Budget & Planning 2009 - 2010 Budget
Real Life. Real Learning.
Linking NTC Strategic Planning and Resource Allocation
Northcentral Technical College 1000 W. Campus Drive Wausau, WI 54401 715.675.3331 ntc.edu
NORTHCENTRAL TECHNICAL COLLEGE DISTRICT BUDGET 2009-2010
Wausau, Wisconsin
Members of the Board
Donald J. Viegut, Wausau Chairperson
Paul C. Proulx, Merrill Vice Chairperson
Ruth Risley-Gray, Antigo, Secretary/Treasurer
Bettye J. Nall, Spencer Member
Dana Gunderson, Antigo Member
Jean Trempe, Wausau Member
Douglas L. Moquin, Phillips Member
Thomas Lee, Wausau Member
Theodore Karl Nickel, Merrill Member
Executive Leadership Team
Lori A. Weyers, Ph.D., President Jeannie Worden, Vice President, Human Resources Jane L. Kittel, CPA, Vice President, Finance & Chief Financial Officer Doug Jensen, Vice President, Learning Larry Kind, Vice President, Student Services Kelly Fischer, Chief Development Officer & Executive Director, NTC Foundation Rob Elliott, Director of Facilities Chet Strebe, Chief Information Officer Katie Felch, Director of Marketing & Public Relations
Mission Statement
Northcentral Technical College is the customer-focused, accessible provider of innovative life-long learning that builds a globally competitive workforce.
District Office
Northcentral Technical College, 1000 West Campus Drive, Wausau, Wisconsin 54401, (715) 675.3331
SECTION I
INTRODUCTION
Real Life. Real Learning.
Dear District Taxpayer: We are pleased to present Northcentral Technical College’s (NTC’s) proposed budget for fiscal year 2010. In developing the budget, NTC’s Board of Trustees, administration and staff allocate resources in alignment with the mission and vision of the College. As a customer-focused, accessible provider of lifelong learning opportunities, NTC works diligently to provide high quality educational options at the lowest possible cost. In 2008-2009, the College continued to grow and serve the community, as evidenced by a 6.5 percent growth in full time equivalent student enrollment. The 2009-2010 budget plan reflects the efforts of the NTC Board of Trustees, administration and staff to allocate resources to support continued growth in the quality educational programs and services we provide to residents of the NTC district. This budget includes an operating mill rate reduction of 1.76 percent, continuing a four year drop in operating mill rates. In 2008-2009, Northcentral Technical College continued to grow and serve the community through sound fiscal management and the reallocation of resources. Key accomplishments include: ♦ Enrollment Growth The College estimates that more than 21,000 learners took a course at NTC during 2008-09. In addition, the College served 3,142 FTE (Full-Time Equivalent) students, a 6.5% increase over 2007-08 and one of the larger increases in the Wisconsin Technical College System. Enrollment increased 21% over three years under the leadership of Dr. Weyers. ♦ Meeting Workforce Needs NTC’s Center for Workforce Learning Solutions, a division of the College dedicated to providing customized workforce training solutions to local business and industry partners, served over 11,000 District employees and over 200 new businesses were served. ♦ Certificate Expansion With the addition of over 20 new certificates, NTC now offers more than 110 short-term flexible certificate options. Certificates allow learners to take compact modules of learning with the option of laddering those credentials into NTC’s associate degree and technical diploma programs, creating a seamless path for lifelong learning. ♦ Program Expansion New or expanded Associate Degree and Technical Diploma programs including Manufacturing Electronics Maintenance and Structural Steel Detailing were added through the reallocation of resources to meet District needs. ♦ Weekend College Through the development of Weekend College, NTC is providing an opportunity for learners to receive a degree or certification through flexible weekend offerings. 33 credentials in various disciplines are available for 2009-10. 1000 W. Campus Drive
1
Wausau, WI 54401-1899 1.888.NTC.7144 Ph. 715.675.3331 ntc.edu
♦ Transfer Opportunities The College expanded transfer and articulation agreements with four-year college partners to provide NTC students and alumni with more options to continue their learning journey. The College now has 121 transfer guides available online to guide students interested in continuing their learning. Three strategic partnerships were developed and four new articulation agreements were signed in 2008-09 with colleges including Lakeland College, Silver Lake, UW-Stout and Viterbo. ♦ Regional Commitment NTC reaffirmed its commitment to the regions in 2008-09 through certificate and program expansion, classroom updates and regional outreach. The College is moving forward with a partnership in Langlade County for a Center of Excellence in Wood Manufacturing. A partnership with Phillips Plastics was also developed to enhance and expand the North region campus in Phillips. ♦ K-12 Partnerships The College strengthened relationships with K-12 Districts through collaboration and partnership agreements and expanded transcripted credit opportunities. NTC welcomed K-12 students on campus through programs including Campus Visit Day events, Parent’s Nights, Transfer Fair, College Career Camp and the middle school Career Fair. ♦ Sound Fiscal Management Through conservative budgeting, early repayment of debt, and maintaining an appropriate reserve, NTC enjoys a strong financial position. We strongly believe this budget allows Northcentral Technical College to continue building futures one community, one workplace, one learner at a time. We look forward to your continued support as we fulfill this vision. Sincerely,
Lori A. Weyers, Ph.D. NTC President
Donald J. Viegut District Board Chairperson
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NORTHCENTRAL TECHNICAL COLLEGE ORGANIZATIONAL CHART
SECTION II
FINANCIAL DATA
NORTHCENTRAL TECHNICAL COLLEGE Pro-Forma Balance Sheet - Budgetary Basis June 30, 2009
ASSETS AND OTHER DEBITS Cash and Investments Receivables: Taxes Accounts Interest Perkins Loans Due from Other Governments Due from Other Funds Inventories Prepaid Expenditures Land, Building, and Equipment Amount Available in Debt Service Amount to be Provided for Long-term Debt Total Assets and Other Debits LIABILITIES
General $2,524,520 8,600,000 550,000 38,000
Governmental Fund Groups Special Special Revenue Revenue Capital Operational Non-Aidable Projects $0 $0 $7,599,738
Proprietary Fund Types Debt Service $6,737,020 Internal Service $2,854,749
Enterprise $624,121
Account Groups General Long-Term General Obligations Fixed Assets $0 $0
569,613
60,000
45,000
130,000
280,555
93,914 224,000 71,000 10,000 65,000,000 1,160,440 24,048,560 $25,209,000
70,000
$11,782,520
$850,168
$153,914
$7,599,738
$6,737,020
$893,121
$3,065,749
$65,000,000
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Accounts Payable Accrued Salaries and related items Due To Other Funds Due To Student Organizations Deferred Revenues Long-term Notes Payable Unfunded Employee Benefits Total Liabilites FUND EQUITY Investment in General Fixed Assets Retained Earnings - Unreserved Fund balances Reserved: Capital projects Debt service Prepaid expenditures Student loan repayments Unreserved: Designated for Operations Designated for Post Employment Benefits Designated for Special Projects Total Fund Equity Total Liabilities and Fund Equity
$200,000 1,000,000 71,000
$47,000
$54,000
$998,000
$10,000
$486,000
100,000 490,000 158,000 5,576,580 25,200,000 1,761,000 205,000 154,000 998,000 5,576,580 10,000 486,000 9,000 25,209,000 0
65,000,000 883,121 2,579,749
6,601,738 1,160,440 70,000 (86) 5,471,933 4,479,587 10,021,520 $11,782,520 591,874 53,294 645,168 $850,168
(86) $153,914
6,601,738 $7,599,738
1,160,440 $6,737,020
883,121 $893,121
2,579,749 $3,065,749
0 $25,209,000
65,000,000 $65,000,000
SECTION III
SUPPLEMENTAL DATA
Combined Statements Estimated Sources of Revenue 2008-2009
$8,340,397 Fund Balance/Reserve/ Interfund Transfers 9.74% $7,300,000 Debt Proceeds 8.52%
$28,825,835 Local Government 33.67%
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$11,999,900 Federal 14.01% $12,246,665 Institutional 14.30% $730,100 Other Student Fees .85% $505,500 Material Fees .59% $6,773,900 Program Fees 7.91% $8,913,000 State Aids 10.41%
Combined Statements Budgeted Sources of Revenue 2009-2010
$8,235,000 Debt Proceeds 9.44%
$7,786,738 Fund Balance/Reserve 8.93%
$30,263,301 Local Government 34.71%
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$12,004,800 Federal 13.76% $11,898,066 Institutional 13.64% $664,500 Other Student Fees .76% $515,000 Material Fees .59% $7,460,000 Program Fees 8.55% $8,390,000 State Aids 9.62%
Combined Statements Estimated Expenditures by Function 2008-2009
$9,581,900 Auxiliary/Public Service 11.19% 11 19%
$6,892,216 Fund Balance/Reserve/ Interfund Transfers 8.05%
$30,525,397 Instructional 35.64%
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$14,447,867 Physical Plant 16.87% $8,733,347 General Institutional 10.20% $1,692,929 Instructional Resources 1.98% $13,761,641 Student Services 16.07%
Combined Statements Budgeted Expenditures by Function 2009-2010
$9,314,691 Fund Balance/Reserve 10.68% $10,880,000 Auxiliary/Public Service A ili /P bli S i 12.47%
$29,942,997 Instructional 34.33% 34 33%
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$12,520,673 Physical Plant 14.36% $1,653,419 Instructional Resources 1.90% $9,317,099 General Institutional 10.68% $13,588,526 Student Services 15.58%