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Summary Operating Statements
For the Period
September 1, 2016 ‐ October 31, 2016
For the Meeting of the Board of Trustees ‐ December 8, 2016
for
Houston Community College System
&
Houston Community College Public Facility Corporation
Summary Summary of Financial Statements 1
Fund Balances Fund Balance Statement  2
Operating Summary HCCS Unrestricted Revenue & Expenditures 3
Auxiliary Sources and Uses of Auxiliary Funds 4
Budgets Adjusted Budgets by Divisions 6
Balance Sheet Balance Sheet by Fund 8
Exemptions/Waivers Exemptions & Waivers Detail 9
Table of Contents
For the Period September 1, 2016 ‐ October 31, 2016
Houston Community College System
1 
 
Houston Community College System 
Summary of Financial Statements 
As of October 31, 2016 
 
 
 
In the Unrestricted Fund as of October 31, 2016, total revenue received is $63 million. This 
represents 18.6% of budgeted annual revenues of $338 million. Expenses total $49.4 million to 
date; which is 14.6% of the total expense budget of $338 million.  Compared with the same 
time last year, revenue shows a 1.9% decrease, and expenses are 17.7% lower than the prior 
year.  Actual net revenue is $13.6 million to‐date.  That translates into a like amount increase in 
fund balance. 
 
Salaries increased 4%.  This increase is due namely to the compensation study alignment and an 
across the board salary increase of 2% for full‐time employees. 
 
The expenses in Transfers & Debt show a decrease of $8.7 million namely due to the 
redemption of the PFC Westgate Bonds Series 2005A in the amount of $8.1 million in FY2016. 
 
Total revenue and expenses are expected to fall within budget plan at year end.  
 
 
Unrestricted Restricted Auxiliary
Loan & 
Endowments  Scholarship Agency          
Unexpended 
Plant     
Capital and 
Technology
Retirement of 
Debt 
Investment in 
Plant     
Public Facility 
Corp. Grand Total
Fund Balance as of 9/1/2016, Unaudited  $        51,006,557   $     1,673,387   $        8,065,581   $               238,698   $            (29,803)  $                        ‐    $        18,252,093   $       9,116,088   $       66,032,435   $   265,719,441   $      (3,342,508)  $      416,731,968 
Revenues            63,007,422          5,699,004             2,728,973                                ‐            32,438,126                             ‐                    376,009                           ‐                2,142,685                            ‐                              ‐            106,392,220 
Expenses
Salaries 34,654,631            823,599            334,957               ‐                            173,180               ‐                         55,155                    ‐                       ‐                         ‐                        ‐                        36,041,522           
Employee Benefits 4,490,517              2,461,789         95,942                 ‐                            ‐                        ‐                         11,229                    ‐                       ‐                         ‐                        ‐                        7,059,477             
Supplies & General Exp 534,043                 14,860              89,311                 ‐                            ‐                        ‐                         ‐                          ‐                       ‐                         ‐                        ‐                        638,215                 
Travel 200,840                 31,369              26,450                 ‐                            ‐                        ‐                         ‐                          ‐                       ‐                         ‐                        ‐                        258,659                 
Marketing Costs 50,644                    1,724                 583,274               ‐                            ‐                        ‐                         ‐                          ‐                       ‐                         ‐                        ‐                        635,642                 
Rentals & Leases 306,564                 13,339              450                       ‐                            ‐                        ‐                         ‐                          ‐                       ‐                         ‐                        ‐                        320,354                 
Insurance/Risk Mgmt 2,553,739              977                    322                       ‐                            ‐                        ‐                         ‐                          ‐                       ‐                         ‐                        ‐                        2,555,038             
Contracted Services 510,768                 588,796            23,340                 ‐                            ‐                        ‐                         285                         ‐                       11,641                   ‐                        ‐                        1,134,830             
Utilities 791,055                 ‐                     108,869               ‐                            ‐                        ‐                         ‐                          ‐                       ‐                         ‐                        ‐                        899,925                 
Other Departmental Expenses 263,877                 31,670              36,458                 ‐                            ‐                        ‐                         ‐                          ‐                       ‐                         ‐                        ‐                        332,005                 
Instructional and Other Materials 1,506,343              11,892              30,310                 ‐                            ‐                        ‐                         ‐                          ‐                       ‐                         ‐                        ‐                        1,548,546             
Maintenance and Repair 46,711                    62,818              15                         ‐                            25,787                 ‐                         13,019                    1,700                  ‐                         ‐                        ‐                        150,049                 
Transfers (In)/Out1
3,421,676              ‐                     ‐                        ‐                            (716,710)             ‐                         ‐                          ‐                       (2,704,966)           ‐                        ‐                        (0)                            
Debt 16,395                    ‐                     ‐                        ‐                            ‐                        ‐                         430,380                 ‐                       4,903,758             475,576               ‐                        5,826,109             
Capital Outlay 56,411                    51,941              ‐                        ‐                            ‐                        ‐                         24,313,803            320,860              ‐                         ‐                        ‐                        24,743,015           
Depreciation ‐                          ‐                     ‐                        ‐                            ‐                        ‐                         ‐                          ‐                       ‐                         3,932,384           ‐                        3,932,384             
Scholarship Distribution ‐                          ‐                     ‐                        ‐                            32,926,285         ‐                         ‐                          ‐                       ‐                         ‐                        ‐                        32,926,285           
Total Expenses 49,404,214            4,094,774         1,329,699           ‐                            32,408,542         ‐                         24,823,871            322,560              2,210,433             4,407,960           ‐                        119,002,054         
NET REVENUE/(EXPENSES) 13,603,208            1,604,229         1,399,274           ‐                            29,584                 ‐                         (24,447,862)          (322,560)            (67,748)                 (4,407,960)          ‐                        (12,609,834)          
Fund Balance Entries (3,403,627)             ‐                     (176,372)             ‐                            ‐                        ‐                         3,621,543              (973,456)            (5,216)                    15,332,593         3,956,220           18,351,684           
Fund Balance as of 10/31/2016 61,206,139$         3,277,616$      9,288,482$         238,698$                 (219)$                   ‐$                      (2,574,226)$          7,820,071$        65,959,470$        276,644,074$    613,712$            422,473,819$      
1
Transfers include student revenue bond payment funds, scholarship matching funds, and transfers to Unexpended Plant and Capital and Technology Funds.
Unaudited Fund Balances and Activities ‐ All Funds
as of October 31, 2016
2
HOUSTON COMMUNITY COLLEGE SYSTEM
Year‐to‐Date Actuals 
Thru October 31, 
2016 FY2017 Budget
Actuals as a % 
of Budget
Year‐to‐Date Actuals 
Thru October 31, 
2016
Year‐to‐Date Actuals 
Thru October 31, 
2015
Increase (Decrease) 
FY2017 Compared to 
FY2016
% Increase 
(Decrease)
REVENUES
State Appropriations 16,838,934$     70,162,214$         24.0% 16,838,934$      16,798,900$     40,034$                  0.2%
Ad Valorem Taxes 72,424                146,800,000        0.0% 72,424                19,620               52,803                   269.1%
Tuition, Net 22,867,820        41,750,000          54.8% 22,867,820         24,054,515       (1,186,695)            ‐4.9%
Fees 19,877,791        66,632,000          29.8% 19,877,791         19,739,140       138,651                 0.7%
Other Local Income 349,197             2,500,000            14.0% 349,197             378,921            (29,723)                  ‐7.8%
Tuition & Fee, Net
 ‐‐ Extended Learning
2,922,698           9,500,000              30.8% 2,922,698           3,156,441           (233,743)                 ‐7.4%
Indirect Cost Revenues, Grant  78,558                620,000                12.7% 78,558                84,960               (6,402)                    ‐7.5%
Total Revenues 63,007,422        337,964,214        18.6% 63,007,422         64,232,497       (1,225,075)            ‐1.9%
EXPENSES
Salaries 34,654,631        206,580,281        16.8% 34,654,631         33,331,313       1,323,318             4.0%
Employee Benefits 4,490,517          22,116,875          20.3% 4,490,517          4,185,472         305,045                 7.3%
Supplies Gen Exp 534,043             6,133,714            8.7% 534,043             479,376            54,667                   11.4%
Travel 200,840             2,345,329            8.6% 200,840             76,096               124,744                 163.9%
Marketing Costs 50,644                1,087,681            4.7% 50,644                32,259               18,385                   57.0%
Rental & Leases 306,564             2,479,346            12.4% 306,564             293,169            13,395                   4.6%
Insurance/Risk Mgmt 2,553,739          5,826,348            43.8% 2,553,739          4,416,896         (1,863,157)            ‐42.2%
Contract Services 510,768             24,061,093          2.1% 510,768             1,798,858         (1,288,090)            ‐71.6%
Utilities 791,055             11,261,576          7.0% 791,055             838,143            (47,088)                  ‐5.6%
Other Departmental Expenses 263,877             2,210,883            11.9% 263,877             365,843            (101,966)               ‐27.9%
Instructional & Other Materials 1,506,343          10,356,261          14.5% 1,506,343          1,826,240         (319,897)               ‐17.5%
Maintenance & Repair 46,711                1,255,904            3.7% 46,711                58,740               (12,030)                  ‐20.5%
Transfers/Debt 3,438,070          33,884,590          10.1% 3,438,070          12,112,364       (8,674,294)            ‐71.6%
Contingency ‐                           4,242,956            0.0% ‐                           ‐                     ‐                          0.0%
Capital Outlay 56,411                4,121,377            1.4% 56,411                199,387            (142,975)               ‐71.7%
     Total Expenses  49,404,214$     337,964,214$      14.6% 49,404,214$      60,014,156$     (10,609,942)          ‐17.7%
NET REVENUE/(EXPENSES) 13,603,208$     ‐$                       0.0% 13,603,208$      4,218,342$        9,384,867$            222.5%
HOUSTON COMMUNITY COLLEGE SYSTEM
Comparison to Budget and Comparison to Previous Fiscal Year
as of October 31, 2016
  HCCS CURRENT UNRESTRICTED
3
16.7% of Year Expended
Main Leasing Misc. Auxiliary*
Foundation Marketing
Bookstore 
Commission
International 
Student Services
Cafe Club NEO 
3100 Main Scholarships
Subtotal 
Uncommitted
25,538,684$      (16,975,895)$       (2,139,698)$           (24,867,927)$           28,251,330$      (2,463,947)$      (1,657,679)$      (2,066,107)$      3,618,760$     
FY2017
 Revenue  1,232,778             129,333                 ‐                                ‐                                   1,091,995            ‐                           80,998                 ‐                           2,535,104        
 Salaries  57,670                   106,848                   ‐                                  ‐                                     ‐                             63,023                   39,502                   ‐                             267,043              
 Benefits  11,695                   43,818                      ‐                                  ‐                                     ‐                             15,339                   8,043                     ‐                             78,895                
 Supplies Gen Exp  3,629                     1,928                        3,454                          ‐                                     ‐                             ‐                             1,726                     ‐                             10,735                
 Travel  ‐                             10,414                      3,806                          ‐                                     ‐                             1,914                     ‐                             ‐                             16,134                
 Marketing Costs  ‐                             ‐                                ‐                                  583,274                        ‐                             ‐                             ‐                             ‐                             583,274              
 Rental & Leases  ‐                             450                           ‐                                  ‐                                     ‐                             ‐                             ‐                             ‐                             450                     
 Contract Services  12,510                   ‐                                1,441                          ‐                                     ‐                             ‐                             288                        ‐                             14,239                
 Utilities  108,869                ‐                                ‐                                  ‐                                     ‐                             ‐                             ‐                             ‐                             108,869              
 Departmental Expenses  ‐                             31,986                      ‐                                  ‐                                     ‐                             2,044                     ‐                             ‐                             34,030                
 Instructional & Other 
Materials 
‐                             ‐                                ‐                                  ‐                                     ‐                             ‐                             30,310                   ‐                             30,310                
 Maintenance & Repair  ‐                             15                             ‐                                  ‐                                     ‐                             ‐                             ‐                             ‐                             15                        
 Insurance/Risk Mgmt  ‐                             28                             ‐                                  ‐                                     ‐                             ‐                             ‐                             ‐                             28                        
 Exemptions and Waivers  ‐                             ‐                                ‐                                  ‐                                     ‐                             ‐                             ‐                             613,376                613,376              
Transfer/Debt ‐                             ‐                                ‐                                  ‐                                     ‐                             ‐                             ‐                             ‐                             ‐                           
 Capital Outlay  ‐                             ‐                                ‐                                  ‐                                     ‐                             ‐                             ‐                             ‐                             ‐                           
 Total Expense  194,373                195,486                   8,700                          583,274                        ‐                             82,320                  79,869                  613,376                1,757,398          
Contribution to Fund Balance 1,038,405          (66,153)               (8,700)                   (583,274)                 1,091,995        (82,320)            1,129                (613,376)          777,706         
Auxiliary Fund Balance ‐ Uncommitted Portion 4,396,465$     
*
Expenditures in this category include mailroom, child day care, Minority Male Initiative, Govt. Relation, Mobile Go, etc.
4
Fund Balance – 
September 1, 2016 (Unaudited )
HOUSTON COMMUNITY COLLEGE SYSTEM
Auxiliary Budget By Fund
as of October 31, 2016
Auxilary Funds ‐ Uncommitted Portion
Total
Saigon Tech
Other 
International 
Initiatives
Subtotal 
International
Student 
Vending 
Commission
Student 
Activity Fee
Student  
Athletic Fee Subtotal 
Committed Total Auxiliary
391,768$       (154,092)$     1,820,093$      305,749$         957,788$        1,186,818$    2,450,355$        7,889,208$    
(Unaudited)
FY2017
 Revenue  ‐                         ‐                       ‐                           10,500               451,621             345,125           807,245               3,342,349        
 Salaries  ‐                          ‐                         ‐                             ‐                            15,501                52,413               67,914                   334,957             
 Benefits  ‐                          ‐                         ‐                             ‐                            2,699                  14,349               17,048                   95,942                
 Supplies Gen Exp  25                       ‐                         25                         12,667                 35,845                30,038               78,551                   89,311                
 Travel  1,717                 ‐                         1,717                    ‐                            8,371                  228                     8,599                     26,450                
 Marketing Costs  ‐                          ‐                         ‐                             ‐                            ‐                           ‐                           ‐                              583,274             
 Rental & Leases  ‐                          ‐                         ‐                             ‐                            ‐                           ‐                           ‐                              450                     
 Contract Services  ‐                          ‐                         ‐                             500                      1,500                  7,101                  9,101                     23,340                
 Utilities  ‐                          ‐                         ‐                             ‐                            ‐                           ‐                           ‐                              108,869             
 Departmental Expenses  ‐                          ‐                         ‐                             ‐                            ‐                           2,429                  2,429                     36,458                
 Instructional & Other 
Materials 
‐                          ‐                         ‐                             ‐                            ‐                           ‐                           ‐                              30,310                
 Maintenance & Repair  ‐                          ‐                         ‐                             ‐                            ‐                           ‐                           ‐                              15                        
 Insurance/Risk Mgmt  ‐                          ‐                         ‐                             ‐                            294                      ‐                           294                         322                     
 Exemptions and Waivers  ‐                          ‐                         ‐                             ‐                            ‐                           ‐                           ‐                              613,376             
Transfer/Debt ‐                          ‐                         ‐                             ‐                            ‐                           ‐                           ‐                              ‐                           
 Capital Outlay  ‐                          ‐                         ‐                             ‐                            ‐                           ‐                           ‐                              ‐                           
 Total Expense  1,742                 ‐                         1,742                    13,167                 64,211                106,557             183,935                 1,943,075          
Contribution to Fund Balance (1,742)            ‐                      (1,742)               (2,667)                  387,410              238,567             623,310                 1,399,274       
Auxiliary Fund Balance ‐ Intl, Committed, Total 1,818,352$      303,081$         1,345,198$     1,425,386$    3,073,665$        9,288,482$    
HOUSTON COMMUNITY COLLEGE SYSTEM
Auxiliary Budget By Fund
as of October 31, 2016
5
Auxiliary Funds ‐ International and Committed Portions
International Committed
Fund Balance – 
September 1, 2016
as of October 31, 2016
 Budgeted Expenditures   CENTRAL 
 NORTH
WEST 
 NORTH
EAST 
 SOUTH
WEST 
 SOUTH
EAST 
 COLEMAN 
 EXTENDED 
LEARNING 
 ACADEMIC 
INSTRUCTION 
Salary 9,728,878$        9,740,592$        12,468,839$             10,989,640$         6,146,450$           13,053,997$     11,729,671$         60,246,632$        
Employee Benefits ‐                      ‐                      ‐                              ‐                          ‐                          ‐                      ‐                         ‐                        
Supplies & Gen 208,009             301,032             204,996                     266,917                 291,240                 502,715             203,773                 342,587                
Travel 36,050               133,000             37,735                       57,286                   73,396                   162,069             107,942                 184,314                
Marketing Costs 11,330               33,776               ‐                              550                         73,814                   4,271                  261,057                 30,392                  
Rentals & Leases 5,368                  52,425               939,462                     481,651                 41,698                   497,054             21,517                   22,460                  
Insurance/Risk Mgmt ‐                      ‐                      ‐                              ‐                          ‐                          126                     ‐                         511                       
Contracted Services 300,174             273,642             68,478                       13,386                   145,332                 421,017             111,659                 350,901                
Utilities 5,550                  ‐                      4,600                          1,826                     ‐                          ‐                      ‐                         ‐                        
Other Departmental Expenses 36,431               81,219               45,031                       45,979                   68,680                   175,544             56,688                   89,934                  
Instructional And Other Materials 332,891             91,751               243,281                     118,068                 110,615                 435,133             757,598                 776,925                
Maintenance and Repair 138,332             38,633               147,009                     12,365                   32,167                   60,078               130,011                 45,704                  
Transfers/Debt ‐                      ‐                      ‐                              ‐                          ‐                          ‐                      ‐                         ‐                        
Contingency 555,653             308,387             384,435                     289,019                 150,000                 200,877             154,130                 22,171                  
Capital Outlay 424,290             28,214               354,573                     2,231                     69,301                   154,151             27,099                   333,895                
 Total 11,782,956$  11,082,671$  14,898,439$          12,278,918$      7,202,693$        15,667,032$  13,561,145$      62,446,426$     
HOUSTON COMMUNITY COLLEGE
FY 2016‐17 Adjusted Budget by Divisions
6
as of October 31, 2016
HOUSTON COMMUNITY COLLEGE
FY 2016‐17 Adjusted Budget by Divisions
 Budgeted Expenditures   CHANCELLOR 
 FINANCE & 
ADMIN. 
 SUSTAINABILITY 
 INSTRUCTIONAL 
SERVICES 
 STUDENT 
SERVICES 
 SYSTEM   Grand Total 
Salary 8,505,161$        34,695,872$     3,497,049$                19,631,217$         5,257,236$           889,047$           206,580,281$      
Employee Benefits ‐                      ‐                      ‐                              ‐                          ‐                          22,116,875        22,116,875          
Supplies & Gen 698,750             836,857             127,428                     360,636                 201,190                 1,587,584          6,133,714            
Travel 249,890             274,304             66,235                       867,669                 95,439                   ‐                      2,345,329            
Marketing Costs 438,417             224,739             5,335                          4,000                     ‐                          ‐                      1,087,681            
Rentals & Leases 66,473               272,246             61,273                       12,319                   5,400                     ‐                      2,479,346            
Insurance/Risk Mgmt 5,824,129          ‐                      ‐                              1,582                     ‐                          ‐                      5,826,348            
Contracted Services 3,328,528          14,902,569        89,819                       135,723                 1,093,812              2,826,053          24,061,093          
Utilities ‐                      1,766,727          ‐                              94                           ‐                          9,482,779          11,261,576          
Other Departmental Expenses 479,590             320,964             98,498                       578,867                 133,458                 ‐                      2,210,883            
Instructional And Other Materials 89,918               6,178,963          36,380                       823,070                 361,668                 ‐                      10,356,261          
Maintenance and Repair 16,909               629,814             4,438                          444                         ‐                          ‐                      1,255,904            
Transfers/Debt 200,000             43,591               ‐                              ‐                          ‐                          33,640,999        33,884,590          
Contingency 159,000             112,384             56,082                       365,947                 197,000                 1,287,871          4,242,956            
Capital Outlay 303,186             2,326,614          40,252                       53,413                   4,158                     ‐                      4,121,377            
 Total 20,359,951$  62,585,644$  4,082,789$            22,834,981$      7,349,361$        71,831,208$  337,964,214$  
7
   
CURRENT & 
LOAN FUNDS1
PLANT & BOND 
FUNDS2
 Total All Funds 
ASSETS
Current Assets:
Cash &  cash equivalents 111,903,204$     23,925,103$          135,828,308$        
Restricted cash & cash equivalents 2,025,057          ‐                             2,025,057              
Short term Investments ‐                          ‐                             ‐                             
Accounts/Other receivable (net) 13,558,412        2,614,939             16,173,352            
Deferred charges 47,653                ‐                             47,653                    
Prepaids 64,306                673,299                737,604                 
Total Current Assets 127,598,632      27,213,342           154,811,974          
Non‐current Assets:
Restricted cash & cash equivalents ‐                          133,337,515         133,337,515          
Restricted long‐term investments ‐                          56,171,885           56,171,885            
Long‐term Investments 38,149,690        ‐                             38,149,690            
Deferred Outflows of Resources: Pension 29,641,042        ‐                             29,641,042            
Advance Funding Valuation Outflows ‐                          10,224,394           10,224,394            
Capital Assets, net 1,200,172          1,094,588,523      1,095,788,695       
Total Non‐current Assets 68,990,905        1,294,322,317      1,363,313,221       
Total Assets 196,589,537$     1,321,535,658$    1,518,125,195$    
LIABILITIES
Current Liabilities:
Accounts payable 9,932,281          6,578,131             16,510,412            
Accrued liabilities 623,412               12,268,008             12,891,420            
Compensated absences 2,919,816          ‐                             2,919,816              
Funds held for others 708,647             189,209                897,856                 
Deferred revenue 1,797,770          329,281                2,127,051              
Notes payable‐current portion ‐                          9,143,299             9,143,299              
Bonds payable‐current portion ‐                          28,320,000           28,320,000            
Total Current Liabilities 15,981,925        56,827,928           72,809,854            
Non‐current Liabilities:
Deposits 440                     ‐                             440                        
Net Pension Liability 78,185,706        ‐                             78,185,706            
Deferred Inflows of Resources: Pension 28,410,749        ‐                             28,410,749            
Advance Funding Valuation Inflows ‐                          2,787,029             2,787,029              
Notes payable ‐                          142,974,407         142,974,407          
Bonds payable ‐                          771,096,905         771,096,905          
Capital lease obligations ‐                          ‐                             ‐                             
Total Non‐current Liabilities 106,596,895      916,858,341         1,023,455,236       
Total Liabilities 122,578,820$     973,686,269$        1,096,265,089$    
 Fund Balance‐ 
August 31, 2016 Unaudited  60,954,420        359,120,057         420,074,477          
Revenues Over Expenditures
     Unrestricted 11,422,484        11,422,484            
     Restricted 1,633,813          1,633,813              
     Net Investment in Plant (11,270,668)          (11,270,668)           
Total Fund Balances 74,010,716$       347,849,389$        421,860,105$        
 Total Liabilities &  Fund Balances  196,589,537$     1,321,535,658$    1,518,125,195$    
1
 In cludes 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 October 31, 2016
8
FY 2015‐16 FY 2016‐17
Budget:
Adjusted Budget FY 2016‐17, Net 41,750,000$         
Revenues Received:
Tuition 46,484,449          26,842,394          27,081,506          
Waivers & Exemptions:
Dual Credit & Early College HS (5,302,212)           (2,191,889)           (3,608,828)           
Other (1,440,396)           (595,990)              (604,858)               
Total Waivers & Exemptions (6,742,608)           (2,787,879)           (4,213,686)           
Total Tuition Revenue, Net 39,741,841$        24,054,515$        22,867,820$         
Budget:
Budget FY 2016‐17, Net 9,500,000$           
Revenues Received:
Tuition 10,105,286          3,466,523            3,392,746             
Waivers & Exemptions:
Department of Corrections (1,649,039)           (310,082)              (470,048)               
Total EL Tuition Revenue, Net 8,456,247$          3,156,441$          2,922,698$           
FY 2015‐16 FY 2016‐17
Dept of Corrections 1,649,039$           310,082$              470,048$                51.6%
Dual Credit & Early College HS Waiver 5,302,212            2,191,889            3,608,828              64.6%
Other:
Employee Fee Exemptions 59,220                 24,246                 20,479                   ‐15.5%
Firemen 10,035                 2,020                    8,676                     329.5%
Hazelwood 792,654               314,939               363,751                 15.5%
Deaf & Blind 203,182               90,285                 88,227                   ‐2.3%
High Ranking Hi SCH Grad 1,519                    775                       1,140                     47.1%
Child of Disabled Vet ETC 3,459                    1,444                    ‐                         ‐100.0%
Emp of State Coll & Univ 2,372                    ‐                        708                         0.0%
Nonres Teach/Research Asst 965                       80                         1,151                     1338.8%
Nonres Competitive Scholar 39,206                 2,744                    2,301                     0.0%
Senior Citizens 12,315                 5,336                    5,584                     4.6%
Scholarship Distribution ‐                        2,800                    ‐                         ‐100.0%
Refugee Waiver ‐                        ‐                        ‐                         0.0%
Foster Children‐Resident 160,182               76,148                 10,037                   ‐86.8%
Fire Academy Waiver (15)                        ‐                        ‐                         0.0%
Undocumented Students 1,859                    1,062                    1,151                     8.4%
TX Tomorrow Waiver 1,792                    1,792                    ‐                         0.0%
Surviving Spouse/Children 2,942                    1,680                    1,712                     1.9%
Peace Officer Exemption 1,359                    615                       1,548                     0.0%
Adopted Student Waiver 147,100               70,024                 98,393                   40.5%
Stipends 250                       ‐                        ‐                         0.0%
Total Other Exemptions 1,440,396            595,990               604,858                 1.5%
Grand Total Exemptions & Waivers 8,391,647$          3,097,961$          4,683,734$            51.2%
9
 Actuals % 
Inc/(Dec)YTD 
vs. PriorYTD 
Exemptions & Waivers
Through October 31, 2016
Account
 End of Year 
Activity 
Year‐to‐Date 
Activity thru 
10/31/2015
 Year‐to‐Date 
Activity thru 
10/31/2016 
Tuition
Tuition ‐ Extended Learning
Exemptions & Waivers
 End of Year 
Activity 
Year‐to‐Date 
Activity thru 
10/31/2015
 Year‐to‐Date 
Activity thru 
10/31/2016 
Houston Community College

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Condensed fs2016 october

  • 2. Summary Summary of Financial Statements 1 Fund Balances Fund Balance Statement  2 Operating Summary HCCS Unrestricted Revenue & Expenditures 3 Auxiliary Sources and Uses of Auxiliary Funds 4 Budgets Adjusted Budgets by Divisions 6 Balance Sheet Balance Sheet by Fund 8 Exemptions/Waivers Exemptions & Waivers Detail 9 Table of Contents For the Period September 1, 2016 ‐ October 31, 2016 Houston Community College System
  • 3. 1    Houston Community College System  Summary of Financial Statements  As of October 31, 2016        In the Unrestricted Fund as of October 31, 2016, total revenue received is $63 million. This  represents 18.6% of budgeted annual revenues of $338 million. Expenses total $49.4 million to  date; which is 14.6% of the total expense budget of $338 million.  Compared with the same  time last year, revenue shows a 1.9% decrease, and expenses are 17.7% lower than the prior  year.  Actual net revenue is $13.6 million to‐date.  That translates into a like amount increase in  fund balance.    Salaries increased 4%.  This increase is due namely to the compensation study alignment and an  across the board salary increase of 2% for full‐time employees.    The expenses in Transfers & Debt show a decrease of $8.7 million namely due to the  redemption of the PFC Westgate Bonds Series 2005A in the amount of $8.1 million in FY2016.    Total revenue and expenses are expected to fall within budget plan at year end.      
  • 4. Unrestricted Restricted Auxiliary Loan &  Endowments  Scholarship Agency           Unexpended  Plant      Capital and  Technology Retirement of  Debt  Investment in  Plant      Public Facility  Corp. Grand Total Fund Balance as of 9/1/2016, Unaudited  $        51,006,557   $     1,673,387   $        8,065,581   $               238,698   $            (29,803)  $                        ‐    $        18,252,093   $       9,116,088   $       66,032,435   $   265,719,441   $      (3,342,508)  $      416,731,968  Revenues            63,007,422          5,699,004             2,728,973                                ‐            32,438,126                             ‐                    376,009                           ‐                2,142,685                            ‐                              ‐            106,392,220  Expenses Salaries 34,654,631            823,599            334,957               ‐                            173,180               ‐                         55,155                    ‐                       ‐                         ‐                        ‐                        36,041,522            Employee Benefits 4,490,517              2,461,789         95,942                 ‐                            ‐                        ‐                         11,229                    ‐                       ‐                         ‐                        ‐                        7,059,477              Supplies & General Exp 534,043                 14,860              89,311                 ‐                            ‐                        ‐                         ‐                          ‐                       ‐                         ‐                        ‐                        638,215                  Travel 200,840                 31,369              26,450                 ‐                            ‐                        ‐                         ‐                          ‐                       ‐                         ‐                        ‐                        258,659                  Marketing Costs 50,644                    1,724                 583,274               ‐                            ‐                        ‐                         ‐                          ‐                       ‐                         ‐                        ‐                        635,642                  Rentals & Leases 306,564                 13,339              450                       ‐                            ‐                        ‐                         ‐                          ‐                       ‐                         ‐                        ‐                        320,354                  Insurance/Risk Mgmt 2,553,739              977                    322                       ‐                            ‐                        ‐                         ‐                          ‐                       ‐                         ‐                        ‐                        2,555,038              Contracted Services 510,768                 588,796            23,340                 ‐                            ‐                        ‐                         285                         ‐                       11,641                   ‐                        ‐                        1,134,830              Utilities 791,055                 ‐                     108,869               ‐                            ‐                        ‐                         ‐                          ‐                       ‐                         ‐                        ‐                        899,925                  Other Departmental Expenses 263,877                 31,670              36,458                 ‐                            ‐                        ‐                         ‐                          ‐                       ‐                         ‐                        ‐                        332,005                  Instructional and Other Materials 1,506,343              11,892              30,310                 ‐                            ‐                        ‐                         ‐                          ‐                       ‐                         ‐                        ‐                        1,548,546              Maintenance and Repair 46,711                    62,818              15                         ‐                            25,787                 ‐                         13,019                    1,700                  ‐                         ‐                        ‐                        150,049                  Transfers (In)/Out1 3,421,676              ‐                     ‐                        ‐                            (716,710)             ‐                         ‐                          ‐                       (2,704,966)           ‐                        ‐                        (0)                             Debt 16,395                    ‐                     ‐                        ‐                            ‐                        ‐                         430,380                 ‐                       4,903,758             475,576               ‐                        5,826,109              Capital Outlay 56,411                    51,941              ‐                        ‐                            ‐                        ‐                         24,313,803            320,860              ‐                         ‐                        ‐                        24,743,015            Depreciation ‐                          ‐                     ‐                        ‐                            ‐                        ‐                         ‐                          ‐                       ‐                         3,932,384           ‐                        3,932,384              Scholarship Distribution ‐                          ‐                     ‐                        ‐                            32,926,285         ‐                         ‐                          ‐                       ‐                         ‐                        ‐                        32,926,285            Total Expenses 49,404,214            4,094,774         1,329,699           ‐                            32,408,542         ‐                         24,823,871            322,560              2,210,433             4,407,960           ‐                        119,002,054          NET REVENUE/(EXPENSES) 13,603,208            1,604,229         1,399,274           ‐                            29,584                 ‐                         (24,447,862)          (322,560)            (67,748)                 (4,407,960)          ‐                        (12,609,834)           Fund Balance Entries (3,403,627)             ‐                     (176,372)             ‐                            ‐                        ‐                         3,621,543              (973,456)            (5,216)                    15,332,593         3,956,220           18,351,684            Fund Balance as of 10/31/2016 61,206,139$         3,277,616$      9,288,482$         238,698$                 (219)$                   ‐$                      (2,574,226)$          7,820,071$        65,959,470$        276,644,074$    613,712$            422,473,819$       1 Transfers include student revenue bond payment funds, scholarship matching funds, and transfers to Unexpended Plant and Capital and Technology Funds. Unaudited Fund Balances and Activities ‐ All Funds as of October 31, 2016 2 HOUSTON COMMUNITY COLLEGE SYSTEM
  • 5. Year‐to‐Date Actuals  Thru October 31,  2016 FY2017 Budget Actuals as a %  of Budget Year‐to‐Date Actuals  Thru October 31,  2016 Year‐to‐Date Actuals  Thru October 31,  2015 Increase (Decrease)  FY2017 Compared to  FY2016 % Increase  (Decrease) REVENUES State Appropriations 16,838,934$     70,162,214$         24.0% 16,838,934$      16,798,900$     40,034$                  0.2% Ad Valorem Taxes 72,424                146,800,000        0.0% 72,424                19,620               52,803                   269.1% Tuition, Net 22,867,820        41,750,000          54.8% 22,867,820         24,054,515       (1,186,695)            ‐4.9% Fees 19,877,791        66,632,000          29.8% 19,877,791         19,739,140       138,651                 0.7% Other Local Income 349,197             2,500,000            14.0% 349,197             378,921            (29,723)                  ‐7.8% Tuition & Fee, Net  ‐‐ Extended Learning 2,922,698           9,500,000              30.8% 2,922,698           3,156,441           (233,743)                 ‐7.4% Indirect Cost Revenues, Grant  78,558                620,000                12.7% 78,558                84,960               (6,402)                    ‐7.5% Total Revenues 63,007,422        337,964,214        18.6% 63,007,422         64,232,497       (1,225,075)            ‐1.9% EXPENSES Salaries 34,654,631        206,580,281        16.8% 34,654,631         33,331,313       1,323,318             4.0% Employee Benefits 4,490,517          22,116,875          20.3% 4,490,517          4,185,472         305,045                 7.3% Supplies Gen Exp 534,043             6,133,714            8.7% 534,043             479,376            54,667                   11.4% Travel 200,840             2,345,329            8.6% 200,840             76,096               124,744                 163.9% Marketing Costs 50,644                1,087,681            4.7% 50,644                32,259               18,385                   57.0% Rental & Leases 306,564             2,479,346            12.4% 306,564             293,169            13,395                   4.6% Insurance/Risk Mgmt 2,553,739          5,826,348            43.8% 2,553,739          4,416,896         (1,863,157)            ‐42.2% Contract Services 510,768             24,061,093          2.1% 510,768             1,798,858         (1,288,090)            ‐71.6% Utilities 791,055             11,261,576          7.0% 791,055             838,143            (47,088)                  ‐5.6% Other Departmental Expenses 263,877             2,210,883            11.9% 263,877             365,843            (101,966)               ‐27.9% Instructional & Other Materials 1,506,343          10,356,261          14.5% 1,506,343          1,826,240         (319,897)               ‐17.5% Maintenance & Repair 46,711                1,255,904            3.7% 46,711                58,740               (12,030)                  ‐20.5% Transfers/Debt 3,438,070          33,884,590          10.1% 3,438,070          12,112,364       (8,674,294)            ‐71.6% Contingency ‐                           4,242,956            0.0% ‐                           ‐                     ‐                          0.0% Capital Outlay 56,411                4,121,377            1.4% 56,411                199,387            (142,975)               ‐71.7%      Total Expenses  49,404,214$     337,964,214$      14.6% 49,404,214$      60,014,156$     (10,609,942)          ‐17.7% NET REVENUE/(EXPENSES) 13,603,208$     ‐$                       0.0% 13,603,208$      4,218,342$        9,384,867$            222.5% HOUSTON COMMUNITY COLLEGE SYSTEM Comparison to Budget and Comparison to Previous Fiscal Year as of October 31, 2016   HCCS CURRENT UNRESTRICTED 3 16.7% of Year Expended
  • 6. Main Leasing Misc. Auxiliary* Foundation Marketing Bookstore  Commission International  Student Services Cafe Club NEO  3100 Main Scholarships Subtotal  Uncommitted 25,538,684$      (16,975,895)$       (2,139,698)$           (24,867,927)$           28,251,330$      (2,463,947)$      (1,657,679)$      (2,066,107)$      3,618,760$      FY2017  Revenue  1,232,778             129,333                 ‐                                ‐                                   1,091,995            ‐                           80,998                 ‐                           2,535,104          Salaries  57,670                   106,848                   ‐                                  ‐                                     ‐                             63,023                   39,502                   ‐                             267,043                Benefits  11,695                   43,818                      ‐                                  ‐                                     ‐                             15,339                   8,043                     ‐                             78,895                  Supplies Gen Exp  3,629                     1,928                        3,454                          ‐                                     ‐                             ‐                             1,726                     ‐                             10,735                  Travel  ‐                             10,414                      3,806                          ‐                                     ‐                             1,914                     ‐                             ‐                             16,134                  Marketing Costs  ‐                             ‐                                ‐                                  583,274                        ‐                             ‐                             ‐                             ‐                             583,274                Rental & Leases  ‐                             450                           ‐                                  ‐                                     ‐                             ‐                             ‐                             ‐                             450                       Contract Services  12,510                   ‐                                1,441                          ‐                                     ‐                             ‐                             288                        ‐                             14,239                  Utilities  108,869                ‐                                ‐                                  ‐                                     ‐                             ‐                             ‐                             ‐                             108,869                Departmental Expenses  ‐                             31,986                      ‐                                  ‐                                     ‐                             2,044                     ‐                             ‐                             34,030                  Instructional & Other  Materials  ‐                             ‐                                ‐                                  ‐                                     ‐                             ‐                             30,310                   ‐                             30,310                  Maintenance & Repair  ‐                             15                             ‐                                  ‐                                     ‐                             ‐                             ‐                             ‐                             15                          Insurance/Risk Mgmt  ‐                             28                             ‐                                  ‐                                     ‐                             ‐                             ‐                             ‐                             28                          Exemptions and Waivers  ‐                             ‐                                ‐                                  ‐                                     ‐                             ‐                             ‐                             613,376                613,376               Transfer/Debt ‐                             ‐                                ‐                                  ‐                                     ‐                             ‐                             ‐                             ‐                             ‐                             Capital Outlay  ‐                             ‐                                ‐                                  ‐                                     ‐                             ‐                             ‐                             ‐                             ‐                             Total Expense  194,373                195,486                   8,700                          583,274                        ‐                             82,320                  79,869                  613,376                1,757,398           Contribution to Fund Balance 1,038,405          (66,153)               (8,700)                   (583,274)                 1,091,995        (82,320)            1,129                (613,376)          777,706          Auxiliary Fund Balance ‐ Uncommitted Portion 4,396,465$      * Expenditures in this category include mailroom, child day care, Minority Male Initiative, Govt. Relation, Mobile Go, etc. 4 Fund Balance –  September 1, 2016 (Unaudited ) HOUSTON COMMUNITY COLLEGE SYSTEM Auxiliary Budget By Fund as of October 31, 2016 Auxilary Funds ‐ Uncommitted Portion
  • 7. Total Saigon Tech Other  International  Initiatives Subtotal  International Student  Vending  Commission Student  Activity Fee Student   Athletic Fee Subtotal  Committed Total Auxiliary 391,768$       (154,092)$     1,820,093$      305,749$         957,788$        1,186,818$    2,450,355$        7,889,208$     (Unaudited) FY2017  Revenue  ‐                         ‐                       ‐                           10,500               451,621             345,125           807,245               3,342,349          Salaries  ‐                          ‐                         ‐                             ‐                            15,501                52,413               67,914                   334,957               Benefits  ‐                          ‐                         ‐                             ‐                            2,699                  14,349               17,048                   95,942                  Supplies Gen Exp  25                       ‐                         25                         12,667                 35,845                30,038               78,551                   89,311                  Travel  1,717                 ‐                         1,717                    ‐                            8,371                  228                     8,599                     26,450                  Marketing Costs  ‐                          ‐                         ‐                             ‐                            ‐                           ‐                           ‐                              583,274               Rental & Leases  ‐                          ‐                         ‐                             ‐                            ‐                           ‐                           ‐                              450                       Contract Services  ‐                          ‐                         ‐                             500                      1,500                  7,101                  9,101                     23,340                  Utilities  ‐                          ‐                         ‐                             ‐                            ‐                           ‐                           ‐                              108,869               Departmental Expenses  ‐                          ‐                         ‐                             ‐                            ‐                           2,429                  2,429                     36,458                  Instructional & Other  Materials  ‐                          ‐                         ‐                             ‐                            ‐                           ‐                           ‐                              30,310                  Maintenance & Repair  ‐                          ‐                         ‐                             ‐                            ‐                           ‐                           ‐                              15                          Insurance/Risk Mgmt  ‐                          ‐                         ‐                             ‐                            294                      ‐                           294                         322                       Exemptions and Waivers  ‐                          ‐                         ‐                             ‐                            ‐                           ‐                           ‐                              613,376              Transfer/Debt ‐                          ‐                         ‐                             ‐                            ‐                           ‐                           ‐                              ‐                             Capital Outlay  ‐                          ‐                         ‐                             ‐                            ‐                           ‐                           ‐                              ‐                             Total Expense  1,742                 ‐                         1,742                    13,167                 64,211                106,557             183,935                 1,943,075           Contribution to Fund Balance (1,742)            ‐                      (1,742)               (2,667)                  387,410              238,567             623,310                 1,399,274        Auxiliary Fund Balance ‐ Intl, Committed, Total 1,818,352$      303,081$         1,345,198$     1,425,386$    3,073,665$        9,288,482$     HOUSTON COMMUNITY COLLEGE SYSTEM Auxiliary Budget By Fund as of October 31, 2016 5 Auxiliary Funds ‐ International and Committed Portions International Committed Fund Balance –  September 1, 2016
  • 8. as of October 31, 2016  Budgeted Expenditures   CENTRAL   NORTH WEST   NORTH EAST   SOUTH WEST   SOUTH EAST   COLEMAN   EXTENDED  LEARNING   ACADEMIC  INSTRUCTION  Salary 9,728,878$        9,740,592$        12,468,839$             10,989,640$         6,146,450$           13,053,997$     11,729,671$         60,246,632$         Employee Benefits ‐                      ‐                      ‐                              ‐                          ‐                          ‐                      ‐                         ‐                         Supplies & Gen 208,009             301,032             204,996                     266,917                 291,240                 502,715             203,773                 342,587                 Travel 36,050               133,000             37,735                       57,286                   73,396                   162,069             107,942                 184,314                 Marketing Costs 11,330               33,776               ‐                              550                         73,814                   4,271                  261,057                 30,392                   Rentals & Leases 5,368                  52,425               939,462                     481,651                 41,698                   497,054             21,517                   22,460                   Insurance/Risk Mgmt ‐                      ‐                      ‐                              ‐                          ‐                          126                     ‐                         511                        Contracted Services 300,174             273,642             68,478                       13,386                   145,332                 421,017             111,659                 350,901                 Utilities 5,550                  ‐                      4,600                          1,826                     ‐                          ‐                      ‐                         ‐                         Other Departmental Expenses 36,431               81,219               45,031                       45,979                   68,680                   175,544             56,688                   89,934                   Instructional And Other Materials 332,891             91,751               243,281                     118,068                 110,615                 435,133             757,598                 776,925                 Maintenance and Repair 138,332             38,633               147,009                     12,365                   32,167                   60,078               130,011                 45,704                   Transfers/Debt ‐                      ‐                      ‐                              ‐                          ‐                          ‐                      ‐                         ‐                         Contingency 555,653             308,387             384,435                     289,019                 150,000                 200,877             154,130                 22,171                   Capital Outlay 424,290             28,214               354,573                     2,231                     69,301                   154,151             27,099                   333,895                  Total 11,782,956$  11,082,671$  14,898,439$          12,278,918$      7,202,693$        15,667,032$  13,561,145$      62,446,426$      HOUSTON COMMUNITY COLLEGE FY 2016‐17 Adjusted Budget by Divisions 6
  • 9. as of October 31, 2016 HOUSTON COMMUNITY COLLEGE FY 2016‐17 Adjusted Budget by Divisions  Budgeted Expenditures   CHANCELLOR   FINANCE &  ADMIN.   SUSTAINABILITY   INSTRUCTIONAL  SERVICES   STUDENT  SERVICES   SYSTEM   Grand Total  Salary 8,505,161$        34,695,872$     3,497,049$                19,631,217$         5,257,236$           889,047$           206,580,281$       Employee Benefits ‐                      ‐                      ‐                              ‐                          ‐                          22,116,875        22,116,875           Supplies & Gen 698,750             836,857             127,428                     360,636                 201,190                 1,587,584          6,133,714             Travel 249,890             274,304             66,235                       867,669                 95,439                   ‐                      2,345,329             Marketing Costs 438,417             224,739             5,335                          4,000                     ‐                          ‐                      1,087,681             Rentals & Leases 66,473               272,246             61,273                       12,319                   5,400                     ‐                      2,479,346             Insurance/Risk Mgmt 5,824,129          ‐                      ‐                              1,582                     ‐                          ‐                      5,826,348             Contracted Services 3,328,528          14,902,569        89,819                       135,723                 1,093,812              2,826,053          24,061,093           Utilities ‐                      1,766,727          ‐                              94                           ‐                          9,482,779          11,261,576           Other Departmental Expenses 479,590             320,964             98,498                       578,867                 133,458                 ‐                      2,210,883             Instructional And Other Materials 89,918               6,178,963          36,380                       823,070                 361,668                 ‐                      10,356,261           Maintenance and Repair 16,909               629,814             4,438                          444                         ‐                          ‐                      1,255,904             Transfers/Debt 200,000             43,591               ‐                              ‐                          ‐                          33,640,999        33,884,590           Contingency 159,000             112,384             56,082                       365,947                 197,000                 1,287,871          4,242,956             Capital Outlay 303,186             2,326,614          40,252                       53,413                   4,158                     ‐                      4,121,377              Total 20,359,951$  62,585,644$  4,082,789$            22,834,981$      7,349,361$        71,831,208$  337,964,214$   7
  • 10.     CURRENT &  LOAN FUNDS1 PLANT & BOND  FUNDS2  Total All Funds  ASSETS Current Assets: Cash &  cash equivalents 111,903,204$     23,925,103$          135,828,308$         Restricted cash & cash equivalents 2,025,057          ‐                             2,025,057               Short term Investments ‐                          ‐                             ‐                              Accounts/Other receivable (net) 13,558,412        2,614,939             16,173,352             Deferred charges 47,653                ‐                             47,653                     Prepaids 64,306                673,299                737,604                  Total Current Assets 127,598,632      27,213,342           154,811,974           Non‐current Assets: Restricted cash & cash equivalents ‐                          133,337,515         133,337,515           Restricted long‐term investments ‐                          56,171,885           56,171,885             Long‐term Investments 38,149,690        ‐                             38,149,690             Deferred Outflows of Resources: Pension 29,641,042        ‐                             29,641,042             Advance Funding Valuation Outflows ‐                          10,224,394           10,224,394             Capital Assets, net 1,200,172          1,094,588,523      1,095,788,695        Total Non‐current Assets 68,990,905        1,294,322,317      1,363,313,221        Total Assets 196,589,537$     1,321,535,658$    1,518,125,195$     LIABILITIES Current Liabilities: Accounts payable 9,932,281          6,578,131             16,510,412             Accrued liabilities 623,412               12,268,008             12,891,420             Compensated absences 2,919,816          ‐                             2,919,816               Funds held for others 708,647             189,209                897,856                  Deferred revenue 1,797,770          329,281                2,127,051               Notes payable‐current portion ‐                          9,143,299             9,143,299               Bonds payable‐current portion ‐                          28,320,000           28,320,000             Total Current Liabilities 15,981,925        56,827,928           72,809,854             Non‐current Liabilities: Deposits 440                     ‐                             440                         Net Pension Liability 78,185,706        ‐                             78,185,706             Deferred Inflows of Resources: Pension 28,410,749        ‐                             28,410,749             Advance Funding Valuation Inflows ‐                          2,787,029             2,787,029               Notes payable ‐                          142,974,407         142,974,407           Bonds payable ‐                          771,096,905         771,096,905           Capital lease obligations ‐                          ‐                             ‐                              Total Non‐current Liabilities 106,596,895      916,858,341         1,023,455,236        Total Liabilities 122,578,820$     973,686,269$        1,096,265,089$      Fund Balance‐  August 31, 2016 Unaudited  60,954,420        359,120,057         420,074,477           Revenues Over Expenditures      Unrestricted 11,422,484        11,422,484                  Restricted 1,633,813          1,633,813                    Net Investment in Plant (11,270,668)          (11,270,668)            Total Fund Balances 74,010,716$       347,849,389$        421,860,105$          Total Liabilities &  Fund Balances  196,589,537$     1,321,535,658$    1,518,125,195$     1  In cludes 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 October 31, 2016 8
  • 11. FY 2015‐16 FY 2016‐17 Budget: Adjusted Budget FY 2016‐17, Net 41,750,000$          Revenues Received: Tuition 46,484,449          26,842,394          27,081,506           Waivers & Exemptions: Dual Credit & Early College HS (5,302,212)           (2,191,889)           (3,608,828)            Other (1,440,396)           (595,990)              (604,858)                Total Waivers & Exemptions (6,742,608)           (2,787,879)           (4,213,686)            Total Tuition Revenue, Net 39,741,841$        24,054,515$        22,867,820$          Budget: Budget FY 2016‐17, Net 9,500,000$            Revenues Received: Tuition 10,105,286          3,466,523            3,392,746              Waivers & Exemptions: Department of Corrections (1,649,039)           (310,082)              (470,048)                Total EL Tuition Revenue, Net 8,456,247$          3,156,441$          2,922,698$            FY 2015‐16 FY 2016‐17 Dept of Corrections 1,649,039$           310,082$              470,048$                51.6% Dual Credit & Early College HS Waiver 5,302,212            2,191,889            3,608,828              64.6% Other: Employee Fee Exemptions 59,220                 24,246                 20,479                   ‐15.5% Firemen 10,035                 2,020                    8,676                     329.5% Hazelwood 792,654               314,939               363,751                 15.5% Deaf & Blind 203,182               90,285                 88,227                   ‐2.3% High Ranking Hi SCH Grad 1,519                    775                       1,140                     47.1% Child of Disabled Vet ETC 3,459                    1,444                    ‐                         ‐100.0% Emp of State Coll & Univ 2,372                    ‐                        708                         0.0% Nonres Teach/Research Asst 965                       80                         1,151                     1338.8% Nonres Competitive Scholar 39,206                 2,744                    2,301                     0.0% Senior Citizens 12,315                 5,336                    5,584                     4.6% Scholarship Distribution ‐                        2,800                    ‐                         ‐100.0% Refugee Waiver ‐                        ‐                        ‐                         0.0% Foster Children‐Resident 160,182               76,148                 10,037                   ‐86.8% Fire Academy Waiver (15)                        ‐                        ‐                         0.0% Undocumented Students 1,859                    1,062                    1,151                     8.4% TX Tomorrow Waiver 1,792                    1,792                    ‐                         0.0% Surviving Spouse/Children 2,942                    1,680                    1,712                     1.9% Peace Officer Exemption 1,359                    615                       1,548                     0.0% Adopted Student Waiver 147,100               70,024                 98,393                   40.5% Stipends 250                       ‐                        ‐                         0.0% Total Other Exemptions 1,440,396            595,990               604,858                 1.5% Grand Total Exemptions & Waivers 8,391,647$          3,097,961$          4,683,734$            51.2% 9  Actuals %  Inc/(Dec)YTD  vs. PriorYTD  Exemptions & Waivers Through October 31, 2016 Account  End of Year  Activity  Year‐to‐Date  Activity thru  10/31/2015  Year‐to‐Date  Activity thru  10/31/2016  Tuition Tuition ‐ Extended Learning Exemptions & Waivers  End of Year  Activity  Year‐to‐Date  Activity thru  10/31/2015  Year‐to‐Date  Activity thru  10/31/2016  Houston Community College