Transcription
Navarro CollegeBUDGETFiscal Year2007-2008
NAVARRO COLLEGEFISCAL YEAR 2007-2008BUDGETBOARD OF TRUSTEESHomer G. Wasson . ChairmanLloyd D. Huffman. . Vice ChairmanJames G. Price, D.D.S . Secretary-TreasurerJames E. Borkchum . MemberTodd McGraw . MemberZane Stites . MemberListon J. Herod, Jr. . MemberEXECUTIVE OFFICERSRichard M. Sanchez, Ed.D. . District PresidentHarold Nolte, Ed.D . President, Ellis County CampusesKenneth Martin, Ed.D . Vice President for Academic AffairsDarrell. R. Raines, C.P.A. Vice President for Finance and AdministrationG. Erik Zoellner, Ed.D . Vice President for Student ServicesTommy Stringer, Ph.D . Vice President for Institutional AdvancementNavarro College Home Pagehttp://www.navarrocollege.edu
NAVARRO COLLEGE2007-2008 BUDGETThis document outlines Navarro College’s budget for 2007-2008. All departmentswithin the College developed their budget requests consistent with Institutional Goals, ActionPriorities and Strategic Objectives identified for the institution.Navarro College’s institutional goals for the 2007-2008 academic year are:1. Increase student enrollment during the 2007-2008 academic year by at least 7% andpreferably 10% and generate the student contact hours consistent with enrollment projections for the institution. (Enrollment projections dated February 2005.)2. Continue to implement the Faculty-Centered Student Advising Program.3. Continue to sustain and promote a student-oriented campus by extending excellent customer relations to our students and the public.4. Improve the ratio of full-time to part-time faculty in areas with high demand and highinterest, employ other staff as may be needed, and fund new initiatives to meet Collegeenrollment goals.5. Expand facilities within the district and service area to accommodate increased studentenrollment.6. Increase the presence of Navarro College in Ellis County.7. Increase student persistence rate from fall 2007 to fall 2008 by 2%.8. Increase student retention from fall 2007 to spring 2008 by 2%.9. Explore new markets for the College to increase student contact hours during 2008-09base year.10. Develop marketing strategies to attract more students with a Hispanic heritage.11. Increase Hispanic student enrollment by 5%.1
Table I compares this budget with the prior year’s budget. There are increases in allbudgets except for the Plant Fund. The Plant Fund is projecting a decrease due to the expenditure of the remainder of the 2006 and 2007 construction funds during the 2007 fiscal year.TABLE INAVARRO COLLEGEBUDGET COMPARISONORIGINAL2006-2007BUDGETFUNDEducational & GeneralAMENDED2006-2007 BUDGET(February 28, 2007)PROPOSED2007-2008BUDGET 29,808,597 30,084,917 31,936,400Debt 970,00050,000Auxiliary Enterprises7,594,9257,835,6708,208,900Student Financial Aid21,636,15521,621,44622,424,922 65,330,566 68,335,922 64,690,717TOTALSEducational and General Fund RevenuesThe Educational and General Fund is the major fund in the College’s budgetrepresenting 49% of the total revenues and expenditures of the College district. The majorsources of revenues for the Educational and General Fund are displayed in Table II, page 11.Student income from tuition and fees is a significant portion (39%) of the Educationaland General Fund revenue.The proposed budget projects student income to provide 12,595,654 for the budget, an increase of 13.5% over the revenues budgeted in the 20062007 budget. The College is budgeting a 6% increase in student enrollment for 2007-2008.The other factors causing the increase in student income are due to the following increases approved by the Board of Trustees on March 22, 2007. These changes are:2
Increase tuition 1/SCH for all students Increase Out of District Fee 2/SCH Increase Building Use Fee 3/SCH for all studentsSchedule II, page 15 displays Navarro College’s Tuition and Fees schedule for 20072008. Tuition and fee charges and room and board rates were previously approved by the Navarro College Board of Trustees on March 22, 2007. Shown below are the charges for atypical student taking 12 semester credit hours at Navarro College:NavarroCountyResidentTuitionLaboratory Fees (Average)Building Use FeeOut-of-District FeeParking FeeMatriculation FeeTOTALNavarro College 2007-08 Tuition per SCH2006-2007 State Average (last year)Texas ResidentOutside NavarroCountyNon TexasResident 3722420401010 620 372242043241010 944 809242043241010 1,381 52 79 115 54 79 121Navarro College’s current charges per semester credit hour for in-district students are 2.00 per SCH less than last year’s state average. The Texas resident whose legal residence isoutside Navarro County has the same tuition rate as last year’s state average. Navarro College is 6.00 per semester credit hour below last year’s state average for non-Texas residents.The 2006-2007 state average is from data obtained from the website of Texas Association ofCommunity Colleges.Navarro County Central Appraisal District certified the valuation of the College District at 2,218,359,153 up from 1,958,733,600 the previous year, an increase of 13%.3
The increased valuation of 260,000,000 came mainly from re-evaluation of existingproperty in the District. Only 44.8 million of the 260 million increase was a result of newproperty.In order for the Board of Trustees to comply with the Texas Truth-in-Taxation law, thecurrent tax rate of 13.5 needs to be lowered not to exceed the rollback rate of 0.129696. It isrecommended that the Board of Trustees adopt a rate of 12.9 . This rate at 96% collection willyield a tax levy that will produce the budgeted tax revenues of 2,712,000.Table II, page 11, displays state funds revenues. The College earns 21.7% of its totalbudget from state income. The funding the College will receive from the State of Texas willincrease by 582,036 for fiscal 2007-08. Basic state aid increased by 1,537,593 due to thesignificant increase in student contact hours produced. However, this growth in state fundingwas offset by the discontinuance of the Midlothian special appropriation of 1,164,210. Appropriations for insurance and optional retirement increased by a total of 208,653. Theunfortunate news related to the Governor’s veto of the employee health insurance appropriation for all community colleges for fiscal year 2008-09 causes 1,470,933 in unfundedbenefits for that fiscal year.At this time, Federal and State Grants are projected down slightly at this point in thebudget. Additional grants will be added to the budget as grant sources are identified.Other sources of income and sales and services revenue are received from ticket sales,summer camps, orientation, Elderhostel, museum and planetarium admissions, testing, interestincome and other miscellaneous items. Included in this area is a 318,000 appropriation fromthe Educational and General fund balance (reserve funds). This appropriation is to provide forthe annual debt service requirement on the lease-purchase of the Midlothian Campus. This ac-4
tion is consistent with the financial plan for Midlothian reviewed by the Board of Trustees earlier.Educational and General Fund ExpensesThere are several new initiatives that the college was able to fund in the Educationaland General Fund due to the new revenues and cost containment within existing budgets.The following new positions are proposed: 104,950Mexia1.Child Development Lab Coordinator (4 positions)2.English InstructorWaxahachie35,3873.History InstructorWaxahachie56,0964.Administrative Computing Systems AdministratorCorsicana47,0005.Assistant DeanWaxahachie55,000The Child Development Coordinators in Mexia have been added as a result of Navarro College providing staff training at Mexia State School that was previously provided by McLennanCommunity College in Waco.Funds are budgeted for an approximate 3% salary increase for all staff. The following salaryincreases are proposed:FacultyStep Increase 2%Support StaffStep Increase 2%Paraprofessional3%Administration3%5
The nursing faculty will be compensated on a special pay schedule as approved by the President.These new Educational and General Fund expenditures are included in the new budget.********Additional Debt Service requirements for 2007 RevenueBonds. All bond issues are fully funded with the 17 per SCHbuilding use fee collected from all students.Additional Building Use fees to be paid to Corsicana HighSchool and Mexia State School. As enrollment grows at thesesites, the fees for use of their facilities will increase.Additional Physical Plant cost for the operation of additional32,000 square feet of new space on the Waxahachie Campus.This cost includes utilities, housekeeping and other associatedcosts.Equipment Contingency - Since there are no funds budgetedfor equipment other than for grant funds. These funds will beallocated at the discretion of the President, .Honors Program - This new initiative provides scholarshipsand programming for 44 students that will be residing in thenewly renovated IOOF Cottages.Hobson School Relations Software. This software customizesbrochures and e-mails to prospective students and shouldgreatly aid in recruiting endeavors.Northrup Grumman Fast Track Program. This new budget provides support for specialized instruction to teach the specialsoftware development courses that Navarro College will beoffering in conjunction with Northrup Grumman.Health Benefits Contingency Fund. This special account wasestablished to provide for contingency funding for employeehealth insurance benefits for 2008-09. With the governor's vetoof the second year of the biennium, the college administrationmust develop contingency plans as to how 1,470,933 in funding would be recovered. The proposed budget was closelyexamined with salary adjustments being cut from 5% to 3%,two new positions were eliminated and 168,000 of equipmentfunds were eliminated. The set aside of 515,000 for the current year and with a like amount available in 2008-09 willposture the college to absorb the governor's unscrupulous action.*Datatel Release 18. The college will complete the conversionto Datatel Release 18.*Upgrade to Blackboard Version 7. Navarro College currentlyhas Blackboard Version 6. Version 7 has been available for 3years and is necessary to provide Blackboard utilities to facultyand students. Blackboard is requiring this upgrade.6 267,606 105,000 114,200 60,000 50,000 52,750 25,000 515,000 37,900 33,000
*Additional T-1 Line to Midlothian. An additional T-1 Line is necessary to provide increased internet speed to the MidlothianCampus. 14,240The athletic program required additional funds for increased costs of insurance andadditional costs of scholarships. As the board of Trustees agreed, there is an appropriation of 25,000 to the Corsicana ISD for the support of the new Tiger Stadium. This is the second installment of a four-year commitment.Table III dissects the major expense components of the Educational and General FundBudget. A similar presentation is displayed in Schedule I on page 13. As noted in the piegraph, approximately 63% of the Educational and General Fund’s resources are allocated topersonnel costs.Table IIIProposed Educational and General FundExpenditure SummaryBudget quipment1%Maintenance el & Benefits63%7
Debt Service FundThe college will make its fourth principal payment of 590,000 on the 2003 RevenueBonds during fiscal year 2007-08. In addition, the College will direct a second principal payment of 130,000 on the 2006 Revenue Bonds and the first payment of 120,000 on the 2007Revenue Bonds. The Revenue Bonds are funded by a 17 per semester credit hour buildinguse fee assessed to all students.For fiscal year 2008, it is projected that the College will collect 2,738,632 in buildinguse fees with 2,045,495 required to service the principal and interest due on existing revenuebond covenants.Plant FundThe only item budgeted in the Plant Fund for fiscal year 2007-08 is an allocation of 50,000 from the 2007 Revenue Bond proceeds for renovations on the Waxahachie Campus.Once the new classroom building is complete, several modifications and improvements needto occur in the existing building adding more administrative space and expanding the collegestore.Auxiliary Enterprises FundNavarro College manages and operates an extensive Auxiliary Enterprise Program.In addition, the College provides a full range of intercollegiate athletic programs.The Auxiliary Fund revenues are displayed on pages 33-38 in the Budget Detail. TheBoard of Trustees approved a 5% increase in the rates for room and board in March 2007 effective Fall 2007.The cost of Intercollegiate Athletics is projected as follows:8
Athletic ContingencyAthletic ballSoccerVolleyball 808163,150Total 1,762,456Approximately 800,000 in Auxiliary profits is dedicated to covering a portion of thecost of Athletics. An appropriation of an additional 750,000 from the Educational and General Fund was also required to fund Athletics.It is the goal of the administration to operate each Auxiliary Enterprise as a profitablecost center to the College. Audited financial reports from previous fiscal years attest to theprofitability of these operations.Student Financial Aid FundThe Student Financial Aid Fund is composed of several major elements: Scholarships1,533,75011,530,000Student LoansEducational Opportunity Grants9,127,323233,849College Work Study ProgramTOTAL 22,424,922Exceptional growth has occurred in the volume of student loans and Educational OpportunityGrants as our student body increases and better access is provided to these aid programs. Allstudent financial aid is fully automated and may be accessed on the internet. Funds are electronically transferred from the student’s account to the College’s account when the student9
registers for classes, purchases books, pays for living in on-campus housing and in purchasingmeals in dining services. With the exception of scholarship programs, all of these programsare funded by the Federal government. In order to add to the diversity in the housing population, 100,000 of room and board scholarships has been allocated to cheerleading, soccer,band, and drama.SummaryThis budget provides a guide for the delivery of services to our growing student bodyfor the ensuing year. This budget has been conservatively prepared to position the college forthe employee benefits shortfall anticipated for fiscal year 2008-09 and at the same time, provide quality services to our students and adequate recognition to our valued employees.10
TABLE IINAVARRO COLLEGESOURCE OF FUNDSBUDGET 2007 - 2008PERCENT OF BUDGETAMOUNTTOTAL EDUCATIONAL &BUDGET GENERAL FUNDEDUCATIONAL & GENERAL FUNDStudent Income 9.4%100.0%2,070,4953.2%50,0000.1%AUXILIARY ENTERPRISES FUND8,208,90012.7%STUDENT FINANCIAL AID FUND22,424,92234.7%64,690,717100.0%Ad Valorem TaxesState FundsFederal FundsOther Local IncomeTOTALDEBT SERVICE FUNDPLANT FUNDTOTAL INCOME 11
TABLE IIINAVARRO COLLEGEDISBURSEMENT OF FUNDSBUDGET 2007 - 2008PERCENT OF BUDGETAMOUNTTOTALBUDGETEDUCATIONAL &GENERAL FUNDEDUCATIONAL & GENERAL FUNDGeneral Administration 1,262,0852.0%4.0%Student Services1,606,6542.5%5.0%General InstitutionalExpense2,768,5924.3%8.7%Instructional Administration1,540,6942.4%4.8%Staff 7%Career4,288,7136.6%13.4%Organized Activities Related Instruction373,8250.6%1.2%Library & Audiovisuals529,3440.8%1.7%26,5000.0%0.1%Plant Maintenance & 40049.4%100.0%DEBT SERVICE FUNDPLANT FUNDAUXILIARY ENTERPRISES FUNDSTUDENT FINANCIAL AID %34.7%TOTAL DISBURSEMENTS 64,690,717100%Resident Instruction:Community ServicesTOTAL12
SCHEDULE IANNUAL OPERATING BUDGETNAVARRO COLLEGEFISCAL YEAR 2008 - ESTIMATED REVENUESCURRENT FUNDSSTATE FUNDS FEDERAL FUNDS14,011,3021,692,820LOCAL FUNDS (OTHER THAN AUXILIARY ENTERPRISES INCOME)Tuition and FeesTuitionLess: Required Transfers and RefundsSubtotal, Net ratory and Other Fees7,037,910Subtotal, Tuition and Fees10,214,159TaxesTaxes for Current Operations2,712,000Other IncomeSales and Services of Educational DepartmentsGifts, Grants and DonationsMiscellaneous Income93,00072,092759,532Subtotal, Other Income924,624Subtotal, Local Funds13,850,783AUXILIARY ENTERPRISES INCOMEIntercollegiate AthleticsOther Service Enterprises757,7007,451,200Subtotal, Auxiliary Enterprises8,208,900TOTAL CURRENT FUNDS REVENUES 1337,763,805
SCHEDULE I (CONTINUED)ANNUAL OPERATING BUDGETNAVARRO COLLEGEFISCAL YEAR 2008 - BUDGETED EXPENDITURESEDUCATIONAL AND GENERALGENERAL ADMINISTRATION AND STUDENT SERVICESGENERAL INSTITUTIONAL EXPENSESTAFF BENEFITS 2,868,7392,768,5924,152,159RESIDENT INSTRUCTIONGeneral Academic CoursesFaculty SalariesDepartmental Operating ExpensesInstructional AdministrationOrganized 825Vocational-Technical CoursesFaculty SalariesDepartmental Operating ExpensesInstructional AdministrationOrganized RYORGANIZED RESEARCHEXTENSION AND PUBLIC SERVICE529,34426,500PHYSICAL PLANT OPERATION AND MAINTENANCEPhysical Plant General ServicesBuilding MaintenanceCustodial ServicesGrounds 46199,6001,608,656SPECIAL ITEMS - GRANTS AND TRANSFERSMAJOR REPAIRS AND REHABILITATION3,119,666-TOTAL EDUCATIONAL AND GENERAL EXPENDITURES29,554,905AUXILIARY ENTERPRISESINTERCOLLEGIATE ATHLETICSOTHER SERVICE ENTERPRISES1,771,8126,437,088TOTAL AUXILIARY ENTERPRISES EXPENDITURES8,208,900TOTAL CURRENT FUNDS EXPENDITURES14 37,763,805
NAVARRO COLLEGETUITION AND FEE SCHEDULEFall 2007Revised March 22, 2007TUITIONSemesterCredit esident* 93.00 93.00 93.00 124.00 155.00 186.00 217.00 248.00 279.00 310.00 341.00 372.00 403.00 434.00 465.00 496.00 527.00 558.00 589.00 620.00 651.00 682.00 713.00 744.00* 31 per S.C.H.15Non-TexasResident 809.00 809.00 809.00 809.00 809.00 809.00 809.00 809.00 809.00 809.00 809.00 809.00 850.00 877.00 904.00 931.00 958.00 985.00 1,012.00 1,039.00 1,066.00 1,093.00 1,120.00 1,147.00
Schedule II - Continued2007-2008 Tuition and FeesOTHER FEES AND DEPOSITSINDIVIDUAL INSTRUCTION:Music1 Semester Credit Hour. . 50.002 Semester Credit Hours. 90.00Bowling . 65.00BUILDING USE FEE:Per Semester Hour . 17.00LABORATORY FEE:.
varro College Board of Trustees on March 22, 2007. Shown below are the charges for a typical student taking 12 semester credit hours at Navarro College: Navarro College’s current charges per semester credit hour for in-district students are 2.00 per SCH less than last year’s s
