Fiscal Year 2018 Approved Budget

As approved by the Navajo County Community College District Governing Board on Tuesday, May 16, 2017.

Budget data conforms to mandates of law specified in Arizona Revised Statutes §15-1461 concerning the advertisement and publication of budget information.

Questions about the budget should be directed to Maderia Ellison, Associate Vice President, Chief Business Officer, (928) 532-6743 or online via our online comment form.

Approved FY2018 Budget

As adopted by the District Governing Board, May 16, 2017

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Navajo County Community College District
Northland Pioneer College
Budget for Fiscal Year 2018
Summary of Budget Data

SCHEDULE A
            Increase/Decrease
From Budget 2017
To Budget 2018
    Budget
2018
  Budget
2017
  Amount   %
I. CURRENT GENERAL AND PLANT FUNDS
A. Expenditures:
Current General Fund   $27,296,054   $26,463,019   $833,035   3.1%
Unexpended Plant Fund   5,369,100   5,353,700   15,400   0.3%
Retirement of Indebtedness Plant Fund   -0-   -0-   -0-   -0-
TOTAL   $32,665,154   $31,816,719   $848,435   2.7%
B. Expenditures Per Full-Time Student Equivalent (FTSE):
Current General Fund   $13,703/FTSE   $13,232/FTSE   $471/FTSE   3.6%
Unexpended Plant Fund   $2,695/FTSE   $2,677/FTSE   $18/FTSE   0.7%
Projected FTSE Count   1,992   2,000  
II. TOTAL OF ALL FUNDS ESTIMATED PERSONNEL COMPENSATION
Employee Salaries and Hourly Costs   $14,963,955   $14,736,058   $227,897   1.5%
Retirement Costs   1,567,742   1,562,910   4,832   0.3%
Healthcare Costs   1,730,640   1,792,560   (61,920)   -3.5%
Other Benefit Costs   1,363,203   1,346,602   16,601   1.2%
TOTAL   $19,625,540   $19,438,130   $187,410   1.0%
III. SUMMARY OF PRIMARY AND SECONDARY PROPERTY TAX LEVIES AND RATES
A. Amount Levied:
Primary Tax Levy   $14,834,954   $14,361,969   $472,985   3.3%
Secondary Tax Levy   -0-   -0-   -0-   -0-
TOTAL LEVY   $14,834,954   $14,361,969   $472,985   3.3%
B. Rates per $100 Net Assessed Valuation:
Primary Tax Rate   1.8067   1.7884   0.0183   1.0%
Secondary Tax Rate   -0-   -0-   -0-   -0-
TOTAL RATE   1.8067   1.7884   0.0183   1.0%
IV. MAXIMUM ALLOWABLE PRIMARY TAX LEVY FOR FISCAL YEAR 2018 PURSUANT TO A.R.S. §42-17051   $14,834,954
V. AMOUNT RECEIVED FROM PRIMARY PROPERTY TAXES IN FISCAL YEAR 2017 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 2018
Resources

SCHEDULE B
    Current Funds   Plant Funds   Other Funds 2018 Total All Funds 2018   Total All Funds 2017 % Increase/
Decrease
    General
Fund
2018
Restricted
Fund
2018
Auxiliary
Fund
2018
Unexpended
Plant Fund
2018
Retirement of
Indebtedness
2018
BEGINNING BALANCES – July 1*
Restricted                          
Unrestricted   $45,800,000       $8,000,000       $53,800,000   $25,400,000 111.8%
Total Beginning Balances   $45,800,000       $8,000,000       $53,800,000   $25,400,000 111.8%
REVENUES AND OTHER INFLOWS
Student Tuition and Fees
General Tuition   $3,000,000               $3,000,000   $2,900,000 3.4%
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   1,649,000               1,649,000   1,606,000 2.7%
Equalization Aid   6,672,100               6,672,100   6,081,500 9.7%
Capital Support           369,100       369,100    353,700 4.4%
Property Taxes
Primary Tax Levy   14,834,954               14,834,954   14,361,969 3.3%
Secondary Tax Levy                          
Gifts, Grants, and Contracts   1,500,000 6,000,000             7,500,000   7,800,000 -3.8%
Sales and Services                          
Investment Income   140,000               140,000    140,000  
State Shared Sales Tax     400,000             400,000   400,000  
Other Revenues   200,000   350,000           550,000   646,300 -14.9%
Proceeds from Sale of Bonds                          
Total Revenues and Other Inflows   $29,796,054 $6,400,000 $350,000   $369,100       $36,915,154   $36,089,469 2.3%
Transfers
Transfers In     600,000 300,000   2,000,000       2,900,000   2,800,000 3.6%
(Transfers Out)   (2,900,000)               (2,900,000)   (2,800,000) 3.6%
Total Transfers   ($2,900,000) $600,000 $300,000   $2,000,000              
Less:
Governing Board Designations   (23,551,973)               (23,551,973)   (2,691,240) 775.1%
Policy 1924 – Future Cash Reserve   (13,648,027)               (13,648,027)   (13,231,510) 3.1%
Policy 1926 – Future Capital Reserve   (8,200,000 (400,000)     (5,000,000)       (13,600,000)   (6,500,000) 109.2%
Total Resources Available for Budget Year   $27,296,054 $6,600,000 $650,000   $5,369,100       $39,951,154   $39,066,719 2.2%

* 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 2018
Expenditures and Other Outflows

SCHEDULE C
    Current Funds   Plant Funds   Other Funds 2018 Total All Funds 2018   Total All Funds 2017 % Increase/
Decrease
    General
Fund
2018
Restricted
Fund
2018
Auxiliary
Fund
2018
Unexpended
Plant Fund
2018
Retirement of
Indebtedness
2018
TOTAL RESOURCES AVAILABLE FOR THE BUDGET YEAR (FROM SCHEDULE B)   $27,296,054 $6,600,000  $650,000   $5,369,100       $39,915,154   $39,066,719 2.2%
EXPENDITURES AND OTHER OUTFLOWS
Instruction   10,647,012 1,400,000             12,047,012   11,846,133 1.7%
Public Service     20,000             20,000   20,000  
Academic Support   1,111,599               1,111,599   1,108,841 0.2%
Student Services   1,875,369 650,000             2,525,369   2,476,180 2.0%
Institutional Support (Administration)   8,514,328 30,000             8,544,328   8,458,518 1.0%
Operation and Maintenance of Plant   1,769,885               1,769,885   1,709,072 3.6%
Scholarships   1,917,775 4,500,000             6,417,775   6,444,275 -0.4%
Auxiliary Enterprises       650,000           650,000   650,000  
Capital Assets            5,369,100        5,369,100    5,353,700  0.3%
Debt Service - General Obligation Bonds                          
Debt Service – Other Long-Term Debt                          
Other Expenditures                          
Contingency   1,460,086               1,460,086   1,000,000 46.0%
Total Expenditures and Other Outflows   $27,296,054 $6,600,000 $650,000    $5,369,100       $39,915,154   $39,066,719 2.2%