Revised Fiscal Year 2019 Proposed Budget

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.

Revised Proposed FY2019 Budget

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Navajo County Community College District
Northland Pioneer College
Revised Budget for Fiscal Year 2019
Summary of Budget Data

SCHEDULE A
            Increase/Decrease
From Budget 2018
To Budget 2019
    Budget
2019
  Budget
2018
  Amount   %
I. CURRENT GENERAL AND PLANT FUNDS
A. Expenditures:
Current General Fund   $27,988,697   $27,296,054   $692,643   2.5%
Unexpended Plant Fund   11,443,000   5,369,100   6,073,900   113.1%
Retirement of Indebtedness Plant Fund   -0-   -0-   -0-   -0-
TOTAL   $39,431,697   $32,665,154   $6,766,543   20.7%
B. Expenditures Per Full-Time Student Equivalent (FTSE):
Current General Fund   $13,994/FTSE   $13,703/FTSE   $292/FTSE   2.1%
Unexpended Plant Fund   $5,722/FTSE   $2,695/FTSE   $3,026/FTSE   112.3%
Projected FTSE Count   2,000   1,992  
II. TOTAL OF ALL FUNDS ESTIMATED PERSONNEL COMPENSATION
Employee Salaries and Hourly Costs   $15,434,817   $14,963,955   $470,862   3.1%
Retirement Costs   1,609,043   1,567,742   41,301   2.6%
Healthcare Costs   1,808,975   1,730,640   78,335   4.5%
Other Benefit Costs   1,376,642   1,363,203   13,439   1.0%
TOTAL   $20,229,477   $19,625,540   $603,937   3.1%
III. SUMMARY OF PRIMARY AND SECONDARY PROPERTY TAX LEVIES AND RATES
A. Amount Levied:
Primary Tax Levy   $15,055,197   $14,834,954   $220,243   1.5%
Secondary Tax Levy   -0-   -0-   -0-   -0-
TOTAL LEVY   $15,055,197   $14,834,954   $220,243   1.5%
B. Rates per $100 Net Assessed Valuation:
Primary Tax Rate   1.8164   1.8067   0.0097   0.5%
Secondary Tax Rate   -0-   -0-   -0-   -0-
TOTAL RATE   1.8164   1.8067   0.0097   0.5%
IV. MAXIMUM ALLOWABLE PRIMARY TAX LEVY FOR FISCAL YEAR 2019 PURSUANT TO A.R.S. §42-17051   $15,356,069
V. AMOUNT RECEIVED FROM PRIMARY PROPERTY TAXES IN FISCAL YEAR 2018 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
Revised Proposed Budget for Fiscal Year 2019
Resources

SCHEDULE B
    Current Funds   Plant Funds   Other Funds 2019 Total All Funds 2019   Total All Funds 2018 % Increase/
Decrease
    General
Fund
2019
Restricted
Fund
2019
Auxiliary
Fund
2019
Unexpended
Plant Fund
2019
Retirement of
Indebtedness
2019
BEGINNING BALANCES – July 1*
Restricted                          
Unrestricted   $42,900,000       $16,600,000       $59,500,000   $53,800,000 10.6%
Total Beginning Balances   $42,900,000       $16,600,000       $59,500,000   $53,800,000 10.6%
REVENUES AND OTHER INFLOWS
Student Tuition and Fees
General Tuition   $3,060,000               $3,060,000   $3,000,000 2.0%
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   1,572,700               1,572,700   1,649,000 -4.6%
Equalization Aid   6,910,800               6,910,800   6,672,100 3.6%
Capital Support           343,000       343,000   369,100 -7.1%
Property Taxes
Primary Tax Levy   15,055,197               15,055,197   14,834,954 1.5%
Secondary Tax Levy                          
Gifts, Grants, and Contracts   1,500,000 5,600,000             7,100,000   7,500,000 -5.3%
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   300,000           500,000   550,000 -9.1%
Proceeds from Sale of Bonds                          
Total Revenues and Other Inflows   $30,238,697 $6,000,000 $300,000   $343,000       $37,881,697   $36,915,154 -0.1%
Transfers
Transfers In     600,000 300,000   2,000,000       2,900,000   2,900,000  
(Transfers Out)   (2,900,000)               (2,900,000)   (2,900,000)  
Total Transfers   ($2,900,000) $600,000 $300,000   $2,000,000              
Less:
Governing Board Designations   (4,860,431)               (4,860,431)   (23,551,973) -79.4%
Policy 1924 –
Cash Reserve
  (28,289,569)               (28,289,569)   (13,648,027) 107.3%
Policy 1926 – Future Capital Reserve   (9,100,000       (7,500,000)       (16,600,000)   (13,600,000) 22.1%
Total Resources Available for
Budget Year
  $27,988,697 $6,600,000 $600,000   $11,443,000       $46,631,697   $39,951,154 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
Revised Proposed Budget for Fiscal Year 2019
Expenditures and Other Outflows

SCHEDULE C
    Current Funds   Plant Funds   Other Funds 2019 Total All Funds 2019   Total All Funds 2018 % Increase/
Decrease
    General
Fund
2019
Restricted
Fund
2019
Auxiliary
Fund
2019
Unexpended
Plant Fund
2019
Retirement of
Indebtedness
2019
TOTAL RESOURCES AVAILABLE FOR THE BUDGET YEAR (FROM SCHEDULE B)   $27,988,697 $6,600,000  $600,000   $11,443,000       $46,631,697   $39,915,154 16.8%
EXPENDITURES AND OTHER OUTFLOWS
Instruction   10,822,264 1,500,000             12,322,264   12,047,012 2.3%
Public Service     20,000             20,000   20,000  
Academic Support   1,163,861               1,163,861   1,111,599 4.7%
Student Services   1,908,400 650,000             2,558,400   2,525,369 1.3%
Institutional Support (Administration)   8,982,382 30,000             9,012,382   8,544,328 5.5%
Operation and Maintenance of Plant   1,841,825               1,841,825   1,769,885 4.1%
Scholarships   2,033,775 4,400,000             6,433,775   6,417,775 0.2%
Auxiliary Enterprises       600,000           600,000   650,000 -7.7%
Capital Assets            11,443,000        11,443,000    5,369,100  113.1%
Debt Service - General Obligation Bonds                          
Debt Service – Other Long-Term Debt                          
Other Expenditures                          
Contingency   1,236,190               1,236,190   1,460,086 -15.3%
Total Expenditures and Other Outflows   $27,988,697 $6,600,000 $600,000    $11,443,000       $46,631,697   $39,915,154 16.8%