Dr. George Parker, President PO Box 309, Jamestown, NC (336)

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1 EDUCATION Guilford Technical Community College Dr. George Parker, President PO Box 309, Jamestown, NC (336) Links to County Goals and Strategic Priorities: COUNTY GOAL: Further Community Achievement PRIORITY: Workforce Preparedness BUDGET SUMMARY FY 2013 Actual FY 2014 Adopted FY 2014 Amended FY 2015 Adopted $ chg % chg FY 2016 Plan Guilford Technical Community College Operating Expenses $11,752,690 $12,397,690 $12,397,690 $13,297,690 $900, % $13,297,690 Capital Maintenance $0 $1,500,000 * $1,500,000 * $1,500,000 * $0 0.0% $1,500,000 Debt Repayment $10,999,599 $11,408,262 $11,409,559 $11,138,544 ($269,718) -2.4% $13,807,994 Total $22,752,289 $25,305,952 $25,307,249 $25,936,234 $630, % $28,605,684 Sources of Funds Federal & State Funds American Rec/Reinvest $353,570 $322,809 $322,809 $328,113 $5, % $ 328,113 County Funds $22,398,719 $24,983,143 $24,984,440 $25,608,121 $623, % $ 28,277,571 Total $22,752,289 $25,305,952 $25,307,249 $25,936,234 $628, % $ 28,605,684 * FY funding for capital maintenance came from County Building Construction Fund Reserves totaling $1.5 million. Because this level of reserve funding is no longer available in the Construction Fund, the county must allocate "new" money to maintain the current level of capital maintenance expenditure in FY DEPARTMENTAL PURPOSE Guilford Technical Community College provides addressable and comprehensive instructional programs committed to excellence in teaching and successful student achievement; develops and maintains programs that are responsive to the changing educational and training needs of the people served through basic skills and lifelong learning opportunities; and develops and maintains programs that support and enhance the economic development needs of the local community. For more information about the College, please visit its website at The Community College s Board of Trustees requested a total budget of $15,373,397 from Guilford County for FY 2015 ($13,603,397 in operating funds and $1,770,000 in capital outlay funds). This request, detailed on the following page, is $1,475,707 or 10.6% higher than the current year s budget. 159

2 FY 2015 ADOPTED BUDGET HIGHLIGHTS The FY 2015 Adopted Budget increases operating funding for the community college by $900,000 or 7.3% to a total of $13,297,690. This additional funding will be used for ongoing operating costs of new facilities, as well as other college expenses for which the county is responsible for funding. The budget also continues the $1.5 million of capital funding from the county s general fund to replace capital fund reserves that was used in FY 2014 to fund the community college s capital needs. The funding noted above represents the County s portion of the total budget for Guilford Technical Community College. The College receives additional funding from other sources, including the State of North Carolina. Category GUILFORD TECHNICAL COMMUNITY COLLEGE FY 2015 COUNTY BUDGET REQUEST Operating Budget Capital Outlay Total Building Maintenance $ 2,230,588 $ - $ 2,230,588 Custodial Services $ 2,215,890 $ - $ 2,215,890 Utilities $ 2,203,480 $ - $ 2,203,480 Campus Police $ 1,841,011 $ - $ 1,841,011 Institutional Support $ 1,619,961 $ - $ 1,619,961 Rent & Insurance $ 877,498 $ - $ 877,498 Grounds Maintenance $ 667,556 $ - $ 667,556 General Facilities $ 469,468 $ - $ 469,468 Construction Services $ 272,238 $ - $ 272,238 Culinary Program/Koury Renovations $ - $ 650,000 $ 650,000 High Point Campus Site Improvements $ - $ 350,000 $ 350,000 Jamestown Central Energy Plant Expansion $ - $ 250,000 $ 250,000 Pre-disaster Mitigation Repairs $ - $ 265,000 $ 265,000 Preventive Maintenance Roof Repairs $ - $ 80,000 $ 80,000 Jamestown Master Plan Phase I $ - $ 175,000 $ 175,000 Total $ 12,397,690 $ 1,770,000 $ 14,167,690 Additional Needs for FY 2015: Remainder for Cameron Campus Operations $ 513,041 $ - $ 513,041 Remainder for Aviation Classroom Building $ 227,779 $ - $ 227,779 High Point Black Box Theatre $ 37,640 $ - $ 37,640 Utility Rate Increases $ 145,759 $ - $ 145,759 Sales Tax on Utilities $ 97,515 $ - $ 97,515 Legislative Cost of Living Adjustment $ 114,920 $ - $ 114,920 Increase in Insurance Premiums $ 31,285 $ - $ 31,285 Mandatory Benefit Rate Increases $ 27,901 $ - $ 27,901 Increase in Unemployment Insurance $ 8,000 $ - $ 8,000 Rent Increases in Leased Property $ 1,867 $ - $ 1,867 Total $ 1,205,707 $ - $ 1,205,707 Total FY 2015 Budget Request $ 13,603,397 $ 1,770,000 $ 15,373,

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4 GUILFORD TECHNICAL COMMUNITY COLLEGE COUNTY OPERATING BUDGET PER GROSS SQUARE FOOTAGE (GSF) AND GTCC RANKINGS $12.00 $10.00 $8.00 $6.00 $4.00 $2.00 $0.00 Funding per GSF - Benchmarks $9.80 Central Piedmont $11.47 Fayetteville $7.81 Guilford $10.53 Wake GTCC Ranking for County Funding Among NC Community Colleges

5 Estimated annual cost of new facilities, including AVIII, B&I, Black Box, and USC is just over $1.9 million Annual Cost Funded 2013/14 Needed 2014/15 Needed 2015/16 B & I $762,722 $249,681 $513,041 - AVIII $302,007 $74,228 $227,779 - T & W (6012) $647,275 $321,091 - $326,184 Black Box $37,640 - $37,640 - Union Square Campus $220,000 est. $220,000 est. TOTALS $1,969,644 $645,000 $778,460 $546,

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