Other Financial Information


Traditional Finances Summary For 2019

Traditional Finance Summary for the most recent fiscal year that ended on 8/31/2019
Financial Statistic Year 2018-2019 Per Student*
Total Expenditures $60,830,410 $3,727
Total Revenues $55,463,729 $3,399
Total Revenues from Property Taxes $4,075,265 $250
Full Time Equivalency – All Personnel 569
Full Time Equivalency – Students** 7,078  

*Per Student calculations based on 16,320 unduplicated students for 2018-2019 credit enrollment.

**FTE Students is based on Fall 2018 credit enrollment.

Historical Tax Rates per $100 Valuation

Historical Tax Rates per $100 Valuation
Tax Rate 2016 2017 2018 2019 2020
Maintenance/Operations 0.0811 0.0881 0.0870 0.0808 0.0757
Interest/Sinking (Debt) 0.0402 0.0338 0.0342 0.0294 0.0256
Combined Tax Rate 0.1213 0.1219 0.1212 0.1102 0.1013

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 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019
Revenue per FTE Student $3,343 $3,550 $3,687 $3,418 $3,399
Expenditures per FTE Student $3,213 $3,504 $3,687 $3,383 $3,727
Total Revenues $50,458,951 $49,541,724 $51,106,882 $55,363,627 $55,463,729
Total Operating Expenses $48,510,695 $48,894,740 $51,105,964 $54,795,727 $60,830,410
Unduplicated Students
(12 months)
15,096 13,955 13,861 16,196 16,320
Per Student Revenue $3,342.537825 $3,550.105625 $3,687.099199 $3,418.3519 $3,398.51
Per Student Expenditure $3,213.480061 $3,503.743461 $3,687.03297 $3,383.2877 $3,727.35
FTE 6,461 6,946 7,078
5-Year Trend of Tax Rate
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 2020
Maintenance/Operations 0.0712 0.0811 0.0881 0.0870 0.0808 0.07570
Interest/Sinking (Debt) 0.0383 0.0402 0.0338 0.0342 0.0294 0.02560
Combined Tax Rate 0.1095 0.1213 0.1219 0.1212 0.1102 0.1013
Revenue, Source of Funds
Table Comparison of Revenue 2018-2019 to 2017-2018 (in dollars) add
Table Comparison of Revenue 2018-2019 to 2019-2020 in dollars
Source of Funds 2018-2019 2019-2020 Difference 2018-2019
% of Total
2019-2020
% of Total
% Increase
or Decrease
State Funds $13,749,037 $14,960,532 $1,211,495 21.58% 22.16% 8.81%
Federal Funds $13,281,392 $11,250,000 $(2,031,392) 20.85% 16.67% -15.30%
Tuition & Fees $29,717,000 $33,975,000 $4,258,000 46.65% 50.33% 14.33%
M&O, I &S Taxes $3,876,450 $4,115,000 $238,550 6.09% 6.10% 6.15%
Maintenance Tax District $406,000 $420,000 $14,000 0.64% 0.62% 3.45%
Other $1,697,591 $1,955,000 $257,409 2.66% 2.90% 8.90%
Auxiliary $975,030 $830,000 $(145,030) 1.53% 1.23% -14.87%
Grand Total $63,702,500 $67,5050,532 $3,803,032 100% 100% 5.97%
Expenditures, Use of Funds
Table Comparison of Expenditures 2018-2019 to 2017-2018 (in dollars) add
Table Comparison of Expenditures 2018-2019 to 2019-2020 in dollars
Use of Funds 2018-2019 2019-2020 Difference 2018-2019
% of Total
2019-2020
% of Total
% Increase
or Decrease
Instruction $20,363,180  $21,735,407 $1,372,227 31.97% 32.20% 6.74%
Student Services $3,159,208  $3,289,992 $130,784 4.96% 4.87% 4.14%
Pass-Through
Financial Aid
$14,677,775  $12,958,503 $(1,719,272) 23.04% 19.20% -11.71%
General Administration $8,299,142  $10,081,607 $1,782,465 13.03% 14.94% 21.48%
Maintenance & Operations $5,723,673  $6,802,453 $1,078,780 8.99% 10.08% 18.85%
Staff Benefits $6,100,948 $6,445,397 $344,449 9.58% 9.55% 5.65%
Auxiliary $1,855,526 $2,358,832 $503,306 2.91% 3.49% 27.12%
Debt Service $1,973,143 $1,968,095 $(4,953) 3.25% 2.92% -0.25%
Depreciation $1,300,000 $1,860,000 $310,000 2.14% 2.76% 20%
Grand Total $60,657,750 $$67,500,286 $3,797,786 100% 100% 5.96%

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

Jon Grime
jgrime@nctc.edu

Jerry Henderson
jdonhenderson@nctc.edu

Erica Sullivan
esullivan@nctc.edu

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