Fiscal Year 2015 Approved Budget

Approved FY2015 Budget

As adopted by the District Governing Board, May 20, 2014

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Navajo County Community College District
Northland Pioneer College
Budget for Fiscal Year 2015
Summary of Budget Data

SCHEDULE A
            Increase/Decrease
From Budget 2014
To Budget 2015
    Budget
2015
  Budget
2014
  Amount   %
I. CURRENT GENERAL AND PLANT FUNDS
A. Expenditures:
Current General Fund   $25,827,253   $25,432,135   $395,118   1.6%
Unexpended Plant Fund   7,775,400   12,199,300   (4,423,900)   -36.3%
Retirement of Indebtedness Plant Fund   -0-   -0-   -0-   -0-
TOTAL   $33,602,653   $37,631,435   $(4,028,782)   -10.7%
B. Expenditures Per Full-Time Student Equivalent (FTSE):
Current General Fund   $12,914/FTSE   $11,560/FTSE   $1,354/FTSE   11.7%
Unexpended Plant Fund   $3,888/FTSE   $5,545/FTSE   $(1,657)/FTSE   -29.9%
Projected FTSE Count   2,000   2,200  
II. TOTAL OF ALL FUNDS ESTIMATED PERSONNEL COMPENSATION
Employee Salaries and Hourly Costs   $14,555,000   $14,006,000   $549,000   3.9%
Retirement Costs   1,579,000   1,623,000   (44,000)   -2.7%
Healthcare Costs   1,528,000   1,443,000   85,000   5.9%
Other Benefit Costs   1,337,000   1,310,000   27,000   2.1%
TOTAL   $18,999,000   $18,382,000   $617,000   3.4%
III. SUMMARY OF PRIMARY AND SECONDARY PROPERTY TAX LEVIES AND RATES
A. Amount Levied:
Primary Tax Levy   $14,035,753   $13,341,335   $694,418   5.2%
Secondary Tax Levy   -0-   -0-   -0-   -0-
TOTAL LEVY   $14,035,753   $13,341,335   $694,418   5.2%
B. Rates per $100 Net Assessed Valuation:
Primary Tax Rate   1.6610   1.4769   0.1841   12.5%
Secondary Tax Rate   -0-   -0-   -0-   -0-
TOTAL RATE   1.6610   1.4769   0.1841   12.5%
IV. MAXIMUM ALLOWABLE PRIMARY TAX LEVY FOR FISCAL YEAR 2015 PURSUANT TO A.R.S. §42-17051   $14,035,753
V. AMOUNT RECEIVED FROM PRIMARY PROPERTY TAXES IN FISCAL YEAR 2014 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 2015
Resources

SCHEDULE B
    Current Funds   Plant Funds   Other Funds 2015 Total All Funds 2015   Total All Funds 2014 % Increase/
Decrease
    General
Fund
2015
Restricted
Fund
2015
Auxiliary
Fund
2015
Unexpended
Plant Fund
2015
Retirement of
Indebtedness
2015
BEGINNING BALANCES – July 1*
Restricted     $700,000             $700,000   $700,000 -3.2%
Unrestricted   $32,000,000 $900,000     $13,400,000       $46,300,000   $42,654,000 8.5%
Total Beginning Balances   $32,000,000 $1,600,000     $13,400,000       $47,000,000   $43,354,000 8.4%
REVENUES AND OTHER INFLOWS
Student Tuition and Fees
General Tuition   $2,700,000               $2,700,000   $3,500,000 -8.6%
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   1,618,200               1,618,200   1,646,600 -1.7%
Equalization Aid   5,283,300               5,283,300   5,514,200 -4.2%
Capital Support           375,400       375,400    199,300 88.4%
Property Taxes
Primary Tax Levy   14,035,753               14,035,753   13,341,335 5.2%
Secondary Tax Levy                          
Gifts, Grants, and Contracts   1,800,000 6,000,000             7,800,000   7,600,000 2.6%
Sales and Services                      

Investment Income   140,000               140,000    125,000  12.0%
State Shared Sales Tax     400,000             400,000   400,000  
Other Revenues   200,000   500,000           700,000   606,000 15.5%
Proceeds from Sale of Bonds                          
Total Revenues and Other Inflows   $27,577,253 $6,400,000 $500,000   $375,400       $34,852,653   $34,187,435 1.9%
Transfers
Transfers In     600,000 150,000   2,000,000       2,750,000   2,750,000  
(Transfers Out)   (2,750,000)               (2,750,000)   (2,750,000)  
Total Transfers   ($2,750,000) $600,000 $150,000   $2,000,000              
Less:
Governing Board Designations   (18,086,373)  (1,600,000)             (19,686,373)   (27,955,700) -29.6%
Policy 1924 – Cash Reserve   (12,913,627)               (12,913,627)      
Policy 1926 – Future Capital Reserve           (8,000,000)       (8,000,000)      
Total Resources Available for Budget Year   $25,827,253 $7,000,000 $650,000   $7,775,400       $41,252,653   $49,585,735 -16.8%

* 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 2015
Expenditures and Other Outflows

SCHEDULE C
    Current Funds   Plant Funds   Other Funds 2015 Total All Funds 2015   Total All Funds 2014 % Increase/
Decrease
    General
Fund
2015
Restricted
Fund
2015
Auxiliary
Fund
2015
Unexpended
Plant Fund
2015
Retirement of
Indebtedness
2015
TOTAL RESOURCES AVAILABLE FOR THE BUDGET YEAR (FROM SCHEDULE B)   $25,827,253 $7,000,000  $650,000   $7,775,400       $41,252,653   $49,585,735 -16.8%
EXPENDITURES AND OTHER OUTFLOWS
Instruction   10,042,781 1,700,000 445,000           12,187,781   11,876,028 2.6%
Public Service     20,000             20,000   10,000  100%
Academic Support   1,124,279               1,124,279   1,120,690 0.3%
Student Services   1,775,677 650,000             2,425,677   2,290,285 5.9%
Institutional Support (Administration)   9,167,951 30,000             9,197,951   9,302,670 -1.1%
Operation and Maintenance of Plant   1,650,068               1,650,068   1,747,689 -5.6%
Scholarships   614,625 4,600,000             5,214,625   4,882,625 6.8%
Auxiliary Enterprises       205,000           205,000   234,000 -12.4%
Capital Assets            17,775,400        7,775,400    12,199,300  -36.3%
Debt Service - General Obligation Bonds                          
Debt Service – Other Long-Term Debt                          
Other Expenditures                          
Contingency   1,451,872               1,451,872   1,524,148 -4.7%
Total Expenditures and Other Outflows   $25,827,253 $7,000,000 $650,000    $7,7754300       $41,252,653   $45,187,435 -8.7%