notes is budgeted in the Capital Projects Fund. Capital projects consist of new construction, land purchases, building improvements and site improvements. New construction includes additional square footage to an existing building or construction of a new building. Land purchases are the purchase of additional land for the College. Building improvements include improvements to a building to extend the useful life or remodeling that changes the configuration of a room or building to extend the useful life and to meet the needs of the College. Site improvements are improvements to the land. The College uses the definitions that have been developed by the WTCS Board. Planning The College has completed a five-year Master Facility Plan. This plan allows the College to make the best use of its resources through careful, methodical planning to meet current and future student and community needs. In addition to the Master Facility Plan, an infrastructure and cabling assessment plan is being completed in 2008-09. Working with consultants and architects, the development of this plan provides a long-range focus to replacing and improving the infrastructure of the College. The cabling infrastructure assessment helps the College plan for future technology needs and interconnects the technology systems that currently are in place. Annually, capital projects are defined that support the College’s master plan, facility plan, and annual plans. The projects are reviewed by facilities staff, managers and the leadership team to ensure alignment with College needs. The leadership team prioritizes and approves the capital projects that will be included in the annual plan. Infrastructure improvements are also included in the annual capital projects plan. The master facility plan is then updated based on the annual capital projects plan. The three major components of the equipment portion of the Capital Projects Fund budget are replacement and improved instructional equipment, equipment for administrative needs, and technology equipment. A multi-year technology refresh plan has been developed to assist the College in planning for technology purchases for computers, printers, servers, hardware, instructional television and audio visual equipment. Other technology projects include upgrading and developing information technology systems and equipment. In addition to the allocations for instructional, administrative, and technology equipment, budget dollars are set aside for new instructional programs and technology needs. Analysis Expenditures in the Capital Projects Funds are projected to be $5,441,000 including the following projects. The College plans on borrowing $5,000,000 in 2009-10 to fund remodeling, site improvements and multiyear purchases of equipment. 2009 - 10 Plan & Budget – Budget 51 Lakeshore Technical College Equipment Table of Contents The annual expenditures for new and replacement equipment are projected to be $1,781,000. This includes $1,635,000 (92 percent of the total) to be used to support instructional needs and development. $520,000 of the instructional equipment budget is allocated towards the purchase and installation of wind turbines for the College. This project started in 2008-09 with the purchase of a wind turbine and will continue in 2009-10 with the purchase of another wind turbine and the installation of both. This project is partially funded by grants from other sources; the remainder will be financed through general obligation promissory notes. The installation of a rescue tower simulator has a total project cost of $225,000, with the College’s portion budgeted at $50,000 and the remainder to be funded through donations. This tower will enable the College to provide training in high tower rescue. This training will integrate with the Wind Energy Technology program and other instructional programs that the College offers, as well as provide new training for the community. Technology Projects Technology projects in this year’s budget total $821,000.This includes $300,000 that will be used for development of administrative systems and $521,000 for annual technology equipment replacements. Capital Projects Capital projects for 2009-10 total $2,839,000. Following are capital projects that will be implemented in 2009-10. These will be funded by the issuance of general obligation promissory notes, and $300,000 in institutional revenue. Master Facilities Plan Center for Manufacturing Excellence – Phase II Phase II of our Center for Manufacturing Excellence includes remodeling space in the Trade & Industry Building to create a Manufacturing Technology Center. The total project cost is $618,000 and the budget includes the portion that will be completed in 2009-10. Data Center Move the data center to a central location to provide for future campus expansion. Upgrade operational standards including wiring, fire suppression systems, and security. LTC’s WILM Consortium partners will offset the total amount by 40 percent or $100,000. Driving Skills Course Build a driving skills course to improve quality and expand motorcycle and emergency vehicle operator training. The project will also include a storage building with shelter and access road. The total project is estimated at $1 million and the budget includes the portion that will be completed in 2009-10. $335,000 $250,000 $600,000 Physical Plant – Annual Maintenance & Improvements Annual Capital Maintenance Maintain the campus infrastructure to keep an aging campus (site and facilities) current. A refresh cycle is being established for floor coverings, paint and wall coverings, signage, interior and exterior seating, door and window replacements, parking lots, and restroom updates. Fire Alarm and Emergency Response Systems Improve the campus site and buildings to add value through improvements to the fire alarm system and emergency response support systems. 2009 - 10 Plan & Budget – Budget $249,000 $90,000 52 Lakeshore Technical College Table of Contents Trade & Industry Storm Water Management Address the storm water drainage issues by the Trade and Industry building. General Remodeling Plan and remodel facilities to meet instructional and workflow needs. General remodeling includes architect fees and projects including the remodel of L117 to accommodate computer courses, L230 flooring to meet lab needs, creating a radiography lab, and general minor remodeling of classrooms and offices to meet workflow needs. Safety and Maintenance Remodeling Demolish the house and remove debris due to safety concerns. Construct a roof over the main campus bridge to provide weather protection and improve walkway safety. Reside and reroof the garage to create cold storage facilities so existing facilities may be repurposed for instructional space. Learning College Classrooms Update learning college classrooms according to a multi-year plan by adding new technology, and updating the furniture and other furnishings. Remodel two learning classrooms as part of the Plymouth Partnership project. $15,000 $188,000 $52,000 $138,000 Energy Efficiency Energy Infrastructure Improvements Replace campus controls, breaker panels, air handling units, and motors in support of the College’s plan to improve energy infrastructure and performance that will provide operational savings. Air Conditioning System Implement a plan to provide more energy efficient air conditioning system. $172,000 $750,000 Operational Impact Two of the capital projects, the Center for Manufacturing Excellence and the Driving Skills Course, will provide expanded instructional capacity in order for the College to meet current and future needs of the community. The entire core of the Trade and Industry building will be renovated to allow the College to change the method of instruction and to provide technology and space to meet the evolving needs of manufacturing education. From robotics to simulated, programmable assembly lines, the Center for Manufacturing Excellence is in direct response to the requests of local companies and the demands of a changing economy. The equipment budget includes $286,000 for this expansion, of which $238,000 will be funded by a federal appropriation. An additional electro-mechanical instructor and additional current expenses for a total of $103,000 have also been budgeted in the general fund to accommodate the additional instructional capacity. Additional FTEs will result from this expansion and additional program and material fee revenues are included in the General Fund budget. The Driving Skills Course will create capacity to offer a comprehensive range of training for local, regional and statewide first responders as well as the general public. This course will be one of the most innovative, technical driving courses for public use in the State. The College plans to design several new educational course offerings that will provide unique driving experiences and opportunities utilizing the obstacles and specially designed track features of the Driving Skills Course. Increased program, material, and other student fees will provide resources for additional faculty, current expenses and maintenance of the course and motorcycles used in training. These revenues and expenditures have been budgeted in the General Fund and Capital Projects Fund. 2009 - 10 Plan & Budget – Budget 53 Lakeshore Technical College Table of Contents As part of the infrastructure assessment, the College plans on replacing the current air conditioning system which is outdated and inefficient. Projected utility savings of approximately $30,000 and repair cost savings of approximately $20,000 have been incorporated into the General Fund budget. Additional energy savings will be realized as the College replaces air handling units and motors in areas that are being remodeled. The exact energy savings of the special equipment replacements is unknown at this time. Along with reduced energy costs, the College will be applying for energy rebates available for the replacement of equipment. The rebate estimate for the air conditioning system is $39,000. The revenue from this rebate and others will be used to offset the costs of replacing the equipment. The installation of two additional wind turbines will result in approximately $7,000 savings in electrical utility costs. The turbines will be used primarily for instruction in the Wind Energy Technology program; however, any additional electricity that is generated by the wind turbine will be sold back to the utility company. The final phase of the installation of the fire alarm system and the first phase of the emergency management plan will provide an integrated notification system for the local fire department, students and staff. A security assessment is being completed in 2008-09 and provides a multi-year plan for the College for installing emergency equipment on campus. Approximately 80 percent of the equipment being purchased for 2009-10 is either a replacement or upgrade to current equipment. This will enable the College to keep current with technology and train the students on the equipment and software that is being used in industry. The operational impact will be minimal. Training for faculty, staff and informational technology support for new software has been included in the budget. Improvements to administrative software and digital imaging will improve business processes and efficiencies. Software purchases will require maintenance contracts in future years (generally approximately 18 percent of the software cost) that will need to be included in the operating budget; this is estimated at $6,000 for future years. 2009 - 10 Plan & Budget – Budget 54 Lakeshore Technical College Table of Contents Capital Projects Fund Equipment Budget by Project and Function 2009-10 Instruction Equipment Agriculture Business & Technology Industrial Plymouth Project Health Public Safety Technical General Education Academic Administration Wind Turbines Installation of Crane and Resue Tower Instructional Resources Student Services General Institutional Physical Plant Total Equipment Technology Projects Computer Tech Refresh Audio Visual Tech Refresh ITV Tech Refresh Administrative Systems Digital Imaging Project Management Total Technology Projects Buildings and Grounds Projects Center for Manufacturing Excellence Data Center Driving Skills Course Annual Capital Maintenance Fire Alarm System Emergency Management Plan Site Improvements Office/General Remodeling Aesthetics Plan House, Garage, Bridge Learning College Classrooms Energy Infrastructure Improvements Total Buildings and Grounds Projects Total $3,000 23,000 393,000 64,000 90,000 111,000 335,000 18,000 9,000 520,000 69,000 Instructional Resources Student Services General Institutional Physical Plant Total $3,000 23,000 393,000 64,000 90,000 111,000 335,000 18,000 9,000 520,000 69,000 16,000 7,000 92,000 31,000 1,781,000 16,000 7,000 92,000 1,635,000 16,000 7,000 92,000 31,000 31,000 299,000 52,000 44,000 126,000 0 395,000 0 275,000 10,000 15,000 426,000 0 425,000 52,000 44,000 275,000 10,000 15,000 821,000 58,000 0 $1,635,000 58,000 $469,000 0 $7,000 0 $518,000 335,000 250,000 600,000 212,000 60,000 30,000 15,000 188,000 37,000 52,000 80,000 922,000 2,781,000 $2,812,000 335,000 250,000 600,000 212,000 60,000 30,000 15,000 188,000 37,000 52,000 138,000 922,000 2,839,000 $5,441,000 2009 - 10 Plan & Budget – Budget 55 Lakeshore Technical College Table of Contents Capital Projects Fund Equipment Detail Listing 2009-10 Division Agriculture Ration Balancer / Quikbooks/Finpack Total Agriculture Business & Technology StarBoard Monitor New Servers CS4 Upgrade Mini Tab Site Licenses Total Business & Technology Industrial Snap-On Tools - Auto Maitnenance Snap-On Cert Program Alldata AC Machine Shopkey Honda Diagnostic Scanner Inductive Heater Transmission Jack Am Course Software Snap-On School Tools - Auto Collison Low Profile Ground Hoists Apprent Major Carpenter Planer Hass Simulator Control MasterCam Upgrade Dac 200 Combined Mechanical Trainer Optalign Laser Shaft Alignment Dot Line Laser Pulley Alignment Mobil Energy Initiative Pump Maint Trainer Hydraulics Applications Snap-On Equipment - Wind Energy Wind Program Equipment Snap-On Wind Torque Test Unit Trainer Equipment for Plymouth Project Total Industrial Total Division Special Installations Install Rescue Tower Install Crane Install Wind Turbine Total Special Installations General Education ABE Software Upgrade ELL Software Upgrade Total General Education Total 3,000 3,000 50,000 19,000 520,000 589,000 1,793 4,000 12,950 4,257 23,000 8,000 10,000 18,000 70,000 83,000 1,000 7,000 1,000 7,000 2,200 2,250 2,000 48,000 8,000 3,650 8,000 4,000 13,000 11,000 1,400 8,000 7,500 3,000 95,000 25,000 58,000 64,000 533,000 Academic Administration WIDS Software Total Academic Administration 4,500 4,500 9,000 Instructional Resources Speaker Control System Spectrum Instructor Station Classroom Camera & Recording System Total Instructional Resources 1,000 5,000 10,000 16,000 Student Services Wellness Center Equipment Enrollment Management Total Student Services 6,000 1,000 7,000 General Institutional Community/Trade Show Displays ADA Equipment Copiers Telecommunications Planning System Development Total General Institutional 2,000 5,000 80,000 1,000 4,000 92,000 Health Laptop Cart DXTTR refurbished RDH Handpieces Clicker Technology IV Pump IV Related Equipment Lifts, Beds & Tables Sure Temp & Tympanic Thermometer Mannequins Supply Cart Total Health Technical Pro Engineer Software Solidworks AutoDesk Software PLC Trainers Mechanical Trainers Electrical Package for Pneumatics Trainers Hampden Troubleshooting Rockwell Software Package Support Amatrol Training Sets Completion Total Technical Public Safety Fire Apparatus (Pumper) Squad Car Motorcycle/Range Maint Total Public Safety 30,000 4,000 2,200 1,800 8,000 17,490 15,520 2,260 4,400 4,540 90,210 Physical Plant Tractor, Cab, Deck & Snowblower Stanley Vidmar Cabinet Update Shelving Hand Tools Bulb Eater, Recycler Golf Cart Total Physical Plant Technology Desktop Computers Laptop Computers Printers Servers Software-Microsoft, Other Virtualization of Servers to Boxes Tablets Computer Projectors Document Cameras Extron Controllers LCD Televisions Polycom Units Video Monitors WILM Data Center Hardware/Software Project Management System Image Now Expansion Total Technology Total Equipment 12,000 3,200 6,000 3,080 4,020 2,700 31,000 3,000 4,000 9,000 132,000 50,000 15,000 16,000 5,000 25,000 259,000 66,700 32,000 12,000 110,700 125,300 71,100 32,000 50,000 45,000 100,000 2,000 27,600 6,500 14,000 3,600 41,400 2,600 275,000 15,400 10,300 821,800 2,602,710 2009 - 10 Plan & Budget – Budget 56 Lakeshore Technical College Table of Contents Campus Sites - Square Footage Date Constructed Gross Square Footage Campus Site/Building Cleveland: Lakeshore Building – North Lakeshore Building – South Lakeshore building - Center addition Total square footage for Lakeshore Building Nierode Trade and Industry Building Trade and Industry Building - Addition Trade and Industry Building - Machine Shop Addition Total square footage for Trade and Industry Building Agriculture and Apprenticeship Building Agriculture and Apprenticeship Building – Addition Total square footage for Agriculture Building Flexible Training Arena Public Safety Building Public Safety Building - Addition Public Safety Building – Addition Total square footage for Public Safety Building Total Cleveland campus LTC Manitowoc Center LTC Sheboygan Center Total Square Footage 1974 1974 1979 54,996 66,048 78,104 199,148 1974 1979 1983 63,893 2,655 1,631 68,179 18,150 17,014 35,164 17,424 6,280 13,480 10,550 30,310 350,225 1976 1983 1980 1988 1991 2005 Leased Leased 15,562 17,152 382,939 2009 - 10 Plan & Budget – Budget 57 Lakeshore Technical College Table of Contents Debt Service Fund 2009-10 Budgetary Statement of Resources, Uses, and Changes in Fund Balance 2006-07 Actuals REVENUES Local Government Institutional Total Revenue EXPENDITURES Physical Plant Total Expenditures Net Revenue (Expenditures) OTHER SOURCES (USES) Operating Transfers In (Out) Repayment of Debt Proceeds from Debt Total Resources (Uses) TRANSFERS TO (FROM) FUND BALANCE Reserve for Debt Service Total Transfers to (From) Fund Balance Beginning Fund Balance Ending Fund Balance 3,984,620 33,550 4,018,170 2007-08 Actuals (1) 4,098,200 29,034 4,127,234 2008-09 Budget 4,141,000 25,000 4,166,000 2008-09 Estimate (2) 4,141,000 25,000 4,166,000 2009-10 Budget 4,233,000 20,000 4,253,000 3,852,946 3,852,946 165,224 4,034,323 4,034,323 92,911 4,224,000 4,224,000 (58,000) 4,224,000 4,224,000 (58,000) 4,188,000 4,188,000 65,000 0 0 0 165,224 0 0 0 92,911 0 0 0 (58,000) 0 0 0 (58,000) 65,000 165,224 165,224 298,717 463,941 92,911 92,911 463,941 556,852 (58,000) (58,000) 556,852 498,852 (58,000) (58,000) 556,852 498,852 65,000 65,000 498,852 563,852 (1) Actual is presented on a budgetary basis (2) Estimate is based upon 9 months of actual and 3 months of estimate 2009 - 10 Plan & Budget – Budget 58 Lakeshore Technical College Table of Contents Debt Service Fund Fund Description Debt Service Funds are used to account for the accumulation of resources for and the payment of general long-term debt and long-term lease purchase principal and interest. Analysis Debt service expenditures for 2009-10 are budgeted to be $4,188,000 which includes $3,495,000 for principal, and $693,000 for interest payments. This will be funded through a tax levy of $4,233,000 and interest income of $20,000. Expenditures have decreased $36,000 from the 2008-09 budget. The total outstanding debt of $23,025,000 includes $2,765,000 for repayment of the unfunded pension liability and $20,260,000 for capital projects and equipment. The Principal and Interest by Issue schedule below provides additional detail on debt service expenditures. The College's bond rating is Aa2 as assigned by Moody's Investor Service in May 2009. Debt Limitations The aggregate indebtedness of the District may not exceed 5 percent of the equalized value of the taxable property located in the District per s.67.03(1), Wis. Stats. The bonded indebtedness of the District may not exceed 2 percent of the equalized value of the property located in the District per s.67.03(9), Wis. Stats. Projected equalized valuations 5% limit LTC’s aggregate indebtedness 2% limit LTC’s bonded indebtedness $14,239,835,631 $ $ $ $ 711,991,782 23,025,000 284,796,713 0 Debt Service Fund Principal and Interest by Issue Budget Year 2009-10 Issue December, 2003 December, 2004 January, 2005 April, 2005 February, 2007 July, 2007 June, 2008 May, 2009 April, 2010 Total Principal 250,000 2,100,000 1,980,000 2,475,000 4,450,000 835,000 3,935,000 2,000,000 5,000,000 $23,025,000 Interest 9,250 133,500 1,154,715 388,036 568,000 176,850 537,400 479,400 1,216,167 $4,663,318 Total 259,250 2,233,500 3,134,715 2,863,036 5,018,000 1,011,850 4,472,400 2,479,400 6,216,167 $27,688,318 2009 - 10 Plan & Budget – Budget 59 Lakeshore Technical College Table of Contents Schedule of Long-Term Obligations as of July 1, 2009 Budget Year Principal Interest Total General Obligation Promissory Notes ($1,000,000) issued December, 2003 to finance equipment and remodeling over 7 years at an average rate of 2.867% payable to Depository Trust Company. 2009-10 250,000 $250,000 9,250 $9,250 259,250 $259,250 General Obligation Promissory Notes ($6,410,000) issued December, 2004 to finance the refunding of the promissory notes of June, 1999 and October 2000 and for equipment, remodeling and site improvements over 8 years at an average rate of 3.206% payable to Depository Trust Company. 2009-10 2010-11 2011-12 2012-13 1,200,000 300,000 300,000 300,000 $2,100,000 71,400 30,900 20,700 10,500 $133,500 1,271,400 330,900 320,700 310,500 $2,233,500 State Trust Fund Loan ($2,000,000) issued January, 2005 and March, 2005 to finance the repayment of the WRS unfunded liability over 20 years at a rate of 5.25%. 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-2024 10,000 10,000 10,000 10,000 10,000 10,000 172,000 182,000 192,000 200,000 1,174,000 $1,980,000 103,950 103,426 103,182 102,374 101,850 101,326 101,076 91,770 82,215 72,135 191,411 $1,154,715 113,950 113,426 113,182 112,374 111,850 111,326 273,076 273,770 274,215 272,135 1,365,411 $3,134,715 General Obligation Promissory Notes ($1,000,000) issued April, 2005 to finance the repayment of the WRS unfunded liability over 10 years at an average rate of 4.625% payable to Depository Trust Company. 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 100,000 115,000 130,000 140,000 145,000 155,000 $785,000 37,325 32,825 27,535 21,425 14,705 7,671 $141,486 137,325 147,825 157,535 161,425 159,705 162,671 $926,486 General Obligation Promissory Notes ($2,000,000) issued April, 2005 to finance general remodeling and the addition to the Public Safety building over 10 years at an average rate of 3.513% payable to Depository Trust Company. 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 200,000 250,000 275,000 300,000 315,000 350,000 $1,690,000 63,200 56,200 47,950 38,600 26,600 14,000 $246,550 263,200 306,200 322,950 338,600 341,600 364,000 $1,936,550 2009 - 10 Plan & Budget – Budget 60 Lakeshore Technical College Budget Year General Obligation Promissory Notes ($5,000,000) issued February, 2007 to finance equipment, general remodeling, and site improvements over 8 years at an average rate of 3.99% payable to Depository Trust Company. 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 Principal 1,000,000 1,050,000 1,100,000 260,000 260,000 260,000 260,000 260,000 $4,450,000 Table of Contents Interest 178,000 138,000 96,000 52,000 41,600 31,200 20,800 10,400 $568,000 Total 1,178,000 1,188,000 1,196,000 312,000 301,600 291,200 280,800 270,400 $5,018,000 General Obligation Promissory Notes ($1,000,000) issued July, 2007 to finance remodeling projects over ten years at an average rate of 4.50% payable to Depository Trust Company.. 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 90,000 95,000 100,000 100,000 105,000 110,000 115,000 120,000 $835,000 37,575 33,525 29,250 24,750 20,250 15,525 10,575 5,400 $176,850 127,575 128,525 129,250 124,750 125,250 125,525 125,575 125,400 $1,011,850 General Obligation Promissory Notes ($4,300,000) issued May, 2008 to finance equipment, general remodeling, addition and site improvements over ten years at an average rate of 4.0% payable to Depository Trust Company. 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 645,000 705,000 730,000 755,000 220,000 220,000 220,000 220,000 220,000 $3,935,000 134,213 114,863 91,950 68,225 41,800 34,100 25,850 17,600 8,800 $537,400 779,213 819,863 821,950 823,225 261,800 254,100 245,850 237,600 228,800 $4,472,400 General Obligation Promissory Notes ($2,000,000) to be issued May, 2009 to finance additions and general remodeling, over ten years at an average rate of 4.0% payable to Depository Trust Company.. 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 0 190,000 195,000 205,000 210,000 220,000 230,000 240,000 250,000 260,000 $2,000,000 780,000 515,000 540,000 570,000 595,000 360,000 380,000 400,000 420,000 440,000 $5,000,000 58,000 80,000 72,400 64,600 56,400 48,000 39,200 30,000 20,400 10,400 $479,400 229,167 211,000 181,750 155,750 128,500 100,000 82,000 63,000 43,000 22,000 $1,216,167 58,000 270,000 267,400 269,600 266,400 268,000 269,200 270,000 270,400 270,400 $2,479,400 1,009,167 726,000 721,750 725,750 723,500 460,000 462,000 463,000 463,000 462,000 $6,216,167 General Obligation Promissory Notes ($5,000,000) to be issued April, 2010 to finance remodeling, site improvements and equipment over ten years at an average rate of 5.0% payable to Depository Trust Company.. 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 Grand Total $23,025,000 $4,663,318 $27,688,318 2009 - 10 Plan & Budget – Budget 61 Lakeshore Technical College Table of Contents Combined Schedule of Long-Term Obligations as of July 1, 2009 Fiscal Year 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-24 Total Principal 3,495,000 3,495,000 3,355,000 2,610,000 1,835,000 1,920,000 1,357,000 1,402,000 1,062,000 880,000 1,614,000 $23,025,000 Interest 692,913 818,906 699,967 564,224 458,955 380,322 297,501 237,170 174,415 125,535 213,411 $4,663,318 Total 4,187,913 4,313,906 4,054,967 3,174,224 2,293,955 2,300,322 1,654,501 1,639,170 1,236,415 1,005,535 1,827,411 $27,688,318 Combined Schedule of Long-Term Obligations 4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-24 Interest Principal 2009 - 10 Plan & Budget – Budget 62 Lakeshore Technical College Table of Contents Enterprise Funds 2009-10 Budgetary Statement of Resources, Uses, and Changes in Fund Balance 2006-07 Actuals REVENUES Institutional Total Revenue EXPENDITURES Auxiliary Services Total Expenditures Net Revenue (Expenditures) OTHER SOURCES (USES) Residual Equity Transfer In (Out) Operating Transfer In (Out) Total Resources (Uses) TRANSFERS TO (FROM) FUND BALANCE Retained Earnings Total Transfers to (From) Fund Balance Beginning Fund Balance Ending Fund Balance 1,183,895 1,183,895 2007-08 Actuals (1) 1,594,403 1,594,403 2008-09 Budget 1,350,000 1,350,000 2008-09 Estimate (2) 1,350,000 1,350,000 2009-10 Budget 1,350,000 1,350,000 1,155,683 1,155,683 28,212 833,152 833,152 761,251 1,350,000 1,350,000 0 1,350,000 1,350,000 0 1,350,000 1,350,000 0 0 0 28,212 0 0 761,251 0 0 0 0 0 28,212 28,212 780,741 808,953 761,251 761,251 808,953 1,570,204 0 0 1,570,204 1,570,204 0 1,570,204 1,570,204 0 0 1,570,204 1,570,204 (1) Actual is presented on a budgetary basis (2) Estimate is based upon 9 months of actual and 3 months of estimate 2009 - 10 Plan & Budget – Budget 63 Lakeshore Technical College Table of Contents Enterprise Funds Fund Description Enterprise Funds are used to account for operations where the cost of providing goods or services to the student body, faculty, staff, or general public is financed primarily through user fees. Included are the bookstore, food service, child care center, instructional saleable accounts, educational seminar accounts, resale accounts, and other enterprise activity. Analysis Revenues and expenditures are planned at $1,350,000 for 2009-10. The schedule below provides additional detail on each business segment. Bookstore Revenues: Commissions Institutional Revenue Total Revenue Transfer In from Retained Earnings Total Resources 30,000 0 30,000 Food Service 15,000 0 15,000 Instructional Activities 0 650,000 650,000 Child Care 0 120,000 120,000 Other 0 535,000 535,000 Total 45,000 1,305,000 1,350,000 0 30,000 0 15,000 0 650,000 0 120,000 0 535,000 0 1,350,000 Expenses: Auxiliary Services Total Expenses Transfer Out to Retained Earnings Total Uses 30,000 30,000 15,000 15,000 650,000 650,000 120,000 120,000 535,000 535,000 1,350,000 1,350,000 0 30,000 0 15,000 0 650,000 0 120,000 0 535,000 0 1,350,000 Enterprise Fund by Category Other 39.63% Bookstore 2.22% Food Service 1.11% Child Care 8.89% Instructional Activities 48.15% 2009 - 10 Plan & Budget – Budget 64 Lakeshore Technical College Table of Contents Internal Service Funds 2009-10 Budgetary Statement of Resources, Uses, and Changes in Fund Balance 2006-07 Actuals REVENUES Institutional Total Revenue EXPENDITURES Auxiliary Services Total Expenditures Net Revenue (Expenditures) OTHER SOURCES (USES) Residual Equity Transfer In (Out) Operating Transfer In (Out) Total Resources (Uses) TRANSFERS TO (FROM) FUND BALANCE Retained Earnings Total Transfers to (From) Fund Balance Beginning Fund Balance Ending Fund Balance 321,205 321,205 2007-08 Actuals (1) 250,022 250,022 2008-09 Budget 325,000 325,000 2008-09 Estimate (2) 325,000 325,000 2009-10 Budget 350,000 350,000 321,046 321,046 159 256,151 256,151 (6,129) 325,000 325,000 0 325,000 325,000 0 350,000 350,000 0 0 0 159 0 0 (6,129) 0 0 0 0 0 0 0 159 159 84,907 85,066 (6,129) (6,129) 85,066 78,937 0 0 78,937 78,937 0 0 78,937 78,937 0 0 78,937 78,937 (1) Actual is presented on a budgetary basis (2) Estimate is based upon 9 months of actual and 3 months of estimate 2009 - 10 Plan & Budget – Budget 65 Lakeshore Technical College Table of Contents Internal Service Funds Fund Description Internal Service Funds are used to account for the financing and related financial activity of goods and services provided by one department to other departments of the College on a cost-reimbursement basis. Included are media services, copy center, and equipment repair. Analysis Revenues in the Internal Service Funds are expected to be $350,000 and expenditures are budgeted to be $350,000, a $25,000 increase from the 2007-08 budget. The schedule below provides additional detail on each business segment. Equipment Repair Media Revenues: Institutional Revenue Total Revenues Copy Center Total 20,000 20,000 320,000 320,000 10,000 10,000 350,000 350,000 Expenses: Auxiliary Services Total Expenses 20,000 20,000 320,000 320,000 10,000 10,000 350,000 350,000 Internal Service Fund by Category Equipment Repair 2.86% Media 5.71% Copy Center 91.43% 2009 - 10 Plan & Budget – Budget 66 Lakeshore Technical College Table of Contents Staff Position Summary LTC employees 272 full- and part-time people within three organizational groups: 112 support staff, 44 management staff, and 116 faculty. The Lakeshore Educational Association (Local 3201 of the National Educational Association) represents full- and regular part-time faculty. Support and management staff are not represented by a union. LTC also employs 444 adjunct faculty, students, temporary help, dentists, and child care workers. LTC’s staff are aligned to eight functional areas which make up the systems of the college. Increases and decreases in staff positions are due to new development, retirements, terminations, reorganizations within departments, and strategic plan of the College. The 2009-10 budget contains open posted positions. They are classified as: • New Positions: The reasons for these positions are to support the strategic plan of the College and the needs of the community. These positions include: o o o o • Faculty, Full Time Allied Health Instructor Faculty, Full Time Nuclear Technology Instructor Faculty, Full Time Electro-Mechanical/Wind Energy Instructor Support Staff, Part Time Clinical Skills Replacement Positions: These positions are due to retirements, resignations and department reorganizations. o o o o o Faculty, Full Time Accounting & Business Management Faculty, Full Time Auto Body & Paint Support, Full Time Customer Service Associate Student Central Support, Full Time Public Relations Specialist Support, Part Time Inquiry Associate The following pages present these schedules: • • • Staff Position Summary FTE Basis – by Category Full-Time Staff Positions Staff Position Summary Full and Part Time Staff Position by Group 2009 - 10 Plan & Budget – Budget 67 Lakeshore Technical College Table of Contents Staff Position Summary FTE Basis 2009-10 2006-07 Actual 30.00 137.30 4.60 16.40 115.80 5.50 309.60 2007-08 Actual 27.80 143.90 5.10 13.10 118.20 4.70 312.80 2008-09 Estimate 29.50 145.00 5.25 14.00 116.00 5.50 315.25 General Fund 28.85 122.38 3.86 7.13 100.51 2.16 264.89 Special Revenue Fund 2.79 26.49 1.10 2.27 14.48 0.44 47.57 Proprietary Fund 0.85 Fiduciary Fund Total Budget 32.49 148.87 4.96 9.40 120.28 2.60 0.00 318.60 Category Administrators/Supervisors Teachers Specialists (Counselors) Other Staff Prof Non Faculty Support Staff Student Help Total 5.29 6.14 Source: WTCS Staff Accounting Reports – District Standard (VE505210A) Footnote: All staff, including adjunct faculty, are included in the above FTE numbers. Schedule of Full-Time Staff Positions The schedule below indicates the number of full-time staff positions by function. 2006-07 Actuals 149.0 14.0 33.0 27.0 7.0 4.0 0.0 234.0 507.0 741.0 2007-08 Actuals 148.5 14.0 33.0 28.0 7.0 4.0 0.0 234.5 470.5 705.0 2008-09 Estimate 147.5 14.0 33.5 27.0 6.0 4.0 0.0 232.0 484.0 716.0 2009-10 Budget 150.0 14.0 34.0 29.0 5.5 4.0 0.0 236.5 479.5 716.0 Function Instructional Instructional Resource Student Services General Institutional Physical Plant Auxiliary Services Public Services Total Full-Time Part-Time Total 2009 - 10 Plan & Budget – Budget 68 Lakeshore Technical College Table of Contents Staff Position Summary Full and Part-Time Staff Positions by Group 2006-07 Actual Group Management Full-Time Part-Time (50%) Total Faculty Full-Time Part-Time (50%) Total Support Staff Full-Time Part-Time (50%) Total Total Total Full-Time Part-Time (50%) Total 2007-08 Actual 2008-09 Estimate 2009-10 Budget 42.0 0.0 42.0 103.0 11.0 114.0 89.0 19.0 108.0 264.0 44.5 2.0 46.5 102.0 12.0 114.0 88.0 20.0 108.0 268.5 43.0 1.0 44.0 102.0 12.0 114.0 87.0 21.0 108.0 266.0 43.0 1.0 44.0 105.5 10.0 115.5 88.0 24.0 112.0 271.5 234.0 30.0 264.0 234.5 32.0 266.5 232.0 34.0 266.0 236.5 35.0 271.5 2009 - 10 Plan & Budget – Budget 69 Lakeshore Technical College Table of Contents Intentionally left blank 2009 - 10 Plan & Budget – Budget 70 LAKESHORE TECHNICAL COLLEGE Operations Section This page left blank intentionally. Lakeshore Technical College Table of Contents Operating Fund Statement 2009-10 Budgetary Statement of Resources, Uses, and Changes in Fund Balance Operating Funds include the General and Special Revenue – Operational Funds. 2006-07 Actuals REVENUES Local Government General State Aids State Grants Program Fees Material Fees Other Student Fees Institutional Federal Total Revenue EXPENDITURES Instruction Instructional Resources Student Services General Institutional Physical Plant Total Expenditures 15,573,521 4,006,310 948,799 3,957,132 272,834 390,567 1,502,909 1,054,246 27,706,318 2007-08 Actuals (1) 16,146,010 3,590,492 898,711 4,287,981 280,694 435,884 1,722,214 1,004,057 28,366,043 2008-09 Budget 16,790,000 3,699,000 889,000 4,636,000 300,000 492,000 1,915,000 1,427,000 30,148,000 2008-09 Estimate (2) 16,790,000 3,699,000 879,000 4,736,000 300,000 442,000 1,875,000 1,387,000 30,108,000 2009-10 Budget 17,284,000 3,758,000 1,054,000 5,540,000 335,000 495,000 2,148,000 1,515,000 32,129,000 17,842,458 1,169,792 2,555,608 3,937,849 1,686,649 27,192,356 18,349,333 1,192,355 2,766,311 3,832,090 1,757,188 27,897,277 19,918,000 1,291,000 2,939,000 4,310,000 1,758,000 30,216,000 19,878,000 1,291,000 2,939,000 4,310,000 1,758,000 30,176,000 21,542,000 1,245,000 3,085,000 4,579,000 1,678,000 32,129,000 Net Revenue (Expenditures) 513,962 468,766 (68,000) (68,000) 0 OTHER SOURCES (USES) Operating Transfer In (Out) Total Resources (Uses) TRANSFERS TO (FROM) FUND BALANCE Reserve for Prepaids & Inventories Reserve for Operations Designated for State Aid Fluctuations Designated for Subsequent Years Designated for Subsequent Year Total Transfers to (From) Fund Balance Beginning Fund Balance Ending Fund Balance 0 513,962 0 468,766 0 (68,000) 0 (68,000) 0 0 55,110 534,934 0 0 (76,082) 513,962 5,728,095 6,242,057 41,535 (34,562) 16,000 425,000 20,793 468,766 6,242,057 6,710,823 0 0 0 0 (68,000) (68,000) 6,710,823 6,642,823 0 0 0 0 (68,000) (68,000) 6,710,823 6,642,823 0 0 0 0 0 0 6,642,823 6,642,823 (1) Actual is presented on a budgetary basis (2) Estimate is based upon 9 months of actual and 3 months of estimate 2009-10 Plan & Budget – Operating 71 Lakeshore Technical College Table of Contents Operating Fund Analysis — Resources Total operating fund revenues increased by 6.57 percent to $32,129,000 over the 2008-09 budget of $30,148,000. This is a $1,981,000 increase in revenues. Tax Levy (Local Government) Operating fund tax levy revenue increased by 2.94 percent over the 2008-09 budget. The tax levy used to support operations totals $17,284,000. This represents 53.80 percent of the total operating revenues, down from 55.69 percent in the 2008-09 budget. State Aids State aids increased by $224,000 or 4.88 percent over the 2008-09 budget. State grants increased by $165,000 or 18.56 percent and general state aids are budgeted to increase by $59,000. The increase in state grants is mainly due to a projected increase in Workforce Advancement Training Grants. Student Fees Student fees include program fees, material fees and other student fees. Total student fees of $6,370,000 increased by $942,000 over the 2008-09 budget. This is due to the increase in projected enrollments and the increase in the program fee rate. The program fee rate per credit, which is determined by the Wisconsin Technical College System Board increased 4.50 percent from $97.05 per credit to $101.40 per credit. Institutional Revenue Institutional revenue is expected to increase by $233,000 or 6.69 percent over the 2008-09 budget to $2,148,000. Contracts for workforce solutions accounts for the majority of the increase. Federal Revenue Federal revenue of $1,515,000 is up 4.72 percent over the 2008-09 budget. An increase in federal projects revenue is mainly due to the New Energy project for $326,000. The chart below shows the breakdown of the operating fund revenues for 2009-10. Operating Funds - Revenues Other Student Institutional Fees 2,148,000 495,000 6.69% 1.54% Material Fees 335,000 1.04% Program Fees 5,540,000 17.24% Federal 1,515,000 4.72% State Grants 1,054,000 3.28% General State Aids 3,758,000 11.70% Local Government 17,284,000 53.80% 2009-10 Plan & Budget – Operating 72 Lakeshore Technical College Table of Contents Operating Fund Analysis — Uses Total expenditures of $32,129,000 are budgeted for the operating funds. This is a 6.33 percent or $1,913,000 increase over the 2008-09 budget of $30,216,000. Instruction Instructional expenditures increased by $1,624,000 or 8.15 percent to $21,542,000. Instructional expenditures account for 67.05 percent of the operating expenditures. Increases to instructional expenditures are due to wage and benefit increases and additional expenditures for planned enrollment increases. Expenditures for grants and projects also increased, mainly due to additional federal projects received. Instructional Resources Instructional resources decreased by $46,000 or 3.56 percent to $1,245,000. Wage and benefit increases were offset by decreases to current expenses. Student Services Student services expenditures of $3,085,000 increased by $146,000 or 4.97 percent. The increases are mainly due to wage and benefit increases. General Institutional General institutional expenditures of $4,579,000 increased 6.24 percent from the 2008-09 budget of $4,310,000 due to increases in wages and benefits. Physical Plant Physical plant expenditures decreased by $80,000 or 4.55 percent to $1,678,000. Wage and benefit increases were offset by decreases to physical plant staff. The chart below shows the operating funds expenditures by function. Operating Funds - Expenditures General Institutional 4,579,000 14.25% Student Services 3,085,000 9.60% Instructional Resources 1,245,000 3.88% Physical Plant 1,678,000 5.22% Instruction 21,542,000 67.05% 2009-10 Plan & Budget – Operating 73 Lakeshore Technical College Table of Contents Operating Funds Revenues and Expenditure Comparison 2009-10 Budget Local government (tax levy) increased by 2.94 percent compared to the 2008-09 budget. State and federal revenues increased $312,000 or 5.19 percent, from the 2008-09 budget. Total student fees increased 17.35 percent. Instructional expenditures increased to approximately 67 percent of the total expenditure budget. 2008-09 Budget Percent of Total 55.69% 15.22% 15.38% 1.00% 1.63% 6.35% 4.73% 100.00% 2009-10 Budget 17,284,000 4,812,000 5,540,000 335,000 495,000 2,148,000 1,515,000 32,129,000 Percent of Total 53.80% 14.98% 17.24% 1.04% 1.54% 6.69% 4.72% 100.00% Percent Change 2.94% 4.88% 19.50% 11.67% 0.61% 12.17% 6.17% 6.57% Revenues Local Government State Aids Program Fees Material Fees Other Student Fees Institutional Revenue Federal Revenue Total Revenues 16,790,000 4,588,000 4,636,000 300,000 492,000 1,915,000 1,427,000 30,148,000 Expenditures Instruction Instructional Resources Student Services General Institutional Physical Plant Total Expenditures 19,918,000 1,291,000 2,939,000 4,310,000 1,758,000 30,216,000 65.92% 4.27% 9.73% 14.26% 5.82% 100.00% 21,542,000 1,245,000 3,085,000 4,579,000 1,678,000 32,129,000 67.05% 3.88% 9.60% 14.25% 5.22% 100.00% 8.15% -3.56% 4.97% 6.24% -4.55% 6.33% Operating Funds - Revenue Comparison 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% 2008-09 Local Government Institutional Revenue Federal Revenue Operating Funds - Expenditure Comparison 80.00% 60.00% 40.00% 20.00% 0.00% 2009-10 Student Fees State Aid Instruction 2008-09 2009-10 Instructional Resources General Institutional Student Services Physical Plant 2009-10 Plan & Budget – Operating 74 Lakeshore Technical College Table of Contents Personal Services Operating Fund Analysis The information below shows the breakdown of wages by major category, benefits and current expenses for the operating funds for four years. The percent of each category to the total is also calculated. Benefits continue to increase as a percent of the total personal services budget. Classification Wages Instruction Support Staff Management 2006-07 Actuals % of Total 2007-08 Actuals % of Total 2008-09 Budget % of Total 2009-10 Budget % of Total % Change 2008-09 to 2009-10 8,940,849 4,010,928 2,949,589 40.41% 18.13% 13.33% 9,353,338 4,250,521 2,981,645 40.73% 18.51% 12.98% 10,133,231 4,213,855 3,185,492 41.11% 17.10% 12.92% 10,800,398 4,601,225 3,301,703 41.11% 17.51% 12.57% 6.58% 9.19% 3.65% Total Wages 15,901,366 71.86% 16,585,504 72.22% 17,532,578 71.14% 18,703,326 71.19% 6.68% Benefits 6,226,675 28.14% 6,380,107 27.78% 7,114,056 28.86% 7,568,071 28.81% 6.38% Total Personal Services 22,128,041 100.00% 22,965,611 100.00% 24,646,634 100.00% 26,271,397 100.00% 6.59% 2006-07 Total Personal Services Current Expenses Total Budget 22,128,041 5,064,316 27,192,357 % of Total 81.38% 18.62% 100.00% 2007-08 22,965,611 4,931,666 27,897,277 % of Total 82.32% 17.68% 100.00% 2008-09 24,646,634 5,569,366 30,216,000 % of Total 81.57% 18.43% 100.00% 2009-10 26,271,397 5,857,603 32,129,000 % of Total 81.77% 18.23% 100.00% % Change 6.59% 5.18% 6.33% Operating Expenditures by Category 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 0 2006-07 2007-08 2008-09 2009-10 Instructional Wages Support Staff Wages Management Wages Benefits Current Exp 2009-10 Plan & Budget – Operating 75 Lakeshore Technical College Table of Contents College Monitor and Strategic Plan Monitors focus the College on achieving its strategic plans and targets. The indicators chosen measure the College performance against the mission and vision. Each indicator lists a prior years’ result, current status, comparison (peer, historical or national), and a target. Goals help achieve the strategic plan and targets. Lakeshore Technical College 2009-10 College Monitor I. Results What We Do Key Indicator FTE/Enrollment Graduation and Retention/Transfer Rate Semester-to-Semester Retention (Fall to Spring) Basic Skills Two Year Post-Secondary Program Transition Nontraditional Participation Second-Year Retention Student Satisfaction Workforce Solutions Revenue Employer Satisfaction Placement Rate Manage Resources Organizational Climate Management Effectiveness Cost Per FTE 2006-07 Result 2030 15,679 71.17% 83.71% 11.83% 328/2773 2007-08 Result 2072 15,397 71.14% 79.54% 12.03% 310/2577 2008-09 Status 2225 14,300 71.14% 79.59% 12.03% 310/2577 Comparison 2114 70.75% 79.40% n/a 11.64% 82.23% 77.29% $1,570,161 3.50 91.00% 3.55 3.40 $13,244 2009-10 Targets 2400 14,750 71.25% 85.00% 13.00% 10.75% 73.00% 90.00% $1,400,000 3.60 92.00% 4.25 3.60 $13,800 Serve Students 10.71% 69.06% 87.00% $1,349,123 3.51 92.00% 4.11 3.33 $13,390 10.97% 63.78% 87.40% $1,329,429 3.52 92.00% 4.11 3.40 $13,744 10.97% 63.78% 85.80% $1,216,835 3.52 91.00% 4.11 3.42 $13,744 Serve Community II. Strategic Plan • • • 2009-10 Annual Plan Build capacity to serve the projected dislocated workers and industry need. Focus on rapid response efforts to retrain the workforce. Expand integration of sustainable practices and renewable energy. Create programming designed to meet industry needs. Implement technologies that improve communication, access, and efficiency. Implement a student success model. Increase retention through enhanced student study activities and case management. Develop an authentic assessment plan to meet Department of Education requirements. EnVision 2015 • Build a future-focused culture committed to quality, innovation, and sustainability. • Unite partners in alliance to leverage opportunities. • Cultivate staff talent to achieve organizational excellence. • Inspire students to discover their potential through life-changing experience. • • • • • 2009-10 Plan & Budget – Operating 76 Lakeshore Technical College Table of Contents Annual Plan Alignment with Strategic Plan LTC’s strategic plan is called EnVision 2015. The College Monitor strategic plan section on the previous page shows the alignment of the annual plan to each of the strategies. The descriptions below provide more detail on the alignment. Build a future-focused culture committed to quality, innovation, and sustainability. The 2009-10 annual plan aligns to the strategic plan, EnVision 2015, by building capacity and being responsive to companies and the dislocated workers of the District. Through innovative grant opportunities and resource reallocations, the College has set aside $500,000 to ensure enough capacity is built to support the enrollment increase. Additionally, LTC is staying focused on sustainability and renewable energies by expanding its program capacity, its demonstration site, and offering a sustainability science course. Unite partners in alliance to leverage opportunities. LTC builds partnerships and works with its partners to identify areas of collaboration. The annual plan focuses on collaborations with industry where the College and the companies can work together to develop company-designed programming to meet specific training needs. Cultivate staff talent to achieve organizational excellence. The staff at LTC have diverse talents that help the College to achieve its goals. Implementing technologies that improve communication, access to information and services, and helps staff be more efficient supports how staff work together to accomplish plans. It also supports the services staff are able to provide students and the community. Inspire students to discover their potential through life-changing experience. Helping students be successful, build confidence, and find their niche is a large part of what LTC offers. Broadening the student success model to include a campus-wide approach will allow the College reach more students. Retention is a part of student success and a focus for the College. Enhanced study activities and a case management approach are methods used to reach students earlier helping them to succeed and not fall behind or fail coursework. The authentic assessment plan utilizes various assessment techniques to ensure students are learning the competencies the curriculum and program specifies. 2009-10 Plan & Budget – Operating 77 Lakeshore Technical College Table of Contents 2008-09 Mid-Year Progress Below are the 2004 – 2009 strategic plan and strategies along with the 2008-09 annual goals. 2008-09 accomplishments achieved as of the mid-year progress report are listed. Strategic Plan & Strategies 1. Advance Learning • Grow FTE’s/enrollments through new programs, contract training, and flexible offerings. • Prepare students with work ready skills to increase employer satisfaction. 2008-09 Annual Plan • Develop and implement new products and services to meet community and workforce needs. Provide leadership for and increase awareness of renewable energy, sustainability techniques, and energy conservation. Secure support for the college to ensure that educational opportunities are affordable and accessible for all who seek them. Enhance services to increase student success. • • Mid-Year Strategic Plan Progress • 8.13 percent FTE increase. o 24.16 FTEs from new programs o 33.67 FTEs from Contract Training and Seminars o 483 FTEs from Flexible Offerings • Increased employer satisfaction to 3.52 compared to 3.43 in 2005-06. 2. Embrace Diversity • Increase minority recruitment, transition, and retention in programs. • Coordinate and communicate comprehensive student success services. • Promote a welcoming environment. • • 254 minority students recruited into programs. • 32 students transitioned (5.44 percent) from Basic Skills to programs. • 56.90 percent second year retention of 2007-08 students. 3. Engage Community • Create community awareness through outreach and community participation. • Strengthen relationships with high schools and employers that lead to partnerships. • • 4. Build Excellence • Improve enrollment management processes. • • • Implement staff learning programs. • Establish a quality/lean culture through increased process improvements. • 765 students served at community sites. • 608 high school students attended Experience LTC (11 percent) compared to 542 in 2007-08 (10 percent). The event yielded 137 applications compared to 120 in 2007-08. Enhance productivity and • Converted 2865 (59.79 percent) efficiency to improve services inquiries to applicants compared and/or reduce costs. to 2314 (50.57 percent) in 200708. Improve campus safety and preparedness to ensure a • 85.52 percent 1st year program capacity filled (admitted safe and secure environment. students) - up 9.66 percent from last fall. • Developed and ran staff learning program. • Completed AQIP Systems Portfolio 2008. • Completed 6 PIT events. These PITs recommended new policy and procedures, system improvements, and saved 90 hours and are projected to save $1000 in current expenses. Cultivate and leverage relationships to be responsive to future needs. Engage target markets with educational opportunities at LTC to meet workforce demands. 78 2009-10 Plan & Budget – Operating Lakeshore Technical College Table of Contents The following are the strategic plan aligned 2008-09 annual plan accomplishments through mid-year. Advance Learning Develop and implement new products and services to meet community and workforce needs. • Investigated two new programs, implemented a Judicial Reporting shared program agreement, developed a certificate promotional plan. • Work with MSOE, UW-Manitowoc, UW-Sheboygan & UW-Stout to expand Engineering option for students in the Lakeshore Area. • RISE initiatives to create career and education offerings in Child Care, health care, hotel/hospitality, and math and print reading, and wind energy are on target. • A summer school plan to increase offerings and FTEs by 5 percent is in development. Provide leadership for and increase awareness of renewable energy, sustainability techniques, and energy conservation. • Integrate sustainability concepts into curriculum. • Expansion of demonstration site for the benefit of our communities is planned. Two additional wind turbines will go up in 2009 and 2010. • Implement energy conservation practices. • Implement President’s Climate Commitment. Secure support for the college to ensure that educational opportunities are affordable and accessible for all who seek them. • Restructured LTC Foundation and implemented process improvements so future efforts will focus on raising additional funding and strengthening donor relationships. • Corporate/foundation annual campaign was mailed to 500 in December; the staff/retiree campaign moved to May 2009. • Developed Foundation Board committees including an Executive and Board Membership to further engage members and grow the board from 10 to 15 members. • Partnered with 23 community organizations, businesses, and education. Seven staff subject matter experts have worked with the Grants staff to be awarded 47 percent of the grants submitted. Embrace Diversity Enhance services to increase student success. • Developed dislocated worker and veterans plans. • Developing overall student success plan. • Piloting Strengths Quest to increase retention for Pharmacy Tech students. Administered to approximately 60 students, excellent collaboration with Pharmacy Tech faculty. • Implemented case management and study groups as phase one of Perkins IV. Engage Community Cultivate and leverage relationships to be responsive to future needs. • Received $100,000 donation from Snap-on toward the purchase of diagnostics and shop tools. • Established off-site training facility in Two Rivers for EMS and fire. • Received scholarships from Dominion and staff for teaching program courses. • Conducting DACUM for High Speed Machine Operator training with local manufacturers. • Offering on-site Manufacturing Management program at Johnsonville, Kohler, and HUI. • Working with Bay Area Workforce Development Board on local dislocations. • Working with Vestas to develop high angle rescue training. • Working with Morgan Aircraft to develop composites program. 2009-10 Plan & Budget – Operating 79 Lakeshore Technical College Table of Contents Engage target markets with educational opportunities at LTC to meet workforce demands. 1. Provided communication support to create awareness with multicultural and NTO students. Updated multicultural brochure, had a presence at Hmong New Year in Sheboygan, and held NTO luncheon for female criminal justice students. • Provided transition services at Next Steps Events at LTC-Manitowoc and LTC-Sheboygan in November. Served 23 students plus 6 students who had already applied and received 11 applications. • Supported eleven high school manufacturing programs: 70 students/12 teams with 10 percent transition. Build Excellence Enhance productivity and efficiency to improve services and/or reduce costs. • Implemented PeopleSoft V.9 on time. • Completing first phase policy system rollout - 40 percent complete. • Expand the use of student email is on track. Goal is 70 percent of student using it and status of users is 57 percent. • Selected text messaging vendor with implementation planned for January 2009. • Purchased and using simulator technologies. Improve campus safety and preparedness to ensure a safe and secure environment. • Completed two table top exercises (emergency response). • Completed two fire drills for staff and students successfully (day and evening). • Implemented Emergency Notification System and tested to see effectiveness. • Implemented training process for all new staff on emergency procedures. • Supplied Emergency Checklist to each classroom and offices. 2009-10 Plan & Budget – Operating 80 Lakeshore Technical College Table of Contents Administrative Functions The administrative functions support the operations of the College. Administrative Functions Development Financial Services Human Resources Marketing & College Relations President’s Office Research & Planning Development provides foundation support and alumni relations. Financial Services is responsible for all financial activities including accounts payable, accounts receivable and collections, cash management, budgeting, debt management, accounting, internal controls, auditing, fixed asset tracking and monitoring, and procurement. Accounting services are also provided for the LTC Foundation. Contract management for copy center, mailroom, and food service services are provided. Physical plant oversight is also provided. Human Resources provides services that include recruitment selection and employment, compensation and benefit programs, employee orientation, training and development, certification, affirmative action, contract negotiations, college health and wellness services, safety and security, and child care center oversight. Marketing and College Relations strategically promotes the college’s image, mission, programs and services to its stakeholders through advertising, student recruiting, media relations, publications, web and portal development, and government and public relations. President’s Office provides overall college leadership, support to the LTC Board, policy administration, and telecommunication services oversight. Research & Planning coordinates institutional accreditation, institutional research, performance reporting, planning and budgeting, quality effort support, and grant writing services. 2009-10 Plan & Budget – Operating 81 Lakeshore Technical College Table of Contents The administrative performance monitor measures the departments’ results from 2006-07 through mid-year 2008-09. Key indicators measure the outcomes of the departments’ goals. The comparisons allow the departments to track indicator performance against peer, historical or national measures which help staff to set the 2009-10 targets. Lakeshore Technical College 2009-10 Administrative Performance Monitor I. Results Essential Duties & Responsibilities Key Indicator % Operating Tax Levy Financial Management Instructional % of Budget Fund Balance Ratio Cost per FTE Community Involvement Manage Resources Insurance Loss Ratio Health Insurance Experience Loss Rate Staff Retention Recruitment Recruitment Cycle Timeline Hiring of Minority Populations Management Effectiveness Employee/Labor Relations Staff Issues Resolution Employee Training Cost # of Inquiries Marketing # of Web Hits Net Promoter Score Executive Administrative Support District Board Support Timely School Closing Announcements Agendas Sent at Least 2 Days in Advance # Board Packets Emailed on Time % Meets Open Meetings Law On Time Completion – Research Schedule Satisfaction with Research and Planning Services Plan & Budget Timelines Met Staff Satisfaction with Process Status Key: Alert 2006-07 Result 56.21% 65.62% 22.96% $13,393 2 N/A 94.20% 96.00% 45 days 1.47% 3.33 75.00% $325 N/A N/A N/A 19.6 min N/A 14/15 100.00 % 88.00% 3.50 52.00% 80.00% 2007-08 Result 56.92% 65.77% 24.06% $13,464 3 N/A 93.90% 96.00% 51 days 1.48% 3.40 92.00% $325 4,576 858,216 +15 18.0 min N/A 13/14 100.00% 80.00% 3.50 70.00% 73.00% 2008-09 Status 56.25% 65.58% 22.21% $14,078 2 N/A 104.30% 96.00% 43 days 1.48% Comparison 56.40% 66.80% 20.00% $13,244 2 37.82% 93.90% 96.00% 45 days 3.46% 3.39 N/A $434 N/A N/A N/A 18.8 min 90.00% 100.00% 100.00% 88.00% N/A 57.50% 80.00% 2009-10 Targets 50.00% 70.00% 25.00% $13,000 4 7.50% 90.00% 98.00% 30 days 3.50% 3.75 95.00% $500 4,500 929,734 N/A 15.0 min 90.00% 100.00% 100.00% 95.00% 4.00 95.00% 90.00% 3.40 92.00% $375 N/A N/A N/A 22.8 min 42.67%* 69.23% 100.00% Research & Reporting 86.00% 3.50 80.00% 73.00% On Target Planning & Accreditation Watch 2009-10 Plan & Budget – Operating 82 Lakeshore Technical College Table of Contents LTC’s annual plan goals are deployed through the functional areas. The administrative functions support the college’s annual plan goals of implement technologies and promote a student success model with the expected results as listed. Additional departmental goals are partially listed. II. Goals 2009-10 Annual Plan Goals 1. Implement technologies that improve communication, access, and efficiency. 2. Promote a student success model. 3. Develop an organizational development plan. Expected Results Implement the following: • Policy and Procedure Manager • The Bridge • E-Recruit • Labor Market • Live Chat • Online education platform • Increase retention and graduation rates. • Increase student satisfaction. • Design and recommend a system for organizational development. • Deploy recognition system. • Implement staff recognition process improvement plan. • Develop and implement a professional development policy for management and support. • Complete contract negotiations. The chart on the following page shows the financial and staff resources budgeted for the administrative functions. The increase in personal services is due to wage and benefit increases. Equipment under the Physical Plant function includes capital projects such as additions and remodeling for the college. 2009-10 Plan & Budget – Operating 83 Lakeshore Technical College Budget and Staffing 2006-07 2007-08 Actuals Actuals 74,130 0 74,130 0.94 22,394 0 22,394 1.00 Table of Contents Description Development Personal Services Current Expenses Total Staff FTEs Financial Services Personal Services Current Expenses Total Equipment Staff FTEs Human Resources Personal Services Current Expenses Total Equipment Staff FTEs Marketing & College Relations Personal Services Current Expenses Total Equipment Staff FTEs President's Office Personal Services Current Expenses Total Staff FTEs Physical Plant Personal Services Current Expenses Total Equipment Staff FTEs Research & Planning & Grants Personal Services Current Expenses Total Equipment Staff FTEs Telecommunications Personal Services Current Expenses Total Equipment Staff FTEs Total Administrative Personal Services Current Expenses Total Administrative Equipment Staff FTEs 2008-09 Budget 117,853 0 117,853 0.96 2009-10 Budget 130,068 0 130,068 1.96 537,237 392,021 929,258 61,392 8.26 517,312 419,236 936,548 81,392 8.26 541,779 430,866 972,645 83,050 8.27 525,493 439,624 965,117 85,000 7.35 1,017,448 169,419 1,186,867 19,591 8.42 1,198,076 168,002 1,366,077 9,490 8.89 1,321,765 197,010 1,518,775 6,000 8.78 1,797,036 206,795 2,003,831 6,000 8.82 222,680 339,569 562,249 1,512 5.00 356,421 268,151 624,572 2,939 5.00 366,294 335,258 701,552 3,000 5.00 378,714 319,433 698,147 3,000 5.65 321,596 76,668 398,263 3.00 271,398 87,559 358,957 3.00 329,478 85,182 414,660 3.00 361,088 92,890 453,978 3.00 637,211 953,723 1,590,934 1,881,869 7.00 584,338 1,005,853 1,590,191 1,888,007 7.00 597,869 974,699 1,572,568 2,870,800 7.00 540,172 961,523 1,501,696 2,811,500 6.00 407,558 50,534 458,092 0 6.07 424,792 25,569 450,362 0 6.07 428,767 46,809 475,576 4,000 6.08 450,942 60,625 511,567 4,000 6.16 53,321 108,345 161,666 1,455 1.00 58,949 123,512 182,461 0 1.00 59,715 147,775 207,490 0 1.00 58,071 138,200 196,271 0 1.00 3,271,181 2,090,278 5,361,459 1,965,819 37.75 3,433,680 2,097,883 5,531,563 1,981,828 38.22 3,763,520 2,217,599 5,981,119 2,966,850 38.13 4,241,585 2,219,090 6,460,676 2,909,500 36.98 2009-10 Plan & Budget – Operating 84 Lakeshore Technical College Table of Contents Instruction Instruction is responsible for the curriculum, design, development, and delivery of quality programs, courses, and educational services. Workforce Solutions serves the community through its seminar offerings, contract training, technical assistance, and entrepreneurship services. The instruction performance monitor measures the results from 2006-07 through mid-year 2008-09. Key indicators measure the outcomes of function’s goals. The comparisons allow the departments to track indicator performance against peer, historical or national measures which help staff to set the 2009-10 targets. Lakeshore Technical College 2009-10 Instruction Performance Monitor I. Results Essential Duties & Responsibilities FTEs Enrollments Course Completion Instructional Leadership Semester-to-Semester Retention Student Satisfaction % of Offered Program Courses available in Flexible Learning Option % of Offered Program Courses in PBI format Employer Satisfaction Management Effectiveness Manage Resources # of full-time faculty over 125% semester/280% yearly % / # of offerings < 75% of enrollment capacity (10, 30, 31, 32, 50) % of Curriculum Budget Spent Key Indicator 2006-07 Results 2030 15,679 79.84% 83.71% 4.35 30.15% 87.87% 3.51 3.37 7 N/A 72.19% 2007-08 Results 2072 15,397 72.01% *79.54% 4.37 36.00% 91.17% 3.52 3.41 16 N/A 106.00% 2008-09 Status 2225 14,300 87.13% 79.59% 4.29 36% 91% 3.52 3.40 N/A N/A 17.00% Comparison 2114 N/A 79.40% N/A N/A N/A 3.50 3.39 N/A N/A N/A 2009-10 Targets 2400 14,750 N/A 85.00% 4.50 N/A N/A 3.60 3.60 N/A N/A 100% Partnerships Status Key: 2009-10 Plan & Budget – Operating Alert Watch On Target 85 Lakeshore Technical College Table of Contents LTC’s annual plan goals are deployed through the functional areas. The instruction function support the college’s annual plan goals of build capacity, expand sustainable practices, focus on rapid response efforts, and create programming to meet industry needs with the expected results as listed. II. Goals 2009-10 Annual Plan Goals 1. Build capacity to serve the projected dislocated workers and industry need. • • • • • • • • • • • • • • • Expected Results Expand electro-mechanical lab to support growing programs. Increase access to services and offerings through partnerships. Grow offerings related to the driving skills course. Automotive Center New FTE Growth 2009-2010 / 2010-2011 Summer School offerings Career Laddering New Certificates Offer Sustainability Science course. Expand renewable energy demonstration site. Link Program outcomes to course competencies. Analyze all programs to determine which programs don’t have Summative Assessments. Start developing Summative Assessments for programs that don’t have any. Develop process to evaluate and quantify Summative Assessments. Identify services, programs and certificates to meet dislocated worker needs Start programs designed to meet specific industry needs. 2. Expand integration of sustainable practices and renewable energy. 3. Develop an authentic assessment plan to meet Department of Education requirements. 4. Focus on rapid response efforts to retrain the workforce. 5. Create programming designed to meet industry needs. • • 2009-10 Plan & Budget – Operating 86 Lakeshore Technical College Table of Contents The overall budget increased due to wages and benefits. The overall number of staff increased due to new positions to support new programs. Budget and Staffing 2006-07 2007-08 Actuals Actuals Description Agriculture Personal Services Current Expenses Total Equipment Staff FTEs Apprentice Personal Services Current Expenses Total Equipment Staff FTEs Basic Skills Personal Services Current Expenses Total Equipment Staff FTEs Business & Technology Personal Services Current Expenses Total Equipment Staff FTEs General Education Personal Services Current Expenses Total Equipment Staff FTEs Health & Human Services Personal Services Current Expenses Total Equipment Staff FTEs Public Safety Personal Services Current Expenses Total Equipment Staff FTEs 2008-09 Budget 2009-10 Budget 324,419 42,293 366,712 7,650 3.31 331,168 40,727 371,895 959 3.32 355,710 48,644 404,354 3,000 3.82 383,778 48,381 432,159 3,000 3.61 278,642 144,396 423,038 0 4.80 333,945 102,382 436,327 13,903 5.05 356,771 91,615 448,386 0 5.55 410,673 91,165 501,838 37,050 5.55 1,843,786 408,221 2,252,007 23,423 20.86 1,924,046 429,871 2,353,917 13,252 19.63 1,681,766 402,961 2,084,727 0 19.60 2,028,378 582,104 2,610,482 18,000 21.18 2,923,457 103,134 3,026,591 17,060 31.38 3,107,603 150,398 3,258,000 58,301 32.37 3,144,656 208,195 3,352,851 54,598 33.37 3,289,512 193,447 3,482,959 23,000 31.62 1,592,903 37,192 1,630,095 0 17.67 1,532,221 39,771 1,571,992 0 15.00 1,763,973 96,716 1,860,689 0 15.00 1,802,426 89,314 1,891,740 0 13.45 3,008,026 225,617 3,233,642 68,964 30.67 3,253,349 198,132 3,451,482 161,461 31.46 3,283,492 226,464 3,509,956 83,855 31.60 3,642,101 198,228 3,840,329 90,210 34.50 1,701,954 186,723 1,888,677 88,720 16.01 1,664,985 209,659 1,874,644 66,178 15.93 1,852,597 282,066 2,134,663 242,272 16.69 1,939,688 396,341 2,336,029 110,700 18.14 2009-10 Plan & Budget – Operating 87 Lakeshore Technical College Budget and Staffing 2006-07 2007-08 Actuals Actuals 1,994,682 279,151 2,273,833 394,510 20.39 1,836,257 314,246 2,150,503 1,210,354 20.32 Table of Contents Description Trade & Industry Personal Services Current Expenses Total Equipment Staff FTEs Academic Administration Personal Services Current Expenses Total Equipment Staff FTEs Workforce Solutions Personal Services Current Expenses Total Equipment Staff FTEs Total Instruction Personal Services Current Expenses Total Equipment Staff FTEs 2008-09 Budget 2,302,258 388,411 2,690,669 836,750 21.43 2009-10 Budget 2,434,325 289,444 2,723,769 1,343,950 20.33 416,263 48,264 464,528 0 3.50 375,052 42,638 417,690 0 4.00 607,236 62,909 670,145 0 4.00 676,788 79,385 756,173 0 4.00 999,941 97,816 1,097,757 0 9.12 1,059,731 133,815 1,193,546 0 8.54 1,080,771 168,772 1,249,543 0 7.62 1,138,917 394,982 1,533,899 0 7.62 15,084,072 1,572,808 16,656,880 600,328 157.71 15,418,357 1,661,640 17,079,997 1,524,408 155.62 16,429,230 1,976,753 18,405,983 1,220,475 158.68 17,746,587 2,362,790 20,109,377 1,625,910 160.00 FTE and Enrollment by Division Below are the FTE and enrollment projections, estimates, and history. Workforce Solutions is represented within the division totals. Their offerings cut across divisions; additional information can be found in the Information section. Full-Time Equivalent Students 2006-07 FTE Enrollment 34 520 25 380 410 9,633 477 10101 1 161 374 3971 355 5388 174 8624 180 3,666 2,030 15,679 2007-08 FTE Enrollment 30 549 27 410 409 9,447 481 9658 1 193 370 3955 372 5,849 185 8168 196 4138 2,071 15,397 2008-09 Estimate FTE Enrollment 32 550 25 380 420 9450 525 9750 1 95 450 5580 375 5850 181 8100 201 4150 2210 15,400 2009-10 Budget FTE Enrollment 34 550 23 380 425 9500 582 10000 1 130 500 5620 410 5900 210 8400 215 4250 2400 15,500 Divisions Agriculture Apprenticeship Basic Skills Business & Technology Community Service General Education Health & Human Services Public Safety Trade & Industry Total Source: Cognos Reporting System, FTEs and Enrollments by Week, 5/15/09 Students may be duplicated within division, but counted once in total for enrollment. 2009-10 Plan & Budget – Operating 88 Lakeshore Technical College Table of Contents Instructional Support Instructional Support provides support services to current and potential students and the community Instructional Support Adult Recruitment Bookstore Flexible Learning Options High School Relations Information Technology/ WILM Library Media Outreach Placement School to Work/Tech Prep Student Services Student Success Adult Recruitment focuses on building relationships with incumbent workers and the community impacting recruitment. The Bookstore provides textbooks, personal enrichment book, and gift and supply items to the college campus. These services are outsourced Flexible Learning Options provides the technological support to deliver courses in preferred delivery methods. High School Relations focuses on building relationships in the high schools and the local communities which has a significant impact on high school recruitment. Similarly, school to work and tech prep services also work with high schools to provide work experiences to educational awareness opportunities. Information Technology/WILM provides the instructional and administrative computing and related technology support along with the support of administrative systems. Library services provide student and community access to computers, databases, books, and periodicals. Media services provide high quality promotional and educational video services. Outreach focuses on providing courses at community sites that range from personal enrichment to skill building or first steps to a degree or certification. Student Services includes services from admissions and counseling through registration and financial aid. Student Success provides additional student support services such as assessment and testing, placement, special needs, and minority services to help students complete their educational goals. 2009-10 Plan & Budget – Operating 89 Lakeshore Technical College Table of Contents The instructional support performance monitor measures the departments’ results from 2006-07 through mid-year 2008-09. Key indicators measure the outcomes of the departments’ goals. The comparisons allow the departments to track indicator performance against peer, historical or national measures which help staff to set the 2009-10 targets. Lakeshore Technical College 2009-10 Instructional Support Performance Monitor I. Results Essential Duties & Responsibilities WILM Key Indicator Help Desk Satisfaction Technology/WILM Projects Successfully Completed *Students served through Adult and High School Offerings High School Outreach Transition to Programs Flexible Learning Student Success Rate % of Offered Program Courses available in a Flexible Learning Option Student Satisfaction with Classroom/Lab Facilities Status Key: Alert 2006-07 Result 8.60 87% 985 21% 77% 28.62% 4.34 2007-08 Result 9.12 54% 1084 21% 75% 36.00% 4.31 Watch 2008-09 Status 9.02 91% 705 25% 74% 36% 4.34 Comparison 8.10 N/A N/A N/A 76% N/A N/A 2009-10 Targets 8.70 95.00% 2000 40.00% 80.00% 40.00% 4.50 Outreach Curriculum Design & Delivery Manage Resources On Target LTC’s annual plan goals are deployed through the functional areas. The instructional support function supports the college’s annual plan goals increase retention, implement a student success model, and implement technologies with the expected results as listed. Additional departmental goals are partially listed. II. Goals 2009-10 Annual Plan Goals 1. Increase retention through enhanced student activities and case management. 2. Implement a student success model. 3. Implement technologies that improve communication, access, and efficiency. 4. Increase the transition rate of students that inquiry to register. 5. Increase the high school transition rate. 6. Expand services at the Manitowoc and Sheboygan Job Centers. • Expected Results Increase retention by 1%. • Increase retention and graduation rates. • Increase student satisfaction. Implement the following: • Live Chat • Online education platform • 5% increase in each of the three steps. (Inq. – App. = 62%, App. – Admit = 50%, Admit – Reg. = 50%) • 20% transition rate • Eliminate the need for student to come to the Cleveland campus for reasons other than for classes 2009-10 Plan & Budget – Operating 90 Lakeshore Technical College Table of Contents Instructional Support plans are focused on increasing helping student succeed and growing community outreach. The budget that follows supports its goals and the services provided. Budget and Staffing 2006-07 2007-08 Actuals Actuals 342,643 29,422 372,065 0 2.50 404,268 41,355 445,623 0 2.50 2008-09 Budget 223,375 41,426 264,801 4,500 2.50 2009-10 Budget 219,747 73,950 293,697 4,500 2.35 Description Flexible Learning Personal Services Current Expenses Total Equipment Staff FTEs ITV/AV/Media Personal Services Current Expenses Total Equipment Staff FTEs Library Personal Services Current Expenses Total Equipment Staff FTEs Outreach Personal Services Current Expenses Total Staff FTEs Tech Prep/School to Work Personal Services Current Expenses Total Staff FTEs Information Technology Personal Services Current Expenses Total Equipment Staff FTEs Student Services Personal Services Current Expenses Total Equipment Staff FTEs Student Success Personal Services Current Expenses Total Staff FTEs Total Instructional Support Personal Services Current Expenses Total Equipment Staff FTEs 312,227 42,271 354,499 89,960 4.50 328,817 30,736 359,553 87,811 4.50 309,527 37,335 346,862 95,600 4.50 317,262 37,335 354,597 169,700 4.30 257,139 61,310 318,449 0 4.00 264,313 64,196 328,509 6,930 3.81 268,739 59,835 328,574 1,600 3.81 271,970 58,735 330,705 0 3.81 35,369 8,227 43,596 0.60 44,185 10,113 54,298 0.30 56,387 12,394 68,781 0.30 37,630 8,744 46,374 0.60 62,748 54,940 117,688 0.67 54,837 59,402 114,239 0.77 52,487 79,184 131,671 0.50 54,034 56,256 110,290 0.63 616,030 998,126 1,614,156 1,028,975 10.00 671,153 754,114 1,425,268 711,564 11.00 697,448 839,885 1,537,333 783,379 11.00 729,506 826,227 1,555,733 726,100 11.00 1,855,922 156,828 2,012,750 2,000 33.14 2,040,382 162,699 2,203,081 0 35.44 1,872,715 149,698 2,022,413 0 34.99 2,030,031 150,713 2,180,744 0 35.10 305,173 46,877 352,050 8.07 302,538 49,448 351,985 8.35 609,350 63,618 672,968 8.51 582,796 60,662 643,458 8.94 3,787,251 1,398,002 5,185,253 1,120,935 64.48 4,110,492 1,172,063 5,282,555 806,305 67.67 4,090,028 1,283,375 5,373,403 885,079 67.11 4,242,976 1,272,622 5,515,598 900,300 67.73 2009-10 Plan & Budget – Operating 91 Lakeshore Technical College Table of Contents Intentionally left blank 2009-10 Plan & Budget – Operating 92 LAKESHORE TECHNICAL COLLEGE Information Section This page left blank intentionally. Lakeshore Technical College Table of Contents Program Offerings Lakeshore Technical College offers 34 associate of applied science degree programs; 26 technical diploma programs; 38 technical certificates; and 10 apprenticeship programs. Agriculture Division Technical Diploma Dairy Herd Management Farm Business and Production Management Apprenticeship Division Associate Degree Technical Studies-Journeyworker Apprenticeship Programs Carpentry - Construction Industrial Electrician Machinist Maintenance Mechanic/Millwright Metal Fabrication Apprenticeship Programs (cont.) Sheet Metal - Construction Sheet Metal - Industrial Tech. Brick Masonry Tech. Plumbing Tool and Die Business and Technology Division Technical Certificate (District) Advanced Marketing Applications Certified Quality Technician Customer Service Desktop Publishing and Digital Design I Geographical Information Systems Global Positioning Systems Hospitality Management Professional Human Resource Administration Fundamentals Human Resource Administration Advanced Information Security Sales and Marketing Meeting and Event Planning Microsoft Office Integration Paralegal Post Baccalaureate Six Sigma for Green Belt Certification Supervisory Skills Introduction Supervisory Skills Advanced Supply Chain Health Care Supply Chain Management Transportation, Distribution & Logistics Web Design Associate Degree Accounting Administrative Assistant Broadcast Captioning Business Management Culinary Arts (shared with MPTC) Graphic and Web Design Hotel/Hospitality Management Human Resources Individualized Technical Studies IT-Computer Support Specialist IT-Network Specialist Judicial Reporting Manufacturing Management Marketing Medical Administrative Specialist Paralegal Quality Assurance Technician Supervisory Management Supply Chain Management Technical Diploma Broadcast Captioning Judicial Reporting Medical Transcription Office Assistant 2009-10 Plan & Budget – Information 93 Lakeshore Technical College Table of Contents Program Offerings (cont’d.) General Education Technical Certificate (District) General Studies Transfer Certificate - UW Green Bay General Studies Transfer Certificate - UW Oshkosh Health and Human Services Division Associate Degree Technical Diploma Clinical Laboratory Technician (shared with MATC) Child Care Services Dental Assistant (Short Term) Dental Hygienist (shared with WCTC) Early Childhood Education Health Unit Coordinator Nursing - Associate Degree Medical Assistant Pharmacy Services Management Medical Coding Specialist Radiography Medication Assistant Technical Certificate (District) Nursing Assistant Advanced Nursing Assistant Pharmacy Technician Child Care Professional Practical Nursing Community-Based Residential Facilities (CBRF) Caregiver Surgical Technologist Employed Pharmacy Technician Health Care Technician Inclusive Child Care Certificate Medical Coding Specialist Phlebotomy Wisconsin Model Early Learning Standards (WMELS) Associate Degree Criminal Justice - Law Enforcement Emergency Management Fire Protection Technician (Shared with FVTC) Paramedic Technician Nuclear Technology Technical Certificate (District) Radiation Safety Technician - Basic Radiation Safety Technician - Intermediate Radiation Safety Technician - Advanced Public Safety Division Technical Diploma Criminal Justice - Law Enforcement Academy Emergency Medical Technician - Basic Emergency Medical Technician - Intermediate Technician Emergency Medical Technician - Paramedic Associate Degree Electro-Mechanical Technology Mechanical Design Wind Energy Technology Technical Certificate (District) Machine Tool CNC Operations Mechanical Computer Aided Drafting Welding Training Short Term Trade and Industry Division Technical Diploma Auto Collision Repair & Refinish Technician Automotive Maintenance Technician Industrial Mechanic (Industrial Maintenance) Machine Tool Operation Welding - Industrial Welding/Maintenance and Fabrication LTC also offers many non-degree program courses and seminars to meet the needs of businesses and citizens in the District. 2009-10 Plan & Budget – Information 94 Lakeshore Technical College Table of Contents Accreditations LTC is accredited through the Academic Quality Improvement Program (AQIP) of the Higher Learning Commission; a Commission of the North Central Association (NCA) of Colleges and Schools. Programs are reviewed internally through a Quality Review Process as defined by the Wisconsin Technical College System Board. In addition, fifteen of LTC’s programs have professional or specialized accreditations. Lakeshore Technical College Accreditations/Licensures LTC Institutional Accreditation Higher Learning Commission of the North Central Association Professional Accreditations / State Approvals 2014-2015 Accredited / Licensed Through Programs Auto Collision Repair and Refinish Technician Automotive Maintenance Technician Criminal Justice-Law Enforcement Dental Hygienist Emergency Medical Technician – Basic Judicial Reporting Medical Administrative Specialist & Medical Transcription Medical Assistant Nursing Assistant Nursing Associate Degree Paralegal Paramedic Technician Radiography Surgical Technologist National Automotive Technicians Education Foundation National Automotive Technicians Education Foundation Wisconsin Dept. of Justice, Training and Standards Bureau American Dental Association Commission on Dental Accreditation Wisconsin Department of Health Services National Court Reporters Association Association for Healthcare Documentation Integrity Accrediting Bureau of Health Education Schools Wisconsin Department of Health Services National League for Nursing Accreditation Commission American Bar Association Commission on Accreditation of Allied Health Education Program Joint Review Committee on Education in Radiologic Technology Commission on Accreditation of Allied Health Education Programs 2014-15 2017-18 2012-13 2010-11 2010 2012-13 2013-14 Dec. 2013 2011-12 2018-19 2013-14 2011-12 2012-13 2010-11 2009-10 Plan & Budget – Information 95 Lakeshore Technical College Table of Contents FTE and Enrollment Historical Trends LTC saw significant full-time equivalent growth in Associate Degree and Basic Skills areas in 2008-09. This trend is expected to continue and grow in the Technical Diploma area as well as the College has projected to serve an increasing number of dislocated workers. FTE Trend 2007 - 2010 Aid Code 2006-07 Actual 2007-08 Actual 2008-09 Estimate 3-Year Average Percent of Total 2009-10 Budget Percent of Total Percent Change Associate Degree Technical Diploma Apprenticeship Vocational Adult Community Service Basic Skills Totals 1255 219 25 120 1 410 2030 1278 233 27 124 1 409 1450 216 24 104 1 415 2210 1328 223 25 116 1 411 2104 63.10% 10.58% 1.21% 5.51% 0.04% 19.55% 100.00% 1603 277 15 80 0 425 2400 66.79% 11.54% 0.63% 3.33% 0.00% 17.71% 100.00% 25.43% 18.88% -45.12% -35.48% -100.00% 3.91% 15.81% 2072 Source: Cognos Reporting System KPI-4, Enrollments by Week Cube FTE and Enrollment History FTE 3000 2500 1948 2000 1500 10,000 1000 500 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Est 2010 Budg 5,000 0 2128 1956 2115 2359 2225 2096 2030 2072 15,000 2210 FTE's Enrollments Enrollments 25,000 2400 20,000 Source: Cognos Reporting System 2009-10 Plan & Budget – Information 96 Lakeshore Technical College Table of Contents Wisconsin Technical College System Program Tuition Fee Rates The Wisconsin Technical College System Board annually sets the tuition rates for the technical college system. The ten-year average increase is 5.5 percent. Below are the historical program fee rates. Year 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 10-Year Average Tuition Rate $61.50 $64.00 $67.00 $70.00 $76.00 $80.50 $87.00 $92.05 $97.05 $101.40 % Increase 4% 4% 5% 4% 9% 6% 8% 6% 5% 4% 5.5% Source: WTCS Administrative Bulletins 2009-10 Plan & Budget – Information 97 Lakeshore Technical College Table of Contents Graduate Follow-up Statistics LTC annually surveys its program graduates to determine the number employed, the number employed in related occupations, and the satisfaction of the graduates. Number of Graduates Responses Percent Responding Percent Employed Employed in Related Occupations Percent in Related Employment Seeking Employment Not Available for Employment Percent Employed in District Median Annual Salary Percent Satisfied or Very Satisfied with Training 2003-04 1057 719 68% 91% 436 79% 57 112 73% $28,259 97% 2004-05 1066 859 81% 94% 533 75% 49 99 79% $26,312 97% 2005-06 984 791 80% 92% 451 74% 56 127 76% $29,120 97% 2006-07 940 748 80% 92% 451 81% 44 145 75% $33,207 98% 2007-08 865 526 61% 91% 342 77% 36 128 78% $32,175 97% Source: Annual Graduate Follow-Up Survey Results, Research & Planning Department Note: Information is based on a survey of LTC graduates conducted by the Research & Planning Department approximately 6 months after graduation. 2009-10 Plan & Budget – Information 98 Lakeshore Technical College Table of Contents Workforce Solutions Workforce Solutions training and technical assistance are supported by all instructional areas of the College. Below are listed the enrollments and FTEs as well as the top product lines and companies served. Percent of Activity by Service Area Service Area Agriculture Business & Technology Home Economics Industrial Service and Health Occupations Technical General Education/Basic Skills Technical Assistance Testing Total 2006-07 Actual 0.37% 3.45% 0.02% 13.24% 49.11% 4.35% 2.55% 26.88% 0.04% 100.00% 2007-08 Actual 1.21% 4.88% 0.04% 29.04% 27.91% 7.00% 2.50% 27.43% 0.00% 100.00% 2008-09 Estimate 0.22% 5.04% 0.00% 12.64% 32.99% 4.24% 9.21% 35.66% 0.00% 100.00% 2009-10 Budget 0.00% 7.01% 0.06% 6.13% 28.10% 17.06% 14.18% 27.19% 0.27% 100.00% Enrollments and FTEs by Contract and Seminar Indicators Contract/Seminar Revenue Companies Served Contract FTE's Contract Enrollments* Seminar FTEs Seminar Enrollments* Total FTE Total Enrollment (duplicated) 2006-07 $1,349,123 111 73.21 6,751 7.83 1,582 81.05 8,333 2007-08 $1,329,429 144 75.16 6,028 12.51 1,785 87.67 7,813 2008-09 Estimate $1,300,000 150 37.00 4400 10.00 1200 47.00 5600 % of Total 3.24% n/a 1.55% n/a 0.44% n/a 1.99% n/a FVTC Comparison 4.15% n/a 7.34% n/a 0.55% n/a 1.66% n/a Source: Cognos Reporting System, CR001, Seminar Report, 5/7/09 2009-10 Plan & Budget – Information 99 Lakeshore Technical College Table of Contents 2009-10 Grants and Projects Summary All state and federal projects have a series of activities with specific objectives and measurable outcomes detailed in the approved work plan. Formative and summative evaluation of measurable outcomes confirms project success and illustrates the positive impact of funding. Awarded projects are listed below along with the project or purpose. Match dollars are not included below. WTCS Carl Perkins, Department of Education through WTCS $407,581 • Student Success: Provides direct student and support services designed to meet the needs of designated career and technical education students. Preference is given to providing services to students the college determines are “at risk” of not completing a postsecondary career and technical education course/ program. Student and support services are targeted to improving student performance and the college’s attainment of negotiated levels of performance for enrollment, course completion, and graduation of “at risk” students. • Strengthening Career and Technical Education: Provides research of student satisfaction, course completion, and retention and graduation in Accounting and Judicial Reporting. Modifications/changes will be studied and made in these programs to increase student retention and graduation. • Non-traditional Occupations Services: Provides services to assist individuals interested in nontraditional occupations by offering opportunities to explore pre-technical skills in high earning potential programs such as Automotive, Electronics, Mechanical Design, Industrial Maintenance, Machine Tool Operations, and Health careers for men prior to the students enrolling in the program. • Tech Prep: Develops and implements competency-based Tech Prep offerings that provide secondary students with an improved opportunity to make a smooth school-to-work transition and prepare for high-skilled technical occupations. • Development of Measures of Technical Skill Attainment: Provide state wide leadership in developing the technical skill attainment measures for Business Management. • Development of Programs of Study: Provide state wide leadership in developing the career and technical education program of study for Welding with secondary partner. Adult Education and Family Literacy $372,925 Funds assist adults to become literate and to obtain the knowledge and skills necessary for employment and self-sufficiency; assist adults who are parents to obtain the educational skills necessary to become full partners in the educational development of their children; and assist adults in the completing of a secondary school education New and Emerging Occupations $183,917 Funds provide occupational specific instruction in year two of the new associate degree Hotel and Hospitality Management (24 students) and Wind Energy Technology (42 students) programs and modification of new curricula as needed. Health Care Education $245,956 Nursing Associate Degree: Provides occupational specific instruction in the associate degree Nursing program for students in year one of their training. Nursing Assistant Technical Diploma - Technology: Provides occupational specific instruction in the short-term Nursing Assistant program for high school students. Students will use human patient simulators to maximize the learning experience. Nursing Assistant Technical Diploma – Access: Provides occupational specific instruction in the shortterm Nursing Assistant program for high school students and provides expanded access for students with barriers to learning such as Low English Proficiency, and one-on-one academic support. 2009-10 Plan & Budget – Information 100 Lakeshore Technical College Table of Contents Workforce Advancement Training Grant - Projected $284,250 Through partnerships between business, labor and the College, LTC will provide training to upgrade the skills and productivity of employees of established, for-profit businesses, with the broader objective of supporting regional workforce and economic development efforts. The training can include any combination of academic, occupational and employability topics or courses. Companies awarded include: Lakeside Foods, Tower Tech Systems, Inc., Orion, Invincible, and JL French. An additional five to seven companies are pending based future funding. Workplace Adult Basic Education $110,114 Through partnerships between business, labor and the College, adult basic education is provided onsite at the company. Instruction may include ABE, ESL, basic computer literacy, and employability skills. Pentair is the only company for 2009-10 served. General Purpose Revenue $319,150 • Minority Participation & Retention: Provides support services to focus on the transition, retention, and graduation of minority students from technical programs, with an emphasis on high earning potential occupations • Opportunities-Displaced Homemakers: Provides services to displaced homemakers to assist in reducing barriers to employment by improving marketable skills and assistance in obtaining employment. • Transition Services: Provides transition services for individuals with disabilities transitioning from secondary schools or the community to the technical college. • Intermediate ESL: Provide intermediate/advanced ESL for limited English-speaking adults. • Faculty Development: Provides technology specific flexible and accessible learning opportunities for faculty to meet the changing technology required as our educational delivery methods change. Faculty must maintain quality, effective educational opportunities that will engage learners and provide the environment for student success • Advanced Manufacturing Network-NE: Provides funds for LTC, NWTC, MPTC, & FVTC to further expand the community relationships and partnerships to better serve the regional needs of manufacturers. • Adult Literacy: I-BEST GOAL Hotel and Hospitality Bridge Courses: Provides a team approach of occupational program instructors, Adult Basic Education/English Language Learner instructors, and business partners to develop bridge courses and provide instruction for students pursuing a Hotel and Hospitality Management degree. Federal U.S. Department of Education $238,000 LTC received a Congressionally Directed Award through the US Department of Education Foundation for the Improvement of Postsecondary Education to support equipment purchases in the Center for Manufacturing Excellence. U. S. Department of Education - PENDING $1,578,866 LTC is a finalist in the 2009 funding for Title III part A Strengthening Institutions grant program. The proposed project focuses on supporting and transitioning GOAL students into postsecondary education programs. U. S. Department of Commerce - PENDING $670,196 In partnership with the Plymouth School District, LTC has an application pending for funding to support a High Speed Production Technician Training Center at Plymouth High School. The U.S. Department of Commerce is requesting additional information to support the application after determining the project merits further consideration. U.S. Nuclear Regulatory Commission - PENDING $147,312 This grant program provides up to 10 students full scholarships to cover all tuition, fees, and books for one year of the program, with a second year scholarship dependent on a continuation grant to the institution and satisfactory academic progress by the scholarship recipient. Scholarships are in the $5,000 range. 2009-10 Plan & Budget – Information 101 Lakeshore Technical College Table of Contents Business and International Education, U.S Department of Education $88,615 This two-year project continues to support international education at LTC and partnering Silver Lake College. High Growth Job Training Initiative Grants for the Energy Industry, Department of Labor, Employment and Training Administration $326,721 This multi-year project was funded in 2008 and continues to support outreach and programming in electrical power generation disciplines. Midwest Consortium for Hazardous Waste Worker Training $144,000 The consortium is funded by The National Institute of Environmental Health Sciences and is arranged to utilize the specific competencies of each member institution, avoid duplication of administrative functions inherent in a single state effort, and build upon each institution’s existing training networks. State DPI Pre-College Scholarship Program $43,000 The DPI Pre-College Scholarship Program supports low-income high school students in accessing EMTBasic, Medical Terminology, and Business Law courses by covering tuition, fees, and books. Department of Workforce Development - School-to-Work: $18,000 The Lakeshore School-To-Work Consortium initiates and supports educational opportunities, in or outside the classroom, to assist all students in their transition process from school to work. The supported educational opportunities are programs and systems developed to make learning relevant, seamlessly transition youth to adulthood, and address current and future needs of the community's workforce and global economy. Wisconsin Department of Transportation - Motorcycle Safety $34,433 Grant provides for purchase of safety training materials and instruction of the Wisconsin Motorcycle Safety Program to the community. 2009-10 Plan & Budget – Information 102 Lakeshore Technical College Table of Contents Equalized Valuations and Mill Rates The operational mill rate may not exceed 1.50000 per s.38.16 of the Wisconsin Statutes. The Lakeshore Technical College District includes Manitowoc County less the portion of the Chilton, Brillion, and Denmark school districts; Sheboygan County less the portion of the New Holstein school district; plus the portion of the Kiel school district in Calumet County and the Cedar Grove-Belgium and Random Lake school districts in Ozaukee County. Budget Year 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 Budget Equalized Valuation 8,559,915,964 8,986,431,531 9,624,242,006 10,237,882,737 10,770,628,344 11,348,129,963 12,136,053,740 13,000,513,350 13,720,365,222 14,239,835,631 14,239,835,631 Percent Change 6.42% 4.98% 7.10% 6.38% 5.20% 5.36% 6.94% 7.12% 5.54% 3.79% 0% Operational Mill Rate 1.37394 1.38453 1.35762 1.34488 1.33365 1.29888 1.22986 1.19798 1.17681 1.18161 1.21883 Debt Service Mill Rate 0.25643 0.28944 0.31672 0.31081 0.31215 0.31327 0.32741 0.30650 0.29869 0.29083 0.29726 Total Mill Rate 1.63037 1.67397 1.67435 1.65569 1.64580 1.61215 1.55710 1.50448 1.47551 1.47245 1.51610 2009-10 Plan & Budget – Information 103 Lakeshore Technical College Table of Contents District Demographics LTC’s District population grew at a rate less than the United States’. Manitowoc County’s estimated population change between 2000 and 2008 was 2.3 percent, while Sheboygan County’s was 4.3 percent. This will contribute to workforce shortages, especially considering the aging population of the district. Census Location Manitowoc County Sheboygan County Wisconsin United States 2000 Census 82,893 112,656 5,363,715 281,421,906 2008 Estimate 84,830 117,472 5,627,967 300,059,729 Numeric Change 1,937 4,816 264,252 18,637,823 Percent Change 2.3% 4.3% 4.9% 8.0% Source: Wisconsin Department of Administration. Retrieved 5/14/09. http://www.doa.state.wi.us The age distribution of LTC’s District reveals the potential number of students LTC has the opportunity to serve. Currently, LTC serves 11 percent of the high school graduates directly out of high school. One out of thirteen residents is served by LTC annually. Age Distribution of LTC District Age Ranges District Population % of Total District Population LTC Enrollments % of Total LTC Enrollments 14 and under 15 to 19 years 20 to 24 years 25 to 34 years 35 to 44 years 45 to 54 years 55 to 59 years 60 to 64 years 65 to 74 years 75 to 84 years 85 years + Total 40,592 14,535 10,566 24,404 32,520 27,003 9,495 7,683 13,983 10,646 4,106 195,533 21% 7% 5% 13% 17% 14% 5% 4% 7% 5% 2% 100% 60 1,663 2,163 3,483 3,256 2,944 854 418 266 66 5 15,178 0% 11% 14% 23% 21% 19% 6% 3% 2% 0% 0% 99% U.S. Census Bureau, 2000 Census; WTCS Lemon Client Note: LTC enrollments total 15,397 with 219 ages unknown. 2009-10 Plan & Budget – Information 104 Lakeshore Technical College Table of Contents Employment The number of people employed in Manitowoc County and Sheboygan Metropolitan Statistical Area (MSA) slightly decreased between 2004 and 2008. Manitowoc County has had a higher unemployment rate than Sheboygan MSA since 2004. There was an increase in unemployment rates during 2007-2008. This, in part, was caused by a sizable number of manufacturing companies’ closures and layoff. Many of these workers enrolled at LTC for training causing an increase in enrollments. Note: Manitowoc County and Sheboygan MSA average unemployment rate 2004-2008 not seasonally adjusted. Source: Office of Economic Advisors, Wisconsin Department of Workforce Development. Retrieved 5/14/09. http://dwd.wisconsin.gov/oea/unemploy_rates_labor_stats.htm LAKESHORE TECHNICAL COLLEGE DISTRICT Ten Largest Employers (a) For the Fiscal Years Ended June 30, 1999 and 2008 2008 Approximate Number of Employees % of Total Rank Employment Approximate Number of Employees 1999 % of Total Employment Employer Kohler Company Bemis Mfg. Company Sheboygan Area School District J.L. French Corp. Holy Family Memorial Medical Center Sargento Foods, Inc. Sheboygan County Thermo Fisher Scientific (fka Fischer Hamilton Scientific, Inc.) Fresh Brands Distributing Aurora Medical Group The Manitowoc Co., Inc. Mirro Foley Company Lear Corporation Nature of Business Plumbing fixtures and fittings, Hotel & Real Estate Development Toilet seats, lavatories, cutting Education Aluminum die casting foundries Medical facility Cheese manufacturing County employees, nursing care facilities Laboratory apparatus & furniture mfg Wholesale/retail grocers Medical clinic Crane & ice machine manufacturing Aluminum cookware products Automotive products, trim components TOTAL EMPLOYMENT (b) Rank 8,152 1,800 1,535 1,325 1,312 1,300 904 900 900 850 1 2 3 4 5 6 7 8 9 10 6.5% 1.4% 1.2% 1.1% 1.1% 1.0% 0.7% 0.7% 0.7% 0.7% 6,593 1,800 1,500 1,068 1,285 1,400 1,000 1 2 4 7 6 5 9 5.5% 1.5% 1.3% 0.9% 1.1% 1.2% 0.8% 1,067 1,676 950 124,551 119,646 8 3 10 0.9% 1.4% 0.8% Notes: (a) Sources - 2008 Wisconsin Business Service and Manufacturers Directories, Websites March-April 2008, Wisconsin WORKNET, Workforce and Labor Market Information System, April 2009 and Sheboygan County Finance Office (b) Source - US Department of Commerce - Bureau of Economic Analysis. Includes total employment for Sheboygan County and Manitowoc County 2009-10 Plan & Budget – Information 105 Lakeshore Technical College Table of Contents Principal Taxpayers LAKESHORE TECHNICAL COLLEGE DISTRICT Principal Taxpayers For the Fiscal Years Ended June 30, 1999 and 2008 2008 Assessed Valuation (a) $ 160,971,221 50,378,560 46,365,443 36,105,200 30,514,896 23,509,563 23,002,526 20,663,100 16,819,300 9,241,847 % of Total Equalized Value Rank 1.17% 1 0.37% 2 0.34% 3 0.26% 4 0.22% 5 0.17% 6 0.17% 7 0.15% 8 0.12% 9 0.07% 10 Assessed Valuation (a) $ 97,438,800 1999 % of Total Equalized Value Rank 1.21% 1 Principal Taxpayers Kohler Company Acuity (fka Heritage Insurance) WalMart Blue Harbor Resort Aurora Medical Group, Inc. The Manitowoc Company, Inc. Holy Family Memorial, Inc. Johnsonville Sausage Target Corp Lowes Bemis Manufacturing Schultz-Sav-O Stores, Inc. HMS Co. - West Sheboygan Sargento Foods (fka Dairyland Investors) Fox Hills Inn & Country Club Mirro Company J.L. French Corporation Total Total District Equalized Value 12,138,500 17,577,300 0.15% 0.22% 8 4 29,842,800 13,821,000 10,297,400 20,388,600 15,076,200 12,788,000 10,519,100 $ $ 417,571,656 13,720,365,222 3.04% $ $ 239,887,700 8,043,898,139 0.37% 0.17% 0.13% 0.25% 0.19% 0.16% 0.13% 2.98% 2 6 10 3 5 7 9 Note: (a) Sources - Sheboygan County Finance Department, Manitowoc County 2007 CAFR and Lakeshore Technical College District 1998-99 CAFR 2009-10 Plan & Budget – Information 106 LAKESHORE TECHNICAL COLLEGE Glossary This page left blank intentionally. Lakeshore Technical College Table of Contents Definition of Terms Appropriation. An authorization granted by a legislative body (district board) to make expenditures and to incur obligations for specified purposes. Approved Budget. The revenue and expenditure plan for the district for the fiscal year as reviewed and approved by the district board. Assessed Valuation. The value placed upon taxable property as a basis for levying taxes. Assets. Property and resources owned or held which have monetary value. Balanced Budget. Revenues plus other sources equals expenditures plus other uses. Balance Sheet. A statement which discloses the assets, liabilities, reserves, and equities of a fund or account group at a specific date to exhibit financial position. Bond. A written promise to pay a specified sum of money, called the face value or principal amount, at a specified date or dates in the future, called the maturity date(s), together with periodic interest at a specified rate. Bond Rating. A level of risk assigned to general obligation promissory notes. The higher the rating, the less risky the notes are. LTC has an Aa2 bond rating from Moody’s Investor Service on its general obligation issues. Bonded Debt. The portion of indebtedness represented by outstanding bonds, which include general obligation promissory notes, that are backed by approved, irrevocable future tax levies for debt service. Budget. The operating plan of the district provides an estimate of proposed expenditures for a given period and the proposed means of financing them. Capital. Expenditures for items with a unit cost over $500 and a useful life more than two years including the acquisition of sites, purchase or construction of buildings (including equipping), lease / purchase of buildings, or remodeling and improvement of buildings and all movable and fixed major equipment. Combined Budget. The total budget for all funds. Cost Center. The smallest segment of a program or service that is separately recognized in the records, accounts, and reports. Debt. An obligation resulting from borrowing money. Debt Limit. The maximum amount of gross or net debt legally permitted. Debt Service. Expenditures for the retirement of debt as well as the interest payments on that debt. Deficiency. A general term indicating the amount by which actual levels of activities fall short of budget or expectation. Deficit. The excess of expenditures/uses over revenues/resources. Designated for Subsequent Year. A portion of this year’s unreserved fund balance to provide for the excess of expenditures and other financing uses over resources and other financing sources budgeted in the next year. District. Lakeshore Technical College. 2009-10 Plan & Budget – Glossary 107 Lakeshore Technical College Table of Contents Encumbrances. The obligations in the form of purchase orders, contracts, or salary commitments which are chargeable to an appropriation and for which a part of the appropriation is reserved. They cease to be encumbrances when paid or when an actual liability is established. Equalized Valuation. The full value of the taxable property in a district as determined by the Wisconsin Department of Revenue. The full value of the properties in a municipality less the equalized value of tax-incremented financing (TIF) properties is used for allocation of the tax levy by a district to municipalities within a district. Equity. The excess of assets over liabilities, generally referred to as fund balance. Fiscal Year. A 12-month period designated as the operating year for the district. The fiscal year for Lakeshore Technical College begins on July 1 and ends on June 30. Fringe Benefits. Compensation in addition to regular salary or wages provided to an employee. This includes health insurance, dental insurance, life insurance, long-term care, Social Security, Wisconsin Retirement, and salary continuance (disability insurance). Full-Time Equivalent (FTE). Number of total eligible credits taken in an academic year divided by 30. One FTE student equates to an individual taking 30 course credits during an academic year, which is considered full-time. Function. A group of related activities organized to accomplish a major service or activity for which the district is responsible. Fund. An independent fiscal accounting entity made up of a self-balancing group of accounts which is established for a specific purpose or objective. It includes accounts for assets, liabilities, fund balances, revenues, and expenditures. Fund Balance. The excess of assets over liabilities. They may be reserved or unreserved. Reserved A portion of fund balance that is not available for other expenditures and is legally segregated for a specific future purpose. Unreserved Designated: A portion of fund balance established to indicate tentative plans for financial resource utilization in a future period. Such plans are subject to change and may never be legally authorized, or may result in expenditures such as designations for operations and for subsequently budgeted expenditures. Undesignated The remainder of fund balance which is neither reserved nor designated. General Obligation Debt (or General Obligation Promissory Notes). Long-term debt for capital projects and capital equipment backed by the full faith and credit of the District. Goals. Those activities that you, your department, division, or committee would like to emphasize and represent a major commitment of resources based on customer needs. Levy. The total taxes or special assessments imposed by a governmental unit. Liabilities. Debt or other legal obligations arising out of transactions for goods or services received in the past which are owed but not necessarily due. Mill. A taxation unit equal to $1 of tax obligation for every $1,000 of assessed valuation of property. Obligations. Amounts which a governmental unit may be required to legally meet out of its resources, including both liabilities and unliquidated encumbrances. 2009-10 Plan & Budget – Glossary 108 Lakeshore Technical College Table of Contents Operating Budget. Plans of current expenditures and the proposed means of financing them. The annual operating budget is the primary means by which most of the financing, acquisition, spending, and service delivery activities of a government are controlled. The use of annual operating budgets is usually required by law. Annual operating budgets are essential for sound financial management and should be adopted by every government. The operating budget includes the general fund and special revenue-operational fund. Operating Transfers. All interfund (between fund) transfers other than residual equity transfers, e.g., legally authorized transfers from a fund receiving revenue to the fund through which the resources are to be expended. Other Financing Sources. Funds received from general long-term debt proceeds, operating transfers in, and material proceeds of fixed asset dispositions. Other Financing Uses. Fund used for operating transfers out. Overlapping Debt. The proportionate share of the debts of local governments located wholly or in part within the limits of the reporting government which must be borne by property within each government. Personal Services. The expenditures for compensating employees of the district which include wages and salaries, special payments, and benefits. Reserve. An account used to earmark a specific portion of fund balance to indicate that it is not available for other expenditures, but is designated for a specific purpose. Retained Earnings. An equity account reflecting the accumulated earnings of a proprietary (enterprise) fund. State Aid. Funds made available by the legislature for distribution to each district based on a prescribed formula of distribution to offset some of the instructional expenses. Statute. A written law enacted by a duly organized and constituted legislative body. Tax Rate. The amount of tax stated in terms of the unit of the tax base (mill rates). Tax Rate Limit. The maximum rate at which a governmental unit may levy a tax. Taxes. Compulsory charges levied by a governmental unit for the purpose of financing services performed for the common benefit. 2009-10 Plan & Budget – Glossary 109 Lakeshore Technical College Table of Contents Definition of Acronyms ABE ACLS ADA AEFL AQIP ASE AV BAWDB CTE DACUM DPI DWD ELL EMS EPR ESL EVOC FDIC FTA FTE FVTC GOAL GFOA GED GPR HLC HSED ITV LCD LEA LTC MPTC MSA MSOE MSSC NCA Adult Basic Education Advanced Cardiac Life Support Americans with Disabilities Act Adult Education and Family Literacy Academic Quality Improvement Project Adult Secondary Education Audio Visual Bay Area Workforce Development Board Career and Technical Education Developing a Curriculum Department of Public Instruction Department of Workforce Development English Language Learner Emergency Medical Services Employee Performance Review English as a Second Language Emergency Vehicle Operations Course Federal Deposit Insurance Corporation Flexible Training Arena Full-Time Equivalent Fox Valley Technical College Goal Oriented Adult Learning Government Finance Officers Association General Educational Development General Purpose Revenue Higher Learning Commission High School Equivalency Diploma Instructional Television Liquid Crystal Display Lakeshore Education Association Lakeshore Technical College Moraine Park Technical College Metropolitan Statistical Area Milwaukee School of Engineering Manufacturing Skill Standards Council North Central Association 2009-10 Plan & Budget – Glossary 110 Lakeshore Technical College NEO NEW NTO NWTC OSHA PBI PIT PLC QRP RISE SEOG SIG TABE TID UW WABE WATG WIDS WILM WRS WTCS WTCSB New and Expanding Occupations North East Wisconsin Non-traditional Occupation Northeast Wisconsin Technical College Occupational Safety and Health Administration Performance Based Instruction Process Improvement Team Programmable Logic Controller Quality Review Process Regional Industry Skills Education Supplemental Educational Opportunity Grant State Incentive Grant Tests of Adult Basic Education Tax Incremental District University of Wisconsin Workplace Adult Basic Education Workplace Advancement Training Grant Wisconsin Instructional Design Software Table of Contents Wisconsin Indianhead, Lakeshore, and Mid-State Technical College Consortium Wisconsin Retirement System Wisconsin Technical College System Wisconsin Technical College System Board 2009-10 Plan & Budget – Glossary 111 Lakeshore Technical College Table of Contents Intentionally left blank 2009-10 Plan & Budget – Glossary 112 This page left blank intentionally. gotoltc.edu 1.888.GO TO LTC 920.693.1000 • TTY: 920.693.8956 1290 North Avenue • Cleveland WI 53015-1414 NCA-Accredited (ncahlc.org • 312.263.0456) LTC is an equal opportunity/access employer and educator.

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