2022-23 NWC Annual Budget

Description

Community College District's Budget FOR Fiscal Year Beginning July 1, 2022 and Ending June 30, 2023 NORTHWEST COLLEGE To be voted on by The Northwest College Board of Trustees June 29, 2022 Northwest College fosters an open and non-discriminatory environment throughout the College community. To this end, the College advocates the use of words and actions which promote and encourage individual and collective respect and dignity. Northwest College opposes language and actions which in any way demean others on the basis of their race, gender, national origin, sexual orientation, religious preference, physical characteristics, disability, ancestry, or age. Within the context of First Amendment rights, the College is committed to the elimination of discriminatory language and actions from the College community. TABLE OF CONTENTS Budget Message………………….…………………………………………… 3-6 Budget Adjustments ………………………………………………………. 7-8 Notice of Public Hearing………………………………………………………… 9 Expenditure Authority Resolution……………………………………………… 10 Resolution To Provide Income……………………………………………… 11 One Mill Resolution……………………………………………………………… 12 Budget Areas By Series…………………………………………………… 13-14 Visual Comparison of Budgeted Revenue and Expense …………………… 15-17 Total Current Funds Annual Budget Summary…………………………………………… 18 Budget Detail - Revenue………………………………………….. 19 Budget Detail - Expenditures………………………………………… 20-21 Current Funds - Sub-Budgets: Unrestricted Operating Fund Annual Budget Summary………………………………… 22 Budget Detail - Revenue…………………………………… 23 Budget Detail - Expenditures………………………………… 24-25 Unrestricted Auxiliary Fund Annual Budget Summary…………………………………… Budget Detail - Revenue………………………………….. Budget Detail - Expenditures………………………………… 26 27 28 Unrestricted One Mill Fund Annual Budget Summary………………………………….. 29 Budget Detail - Revenue………………………………….. 30 Budget Detail - Expenditures………………………………… 31-32 Restricted Current Funds Annual Budget Summary………………………………….. 33 Budget Detail - Revenue………………………………….. 34 Budget Detail - Expenditures………………………………… 35-36 Plant Fund Annual Budget Summary………………………………………...… Budget Detail - Revenue……………………………...…………… Budget Detail - Expenditures………………...……………………… 37 38 39 Endowment Funds Annual Budget Summary……...…………………………………… Budget Detail - Revenue……...…………………………………… Budget Detail - Expense…...……………………………………… 40 41 42-43 Debt Service - Revenue Bonds Refunding Note Summary……………………………………………. Statement of Borrowing Capacity……………………………….