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Condensed fs2014 march Condensed fs2014 march Document Transcript

  • Summary Operating Statements For the Period September 1, 2013 ‐ March 31, 2014 For the Meeting of the Board of Trustees ‐ April 17, 2014 for Houston Community College System & Houston Community College Public Facility Corporation
  • 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 ‐ March 31, 2014 For the Meeting of the Board of Trustees Houston Community College System
  • Managements Discussion and Analysis Thru March 31, 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 $36,356,619, 2.9% 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 $108,844,612 year‐to‐date.  The tax rate for FY 2014 remains the same as the  prior year tax rate at $0.09173.  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 $86,450,378 which is 2% lower than the same time last year.  Fall  2013 enrollment decreased 1.2%; SCH ‐1.1%, and Spring 2014 enrollment is down 2.2%; SCH ‐1.8% to‐date compared  to last year.  We are projecting tuition and fee revenue  to be $102,250,436 at fiscal year‐end; 3.9% below budget  plan.  Tuition & Fee‐Extended Learning receipts totaled $4,805,019 year to date, 6.5% above last year.  Total tuition and  fees‐Extended Learning at fiscal year end are expected to be $6,534,538. Total revenue collections, net of exemptions and waivers, totaled $238,243,572 year‐to‐date.  Total revenue received  at fiscal year‐end is expected to $293,192,131; which is 2.3% above budget plan. Benefits costs totaled $10,604,385 year‐to‐date, 2% 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  $19,490,594. Total Salaries are $98,271,425 year‐to‐date, 3.8% 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 $169,808,516. Contracted services year‐to‐date totaled $12,709,496, 13.6% 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 $26,261,164. 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.
  • Managements Discussion and Analysis Thru March 31, 2014   Budget Priorities funding allocated for the year are detailed below through March 31, 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 $154,589,737.  We are projecting expenditures to be  $302,920,750 at fiscal year end. Budget 2,374,415$        5,535,476           1,300,000         Instructional & Other Materials year‐to date totaled $4,873,533, 31.7% above last fiscal year.  IT upgrades and  additional software contributed to the increase.  Expenses in this area are expected to be $10,207,581 at year end.
  • 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         238,243,572       19,432,397          10,385,989                              ‐            91,690,084                          10                    2,192,445              32,788,518                                  ‐                     4,084           394,737,098  Expenses Salaries 98,271,425           3,587,088        4,244,607          ‐                           773,541              ‐                        126,705                     ‐                           ‐                               ‐                      107,003,365         Employee Benefits 10,604,385           7,964,249        824,209              ‐                           ‐                      ‐                        27,908                        ‐                           ‐                               ‐                      19,420,750           Supplies & General Exp 2,812,393             144,443           520,661              ‐                           ‐                      ‐                        30,302                        ‐                           ‐                               ‐                      3,507,799             Travel 525,073                103,819           80,862                ‐                           ‐                      ‐                        ‐                               ‐                           ‐                               ‐                      709,754                 Marketing Costs 670,231                21,270             24,206                ‐                           ‐                      ‐                        ‐                               ‐                           ‐                               ‐                      715,707                 Rentals & Leases 1,472,536             72,347             37,195                ‐                           ‐                      ‐                        1,350                           ‐                           ‐                               ‐                      1,583,428             Insurance/Risk Mgmt 6,461,345             3,526               1,589                  ‐                           ‐                      ‐                        ‐                               ‐                           ‐                               ‐                      6,466,460             Contracted Services 12,709,496           2,247,709        1,018,347          ‐                           ‐                      ‐                        223,043                     191,253                  ‐                               ‐                      16,389,848           Utilities 4,242,432             ‐                    243,992              ‐                           ‐                      ‐                        ‐                               ‐                           ‐                               ‐                      4,486,424             Other Departmental Expenses 3 1,304,994             44,352             3,268,908          ‐                           ‐                      ‐                        ‐                               ‐                           ‐                               ‐                      4,618,255             Instructional and Other Materials 4 & 5 4,873,533             114,844           140,557              ‐                           ‐                      ‐                        144,561                     ‐                           ‐                               ‐                      5,273,494              Maintenance and Repair 785,324                347,685           7,350                  ‐                           234,775              ‐                        145,727                     ‐                           ‐                               ‐                      1,520,861             Transfers In/Out 6 6,468,677             ‐                    4,095,000          ‐                           (2,800,056)         ‐                        5,352,884                  (13,116,506)           ‐                               ‐                      (0)                            Debt 59,057                  ‐                    6,005                  ‐                           ‐                      ‐                        ‐                               33,065,237            ‐                               615,397              33,745,697           Capital Outlay 3,328,839             302,651           97,787                ‐                           ‐                      ‐                        58,766,299                ‐                           ‐                               135,242              62,630,816           Depreciation ‐                          ‐                    ‐                      ‐                           ‐                      ‐                        ‐                               ‐                           11,120,530                 ‐                      11,120,530           Scholarship Distribution 93,503,934        Total Expenses 154,589,737         14,953,983      14,611,275        ‐                           91,712,194        ‐                        64,818,779                20,139,984            11,120,530                 750,639              279,193,188         Net of Revenue/Expenses 83,653,835           4,478,413        (4,225,286)         ‐                           (22,110)               10                         (62,626,334)               12,648,534            (11,120,530)               (746,555)            22,039,977           Fund Balance Entries (534,916)               (148,343)             63,141,840                10,019,488                 72,478,069           Debt Funded ‐                          Fund Balance as of 03/31/2014 172,571,721$      13,200,948$    4,800,910$        509,932$               535,164$            (59,601)$             3,664,761$                22,130,753$          223,299,074$            (7,072,375)$       433,581,286$       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 $5.5M 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 $4,873,533 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 $134,567 in the Auxiliary category is attributed to NEO Café. 6  Items in this category include all student revenue bond payments, transfers for scholarship matching funds,    and transfers to the Unexpended Plant Fund. 7  Items in this category are funded through Bonds. *HCC has adopted and adheres to GASB 34(1999) , GASB 54(2010) and OMB 134(1993).  The college has received unqualified audit opinions since the adoption of each. Funds Operating Statement ‐ Unaudited Fund Balalnces (Across all Funds) as of March 31, 2014 1
  • FY2013 Actuals Budget Year‐to‐Date  Actuals Thru March  31, 2014 Actuals  as a  % of Budget Unrealized Budget Year‐to‐Date  Actuals Thru March  31, 2013 2013‐2014  Inc/(Dec) vs. 2012‐ 2013 Actuals %  Inc/(Dec)YTD  vs. PriorYTD Projected Actuals  @ 8/31/2014 Projected 2013‐ 2014 Inc/(Dec) vs.  Budget Projected  2013‐2014  Inc/(Dec) vs.  Adj Budget % REVENUES State Appropriations 70,014,003$       69,202,364$         36,356,619$      52.5% 32,845,745$        37,422,483$      (1,065,864)$     ‐2.85% 69,202,364      ‐                     0.00% Ad Valorem Taxes 106,097,476       101,478,107         108,844,612     107.3% (7,366,505)          102,001,765     6,842,847       6.71% 112,151,493    10,673,386       10.52% Tuition, Net 40,063,500         41,453,277           33,227,722       80.2% 8,225,555            34,384,048       (1,156,326)      ‐3.36% 39,114,196      (2,339,081)       ‐5.64% Fees1 63,996,717         64,922,582            53,222,656         82.0% 11,699,926           53,818,499       (595,843)         ‐1.11% 63,136,240      (1,786,342)       ‐2.75% Other Local Income2 2,184,999           2,543,140               1,388,021           54.6% 1,155,119              1,367,172         20,849             1.52% 2,438,852        (104,288)           ‐4.10% Tuition & Fee, Net  ‐‐ Extended Learning 6,400,587           6,565,665               4,805,019           73.2% 1,760,646              4,511,442          293,578             6.51% 6,534,538          (31,127)               ‐0.47% Grant Revenue 517,655              434,410                 398,923            91.8% 35,487                 302,130            96,792             32.04% 614,447            180,037            41.44% Total Revenues 289,274,937       286,599,545         238,243,572     83.1% 48,355,973         233,807,539     4,436,034       1.90% 293,192,131    6,592,586         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$       238,243,572$    77.3% 69,859,942$        233,807,539$    4,436,034$      1.90% 314,696,100$   6,592,586$        2.14% EXPENSES Salaries 158,833,961       173,553,543         98,271,425       56.6% 75,282,118         94,669,755       3,601,669       3.80% 169,808,516    (3,745,027)       ‐2.16% Employee Benefits 18,704,344         18,154,720           10,604,385       58.4% 7,550,335            10,396,165       208,219           2.00% 19,490,594      1,335,874         7.36% Supplies Gen Exp 5,216,679           6,201,318              2,812,393         45.4% 3,388,924            2,780,403         31,990             1.15% 5,710,597        (490,721)           ‐7.91% Travel 883,137              1,239,183              525,073            42.4% 714,110               394,045            131,028           33.25% 1,139,797        (99,386)             ‐8.02% Marketing Costs 1,350,751           1,612,690              670,231            41.6% 942,459               714,256            (44,025)            ‐6.16% 1,612,690        ‐                     0.00% Rental & Leases 2,234,487           3,815,471              1,472,536         38.6% 2,342,935            1,454,566         17,969             1.24% 3,815,471        ‐                     0.00% Insurance/Risk Mgmt 6,521,682           7,053,324              6,461,345         91.6% 591,979               6,506,299         (44,955)            ‐0.69% 7,053,324        ‐                     0.00% Contract Services4 21,328,764         26,261,164           12,709,496         48.4% 13,551,668         11,187,175       1,522,322       13.61% 26,261,164      ‐                     0.00% Utilities 8,414,469           11,369,205           4,242,432         37.3% 7,126,774            4,489,396         (246,964)         ‐5.50% 10,266,426      (1,102,779)       ‐9.70% Other Departmental Expenses5 1,799,321           2,292,424              1,304,994           56.9% 987,430               1,051,343         253,651           24.13% 2,292,424        ‐                     0.00% Instructional & Other Materials 6,263,298           10,458,682           4,873,533         46.6% 5,585,150            3,702,005         1,171,528       31.65% 10,207,581      (251,102)           ‐2.40% Maintenance & Repair 1,082,934           1,814,180              785,324            43.3% 1,028,856            292,121            493,202           168.83% 1,814,180        ‐                     0.00% Transfers/Debt 33,095,470         31,496,352           6,527,734         20.7% 24,968,618         6,504,748         22,986             0.35% 31,496,352      0                        0.00% Budget Commitments ‐                           3,675,394              ‐                         0.0% 3,675,394            ‐                    ‐                   0.00% 2,817,462        (857,932)           ‐23.34% Capital Outlay 4,451,702           9,105,865              3,328,839         36.6% 5,777,026            1,661,261         1,667,578       100.38% 9,134,173        28,308              0.31%      Total Expenses  270,180,997$     308,103,514$       154,589,737$    50.2% 153,513,777$      145,803,539$    8,786,198       6.03% 302,920,750    (5,182,763)       ‐1.68% NET REVENUE Incr/(Decr) Vs EXPENSES 19,093,940$       83,653,835$      88,003,999$      (9,728,619)$      11,775,350$     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 March 31, 2014   HCCS CURRENT UNRESTRICTED 2
  • 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  3,091,404              5,825                         263,204                    ‐                                    ‐                             904,688                1,167,891            ‐                           293,489             4,558,609           Salaries  178,977                 376,866                      49,079                           425,944                 183,158               158,221               946,301                Benefits  48,289                   95,979                        9,612                             105,590                 43,217                  39,769                  236,866                Supplies Gen Exp  26,018                   46,150                        8,042                             54,192                   9,775                    89,985                   Travel  3,756                           2,048                             5,803                     5,803                     Marketing Costs  24,206                        24,206                   24,206                   Rental & Leases  2,674                     25,225                        25,225                   700                       28,599                   Contract Services  540,741                 187,478                      54,279                           241,757                 782,498                Utilities  241,941                 ‐                              2,051                    243,992                Departmental Expenses  238,664                      4,139                             2,939,108              3,181,910              8,916                    3,190,826             Instructional & Other  Materials  600                         5,390                             5,390                     134,567               140,557                Maintenance & Repair  2,891                     508                              508                         3,940                    7,340                     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  5,145,718             ‐                                 1,096,129                   132,588                         ‐                              4,167,825             235,291               349,025               9,897,859            Contribution to Fund Balance (2,054,315)        5,825                    (832,925)                (132,588)                   (2,939,108)        904,688             (2,999,934)        (235,291)          (55,535)             (5,339,250)       16,552,951$     5,825$                  (14,030,130)$         (1,590,621)$             (19,110,042)$    21,733,285$     (12,997,507)$    (1,396,130)$     (1,491,462)$     673,677$         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. $4.1M in auxiliary funds for athletic fields. HOUSTON COMMUNITY COLLEGE SYSTEM Auxiliary Budget By Fund as of March 31, 2014 Net Assigned Fund Balance  Assigned Fund Balance at  August 31, 2013 3 Auxiliary Funds1 3110
  • HOUSTON COMMUNITY COLLEGE SYSTEM Auxiliary Budget By Fund as of March 31, 2014 3207         International  Initiatives2 3208                 Saudi Consulting  Services3 3209                  Qatar Subtotal (43,204)$               203,712$               1,040,292$               1,200,800$        FY2013  Revenue  23,333                      ‐                                 4,135,956                    4,159,289             Salaries  3,152,586                      3,152,586               Benefits  563,286                         563,286                  Supplies Gen Exp  279                            6,251                             6,530                      Travel  1,813                         12,836                           14,648                    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  2,091                         ‐                                   3,834,941                     3,837,032              Contribution to Fund Balance 21,242                  ‐                               301,015                    322,257             (21,962)$               203,712$               1,341,307$               1,523,057$        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
  • HOUSTON COMMUNITY COLLEGE SYSTEM Auxiliary Budget By Fund as of March 31, 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  63,981                      921,416                      695,414                         1,680,812              10,398,710         Salaries  9,500                         27,051                        109,170                         145,720                 4,244,607           Benefits  263                              23,794                           24,057                   824,209              Supplies Gen Exp  48,890                      327,860                      47,397                           424,146                 520,661              Travel  726                            39,370                        20,315                           60,410                   80,862                 Marketing Costs  ‐                              24,206                 Rental & Leases  8,595                             8,595                     37,195                 Contract Services  2,316                         64,837                        78,696                           145,849                 1,018,347           Utilities  ‐                              243,992              Departmental  Expenses  17,762                      17,440                        32,897                           68,099                   3,268,908           Instructional &  Other Materials  ‐                              140,557              Maintenance &  Repair  10                                   10                           7,350                   Insurance ‐ Risk  Mgmt  707                              854                                 1,561                     1,589                   Exemptions and  Waivers  10,344                        312                                 10,656                   12,721                 Transfer  ‐                              4,101,005           Capital Outlay  ‐                              97,787                 Total Expense  79,194                      487,871                      322,040                         889,104                 14,623,996        Contribution to Fund Balance (15,212)                 433,545                  373,374                    791,707             (4,225,286)        276,503$              1,274,902$            1,052,771$               2,604,176$        4,800,910$        1 Funds are committed for services related to students 5 Student Auxiliary Funds ‐ Committed1 Net Committed Fund Balance
  •     CURRENT &  LOAN FUNDS 1 PLANT & BOND  FUNDS 2  Total All Funds  ASSETS Current Assets: Cash &  cash equivalents 167,738,785$  28,735,902$         196,474,686$        Restricted cash & cash equivalents 11,545,104      ‐                             11,545,104            Short term Investments ‐                        ‐                             ‐                              Accounts/Other receivable (net) 17,379,168      1,537,414             18,916,581            Deferred charges 273,624           ‐                             273,624                  Prepaids 87,119              881,112                968,231                  Total Current Assets 197,023,800    31,154,428          228,178,228          Non‐current Assets: Restricted cash & cash equivalents ‐                        388,554,540        388,554,540          Restricted long‐term investments ‐                        54,651,394          54,651,394            Long‐term investments 8,183,962        ‐                             8,183,962               Capital Assets, net ‐                        828,658,146        828,658,146          Total Non‐current Assets 8,183,962        1,271,864,081     1,280,048,043       Total Assets 205,207,763$  1,303,018,508$    1,508,226,271$     LIABILITIES Current Liabilities: Accounts payable 8,919,723        40,407                  8,960,129               Accrued liabilities 779,424             24,649                    804,073                  Compensated absences 2,261,499        ‐                             2,261,499               Funds held for others 701,141           189,209                890,350                  Deferred revenue 986,903           99,215                  1,086,118               Notes payable‐current portion ‐                        ‐                             ‐                              Bonds payable‐current portion ‐                        11,320,000          11,320,000            Capital lease obligations‐current ‐                        ‐                             ‐                              Total Current Liabilities 13,648,689      11,673,479          25,322,169            Non‐current Liabilities: Deposits ‐                        ‐                             ‐                              Notes payable ‐                        169,521,888        169,521,888          Bonds payable ‐                        766,497,827        766,497,827          Capital lease obligations ‐                        106,230,726        106,230,726          Total Non‐current Liabilities ‐                        1,042,250,441     1,042,250,441       Total Liabilities 13,648,689$     1,053,923,921$    1,067,572,610$      Fund Balance‐  August 31, 2013 Audited  108,357,470    237,031,590        345,389,060          Revenues Over Expenditures      Unrestricted 78,893,633      78,893,633                 Restricted 4,307,971        4,307,971                    Net Investment in Plant 12,062,999          12,062,999            Total Fund Balances, Unaudited 191,559,074$  249,094,589$       440,653,663$         Total Liabilities &  Fund Balances  205,207,763$  1,303,018,510$    1,508,226,271$     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 March 31, 2014 6
  • as of March 31, 2014  TM   CENTRAL   NORTH WEST   NORTH EAST   SOUTH WEST   SOUTH EAST   COLEMAN   EXTENDED  LEARNING   SYSTEM   Grand Total  Salaries 23,987,766$     24,750,676$     18,791,106$     26,695,558$     15,365,743$     11,171,618$     10,438,270$     42,352,806$         173,553,543$       Employee Benefits ‐                      ‐                      ‐                      ‐                      1,840                  ‐                      ‐                      18,152,880           18,154,720           Supplies & Gen 334,386             410,135             217,904             301,680             263,431             361,778             187,603             4,124,400             6,201,318             Travel 118,881             134,911             35,406               68,356               47,422               114,242             67,944               652,021                 1,239,183             Marketing Costs 37,839               47,093               78,986               33,718               95,254               40,823               163,836             1,115,141             1,612,690             Rentals & Leases 6,810                  146,893             958,863             534,591             80,752               469,051             28,633               1,589,879             3,815,471             Insurance/Risk Mgmt 906                     406                     ‐                      462                     ‐                      ‐                      ‐                      7,051,550             7,053,324             Contracted Services 332,855             318,726             86,613               56,060               131,794             386,180             22,492               24,926,443           26,261,164           Utilities 5,025                  68                       4,600                  1,590                  ‐                      ‐                      ‐                      11,357,922           11,369,205           Other Departmental Expenses 85,175               60,388               50,614               44,083               80,071               118,465             41,213               1,812,415             2,292,424             Instructional and Other Materials 491,971             295,827             136,374             256,847             151,383             350,756             501,903             8,273,622             10,458,682           Maintenance and Repair 187,564             49,667               48,886               90,425               40,122               91,171               117,703             1,188,642             1,814,180             Transfers/Debt ‐                      845,806             5,637,942          1,200,000          ‐                      ‐                      ‐                      23,812,604           31,496,352           Budget Commitments/Priority Funding 17,095               22,665               41,640               50,000               24,092               24,817               ‐                      3,495,085             3,675,394             Capital Outlay 490,446             782,481             74,377               282,376             108,496             482,529             157,995             6,727,164             9,105,865             Grand Total 26,096,719$  27,865,743$  26,163,311$  29,615,746$  16,390,400$  13,611,430$  11,727,592$  156,632,573$   308,103,514$   HOUSTON COMMUNITY COLLEGE FY 2013‐14 Adjusted Budget by Colleges 7
  • FY 2012‐13 FY 2013‐14 Budget: Adjusted Budget FY 2013‐14, Net 41,453,277$          Revenues Received: Tuition 46,926,645          40,214,450          39,236,768           Waivers & Exemptions: Dual Credit (4,877,897)          (4,232,047)          (4,208,944)            Other (1,985,247)          (1,598,356)          (1,800,102)            Total Waivers & Exemptions (6,863,144)          (5,830,403)          (6,009,046)            Total Tuition Revenue, Net 40,063,501$        34,384,047$        33,227,722$          Budget: Budget FY 2013‐14, Net 6,565,665$            Revenues Received: Tuition 8,677,989            5,932,383            6,065,005             Waivers & Exemptions: Corrections (2,277,402)          (1,420,941)          (1,259,986)            Total EL Tuition Revenue, Net 6,400,587$          4,511,442$          4,805,019$            FY 2012‐13 FY 2013‐14 Dept of Corrections 2,277,402$           1,420,941$           1,259,986$            ‐11.33% Dual Credit Waiver 4,877,897            4,232,047            4,208,944             ‐0.55% Other: Employee Fee Exemptions 70,071                 58,183                 58,488                   0.52% Firemen 25,475                 24,571                 19,995                   ‐18.62% Hazelwood 1,266,190            984,779               1,230,789             24.98% Deaf & Blind 258,017               226,695               171,249                 ‐24.46% High Ranking Hi SCH Grad 2,418                   1,984                   1,240                     ‐37.50% Child of Disabled Vet ETC 1,686                   5,796                   ‐                         ‐100.00% Emp of State Coll & Univ 319                       319                       ‐                         0.00% Nonres Teach/Research Asst 10,443                 9,735                   5,487                     ‐43.64% Nonres Competitive Scholar 2,301                   2,301                   11,346                   393.09% Senior Citizens 15,857                 12,911                 14,243                   10.32% Misc Tuition/Fees Waivers ‐                        ‐                        576                        0.00% Scholarship Distribution ‐                        ‐                        10,000                   0.00% Refugee Waiver ‐                        (162)                     183                        ‐212.96% Foster Children‐Resident 304,145               259,041               257,830                 ‐0.47% 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                 2,615                     ‐78.57% Stipends 14,050                 ‐                        ‐                         0.00% Total Other Exemptions 1,985,247            1,598,356            1,800,102             12.62% Grand Total Exemptions & Waivers 9,140,546$          7,251,344$          7,269,032$            0.24% Year‐to‐Date  Activity thru  03/31/2013  Year‐to‐Date  Activity thru  03/31/2014   Actuals %  Inc/(Dec)YTD  vs. PriorYTD  8 Exemptions & Waivers Thur March 31, 2014 Account  End of Year  Activity  Year‐to‐Date  Activity thru  03/31/2013  Year‐to‐Date  Activity thru  03/31/2014  Tuition Tuition ‐ Extended Learning Exemptions & Waivers  End of Year  Activity