2008-2009 BudgetApproved: June 25, 2008

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Board of Trustees’Planning Goals

• Maximize Student Access

• Guarantee Quality Education

• Guide Towards Educational Success

• Workforce Development

• Resource Development

• Community Resource

• Community Input

3

Strategic Initiatives

• Enrollment Management

• Achieving the Dream

• Workforce/Economic Development

• Core Learning Outcomes

• Health Care Education

4

State Appropriation as a Percent of Total Budget

Total Budget

OBR State Share of Instruction & Access

Challenge% of Total Budget

FY ‘08 19,476,438 $7,851,180 40%

FY ’07 19,512,369 7,435,615 38%

FY ’06 19,641,971 7,503,682 38%

FY ’05 18,091,500 7,668,178 42%

FY ’04 16,744,411 7,018,038 42%

FY ’03 16,316,545 6,856,649 42%

FY ’02 14,465,047 7,071,485 49%

FY ’01 14,967,227 7,549,845 51%

FY ’00 14,147,298 7,252,804 52%

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North Central State College Enrollment DataFall Quarter

2,841 2,813

3,102

3,547

3,3443,234

3,1273,193 3,148

2,429

2,263 2,262

2,0732,189

2,074

916824

948

1,118 1,081972

1,054 1,0041,074

1,925 1,9892,154

2,0221,9781,940

1,769 1,745

2,1132,100 2,0721,965

800

1300

1800

2300

2800

3300

3800

FY 2000 FY 2001 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY2008

Total Enrollment Part-Time Enrollment Full-Time Enrollment Annual FTE

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Analysis of Net AssetsAdoption of Governmental Accounting

Standards Board No. 34/35

02/03

Actual

03/04

Actual

04/05

Actual

05/06

Actual

06/07

Actual

Total Revenue $20,891,029 $20,988,039 $20,778,856 $21,182,291 $21,385,368

Total Expenditures 18,971,818 19,770,039 20,494,705 21,363,081 $21,552,777

Increase (Decrease) 1,919,211 1,218,000 284,151 (180,800) ($167,409)

Net Assets 19,989,198 21,207,198 21,491,349 21,310,549 $21,143,140

Unrestricted Net Assets 2,097,947 2,883,247 3,545,373 3,911,411 $3,917,243

Unrestricted Percent of Expenditures 11.06% 14.59% 17.30% 18.31% 18.18%

Planned Appropriation 600,000 440,000 1,537,136 841,186 $1,127,922

FY '08 Unrestricted Increase (Decrease) $670,474*

FY '08 Plant Fund (Capital) Increase (Decrease) 156,984

Increase (Decrease) in Net Assets $827,458

Unrestricted Net Assets Beginning of Year 3,917,243

Unrestricted Net Assets End of Year 4,744,701

Estimated 12% Reserve (Operating Budget) 2,469,795

Estimated Available Fund Balance $2,274,906

Estimated Fund Balance Calculation

*Projected based on average deficit of final 2 months of fiscal year over last 5 years.

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Budget Overview

$14,465,047

$16,316,545 $16,744,411

$19,641,971 $19,562,451

$7,071,485

$8,231,278

$19,476,438$18,091,500

$7,503,682$7,851,180

$7,435,615

$6,859,100

$7,018,038

$5,346,848

$6,856,649

$8,607,549$8,557,454$8,538,375

$7,668,178

$7,372,750

$2,353,623

$2,046,714

$2,600,796

$3,988,424

$2,192,044$3,604,696 $3,017,709

$1,000,000

$2,500,000

$4,000,000$5,500,000

$7,000,000

$8,500,000

$10,000,000$11,500,000

$13,000,000

$14,500,000

$16,000,000

$17,500,000$19,000,000

$20,500,000

$22,000,000

FY 01-02 FY 02-03 FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08

Total Budget OBR Subsidy/Access Student Fees All Other

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FY ’09 Budget Planning Assumptions

• State Appropriations Remain at Biennium Budget Allocation.

• Tuition Freeze Remains in Effect

• Enrollment increase of 3.5% for 2008-2009.

• Fill All Current Vacant Positions.

• Consider Planning Advisory Committee’s Recommendation.

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Budget Planning Recommendations• Wage increase of 3.0% with a $1,2501 guarantee.

• Implement a $1 per hour adjunct wage increase.

• Fund recommended PAC initiatives.– Initiative Assessment Development– Adjunct Faculty Professional Development– Core Learning Outcomes Assessments– Distance Learning

• Expand Full-Time Positions– English Faculty– Behavioral Science Faculty– OTA Faculty/Program Director– CDC Child Care Specialist– Foundation Database Specialist

• Use fund balance to cover projected deficit.

1Prorated for other than full-time.

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Revenue by Source

FY ’08 AMENDED

FY’09

PROJECTED DIFFERENCE

State Share of Instruction $6,920,002 $7,448,422 528,420

Access Challenge 785,656 778,666 (6,990)

Jobs Challenge 145,522 142,807 (2,715)

Student Tuition and Fees 8,634,358 9,013,386 379,028

Non-Credit Nursing 14,638 20,330 5,692

Other Revenues 516,000 519,314 3,314

University Center 70,833 36,000 (34,833)

Capital Debt Service 166,000 159,000 (7,000)

Child Development Center 545,507 607,906 62,399

Workforce and Community Development 500,000 388,675 (111,325)

Facilities 50,000 69,000 19,000

Fund Balance 1,127,922 1,398,116 270,194

Total $19,476,438 $20,581,622 1,105,184

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Expenditure by Type

FY 2006-2007 Budget FY 2007-2008 Budget $ Change

Payroll $8,607,549 $9,074,284 $466,735

Benefits 3,228,764 3,556,491 327,727

Printing 106,471 106,871 400

Advertising 165,768 165,768 0

Postage 104,155 109,155 5,000

Shared Campus Expense 1,560,869 1,648,482 87,613

Professional Development 212,005 202,293 (9,712)

Grants and Scholarships 347,000 344,000 (3,000)

Equipment Lease & Rental 194,741 194,741 0

New Equipment 350,699 317,139 (33,560)

Professional Fees 255,026 243,087 (11,939)

Debt Service 53,405 53,405 0

All Other Expenses 1,483,472 1,613,316 129,844

Child Development Center 649,479 753,003 103,524

Corporate 734,177 692,415 (41,762)

Facilities 1,422,858 1,507,172 84,314

Total Budget $19,476,438 $20,581,622 $1,105,184