Sections

Weather Forecast

Close

WITC Public Hearing 7/1/09-6/30/10

Thursday, June 4, 2009 - 4:16pm

WISCONSIN INDIANHEAD TECHNICAL COLLEGE Notice of Public Hearing July 1, 2009 - June 30, 2010

A public hearing on the proposed 2009-10 budget for the Wisconsin Indianhead Technical College District will be held on June 15, 2009 at 8:30 a.m. at the WITC's Rice Lake Campus 1900 College Drive, Rice Lake, WI 54868. The detailed budget is available for public inspection at the WITC Administrative Office, Shell Lake, Wisconsin by contacting John Will at (715) 468-2815. PROPERTY TAX AND EXPENDITURE HISTORY Equalized Mill Rates Total Percent Fiscal Year Valuation (1) Operational (3) Debt Serv Mill Rate Inc/(Dec) 2005-06 $ 29,166,952,991 0.86812 0.16356 1.03168 -5.22% 2006-07 $ 32,269,753,312 0.82343 0.15503 0.97846 -5.16% 2007-08 $ 34,103,143,128 0.81540 0.15573 0.97113 -0.75% 2008-09 $ 34,884,947,582 0.83881 0.15612 0.99493 2.45% 2009-10 (2) $34,884,947,582 0.87981 0.16289 1.04270 4.80% Total Percent Property Percent Tax on a Fiscal Year (4) Expenditures Inc./(Dec.) Tax Levy Inc./(Dec.) $100,000 House 2005-06 $ 60,388,565 10.0% $ 30,091,028 4.93% 103.17 2006-07 $ 60,772,495 0.6% $ 31,574,516 4.93% 97.85 2007-08 $ 62,757,232 3.0% $33,118,510 4.89% 97.11 2008-09 $67,641,779 7.8% $34,708,198 4.80% 99.49 2009-10 $73,582,003 8.8% $36,374,292 4.80% 104.27 BUDGET/FUND BALANCE SUMMARY - ALL FUNDS Special Special Revenue Revenue/ Capital Debt General Operational Non-aidable Projects Service Proprietary Fund Fund Fund Fund Fund Fund Total Tax Levy $ 29,910,967 $780,858 $ - $ - $5,682,467 $ - $36,374,292 Other Budgeted Revenues 12,534,290 3,919,142 5,063,500 120,000 25,000 8,927,500 30,589,432

42,445,257 4,700,000 5,063,500 120,000 5,707,467 8,927,500 66,963,724

Budgeted Expenditures 42,445,257 4,700,000 5,063,500 6,877,070 5,568,676 8,927,500 73,582,003

Excess of Revenues

Over Expenditures - - - (6,757,070) 138,791 - (6,618,279)

Operating Transfers - - - - - - -

Proceeds From Debt - - - 5,800,000 - - 5,800,000

Est. Fund Balance 7/1/09 13,195,190 913,864 235,953 1,424,424 4,785,813 2,308,482 22,863,726

Est. Fund Balance 6/30/10 $ 13,195,190 $913,864 $235,953 $467,354 $4,924,604 $2,308,482 $22,045,447

(1) Tid out, computers out.

(2) Equalized valuation is not projected to increase in fiscal year 2010

(3) The operational mill rate may not exceed 1.50000 per S.38.16 of the Wisconsin Statutes.

(4) Fiscal years 2006-2008 represent actual amounts, 2009 is estimated, and 2010 is the proposed budget.

Notice of Public Hearing

Budget Summary - General Fund

Fiscal Year 2008-09

2007-08 2008-09 2008-09 2009-10

REVENUES Actual (1) Budget Estimate (2) Budget

Local Government $ 27,159,131 $28,481,085 $28,709,653 $29,930,967

State Aids 3,071,376 3,110,850 3,083,430 3,060,200

Program Fees 6,914,765 7,537,400 7,500,433 7,838,000

Material Fees 540,417 579,500 596,279 591,090

Other Student Fees 706,638 713,000 765,687 775,000

Institutional 340,719 281,000 234,405 220,000

Federal 21,184 45,000 24,408 30,000

TOTALREVENUE $ 38,754,230 $40,747,835 $40,914,395 $42,445,257

EXPENDITURES

Instruction $ 23,500,624 $25,093,983 $24,703,039 $25,839,402

Instruction Resources 1,081,931 1,188,621 1,035,206 1,157,407

Student Services 4,022,554 4,327,235 4,322,478 4,513,569

General Institutional 7,208,391 7,039,168 7,033,892 7,405,364

Physical Plant 2,789,295 3,098,828 3,077,984 3,529,515

TOTAL EXPENDITURES $ 38,602,795 $40,747,835 $40,172,599 $42,445,257

Net Revenue (Expenditures) $ 151,435 $ - $741,796 $ -

OTHER SOURCES (USES)

Operating Transfer In (Out) - - - -

TOTAL RESOURCES (USES) $ 151,435 $ - $ 741,796 $ -

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations 151,435 - 741,796 -

TOTAL TRANSFERS TO

(FROM) FUND BALANCE $ 151,435 $ - $741,796 $ -

Beginning Fund Balance $12,301,959 $12,452,237 $12,453,394 $13,195,190

Ending Fund Balance $12,453,394 $12,452,237 $13,195,190 $13,195,190

EXPENDITURES BY FUND % Change

General Fund $38,602,795 $40,747,835 $40,172,599 $42,445,247 4.17%

Special Revenue/

Operational Fund 3,896,427 4,485,000 3,757,656 4,700,000 4.79%

Special Revenue/

Non-aidable Fund 4,211,908 4,550,000 4,530,125 5,063,500 11.29%

Capital Projects Fund 3,797,452 6,568,000 5,409,865 6,877,070 4.71%

Debt Service Fund 5,202,585 5,400,000 5,373,594 5,568,676 3.12%

Enterprise Fund 2,328,478 2,650,000 2,628,195 2,860,000 7.92%

Internal Service Fund 4,717,587 5,800,000 5,769,745 6,067,500 4.61%

TOTAL EXPENDITURES

BYFUND $ 62,757,232 70,200,835 67,641,779 73,582,003 4.82%

REVENUES BY FUND

General Fund $ 38,754,230 40,747,835 40,914,395 42,445,257 4.17%

Special Revenue/

Operational Fund 3,922,918 4,485,000 3,757,656 4,700,000 4.79%

Special Revenue/

Non-aidable Fund 4,242,244 4,550,000 4,530,125 5,063,500 11.29%

Capital Projects Fund 187,095 200,000 167,788 120,000 -40.00%

Debt Service Fund 5,342,027 5,471,355 5,467,668 5,707,467 4.32%

Enterprise Fund 2,315,089 2,650,000 2,628,195 2,860,000 7.92%

Internal Service Fund 5,359,142 5,800,000 5,769,745 6 ,067,500 4.61%

TOTAL REVENUE BY FUND $60,122,745 $63,904,190 63,235,572 66,963,724 4.79%

(1) Actual is presented on a budgetary basis.

(2) Estimate is based upon nine months of actual and three months of estimate.

45L WNAXLP


randomness