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  • 1. Summary Operating Statements For the Period September 1, 2013 ‐ November 30, 2013 For the Meeting of the Board of Trustees ‐ December 12, 2013 for Houston Community College System & Houston Community College Public Facility Corporation
  • 2. Table of Contents For the Period September 1, 2013 ‐ November 30, 2013 For the Meeting of the Board of Trustees Houston Community College System Memorandum Management Discussion & Analysis Fund Balances Fund Balance Statement  1 Operating Summary HCCS Unrestricted Revenue & Expenditures 2 Auxiliary Sources and Uses of Auxiliary Funds 3 Balance Sheet Balance Sheet by Fund 5 Budgets Adjusted Budgets by Division 6 Exemptions/Waivers Exemptions & Waivers Detail 7
  • 3. Managements Discussion and Analysis Thru November 30, 2013 Total revenues and expenditures by expense type for the Operating Fund for 2013‐2014 are reported on page one, behind  the tab Detailed Financial Statements. Highlights of financial activities year‐to‐date are as follows: Revenues  State Appropriations received year to date totaled $23,490,243, 3.7% below last year.   The reduction is namely due  to one‐time funding issued to community colleges for the previous biennium.  Under Article IX, the state provided  this supplemental funding in the prior biennium of $1.4M per year.  The state adopted a new funding formula during  the 83rd Legislative Session; 10% of appropriations will be based on student success points and must be earned.   However, for the first biennium, the state waived the use of the formula and will grant each community college full  funding.  Total biennium funding was reduced by 1.5% compared to the previous biennium.  Total appropriations  received are expected to be $69,202,364.  Ad Valorem Tax collections totaled $2,581,543 year‐to‐date.  The tax rate for FY 2014 will remain the same as the  prior year tax rate at $0.097173. However, the proportion of tax revenue applied to operations will decrease this  year due to the increase in tax revenue applied to debt service.  We project that the total tax revenue for the fiscal  year will be $101,478,107, which is a 5% decrease compared to the previous year.  Tuition and Fees net revenue year to date totaled $56,815,903 which is 4.9% lower than the same time last year.  Fall  2013 enrollment shows a 1.3% decrease to‐date.  We are projecting tuition and fees revenue to be $105,954,870.  Tuition & Fee‐Extended Learning receipts totaled $2,181,897 year to date, 1.9% below last year.  Total tuition and  fees‐Extended Learning at fiscal year end are expected to be $6,100,073. Total revenue collections, net of exemptions and waivers, totaled $85,832,367 year‐to‐date.  Revenue, net of  exemptions & waivers, and transfer‐ins are expected to be $307,216,933 at fiscal year end.  Expenditures   Total Salaries are $44,883,275 year‐to‐date, 3.3% above the previous year, namely due to the 3% annual salary  increases.  Total salaries at year end are expected to be $172,800,520.  Benefits costs totaled $5,811,553 year‐to‐date, 31.7% above last year.  This increase is due namely to  the reduction  in the state's contribution to TRS and ORP and an increase in health insurance premiums.  Total benefits at fiscal year  end are expected to be $20,686,869.  Other Departmental expenses in the Auxiliary Fund total $1,912,249, year‐to‐date.  Expenses of $1.6M are attributed  to Yaffe/Duetser & Dynamo Soccer for marketing/recruiting related expenses.  Athletic Field Project ‐ In April 2012, the Board approved approximately $4.1M in Auxiliary funds for six athletic  fields.  This amount has been set aside from the Auxiliary Fund Balance. Total operating fund expenditures year‐to‐date total $76,117,506.  We are projecting expenditures to be  $308,261,885 at fiscal year end. i
  • 4. Managements Discussion and Analysis Thru November 30, 2013  Budget Priorities funding allocated for the year are detailed below through November 30, 2013.  Budget Commitments/ Priority Funding Budget Expense: Position Management $       2,374,415 1 New Funding Requests Increase in FT Faculty to Meet SACS Requirement QEP Additional Funding Investment in Retention and Completion Faculty Compensation Committee Request Police Staffing ($6.6M over 5 years) Security Upgrades ($4M over 4 years) Designated Fund Balance Transfer Other            5,535,476          1,300,000             125,000          2,500,000             527,000          1,320,000          1,000,000                       ‐               49,500 Total Budget Commitments/Priorities $       14,731,391 1 Items requested during the budget planning process for new funding (i.e. Equipment, personnel, adjunct faculty  funding, etc..) ii
  • 5. Operating Statement ‐ Unaudited Fund Balalnces (Across all Funds) as of November 30, 2013 Funds Unrestricted Restricted Auxiliary1 Loan &  Endowments  Scholarship 7    Agency           Unexpended Plant Retire of Debt  Invest in Plant      PFC  Grand Total Fund Balance as of 9/1/2013  $       90,782,747   $    8,722,535   $       9,422,619   $              509,932   $          705,617   $            (59,611)  $              3,178,982   $           9,482,219   $           224,314,173   $     (6,325,820)  $     340,733,392  Revenue2           85,832,367          8,251,027            5,264,847                              ‐            45,229,471                          10                    1,338,640                3,585,850                                  ‐                     3,849           149,506,059  Expenses Salaries Employee Benefits Supplies & General Exp Travel Marketing Costs Rentals & Leases Insurance/Risk Mgmt Contracted Services Utilities 3 Other Departmental Expenses Instructional and Other Materials  Maintenance and Repair 6 Transfers In/Out Debt Capital Outlay Depreciation Scholarship Distribution Total Expenses Net of Revenue/Expenses Fund Balance Entries Debt Funded Fund Balance as of 11/30/2013           44,883,275             5,811,553             1,339,388                 261,797                 259,650                 554,421             6,465,876             4,738,218             1,561,687              264,407                       ‐                       ‐                       ‐                       ‐                       ‐                       ‐                       ‐                       ‐                        ‐                        ‐                        ‐                        ‐                        ‐                        ‐                        ‐                        ‐                        ‐                        54,302                        11,960                                ‐                                ‐                                ‐                              326                                ‐                      100,409                                ‐                           ‐                           ‐                           ‐                           ‐                           ‐                           ‐                           ‐                      29,518                           ‐                               ‐                               ‐                               ‐                               ‐                               ‐                               ‐                               ‐                               ‐                               ‐                       ‐                       ‐                       ‐                       ‐                       ‐                       ‐                       ‐                       ‐                       ‐           48,818,527             8,434,749             1,615,637                 309,582                   285,093                   610,531               6,466,706             5,900,242             1,636,801                 425,793             15,198          2,080,784                           ‐ 4 & 5        1,661,399        2,238,548             53,239             31,074               3,336             41,045                     550           823,166                    ‐                         ‐                        ‐                                ‐                           ‐                               ‐                       ‐             2,521,776             2,441,634             29,361                  71,448                           ‐                 368,395           134,862                   2,916                           ‐                       ‐                        ‐                 40,326                        ‐                      120,994                           ‐                      115,110                           ‐                               ‐                               ‐                       ‐                       ‐             2,663,438                 661,610               5,085,523                   31,741             1,888,556                         ‐                          ‐                        ‐                        ‐                        ‐                  (4,095,000)                                ‐                 28,356,217                                ‐                               ‐                               ‐                               ‐                     4,772,537                       ‐               615,397                       ‐                       ‐                            (0)             4,315,759           30,342,560             4,772,537           76,117,506        5,031,778          9,236,659                           ‐         (1,416,902)                       ‐                       ‐                       ‐        46,350,718        45,238,549                        ‐                 24,664,319                      29,518                     4,772,537               615,397         119,355,546             9,714,860        3,219,249         (3,971,812)                           ‐                  (9,079)                         10                (23,325,679)              3,556,331                  (4,772,537)            (611,549)          (16,200,205)                    ‐                      ‐                      ‐                      ‐            1,955,144               372,687               223,010                  16,711                  22,108                  14,739                      280               208,931                  75,114          4,095,000                       ‐                  97,787                       ‐                           ‐                           ‐                           ‐                           ‐                           ‐                           ‐                           ‐                           ‐                           ‐                           ‐                           ‐                           ‐                           ‐              (7,328)             (3,668,621)              3,668,621                           ‐                           ‐                   7,249,921                     1,532,808             8,775,401                          ‐ $     100,497,607 $    11,934,455 $       5,450,806 $              509,932 $            696,538 $            (59,601) $           (12,896,776) $         13,038,551 $           221,074,444 $       (6,937,369) $      333,308,588 1  Inculdes Foundation expenses of approx. $1.5M (since inception) supplemental funding approved by the Board. 2  Revenue in Unrestricted Fund is shown net of Exemptions/Waivers, namely $3.5M for Dept. of Corrections & Dual Credit waivers. 3  Institution‐wide is inclusive of colleges and/or system administration expenditure (ie. Accredition fees, Graduation Expense, Elections Expense). 4  Expenses of $2,441,634 in the Unrestricted Fund includes, not limited to, classroom materials such as workbooks, textbooks, music supplies, physical education supplies, art materials    and the maintenance of theses instructional materials/equipment.  5  Expenditures of $65,458 in the Auxiliary category is attributed to NEO Café. 6  Items in this category include all student revenue bond payments, transfers for scholarship matching funds,    and transfers to the Unexpended Plant Fund. 7  Items in this category are funded through Bonds. *HCC has adopted and adheres to GASB 34(1999) , GASB 54(2010) and OMB 134(1993).  The college has received unqualified audit opinions since the adoption of each. 1
  • 6. HOUSTON COMMUNITY COLLEGE 2013‐2014 Budget vs. Actuals as of November 30, 2013   HCCS CURRENT UNRESTRICTED FY2013 Actuals REVENUES State Appropriations Ad Valorem Taxes Tuition, Net Budget $       70,014,003        106,097,476         40,063,500         63,996,717           2,184,999           6,400,587 $         69,202,364          101,478,107            41,453,277            64,922,582                2,543,140                6,565,665 Year‐to‐Date Actuals  Thru November 30,  Actuals  as a  2013 % of Budget $     23,490,243          2,581,543        21,734,242         35,081,661              607,869           2,181,897 33.9% 2.5% 52.4% 54.0% 23.9% 33.2%              517,655                           ‐ Assigned Fund Balance Transfers In3 FY2013 Purchase Order Rolls                           ‐ Total Revenues $   289,274,937                  434,410             154,912            14,731,391                          ‐                6,772,578                           ‐ $       308,103,514 $     85,832,367 35.7% 0.0% 0.0% 27.9% EXPENSES Salaries Employee Benefits Supplies Gen Exp Travel Marketing Costs Rental & Leases Insurance/Risk Mgmt Contract Services4 Utilities Other Departmental Expenses5 Instructional & Other Materials Maintenance & Repair Transfers/Debt Budget Commitments Capital Outlay      Total Expenses  REVENUES H/(L) Vs EXPENSES          172,588,406        44,883,275            18,152,880          5,811,553              6,082,147          1,339,388              1,155,660             261,797              1,642,852             259,650              3,883,181             554,421              7,052,666          6,465,876            25,915,119           4,738,218            11,322,831          1,561,687              2,090,033              425,793            12,263,623          2,441,634              1,718,949             368,395            31,686,352          5,117,264              4,017,526                          ‐              8,531,289          1,888,556 $       308,103,514 $     76,117,506 $        9,714,861 26.0% 32.0% 22.0% 22.7% 15.8% 14.3% 91.7% 18.3% 13.8% 20.4% 19.9% 21.4% 16.1% 0.0% 22.1% 24.7% Fees1 Other Local Income2 Tuition & Fee, Net  ‐‐ Extended Learning Grant Revenue        158,833,961         18,704,344           5,216,679              883,137           1,350,751           2,234,487           6,521,682         21,328,764           8,414,469           1,799,321           6,263,298           1,082,934         33,095,470                           ‐           4,451,702 $   270,180,997 $       19,093,940 Unrealized Budget $        45,712,121 $      24,385,875          98,896,564         1,705,447          19,719,035       23,324,561           29,840,921       36,403,062             1,935,271            480,048             4,383,768          2,224,042                279,498            124,614          14,731,391                     ‐             6,772,578                      ‐ $      222,271,147 $      88,647,648        127,705,131       43,431,053          12,341,327         4,413,949            4,742,759         1,180,097                893,863            157,433            1,383,202            383,941            3,328,760            677,870                586,790         6,518,690          21,176,901         3,638,877            9,761,144         1,752,050            1,664,239            567,458            9,821,989         1,541,859            1,350,554              99,337          26,569,089         5,083,281            4,017,526                     ‐            6,642,733            114,986 $      231,986,007 $      69,560,880 $      19,086,768 1  Fees charged to student include: Out‐of‐District fees, Technology fees, lab fees, etc. Includes interest & dividends income, fines & penalties and parking fines 3  Planned Fund Balance transfer and additional budget commitments related to Student Services & Instruction     as approved by the Board during the budget process. 2  4 Projected  Actuals %  Year‐to‐Date  Projected 2013‐ 2013‐2014  2013‐2014  Actuals Thru  Inc/(Dec) vs. 2012‐ Inc/(Dec)YTD  Projected Actuals  2014 Inc/(Dec) vs.  Inc/(Dec) vs.  2013 vs. PriorYTD @ 8/31/2014 November 30, 2012 Budget Adj Budget %  Contracted Services includes consulting, auditing and maintenance & ground services. 5  Institution‐wide is inclusive of colleges and/or system administration expenditure (ie. Accreditation fees,     Graduation Expense, Elections Expense). 2 $      (895,632)         876,096     (1,590,318)     (1,321,401)         127,821 ‐3.67% 51.37% ‐6.82% ‐3.63% 26.63%    69,202,364 101,478,107    41,032,288    64,922,582      2,543,140                     ‐                     ‐           (420,989)                     ‐                     ‐ 0.00% 0.00% ‐1.02% 0.00% 0.00%           (42,145)           30,298                  ‐                   ‐ $   (2,815,281) ‐1.89% 24.31% 0.00% 0.00% ‐3.18%         6,100,073              (465,592)          434,410                     ‐    14,731,391                     ‐         6,772,578                      ‐ 307,216,933           (886,581) ‐7.09% 0.00% 0.00% 0.00% ‐0.29%      1,452,222      1,397,604         159,291         104,365        (124,291)        (123,448)          (52,814)      1,099,341        (190,363)        (141,665)         899,774         269,058           33,982                  ‐      1,773,570      6,556,626 3.34% 31.66% 13.50% 66.29% ‐32.37% ‐18.21% ‐0.81% 30.21% ‐10.87% ‐24.96% 58.36% 270.85% 0.67% 0.00% 1542.42% 9.43% 172,800,520    20,686,869      6,082,147      1,155,660      1,642,852      3,883,181      7,052,666    25,915,119    11,065,691      1,847,120    10,175,944      1,718,949    31,686,352      4,017,526      8,531,289 308,261,885 $   (1,044,952)             212,114         2,533,989                     ‐                     ‐                     ‐                     ‐                     ‐                     ‐           (257,140)           (242,913)        (2,087,679)                     ‐                     ‐                     ‐                     ‐             158,372 $      (1,044,952) 0.12% 13.96% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% ‐2.27% ‐11.62% ‐17.02% 0.00% 0.00% 0.00% 0.00% 0.05%
  • 7. HOUSTON COMMUNITY COLLEGE SYSTEM Auxiliary Budget By Fund as of November 30, 2013 Auxiliary Funds1 3101‐3100         Main Leasing Auxiliary2 Assigned Fund Balance at  August 31, 2013 3111   International  4 Student Services 3110 Foundation3 3207   3201              International  Cafe Club NEO  3100 Main Initiatives5 3208             Saudi Consulting  Services6 3209             Qatar Subtotal Marketing $    18,913,317 $     7,766,831 $          (1,458,032) $          (16,164,079) $     (1,158,351) $     (1,435,926) $           (43,204) $        203,712 $     1,040,292 $        7,664,560 FY2013  Revenue              1,374,307               804,915                                  ‐  Salaries                    77,955               166,953                        25,958                   81,280                   67,445            1,483,673             1,903,264  Benefits                    20,276                 43,151                            5,176                   19,487                   17,017               258,086                 363,192  Supplies Gen Exp                      2,976                 24,738                            7,646                     4,066                           25                    1,596                   41,047                         378                 11,673                   15,691  Travel                  22,108  Rental & Leases                      1,339                 12,700  Contract Services                    39,469                 82,476                        51,519  Utilities                              ‐                 142,194                   2,599                            1,041  Marketing Costs                                      ‐                   73,864  Departmental Expenses   Instructional & Other  Materials   Maintenance & Repair                      1,250            4,148,675                   14,739                   75,114                    9,779             2,043,990                            5,231                   65,458                   70,689                     1,568                       198                              159                     1,750                     3,675                         28                           28                              ‐             4,095,000             4,095,000                     2,582                 95,205                   97,787  Total Expense              4,315,028               565,568                        97,379                 106,669                 157,685                         403                                          ‐ 1,764,808             8,919,788        (2,940,721)           239,347                    (97,379)               (1,912,249)            (106,669)              (15,492)               22,930                         ‐              39,119        (4,771,113) Net Assigned Fund Balance  1           1,803,926                 173,464  Exemptions and Waivers  Contribution to Fund Balance                           ‐                   22,108                         700               115,412                              649                     1,912,249                     5,902  Insurance/Risk Mgmt  Transfer7  Capital Outlay                   23,333 $    15,972,596 $     8,006,178 $          (1,555,411) $          (18,076,328) $     (1,265,020) $     (1,451,418) $           (20,273) $        203,712 $     1,079,410 $        2,893,447 Restricted by limitations; must comply with laws, statues and regulations. 2 Common Area ‐ Revenue in this category include bookstore commission, facility rental income and child day care revenue. 3 Approx. $1.5M (since inception) supplemental funding, approved by the Board. Return on Investment (ROI) is approximately 3:1. 4   Activity in this fund is related to International Student Support. 5  Revenue is associated with Saigon Tech 6  Fund Balance  is comprised of Settlements from NCAAA Contract & Education Experts Co. 7  In April 2012 the Board approved approx. $4.1M in auxiliary funds for six  athletic fields. 3
  • 8. HOUSTON COMMUNITY COLLEGE SYSTEM Auxiliary Budget By Fund as of November 30, 2013 Student Auxiliary Funds ‐ Committed1 3111                 3112                  3110             Student Activity Fee Student  Athletic Fee Student  Vending  Commission Committed Fund Balance at 8/31/13 Subtotal Grand Total $        234,880 $              841,755 $                 681,424 $        1,758,059 $        9,422,618 FY2013  Revenue                  49,353                      612,324                         455,875             1,117,552  Salaries                             9,081                           42,799                   51,880  Benefits           5,266,227                              123                             9,372                     9,495          1,955,144             372,687  Supplies Gen Exp                  18,879                      144,801                           18,283                 181,963             223,010  Travel                        340                              680                     1,020  Marketing Costs                               ‐               16,711               22,108  Rental & Leases                               ‐               14,739  Contract  Services   Utilities                    1,716                        22,604                           11,147                   35,467             208,931                              ‐  Departmental  Expenses   Instructional &  Other Materials                    5,000                            1,794                           30,000                   36,794               75,114          2,080,784                              ‐               70,689  Maintenance &  Repair   Insurance ‐ Risk  Mgmt   Exemptions and  Waivers   Transfer                               ‐                   3,675                              140                                 112                         252                     280                            1,380                     1,380                   1,380                              ‐          4,095,000               97,787  Capital Outlay   Total Expense                               ‐                 25,935                      180,604                         111,713                 318,251             9,238,039 Contribution to Fund Balance               23,418                  431,720                    344,162             799,301        (3,971,812) Net Committed Fund Balance $        258,299 $           1,273,475 $               1,025,586 $        2,557,359 $        5,450,806 1 Funds are committed for services related to students 4
  • 9. Houston Community College Balance Sheet By Fund For Month Ended November 30, 2013 CURRENT &  1 LOAN FUNDS PLANT & BOND  2 FUNDS  Total All Funds  ASSETS Current Assets: Cash &  cash equivalents Restricted cash & cash equivalents Short term Investments Accounts/Other receivable (net) Deferred charges Prepaids Total Current Assets $     73,373,135       13,372,875                         ‐       22,641,497            273,624              91,836     109,752,966 $         32,449,884         439,614,072                              ‐             1,323,022                              ‐                 881,112         474,268,090 $       105,823,019          452,986,946                               ‐            23,964,518                  273,624                  972,948          584,021,055 Non‐current Assets: Deferred charges, net Restricted long‐term investments Long‐term investments Capital Assets, net Total Non‐current Assets                         ‐                         ‐       18,693,093                         ‐       18,693,093                              ‐           34,623,714                              ‐         803,363,202         837,986,916                               ‐            34,623,714            18,693,093          803,363,202          856,680,009 Total Assets $  128,446,059 $   1,312,255,006 $     1,440,701,064 LIABILITIES Current Liabilities: Accounts payable Accrued liabilities Compensated absences Funds held for others Deferred revenue Notes payable‐current portion Bonds payable‐current portion Capital lease obligations‐current Total Current Liabilities         5,457,260                          ‐         2,261,499            652,090         1,043,984                         ‐                         ‐                         ‐         9,414,832             1,759,123                1,359,796                              ‐                 189,209                   99,215             7,495,000           18,535,000                              ‐           29,437,343                7,216,383                1,359,796                2,261,499                  841,299                1,143,199                7,495,000            18,535,000                               ‐            38,852,175 Non‐current Liabilities: Deposits Notes payable Bonds payable Capital lease obligations Total Non‐current Liabilities                         ‐                         ‐                         ‐                         ‐                         ‐                              ‐         169,521,887         766,497,828         106,230,726      1,042,250,441                               ‐          169,521,887          766,497,828          106,230,726       1,042,250,441 Total Liabilities $       9,414,832 $   1,071,687,784 $     1,081,102,616      110,083,838          236,975,374          347,059,212             3,591,846                5,744,540                3,202,852 3,591,846                     Fund Balance‐  August 31, 2013 Unaudited  Revenues Over Expenditures      Unrestricted      Restricted      Net Investment in Plant         5,744,540         3,202,852 Total Fund Balances, Unaudited $  119,031,230 $       240,567,221 $       359,598,450  Total Liabilities &  Fund Balances  $  128,446,061 $   1,312,255,005 $     1,440,701,064 1 2  I ncludes Unrestricted, Restricted, Loan & Endowment, Scholarship, Agency and Auxiliary Funds.  Includes Unexpended Plant, Retirement of Debt and Investment in Plant Funds. 5
  • 10. HOUSTON COMMUNITY COLLEGE FY 2013‐14 Adjusted Budget by Colleges as of November 30, 2013  TM   CENTRAL   NORTH WEST   NORTH EAST   SOUTH WEST   SOUTH EAST   COLEMAN   EXTENDED  LEARNING   SYSTEM   Grand Total  Salaries $    24,437,428 $    24,374,113 $    18,994,386 $    26,509,425 $    15,227,752 $    10,727,799 $    10,915,989 $        41,401,514 $       172,588,406 Employee Benefits                      ‐ Supplies & Gen             243,007             337,053             184,403             248,260             242,582             325,402             226,896             4,052,014             5,859,617 Travel 603,855             1,155,660             112,415             100,957               34,031               64,783               52,539               97,092               89,988                  Marketing Costs               51,979               46,485               85,322               29,306               77,434               40,823             378,606                  923,037             1,632,992 Rentals & Leases                   6,810             140,016          1,013,195             528,171               81,484             482,744               26,530             1,587,778             3,866,728 Insurance/Risk Mgmt                     794                     168 Contracted Services             320,942             315,291               53,877               57,472             121,280             384,845             347,232           22,968,949           24,569,888 Utilities                   5,025 Other Departmental Expenses               85,325               44,665               50,302               44,869             127,924             117,080               49,333             1,545,534             2,065,032 Instructional and Other Materials             481,862             311,436             144,574             278,542               61,456             365,910          1,107,638             7,722,434           10,473,852 Maintenance and Repair             138,195               46,839               41,883               90,485               35,172               87,207             168,950                  748,016             1,356,747 Transfers/Debt                      ‐                      ‐                      ‐                     154                      ‐           18,152,880           18,152,880                      ‐                   4,600                     362             845,806          5,637,942          1,200,000                      ‐             7,051,550             7,052,666           11,290,217           11,300,204                      ‐                      ‐           24,002,604           31,686,352 Budget Commitments/Priority Funding               18,861               28,943               49,640               50,000               49,662               42,341 Capital Outlay             468,847             696,435               79,377             279,431               57,629               55,205             153,995             3,761,467             5,552,386 FY2013 Purchase Order Rolls Grand Total             3,778,079             4,017,526             6,772,578             6,772,578 $ 26,371,490 $ 27,288,207 $ 26,373,532 $ 29,381,260 $ 16,134,914 $ 12,726,448 $ 13,465,157 $  156,362,506 $  308,103,514 6
  • 11. Exemptions & Waivers Thur November 30, 2013 Account FY 2012‐13 Year‐to‐Date   End of Year  Activity thru  Activity  11/30/2012 FY 2013‐14  Year‐to‐Date  Activity thru  11/30/2013  Tuition Budget: Adjusted Budget FY 2013‐14, Net Revenues Received: Tuition Waivers & Exemptions: Dual Credit Other Total Waivers & Exemptions Total Tuition Revenue, Net $         41,453,277          46,926,645          27,095,290           25,798,382           (4,877,897)           (1,985,247)           (6,863,144) $        40,063,501           (2,766,119)           (1,004,610)           (3,770,729) $        23,324,561            (2,819,026)            (1,245,114)            (4,064,140) $          21,734,242 Tuition ‐ Extended Learning Budget: Budget FY 2013‐14, Net $           6,565,665 Revenues Received: Tuition Waivers & Exemptions: Corrections Total EL Tuition Revenue, Net            8,677,989            2,821,750             2,858,078           (2,277,402)              (597,708)               (676,181) $          6,400,587 $          2,224,042 $           2,181,897 FY 2012‐13 FY 2013‐14 Exemptions & Waivers Dept of Corrections Dual Credit Waiver Year‐to‐Date   Year‐to‐Date   Actuals %  Activity thru  Inc/(Dec)YTD   End of Year  Activity thru  Activity  11/30/2012 11/30/2013  vs. PriorYTD  $          2,277,402 $             597,708 $              676,181 13.13%            4,877,897            2,766,119             2,819,026 1.91% Other: Employee Fee Exemptions Firemen Hazelwood Deaf & Blind High Ranking Hi SCH Grad Child of Disabled Vet ETC Emp of State Coll & Univ Nonres Teach/Research Asst Nonres Competitive Scholar Senior Citizens Misc Tuition/Fees Waivers Refugee Waiver Foster Children‐Resident Undocumented Students TX Tomorrow Waiver Surviving Spouse/Children Peace Officer Exemption Stipends Total Other Exemptions Grand Total Exemptions & Waivers                  70,071                  36,691                  25,475                  14,333            1,266,190                599,026                258,017                171,501                    2,418                    1,271                    1,686                    2,248                       319                        ‐                  10,443                    6,107                    2,301                    1,062                  15,857                    7,904                        ‐                        ‐                        ‐                      (162)                304,145                158,693                        ‐                        ‐                        ‐                        ‐                        ‐                        ‐                  14,275                    5,936                  14,050                        ‐            1,985,247            1,004,610 $          9,140,546 $          4,368,437 7                   38,138                     8,389                  887,766                  116,419                        558                         ‐                         ‐                     2,655                     6,124                     9,166                        576                        183                  161,494                     7,379                     3,708                     2,119                        440                         ‐             1,245,114 $           4,740,321 3.94% ‐41.47% 48.20% ‐32.12% ‐56.10% ‐100.00% 0.00% ‐56.53% 476.65% 15.97% 0.00% ‐212.96% 1.77% 0.00% 0.00% 0.00% ‐92.59% 0.00% 23.94% 8.51%