2013-14 Approved Budget

Approved 2014 Budget

As adopted by the District Governing Board, May 21, 2013

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Navajo County Community College District
Northland Pioneer College
Budget for Fiscal Year 2014
Summary of Budget Data

SCHEDULE A
            Increase/Decrease
From Budget 2013
To Budget 2014
    Budget
2014
  Budget
2013
  Amount   %
I. CURRENT GENERAL AND PLANT FUNDS
A. Expenditures:
Current General Fund   $25,432,135   $24,199,362   $1,232,773   5.1%
Unexpended Plant Fund   12,199,300   11,085,000   1,114,300   10.1%
Retirement of Indebtedness Plant Fund   -0-   -0-   -0-   -0-
TOTAL   $37,631,435   $35,284,362   $2,347,073   6.7%
B. Expenditures Per Full-Time Student Equivalent (FTSE):
Current General Fund   $11,560/FTSE   $10,083/FTSE   $1,477/FTSE   14.6%
Unexpended Plant Fund   $5,545/FTSE   $4,619/FTSE   $926/FTSE   20.1%
Projected FTSE Count   2,200   2,400  
II. TOTAL OF ALL FUNDS ESTIMATED PERSONNEL COMPENSATION
Employee Salaries and Hourly Costs   $14,006,000   $13,536,000   $470,000   3.5%
Retirement Costs   1,623,000   1,414,000   209,000   14.8%
Healthcare Costs   1,443,000   1,401,000   42,000   3.0%
Other Benefit Costs   1,310,000   1,278,000   32,000   2.5%
TOTAL   $18,382,000   $17,629,000   $753,000   4.3%
III. SUMMARY OF PRIMARY AND SECONDARY PROPERTY TAX LEVIES AND RATES
A. Amount Levied:
Primary Tax Levy   $13,341,335   $13,167,562   $173,773   1.3%
Secondary Tax Levy   -0-   -0-   -0-   -0-
TOTAL LEVY   $13,341,335   $13,167,562   $173,773   1.3%
B. Rates per $100 Net Assessed Valuation:
Primary Tax Rate   1.4769   1.3515   0.1254   9.3%
Secondary Tax Rate   -0-   -0-   -0-   -0-
TOTAL RATE   1.4769   1.3515   0.1254   9.3%
IV. MAXIMUM ALLOWABLE PRIMARY TAX LEVY FOR FISCAL YEAR 2014 PURSUANT
TO A.R.S. §42-17051
  $13,608,093
V. AMOUNT RECEIVED FROM PRIMARY PROPERTY TAXES IN FISCAL YEAR 2013 IN EXCESS OF THE MAXIMUM ALLOWABLE AMOUNT AS CALCULATED PURSUANT
TO A.R.S. §42-17051
  -0-

Navajo County Community College District
Northland Pioneer College
Budget for Fiscal Year 2014
Resources

SCHEDULE B
    Current Funds   Plant Funds   Other Funds 2014 Total All Funds 2014   Total All Funds 2013 % Increase/
Decrease
    General
Fund
2014
Restricted
Fund
2014
Auxiliary
Fund
2014
Unexpended
Plant Fund
2014
Retirement of
Indebtedness
2014
BEGINNING BALANCES – July 1*
Restricted     $700,000             $700,000   $723,000 -3.2%
Unrestricted   $31,593,000 $978,000 $17,000   $10,066,000       $42,654,000   $37,630,000 13.4%
Total Beginning Balances   $31,593,000 $1,678,000 $17,000   $10,066,000       $43,354,000   $38,353,000 13.0%
REVENUES AND OTHER INFLOWS
Student Tuition and Fees
General Tuition   $2,955,000               $2,955,000   $3,500,000 -15.6%
Out-of-District Tuition                          
Out-of-State Tuition   100,000               100,000   100,000
Student Fees   700,000               700,000   700,000  
Tuition and Fee
Remissions or Waivers
  1,000,000               1,000,000   1,000,000  
State Appropriations
Maintenance Support   1,646,600               1,646,600   1,689,700 -2.6%
Equalization Aid   5,514,200               5,514,200   5,367,100 2.7%
Capital Support           199,300       199,300     ––
Property Taxes
Primary Tax Levy   13,341,335               13,341,335   13,167,562 1.3%
Secondary Tax Levy                          
Gifts, Grants, and Contracts   1,600,000 6,000,000             7,600,000   6,600,000 15.2%
Sales and Services                       350,000 -100%
Investment Income   125,000               125,000      
State Shared Sales Tax     400,000             400,000   400,000  
Other Revenues   200,000   406,000           606,000   200,000 203%
Proceeds from Sale of Bonds                          
Total Revenues and Other Inflows   $27,182,135 $6,400,000 $406,000   $199,300       $34,187,435   $33,199,362 3.0%
Transfers
Transfers In     600,000 150,000   2,000,000       2,750,000   11,750,000 -76.6%
(Transfers Out)   (2,750,000)               (2,750,000)   (11,750,000) -76.6%
Total Transfers   ($2,750,000) $600,000 $150,000   $2,000,000              
Less:
Governing Board Designations   (27,955,700)               (27,955,700)   (24,258,000) 15.2%
Total Resources Available for Budget Year   $28,069,435 $8,678,000 $573,000   $12,265,300       $49,585,735   $47,294,362 4.8%

* These amounts exclude amounts not in spendable form (i.e., prepaids, inventories, and capital assets) or amounts legally or contractually required to be maintained intact.

Navajo County Community College District
Northland Pioneer College
Budget for Fiscal Year 2014
Expenditures and Other Outflows

SCHEDULE C
    Current Funds   Plant Funds   Other Funds 2014 Total All Funds 2014   Total All Funds 2013 % Increase/
Decrease
    General
Fund
2014
Restricted
Fund
2014
Auxiliary
Fund
2014
Unexpended
Plant Fund
2014
Retirement of
Indebtedness
2014
TOTAL RESOURCES AVAILABLE FOR THE BUDGET YEAR
(FROM SCHEDULE B)   $28,069,435 $8,678,000  $573,000   $12,265,300       $49,585,735   $47,294,362 4.8%
EXPENDITURES AND OTHER OUTFLOWS
Instruction   9,854,028 1,700,000 322,000           11,876,028   10,206,024 16.4%
Public Service     10,000             10,000   10,000  
Academic Support   1,120,690               1,120,690   1,041,483 7.6%
Student Services   1,640,285 650,000             2,290,285   2,161,940 5.9%
Institutional Support (Administration)   9,262,670 40,000             9,302,670   7,566,702 22.9%
Operation and Maintenance of Plant   1,747,689               1,747,689   1,809,170 -3.4%
Scholarships   282,625 4,600,000             4,882,625   5,898,011 -17.2%
Auxiliary Enterprises       234,000           234,000   500,000 -53.2%
Capital Assets            12,199,300              
Debt Service - General Obligation Bonds                          
Debt Service – Other Long-Term Debt                       153,000 -100%
Other Expenditures                          
Contingency   1,524,148               1,524,148   1,506,032 1.2%
Total Expenditures and Other Outflows   $25,432,135 $7,000,000 $556,000    $12,199,300       $45,187,435   $41,784,362 8.1%