CVTC Budget | 2022-2023 by CVTC

CVTC BUDGET 2022-2023

CHIPPEWA VALLEY TECHNICAL COLLEGE BOARD OF TRUSTEES Chippewa Valley Technical College has an appointed board consisting of nine members who serve three-year staggered terms. Each year three members are appointed by a committee consisting of the county board chairpersons of the counties belonging to the Chippewa Valley Technical College District. District boards are composed of two employers, two employees, three additional member, one school district administrator, and one elected official who holds a state or local office.

2021-22 Colleen Bates, Eau Claire Paul Bauer, Ellsworth Tim Benedict, Eau Claire Greg Doverspike, Durand Erin Garney, Eau Claire Ramona Mathews, River Falls Mike Noreen, Neillsville Paul Schley, Chippewa Falls Justin Zoromski, Eau Claire

2022-23 Tim Benedict, Eau Claire Greg Doverspike, Durand Erin Garney, Eau Claire Mike Lea, Eau Claire Ramona Mathews, Eau Claire Mike Noreen, River Falls Monica Obrycki, Eau Claire Paul Schley, Chippewa Falls Justin Zoromski, Eau Claire Administrators Sunem Beaton-Garcia, Ed.D, President Lynette Livingston, Ed.D, Interim Vice President-Academic Affairs Shelly Olson, Ed.D, Interim Vice President-Student Services Thomas J. Lange, Vice President-Information Technology Kirk L. Moist, Vice President-Finance and Facilities

______________________________________________________________________________

2022-2023 BUDGET Chippewa Valley Technical College District Board

Adopted May 26, 2022

Officials Issuing Report: Kirk L. Moist Vice President-Finance & Facilities Report Prepared by: Sara J. Nick Director of Finance & Budgeting

________________________________________________________________________________ 620 W. Clairemont Avenue, Eau Claire, WI 54701-6162

TABLE OF CONTENTS SECTION I – BUDGET & PLANNING

Letter to Citizens of Western Wisconsin ............................................... 6 CVTC Strategic Plan 2022-2024 ........................................................... 8 Higher Learning Commission Accreditation ........................................ 13 Budget Process ................................................................................... 14 Budget Planning Assumptions ............................................................ 15 Position Summary – FTE Basis ........................................................... 16

SECTION II – FINANCIAL DATA

Classification Descriptions ................................................................. 18 Notice of Public Hearing ..................................................................... 21 Budget Summary................................................................................ 22 Budgetary Statement of Resources, Uses and Changes in Fund Balance General Fund ................................................................................. 23 Special Revenue Fund-Operational ............................................... 24 Special Revenue Fund-Nonaidable ................................................ 25 Capital Projects Fund ..................................................................... 26 Debt Service Fund.......................................................................... 27 Enterprise Fund .............................................................................. 28 Internal Service Fund ..................................................................... 29

TABLE OF CONTENTS

Budgeted Expenditures by Object Level ........................................... 30 Combined Budget Summary .............................................................. 31 Proforma Balance Sheet .................................................................... 32 Capital Project Listing......................................................................... 33 Schedule of Long-Term Obligations and Combined Totals ................ 34 Debt Limit ............................................................................................ 40

SECTION III – SUPPLEMENTAL DATA

Tax Levy, Equalized Valuation and Mill Rates .................................... 42 Budget Summary Resources .............................................................. 43 Budget Summary 2022-23: Expenditures by Fund ............................. 44 Budget Summary 2022-23: Expenditures by Function ....................... 45 Total 2021-22 Actual Costs per FTE by District .................................. 46 Full-Time Enrollment Statistics: FTE’s................................................ 47 Full-Time Enrollment Statistics: Headcount ........................................ 48 Credit Program Offerings .................................................................... 49 Campus Locations............................................................................... 50 District Map ......................................................................................... 52 Tax Levy Distribution by Municipality.................................................. 53

June 1, 2022 Greetings Citizens of Chippewa Valley Technical College: As the new president of Chippewa Valley Technical College (CVTC), I am pleased to provide you with the CVTC financial plan for the 2022-23 fiscal year. My first year at CVTC has been a remarkable journey of introduction, exploration, and development. While we have made some changes and accomplished many things, our promise to provide innovative, applied, and flexible education remains at the forefront of budgeting and decision making for the college. As we establish financial projections for the coming year, we consider many variables to remain financially sound. Recent times of uncertainty and unexpected circumstances have demanded rapid response to serve our constituents, and we remain committed to meeting our students where they are to provide a pathway to success now and into the future. It is this level of service and continued outreach that guides our projections for increased enrollments this fall and for the 2023 fiscal year. The College has come through the pandemic with stable results as enrollments dipped slightly in 2021 and have rebounded in 2022. CVTC is doing well on the state’s outcome-based funding formulas, especially high school academies and other college credit programs for high school students, workforce training programs and credit for prior learning. It continues to be a time of expansion and innovation for CVTC in the coming year as two major referendum construction projects are completed on the West Campus in Eau Claire. The Emergency Services Education Center and the Transportation Education Center will open for the fall 2022 semester. These facilities will provide state-of-the art learning spaces for program students, professionals in industry, and the community. With the help of Higher Education Emergency Relief Funds (HEERF) and stable resources from tax levy and state aid we are well-positioned for the future with our new spaces. We are currently working on a long-term strategic plan built together with leadership, employees, students, stakeholders, and community members. This comprehensive plan will guide us in our budgeting priorities going forward. The proceeding budget document provides an overview of the budgeting process, planning, and assumptions in addition to supporting financial data and supplemental data. CVTC is poised to provide continued impact to our communities. We look forward to serving you in the coming years. Respectfully,

Dr. Sunem Beaton-Garcia President

Mona Mathews District Board Chair

BUDGET & PLANNING

CVTC 2022-2027 Strategic Plan Priorities & Goals Below is an overview of the recommendations for the Chippewa Valley Technical College 2022-2027 Strategic Plan priorities and goals. These priorities and goals were developed through the feedback and recommendations provided by the CVTC community and workforce partners, students, and employees.

PR I O R I TY 1

PR I O R I TY 3

Culture of Innovation through Teaching & Learning

Culture of College-Wide Collaboration & Engagement

Goal 1.1: Expand access to services and course offerings throughout the district to create a more unified and equitable student experience.

Goal 3.1: Cultivate and maintain a culture of college-wide communication and collaboration to create accountability and transparency.

Goal 1.2: Align curriculum to provide stackable credentialing and opportunities for work-based learning.

Goal 3.2: Enhance recognition and celebration of achievements across the district.

Goal 1.3: Optimize the integration of educational pathways, including K-12, university transfer, and continuing education.

Goal 3.3: Build a reputation as an employer of choice within the district and the state. Goal 3.4: Expand professional development for employees across the district.

Goal 1.4: Conduct high-quality and rigorous programs that are current and relevant to workforce needs.

PR I O R I TY 2

PR I O R I TY 4

Culture of Student Success

Culture of Community Engagement

Goal 2.1: Define and disaggregate data to increase equity and access across the district and utilize data-informed decision making related to student success.

Goal 4.1: Demonstrate engagement and commitment through community involvement

Goal 2.2: Improve student retention and completion.

and service. Goal 4.2: Identify and enhance existing and potential stakeholder partnerships.

Goal 2.3: Enhance offerings and services for non-traditional and part-time students.

PRIORITY 1

Culture of Innovation through Teaching & Learning

GOAL 1.1

GOAL 1.2

Expand access to services and course offerings throughout the district to create a more unified and equitable student experience.

Align curriculum to provide stackable credentialing and opportunities for work-based learning.

Within this goal, CVTC will use data related to student success and retention to ensure students across the district have access to the services and courses they need to be successful and complete.

This goal will ensure CVTC students are given opportunities to build on existing credentials and gain applied experience within the academic and workforce program offerings.

GOAL 1.3

GOAL 1.4

Optimize the integration of educational pathways, including K-12, university transfer, and continuing education.

Conduct high-quality and rigorous programs that are current and relevant to workforce needs.

CVTC will continuously analyze the path from K-12 schools to the college and beyond to ensure pathways are aligned, and processes and offerings are modified to be effective and scalable.

CVTC is committed to continuous evaluation of academic and workforce programs and to modifying offerings to meet the needs and expectations of the business community.

PRIORITY 2

Culture of Student Success

GOAL 2.1

GOAL 2.2

Define and disaggregate data to increase equity and access across the district and utilize data-informed decision making related to student success.

Improve student retention and completion.

CVTC will enhance how it tracks student data, utilizes data points to identify areas of impact for student success, and makes decisions on modifications to the student experience across the district.

GOAL 2.3 Enhance offerings and services for non-traditional and part-time students. CVTC will ensure non-traditional and part-time students have equitable access to student support services and course offerings across the district to improve their success.

CVTC will use baseline student retention and completion data to execute strategies for increasing retention and completion rates across demographics and programs.

PRIORITY 3

Culture of College-wide Collaboration & Engagement

GOAL 3.1

GOAL 3.2

Cultivate and maintain a culture of college-wide communication and collaboration to create accountability and transparency.

Enhance recognition and celebration of achievements across the district.

CVTC will build intentional strategies to ensure clear and regular communication across leadership levels, campuses, and functional areas. Within these strategies, CVTC will create meaningful, two-way communication in a supportive and engaged culture.

CVTC is committed to increasing the recognition of employee and College achievements.

GOAL 3.3

GOAL 3.4

Build a reputation as an employer of choice within the district and the state.

Expand professional development for employees across the district.

CVTC will implement strategies to position the College as an employer of choice for current and future employees.

CVTC will commit resources to support employee and organizational growth and development.

PRIORITY 4

Culture of Community Engagement

GOAL 4.1

GOAL 4.2

Demonstrate engagement and commitment through community involvement and service.

Identify and enhance existing and potential stakeholder partnerships.

CVTC will communicate and leverage current partnerships and community involvement, internally and externally, to build and strengthen relationships.

CVTC will strategically pursue and nurture partnerships to execute the mission and vision of the College.

Higher Learning Commission Accreditation HLC is an institutional accreditor recognized by the U.S. Department of Education and the Council for Higher Education Accreditation to accredit degree-granting colleges and universities. Institutional accreditation validates the quality of an institution's academic programs at all degree levels, whether delivered on-site, online or otherwise. Institutional accreditation also examines the quality of the institution beyond its academic offerings and evaluates the institution as a whole, including the soundness of its governance and administration, adherence to mission, the sustainability of its finances, and the sufficiency of its resources. HLC maintains an active relationship with its member institutions, with frequent communication and regular reviews to ensure quality higher education. Maintaining institutional accreditation is necessary for Chippewa Valley students to be eligible for federal financial aid. In October 2015, Chippewa Valley Technical College underwent a Comprehensive Quality Review, in which a team of peer reviewers visited the college to validate information the college provided in comprehensive accreditation reports by reviewing supporting documents and talking to students, staff, and community members. Based on the visiting team’s recommendation, Chippewa Valley’s accreditation has been reaffirmed through 2025-26. The college received many commendations from the team as well as suggestions for improvement. Following the Comprehensive Quality Review, Chippewa Valley began the process of addressing Higher Learning Commission feedback as part of its continuous quality improvement efforts. In May 2016, Chippewa Valley was accepted into the Higher Learning Commission’s Persistence and Completion Academy. The Academy was a four-year initiative to build institutional capacity for the improvement of student persistence and completion. The Academy offered a guided program to advise institutions on defining, tracking and analyzing data on student success; establishing clear goals and strategies for student population groups; and implementing those goals. A team of Chippewa Valley staff and faculty participated in the Academy to learn new techniques for researching and comparing emerging methods of evaluation and improvement, as well as how to collect and analyze data to identify patterns that lead to data-informed decisions. In July 2020, the college submitted its regular four-year Assurance Review. The Assurance Review is a comprehensive review wherein the institution provides evidence that it continues to meet the Criteria for Accreditation. A team of peer reviewers evaluated Chippewa Valley’s Assurance Filing (comprised of an Assurance Argument and Evidence File) and made a recommendation to the HLC for continued accreditation. The Assurance Review process does not include a site visit. CVTC successfully completed its Assurance Review with no recommended monitoring by HLC until the next Reaffirmation of Accreditation in 2025-26.

BUDGET PROCESS Fiscal Year 2022-23 The Chippewa Valley Technical College budget is adopted for the year beginning July 1st ending June 30th. The budget allocates financial resources for ongoing programs, courses, and services, as well as for strategic initiatives. Budgeting is done in accordance with Chapter 65 of Wisconsin Statutes, Wisconsin Technical College System administrative rules and submitted to the System Office by July 1. Expenditures must be accommodated within the authorized tax levy and other funding resources. The College’s budget is created to support the 11-county geographic district in west central Wisconsin. This district includes 204 municipalities, 34 public schools and a current population of 318,018. To service the district’s 5,500 square miles, the College operates campuses in four cities and provides offerings at approximately 33 locations. The budgeting process is an integral step in implementing the College’s strategic initiatives. Each department develops a budget based on the instructional and operational goals for the year. Budgets are reviewed and consolidated for further review by the Finance Director, Vice Presidents, and President for alignment with the strategic initiatives and overall goals of the College. During the months of January through April, the President’s Cabinet and College Board of Trustees review and assess various elements of the budget including historical trends, current projections, and major budget assumptions. At its April meeting, the Board authorizes the publishing of a legal notice to hold a public hearing prior to adoption of the consolidated budget. The Board of Trustees completed their review of the budget in April of 2022 and the public hearing on the proposed budget was held on May 26, 2022. Final adoption of the budget occurred at the regular District Board Meeting on May 26, 2022. The tax rates shown in this document are actual rates from October 1, 2021. On or near October 1, 2022, the Wisconsin Department of Revenue will provide new actual valuations at which time the Board will set its final mill rate.

Budget Planning Assumptions Financial projections are developed initially during the budget planning process and continue to be updated through budget development. Full-Time Equivalent Students (FTE): FTEs for 2022-23 are expected to be 4,499, which is an increase of 3% compared to the projected prior fiscal year estimate. Property Values: Property values are expected to increase 6% from the level in 2021-22 due to a continually growing equalized valuation base. Tax Levy: Due to the property values increase, total levy funding support is projected to remain flat. General State Aids: Revenues from general state aids increased with the new biennium state budget. The college’s share of outcomes-based state aid funding is expected to increase to 6.4% due to increased level of performance results compared to other technical colleges in the system. State Grants: Wisconsin Technical College System State incentive grant revenues are expected to remain at similar levels to prior year. Student Fees: Tuition rates will increase 1.75% over 2022-23. Institutional Revenue: Institutional generated revenue such as customized training and seminars is expected to return with blended learning options of virtual and in-person choices for employers and high schools. Federal Grants: Federal revenue is expected to increase with a recently awarded $10 million three- and half-year federal Workforce Innovation grant. It is the first ever public-private grant with the college serving as the lead coordinator for the other six participants comprised of high schools, a peer technical college and businesses. Pandemic funding support from the American Rescue Plan Act and Higher Education Emergency Relief Fund grant programs are concluding in this budget year. Wages: The college is undergoing a compensation study for all faculty and staff positions. The results from the study are expected to be completed in June. The 2022-23 budget includes a predictive allocation for the wage study adjustments. Health Insurance: Health insurance premiums are contracted through calendar year 2023. The budget reflects a 5.9% HMO plan premium increase & 9.9% Point of Service plan premium increase for JanuaryJune of 2023. Fund Balance: Based on the 2022-23 budget projections, the General Fund balance will exceed the guidelines established by the College Board.

CHIPPEWA VALLEY TECHNICAL COLLEGE Employee Position Summary - FTE Basis*

Category

Actual 2020-21

Y-T-D 2021-22

Budget 2022-23

General Fund

Special Revenue Fund

Proprietary Fund

Administrators/ Supervisors Teachers Specialists Other Staff

56.00 231.00 0.00 204.00

54.00 228.00 0.00 214.00

50.50 198.00 0.00 182.00

3.00 30.00

0.50

22.00

10.00

Total

491.00

496.00

430.50

55.00

10.50

Fiduciary Total Budget Fund 2022-23 54.00 228.00 0.00 214.00 0.00

496.00

* This schedule does not include the part time instructors, temporary staff, students or limited term employees.

FINANCIAL DATA

The following sources are used to classify the district’s revenue: Local Government: Revenue of the district that is derived from taxes levied on the equalized property value within a district. State Aids: Funds made available by the legislature for distribution to the district based on a statutory formula of distribution and on competitive categorical appropriations. Program Fees: Fees paid by students and set by the Wisconsin Technical College System Board for tuition. Material Fees: Fees paid by the students and set by the Wisconsin Technical College System Board to cover the cost of instructional materials used by the student or instructor in the classroom. Other Student Fees: Fees paid by students to cover the cost of graduation, transcripts, applications, student activities, registration, testing and student projects. Institutional Revenue: Revenue of the district that is derived from, contracted services, interest income, sales and rental income. Federal Revenue: Revenue provided by the federal government often of a costreimbursement nature. Expenditures made with this revenue are identifiable as federally supported expenditures.

The following functions are used to classify the district’s expenditures: Instruction: This function includes teaching, academic administration (including clerical support), and other activities related directly to the teaching of students, guiding students in the educational program, and the coordination and improvement of teaching. Instructional Resources: This function includes all learning resource activities such as the library, audiovisual, learning resources center, instructional media center, instructional resources administration and clerical support. Student Services: This function includes those non-instructional services provided for the student body such as student recruitment, student services administration and clerical support, admissions, registration, counseling (including testing and evaluation), financial aids, placement and follow-up. General Institutional: This function includes all services benefiting the entire district, exclusive of those chargeable directly to other functional categories. The district board, president’s office, business office, data processing, human resources, public communications and general supporting administrative offices are included in this function. Physical Plant: This function includes all services required for the operation and maintenance of the district’s physical facilities. Principal and interest on long-term obligations are included under this function as are the general utilities—heat, light and power. Auxiliary Services: This function includes commercial type activities. Examples include bookstore, duplicating, auto parts, dental clinic and parking.

The following reserves and designations are used to classify the district’s fund equity: Retained Earnings: Represents that portion of the fund equity which has been accumulated from the operation of the Enterprise or Internal Service Funds. Reserve for Student Organizations: Fund balance held in trust for student organizations. Reserve for Student Financial Assistance: Fund balance held in trust for student financial assistance. Reserve for Capital Projects: Segregation of a portion of the fund balance which is exclusively and specifically for the acquisition and improvement of sites and for the acquisition, construction, equipping and renovation of buildings. Reserve for Debt Service: Segregation of the fund equity for Debt Service Fund resources legally restricted to the payment of general long-term debt principal and interest. Designated for Operations: Portion of the unreserved fund balance which is designated to be used to provide for normal fluctuations in operating cash balances. Designated for Subsequent Years: Portion of the unreserved fund balance which is designated to fund operations subsequent to the forthcoming budget year.

CHIPPEWA VALLEY TECHNICAL COLLEGE Notice of Public Hearing - PAGE 1 July 1, 2022 - June 30, 2023 A public hearing on the proposed fiscal year 2022-23 budget for the Chippewa Valley Technical College will be held on May 26, 2022 at 5:30 p.m. in the RCU Community Center (100A), 620 West Clairemont Avenue, Eau Claire, WI. The detailed budget is available for public inspection at the Administrative Office (100), 620 West Clairemont Avenue, Eau Claire, WI, Monday through Friday between the hours of 8 a.m. and 4 p.m. PROPERTY TAX AND EXPENDITURE HISTORY Fiscal Year 2018-19 2019-20 2020-21 2021-22 2022-23 (1)

Equalized Valuation 24,723,807,042 26,271,727,578 27,920,828,552 29,898,045,939 31,691,928,695

Fiscal Year(2) 2018-19 2019-20 2020-21 2021-22 2022-23

Total Expenditures 106,245,167 87,792,325 133,960,216 106,025,177 113,970,259

Mill Rates Operations(2) Debt Service 0.57142 0.27504 0.56086 0.25883 0.54707 0.35816 0.48641 0.32444 0.45745 0.29976 Percent Inc/(Dec) 14.63 (17.37) 52.59 (20.85) 7.49

Property Tax Levy $20,927,687 $21,534,666 $25,274,769 $24,242,787 $23,997,604

Total Mill Rate 0.84646 0.81969 0.90523 0.81085 0.75721 Percent Inc/(Dec) 2.72 2.90 17.37 (4.08) (1.01)

Percent Inc/(Dec) (1.94) (3.16) 10.44 (10.43) (6.62) Tax on a $100,000 House $84.65 $81.97 $90.52 $81.09 $75.72

BUDGET/FUND BALANCE SUMMARY-ALL FUNDS

General Fund Tax Levy Other Budgeted Revenues Subtotal Budgeted expenditures Excess of Revenues over Expenditures Residual Equity Transfers Operating Transfers Proceeds from Debt Est Fund Balance 7/01/22 Est Fund Balance 6/30/23

$13,347,604 $45,529,212 $58,876,816 $60,850,010 ($1,973,194) $0 ($150,000) $0 $21,306,343 $19,183,149

Special Revenue Fund Operational $1,100,000 $14,161,487 $15,261,487 $14,790,249 $471,238 $0 $0 $0 ($464,078) $7,160

Special Revenue Fund Nonaidable $50,000 $8,720,000 $8,770,000 $8,720,000 $50,000 $0 $0 $0 $90,060 $140,060

Capital Projects Fund

Debt Service Fund

Proprietary Fund

Total

$0 $2,143,554 $2,143,554 $16,400,000

$9,500,000 $351,000 $9,851,000 $9,910,000

$0 $3,585,000 $3,585,000 $3,300,000

$23,997,604 $74,490,253 $98,487,857 $113,970,259

($14,256,446) $0 $0 $13,200,000 $10,774,683 $9,718,237

($59,000) $0 $0 $0 $3,399,923 $3,340,923

$285,000 $0 $150,000 $0 $1,365,915 $1,800,915

($15,482,402) $0 $0 $13,200,000 $36,472,846 $34,190,444

(1) Equalized Valuation is projected to increase 6% in fiscal year 2023. (2) Fiscal years 2019 - 2021 represent actual amounts; 2022 is projected; and 2023 is the proposed budget.

CHIPPEWA VALLEY TECHNICAL COLLEGE Notice of Public Hearing Budget Summary-General Fund Fiscal Year 2022-2023 2020-21 Actual(3)

2021-22 Budget

REVENUES Local Government State Aids Program Fees Material Fees Other Student Fees Institutional Federal Total Revenues

14,217,328 24,753,883 13,692,355 714,801 923,866 1,441,054 22,700 55,765,987

14,660,477 25,647,171 13,971,710 800,000 1,200,000 1,400,000 25,000 57,704,358

13,423,618 27,336,770 13,662,781 800,000 820,937 1,409,108 25,000 57,478,214

13,347,604 28,129,212 14,275,000 825,000 875,000 1,400,000 25,000 58,876,816

EXPENDITURES Instruction Instructional Resources Student Services General Institutional Physical Plant Total Expenditures Net Revenue (Expenditures)

33,134,493 645,513 3,829,636 11,110,498 4,041,566 52,761,706 3,004,281

35,935,034 801,011 4,342,956 12,719,531 4,779,010 58,577,542 (873,184)

33,935,016 696,148 4,025,360 12,433,649 4,261,142 55,351,315 2,126,899

36,870,010 825,000 4,300,000 13,375,000 5,480,000 60,850,010 (1,973,194)

0 0 3,004,281

0 1,930,000 1,056,816

0 1,741,447 3,868,346

0 (150,000) (2,123,194)

3,004,281

1,056,816

3,868,346

(2,123,194)

3,004,281 14,433,716 17,437,997

1,056,816 17,437,997 18,494,813

3,868,346 17,437,997 21,306,343

(2,123,194) 21,306,343 19,183,149

OTHER SOURCES (USES) Residual Equity Transfer In (Out) Operating Transfer In (Out) Total Resources (Uses) TRANSFERS TO (FROM) FUND BALANCE Reserve for Operations Designated for Subsequent Years Total Transfers To (From) Fund Balance Beginning Fund Balance Ending Fund Balance

2021-22 Estimated(4)

2022-23 Budget

% Change (5)

EXPENDITURES BY FUND General Fund Special Revenue Fund-Operational Special Revenue Fund-Nonaidable Capital Projects Fund Debt Service Fund Enterprise Fund Internal Service Fund Total Expenditures by Fund

52,761,706 8,843,848 8,539,748 52,957,272 7,484,279 2,647,313 726,050 133,960,216

58,577,542 11,967,122 13,750,000 39,924,558 12,540,136 2,538,354 795,000 140,092,712

55,351,315 10,937,122 13,745,000 10,894,000 12,012,740 2,335,000 750,000 106,025,177

60,850,010 14,790,249 8,720,000 16,400,000 9,910,000 2,650,000 650,000 113,970,259

3.88% 23.59% -36.58% -58.92% -20.97% 4.40% -18.24% -18.65%

REVENUES BY FUND General Fund Special Revenue Fund-Operational Special Revenue Fund-Nonaidable Capital Projects Fund Debt Service Fund Enterprise Fund Internal Service Fund Total Revenues by Fund

55,765,987 8,842,822 8,382,856 2,418,944 11,103,687 2,959,363 638,843 90,112,502

57,704,358 12,638,549 13,820,000 1,116,250 10,050,800 2,575,998 795,000 98,700,955

57,478,214 12,638,549 13,820,000 3,292,500 10,062,918 2,335,000 750,000 100,377,181

58,876,816 15,261,487 8,770,000 2,143,554 9,851,000 2,860,000 725,000 98,487,857

2.03% 20.75% -36.54% 92.03% -1.99% 11.02% -8.81% -0.22%

in Budget

(3) Actual is presented on a budgetary basis. (4) Estimate is based upon 9 months of actual and 3 months of estimate. (5) (2022-23 budget - 2021-22 budget) / 2021-22 budget. 22

GENERAL FUND 2022-23 BUDGETARY STATEMENT OF RESOURCES, USES AND CHANGES IN FUND BALANCE 2020-21 Actual*

2021-22 Budget

2021-22 Estimate**

2022-23 Budget

REVENUES Local - Property Tax State - Property Tax Relief Aid State Aids Program Fees Material Fees Other Student Fees Institutional Federal Total Revenues

14,217,328 18,322,299 6,431,584 13,692,355 714,801 923,866 1,441,054 22,700 55,765,987

14,660,477 18,322,299 7,324,872 13,971,710 800,000 1,200,000 1,400,000 25,000 57,704,358

13,423,618 19,631,035 7,705,735 13,662,781 800,000 820,937 1,409,108 25,000 57,478,214

13,347,604 20,262,838 7,866,374 14,275,000 825,000 875,000 1,400,000 25,000 58,876,816

EXPENDITURES Instruction Instructional Resources Student Services General Institutional Physical Plant

33,134,493 645,513 3,829,636 11,110,498 4,041,566

35,935,034 801,011 4,342,956 12,719,531 4,779,010

33,935,016 696,148 4,025,360 12,433,649 4,261,142

36,870,010 825,000 4,300,000 13,375,000 5,480,000

Total Expenditures

52,761,706

58,577,542

55,351,315

60,850,010

2,126,899

(1,973,194)

3,004,281

1,930,000 1,056,816

1,741,447 3,868,346

(150,000) (2,123,194)

TRANSFERS TO (FROM) FUND BALANCE Transfer to (from) Fund Balance Designated for Subsequent Years 3,004,281 Total Transfers To (From) Fund Balance 3,004,281

1,056,816 1,056,816

3,868,346 3,868,346

(2,123,194) (2,123,194)

17,437,997 18,494,813

17,437,997 21,306,343

21,306,343 19,183,149

Net Revenue (Expenditures) OTHER SOURCES (USES) Operating Transfer In (Out) Total Resources (Uses)

Beginning Fund Balance Ending Fund Balance

3,004,281

14,433,716 17,437,997

(873,184)

*Actual is presented on a budgetary basis. **Estimate is based upon ten months of actual and two months of estimate.

The General Fund is used to account for all financial activities except those required to be accounted for in another fund.

SPECIAL REVENUE FUND-OPERATIONAL 2022-23 BUDGETARY STATEMENT OF RESOURCES, USES AND CHANGES IN FUND BALANCE 2020-21 Actual*

2021-22 Budget

2021-22 Estimate**

2022-23 Budget

REVENUES Local - Property Tax State Aids Other Student Fees Institutional Federal Total Revenues

1,100,000 1,743,337 727,437 42,236 5,229,812 8,842,822

1,100,000 2,094,945 700,000 0 8,743,604 12,638,549

1,100,000 2,000,000 862,000 0 11,299,487 15,261,487

EXPENDITURES Instruction Instructional Resources Student Services General Institutional Physical Plant Auxiliary Services Total Expenditures

4,379,569 99,344 1,811,078 1,980,400 533,688 39,769 8,843,848

5,768,932 3,426 1,937,829 3,569,171 647,764 40,000 11,967,122

4,768,932 73,426 2,837,829 2,569,171 647,764 40,000 10,937,122

11,185,780 68,487 2,292,104 1,124,851 79,026 40,000 14,790,249

671,427

1,701,427

471,238

Net Revenue (Expenditures)

(1,026)

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

(800,000) (800,000)

(2,690,000) (2,690,000)

(1,862,401) (1,862,401)

TRANSFERS TO (FROM) FUND BALANCE Designated for Operations Total Transfers To (From) Fund Balance

(801,026) (801,026)

(2,018,573) (2,018,573)

(160,974) (160,974)

471,238 471,238

Beginning Fund Balance Ending Fund Balance

497,922 (303,104)

(303,104) (2,321,677)

(303,104) (464,078)

(464,078) 7,160

*Actual is presented on a budgetary basis. **Estimate is based upon ten months of actual and two months of estimate. Special Revenue Funds-Operational are used to account for the proceeds and related financial activity of specific revenue sources that are legally restricted to specific purposes other than expendable trusts or major capital projects.

SPECIAL REVENUE FUND-NONAIDABLE 2022-23 BUDGETARY STATEMENT OF RESOURCES, USES AND CHANGES IN FUND BALANCE 2020-21 Actual*

2021-22 Budget#

2021-22 Estimate**

2022-23 Budget

REVENUES Local - Property Tax Institutional Federal Total Revenues

50,000 134,738 8,198,118 8,382,856

50,000 170,000 13,600,000 13,820,000

50,000 220,000 8,500,000 8,770,000

EXPENDITURES Instruction Student Services General Institutional Total Expenditures

70,573 8,468,875 300 8,539,748

95,000 13,655,000

95,000 13,650,000

70,000 8,650,000

13,750,000

13,745,000

8,720,000

Net Revenue (Expenditures)

(156,892)

70,000

75,000

50,000

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

(156,892)

0 70,000

0 75,000

0 50,000

TRANSFERS TO (FROM) FUND BALANCE Reserve for Student Organizations Reserve for Student Fin'l Assistance Total Transfers To (From) Fund Balance

(156,892) 0 (156,892)

70,000 0 70,000

75,000 0 75,000

50,000 0 50,000

171,952 15,060

15,060 85,060

15,060 90,060

90,060 140,060

Beginning Fund Balance Ending Fund Balance

*Actual is presented on a budgetary basis. #Budget figures reflect appropriation changes as of April 28, 2022. **Estimate is based upon ten months of actual and two months of estimate.

Special Revenue Funds-Nonaidable are used to account for assets held by a district as an agent for individuals, private organizations, other governmental units, or other funds.

CAPITAL PROJECTS FUND 2022-23 BUDGETARY STATEMENT OF RESOURCES, USES AND CHANGES IN FUND BALANCE 2020-21 Actual* REVENUES State Aids Institutional Federal Total Revenues

2021-22 Budget

2021-22 Estimate**

2022-23 Budget

585,439 186,443 1,647,062 2,418,944

192,500 300,000 623,750 1,116,250

192,500 300,000 2,800,000 3,292,500

122,900 250,000 1,770,654 2,143,554

EXPENDITURES Instruction Instructional Resources Student Services General Institutional Physical Plant Auxiliary Services

5,428,186 877,423

1,904,558 600,000

4,500,000 900,000

2,020,148 44,291,131 340,384

1,900,000 35,370,000 150,000

1,500,000 3,994,000 -

2,200,000 800,000 4,700,000 8,700,000 -

Total Expenditures

52,957,272

39,924,558

10,894,000

16,400,000

Net Revenue (Expenditures)

(50,538,328)

(38,808,308)

(7,601,500)

(14,256,446)

OTHER SOURCES (USES) Proceeds from Debt Operating Transfer In (Out) Total Resources (Uses)

41,400,000 800,000 (8,338,328)

9,100,000 0 (29,708,308)

14,800,000 0 7,198,500

13,200,000 0 (1,056,446)

TRANSFERS TO (FROM) FUND BALANCE Reserve for Capital Projects (8,338,328) Total Transfers To (From) Fund Balance (8,338,328)

(29,708,308) (29,708,308)

7,198,500 7,198,500

(1,056,446) (1,056,446)

Beginning Fund Balance Ending Fund Balance

3,576,183 (26,132,125)

3,576,183 10,774,683

10,774,683 9,718,237

11,914,511 3,576,183

*Actual is presented on a budgetary basis. **Estimate is based upon ten months of actual and two months of estimate. Capital Projects Funds are used to account for financial resources and related financial activity for the acquisition and improvement of sites and for the acquisition, construction, equipping and remodeling of buildings.

DEBT SERVICE FUND 2022-23 BUDGETARY STATEMENT OF RESOURCES, USES AND CHANGES IN FUND BALANCE

2020-21 Actual*

2021-22 Budget

REVENUES Local - Property Tax Institutional Total Revenues

10,000,000 1,103,687 11,103,687

9,700,000 350,800 10,050,800

9,700,000 362,918 10,062,918

9,500,000 351,000 9,851,000

EXPENDITURES Physical Plant Total Expenditures

7,484,279 7,484,279

12,540,136 12,540,136

12,012,740 12,012,740

9,910,000 9,910,000

Net Revenue (Expenditures)

3,619,408

(2,489,336)

(1,949,822)

(59,000)

OTHER SOURCES (USES) Proceeds from Debt Operating Transfer In (Out) Total Resources (Uses)

0 0 3,619,408

0 0 (2,489,336)

0 0 (1,949,822)

0 0 (59,000)

TRANSFERS TO (FROM) FUND BALANCE Reserve for Debt Service 3,619,408 Total Transfers To (From) Fund Balance 3,619,408

(2,489,336) (2,489,336)

(1,949,822) (1,949,822)

(59,000) (59,000)

5,349,745 2,860,410

5,349,745 3,399,923

Beginning Fund Balance Ending Fund Balance

1,730,337 5,349,745

2021-22 Estimate**

2022-23 Budget

3,399,923 3,340,923

*Actual is presented on a budgetary basis. **Estimate is based upon ten months of actual and two months of estimate.

Debt Service Funds are used to account for the accumulation of resources for, and the payment of, general long-term debt and long-term lease purchase principal and interest.

ENTERPRISE FUND 2022-23 BUDGETARY STATEMENT OF RESOURCES, USES AND CHANGES IN FUND BALANCE 2020-21 Actual*

2021-22 Budget

2021-22 Estimate**

2022-23 Budget

REVENUES State Aids Institutional Total Revenues

167,680 2,791,683 2,959,363

135,000 2,440,998 2,575,998

135,000 2,200,000 2,335,000

160,000 2,700,000 2,860,000

EXPENDITURES Auxiliary Services

2,647,313

2,538,354

2,335,000

2,650,000

2,647,313

2,538,354

2,335,000

2,650,000

Net Revenue (Expenditures)

312,050

37,644

210,000

OTHER SOURCES (USES) Residual Equity Transfer In (Out) Operating Transfer In (Out) Total Resources (Uses)

0 312,050

760,000 797,644

120,954 120,954

150,000 360,000

TRANSFERS TO (FROM) FUND BALANCE Transfer to (from) Fund Balance Retained Earnings Total Transfers To (From) Fund Balance

312,050 312,050

797,644 797,644

120,954 120,954

360,000 360,000

988,600 1,300,650

1,300,650 2,098,294

1,300,650 1,421,604

1,421,604 1,781,604

Total Expenditures

Beginning Fund Balance Ending Fund Balance

*Actual is presented on a budgetary basis. **Estimate is based upon ten months of actual and two months of estimate.

Enterprise Funds are used to account for operations where the costs of providing the goods or services to the student body, faculty and staff, and/or to the general public are financed primarily through user fees.

INTERNAL SERVICE FUND 2022-23 BUDGETARY STATEMENT OF RESOURCES, USES AND CHANGES IN FUND BALANCE 2020-21 Actual*

2021-22 Budget

2021-22 Estimate**

2022-23 Budget

REVENUES Institutional Total Revenues

638,843 638,843

795,000 795,000

750,000 750,000

725,000 725,000

EXPENDITURES Auxiliary Services Total Expenditures

726,050 726,050

795,000 795,000

750,000 750,000

650,000 650,000

Net Revenue (Expenditures)

(87,207)

75,000

Operating Transfer In (Out) Total Resources (Uses)

0 0 (87,207)

0 0

0 0 75,000

TRANSFERS TO (FROM) FUND BALANCE Retained Earnings Total Transfers To (From) Fund Balance

(87,207) (87,207)

0 0

75,000 75,000

Beginning Fund Balance Ending Fund Balance

31,518 (55,689)

OTHER SOURCES (USES) Residual Equity Transfer In (Out)

(55,689) (55,689)

(55,689) 19,311

*Actual is presented on a budgetary basis. **Estimate is based upon ten months of actual and two months of estimate.

Internal Service Funds are used to account for the financing and related financial activity of goods and services provided by one department to other departments of the district on a cost-reimbursement basis.

BUDGETED EXPENDITURES BY OBJECT LEVEL* 2022-23 BUDGET YEAR

Personnel Expenses Salaries and Wages Fringe Benefits

$49,803,024 34,678,731 15,124,293

Current Expenses

37,857,235

Capital Outlay

16,400,000

Debt Service

9,910,000

Total Budgeted Expenditures

$113,970,259

* Includes all funds.

DEFINITIONS:

Personnel Expenses: Payroll expenditures which include wages, health and dental insurance, long-term disability, group life insurance, retirement and social security contributions. Current Expenses: Expenditures incurred during the fiscal year in progress--examples are supplies, repairs, postage, consulting services, media services, utilities and insurances. Capital Outlay: Expenditures which result in the acquisition of fixed assets having a life of two or more years and a cost greater than $5,000. It is an expenditure for land, buildings, improvements to buildings, remodeling and major equipment. Debt Service: Interest and principal payments made against the outstanding long-term debt of bonds and notes payable and installment purchases.

Combined Budget Summary

2022-23 BUDGETARY STATEMENT OF RESOURCES, USES AND CHANGES IN FUND BALANCE 2020-21 2021-22 2021-22 2022-23 Actual* REVENUES Local - Property Tax State Aids Program Fees Material Fees Other Student Fees Institutional Federal Total Revenues

Budget#

Estimate**

Budget

25,367,328 27,250,339 13,692,355 714,801 1,651,303 6,338,684 15,097,692 90,112,502

25,510,477 28,069,616 13,971,710 800,000 1,900,000 5,456,798 22,992,354 98,700,955

24,273,618 29,759,215 13,662,781 800,000 1,520,937 5,192,026 25,168,604 100,377,181

23,997,604 30,412,112 14,275,000 825,000 1,737,000 5,646,000 21,595,141 98,487,857

EXPENDITURES Instruction Instructional Resources Student Services General Institutional Physical Plant Auxiliary Services Total Expenditures

43,012,821 1,622,280 14,109,589 15,111,346 56,350,664 3,753,516 133,960,216

43,703,524 1,404,437 19,935,785 18,188,702 53,336,910 3,523,354 140,092,712

43,298,948 1,669,574 20,513,189 16,502,820 20,915,646 3,125,000 106,025,177

50,325,790 1,693,487 15,242,104 19,199,851 24,169,027 3,340,000 113,970,259

Net Revenue (Expenditures)

(43,847,714)

(41,391,757)

(5,647,996)

(15,482,402)

OTHER SOURCES (USES) Proceeds from Debt Residual Equity Transfer In (Out) Operating Transfer In (Out) Total Resources (Uses)

41,400,000 0 0 (2,447,714)

9,100,000 0 0 (32,291,757)

14,800,000 0 0 9,152,004

13,200,000 0 0 (2,282,402)

TRANSFERS TO (FROM) FUND BALANCE Reserve for Capital Projects Reserve for Debt Service Retained Earnings Reserve for Student Organizations Reserve for Student Fin'l Assistance Reserve for Operations Designated for Subsequent Years Total Transfers To (From) Fund Balance

(8,338,328) 3,619,408 224,843 (156,892) 0 0 2,203,255 (2,447,714)

(29,708,308) (2,489,336) 797,644 70,000 0 0 (961,757) (32,291,757)

7,198,500 (1,949,822) 120,954 75,000 0 0 3,707,372 9,152,004

(1,056,446) (59,000) 435,000 50,000 0 0 (1,651,956) (2,282,402)

Beginning Fund Balance Ending Fund Balance

29,855,906 27,320,842

27,320,842 (4,970,914)

27,320,842 36,472,846

36,472,846 34,190,444

55,351,315 10,937,122 13,745,000 10,894,000 12,012,740 2,335,000 750,000 106,025,177

60,850,010 14,790,249 8,720,000 16,400,000 9,910,000 2,650,000 650,000 113,970,259

EXPENDITURES BY FUND General Special Revenue-Operational Special Revenue-Nonaidable Capital Projects Debt Service Enterprise Internal Service Total Expenditures by Fund

52,761,706 8,843,848 8,539,748 52,957,272 7,484,279 2,647,313 726,050 133,960,216

58,577,542 11,967,122 13,750,000 39,924,558 12,540,136 2,538,354 795,000 140,092,712

#Budget figures reflect appropriation changes as of April 28, 2022. *Actual is presented on a budgetary basis. **Estimate is based upon ten months of actual and two months of estimate.

PROFORMA BALANCE SHEET June 30, 2022 Governmental Fund Category Special RevenueOperational

Special RevenueNon-aidable 1,594,060 400,000 -

$ 24,504,170

1,364,684 4,190 $ 1,368,874

$ 1,994,060

800,000 1,800,000 597,827 $ 3,197,827

CURRENT ASSETS

General

Cash and Cash Equivalents Property Taxes Receivable Accounts Receivable Inventory Prepaid Items Due From Other Funds Capital Assets, Less Depreciation Amt to be Provided for Debt Service Total Assets

16,304,170 5,500,000 2,000,000 700,000

LIABILITIES Accounts Payable Accrued Payroll Due to Other Funds Debt Service Payable Total Liabilities FUND EQUITY General Fixed Assets Retained Earnings Fund Balance: Reserve for Student Organizations Reserve for Std Fin'l Assistance Reserve for Capital Projects Reserve for Debt Service Unreserved: Designated for Operations Total Fund Equity Total Liability & Fund Equity

8,458,144

12,848,199 $ 21,306,343 $ 24,504,170

550,000 1,282,952

$ 1,832,952

$ 1,904,000

$ (464,078) -

4,000 1,900,000

75,000

10,000 5,060 $ (464,078) $ 90,060 $ 1,368,874 $ 1,994,060

Proprietary Fund Category

Capital Projects

Debt Service

Enterprise

18,274,683 $ 18,274,683

1,950,000 1,449,923 $ 3,399,923

506,034 24,438 651,985 304,147 $ 1,486,604

$ 7,500,000 $ 7,500,000

5,000,000

5,774,683 $ 10,774,683 $ 18,274,683

3,399,923 $ 3,399,923 $ 3,399,923

65,000 $

65,000

1,421,604

$ 1,421,604 $ 1,486,604

Account Group

Internal Service -

5,900 -

443 6,343

3,147 4,727 54,158 $ 62,032

Total

Fixed Assets

Long-Term Obligations

67,450,806 $ 67,450,806

72,130,000 $ 72,130,000

38,122,913 6,949,923 4,276,618 24,438 704,190 651,985 67,755,396 72,130,000 $ 190,615,463

$ 67,450,806 (55,689) -

$ (55,689) $ 67,450,806 $ 6,343 $ 67,450,806

72,130,000 $ 72,130,000

$ $ 72,130,000

8,857,147 5,052,679 651,985 72,130,000 86,691,811

67,450,806 14,434,981 10,000 5,060 5,774,683 3,399,923 12,848,199 $ 103,923,652 $ 190,615,463

CAPITAL PROJECTS LISTING 2022-23 BUDGET YEAR Description

Instructional Equipment

Amount

Administrative Computer Software/Hardware

6,700,000 500,000

Instructional Computer Software/Hardware

2,600,000

Multimedia Classrooms

900,000

Equipment for Physical Plant

1,500,000

Office and Classroom Furniture

4,000,000

Public Safety Equipment Total Capital Fund Expenditures

200,000 $

16,400,000

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (10 Years), Robert W. Baird, issued 08/05/14 for $4,395,000 for facility and non-facility remodeling and improvements, construction of buildings, and to acquire equipment. Interest at 2% to 2.5%, payable semi-annually April and October, beginning October 1, 2015. Principal payments are due April 1 of each year, beginning April 1, 2015, until maturity on April 1, 2024. FISCAL YEAR 2022-2023 2023-2024 Total Payments Due

PRINCIPAL 200,000 200,000

INTEREST 10,000 5,000

TOTAL 210,000 205,000

$400,000

$15,000

$415,000

General Obligation Promissory Notes (8 Years), Robert W. Baird, issued 7/9/15 for $4,000,000 for facility and non-facility remodeling and improvements, and to acquire equipment. Interest at 1% to 2%, payable semi-annually April and October, beginning October 1, 2015. Principal payments are due April 1 of each year, beginning April 1, 2016, until maturity on April 1, 2023. FISCAL YEAR 2022-2023 Total Payments Due

PRINCIPAL 200,000

INTEREST 4,000

TOTAL 204,000

$200,000

$4,000

$204,000

General Obligation Promissory Notes (8 Years), Robert W. Baird, issued 6/22/16 for $3,500,000 for facility and non-facility remodeling and improvements, and to acquire equipment. Interest at 1.25% to 2%, payable semi-annually April and October, beginning October 1, 2016. Principal payments are due April 1 of each year, beginning April 1, 2019, until maturity on April 1, 2024. FISCAL YEAR 2022-2023 2023-2024 Total Payments Due

PRINCIPAL 705,000 200,000

INTEREST 14,575 4,000

TOTAL 719,575 204,000

$905,000

$18,575

$923,575

General Obligation Promissory Notes (10 Years), Robert W. Baird, issued 8/2/16 for $2,500,000 for facility and non-facility remodeling and improvements, and to acquire equipment. Interest at 0.75% to 1.625%, payable semi-annually April and October, beginning April 1, 2017. Principal payments are due April 1 of each year, beginning April 1, 2017, until maturity on April 1, 2026. FISCAL YEAR 2022-2023 2023-2024 2024-2025 2025-2026 Total Payments Due

PRINCIPAL 350,000 145,000 150,000 150,000

INTEREST 11,675 6,862 4,688 2,437

TOTAL 361,675 151,862 154,688 152,437

$795,000

$25,662

$820,662

SCHEDULE OF LONG-TERM OBLIGATIONS

General Obligation Promissory Notes (8 Years), Robert W. Baird, issued 7/06/17 for $5,000,000 for facility and non-facility remodeling and improvements, and to acquire equipment. Interest at 1% to 2%, payable semi-annually April and October, beginning April 1, 2018. Principal payments are due April 1 of each year, beginning April 1, 2018, until maturity on April 1, 2025. FISCAL YEAR 2022-2023 2023-2024 2024-2025 Total Payments Due

PRINCIPAL 905,000 925,000 265,000

INTEREST 41,900 23,800 5,300

TOTAL 946,900 948,800 270,300

$2,095,000

$71,000

$2,166,000

General Obligation Promissory Notes (10 Years), Robert W. Baird, issued 8/01/17 for $3,000,000 for facility and non-facility remodeling and improvements, new facilities, and to acquire equipment. Interest at an estimate of 2%, payable semi-annually April and October, beginning April 1, 2018. Principal payments are due April 1 of each year, beginning April 1, 2018, until maturity on April 1, 2027. FISCAL YEAR 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 Total Payments Due

PRINCIPAL 375,000 385,000 335,000 150,000 150,000

INTEREST 29,487 21,987 14,287 6,750 3,375

TOTAL 404,487 406,987 349,287 156,750 153,375

$1,395,000

$75,886

$1,470,886

General Obligation Promissory Notes (10 Years), Robert W. Baird, issued 6/14/18 for $6,400,000 for facility and non-facility remodeling and improvements, new facilities, and to acquire equipment. Interest at an estimate of 2%, payable semi-annually April and October, beginning October 1, 2018. Principal payments are due April 1 of each year, beginning April 1, 2019, until maturity on April 1, 2026. FISCAL YEAR 2022-2023 2023-2024 2024-2025 2025-2026 Total Payments Due

PRINCIPAL 1,010,000 1,035,000 1,075,000 235,000

INTEREST 107,325 82,075 45,850 8,225

TOTAL 1,117,325 1,117,075 1,120,850 243,225

$3,355,000

$243,475

$3,598,475

SCHEDULE OF LONG-TERM OBLIGATIONS General Obligation Promissory Notes (10 Years), Robert W. Baird, issued 3/21/19 for $1,500,000 for facility and non-facility remodeling and improvements. Interest at an estimate of 2%, payable semi-annually April and October, beginning October 1, 2019. Principal payments are due April 1 of each year, beginning April 1 2020, until maturity on April 1, 2027. FISCAL YEAR 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 Total Payments Due

PRINCIPAL 185,000 190,000 195,000 200,000 205,000

INTEREST 25,988 21,825 17,550 13,163 6,662

TOTAL 210,988 211,825 212,550 213,163 211,662

$975,000

$85,188

$1,060,188

General Obligation Promissory Notes (10 Years), Robert W. Baird, issued 4/11/19 for $1,500,000 for facility and non-facility remodeling and improvements. Interest at an estimate of 2%, payable semi-annually April and October, beginning April 1, 2020. Principal payments are due April 1 of each year, beginning April 1 2020, until maturity on April 1, 2027. FISCAL YEAR 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 Total Payments Due

PRINCIPAL 190,000 195,000 200,000 205,000 210,000

INTEREST 24,037 19,763 15,375 10,375 5,250

TOTAL 214,037 214,763 215,375 215,375 215,250

$1,000,000

$74,800

$1,074,800

General Obligation Promissory Notes (10 Years), Robert W. Baird, issued 7/18/19 for $3,840,000 to acquire equipment. Interest at an estimate of 2%, payable semi-annually April and October, beginning April 1, 2020. Principal payments are due April 1 of each year, beginning April 1 2020, until maturity on April 1, 2026. FISCAL YEAR 2022-2023 2023-2024 2024-2025 2025-2026 Total Payments Due

PRINCIPAL 650,000 670,000 695,000 715,000

INTEREST 109,200 83,200 56,400 28,600

TOTAL 759,200 753,200 751,400 743,600

$2,730,000

$277,400

$3,007,400

SCHEDULE OF LONG-TERM OBLIGATIONS General Obligation Promissory Notes (10 Years), Robert W. Baird, issued 6/18/20 for $11,525,000 to acquire site, building addition, remodeling, and equipment. Interest at an estimate of 2%, payable semi-annually April and October, beginning April 1, 2021. Principal payments are due April 1 of each year, beginning April 1 2021, until maturity on April 1, 2030. FISCAL YEAR 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 Total Payments Due

PRINCIPAL 690,000 710,000 730,000 755,000 1,065,000 2,200,000 2,050,000 2,115,000

INTEREST 227,450 213,650 199,450 184,850 169,750 148,450 104,450 63,450

TOTAL 917,450 923,650 929,450 939,850 1,234,750 2,348,450 2,154,450 2,178,450

$10,315,000

$1,311,500

$11,626,500

General Obligation Promissory Notes (20 Years), Robert W. Baird, issued 2/18/21 for $41,400,000 to acquire referendum site, building addition, remodeling, and equipment. Interest at an estimate of 2%, payable semi-annually April and October, beginning October 1, 2021. Principal payments are due April 1 of each year, beginning October 2021, until maturity on April 1, 2040. FISCAL YEAR 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2040 Total Payments Due

PRINCIPAL 1,610,000 1,675,000 1,735,000 1,790,000 2,235,000 975,000 315,000 310,000 27,200,000

INTEREST 734,138 701,938 668,438 633,738 544,238 454,838 415,838 412,688 2,561,000

TOTAL 2,344,138 2,376,938 2,403,438 2,423,738 2,779,238 1,429,838 730,838 722,688 29,761,000

$37,845,000

$7,126,850

$44,971,850

General Obligation Promissory Notes (8 Years), Robert W. Baird, issued 7/22/21 for $9,100,000 for facility and non-facility remodeling and improvements, new facilities, and to acquire equipment. Interest at as estimate of 2%, payable semi-annually April and October, beginning October 1, 2021. Principal payments are due April 1 of each year, beginning April 2022, until maturity on April 1, 2028.

FISCAL YEAR 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028

Total Payments Due

PRINCIPAL 600,000 1,000,000 1,810,000 1,855,000 1,895,000 1,940,000

INTEREST 119,338 113,338 103,338 80,713 57,525 29,100

TOTAL 719,338 1,113,338 1,913,338 1,935,713 1,952,525 1,969,100

$9,100,000

$503,350

$9,603,350

SCHEDULE OF LONG-TERM OBLIGATIONS General Obligation Promissory Notes (8 Years), Robert W. Baird, to be issued 6/16/22 for $5,700,000 for facility and non-facility remodeling and improvements, new facilities, and to acquire equipment. Interest at as estimate of 2.62%, payable semi-annually April and October, beginning October 1, 2022. Principal payments are due April 1 of each year, beginning April 2023, until maturity on April 1, 2030. FISCAL YEAR 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 Total Payments Due

PRINCIPAL 1,795,000 495,000 515,000 535,000 555,000 580,000 600,000 625,000

INTEREST 149,020 144,713 129,863 113,125 94,400 72,200 49,000 25,000

TOTAL 1,944,020 639,713 644,863 648,125 649,400 652,200 649,000 650,000

$5,700,000

$777,320

$6,477,320

SCHEDULE OF LONG-TERM OBLIGATIONS COMBINED SCHEDULE OF LONG-TERM OBLIGATIONS

FISCAL YEAR 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2040 Total Payments Due

PRINCIPAL $9,465,000 7,825,000 7,705,000 6,590,000 6,315,000 5,695,000 2,965,000 3,050,000 27,200,000

INTEREST $1,608,132 1,442,150 1,260,538 1,081,975 881,200 704,588 569,288 501,138 2,561,000

TOTAL $11,073,132 9,267,150 8,965,538 7,671,975 7,196,200 6,399,588 3,534,288 3,551,138 29,761,000

$76,810,000

$10,610,006

$87,420,006

Combined Schedule of Long-Term Obligations * 30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

0 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2040 PRINCIPAL

INTEREST

*Existing Debt Only

DEBT LIMIT 2022-23 BUDGET YEAR The aggregate indebtedness of the District may not exceed 5% of the equalized value of the taxable property located in the District per s.67.03(1), Wis. Stats. For FY23, the projected computation of legal debt margin is as follows: FY22 Equalized Valuation Projected Change in Valuation FY23 Projected Equalized Valuation Debt Limit Percent Debt Limit Gross Indebtedness Applicable to Debt Limit Less Projected Assets Available Total Amount of Debt Applicable to Debt Limit Legal Debt Margin

29,898,045,939 x 104.5% 31,691,928,695 x 5% 1,584,596,435

71,110,000 3,399,923 $

67,710,077 1,516,886,358

The bonded indebtedness of the District may not exceed 2% of the equalized value of the taxable property located in the District per s.67.03(1), Wis. Stats. For FY22, the projected computation of legal debt margin is as follows: FY23 Projected Equalized Valuation Debt Limit Percent Debt Limit Gross Indebtedness Applicable to Debt Limit Less Projected Assets Available Total Amount of Debt Applicable to Debt Limit Legal Debt Margin

31,691,928,695 x 2.0% 633,838,574

633,838,574

SUPPLEMENTAL DATA

Tax Levy, Equalized Valuations and Mill Rates Fund

Actual 2019-20

General Special Revenue - Operational Special Revenue - Nonaidable

13,584,666 1,100,000 50,000

Operational Tax Levy

14,734,666

Debt Service Total Tax Levy

21,534,666

0.56086 0.25883

Total Mill Rate

0.81969

26,271,727,578

Actual 2020-21

% Change

14,124,769 1,100,000 50,000 4.30%

6,800,000

Mill Rates Operations Debt Service

Property Values Equalized Valuation *

% Change

15,274,769

25,274,769

3.67%

14,542,787

17.37%

24,242,787

6.26%

0.90523

27,920,828,552

-4.79%

6.28%

0.81085

29,898,045,939

% Change

14,497,604

-0.31%

9,500,000 -4.08%

0.48641 0.32444 10.44%

Estimated 2022-23 13,347,604 1,100,000 50,000

9,700,000

0.54707 0.35816 -3.16%

% Change

13,392,787 1,100,000 50,000

10,000,000 2.90%

Actual 2021-22

23,997,604

-1.01%

0.45745 0.29976 -10.43%

7.08%

0.75721

31,691,928,695

-6.62%

6.00%

CHIPPEWA VALLEY TECHNICAL COLLEGE DISTRICT - Clark County less the portion of the Granton, Loyal, Colby, Black River Falls, Spencer, Pittsville, Abbotsford and Marshfield school districts; Dunn, Pepin, Pierce, Eau Claire and Chippewa counties; plus the portion of Mondovi, Durand and Alma school districts in Buffalo County, Gilmanton School District in Buffalo and Trempealeau counties; Osseo-Fairchild School District in Jackson and Trempealeau counties; Eleva-Strum School District in Trempealeau County; Stanley-Boyd, Thorp, Owen-Withee, Flambeau and Gilman school districts in Taylor County; Alma Center School District in Jackson County; and River Falls and Spring Valley school districts in St. Croix County. *The value of property as determined by the Wisconsin Department of Revenue. This will not necessarily be the same as the assessed value because of the different assessment rates in the 204 municipalities making up the District.

BUDGET SUMMARY 2022-23 Resources

Resources by Category

2022-23 Budget

Local - Property Tax

23,997,604

State Aids

30,412,112

Program Fees

14,275,000

Material Fees

825,000

Other Student Fees

1,737,000

Institutional

5,646,000

Property Tax

21%

State Aids

27%

Program Fees

13%

Material Fees 1%

Student Fees

Institutional

Federal

21,595,141

19%

Proceeds from Debt

13,200,000

12%

19%

Debt

12% 0%

Total Resources

111,687,857

10%

15%

20%

25%

30%

100%

Property Tax Impact: The tax rate for the 2022-23 budget is $0.76 per thousand dollars of valuation, including 0.46 for operations and 0.30 for debt service. The tax rate for the 2021-22 budget was $0.81 per $1,000 of valuation. The equalized value is determined by the Wisconsin Department of Revenue using the full value of the taxable property in a district (less tax incremental financing districts). A formula is used that standardizes property values across all municipalities. The municipalities are billed based on a mill rate (taxes billed per $1,000 of valuation). Each city, town and village bill the taxpayers based on assessed valuation. Rates can vary among municipalities within a district. Therefore municipalities mill rate to the taxpayer may be higher or lower than the rate billed to the municipality. The projected annual tax payment by the property owner to support the educational programs at Chippewa Valley Technical College for 2022-23 will be $0.76 per $1,000 of equalized valuation.

BUDGET SUMMARY 2022-23 Expenditures by Fund

Expenditures by Fund

2022-23 Budget General

General

60,850,010

53%

Special Revenue Operational

14,790,249

Sp. Rev 13% Operational

Special Revenue Nonaidable

8,720,000

Capital Projects

16,400,000

53%

13%

Sp. Rev NonAid

Capital 14%

Capital

14%

Debt 9%

Debt

Debt Service

9,910,000

Enterprise

2,650,000

Internal Service

650,000

Total All Funds

113,970,259

9% Enterprise

Internal 1% Svc.

100%

1% 0%

10%

20%

30%

40%

50%

60%

70%

General Fund - used to account for all functional activities except those required to be accounted for in another fund. Special Revenue-Operational Fund - used to account for the proceeds and related financial activity of specific revenue sources that are legally restricted to specific purpose other than expendable trusts or major capital projects. Special Revenue-Nonaidable Fund - used to account for assets held by a district in a trustee capacity or as an agent for individuals, private organizations, other governmental units or other funds. Capital Projects Fund - used to account for financial resources and related financial activity for the acquisition and improvement of sites and for the acquisitions, construction, equipping and renovation of buildings. Debt Service Fund - used to account for the accumulation of resources for, and payment of, general long-term debt principal and interest. Enterprise Fund - used to account for operations where the costs of providing goods or services to the student body, faculty and staff, or the general public are financed primarily through user fees.

BUDGET SUMMARY 2022-23 Expenditures by Function

Expenditures by Function

2022-23 Budget Instruction

Instruction Instructional Resources

50,325,790 1,693,487

Instructional Res.1%

15,242,104

General Institutional

19,199,851

Physical Plant

24,169,027

Physical Plant 21%

3,340,000

Auxiliary 3% Svcs.

Total All Functions

Student Svcs.

Student Services

Auxiliary Services

44%

45%

113,970,259

13%

General Institutional

17%

101.0%

21%

3% 0%

10%

20%

30%

40%

50%

Instruction - This function includes teaching, academic administration, including clerical support, and other activities related directly to the teaching of students, guiding the students in the educational program, and coordination and improvement of teaching. Instructional Resources - This function includes all learning resource activities such as the library and audio-visual aids center, learning resource center, instructional media center, instructional resources administration, and clerical support. Student Services - This function includes those non-instructional services provided for the student body such as student recruitment; student services administration and clerical support; admissions; registration; counseling; including testing and evaluation; health services; financial aids; placement; and follow up. General Institutional - This function also includes all services benefiting the entire college, exclusive of those chargeable directly to other functional categories. Examples of this type of expenditure are legal fees, external audit fees, general liability insurance, interest on operational borrowing, and public information. General personnel, employment relations, and affirmative action programs are included in this function. Physical Plant - This function includes all services required for the operation and maintenance of the physical facilities. Principal and interest on long-term obligations are included under this function as are the general utilities such as heat, light and power. Auxiliary Services - This function includes commercial-type activities. Examples are bookstore, cafeteria, and vending machines.

TOTAL 2020-21 ACTUAL COSTS PER FTE BY DISTRICT Northwood

$22,651 $21,007

Lakeshore Mid-State

$18,760

Waukesha

$18,573

Blackhawk

$18,413

Statewide

$18,217

Gateway

$16,983

Moraine Park

$16,785

Madison

$15,856

Southwest

$15,736

Fox Valley

$15,615

Western

$15,605

Milwaukee

$15,594

Northcentral

$14,505 …

Nicolet

Northeast Chippewa Valley 11,000

State Avg.

$14,215 $11,934 12,000

13,000

CVTC 14,000

15,000

16,000

17,000

18,000

19,000

20,000

21,000

22,000

23,000

Chippewa Valley Technical College Student FTEs 4,600 4,499

4,500 4,500 4,432 4,400

4,368 4,325 4,287

FTEs

4,300 4,200

4,100

4,099

4,000

3,900 3,800 FY17

FY18

FY19

FY20

FY21

FY22(Est.)

FY23(Proj.)

FISCAL YEAR

Chippewa Valley Technical College Unduplicated Headcount 20,000 18,389

18,000

18,910 17,298

16,672

15,537

16,000

16,027

16,508

HEADCOUNT

14,000

12,000 10,000 8,000 6,000 4,000 2,000 0 FY17

FY18

FY19

FY20

FY21

FY22(Est.)

FY23(Proj.)

FISCAL YEAR

CREDIT PROGRAM OFFERINGS 2022-2023 Associate Degree Programs Accounting Agronomy Management Agronomy Service Technician Air Conditioning, Heating & Refrigeration Technology Alcohol and Other Drug Abuse Animal Science Management Architectural Structural Design Automation Engineering Technology Business Management Criminal Justice Culinary Management Dental Hygienist Diagnostic Medical Sonography Digital Marketing Early Childhood Education Executive Assistant Fire Medic Foundations of Teacher Education Graphic Design Health Information Management & Technology Health Navigator Human Resources Individualized Technical Studies

Industrial Mechanical Technician Information Technology-Network Specialist Information Technology-Software Developer Landscape, Plant and Turf Management Liberal Arts – Associate of Science Library & Information Services Manufacturing Engineering Technologist Marketing Mechanical Design Medical Laboratory Technician Nursing Paralegal Paramedic Technician Physical Therapist Assistant Radiography Respiratory Therapy Supply Chain Management Technical Studies-Journey worker

Technical Diploma Programs Accounting Assistant Bookkeeper Air Conditioning, Heating & Refrigeration Technician Renewable Energy Automotive Collision Repair & Refinish Technician Electro Mechanical Maintenance Technician Automotive Maintenance Technician Central Service Technician Child Care Services Cosmetology Criminal Justice-Law Enforcement Academy Design & Drafting Technology Dental Assistant Diesel Truck Technician Electrical Power Distribution Electrical Maintenance Emergency Medical Technician Entrepreneurship Farm Business & Production Management Farm Operation Gas Utility Construction & Service Industrial Mechanic IT Software Development Specialist Landscape, Plant & Turf Technician

Machine Tool Operator Manufacturing Quality Machine Tooling Technics Mechanical Maintenance Medical Assistant Motorcycle, Marine & Outdoor Power Products Technician Nail Technician Nursing Assistant Office Assistant Office Receptionist Paralegal Post-Baccalaureate Paramedic Residential Construction Surgical Technologist Truck Driving Welding

CAMPUS LOCATIONS

Business Education Center

Health Education Center

715-833-6200 620 West Clairemont Avenue // Eau Claire, WI

715-833-6417 615 West Clairemont Avenue // Eau Claire, WI

Emergency Service Education Center

Manufacturing Education Center

715-855-7500 3623 Campus Road // Eau Claire, WI

715-874-4600 2320 Alpine Road // Eau Claire, WI

Applied Technology Center

Chippewa Falls Campus

715-833-6237 2322 Alpine Road // Eau Claire, WI

715-738-3841 770 Scheidler Road // Chippewa Falls, WI 5

CAMPUS LOCATIONS

Energy Education Center

Fire Safety Center

715-833-6200 4000 Campus Road // Eau Claire, WI

715-874-4672 3617 Campus Road // Eau Claire, WI

Diesel Education Center

River Falls Campus

715-833-6200 2710 Arbor Court // Eau Claire, WI

715-425-3301 500 South Wasson Lane // River Falls, WI

Neillsville Center

Menomonie Campus

715-743-3965 11 Tiff Avenue // Neillsville, WI

715-232-2685 403 Technology Drive East // Menomonie, WI 6

EAU CLAIRE // CHIPPEWA FALLS // MENOMONIE // NEILLSVILLE // RIVER FALLS

CHIPPEWA VALLEY TECHNICAL COLLEGE 2022 TAX LEVY DISTRIBUTION BY MUNICIPALITY

MUNICIPALITY BUFFALO COUNTY T ALMA T BELVIDERE T CANTON T DOVER T GILMANTON T LINCOLN T MAXVILLE T MODENA T MONDOVI T MONTANA T NAPLES T NELSON T WAUMANDEE V NELSON C ALMA C MONDOVI COUNTY TOTAL CHIPPEWA COUNTY T ANSON T ARTHUR T AUBURN T BIRCH CREEK T BLOOMER T CLEVELAND T COLBURN T COOKS VALLEY T DELMAR T EAGLE POINT T EDSON T ESTELLA T GOETZ T HALLIE T HOWARD T LAFAYETTE T LAKE HOLCOMBE T RUBY T SAMPSON T SIGEL T TILDEN T WHEATON T WOODMOHR V BOYD V CADOTT V LAKE HALLIE V NEW AUBURN C BLOOMER C CHIPPEWA FALLS C CORNELL C EAU CLAIRE C STANLEY COUNTY TOTAL

2021 FULL VALUATIONS

PERCENT OF TOTAL

2022 TAX LEVY

$45,817,400 11,924,430 33,288,300 41,026,400 44,585,400 35,810,661 45,987,000 34,978,100 44,576,400 1,879,719 60,988,600 81,147,600 804,896 20,849,200 59,488,323 155,929,700 $719,082,129

0.153245 0.039884 0.111339 0.137221 0.149125 0.119776 0.153813 0.116991 0.149095 0.006287 0.203989 0.271414 0.002692 0.069734 0.198971 0.521538 2.405114

$37,151 9,669 26,992 33,266 36,152 29,037 37,288 28,362 36,145 1,524 49,453 65,798 653 16,906 48,236 126,435 $583,067

$309,334,600 76,599,100 65,282,500 131,108,200 118,995,800 93,187,900 100,311,400 75,880,700 71,237,200 485,202,700 90,824,500 45,341,400 71,769,400 18,115,800 84,016,800 852,832,800 202,696,300 43,452,200 276,039,500 100,336,900 176,439,900 338,152,800 100,160,100 35,488,200 96,515,400 709,168,300 24,317,000 299,593,100 1,120,159,100 86,156,100 245,645,100 118,007,500 $6,662,368,300

1.034631 0.256201 0.218350 0.438518 0.398005 0.311686 0.335512 0.253798 0.238267 1.622858 0.303781 0.151653 0.240047 0.060592 0.281011 2.852470 0.677958 0.145335 0.923269 0.335597 0.590139 1.131020 0.335006 0.118697 0.322815 2.371955 0.081333 1.002049 3.746596 0.288166 0.821609 0.394700 22.283625

$250,824 62,110 52,934 106,309 96,488 75,561 81,337 61,528 57,763 393,426 73,645 36,765 58,194 14,689 68,125 691,518 164,356 35,233 223,826 81,358 143,066 274,191 81,215 28,776 78,259 575,028 19,717 242,925 908,279 69,860 199,181 95,686 $5,402,172

CHIPPEWA VALLEY TECHNICAL COLLEGE 2022 TAX LEVY DISTRIBUTION BY MUNICIPALITY

MUNICIPALITY CLARK COUNTY T BEAVER T BUTLER T DEWHURST T EATON T FOSTER T GRANT T GREEN GROVE T HENDREN T HEWETT T HIXON T HOARD T LEVIS T LONGWOOD T LOYAL T MAYVILLE T MEAD T MENTOR T PINE VALLEY T RESEBURG T SEIF T SHERWOOD T THORP T WARNER T WASHBURN T WESTON T WITHEE T WORDEN T YORK V WITHEE C GREENWOOD C NEILLSVILLE C OWEN C STANLEY C THORP COUNTY TOTAL

2021 FULL VALUATIONS

$5,854,448 12,097,100 101,495,908 64,377,056 29,686,300 26,743,874 31,407,938 40,449,000 34,875,600 53,144,800 40,326,250 48,160,300 55,079,000 3,389,873 2,122,921 52,424,800 64,704,600 108,113,200 50,868,300 22,995,600 1,807,462 62,071,100 40,520,969 28,399,924 49,027,695 62,514,200 59,648,800 12,043,258 20,949,400 48,515,600 127,997,700 42,633,500 3,673,100 94,714,800 $1,502,834,376

PERCENT OF TOTAL

0.019581 0.040461 0.339473 0.215322 0.099292 0.089450 0.105050 0.135290 0.116648 0.177753 0.134879 0.161082 0.184223 0.011338 0.007101 0.175345 0.216417 0.361606 0.170139 0.076913 0.006045 0.207609 0.135530 0.094989 0.163983 0.209091 0.199507 0.040281 0.070069 0.162270 0.428114 0.142596 0.012285 0.316793 5.026530

2022 TAX LEVY

$4,747 9,809 82,298 52,200 24,071 21,685 25,467 32,798 28,279 43,092 32,698 39,051 44,661 2,749 1,721 42,509 52,466 87,663 41,246 18,646 1,466 50,330 32,856 23,028 39,754 50,690 48,366 9,765 16,987 39,339 103,787 34,569 2,978 76,799 $1,218,571

CHIPPEWA VALLEY TECHNICAL COLLEGE 2022 TAX LEVY DISTRIBUTION BY MUNICIPALITY

MUNICIPALITY DUNN COUNTY T COLFAX T DUNN T EAU GALLE T ELK MOUND T GRANT T HAY RIVER T LUCAS T MENOMONIE T NEW HAVEN T OTTER CREEK T PERU T RED CEDAR T ROCK CREEK T SAND CREEK T SHERIDAN T SHERMAN T SPRING BROOK T STANTON T TAINTER T TIFFANY T WESTON T WILSON V BOYCEVILLE V COLFAX V DOWNING V ELK MOUND V KNAPP V RIDGELAND V WHEELER C MENOMONIE COUNTY TOTAL

2021 FULL VALUATIONS

$103,072,900 131,917,700 91,978,000 154,568,300 48,746,800 69,575,800 72,220,200 296,274,600 53,065,900 51,404,300 20,862,700 256,795,800 99,312,700 50,740,400 50,294,300 94,539,900 165,419,700 71,799,300 283,534,400 52,383,300 59,547,100 47,972,000 51,090,400 56,692,700 12,262,700 41,626,100 20,542,400 16,159,400 10,455,000 1,139,803,600 $3,674,658,400

PERCENT OF TOTAL

0.344748 0.441225 0.307639 0.516985 0.163043 0.232710 0.241555 0.990950 0.177490 0.171932 0.069779 0.858905 0.332171 0.169711 0.168219 0.316208 0.553279 0.240147 0.948338 0.175206 0.199167 0.160452 0.170882 0.189620 0.041015 0.139227 0.068708 0.054048 0.034969 3.812301 12.290631

2022 TAX LEVY

$83,577 106,965 74,580 125,331 39,526 56,415 58,560 240,234 43,028 41,681 16,916 208,223 80,528 41,143 40,781 76,658 134,130 58,218 229,903 42,475 48,284 38,898 41,427 45,969 9,943 33,752 16,657 13,103 8,477 924,208 $2,979,591

CHIPPEWA VALLEY TECHNICAL COLLEGE 2022 TAX LEVY DISTRIBUTION BY MUNICIPALITY

MUNICIPALITY EAU CLAIRE COUNTY T BRIDGE CREEK T BRUNSWICK T CLEAR CREEK T DRAMMEN T FAIRCHILD T LINCOLN T LUDINGTON T OTTER CREEK T PLEASANT VALLEY T SEYMOUR T UNION T WASHINGTON T WILSON V FAIRCHILD V FALL CREEK C ALTOONA C AUGUSTA C EAU CLAIRE COUNTY TOTAL

2021 FULL VALUATIONS

$170,035,800 226,325,400 71,852,900 80,500,300 38,385,000 115,706,100 109,213,500 37,489,500 497,899,200 391,869,000 522,666,800 928,352,700 39,661,000 14,654,900 98,740,400 614,605,000 80,790,900 6,090,728,300 $10,129,476,700

PERCENT OF TOTAL

0.568719 0.756991 0.240326 0.269249 0.128386 0.387002 0.365286 0.125391 1.665324 1.310684 1.748164 3.105061 0.132654 0.049016 0.330257 2.055669 0.270221 20.371660 33.880063

2022 TAX LEVY

$137,873 183,516 58,262 65,274 31,124 93,820 88,556 30,398 403,721 317,746 423,804 752,753 32,159 11,883 80,064 498,352 65,509 4,938,658 $8,213,471

CHIPPEWA VALLEY TECHNICAL COLLEGE 2022 TAX LEVY DISTRIBUTION BY MUNICIPALITY

MUNICIPALITY

2021 FULL VALUATIONS

PERCENT OF TOTAL

2022 TAX LEVY

JACKSON COUNTY T ALMA T CLEVELAND T GARDEN VALLEY T GARFIELD T HIXTON T NORTHFIELD V ALMA CENTER V MERRILLAN COUNTY TOTAL

$82,121,523 51,469,700 40,740,555 65,919,500 11,645,447 5,995,538 22,029,800 24,745,557 $304,667,620

0.274672 0.172151 0.136265 0.220481 0.038951 0.020053 0.073683 0.082766 1.019022

$66,588 41,734 33,034 53,451 9,443 4,861 17,863 20,065 $247,039

PEPIN COUNTY T ALBANY T DURAND T FRANKFORT T LIMA T PEPIN T STOCKHOLM T WATERVILLE T WAUBEEK V PEPIN V STOCKHOLM C DURAND COUNTY TOTAL

$66,272,000 57,917,900 33,984,300 69,905,100 121,196,700 44,230,000 69,081,000 47,180,100 67,476,800 25,205,700 106,947,300 $709,396,900

0.221660 0.193718 0.113667 0.233812 0.405367 0.147936 0.231055 0.157803 0.225690 0.084306 0.357707 2.372720

$53,737 46,963 27,556 56,682 98,272 35,864 56,014 38,256 54,713 20,438 86,718 $575,213

$396,008,400 60,452,500 143,998,000 88,551,200 118,538,800 96,912,400 37,433,400 88,306,000 125,337,000 336,027,500 300,741,900 47,897,800 60,131,400 58,802,500 234,564,200 172,287,300 57,015,600 22,807,000 235,838,300 41,846,300 20,429,000 36,639,200 80,882,300 367,854,300 798,922,700 $4,028,225,000

1.324529 0.202195 0.481630 0.296177 0.396477 0.324143 0.125204 0.295357 0.419215 1.123911 1.005891 0.160204 0.201122 0.196677 0.784547 0.576249 0.190700 0.076283 0.788808 0.139963 0.068329 0.122547 0.270527 1.230362 2.672157 13.473205

$321,103 49,018 116,761 71,802 96,117 78,581 30,353 71,603 101,629 272,467 243,856 38,838 48,757 47,680 190,196 139,699 46,231 18,493 191,229 33,931 16,565 29,709 65,583 298,274 647,805 $3,266,280

PIERCE COUNTY T CLIFTON T DIAMOND BLUFF T ELLSWORTH T EL PASO T GILMAN T HARTLAND T ISABELLE T MAIDEN ROCK T MARTELL T OAK GROVE T RIVER FALLS T ROCK ELM T SALEM T SPRING LAKE T TRENTON T TRIMBELLE T UNION V BAY CITY V ELLSWORTH V ELMWOOD V MAIDEN ROCK V PLUM CITY V SPRING VALLEY C PRESCOTT C RIVER FALLS COUNTY TOTAL

CHIPPEWA VALLEY TECHNICAL COLLEGE 2022 TAX LEVY DISTRIBUTION BY MUNICIPALITY

MUNICIPALITY ST CROIX COUNTY T CADY T EAU GALLE T KINNICKINNIC T PLEASANT VALLEY T RUSH RIVER T SPRINGFIELD T TROY V SPRING VALLEY V WILSON C RIVER FALLS COUNTY TOTAL

2021 FULL VALUATIONS

PERCENT OF TOTAL

2022 TAX LEVY

$72,981,994 22,314,382 231,521,966 15,384,030 322,923 6,571,349 580,819,848 1,737,100 12,593,747 422,951,300 $1,367,198,639

0.244103 0.074635 0.774372 0.051455 0.001080 0.021979 1.942668 0.005810 0.042122 1.414645 4.572870

$59,177 18,094 187,729 12,474 262 5,328 470,957 1,409 10,212 342,949 $1,108,591

TAYLOR COUNTY T AURORA T CLEVELAND T FORD T GROVER T JUMP RIVER T MAPLEHURST T MCKINLEY T PERSHING T ROOSEVELT T TAFT V GILMAN V LUBLIN COUNTY TOTAL

$31,231,700 23,812,500 24,005,000 31,600,661 24,141,700 28,575,782 34,785,300 19,929,300 35,443,200 34,990,400 19,407,500 4,087,600 $312,010,643

0.104461 0.079646 0.080290 0.105695 0.080747 0.095577 0.116346 0.066658 0.118547 0.117032 0.064912 0.013672 1.043582

$25,324 19,308 19,464 25,623 19,575 23,171 28,206 16,160 28,739 28,372 15,737 3,314 $252,993

TREMPEAULEAU COUNTY T ALBION T CHIMNEY ROCK T HALE T SUMNER T UNITY V ELEVA V STRUM C OSSEO COUNTY TOTAL

$64,177,100 21,433,523 28,160,109 83,735,000 52,330,900 40,190,900 66,929,400 131,170,300 $488,127,232

0.214653 0.071689 0.094187 0.280068 0.175031 0.134427 0.223859 0.438725 1.632639

$52,038 17,379 22,834 67,896 42,432 32,589 54,270 106,359 $395,797

TOTALS

$29,898,045,939

100.000000

$24,242,787