Budget - Wisconsin Indianhead Technical College · 2011/12 combined budget summary 31 2011/12 budgetary statements of resources, uses, and changes in fund balance General fund 32

Budget2011-2012

W I S C O N S I N I N D I A N H E A D T E C H N I C A L C O L L E G E

Wisconsin Indianhead Technical College DistrictFiscal Year 2012 Budget

Members of the Board

James Beistle ChairpersonHal Helwig Vice ChairpersonLorraine Laberee SecretaryJames Schultz TreasurerMorrie Veilleux MemberJean Serum MemberDan Olson MemberDave Minor MemberSusan Wojkiewicz Member

Officials Issuing Document

Dr. Robert Meyer PresidentSteve Decker CPA, CMA Associate Vice President of Finance and Business Services

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TABLE OF CONTENTS

Description PagePresenters of the budget 1Table of contents 3A reader's guide to the budget document 4Quick reference guide 6Transmittal letter 7Notice of Public Hearing Document 8District profile 10Wisconsin and WITC map 12District population map 13Board membership 14Fiscal impact summary 15Impact on taxpayer 16Policies 17Strategic plan 20Budget process 23Financial structure 24Accounting structure 26Pro-forma balance sheets 292011/12 combining budget summary 302011/12 combined budget summary 312011/12 budgetary statements of resources, uses, and changes in fund balance

General fund 32Special revenue fund - Operational 33Special revenue fund - Non-aidable 34Capital projects fund 35Debt service fund 36Internal service fund 37Enterprise fund 38

Revenues analysis 40Description of expenditure functions 48Supplemental information (summary of additional schedules) 49Budget expenditures by object level - All funds 51Special revenue - Operational fund summary 53Equipment/software listing 54Facility/site development project listing 55Schedule of long-term indebtedness 56Combined schedule of long-term indebtedness 60Debt service resource needs - October 2011 payments 61Debt service resource needs - October 2012 payments 62Debt limitation schedule 63Position summary - FTE basis 64Board approved positions by administrative unit 65WITC programs and certificates listing 66Headcount unduplicated 68Full Time Equivalent Students 69

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A READER'S GUIDE TO THE BUDGET DOCUMENT

IntroductionThe budget document contains a wealth of information about many aspects of Wisconsin IndianheadTechnical College District (WITC or college) operations. To make this document easier to use and read,the Reader's Guide and the Quick Reference Guide have been developed.

What is a budget?The budget reflects WITC's financial planning efforts and provides legal authority to obligate publicfunds. Additionally, the budget informs the reader of significant policy direction and goals establishedby the college. The budget serves four major functions:

Policy document: The budget functions as a policy document in that the decisions made within

the budget will reflect the general principles or plans that guide the actions taken for the future.

As a policy document, the budget makes specific attempts to link desired goals and policy

direction from the strategic plan to the day‐to‐day activities of the college.

Operations guide: The budget reflects the college's operation. Activities have been planned,

formalized, and are summarized in this document. Supplemental information addresses areas

that may not be traditional budget document topics (e.g., staffing levels, student data, and

program information).

A link to the general public: The budget provides a unique opportunity to allow and encourage

public review of the college's operations.

A legally required financial planning tool: The budget is a financial planning tool and its

preparation is a statutory requirement for the college. A balanced budget must be adopted prior

to July 1 of each year. The budget is the legal authority to expend public monies and controls

those expenditures by limiting the amount of the appropriations at the fund and function level.

The revenues of the college are estimated along with available fund balance to indicate funds

available for use. Requests for funds to finance operations and related activities represent the

expenditure side of the budget.

Why prepare a budget?The budget process affords both an interesting and challenging opportunity to review plans and overallgoals and objectives. It is through this effort that the budget becomes an important policy documenteach year. In addition, the budget document communicates important information about the resourcesavailable to WITC and how the college will utilize resources. Much effort is expended to ensure thebudget plan and strategic plan are aligned in order to achieve the overall goals and objectives of thecollege.

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The budget, as adopted, constitutes the legal authority for expenditures. The college's budget isadopted at the fund and function level so expenditures may not legally exceed appropriations at thislevel without board approval. During the year administration may request budget modifications of theboard to reallocate funds between functions within a fund. If new revenue sources become availableduring the year, administration will request the board to modify the budget. All unused appropriationslapse at year-end. Unexpended resources must be reappropriated in a subsequent year in order forthem to be available for use.

How does the budget work?The planning process in many respects is an ongoing, year-round activity. The strategic planning processcreates guidelines for budget planning. Formal budget planning begins in November and ends when theBoard adopts the budget in June.

The President is accountable to the board for administration of the college's budget and operation. Tofacilitate implementation of the budget and related plans, five Divisions have been organized and areaccountable to the President. They are as follows:

Division Vice Presid ent / *Asso ciate Vice President

Academic Affairs Dr. Diane Vertin

Administrative Serv ices Steve Decker*, C her Vink*, Ellen Riely Hauser*

C ont inuing Educ ation C raig Fowler

Instruct ion al Techn ology Jo seph H uftel

Stu dent Affai rs Steven B itzer

The Divisional Vice Presidents, Associate Vice Presidents and the Administrative Assistant to thePresident comprise the President's Cabinet. Administrative decisions regarding significant budget orpolicy revisions are reviewed by President's Cabinet and are approved or, when appropriate, forwardedto the Board with a recommendation.

The budget is managed and monitored through a series of reports that are organized by Division. Amonthly budget status summary is provided for the Board's review.

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QUICK REFERENCE GUIDEThe following information should assist the reader with answering some of the more commonly asked questionsabout the Wisconsin Indianhead Technical College budget:

To answer these questions Refer to Page

How can the reader easily locate information? Table of contents 3

What are the major policy issues in the budget? Transmittal LetterPolicies

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What is the value of property in the district? 2010 equalized valuation 8

What is the population of the district? District population map 13

How will the homeowner be impacted? Impact on taxpayers 16

What is the college's mission and vision? Strategic plan 20

What is the budget development process? Budget process 23

What are the college's major revenue sources? Combining budget summaryCombined budget summaryRevenue analysis

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What are the college's major expenditures? Combining budget summaryCombined budget summary

3031

Has the tax rate changed over time? Schedule of tax levies & mill rates 40

How many employees does the college have? Position summaryBoard approved positions

6465

What programs does WITC offer? Programs and certificates 66

What is the enrollment history? Unduplicated HeadcountFull Time Equivalent Students

6869

Does WITC have a website? http://www.witc.edu

For additional information regarding this document or college operations please contact Steve DeckerCPA, CMA, Associate Vice President of Finance and Business Services at (715) 468‐2815.

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June 14, 2011 Ref No 11-73 Dear Citizen: Thank you for taking an interest in Wisconsin Indianhead Technical College, its budget, and its services. The following pages provide information about the college’s budget, but should also give you an idea how the college works. The resources we utilize provide outcomes that are important to our region and its stakeholders. Some of those outcomes are captured in our most recent graduate survey results. Ninety-one percent of our graduates were employed within six months of graduation and 72% work in the WITC district. One of the outcomes we’re most proud of is our graduates’ satisfaction level. Ninety-eight percent of graduates were satisfied or very satisfied with training provided at the College and ninety-seven percent indicate they would recommend WITC to friends and family members. While graduates receive a direct benefit from WITC services, all residents benefit from having a highly skilled workforce. For example, in 2010 the health science programs graduated nearly 900 nurses (registered nurses and nursing assistants), occupational therapist assistants, medical assistants, and massage therapists. These former students make a daily contribution to the region in the form of health services provided to its residents. In addition, the Public Safety division turned out over 200 individuals trained to serve the region as emergency medical technicians and police and correctional officers. A few other areas where skilled workers may be important to you include information technology, manufacturing, human services, construction, business/finance, and transportation. Nearly 8,000 students were enrolled in credit courses this past year at WITC. In addition to programs that lead to a degree, WITC is a major provider of continuing education services. These services are wide-ranging and include learning opportunities related to developing professional skills such as classes for real estate licensure, to classes for personal enrichment, like quilting or painting. This year over 17,000 students took advantage of non-credit offerings. WITC’s projected full-time equivalency (FTE) students for the 2011 academic year is 2,980. The 2011-12 budget includes a tax levy increase of .44% or $161,144. We are projecting an increase in the mill rate as we are estimating a property value decline of approximately 2%. The estimated tax rate is $116.83 per $100,000 of equalized value. We encourage you to visit our campuses in Ashland, New Richmond, Rice Lake and Superior, and to explore what WITC can do for you. Whether you’re looking for training for a new career or an interesting class or two, WITC can meet your needs. Sincerely, Bob Meyer Jim Beistle President Board Chair

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A public hearing on the proposed 2011-12 budget for the Wisconsin Indianhead Technical College District will be held on June 20, 2011 at 8:30 a.m. at the WITC'sShell Lake Administrative Building 505 Pine Ridge Drive, Shell Lake, WI 54871. The detailed budget is available for public inspection at the WITC Administrative Office, Shell Lake, Wisconsinby contacting Steve Decker at (715) 468-2815.

Equalized Total Percent

Fiscal Year Valuation (1) Operational (3) Debt Serv Mill Rate Inc/(Dec)

2007-08 34,103,143,128$ 0.82343 0.15573 0.97916 -0.75%

2008-09 34,884,947,582$ 0.83882 0.15612 0.99494 1.61%

2009-10 34,173,559,569$ 0.88939 0.16628 1.05567 6.10%

2010-11 32,487,261,673$ 0.96278 0.17724 1.14001 7.99%

2011-12 (2) 31,837,516,440$ 0.98243 0.18592 1.16835 2.49%

Total Percent Property Percent Tax on a

Fiscal Year (4) Expenditures Inc/(Dec) Tax Levy Inc/(Dec) $100,000 House

2007-08 62,757,232$ 3.3% 33,118,516$ 4.93% 97.92

2008-09 68,412,605$ 9.0% 34,708,198$ 4.89% 99.49

2009-10 73,830,805$ 7.9% 36,027,109$ 3.80% 105.57

2010-11 78,783,844$ 6.7% 37,035,868$ 2.80% 114.00

2011-12 79,099,064$ 0.4% 37,197,012$ 0.44% 116.83

Special Special

Revenue/ Revenue/

Operational Non-aidable Capital Projects Debt Service Proprietary

General Fund Fund Fund Fund Fund Fund Total

Tax Levy 30,424,118$ 853,811$ -$ -$ 5,919,083$ -$ 37,197,012$

Other Budgeted Revenues 13,034,109 2,801,189 8,850,000 120,000 25,000 10,425,000 35,255,298

43,458,227 3,655,000 8,850,000 120,000 5,944,083 10,425,000 72,452,310

Budgeted Expenditures 43,458,227 3,655,000 8,850,000 6,965,391 5,995,446 10,175,000 79,099,064

Excess of Revenues

Over Expenditures - - - (6,845,391) (51,363) 250,000 (6,646,754)

Operating Transfers - - - - - - -

Proceeds From Debt - - - 6,900,000 - - 6,900,000

Est. Fund Balance 7/1/11 13,989,159 669,340 255,741 45,391 5,517,746 1,331,827 21,809,204

Est. Fund Balance 6/30/12 13,989,159$ 669,340$ 255,741$ 100,000$ 5,466,383$ 1,581,827$ 22,062,450$

(1) Tid out, computers out.

(2) Equalized valuation is projected to decrease 2% in fiscal year 2012.

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

(4) Fiscal years 2008-2010 represent actual amounts, 2011 is estimated, and 2012 is the proposed budget.

BUDGET/FUND BALANCE SUMMARY - ALL FUNDS

Wisconsin Indianhead Technical CollegeNotice of Public Hearing

July 1, 2011 - June 30, 2012

Mill Rates

PROPERTY TAX AND EXPENDITURE HISTORY

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2009-10 2010-11 2010-11 2011-12Actual (1) Budget Estimate (2) Budget

REVENUES Local Government 29,604,762$ 30,523,215$ 30,485,759$ 30,449,118$ State Aids 3,039,893 3,060,200 2,885,358 2,135,616 Program Fees 8,446,351 9,031,546 8,331,916 8,839,761 Material Fees 629,565 573,000 609,265 591,000 Other Student Fees 910,259 890,117 1,028,383 1,133,424 Institutional 225,988 201,509 395,791 277,308 Federal 25,188 25,000 25,000 32,000 TOTAL REVENUE 42,882,006$ 44,304,587$ 43,761,472$ 43,458,227$

EXPENDITURES Instruction 25,801,907$ 26,721,813$ 26,721,426$ 26,347,569$ Instruction Resources 1,181,515 1,225,576 1,222,243 1,299,005 Student Services 4,418,935 4,903,222 4,715,696 4,701,969 General Institutional 7,444,178 7,976,878 7,598,972 7,781,632 Physical Plant 3,117,347 3,477,098 3,304,955 3,328,052 TOTAL EXPENDITURES 41,963,882$ 44,304,587$ 43,563,292$ 43,458,227$

Net Revenue (Expenditures) 918,124$ -$ 198,180$ -$

OTHER SOURCES (USES) Operating Transfer In (Out) - - - - TOTAL RESOURCES (USES) 918,124$ -$ 198,180$ -$

TRANSFERS TO (FROM) FUND BALANCE Reserve for Operations 918,124 - 198,180 - TOTAL TRANSFERS TO (FROM) FUND BALANCE 918,124$ -$ 198,180$ -$

Beginning Fund Balance 12,872,855$ 13,737,175$ 13,790,979$ 13,989,159$ Ending Fund Balance 13,790,979$ 13,737,175$ 13,989,159$ 13,989,159$

EXPENDITURES BY FUND % Change General Fund 41,963,882$ 44,304,587$ 43,563,292$ 43,458,227$ -1.91% Special Revenue/Operational Fund 3,647,090 4,081,000 4,004,952 3,655,000 -10.44% Special Revenue/Non-aidable Fund 7,383,074 8,150,000 8,150,000 8,850,000 8.59% Capital Projects Fund 5,871,264 7,230,895 7,146,387 6,965,391 -3.67% Debt Service Fund 5,412,109 5,718,456 5,620,337 5,995,446 4.84% Enterprise Fund 2,781,945 3,385,000 2,734,903 3,000,000 -11.37% Internal Service Fund 6,586,981 7,010,000 6,760,343 7,175,000 2.35%TOTAL EXPENDITURES BY FUND 73,646,345$ 79,879,938$ 77,980,214$ 79,099,064$ -0.98%

REVENUES BY FUND General Fund 42,882,006$ 44,304,587$ 43,761,472$ 43,458,227$ -1.91% Special Revenue/Operational Fund 3,638,595 4,081,000 4,004,952 3,655,000 -10.44% Special Revenue/Non-aidable Fund 7,330,838 8,150,000 8,150,000 8,850,000 8.59% Capital Projects Fund 56,778 120,000 35,492 120,000 0.00% Debt Service Fund 5,685,300 5,782,939 5,760,939 5,944,083 2.79% Enterprise Fund 2,670,324 3,385,000 2,649,170 3,000,000 -11.37% Internal Service Fund 5,985,984 7,010,000 6,993,061 7,425,000 5.92%TOTAL REVENUE BY FUND 68,249,825$ 72,833,526$ 71,355,086$ 72,452,310$ -0.52%

(1) Actual is presented on a budgetary basis.(2) Estimate is based upon nine months of actual and three months of estimate.

Notice of Public HearingBudget Summary - General Fund

Fiscal Year 2011-12

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DISTRICT PROFILETaxing districtThe Wisconsin Indianhead Technical College District (WITC) is the largest district in the State by area.The District encompasses all or part of Ashland, Barron, Bayfield, Burnett, Douglas, Iron, Polk, Rusk, St.Croix, Sawyer, and Washburn counties, which comprises approximately 20% of the area in the State.The District's boundaries are coterminous with those of its member school districts. The estimatedcurrent population of the District is 323,287.

The District was formed in July, 1972 by combining the eight‐county District 17 and the three‐countyDistrict 18. Wisconsin vocational, technical and adult educational districts were created under Chapter292, Wisconsin Laws of 1965. Under the 1993 Wisconsin Act 399, the name of the State Board ofVocational, Technical and Adult Education was changed to the Wisconsin Technical College SystemBoard. Accordingly, after July 21, 1994, the District which had formerly been named WisconsinIndianhead Vocational, Technical and Adult Education District, became officially known as the WisconsinIndianhead Technical College District.

Our studentsOur students range in age from 2 to 95 with the average age being 40 years old. Students have wide‐ranging socio‐economic backgrounds. Following graduation, 83% of graduates reside and work inWisconsin with 66% working within the district boundaries. Ninety‐one percent are employed within sixmonths of graduation and 75% of these graduates are employed in a career that is related to their WITCtraining. The average starting salary for a WITC graduate in 2010 was $30,198. The SupervisoryManagement program had the highest average starting salary at $50,979. Ninety‐eight percent ofgraduates indicate they are satisfied or very satisfied with their WITC experience.

The majority of WITC's students do not have plans to receive a degree and utilize WITC's services toenhance personal or professional skills. Annually more than 24,000 citizens take advantage ofeducational opportunities offered by WITC. While over 7,600 unduplicated students enrolled in creditprogramming in fiscal year 2010, nearly 17,000 unduplicated students enrolled in non‐credit offerings ofthe District during that period.

Our campusesAdministrative offices for WITC are located in the City of Shell Lake, which is centrally located within theDistrict. The District operates four campuses located in the cities of Ashland, New Richmond, Rice Lake,and Superior, two branch locations (Hayward and Ladysmith) and a Learning Center in Spooner. Inaddition, WITC offers classes at many other locations on a temporary basis. During the late 1970's, theDistrict undertook an extensive building program on the four campuses, financed by the issuance ofdebt and annual capital improvement levies. Facility improvements have been made on a regular basissince that time to meet the changing needs of vocational and technical education. The administrativebuilding consists of 26,693 square feet on a three‐acre site.

The WITC‐Ashland Campus consists of a 74,099 square‐foot building on a 30‐acre site. The originalbuilding was constructed in the late 1960's and has had several additions since. The Marine Lab additionwas constructed in 1995. A 5,123 square‐foot Technology Center was added in 2000.

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The WITC‐New Richmond Campus was completed in 1976 and currently consists of a 125,875 square‐foot facility, situated on a 38‐acre site. It is located in St. Croix County, the most heavily populatedportion of the District. In 1987, the District constructed a 10,700 square‐foot addition to this campus.New Richmond's capital campaign contributed $470,000 in private donations to the project. Additionswere also completed in 1993 and 1995. In 1995, an 8,639 square‐foot addition to the technical andindustrial wing was constructed, partially paid from a $200,000 capital campaign. A 5,611 square‐footTechnology Center was added in 2001 and a 5,072 square‐foot Administration and Continuing Educationaddition was completed in 2002. The most recent addition to the campus was a 7,500 square foot Tradeand Technical Wing addition that was completed in 2010.

The WITC‐Rice Lake Campus is located adjacent to the University of Wisconsin ‐ Barron County Centerand consists of two buildings totaling 145,170 square feet. Approximately 15,371 square feet ofadditional space was added in 1990 to the original 1976 structures. This included 8,604 square feet for atelevision studio, lab and storage space that links two campus halls and 6,767 square feet of remodeledspace for faculty and supervisor relocation. A conference center was added In 1992 which totaled 8,104square feet. Rice Lake's capital campaign contributed $191,000 in private donations to the project. In1997, a masonry lab and cold storage totaling 4,776 square feet were added. In 2003, aTelecommunication Center was added totaling 16,870 square feet. In 2009, the college entered into athree year lease with Marshfield Clinic to utilize 7,652 square feet of space to meet health programmingneeds in Rice Lake. A 9,702 square foot Allied Health Wing addition is currently in progress with the goalto relocate students back to campus from the leased space from Marshfield Clinic.

The WITC‐Superior Campus, with 121,179 square feet of facilities, is located adjacent to the campus ofthe University of Wisconsin ‐ Superior. The original three‐story, 99,339 square‐foot building wasconstructed in 1978. A 3,500 square‐foot Energy Lab was constructed in 1980. A 9,896 square‐footconference center and second story infill were added in 1992. In 1998, a 2,610 square‐foot cold storageaddition was added and in 2006, a 6,633 square‐foot Flexible Trade and Technology Lab was added.

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Region 2 Ashland, Bayfield & Iron Counties

BAYFIELD

ASHLAND IRON *

DOUGLAS

Region 1 Douglas County

WASHBURN

BURNETT

SAWYER

Region 3 Sawyer, Rusk &

Washburn Counties

RUSK

BARRON

Region 5 Barron County

POLK

ST CROIX** Region 6

St Croix County

Region 4 Burnett &

Polk Counties

Population 44,710 % of District 13.8%











TOTAL POPULATION323,287

*Excludes cities of Mercer, pop. 1,932

and Sherman, pop. 360

** Excluding St Croix County portions of cities of River Falls, pop. 2,917 and Spring Valley, pop. 4

2011 Board Appointment District Population Map

Source: WI Dept of Administration WI Demographic Services Center Final Population Estimates-January 2010 Revised 1-05-11

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BOARD MEMBERSHIP

Board members provide a critical perspective on WITC’s operations. The membership consists of twoemployers, two employees, three additional members, one public school administrator, and one electedofficial. Board members are appointed by an Appointment Committee consisting of the chair of each ofthe 11 counties in the district. Members of the board serve three-year terms. Regular board meetingsare held on the third Monday of each month with the annual board meeting being held on the secondMonday of July. All meetings are open to the public. If necessary, periodic meetings are scheduled atother times. Board members receive no compensation for their services, but are reimbursed for actualand necessary expenses in the performance of their duties.

• James Beistle is an additional member of the board representing Burnett and Polk Counties.

He has been a board member since 1999.

• Jean Serum is a school district administrator member of the board with districtwide

representation. She has been a board member since 2010.

• Dave Minor is an additional member of the board with districtwide representation.


• Harold Helwig is the elected official member of the board with districtwide representation.


• Lorraine Laberee is an additional member of the board representing Ashland, Bayfield, and

Iron Counties. She has been a board member since 1986.

• Morrie Veilleux is the employer member of the board representing St. Croix County. He

has been a board member since 2010.

• Dan Olson is an employee member representing Douglas County. He has been a board

member since 2009.

• James Schultz is an employer member representing Rusk, Sawyer, and Washburn Counties.


• Susan Wojtkiewicz is an employee member of the board representing Barron County. She

has been a board member since 1998.

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FISCAL IMPACT SUMMARY

General fundThe general fund includes $43.4 million in revenues and $43.4 million in expenditures. This budget wasdeveloped using a zero‐based budgeting approach. The college has budgeted $1.2 million to fund theannual required contribution for its post‐employment benefit liability. Salaries and benefits comprise81.5 % of this budget.

Special revenue fundThe special revenue ‐ operational fund includes $3.7 million in anticipated revenues and $3.7 million inexpenditures. This budget was built based upon anticipated external federal, state, and local grants tobe received in 2012. The tax levy is used to cover the match portion of these grants. In addition, therevenue and expense for customized business and industry training is recorded in this fund.

The special revenue ‐ non‐aidable fund includes $8.9 million in revenues and $8.9 million ofexpenditures. The majority of these funds are state and federal financial aid to be disbursed to studentsto pay for their tuition and fees. This fund is also used to account for assets held in trust by WITC as afiscal agent for student club funds.

Capital projects fundThe capital projects fund includes $0.1 million in projected revenue and $6.97 million in expenditures,of which $6.9 million will be funded through general obligation promissory notes. Over the next fiveyears, WITC anticipates it will need to issue debt to fund construction projects as well as equipment. Along‐range master facility plan was finalized in 2011 to assist administration in facility planning decisions.

Debt service fundThe debt service fund includes $5.94 million in revenues and $5.99 million in expenditures. Debtrepayment schedules have been established in such a way to allow a steady tax levy requirement for thisfund. Debt is utilized to finance capital expenditures so the cost of long‐term assets is repaid over theassets' expected useful life.

Proprietary fundThe proprietary (enterprise) fund includes $3.0 million of revenues and $3.0 million in expenditures.This fund is used to account for business type activities like the bookstore and food service operations.The total operating revenue in this fund is expected to cover costs.

WITC has a self‐insured health and dental insurance program. The internal service fund includes $7.4million of revenues and $7.2 million of expenditures as a result of projected insurance activity. The fundreserve is currently sufficient to cover periodic spikes in high cost claims as well as claims payable in theevent the college elects to move to a fully insured program.

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IMPACT ON TAXPAYER

How does the budget impact the taxpayer?WITC is considered a special district by the state of Wisconsin. As a result, it has authority to levy taxesto finance the services it provides. Annually WITC is required to adopt a balanced budget. During thebudget process the College determines the amount of tax levy required to implement its plans andmaintain a balanced budget. In October of each year the board approves the amount of tax levy to beassessed against each municipality within the district. Balancing the levy's impact on taxpayers and itsimpact on the services provided by WITC is an important consideration.

By state statute, WITC cannot assess more than $1.50 per $1,000 of equalized valuation for operationalcosts. There is no limit on the amount that can be assessed for debt service. However, state statuteslimit how much debt the college can issue without a referendum. In this way, the statutes place controlson the technical college's operational and debt levies.

WITC apportions its levy to the municipalities based on equalized valuation as determined by the Stateof Wisconsin Department of Revenue. WITC invoices the municipalities based upon mill rates. A millrate is the amount of taxes billed per $1,000 of valuation. The tax rates shown within this document arebased upon equalized valuations that are billed to the municipalities, not upon assessed valuations billedto the taxpayer.

The municipalities in turn bill the taxpayers of those municipalities based upon the assessed valuation.Therefore, the mill rate assessed by one municipality for taxes from WITC can be different than the millrate billed by another municipality. These rates may be higher or lower than the mill rate billed to themunicipalities by WITC based upon equalized valuation.

For WITC's 2012 budget, the estimated amount the municipalities within the district will be billed is$0.98 for operations and $0.19 for debt for a total of $1.17 per $1,000 of equalized valuation. This isbased on the assumption that equalized valuation will decline by 2% from 2010. If the actual change inequalized valuation is higher or lower the mill rate will be adjusted accordingly. For a $100,000 home,the municipality would be billed $116.83.

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POLICIESA number of policies provide the context for planning and developing the budget in any given year.Fiscal policies address the acquisition and general allocation of resources. These include cashmanagement, reserves, debt service, etc. They address the key issues and concerns that frame the taskat hand ‐ preparing a balanced budget that effectively achieves the college's priorities within the contextof the current and expected economic and political realities. In addition, they ensure that proper budgetcontrols are in place.

Fiscal policiesDebt managementThe WITC board has taxing powers and may incur long‐term debt obligations. By law, WITC cannothave bonded indebtedness greater than 2% of equalized valuation and aggregate indebtednessgreater than 5% of equalized valuation. WITC structures its debt with the goal of maintaining a stabletax levy in the debt service fund. Debt is repaid over a three to eight year period or less for any bondissue that is not part of a referendum. Referendum bond issues may be paid off over a ten to twentyyear period, depending on the size of the referendum. WITC annually borrows funds to pay for newconstruction, land improvements, building improvements, site improvements, and capital equipment.These costs are budgeted in the capital projects fund. WITC does not borrow funds for cash flowpurposes.

Long‐term liabilitiesResponsible financial management means looking beyond the next fiscal year to potential liabilities thatcan impact WITC in the future. Post‐employment sick pay and other post‐employment benefits arelong‐term costs that must be addressed. It is essential to plan for such potential liabilities early andallocate resources accordingly to ensure that current budgetary policies and actions do not lead tounexpected financial burdens that could require drastic remedies in the future. As a result, WITC haschosen to fund the Annual Required Contribution for post‐employment benefits using the allowableamortization period of 27 years. WITC has an actuarial calculation of the liability related to post‐employment benefits so that it fully understands the future financial impact of this benefit. In fiscal year2008 WITC created an irrevocable OPEB trust for its post‐employment benefits and has started to fundthe trust in order to reduce and eventually eliminate this liability.

Accounting systemsIn developing and modifying WITC's accounting system, consideration is given to the adequacy ofinternal controls. Internal accounting controls are designed to provide reasonable, but not absolute,assurance regarding the safeguarding of assets against loss from unauthorized use or disposition and thereliability of financial records for preparing financial statements and maintaining accountability forassets. WITC is committed to the development of good management systems and controls. Likewise,systems are conscientiously developed within which WITC employees can function effectively and whichprovide appropriate levels of supervision, internal controls, and segregation of job duties.

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Cash managementWITC has adopted an investment policy, which restricts investments to time deposits that mature in notmore than one year, US treasury obligations, repurchase agreements, US instrumentalities, and otherhigh‐grade securities that comply with Wisconsin statute 66.04(a). WITC structures its investments toensure sufficient funds are available to meet all obligations when due and to provide for safety, liquidity,return, and diversification.

Balanced budgetState statutes require the college to prepare an annual budget. The WITC Board controls the budgetprimarily by controlling the change in the tax levy. Administration must present a balanced budget tothe Board that meets the budget guidelines as established by the Board. The budget is balanced whenrevenues plus other sources is equal to expenditures plus other uses.

Maintenance of fund balanceState statutes prohibit the technical colleges from maintaining any unreserved and undesignated fundbalances. WITC maintains fund balance reserves for prepaid expenditures and inventories, operations,capital projects, debt service, student organizations, student financial assistance, and funds designatedfor subsequent years. WITC does not utilize fund balance to fund ongoing operations. Any use of fundbalance is for a one‐time only expenditures and emergencies. For proprietary funds whose reserveshave exceeded planned levels, the college may implement a planned drawdown of these funds.

Proceeds from issuance of general obligation promissory notes are not always spent in the year thefunds are received. As a result, the college's budget may include reappropriating some of these funds infuture years.

ContingenciesThe college maintains a Designated for Operations account in its fund balance in the general fund thatcan be accessed for emergencies and to help with cash flow in order to avoid short‐term borrowing. Asimilar account is maintained in the special revenue ‐ operating fund to be used for additional match forgrants if the budgeted levy for the year is insufficient for new grants that may be available during theyear.

Bond ratingWITC is determined to maintain fiscal integrity and maximize its bond rating. The current Moody's bondrating is Aaa which is the highest rating available.

Risk managementWITC maintains a risk management program that includes a risk manager, a safety coordinator, acomprehensive insurance program designated to meet WITC's needs, active security and safetycommittees oriented to the identification and avoidance of risk, regular meetings with employeescovering risk management, and an independent risk management and insurance consulting firmretained to assist in WITC's risk management program.

18

Independent auditWITC hires a certified public accounting firm to conduct an independent audit of its accounting recordsin compliance with generally accepted accounting and auditing standards and in compliance with theSingle Audit Act requirements. WITC board policy and state law require an annual audit of the financialstatements of WITC by an independent certified public accountant. WITC does not maintain an internalaudit staff; however, internal audit and operation review services are purchased on an as‐needed basisfrom an independent auditor.

19

STRATEGIC PLANNINGIn the fall of 2008, WITC solicited feedback from various stakeholders to set new strategic goals for thecollege. President Meyer held forums at each of the WITC locations and input was received bycommunity members, business and industry leaders, students, and employees. Feedback was alsoreceived through online and paper surveys. The President's Cabinet reviewed and carefully consideredall input. On February 16, 2009 the Board accepted the four new strategic goals proposed by PresidentMeyer.

The strategic goals and related objectives will be in place from July of 2009 to June of 2012 and will bethe primary driver for initiative planning at the college. Annually, budget requests that are directlylinked to the strategic goals will be prioritized. Administration is currently in the process of analyzing thestatus of expected measurable outcomes with respect to the strategic goals and objectives. Collectively,the strategic goals, objectives, and expected outcomes represent the Strategic Plan.

President Meyer has begun the process of soliting feedback from various stakeholders to set newstategic goals for the college's 2012 ‐ 2015 plan.

An update on the strategic goals and related objectives can be found at:http://www.witc.edu/planning/index.htm

20

Strategic Goals 2009-2012

Wisconsin Indianhead Technical Collegew

itc.edu

Real College. Real World. Real You.

WITC-A

shland2100 Beaser Ave.A

shland, WI 54806

715.682.4591fax 715.682.8040

WITC-N

ew Richm

ond1019 South Know

les Ave.N

ew Richm

ond, WI 54017

715.246.6561fax 715.246.2777

WITC-Rice Lake

1900 College Drive

Rice Lake, WI 54868

715.234.7082fax 715.234.5172

WITC-Superior

600 North 21st Street

Superior, WI 54880

715.394.6677fax 715.394.3771

WITC-H

ayward Branch

15618 Windrose Lane, Suite 106

Hayw

ard, WI 54843

715.634.5167fax 715.634.8387

WITC-Ladysm

ith Branch1104 Lake Ave. W

. Suite #1P.O

. Box 224Ladysm

ith, WI 54848

715.532.3399fax 715.532.5483

Washburn County Learning Center

522 Service Road ASpooner, W

I 54801715.635.9120

Adm

inistrative Offi

ce505 Pine Ridge D

riveShell Lake, W

I 54871715.468.2815fax 715.468.2819

800.243.9482 witc.edu TTY 888.261.8578

Mission

Learning FirstLearning is our passion. A

s Northw

est Wisconsin’s

leader in technical education, WITC creates dynam

ic opportunities for career preparation and personal effectiveness. W

e are comm

itted to making each

and every experience with us m

eaningful and professional.

VisionA

n Innovative JourneyEducation is a lifelong journey of learning and discovery. W

e embrace innovative theories,

techniques, and technologies to ensure success in a changing w

orld.

21

Enhance and Promote Learning O

pportunities to support the G

rowth and Success of Students

and Employers in N

orthwestern W

isconsin

Objective 1

Develop a coordinated data-driven planning

process. O

bjective 2 Be the resource in N

orthwest W

isconsin for career aw

areness and informed decision

making.

Objective 3

Provide continuous improvem

ent of processes, procedures, and business practices based on outcom

es and measures.

Strategic Goals 2009-2012

GO

AL 1

GO

AL 3

GO

AL 4

GO

AL 2

Exemplify a Learning Environm

ent that prom

otes Accessibility and Success

Objective 1

Establish a successful and sustainable student learning assessm

ent program.

Objective 2

Remove barriers that im

pede student access to program

s and services. O

bjective 3 Strengthen the Prepared Learner Program

. O

bjective 4 Provide services that support and enhance student success.

Objective 5

Review, enhance, and im

plement an

academic advising plan.

Create a Culture and Climate that

enhances Collaboration and Student Learning

Objective 1

Continue to define changing roles and responsibilities under the one-college m

odel. O

bjective 2 D

evelop comm

unication strategies at W

ITC. O

bjective 3 Provide a w

ork environment that

continues to attract, support, and retain talented people.

Objective 4

Strategically support professional developm

ent opportunities for staff. O

bjective 5 Foster diversity across the college.

Objective 6

Enhance the safety of the college.

Develop Strategic Partnerships that enhance

Educational and Economic O

pportunity

Objective 1

Position WITC as a key partner w

ith regional econom

ic development initiatives.

Objective 2

Improve opportunities to leverage W

ITC’s resources before, during, and after students are enrolled.

Objective 3

Pursue external funding that aligns with our

strategic priorities.

Telecomm

unications Futuremaker

Business and Marketing Futurem

aker

EMT Futurem

aker

22

BUDGET PROCESSThe formal budget development process begins in November. The President and Administrationforecast expected revenues and expenditures based on a status quo operation with historical trendincreases or decreases. The Divisional Vice Presidents and Associate Vice Presidents then organizerequests and modifications and review them with President's Cabinet in February. President's Cabinetassesses opportunities and challenges and prioritizes them according to the strategic plan. Prioritizationoccurs until May, when the Board is presented with a preliminary budget recommendation and thenotice for the budget hearing is published.

Throughout this process, administration updates the board on its progress with respect to the budget.Initial forecasts of this budget were provided to the Board in the fall of 2010. On May 16, 2011 at itsregular meeting, the Board adopted the budget for the purpose of publication.

The Board conducts a budget hearing at its regular meeting in June. Following the budget hearing, theBoard considers the budget for final adoption. The information contained in this document wasprepared as a result of the budgeting process and is intended to provide the reader with anunderstanding of WITC's budget and operation.

For more information relating to the budget document, please contact Steve Decker at WITC'sAdministrative Office at 505 Pine Ridge Drive, Shell Lake, WI 54871 or at (715) 468‐2815.

23

FINANCIAL STRUCTUREThe WITC Board is the governing authority of this reporting entity. WITC Board members are appointedby the WITC Board Appointment Committee comprised of te elected County Board Chairs (or theirdesignees) of the eleven counties WITC serves. As the college's governing authority, The WITC Boardpowers include authority to :

Establish a budget.

Borrow money and levy taxes.

Execute contracts, exercise control over facilities and properties,determine the outcome or disposition of matters affecting the receiptof services being provided, and approve the hiring or retention of keymanagement personnel who implement board policies and directives.

The accounts of WITC are organized on the basis of funds and account groups, each of which isconsidered a separate accounting entity. The operations of each fund are accounted for with a separateset of self‐balancing accounts that comprise its assets, liabilities, fund equity, revenues, andexpenditures. WITC's resources are allocated to and accounted for in individual funds, based upon thepurpose for which they are to be spent and the means by which spending activities are controlled. Inthis budget document the various funds are grouped into generic fund types and three broad fundcategories as follows:

Governmental fundsMost functions of WITC are financed through Governmental Funds. The acquisitions, uses and balancesof WITC's expendable financial resources and related liabilities, except those accounted for inproprietary funds, are accounted through governmental funds. The measurement focus is based uponthe determination of changes in financial position rather than upon determination of net income. WITCmaintains the following governmental funds:

General fund: The general fund is the principal operating fund and accounts forall financial activities not required to be accounted for in another fund.

Special revenue fund: The special revenue fund is used to account for the proceeds and related financial activities of specific revenue sources that arelegally restricted to expenditures for specific purposes or where WITC acts asa trustee or fiscal agent for the funds of others.

Operational: The special revenue ‐ operational fund is used to account for the proceeds and related financial activities of specific revenue sourcesthat are legally restricted to expenditures for specified purposes andwhich are within the mission of WITC. The majority of activities in this fund are related to federal, state and local grants.

Non‐aidable: The special revenue ‐ non‐aidable fund is used to accountfor assets held in trust by WITC in a trustee capacity, primarily for studentactivities and financial aid. No budgets are included for those activities where WITC acts as a fiscal agent only. Agency funds are custodial in

24

nature and do not involve measurement of the results of operations.

Capital Projects fund: The capital projects fund accounts for financial resources used for the acquisition or construction of capital assets and remodeling other than those financed by enterprise funds.

Debt service fund: The debt service fund is used to account for the accumulation of resources for and payment of general long‐term debt principal,interest, and related costs.

Proprietary fundProprietary funds are used to account for ongoing activities that are similar to those often found in theprivate sector. The measurement focus is based upon the determination of income. These funds aremaintained on the accrual basis of accounting.

Internal service fund: The internal service fund is used to account for the financing and related financial activities of goods and services provided by one department of the college to another department of the college or to other governmental units on a cost‐reimbursement basis. WITC utilizes an internalservice fund to track the activities of its self‐insurance for health and dental employee benefits.

Enterprise funds: The enterprise fund is used to record revenues and expensesrelated to rendering services to students, faculty, staff, and community. These funds are intended to be self‐supporting and are operated in a manner similar to private business where the intent is that all costs of providing goods and servicesto students and other aforementioned parties is recovered primarily through usercharges. These services complement the educational and general objectives of WITC.

Fiduciary fundFiduciary funds are used to report assets held in an irrevocable trust on behalf of others and which,therefore, cannot be used to support WITC's own programs. The fiduciary fund is not included in thecollege's adopted budget. Budgetary information is provided for information purposes only:

OPEB Trust: The OPEB Trust fund is a fund created to track the activities of the irrevocable trust established by WITC. This trust was established to hold assetsthat will fund the post‐employment benefits earned by current and former WITCstaff until the benefit is paid out on behalf of the retiree.

25

ACCOUNTING STRUCTUREBasis of accountingBasis of accounting refers to when revenues and expenditures or expenses are recognized in theaccounts and reported in the financial statements. Basis of accounting relates to the timing of themeasurement made, regardless of the measurement focus applied.

The financial statements are prepared on an accrual basis, whereby all revenues are recognized whenearned and all expenses are recorded as liabilities when incurred. This basis of accounting requiresdepreciation expense be recorded for all capitalized fixed assets to spread the cost of those assets to theestimated period benefiting from them. Principal still owing on long‐term debt is recorded as a liability.

In December 1998 the Governmental Accounting Standards Board (GASB) released Statement No. 33,"Accounting and Financial Reporting for Non‐Exchange Transactions," which revised reportingrequirements for property tax revenue. In June 1999, GASB approved Statement No. 34, "Basic FinancialStatements and Management's Discussion and Analysis for Public Colleges and Universities," whichchanged the financial statement presentation requirements for the college. The change in financialstatement presentation provides a comprehensive one‐page look at the total college and requirescapitalization of assets and the recording of depreciation.

The significant changes in these financial statements included the recording and depreciation of capitalassets, the elimination of internal revenue and expense charges, the removal of capital‐related itemsfrom revenues and expenditures, the reporting of summer school revenues and expenses on a pro ratabasis between fiscal years rather than in one fiscal year, the recording of all revenues and expenditureson an accrual basis rather than a modified accrual basis, the recognition of accrued interest onoutstanding debt, and the elimination of the two account groups.

Under these new regulations, WITC prepares its financial statements using the business‐type activitiesmodel, whereby the financial statements will be presented in a manner similar to private industry.

Basis of budgetingWITC adopts an annual operating budget that is prepared on substantially the same basis as the financialstatements, which are prepared in accordance with generally accepted accounting principles (GAAP)with the following exceptions:

WITC uses encumbrance accounting in its budgetary basis. Encumbrancesare not included in the accounting basis.

WITC records purchases of capital assets as an expenditure on a budgetarybasis. Under the accounting basis, these costs would be recorded as an assetand depreciation expense would be recorded.

WITC records the principal and interest payment on debt as an expenditure ona budgetary basis for the year in which it is paid. Under the accounting basis, the principal portion is recorded as a liability and the interest portion is recorded as an expense in the year it is due.

26

WITC records some of its revenues under the accrual basis and some under the modified accrual basis under the budgetary basis. Under the accounting basis, allrevenues are recorded under the accrual basis.

The governmental funds are accounted for on a modified accrual basis. Under the modified accrualbasis of accounting, transactions are recorded in the following manner:

Revenues are recognized when they become both measurable and available (susceptible to accrual). All revenues are considered susceptible to accrualexcept summer school tuition and fees.

Expenditures are recognized when the liability is incurred, except for interest andprincipal on general long‐term obligation debt, which are recognized as expenditures when due. Expenditures for claims and judgments are recognizedwhen it becomes probable that an asset has been impaired or a liability has beenincurred.

Expenditures for compensated absences, including vacation and sick leave, are recognized when the liability is incurred for past services of an employee that vest and accumulate.

Fixed assets are recorded as capital outlays at the time of purchase.

Proceeds of long‐term obligations are treated as financing source when received.

The proprietary funds are accounted for on an accrual basis, whereby revenues are recognized whenmeasurable and earned and expenses are recorded as liabilities when incurred and, where applicable,depreciation expenses are also included.

WITC presents its GAAP based financial statements at year‐end, as well as the budgetary basis financialstatements. Schedules in this document have been prepared using the budgetary basis only.

27


28

Fiduciary Total

Special Revenue Capital Debt Enterprise Internal Special Revenue Long‐term Memorandum

General Operational Projects Service Fund Service Non‐Aidable Fixed Assets Debt Only

ASSETS

Cash & Investments 5,876,136$ ‐$ 942,024$ 701,716$ ‐$ 995,741$ 189,524$ ‐$ ‐$ 8,705,141$

Receivables ‐

Property Tax 9,753,137 ‐ ‐ 4,836,692 ‐ ‐ ‐ ‐ ‐ 14,589,829

Accounts 4,334,443 673,038 ‐ ‐ 71,422 74,097 ‐ ‐ 5,153,000

Inventory ‐ ‐ ‐ ‐ 993,281 ‐ ‐ ‐ ‐ 993,281

Amount Available in Debt Service Fund ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 5,538,408 5,538,408

Amount to be Provided for Long‐Term Deb ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 15,976,592 15,976,592

Fixed Assets ‐ ‐ ‐ ‐ ‐ ‐ ‐ 56,939,859 ‐ 56,939,859

Total Assets 19,963,716$ 673,038$ 942,024$ 5,538,408$ 1,064,703$ 995,741$ 263,621$ 56,939,859$ 21,515,000$ 107,896,110$

Governmental Fund Category Proprietary Fund Category

WISCONSIN INDIANHEAD TECHNICAL COLLEGE

PRO‐FORMA BALANCE SHEET

June 30, 2011 (Estimated)

Account Groups

LIABILITIES

Accounts Payable 672,715$ 3,698$ 896,633$ 20,662$ 453,743$ 274,874$ ‐$ ‐$ ‐$ 2,322,325$

Employee Related Payables 1,120,830 ‐ ‐ ‐ ‐ ‐ 7,880 ‐ ‐ 1,128,710

Deferred Revenues 4,181,012 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 4,181,012

General Long‐Term Debt ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 21,515,000 21,515,000

Total Liabilities 5,974,557 3,698 896,633 20,662 453,743 274,874 7,880 ‐ 21,515,000 29,147,047

FUND EQUITY

Investment in Fixed Assets ‐ ‐ ‐ ‐ ‐ ‐ ‐ 56,939,859 ‐ 56,939,859

Retained Earnings ‐ ‐ ‐ ‐ 610,960 ‐ ‐ ‐ ‐ 610,960

Fund Balance:

Reserve for Capital Projects ‐ ‐ 45,391 ‐ ‐ ‐ ‐ ‐ ‐ 45,391

Reserve for Self Insurance ‐ ‐ ‐ ‐ ‐ 720,867 ‐ ‐ ‐ 720,867

Reserve for Student Organizations ‐ ‐ ‐ ‐ ‐ ‐ 93,254 ‐ ‐ 93,254

Reserve for Student Financial Assistance ‐ ‐ ‐ ‐ ‐ ‐ 162,487 ‐ ‐ 162,487

Reserve for Debt Service ‐ ‐ ‐ 5,517,746 ‐ ‐ ‐ ‐ ‐ 5,517,746

Unreserved:

Designated for Operations 13,989,159 669,340 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 14,658,499

Total Fund Equity 13,989,159 669,340 45,391 5,517,746 610,960 720,867 255,741 56,939,859 ‐ 78,749,063

Total Liabilities and Fund Equity 19,963,716$ 673,038$ 942,024$ 5,538,408$ 1,064,703$ 995,741$ 263,621$ 56,939,859$ 21,515,000$ 107,896,110$

29

Combined

Capital Debt Internal

General Operating Non‐aidable Projects Service Service Enterprise Total

REVENUES

Local government 30,449,118$ 853,811$ ‐$ ‐$ 5,919,083$ ‐$ ‐$ 37,222,012$

State funds 2,135,616 951,000 ‐ 40,000 ‐ ‐ ‐ 3,126,616

Program fees 8,839,761 ‐ ‐ ‐ ‐ ‐ ‐ 8,839,761

Material fees 591,000 ‐ ‐ ‐ ‐ ‐ ‐ 591,000

Other student fees 1,133,424 ‐ 400,000 ‐ ‐ ‐ ‐ 1,533,424

Institutional 277,308 950,189 450,000 80,000 25,000 7,425,000 3,000,000 12,207,497

Federal funds 32,000 900,000 8,000,000 ‐ ‐ ‐ ‐ 8,932,000

Total revenues 43,458,227 3,655,000 8,850,000 120,000 5,944,083 7,425,000 3,000,000 72,452,310

EXPENDITURES

Instruction 26,347,569 3,004,000 ‐ 1,404,202 ‐ ‐ ‐ 30,755,771

Instructional resources 1,299,005 15,000 ‐ 397,503 ‐ ‐ ‐ 1,711,508

Student services 4,701,969 600,000 8,850,000 16,150 ‐ ‐ ‐ 14,168,119

General institutional 7,781,632 15,000 ‐ 677,145 ‐ ‐ ‐ 8,473,777

Physical plant 3,328,052 21,000 ‐ 4,470,391 5,995,446 ‐ ‐ 13,814,889

Auxiliary services ‐ ‐ ‐ ‐ ‐ 7,175,000 3,000,000 10,175,000

Total expenditures 43,458,227 3,655,000 8,850,000 6,965,391 5,995,446 7,175,000 3,000,000 79,099,064

Net revenue/(expenditure) ‐ ‐ ‐ (6,845,391) (51,363) 250,000 ‐ (6,646,754)

OTHER SOURCES/(USES)

Operating transfer in/(out) ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Proceeds from debt ‐ ‐ ‐ 6,900,000 ‐ ‐ ‐ 6,900,000

Total other sources/(uses) ‐ ‐ ‐ 6,900,000 ‐ ‐ ‐ 6,900,000

TRANSFERS TO/(FROM) FUND BALANCE

Reserve for prepaids & inventories ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Reserve for post‐employment benefits ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Reserve for capital outlays ‐ ‐ ‐ 54,609 ‐ ‐ ‐ 54,609

Reserve for debt service ‐ ‐ ‐ ‐ (51,363) ‐ ‐ (51,363)

Reserve for financial aid ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Reserve for student organizations ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Reserve for self insurance ‐ ‐ ‐ ‐ ‐ 250,000 ‐ 250,000

Retained earnings ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Total transfers ‐ ‐ ‐ 54,609 (51,363) 250,000 ‐ 253,246

Beginning fund balance 13,989,159 669,340 255,741 45,391 5,517,746 720,867 610,960 21,809,204

Ending fund balance 13,989,159$ 669,340$ 255,741$ 100,000$ 5,466,383$ 970,867$ 610,960$ 22,062,450$

Special Revenue

Operating Funds

Governmental Funds Proprietary Funds

COMBINING BUDGET SUMMARYFiscal year July 1, 2011 ‐ June 30, 2012

30

2009‐10 2010‐11 2010‐11 2011‐12

ACTUAL* BUDGET ESTIMATE** BUDGET

REVENUES

Local government 36,068,087$ 37,061,002$ 37,023,546$ 37,622,012$

State funds 4,245,555 4,401,200 4,160,502 3,126,616

Program fees 8,446,351 9,031,546 8,331,916 8,839,761

Material fees 629,565 573,000 609,265 591,000

Other student fees 1,288,518 1,250,117 1,388,383 1,133,424

Institutional 10,199,008 12,076,661 11,416,811 12,207,497

Federal funds 7,372,741 8,440,000 8,424,663 8,932,000

Total revenues 68,249,825 72,833,526 71,355,086 72,452,310

EXPENDITURES

Instruction 30,621,672 31,571,813 31,560,033 30,755,771

Instructional resources 1,300,847 1,755,576 1,702,053 1,711,508

Student services 12,377,411 13,660,422 13,470,325 14,168,119

General institutional 8,222,543 8,806,878 8,368,933 8,473,777

Physical plant 11,754,946 13,690,249 13,383,624 13,814,889

Auxiliary services ‐ 9,368,926 10,395,000 9,495,246 10,175,000

Total expenditures 73,646,345 79,879,938 77,980,214 79,099,064

Net revenue/(expenditure) ‐ (5,396,520) (7,046,412) (6,625,128) (6,646,754)

OTHER SOURCES/(USES)

Operating transfer in/(out) ‐ ‐ ‐ ‐ ‐

Premium on general obligation

promissory notes 61,256 ‐ 212,246 ‐

Proceeds from debt ‐ 5,800,000 5,800,000 5,800,000 6,900,000

Total other sources/(uses) ‐ 5,861,256 5,800,000 6,012,246 6,900,000

TRANSFERS TO/(FROM) FUND BALANCE

Reserve for prepaids & inventories ‐ ‐ ‐ ‐ ‐

Reserve for operations ‐ 197,011 ‐ 345,165 250,000

Reserve for capital outlays ‐ (14,486) (1,310,895) (1,310,895) 54,609

Reserve for debt service ‐ 334,447 64,483 352,848 (51,363)

Reserve for financial aid ‐ ‐ ‐ ‐ ‐

Reserve for student organizations ‐ (52,236) ‐ ‐ ‐

Retained earnings ‐ ‐ ‐ ‐ ‐

Total transfers ‐ 464,736 (1,246,412) (612,882) 253,246

Beginning fund balance 21,957,350 22,620,598 22,422,086 21,809,204

Ending fund balance 22,422,086$ 21,374,186$ 21,809,204$ 22,062,450$

*Actual is presented on a budgetary basis.

**Estimate is based upon nine months of actuals and three months of estimate.

COMBINED BUDGET SUMMARY2011/2012 Budgetary Statement of

Resources, Uses, and Changes in Fund Balance

31

2009-10 2010-11 2010-11 2011-12REVENUES ACTUAL* BUDGET ESTIMATE** BUDGET Local Government 29,604,762$ 30,523,215$ 30,485,759$ 30,449,118$ State Aids 3,039,893 3,060,200 2,885,358 2,135,616 Program Fees 8,446,351 9,031,546 8,331,916 8,839,761 Material Fees 629,565 573,000 609,265 591,000 Other Student Fees 910,259 890,117 1,028,383 1,133,424 Institutional 225,988 201,509 395,791 277,308 Federal 25,188 25,000 25,000 32,000 Total Revenue 42,882,006$ 44,304,587$ 43,761,472$ 43,458,227$

EXPENDITURES Instruction 25,801,907$ 26,721,813 26,721,426$ 26,347,569 Instructional Resources 1,181,515 1,225,576 1,222,243 1,299,005 Student Services 4,418,935 4,903,222 4,715,696 4,701,969 General Institutional 7,444,178 7,976,878 7,598,972 7,781,632 Physical Plant 3,117,347 3,477,098 3,304,955 3,328,052 Total Expenditures 41,963,882$ 44,304,587$ 43,563,292$ 43,458,227$

Net Revenue (Expenditures) 918,124$ -$ 198,180$ -$

OTHER SOURCES (USES) Operating Transfer In (Out) - - - - Total Resources (Uses) -$ -$ -$ -$

TRANSFERS TO (FROM) FUND BALANCE Reserve for Operations 918,124 - 198,180 - Total Transfers to (From) Fund Balance 918,124$ -$ 198,180$ -$


*Actual is presented on a budgetary basis.**Estimate is based upon nine months of actuals and three months of estimate.

Wisconsin Indianhead Technical College

General Fund2011-12 Budgetary Statement of


32

2009-10 2010-11 2010-11 2011-12REVENUES ACTUAL* BUDGET ESTIMATE** BUDGET Local Government 780,858$ 779,848$ 779,848$ 853,811$ State Aids 1,205,662 1,301,000 1,275,144 951,000 Institutional 807,074 950,152 915,297 950,189 Federal 845,001 1,050,000 1,034,663 900,000 Total Revenue 3,638,595$ 4,081,000$ 4,004,952$ 3,655,000$

EXPENDITURES Instruction 3,064,138$ 3,400,000$ 3,399,387$ 3,004,000$ Instructional Resources - 30,000 - 15,000 Student Services 575,402 600,000 599,462 600,000 General Institutional - 30,000 - 15,000 Physical Plant 7,550 21,000 6,103 21,000 Total Expenditures 3,647,090$ 4,081,000$ 4,004,952$ 3,655,000$

Net Revenue (Expenditures) (8,495)$ -$ -$ -$

OTHER SOURCES (USES) Operating Transfer In (Out) -$ -$ -$ -$ Total Resources (Uses) -$ -$ -$ -$

TRANSFERS TO (FROM) FUND BALANCE Reserve for Operations (8,495)$ -$ -$ -$ Total Transfers to (From) Fund Balance (8,495)$ -$ -$ -$

Beginning Fund Balance 677,835$ 669,340$ 669,340$ 669,340$ Ending Fund Balance 669,340$ 669,340$ 669,340$ 669,340$



Special Revenue/Operational Fund2011-12 Budgetary Statement of


33

2009-10 2010-11 2010-11 2011-12REVENUES ACTUAL* BUDGET ESTIMATE** BUDGET Other Student Fees 378,259$ 360,000$ 360,000$ 400,000$ Institutional 450,027 425,000 425,000 450,000 Federal 6,502,552 7,365,000 7,365,000 8,000,000 Total Revenue 7,330,838$ 8,150,000$ 8,150,000$ 8,850,000$

EXPENDITURES Student Services 7,383,074$ 8,150,000$ 8,150,000$ 8,850,000$ Total Expenditures 7,383,074$ 8,150,000$ 8,150,000$ 8,850,000$

Net Revenue (Expenditures) (52,236)$ -$ -$ -$


TRANSFERS TO (FROM) FUND BALANCE Reserve for Student Operations (52,236)$ -$ -$ -$ Total Transfers to (From) Fund Balance (52,236)$ -$ -$ -$




Special Revenue/Non-Aidable Fund2011-12 Budgetary Statement of


34

2009-10 2010-11 2010-11 2011-12REVENUES ACTUAL* BUDGET ESTIMATE ** BUDGET State Aids -$ 40,000$ -$ 40,000$ Institutional 56,778 80,000 35,492 80,000 Federal - - - - Total Revenues 56,778$ 120,000$ 35,492$ 120,000$

EXPENDITURES Instruction 1,755,627$ 1,450,000$ 1,439,220$ 1,404,202$ Instructional Resources 119,332 500,000 479,810 397,503 Student Services - 7,200 5,167 16,150 General Institutional 778,365 800,000 769,961 677,145 Physical Plant 3,217,940 4,473,695 4,452,229 4,470,391 Total Expenditures 5,871,264$ 7,230,895$ 7,146,387$ 6,965,391$

Net Revenue (Expenditures) (5,814,486)$ (7,110,895)$ (7,110,895)$ (6,845,391)$

OTHER SOURCES (USES) Proceeds from Debt 5,800,000$ 5,800,000$ 5,800,000$ 6,900,000$ Operating Transfer In (Out) - - - - Total Resources (Uses) 5,800,000$ 5,800,000$ 5,800,000$ 6,900,000$

TRANSFERS TO (FROM) FUND BALANCE Reserve for Capital Projects (14,486)$ (1,310,895)$ (1,310,895)$ 54,609$ Total Transfers to (From) Fund Balance (14,486)$ (1,310,895)$ (1,310,895)$ 54,609$

Beginning Fund Balance 1,370,772$ 1,356,286$ 1,356,286$ 45,391$ Ending Fund Balance 1,356,286$ 45,391$ 45,391$ 100,000$


2011-12 Budgetary Statement ofResources, Uses, and Changes in Fund Balance


Capital Projects Fund

35

2009-10 2010-11 2010-11 2011-12REVENUES ACTUAL* BUDGET ESTIMATE** BUDGET Local Government 5,682,467$ 5,757,939$ 5,757,939$ 5,919,083$ Institutional 2,833 25,000 3,000 25,000 Total Revenue 5,685,300$ 5,782,939$ 5,760,939$ 5,944,083$

EXPENDITURES Physical Plant 5,412,109$ 5,718,456$ 5,620,337$ 5,995,446$ Total Expenditures 5,412,109$ 5,718,456$ 5,620,337$ 5,995,446$

Net Revenue (Expenditures) 273,191$ 64,483$ 140,602$ (51,363)$

OTHER SOURCES (USES) Premium on general obligation promissory notes 61,256$ -$ 212,246$ -$ Operating Transfer In (Out) - - - - Total Resources (Uses) 61,256$ -$ 212,246$ -$

TRANSFERS TO (FROM) FUND BALANCE Reserve for Debt Service 334,447$ 64,483$ 352,848$ (51,363)$ Total Transfers to (From) Fund Balance 334,447$ 64,483$ 352,848$ (51,363)$




Debt Service Fund2011-12 Budgetary Statement of


36

2009-10 2010-11 2010-11 2011-12REVENUES ACTUAL* BUDGET ESTIMATE** BUDGET Institutional 5,985,984$ 7,010,000$ 6,993,061$ 7,425,000$ Total Revenue 5,985,984$ 7,010,000$ 6,993,061$ 7,425,000$

EXPENDITURES Auxiliary Services 6,586,981$ 7,010,000$ 6,760,343$ 7,175,000$ Total Expenditures 6,586,981$ 7,010,000$ 6,760,343$ 7,175,000$

Net Revenue (Expenditures) (600,997)$ -$ 232,718$ 250,000$


TRANSFERS TO (FROM) FUND BALANCE Reserve for Operations (600,997)$ -$ 232,718$ 250,000$ Total Transfers to (From) Fund Balance (600,997)$ -$ 232,718$ 250,000$

Beginning Fund Balance 1,089,146$ 592,163$ 488,149$ 720,867$ Ending Fund Balance 488,149$ 592,163$ 720,867$ 970,867$



Internal Service Fund2011-12 Budgetary Statement of


37

2009-10 2010-11 2010-11 2011-12REVENUES ACTUAL* BUDGET ESTIMATE** BUDGET Institutional 2,670,324$ 3,385,000$ 2,649,170$ 3,000,000$ Other Student Fees - - - - Total Revenue 2,670,324$ 3,385,000$ 2,649,170$ 3,000,000$

EXPENDITURES Auxiliary Services 2,781,945$ 3,385,000$ 2,734,903$ 3,000,000$ Total Expenditures 2,781,945$ 3,385,000$ 2,734,903$ 3,000,000$

Net Revenue (Expenditures) (111,621)$ -$ (85,733)$ -$


TRANSFERS TO (FROM) FUND BALANCE Reserve for Operations (111,621)$ -$ (85,733)$ -$ Total Transfers to (From) Fund Balance (111,621)$ -$ (85,733)$ -$




Enterprise Fund2011-12 Budgetary Statement of


38


39

REVENUESWITC has a diversified funding base composed of property taxes, state aid, student fees, federal andstate grants, and institutionally generated revenues. This diversity of available resources and soundfiscal management will continue to provide the ability to fulfill WITC's mission now and in the futurewithout significant changes in the level of services provided.

Property taxesWITC's major revenue source is local property taxes. Annually in October, the property tax levy isinvoiced based upon the equalized value of taxable property, excluding tax incremental financingdistricts, to the local municipalities who act as assessors and collection agencies. All delinquencies areassumed by the respective counties, thus WITC will receive the full amount of its levy.

The WITC Board controls the budget by controlling the rate of change of the tax levy. By state statute,the operational mill rate cannot be greater than $1.50 per $1,000 of equalized valuation. There is nolimit for the debt service mill rate. For the fiscal year 2012 budget, the budgeted tax levy increase is.44%. The following table amd chart shows the percentage change in property tax levy increases overthe past ten years.

Tax Levy

Year Increase

2002-03 6.48%

2003-04 4.85%

2004-05 5.60%

2005-06 4.93%

2006-07 4.93%

2007-08 4.89%

2008-09 4.80%

2009-10 3.80%

2010-11 2.80%

2011-12 0.44%

Property Tax Levy Changes

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

'02/03 '03/04 '04/05 '05/06 '06/07 '07/08 '08/09 '09/10 '10/11 '11/12

% C

ha

nge

40

Due to the high demand for recreational and residential real estate in the WITC district, the equalizedvaluation increase annually has averaged 2.34% over the last five years. The equalized valuationdecreased 4.9% in budget year 2010-11. Due to the current state of the economy and instability in thereal estate market, the rate of decrease for equalized valuation was higher in budget year 2010-11 thanin prior years. This trend is expected to continue for budget year 2011-12.

The mill rate is a factor of the tax levy amount divided by the equalized valuation (divided by $1,000).The mill rate, as stated, equals the amount of taxes paid per $1,000 of equalized valuation. Forconsistency purposes, the State of Wisconsin Department of Revenue requires all technical collegeswithin Wisconsin to bill municipalities for their share of the tax levy assessed by the technical colleges onthe basis of equalized valuation. The municipalities, in turn, bill their constituents on the basis ofassessed valuation.

The table below shows the change in equalized valuation of property, the amount of equalizedvaluation, and the operational and debt mill rates over the past ten years.

Equalized Operational Debt Valuation Mill Rate Mill Rate

200 2-03 Actual (12 .84%) 21,118,511,67 5$ 1.0 2751 0.19891

200 3-04 Actual (12 .31%) 23,718,071,14 4$ 0.9 5940 0.18557

200 4-05 Actual (11 .02%) 26,345,697,05 4$ 0.9 1516 0.17330

200 5-06 Actual (10 .71%) 29,166,952,99 1$ 0.8 6812 0.16356

200 6-07 Actual (10 .64%) 32,269,753,31 2$ 0.8 2343 0.15503

200 7-08 Actual (5.68%) 34,103,143,12 8$ 0.8 1540 0.15573

200 8-09 Actual (2.30%) 34,884,947,58 2$ 0.8 3882 0.15612

200 9-10 Actual (-2 .04%) 34,173,559,56 9$ 0.8 8939 0.16628

201 0-11 Actual (-4 .93%) 32,487,261,67 3$ 0.9 6278 0.17724

201 1-12 Estimated (-2.0%) 31,837,516,44 0$ 0.9 8243 0.18592

The operational mill rate may not exceed 1.50000 per s.38.16 Wisconsin Statutes.

Equalized Valuations and Mill Rates

2 011-12 Budget Year

41

Proposed Property Tax (Estimated) 37,197,012$ Present Tax 37,035,868

Dollar Increase 161,144$

Percent Increase 0.44%

Present Mill Rate

Operations 0.96278 Debt Service 0.17724

TOTAL 1.14002

Tax Base

Present Tax Base 32,487,261,673$

New Tax Base Less Computers 31,837,516,440$

Percent Increase (Estimated) ‐2.00%

2011‐12 Mill Rate (1)

Operations 0.98243 Debt Service 0.18592

TOTAL 1.16835

Effect of Property Tax on Homeowner

Assume an Equalized Valuation of $100,000

Present Property Tax 114.00$ Proposed Vocational Property Tax 116.84$

2.83$

LAST FOUR YEARS PLUS PROPOSED

2007‐08 2008‐09 2009‐10 2010‐11 2011‐12

Equalized

Valuation 34,103,143,128$ 34,884,947,582$ 34,173,559,569$ 32,487,261,673$ 31,837,516,440$

Property Tax 33,118,510$ 34,708,198$ 36,027,109$ 37,035,868$ 37,197,012$

Computer Tax

Credit 51,850$ 49,121$ 48,826$ 38,216$ 38,216$

Mill Rate

Operations 0.82343 0.83882 0.88939 0.96278 0.98243 Debt Service 0.15573 0.15612 0.16628 0.17724 0.18592

0.97916 0.99494 1.05567 1.14002 1.16835

The operational mill rate limit may not exceed 1.50000 per s.38.16 Wisconsin statutes.

(1) Property tax $37,197,012 divided by $31,837,516,440 equals mill rate 1.16835.

WISCONSIN INDIANHEAD TECHNICAL COLLEGEPROPERTY TAX ANALYSIS

Actual

42

State fundsWITC receives state funds from three different sources: general state aids, state aids in lieu of computertaxes, and grants. Grant funding may be used in either of the special revenue funds or the capitalprojects funds.

Grant fundingThe amounts budgeted for grants are based on proposals submitted to the various state fundingagencies. These amounts may fluctuate significantly between years. During the year, WITC may berequired to amend its budget if the fluctuation is different than what was budgeted during thebudgeting process. These grants are budgeted in one of the two special revenue funds, depending onwhether on not WITC actively manages and oversees the grant or it is only acting as a fiscal agent ortrustee of the funds. WITC acts as a trustee for state financial aid funds such as Student EmploymentOpportunity Grant (SEOG) and Wisconsin Higher Education Grant (WHEG). These are recorded in thespecial revenue ‐ non‐aidable fund.

General state aids fundingThe sixteen technical colleges in Wisconsin receive funding from the state called general state aids to beused to offset the operational costs for the colleges. For budget year 2010‐11 a total of $119,335,600was available annually for the technical college system as a whole. Prior to the 2009‐10 bienniumbudget, the legislature had not increased the appropriation of $118,415,000 since 2000‐01. The state iscurrently working on completing the 2012‐2014 biennium budget and final decisions for 2011‐12funding are not available at the time of the completion of this document . However, a 30% reduction to$ 83,534,900 has been proposed by the Joint Finance Committee.

The amount of aid is distributed to the sixteen technical colleges based on a complicated expenditure‐driven formula equalized for tax‐levying ability. The formula takes into consideration student full‐timeequivalent (FTE) enrollments, aidable operational costs, an equalized valuation index, and a sum certainallocation at the state level. It is difficult to predict exactly what each college will receive annually instate aids. General state aid as a percentage of WITC's revenues has steadily declined over the previousten years as the district's equlaized value has grown at an above average pace.

43

The following table and chart show the history of FTE's vs. State aids for a ten year period,including the current projected budgeted year.

Percent Aids

State Aids To Net Aidable

Year Aidable FTE's (in 000's) Costs

2002-2003 2,937 $3,309 11.854%

2003-2004 2,892 $3,208 10.659%

2004-2005 2,844 $3,053 10.179%

2005-2006 2,853 $3,144 9.406%

2006-2007 2,851 $2,970 9.108%

2007-2008 2,923 $2,912 8.580%

2008-2009 2,932 $2,918 8.580%

2009-2010 3,148 $2,844 7.739%

2010-2011 (Est.) 2,982 $2,653 7.000%

2011-2012 (Proj.) 2,934 $1,945 5.300%

0

500

1,000

1,500

2,000

2,500

3,000

FTE's vs. State Aid

Aidable FTE's State Aids (in thousands)

03

-04

04

-05

05

-06

06

-07

07

-08

08

-09

09

-10

10

-11

11

-12

44

State aids in lieu of computer taxesBeginning with fiscal year 2003, the state adopted new legislation that exempted personal computersfrom businesses from personal property taxes. In order to avoid an extra tax burden for residentialtaxpayers, the state elected to reimburse the taxing jurisdictions state aids in lieu of computer taxes.The following chart shows the history of state aids in lieu of computer taxes for a ten year period,including the 2011‐12 estimated amount.

0

10,000

20,000

30,000

40,000

50,000

60,000

State aids in lieu of computer taxes by year

02-03

03-04

04-05

05-06

06-07

07-08

08-09

09-10

10-11

11-12

Student feesFees are collected from students for tuition, materials, and various miscellaneous purposes. Programfees consist of tuition paid for students taking classes. These fees may be paid by the student, a relative,an employer, financial aid, a grant, or some other source. State statutes require that the technicalcolleges may not waive tuition fees unless specifically stated in a state statute (e.g. a grant covers thecost of a course and thus tuition may not be charged to the student). If a student drops a course withina certain timeframe, a credit of 60%, 80%, or 100% of the tuition and fees is given.

WITC estimates the amount of tuition to be received based upon projected enrollments, an estimatedamount to be credited, and the increase to tuition rates. The tuition rates per credit for associatedegree, technical, and vocational adult programs are set by the Wisconsin Technical College System(WTCS) Board and can't be changed by WITC. The WTCS Board approves the tuition rates in March ofeach year. Tuition rates will increase 5.5% for fiscal year 2011‐12.

Material fees are rates charged to cover the cost of supplies used by the students in the classroom (e.g.,welding rods for a welding class). These rates are set by the WTCS Board using information provided byall sixteen districts. The rate for fiscal year 2012 is $4.00 per credit for state category 00 and category02‐20 will be based on $3.25 intervals between categories which was unchanged from the prior year.

Miscellaneous student fees include such fees as out‐of‐state tuition rates, which are set by the WTCSBoard; community service tuition rates, which are tuition rates set by WITC for non‐credit classes; groupdynamic course fee rates, which are set by the WTCS Board; and testing, application, and graduationfees, which are set by the college. The college sets the fees it controls based on a combination of what itcosts to provide the service and market conditions. The state allows the college to recover its costs forthese services, but it can't make a profit. The revenue budgets for these fees are based upon projectedlevels of activities.

45

Students taking credit courses also get charged a student activity fee unless their class has beenexempted from the fee. These fees are recorded in the special revenue ‐ non‐aidable fund and are usedby student government to provide services to the students. The fee is equal to 6.5% of the tuition raterounded to the nearest $.25. The students determine how they would like these funds to be spent.WITC acts as a trustee of these funds on behalf of the students. Since tuition rates increased for fiscalyear 2012, these fees increased from $6.75 per credit to $7.15 per credit.

Institutional revenuesWITC has a number of revenue sources that are classified as institutional revenue. Some of the majorcategories of institutional revenues are investment earnings, sales of goods and services from enterpriseactivities, revenue generated from contracts with business and industry for customized instruction andtechnical assistance, and revenues from high schools for instructional services.

Investment earningsWITC records most of its cash receipts in the general fund. Proceeds from issuing general obligationpromissory notes are recorded in the capital project fund. Cash received for tax levy payments relatingto debt service are recorded in the debt service fund. WITC receives earnings on these cash and cashequivalent investments. WITC's investment earnings have decreased as interest rates have declined.

Customized instruction and technical assistanceWisconsin state statute 38.14 allows the technical colleges to contract with business and industry toprovide customized training to meet their educational needs (e.g., a new business needs help training itsaccounting staff). Normal tuition and fees are not charged for this type of activity. Instead, there areother formulas used to set the contract price that takes into consideration the direct and indirect costsof providing the services. The cost of these contracts needs to be at least as much as normal tuition andfees.

In addition to providing customized instruction to business and industry, state statute 38.24 allows WITCto provide seminars and workshops if they meet certain criteria. In some instances, WITC is allowed tocharge a market rate for these services.

Wisconsin state statutes 38.14 and 118.15 requires the technical colleges to provide certain types ofservices to high school students whereby the high school student, while still attending high school, canalso receive technical college credit for the same class. When high school students meet the criteria forthis statute, WITC bills the high school for the cost of the service based on the funding rates allowed.The student does not pay tuition and fees for this service.

The majority of the 38.14 and 118.15 contract activity takes place in the special revenue ‐ operationalfund. The budget year 2011‐12 budget has been built using an estimate based upon projected salesvolume and contract rate pricing per WITC policy.

46

Sales of goods and servicesWITC operates a number of enterprise activities. These enterprise activities are managed like a privatebusiness and sell goods and services to students and to the public. The main enterprise activities are thebookstores and conference centers. The goal of these enterprise activities is to at least break even.

WITC is self‐insured for health and dental care costs. Revenues from the collection of premiums arerecorded in an internal service fund. WITC has established a reserved fund balance and utilizes a stoploss reinsurance policy in order to proactively limit its exposure to dramatic premium increases due tocatastrophic high‐cost claims. In effect, the internal insurance fund's primary revenue is insurancepremiums paid by the general fund.

Federal fundsWITC receives federal grants for specific projects and student financial aid. Most federal grants arerecorded in the special revenue ‐ operational fund. These grants may include Perkins, Vocational AdultEducation, and Workforce Investment Act funds. For those grants where WITC acts as a trustee, thesegrants are recorded in the special revenue ‐ non‐aidable fund. WITC acts as a trustee for financial aidprograms such as Pell, Stafford, and College Work Study.

Federal funding levels may fluctuate greatly form year to year based upon the availability of federalfunds and the amount projected to be awarded to WITC. The budget is based upon known informationduring the budget process. Any deviations from this information may result in a budget amendmentbeing taken to the board to modify the budget.

47

DESCRIPTION OF EXPENDITURE FUNCTIONSInstructionThis function includes teaching, academic administration and related clerical support, and otheractivities related directly to the teaching of students, such as aiding the students in the educationalprograms, coordination and improvement of teaching.

Instructional resourcesThis function includes all learning resource activities such as library and audio‐visual aids center, learningresource center, instructional media center, instructional resources administration, and related clericalsupport.

Student servicesThis function includes those non‐instructional services provided for the student body such as studentrecruitment, student services administration and related clerical support. This includes the areas ofadmissions, registration, counseling (including testing and evaluation), health services, financial aids,placement and follow up.

General institutionalThis function includes costs related to general administrative functions, including the board, the office ofthe president, the business office, human resources, administrative services, information technologyand general clerical support serving all functions of WITC. Administrators of specific functions are notrecorded under this function. This function also includes all services benefiting the entire college,exclusive of those chargeable directly to other functional categories. Examples of this type ofexpenditures are legal fees, external audit fees, general liability insurance, and public information.General personnel, employment relations, and affirmative action programs are included in this function.

Physical plantThis function includes all services required for the operation and maintenance of the physical facilities.Principal and interest on long‐term debt obligations are included under this function as are generalutilities such as heat, light and power.

Auxiliary servicesThis function includes commercial‐type activities such as the bookstore

48

SUPPLEMENTAL INFORMATIONThe following financial schedules, staffing information, and program information are intended to providea more detail regarding certain aspects of WITC’s operation. A brief summary of each supplementalschedule is provide below:

Budget Expenditure by Object Level – All FundsThis schedule (page 51) provides a summary of expenditures sorted by the type of expense, or objectcategory. Like many service organizations, the largest percentage of the college budget is allocated tosalaries, wages, and fringe benefits.

Special Revenue/Operational FundThis schedule (page 53) provides a summary of revenues by major grant category. In addition, the Othercategory captures the activity associated with business and industry contracting as an Institutional

source. Expenditures by function is also included.

Equipment/Software ListingThis schedule (page 54) indicates the source of funding for equipment and software and providesadditional detail about how those resources are used. In addition, the schedule shows that a planneddrawdown of fund balance is expected in 2011‐12. These activities are captured in the capital projectfund.

Facility/Site Development Project ListingThis schedule (page 55) indicates the source of funding for facility projects in 2011‐12 and how the fundswill be utilized by project. In addition, the schedule shows that a planned drawdown of fund balance isexpected in 2011‐12. These activities are captured in the capital project fund.

Schedule of Long‐Term IndebtednessThis schedule (pages 56‐59) shows each debt issue currently outstanding and its purpose, interest rate,and repayment schedule. The repayment of debt is financed by WITC’s tax levy and its activity isrecorded in the Debt Service fund.

Combined Schedule of Long‐Term ObligationsThis schedule (page 60) reports the debt repayment requirements for currently outstanding debt byfiscal year. The repayment of debt is financed by WITC’s tax levy and its activity is recorded in the DebtService fund.

Carryover Resource Needs from FY11This schedule (page 61) shows the payment WITC will be required to make in October 2011 to satisfycurrent debt obligations. This payment is made in fiscal 2011‐12, but the levy for the payment occurredin fiscal 2010‐11. This occurs because the levy cycle and budget cycle do not match.

Additional Resource NeedsThis schedule (page 62) shows the payment WITC will be required to make in October 2012 to satisfycurrent debt obligations. This payment will be made in fiscal 2012‐13, but the levy for the payment willoccur in fiscal 2011‐12. This occurs because the levy cycle and budget cycle do not match.

49

Debt Limitation ScheduleThis schedule (page 63) summarizes the statutory limitations on WITC’s debt.

Position Summary – FTE BasisThis schedule (page 64) shows the college staff on a full‐time equivalent basis. WITC employs nearly 400benefit eligible, full‐time employees and over 1,000 part‐time employees.

Board Approved PositionsThis schedule (page 65) summarizes full‐time, benefit eligble staff. It also includes how history of howstaffing levels have changed over time and detail about changes proposed in the 2011‐12 budget.

Programs and CertificatesThis schedule (pages 66‐67) summarizes many of the learning opportunities available at WITC. For moreinformation about programming and services, please visit our web site (witc.edu) or contact the staff atone of our locations.

Unduplicated HeadcountThis chart (page 68) shows unduplicated students at WITC by fiscal year. A ten year period is presented.

Full Time Equivilant StudentsThis chart (page 69) shows enrollment after converting students to a full‐time equivalent basis. Variousformulas depending on course type are used to determine full time equivalency.

50

Special Special

Revenue Revenue Capital Debt Internal

General Operational Non‐Aidable Projects Service Enterprise Service Total

Salaries and Wages 25,697,903$ 2,500,000$ 340,000$ ‐$ ‐$ 500,000$ ‐$ 29,037,903$

Fringe Benefits 9,488,013 70,000 72,500 ‐ ‐ 165,000 ‐ 9,795,513

Personnel Services 35,185,916 2,570,000 412,500 ‐ ‐ 665,000 ‐ 38,833,416

Current Expenses 8,272,311 1,085,000 8,437,500 ‐ ‐ 2,335,000 7,175,000 27,304,811

Capital Outlay ‐ ‐ ‐ 6,965,391 ‐ ‐ ‐ 6,965,391

Debt Service ‐ ‐ ‐ ‐ 5,995,446 ‐ ‐ 5,995,446

Total Budgeted Expenditures 43,458,227$ 3,655,000$ 8,850,000$ 6,965,391$ 5,995,446$ 3,000,000$ 7,175,000$ 79,099,064$


Budget ExpendituresBy Object Level ‐ All Funds

51


52

WISCONSIN INDIANHEAD TECHNICAL COLLEGESPECIAL REVENUE/OPERATIONAL FUND

Federal Federal Wisconsin

AEFL Perkins VTEA GPR Other Totals

REVENUE SOURCES

SPECIAL REVENUE/OPERATIONAL FUND

Property tax 146,500$ 484,600$ 222,711$ ‐$ 853,811$

State ‐ ‐ 692,304 258,696 951,000

Institutional ‐ ‐ ‐ 950,189 950,189

Federal 215,040 463,255 ‐ 221,705 900,000Federal 215,040 463,255 ‐ 221,705 900,000

TOTAL REVENUES 361,540$ 947,855$ 915,015$ 1,430,590$ 3,655,000$

EXPENDITURESEXPENDITURES

Instruction 3,004,000$

Instructional resources 15,000

Student services 600,000

General institutional 15,000

Physical plant 21,000

TOTAL EXPENDITURES 3,655,000$

AEFL = Adult Education & Family Literacy Act

VTEA = Vocational & Technical Edcuation Act

GPR = General Purpose Revenuep

53

Resources:

1. Proceeds from debt 2,400,000$

2. Resale of equipment 30,000

3. State grants 40,000

4. Interest income 25,000

Total Resources: 2,495,000$

Equipment/software:

Instruction

1. Academic Affairs 654,578$

2. Continuing Education 156,851

3. Instructional computers/printers 411,600

4. Campus and Instructional Technology 419,369

5. Contingency (12,561) 1,629,837$

Instructional resources

1. Instructional video 82,800$

2. Learning resources 34,459 117,259$

Student Affairs

1. Furniture 16,150$ 16,150$

General institutional

1. WILM Consortium 153,000$

2. Information technology 299,625

3. Administrative computers/printers 169,520

4. Community Area Network ‐ Broadband Initiative 50,000

5. Copier replacement 5,000 677,145$

Total Equipment/Software: 2,440,391$

Net Change in Fund Balance: 54,609$

Estimated Beginning Fund Balance: 45,391$

Estimated Ending Fund Balance: 100,000$


Equipment/Software Listing

2011-12

54

Resources:

1. Proceeds from debt 4,500,000$

2. Interest income 25,000

Total Resources: 4,525,000$

Project Listing:

Ashland

1. Signage 50,000 50,000$

Rice Lake

1. Roofing 67,200 67,200$

Superior

1. Paving 39,900$

2. Hot water 80,000 119,900$

New Richmond

1. New Construction ‐ instructional space and labs 1,500,000$

2. Remodeling ‐ PEC building envelope 1,500,000

2. Remodeling ‐ instructional space and labs 1,000,000 4,000,000$

Shell Lake

1. Rezone HVAC 50,000 50,000$

Design Fees: 30,000$

Architect Fees: 50,000

Mechanical/Lighting/Security Replacement: 60,724

Minor remodeling (Ashland, Shell Lake, Rice Lake, Superior)(1): 90,000

Total Projects: 4,517,824$

Net Change in Fund Balance: 7,176$

Estimated Beginning Fund Balance: 45,391$

Estimated Ending Fund Balance (2): 52,567$

(1) Limited to $30,000 per campus without state approval per TCS 5.09(1).

(2) Does not include a projection for Projects in Progress at the end of next fiscal year.


Facility/Site Development Project Listing

2011‐12

55

FISCAL YEAR PRINCIPAL INTEREST TOTAL

2011‐12 400,000 6,000 406,000

400,000$ 6,000$ 406,000$


2011‐12 525,000 44,876 569,876

2012‐13 540,000 23,221 563,221

1,065,000$ 68,097$ 1,133,097$

$4,650,000 PROMISSORY NOTE

PURPOSE: Remodeling/Construction/Equipment


SCHEDULE OF LONG‐TERM INDEBTEDNESS

PAYEE: Griffin, Kubik, Stephens, & Thompson (2.090047%)

PAYEE: Griffin, Kubik, Stephens, & Thompson (3.8233793%)

$3,860,000 PROMISSORY NOTE (Taxable)

DATE OF ISSUANCE: Summer, 2003

PURPOSE: WRS Prior Service Liability



2011‐12 50,000 32,231 82,231

2012‐13 50,000 30,544 80,544

2013‐14 900,000 14,850 914,850

1,000,000$ 77,625$ 1,077,625$


2011‐12 450,000 12,375 462,375

450,000$ 12,375$ 462,375$

PURPOSE: Construction/Remodeling/Equipment

PAYEE: Stifel, Nicolaus & Company, Inc. (3.984453%)



PAYEE: Harris Bank (3.157143%)




56


2011‐12 400,000 32,000 432,000

2012‐13 600,000 12,000 612,000

1,000,000$ 44,000$ 1,044,000$


2011‐12 3,000,000 81,250 3,081,250

2012‐13 400,000 26,000 426,000

2013‐14 600,000 9,750 609,750

4,000,000$ 117,000$ 4,117,000$




PAYEE: Robert W. Baird & Co., Inc. (3.9523788%)





SCHEDULE OF LONG‐TERM INDEBTEDNESS ‐ continued


2011‐12 240,000 22,000 262,000

2012‐13 245,000 15,938 260,938

2013‐14 255,000 9,687 264,687

2014‐15 260,000 3,250 263,250

1,000,000$ 50,875$ 1,050,875$


2011‐12 200,000 66,000 266,000

2012‐13 2,300,000 41,000 2,341,000

2013‐14 400,000 14,000 414,000

2014‐15 400,000 5,000 405,000

3,300,000$ 126,000$ 3,426,000$


DATE OF ISSUANCE: Fall, 2009


PAYEE: Hutchinson, Shockey, Erley & Co. (1.482293%)


PURPOSE: Remodeling


DATE OF ISSUANCE: Spring, 2009

57


2011‐12 ‐ 53,193 53,193

2012‐13 245,000 51,723 296,723

2013‐14 250,000 48,378 298,378

2014‐15 250,000 44,315 294,315

2015‐16 405,000 37,976 442,976

2016‐17 435,000 28,931 463,931

2017‐18 450,000 18,413 468,413

2018‐19 465,000 6,394 471,394

2,500,000$ 289,321$ 2,789,321$





PAYEE: Bankers Bank (1.4458734%)




PAYEE: Bankers Bank (2.2822166%)


2011‐12 ‐ 45,088 45,088

2012‐13 600,000 41,938 641,938

2013‐14 725,000 34,599 759,599

2014‐15 1,275,000 22,162 1,297,162

2015‐16 375,000 10,687 385,687

2016‐17 375,000 3,750 378,750

3,350,000$ 158,224$ 3,508,224$


2011‐12 ‐ 85,433 85,433

2012‐13 200,000 90,200 290,200

2013‐14 280,000 83,000 363,000

2014‐15 260,000 73,600 333,600

2015‐16 350,000 61,400 411,400

2016‐17 460,000 45,200 505,200

2017‐18 300,000 30,000 330,000

2018‐19 300,000 18,000 318,000

2019‐20 300,000 6,000 306,000

2,450,000$ 492,833$ 2,942,833$




PAYEE: Piper Jaffray (2.1241154%)

58


2011‐12 ‐ 35,813 35,813

2012‐13 200,000 70,125 270,125

2013‐14 1,075,000 60,563 1,135,563

2014‐15 1,675,000 35,750 1,710,750

2015‐16 450,000 14,500 464,500

2016‐17 500,000 5,000 505,000

3,900,000$ 221,751$ 4,121,751$


2012‐13 ‐ 70,650 70,650

2013‐14 50,000 70,150 120,150

2014‐15 50,000 69,150 119,150


PURPOSE: Construction/Remodeling

PAYEE: TBD


DATE OF ISSUANCE: Fall, 2011

PURPOSE: Remodeling/Equipment

PAYEE: TBD



2015‐16 400,000 64,150 464,150

2016‐17 400,000 55,150 455,150

2017‐18 900,000 40,525 940,525

2018‐19 400,000 26,000 426,000

2019‐20 400,000 16,500 416,500

2020‐21 400,000 5,700 405,700

3,000,000$ 417,975$ 3,417,975$

59

Fiscal Year Principal Interest Total

2011-12 5,265,000$ 516,257$ 5,781,257$ 2012-13 5,380,000 473,339 5,853,339 2013-14 4,535,000 344,977 4,879,977 2014-15 4,170,000 253,227 4,423,227 2015-16 1,980,000 188,713 2,168,713

2016-17 2,170,000 138,031 2,308,031

2017-18 1,650,000 88,938 1,738,938

2018-19 1,165,000 50,394 1,215,394

2019-20 700,000 22,500 722,500

2020-21 400,000 5,700 405,700

TOTAL 27,415,000$ 2,082,076$ 29,497,076$


COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

Note: The debt service budget for fiscal year 2011-12 includes $50,000 for agent, legal a other fees for the issuance of $6,900,000 in promissory notes.

60

Type Loan Principal Interest Total

4,650,000$ 400,000$ 6,000$ 406,000$ 3,860,000 - 22,438 22,438 6,500,000 50,000 16,538 66,538 4,350,000 450,000 12,375 462,375 3,400,000 400,000 20,000 420,000 4,650,000 3,000,000 65,000 3,065,000 1,000,000 240,000 12,500 252,500 3,300,000 200,000 34,000 234,000

2,500,000 - 26,596 26,596

3,350,000 - 22,544 22,544

2,450,000 - - -

TOTAL 4,740,000$ 237,991$ 4,977,991$

5,517,746$

(4,977,991)

539,755$

Less: October 2011 estimated paymentDebt service fund balance available for future payments.

Estimated 6/30/2011 debt service fund balance


DEBT SERVICE

CARRYOVER RESOURCE NEEDS FROM FY11OCTOBER 2011 PAYMENTS

FY 2011-12

61

Type Loan Principal Interest Total

3,860,000$ -$ 11,611$ 11,611$ 6,500,000 50,000 15,694 65,694 3,400,000 600,000 12,000 612,000 4,650,000 400,000 16,250 416,250 1,000,000 245,000 9,500 254,500 3,300,000 2,300,000 32,000 2,332,000 2,500,000 245,000 26,596 271,596

3,350,000 600,000 22,544 622,544

2,450,000 200,000 46,600 246,600

3,900,000 (1) 200,000 35,812 235,812

3,000,000 (1) - - -

TOTAL 4,840,000$ 228,607$ 5,068,607$

(1) Estimated

5,466,383$ (5,068,607)

397,776$ future payments.


DEBT SERVICE

ADDITIONAL RESOURCE NEEDSOCTOBER 2012 PAYMENTS

FY 2011-12

Estimated 6/30/2012 debt service fund balance.Less: October 2012 payment.Debt service fund balance available for

62

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

taxable property located in the District, per s.67.03(1) of Wisconsin State Statute.

Estimated equalized value 31,837,516,440$

Maximum aggregate fiscal year debt 27,415,000$

Debt limitation subject to 5% limitation 1,591,875,822$

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

property located in the District per s.67.03(9) of Wisconsin State Statute.

Estimated equalized value 31,837,516,440$

Maximum aggregate fiscal year debt ‐$

Debt limitation subject to 2% limitation 636,750,329$

* Estimated equalized value includes TIF Districts.

DEBT LIMITATION SCHEDULE

2011‐12 BUDGET YEAR

63

Special Total2008‐09 2009‐10 2010‐11 General Revenue Proprietary Fiduciary 2011‐12

Category Actual Actual Budget Fund Fund Fund Fund Budget

Administrators / Supervisors 69 70 73 70 1 1 1 73 Teachers 213 214 212 183 25 ‐ ‐ 208 Other Staff 216 219 219 195 14 10 ‐ 219

Total 498 503 504 448 40 11 1 500

NOTE: Above numbers include full‐time equivalency of full and part‐time staff. Excluded are students classified as staff on the work study program.


POSITION SUMMARY ‐ FTE BASIS

64

FY 07 FY 08 FY 09 FY10 FY11 Terms New FY12

President 1 1 1 1 1 1 1 1 1Management 95 100 104 100 90 91 85 89 89Instruction – Professional/Instructional 140 137 145 140 147 152 152 153 4 149Professional/Support Services 14 14 13 13 13 14 18 21 21Office & Technical Support 112 112 112 114 121 122 123 130 1 129Custodial 20 20 20 20 20.5 20.5 20.5 21 1 22

TOTAL BOARD APPROVED POSITIONS 382 384 395 388 392.5 400.5 399.5 415 5 1 411

Management OTS(-) Continuing Education Assistant (Superior)

Faculty(-) Mathematics Instructor (New Richmond) Custodian(-) Administrative Profession/ Supv Mgmt Instructor (Superior) (+) Custodian I (Rice Lake)(-) Office Support Specialist Instructor (Rice Lake)(-) Accounting Instructor (New Richmond)

Professional/ Support Services

BY ADMINISTRATIVE UNITBoard Approved Positions

as of July 1, 2011

FY 04 FY 05 FY 06

65

6 800.243.9482 witc.edu 2011-2012

* Accounting 44 ■ ■ ■ ■**AccountingAssistant 46 ■ ■ ■* AdministrativeProfessional 48 ■ ■ ■* AgriculturalPowerandEquipmentTechnician 50 ■ * ArchitecturalCommercialDesign(unique in Wisconsin) 52 ■* AutoCollisionRepairandRefinishTechnician 54 ■* AutomatedPackagingSystemsTechnician(unique in Wisconsin) 56 ■* AutomotiveMaintenanceTechnician 58 ■ ■* Barber/Cosmetologist 60 ■ ■* BricklayingandMasonry 62 ■* BusinessManagement 64 ■ ■ ■ ■* CriminalJustice-Corrections 66 ■ ■* CriminalJustice-LawEnforcement 68 ■ CriminalJustice-LawEnforcementAcademy 70 ■* DairyHerdManagement 72 ■* DentalAssistant 74 ■ DietaryManager 76 ■ ■ ■ ■* EarlyChildhoodEducation 78 ■ ■ ■ ■ EmergencyMedicalTechnician-Basic 80 ■ ■ ■ ■ EmergencyMedicalTechnician-IntermediateTechnician 82 ■ ■* EmergencyMedicalTechnician-Paramedic 84 ■ ■ ■ ■* EnergyEfficiencyTechnician 86 ■ FarmBusinessandProductionManagement 88 ■ ■ ■* Finance 90 ■ ■ ■ ■* Heating,Ventilation,andAirConditioning/Refrigeration(HVAC/R)(unique in WI) 92 ■* HumanServicesAssociate 94 ■ ■* IndustrialAutomation,Controls,andNetworking(unique in Wisconsin) 96 ■* IndustrialMaintenanceTechnician 98 ■* InformationTechnology-ComputerSupportSpecialist 100 ■* InformationTechnology-NetworkSpecialist 102 ■ ■ ■ ■* InformationTechnology-WebAnalyst/Programmer 104 ■ ■* JudicialReporting 106 ■* MachineToolOperation 108 ■* MachineToolTechnician 110 ■* MachineToolingTechnics 112 ■* MarineRepairTechnician(unique in Wisconsin) 114 ■* Marketing 116 ■ ■* MechanicalDesignTechnology 118 ■* MedicalAdministrativeSpecialist 120 ■ ■* MedicalAssistant 122 ■ ■ ■* Motorcycle,Marine,andOutdoorPowerProductsTechnician 124 ■ NursingAssistant 126 ■ ■ ■ ■* Nursing-AssociateDegree 128 ■ ■ ■ ■* OccupationalTherapyAssistant 130 ■ ■ ■ ■* OfficeSupportSpecialist 132 ■ ■ ■ ■* ParamedicTechnician 134 ■ ■ ■ ■* SupervisoryManagement 136 ■ ■ ■ ■* TelecommunicationTechnologies(unique in Wisconsin) 138 ■* TherapeuticMassage 140 ■ ■ ■* Welding 142 ■ ■ ■ ■* WoodTechnics(unique in Wisconsin) 144 ■* IndividualizedTechnicalStudies 146 ■ ■ ■ ■* TechnicalStudies-Journeyworker 147 ■ ■ ■ ■

Offered atPrograms

* Indicates financial aid eligible. ** Indicates prorated financial aid.General Studies is central to all programs. GED/HSED® and Basic Education offerings are available at all locations.

Programs and Certificates NewOnline Ashland Richmond RiceLake SuperiorPAGE

66

Prog

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s an

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Cam

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7800.243.9482 witc.edu 2011-2012

AutoCADDrafting 150 ■ Barber/CosmetologistInstructor 151 ■ ■ Barber/CosmetologyManager 152 ■ Biofuels/ChemicalProcessTechnician 153 ■ BusinessAdministrationSpecialist 154 ■ ■ ■ BusinessGraphics 155 ■ ■ ■ ■ ComputerNumericalControl(CNC)Machining 156 ■ ■ ComputerizedAccounting 157 ■ ■ ■ ■ CustomerService 158 ■ ■ ■ ■ EthicalLeadership 159 ■ GeneralStudies 160 ■ ■ ■ ■ HumanResourcesManagement 161 ■ ■ ■ ■ IBMRPGIVProgramming 162 ■ IndustrialControlsandAutomation 163 ■ InformationSecuritySpecialist 164 ■ ■ ■ JavaDeveloper 165 ■ MarketingSpecialist 166 ■ ■ ■ Marketing/DesktopPublishingSpecialist 167 ■ ■ ■ MedicalCodingSpecialist 168 ■ ■ ■ MedicalQuality 169 ■ ■ ■ ■ ■ MedicalTranscription 170 ■ ■ ■ ■ NetworkingProfessional 171 ■ PersonalCareWorker 172 ■ ■ ■ ■ PlasticInjectionMoldingSetupTechnician 173 ■ ProfessionalCredentialforChildCareAdministrators(Wisconsin) 174 ■ ■ ■ ■ ProfessionalCredentialforInfants/Toddlers(Wisconsin) 175 ■ ProfessionalCredentialforPreschoolTeachers(Wisconsin) 176 ■ ■ ■ ■ ProfessionalInclusionCredential(Wisconsin) 177 ■ ■ ■ ■ RenewableElectricity-Photovoltaic 178 ■ RenewableElectricity-Wind 178 ■ SafetyManagement 179 ■ SupervisoryLeadership 180 ■ ■ ■ ■ SupervisoryManagementHumanRelations 181 ■ ■ ■ ■ SupervisoryManagementQuality 182 ■ ■ ■ ■ SupervisoryManagementSystems 183 ■ ■ ■ ■ SustainableDesign 184 ■ ■ ■ ■ ■ VisualBasic 185 ■ WebDesign 186 ■ WebDeveloper(eDeveloper) 187 ■ WebSpecialist 188 ■

Offered atCertificates PAGE

Select certificate courses are offered at the WITC-Hayward and WITC-Ladysmith outreach centers. Please contact the outreach center manager for details.

NewOnline Ashland Richmond RiceLake Superior

67

Wisconsin Indianhead Technical College Unduplicated Headcount

20 000

25,000

30,000

Wisconsin Indianhead Technical College ‐ Unduplicated Headcount

10,000

15,000

20,000 Community Services

Credit

Vocational Adult

Total

‐

5,000

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Community Services 1,003 1,090 1,324 550 488 435 855 492 516 592 643

Credit 7,170 7,299 8,076 7,435 7,221 6,984 7,257 7,382 7,681 7,954 8,279

Vocational Adult 20,812 20,087 20,998 18,706 18,929 19,572 20,407 19,966 17,871 18,457 18,320

Total 27 309 26 852 28 554 25 193 25 220 25 827 26 110 26 649 25 031 25 966 25 960Total 27,309 26,852 28,554 25,193 25,220 25,827 26,110 26,649 25,031 25,966 25,960

68

3200

3000

3100

2700

2800

2900

2500

2600

2700

2002-03

2003-04

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11 Est

Real College. Real World. Real You.69

Documents

Budget - Wisconsin Indianhead Technical College · 2011/12 combined budget summary 31 2011/12 budgetary statements of resources, uses, and changes in fund balance General fund 32