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
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

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

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

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%

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%

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

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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