CVTC THE RIGHT CHOICE

2019-2020

BUDGET

CVTC does not discriminate on the basis of race color national origin sex disability or age in employment admissions programsor activities General inquiries regarding the Collegersquos non-discrimination policies may be directed to Director of Human Resources Chippewa Valley Technical College bull 620 W Clairemont Ave Eau Claire WI 54701 bull 715-852-1377 bull WI Relay 711 bull 52018

CHIPPEWA VALLEY TECHNICAL COLLEGE BOARD OF TRUSTEES

Chippewa Valley Technical College has an appointed board consisting of nine members

who serve three-year staggered terms Each year three members are appointed by a

committee consisting of the county board chairpersons of the counties belonging to the Chippewa Valley Technical College District District boards are composed of two

employers two employees three additional member one school district administrator

and one elected official who holds a state or local office

2018-19

Ramona Mathews Chairperson Eau Claire Paul Schley Vice Chairperson Cornell

Ron Walsh Secretary Eau Claire Russell Ratsch Treasurer Neillsville

Colleen Bates Eau Claire Paul Bauer Ellsworth

Dawn Garcia Eau Claire Mike Noreen River Falls

Justin Zoromski Eau Claire

2019-20

Colleen Bates Eau Claire Paul Bauer Ellsworth

Tim Benedict Eau Claire Dawn Garcia Eau Claire

Ramona Mathews Eau Claire Mike Noreen Eau Claire Russell Ratsch Neillsville

Paul Schley Chippewa Falls Justin Zoromski Eau Claire

Administrators

Bruce A Barker President Julie A Furst-Bowe Vice President

Margo A Keys Vice President Thomas J Lange Vice President

Kirk L Moist Vice President

~ Chippewa Valley

~Technical College

________________________________________________________________________________

________________________________________________________________________________

2019-2020 BUDGET

Chippewa Valley Technical College

District Board

Adopted June 27 2019

Official Issuing Report

Kirk L Moist Vice President FinanceFacilities

Report Prepared by

Tracy M Drier Budget amp Purchasing Manager

620 W Clairemont Avenue Eau Claire WI 54701-6162

CHIPPEWA VALLEY TECHNICAL COLLEGE BOARD OF TRUSTEES

Chippewa Valley Technical College has an appointed board consisting of nine members

who serve three-year staggered terms Each year three members are appointed by a

committee consisting of the county board chairpersons of the counties belonging to the Chippewa Valley Technical College District District boards are composed of two

employers two employees three additional member one school district administrator

and one elected official who holds a state or local office

2018-19

Ramona Mathews Chairperson Eau Claire Paul Schley Vice Chairperson Cornell

Ron Walsh Secretary Eau Claire Russell Ratsch Treasurer Neillsville

Colleen Bates Eau Claire Paul Bauer Ellsworth

Dawn Garcia Eau Claire Mike Noreen River Falls

Justin Zoromski Eau Claire

2019-20

Colleen Bates Eau Claire Paul Bauer Ellsworth

Tim Benedict Eau Claire Dawn Garcia Eau Claire

Ramona Mathews Eau Claire Mike Noreen Eau Claire Russell Ratsch Neillsville

Paul Schley Chippewa Falls Justin Zoromski Eau Claire

Administrators

Bruce A Barker President Julie A Furst-Bowe Vice President

Margo A Keys Vice President Thomas J Lange Vice President

Kirk L Moist Vice President

~ Chippewa Valley

~Technical College

________________________________________________________________________________

________________________________________________________________________________

2019-2020 BUDGET

Chippewa Valley Technical College

District Board

Adopted June 27 2019

Official Issuing Report

Kirk L Moist Vice President FinanceFacilities

Report Prepared by

Tracy M Drier Budget amp Purchasing Manager

620 W Clairemont Avenue Eau Claire WI 54701-6162

~ Chippewa Valley

~Technical College

________________________________________________________________________________

________________________________________________________________________________

2019-2020 BUDGET

Chippewa Valley Technical College

District Board

Adopted June 27 2019

Official Issuing Report

Kirk L Moist Vice President FinanceFacilities

Report Prepared by

Tracy M Drier Budget amp Purchasing Manager

620 W Clairemont Avenue Eau Claire WI 54701-6162

ndash

ndash

TABLE OF CONTENTS

SECTION I BUDGET amp PLANNING

Letter to Citizens of Western Wisconsin 1

The 2019-20 Strategic Plan2

Higher Learning Commission Accreditation 6

Budget Process7

Budget Planning Assumptions 8

Position Summary ndash FTE Basis9

SECTION II FINANCIAL DATA

Classification Descriptions 10

Notice of Public Hearing13

Budget Summary14

Budgetary Statement of Resources Uses and Changes in Fund Balance

General Fund 15

Special Revenue Fund-Operational 16

Special Revenue Fund-Nonaidable17

Capital Projects Fund 18

Debt Service Fund19

Enterprise Fund20

Internal Service Fund 21

ndash

TABLE OF CONTENTS

Budgeted Expenditures by Object Level 22

Combined Budget Summary 23

Proforma Balance Sheet 24

Capital Project Listing25

Schedule of Long-Term Obligations and Combined Totals 26

Debt Limit 32

SECTION III SUPPLEMENTAL DATA

Tax Levy Equalized Valuation and Mill Rates 33

Budget Summary Resources 34

Budget Summary 2019-20 Expenditures by Fund35

Budget Summary 2019-20 Expenditures by Function 36

Total 2017-18 Actual Costs per FTE by District 37

Full-Time Enrollment Statistics FTErsquos38

Full-Time Enrollment Statistics Headcount39

Credit Program Offerings 40

Campus Locations41

District Map 43

Tax Levy Distribution by Municipality 44

BUDGET amp PLANNING

~ Chippewa Valley

C l~lTechnical

o ege

I i mpus s

Ii m w st G y

X

Ii m Ii WI

WWW vt

rm m r

Institution

si r

June 3 2019

Eau C a re Ca e

C a re ont

e atewa

620 W C a re ont Ave Eau C a re 54701-6162 715-833-6200 Fa 715-833-6470

c c edu

Hello West Central Wisconsin

Your Chippewa Valley Technical College is dedicated to strengthening our local communities by providing educational opportunities to everyone Our open access and focus on applied education ensures that todayrsquos students will be successful members of tomorrowrsquos workforce

Our programs the curriculum equipment and learning labs are all specifically designed to provide our students with the job skills needed for successful careers right here in our district Every program is reviewed by community advisory committees comprised of local business and industry experts Our faculty members all have had real life field experience in the areas they are teaching

CVTC also works closely with our local K-12 school districts and many universities and colleges to provide seamless educational opportunities We realize that many students can begin their college education while still in high school and that many of our students will continue on to four year degrees Therefore articulation and credit transfer pathways are extremely cost and time effective

Our innovative partnership between public education and private business results in meaningful employment for our students a high quality workforce for employers continued economic development and a better quality of living for all of us We greatly appreciate the opportunity to serve our communities Thank you for your support

Sincerely

Ramona J Mathews Chair Board of Trustees

Bruce A Barker President

An affi ative action e ploye and educationa

Bruce A Barke Pre dent

1

ndash

TABLE OF CONTENTS

Budgeted Expenditures by Object Level 22

Combined Budget Summary 23

Proforma Balance Sheet 24

Capital Project Listing25

Schedule of Long-Term Obligations and Combined Totals 26

Debt Limit 32

SECTION III SUPPLEMENTAL DATA

Tax Levy Equalized Valuation and Mill Rates 33

Budget Summary Resources 34

Budget Summary 2019-20 Expenditures by Fund35

Budget Summary 2019-20 Expenditures by Function 36

Total 2017-18 Actual Costs per FTE by District 37

Full-Time Enrollment Statistics FTErsquos38

Full-Time Enrollment Statistics Headcount39

Credit Program Offerings 40

Campus Locations41

District Map 43

Tax Levy Distribution by Municipality 44

BUDGET amp PLANNING

~ Chippewa Valley

C l~lTechnical

o ege

I i mpus s

Ii m w st G y

X

Ii m Ii WI

WWW vt

rm m r

Institution

si r

June 3 2019

Eau C a re Ca e

C a re ont

e atewa

620 W C a re ont Ave Eau C a re 54701-6162 715-833-6200 Fa 715-833-6470

c c edu

Hello West Central Wisconsin

Your Chippewa Valley Technical College is dedicated to strengthening our local communities by providing educational opportunities to everyone Our open access and focus on applied education ensures that todayrsquos students will be successful members of tomorrowrsquos workforce

Our programs the curriculum equipment and learning labs are all specifically designed to provide our students with the job skills needed for successful careers right here in our district Every program is reviewed by community advisory committees comprised of local business and industry experts Our faculty members all have had real life field experience in the areas they are teaching

CVTC also works closely with our local K-12 school districts and many universities and colleges to provide seamless educational opportunities We realize that many students can begin their college education while still in high school and that many of our students will continue on to four year degrees Therefore articulation and credit transfer pathways are extremely cost and time effective

Our innovative partnership between public education and private business results in meaningful employment for our students a high quality workforce for employers continued economic development and a better quality of living for all of us We greatly appreciate the opportunity to serve our communities Thank you for your support

Sincerely

Ramona J Mathews Chair Board of Trustees

Bruce A Barker President

An affi ative action e ploye and educationa

Bruce A Barke Pre dent

1

BUDGET amp PLANNING

~ Chippewa Valley

C l~lTechnical

o ege

I i mpus s

Ii m w st G y

X

Ii m Ii WI

WWW vt

rm m r

Institution

si r

June 3 2019

Eau C a re Ca e

C a re ont

e atewa

620 W C a re ont Ave Eau C a re 54701-6162 715-833-6200 Fa 715-833-6470

c c edu

Hello West Central Wisconsin

Your Chippewa Valley Technical College is dedicated to strengthening our local communities by providing educational opportunities to everyone Our open access and focus on applied education ensures that todayrsquos students will be successful members of tomorrowrsquos workforce

Our programs the curriculum equipment and learning labs are all specifically designed to provide our students with the job skills needed for successful careers right here in our district Every program is reviewed by community advisory committees comprised of local business and industry experts Our faculty members all have had real life field experience in the areas they are teaching

CVTC also works closely with our local K-12 school districts and many universities and colleges to provide seamless educational opportunities We realize that many students can begin their college education while still in high school and that many of our students will continue on to four year degrees Therefore articulation and credit transfer pathways are extremely cost and time effective

Our innovative partnership between public education and private business results in meaningful employment for our students a high quality workforce for employers continued economic development and a better quality of living for all of us We greatly appreciate the opportunity to serve our communities Thank you for your support

Sincerely

Ramona J Mathews Chair Board of Trustees

Bruce A Barker President

An affi ative action e ploye and educationa

Bruce A Barke Pre dent

1

~ Chippewa Valley

C l~lTechnical

o ege

I i mpus s

Ii m w st G y

X

Ii m Ii WI

WWW vt

rm m r

Institution

si r

June 3 2019

Eau C a re Ca e

C a re ont

e atewa

620 W C a re ont Ave Eau C a re 54701-6162 715-833-6200 Fa 715-833-6470

c c edu

Hello West Central Wisconsin

Your Chippewa Valley Technical College is dedicated to strengthening our local communities by providing educational opportunities to everyone Our open access and focus on applied education ensures that todayrsquos students will be successful members of tomorrowrsquos workforce

Our programs the curriculum equipment and learning labs are all specifically designed to provide our students with the job skills needed for successful careers right here in our district Every program is reviewed by community advisory committees comprised of local business and industry experts Our faculty members all have had real life field experience in the areas they are teaching

CVTC also works closely with our local K-12 school districts and many universities and colleges to provide seamless educational opportunities We realize that many students can begin their college education while still in high school and that many of our students will continue on to four year degrees Therefore articulation and credit transfer pathways are extremely cost and time effective

Our innovative partnership between public education and private business results in meaningful employment for our students a high quality workforce for employers continued economic development and a better quality of living for all of us We greatly appreciate the opportunity to serve our communities Thank you for your support

Sincerely

Ramona J Mathews Chair Board of Trustees

Bruce A Barker President

An affi ative action e ploye and educationa

Bruce A Barke Pre dent

1

I

-I

-

_

CVTC STRATEGIC PLAN Fiscal Years 2020-22

Board End Statements 1 CVTC will meet the dynamic and diverse employment and training needs of the region

2 CVTC will meet changing student educational needs

3 CVTC will enhance seamless transition for all students between educational systems in Wisconsin

4 CVTC will support the economic development of West Central Wisconsin

5 CVTC will be fiscally and organizationally healthy

Mission CVTC delivers innovative and applied education that supports the workforce needs of the region improves the lives of students and adds value to our communities

Vision CVTC will be a dynamic partner for students employers and communities to learn train and succeed

Strategic Goals

1 Quality Ensure continuous quality improvement in all college programs and services

2 Student Success Improve student success through innovative student centered strategies

and quality instruction

3 Community amp Stakeholder Alignment Align programs and courses with community and

stakeholder needs

4 Cohesive Culture Develop a culture that enhances efficiency effectiveness and professional

growth for employees

5 College Resources Build financial strength through effective resource stewardship

2

Annual Action Plan (Fiscal Year 2020)

Goal 1 Quality Ensure continuous quality improvement in all college programs and services

Outcomes and Strategies

11 Expand continuous quality improvement in academic and non-academic departments and services

A Investigate and begin self-studies for individual program accreditationscertifications to demonstrate quality programming

B Complete HLC Assurance Review (Year 4 Review)

12 Expand technical skills attainment and assessment of student learning to all academic

programs

A Move all TSA Phase 2-eligible programs into assessment reporting

B Implement HESI assessments for students in Radiography Dental Hygiene and DMS

Goal 2 Student Success Improve student success through innovative student centered strategies and quality instruction

Outcomes and Strategies

21 Increase student persistence to degree completion A Blend program improvement planning student assessment and student success

initiatives into one sustainable process B Expand and review CVTC use of open and affordable educational resources

(OERAER) and assess resources for scalability C Increase course success rates to 80 (focus on courses with lowest success

rates) D Explore options for sustainability of mental health services to address gaps

22 Increase number of credits student obtain through prior learning assessment

23 Increase Associate degree program transfer rates

24 Assist basic skills students to transition into occupational programs A Develop and implement bridge programs

Goal 3 Community amp Stakeholder Alignment Align programs and courses with community and stakeholder needs

Outcomes and Strategies

31 Increase college enrollments and FTEs A Expand Apprenticeship programs and enrollments

3

B Align educational training with workforce needs through implementation modification or suspension of programs

C Expand programming at River Falls campus based on supportive data

32 Expand career pathways with embedded certificates and stackable credentials that align with high demand jobs

33 Increase Business and Industry credit offerings A Explore new credit and non-credit offerings in BampI

34 Increase dual enrollment options for high school students A Expand high school academies and transcripted credit opportunities B Expand manufacturing education for high schools

Goal 4 Cohesive Culture Develop a culture that enhances efficiency effectiveness and professional growth for employees

Outcomes and Strategies

41 Promote employee leadership development A Implement reorganization of senior leadership and impacted divisions B Advance succession planning

42 Support college diversity through recruitment and programming A Expand study abroad programming

43 Promote a climate of inclusion and satisfaction for faculty and staff A Continue to develop River Falls as a comprehensive branch campus

Goal 5 College Resources Build financial strength through effective resource stewardship

Outcomes and Strategies

51 Maintain updated equipment and facilities to foster authentic learning environments with cutting edge technology

A Determine viability of student housing project B Complete integrated Business Student Engagement Center C Remodel IT Networking lab and classroom to facilitate advanced data center

programming D Develop Fab Lab using NSF ATE grant funding E Update master facilities plan to align with college priorities

52 Maintain efficient and effective information systems to support college goals A Complete full implementation of Canvas LMS B Optimize and integrate systems to improve customer experience staff efficiency

and productivity across divisions

53 Increase alternative revenue A Increase unrestricted giving to the college

4

Strategic Goals 2020-2022

Goal 1 Goal 2 Goal 3 Goal 4 Goal 5

Quality Student Success Community amp Cohesive Culture College Ensure continuous quality Improve student success Stakeholder Develop a culture that Resources improvement in all college through innovative Alignment enhances efficiency Build financial

programs and services student centered strategies and quality

Align programs and courses with community

effectiveness and professional growth for

strength through effective resource

HLC Criterion 4 A Practice of regular program review

instruction and stakeholder needs employees stewardship

HLC Criterion 5 D Systematically improve performance of operations HLC Criterion 4 B Ongoing

HLC Criterion 3 D Support for student learning amp effective teaching HLC Criterion 4 C

HLC Criterion 1 D Responds to constituencies amp communities of interest

HLC Criterion 1 C Role in multicultural society amp human diversity HLC Criterion 2 Integrity

HLC Criterion 5 Resources Planning and Institutional Effectivenss

assessment of student Commitment to educational Ethical and Responsible learning improvement Conduct

Outcomes Outcomes Outcomes Outcomes Outcomes

11 Expand continuous 21 Increase student 31 Increase college 41 Promote employee 51 Maintain updated quality improvement in persistence to degree enrollments and FTEs leadership development equipment and facilities academic and non-academic completion (HLC 3) (OBD8) to foster authentic departments and services

42 Support college diversity learning environments

(HLC 4) (HLC 5) 22 Increase number of credits students obtain

32 Expand career pathways with embedded and

through recruitment and programming

with cutting edge technology

12 Expand technical skills through prior learning stackable credentials that (HLC 1) (OBF 9)

attainment and assessment assessment (OBF10) align with high demand jobs 52 Maintain efficient

of student learning to all academic programs (OBF3) (HLC 4)

23 Increase Associate degree program transfer rates (HLC 4C)

(OBF2)

33 Increase Business and Industry credit offerings

43 Promote a climate of inclusion and satisfaction for faculty and staff (HLC 2)

and effective information systems to support college goals

24 Assist basic skills

students in transition into

occupational programs

(OBF45)

(OBF7)

34 Increase dual enrollment options for high school students OBD10)

53 Increase alternative revenue

Key Results

11 Programs participating in the program improvement reporting process (HLC 4)

11 Non-academic departments participating in department improvement reporting process (HLC 5)

12 Number of academic programs reporting assessment data (HLC 4) (OBF 3)

Key Results

21 Course success by delivery method (HLC 3)

21 Graduation rates (HLC 4C)

22Credits awarded for prior learning (OBF 10)

23 Transfer rates of Associate Degree students

24 Developmental education transition into programs (OBF 4 5)

Key Results

31 Job related placement (HLC 1)

31 College FTEs (OBF 8)

32 Career Pathways (OBF 2 3)

33 Business amp Industry credits and FTEs (OBF 7)

34 High school dual enrollments (OBF 6)

Key Results

41 Staff participation in leadership development programs

42 Student and staff diversity (HLC 1) (OBF 9)

42 PACE survey results (HLC 2)

43 Employee turnover

Key Results

51 Depreciation Ratio

51 Operational Reserves

52 IT Satisfaction Survey results

53 Grant Revenue

5-30-2019

5

Higher Learning Commission Accreditation

The Higher Learning Commission is one of six regional accrediting bodies recognized by the US Department of Education and maintaining regional accreditation is necessary for Chippewa Valley students to be eligible for federal financial aid In October 2015 Chippewa Valley Technical College underwent a Comprehensive Quality Review in which a team of peer reviewers visited the college to validate information the college provided in comprehensive accreditation reports by reviewing supporting documents and talking to students staff and community members

Based on the visiting teamrsquos recommendation Chippewa Valleyrsquos accreditation has been reaffirmed through 2025-26 The college received many commendations from the team as well as suggestions for improvement Following the Comprehensive Quality Review Chippewa Valley began the process of addressing Higher Learning Commission feedback as part of its continuous quality improvement efforts

In May 2016 Chippewa Valley was accepted into the Higher Learning Commissionrsquos Persistence and Completion Academy The Academy is a four-year initiative to build institutional capacity for the improvement of student persistence and completion The Academy offers a guided program to advise institutions on defining tracking and analyzing data on student success establishing clear goals and strategies for student population groups and implementing those goals A team of Chippewa Valley staff and faculty participate in the Academy to learn new techniques for researching and comparing emerging methods of evaluation and improvement as well as how to collect and analyze data to identify patterns that lead to data-informed decisions

In July 2020 the college will prepare and submit its regular four-year Assurance Review The Assurance Review is a comprehensive review wherein the institution provides evidence that it continues to meet the Criteria for Accreditation A team of peer reviewers will evaluate Chippewa Valleyrsquos Assurance Filing (comprised of an Assurance Argument and Evidence File) and make a recommendation to the HLC for continued accreditation The Assurance Review process does not include a site visit

6

BUDGET PROCESS Fiscal Year 2019-20

The Chippewa Valley Technical College budget is adopted for the year beginning July 1st ending June 30th The budget allocates financial resources for ongoing programs courses and services as well as for strategic initiatives Budgeting is done in accordance with Chapter 65 of Wisconsin Statutes Wisconsin Technical College System administrative rules and submitted to the System Office by July 1 Expenditures much be accommodated within the authorized tax levy and other funding resources

The CVTC budget is created to support the 11 county geographic district in west central Wisconsin This district includes 204 municipalities 34 public schools and an estimated population of 315416 To service the districtrsquos 5500 square miles CVTC operates campuses in four cities and provides offerings at approximately 33 locations

The budgeting process is an integral step in implementing the Collegersquos strategic initiatives Each department develops a budget based on the instructional and operational goals for the year Budgets are reviewed by the Budget Manager and consolidated for further review by the Finance Director Vice Presidents and President for alignment with the strategic initiatives and overall goals of the College

During the months of February through May the Presidentrsquos Cabinet and College Board of Trustees review and assess various elements of the budget including historical trends current projections and major budget assumptions At its May meeting the Board authorizes the publishing of a legal notice to hold a public hearing prior to adoption of the consolidated budget

The Board of Trustees completed their review of the budget in May of 2019 and the public hearing on the proposed budget was held on June 27 2019 Final adoption of the budget occurred at the regular District Board Meeting on June 27 2019

The tax rates shown in this document are actual rates from October 1 2018 On or near October 1 2019 the Wisconsin Department of Revenue will provide new actual valuations at which time the Board will set its final mill rate

7

Budget Planning Assumptions

Financial projections are developed initially during the budget planning process and continue to be updated through budget development

Property Values Property values are expected to increase 4 from the level in 2018-19

Full-Time Equivalent Students (FTE) FTEs for 2019-20 are expected to be 4510 which is an increase of 222 above the projected 2018-19 estimate

Health Insurance The health insurance premium is expected to remain flat due to a stable claims experience

General State Aids Revenues from general state aids are expected to increase due to the Joint Finance Committee increasing General Aid in the forthcoming budget

State Grants WTCS State incentive grant revenues are expected to increase from 2018-19 due to increased awards

Student Fees Tuition rates will increase 171 over 2018-19

Institutional Revenue Institutional revenue is expected to increase due to an increase in contract revenue and High School Academies

Federal Grants Federal revenue is expected to increase due to the new multi-year Department of Education grant and an additional NSF grant

Fund Balance Based on the 2019-20 budget projections the General Fund balance will remain within the guidelines established by the CVTC Board

8

CHIPPEWA VALLEY TECHNICAL COLLEGE Position Summary - FTE Basis

Special

Actual Y-T-D Budget General Revenue Proprietary Fiduciary Total

Category 2017-18 2018-19 2019-20 Fund Fund Fund Fund 2019-20

Administrators

Supervisors 5500 5100 5000 4695 118 187 000 5000

Teachers 22900 22200 22700 20913 1787 22700

Specialists 000 000 000 000 000 000

Other Staff 21800 22100 21200 16174 3073 1953 000 21200

Total 50200 49400 48900 41782 4978 2140 000 48900

This schedule does not include the adjunct instructors for noncredit courses temporary staff students or the

limited-term project employees

9

FINANCIAL DATA

REVENUES

The following sources are used to classify the districtrsquos revenue

Local Government Revenue of the district that is derived from taxes levied on the

equalized property value within a district

State Aids Funds made available by the legislature for distribution to the district based

on a statutory formula of distribution and on competitive categorical appropriations

Program Fees Fees paid by students and set by the Wisconsin Technical College

System Board for tuition

Material Fees Fees paid by the students to cover the cost of instructional materials

used by the student or instructor in the classroom

Other Student Fees Fees paid by students to cover the cost of graduation transcripts

applications student activities registration testing and student projects

Institutional Revenue Revenue of the district that is derived from interest income

contracted services sales and rental income

Federal Revenue Revenue provided by the federal government often of a cost-

reimbursement nature Expenditures made with this revenue are identifiable as

federally supported expenditures

10

EXPENDITURES

The following functions are used to classify the districtrsquos expenditures

Instruction This function includes teaching academic administration (including clerical

support) and other activities related directly to the teaching of students guiding

students in the educational program and the coordination and improvement of teaching

Instructional Resources This function includes all learning resource activities such as

the library audiovisual learning resources center instructional media center

instructional resources administration and clerical support

Student Services This function includes those non-instructional services provided for

the student body such as student recruitment student services administration and

clerical support admissions registration counseling (including testing and evaluation)

financial aids placement and follow-up

General Institutional This function includes all services benefiting the entire district

exclusive of those chargeable directly to other functional categories The district board

presidentrsquos office business office data processing human resources public

communications and general supporting administrative offices are included in this

function

Physical Plant This function includes all services required for the operation and

maintenance of the districtrsquos physical facilities Principal and interest on long-term

obligations are included under this function as are the general utilitiesmdashheat light and

power

Auxiliary Services This function includes commercial type activities Examples include

bookstore duplicating auto parts dental clinic and parking

11

FUND EQUITY

The following reserves and designations are used to classify the districtrsquos fund equity

Retained Earnings Represents that portion of the fund equity which has been

accumulated from the operation of the Enterprise or Internal Service Funds

Reserve for Student Organizations Fund balance held in trust for student

organizations

Reserve for Student Financial Assistance Fund balance held in trust for student

financial assistance

Reserve for Capital Projects Segregation of a portion of the fund balance which is

exclusively and specifically for the acquisition and improvement of sites and for the

acquisition construction equipping and renovation of buildings

Reserve for Debt Service Segregation of the fund equity for Debt Service Fund

resources legally restricted to the payment of general long-term debt principal and

interest

Designated for Operations Portion of the unreserved fund balance which is designated

to be used to provide for normal fluctuations in operating cash balances

Designated for Subsequent Years Portion of the unreserved fund balance which is

designated to fund operations subsequent to the forthcoming budget year

12

CHIPPEWA VALLEY TECHNICAL COLLEGE Notice of Public Hearing

July 1 2019 - June 30 2020

A public hearing on the proposed fiscal year 2019-2020 budget for the Chippewa Valley Technical

College will be held on June 27 2019 at 530 pm in the

RCU Community Center (100A) 620 West Clairemont Avenue Eau Claire WI

The detailed budget is available for public inspection at the Administrative Office (100)

620 West Clairemont Avenue Eau Claire WI Monday through Friday between the hours of 8 am and 4 pm

PROPERTY TAX AND EXPENDITURE HISTORY

Fiscal Equalized Mill Rates Total Percent

Year Valuation Operations(2) Debt Service Mill Rate Inc(Dec)

2015-16 21767542539 057396 031239 088635 (124)

2016-17 22604603466 057695 030082 087777 (097)

2017-18 23603071573 057510 028810 08632 (166)

2018-19 24723807042 057142 027504 084646 (194)

2019-20 (1) 25712759324 057163 026446 083609 (123)

Tax on a

Fiscal Total Percent Property Percent $100000

Year(2) Expenditures Inc(Dec) Tax Levy Inc(Dec) House

2015-16 91154700 (597) $19293590 271 $8864

2016-17 91858240 077 $19841626 284 $8778

2017-18 92682472 090 $20374010 268 $8632

2018-19 90020942 (287) $20927687 272 $8465

2019-20 91364637 149 $21498196 273 $8361

BUDGETFUND BALANCE SUMMARY-ALL FUNDS

Special Special

Revenue Revenue Capital Debt

Fund - Fund - Projects Service Proprietary

General Fund Operational Nonaidable Fund Fund Fund Total

Tax Levy $13548196 $1100000 $50000 $0 $6800000 $0 $21498196

Other Budgeted Revenues $42172728 $6072064 $8324117 $1343641 $91523 $5091938 $63096011

Subtotal $55720924 $7172064 $8374117 $1343641 $6891523 $5091938 $84594207

Budgeted expenditures $55570924 $7103832 $8372779 $8483641 $6891523 $4941938 $91364637

Excess of Revenues

over Expenditures $150000 $68232 $1338 ($7140000) $0 $150000 ($6770430)

Residual Equity Transfers $0 $0 $0 $0 $0 $0 $0

Operating Transfers $150000 $0 $0 $0 $0 ($150000) $0

Proceeds from Debt $0 $0 $0 $5340000 $0 $0 $5340000

Est Fund Balance 70119 $11751022 $13707 $586893 $2294112 $698876 $591584 $15936195

Est Fund Balance 63020 $12051022 $81939 $588231 $494112 $698876 $591584 $14505765

(1) Equalized Valuation is projected to increase 4 in fiscal year 2020

(2) Fiscal years 2016 - 2018 represent actual amounts 2019 is projected and 2020 is the proposed budget

13

CHIPPEWA VALLEY TECHNICAL COLLEGE

Notice of Public Hearing

Budget Summary-General Fund

Fiscal Year 2019-20

2017-18

Actual(3)

2018-19

Budget

2018-19

Estimated(4)

2019-20

Budget

REVENUES

Local Government

State Aids

Program Fees

Material Fees

Other Student Fees

Institutional

Federal

Total Revenues

12494617

23739291

13960524

806183

810729

688257

26305

52525906

12950299

23572299

14592469

810000

868000

831300

25000

53649367

12977687

23888599

13843474

810000

1000930

854345

25000

53400035

13548196

24516532

14111000

810000

1000000

1710196

25000

55720924

EXPENDITURES

Instruction

Instructional Resources

Student Services

General Institutional

Physical Plant

Total Expenditures

Net Revenue (Expenditures)

33234478

710414

3914411

11525057

4416944

53801304

(1275398)

34241590

745496

3966049

11559155

4726168

55238458

(1589091)

34238420

701460

3960218

11534194

4711677

55145968

(1745933)

35493393

721556

4041103

10559765

4755107

55570924

150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

0

(1275398)

540224

0

(1048867)

540224

0

(1205709)

0

150000

300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations

Designated for

Subsequent Years

Total Transfers To (From)

Fund Balance

Beginning Fund Balance

Ending Fund Balance

EXPENDITURES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Expenditures by Fund

0

(1275398)

(1275398)

14232129

12956731

53801304

11107458

9177185

10734560

6905092

3388856

1062274

96176729

0

(1048867)

(1048867)

12956731

11907864

55238458

6408288

9405969

8704215

6880746

3567020

1120000

91324696

0

(1205709)

(1205709)

12956731

11751022

55145968

5706000

9159434

8688000

6831540

3450000

1040000

90020942

0

300000

300000

11751022

12051022

55570924

7103832

8372779

8483641

6891523

3831938

1110000

91364637

Change (5)

in Budget

060

1085

-1098

-253

016

743

-089

004

REVENUES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Revenues by Fund

52525906

11037229

9214918

1608261

7013073

3277033

1095402

85771822

53649367

6439486

9623589

312215

6880746

3578528

1120000

81603931

53400035

5658503

8989226

1220692

6850000

3329380

1047959

80495795

55720924

7172064

8374117

1343641

6891523

3981938

1110000

84594207

386

1138

-1298

33036

016

1127

-089

366

(3) Actual is presented on a budgetary basis

(4) Estimate is based upon 10 months of actual and 2 months of estimate

(5) (2019-20 budget - 2018-19 budget) 2018-19 budget

14

GENERAL FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 12494617 12950299 12977687 13548196

State - Property Tax Relief Aid 18322299 18322299 18322299 18322299

State Aids 5416992 5250000 5566300 6194233

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 810729 868000 1000930 1000000

Institutional 688257 831300 854345 1710196

Federal 26305 25000 25000 25000

Total Revenues 52525906 53649367 53400035 55720924

EXPENDITURES

Instruction 33234478 34241590 34238420 35493393

Instructional Resources 710414 745496 701460 721556

Student Services 3914411 3966049 3960218 4041103

General Institutional 11525057 11559155 11534194 10559765

Physical Plant 4416944 4726168 4711677 4755107

Total Expenditures 53801304 55238458 55145968 55570924

Net Revenue (Expenditures) (1275398) (1589091) (1745933) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 540224 540224 0

Operating Transfer In (Out) 0 0 0 150000

Total Resources (Uses) (1275398) (1048867) (1205709) 300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1275398) (1048867) (1205709) 300000

Total Transfers To (From) Fund Balance (1275398) (1048867) (1205709) 300000

Beginning Fund Balance 14232129 12956731 12956731 11751022

Ending Fund Balance 12956731 11907864 11751022 12051022

Fund Balance of Expenditures 241 216 213 217

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

The General Fund is used to account for all financial activities except those required to be accounted for in

another fund

15

SPECIAL REVENUE FUND-OPERATIONAL

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 1100000 1100000 1100000 1100000

State Aids 2326397 1627983 1427000 2111692

Other Student Fees 148170 220000 100000 844820

Institutional 964305 1060000 600000 0

Federal 6498357 2431503 2431503 3115552

Total Revenues 11037229 6439486 5658503 7172064

EXPENDITURES

Instruction 9390220 4636445 4000000 4700162

Instructional Resources 720 13280 13000 42210

Student Services 1315200 1363314 1300000 2008462

General Institutional 341662 329660 328000 274036

Physical Plant 59656 65589 65000 78962

Auxiliary Services 0 0 0 0

Total Expenditures 11107458 6408288 5706000 7103832

Net Revenue (Expenditures) (70229) 31198 (47497) 68232

OTHER SOURCES (USES)

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) (70229) 31198 (47497) 68232

TRANSFERS TO (FROM) FUND BALANCE

Designated for Operations (70229) 31198 (47497) 68232

Total Transfers To (From) Fund Balance (70229) 31198 (47497) 68232

Beginning Fund Balance 131433 61204 61204 13707

Ending Fund Balance 61204 92402 13707 81939

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Operational are used to account for the proceeds and related financial activity of

specific revenue sources that are legally restricted to specific purposes other than expendable trusts or

major capital projects

16

SPECIAL REVENUE FUND-NONAIDABLE

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Other Student Fees

Institutional

Federal

Total Revenues

2017-18

Actual

50000

826892

553104

7784922

9214918

2018-19

Budget

50000

844820

725519

8003250

9623589

2018-19

Estimate

50000

830000

572000

7537226

8989226

2019-20

Budget

50000

0

248000

8076117

8374117

EXPENDITURES

Instruction

Student Services

General Institutional

Total Expenditures

54777

9122408

0

9177185

95909

9302560

7500

9405969

62500

9094934

2000

9159434

133500

8232279

7000

8372779

Net Revenue (Expenditures) 37733 217620 (170208) 1338

OTHER SOURCES (USES)

Operating Transfer In (Out)

Total Resources (Uses)

(408000)

(370267)

(600000)

(382380)

(600000)

(770208)

0

1338

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Student Organizations

Reserve for Student Finl Assistance

Total Transfers To (From) Fund Balance

(370267)

0

(370267)

(382380)

0

(382380)

(770208)

0

(770208)

1338

0

1338

Beginning Fund Balance

Ending Fund Balance

1727368

1357101

1357101

974721

1357101

586893

586893

588231

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Nonaidable are used to account for assets held by a district as an agent for

individuals private organizations other governmental units or other funds

17

CAPITAL PROJECTS FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

State Aids 390544 99215 112083 111055

Institutional 542114 170000 1041198 600000

Federal 675603 43000 67411 632586

Total Revenues 1608261 312215 1220692 1343641

EXPENDITURES

Instruction 3147428 2252723 2250000 2483641

Instructional Resources 680058 642000 640000 425000

Student Services 6748 10000 8000 10000

General Institutional 1381491 1508000 1500000 1575000

Physical Plant 5480785 4291492 4290000 3990000

Auxiliary Services 38050 0 0 0

Total Expenditures 10734560 8704215 8688000 8483641

Net Revenue (Expenditures) (9126299) (8392000) (7467308) (7140000)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Operating Transfer In (Out) 400000 600000 600000 0

Total Resources (Uses) 5673701 108000 (3867308) (1800000)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Total Transfers To (From) Fund Balance 5673701 108000 (3867308) (1800000)

Beginning Fund Balance 487719 6161420 6161420 2294112

Ending Fund Balance 6161420 6269420 2294112 494112

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Capital Projects Funds are used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisition construction equipping and remodeling

of buildings

18

DEBT SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Institutional

Total Revenues

2017-18

Actual

6800000

213073

7013073

2018-19

Budget

6800000

80746

6880746

2018-19

Estimate

6800000

50000

6850000

2019-20

Budget

6800000

91523

6891523

EXPENDITURES

Physical Plant

Total Expenditures

6905092

6905092

6880746

6880746

6831540

6831540

6891523

6891523

Net Revenue (Expenditures) 107981 0 18460 0

OTHER SOURCES (USES)

Proceeds from Debt

Operating Transfer In (Out)

Total Resources (Uses)

0

0

107981

0

0

0

0

0

18460

0

0

0

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Debt Service

Total Transfers To (From) Fund Balance

107981

107981

0

0

18460

18460

0

0

Beginning Fund Balance

Ending Fund Balance

572435

680416

680416

680416

680416

698876

698876

698876

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Debt Service Funds are used to account for the accumulation of resources for and the payment of general

long-term debt and long-term lease purchase principal and interest

19

ENTERPRISE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

State Aids

Institutional

Total Revenues

2017-18

Actual

141280

3135753

3277033

2018-19

Budget

136380

3442148

3578528

2018-19

Estimate

136380

3193000

3329380

2019-20

Budget

136380

3845558

3981938

EXPENDITURES

Auxiliary Services

Total Expenditures

3388856

3388856

3567020

3567020

3450000

3450000

3831938

3831938

Net Revenue (Expenditures) (111823) 11508 (120620) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

8000

(103823)

(540224)

0

(528716)

(540224)

0

(660844)

0

(150000)

0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings

Total Transfers To (From) Fund Balance

(103823)

(103823)

(528716)

(528716)

(660844)

(660844)

0

0

Beginning Fund Balance

Ending Fund Balance

1252420

1148597

1148597

619881

1148597

487753

487753

487753

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Enterprise Funds are used to account for operations where the costs of providing goods or services to the

student body faculty and staff or the general public are financed primarily through user fees

20

INTERNAL SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Institutional 1095402 1120000 1047959 1110000

Total Revenues 1095402 1120000 1047959 1110000

EXPENDITURES

Auxiliary Services 1062274 1120000 1040000 1110000

Total Expenditures 1062274 1120000 1040000 1110000

Net Revenue (Expenditures) 33128 0 7959 0

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 33128 0 7959 0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings 33128 0 7959 0

Total Transfers To (From) Fund Balance 33128 0 7959 0

Beginning Fund Balance 62744 95872 95872 103831

Ending Fund Balance 95872 95872 103831 103831

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Internal Service Funds are used to account for the financing and related financial activity of goods and services

provided by one department to other departments of the district on a cost-reimbursement basis

21

BUDGETED EXPENDITURES BY OBJECT LEVEL

2019-20 BUDGET YEAR

Personnel Expenses

Salaries and Wages

Fringe Benefits

34944350

16142147

$51086497

Current Expenses 24902976

Capital Outlay 8483641

Debt Service 6891523

Total Budgeted Expenditures $91364637

Includes all funds

DEFINITIONS

Personnel Expenses Payroll expenditures which include wages health and dental insurance long-term

disability group life insurance retirement and social security contributions

Current Expenses Expenditures incurred during the fiscal year in progress--examples are supplies repairs

postage consulting services media services utilities and insurances

Capital Outlay Expenditures which result in the acquisition of fixed assets having a life of two or more

years and a cost greater than $5000 It is an expenditure for land buildings improvements to buildings

remodeling and major equipment

Debt Service Interest and principal payments made against the outstanding long-term debt of bonds

and notes payable and installment purchases

22

Combined Budget Summary

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 20444617 20900299 20927687 21498196

State Aids 26597512 25435877 25564062 26875659

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 1785791 1932820 1930930 1844820

Institutional 7192008 7429713 7358502 7605277

Federal 14985187 10502753 10061140 11849255

Total Revenues 85771822 81603931 80495795 84594207

EXPENDITURES

Instruction 45826903 41226667 40550920 42810696

Instructional Resources 1391192 1400776 1354460 1188766

Student Services 14358767 14641923 14363152 14291844

General Institutional 13248210 13404315 13364194 12415801

Physical Plant 16862477 15963995 15898217 15715592

Auxiliary Services 4489180 4687020 4490000 4941938

Total Expenditures 96176729 91324696 90020942 91364637

Net Revenue (Expenditures) (10404907) (9720765) (9525146) (6770430)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 3995093 (1820765) (6525146) (1430430)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Reserve for Debt Service 107981 0 18460 0

Retained Earnings (70695) (528716) (652885) 0

Reserve for Student Organizations (370267) (382380) (770208) 1338

Reserve for Student Finl Assistance 0 0 0 0

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1345627) (1017669) (1253206) 368232

Total Transfers To (From) Fund Balance 3995093 (1820765) (6525146) (1430430)

Beginning Fund Balance 18466248 22461341 22461341 15936195

Ending Fund Balance 22461341 20640576 15936195 14505765

EXPENDITURES BY FUND

General 53801304 55238458 55145968 55570924

Special Revenue-Operational 11107458 6408288 5706000 7103832

Special Revenue-Nonaidable 9177185 9405969 9159434 8372779

Capital Projects 10734560 8704215 8688000 8483641

Debt Service 6905092 6880746 6831540 6891523

Enterprise 3388856 3567020 3450000 3831938

Internal Service 1062274 1120000 1040000 1110000

Total Expenditures by Fund 96176729 91324696 90020942 91364637

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

23

PROFORMA BALANCE SHEET June 30 2019

Governmental Fund Category Proprietary Fund Account Group Total

Category

Special Special

Revenue- Revenue- Capital Debt Internal Fixed Long-Term (Memorandum

CURRENT ASSETS General Operational Non-aidable Projects Service Enterprise Service Assets Obligations Only)

Cash and Cash Equivalents $ 4348749 $ 703979 $ 1044775 $ 5013937 $ 475424 $ 145500 $ - $ - $ - $ 11732364

Property Taxes Receivable 6190934 - - - 223452 - - - - 6414386

Accounts Receivable 1829862 1246266 393133 48897 - 474719 35732 - - 4028609

Inventory - - - - - 19353 66607 - - 85960

Prepaid Items 821698 - - - - - - - - 821698

Due From Other Funds 1933131 - 489875 - - - 42914 - - 2465920

Capital Assets Less Depreciation - - - - - 370363 5058 67996797 - 68372218

Amt to be Provided for Debt Service - - - - - - - - 31915000 31915000 Total Assets $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

LIABILITIES

Accounts Payable $ 555324 $ 333053 $ 826199 $ 2768722 $ - $ 108891 $ 8452 $ - $ - $ 4600641

Accrued Payroll 2285239 8722 514691 - - 74923 38028 - - 2921603

Due to Other Funds 532789 1594763 - - - 338368 - - - 2465920

Debt Service Payable - - - - - - - - 31915000 31915000

Total Liabilities $ 3373352 $ 1936538 $ 1340890 $ 2768722 $ - $ 522182 $ 46480 $ - $ 31915000 $ 41903164

FUND EQUITY

General Fixed Assets $ - $ - $ - $ - $ - $ - $ - $67996797 $ - $ 67996797

Retained Earnings - - - - - 487753 103831 - - 591584

Fund Balance - - - - - - - - - -

Reserve for Student Organizations - - - - - - - - - -

Reserve for Std Finl Assistance - - 27992 - - - - - - 27992

Reserve for Capital Projects - - - 2294112 - - - - - 2294112

Reserve for Debt Service - - - - 698876 - - - - 698876

Unreserved - - - - - - - - - -

Designated for Operations 11751022 13707 558901 - - - - - - 12323630

Total Fund Equity $ 11751022 $ 13707 $ 586893 $ 2294112 $ 698876 $ 487753 $ 103831 $67996797 $ - $ 83932991 Total Liability amp Fund Equity $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

24

CAPITAL PROJECTS LISTING

2019-20

Description Amount

Remodeling Campuses 3500000

Instructional Equipment used in Programs 2483641

Administrative Computer SoftwareHardware 846250

Instructional Computer SoftwareHardware 528750

Multimedia Classrooms 425000

Administrative Equipment 210000

Equipment for Physical Plant 190000

Office and Classroom Furniture 300000

$ 8483641

25

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

Annual Action Plan (Fiscal Year 2020)

Goal 1 Quality Ensure continuous quality improvement in all college programs and services

Outcomes and Strategies

11 Expand continuous quality improvement in academic and non-academic departments and services

A Investigate and begin self-studies for individual program accreditationscertifications to demonstrate quality programming

B Complete HLC Assurance Review (Year 4 Review)

12 Expand technical skills attainment and assessment of student learning to all academic

programs

A Move all TSA Phase 2-eligible programs into assessment reporting

B Implement HESI assessments for students in Radiography Dental Hygiene and DMS

Goal 2 Student Success Improve student success through innovative student centered strategies and quality instruction

Outcomes and Strategies

21 Increase student persistence to degree completion A Blend program improvement planning student assessment and student success

initiatives into one sustainable process B Expand and review CVTC use of open and affordable educational resources

(OERAER) and assess resources for scalability C Increase course success rates to 80 (focus on courses with lowest success

rates) D Explore options for sustainability of mental health services to address gaps

22 Increase number of credits student obtain through prior learning assessment

23 Increase Associate degree program transfer rates

24 Assist basic skills students to transition into occupational programs A Develop and implement bridge programs

Goal 3 Community amp Stakeholder Alignment Align programs and courses with community and stakeholder needs

Outcomes and Strategies

31 Increase college enrollments and FTEs A Expand Apprenticeship programs and enrollments

3

B Align educational training with workforce needs through implementation modification or suspension of programs

C Expand programming at River Falls campus based on supportive data

32 Expand career pathways with embedded certificates and stackable credentials that align with high demand jobs

33 Increase Business and Industry credit offerings A Explore new credit and non-credit offerings in BampI

34 Increase dual enrollment options for high school students A Expand high school academies and transcripted credit opportunities B Expand manufacturing education for high schools

Goal 4 Cohesive Culture Develop a culture that enhances efficiency effectiveness and professional growth for employees

Outcomes and Strategies

41 Promote employee leadership development A Implement reorganization of senior leadership and impacted divisions B Advance succession planning

42 Support college diversity through recruitment and programming A Expand study abroad programming

43 Promote a climate of inclusion and satisfaction for faculty and staff A Continue to develop River Falls as a comprehensive branch campus

Goal 5 College Resources Build financial strength through effective resource stewardship

Outcomes and Strategies

51 Maintain updated equipment and facilities to foster authentic learning environments with cutting edge technology

A Determine viability of student housing project B Complete integrated Business Student Engagement Center C Remodel IT Networking lab and classroom to facilitate advanced data center

programming D Develop Fab Lab using NSF ATE grant funding E Update master facilities plan to align with college priorities

52 Maintain efficient and effective information systems to support college goals A Complete full implementation of Canvas LMS B Optimize and integrate systems to improve customer experience staff efficiency

and productivity across divisions

53 Increase alternative revenue A Increase unrestricted giving to the college

4

Strategic Goals 2020-2022

Goal 1 Goal 2 Goal 3 Goal 4 Goal 5

Quality Student Success Community amp Cohesive Culture College Ensure continuous quality Improve student success Stakeholder Develop a culture that Resources improvement in all college through innovative Alignment enhances efficiency Build financial

programs and services student centered strategies and quality

Align programs and courses with community

effectiveness and professional growth for

strength through effective resource

HLC Criterion 4 A Practice of regular program review

instruction and stakeholder needs employees stewardship

HLC Criterion 5 D Systematically improve performance of operations HLC Criterion 4 B Ongoing

HLC Criterion 3 D Support for student learning amp effective teaching HLC Criterion 4 C

HLC Criterion 1 D Responds to constituencies amp communities of interest

HLC Criterion 1 C Role in multicultural society amp human diversity HLC Criterion 2 Integrity

HLC Criterion 5 Resources Planning and Institutional Effectivenss

assessment of student Commitment to educational Ethical and Responsible learning improvement Conduct

Outcomes Outcomes Outcomes Outcomes Outcomes

11 Expand continuous 21 Increase student 31 Increase college 41 Promote employee 51 Maintain updated quality improvement in persistence to degree enrollments and FTEs leadership development equipment and facilities academic and non-academic completion (HLC 3) (OBD8) to foster authentic departments and services

42 Support college diversity learning environments

(HLC 4) (HLC 5) 22 Increase number of credits students obtain

32 Expand career pathways with embedded and

through recruitment and programming

with cutting edge technology

12 Expand technical skills through prior learning stackable credentials that (HLC 1) (OBF 9)

attainment and assessment assessment (OBF10) align with high demand jobs 52 Maintain efficient

of student learning to all academic programs (OBF3) (HLC 4)

23 Increase Associate degree program transfer rates (HLC 4C)

(OBF2)

33 Increase Business and Industry credit offerings

43 Promote a climate of inclusion and satisfaction for faculty and staff (HLC 2)

and effective information systems to support college goals

24 Assist basic skills

students in transition into

occupational programs

(OBF45)

(OBF7)

34 Increase dual enrollment options for high school students OBD10)

53 Increase alternative revenue

Key Results

11 Programs participating in the program improvement reporting process (HLC 4)

11 Non-academic departments participating in department improvement reporting process (HLC 5)

12 Number of academic programs reporting assessment data (HLC 4) (OBF 3)

Key Results

21 Course success by delivery method (HLC 3)

21 Graduation rates (HLC 4C)

22Credits awarded for prior learning (OBF 10)

23 Transfer rates of Associate Degree students

24 Developmental education transition into programs (OBF 4 5)

Key Results

31 Job related placement (HLC 1)

31 College FTEs (OBF 8)

32 Career Pathways (OBF 2 3)

33 Business amp Industry credits and FTEs (OBF 7)

34 High school dual enrollments (OBF 6)

Key Results

41 Staff participation in leadership development programs

42 Student and staff diversity (HLC 1) (OBF 9)

42 PACE survey results (HLC 2)

43 Employee turnover

Key Results

51 Depreciation Ratio

51 Operational Reserves

52 IT Satisfaction Survey results

53 Grant Revenue

5-30-2019

5

Higher Learning Commission Accreditation

The Higher Learning Commission is one of six regional accrediting bodies recognized by the US Department of Education and maintaining regional accreditation is necessary for Chippewa Valley students to be eligible for federal financial aid In October 2015 Chippewa Valley Technical College underwent a Comprehensive Quality Review in which a team of peer reviewers visited the college to validate information the college provided in comprehensive accreditation reports by reviewing supporting documents and talking to students staff and community members

Based on the visiting teamrsquos recommendation Chippewa Valleyrsquos accreditation has been reaffirmed through 2025-26 The college received many commendations from the team as well as suggestions for improvement Following the Comprehensive Quality Review Chippewa Valley began the process of addressing Higher Learning Commission feedback as part of its continuous quality improvement efforts

In May 2016 Chippewa Valley was accepted into the Higher Learning Commissionrsquos Persistence and Completion Academy The Academy is a four-year initiative to build institutional capacity for the improvement of student persistence and completion The Academy offers a guided program to advise institutions on defining tracking and analyzing data on student success establishing clear goals and strategies for student population groups and implementing those goals A team of Chippewa Valley staff and faculty participate in the Academy to learn new techniques for researching and comparing emerging methods of evaluation and improvement as well as how to collect and analyze data to identify patterns that lead to data-informed decisions

In July 2020 the college will prepare and submit its regular four-year Assurance Review The Assurance Review is a comprehensive review wherein the institution provides evidence that it continues to meet the Criteria for Accreditation A team of peer reviewers will evaluate Chippewa Valleyrsquos Assurance Filing (comprised of an Assurance Argument and Evidence File) and make a recommendation to the HLC for continued accreditation The Assurance Review process does not include a site visit

6

BUDGET PROCESS Fiscal Year 2019-20

The Chippewa Valley Technical College budget is adopted for the year beginning July 1st ending June 30th The budget allocates financial resources for ongoing programs courses and services as well as for strategic initiatives Budgeting is done in accordance with Chapter 65 of Wisconsin Statutes Wisconsin Technical College System administrative rules and submitted to the System Office by July 1 Expenditures much be accommodated within the authorized tax levy and other funding resources

The CVTC budget is created to support the 11 county geographic district in west central Wisconsin This district includes 204 municipalities 34 public schools and an estimated population of 315416 To service the districtrsquos 5500 square miles CVTC operates campuses in four cities and provides offerings at approximately 33 locations

The budgeting process is an integral step in implementing the Collegersquos strategic initiatives Each department develops a budget based on the instructional and operational goals for the year Budgets are reviewed by the Budget Manager and consolidated for further review by the Finance Director Vice Presidents and President for alignment with the strategic initiatives and overall goals of the College

During the months of February through May the Presidentrsquos Cabinet and College Board of Trustees review and assess various elements of the budget including historical trends current projections and major budget assumptions At its May meeting the Board authorizes the publishing of a legal notice to hold a public hearing prior to adoption of the consolidated budget

The Board of Trustees completed their review of the budget in May of 2019 and the public hearing on the proposed budget was held on June 27 2019 Final adoption of the budget occurred at the regular District Board Meeting on June 27 2019

The tax rates shown in this document are actual rates from October 1 2018 On or near October 1 2019 the Wisconsin Department of Revenue will provide new actual valuations at which time the Board will set its final mill rate

7

Budget Planning Assumptions

Financial projections are developed initially during the budget planning process and continue to be updated through budget development

Property Values Property values are expected to increase 4 from the level in 2018-19

Full-Time Equivalent Students (FTE) FTEs for 2019-20 are expected to be 4510 which is an increase of 222 above the projected 2018-19 estimate

Health Insurance The health insurance premium is expected to remain flat due to a stable claims experience

General State Aids Revenues from general state aids are expected to increase due to the Joint Finance Committee increasing General Aid in the forthcoming budget

State Grants WTCS State incentive grant revenues are expected to increase from 2018-19 due to increased awards

Student Fees Tuition rates will increase 171 over 2018-19

Institutional Revenue Institutional revenue is expected to increase due to an increase in contract revenue and High School Academies

Federal Grants Federal revenue is expected to increase due to the new multi-year Department of Education grant and an additional NSF grant

Fund Balance Based on the 2019-20 budget projections the General Fund balance will remain within the guidelines established by the CVTC Board

8

CHIPPEWA VALLEY TECHNICAL COLLEGE Position Summary - FTE Basis

Special

Actual Y-T-D Budget General Revenue Proprietary Fiduciary Total

Category 2017-18 2018-19 2019-20 Fund Fund Fund Fund 2019-20

Administrators

Supervisors 5500 5100 5000 4695 118 187 000 5000

Teachers 22900 22200 22700 20913 1787 22700

Specialists 000 000 000 000 000 000

Other Staff 21800 22100 21200 16174 3073 1953 000 21200

Total 50200 49400 48900 41782 4978 2140 000 48900

This schedule does not include the adjunct instructors for noncredit courses temporary staff students or the

limited-term project employees

9

FINANCIAL DATA

REVENUES

The following sources are used to classify the districtrsquos revenue

Local Government Revenue of the district that is derived from taxes levied on the

equalized property value within a district

State Aids Funds made available by the legislature for distribution to the district based

on a statutory formula of distribution and on competitive categorical appropriations

Program Fees Fees paid by students and set by the Wisconsin Technical College

System Board for tuition

Material Fees Fees paid by the students to cover the cost of instructional materials

used by the student or instructor in the classroom

Other Student Fees Fees paid by students to cover the cost of graduation transcripts

applications student activities registration testing and student projects

Institutional Revenue Revenue of the district that is derived from interest income

contracted services sales and rental income

Federal Revenue Revenue provided by the federal government often of a cost-

reimbursement nature Expenditures made with this revenue are identifiable as

federally supported expenditures

10

EXPENDITURES

The following functions are used to classify the districtrsquos expenditures

Instruction This function includes teaching academic administration (including clerical

support) and other activities related directly to the teaching of students guiding

students in the educational program and the coordination and improvement of teaching

Instructional Resources This function includes all learning resource activities such as

the library audiovisual learning resources center instructional media center

instructional resources administration and clerical support

Student Services This function includes those non-instructional services provided for

the student body such as student recruitment student services administration and

clerical support admissions registration counseling (including testing and evaluation)

financial aids placement and follow-up

General Institutional This function includes all services benefiting the entire district

exclusive of those chargeable directly to other functional categories The district board

presidentrsquos office business office data processing human resources public

communications and general supporting administrative offices are included in this

function

Physical Plant This function includes all services required for the operation and

maintenance of the districtrsquos physical facilities Principal and interest on long-term

obligations are included under this function as are the general utilitiesmdashheat light and

power

Auxiliary Services This function includes commercial type activities Examples include

bookstore duplicating auto parts dental clinic and parking

11

FUND EQUITY

The following reserves and designations are used to classify the districtrsquos fund equity

Retained Earnings Represents that portion of the fund equity which has been

accumulated from the operation of the Enterprise or Internal Service Funds

Reserve for Student Organizations Fund balance held in trust for student

organizations

Reserve for Student Financial Assistance Fund balance held in trust for student

financial assistance

Reserve for Capital Projects Segregation of a portion of the fund balance which is

exclusively and specifically for the acquisition and improvement of sites and for the

acquisition construction equipping and renovation of buildings

Reserve for Debt Service Segregation of the fund equity for Debt Service Fund

resources legally restricted to the payment of general long-term debt principal and

interest

Designated for Operations Portion of the unreserved fund balance which is designated

to be used to provide for normal fluctuations in operating cash balances

Designated for Subsequent Years Portion of the unreserved fund balance which is

designated to fund operations subsequent to the forthcoming budget year

12

CHIPPEWA VALLEY TECHNICAL COLLEGE Notice of Public Hearing

July 1 2019 - June 30 2020

A public hearing on the proposed fiscal year 2019-2020 budget for the Chippewa Valley Technical

College will be held on June 27 2019 at 530 pm in the

RCU Community Center (100A) 620 West Clairemont Avenue Eau Claire WI

The detailed budget is available for public inspection at the Administrative Office (100)

620 West Clairemont Avenue Eau Claire WI Monday through Friday between the hours of 8 am and 4 pm

PROPERTY TAX AND EXPENDITURE HISTORY

Fiscal Equalized Mill Rates Total Percent

Year Valuation Operations(2) Debt Service Mill Rate Inc(Dec)

2015-16 21767542539 057396 031239 088635 (124)

2016-17 22604603466 057695 030082 087777 (097)

2017-18 23603071573 057510 028810 08632 (166)

2018-19 24723807042 057142 027504 084646 (194)

2019-20 (1) 25712759324 057163 026446 083609 (123)

Tax on a

Fiscal Total Percent Property Percent $100000

Year(2) Expenditures Inc(Dec) Tax Levy Inc(Dec) House

2015-16 91154700 (597) $19293590 271 $8864

2016-17 91858240 077 $19841626 284 $8778

2017-18 92682472 090 $20374010 268 $8632

2018-19 90020942 (287) $20927687 272 $8465

2019-20 91364637 149 $21498196 273 $8361

BUDGETFUND BALANCE SUMMARY-ALL FUNDS

Special Special

Revenue Revenue Capital Debt

Fund - Fund - Projects Service Proprietary

General Fund Operational Nonaidable Fund Fund Fund Total

Tax Levy $13548196 $1100000 $50000 $0 $6800000 $0 $21498196

Other Budgeted Revenues $42172728 $6072064 $8324117 $1343641 $91523 $5091938 $63096011

Subtotal $55720924 $7172064 $8374117 $1343641 $6891523 $5091938 $84594207

Budgeted expenditures $55570924 $7103832 $8372779 $8483641 $6891523 $4941938 $91364637

Excess of Revenues

over Expenditures $150000 $68232 $1338 ($7140000) $0 $150000 ($6770430)

Residual Equity Transfers $0 $0 $0 $0 $0 $0 $0

Operating Transfers $150000 $0 $0 $0 $0 ($150000) $0

Proceeds from Debt $0 $0 $0 $5340000 $0 $0 $5340000

Est Fund Balance 70119 $11751022 $13707 $586893 $2294112 $698876 $591584 $15936195

Est Fund Balance 63020 $12051022 $81939 $588231 $494112 $698876 $591584 $14505765

(1) Equalized Valuation is projected to increase 4 in fiscal year 2020

(2) Fiscal years 2016 - 2018 represent actual amounts 2019 is projected and 2020 is the proposed budget

13

CHIPPEWA VALLEY TECHNICAL COLLEGE

Notice of Public Hearing

Budget Summary-General Fund

Fiscal Year 2019-20

2017-18

Actual(3)

2018-19

Budget

2018-19

Estimated(4)

2019-20

Budget

REVENUES

Local Government

State Aids

Program Fees

Material Fees

Other Student Fees

Institutional

Federal

Total Revenues

12494617

23739291

13960524

806183

810729

688257

26305

52525906

12950299

23572299

14592469

810000

868000

831300

25000

53649367

12977687

23888599

13843474

810000

1000930

854345

25000

53400035

13548196

24516532

14111000

810000

1000000

1710196

25000

55720924

EXPENDITURES

Instruction

Instructional Resources

Student Services

General Institutional

Physical Plant

Total Expenditures

Net Revenue (Expenditures)

33234478

710414

3914411

11525057

4416944

53801304

(1275398)

34241590

745496

3966049

11559155

4726168

55238458

(1589091)

34238420

701460

3960218

11534194

4711677

55145968

(1745933)

35493393

721556

4041103

10559765

4755107

55570924

150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

0

(1275398)

540224

0

(1048867)

540224

0

(1205709)

0

150000

300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations

Designated for

Subsequent Years

Total Transfers To (From)

Fund Balance

Beginning Fund Balance

Ending Fund Balance

EXPENDITURES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Expenditures by Fund

0

(1275398)

(1275398)

14232129

12956731

53801304

11107458

9177185

10734560

6905092

3388856

1062274

96176729

0

(1048867)

(1048867)

12956731

11907864

55238458

6408288

9405969

8704215

6880746

3567020

1120000

91324696

0

(1205709)

(1205709)

12956731

11751022

55145968

5706000

9159434

8688000

6831540

3450000

1040000

90020942

0

300000

300000

11751022

12051022

55570924

7103832

8372779

8483641

6891523

3831938

1110000

91364637

Change (5)

in Budget

060

1085

-1098

-253

016

743

-089

004

REVENUES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Revenues by Fund

52525906

11037229

9214918

1608261

7013073

3277033

1095402

85771822

53649367

6439486

9623589

312215

6880746

3578528

1120000

81603931

53400035

5658503

8989226

1220692

6850000

3329380

1047959

80495795

55720924

7172064

8374117

1343641

6891523

3981938

1110000

84594207

386

1138

-1298

33036

016

1127

-089

366

(3) Actual is presented on a budgetary basis

(4) Estimate is based upon 10 months of actual and 2 months of estimate

(5) (2019-20 budget - 2018-19 budget) 2018-19 budget

14

GENERAL FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 12494617 12950299 12977687 13548196

State - Property Tax Relief Aid 18322299 18322299 18322299 18322299

State Aids 5416992 5250000 5566300 6194233

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 810729 868000 1000930 1000000

Institutional 688257 831300 854345 1710196

Federal 26305 25000 25000 25000

Total Revenues 52525906 53649367 53400035 55720924

EXPENDITURES

Instruction 33234478 34241590 34238420 35493393

Instructional Resources 710414 745496 701460 721556

Student Services 3914411 3966049 3960218 4041103

General Institutional 11525057 11559155 11534194 10559765

Physical Plant 4416944 4726168 4711677 4755107

Total Expenditures 53801304 55238458 55145968 55570924

Net Revenue (Expenditures) (1275398) (1589091) (1745933) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 540224 540224 0

Operating Transfer In (Out) 0 0 0 150000

Total Resources (Uses) (1275398) (1048867) (1205709) 300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1275398) (1048867) (1205709) 300000

Total Transfers To (From) Fund Balance (1275398) (1048867) (1205709) 300000

Beginning Fund Balance 14232129 12956731 12956731 11751022

Ending Fund Balance 12956731 11907864 11751022 12051022

Fund Balance of Expenditures 241 216 213 217

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

The General Fund is used to account for all financial activities except those required to be accounted for in

another fund

15

SPECIAL REVENUE FUND-OPERATIONAL

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 1100000 1100000 1100000 1100000

State Aids 2326397 1627983 1427000 2111692

Other Student Fees 148170 220000 100000 844820

Institutional 964305 1060000 600000 0

Federal 6498357 2431503 2431503 3115552

Total Revenues 11037229 6439486 5658503 7172064

EXPENDITURES

Instruction 9390220 4636445 4000000 4700162

Instructional Resources 720 13280 13000 42210

Student Services 1315200 1363314 1300000 2008462

General Institutional 341662 329660 328000 274036

Physical Plant 59656 65589 65000 78962

Auxiliary Services 0 0 0 0

Total Expenditures 11107458 6408288 5706000 7103832

Net Revenue (Expenditures) (70229) 31198 (47497) 68232

OTHER SOURCES (USES)

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) (70229) 31198 (47497) 68232

TRANSFERS TO (FROM) FUND BALANCE

Designated for Operations (70229) 31198 (47497) 68232

Total Transfers To (From) Fund Balance (70229) 31198 (47497) 68232

Beginning Fund Balance 131433 61204 61204 13707

Ending Fund Balance 61204 92402 13707 81939

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Operational are used to account for the proceeds and related financial activity of

specific revenue sources that are legally restricted to specific purposes other than expendable trusts or

major capital projects

16

SPECIAL REVENUE FUND-NONAIDABLE

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Other Student Fees

Institutional

Federal

Total Revenues

2017-18

Actual

50000

826892

553104

7784922

9214918

2018-19

Budget

50000

844820

725519

8003250

9623589

2018-19

Estimate

50000

830000

572000

7537226

8989226

2019-20

Budget

50000

0

248000

8076117

8374117

EXPENDITURES

Instruction

Student Services

General Institutional

Total Expenditures

54777

9122408

0

9177185

95909

9302560

7500

9405969

62500

9094934

2000

9159434

133500

8232279

7000

8372779

Net Revenue (Expenditures) 37733 217620 (170208) 1338

OTHER SOURCES (USES)

Operating Transfer In (Out)

Total Resources (Uses)

(408000)

(370267)

(600000)

(382380)

(600000)

(770208)

0

1338

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Student Organizations

Reserve for Student Finl Assistance

Total Transfers To (From) Fund Balance

(370267)

0

(370267)

(382380)

0

(382380)

(770208)

0

(770208)

1338

0

1338

Beginning Fund Balance

Ending Fund Balance

1727368

1357101

1357101

974721

1357101

586893

586893

588231

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Nonaidable are used to account for assets held by a district as an agent for

individuals private organizations other governmental units or other funds

17

CAPITAL PROJECTS FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

State Aids 390544 99215 112083 111055

Institutional 542114 170000 1041198 600000

Federal 675603 43000 67411 632586

Total Revenues 1608261 312215 1220692 1343641

EXPENDITURES

Instruction 3147428 2252723 2250000 2483641

Instructional Resources 680058 642000 640000 425000

Student Services 6748 10000 8000 10000

General Institutional 1381491 1508000 1500000 1575000

Physical Plant 5480785 4291492 4290000 3990000

Auxiliary Services 38050 0 0 0

Total Expenditures 10734560 8704215 8688000 8483641

Net Revenue (Expenditures) (9126299) (8392000) (7467308) (7140000)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Operating Transfer In (Out) 400000 600000 600000 0

Total Resources (Uses) 5673701 108000 (3867308) (1800000)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Total Transfers To (From) Fund Balance 5673701 108000 (3867308) (1800000)

Beginning Fund Balance 487719 6161420 6161420 2294112

Ending Fund Balance 6161420 6269420 2294112 494112

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Capital Projects Funds are used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisition construction equipping and remodeling

of buildings

18

DEBT SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Institutional

Total Revenues

2017-18

Actual

6800000

213073

7013073

2018-19

Budget

6800000

80746

6880746

2018-19

Estimate

6800000

50000

6850000

2019-20

Budget

6800000

91523

6891523

EXPENDITURES

Physical Plant

Total Expenditures

6905092

6905092

6880746

6880746

6831540

6831540

6891523

6891523

Net Revenue (Expenditures) 107981 0 18460 0

OTHER SOURCES (USES)

Proceeds from Debt

Operating Transfer In (Out)

Total Resources (Uses)

0

0

107981

0

0

0

0

0

18460

0

0

0

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Debt Service

Total Transfers To (From) Fund Balance

107981

107981

0

0

18460

18460

0

0

Beginning Fund Balance

Ending Fund Balance

572435

680416

680416

680416

680416

698876

698876

698876

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Debt Service Funds are used to account for the accumulation of resources for and the payment of general

long-term debt and long-term lease purchase principal and interest

19

ENTERPRISE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

State Aids

Institutional

Total Revenues

2017-18

Actual

141280

3135753

3277033

2018-19

Budget

136380

3442148

3578528

2018-19

Estimate

136380

3193000

3329380

2019-20

Budget

136380

3845558

3981938

EXPENDITURES

Auxiliary Services

Total Expenditures

3388856

3388856

3567020

3567020

3450000

3450000

3831938

3831938

Net Revenue (Expenditures) (111823) 11508 (120620) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

8000

(103823)

(540224)

0

(528716)

(540224)

0

(660844)

0

(150000)

0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings

Total Transfers To (From) Fund Balance

(103823)

(103823)

(528716)

(528716)

(660844)

(660844)

0

0

Beginning Fund Balance

Ending Fund Balance

1252420

1148597

1148597

619881

1148597

487753

487753

487753

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Enterprise Funds are used to account for operations where the costs of providing goods or services to the

student body faculty and staff or the general public are financed primarily through user fees

20

INTERNAL SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Institutional 1095402 1120000 1047959 1110000

Total Revenues 1095402 1120000 1047959 1110000

EXPENDITURES

Auxiliary Services 1062274 1120000 1040000 1110000

Total Expenditures 1062274 1120000 1040000 1110000

Net Revenue (Expenditures) 33128 0 7959 0

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 33128 0 7959 0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings 33128 0 7959 0

Total Transfers To (From) Fund Balance 33128 0 7959 0

Beginning Fund Balance 62744 95872 95872 103831

Ending Fund Balance 95872 95872 103831 103831

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Internal Service Funds are used to account for the financing and related financial activity of goods and services

provided by one department to other departments of the district on a cost-reimbursement basis

21

BUDGETED EXPENDITURES BY OBJECT LEVEL

2019-20 BUDGET YEAR

Personnel Expenses

Salaries and Wages

Fringe Benefits

34944350

16142147

$51086497

Current Expenses 24902976

Capital Outlay 8483641

Debt Service 6891523

Total Budgeted Expenditures $91364637

Includes all funds

DEFINITIONS

Personnel Expenses Payroll expenditures which include wages health and dental insurance long-term

disability group life insurance retirement and social security contributions

Current Expenses Expenditures incurred during the fiscal year in progress--examples are supplies repairs

postage consulting services media services utilities and insurances

Capital Outlay Expenditures which result in the acquisition of fixed assets having a life of two or more

years and a cost greater than $5000 It is an expenditure for land buildings improvements to buildings

remodeling and major equipment

Debt Service Interest and principal payments made against the outstanding long-term debt of bonds

and notes payable and installment purchases

22

Combined Budget Summary

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 20444617 20900299 20927687 21498196

State Aids 26597512 25435877 25564062 26875659

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 1785791 1932820 1930930 1844820

Institutional 7192008 7429713 7358502 7605277

Federal 14985187 10502753 10061140 11849255

Total Revenues 85771822 81603931 80495795 84594207

EXPENDITURES

Instruction 45826903 41226667 40550920 42810696

Instructional Resources 1391192 1400776 1354460 1188766

Student Services 14358767 14641923 14363152 14291844

General Institutional 13248210 13404315 13364194 12415801

Physical Plant 16862477 15963995 15898217 15715592

Auxiliary Services 4489180 4687020 4490000 4941938

Total Expenditures 96176729 91324696 90020942 91364637

Net Revenue (Expenditures) (10404907) (9720765) (9525146) (6770430)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 3995093 (1820765) (6525146) (1430430)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Reserve for Debt Service 107981 0 18460 0

Retained Earnings (70695) (528716) (652885) 0

Reserve for Student Organizations (370267) (382380) (770208) 1338

Reserve for Student Finl Assistance 0 0 0 0

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1345627) (1017669) (1253206) 368232

Total Transfers To (From) Fund Balance 3995093 (1820765) (6525146) (1430430)

Beginning Fund Balance 18466248 22461341 22461341 15936195

Ending Fund Balance 22461341 20640576 15936195 14505765

EXPENDITURES BY FUND

General 53801304 55238458 55145968 55570924

Special Revenue-Operational 11107458 6408288 5706000 7103832

Special Revenue-Nonaidable 9177185 9405969 9159434 8372779

Capital Projects 10734560 8704215 8688000 8483641

Debt Service 6905092 6880746 6831540 6891523

Enterprise 3388856 3567020 3450000 3831938

Internal Service 1062274 1120000 1040000 1110000

Total Expenditures by Fund 96176729 91324696 90020942 91364637

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

23

PROFORMA BALANCE SHEET June 30 2019

Governmental Fund Category Proprietary Fund Account Group Total

Category

Special Special

Revenue- Revenue- Capital Debt Internal Fixed Long-Term (Memorandum

CURRENT ASSETS General Operational Non-aidable Projects Service Enterprise Service Assets Obligations Only)

Cash and Cash Equivalents $ 4348749 $ 703979 $ 1044775 $ 5013937 $ 475424 $ 145500 $ - $ - $ - $ 11732364

Property Taxes Receivable 6190934 - - - 223452 - - - - 6414386

Accounts Receivable 1829862 1246266 393133 48897 - 474719 35732 - - 4028609

Inventory - - - - - 19353 66607 - - 85960

Prepaid Items 821698 - - - - - - - - 821698

Due From Other Funds 1933131 - 489875 - - - 42914 - - 2465920

Capital Assets Less Depreciation - - - - - 370363 5058 67996797 - 68372218

Amt to be Provided for Debt Service - - - - - - - - 31915000 31915000 Total Assets $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

LIABILITIES

Accounts Payable $ 555324 $ 333053 $ 826199 $ 2768722 $ - $ 108891 $ 8452 $ - $ - $ 4600641

Accrued Payroll 2285239 8722 514691 - - 74923 38028 - - 2921603

Due to Other Funds 532789 1594763 - - - 338368 - - - 2465920

Debt Service Payable - - - - - - - - 31915000 31915000

Total Liabilities $ 3373352 $ 1936538 $ 1340890 $ 2768722 $ - $ 522182 $ 46480 $ - $ 31915000 $ 41903164

FUND EQUITY

General Fixed Assets $ - $ - $ - $ - $ - $ - $ - $67996797 $ - $ 67996797

Retained Earnings - - - - - 487753 103831 - - 591584

Fund Balance - - - - - - - - - -

Reserve for Student Organizations - - - - - - - - - -

Reserve for Std Finl Assistance - - 27992 - - - - - - 27992

Reserve for Capital Projects - - - 2294112 - - - - - 2294112

Reserve for Debt Service - - - - 698876 - - - - 698876

Unreserved - - - - - - - - - -

Designated for Operations 11751022 13707 558901 - - - - - - 12323630

Total Fund Equity $ 11751022 $ 13707 $ 586893 $ 2294112 $ 698876 $ 487753 $ 103831 $67996797 $ - $ 83932991 Total Liability amp Fund Equity $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

24

CAPITAL PROJECTS LISTING

2019-20

Description Amount

Remodeling Campuses 3500000

Instructional Equipment used in Programs 2483641

Administrative Computer SoftwareHardware 846250

Instructional Computer SoftwareHardware 528750

Multimedia Classrooms 425000

Administrative Equipment 210000

Equipment for Physical Plant 190000

Office and Classroom Furniture 300000

$ 8483641

25

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

B Align educational training with workforce needs through implementation modification or suspension of programs

C Expand programming at River Falls campus based on supportive data

32 Expand career pathways with embedded certificates and stackable credentials that align with high demand jobs

33 Increase Business and Industry credit offerings A Explore new credit and non-credit offerings in BampI

34 Increase dual enrollment options for high school students A Expand high school academies and transcripted credit opportunities B Expand manufacturing education for high schools

Goal 4 Cohesive Culture Develop a culture that enhances efficiency effectiveness and professional growth for employees

Outcomes and Strategies

41 Promote employee leadership development A Implement reorganization of senior leadership and impacted divisions B Advance succession planning

42 Support college diversity through recruitment and programming A Expand study abroad programming

43 Promote a climate of inclusion and satisfaction for faculty and staff A Continue to develop River Falls as a comprehensive branch campus

Goal 5 College Resources Build financial strength through effective resource stewardship

Outcomes and Strategies

51 Maintain updated equipment and facilities to foster authentic learning environments with cutting edge technology

A Determine viability of student housing project B Complete integrated Business Student Engagement Center C Remodel IT Networking lab and classroom to facilitate advanced data center

programming D Develop Fab Lab using NSF ATE grant funding E Update master facilities plan to align with college priorities

52 Maintain efficient and effective information systems to support college goals A Complete full implementation of Canvas LMS B Optimize and integrate systems to improve customer experience staff efficiency

and productivity across divisions

53 Increase alternative revenue A Increase unrestricted giving to the college

4

Strategic Goals 2020-2022

Goal 1 Goal 2 Goal 3 Goal 4 Goal 5

Quality Student Success Community amp Cohesive Culture College Ensure continuous quality Improve student success Stakeholder Develop a culture that Resources improvement in all college through innovative Alignment enhances efficiency Build financial

programs and services student centered strategies and quality

Align programs and courses with community

effectiveness and professional growth for

strength through effective resource

HLC Criterion 4 A Practice of regular program review

instruction and stakeholder needs employees stewardship

HLC Criterion 5 D Systematically improve performance of operations HLC Criterion 4 B Ongoing

HLC Criterion 3 D Support for student learning amp effective teaching HLC Criterion 4 C

HLC Criterion 1 D Responds to constituencies amp communities of interest

HLC Criterion 1 C Role in multicultural society amp human diversity HLC Criterion 2 Integrity

HLC Criterion 5 Resources Planning and Institutional Effectivenss

assessment of student Commitment to educational Ethical and Responsible learning improvement Conduct

Outcomes Outcomes Outcomes Outcomes Outcomes

11 Expand continuous 21 Increase student 31 Increase college 41 Promote employee 51 Maintain updated quality improvement in persistence to degree enrollments and FTEs leadership development equipment and facilities academic and non-academic completion (HLC 3) (OBD8) to foster authentic departments and services

42 Support college diversity learning environments

(HLC 4) (HLC 5) 22 Increase number of credits students obtain

32 Expand career pathways with embedded and

through recruitment and programming

with cutting edge technology

12 Expand technical skills through prior learning stackable credentials that (HLC 1) (OBF 9)

attainment and assessment assessment (OBF10) align with high demand jobs 52 Maintain efficient

of student learning to all academic programs (OBF3) (HLC 4)

23 Increase Associate degree program transfer rates (HLC 4C)

(OBF2)

33 Increase Business and Industry credit offerings

43 Promote a climate of inclusion and satisfaction for faculty and staff (HLC 2)

and effective information systems to support college goals

24 Assist basic skills

students in transition into

occupational programs

(OBF45)

(OBF7)

34 Increase dual enrollment options for high school students OBD10)

53 Increase alternative revenue

Key Results

11 Programs participating in the program improvement reporting process (HLC 4)

11 Non-academic departments participating in department improvement reporting process (HLC 5)

12 Number of academic programs reporting assessment data (HLC 4) (OBF 3)

Key Results

21 Course success by delivery method (HLC 3)

21 Graduation rates (HLC 4C)

22Credits awarded for prior learning (OBF 10)

23 Transfer rates of Associate Degree students

24 Developmental education transition into programs (OBF 4 5)

Key Results

31 Job related placement (HLC 1)

31 College FTEs (OBF 8)

32 Career Pathways (OBF 2 3)

33 Business amp Industry credits and FTEs (OBF 7)

34 High school dual enrollments (OBF 6)

Key Results

41 Staff participation in leadership development programs

42 Student and staff diversity (HLC 1) (OBF 9)

42 PACE survey results (HLC 2)

43 Employee turnover

Key Results

51 Depreciation Ratio

51 Operational Reserves

52 IT Satisfaction Survey results

53 Grant Revenue

5-30-2019

5

Higher Learning Commission Accreditation

The Higher Learning Commission is one of six regional accrediting bodies recognized by the US Department of Education and maintaining regional accreditation is necessary for Chippewa Valley students to be eligible for federal financial aid In October 2015 Chippewa Valley Technical College underwent a Comprehensive Quality Review in which a team of peer reviewers visited the college to validate information the college provided in comprehensive accreditation reports by reviewing supporting documents and talking to students staff and community members

Based on the visiting teamrsquos recommendation Chippewa Valleyrsquos accreditation has been reaffirmed through 2025-26 The college received many commendations from the team as well as suggestions for improvement Following the Comprehensive Quality Review Chippewa Valley began the process of addressing Higher Learning Commission feedback as part of its continuous quality improvement efforts

In May 2016 Chippewa Valley was accepted into the Higher Learning Commissionrsquos Persistence and Completion Academy The Academy is a four-year initiative to build institutional capacity for the improvement of student persistence and completion The Academy offers a guided program to advise institutions on defining tracking and analyzing data on student success establishing clear goals and strategies for student population groups and implementing those goals A team of Chippewa Valley staff and faculty participate in the Academy to learn new techniques for researching and comparing emerging methods of evaluation and improvement as well as how to collect and analyze data to identify patterns that lead to data-informed decisions

In July 2020 the college will prepare and submit its regular four-year Assurance Review The Assurance Review is a comprehensive review wherein the institution provides evidence that it continues to meet the Criteria for Accreditation A team of peer reviewers will evaluate Chippewa Valleyrsquos Assurance Filing (comprised of an Assurance Argument and Evidence File) and make a recommendation to the HLC for continued accreditation The Assurance Review process does not include a site visit

6

BUDGET PROCESS Fiscal Year 2019-20

The Chippewa Valley Technical College budget is adopted for the year beginning July 1st ending June 30th The budget allocates financial resources for ongoing programs courses and services as well as for strategic initiatives Budgeting is done in accordance with Chapter 65 of Wisconsin Statutes Wisconsin Technical College System administrative rules and submitted to the System Office by July 1 Expenditures much be accommodated within the authorized tax levy and other funding resources

The CVTC budget is created to support the 11 county geographic district in west central Wisconsin This district includes 204 municipalities 34 public schools and an estimated population of 315416 To service the districtrsquos 5500 square miles CVTC operates campuses in four cities and provides offerings at approximately 33 locations

The budgeting process is an integral step in implementing the Collegersquos strategic initiatives Each department develops a budget based on the instructional and operational goals for the year Budgets are reviewed by the Budget Manager and consolidated for further review by the Finance Director Vice Presidents and President for alignment with the strategic initiatives and overall goals of the College

During the months of February through May the Presidentrsquos Cabinet and College Board of Trustees review and assess various elements of the budget including historical trends current projections and major budget assumptions At its May meeting the Board authorizes the publishing of a legal notice to hold a public hearing prior to adoption of the consolidated budget

The Board of Trustees completed their review of the budget in May of 2019 and the public hearing on the proposed budget was held on June 27 2019 Final adoption of the budget occurred at the regular District Board Meeting on June 27 2019

The tax rates shown in this document are actual rates from October 1 2018 On or near October 1 2019 the Wisconsin Department of Revenue will provide new actual valuations at which time the Board will set its final mill rate

7

Budget Planning Assumptions

Financial projections are developed initially during the budget planning process and continue to be updated through budget development

Property Values Property values are expected to increase 4 from the level in 2018-19

Full-Time Equivalent Students (FTE) FTEs for 2019-20 are expected to be 4510 which is an increase of 222 above the projected 2018-19 estimate

Health Insurance The health insurance premium is expected to remain flat due to a stable claims experience

General State Aids Revenues from general state aids are expected to increase due to the Joint Finance Committee increasing General Aid in the forthcoming budget

State Grants WTCS State incentive grant revenues are expected to increase from 2018-19 due to increased awards

Student Fees Tuition rates will increase 171 over 2018-19

Institutional Revenue Institutional revenue is expected to increase due to an increase in contract revenue and High School Academies

Federal Grants Federal revenue is expected to increase due to the new multi-year Department of Education grant and an additional NSF grant

Fund Balance Based on the 2019-20 budget projections the General Fund balance will remain within the guidelines established by the CVTC Board

8

CHIPPEWA VALLEY TECHNICAL COLLEGE Position Summary - FTE Basis

Special

Actual Y-T-D Budget General Revenue Proprietary Fiduciary Total

Category 2017-18 2018-19 2019-20 Fund Fund Fund Fund 2019-20

Administrators

Supervisors 5500 5100 5000 4695 118 187 000 5000

Teachers 22900 22200 22700 20913 1787 22700

Specialists 000 000 000 000 000 000

Other Staff 21800 22100 21200 16174 3073 1953 000 21200

Total 50200 49400 48900 41782 4978 2140 000 48900

This schedule does not include the adjunct instructors for noncredit courses temporary staff students or the

limited-term project employees

9

FINANCIAL DATA

REVENUES

The following sources are used to classify the districtrsquos revenue

Local Government Revenue of the district that is derived from taxes levied on the

equalized property value within a district

State Aids Funds made available by the legislature for distribution to the district based

on a statutory formula of distribution and on competitive categorical appropriations

Program Fees Fees paid by students and set by the Wisconsin Technical College

System Board for tuition

Material Fees Fees paid by the students to cover the cost of instructional materials

used by the student or instructor in the classroom

Other Student Fees Fees paid by students to cover the cost of graduation transcripts

applications student activities registration testing and student projects

Institutional Revenue Revenue of the district that is derived from interest income

contracted services sales and rental income

Federal Revenue Revenue provided by the federal government often of a cost-

reimbursement nature Expenditures made with this revenue are identifiable as

federally supported expenditures

10

EXPENDITURES

The following functions are used to classify the districtrsquos expenditures

Instruction This function includes teaching academic administration (including clerical

support) and other activities related directly to the teaching of students guiding

students in the educational program and the coordination and improvement of teaching

Instructional Resources This function includes all learning resource activities such as

the library audiovisual learning resources center instructional media center

instructional resources administration and clerical support

Student Services This function includes those non-instructional services provided for

the student body such as student recruitment student services administration and

clerical support admissions registration counseling (including testing and evaluation)

financial aids placement and follow-up

General Institutional This function includes all services benefiting the entire district

exclusive of those chargeable directly to other functional categories The district board

presidentrsquos office business office data processing human resources public

communications and general supporting administrative offices are included in this

function

Physical Plant This function includes all services required for the operation and

maintenance of the districtrsquos physical facilities Principal and interest on long-term

obligations are included under this function as are the general utilitiesmdashheat light and

power

Auxiliary Services This function includes commercial type activities Examples include

bookstore duplicating auto parts dental clinic and parking

11

FUND EQUITY

The following reserves and designations are used to classify the districtrsquos fund equity

Retained Earnings Represents that portion of the fund equity which has been

accumulated from the operation of the Enterprise or Internal Service Funds

Reserve for Student Organizations Fund balance held in trust for student

organizations

Reserve for Student Financial Assistance Fund balance held in trust for student

financial assistance

Reserve for Capital Projects Segregation of a portion of the fund balance which is

exclusively and specifically for the acquisition and improvement of sites and for the

acquisition construction equipping and renovation of buildings

Reserve for Debt Service Segregation of the fund equity for Debt Service Fund

resources legally restricted to the payment of general long-term debt principal and

interest

Designated for Operations Portion of the unreserved fund balance which is designated

to be used to provide for normal fluctuations in operating cash balances

Designated for Subsequent Years Portion of the unreserved fund balance which is

designated to fund operations subsequent to the forthcoming budget year

12

CHIPPEWA VALLEY TECHNICAL COLLEGE Notice of Public Hearing

July 1 2019 - June 30 2020

A public hearing on the proposed fiscal year 2019-2020 budget for the Chippewa Valley Technical

College will be held on June 27 2019 at 530 pm in the

RCU Community Center (100A) 620 West Clairemont Avenue Eau Claire WI

The detailed budget is available for public inspection at the Administrative Office (100)

620 West Clairemont Avenue Eau Claire WI Monday through Friday between the hours of 8 am and 4 pm

PROPERTY TAX AND EXPENDITURE HISTORY

Fiscal Equalized Mill Rates Total Percent

Year Valuation Operations(2) Debt Service Mill Rate Inc(Dec)

2015-16 21767542539 057396 031239 088635 (124)

2016-17 22604603466 057695 030082 087777 (097)

2017-18 23603071573 057510 028810 08632 (166)

2018-19 24723807042 057142 027504 084646 (194)

2019-20 (1) 25712759324 057163 026446 083609 (123)

Tax on a

Fiscal Total Percent Property Percent $100000

Year(2) Expenditures Inc(Dec) Tax Levy Inc(Dec) House

2015-16 91154700 (597) $19293590 271 $8864

2016-17 91858240 077 $19841626 284 $8778

2017-18 92682472 090 $20374010 268 $8632

2018-19 90020942 (287) $20927687 272 $8465

2019-20 91364637 149 $21498196 273 $8361

BUDGETFUND BALANCE SUMMARY-ALL FUNDS

Special Special

Revenue Revenue Capital Debt

Fund - Fund - Projects Service Proprietary

General Fund Operational Nonaidable Fund Fund Fund Total

Tax Levy $13548196 $1100000 $50000 $0 $6800000 $0 $21498196

Other Budgeted Revenues $42172728 $6072064 $8324117 $1343641 $91523 $5091938 $63096011

Subtotal $55720924 $7172064 $8374117 $1343641 $6891523 $5091938 $84594207

Budgeted expenditures $55570924 $7103832 $8372779 $8483641 $6891523 $4941938 $91364637

Excess of Revenues

over Expenditures $150000 $68232 $1338 ($7140000) $0 $150000 ($6770430)

Residual Equity Transfers $0 $0 $0 $0 $0 $0 $0

Operating Transfers $150000 $0 $0 $0 $0 ($150000) $0

Proceeds from Debt $0 $0 $0 $5340000 $0 $0 $5340000

Est Fund Balance 70119 $11751022 $13707 $586893 $2294112 $698876 $591584 $15936195

Est Fund Balance 63020 $12051022 $81939 $588231 $494112 $698876 $591584 $14505765

(1) Equalized Valuation is projected to increase 4 in fiscal year 2020

(2) Fiscal years 2016 - 2018 represent actual amounts 2019 is projected and 2020 is the proposed budget

13

CHIPPEWA VALLEY TECHNICAL COLLEGE

Notice of Public Hearing

Budget Summary-General Fund

Fiscal Year 2019-20

2017-18

Actual(3)

2018-19

Budget

2018-19

Estimated(4)

2019-20

Budget

REVENUES

Local Government

State Aids

Program Fees

Material Fees

Other Student Fees

Institutional

Federal

Total Revenues

12494617

23739291

13960524

806183

810729

688257

26305

52525906

12950299

23572299

14592469

810000

868000

831300

25000

53649367

12977687

23888599

13843474

810000

1000930

854345

25000

53400035

13548196

24516532

14111000

810000

1000000

1710196

25000

55720924

EXPENDITURES

Instruction

Instructional Resources

Student Services

General Institutional

Physical Plant

Total Expenditures

Net Revenue (Expenditures)

33234478

710414

3914411

11525057

4416944

53801304

(1275398)

34241590

745496

3966049

11559155

4726168

55238458

(1589091)

34238420

701460

3960218

11534194

4711677

55145968

(1745933)

35493393

721556

4041103

10559765

4755107

55570924

150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

0

(1275398)

540224

0

(1048867)

540224

0

(1205709)

0

150000

300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations

Designated for

Subsequent Years

Total Transfers To (From)

Fund Balance

Beginning Fund Balance

Ending Fund Balance

EXPENDITURES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Expenditures by Fund

0

(1275398)

(1275398)

14232129

12956731

53801304

11107458

9177185

10734560

6905092

3388856

1062274

96176729

0

(1048867)

(1048867)

12956731

11907864

55238458

6408288

9405969

8704215

6880746

3567020

1120000

91324696

0

(1205709)

(1205709)

12956731

11751022

55145968

5706000

9159434

8688000

6831540

3450000

1040000

90020942

0

300000

300000

11751022

12051022

55570924

7103832

8372779

8483641

6891523

3831938

1110000

91364637

Change (5)

in Budget

060

1085

-1098

-253

016

743

-089

004

REVENUES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Revenues by Fund

52525906

11037229

9214918

1608261

7013073

3277033

1095402

85771822

53649367

6439486

9623589

312215

6880746

3578528

1120000

81603931

53400035

5658503

8989226

1220692

6850000

3329380

1047959

80495795

55720924

7172064

8374117

1343641

6891523

3981938

1110000

84594207

386

1138

-1298

33036

016

1127

-089

366

(3) Actual is presented on a budgetary basis

(4) Estimate is based upon 10 months of actual and 2 months of estimate

(5) (2019-20 budget - 2018-19 budget) 2018-19 budget

14

GENERAL FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 12494617 12950299 12977687 13548196

State - Property Tax Relief Aid 18322299 18322299 18322299 18322299

State Aids 5416992 5250000 5566300 6194233

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 810729 868000 1000930 1000000

Institutional 688257 831300 854345 1710196

Federal 26305 25000 25000 25000

Total Revenues 52525906 53649367 53400035 55720924

EXPENDITURES

Instruction 33234478 34241590 34238420 35493393

Instructional Resources 710414 745496 701460 721556

Student Services 3914411 3966049 3960218 4041103

General Institutional 11525057 11559155 11534194 10559765

Physical Plant 4416944 4726168 4711677 4755107

Total Expenditures 53801304 55238458 55145968 55570924

Net Revenue (Expenditures) (1275398) (1589091) (1745933) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 540224 540224 0

Operating Transfer In (Out) 0 0 0 150000

Total Resources (Uses) (1275398) (1048867) (1205709) 300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1275398) (1048867) (1205709) 300000

Total Transfers To (From) Fund Balance (1275398) (1048867) (1205709) 300000

Beginning Fund Balance 14232129 12956731 12956731 11751022

Ending Fund Balance 12956731 11907864 11751022 12051022

Fund Balance of Expenditures 241 216 213 217

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

The General Fund is used to account for all financial activities except those required to be accounted for in

another fund

15

SPECIAL REVENUE FUND-OPERATIONAL

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 1100000 1100000 1100000 1100000

State Aids 2326397 1627983 1427000 2111692

Other Student Fees 148170 220000 100000 844820

Institutional 964305 1060000 600000 0

Federal 6498357 2431503 2431503 3115552

Total Revenues 11037229 6439486 5658503 7172064

EXPENDITURES

Instruction 9390220 4636445 4000000 4700162

Instructional Resources 720 13280 13000 42210

Student Services 1315200 1363314 1300000 2008462

General Institutional 341662 329660 328000 274036

Physical Plant 59656 65589 65000 78962

Auxiliary Services 0 0 0 0

Total Expenditures 11107458 6408288 5706000 7103832

Net Revenue (Expenditures) (70229) 31198 (47497) 68232

OTHER SOURCES (USES)

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) (70229) 31198 (47497) 68232

TRANSFERS TO (FROM) FUND BALANCE

Designated for Operations (70229) 31198 (47497) 68232

Total Transfers To (From) Fund Balance (70229) 31198 (47497) 68232

Beginning Fund Balance 131433 61204 61204 13707

Ending Fund Balance 61204 92402 13707 81939

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Operational are used to account for the proceeds and related financial activity of

specific revenue sources that are legally restricted to specific purposes other than expendable trusts or

major capital projects

16

SPECIAL REVENUE FUND-NONAIDABLE

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Other Student Fees

Institutional

Federal

Total Revenues

2017-18

Actual

50000

826892

553104

7784922

9214918

2018-19

Budget

50000

844820

725519

8003250

9623589

2018-19

Estimate

50000

830000

572000

7537226

8989226

2019-20

Budget

50000

0

248000

8076117

8374117

EXPENDITURES

Instruction

Student Services

General Institutional

Total Expenditures

54777

9122408

0

9177185

95909

9302560

7500

9405969

62500

9094934

2000

9159434

133500

8232279

7000

8372779

Net Revenue (Expenditures) 37733 217620 (170208) 1338

OTHER SOURCES (USES)

Operating Transfer In (Out)

Total Resources (Uses)

(408000)

(370267)

(600000)

(382380)

(600000)

(770208)

0

1338

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Student Organizations

Reserve for Student Finl Assistance

Total Transfers To (From) Fund Balance

(370267)

0

(370267)

(382380)

0

(382380)

(770208)

0

(770208)

1338

0

1338

Beginning Fund Balance

Ending Fund Balance

1727368

1357101

1357101

974721

1357101

586893

586893

588231

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Nonaidable are used to account for assets held by a district as an agent for

individuals private organizations other governmental units or other funds

17

CAPITAL PROJECTS FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

State Aids 390544 99215 112083 111055

Institutional 542114 170000 1041198 600000

Federal 675603 43000 67411 632586

Total Revenues 1608261 312215 1220692 1343641

EXPENDITURES

Instruction 3147428 2252723 2250000 2483641

Instructional Resources 680058 642000 640000 425000

Student Services 6748 10000 8000 10000

General Institutional 1381491 1508000 1500000 1575000

Physical Plant 5480785 4291492 4290000 3990000

Auxiliary Services 38050 0 0 0

Total Expenditures 10734560 8704215 8688000 8483641

Net Revenue (Expenditures) (9126299) (8392000) (7467308) (7140000)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Operating Transfer In (Out) 400000 600000 600000 0

Total Resources (Uses) 5673701 108000 (3867308) (1800000)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Total Transfers To (From) Fund Balance 5673701 108000 (3867308) (1800000)

Beginning Fund Balance 487719 6161420 6161420 2294112

Ending Fund Balance 6161420 6269420 2294112 494112

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Capital Projects Funds are used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisition construction equipping and remodeling

of buildings

18

DEBT SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Institutional

Total Revenues

2017-18

Actual

6800000

213073

7013073

2018-19

Budget

6800000

80746

6880746

2018-19

Estimate

6800000

50000

6850000

2019-20

Budget

6800000

91523

6891523

EXPENDITURES

Physical Plant

Total Expenditures

6905092

6905092

6880746

6880746

6831540

6831540

6891523

6891523

Net Revenue (Expenditures) 107981 0 18460 0

OTHER SOURCES (USES)

Proceeds from Debt

Operating Transfer In (Out)

Total Resources (Uses)

0

0

107981

0

0

0

0

0

18460

0

0

0

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Debt Service

Total Transfers To (From) Fund Balance

107981

107981

0

0

18460

18460

0

0

Beginning Fund Balance

Ending Fund Balance

572435

680416

680416

680416

680416

698876

698876

698876

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Debt Service Funds are used to account for the accumulation of resources for and the payment of general

long-term debt and long-term lease purchase principal and interest

19

ENTERPRISE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

State Aids

Institutional

Total Revenues

2017-18

Actual

141280

3135753

3277033

2018-19

Budget

136380

3442148

3578528

2018-19

Estimate

136380

3193000

3329380

2019-20

Budget

136380

3845558

3981938

EXPENDITURES

Auxiliary Services

Total Expenditures

3388856

3388856

3567020

3567020

3450000

3450000

3831938

3831938

Net Revenue (Expenditures) (111823) 11508 (120620) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

8000

(103823)

(540224)

0

(528716)

(540224)

0

(660844)

0

(150000)

0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings

Total Transfers To (From) Fund Balance

(103823)

(103823)

(528716)

(528716)

(660844)

(660844)

0

0

Beginning Fund Balance

Ending Fund Balance

1252420

1148597

1148597

619881

1148597

487753

487753

487753

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Enterprise Funds are used to account for operations where the costs of providing goods or services to the

student body faculty and staff or the general public are financed primarily through user fees

20

INTERNAL SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Institutional 1095402 1120000 1047959 1110000

Total Revenues 1095402 1120000 1047959 1110000

EXPENDITURES

Auxiliary Services 1062274 1120000 1040000 1110000

Total Expenditures 1062274 1120000 1040000 1110000

Net Revenue (Expenditures) 33128 0 7959 0

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 33128 0 7959 0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings 33128 0 7959 0

Total Transfers To (From) Fund Balance 33128 0 7959 0

Beginning Fund Balance 62744 95872 95872 103831

Ending Fund Balance 95872 95872 103831 103831

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Internal Service Funds are used to account for the financing and related financial activity of goods and services

provided by one department to other departments of the district on a cost-reimbursement basis

21

BUDGETED EXPENDITURES BY OBJECT LEVEL

2019-20 BUDGET YEAR

Personnel Expenses

Salaries and Wages

Fringe Benefits

34944350

16142147

$51086497

Current Expenses 24902976

Capital Outlay 8483641

Debt Service 6891523

Total Budgeted Expenditures $91364637

Includes all funds

DEFINITIONS

Personnel Expenses Payroll expenditures which include wages health and dental insurance long-term

disability group life insurance retirement and social security contributions

Current Expenses Expenditures incurred during the fiscal year in progress--examples are supplies repairs

postage consulting services media services utilities and insurances

Capital Outlay Expenditures which result in the acquisition of fixed assets having a life of two or more

years and a cost greater than $5000 It is an expenditure for land buildings improvements to buildings

remodeling and major equipment

Debt Service Interest and principal payments made against the outstanding long-term debt of bonds

and notes payable and installment purchases

22

Combined Budget Summary

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 20444617 20900299 20927687 21498196

State Aids 26597512 25435877 25564062 26875659

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 1785791 1932820 1930930 1844820

Institutional 7192008 7429713 7358502 7605277

Federal 14985187 10502753 10061140 11849255

Total Revenues 85771822 81603931 80495795 84594207

EXPENDITURES

Instruction 45826903 41226667 40550920 42810696

Instructional Resources 1391192 1400776 1354460 1188766

Student Services 14358767 14641923 14363152 14291844

General Institutional 13248210 13404315 13364194 12415801

Physical Plant 16862477 15963995 15898217 15715592

Auxiliary Services 4489180 4687020 4490000 4941938

Total Expenditures 96176729 91324696 90020942 91364637

Net Revenue (Expenditures) (10404907) (9720765) (9525146) (6770430)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 3995093 (1820765) (6525146) (1430430)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Reserve for Debt Service 107981 0 18460 0

Retained Earnings (70695) (528716) (652885) 0

Reserve for Student Organizations (370267) (382380) (770208) 1338

Reserve for Student Finl Assistance 0 0 0 0

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1345627) (1017669) (1253206) 368232

Total Transfers To (From) Fund Balance 3995093 (1820765) (6525146) (1430430)

Beginning Fund Balance 18466248 22461341 22461341 15936195

Ending Fund Balance 22461341 20640576 15936195 14505765

EXPENDITURES BY FUND

General 53801304 55238458 55145968 55570924

Special Revenue-Operational 11107458 6408288 5706000 7103832

Special Revenue-Nonaidable 9177185 9405969 9159434 8372779

Capital Projects 10734560 8704215 8688000 8483641

Debt Service 6905092 6880746 6831540 6891523

Enterprise 3388856 3567020 3450000 3831938

Internal Service 1062274 1120000 1040000 1110000

Total Expenditures by Fund 96176729 91324696 90020942 91364637

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

23

PROFORMA BALANCE SHEET June 30 2019

Governmental Fund Category Proprietary Fund Account Group Total

Category

Special Special

Revenue- Revenue- Capital Debt Internal Fixed Long-Term (Memorandum

CURRENT ASSETS General Operational Non-aidable Projects Service Enterprise Service Assets Obligations Only)

Cash and Cash Equivalents $ 4348749 $ 703979 $ 1044775 $ 5013937 $ 475424 $ 145500 $ - $ - $ - $ 11732364

Property Taxes Receivable 6190934 - - - 223452 - - - - 6414386

Accounts Receivable 1829862 1246266 393133 48897 - 474719 35732 - - 4028609

Inventory - - - - - 19353 66607 - - 85960

Prepaid Items 821698 - - - - - - - - 821698

Due From Other Funds 1933131 - 489875 - - - 42914 - - 2465920

Capital Assets Less Depreciation - - - - - 370363 5058 67996797 - 68372218

Amt to be Provided for Debt Service - - - - - - - - 31915000 31915000 Total Assets $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

LIABILITIES

Accounts Payable $ 555324 $ 333053 $ 826199 $ 2768722 $ - $ 108891 $ 8452 $ - $ - $ 4600641

Accrued Payroll 2285239 8722 514691 - - 74923 38028 - - 2921603

Due to Other Funds 532789 1594763 - - - 338368 - - - 2465920

Debt Service Payable - - - - - - - - 31915000 31915000

Total Liabilities $ 3373352 $ 1936538 $ 1340890 $ 2768722 $ - $ 522182 $ 46480 $ - $ 31915000 $ 41903164

FUND EQUITY

General Fixed Assets $ - $ - $ - $ - $ - $ - $ - $67996797 $ - $ 67996797

Retained Earnings - - - - - 487753 103831 - - 591584

Fund Balance - - - - - - - - - -

Reserve for Student Organizations - - - - - - - - - -

Reserve for Std Finl Assistance - - 27992 - - - - - - 27992

Reserve for Capital Projects - - - 2294112 - - - - - 2294112

Reserve for Debt Service - - - - 698876 - - - - 698876

Unreserved - - - - - - - - - -

Designated for Operations 11751022 13707 558901 - - - - - - 12323630

Total Fund Equity $ 11751022 $ 13707 $ 586893 $ 2294112 $ 698876 $ 487753 $ 103831 $67996797 $ - $ 83932991 Total Liability amp Fund Equity $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

24

CAPITAL PROJECTS LISTING

2019-20

Description Amount

Remodeling Campuses 3500000

Instructional Equipment used in Programs 2483641

Administrative Computer SoftwareHardware 846250

Instructional Computer SoftwareHardware 528750

Multimedia Classrooms 425000

Administrative Equipment 210000

Equipment for Physical Plant 190000

Office and Classroom Furniture 300000

$ 8483641

25

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

Strategic Goals 2020-2022

Goal 1 Goal 2 Goal 3 Goal 4 Goal 5

Quality Student Success Community amp Cohesive Culture College Ensure continuous quality Improve student success Stakeholder Develop a culture that Resources improvement in all college through innovative Alignment enhances efficiency Build financial

programs and services student centered strategies and quality

Align programs and courses with community

effectiveness and professional growth for

strength through effective resource

HLC Criterion 4 A Practice of regular program review

instruction and stakeholder needs employees stewardship

HLC Criterion 5 D Systematically improve performance of operations HLC Criterion 4 B Ongoing

HLC Criterion 3 D Support for student learning amp effective teaching HLC Criterion 4 C

HLC Criterion 1 D Responds to constituencies amp communities of interest

HLC Criterion 1 C Role in multicultural society amp human diversity HLC Criterion 2 Integrity

HLC Criterion 5 Resources Planning and Institutional Effectivenss

assessment of student Commitment to educational Ethical and Responsible learning improvement Conduct

Outcomes Outcomes Outcomes Outcomes Outcomes

11 Expand continuous 21 Increase student 31 Increase college 41 Promote employee 51 Maintain updated quality improvement in persistence to degree enrollments and FTEs leadership development equipment and facilities academic and non-academic completion (HLC 3) (OBD8) to foster authentic departments and services

42 Support college diversity learning environments

(HLC 4) (HLC 5) 22 Increase number of credits students obtain

32 Expand career pathways with embedded and

through recruitment and programming

with cutting edge technology

12 Expand technical skills through prior learning stackable credentials that (HLC 1) (OBF 9)

attainment and assessment assessment (OBF10) align with high demand jobs 52 Maintain efficient

of student learning to all academic programs (OBF3) (HLC 4)

23 Increase Associate degree program transfer rates (HLC 4C)

(OBF2)

33 Increase Business and Industry credit offerings

43 Promote a climate of inclusion and satisfaction for faculty and staff (HLC 2)

and effective information systems to support college goals

24 Assist basic skills

students in transition into

occupational programs

(OBF45)

(OBF7)

34 Increase dual enrollment options for high school students OBD10)

53 Increase alternative revenue

Key Results

11 Programs participating in the program improvement reporting process (HLC 4)

11 Non-academic departments participating in department improvement reporting process (HLC 5)

12 Number of academic programs reporting assessment data (HLC 4) (OBF 3)

Key Results

21 Course success by delivery method (HLC 3)

21 Graduation rates (HLC 4C)

22Credits awarded for prior learning (OBF 10)

23 Transfer rates of Associate Degree students

24 Developmental education transition into programs (OBF 4 5)

Key Results

31 Job related placement (HLC 1)

31 College FTEs (OBF 8)

32 Career Pathways (OBF 2 3)

33 Business amp Industry credits and FTEs (OBF 7)

34 High school dual enrollments (OBF 6)

Key Results

41 Staff participation in leadership development programs

42 Student and staff diversity (HLC 1) (OBF 9)

42 PACE survey results (HLC 2)

43 Employee turnover

Key Results

51 Depreciation Ratio

51 Operational Reserves

52 IT Satisfaction Survey results

53 Grant Revenue

5-30-2019

5

Higher Learning Commission Accreditation

The Higher Learning Commission is one of six regional accrediting bodies recognized by the US Department of Education and maintaining regional accreditation is necessary for Chippewa Valley students to be eligible for federal financial aid In October 2015 Chippewa Valley Technical College underwent a Comprehensive Quality Review in which a team of peer reviewers visited the college to validate information the college provided in comprehensive accreditation reports by reviewing supporting documents and talking to students staff and community members

Based on the visiting teamrsquos recommendation Chippewa Valleyrsquos accreditation has been reaffirmed through 2025-26 The college received many commendations from the team as well as suggestions for improvement Following the Comprehensive Quality Review Chippewa Valley began the process of addressing Higher Learning Commission feedback as part of its continuous quality improvement efforts

In May 2016 Chippewa Valley was accepted into the Higher Learning Commissionrsquos Persistence and Completion Academy The Academy is a four-year initiative to build institutional capacity for the improvement of student persistence and completion The Academy offers a guided program to advise institutions on defining tracking and analyzing data on student success establishing clear goals and strategies for student population groups and implementing those goals A team of Chippewa Valley staff and faculty participate in the Academy to learn new techniques for researching and comparing emerging methods of evaluation and improvement as well as how to collect and analyze data to identify patterns that lead to data-informed decisions

In July 2020 the college will prepare and submit its regular four-year Assurance Review The Assurance Review is a comprehensive review wherein the institution provides evidence that it continues to meet the Criteria for Accreditation A team of peer reviewers will evaluate Chippewa Valleyrsquos Assurance Filing (comprised of an Assurance Argument and Evidence File) and make a recommendation to the HLC for continued accreditation The Assurance Review process does not include a site visit

6

BUDGET PROCESS Fiscal Year 2019-20

The Chippewa Valley Technical College budget is adopted for the year beginning July 1st ending June 30th The budget allocates financial resources for ongoing programs courses and services as well as for strategic initiatives Budgeting is done in accordance with Chapter 65 of Wisconsin Statutes Wisconsin Technical College System administrative rules and submitted to the System Office by July 1 Expenditures much be accommodated within the authorized tax levy and other funding resources

The CVTC budget is created to support the 11 county geographic district in west central Wisconsin This district includes 204 municipalities 34 public schools and an estimated population of 315416 To service the districtrsquos 5500 square miles CVTC operates campuses in four cities and provides offerings at approximately 33 locations

The budgeting process is an integral step in implementing the Collegersquos strategic initiatives Each department develops a budget based on the instructional and operational goals for the year Budgets are reviewed by the Budget Manager and consolidated for further review by the Finance Director Vice Presidents and President for alignment with the strategic initiatives and overall goals of the College

During the months of February through May the Presidentrsquos Cabinet and College Board of Trustees review and assess various elements of the budget including historical trends current projections and major budget assumptions At its May meeting the Board authorizes the publishing of a legal notice to hold a public hearing prior to adoption of the consolidated budget

The Board of Trustees completed their review of the budget in May of 2019 and the public hearing on the proposed budget was held on June 27 2019 Final adoption of the budget occurred at the regular District Board Meeting on June 27 2019

The tax rates shown in this document are actual rates from October 1 2018 On or near October 1 2019 the Wisconsin Department of Revenue will provide new actual valuations at which time the Board will set its final mill rate

7

Budget Planning Assumptions

Financial projections are developed initially during the budget planning process and continue to be updated through budget development

Property Values Property values are expected to increase 4 from the level in 2018-19

Full-Time Equivalent Students (FTE) FTEs for 2019-20 are expected to be 4510 which is an increase of 222 above the projected 2018-19 estimate

Health Insurance The health insurance premium is expected to remain flat due to a stable claims experience

General State Aids Revenues from general state aids are expected to increase due to the Joint Finance Committee increasing General Aid in the forthcoming budget

State Grants WTCS State incentive grant revenues are expected to increase from 2018-19 due to increased awards

Student Fees Tuition rates will increase 171 over 2018-19

Institutional Revenue Institutional revenue is expected to increase due to an increase in contract revenue and High School Academies

Federal Grants Federal revenue is expected to increase due to the new multi-year Department of Education grant and an additional NSF grant

Fund Balance Based on the 2019-20 budget projections the General Fund balance will remain within the guidelines established by the CVTC Board

8

CHIPPEWA VALLEY TECHNICAL COLLEGE Position Summary - FTE Basis

Special

Actual Y-T-D Budget General Revenue Proprietary Fiduciary Total

Category 2017-18 2018-19 2019-20 Fund Fund Fund Fund 2019-20

Administrators

Supervisors 5500 5100 5000 4695 118 187 000 5000

Teachers 22900 22200 22700 20913 1787 22700

Specialists 000 000 000 000 000 000

Other Staff 21800 22100 21200 16174 3073 1953 000 21200

Total 50200 49400 48900 41782 4978 2140 000 48900

This schedule does not include the adjunct instructors for noncredit courses temporary staff students or the

limited-term project employees

9

FINANCIAL DATA

REVENUES

The following sources are used to classify the districtrsquos revenue

Local Government Revenue of the district that is derived from taxes levied on the

equalized property value within a district

State Aids Funds made available by the legislature for distribution to the district based

on a statutory formula of distribution and on competitive categorical appropriations

Program Fees Fees paid by students and set by the Wisconsin Technical College

System Board for tuition

Material Fees Fees paid by the students to cover the cost of instructional materials

used by the student or instructor in the classroom

Other Student Fees Fees paid by students to cover the cost of graduation transcripts

applications student activities registration testing and student projects

Institutional Revenue Revenue of the district that is derived from interest income

contracted services sales and rental income

Federal Revenue Revenue provided by the federal government often of a cost-

reimbursement nature Expenditures made with this revenue are identifiable as

federally supported expenditures

10

EXPENDITURES

The following functions are used to classify the districtrsquos expenditures

Instruction This function includes teaching academic administration (including clerical

support) and other activities related directly to the teaching of students guiding

students in the educational program and the coordination and improvement of teaching

Instructional Resources This function includes all learning resource activities such as

the library audiovisual learning resources center instructional media center

instructional resources administration and clerical support

Student Services This function includes those non-instructional services provided for

the student body such as student recruitment student services administration and

clerical support admissions registration counseling (including testing and evaluation)

financial aids placement and follow-up

General Institutional This function includes all services benefiting the entire district

exclusive of those chargeable directly to other functional categories The district board

presidentrsquos office business office data processing human resources public

communications and general supporting administrative offices are included in this

function

Physical Plant This function includes all services required for the operation and

maintenance of the districtrsquos physical facilities Principal and interest on long-term

obligations are included under this function as are the general utilitiesmdashheat light and

power

Auxiliary Services This function includes commercial type activities Examples include

bookstore duplicating auto parts dental clinic and parking

11

FUND EQUITY

The following reserves and designations are used to classify the districtrsquos fund equity

Retained Earnings Represents that portion of the fund equity which has been

accumulated from the operation of the Enterprise or Internal Service Funds

Reserve for Student Organizations Fund balance held in trust for student

organizations

Reserve for Student Financial Assistance Fund balance held in trust for student

financial assistance

Reserve for Capital Projects Segregation of a portion of the fund balance which is

exclusively and specifically for the acquisition and improvement of sites and for the

acquisition construction equipping and renovation of buildings

Reserve for Debt Service Segregation of the fund equity for Debt Service Fund

resources legally restricted to the payment of general long-term debt principal and

interest

Designated for Operations Portion of the unreserved fund balance which is designated

to be used to provide for normal fluctuations in operating cash balances

Designated for Subsequent Years Portion of the unreserved fund balance which is

designated to fund operations subsequent to the forthcoming budget year

12

CHIPPEWA VALLEY TECHNICAL COLLEGE Notice of Public Hearing

July 1 2019 - June 30 2020

A public hearing on the proposed fiscal year 2019-2020 budget for the Chippewa Valley Technical

College will be held on June 27 2019 at 530 pm in the

RCU Community Center (100A) 620 West Clairemont Avenue Eau Claire WI

The detailed budget is available for public inspection at the Administrative Office (100)

620 West Clairemont Avenue Eau Claire WI Monday through Friday between the hours of 8 am and 4 pm

PROPERTY TAX AND EXPENDITURE HISTORY

Fiscal Equalized Mill Rates Total Percent

Year Valuation Operations(2) Debt Service Mill Rate Inc(Dec)

2015-16 21767542539 057396 031239 088635 (124)

2016-17 22604603466 057695 030082 087777 (097)

2017-18 23603071573 057510 028810 08632 (166)

2018-19 24723807042 057142 027504 084646 (194)

2019-20 (1) 25712759324 057163 026446 083609 (123)

Tax on a

Fiscal Total Percent Property Percent $100000

Year(2) Expenditures Inc(Dec) Tax Levy Inc(Dec) House

2015-16 91154700 (597) $19293590 271 $8864

2016-17 91858240 077 $19841626 284 $8778

2017-18 92682472 090 $20374010 268 $8632

2018-19 90020942 (287) $20927687 272 $8465

2019-20 91364637 149 $21498196 273 $8361

BUDGETFUND BALANCE SUMMARY-ALL FUNDS

Special Special

Revenue Revenue Capital Debt

Fund - Fund - Projects Service Proprietary

General Fund Operational Nonaidable Fund Fund Fund Total

Tax Levy $13548196 $1100000 $50000 $0 $6800000 $0 $21498196

Other Budgeted Revenues $42172728 $6072064 $8324117 $1343641 $91523 $5091938 $63096011

Subtotal $55720924 $7172064 $8374117 $1343641 $6891523 $5091938 $84594207

Budgeted expenditures $55570924 $7103832 $8372779 $8483641 $6891523 $4941938 $91364637

Excess of Revenues

over Expenditures $150000 $68232 $1338 ($7140000) $0 $150000 ($6770430)

Residual Equity Transfers $0 $0 $0 $0 $0 $0 $0

Operating Transfers $150000 $0 $0 $0 $0 ($150000) $0

Proceeds from Debt $0 $0 $0 $5340000 $0 $0 $5340000

Est Fund Balance 70119 $11751022 $13707 $586893 $2294112 $698876 $591584 $15936195

Est Fund Balance 63020 $12051022 $81939 $588231 $494112 $698876 $591584 $14505765

(1) Equalized Valuation is projected to increase 4 in fiscal year 2020

(2) Fiscal years 2016 - 2018 represent actual amounts 2019 is projected and 2020 is the proposed budget

13

CHIPPEWA VALLEY TECHNICAL COLLEGE

Notice of Public Hearing

Budget Summary-General Fund

Fiscal Year 2019-20

2017-18

Actual(3)

2018-19

Budget

2018-19

Estimated(4)

2019-20

Budget

REVENUES

Local Government

State Aids

Program Fees

Material Fees

Other Student Fees

Institutional

Federal

Total Revenues

12494617

23739291

13960524

806183

810729

688257

26305

52525906

12950299

23572299

14592469

810000

868000

831300

25000

53649367

12977687

23888599

13843474

810000

1000930

854345

25000

53400035

13548196

24516532

14111000

810000

1000000

1710196

25000

55720924

EXPENDITURES

Instruction

Instructional Resources

Student Services

General Institutional

Physical Plant

Total Expenditures

Net Revenue (Expenditures)

33234478

710414

3914411

11525057

4416944

53801304

(1275398)

34241590

745496

3966049

11559155

4726168

55238458

(1589091)

34238420

701460

3960218

11534194

4711677

55145968

(1745933)

35493393

721556

4041103

10559765

4755107

55570924

150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

0

(1275398)

540224

0

(1048867)

540224

0

(1205709)

0

150000

300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations

Designated for

Subsequent Years

Total Transfers To (From)

Fund Balance

Beginning Fund Balance

Ending Fund Balance

EXPENDITURES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Expenditures by Fund

0

(1275398)

(1275398)

14232129

12956731

53801304

11107458

9177185

10734560

6905092

3388856

1062274

96176729

0

(1048867)

(1048867)

12956731

11907864

55238458

6408288

9405969

8704215

6880746

3567020

1120000

91324696

0

(1205709)

(1205709)

12956731

11751022

55145968

5706000

9159434

8688000

6831540

3450000

1040000

90020942

0

300000

300000

11751022

12051022

55570924

7103832

8372779

8483641

6891523

3831938

1110000

91364637

Change (5)

in Budget

060

1085

-1098

-253

016

743

-089

004

REVENUES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Revenues by Fund

52525906

11037229

9214918

1608261

7013073

3277033

1095402

85771822

53649367

6439486

9623589

312215

6880746

3578528

1120000

81603931

53400035

5658503

8989226

1220692

6850000

3329380

1047959

80495795

55720924

7172064

8374117

1343641

6891523

3981938

1110000

84594207

386

1138

-1298

33036

016

1127

-089

366

(3) Actual is presented on a budgetary basis

(4) Estimate is based upon 10 months of actual and 2 months of estimate

(5) (2019-20 budget - 2018-19 budget) 2018-19 budget

14

GENERAL FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 12494617 12950299 12977687 13548196

State - Property Tax Relief Aid 18322299 18322299 18322299 18322299

State Aids 5416992 5250000 5566300 6194233

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 810729 868000 1000930 1000000

Institutional 688257 831300 854345 1710196

Federal 26305 25000 25000 25000

Total Revenues 52525906 53649367 53400035 55720924

EXPENDITURES

Instruction 33234478 34241590 34238420 35493393

Instructional Resources 710414 745496 701460 721556

Student Services 3914411 3966049 3960218 4041103

General Institutional 11525057 11559155 11534194 10559765

Physical Plant 4416944 4726168 4711677 4755107

Total Expenditures 53801304 55238458 55145968 55570924

Net Revenue (Expenditures) (1275398) (1589091) (1745933) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 540224 540224 0

Operating Transfer In (Out) 0 0 0 150000

Total Resources (Uses) (1275398) (1048867) (1205709) 300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1275398) (1048867) (1205709) 300000

Total Transfers To (From) Fund Balance (1275398) (1048867) (1205709) 300000

Beginning Fund Balance 14232129 12956731 12956731 11751022

Ending Fund Balance 12956731 11907864 11751022 12051022

Fund Balance of Expenditures 241 216 213 217

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

The General Fund is used to account for all financial activities except those required to be accounted for in

another fund

15

SPECIAL REVENUE FUND-OPERATIONAL

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 1100000 1100000 1100000 1100000

State Aids 2326397 1627983 1427000 2111692

Other Student Fees 148170 220000 100000 844820

Institutional 964305 1060000 600000 0

Federal 6498357 2431503 2431503 3115552

Total Revenues 11037229 6439486 5658503 7172064

EXPENDITURES

Instruction 9390220 4636445 4000000 4700162

Instructional Resources 720 13280 13000 42210

Student Services 1315200 1363314 1300000 2008462

General Institutional 341662 329660 328000 274036

Physical Plant 59656 65589 65000 78962

Auxiliary Services 0 0 0 0

Total Expenditures 11107458 6408288 5706000 7103832

Net Revenue (Expenditures) (70229) 31198 (47497) 68232

OTHER SOURCES (USES)

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) (70229) 31198 (47497) 68232

TRANSFERS TO (FROM) FUND BALANCE

Designated for Operations (70229) 31198 (47497) 68232

Total Transfers To (From) Fund Balance (70229) 31198 (47497) 68232

Beginning Fund Balance 131433 61204 61204 13707

Ending Fund Balance 61204 92402 13707 81939

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Operational are used to account for the proceeds and related financial activity of

specific revenue sources that are legally restricted to specific purposes other than expendable trusts or

major capital projects

16

SPECIAL REVENUE FUND-NONAIDABLE

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Other Student Fees

Institutional

Federal

Total Revenues

2017-18

Actual

50000

826892

553104

7784922

9214918

2018-19

Budget

50000

844820

725519

8003250

9623589

2018-19

Estimate

50000

830000

572000

7537226

8989226

2019-20

Budget

50000

0

248000

8076117

8374117

EXPENDITURES

Instruction

Student Services

General Institutional

Total Expenditures

54777

9122408

0

9177185

95909

9302560

7500

9405969

62500

9094934

2000

9159434

133500

8232279

7000

8372779

Net Revenue (Expenditures) 37733 217620 (170208) 1338

OTHER SOURCES (USES)

Operating Transfer In (Out)

Total Resources (Uses)

(408000)

(370267)

(600000)

(382380)

(600000)

(770208)

0

1338

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Student Organizations

Reserve for Student Finl Assistance

Total Transfers To (From) Fund Balance

(370267)

0

(370267)

(382380)

0

(382380)

(770208)

0

(770208)

1338

0

1338

Beginning Fund Balance

Ending Fund Balance

1727368

1357101

1357101

974721

1357101

586893

586893

588231

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Nonaidable are used to account for assets held by a district as an agent for

individuals private organizations other governmental units or other funds

17

CAPITAL PROJECTS FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

State Aids 390544 99215 112083 111055

Institutional 542114 170000 1041198 600000

Federal 675603 43000 67411 632586

Total Revenues 1608261 312215 1220692 1343641

EXPENDITURES

Instruction 3147428 2252723 2250000 2483641

Instructional Resources 680058 642000 640000 425000

Student Services 6748 10000 8000 10000

General Institutional 1381491 1508000 1500000 1575000

Physical Plant 5480785 4291492 4290000 3990000

Auxiliary Services 38050 0 0 0

Total Expenditures 10734560 8704215 8688000 8483641

Net Revenue (Expenditures) (9126299) (8392000) (7467308) (7140000)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Operating Transfer In (Out) 400000 600000 600000 0

Total Resources (Uses) 5673701 108000 (3867308) (1800000)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Total Transfers To (From) Fund Balance 5673701 108000 (3867308) (1800000)

Beginning Fund Balance 487719 6161420 6161420 2294112

Ending Fund Balance 6161420 6269420 2294112 494112

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Capital Projects Funds are used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisition construction equipping and remodeling

of buildings

18

DEBT SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Institutional

Total Revenues

2017-18

Actual

6800000

213073

7013073

2018-19

Budget

6800000

80746

6880746

2018-19

Estimate

6800000

50000

6850000

2019-20

Budget

6800000

91523

6891523

EXPENDITURES

Physical Plant

Total Expenditures

6905092

6905092

6880746

6880746

6831540

6831540

6891523

6891523

Net Revenue (Expenditures) 107981 0 18460 0

OTHER SOURCES (USES)

Proceeds from Debt

Operating Transfer In (Out)

Total Resources (Uses)

0

0

107981

0

0

0

0

0

18460

0

0

0

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Debt Service

Total Transfers To (From) Fund Balance

107981

107981

0

0

18460

18460

0

0

Beginning Fund Balance

Ending Fund Balance

572435

680416

680416

680416

680416

698876

698876

698876

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Debt Service Funds are used to account for the accumulation of resources for and the payment of general

long-term debt and long-term lease purchase principal and interest

19

ENTERPRISE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

State Aids

Institutional

Total Revenues

2017-18

Actual

141280

3135753

3277033

2018-19

Budget

136380

3442148

3578528

2018-19

Estimate

136380

3193000

3329380

2019-20

Budget

136380

3845558

3981938

EXPENDITURES

Auxiliary Services

Total Expenditures

3388856

3388856

3567020

3567020

3450000

3450000

3831938

3831938

Net Revenue (Expenditures) (111823) 11508 (120620) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

8000

(103823)

(540224)

0

(528716)

(540224)

0

(660844)

0

(150000)

0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings

Total Transfers To (From) Fund Balance

(103823)

(103823)

(528716)

(528716)

(660844)

(660844)

0

0

Beginning Fund Balance

Ending Fund Balance

1252420

1148597

1148597

619881

1148597

487753

487753

487753

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Enterprise Funds are used to account for operations where the costs of providing goods or services to the

student body faculty and staff or the general public are financed primarily through user fees

20

INTERNAL SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Institutional 1095402 1120000 1047959 1110000

Total Revenues 1095402 1120000 1047959 1110000

EXPENDITURES

Auxiliary Services 1062274 1120000 1040000 1110000

Total Expenditures 1062274 1120000 1040000 1110000

Net Revenue (Expenditures) 33128 0 7959 0

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 33128 0 7959 0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings 33128 0 7959 0

Total Transfers To (From) Fund Balance 33128 0 7959 0

Beginning Fund Balance 62744 95872 95872 103831

Ending Fund Balance 95872 95872 103831 103831

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Internal Service Funds are used to account for the financing and related financial activity of goods and services

provided by one department to other departments of the district on a cost-reimbursement basis

21

BUDGETED EXPENDITURES BY OBJECT LEVEL

2019-20 BUDGET YEAR

Personnel Expenses

Salaries and Wages

Fringe Benefits

34944350

16142147

$51086497

Current Expenses 24902976

Capital Outlay 8483641

Debt Service 6891523

Total Budgeted Expenditures $91364637

Includes all funds

DEFINITIONS

Personnel Expenses Payroll expenditures which include wages health and dental insurance long-term

disability group life insurance retirement and social security contributions

Current Expenses Expenditures incurred during the fiscal year in progress--examples are supplies repairs

postage consulting services media services utilities and insurances

Capital Outlay Expenditures which result in the acquisition of fixed assets having a life of two or more

years and a cost greater than $5000 It is an expenditure for land buildings improvements to buildings

remodeling and major equipment

Debt Service Interest and principal payments made against the outstanding long-term debt of bonds

and notes payable and installment purchases

22

Combined Budget Summary

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 20444617 20900299 20927687 21498196

State Aids 26597512 25435877 25564062 26875659

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 1785791 1932820 1930930 1844820

Institutional 7192008 7429713 7358502 7605277

Federal 14985187 10502753 10061140 11849255

Total Revenues 85771822 81603931 80495795 84594207

EXPENDITURES

Instruction 45826903 41226667 40550920 42810696

Instructional Resources 1391192 1400776 1354460 1188766

Student Services 14358767 14641923 14363152 14291844

General Institutional 13248210 13404315 13364194 12415801

Physical Plant 16862477 15963995 15898217 15715592

Auxiliary Services 4489180 4687020 4490000 4941938

Total Expenditures 96176729 91324696 90020942 91364637

Net Revenue (Expenditures) (10404907) (9720765) (9525146) (6770430)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 3995093 (1820765) (6525146) (1430430)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Reserve for Debt Service 107981 0 18460 0

Retained Earnings (70695) (528716) (652885) 0

Reserve for Student Organizations (370267) (382380) (770208) 1338

Reserve for Student Finl Assistance 0 0 0 0

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1345627) (1017669) (1253206) 368232

Total Transfers To (From) Fund Balance 3995093 (1820765) (6525146) (1430430)

Beginning Fund Balance 18466248 22461341 22461341 15936195

Ending Fund Balance 22461341 20640576 15936195 14505765

EXPENDITURES BY FUND

General 53801304 55238458 55145968 55570924

Special Revenue-Operational 11107458 6408288 5706000 7103832

Special Revenue-Nonaidable 9177185 9405969 9159434 8372779

Capital Projects 10734560 8704215 8688000 8483641

Debt Service 6905092 6880746 6831540 6891523

Enterprise 3388856 3567020 3450000 3831938

Internal Service 1062274 1120000 1040000 1110000

Total Expenditures by Fund 96176729 91324696 90020942 91364637

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

23

PROFORMA BALANCE SHEET June 30 2019

Governmental Fund Category Proprietary Fund Account Group Total

Category

Special Special

Revenue- Revenue- Capital Debt Internal Fixed Long-Term (Memorandum

CURRENT ASSETS General Operational Non-aidable Projects Service Enterprise Service Assets Obligations Only)

Cash and Cash Equivalents $ 4348749 $ 703979 $ 1044775 $ 5013937 $ 475424 $ 145500 $ - $ - $ - $ 11732364

Property Taxes Receivable 6190934 - - - 223452 - - - - 6414386

Accounts Receivable 1829862 1246266 393133 48897 - 474719 35732 - - 4028609

Inventory - - - - - 19353 66607 - - 85960

Prepaid Items 821698 - - - - - - - - 821698

Due From Other Funds 1933131 - 489875 - - - 42914 - - 2465920

Capital Assets Less Depreciation - - - - - 370363 5058 67996797 - 68372218

Amt to be Provided for Debt Service - - - - - - - - 31915000 31915000 Total Assets $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

LIABILITIES

Accounts Payable $ 555324 $ 333053 $ 826199 $ 2768722 $ - $ 108891 $ 8452 $ - $ - $ 4600641

Accrued Payroll 2285239 8722 514691 - - 74923 38028 - - 2921603

Due to Other Funds 532789 1594763 - - - 338368 - - - 2465920

Debt Service Payable - - - - - - - - 31915000 31915000

Total Liabilities $ 3373352 $ 1936538 $ 1340890 $ 2768722 $ - $ 522182 $ 46480 $ - $ 31915000 $ 41903164

FUND EQUITY

General Fixed Assets $ - $ - $ - $ - $ - $ - $ - $67996797 $ - $ 67996797

Retained Earnings - - - - - 487753 103831 - - 591584

Fund Balance - - - - - - - - - -

Reserve for Student Organizations - - - - - - - - - -

Reserve for Std Finl Assistance - - 27992 - - - - - - 27992

Reserve for Capital Projects - - - 2294112 - - - - - 2294112

Reserve for Debt Service - - - - 698876 - - - - 698876

Unreserved - - - - - - - - - -

Designated for Operations 11751022 13707 558901 - - - - - - 12323630

Total Fund Equity $ 11751022 $ 13707 $ 586893 $ 2294112 $ 698876 $ 487753 $ 103831 $67996797 $ - $ 83932991 Total Liability amp Fund Equity $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

24

CAPITAL PROJECTS LISTING

2019-20

Description Amount

Remodeling Campuses 3500000

Instructional Equipment used in Programs 2483641

Administrative Computer SoftwareHardware 846250

Instructional Computer SoftwareHardware 528750

Multimedia Classrooms 425000

Administrative Equipment 210000

Equipment for Physical Plant 190000

Office and Classroom Furniture 300000

$ 8483641

25

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

Higher Learning Commission Accreditation

The Higher Learning Commission is one of six regional accrediting bodies recognized by the US Department of Education and maintaining regional accreditation is necessary for Chippewa Valley students to be eligible for federal financial aid In October 2015 Chippewa Valley Technical College underwent a Comprehensive Quality Review in which a team of peer reviewers visited the college to validate information the college provided in comprehensive accreditation reports by reviewing supporting documents and talking to students staff and community members

Based on the visiting teamrsquos recommendation Chippewa Valleyrsquos accreditation has been reaffirmed through 2025-26 The college received many commendations from the team as well as suggestions for improvement Following the Comprehensive Quality Review Chippewa Valley began the process of addressing Higher Learning Commission feedback as part of its continuous quality improvement efforts

In May 2016 Chippewa Valley was accepted into the Higher Learning Commissionrsquos Persistence and Completion Academy The Academy is a four-year initiative to build institutional capacity for the improvement of student persistence and completion The Academy offers a guided program to advise institutions on defining tracking and analyzing data on student success establishing clear goals and strategies for student population groups and implementing those goals A team of Chippewa Valley staff and faculty participate in the Academy to learn new techniques for researching and comparing emerging methods of evaluation and improvement as well as how to collect and analyze data to identify patterns that lead to data-informed decisions

In July 2020 the college will prepare and submit its regular four-year Assurance Review The Assurance Review is a comprehensive review wherein the institution provides evidence that it continues to meet the Criteria for Accreditation A team of peer reviewers will evaluate Chippewa Valleyrsquos Assurance Filing (comprised of an Assurance Argument and Evidence File) and make a recommendation to the HLC for continued accreditation The Assurance Review process does not include a site visit

6

BUDGET PROCESS Fiscal Year 2019-20

The Chippewa Valley Technical College budget is adopted for the year beginning July 1st ending June 30th The budget allocates financial resources for ongoing programs courses and services as well as for strategic initiatives Budgeting is done in accordance with Chapter 65 of Wisconsin Statutes Wisconsin Technical College System administrative rules and submitted to the System Office by July 1 Expenditures much be accommodated within the authorized tax levy and other funding resources

The CVTC budget is created to support the 11 county geographic district in west central Wisconsin This district includes 204 municipalities 34 public schools and an estimated population of 315416 To service the districtrsquos 5500 square miles CVTC operates campuses in four cities and provides offerings at approximately 33 locations

The budgeting process is an integral step in implementing the Collegersquos strategic initiatives Each department develops a budget based on the instructional and operational goals for the year Budgets are reviewed by the Budget Manager and consolidated for further review by the Finance Director Vice Presidents and President for alignment with the strategic initiatives and overall goals of the College

During the months of February through May the Presidentrsquos Cabinet and College Board of Trustees review and assess various elements of the budget including historical trends current projections and major budget assumptions At its May meeting the Board authorizes the publishing of a legal notice to hold a public hearing prior to adoption of the consolidated budget

The Board of Trustees completed their review of the budget in May of 2019 and the public hearing on the proposed budget was held on June 27 2019 Final adoption of the budget occurred at the regular District Board Meeting on June 27 2019

The tax rates shown in this document are actual rates from October 1 2018 On or near October 1 2019 the Wisconsin Department of Revenue will provide new actual valuations at which time the Board will set its final mill rate

7

Budget Planning Assumptions

Financial projections are developed initially during the budget planning process and continue to be updated through budget development

Property Values Property values are expected to increase 4 from the level in 2018-19

Full-Time Equivalent Students (FTE) FTEs for 2019-20 are expected to be 4510 which is an increase of 222 above the projected 2018-19 estimate

Health Insurance The health insurance premium is expected to remain flat due to a stable claims experience

General State Aids Revenues from general state aids are expected to increase due to the Joint Finance Committee increasing General Aid in the forthcoming budget

State Grants WTCS State incentive grant revenues are expected to increase from 2018-19 due to increased awards

Student Fees Tuition rates will increase 171 over 2018-19

Institutional Revenue Institutional revenue is expected to increase due to an increase in contract revenue and High School Academies

Federal Grants Federal revenue is expected to increase due to the new multi-year Department of Education grant and an additional NSF grant

Fund Balance Based on the 2019-20 budget projections the General Fund balance will remain within the guidelines established by the CVTC Board

8

CHIPPEWA VALLEY TECHNICAL COLLEGE Position Summary - FTE Basis

Special

Actual Y-T-D Budget General Revenue Proprietary Fiduciary Total

Category 2017-18 2018-19 2019-20 Fund Fund Fund Fund 2019-20

Administrators

Supervisors 5500 5100 5000 4695 118 187 000 5000

Teachers 22900 22200 22700 20913 1787 22700

Specialists 000 000 000 000 000 000

Other Staff 21800 22100 21200 16174 3073 1953 000 21200

Total 50200 49400 48900 41782 4978 2140 000 48900

This schedule does not include the adjunct instructors for noncredit courses temporary staff students or the

limited-term project employees

9

FINANCIAL DATA

REVENUES

The following sources are used to classify the districtrsquos revenue

Local Government Revenue of the district that is derived from taxes levied on the

equalized property value within a district

State Aids Funds made available by the legislature for distribution to the district based

on a statutory formula of distribution and on competitive categorical appropriations

Program Fees Fees paid by students and set by the Wisconsin Technical College

System Board for tuition

Material Fees Fees paid by the students to cover the cost of instructional materials

used by the student or instructor in the classroom

Other Student Fees Fees paid by students to cover the cost of graduation transcripts

applications student activities registration testing and student projects

Institutional Revenue Revenue of the district that is derived from interest income

contracted services sales and rental income

Federal Revenue Revenue provided by the federal government often of a cost-

reimbursement nature Expenditures made with this revenue are identifiable as

federally supported expenditures

10

EXPENDITURES

The following functions are used to classify the districtrsquos expenditures

Instruction This function includes teaching academic administration (including clerical

support) and other activities related directly to the teaching of students guiding

students in the educational program and the coordination and improvement of teaching

Instructional Resources This function includes all learning resource activities such as

the library audiovisual learning resources center instructional media center

instructional resources administration and clerical support

Student Services This function includes those non-instructional services provided for

the student body such as student recruitment student services administration and

clerical support admissions registration counseling (including testing and evaluation)

financial aids placement and follow-up

General Institutional This function includes all services benefiting the entire district

exclusive of those chargeable directly to other functional categories The district board

presidentrsquos office business office data processing human resources public

communications and general supporting administrative offices are included in this

function

Physical Plant This function includes all services required for the operation and

maintenance of the districtrsquos physical facilities Principal and interest on long-term

obligations are included under this function as are the general utilitiesmdashheat light and

power

Auxiliary Services This function includes commercial type activities Examples include

bookstore duplicating auto parts dental clinic and parking

11

FUND EQUITY

The following reserves and designations are used to classify the districtrsquos fund equity

Retained Earnings Represents that portion of the fund equity which has been

accumulated from the operation of the Enterprise or Internal Service Funds

Reserve for Student Organizations Fund balance held in trust for student

organizations

Reserve for Student Financial Assistance Fund balance held in trust for student

financial assistance

Reserve for Capital Projects Segregation of a portion of the fund balance which is

exclusively and specifically for the acquisition and improvement of sites and for the

acquisition construction equipping and renovation of buildings

Reserve for Debt Service Segregation of the fund equity for Debt Service Fund

resources legally restricted to the payment of general long-term debt principal and

interest

Designated for Operations Portion of the unreserved fund balance which is designated

to be used to provide for normal fluctuations in operating cash balances

Designated for Subsequent Years Portion of the unreserved fund balance which is

designated to fund operations subsequent to the forthcoming budget year

12

CHIPPEWA VALLEY TECHNICAL COLLEGE Notice of Public Hearing

July 1 2019 - June 30 2020

A public hearing on the proposed fiscal year 2019-2020 budget for the Chippewa Valley Technical

College will be held on June 27 2019 at 530 pm in the

RCU Community Center (100A) 620 West Clairemont Avenue Eau Claire WI

The detailed budget is available for public inspection at the Administrative Office (100)

620 West Clairemont Avenue Eau Claire WI Monday through Friday between the hours of 8 am and 4 pm

PROPERTY TAX AND EXPENDITURE HISTORY

Fiscal Equalized Mill Rates Total Percent

Year Valuation Operations(2) Debt Service Mill Rate Inc(Dec)

2015-16 21767542539 057396 031239 088635 (124)

2016-17 22604603466 057695 030082 087777 (097)

2017-18 23603071573 057510 028810 08632 (166)

2018-19 24723807042 057142 027504 084646 (194)

2019-20 (1) 25712759324 057163 026446 083609 (123)

Tax on a

Fiscal Total Percent Property Percent $100000

Year(2) Expenditures Inc(Dec) Tax Levy Inc(Dec) House

2015-16 91154700 (597) $19293590 271 $8864

2016-17 91858240 077 $19841626 284 $8778

2017-18 92682472 090 $20374010 268 $8632

2018-19 90020942 (287) $20927687 272 $8465

2019-20 91364637 149 $21498196 273 $8361

BUDGETFUND BALANCE SUMMARY-ALL FUNDS

Special Special

Revenue Revenue Capital Debt

Fund - Fund - Projects Service Proprietary

General Fund Operational Nonaidable Fund Fund Fund Total

Tax Levy $13548196 $1100000 $50000 $0 $6800000 $0 $21498196

Other Budgeted Revenues $42172728 $6072064 $8324117 $1343641 $91523 $5091938 $63096011

Subtotal $55720924 $7172064 $8374117 $1343641 $6891523 $5091938 $84594207

Budgeted expenditures $55570924 $7103832 $8372779 $8483641 $6891523 $4941938 $91364637

Excess of Revenues

over Expenditures $150000 $68232 $1338 ($7140000) $0 $150000 ($6770430)

Residual Equity Transfers $0 $0 $0 $0 $0 $0 $0

Operating Transfers $150000 $0 $0 $0 $0 ($150000) $0

Proceeds from Debt $0 $0 $0 $5340000 $0 $0 $5340000

Est Fund Balance 70119 $11751022 $13707 $586893 $2294112 $698876 $591584 $15936195

Est Fund Balance 63020 $12051022 $81939 $588231 $494112 $698876 $591584 $14505765

(1) Equalized Valuation is projected to increase 4 in fiscal year 2020

(2) Fiscal years 2016 - 2018 represent actual amounts 2019 is projected and 2020 is the proposed budget

13

CHIPPEWA VALLEY TECHNICAL COLLEGE

Notice of Public Hearing

Budget Summary-General Fund

Fiscal Year 2019-20

2017-18

Actual(3)

2018-19

Budget

2018-19

Estimated(4)

2019-20

Budget

REVENUES

Local Government

State Aids

Program Fees

Material Fees

Other Student Fees

Institutional

Federal

Total Revenues

12494617

23739291

13960524

806183

810729

688257

26305

52525906

12950299

23572299

14592469

810000

868000

831300

25000

53649367

12977687

23888599

13843474

810000

1000930

854345

25000

53400035

13548196

24516532

14111000

810000

1000000

1710196

25000

55720924

EXPENDITURES

Instruction

Instructional Resources

Student Services

General Institutional

Physical Plant

Total Expenditures

Net Revenue (Expenditures)

33234478

710414

3914411

11525057

4416944

53801304

(1275398)

34241590

745496

3966049

11559155

4726168

55238458

(1589091)

34238420

701460

3960218

11534194

4711677

55145968

(1745933)

35493393

721556

4041103

10559765

4755107

55570924

150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

0

(1275398)

540224

0

(1048867)

540224

0

(1205709)

0

150000

300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations

Designated for

Subsequent Years

Total Transfers To (From)

Fund Balance

Beginning Fund Balance

Ending Fund Balance

EXPENDITURES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Expenditures by Fund

0

(1275398)

(1275398)

14232129

12956731

53801304

11107458

9177185

10734560

6905092

3388856

1062274

96176729

0

(1048867)

(1048867)

12956731

11907864

55238458

6408288

9405969

8704215

6880746

3567020

1120000

91324696

0

(1205709)

(1205709)

12956731

11751022

55145968

5706000

9159434

8688000

6831540

3450000

1040000

90020942

0

300000

300000

11751022

12051022

55570924

7103832

8372779

8483641

6891523

3831938

1110000

91364637

Change (5)

in Budget

060

1085

-1098

-253

016

743

-089

004

REVENUES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Revenues by Fund

52525906

11037229

9214918

1608261

7013073

3277033

1095402

85771822

53649367

6439486

9623589

312215

6880746

3578528

1120000

81603931

53400035

5658503

8989226

1220692

6850000

3329380

1047959

80495795

55720924

7172064

8374117

1343641

6891523

3981938

1110000

84594207

386

1138

-1298

33036

016

1127

-089

366

(3) Actual is presented on a budgetary basis

(4) Estimate is based upon 10 months of actual and 2 months of estimate

(5) (2019-20 budget - 2018-19 budget) 2018-19 budget

14

GENERAL FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 12494617 12950299 12977687 13548196

State - Property Tax Relief Aid 18322299 18322299 18322299 18322299

State Aids 5416992 5250000 5566300 6194233

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 810729 868000 1000930 1000000

Institutional 688257 831300 854345 1710196

Federal 26305 25000 25000 25000

Total Revenues 52525906 53649367 53400035 55720924

EXPENDITURES

Instruction 33234478 34241590 34238420 35493393

Instructional Resources 710414 745496 701460 721556

Student Services 3914411 3966049 3960218 4041103

General Institutional 11525057 11559155 11534194 10559765

Physical Plant 4416944 4726168 4711677 4755107

Total Expenditures 53801304 55238458 55145968 55570924

Net Revenue (Expenditures) (1275398) (1589091) (1745933) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 540224 540224 0

Operating Transfer In (Out) 0 0 0 150000

Total Resources (Uses) (1275398) (1048867) (1205709) 300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1275398) (1048867) (1205709) 300000

Total Transfers To (From) Fund Balance (1275398) (1048867) (1205709) 300000

Beginning Fund Balance 14232129 12956731 12956731 11751022

Ending Fund Balance 12956731 11907864 11751022 12051022

Fund Balance of Expenditures 241 216 213 217

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

The General Fund is used to account for all financial activities except those required to be accounted for in

another fund

15

SPECIAL REVENUE FUND-OPERATIONAL

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 1100000 1100000 1100000 1100000

State Aids 2326397 1627983 1427000 2111692

Other Student Fees 148170 220000 100000 844820

Institutional 964305 1060000 600000 0

Federal 6498357 2431503 2431503 3115552

Total Revenues 11037229 6439486 5658503 7172064

EXPENDITURES

Instruction 9390220 4636445 4000000 4700162

Instructional Resources 720 13280 13000 42210

Student Services 1315200 1363314 1300000 2008462

General Institutional 341662 329660 328000 274036

Physical Plant 59656 65589 65000 78962

Auxiliary Services 0 0 0 0

Total Expenditures 11107458 6408288 5706000 7103832

Net Revenue (Expenditures) (70229) 31198 (47497) 68232

OTHER SOURCES (USES)

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) (70229) 31198 (47497) 68232

TRANSFERS TO (FROM) FUND BALANCE

Designated for Operations (70229) 31198 (47497) 68232

Total Transfers To (From) Fund Balance (70229) 31198 (47497) 68232

Beginning Fund Balance 131433 61204 61204 13707

Ending Fund Balance 61204 92402 13707 81939

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Operational are used to account for the proceeds and related financial activity of

specific revenue sources that are legally restricted to specific purposes other than expendable trusts or

major capital projects

16

SPECIAL REVENUE FUND-NONAIDABLE

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Other Student Fees

Institutional

Federal

Total Revenues

2017-18

Actual

50000

826892

553104

7784922

9214918

2018-19

Budget

50000

844820

725519

8003250

9623589

2018-19

Estimate

50000

830000

572000

7537226

8989226

2019-20

Budget

50000

0

248000

8076117

8374117

EXPENDITURES

Instruction

Student Services

General Institutional

Total Expenditures

54777

9122408

0

9177185

95909

9302560

7500

9405969

62500

9094934

2000

9159434

133500

8232279

7000

8372779

Net Revenue (Expenditures) 37733 217620 (170208) 1338

OTHER SOURCES (USES)

Operating Transfer In (Out)

Total Resources (Uses)

(408000)

(370267)

(600000)

(382380)

(600000)

(770208)

0

1338

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Student Organizations

Reserve for Student Finl Assistance

Total Transfers To (From) Fund Balance

(370267)

0

(370267)

(382380)

0

(382380)

(770208)

0

(770208)

1338

0

1338

Beginning Fund Balance

Ending Fund Balance

1727368

1357101

1357101

974721

1357101

586893

586893

588231

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Nonaidable are used to account for assets held by a district as an agent for

individuals private organizations other governmental units or other funds

17

CAPITAL PROJECTS FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

State Aids 390544 99215 112083 111055

Institutional 542114 170000 1041198 600000

Federal 675603 43000 67411 632586

Total Revenues 1608261 312215 1220692 1343641

EXPENDITURES

Instruction 3147428 2252723 2250000 2483641

Instructional Resources 680058 642000 640000 425000

Student Services 6748 10000 8000 10000

General Institutional 1381491 1508000 1500000 1575000

Physical Plant 5480785 4291492 4290000 3990000

Auxiliary Services 38050 0 0 0

Total Expenditures 10734560 8704215 8688000 8483641

Net Revenue (Expenditures) (9126299) (8392000) (7467308) (7140000)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Operating Transfer In (Out) 400000 600000 600000 0

Total Resources (Uses) 5673701 108000 (3867308) (1800000)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Total Transfers To (From) Fund Balance 5673701 108000 (3867308) (1800000)

Beginning Fund Balance 487719 6161420 6161420 2294112

Ending Fund Balance 6161420 6269420 2294112 494112

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Capital Projects Funds are used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisition construction equipping and remodeling

of buildings

18

DEBT SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Institutional

Total Revenues

2017-18

Actual

6800000

213073

7013073

2018-19

Budget

6800000

80746

6880746

2018-19

Estimate

6800000

50000

6850000

2019-20

Budget

6800000

91523

6891523

EXPENDITURES

Physical Plant

Total Expenditures

6905092

6905092

6880746

6880746

6831540

6831540

6891523

6891523

Net Revenue (Expenditures) 107981 0 18460 0

OTHER SOURCES (USES)

Proceeds from Debt

Operating Transfer In (Out)

Total Resources (Uses)

0

0

107981

0

0

0

0

0

18460

0

0

0

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Debt Service

Total Transfers To (From) Fund Balance

107981

107981

0

0

18460

18460

0

0

Beginning Fund Balance

Ending Fund Balance

572435

680416

680416

680416

680416

698876

698876

698876

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Debt Service Funds are used to account for the accumulation of resources for and the payment of general

long-term debt and long-term lease purchase principal and interest

19

ENTERPRISE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

State Aids

Institutional

Total Revenues

2017-18

Actual

141280

3135753

3277033

2018-19

Budget

136380

3442148

3578528

2018-19

Estimate

136380

3193000

3329380

2019-20

Budget

136380

3845558

3981938

EXPENDITURES

Auxiliary Services

Total Expenditures

3388856

3388856

3567020

3567020

3450000

3450000

3831938

3831938

Net Revenue (Expenditures) (111823) 11508 (120620) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

8000

(103823)

(540224)

0

(528716)

(540224)

0

(660844)

0

(150000)

0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings

Total Transfers To (From) Fund Balance

(103823)

(103823)

(528716)

(528716)

(660844)

(660844)

0

0

Beginning Fund Balance

Ending Fund Balance

1252420

1148597

1148597

619881

1148597

487753

487753

487753

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Enterprise Funds are used to account for operations where the costs of providing goods or services to the

student body faculty and staff or the general public are financed primarily through user fees

20

INTERNAL SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Institutional 1095402 1120000 1047959 1110000

Total Revenues 1095402 1120000 1047959 1110000

EXPENDITURES

Auxiliary Services 1062274 1120000 1040000 1110000

Total Expenditures 1062274 1120000 1040000 1110000

Net Revenue (Expenditures) 33128 0 7959 0

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 33128 0 7959 0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings 33128 0 7959 0

Total Transfers To (From) Fund Balance 33128 0 7959 0

Beginning Fund Balance 62744 95872 95872 103831

Ending Fund Balance 95872 95872 103831 103831

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Internal Service Funds are used to account for the financing and related financial activity of goods and services

provided by one department to other departments of the district on a cost-reimbursement basis

21

BUDGETED EXPENDITURES BY OBJECT LEVEL

2019-20 BUDGET YEAR

Personnel Expenses

Salaries and Wages

Fringe Benefits

34944350

16142147

$51086497

Current Expenses 24902976

Capital Outlay 8483641

Debt Service 6891523

Total Budgeted Expenditures $91364637

Includes all funds

DEFINITIONS

Personnel Expenses Payroll expenditures which include wages health and dental insurance long-term

disability group life insurance retirement and social security contributions

Current Expenses Expenditures incurred during the fiscal year in progress--examples are supplies repairs

postage consulting services media services utilities and insurances

Capital Outlay Expenditures which result in the acquisition of fixed assets having a life of two or more

years and a cost greater than $5000 It is an expenditure for land buildings improvements to buildings

remodeling and major equipment

Debt Service Interest and principal payments made against the outstanding long-term debt of bonds

and notes payable and installment purchases

22

Combined Budget Summary

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 20444617 20900299 20927687 21498196

State Aids 26597512 25435877 25564062 26875659

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 1785791 1932820 1930930 1844820

Institutional 7192008 7429713 7358502 7605277

Federal 14985187 10502753 10061140 11849255

Total Revenues 85771822 81603931 80495795 84594207

EXPENDITURES

Instruction 45826903 41226667 40550920 42810696

Instructional Resources 1391192 1400776 1354460 1188766

Student Services 14358767 14641923 14363152 14291844

General Institutional 13248210 13404315 13364194 12415801

Physical Plant 16862477 15963995 15898217 15715592

Auxiliary Services 4489180 4687020 4490000 4941938

Total Expenditures 96176729 91324696 90020942 91364637

Net Revenue (Expenditures) (10404907) (9720765) (9525146) (6770430)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 3995093 (1820765) (6525146) (1430430)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Reserve for Debt Service 107981 0 18460 0

Retained Earnings (70695) (528716) (652885) 0

Reserve for Student Organizations (370267) (382380) (770208) 1338

Reserve for Student Finl Assistance 0 0 0 0

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1345627) (1017669) (1253206) 368232

Total Transfers To (From) Fund Balance 3995093 (1820765) (6525146) (1430430)

Beginning Fund Balance 18466248 22461341 22461341 15936195

Ending Fund Balance 22461341 20640576 15936195 14505765

EXPENDITURES BY FUND

General 53801304 55238458 55145968 55570924

Special Revenue-Operational 11107458 6408288 5706000 7103832

Special Revenue-Nonaidable 9177185 9405969 9159434 8372779

Capital Projects 10734560 8704215 8688000 8483641

Debt Service 6905092 6880746 6831540 6891523

Enterprise 3388856 3567020 3450000 3831938

Internal Service 1062274 1120000 1040000 1110000

Total Expenditures by Fund 96176729 91324696 90020942 91364637

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

23

PROFORMA BALANCE SHEET June 30 2019

Governmental Fund Category Proprietary Fund Account Group Total

Category

Special Special

Revenue- Revenue- Capital Debt Internal Fixed Long-Term (Memorandum

CURRENT ASSETS General Operational Non-aidable Projects Service Enterprise Service Assets Obligations Only)

Cash and Cash Equivalents $ 4348749 $ 703979 $ 1044775 $ 5013937 $ 475424 $ 145500 $ - $ - $ - $ 11732364

Property Taxes Receivable 6190934 - - - 223452 - - - - 6414386

Accounts Receivable 1829862 1246266 393133 48897 - 474719 35732 - - 4028609

Inventory - - - - - 19353 66607 - - 85960

Prepaid Items 821698 - - - - - - - - 821698

Due From Other Funds 1933131 - 489875 - - - 42914 - - 2465920

Capital Assets Less Depreciation - - - - - 370363 5058 67996797 - 68372218

Amt to be Provided for Debt Service - - - - - - - - 31915000 31915000 Total Assets $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

LIABILITIES

Accounts Payable $ 555324 $ 333053 $ 826199 $ 2768722 $ - $ 108891 $ 8452 $ - $ - $ 4600641

Accrued Payroll 2285239 8722 514691 - - 74923 38028 - - 2921603

Due to Other Funds 532789 1594763 - - - 338368 - - - 2465920

Debt Service Payable - - - - - - - - 31915000 31915000

Total Liabilities $ 3373352 $ 1936538 $ 1340890 $ 2768722 $ - $ 522182 $ 46480 $ - $ 31915000 $ 41903164

FUND EQUITY

General Fixed Assets $ - $ - $ - $ - $ - $ - $ - $67996797 $ - $ 67996797

Retained Earnings - - - - - 487753 103831 - - 591584

Fund Balance - - - - - - - - - -

Reserve for Student Organizations - - - - - - - - - -

Reserve for Std Finl Assistance - - 27992 - - - - - - 27992

Reserve for Capital Projects - - - 2294112 - - - - - 2294112

Reserve for Debt Service - - - - 698876 - - - - 698876

Unreserved - - - - - - - - - -

Designated for Operations 11751022 13707 558901 - - - - - - 12323630

Total Fund Equity $ 11751022 $ 13707 $ 586893 $ 2294112 $ 698876 $ 487753 $ 103831 $67996797 $ - $ 83932991 Total Liability amp Fund Equity $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

24

CAPITAL PROJECTS LISTING

2019-20

Description Amount

Remodeling Campuses 3500000

Instructional Equipment used in Programs 2483641

Administrative Computer SoftwareHardware 846250

Instructional Computer SoftwareHardware 528750

Multimedia Classrooms 425000

Administrative Equipment 210000

Equipment for Physical Plant 190000

Office and Classroom Furniture 300000

$ 8483641

25

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

BUDGET PROCESS Fiscal Year 2019-20

The Chippewa Valley Technical College budget is adopted for the year beginning July 1st ending June 30th The budget allocates financial resources for ongoing programs courses and services as well as for strategic initiatives Budgeting is done in accordance with Chapter 65 of Wisconsin Statutes Wisconsin Technical College System administrative rules and submitted to the System Office by July 1 Expenditures much be accommodated within the authorized tax levy and other funding resources

The CVTC budget is created to support the 11 county geographic district in west central Wisconsin This district includes 204 municipalities 34 public schools and an estimated population of 315416 To service the districtrsquos 5500 square miles CVTC operates campuses in four cities and provides offerings at approximately 33 locations

The budgeting process is an integral step in implementing the Collegersquos strategic initiatives Each department develops a budget based on the instructional and operational goals for the year Budgets are reviewed by the Budget Manager and consolidated for further review by the Finance Director Vice Presidents and President for alignment with the strategic initiatives and overall goals of the College

During the months of February through May the Presidentrsquos Cabinet and College Board of Trustees review and assess various elements of the budget including historical trends current projections and major budget assumptions At its May meeting the Board authorizes the publishing of a legal notice to hold a public hearing prior to adoption of the consolidated budget

The Board of Trustees completed their review of the budget in May of 2019 and the public hearing on the proposed budget was held on June 27 2019 Final adoption of the budget occurred at the regular District Board Meeting on June 27 2019

The tax rates shown in this document are actual rates from October 1 2018 On or near October 1 2019 the Wisconsin Department of Revenue will provide new actual valuations at which time the Board will set its final mill rate

7

Budget Planning Assumptions

Financial projections are developed initially during the budget planning process and continue to be updated through budget development

Property Values Property values are expected to increase 4 from the level in 2018-19

Full-Time Equivalent Students (FTE) FTEs for 2019-20 are expected to be 4510 which is an increase of 222 above the projected 2018-19 estimate

Health Insurance The health insurance premium is expected to remain flat due to a stable claims experience

General State Aids Revenues from general state aids are expected to increase due to the Joint Finance Committee increasing General Aid in the forthcoming budget

State Grants WTCS State incentive grant revenues are expected to increase from 2018-19 due to increased awards

Student Fees Tuition rates will increase 171 over 2018-19

Institutional Revenue Institutional revenue is expected to increase due to an increase in contract revenue and High School Academies

Federal Grants Federal revenue is expected to increase due to the new multi-year Department of Education grant and an additional NSF grant

Fund Balance Based on the 2019-20 budget projections the General Fund balance will remain within the guidelines established by the CVTC Board

8

CHIPPEWA VALLEY TECHNICAL COLLEGE Position Summary - FTE Basis

Special

Actual Y-T-D Budget General Revenue Proprietary Fiduciary Total

Category 2017-18 2018-19 2019-20 Fund Fund Fund Fund 2019-20

Administrators

Supervisors 5500 5100 5000 4695 118 187 000 5000

Teachers 22900 22200 22700 20913 1787 22700

Specialists 000 000 000 000 000 000

Other Staff 21800 22100 21200 16174 3073 1953 000 21200

Total 50200 49400 48900 41782 4978 2140 000 48900

This schedule does not include the adjunct instructors for noncredit courses temporary staff students or the

limited-term project employees

9

FINANCIAL DATA

REVENUES

The following sources are used to classify the districtrsquos revenue

Local Government Revenue of the district that is derived from taxes levied on the

equalized property value within a district

State Aids Funds made available by the legislature for distribution to the district based

on a statutory formula of distribution and on competitive categorical appropriations

Program Fees Fees paid by students and set by the Wisconsin Technical College

System Board for tuition

Material Fees Fees paid by the students to cover the cost of instructional materials

used by the student or instructor in the classroom

Other Student Fees Fees paid by students to cover the cost of graduation transcripts

applications student activities registration testing and student projects

Institutional Revenue Revenue of the district that is derived from interest income

contracted services sales and rental income

Federal Revenue Revenue provided by the federal government often of a cost-

reimbursement nature Expenditures made with this revenue are identifiable as

federally supported expenditures

10

EXPENDITURES

The following functions are used to classify the districtrsquos expenditures

Instruction This function includes teaching academic administration (including clerical

support) and other activities related directly to the teaching of students guiding

students in the educational program and the coordination and improvement of teaching

Instructional Resources This function includes all learning resource activities such as

the library audiovisual learning resources center instructional media center

instructional resources administration and clerical support

Student Services This function includes those non-instructional services provided for

the student body such as student recruitment student services administration and

clerical support admissions registration counseling (including testing and evaluation)

financial aids placement and follow-up

General Institutional This function includes all services benefiting the entire district

exclusive of those chargeable directly to other functional categories The district board

presidentrsquos office business office data processing human resources public

communications and general supporting administrative offices are included in this

function

Physical Plant This function includes all services required for the operation and

maintenance of the districtrsquos physical facilities Principal and interest on long-term

obligations are included under this function as are the general utilitiesmdashheat light and

power

Auxiliary Services This function includes commercial type activities Examples include

bookstore duplicating auto parts dental clinic and parking

11

FUND EQUITY

The following reserves and designations are used to classify the districtrsquos fund equity

Retained Earnings Represents that portion of the fund equity which has been

accumulated from the operation of the Enterprise or Internal Service Funds

Reserve for Student Organizations Fund balance held in trust for student

organizations

Reserve for Student Financial Assistance Fund balance held in trust for student

financial assistance

Reserve for Capital Projects Segregation of a portion of the fund balance which is

exclusively and specifically for the acquisition and improvement of sites and for the

acquisition construction equipping and renovation of buildings

Reserve for Debt Service Segregation of the fund equity for Debt Service Fund

resources legally restricted to the payment of general long-term debt principal and

interest

Designated for Operations Portion of the unreserved fund balance which is designated

to be used to provide for normal fluctuations in operating cash balances

Designated for Subsequent Years Portion of the unreserved fund balance which is

designated to fund operations subsequent to the forthcoming budget year

12

CHIPPEWA VALLEY TECHNICAL COLLEGE Notice of Public Hearing

July 1 2019 - June 30 2020

A public hearing on the proposed fiscal year 2019-2020 budget for the Chippewa Valley Technical

College will be held on June 27 2019 at 530 pm in the

RCU Community Center (100A) 620 West Clairemont Avenue Eau Claire WI

The detailed budget is available for public inspection at the Administrative Office (100)

620 West Clairemont Avenue Eau Claire WI Monday through Friday between the hours of 8 am and 4 pm

PROPERTY TAX AND EXPENDITURE HISTORY

Fiscal Equalized Mill Rates Total Percent

Year Valuation Operations(2) Debt Service Mill Rate Inc(Dec)

2015-16 21767542539 057396 031239 088635 (124)

2016-17 22604603466 057695 030082 087777 (097)

2017-18 23603071573 057510 028810 08632 (166)

2018-19 24723807042 057142 027504 084646 (194)

2019-20 (1) 25712759324 057163 026446 083609 (123)

Tax on a

Fiscal Total Percent Property Percent $100000

Year(2) Expenditures Inc(Dec) Tax Levy Inc(Dec) House

2015-16 91154700 (597) $19293590 271 $8864

2016-17 91858240 077 $19841626 284 $8778

2017-18 92682472 090 $20374010 268 $8632

2018-19 90020942 (287) $20927687 272 $8465

2019-20 91364637 149 $21498196 273 $8361

BUDGETFUND BALANCE SUMMARY-ALL FUNDS

Special Special

Revenue Revenue Capital Debt

Fund - Fund - Projects Service Proprietary

General Fund Operational Nonaidable Fund Fund Fund Total

Tax Levy $13548196 $1100000 $50000 $0 $6800000 $0 $21498196

Other Budgeted Revenues $42172728 $6072064 $8324117 $1343641 $91523 $5091938 $63096011

Subtotal $55720924 $7172064 $8374117 $1343641 $6891523 $5091938 $84594207

Budgeted expenditures $55570924 $7103832 $8372779 $8483641 $6891523 $4941938 $91364637

Excess of Revenues

over Expenditures $150000 $68232 $1338 ($7140000) $0 $150000 ($6770430)

Residual Equity Transfers $0 $0 $0 $0 $0 $0 $0

Operating Transfers $150000 $0 $0 $0 $0 ($150000) $0

Proceeds from Debt $0 $0 $0 $5340000 $0 $0 $5340000

Est Fund Balance 70119 $11751022 $13707 $586893 $2294112 $698876 $591584 $15936195

Est Fund Balance 63020 $12051022 $81939 $588231 $494112 $698876 $591584 $14505765

(1) Equalized Valuation is projected to increase 4 in fiscal year 2020

(2) Fiscal years 2016 - 2018 represent actual amounts 2019 is projected and 2020 is the proposed budget

13

CHIPPEWA VALLEY TECHNICAL COLLEGE

Notice of Public Hearing

Budget Summary-General Fund

Fiscal Year 2019-20

2017-18

Actual(3)

2018-19

Budget

2018-19

Estimated(4)

2019-20

Budget

REVENUES

Local Government

State Aids

Program Fees

Material Fees

Other Student Fees

Institutional

Federal

Total Revenues

12494617

23739291

13960524

806183

810729

688257

26305

52525906

12950299

23572299

14592469

810000

868000

831300

25000

53649367

12977687

23888599

13843474

810000

1000930

854345

25000

53400035

13548196

24516532

14111000

810000

1000000

1710196

25000

55720924

EXPENDITURES

Instruction

Instructional Resources

Student Services

General Institutional

Physical Plant

Total Expenditures

Net Revenue (Expenditures)

33234478

710414

3914411

11525057

4416944

53801304

(1275398)

34241590

745496

3966049

11559155

4726168

55238458

(1589091)

34238420

701460

3960218

11534194

4711677

55145968

(1745933)

35493393

721556

4041103

10559765

4755107

55570924

150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

0

(1275398)

540224

0

(1048867)

540224

0

(1205709)

0

150000

300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations

Designated for

Subsequent Years

Total Transfers To (From)

Fund Balance

Beginning Fund Balance

Ending Fund Balance

EXPENDITURES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Expenditures by Fund

0

(1275398)

(1275398)

14232129

12956731

53801304

11107458

9177185

10734560

6905092

3388856

1062274

96176729

0

(1048867)

(1048867)

12956731

11907864

55238458

6408288

9405969

8704215

6880746

3567020

1120000

91324696

0

(1205709)

(1205709)

12956731

11751022

55145968

5706000

9159434

8688000

6831540

3450000

1040000

90020942

0

300000

300000

11751022

12051022

55570924

7103832

8372779

8483641

6891523

3831938

1110000

91364637

Change (5)

in Budget

060

1085

-1098

-253

016

743

-089

004

REVENUES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Revenues by Fund

52525906

11037229

9214918

1608261

7013073

3277033

1095402

85771822

53649367

6439486

9623589

312215

6880746

3578528

1120000

81603931

53400035

5658503

8989226

1220692

6850000

3329380

1047959

80495795

55720924

7172064

8374117

1343641

6891523

3981938

1110000

84594207

386

1138

-1298

33036

016

1127

-089

366

(3) Actual is presented on a budgetary basis

(4) Estimate is based upon 10 months of actual and 2 months of estimate

(5) (2019-20 budget - 2018-19 budget) 2018-19 budget

14

GENERAL FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 12494617 12950299 12977687 13548196

State - Property Tax Relief Aid 18322299 18322299 18322299 18322299

State Aids 5416992 5250000 5566300 6194233

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 810729 868000 1000930 1000000

Institutional 688257 831300 854345 1710196

Federal 26305 25000 25000 25000

Total Revenues 52525906 53649367 53400035 55720924

EXPENDITURES

Instruction 33234478 34241590 34238420 35493393

Instructional Resources 710414 745496 701460 721556

Student Services 3914411 3966049 3960218 4041103

General Institutional 11525057 11559155 11534194 10559765

Physical Plant 4416944 4726168 4711677 4755107

Total Expenditures 53801304 55238458 55145968 55570924

Net Revenue (Expenditures) (1275398) (1589091) (1745933) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 540224 540224 0

Operating Transfer In (Out) 0 0 0 150000

Total Resources (Uses) (1275398) (1048867) (1205709) 300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1275398) (1048867) (1205709) 300000

Total Transfers To (From) Fund Balance (1275398) (1048867) (1205709) 300000

Beginning Fund Balance 14232129 12956731 12956731 11751022

Ending Fund Balance 12956731 11907864 11751022 12051022

Fund Balance of Expenditures 241 216 213 217

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

The General Fund is used to account for all financial activities except those required to be accounted for in

another fund

15

SPECIAL REVENUE FUND-OPERATIONAL

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 1100000 1100000 1100000 1100000

State Aids 2326397 1627983 1427000 2111692

Other Student Fees 148170 220000 100000 844820

Institutional 964305 1060000 600000 0

Federal 6498357 2431503 2431503 3115552

Total Revenues 11037229 6439486 5658503 7172064

EXPENDITURES

Instruction 9390220 4636445 4000000 4700162

Instructional Resources 720 13280 13000 42210

Student Services 1315200 1363314 1300000 2008462

General Institutional 341662 329660 328000 274036

Physical Plant 59656 65589 65000 78962

Auxiliary Services 0 0 0 0

Total Expenditures 11107458 6408288 5706000 7103832

Net Revenue (Expenditures) (70229) 31198 (47497) 68232

OTHER SOURCES (USES)

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) (70229) 31198 (47497) 68232

TRANSFERS TO (FROM) FUND BALANCE

Designated for Operations (70229) 31198 (47497) 68232

Total Transfers To (From) Fund Balance (70229) 31198 (47497) 68232

Beginning Fund Balance 131433 61204 61204 13707

Ending Fund Balance 61204 92402 13707 81939

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Operational are used to account for the proceeds and related financial activity of

specific revenue sources that are legally restricted to specific purposes other than expendable trusts or

major capital projects

16

SPECIAL REVENUE FUND-NONAIDABLE

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Other Student Fees

Institutional

Federal

Total Revenues

2017-18

Actual

50000

826892

553104

7784922

9214918

2018-19

Budget

50000

844820

725519

8003250

9623589

2018-19

Estimate

50000

830000

572000

7537226

8989226

2019-20

Budget

50000

0

248000

8076117

8374117

EXPENDITURES

Instruction

Student Services

General Institutional

Total Expenditures

54777

9122408

0

9177185

95909

9302560

7500

9405969

62500

9094934

2000

9159434

133500

8232279

7000

8372779

Net Revenue (Expenditures) 37733 217620 (170208) 1338

OTHER SOURCES (USES)

Operating Transfer In (Out)

Total Resources (Uses)

(408000)

(370267)

(600000)

(382380)

(600000)

(770208)

0

1338

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Student Organizations

Reserve for Student Finl Assistance

Total Transfers To (From) Fund Balance

(370267)

0

(370267)

(382380)

0

(382380)

(770208)

0

(770208)

1338

0

1338

Beginning Fund Balance

Ending Fund Balance

1727368

1357101

1357101

974721

1357101

586893

586893

588231

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Nonaidable are used to account for assets held by a district as an agent for

individuals private organizations other governmental units or other funds

17

CAPITAL PROJECTS FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

State Aids 390544 99215 112083 111055

Institutional 542114 170000 1041198 600000

Federal 675603 43000 67411 632586

Total Revenues 1608261 312215 1220692 1343641

EXPENDITURES

Instruction 3147428 2252723 2250000 2483641

Instructional Resources 680058 642000 640000 425000

Student Services 6748 10000 8000 10000

General Institutional 1381491 1508000 1500000 1575000

Physical Plant 5480785 4291492 4290000 3990000

Auxiliary Services 38050 0 0 0

Total Expenditures 10734560 8704215 8688000 8483641

Net Revenue (Expenditures) (9126299) (8392000) (7467308) (7140000)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Operating Transfer In (Out) 400000 600000 600000 0

Total Resources (Uses) 5673701 108000 (3867308) (1800000)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Total Transfers To (From) Fund Balance 5673701 108000 (3867308) (1800000)

Beginning Fund Balance 487719 6161420 6161420 2294112

Ending Fund Balance 6161420 6269420 2294112 494112

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Capital Projects Funds are used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisition construction equipping and remodeling

of buildings

18

DEBT SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Institutional

Total Revenues

2017-18

Actual

6800000

213073

7013073

2018-19

Budget

6800000

80746

6880746

2018-19

Estimate

6800000

50000

6850000

2019-20

Budget

6800000

91523

6891523

EXPENDITURES

Physical Plant

Total Expenditures

6905092

6905092

6880746

6880746

6831540

6831540

6891523

6891523

Net Revenue (Expenditures) 107981 0 18460 0

OTHER SOURCES (USES)

Proceeds from Debt

Operating Transfer In (Out)

Total Resources (Uses)

0

0

107981

0

0

0

0

0

18460

0

0

0

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Debt Service

Total Transfers To (From) Fund Balance

107981

107981

0

0

18460

18460

0

0

Beginning Fund Balance

Ending Fund Balance

572435

680416

680416

680416

680416

698876

698876

698876

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Debt Service Funds are used to account for the accumulation of resources for and the payment of general

long-term debt and long-term lease purchase principal and interest

19

ENTERPRISE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

State Aids

Institutional

Total Revenues

2017-18

Actual

141280

3135753

3277033

2018-19

Budget

136380

3442148

3578528

2018-19

Estimate

136380

3193000

3329380

2019-20

Budget

136380

3845558

3981938

EXPENDITURES

Auxiliary Services

Total Expenditures

3388856

3388856

3567020

3567020

3450000

3450000

3831938

3831938

Net Revenue (Expenditures) (111823) 11508 (120620) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

8000

(103823)

(540224)

0

(528716)

(540224)

0

(660844)

0

(150000)

0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings

Total Transfers To (From) Fund Balance

(103823)

(103823)

(528716)

(528716)

(660844)

(660844)

0

0

Beginning Fund Balance

Ending Fund Balance

1252420

1148597

1148597

619881

1148597

487753

487753

487753

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Enterprise Funds are used to account for operations where the costs of providing goods or services to the

student body faculty and staff or the general public are financed primarily through user fees

20

INTERNAL SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Institutional 1095402 1120000 1047959 1110000

Total Revenues 1095402 1120000 1047959 1110000

EXPENDITURES

Auxiliary Services 1062274 1120000 1040000 1110000

Total Expenditures 1062274 1120000 1040000 1110000

Net Revenue (Expenditures) 33128 0 7959 0

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 33128 0 7959 0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings 33128 0 7959 0

Total Transfers To (From) Fund Balance 33128 0 7959 0

Beginning Fund Balance 62744 95872 95872 103831

Ending Fund Balance 95872 95872 103831 103831

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Internal Service Funds are used to account for the financing and related financial activity of goods and services

provided by one department to other departments of the district on a cost-reimbursement basis

21

BUDGETED EXPENDITURES BY OBJECT LEVEL

2019-20 BUDGET YEAR

Personnel Expenses

Salaries and Wages

Fringe Benefits

34944350

16142147

$51086497

Current Expenses 24902976

Capital Outlay 8483641

Debt Service 6891523

Total Budgeted Expenditures $91364637

Includes all funds

DEFINITIONS

Personnel Expenses Payroll expenditures which include wages health and dental insurance long-term

disability group life insurance retirement and social security contributions

Current Expenses Expenditures incurred during the fiscal year in progress--examples are supplies repairs

postage consulting services media services utilities and insurances

Capital Outlay Expenditures which result in the acquisition of fixed assets having a life of two or more

years and a cost greater than $5000 It is an expenditure for land buildings improvements to buildings

remodeling and major equipment

Debt Service Interest and principal payments made against the outstanding long-term debt of bonds

and notes payable and installment purchases

22

Combined Budget Summary

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 20444617 20900299 20927687 21498196

State Aids 26597512 25435877 25564062 26875659

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 1785791 1932820 1930930 1844820

Institutional 7192008 7429713 7358502 7605277

Federal 14985187 10502753 10061140 11849255

Total Revenues 85771822 81603931 80495795 84594207

EXPENDITURES

Instruction 45826903 41226667 40550920 42810696

Instructional Resources 1391192 1400776 1354460 1188766

Student Services 14358767 14641923 14363152 14291844

General Institutional 13248210 13404315 13364194 12415801

Physical Plant 16862477 15963995 15898217 15715592

Auxiliary Services 4489180 4687020 4490000 4941938

Total Expenditures 96176729 91324696 90020942 91364637

Net Revenue (Expenditures) (10404907) (9720765) (9525146) (6770430)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 3995093 (1820765) (6525146) (1430430)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Reserve for Debt Service 107981 0 18460 0

Retained Earnings (70695) (528716) (652885) 0

Reserve for Student Organizations (370267) (382380) (770208) 1338

Reserve for Student Finl Assistance 0 0 0 0

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1345627) (1017669) (1253206) 368232

Total Transfers To (From) Fund Balance 3995093 (1820765) (6525146) (1430430)

Beginning Fund Balance 18466248 22461341 22461341 15936195

Ending Fund Balance 22461341 20640576 15936195 14505765

EXPENDITURES BY FUND

General 53801304 55238458 55145968 55570924

Special Revenue-Operational 11107458 6408288 5706000 7103832

Special Revenue-Nonaidable 9177185 9405969 9159434 8372779

Capital Projects 10734560 8704215 8688000 8483641

Debt Service 6905092 6880746 6831540 6891523

Enterprise 3388856 3567020 3450000 3831938

Internal Service 1062274 1120000 1040000 1110000

Total Expenditures by Fund 96176729 91324696 90020942 91364637

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

23

PROFORMA BALANCE SHEET June 30 2019

Governmental Fund Category Proprietary Fund Account Group Total

Category

Special Special

Revenue- Revenue- Capital Debt Internal Fixed Long-Term (Memorandum

CURRENT ASSETS General Operational Non-aidable Projects Service Enterprise Service Assets Obligations Only)

Cash and Cash Equivalents $ 4348749 $ 703979 $ 1044775 $ 5013937 $ 475424 $ 145500 $ - $ - $ - $ 11732364

Property Taxes Receivable 6190934 - - - 223452 - - - - 6414386

Accounts Receivable 1829862 1246266 393133 48897 - 474719 35732 - - 4028609

Inventory - - - - - 19353 66607 - - 85960

Prepaid Items 821698 - - - - - - - - 821698

Due From Other Funds 1933131 - 489875 - - - 42914 - - 2465920

Capital Assets Less Depreciation - - - - - 370363 5058 67996797 - 68372218

Amt to be Provided for Debt Service - - - - - - - - 31915000 31915000 Total Assets $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

LIABILITIES

Accounts Payable $ 555324 $ 333053 $ 826199 $ 2768722 $ - $ 108891 $ 8452 $ - $ - $ 4600641

Accrued Payroll 2285239 8722 514691 - - 74923 38028 - - 2921603

Due to Other Funds 532789 1594763 - - - 338368 - - - 2465920

Debt Service Payable - - - - - - - - 31915000 31915000

Total Liabilities $ 3373352 $ 1936538 $ 1340890 $ 2768722 $ - $ 522182 $ 46480 $ - $ 31915000 $ 41903164

FUND EQUITY

General Fixed Assets $ - $ - $ - $ - $ - $ - $ - $67996797 $ - $ 67996797

Retained Earnings - - - - - 487753 103831 - - 591584

Fund Balance - - - - - - - - - -

Reserve for Student Organizations - - - - - - - - - -

Reserve for Std Finl Assistance - - 27992 - - - - - - 27992

Reserve for Capital Projects - - - 2294112 - - - - - 2294112

Reserve for Debt Service - - - - 698876 - - - - 698876

Unreserved - - - - - - - - - -

Designated for Operations 11751022 13707 558901 - - - - - - 12323630

Total Fund Equity $ 11751022 $ 13707 $ 586893 $ 2294112 $ 698876 $ 487753 $ 103831 $67996797 $ - $ 83932991 Total Liability amp Fund Equity $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

24

CAPITAL PROJECTS LISTING

2019-20

Description Amount

Remodeling Campuses 3500000

Instructional Equipment used in Programs 2483641

Administrative Computer SoftwareHardware 846250

Instructional Computer SoftwareHardware 528750

Multimedia Classrooms 425000

Administrative Equipment 210000

Equipment for Physical Plant 190000

Office and Classroom Furniture 300000

$ 8483641

25

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

Budget Planning Assumptions

Financial projections are developed initially during the budget planning process and continue to be updated through budget development

Property Values Property values are expected to increase 4 from the level in 2018-19

Full-Time Equivalent Students (FTE) FTEs for 2019-20 are expected to be 4510 which is an increase of 222 above the projected 2018-19 estimate

Health Insurance The health insurance premium is expected to remain flat due to a stable claims experience

General State Aids Revenues from general state aids are expected to increase due to the Joint Finance Committee increasing General Aid in the forthcoming budget

State Grants WTCS State incentive grant revenues are expected to increase from 2018-19 due to increased awards

Student Fees Tuition rates will increase 171 over 2018-19

Institutional Revenue Institutional revenue is expected to increase due to an increase in contract revenue and High School Academies

Federal Grants Federal revenue is expected to increase due to the new multi-year Department of Education grant and an additional NSF grant

Fund Balance Based on the 2019-20 budget projections the General Fund balance will remain within the guidelines established by the CVTC Board

8

CHIPPEWA VALLEY TECHNICAL COLLEGE Position Summary - FTE Basis

Special

Actual Y-T-D Budget General Revenue Proprietary Fiduciary Total

Category 2017-18 2018-19 2019-20 Fund Fund Fund Fund 2019-20

Administrators

Supervisors 5500 5100 5000 4695 118 187 000 5000

Teachers 22900 22200 22700 20913 1787 22700

Specialists 000 000 000 000 000 000

Other Staff 21800 22100 21200 16174 3073 1953 000 21200

Total 50200 49400 48900 41782 4978 2140 000 48900

This schedule does not include the adjunct instructors for noncredit courses temporary staff students or the

limited-term project employees

9

FINANCIAL DATA

REVENUES

The following sources are used to classify the districtrsquos revenue

Local Government Revenue of the district that is derived from taxes levied on the

equalized property value within a district

State Aids Funds made available by the legislature for distribution to the district based

on a statutory formula of distribution and on competitive categorical appropriations

Program Fees Fees paid by students and set by the Wisconsin Technical College

System Board for tuition

Material Fees Fees paid by the students to cover the cost of instructional materials

used by the student or instructor in the classroom

Other Student Fees Fees paid by students to cover the cost of graduation transcripts

applications student activities registration testing and student projects

Institutional Revenue Revenue of the district that is derived from interest income

contracted services sales and rental income

Federal Revenue Revenue provided by the federal government often of a cost-

reimbursement nature Expenditures made with this revenue are identifiable as

federally supported expenditures

10

EXPENDITURES

The following functions are used to classify the districtrsquos expenditures

Instruction This function includes teaching academic administration (including clerical

support) and other activities related directly to the teaching of students guiding

students in the educational program and the coordination and improvement of teaching

Instructional Resources This function includes all learning resource activities such as

the library audiovisual learning resources center instructional media center

instructional resources administration and clerical support

Student Services This function includes those non-instructional services provided for

the student body such as student recruitment student services administration and

clerical support admissions registration counseling (including testing and evaluation)

financial aids placement and follow-up

General Institutional This function includes all services benefiting the entire district

exclusive of those chargeable directly to other functional categories The district board

presidentrsquos office business office data processing human resources public

communications and general supporting administrative offices are included in this

function

Physical Plant This function includes all services required for the operation and

maintenance of the districtrsquos physical facilities Principal and interest on long-term

obligations are included under this function as are the general utilitiesmdashheat light and

power

Auxiliary Services This function includes commercial type activities Examples include

bookstore duplicating auto parts dental clinic and parking

11

FUND EQUITY

The following reserves and designations are used to classify the districtrsquos fund equity

Retained Earnings Represents that portion of the fund equity which has been

accumulated from the operation of the Enterprise or Internal Service Funds

Reserve for Student Organizations Fund balance held in trust for student

organizations

Reserve for Student Financial Assistance Fund balance held in trust for student

financial assistance

Reserve for Capital Projects Segregation of a portion of the fund balance which is

exclusively and specifically for the acquisition and improvement of sites and for the

acquisition construction equipping and renovation of buildings

Reserve for Debt Service Segregation of the fund equity for Debt Service Fund

resources legally restricted to the payment of general long-term debt principal and

interest

Designated for Operations Portion of the unreserved fund balance which is designated

to be used to provide for normal fluctuations in operating cash balances

Designated for Subsequent Years Portion of the unreserved fund balance which is

designated to fund operations subsequent to the forthcoming budget year

12

CHIPPEWA VALLEY TECHNICAL COLLEGE Notice of Public Hearing

July 1 2019 - June 30 2020

A public hearing on the proposed fiscal year 2019-2020 budget for the Chippewa Valley Technical

College will be held on June 27 2019 at 530 pm in the

RCU Community Center (100A) 620 West Clairemont Avenue Eau Claire WI

The detailed budget is available for public inspection at the Administrative Office (100)

620 West Clairemont Avenue Eau Claire WI Monday through Friday between the hours of 8 am and 4 pm

PROPERTY TAX AND EXPENDITURE HISTORY

Fiscal Equalized Mill Rates Total Percent

Year Valuation Operations(2) Debt Service Mill Rate Inc(Dec)

2015-16 21767542539 057396 031239 088635 (124)

2016-17 22604603466 057695 030082 087777 (097)

2017-18 23603071573 057510 028810 08632 (166)

2018-19 24723807042 057142 027504 084646 (194)

2019-20 (1) 25712759324 057163 026446 083609 (123)

Tax on a

Fiscal Total Percent Property Percent $100000

Year(2) Expenditures Inc(Dec) Tax Levy Inc(Dec) House

2015-16 91154700 (597) $19293590 271 $8864

2016-17 91858240 077 $19841626 284 $8778

2017-18 92682472 090 $20374010 268 $8632

2018-19 90020942 (287) $20927687 272 $8465

2019-20 91364637 149 $21498196 273 $8361

BUDGETFUND BALANCE SUMMARY-ALL FUNDS

Special Special

Revenue Revenue Capital Debt

Fund - Fund - Projects Service Proprietary

General Fund Operational Nonaidable Fund Fund Fund Total

Tax Levy $13548196 $1100000 $50000 $0 $6800000 $0 $21498196

Other Budgeted Revenues $42172728 $6072064 $8324117 $1343641 $91523 $5091938 $63096011

Subtotal $55720924 $7172064 $8374117 $1343641 $6891523 $5091938 $84594207

Budgeted expenditures $55570924 $7103832 $8372779 $8483641 $6891523 $4941938 $91364637

Excess of Revenues

over Expenditures $150000 $68232 $1338 ($7140000) $0 $150000 ($6770430)

Residual Equity Transfers $0 $0 $0 $0 $0 $0 $0

Operating Transfers $150000 $0 $0 $0 $0 ($150000) $0

Proceeds from Debt $0 $0 $0 $5340000 $0 $0 $5340000

Est Fund Balance 70119 $11751022 $13707 $586893 $2294112 $698876 $591584 $15936195

Est Fund Balance 63020 $12051022 $81939 $588231 $494112 $698876 $591584 $14505765

(1) Equalized Valuation is projected to increase 4 in fiscal year 2020

(2) Fiscal years 2016 - 2018 represent actual amounts 2019 is projected and 2020 is the proposed budget

13

CHIPPEWA VALLEY TECHNICAL COLLEGE

Notice of Public Hearing

Budget Summary-General Fund

Fiscal Year 2019-20

2017-18

Actual(3)

2018-19

Budget

2018-19

Estimated(4)

2019-20

Budget

REVENUES

Local Government

State Aids

Program Fees

Material Fees

Other Student Fees

Institutional

Federal

Total Revenues

12494617

23739291

13960524

806183

810729

688257

26305

52525906

12950299

23572299

14592469

810000

868000

831300

25000

53649367

12977687

23888599

13843474

810000

1000930

854345

25000

53400035

13548196

24516532

14111000

810000

1000000

1710196

25000

55720924

EXPENDITURES

Instruction

Instructional Resources

Student Services

General Institutional

Physical Plant

Total Expenditures

Net Revenue (Expenditures)

33234478

710414

3914411

11525057

4416944

53801304

(1275398)

34241590

745496

3966049

11559155

4726168

55238458

(1589091)

34238420

701460

3960218

11534194

4711677

55145968

(1745933)

35493393

721556

4041103

10559765

4755107

55570924

150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

0

(1275398)

540224

0

(1048867)

540224

0

(1205709)

0

150000

300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations

Designated for

Subsequent Years

Total Transfers To (From)

Fund Balance

Beginning Fund Balance

Ending Fund Balance

EXPENDITURES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Expenditures by Fund

0

(1275398)

(1275398)

14232129

12956731

53801304

11107458

9177185

10734560

6905092

3388856

1062274

96176729

0

(1048867)

(1048867)

12956731

11907864

55238458

6408288

9405969

8704215

6880746

3567020

1120000

91324696

0

(1205709)

(1205709)

12956731

11751022

55145968

5706000

9159434

8688000

6831540

3450000

1040000

90020942

0

300000

300000

11751022

12051022

55570924

7103832

8372779

8483641

6891523

3831938

1110000

91364637

Change (5)

in Budget

060

1085

-1098

-253

016

743

-089

004

REVENUES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Revenues by Fund

52525906

11037229

9214918

1608261

7013073

3277033

1095402

85771822

53649367

6439486

9623589

312215

6880746

3578528

1120000

81603931

53400035

5658503

8989226

1220692

6850000

3329380

1047959

80495795

55720924

7172064

8374117

1343641

6891523

3981938

1110000

84594207

386

1138

-1298

33036

016

1127

-089

366

(3) Actual is presented on a budgetary basis

(4) Estimate is based upon 10 months of actual and 2 months of estimate

(5) (2019-20 budget - 2018-19 budget) 2018-19 budget

14

GENERAL FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 12494617 12950299 12977687 13548196

State - Property Tax Relief Aid 18322299 18322299 18322299 18322299

State Aids 5416992 5250000 5566300 6194233

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 810729 868000 1000930 1000000

Institutional 688257 831300 854345 1710196

Federal 26305 25000 25000 25000

Total Revenues 52525906 53649367 53400035 55720924

EXPENDITURES

Instruction 33234478 34241590 34238420 35493393

Instructional Resources 710414 745496 701460 721556

Student Services 3914411 3966049 3960218 4041103

General Institutional 11525057 11559155 11534194 10559765

Physical Plant 4416944 4726168 4711677 4755107

Total Expenditures 53801304 55238458 55145968 55570924

Net Revenue (Expenditures) (1275398) (1589091) (1745933) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 540224 540224 0

Operating Transfer In (Out) 0 0 0 150000

Total Resources (Uses) (1275398) (1048867) (1205709) 300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1275398) (1048867) (1205709) 300000

Total Transfers To (From) Fund Balance (1275398) (1048867) (1205709) 300000

Beginning Fund Balance 14232129 12956731 12956731 11751022

Ending Fund Balance 12956731 11907864 11751022 12051022

Fund Balance of Expenditures 241 216 213 217

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

The General Fund is used to account for all financial activities except those required to be accounted for in

another fund

15

SPECIAL REVENUE FUND-OPERATIONAL

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 1100000 1100000 1100000 1100000

State Aids 2326397 1627983 1427000 2111692

Other Student Fees 148170 220000 100000 844820

Institutional 964305 1060000 600000 0

Federal 6498357 2431503 2431503 3115552

Total Revenues 11037229 6439486 5658503 7172064

EXPENDITURES

Instruction 9390220 4636445 4000000 4700162

Instructional Resources 720 13280 13000 42210

Student Services 1315200 1363314 1300000 2008462

General Institutional 341662 329660 328000 274036

Physical Plant 59656 65589 65000 78962

Auxiliary Services 0 0 0 0

Total Expenditures 11107458 6408288 5706000 7103832

Net Revenue (Expenditures) (70229) 31198 (47497) 68232

OTHER SOURCES (USES)

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) (70229) 31198 (47497) 68232

TRANSFERS TO (FROM) FUND BALANCE

Designated for Operations (70229) 31198 (47497) 68232

Total Transfers To (From) Fund Balance (70229) 31198 (47497) 68232

Beginning Fund Balance 131433 61204 61204 13707

Ending Fund Balance 61204 92402 13707 81939

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Operational are used to account for the proceeds and related financial activity of

specific revenue sources that are legally restricted to specific purposes other than expendable trusts or

major capital projects

16

SPECIAL REVENUE FUND-NONAIDABLE

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Other Student Fees

Institutional

Federal

Total Revenues

2017-18

Actual

50000

826892

553104

7784922

9214918

2018-19

Budget

50000

844820

725519

8003250

9623589

2018-19

Estimate

50000

830000

572000

7537226

8989226

2019-20

Budget

50000

0

248000

8076117

8374117

EXPENDITURES

Instruction

Student Services

General Institutional

Total Expenditures

54777

9122408

0

9177185

95909

9302560

7500

9405969

62500

9094934

2000

9159434

133500

8232279

7000

8372779

Net Revenue (Expenditures) 37733 217620 (170208) 1338

OTHER SOURCES (USES)

Operating Transfer In (Out)

Total Resources (Uses)

(408000)

(370267)

(600000)

(382380)

(600000)

(770208)

0

1338

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Student Organizations

Reserve for Student Finl Assistance

Total Transfers To (From) Fund Balance

(370267)

0

(370267)

(382380)

0

(382380)

(770208)

0

(770208)

1338

0

1338

Beginning Fund Balance

Ending Fund Balance

1727368

1357101

1357101

974721

1357101

586893

586893

588231

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Nonaidable are used to account for assets held by a district as an agent for

individuals private organizations other governmental units or other funds

17

CAPITAL PROJECTS FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

State Aids 390544 99215 112083 111055

Institutional 542114 170000 1041198 600000

Federal 675603 43000 67411 632586

Total Revenues 1608261 312215 1220692 1343641

EXPENDITURES

Instruction 3147428 2252723 2250000 2483641

Instructional Resources 680058 642000 640000 425000

Student Services 6748 10000 8000 10000

General Institutional 1381491 1508000 1500000 1575000

Physical Plant 5480785 4291492 4290000 3990000

Auxiliary Services 38050 0 0 0

Total Expenditures 10734560 8704215 8688000 8483641

Net Revenue (Expenditures) (9126299) (8392000) (7467308) (7140000)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Operating Transfer In (Out) 400000 600000 600000 0

Total Resources (Uses) 5673701 108000 (3867308) (1800000)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Total Transfers To (From) Fund Balance 5673701 108000 (3867308) (1800000)

Beginning Fund Balance 487719 6161420 6161420 2294112

Ending Fund Balance 6161420 6269420 2294112 494112

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Capital Projects Funds are used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisition construction equipping and remodeling

of buildings

18

DEBT SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Institutional

Total Revenues

2017-18

Actual

6800000

213073

7013073

2018-19

Budget

6800000

80746

6880746

2018-19

Estimate

6800000

50000

6850000

2019-20

Budget

6800000

91523

6891523

EXPENDITURES

Physical Plant

Total Expenditures

6905092

6905092

6880746

6880746

6831540

6831540

6891523

6891523

Net Revenue (Expenditures) 107981 0 18460 0

OTHER SOURCES (USES)

Proceeds from Debt

Operating Transfer In (Out)

Total Resources (Uses)

0

0

107981

0

0

0

0

0

18460

0

0

0

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Debt Service

Total Transfers To (From) Fund Balance

107981

107981

0

0

18460

18460

0

0

Beginning Fund Balance

Ending Fund Balance

572435

680416

680416

680416

680416

698876

698876

698876

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Debt Service Funds are used to account for the accumulation of resources for and the payment of general

long-term debt and long-term lease purchase principal and interest

19

ENTERPRISE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

State Aids

Institutional

Total Revenues

2017-18

Actual

141280

3135753

3277033

2018-19

Budget

136380

3442148

3578528

2018-19

Estimate

136380

3193000

3329380

2019-20

Budget

136380

3845558

3981938

EXPENDITURES

Auxiliary Services

Total Expenditures

3388856

3388856

3567020

3567020

3450000

3450000

3831938

3831938

Net Revenue (Expenditures) (111823) 11508 (120620) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

8000

(103823)

(540224)

0

(528716)

(540224)

0

(660844)

0

(150000)

0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings

Total Transfers To (From) Fund Balance

(103823)

(103823)

(528716)

(528716)

(660844)

(660844)

0

0

Beginning Fund Balance

Ending Fund Balance

1252420

1148597

1148597

619881

1148597

487753

487753

487753

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Enterprise Funds are used to account for operations where the costs of providing goods or services to the

student body faculty and staff or the general public are financed primarily through user fees

20

INTERNAL SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Institutional 1095402 1120000 1047959 1110000

Total Revenues 1095402 1120000 1047959 1110000

EXPENDITURES

Auxiliary Services 1062274 1120000 1040000 1110000

Total Expenditures 1062274 1120000 1040000 1110000

Net Revenue (Expenditures) 33128 0 7959 0

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 33128 0 7959 0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings 33128 0 7959 0

Total Transfers To (From) Fund Balance 33128 0 7959 0

Beginning Fund Balance 62744 95872 95872 103831

Ending Fund Balance 95872 95872 103831 103831

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Internal Service Funds are used to account for the financing and related financial activity of goods and services

provided by one department to other departments of the district on a cost-reimbursement basis

21

BUDGETED EXPENDITURES BY OBJECT LEVEL

2019-20 BUDGET YEAR

Personnel Expenses

Salaries and Wages

Fringe Benefits

34944350

16142147

$51086497

Current Expenses 24902976

Capital Outlay 8483641

Debt Service 6891523

Total Budgeted Expenditures $91364637

Includes all funds

DEFINITIONS

Personnel Expenses Payroll expenditures which include wages health and dental insurance long-term

disability group life insurance retirement and social security contributions

Current Expenses Expenditures incurred during the fiscal year in progress--examples are supplies repairs

postage consulting services media services utilities and insurances

Capital Outlay Expenditures which result in the acquisition of fixed assets having a life of two or more

years and a cost greater than $5000 It is an expenditure for land buildings improvements to buildings

remodeling and major equipment

Debt Service Interest and principal payments made against the outstanding long-term debt of bonds

and notes payable and installment purchases

22

Combined Budget Summary

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 20444617 20900299 20927687 21498196

State Aids 26597512 25435877 25564062 26875659

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 1785791 1932820 1930930 1844820

Institutional 7192008 7429713 7358502 7605277

Federal 14985187 10502753 10061140 11849255

Total Revenues 85771822 81603931 80495795 84594207

EXPENDITURES

Instruction 45826903 41226667 40550920 42810696

Instructional Resources 1391192 1400776 1354460 1188766

Student Services 14358767 14641923 14363152 14291844

General Institutional 13248210 13404315 13364194 12415801

Physical Plant 16862477 15963995 15898217 15715592

Auxiliary Services 4489180 4687020 4490000 4941938

Total Expenditures 96176729 91324696 90020942 91364637

Net Revenue (Expenditures) (10404907) (9720765) (9525146) (6770430)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 3995093 (1820765) (6525146) (1430430)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Reserve for Debt Service 107981 0 18460 0

Retained Earnings (70695) (528716) (652885) 0

Reserve for Student Organizations (370267) (382380) (770208) 1338

Reserve for Student Finl Assistance 0 0 0 0

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1345627) (1017669) (1253206) 368232

Total Transfers To (From) Fund Balance 3995093 (1820765) (6525146) (1430430)

Beginning Fund Balance 18466248 22461341 22461341 15936195

Ending Fund Balance 22461341 20640576 15936195 14505765

EXPENDITURES BY FUND

General 53801304 55238458 55145968 55570924

Special Revenue-Operational 11107458 6408288 5706000 7103832

Special Revenue-Nonaidable 9177185 9405969 9159434 8372779

Capital Projects 10734560 8704215 8688000 8483641

Debt Service 6905092 6880746 6831540 6891523

Enterprise 3388856 3567020 3450000 3831938

Internal Service 1062274 1120000 1040000 1110000

Total Expenditures by Fund 96176729 91324696 90020942 91364637

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

23

PROFORMA BALANCE SHEET June 30 2019

Governmental Fund Category Proprietary Fund Account Group Total

Category

Special Special

Revenue- Revenue- Capital Debt Internal Fixed Long-Term (Memorandum

CURRENT ASSETS General Operational Non-aidable Projects Service Enterprise Service Assets Obligations Only)

Cash and Cash Equivalents $ 4348749 $ 703979 $ 1044775 $ 5013937 $ 475424 $ 145500 $ - $ - $ - $ 11732364

Property Taxes Receivable 6190934 - - - 223452 - - - - 6414386

Accounts Receivable 1829862 1246266 393133 48897 - 474719 35732 - - 4028609

Inventory - - - - - 19353 66607 - - 85960

Prepaid Items 821698 - - - - - - - - 821698

Due From Other Funds 1933131 - 489875 - - - 42914 - - 2465920

Capital Assets Less Depreciation - - - - - 370363 5058 67996797 - 68372218

Amt to be Provided for Debt Service - - - - - - - - 31915000 31915000 Total Assets $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

LIABILITIES

Accounts Payable $ 555324 $ 333053 $ 826199 $ 2768722 $ - $ 108891 $ 8452 $ - $ - $ 4600641

Accrued Payroll 2285239 8722 514691 - - 74923 38028 - - 2921603

Due to Other Funds 532789 1594763 - - - 338368 - - - 2465920

Debt Service Payable - - - - - - - - 31915000 31915000

Total Liabilities $ 3373352 $ 1936538 $ 1340890 $ 2768722 $ - $ 522182 $ 46480 $ - $ 31915000 $ 41903164

FUND EQUITY

General Fixed Assets $ - $ - $ - $ - $ - $ - $ - $67996797 $ - $ 67996797

Retained Earnings - - - - - 487753 103831 - - 591584

Fund Balance - - - - - - - - - -

Reserve for Student Organizations - - - - - - - - - -

Reserve for Std Finl Assistance - - 27992 - - - - - - 27992

Reserve for Capital Projects - - - 2294112 - - - - - 2294112

Reserve for Debt Service - - - - 698876 - - - - 698876

Unreserved - - - - - - - - - -

Designated for Operations 11751022 13707 558901 - - - - - - 12323630

Total Fund Equity $ 11751022 $ 13707 $ 586893 $ 2294112 $ 698876 $ 487753 $ 103831 $67996797 $ - $ 83932991 Total Liability amp Fund Equity $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

24

CAPITAL PROJECTS LISTING

2019-20

Description Amount

Remodeling Campuses 3500000

Instructional Equipment used in Programs 2483641

Administrative Computer SoftwareHardware 846250

Instructional Computer SoftwareHardware 528750

Multimedia Classrooms 425000

Administrative Equipment 210000

Equipment for Physical Plant 190000

Office and Classroom Furniture 300000

$ 8483641

25

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

CHIPPEWA VALLEY TECHNICAL COLLEGE Position Summary - FTE Basis

Special

Actual Y-T-D Budget General Revenue Proprietary Fiduciary Total

Category 2017-18 2018-19 2019-20 Fund Fund Fund Fund 2019-20

Administrators

Supervisors 5500 5100 5000 4695 118 187 000 5000

Teachers 22900 22200 22700 20913 1787 22700

Specialists 000 000 000 000 000 000

Other Staff 21800 22100 21200 16174 3073 1953 000 21200

Total 50200 49400 48900 41782 4978 2140 000 48900

This schedule does not include the adjunct instructors for noncredit courses temporary staff students or the

limited-term project employees

9

FINANCIAL DATA

REVENUES

The following sources are used to classify the districtrsquos revenue

Local Government Revenue of the district that is derived from taxes levied on the

equalized property value within a district

State Aids Funds made available by the legislature for distribution to the district based

on a statutory formula of distribution and on competitive categorical appropriations

Program Fees Fees paid by students and set by the Wisconsin Technical College

System Board for tuition

Material Fees Fees paid by the students to cover the cost of instructional materials

used by the student or instructor in the classroom

Other Student Fees Fees paid by students to cover the cost of graduation transcripts

applications student activities registration testing and student projects

Institutional Revenue Revenue of the district that is derived from interest income

contracted services sales and rental income

Federal Revenue Revenue provided by the federal government often of a cost-

reimbursement nature Expenditures made with this revenue are identifiable as

federally supported expenditures

10

EXPENDITURES

The following functions are used to classify the districtrsquos expenditures

Instruction This function includes teaching academic administration (including clerical

support) and other activities related directly to the teaching of students guiding

students in the educational program and the coordination and improvement of teaching

Instructional Resources This function includes all learning resource activities such as

the library audiovisual learning resources center instructional media center

instructional resources administration and clerical support

Student Services This function includes those non-instructional services provided for

the student body such as student recruitment student services administration and

clerical support admissions registration counseling (including testing and evaluation)

financial aids placement and follow-up

General Institutional This function includes all services benefiting the entire district

exclusive of those chargeable directly to other functional categories The district board

presidentrsquos office business office data processing human resources public

communications and general supporting administrative offices are included in this

function

Physical Plant This function includes all services required for the operation and

maintenance of the districtrsquos physical facilities Principal and interest on long-term

obligations are included under this function as are the general utilitiesmdashheat light and

power

Auxiliary Services This function includes commercial type activities Examples include

bookstore duplicating auto parts dental clinic and parking

11

FUND EQUITY

The following reserves and designations are used to classify the districtrsquos fund equity

Retained Earnings Represents that portion of the fund equity which has been

accumulated from the operation of the Enterprise or Internal Service Funds

Reserve for Student Organizations Fund balance held in trust for student

organizations

Reserve for Student Financial Assistance Fund balance held in trust for student

financial assistance

Reserve for Capital Projects Segregation of a portion of the fund balance which is

exclusively and specifically for the acquisition and improvement of sites and for the

acquisition construction equipping and renovation of buildings

Reserve for Debt Service Segregation of the fund equity for Debt Service Fund

resources legally restricted to the payment of general long-term debt principal and

interest

Designated for Operations Portion of the unreserved fund balance which is designated

to be used to provide for normal fluctuations in operating cash balances

Designated for Subsequent Years Portion of the unreserved fund balance which is

designated to fund operations subsequent to the forthcoming budget year

12

CHIPPEWA VALLEY TECHNICAL COLLEGE Notice of Public Hearing

July 1 2019 - June 30 2020

A public hearing on the proposed fiscal year 2019-2020 budget for the Chippewa Valley Technical

College will be held on June 27 2019 at 530 pm in the

RCU Community Center (100A) 620 West Clairemont Avenue Eau Claire WI

The detailed budget is available for public inspection at the Administrative Office (100)

620 West Clairemont Avenue Eau Claire WI Monday through Friday between the hours of 8 am and 4 pm

PROPERTY TAX AND EXPENDITURE HISTORY

Fiscal Equalized Mill Rates Total Percent

Year Valuation Operations(2) Debt Service Mill Rate Inc(Dec)

2015-16 21767542539 057396 031239 088635 (124)

2016-17 22604603466 057695 030082 087777 (097)

2017-18 23603071573 057510 028810 08632 (166)

2018-19 24723807042 057142 027504 084646 (194)

2019-20 (1) 25712759324 057163 026446 083609 (123)

Tax on a

Fiscal Total Percent Property Percent $100000

Year(2) Expenditures Inc(Dec) Tax Levy Inc(Dec) House

2015-16 91154700 (597) $19293590 271 $8864

2016-17 91858240 077 $19841626 284 $8778

2017-18 92682472 090 $20374010 268 $8632

2018-19 90020942 (287) $20927687 272 $8465

2019-20 91364637 149 $21498196 273 $8361

BUDGETFUND BALANCE SUMMARY-ALL FUNDS

Special Special

Revenue Revenue Capital Debt

Fund - Fund - Projects Service Proprietary

General Fund Operational Nonaidable Fund Fund Fund Total

Tax Levy $13548196 $1100000 $50000 $0 $6800000 $0 $21498196

Other Budgeted Revenues $42172728 $6072064 $8324117 $1343641 $91523 $5091938 $63096011

Subtotal $55720924 $7172064 $8374117 $1343641 $6891523 $5091938 $84594207

Budgeted expenditures $55570924 $7103832 $8372779 $8483641 $6891523 $4941938 $91364637

Excess of Revenues

over Expenditures $150000 $68232 $1338 ($7140000) $0 $150000 ($6770430)

Residual Equity Transfers $0 $0 $0 $0 $0 $0 $0

Operating Transfers $150000 $0 $0 $0 $0 ($150000) $0

Proceeds from Debt $0 $0 $0 $5340000 $0 $0 $5340000

Est Fund Balance 70119 $11751022 $13707 $586893 $2294112 $698876 $591584 $15936195

Est Fund Balance 63020 $12051022 $81939 $588231 $494112 $698876 $591584 $14505765

(1) Equalized Valuation is projected to increase 4 in fiscal year 2020

(2) Fiscal years 2016 - 2018 represent actual amounts 2019 is projected and 2020 is the proposed budget

13

CHIPPEWA VALLEY TECHNICAL COLLEGE

Notice of Public Hearing

Budget Summary-General Fund

Fiscal Year 2019-20

2017-18

Actual(3)

2018-19

Budget

2018-19

Estimated(4)

2019-20

Budget

REVENUES

Local Government

State Aids

Program Fees

Material Fees

Other Student Fees

Institutional

Federal

Total Revenues

12494617

23739291

13960524

806183

810729

688257

26305

52525906

12950299

23572299

14592469

810000

868000

831300

25000

53649367

12977687

23888599

13843474

810000

1000930

854345

25000

53400035

13548196

24516532

14111000

810000

1000000

1710196

25000

55720924

EXPENDITURES

Instruction

Instructional Resources

Student Services

General Institutional

Physical Plant

Total Expenditures

Net Revenue (Expenditures)

33234478

710414

3914411

11525057

4416944

53801304

(1275398)

34241590

745496

3966049

11559155

4726168

55238458

(1589091)

34238420

701460

3960218

11534194

4711677

55145968

(1745933)

35493393

721556

4041103

10559765

4755107

55570924

150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

0

(1275398)

540224

0

(1048867)

540224

0

(1205709)

0

150000

300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations

Designated for

Subsequent Years

Total Transfers To (From)

Fund Balance

Beginning Fund Balance

Ending Fund Balance

EXPENDITURES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Expenditures by Fund

0

(1275398)

(1275398)

14232129

12956731

53801304

11107458

9177185

10734560

6905092

3388856

1062274

96176729

0

(1048867)

(1048867)

12956731

11907864

55238458

6408288

9405969

8704215

6880746

3567020

1120000

91324696

0

(1205709)

(1205709)

12956731

11751022

55145968

5706000

9159434

8688000

6831540

3450000

1040000

90020942

0

300000

300000

11751022

12051022

55570924

7103832

8372779

8483641

6891523

3831938

1110000

91364637

Change (5)

in Budget

060

1085

-1098

-253

016

743

-089

004

REVENUES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Revenues by Fund

52525906

11037229

9214918

1608261

7013073

3277033

1095402

85771822

53649367

6439486

9623589

312215

6880746

3578528

1120000

81603931

53400035

5658503

8989226

1220692

6850000

3329380

1047959

80495795

55720924

7172064

8374117

1343641

6891523

3981938

1110000

84594207

386

1138

-1298

33036

016

1127

-089

366

(3) Actual is presented on a budgetary basis

(4) Estimate is based upon 10 months of actual and 2 months of estimate

(5) (2019-20 budget - 2018-19 budget) 2018-19 budget

14

GENERAL FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 12494617 12950299 12977687 13548196

State - Property Tax Relief Aid 18322299 18322299 18322299 18322299

State Aids 5416992 5250000 5566300 6194233

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 810729 868000 1000930 1000000

Institutional 688257 831300 854345 1710196

Federal 26305 25000 25000 25000

Total Revenues 52525906 53649367 53400035 55720924

EXPENDITURES

Instruction 33234478 34241590 34238420 35493393

Instructional Resources 710414 745496 701460 721556

Student Services 3914411 3966049 3960218 4041103

General Institutional 11525057 11559155 11534194 10559765

Physical Plant 4416944 4726168 4711677 4755107

Total Expenditures 53801304 55238458 55145968 55570924

Net Revenue (Expenditures) (1275398) (1589091) (1745933) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 540224 540224 0

Operating Transfer In (Out) 0 0 0 150000

Total Resources (Uses) (1275398) (1048867) (1205709) 300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1275398) (1048867) (1205709) 300000

Total Transfers To (From) Fund Balance (1275398) (1048867) (1205709) 300000

Beginning Fund Balance 14232129 12956731 12956731 11751022

Ending Fund Balance 12956731 11907864 11751022 12051022

Fund Balance of Expenditures 241 216 213 217

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

The General Fund is used to account for all financial activities except those required to be accounted for in

another fund

15

SPECIAL REVENUE FUND-OPERATIONAL

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 1100000 1100000 1100000 1100000

State Aids 2326397 1627983 1427000 2111692

Other Student Fees 148170 220000 100000 844820

Institutional 964305 1060000 600000 0

Federal 6498357 2431503 2431503 3115552

Total Revenues 11037229 6439486 5658503 7172064

EXPENDITURES

Instruction 9390220 4636445 4000000 4700162

Instructional Resources 720 13280 13000 42210

Student Services 1315200 1363314 1300000 2008462

General Institutional 341662 329660 328000 274036

Physical Plant 59656 65589 65000 78962

Auxiliary Services 0 0 0 0

Total Expenditures 11107458 6408288 5706000 7103832

Net Revenue (Expenditures) (70229) 31198 (47497) 68232

OTHER SOURCES (USES)

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) (70229) 31198 (47497) 68232

TRANSFERS TO (FROM) FUND BALANCE

Designated for Operations (70229) 31198 (47497) 68232

Total Transfers To (From) Fund Balance (70229) 31198 (47497) 68232

Beginning Fund Balance 131433 61204 61204 13707

Ending Fund Balance 61204 92402 13707 81939

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Operational are used to account for the proceeds and related financial activity of

specific revenue sources that are legally restricted to specific purposes other than expendable trusts or

major capital projects

16

SPECIAL REVENUE FUND-NONAIDABLE

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Other Student Fees

Institutional

Federal

Total Revenues

2017-18

Actual

50000

826892

553104

7784922

9214918

2018-19

Budget

50000

844820

725519

8003250

9623589

2018-19

Estimate

50000

830000

572000

7537226

8989226

2019-20

Budget

50000

0

248000

8076117

8374117

EXPENDITURES

Instruction

Student Services

General Institutional

Total Expenditures

54777

9122408

0

9177185

95909

9302560

7500

9405969

62500

9094934

2000

9159434

133500

8232279

7000

8372779

Net Revenue (Expenditures) 37733 217620 (170208) 1338

OTHER SOURCES (USES)

Operating Transfer In (Out)

Total Resources (Uses)

(408000)

(370267)

(600000)

(382380)

(600000)

(770208)

0

1338

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Student Organizations

Reserve for Student Finl Assistance

Total Transfers To (From) Fund Balance

(370267)

0

(370267)

(382380)

0

(382380)

(770208)

0

(770208)

1338

0

1338

Beginning Fund Balance

Ending Fund Balance

1727368

1357101

1357101

974721

1357101

586893

586893

588231

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Nonaidable are used to account for assets held by a district as an agent for

individuals private organizations other governmental units or other funds

17

CAPITAL PROJECTS FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

State Aids 390544 99215 112083 111055

Institutional 542114 170000 1041198 600000

Federal 675603 43000 67411 632586

Total Revenues 1608261 312215 1220692 1343641

EXPENDITURES

Instruction 3147428 2252723 2250000 2483641

Instructional Resources 680058 642000 640000 425000

Student Services 6748 10000 8000 10000

General Institutional 1381491 1508000 1500000 1575000

Physical Plant 5480785 4291492 4290000 3990000

Auxiliary Services 38050 0 0 0

Total Expenditures 10734560 8704215 8688000 8483641

Net Revenue (Expenditures) (9126299) (8392000) (7467308) (7140000)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Operating Transfer In (Out) 400000 600000 600000 0

Total Resources (Uses) 5673701 108000 (3867308) (1800000)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Total Transfers To (From) Fund Balance 5673701 108000 (3867308) (1800000)

Beginning Fund Balance 487719 6161420 6161420 2294112

Ending Fund Balance 6161420 6269420 2294112 494112

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Capital Projects Funds are used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisition construction equipping and remodeling

of buildings

18

DEBT SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Institutional

Total Revenues

2017-18

Actual

6800000

213073

7013073

2018-19

Budget

6800000

80746

6880746

2018-19

Estimate

6800000

50000

6850000

2019-20

Budget

6800000

91523

6891523

EXPENDITURES

Physical Plant

Total Expenditures

6905092

6905092

6880746

6880746

6831540

6831540

6891523

6891523

Net Revenue (Expenditures) 107981 0 18460 0

OTHER SOURCES (USES)

Proceeds from Debt

Operating Transfer In (Out)

Total Resources (Uses)

0

0

107981

0

0

0

0

0

18460

0

0

0

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Debt Service

Total Transfers To (From) Fund Balance

107981

107981

0

0

18460

18460

0

0

Beginning Fund Balance

Ending Fund Balance

572435

680416

680416

680416

680416

698876

698876

698876

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Debt Service Funds are used to account for the accumulation of resources for and the payment of general

long-term debt and long-term lease purchase principal and interest

19

ENTERPRISE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

State Aids

Institutional

Total Revenues

2017-18

Actual

141280

3135753

3277033

2018-19

Budget

136380

3442148

3578528

2018-19

Estimate

136380

3193000

3329380

2019-20

Budget

136380

3845558

3981938

EXPENDITURES

Auxiliary Services

Total Expenditures

3388856

3388856

3567020

3567020

3450000

3450000

3831938

3831938

Net Revenue (Expenditures) (111823) 11508 (120620) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

8000

(103823)

(540224)

0

(528716)

(540224)

0

(660844)

0

(150000)

0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings

Total Transfers To (From) Fund Balance

(103823)

(103823)

(528716)

(528716)

(660844)

(660844)

0

0

Beginning Fund Balance

Ending Fund Balance

1252420

1148597

1148597

619881

1148597

487753

487753

487753

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Enterprise Funds are used to account for operations where the costs of providing goods or services to the

student body faculty and staff or the general public are financed primarily through user fees

20

INTERNAL SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Institutional 1095402 1120000 1047959 1110000

Total Revenues 1095402 1120000 1047959 1110000

EXPENDITURES

Auxiliary Services 1062274 1120000 1040000 1110000

Total Expenditures 1062274 1120000 1040000 1110000

Net Revenue (Expenditures) 33128 0 7959 0

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 33128 0 7959 0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings 33128 0 7959 0

Total Transfers To (From) Fund Balance 33128 0 7959 0

Beginning Fund Balance 62744 95872 95872 103831

Ending Fund Balance 95872 95872 103831 103831

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Internal Service Funds are used to account for the financing and related financial activity of goods and services

provided by one department to other departments of the district on a cost-reimbursement basis

21

BUDGETED EXPENDITURES BY OBJECT LEVEL

2019-20 BUDGET YEAR

Personnel Expenses

Salaries and Wages

Fringe Benefits

34944350

16142147

$51086497

Current Expenses 24902976

Capital Outlay 8483641

Debt Service 6891523

Total Budgeted Expenditures $91364637

Includes all funds

DEFINITIONS

Personnel Expenses Payroll expenditures which include wages health and dental insurance long-term

disability group life insurance retirement and social security contributions

Current Expenses Expenditures incurred during the fiscal year in progress--examples are supplies repairs

postage consulting services media services utilities and insurances

Capital Outlay Expenditures which result in the acquisition of fixed assets having a life of two or more

years and a cost greater than $5000 It is an expenditure for land buildings improvements to buildings

remodeling and major equipment

Debt Service Interest and principal payments made against the outstanding long-term debt of bonds

and notes payable and installment purchases

22

Combined Budget Summary

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 20444617 20900299 20927687 21498196

State Aids 26597512 25435877 25564062 26875659

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 1785791 1932820 1930930 1844820

Institutional 7192008 7429713 7358502 7605277

Federal 14985187 10502753 10061140 11849255

Total Revenues 85771822 81603931 80495795 84594207

EXPENDITURES

Instruction 45826903 41226667 40550920 42810696

Instructional Resources 1391192 1400776 1354460 1188766

Student Services 14358767 14641923 14363152 14291844

General Institutional 13248210 13404315 13364194 12415801

Physical Plant 16862477 15963995 15898217 15715592

Auxiliary Services 4489180 4687020 4490000 4941938

Total Expenditures 96176729 91324696 90020942 91364637

Net Revenue (Expenditures) (10404907) (9720765) (9525146) (6770430)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 3995093 (1820765) (6525146) (1430430)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Reserve for Debt Service 107981 0 18460 0

Retained Earnings (70695) (528716) (652885) 0

Reserve for Student Organizations (370267) (382380) (770208) 1338

Reserve for Student Finl Assistance 0 0 0 0

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1345627) (1017669) (1253206) 368232

Total Transfers To (From) Fund Balance 3995093 (1820765) (6525146) (1430430)

Beginning Fund Balance 18466248 22461341 22461341 15936195

Ending Fund Balance 22461341 20640576 15936195 14505765

EXPENDITURES BY FUND

General 53801304 55238458 55145968 55570924

Special Revenue-Operational 11107458 6408288 5706000 7103832

Special Revenue-Nonaidable 9177185 9405969 9159434 8372779

Capital Projects 10734560 8704215 8688000 8483641

Debt Service 6905092 6880746 6831540 6891523

Enterprise 3388856 3567020 3450000 3831938

Internal Service 1062274 1120000 1040000 1110000

Total Expenditures by Fund 96176729 91324696 90020942 91364637

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

23

PROFORMA BALANCE SHEET June 30 2019

Governmental Fund Category Proprietary Fund Account Group Total

Category

Special Special

Revenue- Revenue- Capital Debt Internal Fixed Long-Term (Memorandum

CURRENT ASSETS General Operational Non-aidable Projects Service Enterprise Service Assets Obligations Only)

Cash and Cash Equivalents $ 4348749 $ 703979 $ 1044775 $ 5013937 $ 475424 $ 145500 $ - $ - $ - $ 11732364

Property Taxes Receivable 6190934 - - - 223452 - - - - 6414386

Accounts Receivable 1829862 1246266 393133 48897 - 474719 35732 - - 4028609

Inventory - - - - - 19353 66607 - - 85960

Prepaid Items 821698 - - - - - - - - 821698

Due From Other Funds 1933131 - 489875 - - - 42914 - - 2465920

Capital Assets Less Depreciation - - - - - 370363 5058 67996797 - 68372218

Amt to be Provided for Debt Service - - - - - - - - 31915000 31915000 Total Assets $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

LIABILITIES

Accounts Payable $ 555324 $ 333053 $ 826199 $ 2768722 $ - $ 108891 $ 8452 $ - $ - $ 4600641

Accrued Payroll 2285239 8722 514691 - - 74923 38028 - - 2921603

Due to Other Funds 532789 1594763 - - - 338368 - - - 2465920

Debt Service Payable - - - - - - - - 31915000 31915000

Total Liabilities $ 3373352 $ 1936538 $ 1340890 $ 2768722 $ - $ 522182 $ 46480 $ - $ 31915000 $ 41903164

FUND EQUITY

General Fixed Assets $ - $ - $ - $ - $ - $ - $ - $67996797 $ - $ 67996797

Retained Earnings - - - - - 487753 103831 - - 591584

Fund Balance - - - - - - - - - -

Reserve for Student Organizations - - - - - - - - - -

Reserve for Std Finl Assistance - - 27992 - - - - - - 27992

Reserve for Capital Projects - - - 2294112 - - - - - 2294112

Reserve for Debt Service - - - - 698876 - - - - 698876

Unreserved - - - - - - - - - -

Designated for Operations 11751022 13707 558901 - - - - - - 12323630

Total Fund Equity $ 11751022 $ 13707 $ 586893 $ 2294112 $ 698876 $ 487753 $ 103831 $67996797 $ - $ 83932991 Total Liability amp Fund Equity $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

24

CAPITAL PROJECTS LISTING

2019-20

Description Amount

Remodeling Campuses 3500000

Instructional Equipment used in Programs 2483641

Administrative Computer SoftwareHardware 846250

Instructional Computer SoftwareHardware 528750

Multimedia Classrooms 425000

Administrative Equipment 210000

Equipment for Physical Plant 190000

Office and Classroom Furniture 300000

$ 8483641

25

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

FINANCIAL DATA

REVENUES

The following sources are used to classify the districtrsquos revenue

Local Government Revenue of the district that is derived from taxes levied on the

equalized property value within a district

State Aids Funds made available by the legislature for distribution to the district based

on a statutory formula of distribution and on competitive categorical appropriations

Program Fees Fees paid by students and set by the Wisconsin Technical College

System Board for tuition

Material Fees Fees paid by the students to cover the cost of instructional materials

used by the student or instructor in the classroom

Other Student Fees Fees paid by students to cover the cost of graduation transcripts

applications student activities registration testing and student projects

Institutional Revenue Revenue of the district that is derived from interest income

contracted services sales and rental income

Federal Revenue Revenue provided by the federal government often of a cost-

reimbursement nature Expenditures made with this revenue are identifiable as

federally supported expenditures

10

EXPENDITURES

The following functions are used to classify the districtrsquos expenditures

Instruction This function includes teaching academic administration (including clerical

support) and other activities related directly to the teaching of students guiding

students in the educational program and the coordination and improvement of teaching

Instructional Resources This function includes all learning resource activities such as

the library audiovisual learning resources center instructional media center

instructional resources administration and clerical support

Student Services This function includes those non-instructional services provided for

the student body such as student recruitment student services administration and

clerical support admissions registration counseling (including testing and evaluation)

financial aids placement and follow-up

General Institutional This function includes all services benefiting the entire district

exclusive of those chargeable directly to other functional categories The district board

presidentrsquos office business office data processing human resources public

communications and general supporting administrative offices are included in this

function

Physical Plant This function includes all services required for the operation and

maintenance of the districtrsquos physical facilities Principal and interest on long-term

obligations are included under this function as are the general utilitiesmdashheat light and

power

Auxiliary Services This function includes commercial type activities Examples include

bookstore duplicating auto parts dental clinic and parking

11

FUND EQUITY

The following reserves and designations are used to classify the districtrsquos fund equity

Retained Earnings Represents that portion of the fund equity which has been

accumulated from the operation of the Enterprise or Internal Service Funds

Reserve for Student Organizations Fund balance held in trust for student

organizations

Reserve for Student Financial Assistance Fund balance held in trust for student

financial assistance

Reserve for Capital Projects Segregation of a portion of the fund balance which is

exclusively and specifically for the acquisition and improvement of sites and for the

acquisition construction equipping and renovation of buildings

Reserve for Debt Service Segregation of the fund equity for Debt Service Fund

resources legally restricted to the payment of general long-term debt principal and

interest

Designated for Operations Portion of the unreserved fund balance which is designated

to be used to provide for normal fluctuations in operating cash balances

Designated for Subsequent Years Portion of the unreserved fund balance which is

designated to fund operations subsequent to the forthcoming budget year

12

CHIPPEWA VALLEY TECHNICAL COLLEGE Notice of Public Hearing

July 1 2019 - June 30 2020

A public hearing on the proposed fiscal year 2019-2020 budget for the Chippewa Valley Technical

College will be held on June 27 2019 at 530 pm in the

RCU Community Center (100A) 620 West Clairemont Avenue Eau Claire WI

The detailed budget is available for public inspection at the Administrative Office (100)

620 West Clairemont Avenue Eau Claire WI Monday through Friday between the hours of 8 am and 4 pm

PROPERTY TAX AND EXPENDITURE HISTORY

Fiscal Equalized Mill Rates Total Percent

Year Valuation Operations(2) Debt Service Mill Rate Inc(Dec)

2015-16 21767542539 057396 031239 088635 (124)

2016-17 22604603466 057695 030082 087777 (097)

2017-18 23603071573 057510 028810 08632 (166)

2018-19 24723807042 057142 027504 084646 (194)

2019-20 (1) 25712759324 057163 026446 083609 (123)

Tax on a

Fiscal Total Percent Property Percent $100000

Year(2) Expenditures Inc(Dec) Tax Levy Inc(Dec) House

2015-16 91154700 (597) $19293590 271 $8864

2016-17 91858240 077 $19841626 284 $8778

2017-18 92682472 090 $20374010 268 $8632

2018-19 90020942 (287) $20927687 272 $8465

2019-20 91364637 149 $21498196 273 $8361

BUDGETFUND BALANCE SUMMARY-ALL FUNDS

Special Special

Revenue Revenue Capital Debt

Fund - Fund - Projects Service Proprietary

General Fund Operational Nonaidable Fund Fund Fund Total

Tax Levy $13548196 $1100000 $50000 $0 $6800000 $0 $21498196

Other Budgeted Revenues $42172728 $6072064 $8324117 $1343641 $91523 $5091938 $63096011

Subtotal $55720924 $7172064 $8374117 $1343641 $6891523 $5091938 $84594207

Budgeted expenditures $55570924 $7103832 $8372779 $8483641 $6891523 $4941938 $91364637

Excess of Revenues

over Expenditures $150000 $68232 $1338 ($7140000) $0 $150000 ($6770430)

Residual Equity Transfers $0 $0 $0 $0 $0 $0 $0

Operating Transfers $150000 $0 $0 $0 $0 ($150000) $0

Proceeds from Debt $0 $0 $0 $5340000 $0 $0 $5340000

Est Fund Balance 70119 $11751022 $13707 $586893 $2294112 $698876 $591584 $15936195

Est Fund Balance 63020 $12051022 $81939 $588231 $494112 $698876 $591584 $14505765

(1) Equalized Valuation is projected to increase 4 in fiscal year 2020

(2) Fiscal years 2016 - 2018 represent actual amounts 2019 is projected and 2020 is the proposed budget

13

CHIPPEWA VALLEY TECHNICAL COLLEGE

Notice of Public Hearing

Budget Summary-General Fund

Fiscal Year 2019-20

2017-18

Actual(3)

2018-19

Budget

2018-19

Estimated(4)

2019-20

Budget

REVENUES

Local Government

State Aids

Program Fees

Material Fees

Other Student Fees

Institutional

Federal

Total Revenues

12494617

23739291

13960524

806183

810729

688257

26305

52525906

12950299

23572299

14592469

810000

868000

831300

25000

53649367

12977687

23888599

13843474

810000

1000930

854345

25000

53400035

13548196

24516532

14111000

810000

1000000

1710196

25000

55720924

EXPENDITURES

Instruction

Instructional Resources

Student Services

General Institutional

Physical Plant

Total Expenditures

Net Revenue (Expenditures)

33234478

710414

3914411

11525057

4416944

53801304

(1275398)

34241590

745496

3966049

11559155

4726168

55238458

(1589091)

34238420

701460

3960218

11534194

4711677

55145968

(1745933)

35493393

721556

4041103

10559765

4755107

55570924

150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

0

(1275398)

540224

0

(1048867)

540224

0

(1205709)

0

150000

300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations

Designated for

Subsequent Years

Total Transfers To (From)

Fund Balance

Beginning Fund Balance

Ending Fund Balance

EXPENDITURES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Expenditures by Fund

0

(1275398)

(1275398)

14232129

12956731

53801304

11107458

9177185

10734560

6905092

3388856

1062274

96176729

0

(1048867)

(1048867)

12956731

11907864

55238458

6408288

9405969

8704215

6880746

3567020

1120000

91324696

0

(1205709)

(1205709)

12956731

11751022

55145968

5706000

9159434

8688000

6831540

3450000

1040000

90020942

0

300000

300000

11751022

12051022

55570924

7103832

8372779

8483641

6891523

3831938

1110000

91364637

Change (5)

in Budget

060

1085

-1098

-253

016

743

-089

004

REVENUES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Revenues by Fund

52525906

11037229

9214918

1608261

7013073

3277033

1095402

85771822

53649367

6439486

9623589

312215

6880746

3578528

1120000

81603931

53400035

5658503

8989226

1220692

6850000

3329380

1047959

80495795

55720924

7172064

8374117

1343641

6891523

3981938

1110000

84594207

386

1138

-1298

33036

016

1127

-089

366

(3) Actual is presented on a budgetary basis

(4) Estimate is based upon 10 months of actual and 2 months of estimate

(5) (2019-20 budget - 2018-19 budget) 2018-19 budget

14

GENERAL FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 12494617 12950299 12977687 13548196

State - Property Tax Relief Aid 18322299 18322299 18322299 18322299

State Aids 5416992 5250000 5566300 6194233

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 810729 868000 1000930 1000000

Institutional 688257 831300 854345 1710196

Federal 26305 25000 25000 25000

Total Revenues 52525906 53649367 53400035 55720924

EXPENDITURES

Instruction 33234478 34241590 34238420 35493393

Instructional Resources 710414 745496 701460 721556

Student Services 3914411 3966049 3960218 4041103

General Institutional 11525057 11559155 11534194 10559765

Physical Plant 4416944 4726168 4711677 4755107

Total Expenditures 53801304 55238458 55145968 55570924

Net Revenue (Expenditures) (1275398) (1589091) (1745933) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 540224 540224 0

Operating Transfer In (Out) 0 0 0 150000

Total Resources (Uses) (1275398) (1048867) (1205709) 300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1275398) (1048867) (1205709) 300000

Total Transfers To (From) Fund Balance (1275398) (1048867) (1205709) 300000

Beginning Fund Balance 14232129 12956731 12956731 11751022

Ending Fund Balance 12956731 11907864 11751022 12051022

Fund Balance of Expenditures 241 216 213 217

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

The General Fund is used to account for all financial activities except those required to be accounted for in

another fund

15

SPECIAL REVENUE FUND-OPERATIONAL

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 1100000 1100000 1100000 1100000

State Aids 2326397 1627983 1427000 2111692

Other Student Fees 148170 220000 100000 844820

Institutional 964305 1060000 600000 0

Federal 6498357 2431503 2431503 3115552

Total Revenues 11037229 6439486 5658503 7172064

EXPENDITURES

Instruction 9390220 4636445 4000000 4700162

Instructional Resources 720 13280 13000 42210

Student Services 1315200 1363314 1300000 2008462

General Institutional 341662 329660 328000 274036

Physical Plant 59656 65589 65000 78962

Auxiliary Services 0 0 0 0

Total Expenditures 11107458 6408288 5706000 7103832

Net Revenue (Expenditures) (70229) 31198 (47497) 68232

OTHER SOURCES (USES)

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) (70229) 31198 (47497) 68232

TRANSFERS TO (FROM) FUND BALANCE

Designated for Operations (70229) 31198 (47497) 68232

Total Transfers To (From) Fund Balance (70229) 31198 (47497) 68232

Beginning Fund Balance 131433 61204 61204 13707

Ending Fund Balance 61204 92402 13707 81939

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Operational are used to account for the proceeds and related financial activity of

specific revenue sources that are legally restricted to specific purposes other than expendable trusts or

major capital projects

16

SPECIAL REVENUE FUND-NONAIDABLE

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Other Student Fees

Institutional

Federal

Total Revenues

2017-18

Actual

50000

826892

553104

7784922

9214918

2018-19

Budget

50000

844820

725519

8003250

9623589

2018-19

Estimate

50000

830000

572000

7537226

8989226

2019-20

Budget

50000

0

248000

8076117

8374117

EXPENDITURES

Instruction

Student Services

General Institutional

Total Expenditures

54777

9122408

0

9177185

95909

9302560

7500

9405969

62500

9094934

2000

9159434

133500

8232279

7000

8372779

Net Revenue (Expenditures) 37733 217620 (170208) 1338

OTHER SOURCES (USES)

Operating Transfer In (Out)

Total Resources (Uses)

(408000)

(370267)

(600000)

(382380)

(600000)

(770208)

0

1338

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Student Organizations

Reserve for Student Finl Assistance

Total Transfers To (From) Fund Balance

(370267)

0

(370267)

(382380)

0

(382380)

(770208)

0

(770208)

1338

0

1338

Beginning Fund Balance

Ending Fund Balance

1727368

1357101

1357101

974721

1357101

586893

586893

588231

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Nonaidable are used to account for assets held by a district as an agent for

individuals private organizations other governmental units or other funds

17

CAPITAL PROJECTS FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

State Aids 390544 99215 112083 111055

Institutional 542114 170000 1041198 600000

Federal 675603 43000 67411 632586

Total Revenues 1608261 312215 1220692 1343641

EXPENDITURES

Instruction 3147428 2252723 2250000 2483641

Instructional Resources 680058 642000 640000 425000

Student Services 6748 10000 8000 10000

General Institutional 1381491 1508000 1500000 1575000

Physical Plant 5480785 4291492 4290000 3990000

Auxiliary Services 38050 0 0 0

Total Expenditures 10734560 8704215 8688000 8483641

Net Revenue (Expenditures) (9126299) (8392000) (7467308) (7140000)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Operating Transfer In (Out) 400000 600000 600000 0

Total Resources (Uses) 5673701 108000 (3867308) (1800000)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Total Transfers To (From) Fund Balance 5673701 108000 (3867308) (1800000)

Beginning Fund Balance 487719 6161420 6161420 2294112

Ending Fund Balance 6161420 6269420 2294112 494112

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Capital Projects Funds are used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisition construction equipping and remodeling

of buildings

18

DEBT SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Institutional

Total Revenues

2017-18

Actual

6800000

213073

7013073

2018-19

Budget

6800000

80746

6880746

2018-19

Estimate

6800000

50000

6850000

2019-20

Budget

6800000

91523

6891523

EXPENDITURES

Physical Plant

Total Expenditures

6905092

6905092

6880746

6880746

6831540

6831540

6891523

6891523

Net Revenue (Expenditures) 107981 0 18460 0

OTHER SOURCES (USES)

Proceeds from Debt

Operating Transfer In (Out)

Total Resources (Uses)

0

0

107981

0

0

0

0

0

18460

0

0

0

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Debt Service

Total Transfers To (From) Fund Balance

107981

107981

0

0

18460

18460

0

0

Beginning Fund Balance

Ending Fund Balance

572435

680416

680416

680416

680416

698876

698876

698876

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Debt Service Funds are used to account for the accumulation of resources for and the payment of general

long-term debt and long-term lease purchase principal and interest

19

ENTERPRISE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

State Aids

Institutional

Total Revenues

2017-18

Actual

141280

3135753

3277033

2018-19

Budget

136380

3442148

3578528

2018-19

Estimate

136380

3193000

3329380

2019-20

Budget

136380

3845558

3981938

EXPENDITURES

Auxiliary Services

Total Expenditures

3388856

3388856

3567020

3567020

3450000

3450000

3831938

3831938

Net Revenue (Expenditures) (111823) 11508 (120620) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

8000

(103823)

(540224)

0

(528716)

(540224)

0

(660844)

0

(150000)

0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings

Total Transfers To (From) Fund Balance

(103823)

(103823)

(528716)

(528716)

(660844)

(660844)

0

0

Beginning Fund Balance

Ending Fund Balance

1252420

1148597

1148597

619881

1148597

487753

487753

487753

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Enterprise Funds are used to account for operations where the costs of providing goods or services to the

student body faculty and staff or the general public are financed primarily through user fees

20

INTERNAL SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Institutional 1095402 1120000 1047959 1110000

Total Revenues 1095402 1120000 1047959 1110000

EXPENDITURES

Auxiliary Services 1062274 1120000 1040000 1110000

Total Expenditures 1062274 1120000 1040000 1110000

Net Revenue (Expenditures) 33128 0 7959 0

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 33128 0 7959 0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings 33128 0 7959 0

Total Transfers To (From) Fund Balance 33128 0 7959 0

Beginning Fund Balance 62744 95872 95872 103831

Ending Fund Balance 95872 95872 103831 103831

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Internal Service Funds are used to account for the financing and related financial activity of goods and services

provided by one department to other departments of the district on a cost-reimbursement basis

21

BUDGETED EXPENDITURES BY OBJECT LEVEL

2019-20 BUDGET YEAR

Personnel Expenses

Salaries and Wages

Fringe Benefits

34944350

16142147

$51086497

Current Expenses 24902976

Capital Outlay 8483641

Debt Service 6891523

Total Budgeted Expenditures $91364637

Includes all funds

DEFINITIONS

Personnel Expenses Payroll expenditures which include wages health and dental insurance long-term

disability group life insurance retirement and social security contributions

Current Expenses Expenditures incurred during the fiscal year in progress--examples are supplies repairs

postage consulting services media services utilities and insurances

Capital Outlay Expenditures which result in the acquisition of fixed assets having a life of two or more

years and a cost greater than $5000 It is an expenditure for land buildings improvements to buildings

remodeling and major equipment

Debt Service Interest and principal payments made against the outstanding long-term debt of bonds

and notes payable and installment purchases

22

Combined Budget Summary

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 20444617 20900299 20927687 21498196

State Aids 26597512 25435877 25564062 26875659

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 1785791 1932820 1930930 1844820

Institutional 7192008 7429713 7358502 7605277

Federal 14985187 10502753 10061140 11849255

Total Revenues 85771822 81603931 80495795 84594207

EXPENDITURES

Instruction 45826903 41226667 40550920 42810696

Instructional Resources 1391192 1400776 1354460 1188766

Student Services 14358767 14641923 14363152 14291844

General Institutional 13248210 13404315 13364194 12415801

Physical Plant 16862477 15963995 15898217 15715592

Auxiliary Services 4489180 4687020 4490000 4941938

Total Expenditures 96176729 91324696 90020942 91364637

Net Revenue (Expenditures) (10404907) (9720765) (9525146) (6770430)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 3995093 (1820765) (6525146) (1430430)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Reserve for Debt Service 107981 0 18460 0

Retained Earnings (70695) (528716) (652885) 0

Reserve for Student Organizations (370267) (382380) (770208) 1338

Reserve for Student Finl Assistance 0 0 0 0

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1345627) (1017669) (1253206) 368232

Total Transfers To (From) Fund Balance 3995093 (1820765) (6525146) (1430430)

Beginning Fund Balance 18466248 22461341 22461341 15936195

Ending Fund Balance 22461341 20640576 15936195 14505765

EXPENDITURES BY FUND

General 53801304 55238458 55145968 55570924

Special Revenue-Operational 11107458 6408288 5706000 7103832

Special Revenue-Nonaidable 9177185 9405969 9159434 8372779

Capital Projects 10734560 8704215 8688000 8483641

Debt Service 6905092 6880746 6831540 6891523

Enterprise 3388856 3567020 3450000 3831938

Internal Service 1062274 1120000 1040000 1110000

Total Expenditures by Fund 96176729 91324696 90020942 91364637

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

23

PROFORMA BALANCE SHEET June 30 2019

Governmental Fund Category Proprietary Fund Account Group Total

Category

Special Special

Revenue- Revenue- Capital Debt Internal Fixed Long-Term (Memorandum

CURRENT ASSETS General Operational Non-aidable Projects Service Enterprise Service Assets Obligations Only)

Cash and Cash Equivalents $ 4348749 $ 703979 $ 1044775 $ 5013937 $ 475424 $ 145500 $ - $ - $ - $ 11732364

Property Taxes Receivable 6190934 - - - 223452 - - - - 6414386

Accounts Receivable 1829862 1246266 393133 48897 - 474719 35732 - - 4028609

Inventory - - - - - 19353 66607 - - 85960

Prepaid Items 821698 - - - - - - - - 821698

Due From Other Funds 1933131 - 489875 - - - 42914 - - 2465920

Capital Assets Less Depreciation - - - - - 370363 5058 67996797 - 68372218

Amt to be Provided for Debt Service - - - - - - - - 31915000 31915000 Total Assets $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

LIABILITIES

Accounts Payable $ 555324 $ 333053 $ 826199 $ 2768722 $ - $ 108891 $ 8452 $ - $ - $ 4600641

Accrued Payroll 2285239 8722 514691 - - 74923 38028 - - 2921603

Due to Other Funds 532789 1594763 - - - 338368 - - - 2465920

Debt Service Payable - - - - - - - - 31915000 31915000

Total Liabilities $ 3373352 $ 1936538 $ 1340890 $ 2768722 $ - $ 522182 $ 46480 $ - $ 31915000 $ 41903164

FUND EQUITY

General Fixed Assets $ - $ - $ - $ - $ - $ - $ - $67996797 $ - $ 67996797

Retained Earnings - - - - - 487753 103831 - - 591584

Fund Balance - - - - - - - - - -

Reserve for Student Organizations - - - - - - - - - -

Reserve for Std Finl Assistance - - 27992 - - - - - - 27992

Reserve for Capital Projects - - - 2294112 - - - - - 2294112

Reserve for Debt Service - - - - 698876 - - - - 698876

Unreserved - - - - - - - - - -

Designated for Operations 11751022 13707 558901 - - - - - - 12323630

Total Fund Equity $ 11751022 $ 13707 $ 586893 $ 2294112 $ 698876 $ 487753 $ 103831 $67996797 $ - $ 83932991 Total Liability amp Fund Equity $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

24

CAPITAL PROJECTS LISTING

2019-20

Description Amount

Remodeling Campuses 3500000

Instructional Equipment used in Programs 2483641

Administrative Computer SoftwareHardware 846250

Instructional Computer SoftwareHardware 528750

Multimedia Classrooms 425000

Administrative Equipment 210000

Equipment for Physical Plant 190000

Office and Classroom Furniture 300000

$ 8483641

25

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

REVENUES

The following sources are used to classify the districtrsquos revenue

Local Government Revenue of the district that is derived from taxes levied on the

equalized property value within a district

State Aids Funds made available by the legislature for distribution to the district based

on a statutory formula of distribution and on competitive categorical appropriations

Program Fees Fees paid by students and set by the Wisconsin Technical College

System Board for tuition

Material Fees Fees paid by the students to cover the cost of instructional materials

used by the student or instructor in the classroom

Other Student Fees Fees paid by students to cover the cost of graduation transcripts

applications student activities registration testing and student projects

Institutional Revenue Revenue of the district that is derived from interest income

contracted services sales and rental income

Federal Revenue Revenue provided by the federal government often of a cost-

reimbursement nature Expenditures made with this revenue are identifiable as

federally supported expenditures

10

EXPENDITURES

The following functions are used to classify the districtrsquos expenditures

Instruction This function includes teaching academic administration (including clerical

support) and other activities related directly to the teaching of students guiding

students in the educational program and the coordination and improvement of teaching

Instructional Resources This function includes all learning resource activities such as

the library audiovisual learning resources center instructional media center

instructional resources administration and clerical support

Student Services This function includes those non-instructional services provided for

the student body such as student recruitment student services administration and

clerical support admissions registration counseling (including testing and evaluation)

financial aids placement and follow-up

General Institutional This function includes all services benefiting the entire district

exclusive of those chargeable directly to other functional categories The district board

presidentrsquos office business office data processing human resources public

communications and general supporting administrative offices are included in this

function

Physical Plant This function includes all services required for the operation and

maintenance of the districtrsquos physical facilities Principal and interest on long-term

obligations are included under this function as are the general utilitiesmdashheat light and

power

Auxiliary Services This function includes commercial type activities Examples include

bookstore duplicating auto parts dental clinic and parking

11

FUND EQUITY

The following reserves and designations are used to classify the districtrsquos fund equity

Retained Earnings Represents that portion of the fund equity which has been

accumulated from the operation of the Enterprise or Internal Service Funds

Reserve for Student Organizations Fund balance held in trust for student

organizations

Reserve for Student Financial Assistance Fund balance held in trust for student

financial assistance

Reserve for Capital Projects Segregation of a portion of the fund balance which is

exclusively and specifically for the acquisition and improvement of sites and for the

acquisition construction equipping and renovation of buildings

Reserve for Debt Service Segregation of the fund equity for Debt Service Fund

resources legally restricted to the payment of general long-term debt principal and

interest

Designated for Operations Portion of the unreserved fund balance which is designated

to be used to provide for normal fluctuations in operating cash balances

Designated for Subsequent Years Portion of the unreserved fund balance which is

designated to fund operations subsequent to the forthcoming budget year

12

CHIPPEWA VALLEY TECHNICAL COLLEGE Notice of Public Hearing

July 1 2019 - June 30 2020

A public hearing on the proposed fiscal year 2019-2020 budget for the Chippewa Valley Technical

College will be held on June 27 2019 at 530 pm in the

RCU Community Center (100A) 620 West Clairemont Avenue Eau Claire WI

The detailed budget is available for public inspection at the Administrative Office (100)

620 West Clairemont Avenue Eau Claire WI Monday through Friday between the hours of 8 am and 4 pm

PROPERTY TAX AND EXPENDITURE HISTORY

Fiscal Equalized Mill Rates Total Percent

Year Valuation Operations(2) Debt Service Mill Rate Inc(Dec)

2015-16 21767542539 057396 031239 088635 (124)

2016-17 22604603466 057695 030082 087777 (097)

2017-18 23603071573 057510 028810 08632 (166)

2018-19 24723807042 057142 027504 084646 (194)

2019-20 (1) 25712759324 057163 026446 083609 (123)

Tax on a

Fiscal Total Percent Property Percent $100000

Year(2) Expenditures Inc(Dec) Tax Levy Inc(Dec) House

2015-16 91154700 (597) $19293590 271 $8864

2016-17 91858240 077 $19841626 284 $8778

2017-18 92682472 090 $20374010 268 $8632

2018-19 90020942 (287) $20927687 272 $8465

2019-20 91364637 149 $21498196 273 $8361

BUDGETFUND BALANCE SUMMARY-ALL FUNDS

Special Special

Revenue Revenue Capital Debt

Fund - Fund - Projects Service Proprietary

General Fund Operational Nonaidable Fund Fund Fund Total

Tax Levy $13548196 $1100000 $50000 $0 $6800000 $0 $21498196

Other Budgeted Revenues $42172728 $6072064 $8324117 $1343641 $91523 $5091938 $63096011

Subtotal $55720924 $7172064 $8374117 $1343641 $6891523 $5091938 $84594207

Budgeted expenditures $55570924 $7103832 $8372779 $8483641 $6891523 $4941938 $91364637

Excess of Revenues

over Expenditures $150000 $68232 $1338 ($7140000) $0 $150000 ($6770430)

Residual Equity Transfers $0 $0 $0 $0 $0 $0 $0

Operating Transfers $150000 $0 $0 $0 $0 ($150000) $0

Proceeds from Debt $0 $0 $0 $5340000 $0 $0 $5340000

Est Fund Balance 70119 $11751022 $13707 $586893 $2294112 $698876 $591584 $15936195

Est Fund Balance 63020 $12051022 $81939 $588231 $494112 $698876 $591584 $14505765

(1) Equalized Valuation is projected to increase 4 in fiscal year 2020

(2) Fiscal years 2016 - 2018 represent actual amounts 2019 is projected and 2020 is the proposed budget

13

CHIPPEWA VALLEY TECHNICAL COLLEGE

Notice of Public Hearing

Budget Summary-General Fund

Fiscal Year 2019-20

2017-18

Actual(3)

2018-19

Budget

2018-19

Estimated(4)

2019-20

Budget

REVENUES

Local Government

State Aids

Program Fees

Material Fees

Other Student Fees

Institutional

Federal

Total Revenues

12494617

23739291

13960524

806183

810729

688257

26305

52525906

12950299

23572299

14592469

810000

868000

831300

25000

53649367

12977687

23888599

13843474

810000

1000930

854345

25000

53400035

13548196

24516532

14111000

810000

1000000

1710196

25000

55720924

EXPENDITURES

Instruction

Instructional Resources

Student Services

General Institutional

Physical Plant

Total Expenditures

Net Revenue (Expenditures)

33234478

710414

3914411

11525057

4416944

53801304

(1275398)

34241590

745496

3966049

11559155

4726168

55238458

(1589091)

34238420

701460

3960218

11534194

4711677

55145968

(1745933)

35493393

721556

4041103

10559765

4755107

55570924

150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

0

(1275398)

540224

0

(1048867)

540224

0

(1205709)

0

150000

300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations

Designated for

Subsequent Years

Total Transfers To (From)

Fund Balance

Beginning Fund Balance

Ending Fund Balance

EXPENDITURES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Expenditures by Fund

0

(1275398)

(1275398)

14232129

12956731

53801304

11107458

9177185

10734560

6905092

3388856

1062274

96176729

0

(1048867)

(1048867)

12956731

11907864

55238458

6408288

9405969

8704215

6880746

3567020

1120000

91324696

0

(1205709)

(1205709)

12956731

11751022

55145968

5706000

9159434

8688000

6831540

3450000

1040000

90020942

0

300000

300000

11751022

12051022

55570924

7103832

8372779

8483641

6891523

3831938

1110000

91364637

Change (5)

in Budget

060

1085

-1098

-253

016

743

-089

004

REVENUES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Revenues by Fund

52525906

11037229

9214918

1608261

7013073

3277033

1095402

85771822

53649367

6439486

9623589

312215

6880746

3578528

1120000

81603931

53400035

5658503

8989226

1220692

6850000

3329380

1047959

80495795

55720924

7172064

8374117

1343641

6891523

3981938

1110000

84594207

386

1138

-1298

33036

016

1127

-089

366

(3) Actual is presented on a budgetary basis

(4) Estimate is based upon 10 months of actual and 2 months of estimate

(5) (2019-20 budget - 2018-19 budget) 2018-19 budget

14

GENERAL FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 12494617 12950299 12977687 13548196

State - Property Tax Relief Aid 18322299 18322299 18322299 18322299

State Aids 5416992 5250000 5566300 6194233

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 810729 868000 1000930 1000000

Institutional 688257 831300 854345 1710196

Federal 26305 25000 25000 25000

Total Revenues 52525906 53649367 53400035 55720924

EXPENDITURES

Instruction 33234478 34241590 34238420 35493393

Instructional Resources 710414 745496 701460 721556

Student Services 3914411 3966049 3960218 4041103

General Institutional 11525057 11559155 11534194 10559765

Physical Plant 4416944 4726168 4711677 4755107

Total Expenditures 53801304 55238458 55145968 55570924

Net Revenue (Expenditures) (1275398) (1589091) (1745933) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 540224 540224 0

Operating Transfer In (Out) 0 0 0 150000

Total Resources (Uses) (1275398) (1048867) (1205709) 300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1275398) (1048867) (1205709) 300000

Total Transfers To (From) Fund Balance (1275398) (1048867) (1205709) 300000

Beginning Fund Balance 14232129 12956731 12956731 11751022

Ending Fund Balance 12956731 11907864 11751022 12051022

Fund Balance of Expenditures 241 216 213 217

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

The General Fund is used to account for all financial activities except those required to be accounted for in

another fund

15

SPECIAL REVENUE FUND-OPERATIONAL

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 1100000 1100000 1100000 1100000

State Aids 2326397 1627983 1427000 2111692

Other Student Fees 148170 220000 100000 844820

Institutional 964305 1060000 600000 0

Federal 6498357 2431503 2431503 3115552

Total Revenues 11037229 6439486 5658503 7172064

EXPENDITURES

Instruction 9390220 4636445 4000000 4700162

Instructional Resources 720 13280 13000 42210

Student Services 1315200 1363314 1300000 2008462

General Institutional 341662 329660 328000 274036

Physical Plant 59656 65589 65000 78962

Auxiliary Services 0 0 0 0

Total Expenditures 11107458 6408288 5706000 7103832

Net Revenue (Expenditures) (70229) 31198 (47497) 68232

OTHER SOURCES (USES)

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) (70229) 31198 (47497) 68232

TRANSFERS TO (FROM) FUND BALANCE

Designated for Operations (70229) 31198 (47497) 68232

Total Transfers To (From) Fund Balance (70229) 31198 (47497) 68232

Beginning Fund Balance 131433 61204 61204 13707

Ending Fund Balance 61204 92402 13707 81939

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Operational are used to account for the proceeds and related financial activity of

specific revenue sources that are legally restricted to specific purposes other than expendable trusts or

major capital projects

16

SPECIAL REVENUE FUND-NONAIDABLE

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Other Student Fees

Institutional

Federal

Total Revenues

2017-18

Actual

50000

826892

553104

7784922

9214918

2018-19

Budget

50000

844820

725519

8003250

9623589

2018-19

Estimate

50000

830000

572000

7537226

8989226

2019-20

Budget

50000

0

248000

8076117

8374117

EXPENDITURES

Instruction

Student Services

General Institutional

Total Expenditures

54777

9122408

0

9177185

95909

9302560

7500

9405969

62500

9094934

2000

9159434

133500

8232279

7000

8372779

Net Revenue (Expenditures) 37733 217620 (170208) 1338

OTHER SOURCES (USES)

Operating Transfer In (Out)

Total Resources (Uses)

(408000)

(370267)

(600000)

(382380)

(600000)

(770208)

0

1338

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Student Organizations

Reserve for Student Finl Assistance

Total Transfers To (From) Fund Balance

(370267)

0

(370267)

(382380)

0

(382380)

(770208)

0

(770208)

1338

0

1338

Beginning Fund Balance

Ending Fund Balance

1727368

1357101

1357101

974721

1357101

586893

586893

588231

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Nonaidable are used to account for assets held by a district as an agent for

individuals private organizations other governmental units or other funds

17

CAPITAL PROJECTS FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

State Aids 390544 99215 112083 111055

Institutional 542114 170000 1041198 600000

Federal 675603 43000 67411 632586

Total Revenues 1608261 312215 1220692 1343641

EXPENDITURES

Instruction 3147428 2252723 2250000 2483641

Instructional Resources 680058 642000 640000 425000

Student Services 6748 10000 8000 10000

General Institutional 1381491 1508000 1500000 1575000

Physical Plant 5480785 4291492 4290000 3990000

Auxiliary Services 38050 0 0 0

Total Expenditures 10734560 8704215 8688000 8483641

Net Revenue (Expenditures) (9126299) (8392000) (7467308) (7140000)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Operating Transfer In (Out) 400000 600000 600000 0

Total Resources (Uses) 5673701 108000 (3867308) (1800000)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Total Transfers To (From) Fund Balance 5673701 108000 (3867308) (1800000)

Beginning Fund Balance 487719 6161420 6161420 2294112

Ending Fund Balance 6161420 6269420 2294112 494112

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Capital Projects Funds are used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisition construction equipping and remodeling

of buildings

18

DEBT SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Institutional

Total Revenues

2017-18

Actual

6800000

213073

7013073

2018-19

Budget

6800000

80746

6880746

2018-19

Estimate

6800000

50000

6850000

2019-20

Budget

6800000

91523

6891523

EXPENDITURES

Physical Plant

Total Expenditures

6905092

6905092

6880746

6880746

6831540

6831540

6891523

6891523

Net Revenue (Expenditures) 107981 0 18460 0

OTHER SOURCES (USES)

Proceeds from Debt

Operating Transfer In (Out)

Total Resources (Uses)

0

0

107981

0

0

0

0

0

18460

0

0

0

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Debt Service

Total Transfers To (From) Fund Balance

107981

107981

0

0

18460

18460

0

0

Beginning Fund Balance

Ending Fund Balance

572435

680416

680416

680416

680416

698876

698876

698876

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Debt Service Funds are used to account for the accumulation of resources for and the payment of general

long-term debt and long-term lease purchase principal and interest

19

ENTERPRISE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

State Aids

Institutional

Total Revenues

2017-18

Actual

141280

3135753

3277033

2018-19

Budget

136380

3442148

3578528

2018-19

Estimate

136380

3193000

3329380

2019-20

Budget

136380

3845558

3981938

EXPENDITURES

Auxiliary Services

Total Expenditures

3388856

3388856

3567020

3567020

3450000

3450000

3831938

3831938

Net Revenue (Expenditures) (111823) 11508 (120620) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

8000

(103823)

(540224)

0

(528716)

(540224)

0

(660844)

0

(150000)

0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings

Total Transfers To (From) Fund Balance

(103823)

(103823)

(528716)

(528716)

(660844)

(660844)

0

0

Beginning Fund Balance

Ending Fund Balance

1252420

1148597

1148597

619881

1148597

487753

487753

487753

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Enterprise Funds are used to account for operations where the costs of providing goods or services to the

student body faculty and staff or the general public are financed primarily through user fees

20

INTERNAL SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Institutional 1095402 1120000 1047959 1110000

Total Revenues 1095402 1120000 1047959 1110000

EXPENDITURES

Auxiliary Services 1062274 1120000 1040000 1110000

Total Expenditures 1062274 1120000 1040000 1110000

Net Revenue (Expenditures) 33128 0 7959 0

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 33128 0 7959 0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings 33128 0 7959 0

Total Transfers To (From) Fund Balance 33128 0 7959 0

Beginning Fund Balance 62744 95872 95872 103831

Ending Fund Balance 95872 95872 103831 103831

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Internal Service Funds are used to account for the financing and related financial activity of goods and services

provided by one department to other departments of the district on a cost-reimbursement basis

21

BUDGETED EXPENDITURES BY OBJECT LEVEL

2019-20 BUDGET YEAR

Personnel Expenses

Salaries and Wages

Fringe Benefits

34944350

16142147

$51086497

Current Expenses 24902976

Capital Outlay 8483641

Debt Service 6891523

Total Budgeted Expenditures $91364637

Includes all funds

DEFINITIONS

Personnel Expenses Payroll expenditures which include wages health and dental insurance long-term

disability group life insurance retirement and social security contributions

Current Expenses Expenditures incurred during the fiscal year in progress--examples are supplies repairs

postage consulting services media services utilities and insurances

Capital Outlay Expenditures which result in the acquisition of fixed assets having a life of two or more

years and a cost greater than $5000 It is an expenditure for land buildings improvements to buildings

remodeling and major equipment

Debt Service Interest and principal payments made against the outstanding long-term debt of bonds

and notes payable and installment purchases

22

Combined Budget Summary

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 20444617 20900299 20927687 21498196

State Aids 26597512 25435877 25564062 26875659

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 1785791 1932820 1930930 1844820

Institutional 7192008 7429713 7358502 7605277

Federal 14985187 10502753 10061140 11849255

Total Revenues 85771822 81603931 80495795 84594207

EXPENDITURES

Instruction 45826903 41226667 40550920 42810696

Instructional Resources 1391192 1400776 1354460 1188766

Student Services 14358767 14641923 14363152 14291844

General Institutional 13248210 13404315 13364194 12415801

Physical Plant 16862477 15963995 15898217 15715592

Auxiliary Services 4489180 4687020 4490000 4941938

Total Expenditures 96176729 91324696 90020942 91364637

Net Revenue (Expenditures) (10404907) (9720765) (9525146) (6770430)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 3995093 (1820765) (6525146) (1430430)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Reserve for Debt Service 107981 0 18460 0

Retained Earnings (70695) (528716) (652885) 0

Reserve for Student Organizations (370267) (382380) (770208) 1338

Reserve for Student Finl Assistance 0 0 0 0

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1345627) (1017669) (1253206) 368232

Total Transfers To (From) Fund Balance 3995093 (1820765) (6525146) (1430430)

Beginning Fund Balance 18466248 22461341 22461341 15936195

Ending Fund Balance 22461341 20640576 15936195 14505765

EXPENDITURES BY FUND

General 53801304 55238458 55145968 55570924

Special Revenue-Operational 11107458 6408288 5706000 7103832

Special Revenue-Nonaidable 9177185 9405969 9159434 8372779

Capital Projects 10734560 8704215 8688000 8483641

Debt Service 6905092 6880746 6831540 6891523

Enterprise 3388856 3567020 3450000 3831938

Internal Service 1062274 1120000 1040000 1110000

Total Expenditures by Fund 96176729 91324696 90020942 91364637

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

23

PROFORMA BALANCE SHEET June 30 2019

Governmental Fund Category Proprietary Fund Account Group Total

Category

Special Special

Revenue- Revenue- Capital Debt Internal Fixed Long-Term (Memorandum

CURRENT ASSETS General Operational Non-aidable Projects Service Enterprise Service Assets Obligations Only)

Cash and Cash Equivalents $ 4348749 $ 703979 $ 1044775 $ 5013937 $ 475424 $ 145500 $ - $ - $ - $ 11732364

Property Taxes Receivable 6190934 - - - 223452 - - - - 6414386

Accounts Receivable 1829862 1246266 393133 48897 - 474719 35732 - - 4028609

Inventory - - - - - 19353 66607 - - 85960

Prepaid Items 821698 - - - - - - - - 821698

Due From Other Funds 1933131 - 489875 - - - 42914 - - 2465920

Capital Assets Less Depreciation - - - - - 370363 5058 67996797 - 68372218

Amt to be Provided for Debt Service - - - - - - - - 31915000 31915000 Total Assets $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

LIABILITIES

Accounts Payable $ 555324 $ 333053 $ 826199 $ 2768722 $ - $ 108891 $ 8452 $ - $ - $ 4600641

Accrued Payroll 2285239 8722 514691 - - 74923 38028 - - 2921603

Due to Other Funds 532789 1594763 - - - 338368 - - - 2465920

Debt Service Payable - - - - - - - - 31915000 31915000

Total Liabilities $ 3373352 $ 1936538 $ 1340890 $ 2768722 $ - $ 522182 $ 46480 $ - $ 31915000 $ 41903164

FUND EQUITY

General Fixed Assets $ - $ - $ - $ - $ - $ - $ - $67996797 $ - $ 67996797

Retained Earnings - - - - - 487753 103831 - - 591584

Fund Balance - - - - - - - - - -

Reserve for Student Organizations - - - - - - - - - -

Reserve for Std Finl Assistance - - 27992 - - - - - - 27992

Reserve for Capital Projects - - - 2294112 - - - - - 2294112

Reserve for Debt Service - - - - 698876 - - - - 698876

Unreserved - - - - - - - - - -

Designated for Operations 11751022 13707 558901 - - - - - - 12323630

Total Fund Equity $ 11751022 $ 13707 $ 586893 $ 2294112 $ 698876 $ 487753 $ 103831 $67996797 $ - $ 83932991 Total Liability amp Fund Equity $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

24

CAPITAL PROJECTS LISTING

2019-20

Description Amount

Remodeling Campuses 3500000

Instructional Equipment used in Programs 2483641

Administrative Computer SoftwareHardware 846250

Instructional Computer SoftwareHardware 528750

Multimedia Classrooms 425000

Administrative Equipment 210000

Equipment for Physical Plant 190000

Office and Classroom Furniture 300000

$ 8483641

25

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

EXPENDITURES

The following functions are used to classify the districtrsquos expenditures

Instruction This function includes teaching academic administration (including clerical

support) and other activities related directly to the teaching of students guiding

students in the educational program and the coordination and improvement of teaching

Instructional Resources This function includes all learning resource activities such as

the library audiovisual learning resources center instructional media center

instructional resources administration and clerical support

Student Services This function includes those non-instructional services provided for

the student body such as student recruitment student services administration and

clerical support admissions registration counseling (including testing and evaluation)

financial aids placement and follow-up

General Institutional This function includes all services benefiting the entire district

exclusive of those chargeable directly to other functional categories The district board

presidentrsquos office business office data processing human resources public

communications and general supporting administrative offices are included in this

function

Physical Plant This function includes all services required for the operation and

maintenance of the districtrsquos physical facilities Principal and interest on long-term

obligations are included under this function as are the general utilitiesmdashheat light and

power

Auxiliary Services This function includes commercial type activities Examples include

bookstore duplicating auto parts dental clinic and parking

11

FUND EQUITY

The following reserves and designations are used to classify the districtrsquos fund equity

Retained Earnings Represents that portion of the fund equity which has been

accumulated from the operation of the Enterprise or Internal Service Funds

Reserve for Student Organizations Fund balance held in trust for student

organizations

Reserve for Student Financial Assistance Fund balance held in trust for student

financial assistance

Reserve for Capital Projects Segregation of a portion of the fund balance which is

exclusively and specifically for the acquisition and improvement of sites and for the

acquisition construction equipping and renovation of buildings

Reserve for Debt Service Segregation of the fund equity for Debt Service Fund

resources legally restricted to the payment of general long-term debt principal and

interest

Designated for Operations Portion of the unreserved fund balance which is designated

to be used to provide for normal fluctuations in operating cash balances

Designated for Subsequent Years Portion of the unreserved fund balance which is

designated to fund operations subsequent to the forthcoming budget year

12

CHIPPEWA VALLEY TECHNICAL COLLEGE Notice of Public Hearing

July 1 2019 - June 30 2020

A public hearing on the proposed fiscal year 2019-2020 budget for the Chippewa Valley Technical

College will be held on June 27 2019 at 530 pm in the

RCU Community Center (100A) 620 West Clairemont Avenue Eau Claire WI

The detailed budget is available for public inspection at the Administrative Office (100)

620 West Clairemont Avenue Eau Claire WI Monday through Friday between the hours of 8 am and 4 pm

PROPERTY TAX AND EXPENDITURE HISTORY

Fiscal Equalized Mill Rates Total Percent

Year Valuation Operations(2) Debt Service Mill Rate Inc(Dec)

2015-16 21767542539 057396 031239 088635 (124)

2016-17 22604603466 057695 030082 087777 (097)

2017-18 23603071573 057510 028810 08632 (166)

2018-19 24723807042 057142 027504 084646 (194)

2019-20 (1) 25712759324 057163 026446 083609 (123)

Tax on a

Fiscal Total Percent Property Percent $100000

Year(2) Expenditures Inc(Dec) Tax Levy Inc(Dec) House

2015-16 91154700 (597) $19293590 271 $8864

2016-17 91858240 077 $19841626 284 $8778

2017-18 92682472 090 $20374010 268 $8632

2018-19 90020942 (287) $20927687 272 $8465

2019-20 91364637 149 $21498196 273 $8361

BUDGETFUND BALANCE SUMMARY-ALL FUNDS

Special Special

Revenue Revenue Capital Debt

Fund - Fund - Projects Service Proprietary

General Fund Operational Nonaidable Fund Fund Fund Total

Tax Levy $13548196 $1100000 $50000 $0 $6800000 $0 $21498196

Other Budgeted Revenues $42172728 $6072064 $8324117 $1343641 $91523 $5091938 $63096011

Subtotal $55720924 $7172064 $8374117 $1343641 $6891523 $5091938 $84594207

Budgeted expenditures $55570924 $7103832 $8372779 $8483641 $6891523 $4941938 $91364637

Excess of Revenues

over Expenditures $150000 $68232 $1338 ($7140000) $0 $150000 ($6770430)

Residual Equity Transfers $0 $0 $0 $0 $0 $0 $0

Operating Transfers $150000 $0 $0 $0 $0 ($150000) $0

Proceeds from Debt $0 $0 $0 $5340000 $0 $0 $5340000

Est Fund Balance 70119 $11751022 $13707 $586893 $2294112 $698876 $591584 $15936195

Est Fund Balance 63020 $12051022 $81939 $588231 $494112 $698876 $591584 $14505765

(1) Equalized Valuation is projected to increase 4 in fiscal year 2020

(2) Fiscal years 2016 - 2018 represent actual amounts 2019 is projected and 2020 is the proposed budget

13

CHIPPEWA VALLEY TECHNICAL COLLEGE

Notice of Public Hearing

Budget Summary-General Fund

Fiscal Year 2019-20

2017-18

Actual(3)

2018-19

Budget

2018-19

Estimated(4)

2019-20

Budget

REVENUES

Local Government

State Aids

Program Fees

Material Fees

Other Student Fees

Institutional

Federal

Total Revenues

12494617

23739291

13960524

806183

810729

688257

26305

52525906

12950299

23572299

14592469

810000

868000

831300

25000

53649367

12977687

23888599

13843474

810000

1000930

854345

25000

53400035

13548196

24516532

14111000

810000

1000000

1710196

25000

55720924

EXPENDITURES

Instruction

Instructional Resources

Student Services

General Institutional

Physical Plant

Total Expenditures

Net Revenue (Expenditures)

33234478

710414

3914411

11525057

4416944

53801304

(1275398)

34241590

745496

3966049

11559155

4726168

55238458

(1589091)

34238420

701460

3960218

11534194

4711677

55145968

(1745933)

35493393

721556

4041103

10559765

4755107

55570924

150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

0

(1275398)

540224

0

(1048867)

540224

0

(1205709)

0

150000

300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations

Designated for

Subsequent Years

Total Transfers To (From)

Fund Balance

Beginning Fund Balance

Ending Fund Balance

EXPENDITURES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Expenditures by Fund

0

(1275398)

(1275398)

14232129

12956731

53801304

11107458

9177185

10734560

6905092

3388856

1062274

96176729

0

(1048867)

(1048867)

12956731

11907864

55238458

6408288

9405969

8704215

6880746

3567020

1120000

91324696

0

(1205709)

(1205709)

12956731

11751022

55145968

5706000

9159434

8688000

6831540

3450000

1040000

90020942

0

300000

300000

11751022

12051022

55570924

7103832

8372779

8483641

6891523

3831938

1110000

91364637

Change (5)

in Budget

060

1085

-1098

-253

016

743

-089

004

REVENUES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Revenues by Fund

52525906

11037229

9214918

1608261

7013073

3277033

1095402

85771822

53649367

6439486

9623589

312215

6880746

3578528

1120000

81603931

53400035

5658503

8989226

1220692

6850000

3329380

1047959

80495795

55720924

7172064

8374117

1343641

6891523

3981938

1110000

84594207

386

1138

-1298

33036

016

1127

-089

366

(3) Actual is presented on a budgetary basis

(4) Estimate is based upon 10 months of actual and 2 months of estimate

(5) (2019-20 budget - 2018-19 budget) 2018-19 budget

14

GENERAL FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 12494617 12950299 12977687 13548196

State - Property Tax Relief Aid 18322299 18322299 18322299 18322299

State Aids 5416992 5250000 5566300 6194233

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 810729 868000 1000930 1000000

Institutional 688257 831300 854345 1710196

Federal 26305 25000 25000 25000

Total Revenues 52525906 53649367 53400035 55720924

EXPENDITURES

Instruction 33234478 34241590 34238420 35493393

Instructional Resources 710414 745496 701460 721556

Student Services 3914411 3966049 3960218 4041103

General Institutional 11525057 11559155 11534194 10559765

Physical Plant 4416944 4726168 4711677 4755107

Total Expenditures 53801304 55238458 55145968 55570924

Net Revenue (Expenditures) (1275398) (1589091) (1745933) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 540224 540224 0

Operating Transfer In (Out) 0 0 0 150000

Total Resources (Uses) (1275398) (1048867) (1205709) 300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1275398) (1048867) (1205709) 300000

Total Transfers To (From) Fund Balance (1275398) (1048867) (1205709) 300000

Beginning Fund Balance 14232129 12956731 12956731 11751022

Ending Fund Balance 12956731 11907864 11751022 12051022

Fund Balance of Expenditures 241 216 213 217

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

The General Fund is used to account for all financial activities except those required to be accounted for in

another fund

15

SPECIAL REVENUE FUND-OPERATIONAL

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 1100000 1100000 1100000 1100000

State Aids 2326397 1627983 1427000 2111692

Other Student Fees 148170 220000 100000 844820

Institutional 964305 1060000 600000 0

Federal 6498357 2431503 2431503 3115552

Total Revenues 11037229 6439486 5658503 7172064

EXPENDITURES

Instruction 9390220 4636445 4000000 4700162

Instructional Resources 720 13280 13000 42210

Student Services 1315200 1363314 1300000 2008462

General Institutional 341662 329660 328000 274036

Physical Plant 59656 65589 65000 78962

Auxiliary Services 0 0 0 0

Total Expenditures 11107458 6408288 5706000 7103832

Net Revenue (Expenditures) (70229) 31198 (47497) 68232

OTHER SOURCES (USES)

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) (70229) 31198 (47497) 68232

TRANSFERS TO (FROM) FUND BALANCE

Designated for Operations (70229) 31198 (47497) 68232

Total Transfers To (From) Fund Balance (70229) 31198 (47497) 68232

Beginning Fund Balance 131433 61204 61204 13707

Ending Fund Balance 61204 92402 13707 81939

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Operational are used to account for the proceeds and related financial activity of

specific revenue sources that are legally restricted to specific purposes other than expendable trusts or

major capital projects

16

SPECIAL REVENUE FUND-NONAIDABLE

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Other Student Fees

Institutional

Federal

Total Revenues

2017-18

Actual

50000

826892

553104

7784922

9214918

2018-19

Budget

50000

844820

725519

8003250

9623589

2018-19

Estimate

50000

830000

572000

7537226

8989226

2019-20

Budget

50000

0

248000

8076117

8374117

EXPENDITURES

Instruction

Student Services

General Institutional

Total Expenditures

54777

9122408

0

9177185

95909

9302560

7500

9405969

62500

9094934

2000

9159434

133500

8232279

7000

8372779

Net Revenue (Expenditures) 37733 217620 (170208) 1338

OTHER SOURCES (USES)

Operating Transfer In (Out)

Total Resources (Uses)

(408000)

(370267)

(600000)

(382380)

(600000)

(770208)

0

1338

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Student Organizations

Reserve for Student Finl Assistance

Total Transfers To (From) Fund Balance

(370267)

0

(370267)

(382380)

0

(382380)

(770208)

0

(770208)

1338

0

1338

Beginning Fund Balance

Ending Fund Balance

1727368

1357101

1357101

974721

1357101

586893

586893

588231

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Nonaidable are used to account for assets held by a district as an agent for

individuals private organizations other governmental units or other funds

17

CAPITAL PROJECTS FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

State Aids 390544 99215 112083 111055

Institutional 542114 170000 1041198 600000

Federal 675603 43000 67411 632586

Total Revenues 1608261 312215 1220692 1343641

EXPENDITURES

Instruction 3147428 2252723 2250000 2483641

Instructional Resources 680058 642000 640000 425000

Student Services 6748 10000 8000 10000

General Institutional 1381491 1508000 1500000 1575000

Physical Plant 5480785 4291492 4290000 3990000

Auxiliary Services 38050 0 0 0

Total Expenditures 10734560 8704215 8688000 8483641

Net Revenue (Expenditures) (9126299) (8392000) (7467308) (7140000)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Operating Transfer In (Out) 400000 600000 600000 0

Total Resources (Uses) 5673701 108000 (3867308) (1800000)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Total Transfers To (From) Fund Balance 5673701 108000 (3867308) (1800000)

Beginning Fund Balance 487719 6161420 6161420 2294112

Ending Fund Balance 6161420 6269420 2294112 494112

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Capital Projects Funds are used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisition construction equipping and remodeling

of buildings

18

DEBT SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Institutional

Total Revenues

2017-18

Actual

6800000

213073

7013073

2018-19

Budget

6800000

80746

6880746

2018-19

Estimate

6800000

50000

6850000

2019-20

Budget

6800000

91523

6891523

EXPENDITURES

Physical Plant

Total Expenditures

6905092

6905092

6880746

6880746

6831540

6831540

6891523

6891523

Net Revenue (Expenditures) 107981 0 18460 0

OTHER SOURCES (USES)

Proceeds from Debt

Operating Transfer In (Out)

Total Resources (Uses)

0

0

107981

0

0

0

0

0

18460

0

0

0

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Debt Service

Total Transfers To (From) Fund Balance

107981

107981

0

0

18460

18460

0

0

Beginning Fund Balance

Ending Fund Balance

572435

680416

680416

680416

680416

698876

698876

698876

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Debt Service Funds are used to account for the accumulation of resources for and the payment of general

long-term debt and long-term lease purchase principal and interest

19

ENTERPRISE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

State Aids

Institutional

Total Revenues

2017-18

Actual

141280

3135753

3277033

2018-19

Budget

136380

3442148

3578528

2018-19

Estimate

136380

3193000

3329380

2019-20

Budget

136380

3845558

3981938

EXPENDITURES

Auxiliary Services

Total Expenditures

3388856

3388856

3567020

3567020

3450000

3450000

3831938

3831938

Net Revenue (Expenditures) (111823) 11508 (120620) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

8000

(103823)

(540224)

0

(528716)

(540224)

0

(660844)

0

(150000)

0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings

Total Transfers To (From) Fund Balance

(103823)

(103823)

(528716)

(528716)

(660844)

(660844)

0

0

Beginning Fund Balance

Ending Fund Balance

1252420

1148597

1148597

619881

1148597

487753

487753

487753

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Enterprise Funds are used to account for operations where the costs of providing goods or services to the

student body faculty and staff or the general public are financed primarily through user fees

20

INTERNAL SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Institutional 1095402 1120000 1047959 1110000

Total Revenues 1095402 1120000 1047959 1110000

EXPENDITURES

Auxiliary Services 1062274 1120000 1040000 1110000

Total Expenditures 1062274 1120000 1040000 1110000

Net Revenue (Expenditures) 33128 0 7959 0

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 33128 0 7959 0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings 33128 0 7959 0

Total Transfers To (From) Fund Balance 33128 0 7959 0

Beginning Fund Balance 62744 95872 95872 103831

Ending Fund Balance 95872 95872 103831 103831

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Internal Service Funds are used to account for the financing and related financial activity of goods and services

provided by one department to other departments of the district on a cost-reimbursement basis

21

BUDGETED EXPENDITURES BY OBJECT LEVEL

2019-20 BUDGET YEAR

Personnel Expenses

Salaries and Wages

Fringe Benefits

34944350

16142147

$51086497

Current Expenses 24902976

Capital Outlay 8483641

Debt Service 6891523

Total Budgeted Expenditures $91364637

Includes all funds

DEFINITIONS

Personnel Expenses Payroll expenditures which include wages health and dental insurance long-term

disability group life insurance retirement and social security contributions

Current Expenses Expenditures incurred during the fiscal year in progress--examples are supplies repairs

postage consulting services media services utilities and insurances

Capital Outlay Expenditures which result in the acquisition of fixed assets having a life of two or more

years and a cost greater than $5000 It is an expenditure for land buildings improvements to buildings

remodeling and major equipment

Debt Service Interest and principal payments made against the outstanding long-term debt of bonds

and notes payable and installment purchases

22

Combined Budget Summary

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 20444617 20900299 20927687 21498196

State Aids 26597512 25435877 25564062 26875659

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 1785791 1932820 1930930 1844820

Institutional 7192008 7429713 7358502 7605277

Federal 14985187 10502753 10061140 11849255

Total Revenues 85771822 81603931 80495795 84594207

EXPENDITURES

Instruction 45826903 41226667 40550920 42810696

Instructional Resources 1391192 1400776 1354460 1188766

Student Services 14358767 14641923 14363152 14291844

General Institutional 13248210 13404315 13364194 12415801

Physical Plant 16862477 15963995 15898217 15715592

Auxiliary Services 4489180 4687020 4490000 4941938

Total Expenditures 96176729 91324696 90020942 91364637

Net Revenue (Expenditures) (10404907) (9720765) (9525146) (6770430)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 3995093 (1820765) (6525146) (1430430)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Reserve for Debt Service 107981 0 18460 0

Retained Earnings (70695) (528716) (652885) 0

Reserve for Student Organizations (370267) (382380) (770208) 1338

Reserve for Student Finl Assistance 0 0 0 0

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1345627) (1017669) (1253206) 368232

Total Transfers To (From) Fund Balance 3995093 (1820765) (6525146) (1430430)

Beginning Fund Balance 18466248 22461341 22461341 15936195

Ending Fund Balance 22461341 20640576 15936195 14505765

EXPENDITURES BY FUND

General 53801304 55238458 55145968 55570924

Special Revenue-Operational 11107458 6408288 5706000 7103832

Special Revenue-Nonaidable 9177185 9405969 9159434 8372779

Capital Projects 10734560 8704215 8688000 8483641

Debt Service 6905092 6880746 6831540 6891523

Enterprise 3388856 3567020 3450000 3831938

Internal Service 1062274 1120000 1040000 1110000

Total Expenditures by Fund 96176729 91324696 90020942 91364637

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

23

PROFORMA BALANCE SHEET June 30 2019

Governmental Fund Category Proprietary Fund Account Group Total

Category

Special Special

Revenue- Revenue- Capital Debt Internal Fixed Long-Term (Memorandum

CURRENT ASSETS General Operational Non-aidable Projects Service Enterprise Service Assets Obligations Only)

Cash and Cash Equivalents $ 4348749 $ 703979 $ 1044775 $ 5013937 $ 475424 $ 145500 $ - $ - $ - $ 11732364

Property Taxes Receivable 6190934 - - - 223452 - - - - 6414386

Accounts Receivable 1829862 1246266 393133 48897 - 474719 35732 - - 4028609

Inventory - - - - - 19353 66607 - - 85960

Prepaid Items 821698 - - - - - - - - 821698

Due From Other Funds 1933131 - 489875 - - - 42914 - - 2465920

Capital Assets Less Depreciation - - - - - 370363 5058 67996797 - 68372218

Amt to be Provided for Debt Service - - - - - - - - 31915000 31915000 Total Assets $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

LIABILITIES

Accounts Payable $ 555324 $ 333053 $ 826199 $ 2768722 $ - $ 108891 $ 8452 $ - $ - $ 4600641

Accrued Payroll 2285239 8722 514691 - - 74923 38028 - - 2921603

Due to Other Funds 532789 1594763 - - - 338368 - - - 2465920

Debt Service Payable - - - - - - - - 31915000 31915000

Total Liabilities $ 3373352 $ 1936538 $ 1340890 $ 2768722 $ - $ 522182 $ 46480 $ - $ 31915000 $ 41903164

FUND EQUITY

General Fixed Assets $ - $ - $ - $ - $ - $ - $ - $67996797 $ - $ 67996797

Retained Earnings - - - - - 487753 103831 - - 591584

Fund Balance - - - - - - - - - -

Reserve for Student Organizations - - - - - - - - - -

Reserve for Std Finl Assistance - - 27992 - - - - - - 27992

Reserve for Capital Projects - - - 2294112 - - - - - 2294112

Reserve for Debt Service - - - - 698876 - - - - 698876

Unreserved - - - - - - - - - -

Designated for Operations 11751022 13707 558901 - - - - - - 12323630

Total Fund Equity $ 11751022 $ 13707 $ 586893 $ 2294112 $ 698876 $ 487753 $ 103831 $67996797 $ - $ 83932991 Total Liability amp Fund Equity $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

24

CAPITAL PROJECTS LISTING

2019-20

Description Amount

Remodeling Campuses 3500000

Instructional Equipment used in Programs 2483641

Administrative Computer SoftwareHardware 846250

Instructional Computer SoftwareHardware 528750

Multimedia Classrooms 425000

Administrative Equipment 210000

Equipment for Physical Plant 190000

Office and Classroom Furniture 300000

$ 8483641

25

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

FUND EQUITY

The following reserves and designations are used to classify the districtrsquos fund equity

Retained Earnings Represents that portion of the fund equity which has been

accumulated from the operation of the Enterprise or Internal Service Funds

Reserve for Student Organizations Fund balance held in trust for student

organizations

Reserve for Student Financial Assistance Fund balance held in trust for student

financial assistance

Reserve for Capital Projects Segregation of a portion of the fund balance which is

exclusively and specifically for the acquisition and improvement of sites and for the

acquisition construction equipping and renovation of buildings

Reserve for Debt Service Segregation of the fund equity for Debt Service Fund

resources legally restricted to the payment of general long-term debt principal and

interest

Designated for Operations Portion of the unreserved fund balance which is designated

to be used to provide for normal fluctuations in operating cash balances

Designated for Subsequent Years Portion of the unreserved fund balance which is

designated to fund operations subsequent to the forthcoming budget year

12

CHIPPEWA VALLEY TECHNICAL COLLEGE Notice of Public Hearing

July 1 2019 - June 30 2020

A public hearing on the proposed fiscal year 2019-2020 budget for the Chippewa Valley Technical

College will be held on June 27 2019 at 530 pm in the

RCU Community Center (100A) 620 West Clairemont Avenue Eau Claire WI

The detailed budget is available for public inspection at the Administrative Office (100)

620 West Clairemont Avenue Eau Claire WI Monday through Friday between the hours of 8 am and 4 pm

PROPERTY TAX AND EXPENDITURE HISTORY

Fiscal Equalized Mill Rates Total Percent

Year Valuation Operations(2) Debt Service Mill Rate Inc(Dec)

2015-16 21767542539 057396 031239 088635 (124)

2016-17 22604603466 057695 030082 087777 (097)

2017-18 23603071573 057510 028810 08632 (166)

2018-19 24723807042 057142 027504 084646 (194)

2019-20 (1) 25712759324 057163 026446 083609 (123)

Tax on a

Fiscal Total Percent Property Percent $100000

Year(2) Expenditures Inc(Dec) Tax Levy Inc(Dec) House

2015-16 91154700 (597) $19293590 271 $8864

2016-17 91858240 077 $19841626 284 $8778

2017-18 92682472 090 $20374010 268 $8632

2018-19 90020942 (287) $20927687 272 $8465

2019-20 91364637 149 $21498196 273 $8361

BUDGETFUND BALANCE SUMMARY-ALL FUNDS

Special Special

Revenue Revenue Capital Debt

Fund - Fund - Projects Service Proprietary

General Fund Operational Nonaidable Fund Fund Fund Total

Tax Levy $13548196 $1100000 $50000 $0 $6800000 $0 $21498196

Other Budgeted Revenues $42172728 $6072064 $8324117 $1343641 $91523 $5091938 $63096011

Subtotal $55720924 $7172064 $8374117 $1343641 $6891523 $5091938 $84594207

Budgeted expenditures $55570924 $7103832 $8372779 $8483641 $6891523 $4941938 $91364637

Excess of Revenues

over Expenditures $150000 $68232 $1338 ($7140000) $0 $150000 ($6770430)

Residual Equity Transfers $0 $0 $0 $0 $0 $0 $0

Operating Transfers $150000 $0 $0 $0 $0 ($150000) $0

Proceeds from Debt $0 $0 $0 $5340000 $0 $0 $5340000

Est Fund Balance 70119 $11751022 $13707 $586893 $2294112 $698876 $591584 $15936195

Est Fund Balance 63020 $12051022 $81939 $588231 $494112 $698876 $591584 $14505765

(1) Equalized Valuation is projected to increase 4 in fiscal year 2020

(2) Fiscal years 2016 - 2018 represent actual amounts 2019 is projected and 2020 is the proposed budget

13

CHIPPEWA VALLEY TECHNICAL COLLEGE

Notice of Public Hearing

Budget Summary-General Fund

Fiscal Year 2019-20

2017-18

Actual(3)

2018-19

Budget

2018-19

Estimated(4)

2019-20

Budget

REVENUES

Local Government

State Aids

Program Fees

Material Fees

Other Student Fees

Institutional

Federal

Total Revenues

12494617

23739291

13960524

806183

810729

688257

26305

52525906

12950299

23572299

14592469

810000

868000

831300

25000

53649367

12977687

23888599

13843474

810000

1000930

854345

25000

53400035

13548196

24516532

14111000

810000

1000000

1710196

25000

55720924

EXPENDITURES

Instruction

Instructional Resources

Student Services

General Institutional

Physical Plant

Total Expenditures

Net Revenue (Expenditures)

33234478

710414

3914411

11525057

4416944

53801304

(1275398)

34241590

745496

3966049

11559155

4726168

55238458

(1589091)

34238420

701460

3960218

11534194

4711677

55145968

(1745933)

35493393

721556

4041103

10559765

4755107

55570924

150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

0

(1275398)

540224

0

(1048867)

540224

0

(1205709)

0

150000

300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations

Designated for

Subsequent Years

Total Transfers To (From)

Fund Balance

Beginning Fund Balance

Ending Fund Balance

EXPENDITURES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Expenditures by Fund

0

(1275398)

(1275398)

14232129

12956731

53801304

11107458

9177185

10734560

6905092

3388856

1062274

96176729

0

(1048867)

(1048867)

12956731

11907864

55238458

6408288

9405969

8704215

6880746

3567020

1120000

91324696

0

(1205709)

(1205709)

12956731

11751022

55145968

5706000

9159434

8688000

6831540

3450000

1040000

90020942

0

300000

300000

11751022

12051022

55570924

7103832

8372779

8483641

6891523

3831938

1110000

91364637

Change (5)

in Budget

060

1085

-1098

-253

016

743

-089

004

REVENUES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Revenues by Fund

52525906

11037229

9214918

1608261

7013073

3277033

1095402

85771822

53649367

6439486

9623589

312215

6880746

3578528

1120000

81603931

53400035

5658503

8989226

1220692

6850000

3329380

1047959

80495795

55720924

7172064

8374117

1343641

6891523

3981938

1110000

84594207

386

1138

-1298

33036

016

1127

-089

366

(3) Actual is presented on a budgetary basis

(4) Estimate is based upon 10 months of actual and 2 months of estimate

(5) (2019-20 budget - 2018-19 budget) 2018-19 budget

14

GENERAL FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 12494617 12950299 12977687 13548196

State - Property Tax Relief Aid 18322299 18322299 18322299 18322299

State Aids 5416992 5250000 5566300 6194233

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 810729 868000 1000930 1000000

Institutional 688257 831300 854345 1710196

Federal 26305 25000 25000 25000

Total Revenues 52525906 53649367 53400035 55720924

EXPENDITURES

Instruction 33234478 34241590 34238420 35493393

Instructional Resources 710414 745496 701460 721556

Student Services 3914411 3966049 3960218 4041103

General Institutional 11525057 11559155 11534194 10559765

Physical Plant 4416944 4726168 4711677 4755107

Total Expenditures 53801304 55238458 55145968 55570924

Net Revenue (Expenditures) (1275398) (1589091) (1745933) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 540224 540224 0

Operating Transfer In (Out) 0 0 0 150000

Total Resources (Uses) (1275398) (1048867) (1205709) 300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1275398) (1048867) (1205709) 300000

Total Transfers To (From) Fund Balance (1275398) (1048867) (1205709) 300000

Beginning Fund Balance 14232129 12956731 12956731 11751022

Ending Fund Balance 12956731 11907864 11751022 12051022

Fund Balance of Expenditures 241 216 213 217

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

The General Fund is used to account for all financial activities except those required to be accounted for in

another fund

15

SPECIAL REVENUE FUND-OPERATIONAL

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 1100000 1100000 1100000 1100000

State Aids 2326397 1627983 1427000 2111692

Other Student Fees 148170 220000 100000 844820

Institutional 964305 1060000 600000 0

Federal 6498357 2431503 2431503 3115552

Total Revenues 11037229 6439486 5658503 7172064

EXPENDITURES

Instruction 9390220 4636445 4000000 4700162

Instructional Resources 720 13280 13000 42210

Student Services 1315200 1363314 1300000 2008462

General Institutional 341662 329660 328000 274036

Physical Plant 59656 65589 65000 78962

Auxiliary Services 0 0 0 0

Total Expenditures 11107458 6408288 5706000 7103832

Net Revenue (Expenditures) (70229) 31198 (47497) 68232

OTHER SOURCES (USES)

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) (70229) 31198 (47497) 68232

TRANSFERS TO (FROM) FUND BALANCE

Designated for Operations (70229) 31198 (47497) 68232

Total Transfers To (From) Fund Balance (70229) 31198 (47497) 68232

Beginning Fund Balance 131433 61204 61204 13707

Ending Fund Balance 61204 92402 13707 81939

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Operational are used to account for the proceeds and related financial activity of

specific revenue sources that are legally restricted to specific purposes other than expendable trusts or

major capital projects

16

SPECIAL REVENUE FUND-NONAIDABLE

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Other Student Fees

Institutional

Federal

Total Revenues

2017-18

Actual

50000

826892

553104

7784922

9214918

2018-19

Budget

50000

844820

725519

8003250

9623589

2018-19

Estimate

50000

830000

572000

7537226

8989226

2019-20

Budget

50000

0

248000

8076117

8374117

EXPENDITURES

Instruction

Student Services

General Institutional

Total Expenditures

54777

9122408

0

9177185

95909

9302560

7500

9405969

62500

9094934

2000

9159434

133500

8232279

7000

8372779

Net Revenue (Expenditures) 37733 217620 (170208) 1338

OTHER SOURCES (USES)

Operating Transfer In (Out)

Total Resources (Uses)

(408000)

(370267)

(600000)

(382380)

(600000)

(770208)

0

1338

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Student Organizations

Reserve for Student Finl Assistance

Total Transfers To (From) Fund Balance

(370267)

0

(370267)

(382380)

0

(382380)

(770208)

0

(770208)

1338

0

1338

Beginning Fund Balance

Ending Fund Balance

1727368

1357101

1357101

974721

1357101

586893

586893

588231

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Nonaidable are used to account for assets held by a district as an agent for

individuals private organizations other governmental units or other funds

17

CAPITAL PROJECTS FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

State Aids 390544 99215 112083 111055

Institutional 542114 170000 1041198 600000

Federal 675603 43000 67411 632586

Total Revenues 1608261 312215 1220692 1343641

EXPENDITURES

Instruction 3147428 2252723 2250000 2483641

Instructional Resources 680058 642000 640000 425000

Student Services 6748 10000 8000 10000

General Institutional 1381491 1508000 1500000 1575000

Physical Plant 5480785 4291492 4290000 3990000

Auxiliary Services 38050 0 0 0

Total Expenditures 10734560 8704215 8688000 8483641

Net Revenue (Expenditures) (9126299) (8392000) (7467308) (7140000)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Operating Transfer In (Out) 400000 600000 600000 0

Total Resources (Uses) 5673701 108000 (3867308) (1800000)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Total Transfers To (From) Fund Balance 5673701 108000 (3867308) (1800000)

Beginning Fund Balance 487719 6161420 6161420 2294112

Ending Fund Balance 6161420 6269420 2294112 494112

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Capital Projects Funds are used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisition construction equipping and remodeling

of buildings

18

DEBT SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Institutional

Total Revenues

2017-18

Actual

6800000

213073

7013073

2018-19

Budget

6800000

80746

6880746

2018-19

Estimate

6800000

50000

6850000

2019-20

Budget

6800000

91523

6891523

EXPENDITURES

Physical Plant

Total Expenditures

6905092

6905092

6880746

6880746

6831540

6831540

6891523

6891523

Net Revenue (Expenditures) 107981 0 18460 0

OTHER SOURCES (USES)

Proceeds from Debt

Operating Transfer In (Out)

Total Resources (Uses)

0

0

107981

0

0

0

0

0

18460

0

0

0

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Debt Service

Total Transfers To (From) Fund Balance

107981

107981

0

0

18460

18460

0

0

Beginning Fund Balance

Ending Fund Balance

572435

680416

680416

680416

680416

698876

698876

698876

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Debt Service Funds are used to account for the accumulation of resources for and the payment of general

long-term debt and long-term lease purchase principal and interest

19

ENTERPRISE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

State Aids

Institutional

Total Revenues

2017-18

Actual

141280

3135753

3277033

2018-19

Budget

136380

3442148

3578528

2018-19

Estimate

136380

3193000

3329380

2019-20

Budget

136380

3845558

3981938

EXPENDITURES

Auxiliary Services

Total Expenditures

3388856

3388856

3567020

3567020

3450000

3450000

3831938

3831938

Net Revenue (Expenditures) (111823) 11508 (120620) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

8000

(103823)

(540224)

0

(528716)

(540224)

0

(660844)

0

(150000)

0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings

Total Transfers To (From) Fund Balance

(103823)

(103823)

(528716)

(528716)

(660844)

(660844)

0

0

Beginning Fund Balance

Ending Fund Balance

1252420

1148597

1148597

619881

1148597

487753

487753

487753

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Enterprise Funds are used to account for operations where the costs of providing goods or services to the

student body faculty and staff or the general public are financed primarily through user fees

20

INTERNAL SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Institutional 1095402 1120000 1047959 1110000

Total Revenues 1095402 1120000 1047959 1110000

EXPENDITURES

Auxiliary Services 1062274 1120000 1040000 1110000

Total Expenditures 1062274 1120000 1040000 1110000

Net Revenue (Expenditures) 33128 0 7959 0

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 33128 0 7959 0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings 33128 0 7959 0

Total Transfers To (From) Fund Balance 33128 0 7959 0

Beginning Fund Balance 62744 95872 95872 103831

Ending Fund Balance 95872 95872 103831 103831

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Internal Service Funds are used to account for the financing and related financial activity of goods and services

provided by one department to other departments of the district on a cost-reimbursement basis

21

BUDGETED EXPENDITURES BY OBJECT LEVEL

2019-20 BUDGET YEAR

Personnel Expenses

Salaries and Wages

Fringe Benefits

34944350

16142147

$51086497

Current Expenses 24902976

Capital Outlay 8483641

Debt Service 6891523

Total Budgeted Expenditures $91364637

Includes all funds

DEFINITIONS

Personnel Expenses Payroll expenditures which include wages health and dental insurance long-term

disability group life insurance retirement and social security contributions

Current Expenses Expenditures incurred during the fiscal year in progress--examples are supplies repairs

postage consulting services media services utilities and insurances

Capital Outlay Expenditures which result in the acquisition of fixed assets having a life of two or more

years and a cost greater than $5000 It is an expenditure for land buildings improvements to buildings

remodeling and major equipment

Debt Service Interest and principal payments made against the outstanding long-term debt of bonds

and notes payable and installment purchases

22

Combined Budget Summary

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 20444617 20900299 20927687 21498196

State Aids 26597512 25435877 25564062 26875659

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 1785791 1932820 1930930 1844820

Institutional 7192008 7429713 7358502 7605277

Federal 14985187 10502753 10061140 11849255

Total Revenues 85771822 81603931 80495795 84594207

EXPENDITURES

Instruction 45826903 41226667 40550920 42810696

Instructional Resources 1391192 1400776 1354460 1188766

Student Services 14358767 14641923 14363152 14291844

General Institutional 13248210 13404315 13364194 12415801

Physical Plant 16862477 15963995 15898217 15715592

Auxiliary Services 4489180 4687020 4490000 4941938

Total Expenditures 96176729 91324696 90020942 91364637

Net Revenue (Expenditures) (10404907) (9720765) (9525146) (6770430)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 3995093 (1820765) (6525146) (1430430)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Reserve for Debt Service 107981 0 18460 0

Retained Earnings (70695) (528716) (652885) 0

Reserve for Student Organizations (370267) (382380) (770208) 1338

Reserve for Student Finl Assistance 0 0 0 0

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1345627) (1017669) (1253206) 368232

Total Transfers To (From) Fund Balance 3995093 (1820765) (6525146) (1430430)

Beginning Fund Balance 18466248 22461341 22461341 15936195

Ending Fund Balance 22461341 20640576 15936195 14505765

EXPENDITURES BY FUND

General 53801304 55238458 55145968 55570924

Special Revenue-Operational 11107458 6408288 5706000 7103832

Special Revenue-Nonaidable 9177185 9405969 9159434 8372779

Capital Projects 10734560 8704215 8688000 8483641

Debt Service 6905092 6880746 6831540 6891523

Enterprise 3388856 3567020 3450000 3831938

Internal Service 1062274 1120000 1040000 1110000

Total Expenditures by Fund 96176729 91324696 90020942 91364637

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

23

PROFORMA BALANCE SHEET June 30 2019

Governmental Fund Category Proprietary Fund Account Group Total

Category

Special Special

Revenue- Revenue- Capital Debt Internal Fixed Long-Term (Memorandum

CURRENT ASSETS General Operational Non-aidable Projects Service Enterprise Service Assets Obligations Only)

Cash and Cash Equivalents $ 4348749 $ 703979 $ 1044775 $ 5013937 $ 475424 $ 145500 $ - $ - $ - $ 11732364

Property Taxes Receivable 6190934 - - - 223452 - - - - 6414386

Accounts Receivable 1829862 1246266 393133 48897 - 474719 35732 - - 4028609

Inventory - - - - - 19353 66607 - - 85960

Prepaid Items 821698 - - - - - - - - 821698

Due From Other Funds 1933131 - 489875 - - - 42914 - - 2465920

Capital Assets Less Depreciation - - - - - 370363 5058 67996797 - 68372218

Amt to be Provided for Debt Service - - - - - - - - 31915000 31915000 Total Assets $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

LIABILITIES

Accounts Payable $ 555324 $ 333053 $ 826199 $ 2768722 $ - $ 108891 $ 8452 $ - $ - $ 4600641

Accrued Payroll 2285239 8722 514691 - - 74923 38028 - - 2921603

Due to Other Funds 532789 1594763 - - - 338368 - - - 2465920

Debt Service Payable - - - - - - - - 31915000 31915000

Total Liabilities $ 3373352 $ 1936538 $ 1340890 $ 2768722 $ - $ 522182 $ 46480 $ - $ 31915000 $ 41903164

FUND EQUITY

General Fixed Assets $ - $ - $ - $ - $ - $ - $ - $67996797 $ - $ 67996797

Retained Earnings - - - - - 487753 103831 - - 591584

Fund Balance - - - - - - - - - -

Reserve for Student Organizations - - - - - - - - - -

Reserve for Std Finl Assistance - - 27992 - - - - - - 27992

Reserve for Capital Projects - - - 2294112 - - - - - 2294112

Reserve for Debt Service - - - - 698876 - - - - 698876

Unreserved - - - - - - - - - -

Designated for Operations 11751022 13707 558901 - - - - - - 12323630

Total Fund Equity $ 11751022 $ 13707 $ 586893 $ 2294112 $ 698876 $ 487753 $ 103831 $67996797 $ - $ 83932991 Total Liability amp Fund Equity $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

24

CAPITAL PROJECTS LISTING

2019-20

Description Amount

Remodeling Campuses 3500000

Instructional Equipment used in Programs 2483641

Administrative Computer SoftwareHardware 846250

Instructional Computer SoftwareHardware 528750

Multimedia Classrooms 425000

Administrative Equipment 210000

Equipment for Physical Plant 190000

Office and Classroom Furniture 300000

$ 8483641

25

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

CHIPPEWA VALLEY TECHNICAL COLLEGE Notice of Public Hearing

July 1 2019 - June 30 2020

A public hearing on the proposed fiscal year 2019-2020 budget for the Chippewa Valley Technical

College will be held on June 27 2019 at 530 pm in the

RCU Community Center (100A) 620 West Clairemont Avenue Eau Claire WI

The detailed budget is available for public inspection at the Administrative Office (100)

620 West Clairemont Avenue Eau Claire WI Monday through Friday between the hours of 8 am and 4 pm

PROPERTY TAX AND EXPENDITURE HISTORY

Fiscal Equalized Mill Rates Total Percent

Year Valuation Operations(2) Debt Service Mill Rate Inc(Dec)

2015-16 21767542539 057396 031239 088635 (124)

2016-17 22604603466 057695 030082 087777 (097)

2017-18 23603071573 057510 028810 08632 (166)

2018-19 24723807042 057142 027504 084646 (194)

2019-20 (1) 25712759324 057163 026446 083609 (123)

Tax on a

Fiscal Total Percent Property Percent $100000

Year(2) Expenditures Inc(Dec) Tax Levy Inc(Dec) House

2015-16 91154700 (597) $19293590 271 $8864

2016-17 91858240 077 $19841626 284 $8778

2017-18 92682472 090 $20374010 268 $8632

2018-19 90020942 (287) $20927687 272 $8465

2019-20 91364637 149 $21498196 273 $8361

BUDGETFUND BALANCE SUMMARY-ALL FUNDS

Special Special

Revenue Revenue Capital Debt

Fund - Fund - Projects Service Proprietary

General Fund Operational Nonaidable Fund Fund Fund Total

Tax Levy $13548196 $1100000 $50000 $0 $6800000 $0 $21498196

Other Budgeted Revenues $42172728 $6072064 $8324117 $1343641 $91523 $5091938 $63096011

Subtotal $55720924 $7172064 $8374117 $1343641 $6891523 $5091938 $84594207

Budgeted expenditures $55570924 $7103832 $8372779 $8483641 $6891523 $4941938 $91364637

Excess of Revenues

over Expenditures $150000 $68232 $1338 ($7140000) $0 $150000 ($6770430)

Residual Equity Transfers $0 $0 $0 $0 $0 $0 $0

Operating Transfers $150000 $0 $0 $0 $0 ($150000) $0

Proceeds from Debt $0 $0 $0 $5340000 $0 $0 $5340000

Est Fund Balance 70119 $11751022 $13707 $586893 $2294112 $698876 $591584 $15936195

Est Fund Balance 63020 $12051022 $81939 $588231 $494112 $698876 $591584 $14505765

(1) Equalized Valuation is projected to increase 4 in fiscal year 2020

(2) Fiscal years 2016 - 2018 represent actual amounts 2019 is projected and 2020 is the proposed budget

13

CHIPPEWA VALLEY TECHNICAL COLLEGE

Notice of Public Hearing

Budget Summary-General Fund

Fiscal Year 2019-20

2017-18

Actual(3)

2018-19

Budget

2018-19

Estimated(4)

2019-20

Budget

REVENUES

Local Government

State Aids

Program Fees

Material Fees

Other Student Fees

Institutional

Federal

Total Revenues

12494617

23739291

13960524

806183

810729

688257

26305

52525906

12950299

23572299

14592469

810000

868000

831300

25000

53649367

12977687

23888599

13843474

810000

1000930

854345

25000

53400035

13548196

24516532

14111000

810000

1000000

1710196

25000

55720924

EXPENDITURES

Instruction

Instructional Resources

Student Services

General Institutional

Physical Plant

Total Expenditures

Net Revenue (Expenditures)

33234478

710414

3914411

11525057

4416944

53801304

(1275398)

34241590

745496

3966049

11559155

4726168

55238458

(1589091)

34238420

701460

3960218

11534194

4711677

55145968

(1745933)

35493393

721556

4041103

10559765

4755107

55570924

150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

0

(1275398)

540224

0

(1048867)

540224

0

(1205709)

0

150000

300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations

Designated for

Subsequent Years

Total Transfers To (From)

Fund Balance

Beginning Fund Balance

Ending Fund Balance

EXPENDITURES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Expenditures by Fund

0

(1275398)

(1275398)

14232129

12956731

53801304

11107458

9177185

10734560

6905092

3388856

1062274

96176729

0

(1048867)

(1048867)

12956731

11907864

55238458

6408288

9405969

8704215

6880746

3567020

1120000

91324696

0

(1205709)

(1205709)

12956731

11751022

55145968

5706000

9159434

8688000

6831540

3450000

1040000

90020942

0

300000

300000

11751022

12051022

55570924

7103832

8372779

8483641

6891523

3831938

1110000

91364637

Change (5)

in Budget

060

1085

-1098

-253

016

743

-089

004

REVENUES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Revenues by Fund

52525906

11037229

9214918

1608261

7013073

3277033

1095402

85771822

53649367

6439486

9623589

312215

6880746

3578528

1120000

81603931

53400035

5658503

8989226

1220692

6850000

3329380

1047959

80495795

55720924

7172064

8374117

1343641

6891523

3981938

1110000

84594207

386

1138

-1298

33036

016

1127

-089

366

(3) Actual is presented on a budgetary basis

(4) Estimate is based upon 10 months of actual and 2 months of estimate

(5) (2019-20 budget - 2018-19 budget) 2018-19 budget

14

GENERAL FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 12494617 12950299 12977687 13548196

State - Property Tax Relief Aid 18322299 18322299 18322299 18322299

State Aids 5416992 5250000 5566300 6194233

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 810729 868000 1000930 1000000

Institutional 688257 831300 854345 1710196

Federal 26305 25000 25000 25000

Total Revenues 52525906 53649367 53400035 55720924

EXPENDITURES

Instruction 33234478 34241590 34238420 35493393

Instructional Resources 710414 745496 701460 721556

Student Services 3914411 3966049 3960218 4041103

General Institutional 11525057 11559155 11534194 10559765

Physical Plant 4416944 4726168 4711677 4755107

Total Expenditures 53801304 55238458 55145968 55570924

Net Revenue (Expenditures) (1275398) (1589091) (1745933) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 540224 540224 0

Operating Transfer In (Out) 0 0 0 150000

Total Resources (Uses) (1275398) (1048867) (1205709) 300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1275398) (1048867) (1205709) 300000

Total Transfers To (From) Fund Balance (1275398) (1048867) (1205709) 300000

Beginning Fund Balance 14232129 12956731 12956731 11751022

Ending Fund Balance 12956731 11907864 11751022 12051022

Fund Balance of Expenditures 241 216 213 217

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

The General Fund is used to account for all financial activities except those required to be accounted for in

another fund

15

SPECIAL REVENUE FUND-OPERATIONAL

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 1100000 1100000 1100000 1100000

State Aids 2326397 1627983 1427000 2111692

Other Student Fees 148170 220000 100000 844820

Institutional 964305 1060000 600000 0

Federal 6498357 2431503 2431503 3115552

Total Revenues 11037229 6439486 5658503 7172064

EXPENDITURES

Instruction 9390220 4636445 4000000 4700162

Instructional Resources 720 13280 13000 42210

Student Services 1315200 1363314 1300000 2008462

General Institutional 341662 329660 328000 274036

Physical Plant 59656 65589 65000 78962

Auxiliary Services 0 0 0 0

Total Expenditures 11107458 6408288 5706000 7103832

Net Revenue (Expenditures) (70229) 31198 (47497) 68232

OTHER SOURCES (USES)

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) (70229) 31198 (47497) 68232

TRANSFERS TO (FROM) FUND BALANCE

Designated for Operations (70229) 31198 (47497) 68232

Total Transfers To (From) Fund Balance (70229) 31198 (47497) 68232

Beginning Fund Balance 131433 61204 61204 13707

Ending Fund Balance 61204 92402 13707 81939

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Operational are used to account for the proceeds and related financial activity of

specific revenue sources that are legally restricted to specific purposes other than expendable trusts or

major capital projects

16

SPECIAL REVENUE FUND-NONAIDABLE

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Other Student Fees

Institutional

Federal

Total Revenues

2017-18

Actual

50000

826892

553104

7784922

9214918

2018-19

Budget

50000

844820

725519

8003250

9623589

2018-19

Estimate

50000

830000

572000

7537226

8989226

2019-20

Budget

50000

0

248000

8076117

8374117

EXPENDITURES

Instruction

Student Services

General Institutional

Total Expenditures

54777

9122408

0

9177185

95909

9302560

7500

9405969

62500

9094934

2000

9159434

133500

8232279

7000

8372779

Net Revenue (Expenditures) 37733 217620 (170208) 1338

OTHER SOURCES (USES)

Operating Transfer In (Out)

Total Resources (Uses)

(408000)

(370267)

(600000)

(382380)

(600000)

(770208)

0

1338

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Student Organizations

Reserve for Student Finl Assistance

Total Transfers To (From) Fund Balance

(370267)

0

(370267)

(382380)

0

(382380)

(770208)

0

(770208)

1338

0

1338

Beginning Fund Balance

Ending Fund Balance

1727368

1357101

1357101

974721

1357101

586893

586893

588231

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Nonaidable are used to account for assets held by a district as an agent for

individuals private organizations other governmental units or other funds

17

CAPITAL PROJECTS FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

State Aids 390544 99215 112083 111055

Institutional 542114 170000 1041198 600000

Federal 675603 43000 67411 632586

Total Revenues 1608261 312215 1220692 1343641

EXPENDITURES

Instruction 3147428 2252723 2250000 2483641

Instructional Resources 680058 642000 640000 425000

Student Services 6748 10000 8000 10000

General Institutional 1381491 1508000 1500000 1575000

Physical Plant 5480785 4291492 4290000 3990000

Auxiliary Services 38050 0 0 0

Total Expenditures 10734560 8704215 8688000 8483641

Net Revenue (Expenditures) (9126299) (8392000) (7467308) (7140000)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Operating Transfer In (Out) 400000 600000 600000 0

Total Resources (Uses) 5673701 108000 (3867308) (1800000)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Total Transfers To (From) Fund Balance 5673701 108000 (3867308) (1800000)

Beginning Fund Balance 487719 6161420 6161420 2294112

Ending Fund Balance 6161420 6269420 2294112 494112

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Capital Projects Funds are used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisition construction equipping and remodeling

of buildings

18

DEBT SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Institutional

Total Revenues

2017-18

Actual

6800000

213073

7013073

2018-19

Budget

6800000

80746

6880746

2018-19

Estimate

6800000

50000

6850000

2019-20

Budget

6800000

91523

6891523

EXPENDITURES

Physical Plant

Total Expenditures

6905092

6905092

6880746

6880746

6831540

6831540

6891523

6891523

Net Revenue (Expenditures) 107981 0 18460 0

OTHER SOURCES (USES)

Proceeds from Debt

Operating Transfer In (Out)

Total Resources (Uses)

0

0

107981

0

0

0

0

0

18460

0

0

0

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Debt Service

Total Transfers To (From) Fund Balance

107981

107981

0

0

18460

18460

0

0

Beginning Fund Balance

Ending Fund Balance

572435

680416

680416

680416

680416

698876

698876

698876

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Debt Service Funds are used to account for the accumulation of resources for and the payment of general

long-term debt and long-term lease purchase principal and interest

19

ENTERPRISE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

State Aids

Institutional

Total Revenues

2017-18

Actual

141280

3135753

3277033

2018-19

Budget

136380

3442148

3578528

2018-19

Estimate

136380

3193000

3329380

2019-20

Budget

136380

3845558

3981938

EXPENDITURES

Auxiliary Services

Total Expenditures

3388856

3388856

3567020

3567020

3450000

3450000

3831938

3831938

Net Revenue (Expenditures) (111823) 11508 (120620) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

8000

(103823)

(540224)

0

(528716)

(540224)

0

(660844)

0

(150000)

0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings

Total Transfers To (From) Fund Balance

(103823)

(103823)

(528716)

(528716)

(660844)

(660844)

0

0

Beginning Fund Balance

Ending Fund Balance

1252420

1148597

1148597

619881

1148597

487753

487753

487753

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Enterprise Funds are used to account for operations where the costs of providing goods or services to the

student body faculty and staff or the general public are financed primarily through user fees

20

INTERNAL SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Institutional 1095402 1120000 1047959 1110000

Total Revenues 1095402 1120000 1047959 1110000

EXPENDITURES

Auxiliary Services 1062274 1120000 1040000 1110000

Total Expenditures 1062274 1120000 1040000 1110000

Net Revenue (Expenditures) 33128 0 7959 0

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 33128 0 7959 0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings 33128 0 7959 0

Total Transfers To (From) Fund Balance 33128 0 7959 0

Beginning Fund Balance 62744 95872 95872 103831

Ending Fund Balance 95872 95872 103831 103831

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Internal Service Funds are used to account for the financing and related financial activity of goods and services

provided by one department to other departments of the district on a cost-reimbursement basis

21

BUDGETED EXPENDITURES BY OBJECT LEVEL

2019-20 BUDGET YEAR

Personnel Expenses

Salaries and Wages

Fringe Benefits

34944350

16142147

$51086497

Current Expenses 24902976

Capital Outlay 8483641

Debt Service 6891523

Total Budgeted Expenditures $91364637

Includes all funds

DEFINITIONS

Personnel Expenses Payroll expenditures which include wages health and dental insurance long-term

disability group life insurance retirement and social security contributions

Current Expenses Expenditures incurred during the fiscal year in progress--examples are supplies repairs

postage consulting services media services utilities and insurances

Capital Outlay Expenditures which result in the acquisition of fixed assets having a life of two or more

years and a cost greater than $5000 It is an expenditure for land buildings improvements to buildings

remodeling and major equipment

Debt Service Interest and principal payments made against the outstanding long-term debt of bonds

and notes payable and installment purchases

22

Combined Budget Summary

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 20444617 20900299 20927687 21498196

State Aids 26597512 25435877 25564062 26875659

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 1785791 1932820 1930930 1844820

Institutional 7192008 7429713 7358502 7605277

Federal 14985187 10502753 10061140 11849255

Total Revenues 85771822 81603931 80495795 84594207

EXPENDITURES

Instruction 45826903 41226667 40550920 42810696

Instructional Resources 1391192 1400776 1354460 1188766

Student Services 14358767 14641923 14363152 14291844

General Institutional 13248210 13404315 13364194 12415801

Physical Plant 16862477 15963995 15898217 15715592

Auxiliary Services 4489180 4687020 4490000 4941938

Total Expenditures 96176729 91324696 90020942 91364637

Net Revenue (Expenditures) (10404907) (9720765) (9525146) (6770430)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 3995093 (1820765) (6525146) (1430430)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Reserve for Debt Service 107981 0 18460 0

Retained Earnings (70695) (528716) (652885) 0

Reserve for Student Organizations (370267) (382380) (770208) 1338

Reserve for Student Finl Assistance 0 0 0 0

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1345627) (1017669) (1253206) 368232

Total Transfers To (From) Fund Balance 3995093 (1820765) (6525146) (1430430)

Beginning Fund Balance 18466248 22461341 22461341 15936195

Ending Fund Balance 22461341 20640576 15936195 14505765

EXPENDITURES BY FUND

General 53801304 55238458 55145968 55570924

Special Revenue-Operational 11107458 6408288 5706000 7103832

Special Revenue-Nonaidable 9177185 9405969 9159434 8372779

Capital Projects 10734560 8704215 8688000 8483641

Debt Service 6905092 6880746 6831540 6891523

Enterprise 3388856 3567020 3450000 3831938

Internal Service 1062274 1120000 1040000 1110000

Total Expenditures by Fund 96176729 91324696 90020942 91364637

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

23

PROFORMA BALANCE SHEET June 30 2019

Governmental Fund Category Proprietary Fund Account Group Total

Category

Special Special

Revenue- Revenue- Capital Debt Internal Fixed Long-Term (Memorandum

CURRENT ASSETS General Operational Non-aidable Projects Service Enterprise Service Assets Obligations Only)

Cash and Cash Equivalents $ 4348749 $ 703979 $ 1044775 $ 5013937 $ 475424 $ 145500 $ - $ - $ - $ 11732364

Property Taxes Receivable 6190934 - - - 223452 - - - - 6414386

Accounts Receivable 1829862 1246266 393133 48897 - 474719 35732 - - 4028609

Inventory - - - - - 19353 66607 - - 85960

Prepaid Items 821698 - - - - - - - - 821698

Due From Other Funds 1933131 - 489875 - - - 42914 - - 2465920

Capital Assets Less Depreciation - - - - - 370363 5058 67996797 - 68372218

Amt to be Provided for Debt Service - - - - - - - - 31915000 31915000 Total Assets $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

LIABILITIES

Accounts Payable $ 555324 $ 333053 $ 826199 $ 2768722 $ - $ 108891 $ 8452 $ - $ - $ 4600641

Accrued Payroll 2285239 8722 514691 - - 74923 38028 - - 2921603

Due to Other Funds 532789 1594763 - - - 338368 - - - 2465920

Debt Service Payable - - - - - - - - 31915000 31915000

Total Liabilities $ 3373352 $ 1936538 $ 1340890 $ 2768722 $ - $ 522182 $ 46480 $ - $ 31915000 $ 41903164

FUND EQUITY

General Fixed Assets $ - $ - $ - $ - $ - $ - $ - $67996797 $ - $ 67996797

Retained Earnings - - - - - 487753 103831 - - 591584

Fund Balance - - - - - - - - - -

Reserve for Student Organizations - - - - - - - - - -

Reserve for Std Finl Assistance - - 27992 - - - - - - 27992

Reserve for Capital Projects - - - 2294112 - - - - - 2294112

Reserve for Debt Service - - - - 698876 - - - - 698876

Unreserved - - - - - - - - - -

Designated for Operations 11751022 13707 558901 - - - - - - 12323630

Total Fund Equity $ 11751022 $ 13707 $ 586893 $ 2294112 $ 698876 $ 487753 $ 103831 $67996797 $ - $ 83932991 Total Liability amp Fund Equity $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

24

CAPITAL PROJECTS LISTING

2019-20

Description Amount

Remodeling Campuses 3500000

Instructional Equipment used in Programs 2483641

Administrative Computer SoftwareHardware 846250

Instructional Computer SoftwareHardware 528750

Multimedia Classrooms 425000

Administrative Equipment 210000

Equipment for Physical Plant 190000

Office and Classroom Furniture 300000

$ 8483641

25

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

CHIPPEWA VALLEY TECHNICAL COLLEGE

Notice of Public Hearing

Budget Summary-General Fund

Fiscal Year 2019-20

2017-18

Actual(3)

2018-19

Budget

2018-19

Estimated(4)

2019-20

Budget

REVENUES

Local Government

State Aids

Program Fees

Material Fees

Other Student Fees

Institutional

Federal

Total Revenues

12494617

23739291

13960524

806183

810729

688257

26305

52525906

12950299

23572299

14592469

810000

868000

831300

25000

53649367

12977687

23888599

13843474

810000

1000930

854345

25000

53400035

13548196

24516532

14111000

810000

1000000

1710196

25000

55720924

EXPENDITURES

Instruction

Instructional Resources

Student Services

General Institutional

Physical Plant

Total Expenditures

Net Revenue (Expenditures)

33234478

710414

3914411

11525057

4416944

53801304

(1275398)

34241590

745496

3966049

11559155

4726168

55238458

(1589091)

34238420

701460

3960218

11534194

4711677

55145968

(1745933)

35493393

721556

4041103

10559765

4755107

55570924

150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

0

(1275398)

540224

0

(1048867)

540224

0

(1205709)

0

150000

300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations

Designated for

Subsequent Years

Total Transfers To (From)

Fund Balance

Beginning Fund Balance

Ending Fund Balance

EXPENDITURES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Expenditures by Fund

0

(1275398)

(1275398)

14232129

12956731

53801304

11107458

9177185

10734560

6905092

3388856

1062274

96176729

0

(1048867)

(1048867)

12956731

11907864

55238458

6408288

9405969

8704215

6880746

3567020

1120000

91324696

0

(1205709)

(1205709)

12956731

11751022

55145968

5706000

9159434

8688000

6831540

3450000

1040000

90020942

0

300000

300000

11751022

12051022

55570924

7103832

8372779

8483641

6891523

3831938

1110000

91364637

Change (5)

in Budget

060

1085

-1098

-253

016

743

-089

004

REVENUES BY FUND

General Fund

Special Revenue Fund-Operational

Special Revenue Fund-Nonaidable

Capital Projects Fund

Debt Service Fund

Enterprise Fund

Internal Service Fund

Total Revenues by Fund

52525906

11037229

9214918

1608261

7013073

3277033

1095402

85771822

53649367

6439486

9623589

312215

6880746

3578528

1120000

81603931

53400035

5658503

8989226

1220692

6850000

3329380

1047959

80495795

55720924

7172064

8374117

1343641

6891523

3981938

1110000

84594207

386

1138

-1298

33036

016

1127

-089

366

(3) Actual is presented on a budgetary basis

(4) Estimate is based upon 10 months of actual and 2 months of estimate

(5) (2019-20 budget - 2018-19 budget) 2018-19 budget

14

GENERAL FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 12494617 12950299 12977687 13548196

State - Property Tax Relief Aid 18322299 18322299 18322299 18322299

State Aids 5416992 5250000 5566300 6194233

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 810729 868000 1000930 1000000

Institutional 688257 831300 854345 1710196

Federal 26305 25000 25000 25000

Total Revenues 52525906 53649367 53400035 55720924

EXPENDITURES

Instruction 33234478 34241590 34238420 35493393

Instructional Resources 710414 745496 701460 721556

Student Services 3914411 3966049 3960218 4041103

General Institutional 11525057 11559155 11534194 10559765

Physical Plant 4416944 4726168 4711677 4755107

Total Expenditures 53801304 55238458 55145968 55570924

Net Revenue (Expenditures) (1275398) (1589091) (1745933) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 540224 540224 0

Operating Transfer In (Out) 0 0 0 150000

Total Resources (Uses) (1275398) (1048867) (1205709) 300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1275398) (1048867) (1205709) 300000

Total Transfers To (From) Fund Balance (1275398) (1048867) (1205709) 300000

Beginning Fund Balance 14232129 12956731 12956731 11751022

Ending Fund Balance 12956731 11907864 11751022 12051022

Fund Balance of Expenditures 241 216 213 217

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

The General Fund is used to account for all financial activities except those required to be accounted for in

another fund

15

SPECIAL REVENUE FUND-OPERATIONAL

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 1100000 1100000 1100000 1100000

State Aids 2326397 1627983 1427000 2111692

Other Student Fees 148170 220000 100000 844820

Institutional 964305 1060000 600000 0

Federal 6498357 2431503 2431503 3115552

Total Revenues 11037229 6439486 5658503 7172064

EXPENDITURES

Instruction 9390220 4636445 4000000 4700162

Instructional Resources 720 13280 13000 42210

Student Services 1315200 1363314 1300000 2008462

General Institutional 341662 329660 328000 274036

Physical Plant 59656 65589 65000 78962

Auxiliary Services 0 0 0 0

Total Expenditures 11107458 6408288 5706000 7103832

Net Revenue (Expenditures) (70229) 31198 (47497) 68232

OTHER SOURCES (USES)

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) (70229) 31198 (47497) 68232

TRANSFERS TO (FROM) FUND BALANCE

Designated for Operations (70229) 31198 (47497) 68232

Total Transfers To (From) Fund Balance (70229) 31198 (47497) 68232

Beginning Fund Balance 131433 61204 61204 13707

Ending Fund Balance 61204 92402 13707 81939

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Operational are used to account for the proceeds and related financial activity of

specific revenue sources that are legally restricted to specific purposes other than expendable trusts or

major capital projects

16

SPECIAL REVENUE FUND-NONAIDABLE

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Other Student Fees

Institutional

Federal

Total Revenues

2017-18

Actual

50000

826892

553104

7784922

9214918

2018-19

Budget

50000

844820

725519

8003250

9623589

2018-19

Estimate

50000

830000

572000

7537226

8989226

2019-20

Budget

50000

0

248000

8076117

8374117

EXPENDITURES

Instruction

Student Services

General Institutional

Total Expenditures

54777

9122408

0

9177185

95909

9302560

7500

9405969

62500

9094934

2000

9159434

133500

8232279

7000

8372779

Net Revenue (Expenditures) 37733 217620 (170208) 1338

OTHER SOURCES (USES)

Operating Transfer In (Out)

Total Resources (Uses)

(408000)

(370267)

(600000)

(382380)

(600000)

(770208)

0

1338

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Student Organizations

Reserve for Student Finl Assistance

Total Transfers To (From) Fund Balance

(370267)

0

(370267)

(382380)

0

(382380)

(770208)

0

(770208)

1338

0

1338

Beginning Fund Balance

Ending Fund Balance

1727368

1357101

1357101

974721

1357101

586893

586893

588231

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Nonaidable are used to account for assets held by a district as an agent for

individuals private organizations other governmental units or other funds

17

CAPITAL PROJECTS FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

State Aids 390544 99215 112083 111055

Institutional 542114 170000 1041198 600000

Federal 675603 43000 67411 632586

Total Revenues 1608261 312215 1220692 1343641

EXPENDITURES

Instruction 3147428 2252723 2250000 2483641

Instructional Resources 680058 642000 640000 425000

Student Services 6748 10000 8000 10000

General Institutional 1381491 1508000 1500000 1575000

Physical Plant 5480785 4291492 4290000 3990000

Auxiliary Services 38050 0 0 0

Total Expenditures 10734560 8704215 8688000 8483641

Net Revenue (Expenditures) (9126299) (8392000) (7467308) (7140000)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Operating Transfer In (Out) 400000 600000 600000 0

Total Resources (Uses) 5673701 108000 (3867308) (1800000)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Total Transfers To (From) Fund Balance 5673701 108000 (3867308) (1800000)

Beginning Fund Balance 487719 6161420 6161420 2294112

Ending Fund Balance 6161420 6269420 2294112 494112

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Capital Projects Funds are used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisition construction equipping and remodeling

of buildings

18

DEBT SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Institutional

Total Revenues

2017-18

Actual

6800000

213073

7013073

2018-19

Budget

6800000

80746

6880746

2018-19

Estimate

6800000

50000

6850000

2019-20

Budget

6800000

91523

6891523

EXPENDITURES

Physical Plant

Total Expenditures

6905092

6905092

6880746

6880746

6831540

6831540

6891523

6891523

Net Revenue (Expenditures) 107981 0 18460 0

OTHER SOURCES (USES)

Proceeds from Debt

Operating Transfer In (Out)

Total Resources (Uses)

0

0

107981

0

0

0

0

0

18460

0

0

0

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Debt Service

Total Transfers To (From) Fund Balance

107981

107981

0

0

18460

18460

0

0

Beginning Fund Balance

Ending Fund Balance

572435

680416

680416

680416

680416

698876

698876

698876

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Debt Service Funds are used to account for the accumulation of resources for and the payment of general

long-term debt and long-term lease purchase principal and interest

19

ENTERPRISE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

State Aids

Institutional

Total Revenues

2017-18

Actual

141280

3135753

3277033

2018-19

Budget

136380

3442148

3578528

2018-19

Estimate

136380

3193000

3329380

2019-20

Budget

136380

3845558

3981938

EXPENDITURES

Auxiliary Services

Total Expenditures

3388856

3388856

3567020

3567020

3450000

3450000

3831938

3831938

Net Revenue (Expenditures) (111823) 11508 (120620) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

8000

(103823)

(540224)

0

(528716)

(540224)

0

(660844)

0

(150000)

0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings

Total Transfers To (From) Fund Balance

(103823)

(103823)

(528716)

(528716)

(660844)

(660844)

0

0

Beginning Fund Balance

Ending Fund Balance

1252420

1148597

1148597

619881

1148597

487753

487753

487753

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Enterprise Funds are used to account for operations where the costs of providing goods or services to the

student body faculty and staff or the general public are financed primarily through user fees

20

INTERNAL SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Institutional 1095402 1120000 1047959 1110000

Total Revenues 1095402 1120000 1047959 1110000

EXPENDITURES

Auxiliary Services 1062274 1120000 1040000 1110000

Total Expenditures 1062274 1120000 1040000 1110000

Net Revenue (Expenditures) 33128 0 7959 0

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 33128 0 7959 0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings 33128 0 7959 0

Total Transfers To (From) Fund Balance 33128 0 7959 0

Beginning Fund Balance 62744 95872 95872 103831

Ending Fund Balance 95872 95872 103831 103831

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Internal Service Funds are used to account for the financing and related financial activity of goods and services

provided by one department to other departments of the district on a cost-reimbursement basis

21

BUDGETED EXPENDITURES BY OBJECT LEVEL

2019-20 BUDGET YEAR

Personnel Expenses

Salaries and Wages

Fringe Benefits

34944350

16142147

$51086497

Current Expenses 24902976

Capital Outlay 8483641

Debt Service 6891523

Total Budgeted Expenditures $91364637

Includes all funds

DEFINITIONS

Personnel Expenses Payroll expenditures which include wages health and dental insurance long-term

disability group life insurance retirement and social security contributions

Current Expenses Expenditures incurred during the fiscal year in progress--examples are supplies repairs

postage consulting services media services utilities and insurances

Capital Outlay Expenditures which result in the acquisition of fixed assets having a life of two or more

years and a cost greater than $5000 It is an expenditure for land buildings improvements to buildings

remodeling and major equipment

Debt Service Interest and principal payments made against the outstanding long-term debt of bonds

and notes payable and installment purchases

22

Combined Budget Summary

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 20444617 20900299 20927687 21498196

State Aids 26597512 25435877 25564062 26875659

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 1785791 1932820 1930930 1844820

Institutional 7192008 7429713 7358502 7605277

Federal 14985187 10502753 10061140 11849255

Total Revenues 85771822 81603931 80495795 84594207

EXPENDITURES

Instruction 45826903 41226667 40550920 42810696

Instructional Resources 1391192 1400776 1354460 1188766

Student Services 14358767 14641923 14363152 14291844

General Institutional 13248210 13404315 13364194 12415801

Physical Plant 16862477 15963995 15898217 15715592

Auxiliary Services 4489180 4687020 4490000 4941938

Total Expenditures 96176729 91324696 90020942 91364637

Net Revenue (Expenditures) (10404907) (9720765) (9525146) (6770430)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 3995093 (1820765) (6525146) (1430430)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Reserve for Debt Service 107981 0 18460 0

Retained Earnings (70695) (528716) (652885) 0

Reserve for Student Organizations (370267) (382380) (770208) 1338

Reserve for Student Finl Assistance 0 0 0 0

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1345627) (1017669) (1253206) 368232

Total Transfers To (From) Fund Balance 3995093 (1820765) (6525146) (1430430)

Beginning Fund Balance 18466248 22461341 22461341 15936195

Ending Fund Balance 22461341 20640576 15936195 14505765

EXPENDITURES BY FUND

General 53801304 55238458 55145968 55570924

Special Revenue-Operational 11107458 6408288 5706000 7103832

Special Revenue-Nonaidable 9177185 9405969 9159434 8372779

Capital Projects 10734560 8704215 8688000 8483641

Debt Service 6905092 6880746 6831540 6891523

Enterprise 3388856 3567020 3450000 3831938

Internal Service 1062274 1120000 1040000 1110000

Total Expenditures by Fund 96176729 91324696 90020942 91364637

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

23

PROFORMA BALANCE SHEET June 30 2019

Governmental Fund Category Proprietary Fund Account Group Total

Category

Special Special

Revenue- Revenue- Capital Debt Internal Fixed Long-Term (Memorandum

CURRENT ASSETS General Operational Non-aidable Projects Service Enterprise Service Assets Obligations Only)

Cash and Cash Equivalents $ 4348749 $ 703979 $ 1044775 $ 5013937 $ 475424 $ 145500 $ - $ - $ - $ 11732364

Property Taxes Receivable 6190934 - - - 223452 - - - - 6414386

Accounts Receivable 1829862 1246266 393133 48897 - 474719 35732 - - 4028609

Inventory - - - - - 19353 66607 - - 85960

Prepaid Items 821698 - - - - - - - - 821698

Due From Other Funds 1933131 - 489875 - - - 42914 - - 2465920

Capital Assets Less Depreciation - - - - - 370363 5058 67996797 - 68372218

Amt to be Provided for Debt Service - - - - - - - - 31915000 31915000 Total Assets $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

LIABILITIES

Accounts Payable $ 555324 $ 333053 $ 826199 $ 2768722 $ - $ 108891 $ 8452 $ - $ - $ 4600641

Accrued Payroll 2285239 8722 514691 - - 74923 38028 - - 2921603

Due to Other Funds 532789 1594763 - - - 338368 - - - 2465920

Debt Service Payable - - - - - - - - 31915000 31915000

Total Liabilities $ 3373352 $ 1936538 $ 1340890 $ 2768722 $ - $ 522182 $ 46480 $ - $ 31915000 $ 41903164

FUND EQUITY

General Fixed Assets $ - $ - $ - $ - $ - $ - $ - $67996797 $ - $ 67996797

Retained Earnings - - - - - 487753 103831 - - 591584

Fund Balance - - - - - - - - - -

Reserve for Student Organizations - - - - - - - - - -

Reserve for Std Finl Assistance - - 27992 - - - - - - 27992

Reserve for Capital Projects - - - 2294112 - - - - - 2294112

Reserve for Debt Service - - - - 698876 - - - - 698876

Unreserved - - - - - - - - - -

Designated for Operations 11751022 13707 558901 - - - - - - 12323630

Total Fund Equity $ 11751022 $ 13707 $ 586893 $ 2294112 $ 698876 $ 487753 $ 103831 $67996797 $ - $ 83932991 Total Liability amp Fund Equity $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

24

CAPITAL PROJECTS LISTING

2019-20

Description Amount

Remodeling Campuses 3500000

Instructional Equipment used in Programs 2483641

Administrative Computer SoftwareHardware 846250

Instructional Computer SoftwareHardware 528750

Multimedia Classrooms 425000

Administrative Equipment 210000

Equipment for Physical Plant 190000

Office and Classroom Furniture 300000

$ 8483641

25

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

GENERAL FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 12494617 12950299 12977687 13548196

State - Property Tax Relief Aid 18322299 18322299 18322299 18322299

State Aids 5416992 5250000 5566300 6194233

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 810729 868000 1000930 1000000

Institutional 688257 831300 854345 1710196

Federal 26305 25000 25000 25000

Total Revenues 52525906 53649367 53400035 55720924

EXPENDITURES

Instruction 33234478 34241590 34238420 35493393

Instructional Resources 710414 745496 701460 721556

Student Services 3914411 3966049 3960218 4041103

General Institutional 11525057 11559155 11534194 10559765

Physical Plant 4416944 4726168 4711677 4755107

Total Expenditures 53801304 55238458 55145968 55570924

Net Revenue (Expenditures) (1275398) (1589091) (1745933) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 540224 540224 0

Operating Transfer In (Out) 0 0 0 150000

Total Resources (Uses) (1275398) (1048867) (1205709) 300000

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1275398) (1048867) (1205709) 300000

Total Transfers To (From) Fund Balance (1275398) (1048867) (1205709) 300000

Beginning Fund Balance 14232129 12956731 12956731 11751022

Ending Fund Balance 12956731 11907864 11751022 12051022

Fund Balance of Expenditures 241 216 213 217

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

The General Fund is used to account for all financial activities except those required to be accounted for in

another fund

15

SPECIAL REVENUE FUND-OPERATIONAL

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 1100000 1100000 1100000 1100000

State Aids 2326397 1627983 1427000 2111692

Other Student Fees 148170 220000 100000 844820

Institutional 964305 1060000 600000 0

Federal 6498357 2431503 2431503 3115552

Total Revenues 11037229 6439486 5658503 7172064

EXPENDITURES

Instruction 9390220 4636445 4000000 4700162

Instructional Resources 720 13280 13000 42210

Student Services 1315200 1363314 1300000 2008462

General Institutional 341662 329660 328000 274036

Physical Plant 59656 65589 65000 78962

Auxiliary Services 0 0 0 0

Total Expenditures 11107458 6408288 5706000 7103832

Net Revenue (Expenditures) (70229) 31198 (47497) 68232

OTHER SOURCES (USES)

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) (70229) 31198 (47497) 68232

TRANSFERS TO (FROM) FUND BALANCE

Designated for Operations (70229) 31198 (47497) 68232

Total Transfers To (From) Fund Balance (70229) 31198 (47497) 68232

Beginning Fund Balance 131433 61204 61204 13707

Ending Fund Balance 61204 92402 13707 81939

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Operational are used to account for the proceeds and related financial activity of

specific revenue sources that are legally restricted to specific purposes other than expendable trusts or

major capital projects

16

SPECIAL REVENUE FUND-NONAIDABLE

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Other Student Fees

Institutional

Federal

Total Revenues

2017-18

Actual

50000

826892

553104

7784922

9214918

2018-19

Budget

50000

844820

725519

8003250

9623589

2018-19

Estimate

50000

830000

572000

7537226

8989226

2019-20

Budget

50000

0

248000

8076117

8374117

EXPENDITURES

Instruction

Student Services

General Institutional

Total Expenditures

54777

9122408

0

9177185

95909

9302560

7500

9405969

62500

9094934

2000

9159434

133500

8232279

7000

8372779

Net Revenue (Expenditures) 37733 217620 (170208) 1338

OTHER SOURCES (USES)

Operating Transfer In (Out)

Total Resources (Uses)

(408000)

(370267)

(600000)

(382380)

(600000)

(770208)

0

1338

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Student Organizations

Reserve for Student Finl Assistance

Total Transfers To (From) Fund Balance

(370267)

0

(370267)

(382380)

0

(382380)

(770208)

0

(770208)

1338

0

1338

Beginning Fund Balance

Ending Fund Balance

1727368

1357101

1357101

974721

1357101

586893

586893

588231

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Nonaidable are used to account for assets held by a district as an agent for

individuals private organizations other governmental units or other funds

17

CAPITAL PROJECTS FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

State Aids 390544 99215 112083 111055

Institutional 542114 170000 1041198 600000

Federal 675603 43000 67411 632586

Total Revenues 1608261 312215 1220692 1343641

EXPENDITURES

Instruction 3147428 2252723 2250000 2483641

Instructional Resources 680058 642000 640000 425000

Student Services 6748 10000 8000 10000

General Institutional 1381491 1508000 1500000 1575000

Physical Plant 5480785 4291492 4290000 3990000

Auxiliary Services 38050 0 0 0

Total Expenditures 10734560 8704215 8688000 8483641

Net Revenue (Expenditures) (9126299) (8392000) (7467308) (7140000)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Operating Transfer In (Out) 400000 600000 600000 0

Total Resources (Uses) 5673701 108000 (3867308) (1800000)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Total Transfers To (From) Fund Balance 5673701 108000 (3867308) (1800000)

Beginning Fund Balance 487719 6161420 6161420 2294112

Ending Fund Balance 6161420 6269420 2294112 494112

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Capital Projects Funds are used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisition construction equipping and remodeling

of buildings

18

DEBT SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Institutional

Total Revenues

2017-18

Actual

6800000

213073

7013073

2018-19

Budget

6800000

80746

6880746

2018-19

Estimate

6800000

50000

6850000

2019-20

Budget

6800000

91523

6891523

EXPENDITURES

Physical Plant

Total Expenditures

6905092

6905092

6880746

6880746

6831540

6831540

6891523

6891523

Net Revenue (Expenditures) 107981 0 18460 0

OTHER SOURCES (USES)

Proceeds from Debt

Operating Transfer In (Out)

Total Resources (Uses)

0

0

107981

0

0

0

0

0

18460

0

0

0

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Debt Service

Total Transfers To (From) Fund Balance

107981

107981

0

0

18460

18460

0

0

Beginning Fund Balance

Ending Fund Balance

572435

680416

680416

680416

680416

698876

698876

698876

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Debt Service Funds are used to account for the accumulation of resources for and the payment of general

long-term debt and long-term lease purchase principal and interest

19

ENTERPRISE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

State Aids

Institutional

Total Revenues

2017-18

Actual

141280

3135753

3277033

2018-19

Budget

136380

3442148

3578528

2018-19

Estimate

136380

3193000

3329380

2019-20

Budget

136380

3845558

3981938

EXPENDITURES

Auxiliary Services

Total Expenditures

3388856

3388856

3567020

3567020

3450000

3450000

3831938

3831938

Net Revenue (Expenditures) (111823) 11508 (120620) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

8000

(103823)

(540224)

0

(528716)

(540224)

0

(660844)

0

(150000)

0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings

Total Transfers To (From) Fund Balance

(103823)

(103823)

(528716)

(528716)

(660844)

(660844)

0

0

Beginning Fund Balance

Ending Fund Balance

1252420

1148597

1148597

619881

1148597

487753

487753

487753

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Enterprise Funds are used to account for operations where the costs of providing goods or services to the

student body faculty and staff or the general public are financed primarily through user fees

20

INTERNAL SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Institutional 1095402 1120000 1047959 1110000

Total Revenues 1095402 1120000 1047959 1110000

EXPENDITURES

Auxiliary Services 1062274 1120000 1040000 1110000

Total Expenditures 1062274 1120000 1040000 1110000

Net Revenue (Expenditures) 33128 0 7959 0

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 33128 0 7959 0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings 33128 0 7959 0

Total Transfers To (From) Fund Balance 33128 0 7959 0

Beginning Fund Balance 62744 95872 95872 103831

Ending Fund Balance 95872 95872 103831 103831

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Internal Service Funds are used to account for the financing and related financial activity of goods and services

provided by one department to other departments of the district on a cost-reimbursement basis

21

BUDGETED EXPENDITURES BY OBJECT LEVEL

2019-20 BUDGET YEAR

Personnel Expenses

Salaries and Wages

Fringe Benefits

34944350

16142147

$51086497

Current Expenses 24902976

Capital Outlay 8483641

Debt Service 6891523

Total Budgeted Expenditures $91364637

Includes all funds

DEFINITIONS

Personnel Expenses Payroll expenditures which include wages health and dental insurance long-term

disability group life insurance retirement and social security contributions

Current Expenses Expenditures incurred during the fiscal year in progress--examples are supplies repairs

postage consulting services media services utilities and insurances

Capital Outlay Expenditures which result in the acquisition of fixed assets having a life of two or more

years and a cost greater than $5000 It is an expenditure for land buildings improvements to buildings

remodeling and major equipment

Debt Service Interest and principal payments made against the outstanding long-term debt of bonds

and notes payable and installment purchases

22

Combined Budget Summary

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 20444617 20900299 20927687 21498196

State Aids 26597512 25435877 25564062 26875659

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 1785791 1932820 1930930 1844820

Institutional 7192008 7429713 7358502 7605277

Federal 14985187 10502753 10061140 11849255

Total Revenues 85771822 81603931 80495795 84594207

EXPENDITURES

Instruction 45826903 41226667 40550920 42810696

Instructional Resources 1391192 1400776 1354460 1188766

Student Services 14358767 14641923 14363152 14291844

General Institutional 13248210 13404315 13364194 12415801

Physical Plant 16862477 15963995 15898217 15715592

Auxiliary Services 4489180 4687020 4490000 4941938

Total Expenditures 96176729 91324696 90020942 91364637

Net Revenue (Expenditures) (10404907) (9720765) (9525146) (6770430)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 3995093 (1820765) (6525146) (1430430)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Reserve for Debt Service 107981 0 18460 0

Retained Earnings (70695) (528716) (652885) 0

Reserve for Student Organizations (370267) (382380) (770208) 1338

Reserve for Student Finl Assistance 0 0 0 0

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1345627) (1017669) (1253206) 368232

Total Transfers To (From) Fund Balance 3995093 (1820765) (6525146) (1430430)

Beginning Fund Balance 18466248 22461341 22461341 15936195

Ending Fund Balance 22461341 20640576 15936195 14505765

EXPENDITURES BY FUND

General 53801304 55238458 55145968 55570924

Special Revenue-Operational 11107458 6408288 5706000 7103832

Special Revenue-Nonaidable 9177185 9405969 9159434 8372779

Capital Projects 10734560 8704215 8688000 8483641

Debt Service 6905092 6880746 6831540 6891523

Enterprise 3388856 3567020 3450000 3831938

Internal Service 1062274 1120000 1040000 1110000

Total Expenditures by Fund 96176729 91324696 90020942 91364637

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

23

PROFORMA BALANCE SHEET June 30 2019

Governmental Fund Category Proprietary Fund Account Group Total

Category

Special Special

Revenue- Revenue- Capital Debt Internal Fixed Long-Term (Memorandum

CURRENT ASSETS General Operational Non-aidable Projects Service Enterprise Service Assets Obligations Only)

Cash and Cash Equivalents $ 4348749 $ 703979 $ 1044775 $ 5013937 $ 475424 $ 145500 $ - $ - $ - $ 11732364

Property Taxes Receivable 6190934 - - - 223452 - - - - 6414386

Accounts Receivable 1829862 1246266 393133 48897 - 474719 35732 - - 4028609

Inventory - - - - - 19353 66607 - - 85960

Prepaid Items 821698 - - - - - - - - 821698

Due From Other Funds 1933131 - 489875 - - - 42914 - - 2465920

Capital Assets Less Depreciation - - - - - 370363 5058 67996797 - 68372218

Amt to be Provided for Debt Service - - - - - - - - 31915000 31915000 Total Assets $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

LIABILITIES

Accounts Payable $ 555324 $ 333053 $ 826199 $ 2768722 $ - $ 108891 $ 8452 $ - $ - $ 4600641

Accrued Payroll 2285239 8722 514691 - - 74923 38028 - - 2921603

Due to Other Funds 532789 1594763 - - - 338368 - - - 2465920

Debt Service Payable - - - - - - - - 31915000 31915000

Total Liabilities $ 3373352 $ 1936538 $ 1340890 $ 2768722 $ - $ 522182 $ 46480 $ - $ 31915000 $ 41903164

FUND EQUITY

General Fixed Assets $ - $ - $ - $ - $ - $ - $ - $67996797 $ - $ 67996797

Retained Earnings - - - - - 487753 103831 - - 591584

Fund Balance - - - - - - - - - -

Reserve for Student Organizations - - - - - - - - - -

Reserve for Std Finl Assistance - - 27992 - - - - - - 27992

Reserve for Capital Projects - - - 2294112 - - - - - 2294112

Reserve for Debt Service - - - - 698876 - - - - 698876

Unreserved - - - - - - - - - -

Designated for Operations 11751022 13707 558901 - - - - - - 12323630

Total Fund Equity $ 11751022 $ 13707 $ 586893 $ 2294112 $ 698876 $ 487753 $ 103831 $67996797 $ - $ 83932991 Total Liability amp Fund Equity $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

24

CAPITAL PROJECTS LISTING

2019-20

Description Amount

Remodeling Campuses 3500000

Instructional Equipment used in Programs 2483641

Administrative Computer SoftwareHardware 846250

Instructional Computer SoftwareHardware 528750

Multimedia Classrooms 425000

Administrative Equipment 210000

Equipment for Physical Plant 190000

Office and Classroom Furniture 300000

$ 8483641

25

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

SPECIAL REVENUE FUND-OPERATIONAL

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 1100000 1100000 1100000 1100000

State Aids 2326397 1627983 1427000 2111692

Other Student Fees 148170 220000 100000 844820

Institutional 964305 1060000 600000 0

Federal 6498357 2431503 2431503 3115552

Total Revenues 11037229 6439486 5658503 7172064

EXPENDITURES

Instruction 9390220 4636445 4000000 4700162

Instructional Resources 720 13280 13000 42210

Student Services 1315200 1363314 1300000 2008462

General Institutional 341662 329660 328000 274036

Physical Plant 59656 65589 65000 78962

Auxiliary Services 0 0 0 0

Total Expenditures 11107458 6408288 5706000 7103832

Net Revenue (Expenditures) (70229) 31198 (47497) 68232

OTHER SOURCES (USES)

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) (70229) 31198 (47497) 68232

TRANSFERS TO (FROM) FUND BALANCE

Designated for Operations (70229) 31198 (47497) 68232

Total Transfers To (From) Fund Balance (70229) 31198 (47497) 68232

Beginning Fund Balance 131433 61204 61204 13707

Ending Fund Balance 61204 92402 13707 81939

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Operational are used to account for the proceeds and related financial activity of

specific revenue sources that are legally restricted to specific purposes other than expendable trusts or

major capital projects

16

SPECIAL REVENUE FUND-NONAIDABLE

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Other Student Fees

Institutional

Federal

Total Revenues

2017-18

Actual

50000

826892

553104

7784922

9214918

2018-19

Budget

50000

844820

725519

8003250

9623589

2018-19

Estimate

50000

830000

572000

7537226

8989226

2019-20

Budget

50000

0

248000

8076117

8374117

EXPENDITURES

Instruction

Student Services

General Institutional

Total Expenditures

54777

9122408

0

9177185

95909

9302560

7500

9405969

62500

9094934

2000

9159434

133500

8232279

7000

8372779

Net Revenue (Expenditures) 37733 217620 (170208) 1338

OTHER SOURCES (USES)

Operating Transfer In (Out)

Total Resources (Uses)

(408000)

(370267)

(600000)

(382380)

(600000)

(770208)

0

1338

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Student Organizations

Reserve for Student Finl Assistance

Total Transfers To (From) Fund Balance

(370267)

0

(370267)

(382380)

0

(382380)

(770208)

0

(770208)

1338

0

1338

Beginning Fund Balance

Ending Fund Balance

1727368

1357101

1357101

974721

1357101

586893

586893

588231

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Nonaidable are used to account for assets held by a district as an agent for

individuals private organizations other governmental units or other funds

17

CAPITAL PROJECTS FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

State Aids 390544 99215 112083 111055

Institutional 542114 170000 1041198 600000

Federal 675603 43000 67411 632586

Total Revenues 1608261 312215 1220692 1343641

EXPENDITURES

Instruction 3147428 2252723 2250000 2483641

Instructional Resources 680058 642000 640000 425000

Student Services 6748 10000 8000 10000

General Institutional 1381491 1508000 1500000 1575000

Physical Plant 5480785 4291492 4290000 3990000

Auxiliary Services 38050 0 0 0

Total Expenditures 10734560 8704215 8688000 8483641

Net Revenue (Expenditures) (9126299) (8392000) (7467308) (7140000)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Operating Transfer In (Out) 400000 600000 600000 0

Total Resources (Uses) 5673701 108000 (3867308) (1800000)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Total Transfers To (From) Fund Balance 5673701 108000 (3867308) (1800000)

Beginning Fund Balance 487719 6161420 6161420 2294112

Ending Fund Balance 6161420 6269420 2294112 494112

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Capital Projects Funds are used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisition construction equipping and remodeling

of buildings

18

DEBT SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Institutional

Total Revenues

2017-18

Actual

6800000

213073

7013073

2018-19

Budget

6800000

80746

6880746

2018-19

Estimate

6800000

50000

6850000

2019-20

Budget

6800000

91523

6891523

EXPENDITURES

Physical Plant

Total Expenditures

6905092

6905092

6880746

6880746

6831540

6831540

6891523

6891523

Net Revenue (Expenditures) 107981 0 18460 0

OTHER SOURCES (USES)

Proceeds from Debt

Operating Transfer In (Out)

Total Resources (Uses)

0

0

107981

0

0

0

0

0

18460

0

0

0

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Debt Service

Total Transfers To (From) Fund Balance

107981

107981

0

0

18460

18460

0

0

Beginning Fund Balance

Ending Fund Balance

572435

680416

680416

680416

680416

698876

698876

698876

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Debt Service Funds are used to account for the accumulation of resources for and the payment of general

long-term debt and long-term lease purchase principal and interest

19

ENTERPRISE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

State Aids

Institutional

Total Revenues

2017-18

Actual

141280

3135753

3277033

2018-19

Budget

136380

3442148

3578528

2018-19

Estimate

136380

3193000

3329380

2019-20

Budget

136380

3845558

3981938

EXPENDITURES

Auxiliary Services

Total Expenditures

3388856

3388856

3567020

3567020

3450000

3450000

3831938

3831938

Net Revenue (Expenditures) (111823) 11508 (120620) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

8000

(103823)

(540224)

0

(528716)

(540224)

0

(660844)

0

(150000)

0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings

Total Transfers To (From) Fund Balance

(103823)

(103823)

(528716)

(528716)

(660844)

(660844)

0

0

Beginning Fund Balance

Ending Fund Balance

1252420

1148597

1148597

619881

1148597

487753

487753

487753

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Enterprise Funds are used to account for operations where the costs of providing goods or services to the

student body faculty and staff or the general public are financed primarily through user fees

20

INTERNAL SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Institutional 1095402 1120000 1047959 1110000

Total Revenues 1095402 1120000 1047959 1110000

EXPENDITURES

Auxiliary Services 1062274 1120000 1040000 1110000

Total Expenditures 1062274 1120000 1040000 1110000

Net Revenue (Expenditures) 33128 0 7959 0

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 33128 0 7959 0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings 33128 0 7959 0

Total Transfers To (From) Fund Balance 33128 0 7959 0

Beginning Fund Balance 62744 95872 95872 103831

Ending Fund Balance 95872 95872 103831 103831

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Internal Service Funds are used to account for the financing and related financial activity of goods and services

provided by one department to other departments of the district on a cost-reimbursement basis

21

BUDGETED EXPENDITURES BY OBJECT LEVEL

2019-20 BUDGET YEAR

Personnel Expenses

Salaries and Wages

Fringe Benefits

34944350

16142147

$51086497

Current Expenses 24902976

Capital Outlay 8483641

Debt Service 6891523

Total Budgeted Expenditures $91364637

Includes all funds

DEFINITIONS

Personnel Expenses Payroll expenditures which include wages health and dental insurance long-term

disability group life insurance retirement and social security contributions

Current Expenses Expenditures incurred during the fiscal year in progress--examples are supplies repairs

postage consulting services media services utilities and insurances

Capital Outlay Expenditures which result in the acquisition of fixed assets having a life of two or more

years and a cost greater than $5000 It is an expenditure for land buildings improvements to buildings

remodeling and major equipment

Debt Service Interest and principal payments made against the outstanding long-term debt of bonds

and notes payable and installment purchases

22

Combined Budget Summary

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 20444617 20900299 20927687 21498196

State Aids 26597512 25435877 25564062 26875659

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 1785791 1932820 1930930 1844820

Institutional 7192008 7429713 7358502 7605277

Federal 14985187 10502753 10061140 11849255

Total Revenues 85771822 81603931 80495795 84594207

EXPENDITURES

Instruction 45826903 41226667 40550920 42810696

Instructional Resources 1391192 1400776 1354460 1188766

Student Services 14358767 14641923 14363152 14291844

General Institutional 13248210 13404315 13364194 12415801

Physical Plant 16862477 15963995 15898217 15715592

Auxiliary Services 4489180 4687020 4490000 4941938

Total Expenditures 96176729 91324696 90020942 91364637

Net Revenue (Expenditures) (10404907) (9720765) (9525146) (6770430)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 3995093 (1820765) (6525146) (1430430)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Reserve for Debt Service 107981 0 18460 0

Retained Earnings (70695) (528716) (652885) 0

Reserve for Student Organizations (370267) (382380) (770208) 1338

Reserve for Student Finl Assistance 0 0 0 0

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1345627) (1017669) (1253206) 368232

Total Transfers To (From) Fund Balance 3995093 (1820765) (6525146) (1430430)

Beginning Fund Balance 18466248 22461341 22461341 15936195

Ending Fund Balance 22461341 20640576 15936195 14505765

EXPENDITURES BY FUND

General 53801304 55238458 55145968 55570924

Special Revenue-Operational 11107458 6408288 5706000 7103832

Special Revenue-Nonaidable 9177185 9405969 9159434 8372779

Capital Projects 10734560 8704215 8688000 8483641

Debt Service 6905092 6880746 6831540 6891523

Enterprise 3388856 3567020 3450000 3831938

Internal Service 1062274 1120000 1040000 1110000

Total Expenditures by Fund 96176729 91324696 90020942 91364637

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

23

PROFORMA BALANCE SHEET June 30 2019

Governmental Fund Category Proprietary Fund Account Group Total

Category

Special Special

Revenue- Revenue- Capital Debt Internal Fixed Long-Term (Memorandum

CURRENT ASSETS General Operational Non-aidable Projects Service Enterprise Service Assets Obligations Only)

Cash and Cash Equivalents $ 4348749 $ 703979 $ 1044775 $ 5013937 $ 475424 $ 145500 $ - $ - $ - $ 11732364

Property Taxes Receivable 6190934 - - - 223452 - - - - 6414386

Accounts Receivable 1829862 1246266 393133 48897 - 474719 35732 - - 4028609

Inventory - - - - - 19353 66607 - - 85960

Prepaid Items 821698 - - - - - - - - 821698

Due From Other Funds 1933131 - 489875 - - - 42914 - - 2465920

Capital Assets Less Depreciation - - - - - 370363 5058 67996797 - 68372218

Amt to be Provided for Debt Service - - - - - - - - 31915000 31915000 Total Assets $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

LIABILITIES

Accounts Payable $ 555324 $ 333053 $ 826199 $ 2768722 $ - $ 108891 $ 8452 $ - $ - $ 4600641

Accrued Payroll 2285239 8722 514691 - - 74923 38028 - - 2921603

Due to Other Funds 532789 1594763 - - - 338368 - - - 2465920

Debt Service Payable - - - - - - - - 31915000 31915000

Total Liabilities $ 3373352 $ 1936538 $ 1340890 $ 2768722 $ - $ 522182 $ 46480 $ - $ 31915000 $ 41903164

FUND EQUITY

General Fixed Assets $ - $ - $ - $ - $ - $ - $ - $67996797 $ - $ 67996797

Retained Earnings - - - - - 487753 103831 - - 591584

Fund Balance - - - - - - - - - -

Reserve for Student Organizations - - - - - - - - - -

Reserve for Std Finl Assistance - - 27992 - - - - - - 27992

Reserve for Capital Projects - - - 2294112 - - - - - 2294112

Reserve for Debt Service - - - - 698876 - - - - 698876

Unreserved - - - - - - - - - -

Designated for Operations 11751022 13707 558901 - - - - - - 12323630

Total Fund Equity $ 11751022 $ 13707 $ 586893 $ 2294112 $ 698876 $ 487753 $ 103831 $67996797 $ - $ 83932991 Total Liability amp Fund Equity $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

24

CAPITAL PROJECTS LISTING

2019-20

Description Amount

Remodeling Campuses 3500000

Instructional Equipment used in Programs 2483641

Administrative Computer SoftwareHardware 846250

Instructional Computer SoftwareHardware 528750

Multimedia Classrooms 425000

Administrative Equipment 210000

Equipment for Physical Plant 190000

Office and Classroom Furniture 300000

$ 8483641

25

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

SPECIAL REVENUE FUND-NONAIDABLE

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Other Student Fees

Institutional

Federal

Total Revenues

2017-18

Actual

50000

826892

553104

7784922

9214918

2018-19

Budget

50000

844820

725519

8003250

9623589

2018-19

Estimate

50000

830000

572000

7537226

8989226

2019-20

Budget

50000

0

248000

8076117

8374117

EXPENDITURES

Instruction

Student Services

General Institutional

Total Expenditures

54777

9122408

0

9177185

95909

9302560

7500

9405969

62500

9094934

2000

9159434

133500

8232279

7000

8372779

Net Revenue (Expenditures) 37733 217620 (170208) 1338

OTHER SOURCES (USES)

Operating Transfer In (Out)

Total Resources (Uses)

(408000)

(370267)

(600000)

(382380)

(600000)

(770208)

0

1338

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Student Organizations

Reserve for Student Finl Assistance

Total Transfers To (From) Fund Balance

(370267)

0

(370267)

(382380)

0

(382380)

(770208)

0

(770208)

1338

0

1338

Beginning Fund Balance

Ending Fund Balance

1727368

1357101

1357101

974721

1357101

586893

586893

588231

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Special Revenue Funds-Nonaidable are used to account for assets held by a district as an agent for

individuals private organizations other governmental units or other funds

17

CAPITAL PROJECTS FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

State Aids 390544 99215 112083 111055

Institutional 542114 170000 1041198 600000

Federal 675603 43000 67411 632586

Total Revenues 1608261 312215 1220692 1343641

EXPENDITURES

Instruction 3147428 2252723 2250000 2483641

Instructional Resources 680058 642000 640000 425000

Student Services 6748 10000 8000 10000

General Institutional 1381491 1508000 1500000 1575000

Physical Plant 5480785 4291492 4290000 3990000

Auxiliary Services 38050 0 0 0

Total Expenditures 10734560 8704215 8688000 8483641

Net Revenue (Expenditures) (9126299) (8392000) (7467308) (7140000)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Operating Transfer In (Out) 400000 600000 600000 0

Total Resources (Uses) 5673701 108000 (3867308) (1800000)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Total Transfers To (From) Fund Balance 5673701 108000 (3867308) (1800000)

Beginning Fund Balance 487719 6161420 6161420 2294112

Ending Fund Balance 6161420 6269420 2294112 494112

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Capital Projects Funds are used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisition construction equipping and remodeling

of buildings

18

DEBT SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Institutional

Total Revenues

2017-18

Actual

6800000

213073

7013073

2018-19

Budget

6800000

80746

6880746

2018-19

Estimate

6800000

50000

6850000

2019-20

Budget

6800000

91523

6891523

EXPENDITURES

Physical Plant

Total Expenditures

6905092

6905092

6880746

6880746

6831540

6831540

6891523

6891523

Net Revenue (Expenditures) 107981 0 18460 0

OTHER SOURCES (USES)

Proceeds from Debt

Operating Transfer In (Out)

Total Resources (Uses)

0

0

107981

0

0

0

0

0

18460

0

0

0

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Debt Service

Total Transfers To (From) Fund Balance

107981

107981

0

0

18460

18460

0

0

Beginning Fund Balance

Ending Fund Balance

572435

680416

680416

680416

680416

698876

698876

698876

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Debt Service Funds are used to account for the accumulation of resources for and the payment of general

long-term debt and long-term lease purchase principal and interest

19

ENTERPRISE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

State Aids

Institutional

Total Revenues

2017-18

Actual

141280

3135753

3277033

2018-19

Budget

136380

3442148

3578528

2018-19

Estimate

136380

3193000

3329380

2019-20

Budget

136380

3845558

3981938

EXPENDITURES

Auxiliary Services

Total Expenditures

3388856

3388856

3567020

3567020

3450000

3450000

3831938

3831938

Net Revenue (Expenditures) (111823) 11508 (120620) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

8000

(103823)

(540224)

0

(528716)

(540224)

0

(660844)

0

(150000)

0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings

Total Transfers To (From) Fund Balance

(103823)

(103823)

(528716)

(528716)

(660844)

(660844)

0

0

Beginning Fund Balance

Ending Fund Balance

1252420

1148597

1148597

619881

1148597

487753

487753

487753

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Enterprise Funds are used to account for operations where the costs of providing goods or services to the

student body faculty and staff or the general public are financed primarily through user fees

20

INTERNAL SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Institutional 1095402 1120000 1047959 1110000

Total Revenues 1095402 1120000 1047959 1110000

EXPENDITURES

Auxiliary Services 1062274 1120000 1040000 1110000

Total Expenditures 1062274 1120000 1040000 1110000

Net Revenue (Expenditures) 33128 0 7959 0

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 33128 0 7959 0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings 33128 0 7959 0

Total Transfers To (From) Fund Balance 33128 0 7959 0

Beginning Fund Balance 62744 95872 95872 103831

Ending Fund Balance 95872 95872 103831 103831

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Internal Service Funds are used to account for the financing and related financial activity of goods and services

provided by one department to other departments of the district on a cost-reimbursement basis

21

BUDGETED EXPENDITURES BY OBJECT LEVEL

2019-20 BUDGET YEAR

Personnel Expenses

Salaries and Wages

Fringe Benefits

34944350

16142147

$51086497

Current Expenses 24902976

Capital Outlay 8483641

Debt Service 6891523

Total Budgeted Expenditures $91364637

Includes all funds

DEFINITIONS

Personnel Expenses Payroll expenditures which include wages health and dental insurance long-term

disability group life insurance retirement and social security contributions

Current Expenses Expenditures incurred during the fiscal year in progress--examples are supplies repairs

postage consulting services media services utilities and insurances

Capital Outlay Expenditures which result in the acquisition of fixed assets having a life of two or more

years and a cost greater than $5000 It is an expenditure for land buildings improvements to buildings

remodeling and major equipment

Debt Service Interest and principal payments made against the outstanding long-term debt of bonds

and notes payable and installment purchases

22

Combined Budget Summary

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 20444617 20900299 20927687 21498196

State Aids 26597512 25435877 25564062 26875659

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 1785791 1932820 1930930 1844820

Institutional 7192008 7429713 7358502 7605277

Federal 14985187 10502753 10061140 11849255

Total Revenues 85771822 81603931 80495795 84594207

EXPENDITURES

Instruction 45826903 41226667 40550920 42810696

Instructional Resources 1391192 1400776 1354460 1188766

Student Services 14358767 14641923 14363152 14291844

General Institutional 13248210 13404315 13364194 12415801

Physical Plant 16862477 15963995 15898217 15715592

Auxiliary Services 4489180 4687020 4490000 4941938

Total Expenditures 96176729 91324696 90020942 91364637

Net Revenue (Expenditures) (10404907) (9720765) (9525146) (6770430)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 3995093 (1820765) (6525146) (1430430)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Reserve for Debt Service 107981 0 18460 0

Retained Earnings (70695) (528716) (652885) 0

Reserve for Student Organizations (370267) (382380) (770208) 1338

Reserve for Student Finl Assistance 0 0 0 0

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1345627) (1017669) (1253206) 368232

Total Transfers To (From) Fund Balance 3995093 (1820765) (6525146) (1430430)

Beginning Fund Balance 18466248 22461341 22461341 15936195

Ending Fund Balance 22461341 20640576 15936195 14505765

EXPENDITURES BY FUND

General 53801304 55238458 55145968 55570924

Special Revenue-Operational 11107458 6408288 5706000 7103832

Special Revenue-Nonaidable 9177185 9405969 9159434 8372779

Capital Projects 10734560 8704215 8688000 8483641

Debt Service 6905092 6880746 6831540 6891523

Enterprise 3388856 3567020 3450000 3831938

Internal Service 1062274 1120000 1040000 1110000

Total Expenditures by Fund 96176729 91324696 90020942 91364637

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

23

PROFORMA BALANCE SHEET June 30 2019

Governmental Fund Category Proprietary Fund Account Group Total

Category

Special Special

Revenue- Revenue- Capital Debt Internal Fixed Long-Term (Memorandum

CURRENT ASSETS General Operational Non-aidable Projects Service Enterprise Service Assets Obligations Only)

Cash and Cash Equivalents $ 4348749 $ 703979 $ 1044775 $ 5013937 $ 475424 $ 145500 $ - $ - $ - $ 11732364

Property Taxes Receivable 6190934 - - - 223452 - - - - 6414386

Accounts Receivable 1829862 1246266 393133 48897 - 474719 35732 - - 4028609

Inventory - - - - - 19353 66607 - - 85960

Prepaid Items 821698 - - - - - - - - 821698

Due From Other Funds 1933131 - 489875 - - - 42914 - - 2465920

Capital Assets Less Depreciation - - - - - 370363 5058 67996797 - 68372218

Amt to be Provided for Debt Service - - - - - - - - 31915000 31915000 Total Assets $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

LIABILITIES

Accounts Payable $ 555324 $ 333053 $ 826199 $ 2768722 $ - $ 108891 $ 8452 $ - $ - $ 4600641

Accrued Payroll 2285239 8722 514691 - - 74923 38028 - - 2921603

Due to Other Funds 532789 1594763 - - - 338368 - - - 2465920

Debt Service Payable - - - - - - - - 31915000 31915000

Total Liabilities $ 3373352 $ 1936538 $ 1340890 $ 2768722 $ - $ 522182 $ 46480 $ - $ 31915000 $ 41903164

FUND EQUITY

General Fixed Assets $ - $ - $ - $ - $ - $ - $ - $67996797 $ - $ 67996797

Retained Earnings - - - - - 487753 103831 - - 591584

Fund Balance - - - - - - - - - -

Reserve for Student Organizations - - - - - - - - - -

Reserve for Std Finl Assistance - - 27992 - - - - - - 27992

Reserve for Capital Projects - - - 2294112 - - - - - 2294112

Reserve for Debt Service - - - - 698876 - - - - 698876

Unreserved - - - - - - - - - -

Designated for Operations 11751022 13707 558901 - - - - - - 12323630

Total Fund Equity $ 11751022 $ 13707 $ 586893 $ 2294112 $ 698876 $ 487753 $ 103831 $67996797 $ - $ 83932991 Total Liability amp Fund Equity $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

24

CAPITAL PROJECTS LISTING

2019-20

Description Amount

Remodeling Campuses 3500000

Instructional Equipment used in Programs 2483641

Administrative Computer SoftwareHardware 846250

Instructional Computer SoftwareHardware 528750

Multimedia Classrooms 425000

Administrative Equipment 210000

Equipment for Physical Plant 190000

Office and Classroom Furniture 300000

$ 8483641

25

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

CAPITAL PROJECTS FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

State Aids 390544 99215 112083 111055

Institutional 542114 170000 1041198 600000

Federal 675603 43000 67411 632586

Total Revenues 1608261 312215 1220692 1343641

EXPENDITURES

Instruction 3147428 2252723 2250000 2483641

Instructional Resources 680058 642000 640000 425000

Student Services 6748 10000 8000 10000

General Institutional 1381491 1508000 1500000 1575000

Physical Plant 5480785 4291492 4290000 3990000

Auxiliary Services 38050 0 0 0

Total Expenditures 10734560 8704215 8688000 8483641

Net Revenue (Expenditures) (9126299) (8392000) (7467308) (7140000)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Operating Transfer In (Out) 400000 600000 600000 0

Total Resources (Uses) 5673701 108000 (3867308) (1800000)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Total Transfers To (From) Fund Balance 5673701 108000 (3867308) (1800000)

Beginning Fund Balance 487719 6161420 6161420 2294112

Ending Fund Balance 6161420 6269420 2294112 494112

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Capital Projects Funds are used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisition construction equipping and remodeling

of buildings

18

DEBT SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Institutional

Total Revenues

2017-18

Actual

6800000

213073

7013073

2018-19

Budget

6800000

80746

6880746

2018-19

Estimate

6800000

50000

6850000

2019-20

Budget

6800000

91523

6891523

EXPENDITURES

Physical Plant

Total Expenditures

6905092

6905092

6880746

6880746

6831540

6831540

6891523

6891523

Net Revenue (Expenditures) 107981 0 18460 0

OTHER SOURCES (USES)

Proceeds from Debt

Operating Transfer In (Out)

Total Resources (Uses)

0

0

107981

0

0

0

0

0

18460

0

0

0

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Debt Service

Total Transfers To (From) Fund Balance

107981

107981

0

0

18460

18460

0

0

Beginning Fund Balance

Ending Fund Balance

572435

680416

680416

680416

680416

698876

698876

698876

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Debt Service Funds are used to account for the accumulation of resources for and the payment of general

long-term debt and long-term lease purchase principal and interest

19

ENTERPRISE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

State Aids

Institutional

Total Revenues

2017-18

Actual

141280

3135753

3277033

2018-19

Budget

136380

3442148

3578528

2018-19

Estimate

136380

3193000

3329380

2019-20

Budget

136380

3845558

3981938

EXPENDITURES

Auxiliary Services

Total Expenditures

3388856

3388856

3567020

3567020

3450000

3450000

3831938

3831938

Net Revenue (Expenditures) (111823) 11508 (120620) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

8000

(103823)

(540224)

0

(528716)

(540224)

0

(660844)

0

(150000)

0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings

Total Transfers To (From) Fund Balance

(103823)

(103823)

(528716)

(528716)

(660844)

(660844)

0

0

Beginning Fund Balance

Ending Fund Balance

1252420

1148597

1148597

619881

1148597

487753

487753

487753

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Enterprise Funds are used to account for operations where the costs of providing goods or services to the

student body faculty and staff or the general public are financed primarily through user fees

20

INTERNAL SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Institutional 1095402 1120000 1047959 1110000

Total Revenues 1095402 1120000 1047959 1110000

EXPENDITURES

Auxiliary Services 1062274 1120000 1040000 1110000

Total Expenditures 1062274 1120000 1040000 1110000

Net Revenue (Expenditures) 33128 0 7959 0

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 33128 0 7959 0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings 33128 0 7959 0

Total Transfers To (From) Fund Balance 33128 0 7959 0

Beginning Fund Balance 62744 95872 95872 103831

Ending Fund Balance 95872 95872 103831 103831

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Internal Service Funds are used to account for the financing and related financial activity of goods and services

provided by one department to other departments of the district on a cost-reimbursement basis

21

BUDGETED EXPENDITURES BY OBJECT LEVEL

2019-20 BUDGET YEAR

Personnel Expenses

Salaries and Wages

Fringe Benefits

34944350

16142147

$51086497

Current Expenses 24902976

Capital Outlay 8483641

Debt Service 6891523

Total Budgeted Expenditures $91364637

Includes all funds

DEFINITIONS

Personnel Expenses Payroll expenditures which include wages health and dental insurance long-term

disability group life insurance retirement and social security contributions

Current Expenses Expenditures incurred during the fiscal year in progress--examples are supplies repairs

postage consulting services media services utilities and insurances

Capital Outlay Expenditures which result in the acquisition of fixed assets having a life of two or more

years and a cost greater than $5000 It is an expenditure for land buildings improvements to buildings

remodeling and major equipment

Debt Service Interest and principal payments made against the outstanding long-term debt of bonds

and notes payable and installment purchases

22

Combined Budget Summary

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 20444617 20900299 20927687 21498196

State Aids 26597512 25435877 25564062 26875659

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 1785791 1932820 1930930 1844820

Institutional 7192008 7429713 7358502 7605277

Federal 14985187 10502753 10061140 11849255

Total Revenues 85771822 81603931 80495795 84594207

EXPENDITURES

Instruction 45826903 41226667 40550920 42810696

Instructional Resources 1391192 1400776 1354460 1188766

Student Services 14358767 14641923 14363152 14291844

General Institutional 13248210 13404315 13364194 12415801

Physical Plant 16862477 15963995 15898217 15715592

Auxiliary Services 4489180 4687020 4490000 4941938

Total Expenditures 96176729 91324696 90020942 91364637

Net Revenue (Expenditures) (10404907) (9720765) (9525146) (6770430)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 3995093 (1820765) (6525146) (1430430)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Reserve for Debt Service 107981 0 18460 0

Retained Earnings (70695) (528716) (652885) 0

Reserve for Student Organizations (370267) (382380) (770208) 1338

Reserve for Student Finl Assistance 0 0 0 0

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1345627) (1017669) (1253206) 368232

Total Transfers To (From) Fund Balance 3995093 (1820765) (6525146) (1430430)

Beginning Fund Balance 18466248 22461341 22461341 15936195

Ending Fund Balance 22461341 20640576 15936195 14505765

EXPENDITURES BY FUND

General 53801304 55238458 55145968 55570924

Special Revenue-Operational 11107458 6408288 5706000 7103832

Special Revenue-Nonaidable 9177185 9405969 9159434 8372779

Capital Projects 10734560 8704215 8688000 8483641

Debt Service 6905092 6880746 6831540 6891523

Enterprise 3388856 3567020 3450000 3831938

Internal Service 1062274 1120000 1040000 1110000

Total Expenditures by Fund 96176729 91324696 90020942 91364637

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

23

PROFORMA BALANCE SHEET June 30 2019

Governmental Fund Category Proprietary Fund Account Group Total

Category

Special Special

Revenue- Revenue- Capital Debt Internal Fixed Long-Term (Memorandum

CURRENT ASSETS General Operational Non-aidable Projects Service Enterprise Service Assets Obligations Only)

Cash and Cash Equivalents $ 4348749 $ 703979 $ 1044775 $ 5013937 $ 475424 $ 145500 $ - $ - $ - $ 11732364

Property Taxes Receivable 6190934 - - - 223452 - - - - 6414386

Accounts Receivable 1829862 1246266 393133 48897 - 474719 35732 - - 4028609

Inventory - - - - - 19353 66607 - - 85960

Prepaid Items 821698 - - - - - - - - 821698

Due From Other Funds 1933131 - 489875 - - - 42914 - - 2465920

Capital Assets Less Depreciation - - - - - 370363 5058 67996797 - 68372218

Amt to be Provided for Debt Service - - - - - - - - 31915000 31915000 Total Assets $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

LIABILITIES

Accounts Payable $ 555324 $ 333053 $ 826199 $ 2768722 $ - $ 108891 $ 8452 $ - $ - $ 4600641

Accrued Payroll 2285239 8722 514691 - - 74923 38028 - - 2921603

Due to Other Funds 532789 1594763 - - - 338368 - - - 2465920

Debt Service Payable - - - - - - - - 31915000 31915000

Total Liabilities $ 3373352 $ 1936538 $ 1340890 $ 2768722 $ - $ 522182 $ 46480 $ - $ 31915000 $ 41903164

FUND EQUITY

General Fixed Assets $ - $ - $ - $ - $ - $ - $ - $67996797 $ - $ 67996797

Retained Earnings - - - - - 487753 103831 - - 591584

Fund Balance - - - - - - - - - -

Reserve for Student Organizations - - - - - - - - - -

Reserve for Std Finl Assistance - - 27992 - - - - - - 27992

Reserve for Capital Projects - - - 2294112 - - - - - 2294112

Reserve for Debt Service - - - - 698876 - - - - 698876

Unreserved - - - - - - - - - -

Designated for Operations 11751022 13707 558901 - - - - - - 12323630

Total Fund Equity $ 11751022 $ 13707 $ 586893 $ 2294112 $ 698876 $ 487753 $ 103831 $67996797 $ - $ 83932991 Total Liability amp Fund Equity $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

24

CAPITAL PROJECTS LISTING

2019-20

Description Amount

Remodeling Campuses 3500000

Instructional Equipment used in Programs 2483641

Administrative Computer SoftwareHardware 846250

Instructional Computer SoftwareHardware 528750

Multimedia Classrooms 425000

Administrative Equipment 210000

Equipment for Physical Plant 190000

Office and Classroom Furniture 300000

$ 8483641

25

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

DEBT SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

Local - Property Tax

Institutional

Total Revenues

2017-18

Actual

6800000

213073

7013073

2018-19

Budget

6800000

80746

6880746

2018-19

Estimate

6800000

50000

6850000

2019-20

Budget

6800000

91523

6891523

EXPENDITURES

Physical Plant

Total Expenditures

6905092

6905092

6880746

6880746

6831540

6831540

6891523

6891523

Net Revenue (Expenditures) 107981 0 18460 0

OTHER SOURCES (USES)

Proceeds from Debt

Operating Transfer In (Out)

Total Resources (Uses)

0

0

107981

0

0

0

0

0

18460

0

0

0

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Debt Service

Total Transfers To (From) Fund Balance

107981

107981

0

0

18460

18460

0

0

Beginning Fund Balance

Ending Fund Balance

572435

680416

680416

680416

680416

698876

698876

698876

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Debt Service Funds are used to account for the accumulation of resources for and the payment of general

long-term debt and long-term lease purchase principal and interest

19

ENTERPRISE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

State Aids

Institutional

Total Revenues

2017-18

Actual

141280

3135753

3277033

2018-19

Budget

136380

3442148

3578528

2018-19

Estimate

136380

3193000

3329380

2019-20

Budget

136380

3845558

3981938

EXPENDITURES

Auxiliary Services

Total Expenditures

3388856

3388856

3567020

3567020

3450000

3450000

3831938

3831938

Net Revenue (Expenditures) (111823) 11508 (120620) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

8000

(103823)

(540224)

0

(528716)

(540224)

0

(660844)

0

(150000)

0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings

Total Transfers To (From) Fund Balance

(103823)

(103823)

(528716)

(528716)

(660844)

(660844)

0

0

Beginning Fund Balance

Ending Fund Balance

1252420

1148597

1148597

619881

1148597

487753

487753

487753

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Enterprise Funds are used to account for operations where the costs of providing goods or services to the

student body faculty and staff or the general public are financed primarily through user fees

20

INTERNAL SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Institutional 1095402 1120000 1047959 1110000

Total Revenues 1095402 1120000 1047959 1110000

EXPENDITURES

Auxiliary Services 1062274 1120000 1040000 1110000

Total Expenditures 1062274 1120000 1040000 1110000

Net Revenue (Expenditures) 33128 0 7959 0

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 33128 0 7959 0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings 33128 0 7959 0

Total Transfers To (From) Fund Balance 33128 0 7959 0

Beginning Fund Balance 62744 95872 95872 103831

Ending Fund Balance 95872 95872 103831 103831

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Internal Service Funds are used to account for the financing and related financial activity of goods and services

provided by one department to other departments of the district on a cost-reimbursement basis

21

BUDGETED EXPENDITURES BY OBJECT LEVEL

2019-20 BUDGET YEAR

Personnel Expenses

Salaries and Wages

Fringe Benefits

34944350

16142147

$51086497

Current Expenses 24902976

Capital Outlay 8483641

Debt Service 6891523

Total Budgeted Expenditures $91364637

Includes all funds

DEFINITIONS

Personnel Expenses Payroll expenditures which include wages health and dental insurance long-term

disability group life insurance retirement and social security contributions

Current Expenses Expenditures incurred during the fiscal year in progress--examples are supplies repairs

postage consulting services media services utilities and insurances

Capital Outlay Expenditures which result in the acquisition of fixed assets having a life of two or more

years and a cost greater than $5000 It is an expenditure for land buildings improvements to buildings

remodeling and major equipment

Debt Service Interest and principal payments made against the outstanding long-term debt of bonds

and notes payable and installment purchases

22

Combined Budget Summary

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 20444617 20900299 20927687 21498196

State Aids 26597512 25435877 25564062 26875659

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 1785791 1932820 1930930 1844820

Institutional 7192008 7429713 7358502 7605277

Federal 14985187 10502753 10061140 11849255

Total Revenues 85771822 81603931 80495795 84594207

EXPENDITURES

Instruction 45826903 41226667 40550920 42810696

Instructional Resources 1391192 1400776 1354460 1188766

Student Services 14358767 14641923 14363152 14291844

General Institutional 13248210 13404315 13364194 12415801

Physical Plant 16862477 15963995 15898217 15715592

Auxiliary Services 4489180 4687020 4490000 4941938

Total Expenditures 96176729 91324696 90020942 91364637

Net Revenue (Expenditures) (10404907) (9720765) (9525146) (6770430)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 3995093 (1820765) (6525146) (1430430)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Reserve for Debt Service 107981 0 18460 0

Retained Earnings (70695) (528716) (652885) 0

Reserve for Student Organizations (370267) (382380) (770208) 1338

Reserve for Student Finl Assistance 0 0 0 0

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1345627) (1017669) (1253206) 368232

Total Transfers To (From) Fund Balance 3995093 (1820765) (6525146) (1430430)

Beginning Fund Balance 18466248 22461341 22461341 15936195

Ending Fund Balance 22461341 20640576 15936195 14505765

EXPENDITURES BY FUND

General 53801304 55238458 55145968 55570924

Special Revenue-Operational 11107458 6408288 5706000 7103832

Special Revenue-Nonaidable 9177185 9405969 9159434 8372779

Capital Projects 10734560 8704215 8688000 8483641

Debt Service 6905092 6880746 6831540 6891523

Enterprise 3388856 3567020 3450000 3831938

Internal Service 1062274 1120000 1040000 1110000

Total Expenditures by Fund 96176729 91324696 90020942 91364637

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

23

PROFORMA BALANCE SHEET June 30 2019

Governmental Fund Category Proprietary Fund Account Group Total

Category

Special Special

Revenue- Revenue- Capital Debt Internal Fixed Long-Term (Memorandum

CURRENT ASSETS General Operational Non-aidable Projects Service Enterprise Service Assets Obligations Only)

Cash and Cash Equivalents $ 4348749 $ 703979 $ 1044775 $ 5013937 $ 475424 $ 145500 $ - $ - $ - $ 11732364

Property Taxes Receivable 6190934 - - - 223452 - - - - 6414386

Accounts Receivable 1829862 1246266 393133 48897 - 474719 35732 - - 4028609

Inventory - - - - - 19353 66607 - - 85960

Prepaid Items 821698 - - - - - - - - 821698

Due From Other Funds 1933131 - 489875 - - - 42914 - - 2465920

Capital Assets Less Depreciation - - - - - 370363 5058 67996797 - 68372218

Amt to be Provided for Debt Service - - - - - - - - 31915000 31915000 Total Assets $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

LIABILITIES

Accounts Payable $ 555324 $ 333053 $ 826199 $ 2768722 $ - $ 108891 $ 8452 $ - $ - $ 4600641

Accrued Payroll 2285239 8722 514691 - - 74923 38028 - - 2921603

Due to Other Funds 532789 1594763 - - - 338368 - - - 2465920

Debt Service Payable - - - - - - - - 31915000 31915000

Total Liabilities $ 3373352 $ 1936538 $ 1340890 $ 2768722 $ - $ 522182 $ 46480 $ - $ 31915000 $ 41903164

FUND EQUITY

General Fixed Assets $ - $ - $ - $ - $ - $ - $ - $67996797 $ - $ 67996797

Retained Earnings - - - - - 487753 103831 - - 591584

Fund Balance - - - - - - - - - -

Reserve for Student Organizations - - - - - - - - - -

Reserve for Std Finl Assistance - - 27992 - - - - - - 27992

Reserve for Capital Projects - - - 2294112 - - - - - 2294112

Reserve for Debt Service - - - - 698876 - - - - 698876

Unreserved - - - - - - - - - -

Designated for Operations 11751022 13707 558901 - - - - - - 12323630

Total Fund Equity $ 11751022 $ 13707 $ 586893 $ 2294112 $ 698876 $ 487753 $ 103831 $67996797 $ - $ 83932991 Total Liability amp Fund Equity $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

24

CAPITAL PROJECTS LISTING

2019-20

Description Amount

Remodeling Campuses 3500000

Instructional Equipment used in Programs 2483641

Administrative Computer SoftwareHardware 846250

Instructional Computer SoftwareHardware 528750

Multimedia Classrooms 425000

Administrative Equipment 210000

Equipment for Physical Plant 190000

Office and Classroom Furniture 300000

$ 8483641

25

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

ENTERPRISE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

REVENUES

State Aids

Institutional

Total Revenues

2017-18

Actual

141280

3135753

3277033

2018-19

Budget

136380

3442148

3578528

2018-19

Estimate

136380

3193000

3329380

2019-20

Budget

136380

3845558

3981938

EXPENDITURES

Auxiliary Services

Total Expenditures

3388856

3388856

3567020

3567020

3450000

3450000

3831938

3831938

Net Revenue (Expenditures) (111823) 11508 (120620) 150000

OTHER SOURCES (USES)

Residual Equity Transfer In (Out)

Operating Transfer In (Out)

Total Resources (Uses)

0

8000

(103823)

(540224)

0

(528716)

(540224)

0

(660844)

0

(150000)

0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings

Total Transfers To (From) Fund Balance

(103823)

(103823)

(528716)

(528716)

(660844)

(660844)

0

0

Beginning Fund Balance

Ending Fund Balance

1252420

1148597

1148597

619881

1148597

487753

487753

487753

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Enterprise Funds are used to account for operations where the costs of providing goods or services to the

student body faculty and staff or the general public are financed primarily through user fees

20

INTERNAL SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Institutional 1095402 1120000 1047959 1110000

Total Revenues 1095402 1120000 1047959 1110000

EXPENDITURES

Auxiliary Services 1062274 1120000 1040000 1110000

Total Expenditures 1062274 1120000 1040000 1110000

Net Revenue (Expenditures) 33128 0 7959 0

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 33128 0 7959 0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings 33128 0 7959 0

Total Transfers To (From) Fund Balance 33128 0 7959 0

Beginning Fund Balance 62744 95872 95872 103831

Ending Fund Balance 95872 95872 103831 103831

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Internal Service Funds are used to account for the financing and related financial activity of goods and services

provided by one department to other departments of the district on a cost-reimbursement basis

21

BUDGETED EXPENDITURES BY OBJECT LEVEL

2019-20 BUDGET YEAR

Personnel Expenses

Salaries and Wages

Fringe Benefits

34944350

16142147

$51086497

Current Expenses 24902976

Capital Outlay 8483641

Debt Service 6891523

Total Budgeted Expenditures $91364637

Includes all funds

DEFINITIONS

Personnel Expenses Payroll expenditures which include wages health and dental insurance long-term

disability group life insurance retirement and social security contributions

Current Expenses Expenditures incurred during the fiscal year in progress--examples are supplies repairs

postage consulting services media services utilities and insurances

Capital Outlay Expenditures which result in the acquisition of fixed assets having a life of two or more

years and a cost greater than $5000 It is an expenditure for land buildings improvements to buildings

remodeling and major equipment

Debt Service Interest and principal payments made against the outstanding long-term debt of bonds

and notes payable and installment purchases

22

Combined Budget Summary

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 20444617 20900299 20927687 21498196

State Aids 26597512 25435877 25564062 26875659

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 1785791 1932820 1930930 1844820

Institutional 7192008 7429713 7358502 7605277

Federal 14985187 10502753 10061140 11849255

Total Revenues 85771822 81603931 80495795 84594207

EXPENDITURES

Instruction 45826903 41226667 40550920 42810696

Instructional Resources 1391192 1400776 1354460 1188766

Student Services 14358767 14641923 14363152 14291844

General Institutional 13248210 13404315 13364194 12415801

Physical Plant 16862477 15963995 15898217 15715592

Auxiliary Services 4489180 4687020 4490000 4941938

Total Expenditures 96176729 91324696 90020942 91364637

Net Revenue (Expenditures) (10404907) (9720765) (9525146) (6770430)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 3995093 (1820765) (6525146) (1430430)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Reserve for Debt Service 107981 0 18460 0

Retained Earnings (70695) (528716) (652885) 0

Reserve for Student Organizations (370267) (382380) (770208) 1338

Reserve for Student Finl Assistance 0 0 0 0

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1345627) (1017669) (1253206) 368232

Total Transfers To (From) Fund Balance 3995093 (1820765) (6525146) (1430430)

Beginning Fund Balance 18466248 22461341 22461341 15936195

Ending Fund Balance 22461341 20640576 15936195 14505765

EXPENDITURES BY FUND

General 53801304 55238458 55145968 55570924

Special Revenue-Operational 11107458 6408288 5706000 7103832

Special Revenue-Nonaidable 9177185 9405969 9159434 8372779

Capital Projects 10734560 8704215 8688000 8483641

Debt Service 6905092 6880746 6831540 6891523

Enterprise 3388856 3567020 3450000 3831938

Internal Service 1062274 1120000 1040000 1110000

Total Expenditures by Fund 96176729 91324696 90020942 91364637

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

23

PROFORMA BALANCE SHEET June 30 2019

Governmental Fund Category Proprietary Fund Account Group Total

Category

Special Special

Revenue- Revenue- Capital Debt Internal Fixed Long-Term (Memorandum

CURRENT ASSETS General Operational Non-aidable Projects Service Enterprise Service Assets Obligations Only)

Cash and Cash Equivalents $ 4348749 $ 703979 $ 1044775 $ 5013937 $ 475424 $ 145500 $ - $ - $ - $ 11732364

Property Taxes Receivable 6190934 - - - 223452 - - - - 6414386

Accounts Receivable 1829862 1246266 393133 48897 - 474719 35732 - - 4028609

Inventory - - - - - 19353 66607 - - 85960

Prepaid Items 821698 - - - - - - - - 821698

Due From Other Funds 1933131 - 489875 - - - 42914 - - 2465920

Capital Assets Less Depreciation - - - - - 370363 5058 67996797 - 68372218

Amt to be Provided for Debt Service - - - - - - - - 31915000 31915000 Total Assets $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

LIABILITIES

Accounts Payable $ 555324 $ 333053 $ 826199 $ 2768722 $ - $ 108891 $ 8452 $ - $ - $ 4600641

Accrued Payroll 2285239 8722 514691 - - 74923 38028 - - 2921603

Due to Other Funds 532789 1594763 - - - 338368 - - - 2465920

Debt Service Payable - - - - - - - - 31915000 31915000

Total Liabilities $ 3373352 $ 1936538 $ 1340890 $ 2768722 $ - $ 522182 $ 46480 $ - $ 31915000 $ 41903164

FUND EQUITY

General Fixed Assets $ - $ - $ - $ - $ - $ - $ - $67996797 $ - $ 67996797

Retained Earnings - - - - - 487753 103831 - - 591584

Fund Balance - - - - - - - - - -

Reserve for Student Organizations - - - - - - - - - -

Reserve for Std Finl Assistance - - 27992 - - - - - - 27992

Reserve for Capital Projects - - - 2294112 - - - - - 2294112

Reserve for Debt Service - - - - 698876 - - - - 698876

Unreserved - - - - - - - - - -

Designated for Operations 11751022 13707 558901 - - - - - - 12323630

Total Fund Equity $ 11751022 $ 13707 $ 586893 $ 2294112 $ 698876 $ 487753 $ 103831 $67996797 $ - $ 83932991 Total Liability amp Fund Equity $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

24

CAPITAL PROJECTS LISTING

2019-20

Description Amount

Remodeling Campuses 3500000

Instructional Equipment used in Programs 2483641

Administrative Computer SoftwareHardware 846250

Instructional Computer SoftwareHardware 528750

Multimedia Classrooms 425000

Administrative Equipment 210000

Equipment for Physical Plant 190000

Office and Classroom Furniture 300000

$ 8483641

25

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

INTERNAL SERVICE FUND

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Institutional 1095402 1120000 1047959 1110000

Total Revenues 1095402 1120000 1047959 1110000

EXPENDITURES

Auxiliary Services 1062274 1120000 1040000 1110000

Total Expenditures 1062274 1120000 1040000 1110000

Net Revenue (Expenditures) 33128 0 7959 0

OTHER SOURCES (USES)

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 33128 0 7959 0

TRANSFERS TO (FROM) FUND BALANCE

Retained Earnings 33128 0 7959 0

Total Transfers To (From) Fund Balance 33128 0 7959 0

Beginning Fund Balance 62744 95872 95872 103831

Ending Fund Balance 95872 95872 103831 103831

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

Internal Service Funds are used to account for the financing and related financial activity of goods and services

provided by one department to other departments of the district on a cost-reimbursement basis

21

BUDGETED EXPENDITURES BY OBJECT LEVEL

2019-20 BUDGET YEAR

Personnel Expenses

Salaries and Wages

Fringe Benefits

34944350

16142147

$51086497

Current Expenses 24902976

Capital Outlay 8483641

Debt Service 6891523

Total Budgeted Expenditures $91364637

Includes all funds

DEFINITIONS

Personnel Expenses Payroll expenditures which include wages health and dental insurance long-term

disability group life insurance retirement and social security contributions

Current Expenses Expenditures incurred during the fiscal year in progress--examples are supplies repairs

postage consulting services media services utilities and insurances

Capital Outlay Expenditures which result in the acquisition of fixed assets having a life of two or more

years and a cost greater than $5000 It is an expenditure for land buildings improvements to buildings

remodeling and major equipment

Debt Service Interest and principal payments made against the outstanding long-term debt of bonds

and notes payable and installment purchases

22

Combined Budget Summary

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 20444617 20900299 20927687 21498196

State Aids 26597512 25435877 25564062 26875659

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 1785791 1932820 1930930 1844820

Institutional 7192008 7429713 7358502 7605277

Federal 14985187 10502753 10061140 11849255

Total Revenues 85771822 81603931 80495795 84594207

EXPENDITURES

Instruction 45826903 41226667 40550920 42810696

Instructional Resources 1391192 1400776 1354460 1188766

Student Services 14358767 14641923 14363152 14291844

General Institutional 13248210 13404315 13364194 12415801

Physical Plant 16862477 15963995 15898217 15715592

Auxiliary Services 4489180 4687020 4490000 4941938

Total Expenditures 96176729 91324696 90020942 91364637

Net Revenue (Expenditures) (10404907) (9720765) (9525146) (6770430)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 3995093 (1820765) (6525146) (1430430)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Reserve for Debt Service 107981 0 18460 0

Retained Earnings (70695) (528716) (652885) 0

Reserve for Student Organizations (370267) (382380) (770208) 1338

Reserve for Student Finl Assistance 0 0 0 0

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1345627) (1017669) (1253206) 368232

Total Transfers To (From) Fund Balance 3995093 (1820765) (6525146) (1430430)

Beginning Fund Balance 18466248 22461341 22461341 15936195

Ending Fund Balance 22461341 20640576 15936195 14505765

EXPENDITURES BY FUND

General 53801304 55238458 55145968 55570924

Special Revenue-Operational 11107458 6408288 5706000 7103832

Special Revenue-Nonaidable 9177185 9405969 9159434 8372779

Capital Projects 10734560 8704215 8688000 8483641

Debt Service 6905092 6880746 6831540 6891523

Enterprise 3388856 3567020 3450000 3831938

Internal Service 1062274 1120000 1040000 1110000

Total Expenditures by Fund 96176729 91324696 90020942 91364637

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

23

PROFORMA BALANCE SHEET June 30 2019

Governmental Fund Category Proprietary Fund Account Group Total

Category

Special Special

Revenue- Revenue- Capital Debt Internal Fixed Long-Term (Memorandum

CURRENT ASSETS General Operational Non-aidable Projects Service Enterprise Service Assets Obligations Only)

Cash and Cash Equivalents $ 4348749 $ 703979 $ 1044775 $ 5013937 $ 475424 $ 145500 $ - $ - $ - $ 11732364

Property Taxes Receivable 6190934 - - - 223452 - - - - 6414386

Accounts Receivable 1829862 1246266 393133 48897 - 474719 35732 - - 4028609

Inventory - - - - - 19353 66607 - - 85960

Prepaid Items 821698 - - - - - - - - 821698

Due From Other Funds 1933131 - 489875 - - - 42914 - - 2465920

Capital Assets Less Depreciation - - - - - 370363 5058 67996797 - 68372218

Amt to be Provided for Debt Service - - - - - - - - 31915000 31915000 Total Assets $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

LIABILITIES

Accounts Payable $ 555324 $ 333053 $ 826199 $ 2768722 $ - $ 108891 $ 8452 $ - $ - $ 4600641

Accrued Payroll 2285239 8722 514691 - - 74923 38028 - - 2921603

Due to Other Funds 532789 1594763 - - - 338368 - - - 2465920

Debt Service Payable - - - - - - - - 31915000 31915000

Total Liabilities $ 3373352 $ 1936538 $ 1340890 $ 2768722 $ - $ 522182 $ 46480 $ - $ 31915000 $ 41903164

FUND EQUITY

General Fixed Assets $ - $ - $ - $ - $ - $ - $ - $67996797 $ - $ 67996797

Retained Earnings - - - - - 487753 103831 - - 591584

Fund Balance - - - - - - - - - -

Reserve for Student Organizations - - - - - - - - - -

Reserve for Std Finl Assistance - - 27992 - - - - - - 27992

Reserve for Capital Projects - - - 2294112 - - - - - 2294112

Reserve for Debt Service - - - - 698876 - - - - 698876

Unreserved - - - - - - - - - -

Designated for Operations 11751022 13707 558901 - - - - - - 12323630

Total Fund Equity $ 11751022 $ 13707 $ 586893 $ 2294112 $ 698876 $ 487753 $ 103831 $67996797 $ - $ 83932991 Total Liability amp Fund Equity $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

24

CAPITAL PROJECTS LISTING

2019-20

Description Amount

Remodeling Campuses 3500000

Instructional Equipment used in Programs 2483641

Administrative Computer SoftwareHardware 846250

Instructional Computer SoftwareHardware 528750

Multimedia Classrooms 425000

Administrative Equipment 210000

Equipment for Physical Plant 190000

Office and Classroom Furniture 300000

$ 8483641

25

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

BUDGETED EXPENDITURES BY OBJECT LEVEL

2019-20 BUDGET YEAR

Personnel Expenses

Salaries and Wages

Fringe Benefits

34944350

16142147

$51086497

Current Expenses 24902976

Capital Outlay 8483641

Debt Service 6891523

Total Budgeted Expenditures $91364637

Includes all funds

DEFINITIONS

Personnel Expenses Payroll expenditures which include wages health and dental insurance long-term

disability group life insurance retirement and social security contributions

Current Expenses Expenditures incurred during the fiscal year in progress--examples are supplies repairs

postage consulting services media services utilities and insurances

Capital Outlay Expenditures which result in the acquisition of fixed assets having a life of two or more

years and a cost greater than $5000 It is an expenditure for land buildings improvements to buildings

remodeling and major equipment

Debt Service Interest and principal payments made against the outstanding long-term debt of bonds

and notes payable and installment purchases

22

Combined Budget Summary

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 20444617 20900299 20927687 21498196

State Aids 26597512 25435877 25564062 26875659

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 1785791 1932820 1930930 1844820

Institutional 7192008 7429713 7358502 7605277

Federal 14985187 10502753 10061140 11849255

Total Revenues 85771822 81603931 80495795 84594207

EXPENDITURES

Instruction 45826903 41226667 40550920 42810696

Instructional Resources 1391192 1400776 1354460 1188766

Student Services 14358767 14641923 14363152 14291844

General Institutional 13248210 13404315 13364194 12415801

Physical Plant 16862477 15963995 15898217 15715592

Auxiliary Services 4489180 4687020 4490000 4941938

Total Expenditures 96176729 91324696 90020942 91364637

Net Revenue (Expenditures) (10404907) (9720765) (9525146) (6770430)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 3995093 (1820765) (6525146) (1430430)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Reserve for Debt Service 107981 0 18460 0

Retained Earnings (70695) (528716) (652885) 0

Reserve for Student Organizations (370267) (382380) (770208) 1338

Reserve for Student Finl Assistance 0 0 0 0

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1345627) (1017669) (1253206) 368232

Total Transfers To (From) Fund Balance 3995093 (1820765) (6525146) (1430430)

Beginning Fund Balance 18466248 22461341 22461341 15936195

Ending Fund Balance 22461341 20640576 15936195 14505765

EXPENDITURES BY FUND

General 53801304 55238458 55145968 55570924

Special Revenue-Operational 11107458 6408288 5706000 7103832

Special Revenue-Nonaidable 9177185 9405969 9159434 8372779

Capital Projects 10734560 8704215 8688000 8483641

Debt Service 6905092 6880746 6831540 6891523

Enterprise 3388856 3567020 3450000 3831938

Internal Service 1062274 1120000 1040000 1110000

Total Expenditures by Fund 96176729 91324696 90020942 91364637

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

23

PROFORMA BALANCE SHEET June 30 2019

Governmental Fund Category Proprietary Fund Account Group Total

Category

Special Special

Revenue- Revenue- Capital Debt Internal Fixed Long-Term (Memorandum

CURRENT ASSETS General Operational Non-aidable Projects Service Enterprise Service Assets Obligations Only)

Cash and Cash Equivalents $ 4348749 $ 703979 $ 1044775 $ 5013937 $ 475424 $ 145500 $ - $ - $ - $ 11732364

Property Taxes Receivable 6190934 - - - 223452 - - - - 6414386

Accounts Receivable 1829862 1246266 393133 48897 - 474719 35732 - - 4028609

Inventory - - - - - 19353 66607 - - 85960

Prepaid Items 821698 - - - - - - - - 821698

Due From Other Funds 1933131 - 489875 - - - 42914 - - 2465920

Capital Assets Less Depreciation - - - - - 370363 5058 67996797 - 68372218

Amt to be Provided for Debt Service - - - - - - - - 31915000 31915000 Total Assets $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

LIABILITIES

Accounts Payable $ 555324 $ 333053 $ 826199 $ 2768722 $ - $ 108891 $ 8452 $ - $ - $ 4600641

Accrued Payroll 2285239 8722 514691 - - 74923 38028 - - 2921603

Due to Other Funds 532789 1594763 - - - 338368 - - - 2465920

Debt Service Payable - - - - - - - - 31915000 31915000

Total Liabilities $ 3373352 $ 1936538 $ 1340890 $ 2768722 $ - $ 522182 $ 46480 $ - $ 31915000 $ 41903164

FUND EQUITY

General Fixed Assets $ - $ - $ - $ - $ - $ - $ - $67996797 $ - $ 67996797

Retained Earnings - - - - - 487753 103831 - - 591584

Fund Balance - - - - - - - - - -

Reserve for Student Organizations - - - - - - - - - -

Reserve for Std Finl Assistance - - 27992 - - - - - - 27992

Reserve for Capital Projects - - - 2294112 - - - - - 2294112

Reserve for Debt Service - - - - 698876 - - - - 698876

Unreserved - - - - - - - - - -

Designated for Operations 11751022 13707 558901 - - - - - - 12323630

Total Fund Equity $ 11751022 $ 13707 $ 586893 $ 2294112 $ 698876 $ 487753 $ 103831 $67996797 $ - $ 83932991 Total Liability amp Fund Equity $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

24

CAPITAL PROJECTS LISTING

2019-20

Description Amount

Remodeling Campuses 3500000

Instructional Equipment used in Programs 2483641

Administrative Computer SoftwareHardware 846250

Instructional Computer SoftwareHardware 528750

Multimedia Classrooms 425000

Administrative Equipment 210000

Equipment for Physical Plant 190000

Office and Classroom Furniture 300000

$ 8483641

25

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

Combined Budget Summary

2019-20 BUDGETARY STATEMENT OF RESOURCES USES AND CHANGES IN FUND BALANCE

2017-18 2018-19 2018-19 2019-20

Actual Budget Estimate Budget

REVENUES

Local - Property Tax 20444617 20900299 20927687 21498196

State Aids 26597512 25435877 25564062 26875659

Program Fees 13960524 14592469 13843474 14111000

Material Fees 806183 810000 810000 810000

Other Student Fees 1785791 1932820 1930930 1844820

Institutional 7192008 7429713 7358502 7605277

Federal 14985187 10502753 10061140 11849255

Total Revenues 85771822 81603931 80495795 84594207

EXPENDITURES

Instruction 45826903 41226667 40550920 42810696

Instructional Resources 1391192 1400776 1354460 1188766

Student Services 14358767 14641923 14363152 14291844

General Institutional 13248210 13404315 13364194 12415801

Physical Plant 16862477 15963995 15898217 15715592

Auxiliary Services 4489180 4687020 4490000 4941938

Total Expenditures 96176729 91324696 90020942 91364637

Net Revenue (Expenditures) (10404907) (9720765) (9525146) (6770430)

OTHER SOURCES (USES)

Proceeds from Debt 14400000 7900000 3000000 5340000

Residual Equity Transfer In (Out) 0 0 0 0

Operating Transfer In (Out) 0 0 0 0

Total Resources (Uses) 3995093 (1820765) (6525146) (1430430)

TRANSFERS TO (FROM) FUND BALANCE

Reserve for Capital Projects 5673701 108000 (3867308) (1800000)

Reserve for Debt Service 107981 0 18460 0

Retained Earnings (70695) (528716) (652885) 0

Reserve for Student Organizations (370267) (382380) (770208) 1338

Reserve for Student Finl Assistance 0 0 0 0

Reserve for Operations 0 0 0 0

Designated for Subsequent Years (1345627) (1017669) (1253206) 368232

Total Transfers To (From) Fund Balance 3995093 (1820765) (6525146) (1430430)

Beginning Fund Balance 18466248 22461341 22461341 15936195

Ending Fund Balance 22461341 20640576 15936195 14505765

EXPENDITURES BY FUND

General 53801304 55238458 55145968 55570924

Special Revenue-Operational 11107458 6408288 5706000 7103832

Special Revenue-Nonaidable 9177185 9405969 9159434 8372779

Capital Projects 10734560 8704215 8688000 8483641

Debt Service 6905092 6880746 6831540 6891523

Enterprise 3388856 3567020 3450000 3831938

Internal Service 1062274 1120000 1040000 1110000

Total Expenditures by Fund 96176729 91324696 90020942 91364637

Budget figures reflect appropriation changes as of May 30 2019

Actual is presented on a budgetary basis

Estimate is based upon ten months of actual and two months of estimate

23

PROFORMA BALANCE SHEET June 30 2019

Governmental Fund Category Proprietary Fund Account Group Total

Category

Special Special

Revenue- Revenue- Capital Debt Internal Fixed Long-Term (Memorandum

CURRENT ASSETS General Operational Non-aidable Projects Service Enterprise Service Assets Obligations Only)

Cash and Cash Equivalents $ 4348749 $ 703979 $ 1044775 $ 5013937 $ 475424 $ 145500 $ - $ - $ - $ 11732364

Property Taxes Receivable 6190934 - - - 223452 - - - - 6414386

Accounts Receivable 1829862 1246266 393133 48897 - 474719 35732 - - 4028609

Inventory - - - - - 19353 66607 - - 85960

Prepaid Items 821698 - - - - - - - - 821698

Due From Other Funds 1933131 - 489875 - - - 42914 - - 2465920

Capital Assets Less Depreciation - - - - - 370363 5058 67996797 - 68372218

Amt to be Provided for Debt Service - - - - - - - - 31915000 31915000 Total Assets $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

LIABILITIES

Accounts Payable $ 555324 $ 333053 $ 826199 $ 2768722 $ - $ 108891 $ 8452 $ - $ - $ 4600641

Accrued Payroll 2285239 8722 514691 - - 74923 38028 - - 2921603

Due to Other Funds 532789 1594763 - - - 338368 - - - 2465920

Debt Service Payable - - - - - - - - 31915000 31915000

Total Liabilities $ 3373352 $ 1936538 $ 1340890 $ 2768722 $ - $ 522182 $ 46480 $ - $ 31915000 $ 41903164

FUND EQUITY

General Fixed Assets $ - $ - $ - $ - $ - $ - $ - $67996797 $ - $ 67996797

Retained Earnings - - - - - 487753 103831 - - 591584

Fund Balance - - - - - - - - - -

Reserve for Student Organizations - - - - - - - - - -

Reserve for Std Finl Assistance - - 27992 - - - - - - 27992

Reserve for Capital Projects - - - 2294112 - - - - - 2294112

Reserve for Debt Service - - - - 698876 - - - - 698876

Unreserved - - - - - - - - - -

Designated for Operations 11751022 13707 558901 - - - - - - 12323630

Total Fund Equity $ 11751022 $ 13707 $ 586893 $ 2294112 $ 698876 $ 487753 $ 103831 $67996797 $ - $ 83932991 Total Liability amp Fund Equity $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

24

CAPITAL PROJECTS LISTING

2019-20

Description Amount

Remodeling Campuses 3500000

Instructional Equipment used in Programs 2483641

Administrative Computer SoftwareHardware 846250

Instructional Computer SoftwareHardware 528750

Multimedia Classrooms 425000

Administrative Equipment 210000

Equipment for Physical Plant 190000

Office and Classroom Furniture 300000

$ 8483641

25

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

PROFORMA BALANCE SHEET June 30 2019

Governmental Fund Category Proprietary Fund Account Group Total

Category

Special Special

Revenue- Revenue- Capital Debt Internal Fixed Long-Term (Memorandum

CURRENT ASSETS General Operational Non-aidable Projects Service Enterprise Service Assets Obligations Only)

Cash and Cash Equivalents $ 4348749 $ 703979 $ 1044775 $ 5013937 $ 475424 $ 145500 $ - $ - $ - $ 11732364

Property Taxes Receivable 6190934 - - - 223452 - - - - 6414386

Accounts Receivable 1829862 1246266 393133 48897 - 474719 35732 - - 4028609

Inventory - - - - - 19353 66607 - - 85960

Prepaid Items 821698 - - - - - - - - 821698

Due From Other Funds 1933131 - 489875 - - - 42914 - - 2465920

Capital Assets Less Depreciation - - - - - 370363 5058 67996797 - 68372218

Amt to be Provided for Debt Service - - - - - - - - 31915000 31915000 Total Assets $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

LIABILITIES

Accounts Payable $ 555324 $ 333053 $ 826199 $ 2768722 $ - $ 108891 $ 8452 $ - $ - $ 4600641

Accrued Payroll 2285239 8722 514691 - - 74923 38028 - - 2921603

Due to Other Funds 532789 1594763 - - - 338368 - - - 2465920

Debt Service Payable - - - - - - - - 31915000 31915000

Total Liabilities $ 3373352 $ 1936538 $ 1340890 $ 2768722 $ - $ 522182 $ 46480 $ - $ 31915000 $ 41903164

FUND EQUITY

General Fixed Assets $ - $ - $ - $ - $ - $ - $ - $67996797 $ - $ 67996797

Retained Earnings - - - - - 487753 103831 - - 591584

Fund Balance - - - - - - - - - -

Reserve for Student Organizations - - - - - - - - - -

Reserve for Std Finl Assistance - - 27992 - - - - - - 27992

Reserve for Capital Projects - - - 2294112 - - - - - 2294112

Reserve for Debt Service - - - - 698876 - - - - 698876

Unreserved - - - - - - - - - -

Designated for Operations 11751022 13707 558901 - - - - - - 12323630

Total Fund Equity $ 11751022 $ 13707 $ 586893 $ 2294112 $ 698876 $ 487753 $ 103831 $67996797 $ - $ 83932991 Total Liability amp Fund Equity $ 15124374 $ 1950245 $ 1927783 $ 5062834 $ 698876 $ 1009935 $ 150311 $67996797 $ 31915000 $ 125836155

24

CAPITAL PROJECTS LISTING

2019-20

Description Amount

Remodeling Campuses 3500000

Instructional Equipment used in Programs 2483641

Administrative Computer SoftwareHardware 846250

Instructional Computer SoftwareHardware 528750

Multimedia Classrooms 425000

Administrative Equipment 210000

Equipment for Physical Plant 190000

Office and Classroom Furniture 300000

$ 8483641

25

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

CAPITAL PROJECTS LISTING

2019-20

Description Amount

Remodeling Campuses 3500000

Instructional Equipment used in Programs 2483641

Administrative Computer SoftwareHardware 846250

Instructional Computer SoftwareHardware 528750

Multimedia Classrooms 425000

Administrative Equipment 210000

Equipment for Physical Plant 190000

Office and Classroom Furniture 300000

$ 8483641

25

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (9 Years) Robert W Baird issued 31011 for $2475000 for facility

and non-facility remodeling and improvements and to acquire equipment and land Interest at 2 to 3 payable

semi-annually April and October beginning April 1 2012 Principal payments are due April 1 of each year

beginning April 1 2012 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 190000 5700 195700

Total Payments Due $190000 $5700 $195700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 061412 for $3400000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 15 to 2

payable semi-annually April and October beginning April 1 2013 Principal payments are

due April 1 of each year beginning April 1 2013 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 135000 2700 137700

Total Payments Due $135000 $2700 $137700

General Obligation Promissory Notes (8 Years) Robert W Baird issued 05913 for $2000000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR

2019-2020

2020-2021

PRINCIPAL

200000

200000

INTEREST

8000

4000

TOTAL

208000

204000

Total Payments Due $400000 $12000 $412000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 071613 for $4980000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 2 to 225

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2021

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 150000 6750 156750

2020-2021 150000 3375 153375

Total Payments Due $300000 $10125 $310125

26

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 070914 for $4425000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 1 to 3

payable semi-annually April and October beginning April 1 2014 Principal payments are

due April 1 of each year beginning April 1 2014 until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 200000 12356 212356

2020-2021 200000 8356 208356

2021-2022 205000 4356 209356

Total Payments Due $605000 $25068 $630068

General Obligation Promissory Notes (10 Years) Robert W Baird issued 080514 for $4395000 for facility

and non-facility remodeling and improvements construction of buildings and to acquire equipment Interest at

2 to 25 payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 31200 371200

2020-2021 355000 24400 379400

2021-2022 365000 17300 382300

2022-2023 200000 10000 210000

2023-2024 200000 5000 205000

Total Payments Due $1460000 $87900 $1132900

General Obligation Promissory Notes (8 Years) Robert W Baird issued 091014 for $1500000 for facility

and non-facility remodeling and improvements Interest at 005 to 205 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 195000 12205 207205

2020-2021 200000 8305 208305

2021-2022 210000 4305 214305

Total Payments Due $605000 $24815 $629815

General Obligation Promissory Notes (8 Years) Robert W Baird issued 100814 for $1500000 for facility

and non-facility remodeling and improvements and to acquire equipment Interest at 005 to 2125

payable semi-annually April and October beginning October 1 2015 Principal payments are

due April 1 of each year beginning April 1 2015 until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

100000

100000

100000

INTEREST

6125

4125

2125

TOTAL

106125

104125

102125

Total Payments Due $300000 $12375 $312375

27

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years) Robert W Baird issued 110514 for $1500000 for facility

and non-facility remodeling and improvements Interest at 1 to 2 payable semi-annually April and October

beginning October 1 2015 Principal payments are due April 1 of each year beginning April 1 2015

until maturity on April 1 2022

FISCAL YEAR

2019-2020

2020-2021

2021-2022

PRINCIPAL

180000

200000

190000

INTEREST

11400

7800

3800

TOTAL

191400

207800

193800

Total Payments Due $570000 $23000 $593000

General Obligation Promissory Notes (8 Years) Robert W Baird issued 7915 for $4000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2023

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 560000 38200 598200

2020-2021 570000 27000 597000

2021-2022 580000 15600 595600

2022-2023 200000 4000 204000

Total Payments Due $1910000 $84800 $1994800

General Obligation Promissory Notes (7 Years) Robert W Baird issued 8415 for $1500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning October 1 2015 Principal payments are due April 1 of each year beginning

April 1 2016 until maturity on April 1 2020

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 480000 9600 489600

Total Payments Due $480000 $9600 $489600

General Obligation Promissory Notes (8 Years) Robert W Baird issued 62216 for $3500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 125 to 2 payable semi-annually

April and October beginning October 1 2016 Principal payments are due April 1 of each year beginning

April 1 2019 until maturity on April 1 2024

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 610000 39450 649450

2020-2021 685000 31825 716825

2021-2022 695000 23263 718263

2022-2023 705000 14575 719575

2023-2024 200000 4000 204000

Total Payments Due $2895000 $113113 $3008113

28

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 8216 for $2500000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 075 to 1625 payable semi-annually

April and October beginning April 1 2017 Principal payments are due April 1 of each year beginning

April 1 2017 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 340000 23150 363150

2020-2021 340000 19750 359750

2021-2022 340000 15925 355925

2022-2023 350000 11675 361675

2023-2024 145000 6862 151862

2024-2025 150000 4688 154688

2025-2026 150000 2437 152437

Total Payments Due $1815000 $84487 $1899487

General Obligation Promissory Notes (8 Years) Robert W Baird issued 70617 for $5000000 for facility and

non-facility remodeling and improvements and to acquire equipment Interest at 1 to 2 payable semi-annually

April and October beginning April 1 2018 Principal payments are due April 1 of each year beginning

April 1 2018 until maturity on April 1 2025

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 835000 82663 917663

2020-2021 855000 72225 927225

2021-2022 875000 59400 934400

2022-2023 905000 41900 946900

2023-2024 925000 23800 948800

2024-2025 265000 5300 270300

Total Payments Due $4660000 $285288 $4945288

General Obligation Promissory Notes (10 Years) Robert W Baird issued 80117 for $3000000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning April 1 2018 Principal payments are due April 1 of each year

beginning April 1 2018 until maturity on April 1 2027

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

350000

355000

365000

375000

385000

335000

150000

150000

INTEREST

50888

43888

36788

29487

21987

14287

6750

3375

TOTAL

400888

398888

401788

404487

406987

349287

156750

153375

Total Payments Due $2465000 $207450 $2672450

29

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued 61418 for $6400000 for facility and

non-facility remodeling and improvements new facilities and to acquire equipment Interest at an estimate of 2

payable semi-annually April and October beginning October 1 2018 Principal payments are due April 1 of each year

beginning April 1 2019 until maturity on April 1 2026

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 970000 133895 1103895

2020-2021 975000 132925 1107925

2021-2022 985000 131950 1116950

2022-2023 1010000 107325 1117325

2023-2024 1035000 82075 1117075

2024-2025 1075000 45850 1120850

2025-2026 235000 8225 243225

Total Payments Due $6285000 $642245 $6927245

General Obligation Promissory Notes (10 Years) Robert W Baird issued 32119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning October 1 2019 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 170000 27328 197328

2020-2021 175000 26165 201165

2021-2022 180000 26078 206078

2022-2023 185000 25988 210988

2023-2024 190000 21825 211825

2024-2025 195000 17550 212550

2025-2026 200000 13163 213163

2026-2027 205000 6662 211662

Total Payments Due $1500000 $164759 $1664759

General Obligation Promissory Notes (10 Years) Robert W Baird issued 41119 for $1500000 for facility and

non-facility remodeling and improvements Interest at an estimate of 2 payable semi-annually April and October

beginning April 1 2020 Principal payments are due April 1 of each year beginning April 1 2020 until maturity

on April 1 2027

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2019-2020 145000 27463 172463

2020-2021 175000 28175 203175

2021-2022 180000 28088 208088

2022-2023 190000 24037 214037

2023-2024 195000 19763 214763

2024-2025 200000 15375 215375

2025-2026 205000 10375 215375

2026-2027 210000 5250 215250

Total Payments Due $1500000 $158526 $1658526

30

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

bull bull

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years) Robert W Baird issued xxx19 for $3840000 to acquire

equipment Interest at an estimate of 2 payable semi-annually April and October beginning April 1 2020

Principal payments are due April 1 of each year beginning April 1 2020 until maturity on April 1 2026

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

PRINCIPAL

10000

465000

635000

650000

670000

695000

715000

INTEREST

138410

107925

91425

72150

52350

31875

10725

TOTAL

148410

572925

726425

722150

722350

726875

725725

Total Payments Due $3840000 $504860 $4344860

COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR

2019-2020

2020-2021

2021-2022

2022-2023

2023-2024

2024-2025

2025-2026

2026-2027

PRINCIPAL

6160000

6000000

5905000

4770000

3945000

2915000

1655000

565000

INTEREST

667483

550239

460403

341137

237662

134925

51675

15287

TOTAL

6827483

6550239

6365403

5111137

4182662

3049925

1706675

580287

Total Payments Due $31915000 $2458811 $34373811

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027

Combined Schedule of Long-Term Obligations

PRINCIPAL INTEREST

Existing Debt Only

31

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

DEBT LIMIT

2019-20 Budget Year

The aggregate indebtedness of the District may not exceed 5 of the equalized value of the taxable

property located in the District per s6703(1) Wis Stats For FY20 the projected computation of legal debt

margin is as follows

FY19 Equalized Valuation

Projected Change in Valuation

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ 31915000

698876

$

$

24723807042

x 1040

25712759324

x 5

1285637966

31216124

1254421842

The bonded indebtedness of the District may not exceed 2 of the equalized value of the taxable property

located in the District per s6703(9) Wis Stats For FY18 the computation of legal debt margin is

as follows

FY20 Projected Equalized Valuation

Debt Limit Percent

Debt Limit

Gross Indebtedness Applicable to Debt Limit

Less Projected Assets Available

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

$ -

-

$

$

25712759324

x 2

514255186

-

514255186

32

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

rzmiddot bull CHIFhw bull t

SUPPLEMENTAL DATA

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

Tax Levy Equalized Valuations and Mill Rates

Fund

Actual

2016-17

Change

Actual

2017-18

Change

Actual

2018-19

Change

Estimated

2019-20

Change

General

Special Revenue - Operational

Special Revenue - Nonaidable

12041626

1000000

-

12424010

1100000

50000

12977687

1100000

50000

13548196

1100000

50000

Operational Tax Levy 13041626 439 13574010 408 14127687 408 14698196 404

Debt Service 6800000 6800000 6800000 6800000

Total Tax Levy 19841626 284 20374010 268 20927687 272 21498196 273

Mill Rates

Operations

Debt Service

057695

030082

05751

02881

057142

027504

057163

026446

Total Mill Rate 087777 -097 08632 -166 084646 -194 083609 -123

Property Values

Equalized Valuation 22604603466 385 23603071573 442 24723807042 400 25712759324 400

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton Loyal Colby

Black River Falls Spencer Pittsville Abbotsford and Marshfield school districts Dunn Pepin Pierce Eau Claire

and Chippewa counties plus the portion of Mondovi Durand and Alma school districts in Buffalo County Gilmanton

School District in Buffalo and Trempealeau counties Osseo-Fairchild School District in Jackson and Trempealeau

counties Eleva-Strum School District in Trempealeau County Stanley-Boyd Thorp Owen-Withee Flambeau and

Gilman school districts in Taylor County Alma Center School District in Jackson County and River Falls and

Spring Valley school districts in St Croix County

The value of property as determined by the Wisconsin Department of Revenue This will not necessarily be

the same as the assessed value because of the different assessment rates in the 204 municipalities

making up the District

33

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

24

30

16

1

2

8

13

6

100

I I

Iii

]

]

BUDGET SUMMARY 2019-20 Resources

6

13

8

2

1

16

30

24

Debt

Federal

Institutional

Student Fees

Material Fees

Program Fees

State Aids

Property Tax

0 5 10 15 20 25 30 35

Resources 2019-20

by Category Budget

Local - Property Tax 21498196

State Aids 26875659

Program Fees 14111000

Material Fees 810000

Other Student Fees 1844820

Institutional 7605277

Federal 11849255

Proceeds from Debt 5340000

Total Resources 89934207

Property Tax Impact

The tax rate for the 2019-20 budget is $084 per thousand dollars of valuation including 057 for

operations and 027 for debt service The tax rate for the 2018-19 budget was $085 per $1000

of valuation

The equalized value is determined by the Wisconsin Department of Revenue using the full value of the

taxable property in a district (less tax incremental financing districts) A formula is used that

standardizes property values across all municipalities

The municipalities are billed based on a mill rate (taxes billed per $1000 of valuation) Each city town

and village bill the taxpayers based on assessed valuation Rates can vary among municipalities

within a district Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate

billed to the municipality

The projected annual tax payment by the owner to support the educational programs at

Chippewa Valley Technical College for 2018-19 will be $084 per $1000 of equalized valuation

34

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

8

9

9

8

4

1

100

~ II

61

BUDGET SUMMARY 2019-20 Expenditures by Fund

1

4

Debt 8

Capital 9

9

8

61

Internal Svc

Enterprise

Debt

Capital

Sp Rev Non-Aid

Sp Rev Operational

General

0 10 20 30 40 50 60 70

Expenditures 2019-20

by Fund Budget

General 55570924

Special Revenue 7103832

Operational

Special Revenue 8372779

Nonaidable

Capital Projects 8483641

Debt Service 6891523

Enterprise 3831938

Internal Service 1110000

Total All Funds 91364637

General Fund - used to account for all functional activities except those required to be accounted for in

another fund

Special Revenue-Operational Fund - used to account for the proceeds and related financial activity

of specific revenue sources that are legally restricted to specific purpose other than expendable

trusts or major capital projects

Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity

or as an agent for individuals private organizations other governmental units or other funds

Capital Projects Fund - used to account for financial resources and related financial activity for the

acquisition and improvement of sites and for the acquisitions construction equipping and

renovation of buildings

Debt Service Fund - used to account for the accumulation of resources for and payment of general

long-term debt principal and interest

Enterprise Fund - used to account for operations where the costs of providing goods or services to

the student body faculty and staff or the general public are financed primarily through user fees

35

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

48

1

16

14

17

5

1010

bull

-

BUDGET SUMMARY 2019-20 Expenditures by Function

5

17

14

16

2

47

Auxiliary Svcs

Physical Plant

General Institutional

Student Svcs

Instructional Res

Instruction

Expenditures 2019-20

by Function Budget

Instruction 42810696

Instructional 1188766

Resources

Student Services 14291844

General Institutional 12415801

Physical Plant 15715592

Auxiliary Services 4941938

0 10 20 30 40 50 Total All Functions 91364637

Instruction - This function includes teaching academic administration including clerical support and

other activities related directly to the teaching of students guiding the students in the educational

program and coordination and improvement of teaching

Instructional Resources - This function includes all learning resource activities such as the library and

audio-visual aids center learning resource center instructional media center instructional resources

administration and clerical support

Student Services - This function includes those non-instructional services provided for the student body

such as student recruitment student services administration and clerical support admissions

registration counseling including testing and evaluation health services financial aids placement

and follow up

General Institutional - This function also includes all services benefiting the entire college exclusive

of those chargeable directly to other functional categories Examples of this type of expenditure are

legal fees external audit fees general liability insurance interest on operational borrowing and

public information General personnel employment relations and affirmative action programs are

included in this function

Physical Plant - This function includes all services required for the operation and maintenance of the

physical facilities Principal and interest on long-term obligations are included under this function as

are the general utilities such as heat light and power

Auxiliary Services - This function includes commercial-type activities Examples are bookstore

cafeteria and vending machines

36

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

~

TOTAL 2017-18 ACTUAL COSTS

PER FTE BY DISTRICT

13664

13732

14900

14981

15327

15969

16472

16527

16568

16662

16986

17131

17361

17455

19040

21381

26272

Northcentral

Northeast

Southwest

Chippewa Valley

Western

Blackhawk

Mid-State

Gateway

Statewide

Milwaukee

Fox Valley

Lakeshore

Moraine Park

Madison

Waukesha

Indianhead

Nicolet

State Avg

CVTC

12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000 26000 27000

Source WTCS Cost Allocation Schedule A-5 Total 2017-18 Actual Costs per FTE by District

37

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

Chippewa Valley Technical College FTEs

Fis

ca

l Y

ea

r

4600

4500

4400

4300

4200

4100

4000

3900

3800

3700

3600

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY20 (Proj)

4272

4135

3950

4099

4287

4419

4510

FTEs

38

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

Chippewa Valley Technical College Unduplicated Headcount

Fis

ca

l Y

ea

r

20000

18000

16000

14000

12000

10000

8000

6000

4000

2000

0

15605 15093

16329 16379

18083 18358 18761

FY14 FY15 FY16 FY17 FY18 FY19 (Est) FY19 (Proj)

Headcount

39

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

CREDIT PROGRAM OFFERINGS 2019-2020

Associate Degree Programs (39)

Accounting Industrial Mechanical Technician Agronomy Management Information Technology-Network Specialist Air Conditioning Heating amp Refrigeration Technology Information Technology-Software Developer Alcohol and Other Drug Abuse Landscape Plant and Turf Management Animal Science Management Liberal Arts ndash Associate of Science Architectural Structural Design Library amp Information Services Automation Engineering Technology Manufacturing Engineering Technologist Business Management Marketing Criminal Justice Mechanical Design Culinary Management Medical Laboratory Technician Dental Hygienist Nursing Diagnostic Medical Sonography Paralegal Digital Marketing Paramedic Technician Early Childhood Education Physical Therapist Assistant Executive Assistant Radiography Fire Medic Respiratory Therapy Foundations of Teacher Education Supply Chain Management Health Information Management amp Technology Technical Studies ndash Journey worker Health Navigator Human Resources Individualized Technical Studies

Technical Diploma Programs (40)

Accounting Assistant Machine Tool Operator Bookkeeper Manufacturing Quality Air Conditioning Heating amp Refrigeration Technician Machine Tooling Technics Renewable Energy Mechanical Maintenance Automotive Collision Repair amp Refinish Technician Medical Assistant Electro Mechanical Maintenance Technician Motorcycle Marine amp Outdoor Power Products Automotive Maintenance Technician Technician Central Service Technician Nail Technician Child Care Services Nursing Assistant Cosmetology Office Assistant Criminal Justice-Law Enforcement Academy Office Receptionist Design amp Drafting Technology Paralegal Post-Baccalaureate Dental Assistant Paramedic Diesel Truck Technician Residential Construction Electrical Power Distribution Surgical Technologist Electrical Maintenance Truck Driving Emergency Medical Technician Welding Entrepreneurship Farm Business amp Production Management Farm Operation Gas Utility Construction amp Service Industrial Mechanic IT Software Development Specialist Landscape Plant amp Turf Technician

40

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

Campus Locations

Business Education Center Health Education Center

620 West Clairemont Avenue 615 West Clairemont Avenue

Eau Claire WI 54701 Eau Claire WI 54701

715-833-6200 715-833-6417

Emergency Svs Education Center Manufacturing Education Center

3623 Campus Road 2320 Alpine Road

Eau Claire WI 54701 Eau Claire WI 54703

715-855-7500 715-874-4600

Applied Technology Center Chippewa Falls Campus

2322 Alpine Road 770 Scheidler Road

Eau Claire WI 54703 Chippewa Falls WI 54729

715-833-6237 715-738-3841

41

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

Campus Locations Continued

Energy Education Campus Fire Safety Center

4000 Campus Road 3617 Campus Road

Eau Claire WI 54703 Eau Claire WI 54701

715-833-6200 715-874-4672

Diesel Education Center River Falls Campus

2710 Arbor Court 500 South Wasson Lane

Eau Claire WI 54701 River Falls WI 54022

715-833-6200 715-425-3301

Neillsville Center Menomonie Campus

11 Tiff Avenue 403 Technology Drive East

Neillsville WI 54456 Menomonie WI 54751

715-743-3965 715-232-2685

42

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

PIERCE

DUNN

bull Boyceville

bull Colfax E l k Mound bull

- ~ Menomonie

bull Arkansaw bull Durand

bull Mondovi

Holcombe bull

bull New Auburn bull Cornell

bull Bloomer

CHIPPEWA bull Cadott Thorp bull bull Owenshy

Withee

a -i Chippewa Falls bull Sta nley-Boyd

- ~ Eau C laire bull Altoona

EAU CLAIRE bull Fa ll Creek

bull Augusta

CLARK

G reenwood bull

- ~ Nei llsville

JACKSON

Chippewa Valley Technical College Eau Claire Chippewa Falls Menomonie Neillsville River Falls

43

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

BUFFALO COUNTY

T ALMA $ 43315700 0175198 $ 3666496

T BELVIDERE 11406037 0046134 965474

T CANTON 31349600 0126799 2653615

T DOVER 36889300 0149206 3122528

T GILMANTON 43492800 0175915 3681487

T LINCOLN 31326533 0126706 2651662

T MAXVILLE 39932900 0161516 3380156

T MODENA 35273400 0142670 2985748

T MONDOVI 41887100 0169420 3545571

T MONTANA 1929923 0007806 163360

T NAPLES 55659400 0225125 4711340

T NELSON 75544000 0305552 6394489

T WAUMANDEE 777270 0003144 65793

V NELSON 19521200 0078957 1652389

C ALMA 52010387 0210366 4402466

C MONDOVI 142613400 0576826 12071638

COUNTY TOTAL $ 662928950 2681338 $ 56114212

CHIPPEWA COUNTY

T ANSON $ 248847500 1006510 $ 21063919

T ARTHUR 63134400 0255359 5344068

T AUBURN 62049400 0250970 5252227

T BIRCH CREEK 106209700 0429585 8990215

T BLOOMER 93622400 0378673 7924752

T CLEVELAND 79427800 0321260 6723237

T COLBURN 88438100 0357704 7485922

T COOKS VALLEY 67050700 0271199 5675566

T DELMAR 58824600 0237927 4979261

T EAGLE POINT 372451400 1506448 31526481

T EDSON 71853200 0290624 6082078

T ESTELLA 40599900 0164214 3436615

T GOETZ 57018200 0230621 4826356

T HALLIE 15018200 0060744 1271229

T HOWARD 70647900 0285748 5980055

T LAFAYETTE 650077500 2629358 55026390

T LAKE HOLCOMBE 166369700 0672913 14082512

T RUBY 35503400 0143600 3005217

T SAMPSON 209346700 0846741 17720338

44

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T SIGEL 83449700 0337528 7063674

T TILDEN 134975000 0545931 11425079

T WHEATON 282079200 1140921 23876846

T WOODMOHR 86747000 0350864 7342777

V BOYD 24890100 0100673 2106845

V CADOTT 81650800 0330252 6911405

V LAKE HALLIE 534663500 2162545 45257069

V NEW AUBURN 19558900 0079110 1655581

C BLOOMER 239556400 0968930 20277465

C CHIPPEWA FALLS 835809100 3380584 70747807

C CORNELL 67435800 0272757 5708163

C EAU CLAIRE 208442700 0843085 17643818

C STANLEY 95704400 0387094 8100984

COUNTY TOTAL $ 5251453300 21240472 $ 444513951

CLARK COUNTY

T BEAVER $ 5632567 0022782 $ 476774

T BUTLER 11176000 0045203 946002

T DEWHURST 90642278 0366619 7672496

T EATON 58450088 0236412 4947560

T FOSTER 26617900 0107661 2253096

T GRANT 24478693 0099009 2072021

T GREEN GROVE 27961070 0113094 2366790

T HENDREN 36161300 0146261 3060905

T HEWETT 30157500 0121978 2552708

T HIXON 47247300 0191100 3999290

T HOARD 36809095 0148881 3115739

T LEVIS 43718700 0176828 3700608

T LONGWOOD 48467100 0196034 4102541

T LOYAL 2215854 0008962 187563

T MAYVILLE 1866906 0007551 158026

T MEAD 42631000 0172429 3608539

T MENTOR 53817500 0217675 4555430

T PINE VALLEY 98462700 0398251 8334463

T RESEBERG 44421000 0179669 3760055

T SEIF 19948900 0080687 1688592

T SHERWOOD 1654812 0006693 140073

T THORP 54484800 0220374 4611914

T WARNER 34182024 0138256 2893368

T WASHBURN 25374002 0102630 2147805

T WESTON 45963688 0185909 3890637

T WITHEE 52802500 0213569 4469515

T WORDEN 51832900 0209648 4387442

T YORK 11440782 0046274 968415

V WITHEE 18470200 0074706 1563427

C GREENWOOD 39962400 0161635 3382653

45

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

C NEILLSVILLE 122943900 0497269 10406696

C OWEN 36075800 0145915 3053668

C STANLEY 3901600 0015781 330254

C THORP 75829000 0306704 6418613

COUNTY TOTAL $ 1325801859 5362450 $ 112223678

DUNN COUNTY

T COLFAX $ 85377300 0345324 $ 7226838

T DUNN 101766600 0411614 8614125

T EAU GALLE 79568900 0321831 6735181

T ELK MOUND 133553500 0540182 11304755

T GRANT 40838500 0165179 3456811

T HAY RIVER 61395400 0248325 5196868

T LUCAS 57959200 0234427 4906008

T MENOMONIE 242035900 0978959 20487345

T NEW HAVEN 45172400 0182708 3823658

T OTTER CREEK 40871400 0165312 3459596

T PERU 17160300 0069408 1452549

T RED CEDAR 202767400 0820130 17163427

T ROCK CREEK 70213100 0283990 5943250

T SAND CREEK 42262100 0170937 3577313

T SHERIDAN 41642500 0168431 3524867

T SHERMAN 74062600 0299560 6269095

T SPRING BROOK 139949700 0566052 11846167

T STANTON 59005100 0238657 4994539

T TAINTER 227731100 0921100 19276502

T TIFFANY 42757000 0172939 3619204

T WESTON 49346600 0199591 4176987

T WILSON 39835100 0161120 3371878

V BOYCEVILLE 44940000 0181768 3803986

V COLFAX 47885000 0193680 4053269

V DOWNING 10062600 0040700 851758

V ELK MOUND 35054100 0141783 2967186

V KNAPP 19196100 0077642 1624871

V RIDGELAND 13140600 0053150 1112298

V WHEELER 9416100 0038085 797034

C MENOMONIE 998524500 4038717 84520997

COUNTY TOTAL $ 3073490700 12431300 $ 260158362

EAU CLAIRE COUNTY

T BRIDGE CREEK $ 148360600 0600072 $ 12558115

T BRUNSWICK 175142500 0708396 14825093

T CLEAR CREEK 61350800 0248145 5193093

T DRAMMEN 71039700 0287333 6013219

T FAIRCHILD 30813500 0124631 2608236

T LINCOLN 100002100 0404477 8464767

46

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T LUDINGTON 94893000 0383812 8032303

T OTTER CREEK 34723400 0140445 2939193

T PLEASANT VALLEY 379478900 1534872 32121330

T SEYMOUR 311817200 1261202 26394045

T UNION 458317500 1853750 38794694

T WASHINGTON 743208900 3006046 62909580

T WILSON 34753000 0140565 2941699

V FAIRCHILD 13517100 0054672 1144167

V FALL CREEK 72736900 0294198 6156880

C ALTOONA 457504000 1850459 38725834

C AUGUSTA 74057000 0299537 6268621

C EAU CLAIRE 5111170500 20673072 432639584

COUNTY TOTAL $ 8372886600 33865685 $ 708730453

JACKSON COUNTY

T ALMA $ 86162851 0348502 $ 7293331

T CLEVELAND 45462800 0183883 3848239

T GARDEN VALLEY 36114071 0146070 3056908

T GARFIELD 54227800 0219334 4590160

T HIXTON 10336395 0041807 874933

T NORTHFIELD 5281338 0021361 447044

V ALMA CENTER 18988000 0076800 1607256

V MERRILLAN 21714200 0087827 1838018

COUNTY TOTAL $ 278287455 1125585 $ 23555889

PEPIN COUNTY

T ALBANY $ 55266400 0223535 $ 4678074

T DURAND 50790500 0205432 4299207

T FRANKFORT 29376300 0118818 2486583

T LIMA 61012600 0246777 5164466

T PEPIN 101385400 0410072 8581858

T STOCKHOLM 41056700 0166061 3475281

T WATERVILLE 60470700 0244585 5118596

T WAUBEEK 40187500 0162546 3401707

V PEPIN 64954300 0262720 5498115

V STOCKHOLM 20811800 0084177 1761633

C DURAND 94274900 0381312 7979983

COUNTY TOTAL $ 619587100 2506034 $ 52445503

PIERCE COUNTY

T CLIFTON $ 319672000 1292972 $ 27058922

T DIAMOND BLUFF 49292500 0199373 4172408

T ELLSWORTH 102997100 0416591 8718281

T EL PASO 71018000 0287245 6011382

T GILMAN 88903900 0359588 7525350

T HARTLAND 76213500 0308260 6451160

47

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

FULL PERCENT TAX

MUNICIPALITY VALUATIONS OF TOTAL LEVY

T ISABELLE 32499600 0131451 2750958

T MAIDEN ROCK 68607700 0277497 5807360

T MARTELL 96529300 0390431 8170809

T OAK GROVE 286367200 1158265 24239807

T RIVER FALLS 255512200 1033466 21628058

T ROCK ELM 39772400 0160867 3366570

T SALEM 49594100 0200592 4197937

T SPRING LAKE 47097200 0190493 3986585

T TRENTON 209113100 0845797 17700565

T TRIMBELLE 146714500 0593414 12418780

T UNION 51118600 0206759 4326979

V BAY CITY 18384000 0074357 1556130

V ELLSWORTH 192644600 0779187 16306574

V ELMWOOD 36450100 0147429 3085351

V MAIDEN ROCK 22844800 0092400 1933718

V PLUM CITY 28638200 0115832 2424106

V SPRING VALLEY 64117300 0259334 5427266

C PRESCOTT 304781200 1232744 25798477

C RIVER FALLS 653037900 2641332 55276976

COUNTY TOTAL $ 3311921000 13395676 $ 280340509

ST CROIX COUNTY

T CADY $ 60108893 0243122 $ 5087971

T EAU GALLE 17867003 0072266 1512368

T KINNICKINNIC 202302193 0818249 17124050

T PLEASANT VALLEY 12988465 0052534 1099420

T RUSH RIVER 264227 0001069 22366

T SPRINGFIELD 5874745 0023761 497273

T TROY 474398163 1918791 40155856

V SPRING VALLEY 1361700 0005508 115262

V WILSON 10081631 0040777 853369

C RIVER FALLS 333902600 1350531 28263483

COUNTY TOTAL $ 1119149620 4526607 $ 94731418

TAYLOR COUNTY

T AURORA $ 29811600 0120579 $ 2523429

T CLEVELAND 21422300 0086646 1813310

T FORD 22731100 0091940 1924094

T GROVER 29153756 0117918 2467746

T JUMP RIVER 23174400 0093733 1961618

T MAPLEHURST 26001748 0105169 2200941

T MCKINLEY 31209100 0126231 2641722

T PERSHING 18691500 0075601 1582159

T ROOSEVELT 33126400 0133986 2804014

T TAFT 32915000 0133131 2786120

V GILMAN 15361200 0062131 1300262

V LUBLIN 3594600 0014539 304268

COUNTY TOTAL $ 287192704 1161604 $ 24309683

48

CHIPPEWA VALLEY TECHNICAL COLLEGE 2019 TAX LEVY DISTRIBUTION BY MUNICIPALITY

MUNICIPALITY

FULL

VALUATIONS

PERCENT

OF TOTAL

TAX

LEVY

TREMPEAULEAU COUNTY

T ALBION

T CHIMNEY ROCK

T HALE

T SUMNER

T UNITY

V ELEVA

V STRUM

C OSSEO

COUNTY TOTAL

$ 55788300

18242914

24699340

77183400

45811100

35324900

55648800

108409000

$ 421107754

0225646

0073787

0099901

0312183

0185291

0142878

0225082

0438480

1703248

$

$

4722250

1544188

2090698

6533258

3877721

2990108

4710442

9176377

35645042

TOTALS $ 24723807042 100000000 $ 2092768700

49

• 1 Budget Cover 2019-20 (Print)
• 2 CHIPPEWA VALLEY TECHNICAL COLLEGE BOARD OF TRUSTEES
• 3 20 Internal Budget Cover
• 4-5 20BDGT Table of Contents
• 6 Insert Page Budget amp Planning
• 7 FY20 Budget Letter
• 8-9 20 SP 1-Year Abridged Strategic Plan for Board
• 10 20 SP 1-Year Abridged Strategic Plan for Board
• 11 20 Strategic Goals and Outcomes
• 12 20 Budget Book Accreditation Page
• 13 20Budget process
• 14 20 Budget assumptions
• 15 FY20 FTE
• 155 Insert page Financial
• 16-18 20 BDGT descriptions
• 17 Legal Notice Public Hearing 62719
• 18 Legal Notice Public Hearing 62719
• 19 FY20 General Fund
• 20 FY20 Sp Rev Ops Fund
• 21 FY20 Sp Rev Non Aid Fund
• 22 FY20 Capital Projects Fund
• 23 FY20 Debt Service Fund
• 24 FY20 Enterprise Fund
• 25 FY20 Internal Service Fund
• 26 FY20 Exp by Object level
• 27 FY20 Combined Budget Summary
• 28 FY20 Bal Sheet
• 29 FY20 Capital Projects Listing
• 30 FY20 LTD Detail Fund
• 31 FY20 LTD Detail Fund
• 32 FY20 LTD Detail Fund
• 33 FY20 LTD Detail Fund
• 34 FY20 LTD Detail Fund
• 35 FY20 LTD Detail Fund
• 36 FY20 Debt Limit
• 37 Insert supplemental
• 38 20 tax levy ev and mill rates
• 39 20 Budget Charts
• 40 20 Budget Charts
• 41 20 Budget Charts
• 42 20 Budget Charts
• 43 20 Budget Charts
• 44 20 Budget Charts
• 45 20 CREDIT PROGRAM OFFERINGS
• 46 20 BDGT Campus Locations
• 47 20 BDGT Campus Locations2
• 48 20 BDGT District Map
• 49 Levy 2019
• 50 Levy 2019
• 51 Levy 2019
• 52 Levy 2019
• 53 Levy 2019
• 54 Levy 2019