Other Financial Information


Traditional Finances Summary For 2018

Traditional Finance Summary for the most recent fiscal year that ended on 8/31/2018.

Traditional Finance Summary for the most recent fiscal year that ended on 8/31/2018
Financial Statistic Year 2017-2018 Per Student*
Total Expenditures $54,795,727 $3,383
Total Revenues $55,363,627 $3,418
Total Revenues from Property Taxes $4,083,322 $252
Full Time Equivalency – All Personnel $607
Full Time Equivalency – Students** 6,946  

*Per Student calculations based on 16,196 unduplicated students for 2017-2018 credit enrollment.

**FTE Students is based on Fall 2017 credit enrollment.

Historical Tax Rates per $100 Valuation

Historical Tax Rates per $100 Valuation
Tax Rate 2015 2016 2017 2018 2019
Maintenance/Operations 0.0712 0.0811 0.0881 0.0870 0.0808
Interest/Sinking (Debt) 0.0383 0.0402 0.0338 0.0342 0.0294
Combined Tax Rate 0.1095 0.1213 0.1219 0.1212 0.1102

Trends

 5-Year Trend Revenue Expenditures per Student
Table Comparison of 5-Year Trend of Revenues/Expenditures Per Student add
Table Comparison of 5-Year Trend of Revenues/Expenditures Per Student
 Revenues/Expenditures 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018
Revenue per FTE Student $3,065 $3,343 $3,550 $3,687 $3,418
Expenditures per FTE Student $2,960 $3,213 $3,504 $3,687 $3,383
Total Revenues $48,119,924 $50,458,951 $49,541,724 $51,106,882 $55,363,627
Total Operating Expenses $46,472,528 $48,510,695 $48,894,740 $51,105,964 $54,795,727
Unduplicated Students
(12 months)
15,699 15,096 13,955 13,861 16,196
Per Student Revenue $3,065.158545 $3,342.537825 $3,550.105625 $3,687.099199 $3,418.3519
Per Student Expenditure $2,960.22218 $3,213.480061 $3,503.743461 $3,687.03297 $3,383.2877
tax-rate-trend.jpg
Table Comparison for 5-Year Trend of Tax Rates per $100 Valuation add
Table Comparison for 5-Year Trend of Tax Rates per $100 Valuation
Tax Rate 2015 2016 2017 2018 2019
Maintenance/Operations 0.0712 0.0811 0.0881 0.0870 0.0808
Interest/Sinking (Debt) 0.0383 0.0402 0.0338 0.0342 0.0294
Combined Tax Rate 0.1095 0.1213 0.1219 0.1212 0.1102
Revenue, Source of Funds
Table Comparison of Revenue 2018-2019 to 2017-2018 (in dollars) add
Table Comparison of Revenue 2018-2019 to 2017-2018 in dollars
Source of Funds 2017-2018 2018-2019 Difference 2017-2018
% of Total
2018-2019
% of Total
% Increase
or Decrease
State Funds $13,680,858 $13,749,037 $68,179 22.55% 21.58% 0.50%
Federal Funds $13,281,392 $13,281,392 $0 21.90% 20.85% 0.00%
Tuition & Fees $26,980,000 $29,717,000 $2,737,000 44.48% 46.65% 10.14%
M&O, I &S Taxes $3,747,000 $3,876,450 $129,450 6.18% 6.09% 3.45%
Maintenance Tax District $406,000 $406,000 $0 0.67% 0.64% 0.00%
Other $1,427,500 $1,697,591 $270,091 2.35% 2.66% 7.72%
Auxiliary $1,135,000 $975,030 $(159,970) 1.87% 1.53% -14.09%
Grand Total $60,657,750 $63,702,500 $3,044,750 100% 100% 5.02%
Expenditures, Use of Funds
Table Comparison of Expenditures 2018-2019 to 2017-2018 (in dollars) add
Table Comparison of Expenditures 2017-2018 to 2016-2017 in dollars
Use of Funds 2017-2018 2018-2019 Difference 2017-2018
% of Total
2018-2019
% of Total
% Increase
or Decrease
Instruction $19,707,577 $20,363,180  $655,603 32.49% 31.97% 3.33%
Student Services $3,051,160 $3,159,208  $129,443 5.03% 4.96% 4.27%
Pass-Through
Financial Aid
$14,608,855 $14,677,775  $68,920 24.08% 23.04% 0.47%
General Administration $7,356,560 $8,299,142  $918,187 12.13% 13.03% 12.44%
Maintenance & Operations $5,173,644 $5,723,673  $553,029 8.53% 8.99% 10.70%
Staff Benefits $5,898,962 $6,100,948 $201,986 9.72% 9.58% 3.42%
Auxiliary $1,587,849 $1,855,526 $267,677 2.26% 2.91% 16.86%
Debt Service $1,973,143 $1,973,048 ($95) 3.25% 3.10% 0.00%
Depreciation $1,300,000 $1,550,000  $250,000 2.14% 2.43% 19.23%
Grand Total $60,657,750 $$63,702,500  $3,044,750 100% 100% 5.02%
Ten Year Comparison of Revenue Sources
Table of Ten Year Comparison of Revenue Resources (in %) add
Table of Ten Year Comparison of Revenue Resources in percent
Fiscal Year State Funds Auxiliary Local Taxes Federal Funds Other Tuition & Fees
2009-2010 35.13% 10.79% 5.15% 12.98% 1.65% 34.3%
2010-2011 26.12% 9.2% 4.15% 26.53% 1.98% 32.02%
2011-2012 24.64% 2.47% 4.56% 27.15% 1.65% 39.53%
2012-2013 25.69% 2.32% 4.47% 26.27% 1.52% 39.73%
2013-2014 26.71% 2.25% 4.11% 27.88% 1.41% 37.64%
2014-2015 25.45% 2.09% 6.22% 26.11% 1.63% 38.5%
2015-2016 23.56% 2.1% 6.17% 23.88% 1.69% 42.6%
2016-2017 23.51% 2.03% 6.47% 23.9% 1.98% 42.11%
2017-2018 22.55% 1.87% 6.18% 21.9% 3.02% 44.48%
2018-2019 21.58% 1.53% 6.09% 20.85% 3.3% 46.65%

Downloadable Data

General Contact Information

NCTC Financial Services
1525 W. California Street
Gainesville, TX 76240
(940) 668-7731
Fax: (940) 668-3320

Contact Information for NCTC Board of Regents

Karla Metzler, Chair
kmetzler@nctc.edu

Dick Haayen, Vice-Chair
dhaayen@nctc.edu

Christy Morris, Secretary
cmorris@nctc.edu

Matt Chalmers
mchalmers@nctc.edu

Jon Grime
jgrime@nctc.edu

Jerry Henderson
jdonhenderson@nctc.edu

Erica Sullivan
esullivan@nctc.edu

 
 

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