Fiscal Year 2016 Approved Budget

As approved by the Navajo County Community College District Governing Board following public hearings and a special board meeting on Tuesday, May 19, 2015.

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

Dr. Jeanne Swarthout, President, Northland Pioneer College

Questions about the budget should be directed to V. Blaine Hatch, Vice President for Administrative Services, (928) 524-7440, or may be submitted online.

Approved FY2016 Budget

As adopted by the District Governing Board, May 19, 2015

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Navajo County Community College District
Northland Pioneer College
Budget for Fiscal Year 2016
Summary of Budget Data

SCHEDULE A
            Increase/Decrease
From Budget 2015
To Budget 2016
    Budget
2016
  Budget
2015
  Amount   %
I. CURRENT GENERAL AND PLANT FUNDS
A. Expenditures:
Current General Fund   $26,077,253   $25,827,253   $250,000   1.0%
Unexpended Plant Fund   5,145,500   7,775,400   (2,629,900)   -33.8%
Retirement of Indebtedness Plant Fund   -0-   -0-   -0-   -0-
TOTAL   $31,222,753   $33,602,653   $(2,379,900)   -7.1%
B. Expenditures Per Full-Time Student Equivalent (FTSE):
Current General Fund   $13,373/FTSE   $12,914/FTSE   $459/FTSE   3.6%
Unexpended Plant Fund   $2,639/FTSE   $3,888/FTSE   $(1,249)/FTSE   -32.1%
Projected FTSE Count   1,950   2,000  
II. TOTAL OF ALL FUNDS ESTIMATED PERSONNEL COMPENSATION
Employee Salaries and Hourly Costs   $14,651,144   $14,555,000   $96,144   0.7%
Retirement Costs   1,561,637   1,579,000   (17,363)   -1.1%
Healthcare Costs   1,488,040   1,528,000   (39,960)   -2.6%
Other Benefit Costs   1,360,976   1,337,000   23,976   1.8%
TOTAL   $19,061,797   $18,999,000   $62,797   0.3%
III. SUMMARY OF PRIMARY AND SECONDARY PROPERTY TAX LEVIES AND RATES
A. Amount Levied:
Primary Tax Levy   $14,509,355   $14,035,753   $473,602   3.4%
Secondary Tax Levy   -0-   -0-   -0-   -0-
TOTAL LEVY   $14,509,355   $14,035,753   $473,602   3.4%
B. Rates per $100 Net Assessed Valuation:
Primary Tax Rate   1.7423   1.6610   0.0813   4.9%
Secondary Tax Rate   -0-   -0-   -0-   -0-
TOTAL RATE   1.7423   1.6610   0.0813   4.9%
IV. MAXIMUM ALLOWABLE PRIMARY TAX LEVY FOR FISCAL YEAR 2016 PURSUANT TO A.R.S. §42-17051   $14,509,355
V. AMOUNT RECEIVED FROM PRIMARY PROPERTY TAXES IN FISCAL YEAR 2015 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 2016
Resources

SCHEDULE B
    Current Funds   Plant Funds   Other Funds 2016 Total All Funds 2016   Total All Funds 2015 % Increase/
Decrease
    General
Fund
2016
Restricted
Fund
2016
Auxiliary
Fund
2016
Unexpended
Plant Fund
2016
Retirement of
Indebtedness
2016
BEGINNING BALANCES – July 1*
Restricted     $600,000             $600,000   $700,000 -14.3%
Unrestricted   $33,700,000 $600,000     $10,800,000       $45,100,000   $46,300,000 -2.6%
Total Beginning Balances   $33,700,000 $1,200,000     $10,800,000       $45,100,000   $47,000,000 -2.8%
REVENUES AND OTHER INFLOWS
Student Tuition and Fees
General Tuition   $2,800,000               $2,800,000   $2,700,000 3.7%
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   1,582,200               1,582,200   1,618,200 -2.2%
Equalization Aid   5,834,300               5,834,300   5,283,300 10.4%
Capital Support           345,500       345,500    375,400 -8.0%
Property Taxes
Primary Tax Levy   14,470,753               14,470,753   14,035,753 3.1%
Secondary Tax Levy                          
Gifts, Grants, and Contracts   1,800,000 6,000,000             7,800,000   7,800,000  
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   500,000           700,000   700,000  
Proceeds from Sale of Bonds                          
Total Revenues and Other Inflows   $28,627,253 $6,400,000 $500,000   $345,500       $35,872,753   $34,852,653 2.9%
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   (20,461,373)  (1,600,000)             (22,061,373)   (19,686,373) 12.1%
Policy 1924 – Future Cash Reserve   (13,038,627)               (13,038,627)   (12,913,627)
1.0%
Policy 1926 – Future Capital Reserve    
      (8,000,000)       (8,000,000)   (8,000,000)
 
Total Resources Available for Budget Year   $26,077,253 $6,600,000 $650,000   $5,145,500       $38,472,753   $41,252,653 -6.7%

* 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 2016
Expenditures and Other Outflows

SCHEDULE C
    Current Funds   Plant Funds   Other Funds 2016 Total All Funds 2016   Total All Funds 2015 % Increase/
Decrease
    General
Fund
2016
Restricted
Fund
2016
Auxiliary
Fund
2016
Unexpended
Plant Fund
2016
Retirement of
Indebtedness
2016
TOTAL RESOURCES AVAILABLE FOR THE BUDGET YEAR (FROM SCHEDULE B)   $26,077,253 $6,600,000  $650,000   $5,145,500       $38,472,753   $41,252,653 -6.7%
EXPENDITURES AND OTHER OUTFLOWS
Instruction   10,059,741 1,400,000             11,459,741   12,187,781 -6.0%
Public Service     20,000             20,000   20,000  
Academic Support   1,097,567               1,097,567   1,124,279 -2.4%
Student Services   1,707,284 650,000             2,357,284   2,425,677 -2.8%
Institutional Support (Administration)   7,878,662 30,000             7,908,662   9,197,951 -14.0%
Operation and Maintenance of Plant   1,687,028               1,687,028   1,650,068 2.2%
Scholarships   1,944,275 4,500,000             6,444,275   5,214,625 23.6%
Auxiliary Enterprises       650,000           650,000   205,000 217.1%
Capital Assets            5,145,500        5,145,500    7,775,400  -33.8%
Debt Service - General Obligation Bonds                          
Debt Service – Other Long-Term Debt                          
Other Expenditures                          
Contingency   1,702,696               1,702,696   1,451,872 17.3%
Total Expenditures and Other Outflows   $26,077,253 $6,600,000 $650,000    $5,145,500       $38,472,753   $41,252,653 -6.7%