Madison Area Technical College
District, Wisconsin
Budget
Document
Fiscal Year 2015–2016
madisoncollege.edu
INTRODUCTORY
SECTION
Madison Area Technical College
District Budget FY 2015-2016
District Board Members
Shiva Bidar-Sielaff - Employer Member
Kelly J. Crombie - Elected Official
Randy S. Guttenberg - School District Administrator
Arlyn R. Halvorson - Employee Member
Joseph J. Hasler - Employer Member
Frances M. Huntley-Cooper - Additional Member
Shawn W. Pfaff - Employee Member
Carolyn S. Stoner - Additional Member
Joel D. Winn - Additional Member
Cabinet
Jack E. Daniels, III - President
Terry Webb - Provost
Keith Cornille - Senior Vice President, Student Development and Success
Mark Thomas, Jr. - Vice President, Administrative Services
Charles McDowell - Vice President, Human Resources
Turina Bakken - Vice Provost
Timothy Casper - Senior Executive/Special Assistant to the President
Mirwais Qader - Chief Information Officer
Official Issuing Document
Timothy Casper - Senior Executive/Special Assistant to the President
(608) 246-6033
tcasper@madisoncollege.edu
Staff Preparing Document:
Sylvia Ramirez ..…………………………………..……………….…..... Budget Director
Bonny Laufenberg …………………………………………….…….... Budget Consultant
Bonnie Vandre-Blewett ………………………………………………Budget Coordinator
Ben Monty …………………………………………………….Budget and Policy Analyst
Contact Information for Budget Staff ………..…… BudgetOffice@madisoncollege.edu
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Madison Area Technical College District
MARQUETTE
JUNEAU
ADAMS
Madison College
Portage
Madison College
Reedsburg
RICHLAND
COLUMBIA
SAUK
DODGE
DANE
Madison College Watertown
IOWA
JEFFERSON
Madison College
Madison College Fort Atkinson
GREEN
ROCK
The Wisconsin Technical College System displaying the 16 districts, of which
Madison Area Technical College is a part, is shown on the subsequent map.
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TABLE OF CONTENTS
Page
INTRODUCTORY SECTION
District Board Members and Cabinet …………………………………………………
Official Issuing Document & Prepared By ……………………………………………
District and Wisconsin Technical College System District Maps ……………………
Table of Contents
……………………………………………………………………
Table of Figures
……………………………………………………………………
Letter to the Citizens of Madison Area Technical College District ……………………
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EXECUTIVE SUMMARY SECTION
Madison College: Executive Summary
……………………………………………
Major Initiatives and Successes
……………………………………………………
Progress on Madison College’s Facilities Master Plan
……………………………
Budget Inputs, Priorities and Goals ……...……………………………………………
Budget Results Summary
……………………………………………………………
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POLICY AND OPERATIONAL SECTION
Background of Madison Area Technical College District ……………………………
Governance ……………………………………………………………………………
Madison Area Technical College District Board Members ……………………………
Organizational Chart ……………………………………………………………………
District Mission, Vision, Values and Directives ………………………………………
District Board End Statements ………………………………………………………..
2014-15 Highlights ……………………………………………………………………
Budget Planning Process and Development ……………………………………………
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FINANCIAL SECTION
Fund Types ……………………………………………………………………………
Fixed Assets and Long-Term Obligations ……………………………………………
Basis of Accounting and Budgeting ……………………………………………………
Operating Budget – Governmental Funds ……………………………………………
Revenues
……………………………………………………………………
Expenditures ……………………………………………………………………
Fund Balance
……………………………………………………………………
Operating Budget - Proprietary Funds …………………………………………………
General Fixed Assets ……………………………………………………………………
Capital Budget
……………………………………………………………………
General Long-Term Debt
……………………………………………………………
Notice of Public Hearing
……………………………………………………………
Budgetary Statements of Resources, Uses and Changes in Fund Balance
Combined Budget Summary ……………………………………………………
General Fund ……………………………………………………………………
Special Revenue – Aidable Fund
……………………………………………
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TABLE OF CONTENTS
Page
FINANCIAL SECTION (CONTINUED)
Special Revenue – Non-Aidable Fund
……………………………………
Capital Projects Fund ……………………………………………………………
Debt Service Fund
……………………………………………………………
Enterprise Funds
……………………………………………………………
Internal Service Funds
……………………………………………………
Summary of Budgeted Revenue and Expenditures by Fund Type ……………………
Budgeted Expenditures by Object Level
……………………………………………
Position Summary – FTE Basis
…………………………………………………
Pro Forma Balance Sheet
…………………………………………………………....
Schedule of Long-Term Obligations ……………………………………………………
Combined Schedule of Long-Term Obligations
……………………………………
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SUPPLEMENTAL DATA SECTION
Legal Description
……………………………………………………………………
List of Campuses
……………………………………………………………………
Degree/Diploma Program Offerings ……………………………………………………
Enrollment Statistics and FTE
……………………………………………………
Distribution of Real Property Value on an Equalized Basis ……………………………
Direct and Overlapping Property Tax Rates ……………………………………………
Legal Debt Margin ……………………………………………………………………
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GLOSSARY SECTION
Glossary / Acronyms & Definitions ……………………………………………………
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TABLE OF FIGURES
CHARTS AND GRAPHS – WITH CORRESPONDING FIGURE NUMBER
1. Uses of Money
……………
2. Sources of Money ……………
3. District Resources ……………
4. Mill Rate History ……………
5. Total Mill Rate
……………
6. State Aid as % of Revenue ……
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10
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7. Federal Revenue ……………
8. Expenditures in Dollars ……
9. Operational Expenditures ……
10. Fund Balance
……………
11. Debt Service & Mill Rate ...…
ORGANIZATIONAL CHARTS, MAPS AND PHOTOGRAPHS
District Map ……………………
WI Tech College System Map …..
District Board Photographs ……
College Organizational Chart .…
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Citizens
Madison Area Technical College District
We welcome this opportunity to provide you with highlights of Madison Area Technical College’s
Fiscal Year 2015-16 financial plan to provide accessible, high quality learning experiences that meet
the needs of the diverse communities we serve. Madison College is focused on addressing the
changing student population of our District and the evolving needs of our employers -- from targeted
educational strategies for displaced workers, to flexible and accelerated program offerings, to
measures that make a bachelor’s degree more accessible. We are committed to maintaining our vision
while exercising fiscal prudency to maximize limited resources. We know that our investment in
Madison College students translates into a prosperous future for the entire region.
In 2014, Madison College unveiled its strategic plan and directives to guide our actions in the
upcoming years. That plan, supported by plans for academics and student services, and this budget are
intended to advance Madison College’s ability to serve the residents, communities and businesses of
South Central Wisconsin. The Executive Summary provides an outline of the District
accomplishments, an update on the progress on our Facilities Master Plan, overview of the Fiscal Year
2015-16 major budgetary inputs and process, and a synopsis of the budget results. The remainder of
this document presents the Fiscal Year 2015-16 Madison Area Technical College budget in greater
detail.
Madison College is a public educational institution that is responsive to the needs of its citizens,
employers and partners. Because we are interested in assuring our communications meet those needs,
we welcome your comments, concerns or suggestions. Please feel free to contact Dr. Tim Casper,
Senior Executive/Special Assistant to the President, whose contact information is provided on page 1
of this document.
Respectfully submitted,
Jack E. Daniels, III, Ph.D.
President
Carolyn S. Stoner
FY2014-15 District Board Chair
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EXECUTIVE SUMMARY
SECTION
MADISON COLLEGE: EXECUTIVE SUMMARY
Madison Area Technical College’s FY2015-16 budget document provides a broad overview as well as
detailed explanations of our budget and how this year’s process was completed. The Executive
Summary highlights some of the accomplishments over the last year, provides an update on the progress
made on the Facilities Master Plan, defines the budgetary inputs used to develop the FY2015-16 budget
as well as the goals considered in the budget planning process, and summarizes the budget results.
INSTITUTIONAL SUCCESS – MAJOR INITIATIVES AND SUCCESSES
A few of the many student accomplishments achieved in the last year:
Students in the Mentoring Minority Male Scholars Program (3MSP) during the fall 2014 semester were
very successful in their studies, including four students who transferred to another higher educational
institution after the fall semester.
Madison College students and graduates in the following programs exceeded pass rates for national
exams:
• Dietary Manager students earned a 100 percent pass rate on the Dietary Manager national exam.
The national pass rate is 69 percent.
• One hundred percent of Respitory Therapy students who sat for the national examination passed.
This is above the national average of 78 percent.
Students and Alumni that won competitions:
• Nursing student Patty Hawkins was the first Madison College student to be elected to serve as
the student liaison to the Madison College District Board. This new position provides an
opportunity for a student to be elected by other students and serve as a non-voting representative
to the Board.
• The Women’s Volleyball team claimed their second national title, beating Lorain County
Community College (OH) in a five game match, at the 2014 National Junior College Athletic
Association’s Division III National Championship. Four players made the all-tournament team.
• The student newspaper, The Clarion, won a first place in the Best of Show competition for
special sections and was Pacemaker Finalist at the Associated Collegiate Press National College
Media Convention.
• Student Andrew McLaughlin was one of four statewide receipients of the highly competitive
Grainger Tools for Tomorrow Scholarship.
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A SkillsUSA national gold metal went to Madison College’s Automated Manufacturing
Technology team for their demonstrated skill in computer-aided drafting/design (CAD),
computer aided manufacturing (CAM) and computer numerical controlled machining (CNC).
Architectural Technology student Brook Boughton received the Dean’s Award of Excellence
from the University of Wisconsin-Milwaukee. Brook plans to utilize the scholarship when he
tansfers to UW Milwaukee in fall 2015.
Note: For additional detailed Madison College successes go to the Policy and Operational Section,
pages 11-24.
PROGRESS ON MADISON COLLEGE’S FACILITIES MASTER PLAN
In FY2009-10, Madison College undertook the development of its first Facilities Master plan in a
generation. The College’s board of trustees adopted the plan in June of 2010 and it served as the basis
for the $133,770,000 referendum that passed by nearly 60% of the vote on November 2, 2010. The
referendum represented the culmination of extensive research to forecast our community’s needs for
education and job training (the Academic Plan) and included an assessment of facilities to meet the
future needs of our students and the regional economy.
Madison College began implementation of the “Smart Future Building Plan” immediately after the
election to take advantage of historically low-interest rates and the competitive bidding climate for
construction projects. These two factors permitted the College to make significant progress on its
Facilities Master plan.
The following projects were completed before the end of 2012:
• Protective Services Facility - Truax
• Regional Campus Additions and Remodeling - Fort Atkinson, Watertown, Portage and
Reedsburg
The following projects were completed before the fall 2013-14 Semester:
• Health Education Center - Truax
• Ingenuity Center - Truax
• Student Gateway and Achievement Center - Truax
The College is in the process of building for its:
• Culinary and Baking Programs - Truax. Expected completion date of December 2016.
• Emergency Vehicle Operators Course and Tactical Training Center - Columbus. Expected to
begin operations in 2016.
BUDGET INPUTS, PRIORITIES AND GOALS
The following major budgetary inputs were used to develop the FY2015-16 operating budget:
• Targeted net reductions totaling $4.24 million, including the elimination of 15 FTE positions.
• Policy changes reducing costs associated with hiring activity and benefits of $4.7 million.
• Policy changes regarding state aids of $558,000.
• Use of limited operational revenue (levy) growth factor $1.77 million.
• Support from auxiliary service funds totaling $450,000.
• Transfer from reserve for compensated absences of $575,000 to cover expected retiree costs.
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Minor revenue re-estimates of $238,000.
Minor expenditure adjustments of $803,000.
Tuition rate increases as set by the Wisconsin Technical College System Board.
Assumed a 2.5% increase in the equalized value of property.
In addition to the major budgetary inputs, the following goals were considered in the budget planning
process:
• College Initiative Contingency - The College Initiative Contingency exists to support any salary
and wage adjustments for FY2015-16, cover any unanticipated shortfalls in revenues, and fund
projects associated with the College’s Strategic Plan.
• Capital Planning Needs - A goal to support the Academic Plan by implementing aspects of the
Facilities Master Plan, invest in academic equipment for training and education, refresh
technology, and complete enterprise-wide IT initiatives.
• Planned Fund Balance Uses - The Wisconsin Technical College System requires districts to have
a plan for fund balances. To adhere to these WTCS requirements, the FY2015-16 budget
includes a transfer of fund balance from the internal services funds to the general fund. The
planned spend down of the fund balances will not affect the levels of services and offerings
supported by these funds for FY2015-16.
The FY2015-16 budget is shaped, in part, by the College’s Strategic Plan and its associated directives.
The College’s Strategic Plan is supported by its Academic Plan (IMPACT Initiative) and Student
Services Plan (Pillars of Promise). The College engaged its faculty, staff, and students regarding the
budget development through its shared governance process. For an in-depth explanation of the roles and
relationship of these groups and processes, please see the Budget Planning Process section on pages 2530 in the Policy and Operational Section of this document.
BUDGET RESULTS SUMMARY
0B
For FY2015-16, the total proposed tax levy will increase by 2.70% with a resulting estimated mill rate
increase of 0.20%. The increase in the levy is due to the estimated value of net new construction within
the District. For more information regarding this policy change, see the Budget Planning Process and
Development section of this document. In the District’s FY2015-16 budget, the calculated tax impact on
an average single family home in the City of Madison valued at $237,678 would be an increase of $0.44.
Compared to the adjusted FY2014-15 budget, expenditures for all funds (governmental and proprietary
funds) for the FY2015-16 budget decreased 2.43% to $331,095,318, while operating expenditures
(governmental funds only) decreased by 2.30% to $305,897,318. To support those expenditures, total
revenues for all funds decreased by 1.15% to $277,981,681 and operating revenues decreased by 0.78%
to $253,096,681. The functional categories of planned expenditures or the planned uses of money for
FY2015-16 are represented in Figure 1 and Figure 2. A significant portion of Student Service
Expenditures, 75.50%, and the majority of Federal Revenue, approximately 92.0%, is composed of
student financial aid.
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USES OF MONEY GOVERNMENTAL FUNDS - FY2015-16
Expenditure Budget
Auxiliary
Services
2.7%
Public Service
0.2%
Physical Plant
23.2%
Instruction
41.9%
General
Institutional
5.0%
Instructional
Resources
2.6%
Student
Services
24.4%
Figure 1
DISTRICT RESOURCES - Revenues for Governmental Funds
FY2015-16
Institutional
2.6%
Local
Government
25.4%
Tuition & Fees
16.5%
Federal
23.8%
State
31.8%
Figure 2
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POLICY AND OPERATIONAL
SECTION
Background of Madison Area Technical College District
Madison Area Technical College was first chartered as the Madison Industrial School in 1912,
enrolling 63 students in its first classes. In 1917, the federal Smith-Hughes Act provided
additional funding for vocational education, and the Madison Industrial School became known as
the School of Vocational Education. Attendance continued to grow as the result of state
legislation enacted in 1933 requiring compulsory education until the age of eighteen, which
served to increase the number of students enrolled in high school and opened space at the
vocational schools for more adult students. These changes in focus resulted in another name
change in 1937 to the Madison Vocational and Adult School. Increasing state control and
budgetary difficulties led to legislation, enacted in 1965, requiring formation of vocational
districts by 1970. The Area Vocational, Technical and Adult Education District No. 4 was
legally organized on July 1, 1967, under the provisions of Chapter 292, Laws of Wisconsin 1965.
Its name was changed in 1992 to Madison Area Vocational, Technical and Adult Education
District; and in 1994 to Madison Area Technical College District.
The District is composed of the majority of five counties
(Dane, Columbia, Jefferson, Marquette and Sauk) and parts
of seven other counties (Adams, Dodge, Green, Iowa, Juneau,
Richland and Rock). There are 225 municipalities and 40
public school districts within the District’s boundaries. The
District contains 4,414.48 square miles and had an equalized
valuation for fiscal year 2014-15 of $69,564,373,725. The
population in 2014 was 744,676. The District operates
campuses in five cities: Fort Atkinson, Madison, Portage,
Reedsburg and Watertown.
Governance
The governing body of Madison Area Technical College District is the District Board, which
consists of nine members. The members are appointed to staggered three-year terms by the
county board chairpersons of the twelve counties in the District who meet once a year to appoint
three members. The District Board membership categories include two employers, two
employees, three additional members, one school district administrator and one elected official
who holds a state or local office. The District Board powers, which include the authority to levy
property taxes and borrow monies, are established under the provisions of Chapter 38 of the
Wisconsin Statutes. Current members of the District Board are shown on the next page.
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Madison Area Technical College District Board
FY 2015 - 2016
Kelly J. Crombie
Randy S. Guttenberg
Arlyn R. Halvorson
Joseph J. Hasler
Frances M. HuntleyCooper
Shawn W. Pfaff
Shiva Bidar-Sielaff
Joel D. Winn
Carolyn S. Stoner
Jack E. Daniels III, Ph.D.
[Elected Official]
Term Expires 6/30/17
Mayor, City of Columbus
Owner, Mullin’s Drive-In
Attorney, Crombie Law Office LLC
Board Treasurer
[Employee Member]
Term Expires 6/30/18
Dane County Highway
Department and President
of American Federation of
State, County and Municipal
Employees Local 65
[School District Administrator]
Term Expires 6/30/18
Superintendent, Waunakee
Community School District
[Employer Member]
Term expires 6/30/16
Attorney, LaRowe Gerlach
Taggart, LLP
Board Vice Chair
[Employee Member]
Term expires 6/30/16
President,
Pfaff Public Affairs LLC
Mayor, City of Fitchburg
[Additional Member]
Term Expires 6/30/17
Retired
[Additional Member]
Term Expires 6/30/18
Director of Community
Partnerships and Interpreter
Services at University of
Wisconsin Hospital and Clinics
Board Secretary
[Additional Member]
Term Expires 6/30/17
Retired
President
Madison Area Technical College
Board Chair
[Additional Member]
Term Expires 6/30/16
Retired
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01286 031115
School of Business
& Applied Arts
School of Health
Education
School of Human &
Protective Services
Metro/Regional
Campuses
School of Academic
Advancement
School of Applied
Science, Engr. &
Technology
School of Arts &
Sciences
Interest Based
Problem Solving
Terry Webb
Provost
Continuing
Education
Marketing
Center for
Excellence in
Teaching & Learning
Business & Industry
Services
School of Online &
Accelerated
Learning
Turina Bakken
Vice-Provost
Center for
Entrepreneurship
Ellen Hustad
Executive Asst
Cary Heyer
Interim Director of
Communications/Strategic
Marketing
Public Relations
School of
Workforce &
Business Devt.
Tammy Thayer
Chief Executive Officer
Foundation
Madison College Foundation
Board of Directors
Madison College Organizational Chart
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International
Education Center
Center for Student
Development
Center for Student
Life & Enrichment
Recruiting & K12
Relations
Center for
Academic Support
Services
Institutional
Research &
Effectiveness
Auxiliary Services
Procurement
Technology
Services
Facility
Services
Events
Risk Management
Public Safety
Services
Financial Services
Mark Thomas
VP Administrative Services
Grants
Tim Casper
Sr. Executive/Special
Assistant to the President
Judith CastroRomaker
Executive Asst
Budget
Carolyn Jarrett
Legal Advisor
Center for
Enrollment Support
Services
Keith Cornille
Sr. VP of Student
Development & Success
Jack E. Daniels, III
President
Madison College District
Board of Trustees
Health & Wellness
Employee & Labor
Relations
Employment
Recruitment &
Retention
Payroll & Records
Retention
Certification
Benefits,
Classification/
Compensation &
Training
Chuck McDowell
VP Human Resources
1-27-15
District, Mission, Vision, Values, and Directives
Mission:
Madison College provides open access to quality higher education that fosters lifelong learning and
success within our communities.
Vision:
The leader in accessible, affordable higher education that meets the evolving needs of our diverse
communities.
Values:
• Excellence
• Respect
• Commitment to students and diverse communities
• Making higher education available to all
Strategic Directives:
1. Focus on successful outcomes for students:
• Easy and standardized process for
enrollment
• Improve advising
• Mandatory orientation and advising
• Pair basic education classes with credit
courses or programs
• Increase flexible offerings
• Standardized and increase access to
textbooks
4. Address student preparedness:
• Expand testing and assessment to be more
comprehensive “success predictors”
• Develop an advising based profile to
address learning styles and unique needs
• Initiate better and stronger K-12
connections
• Offer credit for prior learning
• Improve Bridge programming
• Improve early alert
2. Ensure our sustainability:
• All locations to have adequate resources
• Consolidate campuses
• Address access: parking, transit
• Improve campus atmosphere and resources
at all campuses beyond the classroom
• Address continued affordability
• IT infrastructure
5. Align with community needs:
• Gain more employer input and partnering
across districts
• Strengthen work/learning opportunities
• Provide community access to college
resources (space, expertise, technology)
• Increase opportunities to bring the
community to campus(es)
• Improve community input
• Integrate entrepreneurship support services
3. Support our faculty & staff:
• Transparent and full communication
• Professional ongoing development
• Reassess positions and pay structure for all
faculty, staff and students
• Create a formal shared governance
• Improve faculty space
• Implement a succession plan
6. Improve recruitment & strategic outreach:
• Comprehensive outreach
• Easy registration and navigation on website
• Outreach to non-traditional students
• Market the affordability of our college
• More recruiters representative of the
districts they serve
• Improve mobile access
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District Board End Statements
In June 2014 the Madison Area Technical College District Board adopted the following “Ends
Statements,” or outcome statements for the college:
1.1
Education
Students achieve their educational goals.
1.1.1 Job Seekers
Job seekers have the qualifications, skills and abilities to succeed.
1.1.2 Students
Students seeking transfer will succeed at their next educational institution.
1.1.3 Lifelong Learning Adults
Lifelong learning adults will achieve their workplace and personal enrichment
goals.
1.2
Economy
Communities have the leadership and educational resources to generate and sustain
economic base jobs.
1.2.1 Community Leadership
Leaders understand the importance of economic base jobs to the region.
1.3
College
Leaders are proactive in promoting access and eliminating achievement and skills gaps
based on diverse backgrounds and income.
1.4
Communities
District residents are engaged with Madison Area Technical College.
The District Board End Statements reflect the Board’s long-term vision for the college related to
who will be benefited, in what ways, and at what cost. The following college highlights are
presented within these Board End Statement categories.
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2014-15 College Highlights
1.1 Education: Students achieve their educational goals.
Job Seekers
 The most recent Graduate Employment Report, which surveys graduates six months after
graduation, indicates that 89 percent of Madison College graduates find jobs within six
months of graduation. Of those, over 74 percent of graduates are employed within the
district and almost 94 percent are employed within the state of Wisconsin. The average
monthly salary for a Madison College graduate employed in a position related to their degree
is $2,827.
 A new one-year fabrication technical diploma will introduce students to the cutting, forming
and joining of common manufacturing materials. Hands-on training will promote mastery of
fundamental concepts that include safety, measurement, layout, forming, joining, assembly,
finishing and production. The average starting salary for fabricators within the Madison
College District is $14.00 per hour, and fabricators have many opportunities for increased
earning power from their starting base salary. Fabrication positions have grown in the
Madison College District by 18.1 percent since 2010, leading to 170 new jobs in the district.
 Madison College was awarded over $5.0 million as part of the Wisconsin Fast Forward grant
earmarked for Wisconsin technical colleges. This grant will support training for 934
additional workers for careers in machine tooling, construction, welding, industrial
maintenance, metal processes and repair techniques, and nursing assistants. The grant is part
of the Governor’s Blueprint for Prosperity initiative to train more workers for high-demand
technical jobs across the state.
 The Court Reporting program received a $550,000 Fund for the Improvement of
Postsecondary Education (FIPSE) grant from the U.S. Department of Education for
recruitment, training and support of real-time writers (captioners). Madison College’s Court
Reporting program has a 100 percent job placement rate. Graduates find positions as judicial
reporters; broadcast captioners; Communication Access Real-time Translation (CART)
providers for the deaf, hard-of-hearing and English as a Second Language (ESL)
communities; and as webcasting and Internet information reporters.
 Graduates from Madison College programs continue to perform above the national average
on their first attempt at certification exams:
Program
Advanced Emergency Medical Technician
Associate Degree Nursing
Certified Paralegal
Dental Hygiene
Dietary Manager
Emergency Medical Responder
Emergency Medical Technician
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Madison College
Pass Rate
95%
92%
76%
100%
100%
93%
95%
National Average
Pass Rate
71%
87%
59%
83%
69%
78%
79%
Madison College
Pass Rate
93%
100%
100%
100%
100%
100%
100%
82%
90%
Program
Medical Assistant
Medical Laboratory Technician
Occupational Therapy Assistant
Optometric Technician
Physical Therapy Assistant
Radiography
Respiratory Therapy
Surgical Technologist
Therapeutic Massage
National Average
Pass Rate
69%
79%
83%
86%
80%
93%
78%
76%
69%
Student Transfer
 Madison College and Cleary Building Corporation signed an articulation agreement that
allows employees of the Verona-based construction company, who have completed
coursework through its Steel Wood University, to receive credits from Madison College. In
turn, those credits can be applied toward the fulfillment of requirements for certain associate
of science degree programs including Business Management, Marketing and Supervisory
Management.
 Madison College was one of three colleges selected to participate in a $1.4 million National
Science Foundation (NSF) grant aimed at expanding STEM (Science, Technology,
Engineering, Math) talent through upward transfer. The four-year, longitudinal research
project, led by the UW-Madison School of Education, will examine what influences student
transfer from two-year colleges to four-year institutions in STEM programs or courses.
Nearly 1,000 Madison College students are participating.
 An articulation agreement was signed with University of Wisconsin-Platteville that allows
students to attend two years of Veterinary Technician courses at either Madison College or
UW-Platteville and then complete two years at UW-Platteville, acquiring both an associate
and a baccalaureate degree.
Lifelong Learning Adults
 The Commission on Accreditation of Allied Health Education Programs awarded continuing
accreditation to the Medical Assistant Diploma program.
 The accrediting agency for the College’s Radiography program approved the program for the
maximum (eight year) reaccreditation.
 The Accreditation Commission for Education in Nursing reaffirmed accreditation for the
Associate Degree Nursing program, with the next visit scheduled for Fall 2019.
 The Emergency Medical Technician program received its initial accreditation from the
Commission on Accreditation of Allied Health Education Programs.
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 Beginning in September 2014, the Truax library began offering open business hours on
Sundays.
 The College’s fifth Student Achievement Center was opened at the Downtown Education
Center. With locations also at Truax, Fort Atkinson, Reedsburg and Watertown, these
centers provide an academic community space for students that enhances learning and
student success by bringing together many academic support services into one location.
 A Wisconsin Technical College System General Purpose Revenue (GPR) grant funded the
creation of a “bridge” to the nursing program. The bridge consists of two semesters of skill
building in reading, writing, math and chemistry before moving on to pre-nursing general
education courses.
 Madison College’s School of Academic Advancement partnered with the School of Applied
Science, Engineering and Technology to develop a 36-hour “bridge” to Construction
Essentials, which is part of a career pathway where students can transition to a carpentry
apprenticeship, cabinet and millwork program, or a ten-credit certificate in Carpentry
Foundations.
 The Center for Enrollment Support Services implemented a new Modular Math scheduling,
registration and tracking tool that allows students to access a third party customized course
where they can progress into higher level math classes at their own pace.
 Madison College has experienced a steady increase in the number of GED test-takers,
leading the state of Wisconsin in the number of tests administered. Seating was recently
increased at the Commercial Avenue Campus to meet the demand. GED graduates are
showing high achievement on COMPASS testing, indicating that they are prepared for postsecondary education.
 The District Board approved nine construction/remodel projects at Truax campus that will
result in renovations over a three-year period. These projects include an expansion of the
Culinary Arts program and remodeling to enhance the Baking/Pastry Arts and Barber
Cosmetology programs. Remodeling will also occur to enhance student services such as
cafeteria and food service operations, Student Life, Student Development, Student Career
Services, and the Student Den. New meeting rooms are included in the renovations as well
as an expansion of the College’s Shipping/Receiving area. Culinary Arts, meeting rooms and
Shipping/Receiving are the first phase of renovations and are scheduled to begin in June,
2015.
 Students now have access to Brainfuse, a 24/7 online tutoring service for subjects that
include math, sociology, psychology and Spanish. Launched the first week of the spring
semester, a steady increase in sessions has been experienced each month since January.
 The Career and Employment Center launched an online version of a career planning
workshop that uses video, voice narration and interactive activities to guide students through
a career planning process.
18
 Biotechnology instructor Tom Tubon coordinated the creation of a “Biotechnology
Bootcamp” for students in 7th through 10th grade. Sixteen participants participated in a total
of 20 hours of instruction in Biotechnology. Future boot camps have been requested.
 The Portage Campus will undergo some remodeling to create three standard-sized rooms
where two existing large rooms currently exist. The new space will include a computer lab
for standardized testing, general lecture classroom, and active learning classroom.
1.2 Economy: Communities have the leadership and
educational resources to generate and sustain economic base jobs.
 Madison College’s Continuing Education Department continues to provide customized
training, organizational development, and technical assistance to businesses throughout the
district in areas such as leadership, manufacturing skills, continuous improvement and
software. Business, industry and local community organizations come to Madison College
for training that helps them be successful and viable in a highly competitive environment.
FY2014-15 customers include Robbins Manufacturing in Fall River, Columbia County,
Bobcat, City of Madison, Spectrum Brands, Culvers, Trienda in Portage, NASCO in Fort
Atkinson, Madison Metropolitan School District, Dean Health Insurance, Wisconsin
Department of Administration, Madison Kipp Corporation, and Nestle Purina in Jefferson.
1.3 College: Leaders are proactive in promoting access and eliminating
achievement and skills gaps based on diverse backgrounds and income.
 Two “College Success” grants from Great Lakes Higher Education Guaranty Corporation
totaling nearly $241,000 are providing support services to more than 300 students from lowincome backgrounds, students of color, and students who are first in their families to attend
college. The funds will support interventions that keep at-risk, first-year students on a path
to graduation.
 Students participating in the Mentoring Minority Male Scholars Program during the fall 2014
semester were very successful in their studies: 80 percent of those enrolled in 6-11 credits
passed all of their courses, and 88 percent of those enrolled in twelve or more credit passed
all of their courses. In addition, four students transferred to a different higher education
institution after the fall semester. The Mentoring Minority Male Scholars Program, or
3MSP, brings together male students of color with male leaders who provide support,
encouragement and guidance for personal and academic success.
1.4 Communities: District residents are engaged with Madison Area Technical College.
 Madison College hosted “Find Your Future @ Madison College,” a day-long event for
approximately 200 Madison Area high school students with disabilities.
 A one-year contract was signed with the Biotech Industry Museum (operating as the Madison
Science Museum) to lease vacated space on the sixth floor of the Downtown Education
Center. This space will be used for the museum’s administrative offices and public Learning
Center.
19
 Madison College purchased approximately 40 acres of land and improvements in Columbia
County for the development of a driver training Emergency Vehicle Operator’s Course
(EVOC) that will be used by protective services programs.
Enhancement of Collaborative Community Efforts
 President Daniels introduced the concept of making policy recommendations based on a
model that considers interests, options and related recommendations. This tool, Interest
Based Problem Solving, is used to gain consensus on various issues. A sample of issues that
have been resolved through this process includes early retirement options, leaves and
summer school working conditions. This tool is used in the College’s governance framework
that results in actions recommended by the College’s shared governance body, the Assembly,
and its Councils.
 A monetary gift from DMB Community Bank will result in endowed scholarships and a new
accounting lab in the School of Business and Applied Arts division at Truax Campus.
 Cellular Dynamics International donated cell culture reagents and equipment valued at
$60,000 to the College’s biotechnology program.
 The Medical Laboratory Technician program received new equipment that included a
Sysmex hematology analyzer valued at $35,000 and a Radiometer America hemistry ABL
blood gas analyzer valued at $15,000.
 Madison College has hosted the World Dairy Expo Championship Dairy Product contest in
recent years. To show gratitude for their partnership with Madison College, the Wisconsin
Dairy Products Association will give a $2,500 annual donation for the College’s culinary
program, in addition to products they donate after each competition.
 Madison College was the beneficiary of a $50,000 gift from Meriter-Unity Point Health
Systems. Meriter-Unity has supported scholarships for students who are pursuing an
education in a heath program since 2004, and has served as a site for clinical relations and
other hands-on learning. The gift will be added to the Healthcare Advancement Fund to
support health education programs at the College.
20
Student Accomplishments
 Nursing student Patty Hawkins was the first Madison College student to be elected to serve
as the student liaison to the Madison College District Board. Elected by her fellow students,
Patty is serving a one-year term through June 2015. This new position provides an
opportunity for a student of Madison College to serve as a non-voting representative to the
District Board.
 Fifty Madison College students in construction and industrial trade apprenticeship programs
received $1,000 Tools of the Trade Apprentice Scholarships awarded by Great Lakes Higher
Education Corporation and Affiliates. The recipients include many with diverse experiences
such as single parents, military veterans, and recent high school graduates or displaced
workers.
 The Madison College baseball team’s FY2014-15 season came to an end in their second
game at the National Junior College Athletic Association’s (NJCAA) Division II World
Series. The WolfPack finished the season with a 42-12 overall record, a Region IV title, a
conference title and a Division II record sixth straight World Series appearance.
 Student Andrew McLaughlin was chosen as one of four statewide recipients of the highly
competitive Grainger Tools for Tomorrow Scholarship that is awarded to two-year and
apprenticeship schools. Andrew received a $2,000 scholarship for his education.
 For the second straight year, the women’s volleyball team won the National Junior College
Athletic Association’s Division III National Championship. The team finished its season 303 overall, and four players were selected to the all-tournament team. Coach Toby Parker was
named “National Coach of the Year.”
 A SkillsUSA national gold medal went to the three-member Madison College Automated
Manufacturing Technology team for their demonstrated skills in computer-aided
drafting/design (CAD), computer aided manufacturing (CAM), and computer numerical
controlled machining (CNC). Four additional students placed in the top ten in the nation in
their respective fields.
 The Clarion student newspaper received a first-place Best of Show for special sections at the
Associated Collegiate Press National College Media Convention. They were also recognized
as a Pacemaker Finalist, which is unofficially known as the “Pulitzer Prize” of student
journalism. The newspaper placed third for Best in Show for two-year college tabloid
newspapers.
 Interior Design students received top honors at an annual statewide interior design
competition, bringing home 14 top awards. With 60 students competing from Madison Area,
Waukesha County, Gateway and Fox Valley technical colleges, categories included textiles,
history of furniture, and fundamental interior design knowledge in a written exam, and
testing space planning and material selection skills in an “on the spot” design competition in
residential, commercial or kitchen design. Interior design professionals specializing in
residential, commercial or kitchen design judged the students’ projects.
21
 Students from the Respiratory Therapy program won the Sputum Bowl at the North Regional
Respiratory Care Conference. These students will travel to Florida in November to compete
against other state teams at the American Association for Respiratory Care Conference.
 Students from the Medical Laboratory Technician program took first place honors against
nine other teams from around the state at the American Society for Clinical Laboratory
Science Wisconsin state meeting.
 Eight awards were presented to Madison College’s student newspaper The Clarion as part of
the Wisconsin Newspaper Association Foundation’s Collegiate Newspaper Contest.
Stephanie Beirne Leuer received a first-place award in feature writing and Andrea DeBauche
received a second place award in the freedom of information category. Charles Schoemaker
received a second place award in general web excellence, and Ryan Spoehr received a third
place award in the investigative reporting category. Three awards were presented to The
Clarion in the best advertisement category, and the newspaper took third place in overall
general excellence for newspapers that are published weekly or less frequently.
 Student Miriam Paiz was selected as a 2015 Coca-Cola Community College Academic Team
Bronze Scholar. Selection is based on scores that students earned in the All-USA
Community College Academic Team competition, in which more than 1,700 applications
were received.
 Madison College’s chapter of Phi Theta Kappa Honor Society was awarded a 5 Star Chapter,
which is the highest rating possible, during the regional conference in Appleton. First place
honors were also received for Outstanding Officer, Outstanding Member, Action Research
Project, and Poster Session.
 Madison College students earned two of the top five awards at the Wisconsin Post-Secondary
Agriculture Student Agricultural Machinery Service Technician Award (AMSTA) state
competition. Open to all technical colleges in Wisconsin, students are judged on various
agricultural equipment stations including tractors and implements as well as a written exam.
 Architectural Technology student Brook Boughton received the Dean’s Award of Excellence
from the University of Wisconsin-Milwaukee School of Architecture and Urban Planning.
Brook plans to utilize the scholarship when he transfers to UW-Milwaukee in the fall of
2015.
 Students from the John Deere/Agriculture Technology program competed and placed at the
national Postsecondary Agricultural Student (PAS) Organization’s conference in Boise,
Idaho, in March. Students Chris Meyer and William Sessions placed third, while Cody
Waldschmidt and Lucas Wiese placed ninth out of 19 teams.
22
Staff Accomplishments
 Biotechnology instructor Tom Tubon was awarded the 2014 Latino United for College
Education Scholarship (LUCES) award.
 Culinary instructor Kevin McGuinnis received the Educator of the Year award from the
Wisconsin Restaurant Association.
 Recreation Management program director Tracie Bowers was awarded the Recreation
Professional of the Year award during the annual Wisconsin Parks and Recreation
Association conference.
 Psychology instructor Trey Mireles received the 2014 Excellence in Teaching Award from
the Council for Accelerated Programs. Recipients are recognized for demonstrating
excellence in their ability to relate, encourage and challenge students to achieve at their
maximum performance and who make learning relevant and meaningful.
 Meeting and Event Management instructor Janet Sperstad was named a “Trendsetter for
2014” by industry magazine Meeting Focus. She was also elected to the 2014-16 Certified
Meeting Professional Board and will be the first academic chair.
 Meeting and Event Management instructor Jodi Goldbeck was awarded the “Hall of Fame”
award by the Wisconsin Chapter of Meeting Professionals International.
 Student Life Director Renee Alfano and Process Improvement and Innovation Manager
Marty Crabbs were honored by the Phi Theta Kappa International Honor Society for TwoYear Colleges. Recognized for their work with members of Madison College’s Beta Beta Psi
Chapter, Renee received the Continued Excellence Award for Advisors and Marty received
the Horizon Award for the Wisconsin Region and the Paragon Award for New Advisors at
the international level.
 Chemistry instructor Karen Anderson received the 2015 American Chemical Society’s
Committee on Environmental Improvement Award for Incorporating Sustainability into
Chemistry Education. As part of the award, Karen presented “It’s About Connections –
Sustainability in Liberal Arts” at the national meeting.
 Political Science instructor Janet Stevens was awarded the John and Suzanne Roueche
Excellence Award for outstanding teaching.
 Marketing instructor Kristin Uttech was recognized as one of 14 Top Business Innovators in
Madison for her work in the College’s Digital Marketing program.
23
College Accomplishments
 Madison College’s Financial Resources team was awarded the Certificate of Achievement
for Excellence in Financial Reporting by the Government Finance Officers Association of the
United States and Canada. This award is the highest recognition for governmental
accounting and financial reporting.
 Three entries submitted to the National Council for Marketing and Public Relations
(NCMPR) District 3 Medallion Awards captured “Top Three” honors in the Electronic
Newsletter, Viewbook and College Promotional Video categories. NCMPR District 3
includes five states and one Canadian province, with more than 50 entries in each category.
 The Student Achievement Center website was awarded third-place honors by the National
College Learning Center Association for website excellence. The website was just launched
last year.
 The Automated Manufacturing Systems Technology (AMST) program was invited by
FANUC Robotics to participate in a student summit at the International Manufacturing
Technology Show in Chicago. FANUC Robotics wished to further promote Madison
College’s instructors, location and commitment to offering students and the community the
best education in advanced automation, directly in line with FANUC’s commitment and
corporate responsibility to support the skills gap in manufacturing.
 For the first time in school history, Madison College now has a National Junior College
Athletic Association intercollegiate women’s soccer program.
 A Secondary Data Center will be constructed at the Fort Atkinson Campus to ensure system
stability for infrastructure technology systems and to reduce the risk of unanticipated system
failures. It will provide failover capacity of services for such things as TelePresence, 911
and phones, Internet, and wireless and portal for students, faculty and staff in the event of a
primary data center failure.
 Madison College launched the Workday Human Resources/Payroll module on January 1,
2015, and Finance is scheduled to launch in October 2015. Workday is an enterprise
business service software application that integrates human resources, payroll, finance, and
purchasing. It delivers these applications in a cloud model that allows people to work
collaboratively in a real-time environment.
 Madison College’s international programs were selected by the Institute for International
Education to receive one of the preeminent best practice awards in the field – the Andrew
Heiskell Award for Innovation in International Education. This award honors the most
outstanding initiatives in international higher education, and showcases the most innovative
and successful models for internationalizing the campus, study abroad, and international
partnership programs.
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Budget Planning Process and Development
Multi-Year Planning
The fiscal year 2015-16 Madison Area Technical College planning structure includes four major
actors or processes that have a role in strategic planning and budget development. These actors
are the District Board, the President’s Cabinet, the College’s shared governance, Assembly, and
various units of the College, both alone and as larger areas represented in the unit planning
process.
The role of the District Board, whose members are appointed by the County Board Chairs of the
District, is to approve the mission, vision, and values for the College. The College uses the
Board's vision and themes to determine the most important outcomes to pursue to achieve that
vision and to assess and track progress on meeting those outcomes. The College, through the
work of the President’s Cabinet and using the shared governance process, then articulates the
desired outcomes as the College Directives, which are detailed in the College’s Strategic Plan.
Individual units and divisions of the College, which make up all employee work groups,
participate in the strategic planning process through the unit planning process. Unit plans are
intended to create a vision for the future, identify how individual units can support college
advancement, and help support and achieve the College Directives as defined in the College’s
Strategic Plan, its Academic Plan (the IMPACT Initiative), and its Students Services Plan (the
Pillars of Promise). The current College Directives are:
•
•
•
•
•
•
Focus on Successful Outcomes for Students
Ensure Our Sustainability
Support our Faculty and Staff
Address Student Preparedness
Align with Community Needs
Improve Recruitment and Strategic Outreach
Annual Budget Process
The District budget is established annually. This process involves the review and revision of the
current year base budget and establishment of revenue and expense parameters that will be used
as inputs to the budget development process. In addition to planning a budget for the next year,
budget impacts are analyzed for future years. The planning for the future years is progressively
less detailed, since the activities and revenues in those years are less certain, making accurate
forecasting more difficult.
In the process of reviewing and revising the current year base budget, the District uses a
modified zero-based budgeting approach, in which specific elements of the budget are reset to
equal estimated actual need. The following aspects of the budget are zero-based budgeted:
salaries for all full time positions (48.3% of the general fund budget), fringe benefit package
costs based on actual benefit eligibility and elections (20.4% of the general fund budget), District
utilities (2.0% of the general fund budget), operating lease expenditures (1.3% of the general
fund budget), and all district insurance costs (0.7% of the general fund budget). The budget
elements that are zero-based budgeted equal 72.7% of the general fund budget.
25
The following fund budgets are also budgeted completely using a zero-based budgeting
methodology: Capital Equipment and Projects Fund and the Debt Service Fund.
The following inputs and assumptions are used to further refine the revenue and expenditures
budgets:
• Enrollment trends and goals
• Tuition and fee rate changes
• Debt proceed assumptions
• Investment earnings assumptions
• State aid estimates
• Salary and fringe
• Impact of upcoming retirements
• Impact of annual turnover
• Non-salary expenditure assumptions
• Utility assumptions
• Capital planning expenditures
• Equalized valuation assumptions
• Net new construction assumptions
• Tax levy calculation and compliance with revenue limits
ECONOMIC CONDITIONS AND OUTLOOKS IMPACTING BUDGET PROCESS ASSUMPTIONS
The four major factors impacting Madison College’s budget the most are: 1) employment rate; 2)
inflation; 3) property values and net new construction in the District; and 4) the recently
implemented revenue limit on the operating budget and associated changes in state funding.
Traditionally, greater unemployment rates result in increased enrollments. Inflation, especially in
the areas of utility costs and health care benefits, has been a concern in recent years, although
recently overall inflation has been quite modest. Annual growth in net new construction in the
District impacts the level of taxes for property owners and the ability of the District to support
educational and training needs of residents and employers in the District.
The College’s fiscal year 2015-16 budget is affected by policy changes adopted by the
Wisconsin Legislature during its 2013 session. Specifically, a portion of general state aids began
being distributed via performance in fiscal year 2014-15, with an increasing amount being
distributed via performance in fiscal years 2015-16 and 2016-17. Separate legislation passed in
the spring of 2014 creates a new revenue limit for college districts and replaces a significant
portion of its property tax funding with state aid. Both of these items are discussed in greater
detail in the Legislative section of the document.
Employment
According to the National Bureau of Economic Research, the “Great Recession” ended in June
2009. For Wisconsin, and the nation, the recession resulted in the most job losses in the last 50
years. The Madison area continues to fare better than the national economy: the unadjusted
Madison metro area’s unemployment rate decreased from 4.9% in February 2014 to 3.9% in
February 2015 compared to Wisconsin’s unadjusted rate of 5.6% and the U.S. unadjusted rate of
26
5.8% for February 2015 (Bureau of Labor Statistics (http://data.bls.gov) unadjusted rate for the
Madison Metropolitan Statistical Area and CPS Summary).
The following is a snapshot of employment in the Madison region [http://data.bls.gov]:
Year
Period
Labor
Force
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
332,979
336,708
339,116
340,862
345,812
346,629
346,985
348,836
352,671
372,259
Employment
Unemployment
321,840
325,188
327,032
328,617
324,368
325,977
328,428
331,527
336,666
357,436
11,139
11,520
12,084
12,245
21,444
20,652
18,557
17,309
16,005
14,823
Unemployed
Rate
(Unadj.)
3.3
3.4
3.6
3.6
6.2
6.0
5.3
5.0
4.5
4.0
The Wisconsin economy has grown, as evidenced by increased employment. Wisconsin
employment returned to its December 2007 peak employment level of 2.9 million jobs in
February 2015, according to an analysis of the U.S. Bureau of Labor Statistics data produced by
the Center on Wisconsin Strategy (http://www.cows.org/_data/documents/1706.pdf.). The United
States reached its pre-recession level of employment in mid-2014. Real personal income in
Wisconsin is expected to grow by 3.0% in 2015, slightly below the national average, according
to the Economic Outlook report published by the Wisconsin Department of Revenue’s report in
May 2015 (https://www.revenue.wi.gov/ra/econ/2015/May2015_fullrpt.pdf).
During the recession, Wisconsin lost substantial jobs in its two largest sectors: Trade,
Transportation and Utilities and Manufacturing. Trade, Transportation and Utilities job growth is
projected to average 0.6% per year between 2015 and 2017. The May 2015 Economic Outlook
report stated that manufacturing job growth is projected to increase by 1.4% in 2015, 1.7% in
2016, and 1.2% in 2017. Manufacturing employement will not reach its pre-recession peak by
2017. The Education and Health Services sector added jobs throughout the “Great Recession”
and is expected to increase employment by 1.7% per year between 2015 and 2016 and 1.2%
growth in 2017. Finally, the Economic Outlook notes that overall Wisconsin employment will
grow, but at a more modest pace than the national employment growth rate.
Inflation
According to the Bureau of Labor Statistics, energy costs (fuels and utilities) have decreased by
21.0% from March of 2014 to March of 2015 in the Midwest Region
(http://www.bls.gov/regions/mountain-plains/news-release/pdf/consumerpriceindex_midwest.pdf).
During this period motor fuel prices fell substantially for motor fuel and natural gas, while
electricity prices increased by 4.9%. Overall, the national energy index has seen an decrease of
14.4% for natural gas while gasoline and fuel oil have declined by 29.2%, 24.9% respectively.
Electricity increased by 0.9%. The overall Midwest Region consumer price index is down 0.9%
27
over the same period, compared to a national decrease of 0.1%. To manage energy costs, the
College has committed that all new construction and remodel projects will be energy efficient.
When new facilities and additions opened in the fall of 2013, total energy costs for the College
increased. In addition, the Bureau of Labor Statistics finds that medical inflation could be as high
as 2.1% for the 12 month period ending September 2015 (http://forecast-chart.com/inflationmedical-care-cost.html).
Property Values
The Wisconsin REALTORS® Association reported in April 2015 that existing Wisconsin home
sales increased in March 2015 by 16.1% over March 2014, with prices increasing by 8.8%
(https://www.wra.org/HSRMar2015/). The increase is attributed, in part, to favorable interest
rates. In the 12 county South Central Wisconsin region, existing home sales increased 14.9%
over the 12 months ending March 2015. During that time, the median sale price in the region
increased $13,500 or 7.9%.
According to the Federal Housing Finance Agency, the house price index (HPI) purchase-only
increased by 4.9% nationally and 3.6% in Wisconsin for the 12 month period ending with 2014
Q4 (http://www.fhfa.gov). Housing values are set for tax purposes in January of each year, and
those values reported to taxing authorities the following fall are used for computing taxes, which
are billed to property owners in December.
Legislative
In November 2014, all 99 members of the state assembly and 17 members of the state senate
stood for election and the newly (re-)elected members took office in January 2015. Additionally,
the governor’s office was contested last November and the incumbent won re-election to a
second term beginning in January 2015. In the initial months of the 2015 legislative session,
legislators and the governor focused on policy issues related to labor issues, policy changes to
public benefit programs, and financing a sports facility in Milwaukee. As part of the budget
proposal introduced in February 2015, legislators have been focused on amending the governor’s
proposal related to funding for K-12 education, transportation, and the university system.
In April 2015, the legislature’s budget committee approved its recommendations for the 2015-17
state budget regarding the Wisconsin Technical College System (WTCS). The budget committee
approved the governor’s funding requests for the WTCS. The state funding for each of the next
two fiscal years will be unchanged from fiscal year 2014-15. In the 2013-15 biennial budget, the
legislature and governor agreed to distribute a portion of general state aid via performance as
measured on 7 of 9 factors. In the 2015-17 budget, the legislature and governor will add a tenth
factor to be measured via performance beginning in fiscal year 2016-17. Annually, college
districts will select which 7 of the 10 factors to be evaluated upon. In fiscal year 2015-16, 20% of
general state aid will be distributed via performance and in fiscal year 2016-17, 30% of general
state aid will be distributed via performance. The legislature maintains the current law cap on
distributing general state aid via performance at 30%. The governor had proposed distributing
100% of general state aid via performance by fiscal year 2019-20. The legislature eliminated the
governor’s proposed two-year restriction on tuition increases for programs in “high-demand
occupational areas.” In May 2015, theWTCS State Board approved a 2.0% increase in tuition for
students in degree credit programs.
28
The non-partisan Legislative Fiscal Bureau reported in May 2015 that the State of Wisconsin
would have general fund tax receipts of for the current fiscal year of 2014-15 of $14.5 billion and
recepits of $15.2 billion in fiscal year 2015-16 and $15.7 billion in fiscal year 2016-17. These
estimates are unchanged from the bureau’s projection of January 2015, but the bureau does call
attention to downgrades made to national forecasts of personal income and personal consumption
in the U.S. economy in the next three years.
The full legislature will act on the budget in June. It likely will be signed into law by July 1,
2015. At the present moment, the legislature is not expected to make any additional
modifications to the budget that would impact the College’s budget.
As a result of the new funding aid to college districts related to the property tax, the total funds
available to college districts becomes the seventh largest state expenditure activity based on
expenditures for fiscal year 2013-14. This means that in the future, as the state develops its
biennial budget, the funding of college districts will be subject to greater competition with other
programs and interests.
Process for Budget Adjustments
Continue the annual process of budget adjustment and revisions in the following steps:
1. All programs, services, and systems are expected to operate at capacity levels.
• Adjust overall budget parameters to reflect college needs, sound financial
strategies, and updated assumptions.
• Reduce or eliminate expenditures that are not essential to operations and do not
affect positions.
• Reduce or eliminate resources in areas not operating at full capacity as
measured by students or staff members served.
• Reallocate resources until capacity is reached in programs and services.
• Consider and implement budget savings strategies that cross college
departments and major college divisions.
2. If further budget adjustments are necessary, those adjustments shall be made by:
• Reducing or eliminating non-core programs and services.
• Reducing or eliminating core programs and services.
29
Annual Budget Calendar
November 2014
through March 2015
Budget Planning Inputs and Assumptions
January 7, 2015
Budget Workshop with the District Board
January 14, 2015
Budget Overview with District Board
April 8, 2015
Update on Budget with District Board
May 13, 2015
District Board Review of Budget and Approval of Public Hearing
Date
June 10, 2015
Official Public Hearing and Official Budget Adotption by District
Board
July 1, 2015
Fiscal Year 2015-16 Begins
30
FINANCIAL
SECTION
Fund Types
The accounts of Madison Area Technical College are organized on the basis of funds and account
groups, each of which is considered a separate accounting entity. The operations of each fund are
accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, fund
equity, revenue and expenditures. District resources are allocated to and accounted for in individual
funds, based upon the purpose for which they are to be spent and the means by which spending
activities are controlled. In this section of the document, the various funds will be grouped into
general fund types and broad fund categories, as follows: Governmental Funds and Proprietary
Funds. Under these broad fund groupings, revenue sources and expenditure uses will be discussed
and presented in charts and graphs.
GOVERNMENTAL FUNDS
Governmental funds are those through which most functions of the District are financed. The
acquisitions, uses and balances of expendable financial resources and related liabilities, except those
accounted for in proprietary funds, are accounted for through governmental funds. The
measurement focus is on changes in financial position rather than on net income. The District
maintains the following governmental fund types:
•
•
•
•
•
General Fund – The principal operating fund that accounts for all financial activities
not required to be accounted for in another fund.
Special Revenue Aidable Fund – Used to account for the proceeds and related financial
activities of specified revenue sources that are legally restricted to expenditures for
specified purposes. The District accounts for business and industry contracts, federal and
state grants and Adult and Continuing Education Community Service courses within this
fund type.
Special Revenue Non-Aidable Fund – Used to account for assets held by Madison
Area Technical College in a trustee capacity or as an agent for individuals, private
organizations, other governmental units and/or other funds.
Capital Projects Fund – Used to account for financial resources used for the acquisition
or construction of capital assets and remodeling, other than those financed by proprietary
and trust funds.
Debt Service Fund – Used to account for the accumulation of resources for and the
payment of general long-term debt principal, interest, and related costs.
PROPRIETARY FUNDS
Proprietary funds are used to account for ongoing activities that are similar to those found in the
private sector. The measurement focus is on the determination of net income. These funds are
maintained on the accrual basis of accounting.
•
Enterprise Funds – Used to record revenues and expenses related to rendering services
to students, faculty, staff, and the community. These funds are intended to be selfsupporting and are operated in a manner similar to private business where the intent is
that all costs, including depreciation expense, of providing certain goods and services to
the students and other parties is recovered primarily through user charges. These services
complement the education and general objectives of the District. The financial
transactions of such activities as the bookstore, cafeteria and child care center are
accounted for in the Enterprise Funds of the District.
31
•
Internal Service Funds – Used to account for the financing and related financial
activities of goods and services provided by one department of the District to other
departments of the District, or to other governmental units, on a cost reimbursement
basis. The District accounts for the activities of the Department of Technology Services,
Self-Insurance and Duplication in the Internal Service Fund.
FIXED ASSETS AND LONG-TERM OBLIGATIONS ACCOUNT GROUPS
Fixed assets used in governmental fund-type operations (general fixed assets) are accounted for in
the general fixed assets account group rather than in governmental funds. No depreciation is
required, nor has any been provided on general fixed assets. Fixed assets acquired for enterprise and
internal service operations are accounted for in the related fund and are depreciated.
Long-term liabilities to be financed from governmental funds are accounted for in the general longterm obligation accounts group rather than in governmental funds. The general long-term
obligations account group also includes the non-current portion of the post-retirement benefits and
sick pay, which will be paid from the general fund at some future time.
The two account groups are not “funds.” They are only concerned with the measurement of
financial position. The groups are not used in the measurement of the results of operations.
BASIS OF ACCOUNTING AND BUDGETING
Basis of accounting refers to when revenues and expenditures 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.
Governmental funds are accounted and budgeted for on a modified accrual basis. Under the
modified accrual basis of accounting, transactions are recorded in the following manner:
•
•
•
•
•
Revenues are recognized when they become both measurable and available (susceptible
to accrual). All revenues are considered susceptible to accrual, except summer school
tuition and fees which are recorded as deferred revenue.
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.
Fixed assets are recorded as capital outlays at the time of purchase.
Proceeds of long-term obligations are treated as a financing source when received.
The proprietary funds are accounted and budgeted for on an accrual basis, whereby revenues are
recognized when measurable and earned, and expenses are recorded as liabilities when incurred
and, where applicable, depreciation expense is also included.
32
OPERATING BUDGET – GOVERNMENTAL FUNDS
This section provides a highly summarized version of the FY2015-16 budget. Following this
analysis, balance sheets, statements and schedules provide fund-by-fund numerical detail, as
required by the Wisconsin Technical College System Financial Accounting Manual.
Over 91% of Madison Area Technical College’s revenues and expenditures are accounted for in
governmental fund types (General, Special Revenue Aidable and Non-Aidable, Capital Projects and
Debt Service funds). Governmental fund type revenues and expenditures on a budgetary basis for
FY2014-15 and FY2015-16 are presented in the table below, and graphically in Figure 3 on page 34
and Figure 8 on page 38.
Adjusted
Budget
FY2014-15
Budget
FY2015-16
Increase (Decrease) in
Dollars and Percentages
Revenues:
Local Government
Intergovernmental:
Federal (excluding Fin. Aid)
State
Tuition and Fees
Institutional/Other
Financial Aid Revenues
TOTAL REVENUES
Expenditures:
Operational:
Instruction
Instructional Resources
Student Services
General Institutional
Physical Plant
Public Service
Capital Outlay
Debt Service
Financial Aid Expenditures
TOTAL EXPENDITURES
Other Sources (Uses):
Operating Transfers In
Operating Transfers Out
Debt Proceeds
TOTAL OTHER SOURCES
$64,664,697
$66,421,681
$1,756,984
2.72%
5,197,796
78,794,659
42,081,886
5,407,091
58,929,439
$255,075,568
4,628,000
79,215,000
42,802,000
3,642,000
56,388,000
$253,096,681
(569,796)
420,341
720,114
(1,765,091)
(2,541,439)
($1,978,887)
(10.96)
0.53
1.71
(32.64)
(4.31)
(0.78%)
$119,335,647
3,742,698
17,559,567
12,130,402
15,532,396
337,193
55,026,233
30,519,949
58,929,439
$313,113,524
$117,628,000
3,826,000
17,406,000
13,067,000
15,052,000
342,000
51,966,000
30,222,318
56,388,000
$305,897,318
($1,707,647)
83,302
(153,567)
936,598
(480,396)
4,807
(3,060,233)
(297,631)
(2,541,439)
($7,216,206)
(1.43%)
2.23
(0.87)
7.72
(3.09)
1.43
(5.56)
(0.98)
(4.31)
(2.30%)
$1,189,000
0
31,070,000
$32,259,000
$450,000
0
24,800,000
$25,250,000
($739,000)
0
(6,270,000)
($7,009,000)
(62.15%)
0.00
(20.18)
(21.73%)
33
REVENUES
For FY2015-16, governmental fund revenues are budgeted to decrease by $2.0 million or 0. 8%.
Figure 3 shows total governmental fund revenues, which increased from $238.5 million in FY201112 to $253.1 million in FY2015-16. This growth in revenues is a result of enrollment and tuition
changes and changes in State Aids, including an increase in state-funded grants.
Figure 3
The growth of government fund revenue sources, for the past four years plus the FY2015-16
budget, has averaged 1.9%. In comparison, the average increase for the preceding five year period
was 4.2%. The decrease in the local government fund revenue sources is attributable to legislation
enacted in the spring of 2014, which reduces district property taxes by shifting a portion of
operational funding to the State effective July 1, 2014. Tuition and fee revenue has been fairly
steady; this is due to increases in tuition rates as enrollments have declined recently as the District’s
employers continue to recover from the “Great Recession”. The FY2015-16 budget assumes
enrollment is slightly lower than the FY2014-15 projected actual. The decrease in the FY2015-16
institutional revenue is due to the sale of property in FY2014-15 for $1.1 million and a reduction in
grants and contracts.
Factors affecting specific revenue categories represented in the graph above include:
Local Government Revenue
Local Government revenue provides 26.3% of all governmental funds revenue. Compared to the
FY2014-15 actual tax levy, the FY2015-16 property tax levy is budgeted to increase by $1,756,984.
This increase reflects a projected $1.77 million in available operating levy from net new
construction value in the District and a slight decrease in the debt service property tax levy. Figure
4 shows Madison Area Technical College’s mill rate compared to the WTCS state average mill rate.
34
Note: The dotted line indicates the effect of 2013 Wisconsin Act 145, which bought down the district’s operational mill rate by 0.89
mills.
Figure 4
Prior to FY2013-14, the District was permitted to levy property taxes up to a statutorily allowed
operational mill rate of 1.5 mills; the District consistently remained below the limit. Beginning in
FY2013-14 with 2013 Wisconsin Act 20, the mill rate limit was changed to cap the operational levy
at 2013 levels. Increases in the operating levy are only possible with increases in the District’s net
new construction. Beginning in FY2014-15, under 2013 Wisconsin Act 145, this operational levy
limit was eliminated and an estimated 0.89 mills were removed from property taxes and transferred
to state funding. See Figure 5 for a graphic representation of the District’s mill rate history.
Note: The mill rate limitation was eliminated with 2013 Wisconsin Act 20 and replaced with a levy limit. 2013 Wisconsin Act 145
replaced the levy limit with a revenue limit.
Figure 5
35
The increases in mill rate from FY2008-09 through FY2010-11 represent increased base operating
expenditures to accommodate enrollment growth due to the “Great Recession” and strategic
initiatives coupled with assessed valuation changes. The changes in the mill rate in FY2011-12 and
FY2012-13 reflect declines in assessed value, but represent no increase in operating levy, as state
law did not permit the levy to increase. The increase in FY2015-16 represents an allowable increase
due to net new construction within the District. The FY2015-16 includes an estimated increase of
2.7% in operating revenues due to net new construction.
State Revenue
State revenue, budgeted to be 32.2% of total governmental funds revenue, includes the following
major components: general state aid, performance-based aid, state operational aid in lieu of property
taxes, grants, WI GI Bill Remissions, student aid, inter-district supplemental aid, state aid in lieu of
personal property tax on computers and state aid in lieu of property taxes on Wisconsin Department
of Natural Resources exempt land.
Although in FY2013-14 the District generated 14.1% of the statewide aidable FTEs, it is projected
that the District will receive roughly 13.2% of the statewide general operating aid for FY2015-16.
Each district’s share of the aid is based on an expenditure-driven formula equalized for tax-levying
ability, expressed as taxable property per full time equivalent student for 80% of the general state
aid with a total state appropriation of $70.8 million. Madison College expects to receive $10.1
million or 14.2%. The remaining 20% of general state aid appropriation or $17.7 million provides
that a performance based formula be used based on the college’s performance with respect to
performance criteria with 9.3% coming to Madison College or $1.6 million.
Districts receive a percentage of the operational aid in lieu of property taxes based upon the
equalized value of each district compared to the equalized value of the state. The District expects to
receive 15.1% of this funding or $61.1 million in FY2015-16.
Figure 6
Madison Area Technical College’s state aid revenue had been declining as a percentage of total
district revenue from FY2007-08 through FY2013-14. Figure 6 represents state aids as a percentage
of total governmental funds revenue. In FY2014-15, state aids increased by 387.6%. This increase
in state revenue as a percentage of total revenues is due to multiple factors including: the shift of a
portion of operating revenues from property taxes to state funding, the shift of general state aid
36
distribution between the existing formula and performance based funding, a decrease in the amount
of total state grant dollars available, increasing competition for the grants, an increase in computer
aid and reduced inter-district supplemental aid. These factors contribute to the change in state aid as
a percentage of overall revenue in governmental funds. In FY2015-16, the state aids remain
approximately the same, increasing by 0.6% due primarily to increases in state-funded grants. The
increase in grants is partially offset by decreases in state aid in lieu of property tax on computers
and state aid in lieu of property taxes on DNR exempt land that occur as a result of the decrease in
the district’s levy.
Federal Revenue
Federal revenue, budgeted to be 22.8% of governmental revenue, is primarily derived from grants
for services or projects and student financial aid. For FY2015-16, those revenues are expected to
decrease by $2.6 million or 4.3%.
Figure 7
As depicted in Figure 7, the level of total federal revenue decreases for FY2015-16. It is anticipated
that funding for federal student aid will decline by $2.0 million due to a decrease in federal dollars
available to students. Federal funds from the National Science Foundation will be reduced by
$428,000 from the FY2014-15 level. The District is also anticipating that funding from the Carl D.
Perkins Career & Technical Education Improvement Act (Carl Perkins Act) and the Adult
Education and Family Literacy Act will increase by $156,000 compared to FY2014-15. The federal
grants from the Department of Labor will decrease the federal revenues by $178,000.
Tuition and Fees
Tuition and fees, which make up approximately 16.9% percent of total governmental fund revenues,
are estimated to increase $720,000 or 1.7%, reflecting an increase in tuition rates and slightly
decreasing enrollment compared to FY2014-15. Tuition and material fee rates are set annually by
37
the WTCS Board based upon estimated total operational expenditures of all Wisconsin technical
college districts. This revenue category also includes miscellaneous student fees, including out-ofstate tuition, community service course fees, group dynamics course fees, testing fees, application
and graduation fees.
Institutional and Other Revenue
Institutional revenues include contracts for instruction with business and industry and high schools;
interest and investment income; gifts, grants and bequests; equipment sales and Other Institutional
Revenues. Institutional and Other Revenue represent about 1.8% of total governmental funds
revenues.
EXPENDITURES
For FY2015-16, governmental fund expenditures are budgeted to decrease by $7.2 or 2.3%. The
majority of the change is due to net expenditure decreases in the Special Revenue Non-Aidable for
student financial assistance and Capital Fund compared to FY2014-15 levels. Operating
expenditures decrease over FY2014-15 by 0.8%. Figure 8 shows total governmental fund
expenditures, which increased from $297.4 million in FY2011-12 to $305.9 million in
FY2015-16. Instruction is the largest category for FY2015-16 expenditures, representing
approximately 38. 5% of total expenditures.
Figure 8
Following the requirements of the Wisconsin Technical College System, the expenditure functions
are defined within the expense expenditure categories of Operational, Debt Service and Capital
Outlay as follows:
Operational Expenditures
•
Instruction. This function includes teaching; academic administration, including clerical
support; other activities related directly to the teaching of students; guiding the students
in the educational program; and coordination and improvement of teaching.
38
•
•
•
•
•
Instructional Resources. This function includes all learning resource activities such as:
the library, learning resource center, instructional resources administration and clerical
support.
Student Services. This function includes those non-instructional services provided for
the student body, such as: student services administration and clerical support; student
recruitment; admissions; registration; counseling, including testing and evaluation;
health services; financial aid; placement; and follow-up.
General Institutional. This function includes all services benefiting the entire District,
exclusive of those chargeable directly to other functional categories. Examples of this
type of expenditure are legal fees, external audit fees, general liability insurance, data
processing, personnel, employment relations, and affirmative action. This function
includes the cost of: the District Board, the Office of the President, the District Finance
Office, and general supporting administrative offices serving all functions of the District.
Physical Plant. This function includes all services required for the operation and
maintenance of the physical facilities. General utilities such as heat, light and power are
included in this function.
Public Service. This function records the cost of offering noncredit courses for public
betterment.
Figure 9 depicts the components of total operating budget expenditures for FY2015-16. The
amounts expended on personnel-related costs represent 79.5% of the budget, a decrease of 0.4%
compared to the prior year adjusted budget.
OPERATIONAL EXPENDITURE COMPONENTS General
Fund and Special Revenue Aidable Fund - FY2015-16
58.1%
20.5%
Salaries &
Wages
Fringe Benefits
Materials &
Services
21.4%
Figure 9
Debt Service
This classification includes principal and interest payments on outstanding debt. Debt Service is
budgeted to decrease by $298,000 or a reduction of approximately 1.0%. The debt service fund has
been decreasing due to the retirement of higher interest debt. Due to the District’s financial health,
the District’s debt continues to be received favorably in the debt markets. District issuances are sold
at low interest rates, which also help minimize annual increases in the debt service tax levy.
39
Capital Outlay
These expenditures are for the acquisition of fixed assets or additions to fixed assets that are
presumed to have benefits for more than two years. It includes expenditures for land or existing
buildings, improvements or grounds; construction, addition or remodeling of buildings; and
purchase of moveable equipment and furniture costing more than $500 per unit or set. Capital
outlay is budgeted to decrease by approximately $3.1 million, or 5.6%, over last year’s adjusted
budget. The decrease is due to the completion of portions of the new construction for the Smart
Future Building Plan projects. For detailed information on this portion of the District’s budget,
please see pages 41-43.
FUND BALANCE
Madison Area Technical College’s governmental fund type fund balances at June 30, 2014, totaled
$78.9 million on a budgetary basis. The District Board and management are committed to
maintaining adequate fund balances in order to maintain appropriate levels of working capital,
avoid major fluctuations in tax levies, fund post-retirement benefits and avoid future potential
reduction in services to the citizens. District Board policy sets an upper and lower limit for the
General and Special Revenue Undesignated Fund Balance. The limits are shown in Figure 10.
Figure 10 shows the budgetary basis fund balance for the past twelve years for the operational
funds, with the first ten being actual year-end balances, and the most recent two showing estimated
or budgeted fund balance amounts.
Figure 10
40
The largest component of the operational governmental fund balances is the fund balance for the
general fund. At June 30, 2014, Madison Area Technical College’s budgetary basis general fund
balance was $52.1 million. The balance was comprised of $11.0 million, or 20.8%, of reservations
for such items as: prepaids, non-current assets, compensated absences and retiree health insurance.
Fund balance is also made up of designations, which are items the Board has specifically identified
to ensure adequate resources exist for smooth operations of the District for the long term. As state
aid revenue is determined in the year it is earned, fluctuations from budgeted amounts are likely.
Therefore, the adjusted designation for state aid fluctuations of $1.3 million ensures adequate
resources will be available to support expenditures, even if significant adjustments negatively affect
the year’s state aid received by the District. Designation for Operations of $37.7 million represents
the “working capital” of the District. This resource carries the District over between receipts of
large inflows of money (i.e., tax revenue receipts and tuition revenue) and supports the goal to
continue to maintain a positive cash flow and to operate without the need to borrow short term for
operations. Maintaining a budgetary basis fund balance does not, however, necessarily guarantee
this outcome in the future.
OPERATING BUDGET – PROPRIETARY FUNDS
The District uses proprietary fund types, non-governmental funds, to account for Enterprise and
Internal Service, or “businesslike” operations of the District.
•
•
Enterprise Funds are used to account for the activity of operations primarily funded by
user charges. The Enterprise Fund type includes the operations of the bookstore,
cafeteria, parking, vending, meeting and events management and others. The FY2015-16
budget includes Enterprise Funds generating revenues of $9.7 million and expenses of
$10.0 million, for a net loss of approximately $330,000.
Internal Service Funds account for the activities of departments that sell their goods or
services primarily to other District departments. Examples of Internal Service activities
are District Stores, Technology Services and Telephone Services. For FY2015-16, these
funds are budgeted to generate $15.2 million in revenue and expenses of $15.2 million,
to generate a planned net gain of $10,000.
GENERAL FIXED ASSETS
General Fixed Assets of the District totaled $324.6 million on a cost basis at June 30, 2014. With a
total cost of $329,232,072 less $110,905,260 accumulated depreciation, this nets to $218,326,812 of
General Fixed Asset cost. Items included in this figure are land, building, improvements and
equipment (based on a $5,000 capitalization policy). The Enterprise Funds have net fixed assets of
$1,452,387 ($4,462,456 total asset cost less $3,010,069 accumulated depreciation). The Internal
Service Funds have net fixed assets of $3,125,041 ($12,047,416 total asset cost less $8,922,375
accumulated depreciation). Total Net Assets of the District are $222,904,240.
CAPITAL BUDGET
Preventive maintenance is the most effective tool in preserving the useful life of equipment and
buildings and avoiding costly, unnecessary repairs. The District takes a proactive approach to
maintenance management and realizes the importance of its role in meeting institutional goals and
objectives. As a result of budgetary constraints, however, individual projects must be identified and
prioritized in the order of importance to the overall institution. As the District adjusts to changes
that result from operating in a dynamic environment, it constantly reorders priorities in the
maintenance plan.
41
The District plans to borrow $24.8 million for capital projects in FY2015-16. This is an increase in
borrowing compared to the prior year and is based on the prioritization of district wide capital
needs. In addition to the funds that will be borrowed in FY2015-16, there will also be an amount of
unspent funds that carry over from the prior year. This carryover of certain capital project
allocations becomes necessary when funds are received in one year, but cannot be spent until a
subsequent year. This delay is necessitated by the approval, planning and scheduling process.
Occasionally, a particular project must follow a previous project, which might postpone the time
line for a year. Facilities management attempts to schedule most construction work during the
summer, when fewer classes are in session. As the fiscal year bridges the summer session, certain
projects planned for one fiscal year may actually be finished in the following fiscal year.
The budget for the 2015-16 fiscal year capital projects fund is shown in summary form below:
FY2015-16 Summary Capital Fund Budget
Included in the FY2015-16 Capital budget is $24.8 million as follows:
Remodel/Repair/Site Work (1)
Remodeling, Site work and maintenance projects
Capital Furniture – District-wide furniture routine replacement
Contractual Commitments (2)
$9,000,000
850,000
$150,000
Technology Requests (3)
District-wide Computer Refresh
Other Technology Purchases
Workday Implementation
STEPS
$1,500,000
4,000,000
1,500,000
400,000
Capital Initiatives (4)
Instructional equipment for Learner Success and
Learner Development
Non-instructional equipment for Administrative Services,
Human Resources and Enrollment and Planning
Total Capital Borrow
$7,000,000
$400,000
$24,800,000
Capital expenditures from restricted funds
Prior Year – carry-over new construction, remodel/repair projects
Prior Year – carry over for miscellaneous equipment
$304,000
15,475,000
11,387,000
Total Planned Expenditures
$51,966,000
Notes:
(1)
(2)
(3)
(4)
Remodel/Repair/Site Work category includes: expenditures for land or existing building, improvement of grounds;
construction, addition or remodeling of buildings; and district wide furniture for existing or new facilities.
Contractual Commitments category includes: ADA improvements, capital grant-match requirements, capital
contracts, fees related to participation in capital procurement program, and business process review projects.
Technology Requests category includes: technology infrastructure costs (hardware upgrades and replacements) and
replacement of printers, copiers, projectors, televisions, computers, monitors and major software applications and
software.
Capital Initiatives category includes: the purchase of moveable equipment and furniture costing more than $500
per unit or set for Instructional and Non-instructional purposes. Capital initiative requests are developed through a
process that starts with unit planning within individual departments and divisions.
42
Final Approval of Capital Projects and Equipment Purchases
The District Board approves the projects and establishes the funding for all capital projects and
equipment purchases. In addition, the WTCS Board approves new construction and repair/remodel
projects that cost more than $30,000.
GENERAL LONG-TERM DEBT
Please see pages 58-62 for details of the current long-term debt obligations of the District.
As illustrated in Figure 11, the FY2015-16 debt service levy plan is $30,140,681. This level equates
to a 0.42271 mill rate for debt. The capital plan and referendum impact are fully addressed in the
FY2015-16 budget. Any adjustments to the current plan will be based upon an assessment of needs
related to technology and renovation of existing facilities serving students.
Figure 11
Maintaining a strong financial condition and being fiscally accountable is important to the District.
The College continues to maintain a triple A rating, the highest rating achievable, with both
Moody’s Corporation and Standard & Poor’s. The rating agencies have stated that with a
responsibly structured debt repayment schedule and continued strong financial operations, the triple
A ratings would be retained.
43
MADISON AREA TECHNICAL COLLEGE DISTRICT
Notice of Public Hearing
July 1, 2015 - June 30, 2016
A public hearing on the proposed FY 2015-2016 budget for the Madison Area Technical College District will be held on June 10, 2015
at 5:30 PM in Room 122 of the Madison Area Technical College Truax campus, 1701 Wright Street, Madison, Wisconsin.
The detailed budget is available for public inspection at the District's Budget Office.
PROPERTY TAX AND EXPENDITURE HISTORY
Fiscal
Equalized
Year
Valuation (1)
2011-12
$
Mill Rates
69,257,861,580
Total
Mill Rate %
Operational
Debt Service
Mill Rate
Inc./(Dec.)
1.34174
0.36770
1.70944
15.92%
2012-13
$
67,787,364,099
1.37085
0.44479
1.81563
6.21%
2013-14
$
67,454,400,159
1.39401
0.44698
1.84099
1.40%
2014-15
$
69,564,373,725
0.50028
0.43346
0.93374
-49.28%
2015-16(1)
$
71,303,483,068
0.42271
0.93560
Fiscal
Total Expenditures
0.51289
Expenditures
Percent
Tax
Tax Levy %
0.20%
Tax on
$100,000 of
Year
All Funds (2)
Inc./(Dec.)
Levy (3)
Inc./(Dec.)
Property
-4.48%
11.483%
-17.770%
15.725%
-2.434%
$ 118,392,167
$ 123,076,899
$ 124,182,932
$ 64,954,697
$ 66,711,681
14.69%
3.96%
0.90%
-47.69%
2.70%
2011-12
2012-13
2013-14
2014-15
2015-16
$
$
$
$
$
319,878,503
356,611,690
293,242,635
339,356,429
331,095,318
$
$
$
$
$
170.94
181.56
184.10
93.37
93.56
BUDGET/FUND BALANCE SUMMARY 2015-16 - ALL FUNDS
Special
Revenue
Funds
General
Fund
Tax Levy
Other Budgeted Revenue
Subtotal
Budgeted Expenditures
Excess of Revenues Over
(Under) Expenditures
Operating Transfers
Proceeds from Debt
Est. Fund Balance 7/01/15
Est. Fund Balance 6/30/16
$
34,696,000
$
116,830,000
151,526,000
152,551,000
$
$
$
1,760,000
$
69,365,000
71,125,000
71,158,000
(1,025,000) $
450,000
51,909,508
51,334,508 $
Capital
Projects
Fund
$
-
305,000
$
305,000
51,966,000
Debt
Service
Fund
Proprietary
Fund
$
30,140,681
$
$
30,140,681
30,222,318
24,770,000
$ 24,885,000
25,198,000
(33,000) $ (51,661,000) $
24,800,000
1,135,287
26,861,000
1,102,287 $
- $
115,000
Total
$
66,711,681
211,270,000
$ 277,981,681
331,095,318
(81,637) $ (313,000) $ (53,113,637)
(450,000)
24,800,000
3,284,459
6,432,261
89,622,515
3,202,822 $ 5,669,261 $ 61,308,878
(1) Equalized valuation is assumed to increase 2.50% in fiscal year 2016.
(2) The total expenditures for fiscal years 2011-12 through 2013-14 represent actual amounts; 2014-15 is the adjusted budget and 2015-16 is the
proposed budget.
(3) The tax levy for fiscal years 2011-12 through 2014-15 represent actual amounts and 2015-16 is the proposed budget.
44
Madison Area Technical College District
NOTICE OF PUBLIC HEARING
Budget Summary-General Fund
July 1, 2015 - June 30, 2016
2013-14
Actual (1)
2014-15
Original
Budget
2014-15
Adjusted
Budget
2014-15
Estimate (2)
2015-16
Budget
REVENUES
Local government
State Aids
Program Fees
Material Fees
Other Student Fees
Institutional
Federal Aids
Total Revenues
$ 92,112,851
13,220,215
37,639,129
1,316,004
1,861,106
903,488
232,603
$ 147,285,396
$ 34,513,000
73,752,000
38,301,000
1,283,000
1,915,000
1,000,000
255,000
$ 151,019,000
$ 32,926,460
74,475,311
37,714,916
1,257,548
1,915,000
1,130,449
255,000
$ 149,674,684
$ 32,879,460
74,704,317
38,342,000
1,393,000
1,937,900
1,048,120
250,000
$ 150,554,797
$ 34,696,000
73,868,000
38,402,000
1,223,000
1,890,000
1,187,000
260,000
$ 151,526,000
EXPENDITURES
Instruction
Instructional Resources
Student Services
General Institutional
Physical Plant
Public Service
Total Expenditures
$ 102,037,401
2,988,887
14,568,548
11,472,788
14,809,071
325,807
$ 146,202,502
$ 105,829,000
3,586,000
15,141,000
12,210,000
15,390,000
332,000
$ 152,488,000
$ 106,930,316
3,657,546
15,231,601
12,130,402
15,517,826
337,193
$ 153,804,884
$ 103,533,974
3,061,174
14,685,761
12,725,709
14,082,719
354,558
$ 148,443,895
$ 105,060,000
3,702,000
15,343,000
13,067,000
15,037,000
342,000
$ 152,551,000
$
$
(1,469,000) $
(4,130,200) $
1,640,000
(1,484,123)
1,238,771 $
1,189,000
(280,000) $
(176,399) $
118,208
(1,300)
1,026,986
(650)
271,926
1,238,771 $
- $
(280,000)
(280,000) $
Net Revenue
OTHER SOURCES (USES)
Operating Transfer In
Operating Transfer (Out)
Net Revenue and Other Source
$
1,082,894
2,110,902
$
(1,025,000)
1,189,000
(2,941,200) $
(2,300,000)
(189,098) $
450,000
(575,000)
- $
(280,000)
(1,995,900)
(665,300)
(2,941,200) $
- $
(280,000)
90,902
(189,098) $
(575,000)
(575,000)
Transfers To (From) Fund Balance
Reserve for Prepaid Expenditures
Reserve for Noncurrent Assets
Reserve for Post-Employment Sick Pay
Reserve for Post-Employment Health Ins
Designated for State Aid Fluctuations
Designated for Subsequent Years
Designated for Subsequent Year
Designated for Operations
Total Transfers To (From) Fund Balance
$
Beginning Fund Balance
Ending Fund Balance
50,859,835
$ 52,098,606
52,670,527
$ 52,390,527
52,098,606
$ 49,157,406
52,098,606
$ 51,909,508
51,909,508
$ 51,334,508
EXPENDITURES BY FUND
General
Special Revenue - Aidable
Special Revenue - Non-Aidable
Capital Projects
Debt Service
Enterprise
Internal Service
Total Expenditures by Fund
$ 146,202,502
9,560,546
58,348,971
24,133,559
32,860,370
10,440,167
11,696,520
$ 293,242,635
$ 152,488,000
10,254,000
58,642,000
48,001,000
29,808,140
10,164,000
12,844,000
$ 322,201,140
$ 153,804,884
14,833,019
58,929,439
55,026,233
30,519,949
10,314,000
15,928,905
$ 339,356,429
$ 148,443,895
14,833,019
55,528,891
30,718,507
30,519,949
9,700,000
13,326,866
$ 303,071,127
$ 152,551,000
14,770,000
56,388,000
51,966,000
30,222,318
10,025,000
15,173,000
$ 331,095,318
% Change (3)
-0.82%
-0.42%
-4.31%
-5.56%
-0.98%
-2.80%
-4.75%
-2.43%
REVENUES BY FUND
General
Special Revenue - Aidable
Special Revenue - Non-Aidable
Capital Projects
Debt Service
Enterprise
Internal Service
Total Revenues by Fund
$ 147,285,396
9,307,214
58,380,448
555,307
30,154,092
9,565,807
11,815,257
$ 267,063,521
$ 151,019,000
10,326,000
58,642,000
84,000
30,153,237
10,224,000
12,920,000
$ 273,368,237
$ 149,674,684
14,904,663
58,929,439
1,413,545
30,153,237
10,344,000
15,804,905
$ 281,224,473
$ 150,554,797
14,904,663
55,528,891
1,467,062
30,153,237
9,500,000
13,419,568
$ 275,528,218
$ 151,526,000
14,737,000
56,388,000
305,000
30,140,681
9,703,000
15,182,000
$ 277,981,681
1.24%
-1.12%
-4.31%
-78.42%
-0.04%
-6.20%
-3.94%
-1.15%
$
(1) Actual is presented on a budgetary basis.
(2) Estimate is based upon eight months of actual and four months of estimate.
(3) Reflects the percentage change from prior year adjusted budget.
45
Madison Area Technical College District
COMBINED BUDGET SUMMARY
FY 2015-16 Budget and Statement of
Resources, Uses and Changes in Fund Balance
2014-15
Original
Budget
2013-14
Actual
REVENUES
Local government
State Aids
Program Fees
Material Fees
Other Student Fees
Institutional
Federal Aids
Total Revenues
$
$
119,418,807
5,000,817
74,520,685
19,063,166
52,343,951
22,459,994
435,215
293,242,635
$
(26,179,114) $
(48,832,903) $
(58,131,956) $
(27,542,909) $
(53,113,637)
$
$
21,000,000 $
830,402
3,124,123
(3,124,123)
(4,348,712) $
31,070,000 $
1,189,000
(1,189,000)
(17,762,903) $
31,070,000 $
706,163
1,189,000
(1,189,000)
(26,355,793) $
31,070,000 $
706,163
2,300,000
(2,300,000)
4,233,254 $
24,800,000
450,000
(450,000)
(28,313,637)
TRANSFERS TO (FROM) FUND BALANCE
Reserve for Prepaid Expenditures
$
Reserve for Noncurrent Assets
Reserve for Debt Service
Reserve for Post-Employee Sick Pay
Reserve for Post-Employee Health Ins
Reserve for Capital Projects
Reserve for Self Insurance
Reserved for Student Financial Assistance
Retained Earnings
Designated for State Aid Fluctuations
Designated for Subsequent Years
Designated for Subsequent Year
Designated for Operations
Total Transfers To (From) Fund Balance
$
(288,831) $
(2,030,075)
118,208
(2,424,053)
(227,420)
31,477
(744,357)
(1,300)
1,026,986
(650)
191,304
(4,348,711) $
- $
345,097
(280,000)
(16,847,000)
(1,053,000)
72,000
(17,762,903) $
- $
339,451
(280,000)
(22,542,688)
(1,283,000)
(1,995,900)
(665,300)
71,644
(26,355,793) $
- $
339,451
(280,000)
4,118,555
(107,298)
162,546
4,233,254 $
(81,637)
(575,000)
(26,861,000)
(763,000)
(33,000)
(28,313,637)
Beginning Fund Balance
Ending Fund Balance
89,737,972
85,389,261
Net Revenue/(Expenditures)
OTHER SOURCES (USES)
Proceeds from Debt
Premium on Notes Issued
Operating Transfer In
Operating Transfer (Out)
Total Resources (Uses)
EXPENDITURE BY FUND
General
Special Revenue Aidable
Special Revenue Non-Aidable
Capital Projects
Debt Service
Enterprise
Internal Service
Total Expenditures by Fund
$
$
$
$
146,202,502
9,560,546
58,348,971
24,133,559
32,860,370
10,440,167
11,696,520
293,242,635
$
$
$
125,266,000
8,843,000
76,121,000
18,702,000
67,998,140
24,850,000
421,000
322,201,140
$
79,111,841
61,348,938
$
$
$
152,488,000
10,254,000
58,642,000
48,001,000
29,808,140
10,164,000
12,844,000
322,201,140
Note: (1) Eight (8) months actual and four months estimate.
46
$
$
$
$
$
64,954,697
80,994,659
38,264,916
1,327,199
2,489,771
32,596,372
60,596,859
281,224,473
$
129,940,712
10,494,845
76,896,581
18,434,063
75,070,980
28,110,055
409,193
339,356,429
$
2015-16
Budget
$
$
66,541,237
77,019,000
38,645,000
1,332,000
2,344,000
27,983,500
59,503,500
273,368,237
2014-15
Estimate(1)
124,164,039
16,612,527
37,640,791
1,657,566
2,405,529
25,792,273
58,790,796
267,063,521
EXPENDITURES
Instruction
Instructional Resources
Student Services
General Institutional
Physical Plant
Auxiliary Service
Public Service
Total Expenditures
$
2014-15
Adjusted
Budget
85,389,261
59,033,468
153,804,884
14,833,019
58,929,439
55,026,233
30,519,949
10,314,000
15,928,905
339,356,429
$
$
$
$
$
64,907,697
81,329,324
38,892,000
1,462,651
2,512,671
29,247,412
57,176,463
275,528,218
$
122,013,575
6,864,720
72,759,600
18,717,842
57,617,756
24,644,954
452,680
303,071,127
$
85,389,261
89,622,515
148,443,895
14,833,019
55,528,891
30,718,507
30,519,949
9,700,000
13,326,866
303,071,127
$
$
$
$
$
66,711,681
81,515,000
39,007,000
1,298,000
2,497,000
29,238,500
57,714,500
277,981,681
128,020,000
8,093,000
74,704,000
15,335,000
71,079,318
33,332,000
532,000
331,095,318
89,622,515
61,308,878
152,551,000
14,770,000
56,388,000
51,966,000
30,222,318
10,025,000
15,173,000
331,095,318
Madison Area Technical College District
GENERAL FUND
FY 2015-16 Budget and Statement of
Resources, Uses and Changes in Fund Balance
2014-15
Original
Budget
2013-14
Actual
REVENUES
Local Government
State Aids
Program Fees
Material Fees
Other Student Fees
Institutional
Federal Aids
Total Revenues
EXPENDITURES
Instruction
Instructional Resources
Student Services
General Institutional
Physical Plant
Public Service
Total Expenditures
$
$
$
$
$
105,829,000
3,586,000
15,141,000
12,210,000
15,390,000
332,000
152,488,000
$
$
32,926,460
74,475,311
37,714,916
1,257,548
1,915,000
1,130,449
255,000
149,674,684
$
106,930,316
3,657,546
15,231,601
12,130,402
15,517,826
337,193
153,804,884
$
2015-16
Budget
32,879,460
74,704,317
38,342,000
1,393,000
1,937,900
1,048,120
250,000
150,554,797
$
$
$
103,533,974
3,061,174
14,685,761
12,725,709
14,082,719
354,558
148,443,895
2,110,902
$
$
$
34,696,000
73,868,000
38,402,000
1,223,000
1,890,000
1,187,000
260,000
151,526,000
$
$
$
1,082,894
$
(1,469,000) $
(4,130,200) $
$
1,640,000
(1,484,123)
1,238,771 $
1,189,000
(280,000) $
1,189,000
(2,941,200) $
(2,300,000)
(189,098) $
(575,000)
TRANSFERS TO (FROM) FUND BALANCE
Reserve for Prepaid Expenditures
$
Reserve for Noncurrent Assets
Reserve for Post-Employment Sick Pay
Reserve for Post-Employment Health Ins
Designated for State Aid Fluctuations
Designated for Subsequent Years
Designated for Subsequent Year
Designated for Operations
Total Transfers To (From) Fund Balance
$
(176,399) $
118,208
(1,300)
1,026,986
(650)
271,926
1,238,771 $
- $
(280,000)
(280,000) $
- $
(280,000)
(1,995,900)
(665,300)
(2,941,200) $
- $
(280,000)
90,902
(189,098) $
(575,000)
(575,000)
OTHER SOURCES (USES)
Operating Transfer In
Operating Transfer Out
Total Revenue and Other Sources
Beginning Fund Balance
Ending Fund Balance
$
50,859,835
52,098,606
$
34,513,000
73,752,000
38,301,000
1,283,000
1,915,000
1,000,000
255,000
151,019,000
2014-15
Estimate(1)
102,037,401
2,988,887
14,568,548
11,472,788
14,809,071
325,807
146,202,502
Net Revenue
$
92,112,851
13,220,215
37,639,129
1,316,004
1,861,106
903,488
232,603
147,285,396
2014-15
Adjusted
Budget
52,670,527
52,390,527
$
$
$
52,098,606
49,157,406
$
52,098,606
51,909,508
$
$
105,060,000
3,702,000
15,343,000
13,067,000
15,037,000
342,000
152,551,000
(1,025,000)
450,000
51,909,508
51,334,508
The General Fund is the primary operating fund of the district. Its accounts reflect all financial activity not required to be accounted for in another fund.
Changes in Fund Balance: The change in fund balance is due to a transfer from Reserves to cover payout of employee sick pay.
Note: (1) Eight months actual and four months estimate.
47
Madison Area Technical College District
SPECIAL REVENUE - AIDABLE FUND
FY 2015-16 Budget and Statement of
Resources, Uses and Changes in Fund Balance
2014-15
Original
Budget
2013-14
Actual
REVENUES
Local Government
State Aids
Program Fees
Material Fees
Other Student Fees
Institutional
Federal Aids
Total Revenues
EXPENDITURES
Instruction
Instructional Resources
Student Services
General Institutional
Physical Plant
Total Expenditures
$
$
1,585,000
1,060,000
344,000
49,000
429,000
2,791,000
4,068,000
10,326,000
$
$
$
(253,332) $
72,000
$
60,278
(193,054) $
72,000
TRANSFER TO (FROM) FUND BALANCE
Reserve for Prepaid Expenditures
$
Designated for Operations
Total Transfers To (From) Fund Balance
$
(112,432) $
(80,622)
(193,054) $
72,000
72,000
941,206
1,013,206
OTHER SOURCES (USES)
Operating Transfer In
Operating Transfer Out
Total Revenue and Other (Uses)
Beginning Fund Balance
Ending Fund Balance
$
$
8,084,118
40,727
1,327,741
21,536
86,424
9,560,546
$
8,226,000
85,000
1,943,000
10,254,000
Net Revenue
$
1,627,256
649,280
1,662
341,562
544,423
2,530,995
3,612,036
9,307,214
906,130
713,076
$
$
2014-15
Adjusted
Budget
$
$
$
1,585,000
4,101,448
550,000
69,651
574,771
3,158,720
4,865,073
14,904,663
$
12,405,331
85,152
2,327,966
14,570
14,833,019
$
71,644
$
71,644
$
$
71,644
71,644
$
713,076
784,720
2014-15
Estimate(1)
$
$
$
1,585,000
4,101,448
550,000
69,651
574,771
3,158,720
4,865,073
14,904,663
2015-16
Budget
$
$
$
12,405,331
85,152
2,327,966
14,570
14,833,019
$
$
71,644
$
(33,000)
$
71,644
$
(33,000)
$
$
1,585,000
5,083,000
605,000
75,000
607,000
2,455,000
4,327,000
14,737,000
$
12,568,000
124,000
2,063,000
15,000
14,770,000
$
71,644
71,644
$
(33,000)
(33,000)
$
713,076
784,720
$
784,720
751,720
The Special Revenue Aidable Fund is used to account for the proceeds of specific revenue sources (other than debt service, major capital projects, or
financial aid) that are restricted to expenditures for designated purposes because of legal or regulatory provisions. The Special Revenue Aidable Fund
consists of federal and state grants and business and industry contracts.
Note: (1) Eight months actual and four months estimate.
48
Madison Area Technical College District
SPECIAL REVENUE - NON-AIDABLE FUND
FY 2015-16 Budget and Statement of
Resources, Uses and Changes in Fund Balance
2014-15
Original
Budget
2013-14
Actual
REVENUES
Local Government
State Aids
Institutional
Federal Aids
Total Revenues
$
$
158,000
2,435,317
940,250
54,846,881
58,380,448
EXPENDITURES
Student Services
Total Expenditures
$
$
Net Revenues
$
OTHER SOURCES (USES)
Operating Transfer In
Total Revenue and Other Sources
$
2014-15
Adjusted
Budget
$
175,000
2,200,000
1,166,000
55,101,000
58,642,000
58,348,971
58,348,971
$
$
31,477
$
-
$
2014-15
Estimate(1)
$
175,000
2,200,000
1,158,876
55,395,563
58,929,439
58,642,000
58,642,000
$
$
-
$
-
$
2015-16
Budget
$
175,000
2,250,000
1,126,876
51,977,015
55,528,891
$
175,000
2,300,000
830,000
53,083,000
56,388,000
58,929,439
58,929,439
$
$
55,528,891
55,528,891
$
$
56,388,000
56,388,000
-
$
-
$
-
-
$
-
-
$
31,477
$
-
$
-
$
-
$
-
TRANSFERS TO (FROM) FUND BALANCE
Reserved for Student Financial Assistance
$
31,477
$
-
$
-
$
-
$
-
319,090
350,567
$
319,090
319,090
$
350,567
350,567
$
350,567
350,567
$
350,567
350,567
Beginning Fund Balance
Ending Fund Balance
$
The Special Revenue Non-Aidable Fund is used to account for assets held by the district as an agent for student organizations, government units, or
private organizations. The college accounts for student financial aid in this fund.
Changes in Fund Balance: Non-aidable: No change, due to creation of an intentionally "balanced budget" for funds held in trust.
Note: (1) Eight months actual and four months estimate.
49
Madison Area Technical College District
CAPITAL PROJECTS FUND
FY 2015-16 Budget and Statement of
Resources, Uses and Changes in Fund Balance
2014-15
Original
Budget
2013-14
Actual
REVENUES
Local government
State Aids
Institutional
Federal Aids
Total Revenues
EXPENDITURES
Instruction
Instructional Resources
Student Services
General Institutional
Physical Plant
Auxiliary Service
Public Service
Total Expenditures
Net (Expenditures)
$
307,715
150,750
96,842
555,307
$
$
9,297,288
1,971,203
275,425
7,568,842
4,588,086
323,307
109,408
24,133,559
$
$
7,000
1,000
76,000
84,000
$
$
11,211,000
5,172,000
395,000
6,492,000
22,800,000
1,842,000
89,000
48,001,000
$
2014-15
Adjusted
Budget
$
$
$
$
217,900
1,117,922
77,723
1,413,545
10,605,065
6,752,147
407,575
6,303,661
29,018,635
1,867,150
72,000
55,026,233
2014-15
Estimate(1)
$
$
273,559
1,112,628
80,875
1,467,062
$
6,074,270
3,718,394
216,982
5,992,133
13,000,518
1,618,088
98,122
30,718,507
2015-16
Budget
$
$
$
$
264,000
41,000
305,000
10,392,000
4,267,000
910,000
2,268,000
25,805,000
8,134,000
190,000
51,966,000
$
(23,578,252) $
(47,917,000) $
(53,612,688) $
(29,251,445) $
(51,661,000)
$
21,000,000
154,199
(2,424,053) $
31,070,000
(16,847,000) $
31,070,000
(22,542,688) $
31,070,000
2,300,000
4,118,555 $
24,800,000
(26,861,000)
TRANSFERS TO (FROM) FUND BALANCE
Reserve for Capital Projects
$
(2,424,053) $
(16,847,000) $
(22,542,688) $
Beginning Fund Balance
Ending Fund Balance
25,166,498
22,742,445
OTHER SOURCES (USES)
Proceeds from Debt
Operating Transfer In
Operating Transfer Out
Premium on Notes Issued
Total (Expenditures) and Other Sources
$
16,847,000
-
$
$
22,742,445
199,757
$
4,118,555
$
(26,861,000)
22,742,445
26,861,000
$
26,861,000
-
The Capital Projects Fund is used to account for financial resources to be used for the acquisition or construction of major capital assets and remodeling
(other than those financed by enterprise or internal service funds).
Changes in Fund Balance: Each year's budget assumes that all capital funds carried forward from the previous year will be fully expended, along with
new funds received.
Note: (1) Eight months actual and four months estimate.
50
Madison Area Technical College District
DEBT SERVICE FUND
FY 2015-16 Budget and Statement of
Resources, Uses and Changes in Fund Balance
2014-15
Original
Budget
2013-14
Actual
REVENUES
Local government
Institutional
Total Revenues
$
$
$
$
32,860,370 $
(2,706,278) $
29,808,140
345,097
$
$
676,203
(2,030,075) $
-
345,097
$
706,163
339,451
TRANSFERS TO (FROM) FUND BALANCE
Reserve for Debt Service
$
(2,030,075) $
345,097
$
339,451
$
339,451
$
2,966,845
3,311,942
$
2,945,008
3,284,459
$
2,945,008
3,284,459
$
Beginning Fund Balance
Ending Fund Balance (2)
$
4,975,083
2,945,008
$
$
$
$
30,153,237
30,153,237
$
$
30,519,949 $
(366,712) $
30,519,949 $
(366,712) $
$
706,163
339,451
$
(81,637)
(81,637)
$
30,153,237
30,153,237
2015-16
Budget
30,153,237
30,153,237
OTHER SOURCES (USES)
Operating Transfer In
Premium on Notes Issued
Total Revenues and Other Sources
$
2014-15
Estimate(1)
30,150,932
3,160
30,154,092
EXPENDITURES
Physical Plant
Net Revenue
$
2014-15
Adjusted
Budget
$
$
30,140,681
30,140,681
30,222,318
(81,637)
3,284,459
3,202,822
The Debt Service Fund is used to account for the accumulation of resources for, and the payment of General long-term debt principal and interest.
Changes in Fund Balance: The amount of fund balance at the end of any fiscal year must include the amount needed to make debt service payments in
the first six months of the succeeding year. Therefore the change in fund balance represents the amount of change in the payments from one year to the
next.
Note: (1) Eight months actual and four months estimate.
(2) The Reserve for Debt Service is established by Board resolution as required by State Statutes.
51
Madison Area Technical College District
ENTERPRISE FUNDS
FY 2015-16 Budget and Statement of
Resources, Uses and Changes in Fund Balance
2014-15
Original
Budget
2013-14
Actual
REVENUES
Local Government
State Aids
Institutional
Federal Aids
Total Revenues
EXPENDITURES
Auxiliary Services
Net Revenues
OTHER SOURCES (USES)
Operating Transfer In
Operating Transfer Out
Total Revenues and Other (Uses)
$
$
115,000
9,448,373
2,434
9,565,807
$
10,440,167
$
$
$
115,000
10,105,500
3,500
10,224,000
$
(874,360) $
2014-15
Adjusted
Budget
$
$
115,000
10,225,500
3,500
10,344,000
10,164,000
$
60,000
$
$
1,423,845
549,485
$
(500,000)
(440,000) $
TRANSFERS TO (FROM) FUND BALANCE
Retained Earnings
$
549,485
$
(440,000) $
1,695,275
2,244,760
$
Beginning Fund Balance
Ending Fund Balance
$
1,267,001
827,001
$
2014-15
Estimate(1)
$
115,000
9,381,500
3,500
9,500,000
$
115,000
9,584,500
3,500
9,703,000
10,314,000
$
9,700,000
$
10,025,000
30,000
$
(200,000) $
(322,000)
(500,000)
(470,000) $
(200,000) $
(322,000)
(470,000) $
(200,000) $
(322,000)
2,244,760
1,774,760
$
2015-16
Budget
$
2,244,760
2,044,760
$
$
2,044,760
1,722,760
The Enterprise Funds are used to account for ongoing activities which are similar to those often found in the private sector. Their measurement focus is
based upon determination of net income. The services are provided primarily through user charges. Examples of enterprise funds are: bookstore,
cafeteria, day care center and parking.
Changes in Fund Balance: Activities accounted for in the Enterprise Fund are expected to typically show a net profit. In addition, unidentified excess
retained earnings amounts are transferred to the General Fund as required by WTCS guidelines. The change in fund balance in FY2015-16 reflects the
use of prior year resources to offset the expected losses due to services available at the Truax campus during construction of the Culinary and Baking
Programs.
Note: (1) Eight months actual and four months estimate.
52
Madison Area Technical College District
INTERNAL SERVICE FUNDS
FY 2015-16 Budget and Statement of
Resources, Uses and Changes in Fund Balance
2014-15
Original
Budget
2013-14
Actual
REVENUES
Institutional
Federal Aids
Total Revenues
EXPENDITURES
Auxiliary Services
Net Revenues
$
$
11,815,257
11,815,257
$
$
OTHER SOURCES (USES)
Operating Transfer In
Operating Transfer Out
$
2014-15
Adjusted
Budget
$
$
12,920,000
12,920,000
11,696,520
$
118,737
$
2014-15
Estimate(1)
$
$
15,804,905
15,804,905
12,844,000
$
15,928,905
76,000
$
2015-16
Budget
$
$
13,419,568
13,419,568
$
15,182,000
15,182,000
$
13,326,866
$
15,173,000
(124,000) $
92,702
$
9,000
(1,640,000)
(689,000)
(689,000)
$
(1,521,263) $
(613,000) $
(813,000) $
92,702
$
(441,000)
TRANSFERS TO (FROM) FUND BALANCE
Reserve for Self Insurance
$
Retained Earnings
Total Transfers To (From) Fund Balance
$
(227,420) $
(1,293,842)
(1,521,262) $
- $
(613,000)
(613,000) $
- $
(813,000)
(813,000) $
92,702
92,702
$
(441,000)
(441,000)
Total Revenues and Other Sources
Beginning Fund Balance
Ending Fund Balance
$
5,816,061
4,294,799
4,100,172
3,487,172
$
$
4,294,799
3,481,799
-
$
4,294,799
4,387,501
(450,000)
$
$
4,387,501
3,946,501
The Internal Service Funds are used to account for the financing and related financial activities of providing goods or services from one department to
another within the college on a cost-reimbursement basis. The internal service funds utilized by the district are as follows: district stores, educational
services, information systems, telephone services, and self-insurance.
Changes in Fund Balance: For a variety of reasons, in any given year the amounts charged to the various user departments may not exactly equal the
cost of providing those services. This is reflected in the small amount of change in fund balance. In addition, unidentified excess retained earnings
amounts are transferred to the General Fund as required by WTCS guidelines.
Note: (1) Eight months actual and four months estimate.
53
54
$
OTHER SOURCES (USES)
Proceeds from Debt
Operating Transfer In
Operating Transfer (Out)
Net Revenues (Expenditures)
and Other Sources (Uses)
Beginning Fund Balance
Ending Fund Balance
$
TRANSFERS TO (FROM) FUND BALANCE
Reserve for Debt Service
$
Reserve for Post-Employee Sick Pay
Reserve for Capital Projects
Retained Earnings
Designated for Operations
Total Transfers To (From)
Fund Balance
$
$
Net Revenues (Expenditures)
Student Services
General Institutional
Physical Plant
Auxiliary Service
Public Service
Total Expenditures
$
$
EXPENDITURES
Instruction
Instructional Resources
$
$
REVENUES
Local government
State Aids
Program Fees
Material Fees
Other Student Fees
Institutional
Federal Aids
Total Revenues
$
$
$
$
$
$
$
$
$
784,720
751,720
$
(33,000) $
(575,000) $
51,909,508
51,334,508
- $
(33,000)
(33,000) $
-
(33,000) $
12,568,000
124,000
2,063,000
15,000
14,770,000
1,585,000
5,083,000
605,000
75,000
607,000
2,455,000
4,327,000
14,737,000
- $
(575,000)
-
(575,000) $
450,000
-
(1,025,000) $
105,060,000
3,702,000
15,343,000
13,067,000
15,037,000
342,000
152,551,000
34,696,000
73,868,000
38,402,000
1,223,000
1,890,000
1,187,000
260,000
151,526,000
General
350,567
350,567
-
-
-
-
-
56,388,000
56,388,000
175,000
2,300,000
830,000
53,083,000
56,388,000
$
$
$
$
$
$
$
$
$
Government Fund Type
Special Revenue
Aidable
Non-Aidable
$
$
$
$
26,861,000
-
$
(26,861,000) $
- $
(26,861,000)
-
(26,861,000) $
24,800,000
-
(51,661,000) $
10,392,000
4,267,000
910,000
2,268,000
25,805,000
8,134,000
190,000
51,966,000
264,000
41,000
305,000
Capital
Projects
$
$
$
$
3,284,459
3,202,822
$
(81,637) $
(81,637) $
-
(81,637) $
-
(81,637) $
30,222,318
30,222,318
30,140,681
30,140,681
Debt
Service
SUMMARY OF BUDGETED REVENUE AND EXPENDITURES BY FUND TYPE
FY 2015-16 Budget
Madison Area Technical College District
$
$
$
$
2,044,760
1,722,760
$
(322,000) $
- $
(322,000)
-
(322,000) $
-
(322,000) $
10,025,000
10,025,000
115,000
9,584,500
3,500
9,703,000
$
$
$
$
$
4,387,501
3,946,501
$
(441,000) $
- $
(441,000)
-
(441,000) $
(450,000)
9,000
15,173,000
15,173,000
15,182,000
15,182,000
Proprietary Fund Type
Internal
Enterprise
Service
89,622,515
61,308,878
(28,313,637)
(81,637)
(575,000)
(26,861,000)
(763,000)
(33,000)
(28,313,637)
24,800,000
450,000
(450,000)
(53,113,637)
128,020,000
8,093,000
74,704,000
15,335,000
71,079,318
33,332,000
532,000
331,095,318
66,711,681
81,515,000
39,007,000
1,298,000
2,497,000
29,238,500
57,714,500
277,981,681
Total
Total Budgeted Expenditures
Note:
Total
1,040.44
$
1,018.86
2014-15
Budget
102.02
474.90
1.00
440.94
14,770,000
56,388,000
$
51,966,000
$
871.56
69.65
Government Fund Type
General
Fund
86.32
454.70
6.00
324.54
30,222,318
$
10,025,000
Enterprise
Funds
$
2,837,097
782,997
$
3,620,094
6,404,906
$
$
$
15,173,000
Internal
Service
Funds
5,355,434
2,181,262
7,536,696
7,636,304
-
-
25.34
63.03
2015-16 Budget Year
Proprietary Fund Type
Internal
Special Revenue
Enterprise
Service
Aidable Fund
Capital Projects
Funds
Funds
3.68
4.87
10.78
25.30
40.67
20.47
52.25
POSITION SUMMARY- FTE BASIS
$
Special Revenue
Special Revenue Non-Aidable
Aidable Fund
Fund
Capital Projects
Debt Service
$
9,876,340 $
- $
- $
2,945,665
$ 12,822,005 $
- $
- $
1,947,995
56,388,000
51,966,000
30,222,318
BUDGETED EXPENDITURES BY OBJECT LEVEL
All Funds
2015-16 Budget Year
Madison Area Technical College District
8.51
Fiduciary
Trust and
Agency
Funds
0.35
8.16
$ 331,095,318
Total
$ 105,400,427
38,704,717
$ 144,105,144
104,801,856
51,966,000
30,222,318
1,038.09
Total
2015-16
Budget
106.00
480.00
6.00
446.09
Above numbers include all full time funded and authorized positions. Temporary, casual and part time positions are not included.
(1) The change in the Specialists counts from FY2014-15 to FY2015-16 were due to reclassification changes made during the Human Resources upgrade to the Workday ERP system
effective January 1, 2015. The change moved three positions from Administrators/Supervisores and two positions from Other Staff to Specialist.
1,026.24
2013-14
Actuals
107.60
482.00
1.00
449.84
$ 152,551,000
Salaries and Wages
Fringe Benefits
Personnel Services
Current Expense
Capital Outlay
Debt Service
2013-14
Budget
104.52
478.40
1.00
442.32
General
Fund
$ 87,331,556
32,794,793
$ 120,126,349
32,424,651
-
Administrators / Supervisors
Instructors
Specialists (1)
Other Staff
55
56
78,829,508
$
Total Liabilities and Fund Equity $
$
810,000
2,990
9,554,703
1,330,600
1,995,900
665,300
37,550,015
51,909,508
Fund Equity
Investment in Fixed Assets
Retained Earnings
Reserve for Self Insurance
Reserve for Prepaid Items
Reserve for Noncurrent Assets
Reserve for Compensated Absences
Reserve for Capital Projects
Reserve for Debt Service
Designated for State Aid Fluctuations
Designated for Subsequent Years
Designated for Subsequent Year
Designated for Operations
Total Fund Equity
$
$
$
$
$
$
2,464,720
74,883
709,837
784,720
1,250,000
240,000
190,000
1,680,000
2,220,000
7,760,000
16,940,000
26,920,000
Liabilities
Vouchers Payable
Accrued Payroll
Deferred Revenue
Due to Student Organizations
Due to Other Organizations
Compensated Absences
Capital Lease Obligation
General Obligation Debt
Unfunded Pension
Total Liabilities
$
2,464,720
78,829,508
$
-
-
93,837
1,540,000
756,000
74,883
-
$
21,552,000
300,000
19,060,000
200,000
810,000
-
36,907,508
Assets
Cash & Investments
$
Receivables:
Local taxes
Federal and State Aid
Tuition, Less Allowance for Doubtful
Other
Inventories
Prepaid Items
Fixed Assets, Less Depreciation
Other Debits
Available in General Fund for
Compensated Absences
Available in Debt Service
Amount to be Provided for Long-Term
Obligations
Total Assets
$
General
$
$
$
$
$
$
$
375,567
350,567
350,567
25,000
25,000
375,567
-
250,000
40,000
-
85,567
$
$
$
$
$
$
$
Government Fund Type
Special Revenue Special Revenue
Aidable
Non-Aidable
30,361,000
26,861,000
26,861,000
3,500,000
3,500,000
30,361,000
-
-
30,361,000
Capital
Projects
$
$
$
$
$
$
$
3,284,459
3,284,459
3,284,459
-
3,284,459
-
-
3,284,459
Debt
Service
Madison Area Technical College District
Pro-Forma Balance Sheet
July 1, 2015
$
$
$
$
$
$
$
$
2,204,760
2,044,760
2,044,760
$
$
$
(160,000) $
90,000
230,000
160,000 $
2,204,760
-
60,000
1,410,000
1,450,000
(715,240) $
4,857,501
3,252,604
404,897
730,000
4,387,501
340,000
130,000
470,000
4,857,501
-
60,000
730,000
3,130,000
937,501
Proprietary Fund Type
Internal
Enterprise
Service
$
$
$
$
$
$
$
226,079,000
226,079,000
226,079,000
-
226,079,000
-
226,079,000
-
$
$
$
$
$
$
$
-
-
173,588,258
-
53,799
173,534,459
173,588,258
170,303,799
173,588,258
3,284,459
Account Groups
Capital
Long-Term
Assets
Debt
$
$
$
$
$
$
$
522,044,773
226,079,000
5,297,364
404,897
1,614,883
2,990
9,554,703
26,861,000
3,284,459
1,330,600
1,995,900
665,300
38,610,419
315,701,515
7,175,000
8,220,000
17,360,000
53,799
173,534,459
206,343,258
170,303,799
522,044,773
3,284,459
21,552,000
2,090,000
19,060,000
1,056,000
1,470,000
1,614,883
230,659,000
70,954,632
Total
57
78,523,708
$
Total Liabilities and Fund Equity $
$
810,000
2,990
8,979,703
1,330,600
1,995,900
665,300
37,550,015
51,334,508
Fund Equity
Investment in Fixed Assets
Retained Earnings
Reserve for Self Insurance
Reserve for Prepaid Items
Reserve for Noncurrent Assets
Reserve for Compensated Absences
Reserve for Capital Projects
Reserve for Debt Service
Designated for State Aid Fluctuations
Designated for Subsequent Years
Designated for Subsequent Year
Designated for Operations
Total Fund Equity
$
$
$
$
$
$
2,448,520
676,837
751,720
74,883
-
1,262,500
242,400
191,900
1,696,800
2,242,200
7,837,600
17,109,400
27,189,200
Liabilities
Vouchers Payable
Accrued Payroll
Deferred Revenue
Due to Student Organizations
Due to Other Organizations
Compensated Absences
Capital Lease Obligation
General Obligation Debt
Unfunded Pension
Total Liabilities
$
2,448,520
78,523,708
$
-
-
$
$
$
$
$
$
(116,963) $
1,848,000
642,600
74,883
-
$
21,981,000
303,000
18,869,400
194,000
810,000
-
36,366,308
Assets
Cash & Investments
$
Receivables:
Local taxes
Federal and State Aid
Tuition, Less Allowance for Doubtful
Other
Inventories
Prepaid Items
Fixed Assets, Less Depreciation
Other Debits
Available in General Fund for
Compensated Absences
Available in Debt Service
Amount to be Provided for Long-Term
Obligations
Total Assets
$
General
375,817
350,567
350,567
-
25,250
25,250
375,817
-
255,000
38,800
-
82,017
$
$
$
$
$
$
$
Government Fund Type
Special Revenue Special Revenue
Aidable
Non-Aidable
3,000,000
-
-
3,000,000
3,000,000
3,000,000
-
-
3,000,000
Capital
Projects
$
$
$
$
$
$
$
3,202,822
3,202,822
3,202,822
-
3,202,822
-
-
3,202,822
Debt
Service
Madison Area Technical College District
Pro-Forma Balance Sheet
July 1, 2016
$
$
$
$
$
$
$
$
1,901,960
1,722,760
1,722,760
-
$
$
$
(144,000) $
90,900
232,300
179,200 $
1,901,960
-
58,200
1,367,700
1,421,000
(944,940) $
4,421,201
3,946,501
2,884,604
404,897
657,000
-
343,400
131,300
474,700
4,421,201
-
58,200
657,000
2,973,500
732,501
Proprietary Fund Type
Internal
Enterprise
Service
$
$
$
$
$
$
$
235,079,000
235,079,000
235,079,000
-
-
235,079,000
-
235,079,000
-
$
$
$
$
$
$
$
-
-
175,943,973
-
-
48,973
175,895,000
175,943,973
163,761,448
175,943,973
8,979,703
3,202,822
Account Groups
Capital
Long-Term
Assets
Debt
$
$
$
$
$
$
$
503,566,401
1,995,900
665,300
38,577,419
295,057,278
235,079,000
4,607,364
404,897
1,541,883
2,990
8,979,703
3,202,822
6,729,350
8,302,200
17,533,600
48,973
175,895,000
208,509,123
21,981,000
2,406,000
18,869,400
933,600
1,425,900
1,541,883
239,473,500
8,979,703
3,202,822
163,761,448
504,897,001
42,321,745
Total
Madison Area Technical College District
SCHEDULE OF LONG-TERM OBLIGATIONS
FY 2015-16 Budget Year
SCHEDULE OF LONG-TERM OBLIGATIONS
FY 2015-16 Budget Year
Page 1
Principal
Interest
Total
General Obligation Promissory Notes (7 Years) issued in
June 2009 to UMB Bank N.A. in the amount of $2,935,000
for the financing of building repairs and remodeling
($1,000,000), building construction ($355,000), and the
purchase of equipment ($1,580,000):
2015-16
Total
175,000
175,000
4,375
4,375
179,375
179,375
General Obligation Promissory Notes (7 Years) issued in
February 2010 to M&I Marshall & Ilsley Bank in the amount
of $6,320,000 for the financing of building repairs and
remodeling ($875,000), building construction ($200,000)
and the purchase of equipment ($5,245,000):
2015-16
2016-17
Total
1,085,000
1,085,000
2,170,000
56,963
29,838
86,800
1,141,963
1,114,838
2,256,800
General Obligation Promissory Notes (6 Years) issued in
April 2010 to Piper Jaffray & Co. in the amount of
$10,360,000 for the financing of building repairs and
remodeling ($595,000), site improvement projects
($1,310,000) and the purchase of equipment ($8,455,000):
2015-16
Total
720,000
720,000
14,400
14,400
734,400
734,400
General Obligation Promissory Notes (5 Years) issued in
February 2011 to Robert W. Baird & Co. in the amount of
$13,740,000 for the financing of the purchase of equipment:
2015-16
Total
2,745,000
2,745,000
54,900
54,900
2,799,900
2,799,900
2015-16
2016-17
2017-18
2018-19
2019-20
2020-21
Total
1,205,000
1,245,000
1,290,000
1,335,000
1,385,000
1,435,000
7,895,000
244,925
214,800
177,450
138,750
98,700
50,225
924,850
1,449,925
1,459,800
1,467,450
1,473,750
1,483,700
1,485,225
8,819,850
2015-16
Total
900,000
900,000
22,500
22,500
922,500
922,500
General Obligation School Improvement Bonds (20 Years)
issued in May 2011 to Piper Jaffray & Co. in the amount of
$41,500,000 for the financing of capital expenditures
included in the Campus Master Plan:
2015-16
2016-17
2017-18
2018-19
2019-20
2020-31
Total
1,535,000
1,585,000
1,630,000
1,685,000
1,750,000
25,540,000
33,725,000
1,442,675
1,404,300
1,356,750
1,291,550
1,224,150
7,819,225
14,538,650
2,977,675
2,989,300
2,986,750
2,976,550
2,974,150
33,359,225
48,263,650
General Obligation School Improvement Bonds (20 Years)
issued in July 2011 to Citigroup Gobal Markets, Inc. in the
amount of $57,100,000 for the financing of capital
expenditures included in the Campus Master Plan:
2015-16
2016-17
2017-18
2018-19
2019-20
2020-31
Total
2,330,000
4,225,000
4,430,000
3,660,000
2,910,000
31,460,000
49,015,000
2,041,700
1,971,800
1,802,800
1,625,600
1,479,200
9,144,650
18,065,750
4,371,700
6,196,800
6,232,800
5,285,600
4,389,200
40,604,650
67,080,750
General Obligation School Improvement Bonds (10 Years)
issued in March 2011 to M&I Marshall & Ilsley Bank in the
amount of $12,100,000 for the financing of capital
expenditures included in the Campus Master Plan:
General Obligation Promissory Notes (5 Years) issued in
April 2011 to Piper Jaffray & Co. in the amount of
$4,530,000 for the financing of building repairs and
remodeling ($1,010,000), building construction ($305,000)
and purchase of equipment ($3,215,000):
58
SCHEDULE OF LONG-TERM OBLIGATIONS
FY 2015-16 Budget Year
Page 2
Principal
Interest
Total
General Obligation Promissory Notes (9 Years) issued in
August 2011 to BOSC, Inc. in the amount of $7,050,000 for
the purchase of equipment:
2015-16
2016-17
2017-18
2018-19
2019-20
Total
910,000
910,000
910,000
340,000
340,000
3,410,000
76,150
57,950
39,750
17,000
8,500
199,350
986,150
967,950
949,750
357,000
348,500
3,609,350
General Obligation Promissory Notes (9 Years) issued in
February 2012 to Piper Jaffray & Co. in the amount of
$7,050,000 for the purchase of equipment ($5,410,000),
financing of building repairs and remodeling ($1,390,000),
and site improvement projects ($250,000):
2015-16
2016-17
2017-18
2018-19
2019-20
2020-21
Total
1,000,000
1,000,000
500,000
500,000
500,000
500,000
4,000,000
80,000
60,000
40,000
30,000
20,000
10,000
240,000
1,080,000
1,060,000
540,000
530,000
520,000
510,000
4,240,000
General Obligation Promissory Notes (7 Years) issued in
June 2012 to Robert W. Baird & Co. in the amount of
$7,000,000 for the purchase of equipment:
2015-16
2016-17
2017-18
2018-19
Total
550,000
550,000
550,000
90,000
1,740,000
52,200
35,700
19,200
2,700
109,800
602,200
585,700
569,200
92,700
1,849,800
General Obligation Promissory Notes (9 Years) issued in
August 2012 to Hutchinson Shockey Erley & Co. in the
amount of $10,500,000 for the purchase of equipment
($9,500,000) and site improvement projects ($1,000,000):
2015-16
2016-17
2017-18
2018-19
2019-20
2020-21
Total
1,270,000
1,250,000
1,240,000
250,000
250,000
500,000
4,760,000
75,150
56,100
37,350
18,750
15,000
10,000
212,350
1,345,150
1,306,100
1,277,350
268,750
265,000
510,000
4,972,350
General Obligation Promissory Notes (9 Years) issued in
February 2013 to Janney Montgomery Scott LLC in the
amount of $10,500,000 for the purchase of equipment
($9,000,000) and financing of building remodeling and
improvement projects ($1,500,000):
2015-16
2016-17
2017-18
2018-19
2019-20
2020-22
Total
1,180,000
1,215,000
1,250,000
1,290,000
500,000
1,000,000
6,435,000
178,050
142,650
106,200
68,700
30,000
30,000
555,600
1,358,050
1,357,650
1,356,200
1,358,700
530,000
1,030,000
6,990,600
2015-16
2016-17
Total
525,000
545,000
1,070,000
32,100
16,350
48,450
557,100
561,350
1,118,450
2015-16
2016-17
2017-18
2018-19
2019-20
2020-33
Total
250,000
215,000
245,000
240,000
285,000
10,970,000
12,205,000
482,750
477,750
473,450
468,550
463,750
3,613,700
5,979,950
732,750
692,750
718,450
708,550
748,750
14,583,700
18,184,950
General Obligation Promissory Notes (4 Years) issued in
June 2013 to Citigroup Global Markets in the amount of
$5,750,000 for the purchase of equipment ($3,250,000),
financing of building remodeling and improvement projects
($1,500,000) and site improvement projects ($1,000,000):
General Obligation School Improvement Bonds (20 Years)
issued in June 2013 in the amount of $13,000,000 to Piper
Jaffray & Co. for the financing of capital expenditures
included in the Campus Master Plan:
59
SCHEDULE OF LONG-TERM OBLIGATIONS
FY 2015-16 Budget Year
Page 3
Principal
Interest
Total
General Obligation Promissory Notes (10 Years) issued in
September 2013 to BMO Capital Markets GKST Inc. in the
amount of $9,215,000 for the purchase of equipment
($7,715,000) and financing of building remodeling and
improvement projects ($1,500,000):
2015-16
2016-17
2017-18
2018-19
2019-20
2020-23
Total
1,540,000
1,590,000
1,635,000
280,000
290,000
930,000
6,265,000
185,825
139,625
91,925
42,875
35,875
56,400
552,525
1,725,825
1,729,625
1,726,925
322,875
325,875
986,400
6,817,525
General Obligation Promissory Notes (10 Years) issued in
January 2014 in the amount of $9,285,000 to Piper Jaffray &
Co. for the purchase of equipment ($7,785,000) and
financing of building remodeling and improvement projects
($1,500,000):
2015-16
2016-17
2017-18
2018-19
2019-20
2020-23
Total
1,155,000
1,185,000
1,200,000
1,235,000
360,000
1,140,000
6,275,000
152,850
129,750
106,050
82,050
45,000
69,000
584,700
1,307,850
1,314,750
1,306,050
1,317,050
405,000
1,209,000
6,859,700
General Obligation Promissory Notes (10 Years) issued in
June 2014 in the amount of $2,500,000 for equipment
($600,000), financing of building remodeling and
improvement projects ($1,500,000) and site improvement
projects ($400,000):
2015-16
2016-17
2017-18
2018-19
2019-20
2020-24
Total
230,000
230,000
235,000
240,000
245,000
1,050,000
2,230,000
52,950
50,650
48,350
43,650
38,850
79,950
314,400
282,950
280,650
283,350
283,650
283,850
1,129,950
2,544,400
General Obligation Promissory Notes (10 Years) issued in
August 2014 in the amount of $8,000,000 for the purchase of
equipment:
2015-16
2016-17
2017-18
2018-19
2019-20
2020-24
Total
570,000
585,000
605,000
625,000
640,000
2,765,000
5,790,000
168,300
151,200
133,650
115,500
96,750
188,850
854,250
738,300
736,200
738,650
740,500
736,750
2,953,850
6,644,250
General Obligation Promissory Notes (10 Years) issued in
January 2015 in the amount of $8,500,000 for the purchase
of equipment ($7,000,000) and financing of building
remodeling and improvement projects ($1,500,000):
2015-16
2016-17
2017-18
2018-19
2019-20
2020-24
Total
260,000
1,040,000
1,060,000
1,085,000
4,605,000
8,050,000
185,575
185,575
180,375
149,175
133,275
252,925
1,086,900
185,575
445,575
1,220,375
1,209,175
1,218,275
4,857,925
9,136,900
General Obligation Promissory Notes (2 Years) to be issued
in June 2015 in the amount of $4,500,000 for the purchase of
equipment and other projects:
2015-16
2016-17
Total
2,460,000
2,040,000
4,500,000
75,313
51,000
126,313
2,535,313
2,091,000
4,626,313
General Obligation School Improvement Bonds (18 Years)
to be issued in June 2015 in the amount of $10,070,000 for
the financing of capital expenditures included in the Campus
Master Plan:
2015-16
2016-17
2017-18
2018-19
2019-20
2020-33
Total
450,000
470,000
490,000
8,660,000
10,070,000
286,505
427,975
427,975
408,850
388,875
2,794,588
4,734,768
286,505
427,975
877,975
878,850
878,875
11,454,588
14,804,768
General Obligation Promissory Notes (3 Years) to be issued
in September 2015 in the amount of $4,150,000 for the
purchase of equipment and other projects:
2015-16
2016-17
2017-18
Total
1,775,000
1,375,000
1,000,000
4,150,000
51,587
59,375
25,000
135,962
1,826,587
1,434,375
1,025,000
4,285,962
60
SCHEDULE OF LONG-TERM OBLIGATIONS
FY 2015-16 Budget Year
Page 4
Principal
Interest
Total
General Obligation Promissory Notes (5 Years) to be issued
in November 2015 in the amount of $4,150,000 for the
purchase of equipment and other projects:
2015-16
2016-17
2017-18
2018-19
2019-20
Total
1,025,000
1,000,000
1,050,000
1,075,000
4,150,000
33,719
103,750
78,125
53,125
26,875
295,594
33,719
1,128,750
1,078,125
1,103,125
1,101,875
4,445,594
General Obligation Promissory Notes (4 Years) to be issued
in January 2016 in the amount of $4,150,000 for the
purchase of equipment and other projects:
2015-16
2016-17
2017-18
2018-19
2019-20
Total
1,000,000
1,555,000
1,595,000
4,150,000
15,851
103,750
103,750
78,750
39,875
341,976
15,851
103,750
1,103,750
1,633,750
1,634,875
4,491,976
General Obligation Promissory Notes (5 Years) to be issued
in March 2016 in the amount of $4,150,000 for the purchase
of equipment and other projects:
2015-16
2016-17
2017-18
2018-19
2019-20
2020-21
Total
1,350,000
1,385,000
1,415,000
4,150,000
103,462
103,750
103,750
70,000
35,375
416,337
103,462
103,750
1,453,750
1,455,000
1,450,375
4,566,337
General Obligation Promissory Notes (8 Years) to be issued
in May 2016 in the amount of $4,100,000 for the purchase of
equipment and other projects:
2015-16
2016-17
2017-18
2018-19
2019-20
2020-24
Total
4,100,000
4,100,000
84,563
102,500
102,500
102,500
258,625
650,688
84,563
102,500
102,500
102,500
4,358,625
4,750,688
General Obligation Promissory Notes (9 Years) to be issued
in June 2016 in the amount of $4,100,000 for the purchase of
equipment and other projects:
2015-16
2016-17
2017-18
2018-19
2019-20
2020-25
Total
4,100,000
4,100,000
68,903
102,500
102,500
102,500
361,125
737,528
68,903
102,500
102,500
102,500
4,461,125
4,837,528
Lease purchase agreement with Dane County Airport for
land at Truax Airpark campus: *
2015-16
2016-17
2017-18
2018-19
2019-20
2020-32
Total
4,826
4,556
4,300
4,059
3,831
32,227
53,799
40,180
40,900
41,611
42,311
43,002
567,679
775,683
45,006
45,456
45,911
46,370
46,833
599,906
829,482
Grand Total
$
198,998,799
$
52,665,347
$
251,664,146
* Capital Lease: Effective in 1983 the District entered into a 99-year agreement with Dane County to lease land for the Truax
Campus. Commencing April 1, 2033, and continuing thereafter, the District has the option to purchase the leased land at a
then-calculated value equal to the original base value of $570,000 increased at the rate of 1% per year. This lease has been accounted
for as a capital lease. Payments made under terms of the lease are recorded in the Debt Service Fund.
61
Madison Area Technical College District
COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS
FY 2015-16 Budget Year
FY 2015-16 Budget Summary
FY2015-16 Budget
Principal
Interest
Total
2015-16
24,114,826
6,107,492
30,222,318
2016-17
22,119,556
6,167,715
28,287,271
2017-18
20,214,300
5,598,511
25,812,811
2018-19
17,259,059
4,986,636
22,245,695
2019-20
15,088,831
4,462,677
19,551,508
2020-25
51,446,165
16,230,697
67,676,862
2025-30
36,402,114
8,207,719
44,609,833
2030-33
12,353,948
903,901
13,257,849
Total
$
198,998,799
$
62
52,665,347
$
251,664,146
SUPPLEMENTAL DATA
SECTION
Legal Description of Madison Area Technical College District
Columbia County less the portion of the School District of Markesan; Dane County less the portion
of the Barneveld School District and the Pecatonica Area School District; Jefferson County less the
portion of the Oconomowoc Area School District, the Palmyra-Eagle Area School District, and the
School District of Kettle Moraine; Marquette County less the portion of the School District of
Princeton and the School District of Markesan; Sauk County less the portion of the School District
of Hillsboro, the School District of Ithaca, and the School District of Weston; plus the portion of the
School District of Wisconsin Dells in Adams County; the Columbus School District, the Randolph
School District and the Watertown Unified School District in Dodge County; the School District of
Belleville, the School District of New Glarus and the Oregon School District in Green County; the
Wisconsin Heights School District, the Mount Horeb Area School District and the River Valley
School District in Iowa County; the School District of Reedsburg, the School District of Wisconsin
Dells, and the School District of Wonewoc and Union Center in Juneau County; the River Valley
School District and the School District of Wonewoc and Union Center in Richland County; and the
Oregon School District and the Stoughton Area School District in Rock County.
Madison Area Technical College - Madison
Truax Airpark - Main District Campus, 1701 Wright Street, Madison, Wisconsin 53704
1,424,517 square feet
Downtown Education Center, 211 North Carroll Street, Madison, Wisconsin 53703
201,445 square feet
Commercial Avenue Education Center, 2125 Commercial Avenue, Madison, Wisconsin 53704
109,281 square feet
Madison Area Technical College - Fort Atkinson
827 Banker Road, Fort Atkinson, Wisconsin 53538
36,840 square feet
Madison Area Technical College - Portage
330 Collins Street, Portage, Wisconsin 53901
17,932 square feet
Madison Area Technical College - Reedsburg
300 Alexander Avenue, Reedsburg, Wisconsin 53959
29,559 square feet
Madison Area Technical College - Watertown
1300 West Main Street, Watertown, Wisconsin 53098
37,441 square feet
Leased space in nine facilities totals 169,514 square feet.
Grand Total Square Footage = 2,026,529
The District rents additional space in public school buildings and other facilities to provide instruction.
63
Madison Area Technical College District
Degree/Diploma Program & Other Instructional Offerings
Madison College is second largest among the Wisconsin Technical College System’s 16 colleges. It
provides real-world smart, work-ready education through a comprehensive curriculum of technical,
liberal arts and science, adult basic education and life enrichment studies and activities, as well as
customized employee training. Madison College offers associate degrees, vocational diplomas and
certificates, and non-degree courses in more than 140 programs of study. The college, with campuses in
Madison, Fort Atkinson, Portage, Reedsburg and Watertown, serves all or parts of 12 counties located in
south-central Wisconsin and offers instruction at numerous other communities in the district. The
following degree, diploma, and apprenticeship programs, certificates, and other types of instructional
offerings are available at Madison College:
School of Academic Advancement
Two-Year Associate Degree Programs

Other Instructional Offerings (continued)




Individualized Technical Studies
Other Instructional Offerings



Adult Basic Education
Adult Secondary Education
Developmental Education
English as a Second Language
High School Completion Options
Transition Programming
ABE/ESL Bridge to Programs
School of Applied Science, Engineering, and Technologies
Cluster: Manufacturing
Cluster: Agriscience & Natural Resources
Two-Year Associate Degree Programs
Two-Year Associate Degree Programs


Veterinary Technician
Certificates






Renewable Energy Certificate
Introduction to Wind Energy Certificate
Photovoltaics Certificate
One-Year Technical Diploma Programs

Industrial Mechanic - HVAC

Industrial Mechanic

Machine Tooling Operations

Metal Fabrication Welding
Cluster: Biotechnology & Electron Microscopy
Two-Year Associate Degree Programs


Biotechnology Laboratory Technician
Electron Microscopy Technician
Certificates

CNC Specialist Certificate
Certificates





AMST: Automated Manufacturing Systems
Technology
Industrial Maintenance Technician
Technical Studies Journeywork
Machine Tooling Technics
Bioinformatics Certificate
Biotechnology Post-baccalaureate Certificate
Biotechnology Intensive Post-Baccalaureate Certificate
Electron Microscopy Post-Baccalaureate Certificate
Stem Cells Technology Certificate


Industrial Automation Post-Baccalaureate Certificate
Machine Tool Operations Certificate
Cluster: Transportation
Two-Year Associate Degree Programs






Cluster: Applied Engineering Technology
Two-Year Associate Degree Programs






Architectural Studies Transfer Program
Architectural Technician
Civil Engineering Technology
Electronics
Electrical Engineering Technology
Mechanical Design Technology
One-Year Technical Diploma Programs

Motorcycle, Marine & Outdoor Power Products

Auto Collision Repair & Refinishing Technician
Certificates

Auto Collision Repair & Refinishing Technician
Automotive Technician
Automotive Technology-Comprehensive
Diesel & Heavy Equipment Technician
Diesel Equipment Technology
John Deere – Ag Equipment
Electronic Assembler Certificate
64
School of Applied Science, Engineering, and Technologies (continued)
Apprenticeships (continued)
Cluster: Construction












One-Year Technical Diploma Programs


Cabinetmaking and Millwork
Construction and Remodeling
Apprenticeships





Bricklaying
Carpentry
Cement Mason/Concrete Finisher
Electrician
Environmental Service Technician/HVAC Installer
Technician
Industrial (Maintenance) Electrician
Injection Molding (plastic)
Ironworking
Machinist
Maintenance Mechanic/Millwright
Painter and Decorator
Plumbing
Residential Wirer
Sheet Metal
Steamfitter
Tool and Die
Voice Data and Video
School of Arts and Sciences
Two-Year Associate Degree Programs

Certificates




Liberal Arts Transfer:
Associate Degree – Arts
Associate Degree – Science
Associate Degree – Engineering
Ethnic Studies Certificate
Journalism Certificate
Global Studies Certificate
Gender and Women’s Studies Certificate
Other Instructional Offerings


Honors Program
General Education
School of Business and Applied Arts
Cluster: Accounting & Finance
Cluster: Business & Marketing
Two-Year Associate Degree Programs




Two-Year Associate Degree Programs



Accounting
Business Management
Finance
Human Resource Management
One-Year Technical Diploma Programs


One-Year Technical Diploma Programs


Accounting Assistant
General Accountancy










Human Resources Certificate
Cluster: Applied Arts
Two-Year Associate Degree Programs





Animation–Concept Development
Graphic Design and Illustration
Interior Design
Photography
Visual Communications–Media Design
Certificates


Video Production Certificate
Web Page Design Certificate
Other Instructional Offerings

Small Business Entrepreneurship
Paralegal Post-baccalaureate
Certificates
Certificates

Fashion Marketing
Marketing
Paralegal
College Transfer Art
65
Risk Management & Insurance Certificate
Real Estate Sales Certificate
Retail Management Certificate
Sales Academy Certificate
Social Media Certificate
Facilities Management Certificate
Mobile Marketing Certificate
Business Plan Certificate
Entrepreneurship Certificate
Digital Marketing Certificate
School of Business and Applied Arts (continued)
Cluster: Hospitality
Cluster: Information Technology
Two-Year Associate Degree Programs





Two-Year Associate Degree Programs





Culinary Arts
Hospitality Management
Meeting & Event Management
Recreation Management: Activity/Fitness
Emphasis
Recreation Management: Outdoor Education
Emphasis
One-Year Technical Diploma Programs

One-Year Technical Diploma Programs












Cosmetology
Certificates


Fitness/Health Club Specialist Certificate
Meeting and Event Management for
Administrative Professionals


Cluster: Business Technology


Two-Year Associate Degree Programs



Administrative Professional
Court Reporting
Medical Administrative Specialist

One-Year Technical Diploma Programs

Business Software Application Specialist
Certificates





IT–Help Desk Support Specialist
Certificates
Baking & Decorative Arts
Cosmetology
Culinary Production Specialist
Apprenticeship Programs

IT–Systems Administration Specialist
IT–Network Security Specialist
IT–Network Specialist
IT–Mobile Applications Developer
IT–Web Software Developer
Project Management for the Office Professional
Certificate
Healthcare Reception Pathway Certificate
Microsoft® Office Certificate - Expert
Microsoft® Office - Core
Medical Billing Specialist Certificate
66
Bioinformatics Certificate (ASET)
IT–Cisco Certified Networking Assoc. (CCNA)
Certificate
IT–CompTia A+ Computer Essentials Certificate
IT–Information Security Certificate
IT–iOS Applications Development Certificate
IT–Java Professional Developer Certificate
IT–LAMP Open Source Development Certificate
IT–Microsoft® Visual Studio.NET Certificate
IT–PHP Professional Web Developer Certificate
IT–VMware Certified Professional Certificate
IT–Android Applications Development
Certificate
IT–Microsoft Technologies Certificate
IT–Cisco Certified Entry Networking
Technician-CCENT
IT–HDI-Customer Service Analyst Certificate
School of Health Education
Cluster: Health-Related Programs
Cluster: Nursing
Two-Year Associate Degree Programs






Two-Year Associate Degree Programs

Medical Laboratory Technician
Dental Hygienist
Occupational Therapy Assistant
Physical Therapist Assistant
Radiography
Respiratory Therapist
Less-Than-One-Year Technical Diploma Programs



Nursing Completion LPN to ADN
Cluster: Safety Education
Other Instructional Offerings




Dental Assistant
Therapeutic Massage
Certificates




Practical Nursing (tentative)
Other Instructional Offerings
Medical Assistant
Medical Coding Specialist
Optometric Technician
Surgical Technologist
Less-Than-One-Year Technical Diploma Programs


Nursing Assistant
Certificate
One-Year Technical Diploma Programs




Associate Degree Nursing
Clinical Ophthalmic Assistant Certificate
Dietary Manager Certificate
Phlebotomy Training Certificate
Polysomnography Advanced Technical
Certificate (ATC)
Group Dynamics
Multiple Offender
Responsible Beverage Server
Traffic Safety
School of Human and Protective Services
Cluster: Education
Cluster: Protective Services
Two-Year Associate Degree Programs

Two-Year Associate Degree Programs


Early Childhood Education
Apprenticeship Programs

Less-Than-One-Year Technical Diploma Programs
Child Care Development Specialist Apprentice


Cluster: Emergency Medical Services



Emergency Medical Technician
Advanced Emergency Medical Technician
Paramedic
Digital Forensics Certificate
Homeland Security
Jail Officer
Other Instructional Offerings







Cluster: Human Services
Two-Year Associate Degree Programs

Criminal Justice–Law Enforcement Academy
Fire Service Certification
Certificates
Less-Than-One-Year Technical Diploma Programs



Criminal Justice–Law Enforcement
Fire Protection Technician
Human Services Associate
67
CPR
Early Childhood Education NonDegree
Emergency Medical Services
Fire Training
Law Enforcement Specialized Training
Motorcycle Training
Van Driver Training
MADISON AREA TECHNICAL COLLEGE DISTRICT
ENROLLMENT STATISTICS
Ten Fiscal Years
Student Enrollment (1)
Aidable
Year
2007
2008
2009
2010
2011
2012
2013
2014
2015 - est
2016 - budget
College
Transfer
8,566
8,813
9,290
10,593
11,363
11,230
11,083
10,870
10,596
(3)
Associate
Degree
13,095
12,910
13,251
15,330
16,216
15,709
15,128
14,474
14,130
(3)
Technical
Diploma
5,032
4,649
4,879
5,056
4,612
4,155
3,948
3,309
4,068
(3)
Non-Aidable
Vocational
Adult
17,560
16,291
13,712
12,353
9,920
9,839
8,890
9,383
8,740
(3)
Basic
Education
6,141
5,680
5,859
6,372
6,867
6,365
6,045
6,647
4,977
(3)
Community
Service
Grand Total
3,104
2,475
2,103
1,989
2,930
3,940
4,580
4,853
4,295
(3)
44,301
41,848
39,486
40,382
39,716
39,222
37,771
36,714
36,108
(3)
Full-time Equivalents (2)
Aidable
Year
2007
2008
2009
2010
2011
2012
2013
2014
2015 - est
2016 - budget
College
Transfer
2,957
3,088
3,237
3,683
3,844
3,806
3,794
3,690
3,616
3,578
Associate
Degree
4,452
4,379
4,465
5,199
5,329
5,083
4,872
4,660
4,620
4,556
Technical
Diploma
1,082
1,032
1,039
1,071
1,042
939
930
893
945
871
Non-Aidable
Vocational
Adult
348
375
277
270
216
226
205
197
193
192
Basic
Education
440
489
531
542
551
535
555
554
422
518
Total Aidable
Community
Service
9,279
9,363
9,550
10,764
10,981
10,589
10,355
9,994
9,796
9,715
71
64
55
48
68
83
89
88
90
85
Total
9,350
9,428
9,605
10,812
11,050
10,672
10,445
10,081
9,886
9,800
Notes:
(1) Student enrollment represents the unduplicated count of students enrolled in District courses. A student may be enrolled in more than one
program, but is counted only once in the Grand Total. Therefore, the Grand Total column does not equal the sum of the individual
programs.
(2) A full-time equivalent (FTE) is equal to 30 annual student credits based on a mathematical calculation, which varies somewhat by program
and which is subject to state approval and audit of student and course data.
(3) Information not yet available.
Source: Prior year actuals from WTCS Client Reporting System. Current year estimate from Institutional Research & Effectiveness. Planning
year estimate from Budget Office.
68
69
46,555,092,100
67.8%
2013
% of Total
15,985,403,100
23.3%
15,732,402,000
22.9%
15,761,347,200
22.5%
16,356,586,600
23.0%
16,119,589,400
22.0%
15,584,109,200
21.4%
15,046,258,900
21.4%
13,794,575,000
21.0%
12,769,261,000
21.4%
11,702,660,600
21.7%
Commercial
1,448,938,000
2.1%
1,400,086,900
2.0%
1,422,285,100
2.0%
1,429,021,400
2.0%
1,427,680,200
2.0%
1,446,066,700
2.0%
1,391,779,100
2.0%
1,303,094,400
2.0%
1,258,830,200
2.1%
1,166,731,400
2.2%
Manufacturing
595,947,100
0.9%
608,345,800
0.9%
627,588,900
0.9%
656,579,700
0.9%
658,563,400
0.9%
630,833,000
0.9%
616,366,400
0.9%
574,186,900
0.9%
482,411,200
0.8%
270,704,700
0.5%
Agriculture and
Ag Forest
284,204,800
0.4%
268,804,600
0.4%
248,517,200
0.4%
269,221,000
0.4%
266,615,900
0.4%
266,613,800
0.4%
245,295,000
0.3%
239,256,200
0.4%
194,526,900
0.3%
172,134,500
0.3%
Undeveloped
339,549,500
0.5%
355,649,500
0.5%
376,942,900
0.5%
394,712,000
0.6%
413,641,200
0.6%
442,146,100
0.6%
427,138,100
0.6%
410,743,800
0.6%
429,507,900
0.7%
685,331,400
1.3%
Forest
1,725,196,900
2.5%
1,701,923,900
2.5%
1,689,525,100
2.4%
1,709,273,200
2.4%
1,790,582,000
2.4%
1,797,773,200
2.5%
1,672,150,600
2.4%
1,633,800,400
2.5%
1,577,912,800
2.6%
1,472,898,500
2.7%
Other
1,738,021,200
2.5%
1,697,416,500
2.5%
1,704,475,500
2.4%
1,794,513,100
2.5%
1,840,161,500
2.5%
1,766,662,700
2.4%
1,619,675,000
2.3%
1,554,720,600
2.4%
1,451,194,200
2.4%
1,390,835,800
2.6%
Personal Property
68,672,352,700
68,774,107,100
70,112,094,900
70,984,868,900
73,117,038,500
72,806,441,000
70,173,530,200
65,746,170,400
59,704,254,400
53,928,795,800
Total
67,791,393,219
67,889,606,595
69,185,451,307
70,035,643,183
72,154,407,451
71,847,552,594
69,274,786,682
64,919,717,380
58,990,853,872
53,262,965,615
District Equalized
Valuation (2)
(2) 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 in the State of Wisconsin. The District Equalized Valuation is the equalized value of property, excluding tax incremental financing
districts, within the district. Amount shown is for the five counties listed only.
Notes: (1) The District is comprised of the majority of five (5) counties (Columbia, Dane, Jefferson, Marquette, and Sauk) and parts of seven (7) other counties (Adams, Dodge, Green, Iowa, Juneau, Richland,
and Rock). Real property values are presented for Columbia, Dane, Jefferson, Marquette, and Sauk counties. These five counties comprise over 96% of the District's total equalized valuation.
Therefore, the above total column will be greater than the actual total equalized value for the District.
Wisconsin Department of Revenue, Bureau of Local Financial Assistance
47,009,477,900
68.4%
2012
% of Total
Source:
48,281,413,000
68.9%
50,872,236,300
69.9%
2008
% of Total
2011
% of Total
49,154,867,100
70.0%
2007
% of Total
48,374,961,900
68.1%
46,235,793,100
70.3%
2006
% of Total
2010
% of Total
41,540,610,200
69.6%
2005
% of Total
50,600,204,900
69.2%
37,067,498,900
68.7%
2004
% of Total
2009
% of Total
Residential
Calendar
Year
DISTRIBUTION OF REAL PROPERTY VALUE ON AN EQUALIZED BASIS
COLUMBIA, DANE, JEFFERSON, MARQUETTE, AND SAUK COUNTIES (1)
Last Ten Calendar Years (Jan. 1 to Dec. 31)
MADISON AREA TECHNICAL COLLEGE DISTRICT
1.84099
1.81563
1.70944
1.47462
1.31303
1.21141
1.19897
1.21225
1.26664
1.31242
Total Direct
Tax Rate
70
Arlington
Caledonia
Columbus
Courtland
Dekorra
Fort Winnebago
Fountain Prairie
Hampden
Leeds
Lewiston
Lodi
Lowville
Marcellon
Newport
Otsego
Pacific
Randolph
Scott
Springvale
West Point
Wyocena
Arlington
Cambria
Doylestown
Fall River
Columbia County
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
V
V
V
V
Legend: T - Town, V - Village, C - City
Dell Prairie
Jackson
New Haven
Springville
Wisconsin Dells
Total Direct Rate
Adams County
T
T
T
T
C
District direct rates
Operational (1)
Debt Service
$
$
22.88
18.09
21.74
20.75
20.43
18.95
22.34
21.86
22.29
18.78
20.63
20.53
20.29
17.77
21.44
16.22
19.18
19.92
20.23
19.62
19.52
23.22
28.48
19.38
22.48
18.90
20.45
20.17
20.94
27.82
1.39401
0.44698
1.84099
2014
$
$
22.04
18.32
21.26
20.52
19.10
19.35
22.75
21.21
21.87
19.16
19.90
18.92
19.62
17.16
19.43
14.67
18.63
19.41
18.79
19.08
18.69
23.03
26.89
17.05
23.14
17.97
19.24
19.16
19.90
26.57
1.37085
0.44479
1.81564
2013
$
$
21.88
17.78
20.68
19.49
18.89
18.73
22.43
20.69
21.70
18.62
20.32
19.05
19.21
16.60
19.80
14.77
18.41
19.24
18.71
18.90
18.64
22.47
25.73
17.84
23.01
17.31
18.38
18.67
18.92
26.13
1.34174
0.36770
1.70944
2012
$
$
20.73
16.98
19.77
19.00
17.81
17.73
21.42
19.91
20.76
17.56
19.35
19.32
18.52
16.03
21.54
13.81
17.81
18.66
19.31
18.24
18.23
21.35
24.94
19.79
21.90
16.66
18.12
18.08
18.50
25.62
19.63
16.51
18.31
17.35
17.06
17.41
19.72
18.28
19.17
17.18
18.52
17.66
17.61
14.64
19.27
12.83
16.30
17.33
17.74
17.30
17.24
21.06
23.36
17.68
20.28
15.00
16.44
16.41
16.78
22.89
$ 1.18113
0.13190
$ 1.31303
18.38
15.58
17.76
16.29
16.08
16.66
17.89
17.69
18.61
16.58
16.70
16.90
15.67
14.24
18.81
12.63
15.23
15.86
16.33
15.62
15.45
20.07
22.29
17.26
19.23
14.68
15.58
16.01
15.92
21.91
$ 1.08671
0.12470
$ 1.21141
18.77
15.13
18.52
17.37
15.67
16.17
19.61
18.12
18.74
16.06
16.31
16.31
15.22
14.17
17.63
12.01
16.07
15.92
15.73
15.44
14.99
19.68
22.58
15.96
19.75
14.20
14.97
15.55
15.07
21.60
$ 1.07564
0.12333
$ 1.19897
Calendar Year Taxes are Payable
2010
2009
2008
1.32749
0.14713
1.47462
2011
DIRECT AND OVERLAPPING (2) PROPERTY TAX RATES
Last Ten Years
(Rate per $1,000 of Equalized Value)
MADISON AREA TECHNICAL COLLEGE DISTRICT
17.96
15.33
18.37
18.10
15.00
16.43
19.02
18.06
18.69
15.42
16.86
17.00
14.40
14.45
19.33
12.31
16.41
15.66
16.76
15.39
14.49
18.57
22.71
18.16
19.93
14.91
15.46
16.32
16.00
21.83
$ 1.08232
0.12993
$ 1.21225
2007
18.91
15.90
18.86
18.14
15.68
16.76
18.63
18.56
19.28
15.82
17.60
17.59
15.21
15.00
19.37
13.30
15.92
15.81
16.66
16.50
15.26
19.50
22.85
18.28
19.00
15.80
16.46
17.51
16.95
23.14
$ 1.12170
0.14494
$ 1.26664
2006
20.35
16.91
21.00
19.71
17.31
17.85
23.95
20.12
20.37
16.82
18.73
19.49
16.14
16.52
21.89
13.80
18.32
17.53
19.01
17.48
16.34
21.17
25.26
20.46
25.17
17.64
18.45
19.82
19.40
25.05
$ 1.16530
0.14712
$ 1.31242
2005
71
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
Albion
Berry
Black Earth
Blooming Grove
Blue Mounds
Bristol
Burke
Christiana
Cottage Grove
Cross Plains
Dane
Deerfield
Dunkirk
Dunn
Madison
Mazomanie
Medina
Middleton
Montrose
Oregon
Perry
Pleasant Springs
Primrose
Roxbury
Friesland
Pardeeville
Poynette
Randolph
Rio
Wyocena
Columbus
Lodi
Portage
Wisconsin Dells
Legend: T - Town, V - Village, C - City
Dane County
V
V
V
V
V
V
C
C
C
C
18.95
19.74
20.44
22.08
18.08
20.14
19.82
18.58
23.04
18.70
18.92
21.17
20.06
20.22
24.32
18.61
21.77
19.43
19.75
20.18
19.87
18.39
18.99
18.16
2014
23.71
24.26
28.07
27.51
25.68
24.33
27.15
26.28
25.58
25.10
19.35
18.95
19.63
21.70
17.57
19.46
19.46
18.96
22.21
18.26
18.31
21.39
19.68
20.22
24.11
17.99
19.02
19.01
19.09
19.85
18.73
18.21
18.73
17.63
2013
22.58
23.67
26.74
28.03
22.98
23.81
26.64
25.00
26.24
24.20
17.98
18.02
18.47
21.11
17.20
19.03
19.33
18.12
21.72
17.53
18.56
20.95
17.81
18.78
23.28
16.80
17.99
18.25
18.11
19.22
18.37
16.76
18.58
17.17
2012
21.52
23.70
25.48
26.48
23.84
23.35
25.86
25.60
24.70
23.85
17.40
18.09
18.63
20.41
16.36
18.22
18.59
17.60
21.04
16.93
17.90
19.22
16.81
18.01
22.72
16.98
17.33
18.18
17.19
18.54
17.55
15.92
17.67
17.05
16.03
16.83
17.40
19.04
15.25
16.85
16.86
16.02
19.60
15.70
16.91
17.81
15.29
16.57
21.23
15.97
16.51
16.86
16.34
17.21
16.29
14.67
16.36
15.74
14.41
16.06
17.07
18.23
14.63
15.92
16.27
15.15
19.57
14.86
15.14
17.98
13.73
15.79
20.48
15.53
16.62
15.70
15.80
16.42
15.76
13.83
15.73
14.16
14.96
15.93
16.68
18.16
14.57
15.48
16.21
14.77
18.48
15.04
14.86
16.58
13.82
15.75
20.80
15.24
16.37
15.44
16.10
16.93
15.96
13.46
15.94
14.24
Calendar Year Taxes are Payable
2011
2010
2009
2008
21.01
19.01
17.98
18.11
22.95
21.73
19.53
19.27
24.69
23.01
21.47
21.75
25.46
24.47
22.88
22.87
25.13
22.60
21.72
20.55
22.55
21.48
19.38
18.86
24.98
23.46
22.49
23.44
24.57
23.24
21.33
21.06
23.80
23.15
22.23
21.60
23.33
21.00
20.11
20.01
DIRECT AND OVERLAPPING (2) PROPERTY TAX RATES
Last Ten Years
(Rate per $1,000 of Equalized Value)
MADISON AREA TECHNICAL COLLEGE DISTRICT
14.77
15.87
16.17
18.37
13.73
15.17
16.34
14.83
18.51
15.29
14.85
16.94
13.67
15.43
20.46
14.75
15.92
14.87
16.38
16.07
15.42
13.41
15.33
13.95
2007
18.45
18.72
20.84
23.68
23.13
17.89
23.72
21.69
21.91
19.92
16.26
16.74
17.05
18.87
15.43
15.77
16.98
15.57
18.79
15.67
15.56
17.37
14.15
16.20
21.18
15.68
18.13
15.38
17.23
17.22
17.13
13.88
16.31
15.41
2006
18.30
19.47
22.04
25.06
23.46
18.75
24.98
22.85
22.45
20.82
17.63
18.04
18.43
20.13
16.19
16.06
17.64
16.72
20.29
16.97
16.57
19.70
15.43
17.53
22.79
17.26
19.03
16.90
18.55
18.76
18.10
15.04
17.52
16.21
2005
20.56
20.57
23.88
25.76
26.02
20.00
27.13
24.21
23.64
22.36
72
Rutland
Springdale
Springfield
Sun Prairie
Vermont
Verona
Vienna
Westport
Windsor
York
Belleville
Black Earth
Blue Mounds
Brooklyn
Cambridge
Cottage Grove
Cross Plains
Dane
Deerfield
Deforest
Maple Bluff
Marshall
Mazomanie
McFarland
Mount Horeb
Oregon
Rockdale
Shorewood Hills
Waunakee
Edgerton
Fitchburg
Madison
Middleton
Monona
Stoughton
Sun Prairie
Verona
Legend: T - Town, V - Village, C - City
T
T
T
T
T
T
T
T
T
T
V
V
V
V
V
V
V
V
V
V
V
V
V
V
V
V
V
V
V
C
C
C
C
C
C
C
C
2014
20.33
17.96
18.45
21.31
19.74
21.51
20.10
19.05
22.26
20.47
24.72
21.66
23.08
26.38
26.25
23.86
23.17
24.88
24.37
23.76
23.36
26.28
24.57
24.95
22.06
23.23
23.36
22.46
23.36
23.84
25.07
26.04
22.51
24.94
25.17
26.69
24.12
2013
19.88
17.56
18.09
20.44
19.00
21.83
19.67
18.77
21.75
19.12
23.91
22.87
21.96
25.12
26.27
22.71
22.83
23.04
24.06
23.50
22.89
23.19
22.94
24.84
21.43
22.74
23.69
21.86
23.20
23.93
24.66
25.40
21.77
23.86
24.52
26.18
24.30
2012
18.61
17.03
17.49
19.85
18.25
20.94
19.81
18.25
21.53
18.49
22.34
21.21
21.35
24.74
25.11
22.37
22.13
23.07
24.01
23.02
22.21
21.46
22.04
23.38
21.00
22.15
22.79
20.79
22.66
22.28
23.89
24.37
20.78
23.63
22.44
25.47
23.51
Calendar Year Taxes are Payable
2011
2010
2009
2008
17.85
15.99
15.07
15.13
16.26
15.09
14.61
14.46
17.51
16.23
14.92
14.92
19.03
17.82
17.05
16.54
17.95
16.73
16.37
16.18
20.47
19.29
18.82
18.23
19.34
18.00
16.87
16.47
17.93
16.74
15.18
15.02
20.73
18.38
17.92
17.64
17.53
16.60
16.00
16.37
20.95
20.45
19.68
20.41
21.70
20.47
19.80
19.26
20.59
18.92
18.46
18.11
23.47
21.83
20.97
21.17
24.65
22.55
21.73
19.78
21.92
20.72
21.58
20.23
22.02
20.30
19.04
19.02
22.30
20.75
18.56
18.35
22.16
20.78
20.80
18.93
22.12
20.29
20.04
20.08
22.10
20.39
19.55
19.78
20.66
19.94
19.70
19.12
21.65
20.47
19.80
19.29
22.88
21.38
20.77
20.80
20.12
18.93
18.55
18.59
21.25
19.92
19.06
19.00
22.32
20.51
19.66
19.35
20.17
18.74
17.78
18.21
22.11
20.96
19.36
19.06
21.56
19.80
17.94
18.65
23.01
21.08
20.30
19.95
23.53
21.73
20.64
20.72
20.35
19.02
17.57
17.60
22.49
21.24
21.12
19.67
21.17
19.85
18.56
18.43
24.52
22.86
21.91
21.44
23.01
21.68
21.34
20.20
DIRECT AND OVERLAPPING (2) PROPERTY TAX RATES
Last Ten Years
(Rate per $1,000 of Equalized Value)
MADISON AREA TECHNICAL COLLEGE DISTRICT
2007
14.72
14.30
14.88
16.27
15.63
19.51
16.64
14.62
18.13
16.16
20.06
19.17
16.58
20.83
19.96
20.94
18.82
18.88
19.44
20.50
19.84
17.99
18.71
20.61
17.82
18.74
19.44
18.20
18.73
18.43
20.61
20.63
17.60
19.72
18.26
21.32
21.56
2006
15.38
15.45
15.57
17.00
16.25
19.13
17.40
15.23
18.80
17.11
21.15
20.28
18.39
22.01
21.06
21.07
19.70
19.66
19.58
21.46
20.97
20.38
19.69
21.58
19.86
19.84
19.72
18.89
19.38
20.44
20.98
21.46
18.09
19.88
18.82
21.82
21.19
2005
16.80
16.08
16.99
17.40
16.78
20.50
18.73
16.56
19.98
18.70
22.71
21.97
19.33
23.44
22.29
22.47
20.93
20.97
21.45
22.53
22.39
21.23
21.93
22.50
20.55
21.37
20.98
20.49
20.48
22.00
22.50
23.02
19.84
21.58
20.27
21.80
22.68
73
T
T
T
T
T
T
V
Arena
Clyde
Dodgeville
Moscow
Ridgeway
Wyoming
Arena
Adams
Brooklyn
Exeter
New Glarus
Washington
York
Belleville
Brooklyn
New Glarus
Calamus
Clyman
Elba
Emmet
Fox Lake
Lebanon
Lowell
Portland
Shields
Westford
Randolph
Watertown
Legend: T - Town, V - Village, C - City
Iowa County
Green County
T
T
T
T
T
T
V
V
V
Dodge County
T
T
T
T
T
T
T
T
T
T
V
C
20.75
22.44
22.84
25.25
25.45
22.24
28.42
22.22
23.24
21.83
24.55
23.72
23.14
27.28
28.97
29.34
19.76
22.04
21.59
20.30
21.22
21.45
22.57
21.28
20.56
18.27
30.08
26.81
2014
20.10
21.73
21.97
24.49
24.94
20.73
27.01
22.26
22.59
21.16
23.97
23.08
22.70
26.51
27.77
28.60
20.04
21.43
20.85
20.38
20.95
21.30
22.12
20.41
20.73
18.56
30.96
26.63
2013
19.48
21.29
21.59
24.50
24.34
20.38
25.88
21.97
22.12
20.35
23.98
22.41
22.71
25.00
27.47
28.66
20.16
21.14
20.17
19.68
20.03
20.49
19.74
20.63
20.14
18.13
29.28
25.27
2012
19.21
21.61
21.53
24.87
24.18
20.17
26.98
21.60
21.35
19.19
23.02
22.19
22.37
23.60
26.14
27.19
18.19
19.51
20.51
23.88
24.00
19.14
25.77
20.54
20.22
18.43
21.63
21.19
21.45
23.17
24.56
25.47
18.75
19.99
19.01
17.55
18.09
18.62
21.46
19.29
18.01
17.05
26.62
22.17
16.64
17.83
18.78
22.09
22.34
17.48
24.72
20.06
18.85
17.70
20.39
19.29
19.95
22.11
23.42
24.01
17.66
18.87
17.24
16.73
17.25
17.83
19.78
17.69
17.23
16.07
24.77
21.02
16.60
17.85
19.18
21.36
22.69
17.40
23.73
19.25
18.52
17.63
20.38
17.51
19.11
21.48
23.33
23.90
17.93
19.79
17.96
16.84
17.54
18.03
20.56
18.16
16.71
16.34
25.53
20.71
Calendar Year Taxes are Payable
2010
2009
2008
20.21
21.12
19.48
19.00
20.02
19.84
22.22
19.43
19.48
18.28
28.16
24.30
2011
DIRECT AND OVERLAPPING (2) PROPERTY TAX RATES
Last Ten Years
(Rate per $1,000 of Equalized Value)
MADISON AREA TECHNICAL COLLEGE DISTRICT
16.84
18.31
19.45
20.90
22.97
17.54
23.55
19.27
18.07
16.97
20.02
17.32
18.52
20.96
22.80
23.10
18.32
19.85
17.86
16.77
17.62
18.01
20.35
17.95
16.75
16.77
26.60
20.55
2007
16.60
17.95
20.09
22.44
23.99
17.47
23.94
19.68
19.48
18.04
20.43
17.92
19.47
22.86
24.48
23.71
18.64
20.73
18.53
17.15
19.07
18.87
21.32
19.23
17.70
18.10
27.66
21.59
2006
18.05
19.21
20.04
23.63
24.26
18.57
25.57
21.57
20.84
19.46
22.33
18.74
20.85
23.41
25.25
26.44
21.20
21.78
20.48
19.09
21.05
20.88
22.64
21.72
19.81
19.27
28.38
23.78
2005
74
Aztalan
Cold Spring
Concord
Farmington
Hebron
Ixonia
Jefferson
Koshkonong
Lake Mills
Milford
Oakland
Palmyra
Sullivan
Sumner
Waterloo
Watertown
Cambridge
Johnson Creek
Sullivan
Fort Atkinson
Jefferson
Lake Mills
Waterloo
Watertown
Whitewater
Legend: T - Town, V - Village, C - City
Jefferson County
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
V
V
V
C
C
C
C
C
C
20.25
19.87
18.99
17.35
21.12
19.30
20.26
19.19
19.04
18.98
22.14
19.67
20.64
19.86
20.10
17.50
27.57
22.98
24.89
26.04
26.51
25.37
28.05
25.61
23.31
2014
20.14
19.27
19.24
17.29
20.76
19.58
20.02
18.82
18.96
18.48
22.39
19.09
20.40
19.87
19.37
17.52
27.66
22.72
24.18
25.25
25.72
24.92
26.07
25.34
22.64
2013
19.22
18.48
18.03
16.63
18.71
18.23
19.60
18.13
17.34
17.09
21.39
18.69
19.78
18.89
18.90
16.74
26.36
21.04
23.67
24.41
24.62
23.04
26.29
23.92
21.68
2012
16.78
16.70
16.07
14.66
16.34
16.67
15.82
16.14
15.90
15.50
19.32
16.70
17.22
16.89
17.38
14.70
23.07
19.41
19.05
21.93
20.65
21.28
24.27
20.84
19.78
15.88
15.64
15.09
14.23
15.48
15.38
14.75
15.25
15.48
15.05
18.28
15.60
16.10
15.64
16.19
13.91
22.69
18.95
17.99
20.81
19.64
20.96
22.28
19.73
18.72
15.08
15.46
14.84
13.95
15.51
15.01
14.43
15.48
13.52
13.51
18.05
15.29
15.65
16.16
15.66
13.83
21.06
18.85
17.41
21.01
18.94
18.65
22.16
19.35
18.49
Calendar Year Taxes are Payable
2010
2009
2008
18.39
18.26
17.45
15.85
17.97
17.79
17.68
17.60
17.20
16.75
20.94
17.81
18.68
18.37
18.01
16.18
25.99
20.33
22.22
23.93
22.98
22.73
24.49
23.00
21.50
2011
DIRECT AND OVERLAPPING (2) PROPERTY TAX RATES
Last Ten Years
(Rate per $1,000 of Equalized Value)
MADISON AREA TECHNICAL COLLEGE DISTRICT
15.60
15.14
14.78
13.98
15.55
14.89
14.70
15.26
14.11
13.98
18.10
15.67
15.93
15.92
15.60
13.69
21.52
19.02
17.93
20.88
19.71
19.36
21.72
19.11
18.23
2007
16.90
16.34
15.66
14.82
15.85
15.67
15.46
15.37
15.60
15.20
19.12
17.34
17.22
16.63
16.99
14.49
22.70
20.44
19.06
21.28
21.07
20.91
23.39
20.10
20.01
2006
18.53
17.49
17.59
16.77
17.37
16.63
16.81
17.02
17.60
17.19
20.46
18.34
18.49
18.35
19.28
16.26
24.26
24.07
20.63
23.18
22.51
23.03
26.37
22.11
20.91
2005
75
Buffalo
Crystal Lake
Douglas
Harris
Mecan
Montello
Moundville
Neshkoro
Newton
Oxford
Packwaukee
Shields
Springfield
Westfield
Endeavor
Neshkoro
Oxford
Westfield
Montello
Buena Vista
Ithaca
Westford
Lone Rock
Marquette County
T
T
T
T
T
T
T
T
T
T
T
T
T
T
V
V
V
V
C
Richland County
T
T
T
V
Legend: T - Town, V - Village, C - City
Lindina
Lyndon
Seven Mile Creek
Summit
Wonewoc
Union Center
Wonewoc
Wisconsin Dells
Juneau County
T
T
T
T
T
V
V
C
19.96
25.03
25.11
23.99
19.67
20.25
20.35
20.56
19.67
19.59
20.78
20.30
21.23
20.80
20.30
20.04
20.14
19.85
26.41
24.99
25.83
28.12
26.53
24.23
20.62
27.90
27.71
26.96
28.28
31.19
26.70
2014
19.77
25.31
25.31
23.01
18.65
19.22
19.65
19.47
18.71
18.57
20.89
19.24
19.97
19.33
19.06
18.98
19.09
18.77
26.16
24.01
24.25
26.79
25.85
22.89
19.71
26.39
26.22
24.59
25.47
28.82
25.60
2013
18.99
25.50
23.18
22.11
17.55
18.14
18.73
18.40
17.61
17.59
20.00
18.11
18.89
18.18
18.02
17.93
18.00
17.74
25.02
22.75
23.03
25.52
24.32
22.78
19.24
26.17
26.45
24.02
25.21
28.93
25.34
2012
19.34
25.19
24.46
21.76
17.17
18.40
18.22
18.74
17.20
17.21
19.11
18.23
19.22
18.46
17.72
17.52
18.32
18.06
24.14
22.98
23.52
25.39
23.16
19.47
24.38
23.15
21.12
17.45
16.55
16.73
16.90
17.36
17.40
18.23
16.63
17.37
16.66
17.72
17.79
16.50
16.28
22.90
21.01
21.87
23.82
23.24
21.00
17.01
24.07
23.38
21.34
22.06
24.42
22.14
18.27
22.90
22.53
19.37
16.49
15.56
16.34
15.86
16.49
16.44
17.67
15.75
16.51
15.67
16.81
16.79
15.56
15.28
22.02
20.16
20.42
22.30
21.61
19.49
16.00
22.52
22.70
21.18
21.18
23.73
20.89
18.10
22.43
20.38
19.14
15.91
15.98
16.45
16.25
15.91
15.87
17.49
16.01
16.79
15.92
16.33
16.19
15.91
15.61
22.19
20.60
20.27
22.94
20.67
18.65
15.85
22.05
22.12
21.28
21.13
23.59
21.03
Calendar Year Taxes are Payable
2010
2009
2008
22.13
18.60
25.33
24.92
23.86
24.11
26.80
24.70
2011
DIRECT AND OVERLAPPING (2) PROPERTY TAX RATES
Last Ten Years
(Rate per $1,000 of Equalized Value)
MADISON AREA TECHNICAL COLLEGE DISTRICT
19.22
23.87
21.06
20.11
15.43
15.63
16.54
16.01
15.49
15.30
17.86
15.70
16.15
15.62
15.98
15.79
15.56
15.33
22.70
20.56
20.11
22.15
19.81
18.09
16.32
22.39
22.28
22.20
21.71
23.62
21.07
2007
19.50
25.36
21.84
19.85
16.19
16.99
16.81
17.63
16.17
16.03
18.40
16.91
17.52
16.96
16.66
16.48
16.89
16.65
23.12
21.84
21.64
23.79
20.76
20.70
17.89
25.62
23.16
22.31
21.28
23.66
22.34
2006
21.34
28.22
24.03
21.86
17.04
17.42
17.91
18.06
17.12
16.96
19.23
17.48
17.92
17.42
17.54
17.23
17.35
17.08
23.83
22.17
22.29
24.15
21.66
22.35
19.61
26.96
25.18
24.04
22.79
25.37
(3)
2005
76
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
T
V
V
V
V
V
V
V
V
V
V
T
T
Baraboo
Bear Creek
Dellona
Delton
Excelsior
Fairfield
Franklin
Freedom
Greenfield
Honey Creek
Ironton
La Valle
Merrimac
Prairie Du Sac
Reedsburg
Spring Green
Sumpter
Troy
Washington
Westfield
Winfield
Woodland
Ironton
Lake Delton
La Valle
Loganville
Merrimac
North Freedom
Plain
Prairie Du Sac
Rock Springs
Sauk City
Porter
Union
Legend: T - Town, V - Village, C - City
Sauk County
Rock County
18.14
22.84
17.08
16.59
19.28
17.67
21.49
22.45
17.98
21.42
22.84
20.36
17.76
18.22
19.04
20.89
19.97
21.03
23.98
22.31
19.25
22.92
23.54
17.59
24.63
26.58
20.45
20.37
26.11
23.45
23.48
23.38
22.28
23.85
2014
17.77
22.61
16.07
16.25
18.70
17.37
20.98
21.93
17.68
21.01
22.51
19.37
17.32
17.85
18.34
19.47
18.88
20.53
24.26
21.69
18.53
20.79
22.86
17.11
23.95
25.41
20.12
19.98
25.84
22.92
22.91
22.89
22.02
22.83
2013
17.05
21.85
15.59
15.65
18.06
16.69
20.26
21.26
17.01
20.43
21.45
18.95
16.83
17.36
17.72
18.70
18.28
20.02
22.45
21.04
17.95
20.85
22.25
16.67
23.36
24.75
19.56
18.97
24.28
22.38
22.12
22.25
20.88
21.85
2012
17.10
21.52
15.17
15.61
17.38
16.76
19.82
20.34
17.12
20.12
21.71
18.07
16.71
17.21
17.01
18.46
17.52
19.92
23.02
20.09
17.16
19.97
22.13
16.27
22.34
23.74
19.72
19.00
23.09
22.01
21.31
22.05
16.68
20.76
14.04
14.97
16.55
16.29
18.99
19.50
16.64
18.95
20.27
17.29
15.82
16.27
16.26
17.45
16.56
18.54
21.88
19.22
16.42
18.47
20.75
14.89
20.95
22.50
19.17
18.23
22.42
20.63
20.05
20.93
18.98
19.83
15.30
19.42
13.50
13.93
15.47
14.95
17.43
17.89
15.34
17.08
19.58
16.30
14.33
14.73
14.93
16.03
14.71
16.99
21.28
17.98
15.25
17.95
19.42
14.52
19.32
21.37
18.20
16.73
20.67
18.83
18.26
19.21
17.87
19.16
15.12
19.03
13.12
13.72
15.33
14.82
16.86
17.66
15.17
17.03
18.55
15.61
14.22
14.60
14.68
15.12
15.07
16.16
19.07
17.85
15.00
17.47
19.67
14.17
19.23
21.31
17.76
16.31
20.21
18.08
18.23
19.07
17.90
18.30
Calendar Year Taxes are Payable
2010
2009
2008
20.31
21.22
2011
DIRECT AND OVERLAPPING (2) PROPERTY TAX RATES
Last Ten Years
(Rate per $1,000 of Equalized Value)
MADISON AREA TECHNICAL COLLEGE DISTRICT
14.91
19.59
13.37
13.57
15.46
14.50
17.20
17.47
14.99
16.97
20.07
15.90
14.03
14.39
14.91
15.60
14.89
16.32
19.03
18.06
15.25
17.80
19.74
14.33
19.42
21.54
18.20
15.89
20.44
17.86
18.57
18.97
17.95
18.57
2007
16.27
19.49
13.94
14.60
16.22
15.90
17.09
18.60
16.39
18.74
19.71
16.20
15.45
15.74
15.30
15.00
16.21
17.45
19.99
18.88
15.76
16.63
19.78
15.11
20.22
22.38
19.48
17.39
20.32
19.71
19.24
20.65
18.95
19.19
2006
17.25
21.36
15.34
15.65
17.37
16.94
18.33
19.52
17.33
19.47
21.57
17.57
16.25
16.45
16.55
16.54
16.55
18.27
21.99
19.86
16.97
18.01
21.79
17.08
21.80
24.78
20.88
18.40
23.81
20.72
21.06
21.14
20.57
21.15
2005
77
2012
23.38
23.45
23.79
24.56
23.50
Calendar Year Taxes are Payable
2011
2010
2009
2008
23.00
21.59
20.08
19.90
23.04
22.90
21.56
21.13
23.69
23.11
21.29
21.38
23.45
22.00
20.68
20.55
23.21
20.92
19.99
19.77
2007
20.33
20.52
20.94
21.07
19.73
Town, Village, and City Taxes, Wisconsin Department of Revenue, Division of State and Local Finance, Bureau of Local Government Services
Spring Green
West Baraboo
Baraboo
Reedsburg
Wisconsin Dells
2013
24.06
24.41
25.21
26.24
23.81
2006
20.46
21.52
22.50
21.96
20.67
2005
22.36
21.85
23.84
23.39
22.17
Legend: T - Town, V - Village, C - City
excluding tax incremental financing (TIF) districts. Total property tax includes state taxes and special charges on counties and tax districts, state trust fund loans, general county and county
special purpose taxes, local taxes, county special charges, special purpose district taxes, and school taxes (elementary, secondary, and technical college). It reflects the amount of surplus
funds applied (if any) by a tax district to reduce any of the above apportionments or charges. It does not include special assessments and charges to individuals, delinquent taxes, omitted
taxes, forest crop taxes, managed forest land taxes, or occupational taxes.
(3) The City of Wisconsin Dells expanded into Juneau County and was first taxed in 2006.
Notes:
(1) The operational property tax includes tax levies for all district funds except the debt service fund. By state statutes, through 2013, the operational rate may not exceed $1.50. Beginning in
2014,
th i shown
th di for
t i t'overlapping
ti governments
l
i
liareit the
d t Full
th Value
t fRates -thGross.
i th This
l rate
f ist the total property
t ti tax
i thdivided
di t i by
t the full value of all taxable general property in the municipality,
(2) Tax rates
Source:
V
V
C
C
C
2014
25.21
24.92
25.81
27.84
24.72
DIRECT AND OVERLAPPING (2) PROPERTY TAX RATES
Last Ten Years
(Rate per $1,000 of Equalized Value)
MADISON AREA TECHNICAL COLLEGE DISTRICT
MADISON AREA TECHNICAL COLLEGE DISTRICT
LEGAL DEBT MARGIN INFORMATION
Legal Debt Margin Calculation for Fiscal Year 2014
2013 Equalized Valuation - TID In
$
Total debt limit
5% (1)
Debt Limit
2% (2)
Debt Limit
70,405,217,759
x 5%
70,405,217,759
x 2%
3,520,260,888
1,408,104,355
Debt applicable to limit:
General obligation notes
General obligation bonds
Less: debt service funds available (GAAP Basis)
60,730,000
106,975,000
(1,041,837)
60,730,000
106,975,000
(1,041,837)
Total amount of debt applicable to debt limit
166,663,163
166,663,163
Legal total debt margin
$
3,353,597,725
Legal Debt Margin, Last Ten Fiscal Years
Fiscal Year
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Debt Limit
2,765,274,139
3,062,047,235
3,373,627,444
3,602,662,408
3,737,196,389
3,753,410,945
3,642,741,706
3,595,875,772
3,527,370,020
3,520,260,888
Total net debt
applicable to the
limit
25,177,317
22,847,029
21,544,259
20,046,638
27,204,410
37,632,587
102,424,455
157,129,718
170,521,512
166,663,163
Legal debt margin
2,740,096,822
3,039,200,206
3,352,083,185
3,582,615,770
3,709,991,979
3,715,778,358
3,540,317,251
3,438,746,054
3,356,848,508
3,353,597,725
Total net debt
applicable to the limit
as a percentage of
debt limit
0.91
0.75
0.64
0.56
0.73
1.00
2.81
4.37
4.83
4.73
Notes:
(1)
The Wisconsin State Statutes Chapter 67.03(1) provides that the aggregates amount of indebtedness of
a District shall not exceed 5% of the value of the taxable property located in the District.
(2)
The maximum bonded indebtedness of the District for purchasing and contructing buildings and
equipment may not exceed 2% of the value of the taxable property within the District. For fiscal years
2005 to 2010, the District had no bonded indebtedness.
Source: Madison College CAFR for the year ended June 30, 2014.
78
$
1,241,441,192
GLOSSARY
SECTION
Glossary / Acronyms & Definitions
ADA - Americans with Disabilities Act – The ADA prohibits discrimination against people with
disabilities.
Agency Funds - Account for assets held in trust by the district. The Agency Funds are used to
record resources and related financial activity where the district acts as an agent or custodian for
others rather than as an owner. These funds include all other fiduciary accounts, including
deposits from student activities and clubs.
Appropriations - An authorization granted by a legislative body (District Board) to make
expenditures and to incur obligations for specified purposes. The District controls expenditures
at the functional level within a fund.
Assessed Valuation - The valuation set upon real estate or other property by the state through
the Wisconsin Department of Revenue. This valuation is multiplied by the tax rates set annually
by the board to determine taxes due. Assessed value may be less than market value.
Assets - Property and resources owned or held which have monetary value.
Auxiliary Services - The expenditure function used to record costs for all activities of a
commercial enterprise or of a proprietary nature, such as the bookstore, child care, cafeteria and
vending machine operations.
Avocational - Non-academic courses for self-improvement; also known as Community Service
courses.
Balance Sheet - A statement which discloses the assets, liabilities, reserves and equities of a
fund or account group at a specific date to exhibit financial position.
Bond - A written promise to pay a specified sum of money, called the face value or principal
amount, at specified date(s) in the future, called the maturity date(s), together with periodic
interest at a specified rate.
Bond Rating - A level of risk assigned to general obligation promissory notes assessed by
Moody’s Investors Service or Standard and Poor’s. The higher the rating, the less risky the notes
are. The District has an Aaa bond rating, which represents the lowest risk category possible to
obtain.
Bonded Debt - The portion of indebtedness represented by outstanding bonds, which include
general obligation promissory notes, backed by approved, irrevocable future tax levies for debt
service.
Budget - A plan of financial operation embodying an estimate of proposed expenditures for a
given period and the proposed means of financing them.
79
Glossary / Acronyms & Definitions
CAC - Contract Alternative Committee – A team made up of six members with representation
from the full-time faculty, the administration and the Paraprofessional and School Related
Personnel (PSRP). The team is charged with developing an alternative process for the College to
use to determine wages, hours and working conditions after the collective bargaining agreement
expired.
CAFR - Comprehensive Annual Financial Report - The District’s annual financial report
containing financial, demographic and statistical information about the district.
Capital Leases - An extended commitment to rent real property or capital equipment over a
period of more than two years that vests certain ownership rights with the lessee.
Capital Outlay - An appropriation and expenditure category for government assets with a value
of $500 or more and a useful economic lifetime of more than one year.
Capital Projects Fund - Accounts for financial resources used for the acquisition or
construction of major capital assets and remodeling (other than those financed by enterprise or
internal service funds).
College Assembly - The 26-member assembly is a collegial, consultative body composed of
representatives from all campus constituencies that will review and advise on the creation,
revision, or discontinuation of policy. Its role is to recommend and provide advisory input to the
President on decisions related to policy and other issues that affect the institution as a whole. It is
the principal organizing body in the College’s shared governance structure.
Compensated Absences - The amount owed in the future to faculty and staff, received as a
benefit for current service.
CPI - Consumer Price Index - The CPI can be used to adjust for the effect of inflation.
Current Expense - Expenses that are not salaries, wages or fringe benefits. Current expense
includes: supplies, paper, travel, utilities and insurance.
Debt - An obligation resulting from borrowing money.
Debt Limit - The maximum amount of gross or net debt legally permitted.
Debt Proceeds - Amounts received from the issuance of general obligation promissory notes.
Debt Service - Expenditures for the retirement of debt, as well as the interest payment on that
debt.
Debt Service Fund - Accounts for the accumulation of resources for and the payment of general
long-term debt principal and interest.
80
Glossary / Acronyms & Definitions
Deficit - The excess of expenditures/uses over revenues/resources.
Depreciation - The expiration of the useful life of a fixed asset over a determined period of time
attributable to wear and tear, deterioration, action of the physical elements, inadequacy, and
obsolescence. Also, the portion of the cost of a fixed asset charged as an expense during a
particular period.
Designated for Subsequent Year - A portion of this year’s designated fund balance to provide
for the excess of expenditures and other financing uses over revenues and other financing
sources budgeted in the next year.
Designated for Subsequent Years - Fund balance set aside to fund operations subsequent to the
forthcoming budget year. An amount equal to 5% of the state aids in the district’s current
adopted budget must be designated for subsequent year before this classification may be used.
This classification may not exceed 15% of the state aids in the district’s current adopted budget
and may only be used in the General Fund.
Encumbrances - Obligations in the form of purchase orders, contracts, or salary commitments
which are chargeable to an appropriation and for which a part of the appropriation is reserved.
They cease to be encumbrances when paid, or when an actual liability is established.
Enterprise Funds - Account for ongoing activities which are similar to those often found in the
private sector and the services are provided primarily through user charges. Their measurement
focus is based upon determination of net income.
Equalized Valuation - The full value of the taxable property in a district, as determined by the
Wisconsin Department of Revenue. Full value less the value of tax incremental financial
districts (TIF) is used for allocation of tax levy to municipalities in a taxing district.
Equity - The excess of assets over liabilities generally referred to as “fund balance”.
Expenditure - A decrease in the net financial resources of the district generally due to the
purchase of goods and services, the payment of salaries and benefits, or the payment of debt
service.
Expenses - Outflows or other uses of assets or liabilities incurred from delivering or producing
goods, rendering services, or carrying out other activities that constitute an entity’s operation.
Fixed Assets - Assets of a long-term character which are intended to continue to be held or used.
Examples of fixed assets include items such as land, buildings, furniture, and other equipment.
Fringe Benefits - Compensation in addition to regular salary or wages provided to an employee.
This includes health and dental insurance, Social Security, Wisconsin Retirement, and salary
continuance (disability insurance).
81
Glossary / Acronyms & Definitions
Full-Time Equivalent (FTE) – A unit that measures the workload of an employee or course
load of a student that takes into account the part time status of some individuals.
Function - A group of related activities aimed at accomplishing a major service/activity for
which a governmental unit is responsible, such as instruction or student services.
Fund Balance - The excess of assets over liabilities. They may be:
Reserved:
A portion of fund balance that is not available for other expenditures and
is legally segregated for a specific future use.
Designated:
A portion of fund balance established to indicate tentative plans for
financial resource utilization in a future period. Such plans are subject to
change and may never be legally authorized, or may result in expenditures
such as designations for operations and for subsequently-budgeted
expenditures.
Fund - An independent fiscal and accounting entity with a self-balancing set of accounts,
including assets, liabilities, and fund balances, e.g., general fund, special revenue fund, which are
segregated for the purpose of carrying on specific activities or attaining certain objectives in
accordance with special regulations, restrictions, or limitations.
FY - Fiscal Year - A twelve-month period to which the annual operating budget applies and, at
the end of which, a governmental unit determines its financial position and the results of its
operation. Madison Area Technical College uses a July 1 to June 30 fiscal year.
GAAP - Generally Accepted Accounting Principles - The uniform standards used to report
financial information.
General Fund - The primary operating fund of the district, its accounts reflect all financial
activity not required to be accounted for in another fund.
General Obligation Debt (or General Obligation Promissory Notes) - Long-term debt for
facility upgrade and capital equipment backed by the full faith and credit of the district.
Governmental Fund Types - The general, special revenue, capital projects, and debt service
funds.
IBPS - Interest-Based Problem Solving – The collaborative approach used for decision-making
by the Contract Alternative Committee and Shared Governance with the goal being to resolve
issues by satisfying interests of all those affected.
Institutional Revenue - Revenue generated for contracts for instruction with business and
industry, interest income, and miscellaneous user charges.
Intergovernmental Revenue - Revenue received from state, federal, or other government
agencies.
82
Glossary / Acronyms & Definitions
Internal Service Fund - Account for the financing and related financial activities of providing
goods or services from one department to another department within Madison Area Technical
College on a cost-reimbursement basis.
Levy - The total amount of taxes or special assessments imposed by a governmental unit.
Liabilities - Debt or other legal obligations arising out of transactions for goods or services
received in the past, which are owed but not necessarily due.
Local Government Revenue - Revenue received from property taxes.
Madison College - Madison Area Technical College.
Mill Rate - Tax rate (taxation) in mills ($.001) per dollar of valuation.
MOU - Memorandum of Understanding – MOUs are used to define a relationship or agreement
between departments, agencies, or other units.
Obligations - Amounts that a governmental unit may be required to legally meet out of its
resources, including both liabilities and unliquidated encumbrances.
Operating Budget - Plans of current expenditures and the proposed means of financing them.
The annual operating budget is the primary means by which most of the financing, acquisition,
spending, and service delivery activities of a government are controlled. The use of annual
operating budgets is usually required by law.
Operating Funds - The general and special revenue funds combined.
Operating Transfers - A transfer of resources from one fund to another as required by law or
appropriation. The funds are considered revenues of the source fund, not the receiving fund.
Operational Expenditures - The salaries, fringe benefits, materials, supplies, services, and other
expenditures related to district operations.
Overlapping Debt - The proportionate share of the debts of local governments, located wholly
or in part within the limits of the reporting government, which must be borne by property within
each government.
Pro Forma Balance Sheet - A statement which projects the district’s balance sheet for a future
period.
Promissory Notes - See General Obligation Debt
83
Glossary / Acronyms & Definitions
Proprietary Fund Types - This group of funds comprises the businesslike operations of the
district and includes the enterprise and internal service funds. These are categorized as nongovernmental funds.
Reserve - An account used to earmark a specific portion of fund balance to indicate that it is not
available for other expenditures, but is designated for a specific purpose.
Reserved Fund Balance - See Fund Balance
Retained Earnings - An equity account reflecting the accumulated earnings of a proprietary
(enterprise and internal service) fund.
Revenue - All funds that the district receives, including tax payments, fees for specific services,
receipts from other governments, and interest income.
Self-Insurance - The funding of insurance needs through the district’s financial resources rather
than commercial insurance plans. The district self-insures for liability, property, and dental
insurance.
Shared Governance - The process by which the College invites the active participation of
faculty, staff, and students in planning and accountable decision making to advance the College’s
mission and vision to serve our students and communities.
Special Revenue Fund - Accounts for the proceeds of specific revenue sources (other than debt
service, major capital projects, or expendable trust) that are restricted to expenditures for
designated purposes because of legal or regulatory provisions. Special Revenue Funds consist of
federal and state grants and business and industry contracts.
Special Revenue Non-Aidable Fund – Funds used to account for assets held by Madison Area
Technical College in a trustee capacity or as an agent for individuals, private organizations, other
governmental units and/or other funds, e.g. Federal financial aid.
State Aid - Funds made available by the legislature for distribution to each district, based on a
prescribed formula of distribution, to offset some of the instructional expenses.
Statements - Presentation of financial data which shows the financial position and the results of
financial operations of a fund, a group of accounts, or an entire entity for a particular accounting
period.
Statute - A written law enacted by a duly organized and constituted legislative body.
STEPS - Student Transformation through Effective Practice and Systems. A multi-phase, multiproject Madison College initiative designed to bring transformational changes to student
administration systems and processes that serve students, staff and faculty.
84
Glossary / Acronyms & Definitions
Tax Rate - The amount of tax stated in terms of the unit of the tax base (mill rates).
Tax Incremental District (TID) - Actual area (parcels) designated for expansion where
improvements are being made using TIF financing.
Tax Incremental Finance (TIF) - An economic development program that helps promote local
tax base expansion by using property tax revenues to fund site improvements to attract new
development, rehabilitation/conservation, industrial, mixed-use, eliminate blight and
environmental remediation. Special statutes govern the creation of TIF districts.
Taxes - Compulsory charges levied by a governmental unit for the purpose of financing services
performed for the common benefit.
Tuition and Fees - Revenue generated from charges to students. The WTCS Board sets
statewide tuition and material fee rates.
Workday - An ERP system the college is installing to provide improved management of Finance
and Human Resources operations. An Enterprise Resource Planning system (ERP) is a software
application that integrates information and processes across common business management
functions such as Finance/Accounting and Human Resources providing enhanced reporting and
planning capabilities.
WTCS - Wisconsin Technical College System
85