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  • 1. Summary Operating Statements For the Period September 1, 2013 ‐ April 30, 2014 For the Meeting of the Board of Trustees ‐ May 15, 2014 for Houston Community College System & Houston Community College Public Facility Corporation
  • 2. Memorandum Management Discussion & Analysis i 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 6 Budgets Adjusted Budgets by Division 7 Exemptions/Waivers Exemptions & Waivers Detail 8 Table of Contents For the Period September 1, 2013 ‐ April 30, 2014 For the Meeting of the Board of Trustees Houston Community College System
  • 3. Managements Discussion and Analysis Thru April 30, 2014 Revenues     Expenditures      Total revenues and expenditures by expense type for the Operating Fund for 2013‐2014 are reported on page one.  Highlights of financial activities year‐to‐date are as follows: State Appropriations received year to date totaled $42,925,768, 2.3% 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 $110,021,187 year‐to‐date.  The tax rate for FY 2014 remains the same as the  prior year tax rate at $0.097173.  However, the tax rate applied to operations decreased proportionally this year due  to the increase in the tax rate related to debt service. Tax revenue generated by the applied tax rate is trending  higher than budget plan by approximately 8% due to higher than anticipated increases in property valuations within  the taxing district.  We project that the total tax revenue for the fiscal year will be $112,151.493. Tuition and Fees net revenue year to date totaled $94,763,887 which is 1.2% lower than the same time last year.  Fall  2013 enrollment decreased 1.2%; SCH ‐1.1%, and Spring 2014 enrollment is down 3.4%; SCH ‐1.9% to‐date compared  to last year.  We are projecting tuition and fee revenue  to be $102,409,606 at fiscal year‐end; 3.7% below budget  plan.  Tuition & Fee‐Extended Learning receipts totaled $5,262,311 year to date, 0.4% below last year.  Total tuition and  fees‐Extended Learning at fiscal year end are expected to be $6,565,665. Total revenue collections, net of exemptions and waivers, totaled $254,998,462 year‐to‐date.  Total revenue received  at fiscal year‐end is expected to be $293,196,587; which is 2.3% above budget plan. Benefits costs totaled $12,407,703 year‐to‐date, 3.8% 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.  Due to TRS rule changes,  benefits at year‐end are expected to increase by $1.5M.  Total benefits at fiscal year end are expected to be  $19,496,331. Total Salaries are $113,211,188 year‐to‐date, 4% above the previous year, namely due to the 3% annual salary  increases.  Salary expense at year‐end is expected to increase by $1.5M due to changes in TRS guidelines.  Total  salaries at year end are expected to be $169,920,916. Contracted services year‐to‐date totaled $14,702,425, 13.4% above the previous year.  The increase is namely due to  an increase in janitorial, security and facility maintenance.  Additional IT projects also contributed to the increase.   Total Contracted Services  at year‐end are expected to be $27,092,894. i Athletic Field Project ‐ In April 2012, the Board approved approximately $4.1M in Auxiliary funds for athletic fields.   This amount has been set aside from the Auxiliary Fund Balance.
  • 4. Managements Discussion and Analysis Thru April 30, 2014   Budget Priorities funding allocated for the year are detailed below through April 30, 2014.  Budget Commitments/ Priority Funding Expense: Position Management New Funding Requests1 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 ($4M over 4 years) Designated Fund Balance Transfer Other Total Budget Commitments/Priorities 527,000            1,320,000         1,000,000         49,500               14,731,391$       1 Items requested during the budget planning process for new funding (i.e. Equipment, personnel, adjunct faculty  funding, etc.) ‐                      ii 125,000            2,500,000         Total operating fund expenditures year‐to‐date total $195,937,242.  We are projecting expenditures to be  $302,920,757 at fiscal year end. Budget 2,374,415$        5,535,476           1,300,000         Instructional & Other Materials year‐to date totaled $5,217,080, 24.4% above last fiscal year.  IT upgrades and  additional software contributed to the increase.  Expenses in this area are expected to be $9,368,610 at year end.
  • 5. Unrestricted Restricted Auxiliary1 Loan &  Endowments  Scholarship Agency           Unexpended Plant 7    Retire of Debt  Invest in Plant      PFC  Grand Total Fund Balance as of 9/1/2013, Audited  $       89,452,802   $    8,722,535   $       9,026,196   $              509,932   $          705,617   $            (59,611)  $              3,149,255   $           9,482,219   $           224,400,116   $     (6,325,820)  $     339,063,240  Revenue2         254,998,463       21,543,653          12,754,864                              ‐            92,926,207                          10                    2,484,672              33,587,037                    2,050,009                   4,084           420,348,998  Expenses Salaries 113,211,188         4,236,742        4,803,344          ‐                           977,907              ‐                        144,805                     ‐                           ‐                               ‐                      123,373,986         Employee Benefits 12,407,703           9,108,163        931,176              ‐                           ‐                      ‐                        31,895                        ‐                           ‐                               ‐                      22,478,935           Supplies & General Exp 3,155,743             171,360           603,838              ‐                           ‐                      ‐                        30,302                        ‐                           ‐                               ‐                      3,961,243             Travel 641,102                127,035           120,565              ‐                           ‐                      ‐                        ‐                               ‐                           ‐                               ‐                      888,702                 Marketing Costs 727,170                24,810             24,582                ‐                           ‐                      ‐                        1,300                           ‐                           ‐                               ‐                      777,863                 Rentals & Leases 1,689,164             79,582             41,315                ‐                           ‐                      ‐                        1,681                           ‐                           ‐                               ‐                      1,811,742             Insurance/Risk Mgmt 6,461,976             5,500               3,528                  ‐                           ‐                      ‐                        ‐                               ‐                           ‐                               ‐                      6,471,004             Contracted Services 14,702,425           2,628,210        1,136,352          ‐                           ‐                      ‐                        287,218                     211,679                  ‐                               ‐                      18,965,885           Utilities 4,804,189             ‐                    285,735              ‐                           ‐                      ‐                        ‐                               ‐                           ‐                               ‐                      5,089,924             Other Departmental Expenses 3 1,738,326             50,537             3,851,205          ‐                           ‐                      ‐                        ‐                               ‐                           ‐                               ‐                      5,640,068             Instructional and Other Materials 4 & 5 5,217,080             148,128           167,742              ‐                           ‐                      ‐                        186,318                     ‐                           ‐                               ‐                      5,719,267              Maintenance and Repair 849,045                394,332           10,317                ‐                           245,090              ‐                        145,727                     ‐                           ‐                               ‐                      1,644,511             Transfers In/Out 6 25,771,405           ‐                    4,095,000          ‐                           (2,910,157)         ‐                        5,298,142                  (32,254,390)           ‐                               ‐                      (0)                            Debt 96,691                  ‐                    6,005                  ‐                           ‐                      ‐                        430,495                     55,710,726            ‐                               3,076,987          59,320,903           Capital Outlay 4,464,035             314,513           97,787                ‐                           ‐                      ‐                        63,937,755                ‐                           ‐                               135,242              68,949,332           Depreciation ‐                          ‐                    ‐                      ‐                           ‐                      ‐                        ‐                               ‐                           12,700,879                 ‐                      12,700,879           Scholarship Distribution 94,695,029        94,695,029           Total Expenses 195,937,242         17,288,912      16,178,490        ‐                           93,007,868        ‐                        70,495,638                23,668,015            12,700,879                 3,212,228          432,489,273         Net of Revenue/Expenses 59,061,221           4,254,741        (3,423,626)         ‐                           (81,661)               10                         (68,010,966)               9,919,022              (10,650,870)               (3,208,144)         (12,140,274)          Fund Balance Entries (534,916)               (148,343)             80,680,562                9,950,585                   89,947,888           Debt Funded ‐                          Fund Balance as of 04/30/2014 147,979,106$      12,977,276$    5,602,570$        509,932$               475,612$            (59,601)$             15,818,851$              19,401,241$          223,699,831$            (9,533,965)$       416,870,853$       1  Inculdes Foundation expenses of approx. $1.6M (since inception) supplemental funding approved by the Board. 2  Revenue in Unrestricted Fund is shown net of Exemptions/Waivers, namely $6M 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 $5,217,080 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 $157,046 in the Auxiliary category is attributed to NEO Café. 6  Items in this category include all student revenue bond payments, transfers for scholarship matching funds,    and transfers to the Unexpended Plant Fund. 7  Items in this category are funded through Bonds. *HCC has adopted and adheres to GASB 34(1999) , GASB 54(2010) and OMB 134(1993).  The college has received unqualified audit opinions since the adoption of each. Funds Operating Statement ‐ Unaudited Fund Balances (Across all Funds) as of April 30, 2014 1
  • 6. FY2013 Actuals Budget Year‐to‐Date  Actuals Thru April  30, 2014 Actuals  as a  % of Budget Unrealized Budget Year‐to‐Date  Actuals Thru April  30, 2013 2013‐2014  Inc/(Dec) vs. 2012‐ 2013 Actuals %  Inc/(Dec)YTD  vs. PriorYTD Projected Actuals  @ 8/31/2014 Projected 2013‐ 2014 Inc/(Dec) vs.  Budget Projected  2013‐2014  Inc/(Dec) vs.  Adj Budget % REVENUES State Appropriations 70,014,003$       69,202,364$         42,925,768$      62.0% 26,276,596$        43,940,787$      (1,015,019)$     ‐2.31% 69,202,364      ‐                     0.00% Ad Valorem Taxes 106,097,476       101,478,107         110,021,187     108.4% (8,543,080)          103,009,835     7,011,352       6.81% 112,151,493    10,673,386       10.52% Tuition, Net 40,063,500         41,453,277           36,353,366       87.7% 5,099,911            37,298,467       (945,101)         ‐2.53% 39,134,179      (2,319,098)       ‐5.59% Fees1 63,996,717         64,922,582            58,410,521         90.0% 6,512,061              58,645,336       (234,815)         ‐0.40% 63,275,428      (1,647,154)       ‐2.54% Other Local Income2 2,184,999           2,543,140               1,576,271           62.0% 966,869                 1,589,153         (12,882)            ‐0.81% 2,247,796        (295,344)           ‐11.61% Tuition & Fee, Net  ‐‐ Extended Learning 6,400,587           6,565,665               5,262,311           80.1% 1,303,354              5,280,994          (18,683)              ‐0.35% 6,565,665          0                          0.00% Grant Revenue 517,655              434,410                 449,039            103.4% (14,629)                347,031            102,008           29.39% 619,663            185,253            42.64% Total Revenues 289,274,937       286,599,545         254,998,462     89.0% 31,601,083         250,111,602     4,886,861       1.95% 293,196,587    6,597,042         2.30% Assigned Fund Balance Transfers In3 Assigned Fund Balance Transfers In3 ‐                           14,731,391           ‐                         0.0% 14,731,391         ‐                    ‐                   0.00% 14,731,391      ‐                     0.00% FY2013 Purchase Order Rolls ‐                           6,772,578               ‐                           0.0% 6,772,578              ‐                      ‐                     0.00% 6,772,578          ‐                       0.00% Total Assigned FB Transfers In ‐                           21,503,969            ‐                           ‐                 21,503,969           ‐                      ‐                     ‐              21,503,969        ‐                       ‐                   Total Revenues Plus Assigned FB Transfer In 289,274,937$     308,103,514$       254,998,462$    82.8% 53,105,052$        250,111,602$    4,886,861$      1.95% 314,700,556$   6,597,042$        2.14% EXPENSES Salaries 158,833,961       173,919,537         113,211,188     65.1% 60,708,349         108,908,174     4,303,014       3.95% 169,920,916    (3,998,621)       ‐2.30% Employee Benefits 18,704,344         18,154,720           12,407,703       68.3% 5,747,017            11,952,092       455,611           3.81% 19,496,331      1,341,611         7.39% Supplies Gen Exp 5,216,679           6,191,390              3,155,743         51.0% 3,035,647            3,162,530         (6,787)              ‐0.21% 5,737,537        (453,852)           ‐7.33% Travel 883,137              1,244,218              641,102            51.5% 603,116               504,397            136,705           27.10% 1,125,991        (118,227)           ‐9.50% Marketing Costs 1,350,751           1,293,337              727,170            56.2% 566,167               816,397            (89,227)            ‐10.93% 1,293,337        ‐                     0.00% Rental & Leases 2,234,487           3,798,332              1,689,164         44.5% 2,109,168            1,584,975         104,188           6.57% 3,798,332        ‐                     0.00% Insurance/Risk Mgmt 6,521,682           7,052,698              6,461,976         91.6% 590,722               6,506,299         (44,324)            ‐0.68% 7,052,698        ‐                     0.00% Contract Services4 21,328,764         27,092,894           14,702,425         54.3% 12,390,468         12,963,364       1,739,062       13.42% 27,092,894      ‐                     0.00% Utilities 8,414,469           11,369,205           4,804,189         42.3% 6,565,016            4,983,984         (179,794)         ‐3.61% 10,271,465      (1,097,741)       ‐9.66% Other Departmental Expenses5 1,799,321           2,557,524              1,738,326           68.0% 819,198               1,258,411         479,914           38.14% 2,557,524        ‐                     0.00% Instructional & Other Materials 6,263,298           9,512,242              5,217,080         54.8% 4,295,163            4,192,949         1,024,130       24.43% 9,368,610        (143,632)           ‐1.51% Maintenance & Repair 1,082,934           1,896,617              849,045            44.8% 1,047,572            347,785            501,260           144.13% 1,896,617        ‐                     0.00% Transfers/Debt 33,095,470         30,747,366           25,868,096       84.1% 4,879,270            27,482,475       (1,614,379)      ‐5.87% 30,747,366      ‐                     0.00% Budget Commitments ‐                           3,299,864              ‐                         0.0% 3,299,864            ‐                    ‐                   0.00% 2,817,462        (482,402)           ‐14.62% Capital Outlay 4,451,702           9,973,571              4,464,035         44.8% 5,509,535            2,107,829         2,356,206       111.78% 9,743,677        (229,894)           ‐2.31%      Total Expenses  270,180,997$     308,103,514$       195,937,242$    63.6% 112,166,272$      186,771,663$    9,165,579       4.91% 302,920,757    (5,182,757)       ‐1.68% NET REVENUE Incr/(Decr) Vs EXPENSES 19,093,940$       59,061,220$      63,339,938$      (9,724,169)$      11,779,800$     1  Fees charged to student include: Out‐of‐District fees, Technology fees, lab fees, etc. 2  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. 4  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). HOUSTON COMMUNITY COLLEGE 2013‐2014 Budget vs. Actuals as of April 30, 2014   HCCS CURRENT UNRESTRICTED 2
  • 7. 3101‐3100         Main Leasing 3104 ‐ Minority  Business  Development  Agency Misc. Auxiliary2 Foundation3 Marketing Bookstore  Commission Total Auxiliary  (3110) 3111   International  Student  Services4 3201             Cafe Club NEO  3100 Main Subtotal 18,607,266$     ‐$                      (13,197,204)$         (1,458,032)$             (16,170,934)$    20,828,597$     (9,997,573)$      (1,160,839)$     (1,435,926)$     6,012,927$      FY2013  Revenue  3,569,457              10,625                      325,428                    ‐                                    ‐                             1,938,886             2,264,314            ‐                           310,465             6,154,861           Salaries  203,768                 428,507                      55,206                           483,712                 210,214               181,908               1,079,603             Benefits  55,036                   106,459                      10,875                           117,334                 49,421                  45,491                  267,282                Supplies Gen Exp  27,180                   53,494                        8,047                             61,541                   11,300                  100,020                Travel  4,972                           3,445                             8,417                     8,417                     Marketing Costs  24,582                        24,582                   24,582                   Rental & Leases  2,674                     28,225                        28,225                   700                       31,599                   Contract Services  611,521                 194,478                      63,279                           257,757                 869,279                Utilities  283,683                 ‐                              2,051                    285,735                Departmental Expenses  1,500                     275,331                      5,643                             3,457,769              3,738,743              18,556                  3,758,799             Instructional & Other  Materials  600                         10,096                           10,096                   157,046               167,742                Maintenance & Repair  3,020                     508                              508                         6,779                    10,307                   Insurance/Risk Mgmt  28                                28                           28                           Exemptions and Waivers  2,065                           2,065                     2,065                    Transfer/Debt5 4,101,005              ‐                              4,101,005             Capital Outlay  2,582                     95,205                        95,205                   97,787                   Total Expense  5,292,570             ‐                                 1,213,856                   156,589                         ‐                              4,828,215             278,191               405,274               10,804,250          Contribution to Fund Balance (1,723,113)        10,625                  (888,428)                (156,589)                   (3,457,769)        1,938,886          (2,563,901)        (278,191)          (94,810)             (4,649,389)       16,884,153$     10,625$                (14,085,632)$         (1,614,622)$             (19,628,703)$    22,767,483$     (12,561,474)$    (1,439,030)$     (1,530,736)$     1,363,537$      1 Restricted by limitations; must comply with laws, statutes and regulations. 2 Common Area ‐ Expenditures in this category include mailroom, child day care, Minority Male Initiative, Govt. Relation, Mobile Go, etc. 3 Approx. $1.6M (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  In April 2012 the Board approved approx. $4.1M in auxiliary funds for athletic fields. HOUSTON COMMUNITY COLLEGE SYSTEM Auxiliary Budget By Fund as of April 30, 2014 Net Assigned Fund Balance  Assigned Fund Balance at  August 31, 2013 3 Auxiliary Funds1 3110
  • 8. HOUSTON COMMUNITY COLLEGE SYSTEM Auxiliary Budget By Fund as of April 30, 2014 3207         International  Initiatives2 3208                 Saudi Consulting  Services3 3209                  Qatar Subtotal (43,204)$               203,712$               1,040,292$               1,200,800$        FY2013  Revenue  23,333                      ‐                                 4,666,867                    4,690,200             Salaries  3,552,886                      3,552,886               Benefits  635,922                         635,922                  Supplies Gen Exp  279                            6,251                             6,530                      Travel  1,863                         12,836                           14,698                    Marketing Costs  ‐                               Rental & Leases  ‐                               Contract Services  90,000                           90,000                    Utilities  ‐                               Departmental  Expenses  9,983                             9,983                      Instructional &  Other Materials  ‐                               Maintenance &  Repair  ‐                               Insurance/Risk  ‐                               Exemptions and  Waivers  ‐                              Transfer ‐                               Capital Outlay  ‐                               Total Expense  2,141                         ‐                                   4,307,878                     4,310,019              Contribution to Fund Balance 21,192                  ‐                               358,989                    380,181             (22,012)$               203,712$               1,399,281$               1,580,981$        1 Restricted by limitations; must comply with laws, statutes and regulations. 2  Revenue is associated with Saigon Tech 3  Fund Balance  is comprised of Settlements from NCAAA Contract & Education Experts Co. Assigned Fund Balance at  August 31, 2013 Net Assigned Fund Balance  4 Auxiliary Funds1
  • 9. HOUSTON COMMUNITY COLLEGE SYSTEM Auxiliary Budget By Fund as of April 30, 2014 3110              Student Vending  Commission 3111                 Student Activity Fee 3112                  Student  Athletic Fee Subtotal Grand Total Committed Fund Balance at 8/31/13 291,716$              841,357$               679,397$                  1,812,469$        9,026,196$        FY2013  Revenue  122,087                    1,013,945                   791,582                         1,927,614              12,772,675         Salaries  10,200                      34,130                        126,525                         170,855                 4,803,344           Benefits  322                              27,649                           27,972                   931,176              Supplies Gen Exp  52,639                      392,390                      52,259                           497,288                 603,838              Travel  842                            72,883                        23,725                           97,449                   120,565              Marketing Costs  ‐                              24,582                 Rental & Leases  9,715                             9,715                     41,315                 Contract Services  2,316                         72,551                        102,207                         177,074                 1,136,352           Utilities  ‐                              285,735              Departmental  Expenses  18,112                      30,054                        34,257                           82,423                   3,851,205           Instructional &  Other Materials  ‐                              167,742              Maintenance &  Repair  10                                   10                           10,317                 Insurance ‐ Risk  Mgmt  1,771                           1,729                             3,500                     3,528                   Exemptions and  Waivers  15,434                        312                                 15,746                   17,811                 Transfer  ‐                              4,101,005           Capital Outlay  ‐                              97,787                 Total Expense  84,108                      619,535                      378,389                         1,082,032             16,196,301        Contribution to Fund Balance 37,979                  394,411                  413,193                    845,582             (3,423,626)        329,694$              1,235,768$            1,092,590$               2,658,052$        5,602,570$        1 Funds are committed for services related to students 5 Student Auxiliary Funds ‐ Committed1 Net Committed Fund Balance
  • 10.     CURRENT &  LOAN FUNDS 1 PLANT & BOND  FUNDS 2  Total All Funds  ASSETS Current Assets: Cash &  cash equivalents 136,185,174$  25,598,155$         161,783,329$        Restricted cash & cash equivalents 13,116,003      ‐                             13,116,003            Short term Investments ‐                        ‐                             ‐                              Accounts/Other receivable (net) 16,275,094      1,619,201             17,894,295            Deferred charges 273,624           ‐                             273,624                  Prepaids 71,897              881,112                953,009                  Total Current Assets 165,921,792    28,098,468          194,020,260          Non‐current Assets: Restricted cash & cash equivalents ‐                        384,180,913        384,180,913          Restricted long‐term investments ‐                        54,757,991          54,757,991            Long‐term investments 8,152,022        ‐                             8,152,022               Capital Assets, net ‐                        830,367,856        830,367,856          Total Non‐current Assets 8,152,022        1,269,306,760     1,277,458,782       Total Assets 174,073,814$  1,297,405,228$    1,471,479,042$     LIABILITIES Current Liabilities: Accounts payable 2,041,849        331,576                2,373,425               Accrued liabilities 779,530             24,649                    804,179                  Compensated absences 2,261,499        ‐                             2,261,499               Funds held for others 768,041           189,209                957,250                  Deferred revenue 738,001           99,215                  837,216                  Notes payable‐current portion ‐                        ‐                             ‐                              Bonds payable‐current portion ‐                        ‐                             ‐                              Capital lease obligations‐current ‐                        ‐                             ‐                              Total Current Liabilities 6,588,919        644,649                7,233,568               Non‐current Liabilities: Deposits ‐                        ‐                             ‐                              Notes payable ‐                        169,521,888        169,521,888          Bonds payable ‐                        766,123,043        766,123,043          Capital lease obligations ‐                        102,195,726        102,195,726          Total Non‐current Liabilities ‐                        1,037,840,657     1,037,840,657       Total Liabilities 6,588,919$       1,038,485,306$    1,045,074,225$      Fund Balance‐  August 31, 2013 Audited  108,357,470    237,031,590        345,389,060          Revenues Over Expenditures      Unrestricted 55,102,678      55,102,678                 Restricted 4,024,748        4,024,748                    Net Investment in Plant 21,888,333          21,888,333            Total Fund Balances, Unaudited 167,484,896$  258,919,923$       426,404,819$         Total Liabilities &  Fund Balances  174,073,815$  1,297,405,229$    1,471,479,042$     1  I ncludes Unrestricted, Restricted, Loan & Endowment, Scholarship, Agency and Auxiliary Funds. 2  Includes Unexpended Plant, Retirement of Debt and Investment in Plant Funds. Houston Community College Balance Sheet By Fund For Month Ended April 30, 2014 6
  • 11. as of April 30, 2014  TM   CENTRAL   NORTH WEST   NORTH EAST   SOUTH WEST   SOUTH EAST   COLEMAN   EXTENDED  LEARNING   SYSTEM   Grand Total  Salaries 23,995,731$     24,851,833$     18,957,200$     26,695,497$     15,452,830$     11,217,173$     10,472,344$     42,276,929$         173,919,537$       Employee Benefits ‐                      ‐                      ‐                      ‐                      1,840                  ‐                      ‐                      18,152,880           18,154,720           Supplies & Gen 333,174             407,692             217,363             329,710             276,047             361,488             183,247             4,082,697             6,191,419             Travel 122,981             145,000             34,820               72,012               52,522               116,567             69,540               630,776                 1,244,218             Marketing Costs 37,839               47,262               71,354               35,889               92,254               43,323               163,836             801,580                 1,293,337             Rentals & Leases 6,810                  142,173             958,739             534,591             80,752               469,051             28,633               1,579,637             3,800,386             Insurance/Risk Mgmt 906                     406                     50                       462                     ‐                      ‐                      ‐                      7,050,874             7,052,698             Contracted Services 331,938             316,738             86,263               63,346               119,639             387,225             25,192               26,020,226           27,350,567           Utilities 5,025                  68                       4,600                  1,590                  ‐                      ‐                      ‐                      11,357,922           11,369,205           Other Departmental Expenses 87,391               61,696               49,150               42,794               66,138               120,655             39,807               2,089,893             2,557,524             Instructional and Other Materials 489,151             293,296             143,102             249,224             153,705             342,991             490,373             8,585,203             10,747,044           Maintenance and Repair 191,453             50,567               43,210               83,402               39,922               90,866               117,703             1,279,494             1,896,617             Transfers/Debt ‐                      860,561             5,637,942          1,200,000          ‐                      ‐                      ‐                      23,048,863           30,747,366           Budget Commitments/Priority Funding 13,224               17,665               41,640               35,845               24,092               24,505               ‐                      1,620,026             1,776,997             Capital Outlay 488,758             785,767             76,752               279,177             130,459             482,529             157,995             7,600,441             10,001,879           Grand Total 26,104,381$  27,980,725$  26,322,185$  29,623,539$  16,490,200$  13,656,373$  11,748,670$  156,177,441$   308,103,514$   HOUSTON COMMUNITY COLLEGE FY 2013‐14 Adjusted Budget by Colleges 7
  • 12. FY 2012‐13 FY 2013‐14 Budget: Adjusted Budget FY 2013‐14, Net 41,453,277$          Revenues Received: Tuition 46,926,645          43,602,987          42,836,100           Waivers & Exemptions: Dual Credit (4,877,897)           (4,523,496)           (4,540,138)            Other (1,985,247)           (1,781,024)           (1,942,596)            Total Waivers & Exemptions (6,863,144)           (6,304,520)           (6,482,734)            Total Tuition Revenue, Net 40,063,501$        37,298,467$        36,353,366$          Budget: Budget FY 2013‐14, Net 6,565,665$            Revenues Received: Tuition 8,677,989            6,951,685            6,733,122              Waivers & Exemptions: Corrections (2,277,402)           (1,670,691)           (1,470,811)            Total EL Tuition Revenue, Net 6,400,587$           5,280,994$           5,262,311$            FY 2012‐13 FY 2013‐14 Dept of Corrections 2,277,402$           1,670,691$           1,470,811$            ‐11.96% Dual Credit Waiver 4,877,897            4,523,496            4,540,138              0.37% Other: Employee Fee Exemptions 70,071                  63,866                  62,465                   ‐2.19% Firemen 25,475                  25,234                  21,414                   ‐15.14% Hazelwood 1,266,190            1,120,129            1,322,917              18.10% Deaf & Blind 258,017                241,659                193,423                 ‐19.96% High Ranking Hi SCH Grad 2,418                    2,418                    1,240                      ‐48.72% Child of Disabled Vet ETC 1,686                    7,600                    ‐                          ‐100.00% Emp of State Coll & Univ 319                        319                        ‐                          0.00% Nonres Teach/Research Asst 10,443                  10,001                  6,018                      ‐39.83% Nonres Competitive Scholar 2,301                    2,301                    11,346                   393.09% Senior Citizens 15,857                  13,496                  14,867                   10.16% Misc Tuition/Fees Waivers ‐                        ‐                        576                         0.00% Scholarship Distribution ‐                        ‐                        10,000                   0.00% Apprenticeship Waivers ‐                        (38)                        ‐                          ‐100.00% Refugee Waiver ‐                        (162)                      183                         ‐212.96% Foster Children‐Resident 304,145                281,998                279,286                 ‐0.96% Undocumented Students ‐                        ‐                        11,383                   0.00% TX Tomorrow Waiver ‐                        ‐                        2,558                      0.00% Surviving Spouse/Children ‐                        ‐                        2,120                      0.00% Peace Officer Exemption 14,275                  12,203                  2,800                      ‐77.05% Stipends 14,050                  ‐                        ‐                          0.00% Total Other Exemptions 1,985,247            1,781,024            1,942,596              9.07% Grand Total Exemptions & Waivers 9,140,546$           7,975,211$           7,953,545$            ‐0.27%  Year‐to‐Date  Activity thru  04/30/2014   Actuals %  Inc/(Dec)YTD  vs. PriorYTD  8 Exemptions & Waivers Thur April 30, 2014 Account  End of Year  Activity  Year‐to‐Date  Activity thru  04/30/2013  Year‐to‐Date  Activity thru  04/30/2014  Tuition Tuition ‐ Extended Learning Exemptions & Waivers  End of Year  Activity  Year‐to‐Date  Activity thru  04/30/2013