2004-05
Activity Plan and Budget
Milwaukee
Area
Technical
College
District
■
Milwaukee,
Wisconsin
EQUAL OPPORTUNITY AND AFFIRMATIVE ACTION COMMITMENT
MATC’s commitment to equal opportunity in admissions, educational programs,
and employment policies assures that all individuals are included in the diversity
that makes the college an exciting institution. MATC does not discriminate
against qualified individuals in employment or access to courses, programs, or
extracurricular activities on the basis of race, color, national origin, ancestry,
religion, creed, sex, sexual orientation, age, disability, pregnancy, marital status,
parental status, or other protected class status. The lack of English skills shall
not be a barrier to admission or participation in any MATC program or service.
MATC will comply fully with state and federal Equal Opportunity and Affirmative
Action laws, executive orders, and regulations. Direct questions concerning
application of this policy to the Affirmative Action office, 700 West State Street,
Milwaukee, Wisconsin 53233-1443, telephone 297-6528.
MATC also complies with all Americans With Disabilities Act provisions and
makes reasonable accommodations upon request. Further information may be
obtained by calling 297-6874.
MILWAUKEE AREA TECHNICAL COLLEGE
2004-05 ACTIVITY PLAN AND BUDGET
Fiscal Year 2004-05
Members of the Board
Mark S. Maierle
Lauren Baker
Bobbie R. Webber
Peter G. Earle
Jeannette Bell
Linda S. Sowell
Carl A. Gobel
William H. Hughes
Keith B. Terry
Chairperson
Vice-Chairperson
Secretary
Treasurer
Administrators
Darnell E. Cole, Ph.D.
Luis “Tony” Baez, Ph.D.
Ellis Bromberg
Christy L. Brown
Theresa Barry
Robert S. Hartung
Richard L. Kettner, Ph.D.
Nina Jo Look, Ph.D.
Vacant
James R. Walsh
President
Provost
General Manager, Public Television
Vice President, General Counsel
Vice President, Student Services
Vice President, College Advancement
Vice President, West Campus
Vice President, North Campus
Vice President, Finance
Vice President, South Campus
Official Issuing Report
Craig Piotrowski, Interim Vice President, Finance
Assisted by:
Renee M. Dudley, CPA, Controller
Kathleen A. Brehmer, Budget Manager
Teresa R. Sartin, Assistant, Finance
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MILWAUKEE AREA TECHNICAL COLLEGE
2004-05 ACTIVITY PLAN AND BUDGET
TABLE OF CONTENTS
Section I – Introduction and Policy
Transmittal Letter to District Citizens .....................................................................
The Planning and Budgeting Process ...................................................................
2004-05 Assumptions ............................................................................................
Vision, Mission, Purposes and Strategic Goals .....................................................
Key Performance Indicators...................................................................................
Budget Analysis......................................................................................................
Position Summary .................................................................................................
Organizational Chart ..............................................................................................
Board Members......................................................................................................
Administration.........................................................................................................
WTCS Map.............................................................................................................
MATC District Map .................................................................................................
Student and Campus Statistics..............................................................................
Summary of Financial Policies ...............................................................................
FY 2004-05 Plan and Budget Development Calendar ..........................................
Class I Legal Notice - Budget Summary and Notice of Public Hearing.................
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Section II – Financial Data
Combined Budget Summary..................................................................................
Combining Budget Summary .................................................................................
Major Categories of Revenues and Expenditures .................................................
Description of Basis of Accounting ........................................................................
2004-05 Budgetary Statements of Resources, Uses, and Changes in
Fund Balance:
General Fund .............................................................................................
Special Revenue Fund–Operational..........................................................
Special Revenue Fund–Non-Aidable ........................................................
Capital Projects Fund.................................................................................
Debt Service Fund .....................................................................................
Enterprise Fund..........................................................................................
Internal Service Fund.................................................................................
Budget Expenditures by Classification Level.........................................................
Debt Retirement Schedule .....................................................................................
Capital Projects for FY 2004-05.............................................................................
Pro Forma Balance Sheet - June 30, 2004 ...........................................................
Pro Forma Balance Sheet - June 30, 2005 ...........................................................
Description of Fund Balance Reserves .................................................................
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MILWAUKEE AREA TECHNICAL COLLEGE
2004-05 ACTIVITY PLAN AND BUDGET
TABLE OF CONTENTS
Section III - Supplemental Data
Property Tax Levies, Equalized Value, and Tax Rates .........................................
FTE Information......................................................................................................
Program Offerings ..................................................................................................
Equalized Value by Municipality.............................................................................
Demographic Statistics for Milwaukee and Ozaukee Counties.............................
Course Fee History ................................................................................................
Program Graduate Follow-Up Statistics.................................................................
Special Revenue Fund Supplemental Schedules:
Non-Aidable (Non-Financial Aid Activities)................................................
Non-Aidable (Student Financial Aid Activities) ..........................................
Enterprise Fund Supplemental Schedules:
Non-Television Activities ...........................................................................
Public Television Activities.........................................................................
Operating Budget Summary of Revenues .............................................................
Operating Budget Summary of Expenditures ........................................................
MATC Tax on $100,000 House .............................................................................
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SECTION I
INTRODUCTION AND POLICY
700 West State Street
Milwaukee, WI 53233-1443
414-297-6600
www.matc.edu
matc
Milwaukee Area Technical College
June 22, 2004
To the Citizens of the Milwaukee Area
Technical College District
This document sets forth the activity plans and supporting budget of the Milwaukee
Area Technical College District (MATC) for the 2004-05 fiscal year (FY). With
teaching and learning as its priority, MATC’s Board of Directors, administration,
staff, and faculty are committed to meeting the technical and vocational training
needs of our citizens and businesses. MATC understands that without a trained,
high-skilled workforce, the economic and social strength of the district and
surrounding communities will suffer. MATC’s activity plans and budget for FY 200405 will continue MATC’s long history of providing high-quality training that meets the
needs of business and industry.
Before sharing the details of our plans for FY 2004-05, it is important to
acknowledge the accomplishments and results from a successful year. A year
where successes reflect MATC’s competent and highly-motivated employees;
exemplary planning processes; continuous improvement; shared decision making;
and commitment to teaching and learning. A year of successes that include, but
are not limited to:
♦
♦
♦
♦
♦
♦
Increased admission applications for the 2003-2004 academic year by 24.7%.
Continued donations from business industry with equipment contributions
increasing 339% over the same period last fiscal year.
Remodeled and equipped two new Nursing labs at the Mequon and West Allis
campuses to offer both Associate Degree Nursing and Nursing Assistant
courses.
Offered Bilingual Medical Terminology in Spanish and Hmong. Added Bilingual
Phlebotomy and Bilingual Management Development programs in cooperation
with the Hispanic Chamber of Commerce. Will expand Bilingual Nursing
Assistant Program and offer sections as a precursor to summer Bilingual
Academy.
Meeting the demand of apprentice program with Spanish instruction by hiring a
part-time Spanish instructor. The college is currently searching for a full-time
bilingual instructor.
Developed a plan for offering community programs and MATC courses for the
citizens of the Germantown area. Three MATC classes were offered during
spring 2004.
♦
♦
♦
♦
♦
♦
Expanded partnerships with Community and Faith-based organization by
providing the Office Technology Certificate (Community Justice Center and
Interfaith). The first cohort of students completed the Certificate in Spring
2003.
Increased online and blended courses with student use of online courses up
25%.
Improved curriculum alignment with MATC and UWM entry level college
courses to facilitate student transitioning and articulation. One hundred precollege students per year will transition into degree/diploma programs at MATC
and/or UWM.
MPTV close captioned all distributed programs. Developed two new production
partnerships – MPS wrestling special and MPTV/ECB presidential candidate
interviews in 2004.
Enhanced business partnerships by moving the State Apprenticeship field
agent’s office to the South Campus.
Increased federal grant funding for health occupations.
As successful as the year was, 2003-04 presented continuing financial challenges.
Modest property tax growth, coupled with the operational mill rate limitations and
reduced general state aid, resulted in support services reductions. As a result of
these funding limitations, student and business service demands continued to
exceed capacity. Our commitment to teaching and learning through the provision of
quality programs and services will continue to be our primary focus while ensuring
our resources are used efficiently and effectively.
In 2004-05, we will continue to face financial challenges due to funding constraints
and double-digit increases in health care. We will continue to seek innovative ways
to reduce expenses and find alternative funding sources while growing our core
efforts in teaching and learning. The funding constraints are primarily the result of
decreasing state and federal support and limited taxing authority. State aid for
MATC and the Wisconsin Technical College System (WTCS) has steadily declined
from 35 percent (in 1980) to less than 20 percent (in 2003-04).
The proposed 2004-05 budget includes total expenditures of $285 million, a 7
percent increase over the current year budget of $266 million. The proposed
property tax levy of $117 million represents an increase of $5.481 million or 4.9
percent over last year. The proposed tax rate of 1.94 is a decrease of 1.5 percent
when compared to last year’s rate.
Despite limited resource growth potential, the MATC Board of Directors,
administration, staff, and faculty remain committed to MATC’s focus on teaching
and learning. In 2004-05, resource reallocations will be used to focus on the
following strategic goals:
♦
♦
Reduce student financial burden with a 30% increase in educational
scholarships.
Continue to develop, update, and implement the college’s new website.
Phase I of this initiative is complete and live.
♦
♦
♦
♦
♦
♦
♦
♦
♦
Improve MATC Foundation involvement in the community with increased
participation with outside businesses and organizations.
Develop a Biotechnology Program at MATC by offering Introduction to
Biotechnology in Fall 2005. Initiatives will include conducting market surveys of
biotech needs in southeastern Wisconsin along with preparing and submitting
program paperwork to WTCS.
Develop a Nanotechnology Program in FY05 to include dedicating a full-time
instructor to initiate program development, create courses, and conduct market
surveys of nanotech needs in MATC programs and southeastern Wisconsin.
Present new and high-quality programming by producing and marketing local
student programs in HDTV.
New Customer Information Specialist Program and Advanced Mobile
Commerce Certificate to be offered at the Oak Creek Campus.
Develop short-term Multicultural program for Carpentry and Cabinetmaking.
Create online courses for all Fire and Police Science Associate degree
offerings.
Work with International Education representatives to provide opportunities for
students, faculty, and administrators to participate in foreign exchange
activities.
Exploration of a Renewable Energy Technology Center at the Mequon
Campus.
We firmly believe the goals, strategies, and financial plan summarized on the
following pages fulfill the needs, priorities, and commitment to providing high-quality
technical education and services. Your participation in our planning processes and
suggestions for improving MATC’s programs and services is critical to our success.
Respectfully submitted,
Mark S. Maierle
Chairperson
Darnell E. Cole, Ph.D.
President
MILWAUKEE AREA TECHNICAL COLLEGE
The Planning and Budgeting Process
The annual budget is a key element of MATC’s planning and control system. The
Three-Year Plan document that each division completes is the cornerstone of this
process. While the planning document is updated each year, the basic focus of the plan
is to ensure each division’s goals are in alignment with the strategic goals of the college.
In this plan, the budget managers were asked to form a planning team, which included a
broad representation of members with an emphasis on those impacted by the plan. In
addition, the teams were asked to identify what other divisions or departments would be
impacted by their plan and to include them in the planning process. The operational
three-year planning documents demonstrate how the department’s/division’s planning and
budget processes are linked. These forms were completed by all division/department
leaders.
As part of this planning process, each area was required to complete a self-assessment of
past performance, as well as to identify annual plans with measurable objectives. The
monitoring of these measurable objectives and reporting will help the division/department
move in tandem with the strategic goals and provide valuable input for next year’s
planning process.
The President’s Budget Council, comprised of the president of the college, the presidents
of Local 212, 587, and 715, vice presidents of the campuses, and the champions for the
strategic planning goals, reviewed the budget assumptions for FY 2004-05. The council
held FY 2004-05 budget hearings with division/department leaders and also reviewed
budget balancing strategies and progress on the strategic planning goals, objectives, and
strategies.
Another program planning and evaluation system for MATC exists in the citizen advisory
committees that support each vocational and technical education program. The advisory
committees are composed of business, industry, and labor representatives, as well as
past and present students. Each committee provides the district with a review of its
curriculum, instructional methods, facilities and staff, and feedback as to how well the
program meets the needs and expectations of business and industry.
At the present time, the district has 93 separate advisory committees with 927 citizen
representatives in membership. MATC is unique as a public institution in the large
number of citizens who are involved on a regular and systematic basis in the planning,
development, and review of its educational programs. The input and advice from these
committees are an integral part of the strategic planning and budgeting process.
MILWAUKEE AREA TECHNICAL COLLEGE
2004-05 Assumptions
In preparing the FY 2004-05 budget, a number of planning assumptions and guidelines
were developed so that all managers were operating from a common base of
understanding. These assumptions and guidelines included:
♦ Enrollment Assumptions
•
Full-time equivalent enrollment (FTE) of 13,300 for FY 2004-05; this is an increase
of 100 FTEs from the FY 2003-04 level.
•
Programs and services will be offered at the four primary campuses, at eleven
satellite locations, online and via MATC’s two public television stations—
WMVS/WMVT.
♦ Fiscal Assumptions
•
Revenue:
1) The total equalized value of District property will increase 6.5 percent.
2) Total state revenue will decrease about 0.5 percent due to no increase in the
state aid appropriation and the characteristics of the state aid distribution
formula.
3) Tuition and fee rates will increase about 8 percent based on tuition and fee
rates established by the WTCS Board and other student fee rates established
by MATC.
4) Federal revenues (exclusive of financial aid) are anticipated to remain flat with
no significant changes.
•
Expenditure levels will emphasize resource reallocation to fund the following:
1) Compensation and benefit increases for employees.
2) Marketing, parking, and insurances.
3) Capital acquisitions are budgeted at $30.8 million, as the MATC continues to
finance needed new technologies for education and support services as well as
a new Applied Technology Center.
MILWAUKEE AREA TECHNICAL COLLEGE
2004-05 Assumptions (Cont.)
♦ Programming Assumptions
•
Priority consideration will be given to the maintenance and/or expansion of
programs and services supporting the highest priority mission objectives of MATC.
These include:
1) Programs/services with high student demand and job placement potential;
2) Programs/services related to emerging growth occupations in the Milwaukee
labor market;
3) Programs/services which support economic development efforts of the
Milwaukee area;
4) Programs/services which serve the needs of minorities, handicapped, and
others with special educational needs;
5) Programs/services which provide developmental instruction through basic skills
and crossover.
•
Priority consideration will be given to the reduction or elimination of programs and
services not in line with the highest priority mission objectives of MATC. These
include:
1) Programs/services with marginal or declining job placement;
2) Programs/services with marginal or declining student interest or enrollments;
3) Programs/services where it is becoming increasingly difficult to maintain high
quality standards;
4) Programs/services where the costs appear to outweigh the benefits;
5) Services with a non-educational objective; that is, those of a "social service"
nature not related to the educational priorities of the district.
•
Priority consideration should be given to achieving more efficiency or productivity
through the redefinition, reorganization, and restructuring of administrative and
instructional functions.
MILWAUKEE AREA TECHNICAL COLLEGE
Vision, Mission, Purposes and Strategic Goals
MATC Vision
MATC is committed to being a world-class educational institution that empowers
students, faculty, and staff to realize their potential.
Mission
MATC is a publicly supported comprehensive higher education institution committed to
increasing the potential and productivity of the people in its district through the delivery
of high-quality instruction and programs which are consistent with current and emerging
educational and labor market needs. General Education is an integral part of MATC
programs which provides the knowledge and conceptual abilities that college-educated
adults must have to achieve in occupational skills training and to perform more
effectively in the demanding, complex world in which they live.
Purposes
•
Occupational programs and courses to prepare students for entry or reentry into the
job market or to pursue further education.
•
Education, training, and retraining which is necessary to maintain employability in a
technically changing workplace.
•
Liberal Arts and Science courses to complement occupationally specific instruction
and to provide a transfer option for those who choose to pursue further education at
an upper division college or university.
•
Developmental education in basic skills where necessary for effective participation in
occupational training, in employment, and in further higher education.
•
Coordination, cooperation, and contracting with business, industry, labor;
elementary, secondary, and higher education; and governmental agencies to
provide educational opportunities to residents of the district.
•
Education programs and technical assistance to support the economic development
efforts within the district.
•
Opportunities for personal, civic, and multicultural enrichment through courses and
activities to improve the quality of life for residents of the district.
MILWAUKEE AREA TECHNICAL COLLEGE
Vision, Mission, Purposes and Strategic Goals (Cont.)
•
Flexible instructional deliver systems designed to meet the unique and changing
needs of the learner.
•
Programs focused on creating an understanding of the global economy and
enhancing the international competitiveness of the district's business and industry.
Strategic Planning Goals
MATC’s activity plan for FY 2004-05 links operational activity plans with MATC’s
strategic planning goals. Strategic planning is a long-range planning process for
reaching agreement on the goals, resources and strategies required to move towards
the realization of the MATC vision and accomplishment of the MATC mission. The
strategic planning goals are:
Goal: Learner Driven
Improve processes to align instruction and curriculum to meet the changing needs of
the workforce in high demand areas.
Goal: Innovative Enrollment Management & Student Support
Maximize the recruitment and success of a well prepared and diverse student body in a
supportive campus climate.
Goal: Strong Partnerships
Be recognized as an essential and effective educational partner in the community.
Goal: An Essential Communications Resource
Present new, high-quality programming and educational opportunities to citizens of
southeastern Wisconsin through the college’s public broadcasting service.
Goal: Optimized Human Resources
Improve college’s human resource activities to maintain a high-performance workplace.
Goal: Maximized Financial Resources
Increase college’s financial potential to ensure sustainability and provide a learning
environment that is operated efficiently and effectively.
Goal: Strengthen Physical Resources
Strengthen the physical assets of the District to accommodate current and future
learning needs in an inviting environment that integrates with the Communities’
neighborhoods and redevelopment plans.
MILWAUKEE AREA TECHNICAL COLLEGE
Vision, Mission, Purposes and Strategic Goals (Cont.)
Objectives and Strategies
The FY 2003-07 preliminary objectives for each strategic planning goal are listed below.
Strategies are reviewed by the college community and finalized by the champion of
each goal.
Furthermore, objectives and strategies are continuously validated
throughout the year. Based on environmental scan data, revisions to the plan are made
annually.
Learner Driven:
Objective 1:
Continue efforts to expand faculty and staff capacity to fully
implement the student outcomes assessment plan and other
features of the learning college.
Objective 2:
Increase courses/programs that are provided by alternative
delivery.
Objective 3:
Accelerate program repackaging to include laddering from shortterm to diploma to associate degree.
Objective 4:
Develop innovative strategies to address the increased need for
pre-college education, ESL, bilingual and basic skills programs.
Objective 5:
Continue to implement the tenets of the Learning College with a
focus on greater student involvement in course/program
improvement.
Objective 6:
Continue to improve program review/evaluation process.
Objective 7:
Expand articulation agreements with other educational institutions
to improve the transfer success rate.
Objective 8:
Develop and implement the MATC Academic Plan.
Innovative Enrollment Management & Student Support:
Objective 1:
Implement an integrated marketing communication and enrollment
management system based on research analysis.
Objective 2:
Optimize enrollments in programs/courses through highly responsive
recruitment strategies for high school and adult populations.
MILWAUKEE AREA TECHNICAL COLLEGE
Vision, Mission, Purposes and Strategic Goals (Cont.)
Objective 3:
Strengthen and improve admissions, financial aid, assessment, and
registration.
Objective 4:
Strengthen support processes for student success in conjunction
with Student Services, academic units, and other service areas of
the college.
Objective 5:
Implement MATC web portal.
Strong Partnerships
Objective 1:
Focus on business and partnership relationships that advance the
College mission.
Objective 2:
Stimulate Workforce Development efforts in the community.
Objective 3:
Advance Southeastern Wisconsin economic development.
An Essential Communications Resource:
Objective 1:
Identifying funding for and manage the transition of WMVS and
WMVT to digital broadcasting.
Objective 2:
Partner with community resources and seek local input in developing
new programs and services that are responsive to diverse needs.
Objective 3:
Identify new opportunities for students and lifelong learners of the
college and community that utilize the facilities and broadcasts, and
new media developed by, WMVS and WMVT.
Optimized Human Resources:
Objective 1:
Focus on supporting quality employee performance.
Objective 2:
Determine effective and efficient administrative structure and
processes for Human Resources and Labor Relations Division.
Objective 3:
Promote an atmosphere of respect, inclusiveness, and equality.
MILWAUKEE AREA TECHNICAL COLLEGE
Vision, Mission, Purposes and Strategic Goals (Cont.)
Maximized Financial Resources:
Objective 1:
Increase operational resources to enhance short and long-term
financial position.
Objective 2:
Improve leadership systems through continual realignment of
organizational structures that promote managerial accountability and
equity among campuses.
Objective 3:
Improve internal processes to realize efficiencies.
Strengthen Physical Resources:
Objective 1:
Revise the facilities master plan to align with the Strategic and
Academic Plan.
Objective 2:
Increase utilization and/or explore the expansion of physical
resources for increased enrollment and retention initiatives.
Objective 3:
Create a physical presence that is welcoming at all campuses and
enhances the image of the college.
Objective 4:
Partner with the community in developing neighborhoods that are
adjacent to the college.
Objective 5:
Create a facilities and transportation access
accommodates students, staff and the community.
plan
that
MILWAUKEE AREA TECHNICAL COLLEGE
Key Performance Indicators
To determine if we are meeting the mission and purposes of the college, key
performance indicators (KPI) were identified to measure our effectiveness. KPIs are
defined as a measure of an essential outcome of a particular institutional performance
activity, or an important indicator of a precise health condition of an environment. The
KPIs developed for this plan are determined by internal data gathered as well as
benchmarking against various performance indicators from the WTCS and other
comparable national models. By defining measures for these KPIs and finding the gap
between our mission and our performance, strategic goals may be developed. The
strategic goals for 2003-07 are included in the plan to demonstrate alignment of mission
and purposes of MATC.
The Key Performance Indicators Plan
The KPI plan is based on MATC’s mission and purpose statements (Board Policy
A0101) which have been adopted in accordance with Wisconsin State Statute 38.001.
The plan includes KPIs to measure if we are meeting our purposes are also included, as
well as the 2003-07 Strategic Planning Goals. The KPI plan is currently being revised
and will be available for use during the 2004-05 fiscal year.
MILWAUKEE AREA TECHNICAL COLLEGE
Budget Analysis
The consolidated budget for MATC consists of seven separate fund budgets. Given that
a number of funds—i.e., Debt Service, Internal Service and Enterprise—are related to
functions quite independent from the general operating activities of MATC, a single
consolidated budget encompassing all funds does not provide a totally adequate tool for
the review and evaluation of the financial status of MATC. For that reason, Section II of
this budget document focuses on a fund-by-fund presentation and analysis.
The FY 2004-05 budget shows anticipated total operating revenues (General and Special
Revenue – Operational Funds) of approximately $161.7 million, representing a 6.0
percent increase when compared to FY 2003-04 projected revenues of $152.5 million.
Revenue Projections
In building the FY 2004-05 budget, the most probable revenue projections were used. A
discussion of each projected revenue source follows.
♦ Tax Levy
•
The proposed FY 2004-05 budget includes a total tax rate of $1.9449 per $1,000 of
equalized property value. This is a decrease of 1.5 percent from prior year’s tax
rate of 1.9746. The total tax rate includes $1.50 for operations and $0.4449 for
debt service. The tax rate for operations may not exceed $1.50 per state statute.
•
The tax levies provided by the rates noted above are $90,532,000 for operations
and $26,854,000 for debt service, an increase over prior year’s budget of 8.2
percent for operations and a decrease of 4.8 percent for debt service. In total, the
tax levy is projected to increase 4.9 percent.
♦ State
•
General state aid for operating purposes is projected to be $25.8 million, a
0.5 percent reduction from state aid expected for FY 2003-04 of $25.9 million. The
decline in state aid is due to no increase in the aid appropriation and characteristics
of the state aid distribution formula. State aid is distributed through a complex
equalized formula that is affected by relative conditions in the other 15 WTCS
districts. This projection appears most probable but could vary from the projection
depending on changes in conditions in the other districts during the budget year.
•
MATC continues to aggressively seek funding from various state sources.
MILWAUKEE AREA TECHNICAL COLLEGE
Budget Analysis (Cont.)
♦ Fees and Tuition
•
The fees and tuition revenue in the General Fund of $30.6 million compares to the
current year projection of $28.4 million based on a projected increase in tuition
rates and an increase in college enrollments. College parallel will increase by
6.2 percent and vocational tuition will increase by 8.6 percent as determined by
state statute.
♦ Interest, Contracts, and Other Income
•
These sources of income within the General Fund are projected to decrease due to
low interest rates and drops in contract and parking revenue.
♦ Federal
•
Federal revenues are expected to remain flat for FY 2004-05 with no significant
increases.
♦ Note Borrowing
•
The proposed FY 2004-05 budget anticipates borrowing of $28,500,000. This
includes $7,000,000 for annual renovation and remodeling projects, $13,200,000
for capital equipment, $3,300,000 for public television activities, and $5,000,000 for
an applied technology center.
Expenditures
♦ The consolidated budget displays institutional expenditures within seven functional
categories. This is a uniform classification required by the State Board and is part of
the Federal IPEDS (Integrated Postsecondary Education Data System) reporting
system.
♦ The operating subtotal for FY 2004-05 (General and Special Revenue – Operational
Funds) is projected at $160.3 million compared to the current FY 2003-04 estimated of
$154.6 million.
The goal of the financial information section of this document is to present what is
essentially a very complex set of governmental accounting statements in a simplified
format to facilitate public review.
MILWAUKEE AREA TECHNICAL COLLEGE
Position Summary - FTE Basis (1)
2004-05
Special
Revenue
Proprietary
Funds
Fund
2002-03
Actual
2003-04
Estimated
General
Fund
Administrator/
Supervisors
80
80
68
3
Teachers
574
593
574
19
593
Specialists
21
21
20
1
21
Sub-Total Educational
675
694
662
23
7
692
Other Staff
773
734
525
75
138
738
1,448
1,428
1,187
98
145
1,430
Category
Total
(1) Based on authorized full-time positions.
7
TOTAL
78
Milwaukee Area Technical College
Organizational Chart
Board of Directors
President
Campus Vice President
Vice President
General Counsel
Mequon
Campus Vice President
Associate Vice President
Information Technology
Oak Creek
Campus Vice President
General Manager
West Allis
Vice President
College Advancement
Milwaukee Public Television
Vice President
Finance
Provost
Vice President
Student Services
MILWAUKEE AREA TECHNICAL COLLEGE
Board Members
Board
Officer
Name
Membership
Type
Term
Expires
Employer and Position
Mark S. Maierle*
Chairperson
Employee
6/30/04
International Union of
Operating Engineers Local
317
Business Manager
Lauren Baker
ViceChairperson
Additional
Member
6/30/05
Trade and Technical
Education – MPS
Program Coordinator
Bobbie R. Webber
Secretary
Employee
6/30/06
Milwaukee Fire Department
Captain
Peter G. Earle*
Treasurer
Employer
6/30/04
Law Offices of Peter Earle
Jeannette Bell
Elected
Official
6/30/05
City of West Allis
Mayor
Linda S. Sowell
Employer
6/30/06
Potawatomi Bingo Casino
Public Relations Director
Carl A. Gobel
Additional
Member
6/30/05
Semi-retired, independent
consultant
William H. Hughes
Additional
Member
6/30/06
Greendale School District
Superintendent
Keith B. Terry*
Additional
Member
6/30/04
Keith B. Terry Construction
Services, Inc.
Chairman
NOTE:
The composition and number of MATC District Board members are stipulated by
Wisconsin law. The membership must have representatives of employers, employees,
elected officials, and a school district administrator.
*Mr. Maierle’s, Mr. Earle’s, and Mr. Terry’s term expires June 30, 2004. Mr. Maierle and Mr. Earle have
received reappointments, expiring June 30, 2007; Mr. Terry will be replaced by Mr. Lenard Wells, effective
July 1, 2004.
MILWAUKEE AREA TECHNICAL COLLEGE
Administration
Darnell E. Cole, Ph.D.
President
Luis “Tony” Baez, Ph.D.
Provost
Ellis Bromberg
General Manager, Public Television
Christy L. Brown
Vice President, General Counsel
Theresa Barry
Vice President, Student Services
Robert S. Hartung
Vice President, College Advancement
Richard L. Kettner, Ph.D.
Vice President, West Campus
Nina Jo Look, Ph.D.
Vice President, North Campus
Vacant
Vice President, Finance
James R. Walsh
Vice President, South Campus
MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT
Student and Campus Statistics
District Students
The average age of our students is 28 years, and they come from all backgrounds.
Approximately 98 percent of our students work in Wisconsin after graduation. Our
students have about an 86 percent employment rate, and 76 percent of our students are
employed within the program area from which they graduated.
District Campuses
In addition to the main campus in Milwaukee, the District also operates three other
campuses as well. These locations and square footages are summarized as follows:
(Unaudited)
Campus
Location
Under Roof
Square
Footage
Milwaukee
Campus
700 West State Street
Milwaukee, WI 53233
North Campus
5555 West Highland
Road
Mequon, WI 53092
202,674
6665 South Howell
Avenue
Oak Creek, WI 53154
318,503
South Campus
West Campus
1200 South 71st Street
West Allis, WI 53214
Total for District
2,247,563
177,065
2,945,805
Prepared by District Staff from information supplied by departments of Finance,
Construction Services, and Employment Development Center.
MILWAUKEE AREA TECHNICAL COLLEGE
Summary of Financial Policies
Cash Management
•
The MATC Board has established a goal of maintaining a fund balance designated for
operations between 10 and 15 percent of budgeted general fund revenue. At
June 30, 2005, the fund balance designated for operations is projected to be at 9.7
percent. Strategies are being developed to return the fund balance to the level targeted
by the Board.
•
MATC and its financial advisor, Robert W. Baird & Company, and its investment
manager, M&I Investment Management Corporation, continue their comprehensive
approach to investment strategies. Cash management and investment strategies have
been developed to limit risk while receiving a competitive yield. The portfolio, which is
held by MATC’s agent, includes the highest and second highest rated commercial paper,
the Financial Square Government Obligations Fund managed by Goldman Sachs Asset
Management and U. S. Treasury notes and bills. We believe that this diversified
approach enhances the security of MATC’s deposits and investments.
Fixed Assets
•
The fixed assets are accounted for in either the general fixed assets account group or
the Enterprise Fund. The assets related to activities accounted for in the General,
Special Revenue, Debt Service and Capital Projects Funds are all part of the general
fixed asset account group. The fixed assets of the Enterprise Fund, which includes such
activities as public television, bookstore, child care, and food service, are accounted for
in that fund.
•
Fixed assets are classified in four categories: land and land improvements; building and
building improvements; fixed equipment; or moveable equipment. In the Enterprise
Fund, building improvements, equipment and furniture are depreciated on a straight-line
basis. All other fixed assets of the general fixed assets account group are accounted for
at their original cost (or fair market value at the time of donation) until disposed of.
•
Costs for any item, unit or set are purchased through the Capital Projects Fund if they
are valued at $500 or more and have a useful life of two years or more. Also capitalized
are items that add value to a fixed asset, prolong the useful life of a fixed asset for more
than one year, or adapt a fixed asset to a new or different use. Any of these items that
cost $5,000 or more are transferred to fixed assets and depreciated.
MILWAUKEE AREA TECHNICAL COLLEGE
Summary of Financial Policies (Cont.)
Annual District Audit
•
Annually, MATC is required to undergo an audit of its accounting records and financial
statements. Upon completion, the auditors present the audit report and management
letter to the MATC Board for examination and appropriate action. The last audit of
MATC was completed on September 25, 2003, for the fiscal year July 1, 2002, to
June 30, 2003. The result was an unqualified opinion; that is, the auditors found the
financial statements fairly represented the financial position of MATC.
•
In addition, an audit of all federal and state financial assistance is performed in
accordance with the Single Audit Act of 1996. The single audit of federal and state
financial assistance for the year ended June 30, 2003, also received an unqualified
opinion. MATC is designated as a low-risk auditee. The auditors found no instances of
noncompliance and no reportable conditions nor material weaknesses in internal
controls over major programs.
MILWAUKEE AREA TECHNICAL COLLEGE
FY 2004-05 Plan and Budget Development Calendar
December 2003
January 2004
February
March
April
May
June
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
October 2004
•
Develop budget/planning assumptions
Review planning process
Develop initial budget allocations
Finalize integrated three-year planning/budget document
Distribute FY05 three-year planning/budget document and initial
operating allocations to divisions
Distribute FY05 budget instructions to divisions
Budget/planning assumptions to board
Three-year plans due to strategic planning and budget offices
Completed FY05 budgets due in budget office
Board—present results of planning assumptions and any known
adjustments
Division vice presidents’ meetings with district administration
Publish legal notice
Board—finalize preliminary (pre-public hearing) budget and strategies
Receive feedback from public hearing and incorporate into budget as
appropriate
Board adopts FY05 budget subject to change based on final
equalized valuation
After final equalized valuation is received, board adopts final tax levy
and approves budget adjustments as necessary
Budget Modifications
Budgets are approved by the MATC Board by fund and function. Modifications to the
approved budget requiring Board action are generally considered at the Board's October,
January, March, and June meetings. Management has the ability to make budget adjustments
within functional categories.
These budget modifications are published in the Milwaukee Journal/Sentinel in a Class I Legal
Notice 10 days after the Board meeting. Under Wisconsin statutes, the Board must approve
the budget modifications by a two-thirds majority.
Milwaukee Area Technical College District
Class I Legal Notice
NOTICE OF PUBLIC HEARING
For The Budget Year Ended June 30, 2005
A public hearing on the proposed 2004-05 budget for the Milwaukee Area Technical College District will be held on June 1, 2004, at 5:00 p.m. in Board Room M210 at the Milwaukee Campus,
700 West State Street, Milwaukee, Wisconsin. The detailed budget will be made available for public inspection at the district budget office, 700 West State Street. For more information, contact
Craig Piotrowski, CPA, Interim Vice-President, Finance, at (414) 297-6492 (via e-mail at piotrowc@matc.edu) or Renee Dudley, CPA, Controller, at (414) 297-6663 (via e-mail at dudleyr@matc.edu).
PROPERTY TAX AND EXPENDITURE HISTORY
Equalized
Year
Mill Rates
Valuation
2001
$
2002
2003
2004
2005 (1)
45,957,548,000
49,963,299,000
53,150,104,000
56,671,147,000
60,354,772,000
Total
Percent
Operational(2)
Debt Service
Mill Rate
Inc./(Dec.)
1.50000
1.50000
1.50000
1.47700
1.50000
0.52840
0.52640
0.50710
0.49760
0.44494
2.02840
2.02640
2.00710
1.97460
1.94494
-0.10%
-0.95%
-1.62%
-1.50%
Total
Year
2001
2002
2003
2004
2005
$
Expenditures
Percent
Tax
Percent
All Funds (3)
Inc./(Dec.)
Levy (4)
Inc./(Dec.)
93,218,000
101,246,000
106,678,000
111,905,000
117,386,000
8.61%
5.37%
4.90%
4.90%
233,447,000
245,063,000
252,411,000
266,279,000
289,179,000
$
4.98%
3.00%
5.49%
8.60%
Tax on
$100,000 House
$
202.84
202.64
200.71
197.46
194.49
BUDGET/FUND BALANCE SUMMARY - ALL FUNDS
Tax Levy
$
Other Budgeted Revenues
Special
Special
Revenue
Revenue
Capital
Debt
General
Fund -
Fund -
Projects
Service
Enterprise
Service
Fund
Operational
Non-Aidable
Fund
Fund
Fund
Fund
88,791,000
$
1,041,000
$
-
$
- $
Internal
23,260,000
$
4,294,000
$
Total
-
$
117,386,000
61,445,000
10,459,000
20,977,000
2,257,000
343,000
18,677,000
27,382,000
141,540,000
Subtotal
150,236,000
11,500,000
20,977,000
2,257,000
23,603,000
22,971,000
27,382,000
258,926,000
Budgeted Expenditures
152,354,000
11,500,000
20,977,000
27,457,000
21,423,000
28,637,000
26,831,000
289,179,000
-
-
(25,200,000)
2,180,000
(5,666,000)
Excess of Revenues
Over Expenditures
(2,118,000)
Proceeds from Debt
Other Sources(Uses)
551,000
(30,253,000)
-
-
-
25,200,000
-
3,300,000
-
28,500,000
(579,000)
-
-
-
-
579,000
-
-
Est. Fund Balance 7/1/04
$
15,529,000
$
1,255,000
$
1,675,000
$
1,380,000 $
16,191,000
$
3,338,000
$
1,527,000
$
40,895,000
Est. Fund Balance 6/30/05
$
12,832,000
$
1,255,000
$
1,675,000
$
1,380,000 $
18,371,000
$
1,551,000
$
2,078,000
$
39,142,000
(1) Based on projected valuation increase of 6.5%.
(2) The operational mill rate may not exceed 1.500 per s. 38.16 of the Wisconsin Statutes.
(3) Years 2001 through 2003 represent actual amounts on a budgetary basis, 2004 is estimated based on 9 months actual and 3 months estimated, and 2005 is the
proposed budget.
(4) The final tax levy will be set in October, 2004.
(Continued)
Milwaukee Area Technical College District
Class I Legal Notice of Public Hearing
BUDGET SUMMARY
Budget Fiscal Year 2004-05
2002-03
Actual(5)
76,275,000 $
27,128,000
23,021,000
1,662,000
1,791,000
4,927,000
85,000
134,889,000
GENERAL FUND
2003-04
2003-04
Budget
Estimated(6)
79,747,000 $
82,189,000 $
26,417,000
25,954,000
25,260,000
24,404,000
1,908,000
1,824,000
2,048,000
2,123,000
6,007,000
5,006,000
75,000
85,000
141,462,000
141,585,000
2004-05
Budget
88,686,000
25,824,000
26,550,000
1,839,000
2,246,000
5,006,000
85,000
150,236,000
92,554,000
3,493,000
13,285,000
12,404,000
13,120,000
134,856,000
96,024,000
3,842,000
13,271,000
14,511,000
13,814,000
141,462,000
104,563,000
3,947,000
15,009,000
14,013,000
14,822,000
152,354,000
33,000
-
(1,929,000)
(2,118,000)
33,000 $
- $
(1,929,000) $
(579,000)
(2,697,000)
TRANSFERS TO (FROM) FUND BALANCE:
Designated for Operations
33,000
-
(1,929,000)
(2,697,000)
Total Transfers To (From) Fund Balance
$
33,000 $
- $
(1,929,000) $
(2,697,000)
Beginning Fund Balance
$
17,425,000 $
17,458,000 $
17,458,000 $
15,529,000
Ending Fund Balance
$
17,458,000 $
17,458,000 $
15,529,000 $
12,832,000
REVENUES:
Local Government
State Aids
Program Fees
Material Fees
Other Student Fees
Institutional
Federal
Total Revenue
$
EXPENDITURES:
Instruction
Instructional Resources
Student Services
General Institutional
Physical Plant
Total Expenditures
Net Revenue (Expenditures)
OTHER SOURCES (USES)
Operating Transfer In (Out)
Total Other Sources (Uses)
$
98,496,000
3,718,000
14,138,000
13,200,000
13,962,000
143,514,000
% Change
2004-05
Budget to
ALL FUNDS
2003-04
Budget
REVENUES BY FUND:
General Fund
150,236,000
6.20%
Special Revenue Fund - Operational
$
11,741,000
12,200,000
10,942,000
11,500,000
-5.74%
Special Revenue Fund - Non-Aidable
21,526,000
20,114,000
20,952,000
20,977,000
4.29%
Capital Projects Fund
134,889,000 $
141,462,000 $
141,585,000 $
195,000
250,000
130,000
2,257,000
802.80%
Debt Service Fund
25,243,000
25,679,000
25,987,000
23,603,000
-8.08%
Enterprise Fund
21,285,000
23,635,000
20,558,000
22,971,000
-2.81%
Internal Service Fund
Total Revenues by Fund
27,382,000
14.09%
$
235,833,000 $
20,954,000
247,340,000 $
24,000,000
243,484,000 $
23,330,000
258,926,000
4.68%
$
134,856,000 $
141,462,000 $
143,514,000 $
EXPENDITURES BY FUND:
General Fund
152,354,000
7.70%
Special Revenue Fund - Operational
11,658,000
12,200,000
11,042,000
11,500,000
-5.74%
Special Revenue Fund - Non-Aidable
21,438,000
20,114,000
20,952,000
20,977,000
4.29%
Capital Projects Fund
18,591,000
19,583,000
19,463,000
27,457,000
40.21%
Debt Service Fund
21,864,000
20,820,000
20,464,000
21,423,000
2.90%
Enterprise Fund
24,410,000
27,514,000
26,671,000
28,637,000
4.08%
Internal Service Fund
21,644,000
24,000,000
24,173,000
26,831,000
11.80%
289,179,000
8.84%
Total Expenditures by Fund
$
254,461,000 $
(5) Actual is on a budgetary basis.
(6) Estimate based on 9 months actual and 3 months projected.
265,693,000 $
266,279,000 $
SECTION II
FINANCIAL DATA
MILWAUKEE AREA TECHNICAL COLLEGE
Combined Budget Summary
July 1, 2004 - June 30, 2005
2002-03
Actual*
REVENUES:
Local Government
State
Statutory Program Fees
Material Fees
Other Student Fees
Institutional
Federal
2003-04
Budget
2003-04**
Estimated
2004-05
Budget
$
106,569,000 $
35,412,000
23,040,000
1,678,000
3,141,000
44,024,000
21,969,000
111,830,000 $
34,147,000
25,290,000
1,938,000
3,398,000
48,894,000
21,843,000
111,847,000 $
33,517,000
24,432,000
1,834,000
3,529,000
46,626,000
21,719,000
117,246,000
33,913,000
26,580,000
1,869,000
3,666,000
54,521,000
21,587,000
$
235,833,000 $
247,340,000 $
243,504,000 $
259,382,000
$
98,508,000 $
3,493,000
39,703,000
13,128,000
55,742,000
34,640,000
9,247,000
103,658,922 $
3,789,179
38,789,243
15,627,000
57,196,656
37,700,000
10,984,000
103,747,000 $
3,718,000
40,094,000
13,987,000
56,669,000
37,489,000
10,575,000
107,919,000
3,854,000
40,495,000
14,526,000
66,949,000
41,567,000
10,055,000
Total Expenditures
$
254,461,000 $
267,745,000 $
266,279,000 $
285,365,000
Net Revenue (Expenditures)
$
(18,628,000) $
(20,405,000) $
(22,775,000) $
(25,983,000)
OTHER SOURCES (USES):
Proceeds From Borrowing
$
20,100,000 $
23,100,000 $
23,800,000 $
28,500,000
Total Resources (Uses)
$
1,472,000 $
2,695,000 $
1,025,000 $
2,517,000
$
- $
(1,363,000)
3,379,000
88,000
3,000
85,000
(690,000)
- $
4,859,000
(2,380,000)
-
- $
5,523,000
(1,626,000)
(843,000)
2,180,000
(1,714,000)
551,000
116,000
216,000
Total Revenue
EXPENDITURES BY FUNCTION:
Instruction
Instructional Resources
Student Services
General Institutional
Physical Plant
Auxiliary Services
Public Service
TRANSFERS TO (FROM) FUND BALANCE:
Reserved for Prepaids
Reserved for Post-Employment Benefits
Reserved for Capital Projects
Reserved for Debt Service
Retained Earnings
Reserved for Student Fianancial Assistance
Reserved for Student Organizations
Designated for Self Insurance
Designated for Operations
(2,029,000)
1,500,000
Total Transfers To (From) Fund Balance
$
1,618,000 $
2,695,000 $
1,025,000 $
2,517,000
Beginning Fund Balance
$
38,252,000 $
39,870,000 $
39,870,000 $
40,895,000
Ending Fund Balance
$
39,870,000 $
42,565,000 $
40,895,000 $
43,412,000
$
134,856,000 $
11,658,000
21,438,000
18,591,000
21,864,000
24,410,000
21,644,000
143,514,000 $
12,200,000
20,114,000
19,583,000
20,820,000
27,514,000
24,000,000
143,514,000 $
11,042,000
20,952,000
19,463,000
20,464,000
26,671,000
24,173,000
148,792,000
11,500,000
20,977,000
27,457,000
21,423,000
28,385,000
26,831,000
$
254,461,000 $
267,745,000 $
266,279,000 $
285,365,000
EXPENDITURES BY FUND
General Fund
Special Revenue Fund - Operational
Special Revenue Fund - Non-Aidable
Capital Projects Fund
Debt Service Fund
Enterprise Fund
Internal Service Fund
Total Expenditures by Fund
The 2003-04 budget contains the current revised budget.
* Rounded to the nearest thousand.
** Estimated 2003-04 revenues and expenditures are based on 9 months of actual plus an estimate
for the last 3 months of 2002-03.
MILWAUKEE AREA TECHNICAL COLLEGE
Combining Budget Summary
July 1, 2004 - June 30, 2005
REVENUES:
Local Government
$
Special Revenue
Special Revenue
Capital
Debt
General
Fund -
Fund -
Projects
Service
Enterprise
Service
All
Fund
Operational
Non-Aidable
Fund
Fund
Fund
Fund
Funds
88,686,000
$
1,041,000
$
-
$
-
$
Internal
23,225,000
$
4,294,000
$
Total
-
$
117,246,000
State
25,824,000
3,000,000
4,500,000
-
338,000
251,000
-
33,913,000
Program Fees
26,550,000
30,000
-
-
-
-
-
26,580,000
Material Fees
1,839,000
30,000
-
-
-
-
-
1,869,000
Other Student Fees
2,246,000
-
1,420,000
-
-
-
-
3,666,000
Institutional
5,062,000
1,329,000
950,000
2,257,000
40,000
17,501,000
27,382,000
54,521,000
85,000
6,070,000
14,107,000
-
-
1,325,000
-
21,587,000
Federal
Total Revenue
$
150,292,000
$
11,500,000
$
20,977,000
$
2,257,000
$
23,603,000
$
23,371,000
$
27,382,000
$
259,382,000
$
102,119,000
$
5,800,000
$
-
$
-
$
-
$
-
$
-
$
107,919,000
EXPENDITURES:
Instruction
Instructional Resources
3,854,000
-
-
-
-
-
-
3,854,000
Student Services
14,658,000
4,860,000
20,977,000
-
-
-
-
40,495,000
General Institutional
13,686,000
840,000
-
-
-
-
-
14,526,000
Physical Plant
14,475,000
-
-
27,457,000
21,423,000
3,594,000
-
66,949,000
Auxiliary Services
-
-
-
-
-
14,736,000
26,831,000
41,567,000
Public Service
-
-
-
-
-
10,055,000
-
10,055,000
Total Expenditures
$
148,792,000
$
11,500,000
$
20,977,000
$
27,457,000
$
21,423,000
$
28,385,000
$
26,831,000
$
285,365,000
Net Revenue (Expenditures)
$
1,500,000
$
-
$
-
$
(25,200,000) $
2,180,000
$
(5,014,000) $
551,000
$
(25,983,000)
$
-
$
-
$
-
$
25,200,000
$
-
$
$
-
$
28,500,000
$
1,500,000
$
-
$
-
$
-
$
2,180,000
$
(1,714,000) $
551,000
$
2,517,000
(579,000) $
-
$
-
$
-
$
-
$
579,000
-
$
-
OTHER SOURCES (USES):
Proceeds From Borrowing
Total Resources (Uses)
3,300,000
TRANSFERS TO (FROM) FUND BALANCE:
Transfer to Enterprise Funds
$
$
Reserved for Prepaids
-
-
-
-
-
-
-
-
Reserved for Post-Employment Benefits
-
-
-
-
-
-
-
-
Reserved for Capital Projects
-
-
-
-
-
-
-
-
Reserved for Debt Service
-
-
-
-
2,180,000
-
-
2,180,000
Retained Earnings
-
-
-
-
-
-
(1,714,000)
Reserved for Student Financial Assistance
-
-
-
-
-
-
-
Reserved for Student Organizations
-
-
-
-
-
-
-
-
Designated for Self Insurance
-
-
-
-
-
-
551,000
551,000
1,500,000
-
-
-
-
-
-
1,500,000
Designated for Operations
(1,714,000)
Total Transfers To (From) Fund Balance
$
921,000
$
-
$
-
$
-
$
2,180,000
$
(1,135,000) $
Beginning Fund Balance
$
15,529,000
$
1,255,000
$
1,675,000
$
1,380,000
$
16,191,000
$
3,338,000
Ending Fund Balance
$
16,450,000
$
1,255,000
$
1,675,000
$
1,380,000
$
18,371,000
$
2,203,000
-
551,000
$
2,517,000
$
1,527,000
$
40,895,000
$
2,078,000
$
43,412,000
MILWAUKEE AREA TECHNICAL COLLEGE
Major Categories of Revenues and Expenditures
Revenues
MATC has a diversified funding base composed of property taxes, state aid,
student fees, state and federal grants, and institutionally generated revenues.
This diversity of revenue sources, the strength of our local economy, and
competent financial management continues to provide the resources required to
fulfill its mission now and in the future.
•
Property Taxes - The major source of revenue for MATC is the local property
tax levy. Our portion of the levy is based upon the equalized value of taxable
property, excluding tax incremental financing districts. Each year in October,
the municipalities in our District are billed for our portion of the property tax.
All delinquencies are assumed by the respective counties; thus, the District
will receive the full amount of its levy. All technical colleges in the state are
limited by statute to an operating property tax mill rate of $1.50 per thousand
of taxable property. The debt service mill rate is added to the operational mill
rate to get a total mill rate amount for the year.
•
State Revenue - Funding is provided by the Wisconsin Technical College
System (WTCS) to the local districts. The amount of funding received is
calculated based upon a formula, which is based on both expenditures and
students served. The funding formula that is equalized across the 16 districts
based on their varying tax leveling ability. The basic formula is as follows:
(Total general and special revenue fund expenditures—all revenues
not from property taxes or investments) + plus debt service
expenditures] * (state average of taxable property per full-time
equivalent student)/ our taxable property per full-time equivalent
student)
•
Student Fees - Fees are collected from students for tuition, materials, and
miscellaneous items. Tuition and material fee rates are set annually by the
WTCS based upon estimated total operating expenditures of all districts.
Miscellaneous items include non-resident and out-of-state tuition, community
service course fees, testing fees, application fees, and graduation fees.
•
Institutional Revenue - These revenues are generated by business and
industry contracts (38.14 contracts) for customized instruction and technical
assistance. Also included are technical preparation contracts (118.15
contracts), interest or investment earnings, and the revenue from enterprise
activities.
•
Federal Grants - The District receives federal grants for student financial aid
and specific projects such as Adult Basic Education, Division of Vocational
Rehabilitation, Federal Work Study, Pell, and Vocational and Technical
Education Act.
MILWAUKEE AREA TECHNICAL COLLEGE
Major Categories of Revenues and Expenditures (Cont.)
•
State Grants - The District also receives grants from the state for the
development of new programs and specific projects such as workplace
literacy, minority recruitment and retention, displaced homemakers, and the
visually impaired.
Expenditures
Expenditures are classified by function as required by the Wisconsin Technical
College Board. This allows us to provide detail of our primary activity—
instruction. There are five different functions in the General and Special
Revenue Funds:
•
Instruction – This function includes faculty salaries, instructional materials,
academic administration, related clerical support, and other activities that are
directly related to the teaching of students in their educational program. All
our educational divisions: Business & Information Technology, Pre-College
Division, Health Occupations, Liberal Arts & Sciences, and Technical &
Applied Sciences are accounted for in this category. This function also
includes programs for the improvement of educational methods for teaching
and learning.
•
Instructional Resources – This function includes those activities that directly
support the teaching and learning process. It includes the libraries, the
faculty resource center, multi-media and audio visual aids, instructional
resources administration, and clerical support.
•
Student Services – Included in this function are those activities that provide
support for students. It includes recruitment, admissions, registration,
assessment, counseling, career planning, health services, and the related
administration and clerical functions.
•
General Institutional – This function includes those services that support the
entire college. Examples of these areas would be information technology,
human resources, printing services, affirmative action, general liability
insurance, and marketing and public relations, as well as the accounting and
general administration offices.
•
Physical Plant – Included here are all the services required for the operation
and maintenance of the physical facilities. It includes maintenance, utilities,
public safety, construction services, purchasing, and receiving.
MILWAUKEE AREA TECHNICAL COLLEGE
Description of Basis of Accounting
Generally Accepted Accounting Principles – Financial Statements
Basis of accounting refers to when revenues and expenditures or expenses are
recognized in the accounts and reported in the financial statements. Basis of
accounting relates to the timing of the measurement made, regardless of the
measurement focus applied.
Under generally accepted accounting principles (GAAP), the governmental funds
(General, Special Revenue, Capital Projects, and Debt Service) are accounted
for on the modified accrual basis. Under the modified accrual basis of
accounting, transactions are recorded in the following manner:
•
Revenues are recognized when they become measurable and available
(susceptible to accrual). All revenues are considered susceptible to accrual
except summer school tuition and fees.
•
Expenditures are recognized when the liability is incurred, except for interest
and principal on general long-term obligation debt, which are recognized as
expenditures when due.
Expenditures for claims and judgments are
recognized when it becomes probable that an asset has been impaired or a
liability has been incurred.
•
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.
•
Expenditures for fixed assets are recognized as capital outlay at the time of
purchase.
•
Proceeds of general long-term obligations are treated as a financing source
when received.
The Enterprise Fund is accounted for on an accrual basis, whereby revenues are
recognized when measurable and earned and expenses are recorded as
liabilities are incurred, and where applicable, depreciation expense is recorded.
Governmental Accounting Standards Board (GASB) Statement No. 20 provides
that Proprietary Funds may apply all GASB pronouncements, as well as the
following pronouncements issued on or before November 30, 1989, unless those
pronouncements conflict with or contradict GASB pronouncements: statements
and interpretations of the Financial Accounting Standards Board (FASB),
Accounting Principles Board (APB) opinions, and Accounting Research Bulletins
MILWAUKEE AREA TECHNICAL COLLEGE
Description of Basis of Accounting (Cont.)
(ARB’s) of the Committee on Accounting Procedure. MATC has elected to apply
only those FASB, APB, and ARB pronouncements issued on or before
November 30, 1989.
Budgetary Basis of Accounting
In accordance with the requirements of the WTCS, MATC adopts an annual
operating budget which is prepared on substantially the same basis as the
financial statements (which are prepared in accordance with GAAP), except that
budgetary expenditures include encumbrances (commitments to expend funds
entered into during the fiscal year), and all revenues and expenditures for
summer sessions that cross a fiscal year are recognized in the subsequent fiscal
year for budgetary purposes.
MILWAUKEE AREA TECHNICAL COLLEGE
General Fund
2004-05 Budgetary Statement of
Resources, Uses, and Changes in Fund Balanc
2002-03
2003-04
2003-04**
2004-05
ACTUAL*
BUDGET
ESTIMATED
BUDGET
REVENUES:
76,275,000 $
82,015,000 $
82,189,000 $
88,686,000
State
Local Government
$
27,128,000
26,417,000
25,954,000
25,824,000
26,550,000
Program Fees
23,021,000
25,260,000
24,404,000
Material Fees
1,662,000
1,908,000
1,824,000
1,839,000
Other Student Fees
1,791,000
2,048,000
2,123,000
2,246,000
Institutional
4,927,000
6,007,000
5,006,000
5,062,000
85,000
75,000
85,000
85,000
Federal
Total Revenues
$ 134,889,000 $ 143,730,000 $ 141,585,000 $ 150,292,000
EXPENDITURES:
Instruction
$
92,554,000 $
Instructional Resources
97,488,922 $
98,496,000 $ 102,119,000
3,493,000
3,789,179
3,718,000
3,854,000
Student Services
13,285,000
13,375,243
14,138,000
14,658,000
General Institutional
12,404,000
14,897,000
13,200,000
13,686,000
Physical Plant
13,120,000
13,963,656
13,962,000
14,475,000
Total Expenditures
$ 134,856,000 $ 143,514,000 $ 143,514,000 $ 148,792,000
Net Revenue (Expenditures)
$
33,000 $
216,000 $
(1,929,000) $
1,500,000
$
$
- $
- $
-
Total Resources (Uses)
$
33,000 $
216,000 $
(1,929,000) $
1,500,000
TRANSFERS TO (FROM) FUND BALANCE:
Transfer to Enterprise Funds
$
OTHER SOURCES (USES):
Operating Transfer In (Out)
- $
- $
Reserve for Post-Employment Benefits
-
-
-
-
-
Designated for Self Insurance
-
-
-
-
33,000
216,000
(1,929,000)
Designated for Operations
$
(579,000)
1,500,000
Total Transfers To (From) Fund Balance
$
33,000 $
216,000 $
(1,929,000) $
921,000
Beginning Total Fund Balance
$
17,425,000 $
17,458,000 $
17,458,000 $
15,529,000
Ending Total Fund Balance
$
17,458,000 $
17,674,000 $
15,529,000 $
16,450,000
Beginning Total Fund Balance For Operations
$
15,614,000 $
15,647,000 $
15,647,000 $
13,718,000
Ending Total Fund Balance For Operations
$
15,647,000 $
15,863,000 $
13,718,000 $
14,639,000
The General Fund is used to account for all financial activities except those required to be accounted for in another fund.
The 2003-04 budget contains the current revised budget.
* Rounded to the nearest thousand.
** 9 months actual and 3 months estimated.
MILWAUKEE AREA TECHNICAL COLLEGE
Special Revenue Fund - Operational
2004-05 Budgetary Statement of
Resources, Uses, and Changes in Fund Balance
2002-03*
2003-04
2003-04**
2004-05
ACTUAL
BUDGET
ESTIMATED
BUDGET
REVENUES:
Local Government
$
State
655,000 $
1,115,000 $
991,000 $
1,041,000
2,634,000
2,800,000
2,445,000
3,000,000
Program Fees
19,000
30,000
28,000
30,000
Material Fees
Other Student Fees
16,000
-
30,000
-
10,000
30,000
Institutional
1,833,000
1,200,000
1,111,000
1,329,000
Federal
6,584,000
7,025,000
6,357,000
6,070,000
11,741,000 $
12,200,000 $
10,942,000 $
11,500,000
Total Revenues
$
EXPENDITURES:
Instruction
$
Student Services
5,954,000 $
6,170,000 $
5,251,000 $
5,800,000
4,980,000
5,300,000
5,004,000
4,860,000
724,000
730,000
787,000
840,000
-
-
-
-
General Institutional
Physical Plant
Total Expenditures
$
11,658,000 $
12,200,000 $
11,042,000 $
11,500,000
Net Revenues (Expenditures)
$
83,000 $
- $
(100,000) $
-
Total Resources (Uses)
$
83,000 $
- $
(100,000) $
-
$
83,000 $
- $
(100,000) $
-
Beginning Fund Balance
$
1,272,000 $
1,355,000 $
1,355,000 $
1,255,000
Ending Fund Balance
$
1,355,000 $
1,355,000 $
1,255,000 $
1,255,000
TRANSFERS TO (FROM) FUND BALANCE
Designated for Operations
The Special Revenue Fund - Operational is used to account for the proceeds and related financial activity of specific
revenue sources that are legally restricted to specific purposes other than expendable trusts or major capital projects.
The 2003-04 budget contains the current revised budget.
* Rounded to the nearest thousand.
** 9 months actual and 3 months estimated.
MILWAUKEE AREA TECHNICAL COLLEGE
Capital Projects Fund
2004-05 Budgetary Statement of
Resources, Uses, and Changes in Fund Balance
2002-03
2003-04
2003-04**
2004-05
ACTUAL*
BUDGET
ESTIMATED
BUDGET
REVENUES:
State
$
Federal
9,000 $
- $
- $
-
3,000
-
-
-
183,000
250,000
130,000
2,257,000
$
195,000 $
250,000 $
130,000 $
2,257,000
Physical Plant
$
18,591,000 $
19,583,000 $
19,463,000 $
27,457,000 ***
Total Expenditures
$
18,591,000 $
19,583,000 $
19,463,000 $
27,457,000
Net Revenue (Expenditures)
$
(18,396,000) $
(19,333,000) $
(19,333,000) $
(25,200,000)
Proceeds from Notes
$
17,033,000 $
19,333,000 $
19,333,000 $
25,200,000
Total Resources (Uses)
$
(1,363,000) $
- $
- $
-
$
(1,363,000) $
- $
- $
-
Beginning Fund Balance
$
2,743,000 $
1,380,000 $
1,380,000 $
1,380,000
Ending Fund Balance
$
1,380,000 $
1,380,000 $
1,380,000 $
1,380,000
Institutional
Total Revenues
EXPENDITURES:
OTHER SOURCES (USES):
TRANSFERS TO (FROM) FUND BALANCE:
Reserved for Capital Projects
The Capital Projects Fund is used to account for financial resources and related financial activity for the acquisition
and improvement of sites and for the acquisition, construction, equipping, and renovation of buildings.
The 2003-04 budget contains the current revised budget.
*
Rounded to the nearest thousand.
** 9 months actual and 3 months estimated.
***Included in this amount is equipment of $13,265,000, renovation/remodeling and improvement
projects of $7,050,000 and the Applied Technology Center of $7,142,000. Note also that the
public television activities, accounted for in the Enterprise Fund, have budgeted equipment
MILWAUKEE AREA TECHNICAL COLLEGE
Special Revenue Fund - Non-Aidable
2004-05 Budgetary Statement of
Resources, Uses, and Changes in Fund Balance
2002-03
2003-04
2003-04**
2004-05
ACTUAL*
BUDGET
ESTIMATED
BUDGET
REVENUES:
Local Government
$
- $
- $
- $
-
State
4,965,000
4,400,000
4,500,000
4,500,000
Other Student Fees
Institutional
1,350,000
1,252,000
1,350,000
750,000
1,406,000
932,000
1,420,000
950,000
13,959,000
13,614,000
14,114,000
14,107,000
$
21,526,000 $
20,114,000 $
20,952,000 $
20,977,000
Student Services
$
21,438,000 $
20,114,000 $
20,952,000 $
20,977,000
Total Expenditures
$
21,438,000 $
20,114,000 $
20,952,000 $
20,977,000
Net Revenues (Expenditures)
$
88,000 $
- $
- $
-
$
- $
- $
- $
-
$
88,000 $
- $
- $
-
Federal
Total Revenues
EXPENDITURES:
TOTAL SOURCES (USES):
Operating Transfer In (Out)
Total Resources (Uses)
TRANSFERS TO (FROM) FUND BALANCE:
Reserved for Student Financial Assistance
$
Reserved for Student Organizations
- $
- $
-
85,000
3,000 $
-
-
-
Total Transfers To (From) Fund Balance
$
88,000 $
- $
- $
-
Beginning Fund Balance
$
1,587,000 $
1,675,000 $
1,675,000 $
1,675,000
Ending Fund Balance
$
1,675,000 $
1,675,000 $
1,675,000 $
1,675,000
The Special Revenue Fund - Non-Aidable is used to account for assets held by the district as an agent for individuals,
private organizations, other governmental units, or other funds, and it includes scholarships and work study funds.
The 2003-04 budget contains the current revised budget.
* Rounded to the nearest thousand.
** 9 months actual and 3 months estimated.
MILWAUKEE AREA TECHNICAL COLLEGE
Debt Service Fund
2004-05 Budgetary Statement of
Resources, Uses, and Changes in Fund Balance
2002-03
2003-04
2003-04**
2004-05
ACTUAL*
BUDGET
ESTIMATED
BUDGET
24,752,000 $
25,370,000 $
25,387,000 $
State
363,000
279,000
367,000
338,000
Institutional
128,000
30,000
233,000
40,000
REVENUES:
Local Government
Total Revenues
$
23,225,000
$
25,243,000 $
25,679,000 $
25,987,000 $
23,603,000
Physical Plant
$
21,864,000 $
20,820,000 $
20,464,000 $
21,423,000
Total Expenditures
$
21,864,000 $
20,820,000 $
20,464,000 $
21,423,000
Net Revenues (Expenditures)
$
3,379,000 $
4,859,000 $
5,523,000 $
2,180,000
$
$
- $
- $
-
-
-
-
EXPENDITURES:
OTHER SOURCES (USES):
Proceeds from Notes
Refunding of Notes
Total Resources (Uses)
$
3,379,000 $
4,859,000 $
5,523,000 $
2,180,000
$
3,379,000 $
4,859,000 $
5,523,000 $
2,180,000
Beginning Fund Balance
$
7,289,000 $
10,668,000 $
10,668,000 $
16,191,000
Ending Fund Balance
$
10,668,000 $
15,527,000 $
16,191,000 $
18,371,000
TRANSFERS TO (FROM) FUND BALANCE:
Reserved for Debt Service
The Debt Service Fund is used to account for the accumulation of resources for payment of general long-term debt
principal and interest.
The 2003-04 budget contains the current revised budget.
* Rounded to the nearest thousand.
** 9 months actual and 3 months estimated
MILWAUKEE AREA TECHNICAL COLLEGE
Enterprise Fund
2004-05 Budgetary Statement of
Resources, Uses, and Changes in Fund Balance
2002-03
2003-04
2003-04**
2004-05
ACTUAL*
BUDGET
ESTIMATED
BUDGET
REVENUES:
Local Government-Operating
$
Local Government-Debt Service
2,720,000 $
Federal
Total Revenues
$
500,000 $
700,000
2,167,000
2,830,000
2,780,000
3,594,000
313,000
251,000
251,000
251,000
14,747,000
16,657,000
15,884,000
17,501,000
1,338,000
1,129,000
1,163,000
1,325,000
21,285,000 $
21,367,000 $
20,578,000 $
23,371,000
State
Institutional
500,000 $
EXPENDITURES:
Physical Plant
$
Auxiliary Services
Public Service
2,167,000 $
2,830,000 $
2,780,000 $
3,594,000
12,996,000
13,700,000
13,316,000
14,736,000
9,247,000
10,984,000
10,575,000
10,055,000
Total Expenditures:
$
24,410,000 $
27,514,000 $
26,671,000 $
28,385,000
Net Revenues (Expenditures)
$
(3,125,000) $
(6,147,000) $
(6,093,000) $
(5,014,000)
OTHER SOURCES (USES):
Operating Transfer In (Out)
Proceeds From Borrowing
Total Resources (Uses)
146,000
3,067,000
$
3,767,000
4,467,000
579,000
3,300,000
88,000 $
(2,380,000) $
(1,626,000) $
(1,135,000)
$
88,000 $
(2,380,000) $
(1,626,000) $
(1,135,000)
Beginning Retained Earnings
$
4,876,000 $
4,964,000 $
4,964,000 $
3,338,000
Ending Retained Earnings
$
4,964,000 $
2,584,000 $
3,338,000 $
2,203,000
TRANSFERS TO (FROM) RETAINED EARNINGS:
Retained Earnings
The Enterprise Fund is used to account for district operations where the cost of providing goods or services to students,
district staff, faculty, or the general public on a continuing basis is financed or recovered primarily through user charges
or where the District Board has decided that periodic determination of revenues, expenses, or net income is
appropriate. These operations include the bookstore, food services, and public television. As required by Wisconsin
Technical College System Board regulations, business plans have been prepared for each operation.
The 2003-04 budget contains the current revised budget.
* Rounded to the nearest thousand.
** 9 months actual and 3 months estimated.
MILWAUKEE AREA TECHNICAL COLLEGE
Internal Service Fund
2004-05 Budgetary Statement of
Resources, Uses, and Changes in Fund Balance
2002-03
2003-04
2003-04**
2004-05
ACTUAL*
BUDGET
ESTIMATED
BUDGET
REVENUES:
Institutional
$
20,954,000 $
24,000,000 $
23,330,000 $
27,382,000
Total Revenues
$
20,954,000 $
24,000,000 $
23,330,000 $
27,382,000
$
21,644,000 $
24,000,000 $
24,173,000 $
26,831,000
Total Expenditures
$
21,644,000 $
24,000,000 $
24,173,000 $
26,831,000
Net Revenues (Expenditures)
$
(690,000) $
- $
(843,000) $
551,000
OTHER SOURCES (USES)
Operating Transfers in (Out)
$
- $
- $
- $
-
Total Resources (Uses)
$
(690,000) $
- $
(843,000) $
551,000
$
(690,000) $
- $
(843,000) $
551,000
Total Transfers To (From) Fund Balance
$
(690,000) $
- $
(843,000) $
551,000
Beginning Fund Balance
$
3,060,000 $
2,370,000 $
2,370,000 $
1,527,000
Ending Fund Balance
$
2,370,000 $
2,370,000 $
1,527,000 $
2,078,000
EXPENDITURES:
Auxiliary Services
TRANSFERS TO (FROM) FUND BALANCE :
Designated for Self Insurance
The Internal Service Funds are used to account for the College's self insurance risk exposures which includes payments
for health, dental, property, liabilty, and workers' compensation.
The 2003-04 budget contains the current revised budget.
* Rounded to the nearest thousand.
** 9 months actual and 3 months estimated.
MILWAUKEE AREA TECHNICAL COLLEGE
Budget Expenditures by Classification Level (1)
Budget and Plan Year 2004-05
Personal Services
Salaries and Wages
Fringe Benefits
$
$
147,220,000
105,335,000
41,885,000
Current Expense
13,072,000
Capital Outlay
27,457,000
Debt Service
21,423,000
Total Budget Expenditures
$
209,172,000
(1) Includes General, Special Revenue-Operational, Capital Projects, and Debt Service Funds only.
MILWAUKEE AREA TECHNICAL COLLEGE
Debt Retirement Schedule
Combined Schedule Of Long-Term Obligations
Fiscal
Year
2005
Principal
$
Interest
Total
24,936,725
22,105,000 $
2,831,725 $
2006
23,275,000
2,568,889
25,843,889
2007
20,400,000
1,743,299
22,143,299
2008
15,805,000
1,050,174
16,855,174
2009
8,150,000
475,075
8,625,075
2010
4,885,000
232,800
5,117,800
2011
505,000
132,763
637,763
638,775
2012
530,000
108,775
2013
560,000
83,600
643,600
2014
585,000
57,000
642,000
2015
615,000
29,212
644,212
97,415,000 $
9,313,312 $
$
106,728,312
LEGAL DEBT LIMIT
The bonded indebtedness of the district may not exceed 2% of the equalized valuation of the taxable property located
in the district per s.67.03(9) Wisconsin Statutes. The bonded indebtedness of the district budgeted for FY 2004-05 is
$97,415,000 for principal compared to the maximum legal limit of 2% or approximately $1.20 billion based upon
projected equalized valuations.
The aggregate indebtedness of the district may not exceed 5% of the equalized valuation of the taxable property locat
in the district per s.67.03(1) Wisconsin Statutes. The indebtedness of the district budgeted for FY 2004-05 is
$97,415,000 for principal compared to the maximum legal limit of 5% or approximately $3.00 billion based upon projec
equalized valuations.
MILWAUKEE AREA TECHNICAL COLLEGE
Debt Retirement Schedule
Issue
Issue
Fiscal
Description
Date
Year
Taxable General Obligation Refunding
5-99
2005
Notes, Series 1998-99E
Principal
$
2006
Interest
Total
2,060,000 $
560,905 $
2,620,905
2,200,000
437,305
2,637,305
Robert W. Baird & Co.
2007
2,330,000
303,105
2,633,105
To Refinance WRS Pension Liability
2008
2,480,000
157,480
2,637,480
($17,190,000)
@ 5.4% - 6.35%
General Obligation Notes
9-00
Series 2000-01A
2005
$
9,070,000 $
1,458,795 $
10,528,795
$
3,355,000 $
231,166 $
3,586,166
2006
3,230,000
74,694
3,304,694
Robert W. Baird & Co.
For Const./Remodeling ($500,000)
$
6,585,000 $
305,860 $
6,890,860
$
460,000 $
32,400 $
492,400
350,000
14,000
364,000
$
810,000 $
46,400 $
856,400
$
4,025,000 $
379,656 $
4,404,656
For Equipment ($11,500,000)
For Digital TV Conversion ($1,400,000)
($13,4000,000)
@ 4.625% - 4.875%
General Obligation Notes
6-01
Series 2000-01G
2005
2006
Robert W. Baird & Co.
For Const./Remodeling ($500,000)
For Program Acquisition ($1,600,000)
($2,100.000)
@ 4%
General Obligation Notes
9-01
2005
Series 2001-02A
2006
4,175,000
233,547
4,408,547
Robert W. Baird & Co.
2007
4,210,000
78,938
4,288,938
For Const./Remodeling ($500,000)
For Equipment ($11,600,000)
$
12,410,000 $
692,141 $
13,102,141
$
125,000 $
4,125 $
129,125
$
125,000 $
4,125 $
129,125
For Program Acquisition ($1,600,000)
For Digital TV Conversion ($4,600,000)
($18,300,000)
@ 3.125%-3.75%
General Obligation Notes
11-01
2005
Series 2001-02B
Robert W. Baird & Co.
For Const./Remodeling ($500,000)
@ 3.25% - 3.3%
MILWAUKEE AREA TECHNICAL COLLEGE
Debt Retirement Schedule
Issue
Issue
Fiscal
Description
Date
Year
General Obligation Refunding Bonds
12-01
2005
Principal
Interest
Total
$
640,000 $
23,200 $
663,200
$
640,000 $
23,200 $
663,200
$
125,000 $
4,531 $
129,531
$
125,000 $
4,531 $
129,531
$
125,000 $
5,000 $
130,000
$
125,000 $
5,000 $
130,000
$
125,000 $
4,000 $
129,000
$
125,000 $
4,000 $
129,000
$
125,000 $
5,000 $
130,000
$
125,000 $
5,000 $
130,000
$
125,000 $
8,750 $
133,750
125,000
4,531
129,531
Series 2001-02
Robert W. Baird & Co. ($5,630,000)
@ 3% - 3.625%
To Refund June 1 Maturities of
Series1993-94B from 2002 to 2003
(Call Date January 2, 2002, $3,600,000)
and Series 1995-96A from 2003 to 2005
(Call Date June 1, 2002, $1,980,000)
General Obligation Notes
12-01
2005
Series 2001-02C
Robert W. Baird & Co.
For Const./Remodeling ($500,000)
@ 3% - 3.625%
General Obligation Notes
1-02
2005
Series 2001-02D
Robert W. Baird & Co.
For Const./Remodeling ($500,000)
@ 3% - 4%
General Obligation Notes
2-02
2005
Series 2001-02E
Robert W. Baird & Co.
For Const./Remodeling ($500,000)
@ 2.75% - 3.2%
General Obligation Notes
4-02
2005
Series 2001-02F
Robert W. Baird & Co.
For Const./Remodeling ($500,000)
@ 3% - 4%
General Obligation Notes
Series 2001-02G
6-02
2005
2006
Robert W. Baird & Co.
For Const./Remodeling ($500,000)
@ 3% - 3.625%
$
250,000 $
13,281 $
263,281
MILWAUKEE AREA TECHNICAL COLLEGE
Debt Retirement Schedule
Issue
Issue
Fiscal
Description
Date
Year
General Obligation Notes
9-02
2005
Principal
$
Interest
Total
3,235,000 $
381,012 $
3,616,012
Series 2002-03A
2006
3,375,000
281,863
3,656,863
Robert W. Baird & Co.
2007
3,520,000
174,037
3,694,037
For Const./Remodeling ($500,000)
2008
3,595,000
58,419
3,653,419
For Equipment ($12,000,000)
For Program Acquisition ($1,600,000)
$
13,725,000 $
895,331 $
14,620,331
$
250,000 $
15,625 $
265,625
For Digital TV Conversion ($2,000,000)
($16,100,000)
@ 2.25%-3.25%
General Obligation Notes
11-02
Series 2002-03B
2005
2006
250,000
7,812
257,812
Robert W. Baird & Co.
For Const./Remodeling ($1,000,000)
$
500,000 $
23,437 $
523,437
$
250,000 $
13,750 $
263,750
@ 2.5% - 3.125%
General Obligation Notes
1-03
Series 2002-03C
2005
2006
250,000
7,500
257,500
Robert W. Baird & Co.
For Const./Remodeling ($1,000,000)
$
500,000 $
21,250 $
521,250
$
250,000 $
12,500 $
262,500
@ 2% - 3%
General Obligation Notes
4-03
Series 2002-03D
2005
2006
250,000
6,875
256,875
Robert W. Baird & Co.
For Const./Remodeling ($1,000,000)
$
500,000 $
19,375 $
519,375
$
@ 1.75% - 2.75%
General Obligation Notes
250,000 $
15,625 $
265,625
Series 2002-03E
6-03
2005
2006
250,000
10,625
260,625
Robert W. Baird & Co.
2007
250,000
5,625
255,625
For Const./Remodeling ($1,000,000)
@ 2% - 2.25%
General Obligation Notes
9-03
2005
$
750,000 $
31,875 $
781,875
$
3,080,000 $
482,562 $
3,562,562
Series 2003-04A
2006
3,855,000
403,575
4,258,575
For Const./Remodeling ($1,000,000)
2007
3,990,000
303,019
4,293,019
For Equipment ($12,500,000)
2008
3,635,000
196,125
3,831,125
MILWAUKEE AREA TECHNICAL COLLEGE
Debt Retirement Schedule
Issue
Issue
Fiscal
Description
Date
Year
For Program Acquisition ($1,700,000)
Principal
2009
Interest
3,540,000
Total
70,800
3,610,800
For Digital TV Conversion ($2,900,000)
($18,100,000)
$
18,100,000 $
1,456,081 $
19,556,081
$
@ 2% - 4%
General Obligation Notes
250,000 $
16,875 $
266,875
Series 2003-04B
11-03
2005
2006
250,000
11,875
261,875
Robert W. Baird & Co.
2007
250,000
6,250
256,250
For Const./Remodeling ($1,000,000)
@ 2% - 2.5%
General Obligation Notes
2-04
2005
$
750,000 $
35,000 $
785,000
$
150,000 $
11,688 $
161,688
Series 2003-04C
2006
175,000
8,312
183,312
Robert W. Baird & Co.
2007
175,000
4,375
179,375
For Const./Remodeling ($1,000,000)
@ 2% - 2.5%
General Obligation Notes
3-04
2005
$
500,000 $
24,375 $
524,375
$
150,000 $
12,500 $
162,500
Series 2003-04D
2006
175,000
8,750
183,750
Robert W. Baird & Co.
2007
175,000
4,375
179,375
For Const./Remodeling ($1,000,000)
@ 2% - 2.5%
General Obligation Notes
4-04
2005
$
500,000 $
25,625 $
525,625
$
350,000 $
22,556 $
372,556
Series 2003-04E
2006
325,000
13,000
338,000
Robert W. Baird & Co.
2007
325,000
6,500
331,500
For Const./Remodeling ($1,000,000)
@ 2%
General Obligation Notes
6-04
2005
$
1,000,000 $
42,056 $
1,042,056
$
1,100,000 $
46,424 $
1,146,424
Series 2003-04F
2006
500,000
21,000
521,000
Robert W. Baird & Co.
2007
100,000
3,500
103,500
For Const./Remodeling ($1,000,000)
For Program Acquisition ($700,000)
$
1,700,000 $
70,924 $
1,770,924
($1,700,000)
@ 3.5%
General Obligation Notes
Proposed 2004-05 Issue
9-04
2005
2006
$
- $
1,650,000
459,375 $
583,625
459,375
2,233,625
MILWAUKEE AREA TECHNICAL COLLEGE
Debt Retirement Schedule
Issue
Issue
Fiscal
Description
Date
Year
Principal
Interest
Total
For Const./Remodeling ($1,000,000)
2007
3,150,000
499,625
3,649,625
For Equipment ($13,000,000)
2008
4,150,000
371,875
4,521,875
For Program Acquisition ($2,500,000)
2009
4,150,000
226,625
4,376,625
For Digital TV Conversion ($1,000,000)
2010
4,400,000
77,000
4,477,000
2,218,125 $
19,718,125
($17,500,000)
@ 3.5%
$
17,500,000 $
$
1,500,000 $
General Obligation Notes
11-04
2005
Proposed 2004-05 Issues
to
2006
1,490,000
202,500
1,692,500
For Const./Remodeling ($6,000,000)
5-05
2007
1,505,000
135,450
1,640,450
2008
1,505,000
67,725
1,572,725
@ 4.5%
General Obligation Notes
6-05
2006
82,500 $
1,582,500
$
6,000,000 $
488,175 $
6,488,175
$
400,000 $
237,500 $
637,500
Proposed 2004-05 Issue
2007
420,000
218,500
638,500
For Applied Technology Center
2008
440,000
198,550
638,550
@ 4.75%
2009
460,000
177,650
637,650
2010
485,000
155,800
640,800
2011
505,000
132,763
637,763
2012
530,000
108,775
638,775
2013
560,000
83,600
643,600
2014
585,000
57,000
642,000
2015
615,000
29,212
644,212
$
5,000,000 $
1,399,350 $
6,399,350
$
97,415,000 $
9,313,312 $
106,728,312
GRAND TOTALS:
MILWAUKEE AREA TECHNICAL COLLEGE
Renovation/Remodeling Capital Projects for FY 2004-05
1. Downtown Milwaukee Campus Bookstore Relocation (8th & State): .........................$ 200,000
2. Flooring, Fixture & Finish Improvements – FY 2005.................................................... 200,000
3. MEC-South Roof & Parapet Replacement - Stage 1(Roofs 8, 9 & 10) ........................ 200,000
4. Upper C Parking & Auto Shop Deck Reconstruction; Downtown Milwaukee .............. 300,000
5. Minor Projects & General Project Scope/Development Reservation ............................. 100,000
6. Dual Chemistry Lab Complex; Milwaukee Campus; M654-M658................................ 950,000
7. Minor Projects & General Project Scope/Development Reservation .............................
50,000
8. Mequon Campus B Wing Renovation-Stage 2; B228 & B232 Complex ...................... 450,000
9. Nursing Lab; Oak Creek A141 & A145 (Grant Match; Non-Federal Share).................
85,000
10. EMT Facility (Addition to Oak Creek Campus T & I Wing) .......................................... 300,000
11. Minor Projects & General Project Scope/Development Reservation ............................. 165,000
12. Downtown Milwaukee Main Bldg. Penthouse Electrical Substation-Stage 1 ............... 950,000
13. Minor Projects & General Project Scope/Development Reservation .............................
50,000
14. IAQ Improvements – C Building; Downtown Milwaukee Campus ............................... 120,000
15. MEC Tenant Build-Outs; FY 2005 ...............................................................................
65,000
16. Oak Creek Campus "A Wing" Flat Roof & Penthouse Replacement ........................... 675,000
17. S215 Flooring Replacement; Milwaukee Campus .......................................................
40,000
18. Special Needs / ADA Facility Improvements – FY 2005:.............................................
10,000
19. Minor Projects & General Project Scope/Development Reservation .............................
90,000
20. Downtown Milwaukee Campus Chiller Plant - Stage 2................................................ 700,000
21. MPTV Transmitter Fiber Interconnection (Blue Hole Site)........................................... 120,000
22. Lockset Conversion (Life Cycle & ADA Driven); Stage 1.............................................
80,000
23. Minor Projects & General Project Scope/Development Reservation ............................. 100,000
24. Medical Assistant Classroom / CLT Lab; West Allis Campus Rm. 309 (or 337).......... 250,000
25. Basic Skills PC Labs, Office & Resource Rm.; C256, C284; C286 & C332................. 275,000
26. Enrollment Center Renovation S101; Downtown Milwaukee....................................... 150,000
27. Motorcycle Storage Building; Aviation Center .............................................................
40,000
28. Milwaukee Campus Exterior Signage- Stage 1(HSTC & Master Plan)........................
85,000
29. Minor Projects & General Project Scope/Development Reservation .............................
50,000
30. Future Project Selection / Studies (F2006 & Beyond): ................................................ 200,000
TOTAL ..........................................................................................................................$7,050,000
MILWAUKEE AREA TECHNICAL COLLEGE
PRO FORMA COMBINED BALANCE SHEET
IN THOUSANDS
JUNE 30, 2004
GOVERNMENTAL FUNDS
SPECIAL REVENUE
FUND OPERATIONAL
GENERAL
FUND
ASSETS
CASH AND INVESTMENTS
RECEIVABLES
INVENTORIES AND PREPAIDS
FIXED ASSETS
AMOUNT AVAILABLE IN DEBT
SERVICE FUND
AMOUNT TO BE PROVIDED FOR:
DEBT SERVICE
COMPENSATED ABSENCES
ENVIRONMENTAL REMEDIATION
TOTAL ASSETS
LIABILITIES
ACCOUNTS PAYABLE
ACCRUED LIABILITIES
DEBT PAYABLE
DEFERRED REVENUE
COMPENSATED ABSENCES
ENVIRONMENTAL REMEDIATION
$
$
2,400
-
SPECIAL REVENUE
FUND NON-AIDABLE
$
950
2,750
-
CAPITAL
PROJECTS
FUND
$
2,668
16
-
DEBT
SERVICE
FUND
$
75
16,189
-
$
11
8,440
1,429
21,800
$
302,000
$
-
TOTAL
(MEMORANDUM
ONLY)
$
33,493
45,908
1,482
323,800
-
-
-
-
-
-
16,191
16,191
-
-
-
-
-
-
-
-
43,485
4,800
54
43,485
4,800
54
2,400
$
3,700
$
2,684
$
16,264
$
31,680
$
361
19,240
1,790
4,333
-
$
146
880
119
-
$
725
1,300
-
$
1,304
-
$
73
-
$
$
4,680
22
-
GEN. LONGTERM OBLIG.
ACCT. GROUP
-
$
TOTAL FUND EQUITY
$
GENERAL
FIXED
ASSETS
-
41,253
FUND EQUITY
FIXED ASSETS
INVESTED IN CAPITAL ASSETS
RETAINED EARNINGS
RESERVE FOR CAPITAL PROJECTS
RESERVE FOR PREPAID EXPEND.
RESERVE FOR DEBT SERVICE
RESERVE FOR STUDENT FIN. ASSIST
RESERVE FOR POST-EMPL. BENEFITS
UNRESERVED:
DESIGNATED FOR SELF-INSURANCE
DESIGNATED FOR OPERATIONS
ACCOUNT GROUPS
INTERNAL
SERVICE
FUND
ENTERPRISE
FUNDS
$
TOTAL LIABILITIES
TOTAL LIABILITIES AND FUND EQUITY
29,789
11,433
31
-
PROPRIETARY FUNDS
$
4,702
$
302,000
$
64,530
$
469,213
250
3,536
11,494
-
75
3,100
-
$
-
$
59,676
4,800
54
$
1,557
29,433
71,170
1,909
9,133
54
25,724
1,145
2,025
1,304
73
15,280
3,175
-
64,530
113,256
31
1,780
-
1,675
-
1,380
-
16,191
-
13,062
3,338
-
1,527
-
302,000
-
-
302,000
13,062
4,865
1,380
31
16,191
1,675
1,780
13,718
1,255
-
-
-
-
-
-
-
14,973
15,529
1,255
1,675
1,380
16,191
16,400
1,527
302,000
-
355,957
31,680
4,702
41,253
$
2,400
$
3,700
$
2,684
$
16,264
$
$
302,000
$
64,530
$
469,213
MILWAUKEE AREA TECHNICAL COLLEGE
PRO FORMA COMBINED BALANCE SHEET
IN THOUSANDS
JUNE 30, 2005
GOVERNMENTAL FUNDS
SPECIAL REVENUE
FUNDOPERATIONAL
GENERAL
FUND
ASSETS
CASH AND INVESTMENTS
RECEIVABLES
INVENTORIES AND PREPAIDS
FIXED ASSETS
AMOUNT AVAILABLE IN DEBT
SERVICE FUND
AMOUNT TO BE PROVIDED FOR:
DEBT SERVICE
COMPENSATED ABSENCES
ENVIRNOMENTAL REMEDIATION
TOTAL ASSETS
LIABILITIES
ACCOUNTS PAYABLE
ACCRUED LIABILITIES
DEBT PAYABLE
DEFERRED REVENUE
COMPENSATED ABSENCES
ENVIRNOMENTAL REMEDIATION
$
$
2,460
-
SPECIAL REVENUE
FUNDNON-AIDABLE
$
925
2,700
-
CAPITAL
PROJECTS
FUND
$
2,893
16
-
DEBT
SERVICE
FUND
$
1,500
17,021
-
$
12
8,752
1,430
21,870
$
322,000
$
-
TOTAL
(MEMORANDUM
ONLY)
$
34,137
49,766
1,483
343,870
-
-
-
-
-
-
18,371
18,371
-
-
-
-
-
-
-
-
46,752
5,100
28
46,752
5,100
28
2,460
$
3,625
$
2,909
$
18,521
$
32,064
$
250
18,884
1,850
4,580
-
$
150
935
120
-
$
750
1,200
-
$
1,529
-
$
150
-
$
$
5,641
22
-
GEN. LONGTERM OBLIG.
ACCT. GROUP
-
$
TOTAL FUND EQUITY
$
GENERAL
FIXED
ASSETS
-
42,014
FUND EQUITY
FIXED ASSETS
INVESTED IN CAPITAL ASSETS
RETAINED EARNINGS
RESERVE FOR CAPITAL PROJECTS
RESERVE FOR PREPAID EXPEND.
RESERVE FOR DEBT SERVICE
RESERVE FOR STUDENT FIN. ASSIST
RESERVE FOR POST-EMPL. BENEFITS
UNRESERVED:
DESIGNATED FOR SELF-INSURANCE
DESIGNATED FOR OPERATIONS
ACCOUNT GROUPS
INTERNAL
SERVICE
FUND
ENTERPRISE
FUNDS
$
TOTAL LIABILITIES
TOTAL LIABILITIES AND FUND EQUITY
28,807
13,176
31
-
PROPRIETARY FUNDS
$
5,663
$
322,000
$
70,251
$
499,507
350
4,847
11,602
-
85
3,500
-
$
-
$
65,123
5,100
28
$
1,585
31,045
76,725
1,970
9,680
28
25,564
1,205
1,950
1,529
150
16,799
3,585
-
70,251
121,033
31
1,780
14,639
1,255
1,675
-
1,380
-
18,371
-
13,062
2,203
-
2,078
-
322,000
-
-
322,000
13,062
4,281
1,380
31
18,371
1,675
1,780
16,450
1,255
1,675
1,380
18,371
15,265
2,078
322,000
-
378,474
42,014
$
2,460
$
3,625
$
2,909
$
18,521
$
32,064
$
5,663
$
322,000
$
70,251
15,894
$
499,507
MILWAUKEE AREA TECHNICAL COLLEGE
Description of Fund Balance Reserves
Reserve for Debt Service – A reserve of the fund balance to provide for
appropriations approved in prior budget periods, but programmed for expenditures
in future accounting periods. At June 30, 2004, the Reserve for Debt Service is
estimated at $16,191,000 and is planned to increase to $18,371,000 during the
next year due to additional tax levy required under terms of debt agreements to
pay debt service through December 2005. The limit on this reserve is the total
resources provided in the Debt Service Fund.
Reserve for Capital Projects – A reserve of a portion of the fund balance to
provide for appropriations approved in prior budget periods, but programmed for
expenditures in future accounting periods. The Reserve for Capital Projects is
estimated to be $1,380,000 at June 30, 2004, and June 30, 2005. The limit on this
reserve is the total resources provided in the Capital Projects Fund.
Reserve for Prepaid Expenditures – A reserve of a portion of the fund balance
for prepaid expenditures; that is, monies paid in the current year, but the related
expenditures are to be charged to a future accounting period. At June 30, 2004,
the Reserve for Prepaid Expenditures is estimated at $31,000 for the General Fund
and is not planned to change significantly during the next year. The limit on this
reserve is the total amount of prepaid expenditures.
Reserve for Student Financial Assistance – A reserve of the fund balance
resulting from student financial assistance programs. At June 30, 2004, the
Reserve for Student Financial Assistance is estimated at $892,000 and is not
planned to change significantly during the next year. The limit on this reserve is
the total resources provided in the Financial Aid Fund.
Reserve for Post-Employment Benefits – A reserve of a portion of the fund
balance for future expenditures related to health benefits. At June 30, 2004, this
amount is estimated to be $1,780,000 and is not planned to change significantly
during the next year, although it may be modified by specific Board action.
Designated for Self-Insurance – A designation of fund balance has been
established to provide a reserve between the budgeted expenditures and individual
limits for stop loss coverage. At June 30, 2004, this amount is estimated at
$1,527,000. The amount may be modified by specific Board action.
Designated for Operations – A designation of a portion of fund balance to provide
for fluctuations in operating cash balances and operating revenue amounts. At
June 30, 2004, for the General and Special Revenue Funds, these amounts are
estimated to be $13,718,000 or 9.7 percent and $1,255,000 or 11.5 percent,
respectively. These percentages are not planned to change during the next year,
although the amount may be modified by specific Board action.
SECTION III
SUPPLEMENTAL DATA
MILWAUKEE AREA TECHNICAL COLLEGE
Property Tax Levies, Equalized
Value, and Tax Rates
Historical Comparisons
Fiscal Years 1995-2005
Total Property Tax
Levy-All Funds
Percent
Change
Equalized Value of
Taxable Property (1)
Total Property Tax
Percent
Change
Percent
Change
Year
Amount
$
1995
70,346,000
1996
73,844,000
5.0%
37,179,514,772
5.5%
1.98
-1.00%
1997
76,498,000
3.6%
38,448,717,237
3.4%
1.99
0.51%
1998
81,059,000
6.0%
40,019,499,908
4.1%
2.03
2.01%
1999
83,143,000
2.6%
41,715,407,989
4.2%
1.99
-1.97%
2000
88,889,000
6.9%
43,555,143,106
4.4%
2.04
2.51%
2001
93,218,000
4.9%
45,957,547,951
5.5%
2.03
-0.49%
2002
101,246,000
8.6%
49,963,299,000
8.7%
2.03
0.00%
2003
106,678,000
5.4%
53,150,104,000
6.4%
2.01
-0.99%
2004
111,905,000
4.9%
56,671,147,000
6.6%
1.97
-1.99%
2005(3)
117,386,000
4.9%
60,354,772,000
6.5%
1.94
-1.52%
Amount
$
35,230,974,216
Rate (2)
2.00
(1) Due to varying assessment policies in the municipalities contained in the District, the District uses equalized
value of taxable property for tax levy purposes. This equalized value of property approximates estimated actual
(full) value of taxable property. Beginning January 1, 2000, the value of agricultural land is reflected at its use
value rather than its market value.
(2) District property tax rates are shown per $1,000 of equalized value.
(3) Levy is proposed; equalized value is projected, with final value to be determined in fall of 2004.
MILWAUKEE AREA TECHNICAL COLLEGE
Full-Time Equivalent Information
FTEs by Type:
College Parallel
Associate Degree
Vocational
Basic Skill
Community Service
Total FTEs
2003-04
Estimated
2004-05
Projected
2,869
6,670
1,095
2,562
4
2,891
6,720
1,103
2,582
4
13,200
13,300
MATC FTE History
15,000
14,500
14,000
13,500
13,000
12,500
12,000
11,500
11,000
10,500
10,000
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
1) A full-time equivalent (FTE) is equal to 30 annual student credits (subject to State approval and audit).
2) The full-time enrollment formula was changed in 1997 resulting in a decrease of approximately 325 FTEs
from prior years. This formula change also affects all future years.
MILWAUKEE AREA TECHNICAL COLLEGE
Program Offerings
Our Offerings
Our offerings cover a wide spectrum in adult education from Adult Basic Education to
technical Associate Degree programs and many areas in between. We offer a variety of
programs and the following is a listing of the areas included; however, it is not intended
to be a comprehensive listing.
Associate Degree Programs
Accounting
Administrative Assistant
Air Conditioning and Refrigeration Technology
Anesthesia Technology
Architectural Technology
Automotive Technology
Banking and Financial Services
Biomedical Electronic Technology
Business Mid-Management
Cardiovascular Technology
Chemical Technician
Civil Engineering Technology
Clinical Laboratory Technician
Computer Electronics Technology
Computer Information Systems – Microcomputer Specialist
Computer Information Systems – Network Specialist
Computer Information Systems – Programmer/Analyst
Criminal Justice–Law Enforcement
Culinary Arts
Dental Hygiene
Dietetic Technician
Early Childhood Education
eCommerce/Web Administration
Electronic Engineering Technology
Electronic Technology
Environmental and Pollution Control Technology
Fashion/Retail Marketing
Fire Science
Funeral Service
Graphic Communication Technologies
Graphic Design
Health Information Technology
Hotel/Hospitality Management
Human Service Associate
Individualized Technical Studies
Industrial Engineering Technician
MILWAUKEE AREA TECHNICAL COLLEGE
Program Offerings (Cont.)
Information Security Specialist
Interior Design
Interpreter Technician
Landscape Horticulture
Legal Secretary
Liberal Arts - Associate of Science (AS)
Liberal Arts - Associate of Arts (AA)
Logistics
LPN-RN Educational Progression
Management Development (Supervisory Management)
Marketing Management
Materials Technology (Metals)
Mechanical Design Technician
Medical Administrative Assistant
Music Occupations
Occupational Therapy Assistant
Opticianry Science
Paralegal
Photography
Physical Therapist Assistant
Radiography
Real Estate Brokerage
Registered Nursing
Registered Radiographer Educational Progression
Respiratory Care
Surgical Technology
Technical Studies (Apprentice)
Television and Video Production
Travel Services
Visual Communication/Computer Graphics
Welding Technology
Diploma Programs
Air Conditioning, Refrigeration, and Heating
Appliance Technician
Architectural Woodworking/Cabinetmaking
Auto Collision Repair and Finish Technician
Automotive Maintenance Technician
Aviation Technician – Airframe Mechanic
Aviation Technician – Powerplant Mechanic
Baking Production
Barber/Cosmetologist
Bilingual Office Assistant
Bricklaying/Masonry
Carpentry
Community Pharmacy Technician
Computer Numerical Control Operator/Programmer
MILWAUKEE AREA TECHNICAL COLLEGE
Program Offerings (Cont.)
Computerized Accounting Assistant
Dental Assistant
Dental Technician
Diesel and Powertrain Servicing
Dietary Manager
Electrical Power Distribution/Line Mechanic
Electricity
Fluid Power Maintenance
Health Unit Coordinator
Machine Tool Operations
Mechanical and Computer Drafting
Medical Assistant
Nursing Assistant
Office Technology Assistant
Pharmacy Technician
Phlebotomy
Practical Nursing
Preparatory Plumbing
Printing
Renal Dialysis Technician
Tool and Die Making
Travel Industry (Agent) Training
Welding
In addition to the aforementioned programs, the District offers Adult Basic Education,
English as a Second Language, Adult High School, and preparation for GED programs.
MILWAUKEE AREA TECHNICAL COLLEGE
Equalized Value and Budgeted
Tax Levy Distribution by Municipality
2003-04 Budget
TAXABLE
EQUALIZED
VALUATION (1)
Milwaukee County:
Village of Bayside
Brown Deer
Fox Point
Greendale
Hales Corners
River Hills
Shorewood
West Milwaukee
Whitefish Bay
City of' Cudahy
Franklin
Glendale
Greenfield
Milwaukee
Oak Creek
St. Francis
South Milwaukee
Wauwatosa
West Allis
Ozaukee County:
Town of Belgium
Cedarburg
Fredonia
Grafton
Port Washington
Saukville
Village of Bayside
Fredonia
Grafton
Newburg
Saukville
Thiensville
City of Cedarburg
Mequon
Port Washington
Washington County:
Town of Germantown
Jackson
Polk
Richfield
Village of Germantown
City of Milwaukee
Waukesha County:
City of Milwaukee
New Berlin
$
$
(1) Source: Wisconsin Department of Revenue
(2) Calculations by District Staff
PERCENT OF
TOTAL
TOTAL
TAX LEVY (2)
527,789,400
893,424,500
903,542,200
1,061,567,500
518,585,900
403,507,900
1,144,914,800
249,542,700
1,529,322,100
797,068,100
2,298,454,900
1,438,930,900
2,286,043,400
21,142,763,300
2,107,889,600
437,805,900
972,689,100
4,174,882,500
3,219,085,400
0.931319%
1.576507%
1.594360%
1.873206%
0.915079%
0.712016%
2.020278%
0.440335%
2.698590%
1.406480%
4.055776%
2.539089%
4.033875%
37.307809%
3.719511%
0.772538%
1.716374%
7.366857%
5.680290%
$
79,402,472
620,218,700
82,039,427
423,482,901
145,406,000
179,665,500
21,247,300
106,456,700
844,928,100
5,218,400
298,033,100
242,603,500
933,733,600
3,444,894,300
629,431,400
0.140111%
1.094417%
0.144764%
0.747264%
0.256579%
0.317032%
0.037492%
0.187850%
1.490932%
0.009208%
0.525899%
0.428090%
1.647635%
6.078745%
1.110673%
156,791
1,224,708
161,998
836,225
287,124
354,774
41,956
210,214
1,668,427
10,305
588,508
479,054
1,843,786
6,802,419
1,242,899
18,835,500
112,231,818
44,850,253
383,795,973
1,677,846,650
1,042,800
0.033236%
0.198040%
0.079141%
0.677233%
2.960672%
0.001840%
37,194
221,617
88,563
757,858
3,313,139
2,059
20,853,200
247,119,317
0.036797%
0.436058%
41,178
487,971
56,671,147,011
100.000000%
$
1,042,193
1,764,190
1,784,169
2,096,211
1,024,019
796,782
2,260,792
492,756
3,019,857
1,573,921
4,538,616
2,841,368
4,514,108
41,749,303
4,162,319
864,509
1,920,709
8,243,882
6,356,529
111,905,000
MILWAUKEE AREA TECHNICAL COLLEGE
Demographic Statistics for Milwaukee and Ozaukee Counties
Historical Data 1994-2003
Year
Population (1)
Number of
Households (2)
Income per
Capita (3)
Median
Age (2)
School
Enrollments
(Public and
Private) (4)
Annual
Graduates
(Public) (5)
Unemployment
Rate (6)
1994
1,062,394
404,300
$17,138
33.2
207,153
7,235
4.4%
1995
1,063,733
409,553
$21,133
33.4
205,075
7,437
3.2%
1996
1,063,486
390,200
$21,576
34.4
207,685
7,452
3.6%
1997
1,059,350
387,500
$21,811
34.8
211,395
7,602
3.9%
1998
1,059,004
403,700
$22,726
35.0
209,476
8,100
3.4%
1999
1,059,611
415,900
$23,641
35.2
208,360
8,414
3.3%
2000
1,045,267
406,100
$24,155
35.7
208,652
8,329
3.7%
2001
1,045,813
400,100
$25,986
35.9
209,236
8,547
4.5%
2002
1,048,416
407,800
$24,543
35.7
209,022
9,099
5.2%
2003
(7)
(7)
(7)
(7)
207,013
8,696
5.8%
(1) 1994 figures estimated by the Southeast Wisconsin Planning Commission; 1995-2000 from the Wisconsin
Technical College System.
(2) Data for number of households and median age from Survey of Buying Power, Sales and Marketing Management (Bill Communication, Inc.)
(3) Data for income per capita is from Editor & Publisher Market Guide (Editor & Publisher Company, Inc.)
(4) Information Series, Department of Public Instruction.
(5) 1994-1995 Data from Survey of District High Schools; 1997-2001 from Department of Public Instruction.
(6) Data from Wisconsin Department of Workforce Development.
(7) Not available.
MILWAUKEE AREA TECHNICAL COLLEGE
Course Fee History
Associate
Degree,
Adult, and
Year
College
Percent
Vocational
Percent
Avocational
Percent
Parallel
Change
Programs
Change
Programs
Change
$
$
1995
57.35
1996
59.65
$
46.10
4%
48.20
72.00
5%
86.40
20%
1997
64.35
8%
51.20
6%
102.00
18%
1998
71.55
11%
54.50
6%
120.00
18%
1999
76.35
7%
57.00
5%
164.00
37%
2000
81.30
6%
59.25
4%
188.00
15%
2001
85.90
6%
61.50
4%
216.00
15%
2002
90.00
5%
64.00
4%
230.00
6%
2003
94.00
4%
67.00
5%
230.00
0%
2004
97.00
3%
70.00
4%
230.00
0%
2005
103.00
6%
76.00
9%
230.00
0%
NOTES:
All amounts are per-credit charges.
College Parallel and Associate Degree, Adult, and Vocational Program fees are established by the Wisconsin
Technical College System Board. Avocational fees are established by the District Board to cover 100% of
instructional cost.
MILWAUKEE AREA TECHNICAL COLLEGE
Program Graduate Follow-Up Statistics (1)
Historical Comparisons
Fiscal Years 1994-2003
Year
Number of
Graduates
Number of
Followup
Respondents
Total Number
Available for
Employment
Percent
Employed
Percent
Employed
in Related
Occupation
Percent
Employed
in District
1994
2,088
1,678
1,573
94.0%
81.0%
85.0%
1995
1,974
1,743
1,555
93.0%
82.0%
81.0%
1996
1,977
1,752
1,589
93.0%
80.0%
77.0%
1997
1,929
1,582
1,467
92.0%
80.0%
77.0%
1998
1,979
1,623
1,489
93.0%
83.0%
75.0%
1999
1,934
1,443
1,300
90.0%
85.0%
77.0%
2000
2,000
1,123
1,055
87.0%
82.0%
88.0%
2001
1,711
1,018
1,047
83.0%
82.0%
86.0%
2002
1,754
1,217
1,148
85.0%
76.0%
77.0%
2003
1,938
1,216
1,149
86.0%
76.0%
73.0%
(1) Based on survey of District graduates conducted approximately six months after graduation; 2004
statistics are not available. Statistics only include graduates of the District's postsecondary vocationaltechnical programs.
MILWAUKEE AREA TECHNICAL COLLEGE
Special Revenue Fund - Non-Aidable (Non-Financial Aid Activities)
2004-05 Budgetary Statement of
Resources, Uses, and Changes in Fund Balance
2002-03
2003-04
2003-04**
2004-05
ACTUAL*
BUDGET
ESTIMATED
BUDGET
REVENUES:
Other Student Fees
$
Institutional
Total Revenues
1,350,000 $
182,000
1,350,000 $
250,000
1,406,000 $
222,000
1,420,000
250,000
$
1,532,000 $
1,600,000 $
1,628,000 $
1,670,000
Student Services
$
1,447,000 $
1,600,000 $
1,628,000 $
1,670,000
Total Expenditures
$
1,447,000 $
1,600,000 $
1,628,000 $
1,670,000
Net Revenues (Expenditures)
$
85,000 $
-
$
-
$
-
Total Resources (Uses)
$
85,000 $
-
$
-
$
-
$
85,000 $
-
$
-
$
-
Beginning Fund Balance
$
698,000 $
783,000 $
783,000 $
783,000
Ending Fund Balance
$
783,000 $
783,000 $
783,000 $
783,000
EXPENDITURES:
TRANSFERS TO (FROM) FUND BALANCE:
Reserved for Student Activities
The Trust and Agency Fund is used to account for assets held by the district as an agent for individuals, private
organizations, other governmental units, or other funds.
The 2003-04 budget contains the current revised budget.
* Rounded to the nearest thousand.
** 9 months actual and 3 months estimated
MILWAUKEE AREA TECHNICAL COLLEGE
Special Revenue Fund - Non-Aidable (Student Financial Aid Activities)
2004-05 Budgetary Statement of
Resources, Uses, and Changes in Fund Balance
2002-03
2003-04
2003-04**
2004-05
ACTUAL*
BUDGET
ESTIMATED
BUDGET
REVENUES:
Local Government
$
State
Institutional
Federal
Total Revenues
-
$
4,965,000
-
$
4,400,000
-
$
4,500,000
4,500,000
1,070,000
500,000
710,000
700,000
13,959,000
13,614,000
14,114,000
14,107,000
$ 19,994,000 $ 18,514,000 $
19,324,000 $ 19,307,000
Student Services
$ 19,991,000 $ 18,514,000 $
19,324,000 $ 19,307,000
Total Expenditures
$ 19,991,000 $ 18,514,000 $
19,324,000 $ 19,307,000
Net Revenues (Expenditures)
$
3,000 $
-
$
-
$
-
$
-
$
-
$
-
$
-
$
3,000 $
-
$
-
$
-
$
3,000 $
-
$
-
$
-
Beginning Fund Balance
$
889,000 $
892,000 $
892,000 $
892,000
Ending Fund Balance
$
892,000 $
892,000 $
892,000 $
892,000
EXPENDITURES:
OTHER SOURCES (USES):
Operating Transfer In (Out)
Total Resources (Uses)
TRANSFERS TO (FROM) FUND BALANCE:
Reserved for Student Financial Assistance
The Financial Aid Fund is used to account for those monies provided exclusively and specifically for financial aid
students. For example, work study and scholarships would be included.
The 2003-04 budget contains the current revised budget.
* Rounded to the nearest thousand.
** 9 months actual and 3 months estimated
MILWAUKEE AREA TECHNICAL COLLEGE
Enterprise Fund (Non-Television Activities)
2004-05 Budgetary Statement of
Resources, Uses, and Changes in Fund Balance
2002-03
2003-04
2003-04**
2004-05
ACTUAL*
BUDGET
ESTIMATED
BUDGET
REVENUES:
Local Government
$
Institutional
Federal
Total Revenues
1,300,000 $
-
$
-
$
11,510,000
12,525,000
11,955,000
13,681,000
32,000
-
20,000
-
$
12,842,000 $
12,525,000 $
11,975,000 $
13,681,000
$
12,996,000 $
13,700,000 $
13,316,000 $
14,736,000
Total Expenditures
$
12,996,000 $
13,700,000 $
13,316,000 $
14,736,000
Net Revenues (Expenditures)
$
(154,000) $
(1,175,000) $
(1,341,000) $
(1,055,000)
$
146,000 $
$
(8,000) $
(1,175,000) $
(1,341,000) $
(476,000)
$
(8,000) $
(1,175,000) $
(1,341,000) $
(476,000)
Beginning Retained Earnings
$
1,825,000 $
1,817,000 $
1,817,000 $
476,000
Ending Retained Earnings
$
1,817,000 $
642,000 $
476,000 $
-
EXPENDITURES:
Auxiliary Services
OTHER SOURCES (USES):
Operating Transfers In
Total Resources (Uses)
-
$
-
$
579,000
TRANSFERS TO (FROM) RETAINED EARNINGS:
Retained Earnings
The Enterprise Fund is used to account for the operations where the costs of providing goods or services to the student
body, faculty and staff, or the general public are financed primarily through user fees, including the bookstores,
food service, child care, and other auxiliary operations.
The 2003-04 budget contains the current revised budget.
* Rounded to the nearest thousand.
** 9 months actual and 3 months estimated.
MILWAUKEE AREA TECHNICAL COLLEGE
Enterprise Fund (Public Television Activities)
2004-05 Budgetary Statement of
Resources, Uses, and Changes in Fund Balance
2002-03
2003-04
2003-04**
2004-05
ACTUAL*
BUDGET
ESTIMATED
BUDGET
REVENUES:
Local Government-Operating
$
Local Government-Debt Service
1,420,000
$
2,167,000
State
500,000
$
2,830,000
500,000
$
2,780,000
700,000
3,594,000
313,000
251,000
251,000
251,000
Institutional
3,237,000
4,132,000
3,929,000
3,820,000
Federal
1,306,000
1,129,000
1,143,000
1,325,000
Total Revenues
$
8,443,000
$
2,167,000
$
8,842,000
$
2,830,000
$
8,603,000
$
2,780,000
$
9,690,000
EXPENDITURES:
Physical Plant
$
Public Service
9,247,000
10,984,000
Total Expenditures
$
11,414,000
$
Net Revenues (Expenditures)
$
(2,971,000) $
13,814,000
10,575,000
$
(4,972,000) $
13,355,000
3,594,000
10,055,000
$
(4,752,000) $
13,649,000
(3,959,000)
OTHER FUNDING SOURCES (USES):
Proceeds from Bonds
Total Resources (Uses)
3,067,000
3,767,000
4,467,000
3,300,000
$
96,000
$
(1,205,000) $
(285,000) $
(659,000)
$
96,000
$
(1,205,000) $
(285,000) $
(659,000)
Beginning Retained Earnings
$
3,051,000
$
3,147,000
$
3,147,000
$
2,862,000
Ending Retained Earnings
$
3,147,000
$
1,942,000
$
2,862,000
$
2,203,000
TRANSFERS TO (FROM) RETAINED EARNINGS:
Retained Earnings
The Public Television Fund has been established to combine the various funding resources for public television
into one separate and distinct fund in order to present the entire television operation in one section of the budget.
The 2003-04 budget contains the current revised budget.
* Rounded to the nearest thousand.
** 9 months actual and 3 months estimated.
MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT
Operating Budget Summary of Revenues (1)
Budget to Budget Comparison
REVENUES BY SOURCE:
2004-05
2003-04
Dollar
Change
Local Government
State
Student Fees
Institutional
Federal
$ 89,727,000 $ 83,130,000 $ 6,597,000
28,824,000
29,217,000
(393,000)
30,695,000
29,276,000
1,419,000
6,391,000
7,207,000
(816,000)
6,155,000
7,100,000
(945,000)
Total Revenue
$ 161,792,000 $ 155,930,000 $ 5,862,000
Percent
Change
7.9%
-1.3%
4.8%
-11.3%
-13.3%
3.8%
Revenues by Source - 2004-05
Institutional
4%
Federal
4%
Student Fees
19%
Local Government
55%
State
18%
Revenues by Source - 2003-04
Institutional
5%
Federal
5%
Student Fees
19%
Local Government
53%
State
19%
(1) The operating budget is comprised of the General and Special Revenue - Operational Funds
MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT
Operating Budget Summary of Expenditures (1)
Budget to Budget Comparison
EXPENDITURES BY FUNCTION:
Instruction
Student Services
General Institutional
Physical Plant
Total Expenditures
2004-05
2003-04
Dollar
Change
Percent
Change
$ 111,773,000 $ 107,448,000 $ 4,325,000
19,518,000
18,675,000
843,000
14,526,000
15,627,000
(1,101,000)
14,475,000
13,964,000
511,000
4.0%
4.5%
-7.0%
3.7%
$ 160,292,000 $ 155,714,000 $ 4,578,000
2.9%
Expenditures by Function - 2004-05
General
Institutional
9%
Physical Plant
9%
Student Services
12%
Instruction
70%
Expenditures by Function - 2003-04
General
Institutional
10%
Physical Plant
9%
Student Services
12%
Instruction
69%
(1) The operating budget is comprised of the General and Special Revenue - Operational Funds
MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT
TaxesTECHNICAL
on $100,000COLLEGE
House
MILWAUKEE AREA
DISTRICT
Taxes on $100,000 House
$225
$225
$200
MATC Taxes
$200
$175
Debt
$175
MATC Taxes
$150
Operating
$150
$125 $125
Operating
Debt
$100 $100
1996
1997
1998
$75
1999
2000
2001
2002
Fiscal Year
$50
$25
$1996
1997
1998
1999
2000
2001
Fiscal Year
2002
2003
2004
2005