This document provides an unaudited summary of operating statements for Houston Community College System and Public Facility Corporation for the period of September 1, 2013 through August 31, 2014. Total revenues were $293.8 million, 1.6% above the previous year. State appropriations were lower than last year but ad valorem tax collections were higher than budgeted. Total expenses were $281.7 million, 4.3% above last year primarily due to increases in salaries, contracted services, instructional materials and capital outlay. The overall fund balance increased from $339.1 million to $359.8 million.
This document provides a summary of financial information for Houston Community College System (HCCS) for the period of September 1-30, 2014. It includes fund balances, revenues, expenses, budgets, and auxiliary fund information. The key details are:
- The total fund balance for HCCS as of September 30, 2014 was $384,068,312, an increase of $33,541,591 from the beginning of the period.
- Total revenues for the period were $54,698,530, while total expenses were $26,131,153, resulting in net revenue of $28,567,377.
- The auxiliary funds saw total revenues of $1,758,504 and total
The document provides financial information for Houston Community College System for the period of September 1, 2013 through May 31, 2014. It includes a discussion of revenues and expenditures, highlighting that total revenues are projected to be $293 million, which is 2.3% above budget, while expenditures are projected to be $303 million. Salaries are projected to be $170 million, which is 4% above the previous year. Contracted services are projected to be $27 million, which is 10.4% above the previous year.
This document provides a summary of financial statements for Houston Community College System for the period of September 1, 2014 through November 30, 2014. As of November 30, 2014, the unrestricted fund had total revenue of $87.9 million (29.4% of annual budget) and total expenses of $72.8 million (23.7% of annual budget), resulting in a net revenue of $15 million and a $15 million increase in the fund balance. Tuition and fee revenue from extended learning increased 41.7% due to increased enrollment and differential fees for international students. Salaries increased 5% due to a 2% salary increase for full-time employees and higher part-time faculty pay rates. Expenses
This document provides a summary of Houston Community College's operating statements and fund balances for the period of September 1, 2013 through July 31, 2014. It discusses revenues, expenditures, budget priorities funding, and projected fiscal year end balances. Total revenues are projected to be slightly above budget while expenditures are projected to be within budget. Key revenue sources like state appropriations and property taxes are below budget projections but tuition/fees are higher than anticipated. Expenditures are higher than the prior year mainly due to salary increases, higher benefits costs, and increased spending on contracted services and instructional materials. The overall fund balance is projected to increase from the prior fiscal year.
This document provides financial summaries for Houston Community College System for the period of September 1, 2014 to December 31, 2014. It shows that as of December 30, 2014, the System had received $134.1 million in total unrestricted revenue which represents 45% of its budgeted annual revenue. Expenses totaled $93.7 million or 31% of the budgeted amount. The net revenue was $40.4 million, increasing the unrestricted fund balance by that amount. Tuition revenue was up 5% and enrollment for the upcoming spring semester was up 27% and 19% respectively. Salaries increased 5% due to raises while other expenses decreased due to changes in purchasing policies.
This document provides a summary of financial statements for Houston Community College System for the period of September 1, 2014 to October 31, 2014. It shows that total revenue received in the unrestricted fund is $64 million (21% of annual budget) and total expenses are $50.6 million (16.5% of annual budget), resulting in a net revenue of $13.4 million. Tuition and fee revenue for extended learning increased 52.9% due to enrollment increases and differential fees. Salaries increased 5% due to raises while other expenses decreased due to changes in purchase order policies.
The document provides a summary of operating statements for Houston Community College System and Houston Community College Public Facility Corporation for the period of September 1, 2013 to April 30, 2014. Some key highlights include:
- Total revenues were $254,998,462 year-to-date, with state appropriations totaling $42,925,768 and ad valorem tax collections totaling $110,021,187.
- Total expenditures year-to-date were $195,937,242, with salaries totaling $113,211,188 and contracted services totaling $14,702,425.
- Budget priorities funding allocated through April 30, 2014 included $2,374,415 for position management and $
The document provides a summary of operating statements for Houston Community College System for the period of September 1, 2013 through June 30, 2014. Total revenues were $278 million year-to-date, with state appropriations of $56 million and ad valorem taxes of $111 million making up the largest sources of funding. Total expenses were $237 million year-to-date, with the largest expenses being salaries of $139 million and benefits of $15 million. The budget priorities for the year included $14.7 million for items like new faculty positions and security upgrades.
This document provides a summary of financial information for Houston Community College System (HCCS) for the period of September 1-30, 2014. It includes fund balances, revenues, expenses, budgets, and auxiliary fund information. The key details are:
- The total fund balance for HCCS as of September 30, 2014 was $384,068,312, an increase of $33,541,591 from the beginning of the period.
- Total revenues for the period were $54,698,530, while total expenses were $26,131,153, resulting in net revenue of $28,567,377.
- The auxiliary funds saw total revenues of $1,758,504 and total
The document provides financial information for Houston Community College System for the period of September 1, 2013 through May 31, 2014. It includes a discussion of revenues and expenditures, highlighting that total revenues are projected to be $293 million, which is 2.3% above budget, while expenditures are projected to be $303 million. Salaries are projected to be $170 million, which is 4% above the previous year. Contracted services are projected to be $27 million, which is 10.4% above the previous year.
This document provides a summary of financial statements for Houston Community College System for the period of September 1, 2014 through November 30, 2014. As of November 30, 2014, the unrestricted fund had total revenue of $87.9 million (29.4% of annual budget) and total expenses of $72.8 million (23.7% of annual budget), resulting in a net revenue of $15 million and a $15 million increase in the fund balance. Tuition and fee revenue from extended learning increased 41.7% due to increased enrollment and differential fees for international students. Salaries increased 5% due to a 2% salary increase for full-time employees and higher part-time faculty pay rates. Expenses
This document provides a summary of Houston Community College's operating statements and fund balances for the period of September 1, 2013 through July 31, 2014. It discusses revenues, expenditures, budget priorities funding, and projected fiscal year end balances. Total revenues are projected to be slightly above budget while expenditures are projected to be within budget. Key revenue sources like state appropriations and property taxes are below budget projections but tuition/fees are higher than anticipated. Expenditures are higher than the prior year mainly due to salary increases, higher benefits costs, and increased spending on contracted services and instructional materials. The overall fund balance is projected to increase from the prior fiscal year.
This document provides financial summaries for Houston Community College System for the period of September 1, 2014 to December 31, 2014. It shows that as of December 30, 2014, the System had received $134.1 million in total unrestricted revenue which represents 45% of its budgeted annual revenue. Expenses totaled $93.7 million or 31% of the budgeted amount. The net revenue was $40.4 million, increasing the unrestricted fund balance by that amount. Tuition revenue was up 5% and enrollment for the upcoming spring semester was up 27% and 19% respectively. Salaries increased 5% due to raises while other expenses decreased due to changes in purchasing policies.
This document provides a summary of financial statements for Houston Community College System for the period of September 1, 2014 to October 31, 2014. It shows that total revenue received in the unrestricted fund is $64 million (21% of annual budget) and total expenses are $50.6 million (16.5% of annual budget), resulting in a net revenue of $13.4 million. Tuition and fee revenue for extended learning increased 52.9% due to enrollment increases and differential fees. Salaries increased 5% due to raises while other expenses decreased due to changes in purchase order policies.
The document provides a summary of operating statements for Houston Community College System and Houston Community College Public Facility Corporation for the period of September 1, 2013 to April 30, 2014. Some key highlights include:
- Total revenues were $254,998,462 year-to-date, with state appropriations totaling $42,925,768 and ad valorem tax collections totaling $110,021,187.
- Total expenditures year-to-date were $195,937,242, with salaries totaling $113,211,188 and contracted services totaling $14,702,425.
- Budget priorities funding allocated through April 30, 2014 included $2,374,415 for position management and $
The document provides a summary of operating statements for Houston Community College System for the period of September 1, 2013 through June 30, 2014. Total revenues were $278 million year-to-date, with state appropriations of $56 million and ad valorem taxes of $111 million making up the largest sources of funding. Total expenses were $237 million year-to-date, with the largest expenses being salaries of $139 million and benefits of $15 million. The budget priorities for the year included $14.7 million for items like new faculty positions and security upgrades.
This document provides a summary of operating statements for Houston Community College System and Houston Community College Public Facility Corporation for the period of September 1, 2013 through March 31, 2014. It includes a discussion of revenues and expenditures by type, highlighting that state appropriations were lower than the previous year while property tax collections exceeded budget projections. Total revenues are projected to be slightly above budget while expenditures are expected to exceed budget due to increases in salaries, benefits, and contracted services. The document also provides details on transfers between funds and budget priorities funding allocated through March 31, 2014.
For the period of September 1, 2013 through January 31, 2014:
- Total revenues were $177 million, with state appropriations of $29.8 million (3.6% below last year) and property tax collections of $57.2 million. Expenditures totaled $114.6 million.
- Salaries were $69.8 million year-to-date, a 3.8% increase over last year. Contracted services increased 17.4% to $8.8 million due to increases in facilities maintenance.
- The board allocated $14.7 million for budget priorities including faculty positions, student retention programs, and security upgrades.
This document provides a summary of financial statements for Houston Community College System for the period of September 1, 2014 through May 31, 2015. As of May 31, 2015, the system had received total unrestricted revenue of $285.5 million, which represents 95.7% of its budgeted annual revenue of $298.7 million. Total expenses so far are $217.8 million, which is 71% of the budgeted expenses of $306.7 million. Tuition and fee revenue increased by 1.6% year-to-date due to enrollment increases. Salaries increased by 4.3% due to cost of living increases. Expenses related to supplies and materials decreased due to greater oversight of expenditures.
This document provides a summary of financial statements for Houston Community College System for the period of September 1, 2014 to March 31, 2015. It shows that as of March 31, 2015, total revenue received was $254.9 million, representing 85.4% of the annual budgeted revenue. Total expenses were $154.7 million, representing 50.4% of the annual budgeted expenses. The net revenue for the period was $100.3 million, increasing the fund balance by that amount. Tuition and fee revenue increased 3% year-to-date compared to the prior year. Salaries increased 4.6% due to salary increases for employees. Certain expense categories decreased due to greater oversight of expenditures.
This document provides a summary of financial statements for Houston Community College System and Houston Community College Public Facility Corporation for the period of September 1, 2015 to March 31, 2016.
The unrestricted fund had total revenue of $266.3 million (82% of budget) and total expenses of $170.1 million (52.4% of budget), resulting in a net revenue of $96.1 million and a corresponding increase in fund balance. Salaries increased 6% due to a compensation study and 2% salary increase. Expenses in transfers and debt increased $8.1 million due to bond redemption. Revenue and expenses are expected to be within budget by year end.
This document provides financial statements and summaries for Houston Community College System for the period of September 1, 2014 to February 28, 2015. As of February 28, 2015, the unrestricted fund had total revenue of $244.7 million (81.9% of budget) and total expenses of $132.7 million (43.3% of budget), resulting in a net revenue of $112 million and a $112 million increase in the unrestricted fund balance. Tuition and fee revenue increased 5% year-to-date compared to the prior year, while salaries increased 4% and certain expense categories decreased.
This document provides financial statements and summaries for Houston Community College System for the period of September 1, 2014 through July 31, 2015. It summarizes that total revenue received is $303.2 million, which is 101.5% of the budgeted amount, while total expenses are $261.7 million, which is 85.3% of the budgeted amount. The net revenue is $41.5 million, increasing the fund balance by that amount. Tuition and fee revenue increased by 2.7% year-to-date compared to last year, while salaries increased 4% and certain expenses decreased due to greater oversight of spending.
This document provides financial summaries for Houston Community College System for the period of September 1, 2015 through December 31, 2015. It shows that as of December 31, 2015, total unrestricted revenue was $124.1 million which was 38.2% of the annual budgeted revenue. Total expenses were $104.6 million or 32.2% of the annual budget. Compared to the same period last year, revenue decreased 7.5% while expenses increased 11.6%. Property tax revenue decreased $11 million due to delays in collections from large mortgage companies. Salaries expenses increased 4.7% due to compensation adjustments and a 2% salary increase for full-time employees. Expenses for transfers and debt increased due to
This document provides a summary of financial statements for Houston Community College System for the period of September 1, 2014 to January 31, 2015. As of January 31, 2015, total revenue received was $193.7 million, which represents 63.2% of the annual budgeted revenue. Total expenses were $112.2 million, which is 36.6% of the annual budgeted expenses. Compared to the same time period last year, revenue increased by 9.4% while expenses decreased by 2.1%. Tuition and fee revenue increased by 5% due to enrollment increases. Salaries increased by 5% due to annual salary increases for employees. Certain expense categories decreased due to greater oversight of expenditures.
This 3 paragraph summary provides an overview of the financial statements for Houston Community College System for the period of September 1, 2014 to April 30, 2015:
Total unrestricted revenue is $270.3 million (90.5% of budget) while expenses total $198.2 million (64.6% of budget), resulting in a net revenue of $72.2 million. Tuition and fee revenue increased slightly while salaries increased 4.4% due to raises. Expenses decreased in some categories like supplies and materials due to greater oversight of spending. The balance sheet shows a total fund balance of $489.5 million as of April 30, 2015, up from $373.9 million the previous year.
This document provides a summary of financial statements for Houston Community College System for the period of September 1, 2014 through June 30, 2015. As of June 30, 2015, the unrestricted fund had total revenue of $295.4 million, which represents 99% of the annual budgeted revenue. Expenses totaled $238.7 million, which is 78% of the annual budgeted expenses. Revenue increased 6% compared to the prior year while expenses increased 1%. The document also provides details on fund balances, revenue and expenditures by division, balance sheets by fund, and exemptions/waivers.
The document provides financial statements and summaries for Houston Community College System for the period of September 1, 2015 to October 31, 2015. As of October 31, 2015, total revenue received was $64.2 million, which represents 19.8% of the annual budgeted revenue of $324.6 million. Total expenses were $60 million, or 18.5% of the annual budgeted expenses. Compared to the same period last year, revenue increased by 0.4% while expenses increased by 18.5%. The fund balance increased by $4.2 million. Salaries increased 6.3% mainly due to compensation adjustments and a 2% salary increase for full-time employees. Expenses for transfers and debt increased
This document provides a summary of Houston Community College's financial statements for the period of September 1, 2015 through November 30, 2015. It shows that as of November 30, 2015 the college had total revenue of $87.2 million, which represents 26.9% of its annual budgeted revenue of $324.6 million. Expenses for the period totaled $82.6 million, or 25.4% of the annual budgeted expenses of $324.6 million. The unrestricted fund balance increased by $4.6 million for the period.
This document provides a summary of financial statements for Houston Community College System for the period of September 1, 2014 to August 31, 2015. It shows that as of August 31, 2015, total unrestricted revenue was $310.8 million, which was 104% of the budgeted amount. Total unrestricted expenses were $288.5 million, which was 94.1% of budget. The net revenue was $22.3 million, increasing the unrestricted fund balance by that amount. Tuition and fee revenue increased by 2.4% year-to-date due to enrollment increases. Salaries increased 4.1% due to across the board pay raises. Expenses decreased in some categories due to greater oversight of spending
This document provides financial statements and summaries for Houston Community College System for the period of September 1, 2015 to September 30, 2015. It includes summaries of the fund balances, revenues and expenditures for the unrestricted fund. As of September 30, 2015, the total revenue received was $54.8 million (16.9% of the annual budgeted revenue) while total expenses were $26.3 million (8.1% of the annual budgeted expenses). Revenues saw a 0.2% increase from the prior year while expenses increased 0.8%. Salaries increased 8.1% mainly due to a compensation study and 2% salary increase for full-time employees. Revenue and expenses are expected to be within budget
This document provides financial statements and summaries for Houston Community College System and Public Facility Corporation for September 1, 2015 to February 29, 2016. It shows that as of February 29, 2016, the total revenue received was $253.4 million, which is 78.1% of the annual budgeted revenue. Total expenses were $146.8 million, which is 45.2% of the annual budgeted expenses. Compared to the same time last year, revenue increased by 3.6% and expenses increased by 10.6%. The net revenue as of February 29, 2016 was $106.7 million.
The document provides financial statements for Houston Community College System for the period of September 1, 2015 to January 31, 2016. It summarizes that as of January 31, 2016, the System had total revenues of $198 million (61% of annual budget) and expenses of $123.3 million (38% of annual budget). Compared to the same time last year, revenues increased 2.2% while expenses increased 9.9%. The document also provides details on fund balances, revenues and expenses by category, adjusted budgets by divisions, and balance sheets by fund.
This document provides financial statements and summaries for Houston Community College System for the period of September 1, 2016 to September 30, 2016. It shows that as of September 30, 2016 the system had total revenue of $53.3 million which was 15.8% of its annual budgeted revenue. Expenses totaled $24.2 million or 7.2% of the annual budget. Compared to the same period last year, revenue was down 4.3% while expenses were lower by 8%. The system had a net revenue of $29.1 million for the period.
This document provides a summary of financial statements for Houston Community College System and Houston Community College Public Facility Corporation for the period of September 1, 2015 through June 30, 2016. As of June 30, 2016, total unrestricted revenue was $304.2 million, representing 94% of the annual budgeted revenue. Total expenses were $262.5 million, representing 81% of the annual budgeted expenses. The document also provides details on fund balances, revenues and expenses by division, and balance sheets for each fund.
This document provides a summary of financial statements for Houston Community College System and Houston Community College Public Facility Corporation for the period of September 1, 2016 through November 30, 2016. It includes information on fund balances, revenues, expenses, and budgets. Some key details are:
- Total unrestricted revenue is $86.3 million (25.5% of annual budget) while expenses are $72.3 million (21.4% of annual budget)
- Compared to the same period last year, revenue is down 1% while expenses are down 12.4%
- Salaries increased 5% due to a compensation study and 2% salary increase for full-time employees
- Expenses for transfers and debt decreased
The document provides a summary of operating statements for Houston Community College System for the period of September 1, 2013 through June 30, 2014. Total revenues were $278 million year-to-date, with state appropriations of $56 million and ad valorem taxes of $111 million making up the largest sources of funding. Total expenses were $237 million year-to-date, with the largest expenses being salaries of $139 million and benefits of $15 million. The budget priorities for the year included $14.7 million for items like new faculty positions and security upgrades.
This document provides a summary of operating statements for Houston Community College System and Houston Community College Public Facility Corporation for the period of September 1, 2013 through April 30, 2014. It includes a discussion of revenues, expenditures, fund balances, budgets, and other financial details. Some key highlights include:
- State appropriations were down slightly due to reduced one-time funding from the previous biennium. Total appropriations are expected to be $69.2 million.
- Property tax collections were higher than budgeted due to increased property valuations. Total tax revenue is projected to be $112.2 million.
- Tuition and fees revenue was lower than the prior year due to enrollment declines. Revenue is expected to
This document provides a summary of operating statements for Houston Community College System and Houston Community College Public Facility Corporation for the period of September 1, 2013 through March 31, 2014. It includes a discussion of revenues and expenditures by type, highlighting that state appropriations were lower than the previous year while property tax collections exceeded budget projections. Total revenues are projected to be slightly above budget while expenditures are expected to exceed budget due to increases in salaries, benefits, and contracted services. The document also provides details on transfers between funds and budget priorities funding allocated through March 31, 2014.
For the period of September 1, 2013 through January 31, 2014:
- Total revenues were $177 million, with state appropriations of $29.8 million (3.6% below last year) and property tax collections of $57.2 million. Expenditures totaled $114.6 million.
- Salaries were $69.8 million year-to-date, a 3.8% increase over last year. Contracted services increased 17.4% to $8.8 million due to increases in facilities maintenance.
- The board allocated $14.7 million for budget priorities including faculty positions, student retention programs, and security upgrades.
This document provides a summary of financial statements for Houston Community College System for the period of September 1, 2014 through May 31, 2015. As of May 31, 2015, the system had received total unrestricted revenue of $285.5 million, which represents 95.7% of its budgeted annual revenue of $298.7 million. Total expenses so far are $217.8 million, which is 71% of the budgeted expenses of $306.7 million. Tuition and fee revenue increased by 1.6% year-to-date due to enrollment increases. Salaries increased by 4.3% due to cost of living increases. Expenses related to supplies and materials decreased due to greater oversight of expenditures.
This document provides a summary of financial statements for Houston Community College System for the period of September 1, 2014 to March 31, 2015. It shows that as of March 31, 2015, total revenue received was $254.9 million, representing 85.4% of the annual budgeted revenue. Total expenses were $154.7 million, representing 50.4% of the annual budgeted expenses. The net revenue for the period was $100.3 million, increasing the fund balance by that amount. Tuition and fee revenue increased 3% year-to-date compared to the prior year. Salaries increased 4.6% due to salary increases for employees. Certain expense categories decreased due to greater oversight of expenditures.
This document provides a summary of financial statements for Houston Community College System and Houston Community College Public Facility Corporation for the period of September 1, 2015 to March 31, 2016.
The unrestricted fund had total revenue of $266.3 million (82% of budget) and total expenses of $170.1 million (52.4% of budget), resulting in a net revenue of $96.1 million and a corresponding increase in fund balance. Salaries increased 6% due to a compensation study and 2% salary increase. Expenses in transfers and debt increased $8.1 million due to bond redemption. Revenue and expenses are expected to be within budget by year end.
This document provides financial statements and summaries for Houston Community College System for the period of September 1, 2014 to February 28, 2015. As of February 28, 2015, the unrestricted fund had total revenue of $244.7 million (81.9% of budget) and total expenses of $132.7 million (43.3% of budget), resulting in a net revenue of $112 million and a $112 million increase in the unrestricted fund balance. Tuition and fee revenue increased 5% year-to-date compared to the prior year, while salaries increased 4% and certain expense categories decreased.
This document provides financial statements and summaries for Houston Community College System for the period of September 1, 2014 through July 31, 2015. It summarizes that total revenue received is $303.2 million, which is 101.5% of the budgeted amount, while total expenses are $261.7 million, which is 85.3% of the budgeted amount. The net revenue is $41.5 million, increasing the fund balance by that amount. Tuition and fee revenue increased by 2.7% year-to-date compared to last year, while salaries increased 4% and certain expenses decreased due to greater oversight of spending.
This document provides financial summaries for Houston Community College System for the period of September 1, 2015 through December 31, 2015. It shows that as of December 31, 2015, total unrestricted revenue was $124.1 million which was 38.2% of the annual budgeted revenue. Total expenses were $104.6 million or 32.2% of the annual budget. Compared to the same period last year, revenue decreased 7.5% while expenses increased 11.6%. Property tax revenue decreased $11 million due to delays in collections from large mortgage companies. Salaries expenses increased 4.7% due to compensation adjustments and a 2% salary increase for full-time employees. Expenses for transfers and debt increased due to
This document provides a summary of financial statements for Houston Community College System for the period of September 1, 2014 to January 31, 2015. As of January 31, 2015, total revenue received was $193.7 million, which represents 63.2% of the annual budgeted revenue. Total expenses were $112.2 million, which is 36.6% of the annual budgeted expenses. Compared to the same time period last year, revenue increased by 9.4% while expenses decreased by 2.1%. Tuition and fee revenue increased by 5% due to enrollment increases. Salaries increased by 5% due to annual salary increases for employees. Certain expense categories decreased due to greater oversight of expenditures.
This 3 paragraph summary provides an overview of the financial statements for Houston Community College System for the period of September 1, 2014 to April 30, 2015:
Total unrestricted revenue is $270.3 million (90.5% of budget) while expenses total $198.2 million (64.6% of budget), resulting in a net revenue of $72.2 million. Tuition and fee revenue increased slightly while salaries increased 4.4% due to raises. Expenses decreased in some categories like supplies and materials due to greater oversight of spending. The balance sheet shows a total fund balance of $489.5 million as of April 30, 2015, up from $373.9 million the previous year.
This document provides a summary of financial statements for Houston Community College System for the period of September 1, 2014 through June 30, 2015. As of June 30, 2015, the unrestricted fund had total revenue of $295.4 million, which represents 99% of the annual budgeted revenue. Expenses totaled $238.7 million, which is 78% of the annual budgeted expenses. Revenue increased 6% compared to the prior year while expenses increased 1%. The document also provides details on fund balances, revenue and expenditures by division, balance sheets by fund, and exemptions/waivers.
The document provides financial statements and summaries for Houston Community College System for the period of September 1, 2015 to October 31, 2015. As of October 31, 2015, total revenue received was $64.2 million, which represents 19.8% of the annual budgeted revenue of $324.6 million. Total expenses were $60 million, or 18.5% of the annual budgeted expenses. Compared to the same period last year, revenue increased by 0.4% while expenses increased by 18.5%. The fund balance increased by $4.2 million. Salaries increased 6.3% mainly due to compensation adjustments and a 2% salary increase for full-time employees. Expenses for transfers and debt increased
This document provides a summary of Houston Community College's financial statements for the period of September 1, 2015 through November 30, 2015. It shows that as of November 30, 2015 the college had total revenue of $87.2 million, which represents 26.9% of its annual budgeted revenue of $324.6 million. Expenses for the period totaled $82.6 million, or 25.4% of the annual budgeted expenses of $324.6 million. The unrestricted fund balance increased by $4.6 million for the period.
This document provides a summary of financial statements for Houston Community College System for the period of September 1, 2014 to August 31, 2015. It shows that as of August 31, 2015, total unrestricted revenue was $310.8 million, which was 104% of the budgeted amount. Total unrestricted expenses were $288.5 million, which was 94.1% of budget. The net revenue was $22.3 million, increasing the unrestricted fund balance by that amount. Tuition and fee revenue increased by 2.4% year-to-date due to enrollment increases. Salaries increased 4.1% due to across the board pay raises. Expenses decreased in some categories due to greater oversight of spending
This document provides financial statements and summaries for Houston Community College System for the period of September 1, 2015 to September 30, 2015. It includes summaries of the fund balances, revenues and expenditures for the unrestricted fund. As of September 30, 2015, the total revenue received was $54.8 million (16.9% of the annual budgeted revenue) while total expenses were $26.3 million (8.1% of the annual budgeted expenses). Revenues saw a 0.2% increase from the prior year while expenses increased 0.8%. Salaries increased 8.1% mainly due to a compensation study and 2% salary increase for full-time employees. Revenue and expenses are expected to be within budget
This document provides financial statements and summaries for Houston Community College System and Public Facility Corporation for September 1, 2015 to February 29, 2016. It shows that as of February 29, 2016, the total revenue received was $253.4 million, which is 78.1% of the annual budgeted revenue. Total expenses were $146.8 million, which is 45.2% of the annual budgeted expenses. Compared to the same time last year, revenue increased by 3.6% and expenses increased by 10.6%. The net revenue as of February 29, 2016 was $106.7 million.
The document provides financial statements for Houston Community College System for the period of September 1, 2015 to January 31, 2016. It summarizes that as of January 31, 2016, the System had total revenues of $198 million (61% of annual budget) and expenses of $123.3 million (38% of annual budget). Compared to the same time last year, revenues increased 2.2% while expenses increased 9.9%. The document also provides details on fund balances, revenues and expenses by category, adjusted budgets by divisions, and balance sheets by fund.
This document provides financial statements and summaries for Houston Community College System for the period of September 1, 2016 to September 30, 2016. It shows that as of September 30, 2016 the system had total revenue of $53.3 million which was 15.8% of its annual budgeted revenue. Expenses totaled $24.2 million or 7.2% of the annual budget. Compared to the same period last year, revenue was down 4.3% while expenses were lower by 8%. The system had a net revenue of $29.1 million for the period.
This document provides a summary of financial statements for Houston Community College System and Houston Community College Public Facility Corporation for the period of September 1, 2015 through June 30, 2016. As of June 30, 2016, total unrestricted revenue was $304.2 million, representing 94% of the annual budgeted revenue. Total expenses were $262.5 million, representing 81% of the annual budgeted expenses. The document also provides details on fund balances, revenues and expenses by division, and balance sheets for each fund.
This document provides a summary of financial statements for Houston Community College System and Houston Community College Public Facility Corporation for the period of September 1, 2016 through November 30, 2016. It includes information on fund balances, revenues, expenses, and budgets. Some key details are:
- Total unrestricted revenue is $86.3 million (25.5% of annual budget) while expenses are $72.3 million (21.4% of annual budget)
- Compared to the same period last year, revenue is down 1% while expenses are down 12.4%
- Salaries increased 5% due to a compensation study and 2% salary increase for full-time employees
- Expenses for transfers and debt decreased
The document provides a summary of operating statements for Houston Community College System for the period of September 1, 2013 through June 30, 2014. Total revenues were $278 million year-to-date, with state appropriations of $56 million and ad valorem taxes of $111 million making up the largest sources of funding. Total expenses were $237 million year-to-date, with the largest expenses being salaries of $139 million and benefits of $15 million. The budget priorities for the year included $14.7 million for items like new faculty positions and security upgrades.
This document provides a summary of operating statements for Houston Community College System and Houston Community College Public Facility Corporation for the period of September 1, 2013 through April 30, 2014. It includes a discussion of revenues, expenditures, fund balances, budgets, and other financial details. Some key highlights include:
- State appropriations were down slightly due to reduced one-time funding from the previous biennium. Total appropriations are expected to be $69.2 million.
- Property tax collections were higher than budgeted due to increased property valuations. Total tax revenue is projected to be $112.2 million.
- Tuition and fees revenue was lower than the prior year due to enrollment declines. Revenue is expected to
This document provides a summary of financial statements for Houston Community College System and Houston Community College Public Facility Corporation for the period of September 1, 2015 through July 31, 2016. As of July 31, 2016, total revenues received were $312.3 million, representing 96.2% of the annual budgeted revenues of $324.6 million. Total expenses were $284.6 million, representing 87.7% of the annual budgeted expenses of $324.6 million. Salaries increased 6.6% due to compensation adjustments and a 2% salary increase for full-time employees. Expenses in transfers and debt increased $8.7 million due to bond redemption payments. Revenues and expenses are expected to be within
The document provides financial statements for Houston Community College System for the period of September 1, 2015 through May 31, 2016. It summarizes that total revenues received were $294.4 million, which is 90.7% of the annual budgeted revenue of $324.6 million. Total expenses were $239.6 million, which is 73.8% of the annual budgeted expenses of $324.6 million. The net revenue was $54.8 million, increasing the fund balance by that amount. Salaries increased 6.3% mainly due to a compensation study and a 2% salary increase for full-time employees. Expenses for transfers and debt increased $10.6 million mainly due to bond redemption.
This document provides a summary of financial statements for Houston Community College System and Houston Community College Public Facility Corporation for the period of September 1, 2015 through April 30, 2016. As of April 30, 2016, total revenues received were $279.5 million, representing 86.1% of the annual budgeted revenue of $324.6 million. Total expenses were $216 million, representing 66.6% of the annual budgeted expenses of $324.6 million. Compared to the same period last year, revenues increased by 3.4% while expenses increased by 9%.
The document discusses the benefits of exercise for mental health. It states that regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help boost feelings of calmness and well-being.
This document provides the financial statements and audit reports for Houston Community College for the fiscal year ending August 31, 2013. It includes the independent auditor's report, management's discussion and analysis, statements of net position, revenues and expenses, cash flows, notes to the financial statements, supplementary schedules, statistical section, and single audit reports. Houston Community College's strategic plan for 2012-2015 includes seven goals focused on increasing student completion rates, responding to business and industry needs, ensuring instruction provides 21st century skills, developing faculty and staff, supporting innovation, cultivating an entrepreneurial culture, and leveraging local and international partnerships.
This document provides the financial statements and audit reports for Houston Community College for the 2012 and 2011 fiscal years. It includes the independent auditor's report, management's discussion and analysis, statements of net assets, revenues and expenses, and cash flows, along with accompanying notes. It also includes supplemental schedules and a statistical section with additional financial data. The primary financial highlights include Houston Community College continuing efforts to stabilize its financial resources in light of state funding shortfalls by reducing spending and implementing new strategic plans focused on increasing student completion, job skills, and partnerships with business and industry.
This document is Houston Community College's Comprehensive Annual Financial Report for the fiscal year ending August 31, 2015. It includes financial statements, notes to the financial statements, statistical data, and reports from the independent auditor. The report summarizes HCC's financial position and results of operations for fiscal year 2015.
This document provides a summary of financial statements for Houston Community College System for the period of September 1, 2016 to October 31, 2016. It shows that total revenue was $63 million, which was 18.6% of the annual budgeted revenue. Total expenses were $49.4 million, which was 14.6% of the annual budgeted expenses. Compared to the same period last year, revenue decreased by 1.9% while expenses decreased by 17.7%. Salaries increased by 4% due to a compensation study and a 2% salary increase for full-time employees. Expenses for transfers and debt decreased by $8.7 million due to bond redemption in the prior fiscal year. Revenues and expenses are
This document provides a summary of financial statements for Houston Community College System and Houston Community College Public Facility Corporation for the period of September 1, 2015 through August 31, 2016. It includes a summary of revenues and expenses by fund, noting that total revenues received were 98.3% of budget while expenses were 96.3% of budget. It also provides comparisons to the prior year, with revenues up 2.6% and expenses up 8.3%. The balance sheet by fund is included showing fund balances as of August 31, 2016.
The document provides financial statements for Houston Community College System for the period of September 1, 2016 to March 31, 2017. It summarizes that total revenues are $271.9 million (80.4% of budget) and expenses are $169.5 million (50.2% of budget), resulting in net revenue of $102.3 million. Salaries increased 6.4% primarily due to compensation adjustments. The expenses for transfers and debt decreased $8.6 million due to bond redemption. The various fund balances and activities are presented for the period.
The unrestricted fund revenue as of July 31, 2017 was $319.9 million, which is 94.7% of the annual budgeted revenue of $338 million. Expenses totaled $291 million, which is 86.1% of the annual budgeted expenses. Compared to the same period last year, revenues increased 2.4% and expenses increased 2.3%. While the current net revenue is $28.9 million, revenues and expenses are expected to balance out by the end of the fiscal year. Salaries increased 6.5% due to compensation adjustments and a 2% salary increase for full-time employees, while benefits increased 9.8%. Expenses for transfers and debt decreased by $6.
This document provides a summary of financial statements for Houston Community College System and Houston Community College Public Facility Corporation for the period of September 1, 2016 to January 31, 2017. As of January 31, 2017, total revenue was $200.9 million (59.5% of budget) and total expenses were $116.7 million (34.5% of budget), resulting in a net revenue of $84.3 million. Compared to the same period last year, revenue increased 1.5% while expenses decreased 5.4%. Salaries increased 6.8% mainly due to a compensation study and 2% salary increase for full-time employees. Expenses for transfers and debt decreased $8.8 million due to bond
The document provides financial statements for Houston Community College System for the period of September 1, 2017 to October 31, 2017. As of October 31, 2017, total revenue is $63.1 million which represents 18.1% of the annual budgeted revenue of $348.3 million. Total expenses are $52.1 million which is 15% of the annual budgeted expenses of $348.3 million. Compared to the same period last year, revenues are higher by 0.2% and expenses are higher by 5.5%.
This document summarizes the financial statements for Houston Community College System for the period of September 1, 2016 through June 30, 2017. As of June 30, 2017, total revenue was $312 million, which was 92.3% of the budgeted annual revenue of $338 million. Total expenses were $269.4 million, which was 79.7% of the total budgeted expenses of $338 million. Revenues increased by 2.6% compared to the same period last year, while expenses increased by 2.6% as well. Salaries increased 6.6% due to compensation adjustments and a 2% salary increase for full-time employees. Benefits also increased by 10%. The net revenue as of June
CHILD FOUNDATION FINANCIAL STATEMENTS YeJinElias52
CHILD FOUNDATION
FINANCIAL STATEMENTS
Year Ended May 31, 2020
with
Independent Auditors’ Report
CHILD FOUNDATION
Table of Contents
Page
Independent Auditors’ Report 1
Financial Statements
Statement of Financial Position 3
Statement of Activities 4
Statement of Functional Expenses 5
Statement of Cash Flows 6
Notes to Financial Statements 7
- 1 -
Independent Auditors’ Report
The Board of Directors
Child Foundation
Report on the Financial Statements
We have audited the accompanying financial statements of Child Foundation (the Organization), which
comprise the statement of financial position as of May 31, 2020, and the related statements of activities,
functional expenses, and cash flows for the year then ended, and the related notes to the financial
statements.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America; this includes
the design, implementation, and maintenance of internal control relevant to the preparation and fair
presentation of financial statements that are free from material misstatement, whether due to fraud or
error.
Auditors’ Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We
conducted our audit in accordance with auditing standards generally accepted in the United States of
America. Those standards require that we plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the financial statements. The procedures selected depend on the auditors’ judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation
and fair presentation of the financial statements in order to design audit procedures that are appropriate in
the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s
internal control. Accordingly, we express no such opinion. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of significant accounting estimates
made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinion.
- 2 -
Opinion
In our opinion, the financial statements referred to above present fairly, in all material respects, the
financial position of Child Foundation as of May 31, 202 ...
For the period of September 1, 2017 through November 30, 2017:
- Total revenues were $85.4 million, representing 24.5% of the annual budgeted revenues of $348.3 million. Total expenses were $77.8 million, representing 22.3% of the annual budgeted expenses.
- Salaries increased 4.5% from the same period last year, primarily due to compensation adjustments. Several expense categories had variances due to timing differences in transactions.
- As of November 30, 2017, the unrestricted fund had a net revenue of $7.7 million, with revenues and expenses expected to fall within budget by fiscal year-end.
- Total revenue for the Unrestricted Fund as of September 30, 2017 is $53.6 million, representing 15.4% of the annual budgeted revenue of $348.3 million. Expenses total $24.4 million to date, representing 7% of the annual budgeted expenses.
- Compared to the same period last year, revenues are higher by 0.6% and expenses are higher by 0.7%. Actual net revenue as of September 30, 2017 is $29.3 million.
- Salaries increased 3.8% primarily due to a compensation study alignment and a 2% salary increase for full-time employees. Several expense line items have variances due to timing differences that will normalize
Sp1 fy 2013 year end financial report presentation v3 03 24-14cityofevanston
The document provides a summary of the city's fiscal year 2013 4th quarter financial results. It reports that the general fund revenues were above budget by 2.76% while expenditures were above budget by 0.21%, resulting in a $2.2 million surplus. Staff proposes transferring the surplus to other funds. Several revenue categories like sales, property, and athletic taxes exceeded projections. The parking and solid waste enterprise funds had revenue exceed expenses while water and sewer funds had deficits. Negative fund balances in the insurance and solid waste funds could potentially impact the general fund in the future if not addressed.
The Dallas Central Appraisal District proposed a 2016-2017 budget of $24,471,932, a 3.36% increase over the 2015-2016 budget. The budget includes funding for 228 full-time positions, the same as the previous year. A 2.5% merit increase is proposed for employees, tied to average increases by taxing entities. Major expenses include $13.7 million for salaries and wages, $5.7 million for insurance and benefits, and $1.6 million for professional services. Revenue will come from $24.2 million in allocations from local taxing entities, $230,000 in rendition fees, and $10,000 in other income.
This document summarizes the financial statements for Houston Community College System for the period of September 1, 2016 to August 31, 2017. Total revenues were $516 million while total expenses were $627 million, resulting in a net loss of $107 million. Within the Unrestricted Fund, revenues were $327 million (97% of budget) and expenses were $323 million (96% of budget), for a net income of $4.7 million. Expenses increased over the prior year, with salaries up 6.6% and benefits up 15.6%. Transfers and debt expenses decreased by $8.5 million due to bond redemption.
The document summarizes workforce trends in Texas, the Houston region, and at Houston Community College. It notes that while the Texas and Houston economies are growing and job demand is high, traditional college enrollment and the number of high school graduates entering higher education have been declining. TRUE Initiative grants awarded to HCC helped increase enrollment in cybersecurity, commercial driver's license training, and manufacturing programs to help close workforce skills gaps. However, sustained funding is needed to continue meeting the region's workforce needs as the economy grows.
The document provides an overview of Houston Community College System. It summarizes key student demographics which show the student body is diverse with over half being students of color. It also outlines the colleges' strategic priorities which focus on student success, diversity, personalized learning, and becoming the top choice for education. Additionally, it reviews the college's governance structure and administration.
The Houston Community College Small Business Development Program has made improvements to expand opportunities for certified small businesses. The program certification accepts additional certifications from the City of Houston and now includes minority, women, disabled, and disadvantaged owned businesses. The evaluation process for small businesses has also improved to maximize their chance of competing for and winning contracts. Certified small businesses can now receive up to 15 points based on their status and level of subcontracting with other certified small businesses.
This document is the procurement operations procedures manual for HCC. It provides definitions for over 75 procurement-related terms used throughout the manual. The table of contents shows that the manual contains articles on general provisions, sources of supplies and services, procurement methods, competitive sealed bidding, competitive sealed proposals, construction procurement, contract administration and close out. The document establishes standard procedures and guidelines for HCC's procurement processes.
This document provides information about Houston Community College (HCC) for the Common Data Set. It includes contact information for HCC's Office of Institutional Research and general information about HCC such as its status as a public community college with an open enrollment policy. Enrollment numbers from 2020-2021 are provided for full-time and part-time students by gender and race/ethnicity. Graduation and retention rates cannot be provided since HCC is a two-year institution. Application information is given showing total freshman applicants and admits for 2020. Admission requirements are not listed since HCC has an open enrollment policy.
This document contains the bylaws of the Board of Trustees of Houston Community College. It establishes ethics policies for trustees and senior staff, including a code of conduct. It has been amended over 30 times since its initial adoption in 2010 to update various sections. The bylaws cover topics like the board's powers and authority, committees, meetings, and operations. It aims to ensure high ethical standards and proper governance of the college.
This document outlines Houston Community College's regulation regarding ensuring equal access to technology resources for individuals with disabilities. It establishes guidelines for making the college's websites and digital content compliant with Web Content Accessibility Guidelines 2.0 Level AA. It defines key terms and roles, such as designating the ADA/Section 504 Coordinator as responsible for handling requests regarding inaccessible online content. The regulation applies to all college employees and users of technology resources, and states that inaccessible content must be made available in an equally effective alternative format upon request.
This document summarizes the bylaws of the Board of Trustees of Houston Community College. It outlines ethics policies for board members and senior staff, including standards of conduct, prohibited communications during the bid process, and requirements for disclosing conflicts of interest. The bylaws establish that board members must act in the best interests of the college, maintain confidentiality, and avoid undue external influence. Board members and senior staff are prohibited from certain communications with bidders during the bid period and from accepting related political contributions.
1. The document is a memorandum from the Chancellor of Houston Community College to the Board of Trustees regarding new reporting requirements under Texas law for incidents of sexual harassment, assault, dating violence or stalking.
2. It provides details on the requirements of Texas Education Code Section 51.253(c) which mandates that the Chancellor submit a report to the Board and post publicly on incidents reported and their dispositions.
3. Attached is the first report submitted by the Chancellor to the Board as required, providing summary data on 4 reports received under the relevant section of the Code and 1 report regarding failure to report from January to March 2020. The 3 investigations were still ongoing.
1) The document outlines Houston Community College's policy prohibiting discrimination, harassment, sexual harassment, sexual assault, dating violence, stalking, and retaliation.
2) It defines key terms like employee, sex or gender, and sexual harassment. It also defines prohibited conduct covered by the policy.
3) The policy establishes reporting procedures, including mandatory reporting requirements for employees, and designates the Title IX Coordinator to handle reports of sex discrimination.
This document outlines Houston Community College's policy on sex and gender discrimination, including sexual harassment and retaliation. It defines discrimination and prohibited conduct, and establishes procedures for reporting, investigating, and resolving complaints. It designates the Title IX Coordinator and states that any employee receiving a report must notify them. It also provides examples of corrective actions that may be taken following investigations.
This document outlines the bylaws of the Board of Trustees of Houston Community College. It was originally adopted on January 1, 2010 and has been amended numerous times, with the most recent amendment on February 5, 2020. The bylaws cover topics such as ethics and standards of conduct for trustees and staff, the powers and responsibilities of the board, elections, meetings, committees, and board operations. The purpose is to provide internal governance and management for the board and its activities in accordance with applicable laws.
The Houston Community College System's (HCC) total assets decreased by $5.4 million from fiscal year 2018 primarily due to spending $19.4 million to complete capital improvement projects, reducing restricted cash and investments. Total liabilities increased by $76.4 million mainly due to changes in pension and other post-employment benefit assumptions. HCC's net position increased by $3 million to $393 million for fiscal year 2019 despite higher pension and other post-employment benefit expenses. Non-operating revenues increased by $8 million.
This document is Houston Community College's 2019 Annual Clery Security Report, which provides crime statistics and safety policies for the college as required by law. It summarizes crime data for 2018, including reports of crimes such as burglary, assault, and dating violence. It also outlines the college's policies for reporting crimes, making timely warnings, and preparing the annual disclosure. The report provides definitions of Clery-defined crimes and lists contact information for campus safety authorities.
The document is Houston Community College's updated 2019 procurement plan listing 63 anticipated solicitations for goods and services projected to be sourced during the year, grouped by month. It notes that additional needs may be added and that official solicitation notices will be posted on the procurement website. It also outlines prohibited communication policies for proposers during the "blackout period" between advertisement and contract execution or cancellation.
This document provides information about Houston Community College for a Common Data Set. It includes contact information for the college, basic facts such as the types of degrees offered and academic calendar, enrollment numbers broken down by gender and race/ethnicity, persistence and graduation rates, and retention rates. Houston Community College is a public, coeducational institution located in Houston, Texas that offers associate degrees and certificates on a semester system with an undergraduate enrollment of over 57,000 students as of fall 2018.
The document provides tips on how to recognize email scams by learning to spot suspicious elements like generic salutations, alarmist messages, grammatical errors, requests for personal information, and emails that do not come from official college domains. Examples are given of phishing emails disguising themselves as being from Houston Community College but with email addresses from outlook.com, gmail.com, and foreign domains, as well as links that do not match the displayed text. Readers are advised to be wary of these types of suspicious emails.
The document summarizes construction spending to date totaling $342,687,622 on capital improvement projects. Of the total spending, $126,116,612 or 37% went to small, women, minority, disadvantaged, or historically underutilized businesses. The largest portions of protected spending went to small businesses at $107,526,338 or 31% of total spending and women-owned businesses at $22,593,825 or 7% of total spending. The document then lists individual subcontractors and the amounts they were paid in relation to their protected business classifications.
The document summarizes spending to date on a Capital Improvement Program construction project totaling $325.7 million. Of the total spending, $116.4 million or 36% went to small, women, minority, disadvantaged, or historically underutilized businesses. The top categories were: total SBE spending of $98.7 million (30% of total), total MBE spending of $36.7 million (11% of total), and total WBE spending of $17.2 million (5% of total). The document also lists individual subcontractors or vendors that worked on the project, indicating if they were certified in various business categories.
The document summarizes construction spending to date totaling $337,398,887 on a capital improvement program. It shows that 37% of total spending, or $123,246,981, went to small/women/minority/disadvantaged businesses. Specifically, 31% ($104,701,271) went to small businesses, 6% ($21,156,816) to women-owned businesses, and 13% ($42,320,345) to minority-owned businesses. The document also provides a breakdown of individual subcontractor payments by business type.
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPRAHUL
This Dissertation explores the particular circumstances of Mirzapur, a region located in the
core of India. Mirzapur, with its varied terrains and abundant biodiversity, offers an optimal
environment for investigating the changes in vegetation cover dynamics. Our study utilizes
advanced technologies such as GIS (Geographic Information Systems) and Remote sensing to
analyze the transformations that have taken place over the course of a decade.
The complex relationship between human activities and the environment has been the focus
of extensive research and worry. As the global community grapples with swift urbanization,
population expansion, and economic progress, the effects on natural ecosystems are becoming
more evident. A crucial element of this impact is the alteration of vegetation cover, which plays a
significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
these activities. As the most crucial natural resource, its utilization by humans results in different
'Land uses,' which are determined by both human activities and the physical characteristics of the
land.
The utilization of land is impacted by human needs and environmental factors. In countries
like India, rapid population growth and the emphasis on extensive resource exploitation can lead
to significant land degradation, adversely affecting the region's land cover.
Therefore, human intervention has significantly influenced land use patterns over many
centuries, evolving its structure over time and space. In the present era, these changes have
accelerated due to factors such as agriculture and urbanization. Information regarding land use and
cover is essential for various planning and management tasks related to the Earth's surface,
providing crucial environmental data for scientific, resource management, policy purposes, and
diverse human activities.
Accurate understanding of land use and cover is imperative for the development planning
of any area. Consequently, a wide range of professionals, including earth system scientists, land
and water managers, and urban planners, are interested in obtaining data on land use and cover
changes, conversion trends, and other related patterns. The spatial dimensions of land use and
cover support policymakers and scientists in making well-informed decisions, as alterations in
these patterns indicate shifts in economic and social conditions. Monitoring such changes with the
help of Advanced technologies like Remote Sensing and Geographic Information Systems is
crucial for coordinated efforts across different administrative levels. Advanced technologies like
Remote Sensing and Geographic Information Systems
9
Changes in vegetation cover refer to variations in the distribution, composition, and overall
structure of plant communities across different temporal and spatial scales. These changes can
occur natural.
Beyond Degrees - Empowering the Workforce in the Context of Skills-First.pptxEduSkills OECD
Iván Bornacelly, Policy Analyst at the OECD Centre for Skills, OECD, presents at the webinar 'Tackling job market gaps with a skills-first approach' on 12 June 2024
How to Setup Warehouse & Location in Odoo 17 InventoryCeline George
In this slide, we'll explore how to set up warehouses and locations in Odoo 17 Inventory. This will help us manage our stock effectively, track inventory levels, and streamline warehouse operations.
it describes the bony anatomy including the femoral head , acetabulum, labrum . also discusses the capsule , ligaments . muscle that act on the hip joint and the range of motion are outlined. factors affecting hip joint stability and weight transmission through the joint are summarized.
Walmart Business+ and Spark Good for Nonprofits.pdfTechSoup
"Learn about all the ways Walmart supports nonprofit organizations.
You will hear from Liz Willett, the Head of Nonprofits, and hear about what Walmart is doing to help nonprofits, including Walmart Business and Spark Good. Walmart Business+ is a new offer for nonprofits that offers discounts and also streamlines nonprofits order and expense tracking, saving time and money.
The webinar may also give some examples on how nonprofits can best leverage Walmart Business+.
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Walmart Business + (https://business.walmart.com/plus) is a new shopping experience for nonprofits, schools, and local business customers that connects an exclusive online shopping experience to stores. Benefits include free delivery and shipping, a 'Spend Analytics” feature, special discounts, deals and tax-exempt shopping.
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Spark Good (walmart.com/sparkgood) is a charitable platform that enables nonprofits to receive donations directly from customers and associates.
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Communicating effectively and consistently with students can help them feel at ease during their learning experience and provide the instructor with a communication trail to track the course's progress. This workshop will take you through constructing an engaging course container to facilitate effective communication.
Liberal Approach to the Study of Indian Politics.pdf
HCC Financial Report August 2014
1. Unaudited
Summary Operating Statements
For the Period
September 1, 2013 ‐ August 31, 2014
For the Meeting of the Board of Trustees ‐ October 7, 2014
for
Houston Community College System
&
Houston Community College Public Facility Corporation
2. Table of Contents
For the Period September 1, 2013 ‐ August 31, 2014
For the Meeting of the Board of Trustees
Houston Community College System
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
3. Managements Discussion and Analysis
Thru August 31, 2014
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:
Revenues
State Appropriations received year to date totaled $69,202,364, 1.2% 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.
Ad Valorem Tax collections totaled $112,881,772 year‐to‐date. The tax rate for FY 2014 remains the same as the
prior year tax rate at $0.097173. However, the tax rate applied to operations decreased proportionally this year due
to the increase in the tax rate related to debt service. Tax revenue generated by the applied tax rate is trending
higher than budget plan by approximately 8% due to higher than anticipated increases in property valuations within
the taxing district.
Tuition and Fees net revenue year to date totaled $101,840,974 which is 2% lower than the same time last year. Fall
2013 enrollment decreased 1.2%; SCH ‐1.1%, Spring 2014 enrollment is down 3.4%; SCH ‐1.9% to‐date, and Summer
2014 enrollment increased 3%, SCH +2.7% compared to last year.
Tuition & Fee‐Extended Learning receipts totaled $6,910,079 year to date, 5.7% above last year.
Total revenue collections, net of exemptions and waivers, totaled $293,863,951; which is 1.6% above the previous
year.
Expenditures
Total Salaries are $163,822,350 year‐to‐date, 3.1% above the previous year, namely due to the 3% annual salary
increases. Salary expense at year‐end was expected to increase by $1.5M due to changes in TRS guidelines.
Benefits costs totaled $18,512,880 year‐to‐date, 1.7% above last year. This increase is due namely to the reduction
in the state's contribution to TRS and ORP and an increase in health insurance premiums.
Contracted services year‐to‐date totaled $23,841,690, 11.7% 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.
Other Departmental expenses totaled $2,531,325 year‐to‐date, 40.7% above last year. The increase is mainly due to
election expenses incurred and pinning ceremony expenses for Health Sciences.
Instructional & Other Materials year‐to date totaled $7,840,510, 25.2% above last fiscal year. IT upgrades and
additional software purchases contributed to the increase.
i
4. Managements Discussion and Analysis
Thru August 31, 2014
Total operating fund expenditures year‐to‐date total $281,709,383, 4.3% above the previous year.
Maintenance & Repairs expenses totaled $1,629,297 year‐to‐date, which is 50% above the previous year. The
increase is namely due to an increase in building maintenance projects completed in the fiscal year.
Capital Outlay expenses totaled $8,465,259 year‐to‐date, 90% above last year. Building improvements and IT
equipment purchases contributed to the increase.
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.
Budget Priorities funding allocated for the year are detailed below through August 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
Budget
$ 2,374,415
5,535,476
125,000
2,500,000
527,000
1,320,000
1,000,000
1Items requested during the budget planning process for new funding (i.e. Equipment, personnel, adjunct faculty
funding, etc.)
ii
1,300,000
‐
49,500
$ 1 4,731,391
5. Operating Statement ‐ Unaudited Fund Balances (Across all Funds)
Unrestricted Restricted Auxiliary1
Funds
as of August 31, 2014
Loan &
Endowments Scholarship Agency Unexpended Plant7 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 293,863,951 27,074,088 18,321,584 ‐ 102,241,189 10 6,325,881 34,867,355 3,159,858 509,615 486,363,530
Expenses
Salaries 163,822,350 6,327,824 7,104,522 ‐ 1,506,004 ‐ 217,395 ‐ ‐ ‐ 178,978,096
Employee Benefits 19,026,832 13,244,542 1,367,248 ‐ ‐ ‐ 47,857 ‐ ‐ ‐ 33,686,480
Supplies & General Exp 5,371,762 370,534 1,036,644 ‐ ‐ ‐ 37,227 ‐ ‐ ‐ 6,816,167
Travel 1,018,954 208,448 2 06,644 ‐ ‐ ‐ 553 ‐ ‐ ‐ 1,434,598
Marketing Costs 1,030,478 59,657 52,947 ‐ ‐ ‐ 1 ,300 ‐ ‐ ‐ 1,144,382
Rentals & Leases 2,322,798 122,532 72,737 ‐ ‐ ‐ 3 ,520 ‐ ‐ ‐ 2,521,586
Insurance/Risk Mgmt 6,430,295 7,628 5,987 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 6,443,910
Contracted Services 23,841,690 4,617,081 2,038,550 ‐ ‐ ‐ 1,230,553 2 55,406 ‐ ‐ 31,983,279
Utilities 8,474,199 ‐ 4 83,876 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 8,958,075
Other Departmental Expenses3 2,531,325 135,298 4,454,470 ‐ ‐ ‐ 299 ‐ ‐ ‐ 7,121,392
Instructional and Other Materials4 & 5 7,840,510 372,303 2 83,661 ‐ ‐ ‐ 1,069,356 ‐ ‐ ‐ 9,565,831
Maintenance and Repair 1,629,297 573,940 17,086 ‐ 288,613 ‐ 474,585 ‐ ‐ ‐ 2,983,521
Transfers In/Out6 28,910,058 ‐ 4,095,000 ‐ (2,994,164) ‐ 13,884,370 (43,895,264) ‐ ‐ (0)
Debt 993,575 ‐ ‐ ‐ ‐ ‐ 468,995 75,911,706 808,359 ‐ 78,182,634
Capital Outlay 8,465,259 996,309 97,636 ‐ ‐ ‐ 82,364,728 ‐ ‐ 1 85,501 92,109,434
Depreciation ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 1 9,743,511 ‐ 19,743,511
Scholarship Distribution 103,989,984 103,989,984
Total Expenses 281,709,383 27,036,096 21,317,008 ‐ 102,790,438 ‐ 99,800,738 32,271,848 2 0,551,870 1 85,501 585,662,882
Net of Revenue/Expenses 12,154,567 37,992 (2,995,423) ‐ ( 549,249) 10 (93,474,857) 2,595,507 (17,392,012) 3 24,114 (99,299,351)
Fund Balance Entries (534,916) ( 156,367) 96,580,771 2 4,112,612 120,002,098
Debt Funded ‐
Fund Balance as of 08/31/2014 $ 101,072,453 $ 8,760,527 $ 6,030,773 $ 509,932 $ 0 $ (59,601) $ 6,255,168 $ 12,077,727 $ 231,120,715 $ (6,001,707) $ 359,765,987
1
Inculdes Foundation expenses of approx. $1.7M (since inception) supplemental funding approved by the Board.
2 Revenue in Unrestricted Fund is shown net of Exemptions/Waivers, namely $7M 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 $7,840,510 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 $252,155 in the Auxiliary category is attributed to NEO Café.
6 Items in this category include all student revenue bond payments, transfers for scholarship matching funds,
and transfers to the Unexpended Plant Fund.
7 Items in this category are funded through Bonds.
*HCC has adopted and adheres to GASB 34(1999) , GASB 54(2010) and OMB 134(1993). The college has received unqualified audit opinions since the adoption of each.
1
6. FY2013 Actuals FY2014 Budget
HOUSTON COMMUNITY COLLEGE
2013‐2014 Budget vs. Actuals
as of August 31, 2014
HCCS CURRENT UNRESTRICTED
Year‐to‐Date Actuals
Thru August 31, 2014
Actuals as a
% of Budget Unrealized Budget
Year‐to‐Date
Actuals Thru August
31, 2013
2013‐2014
Inc/(Dec) vs. 2012‐
2013
Actuals %
Inc/(Dec)YTD
vs. PriorYTD
Actuals 2013‐2014
Inc/(Dec) vs. Budget
Actuals 2013‐
2014 Inc/(Dec)
vs. Adj Budget
%
REVENUES
State Appropriations $ 70,014,003 $ 69,202,364 $ 69,202,364 100.0% $ ‐ $ 70,014,003 $ (811,639) ‐1.16% ‐ 0.00%
Ad Valorem Taxes 106,097,476 101,478,107 112,881,772 111.2% (11,403,665) 106,097,476 6,784,296 6.39% 11,403,665 11.24%
Tuition, Net 40,063,500 41,453,277 38,739,497 93.5% 2,713,780 40,063,501 (1,324,004) ‐3.30% (2,713,780) ‐6.55%
Fees1 63,996,717 64,922,582 6 3,101,478 97.2% 1,821,104 63,859,465 (757,988) ‐1.19% (1,821,104) ‐2.81%
Other Local Income2 2,184,999 2 ,543,140 2,434,268 95.7% 108,872 2,184,999 249,269 11.41% (108,872) ‐4.28%
Tuition & Fee, Net
6,400,587 6 ,565,665 6,910,079 105.2% (344,414) 6,537,839 3 72,240 5.69%
‐‐ Extended Learning
344,414
5.25%
Grant Revenue 517,655 434,410 594,493 136.9% (160,083) 517,655 76,838 14.84% 160,083 36.85%
Total Revenues 289,274,937 286,599,545 293,863,951 102.5% (7,264,406) 289,274,938 4,589,013 1.59% 7,264,406 2.53%
Assigned Fund Balance Transfers In3
Assigned Fund Balance Transfers In3 ‐ 14,731,391 ‐ 0.0% 14,731,391 ‐ ‐ 0.00% ‐ 0.00%
FY2013 Purchase Order Rolls ‐ 6 ,772,578 ‐ 0.0% 6,772,578 ‐ ‐ 0.00% ‐ 0.00%
Total Assigned FB Transfers In ‐ 21,503,969 ‐ ‐ 21,503,969 ‐ ‐ ‐ ‐ ‐
Total Revenues Plus Assigned FB Transfer In $ 289,274,937 $ 308,103,514 $ 293,863,951 95.4% $ 14,239,563 $ 289,274,938 $ 4,589,013 1.59% $ 7,264,406 2.36%
EXPENSES
Salaries 158,833,961 174,088,416 163,822,350 94.1% 10,266,066 158,833,961 4,988,389 3.14% (10,266,066) ‐5.90%
Employee Benefits 18,704,344 18,152,880 19,026,832 104.8% (873,952) 18,704,344 322,489 1.72% 873,952 4.81%
Supplies Gen Exp 5,216,679 6,175,510 5,371,762 87.0% 803,748 5,216,679 155,083 2.97% (803,748) ‐13.02%
Travel 884,627 1,250,538 1,018,954 81.5% 231,584 884,627 134,327 15.18% (231,584) ‐18.52%
Marketing Costs 1,350,751 1,199,810 1,030,478 85.9% 169,333 1,350,751 (320,274) ‐23.71% (169,333) ‐14.11%
Rental & Leases 2,234,487 2,937,514 2,322,798 79.1% 614,717 2,234,487 88,311 3.95% (614,717) ‐20.93%
Insurance/Risk Mgmt 6,521,682 7,052,698 6,430,295 91.2% 622,403 6,521,682 (91,387) ‐1.40% (622,403) ‐8.83%
Contract Services4 21,341,195 27,430,106 2 3,841,690 86.9% 3,588,416 21,341,195 2,500,496 11.72% (3,588,416) ‐13.08%
Utilities 8,414,469 10,740,479 8,474,199 78.9% 2,266,280 8,414,469 59,730 0.71% (2,266,280) ‐21.10%
Other Departmental Expenses5 1,799,321 2,831,757 2,531,325 89.4% 300,432 1,799,321 732,004 40.68% (300,432) ‐10.61%
Instructional & Other Materials 6,263,298 10,484,301 7,840,510 74.8% 2,643,790 6,263,298 1,577,213 25.18% (2,643,790) ‐25.22%
Maintenance & Repair 1,082,934 1,931,688 1,629,297 84.3% 302,391 1,082,934 546,364 50.45% (302,391) ‐15.65%
Transfers/Debt 33,095,470 30,425,524 29,903,633 98.3% 521,891 33,095,470 (3,191,837) ‐9.64% (521,891) ‐1.72%
Budget Commitments ‐ 1,717,798 ‐ 0.0% 1,717,798 ‐ ‐ 0.00% (1,717,798) ‐100.00%
Capital Outlay 4,451,702 11,684,494 8,465,259 72.4% 3,219,234 4,451,702 4,013,558 90.16% (3,219,234) ‐27.55%
Total Expenses $ 270,194,918 $ 308,103,514 $ 281,709,383 91.4% $ 26,394,131 $ 270,194,918 11,514,465 4.26% (26,394,131) ‐8.57%
NET REVENUE Incr/(Decr) Vs EXPENSES $ 19,080,019 $ 12,154,568 $ 19,080,019 $ 33,658,537
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).
2
7. 3101‐3100
Main Leasing
3104 ‐ Minority
Business
Development
HOUSTON COMMUNITY COLLEGE SYSTEM
Auxiliary Budget By Fund
as of August 31, 2014
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
Assigned Fund Balance at
August 31, 2013
FY2014
Revenue 5 ,486,978 19,861 488,394 ‐ ‐ 2,885,055 3,373,449 (520) 519,804 9,399,572
Salaries 299,175 715,632 89,111 804,743 303,445 273,652 1,681,015
Benefits 78,594 152,574 17,709 170,283 71,322 68,188 388,387
Supplies Gen Exp 60,121 159,267 35,030 194,297 16,924 271,342
Travel 6,339 7,389 13,728 25,452 39,180
Marketing Costs 31,434 31,434 31,434
Rental & Leases 4,011 12,651 38,100 38,100 1,660 56,422
Contract Services 1 ,182,638 324,028 66,029 390,057 2,057 1,574,752
Utilities 480,125 ‐ 3,751 483,876
Departmental Expenses 1,780 444,395 8,349 3 ,859,683 4 ,312,426 25,872 4,340,078
Instructional & Other
600 25,275 25,275 252,155 278,030
Materials
Maintenance & Repair 5,517 1,148 1,148 10,410 17,076
Insurance/Risk Mgmt 28 28 351 379
Exemptions and Waivers 2,065 2,065 2,065
Transfer/Debt5 4 ,101,005 ‐ 4,101,005
Capital Outlay 4,380 87,251 87,251 91,631
Total Expense 6,217,946 12,651 1,962,262 248,891 ‐ 6,070,836 426,443 628,796 13,356,673
Contribution to Fund Balance (730,968) 7,210 (1,473,868) (248,891) (3,859,683) 2,885,055 (2,697,387) (426,963) (108,992) (3,957,101)
$ 17,876,297 $ 7,210 $ ( 14,671,072) $ (1,706,924) $ (20,030,617) $ 23,713,652 $ (12,694,960) $ (1,587,802) $ (1,544,918) $ 2,055,826
Net Assigned Fund Balance
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. $1.7M (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.
3
Auxiliary Funds1
3110
8. HOUSTON COMMUNITY COLLEGE SYSTEM
Auxiliary Budget By Fund
as of August 31, 2014
3207
Saigon Tech2
3208
Saudi Consulting
Services3
Auxiliary Funds1
3209
Qatar
3210
International
Initiatives Subtotal
$ 257,633 $ 155,804 $ 880,316 $ (92,954) $ 1 ,200,800
Assigned Fund Balance at
August 31, 2013
FY2014
Revenue 69,999 6,779,102 6,849,101
Salaries 1,200 5 ,142,768 5 ,143,968
Benefits 935,326 935,326
Supplies Gen Exp 455 12,317 12,772
Travel 7,521 17,327 24,848
Marketing Costs ‐
Rental & Leases ‐
Contract Services 188,625 188,625
Utilities ‐
Departmental
Expenses
9,983 9,983
Instructional &
Other Materials
1,687 1,687
Maintenance &
Repair
‐
Insurance/Risk ‐
Exemptions and
Waivers
‐
Transfer ‐
Capital Outlay ‐
Total Expense 10,863 ‐ 6,306,345 ‐ 6 ,317,207
Contribution to Fund Balance 59,136 ‐ 472,758 ‐ 531,894
$ 316,770 $ 155,804 $ 1,353,074 $ (92,954) $ 1 ,732,694
Net Assigned Fund Balance
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.
4
9. HOUSTON COMMUNITY COLLEGE SYSTEM
Auxiliary Budget By Fund
as of August 31, 2014
3110
Student Auxiliary Funds ‐ Committed1
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
FY2014
Revenue 192,087 1,087,003 878,696 2 ,157,786 18,406,460
Salaries 16,600 63,690 199,249 279,539 7,104,522
Benefits 492 43,044 43,536 1,367,248
Supplies Gen Exp 105,224 568,768 78,538 752,530 1,036,644
Travel 1,037 107,439 34,141 142,616 206,644
Marketing Costs 6,487 1,221 13,806 21,513 5 2,947
Rental & Leases 3,644 12,670 16,315 7 2,737
Contract Services 6,397 115,647 153,128 275,172 2,038,550
Utilities ‐ 483,876
Departmental
21,387 44,486 38,537 104,409 4,454,470
Expenses
Instructional &
Other Materials
795 3,149 3,944 283,661
Maintenance &
Repair
10 10 1 7,086
Insurance ‐ Risk
Mgmt
3,045 2,563 5,608 5,987
Exemptions and
Waivers
29,000 53,499 312 82,810 8 4,875
Transfer ‐ 4,101,005
Capital Outlay ‐ 9 1,631
Total Expense 189,776 959,082 579,146 1,728,003 21,401,883
Contribution to Fund Balance 2,312 127,921 299,550 429,783 (2,995,423)
$ 294,027 $ 969,278 $ 978,947 $ 2 ,242,252 $ 6 ,030,773
1 Funds are committed for services related to students
5
Net Committed Fund Balance
10. Houston Community College
Balance Sheet By Fund
For Month Ended August 31, 2014
CURRENT &
LOAN FUNDS1
PLANT & BOND
FUNDS2 Total All Funds
ASSETS
Current Assets:
Cash & cash equivalents $ 121,197,351 $ 24,757,633 $ 145,954,985
Restricted cash & cash equivalents 12,342,181 ‐ 12,342,181
Short term Investments ‐ ‐ ‐
Accounts/Other receivable (net) 38,305,963 2,370,610 40,676,573
Deferred charges 3,451,743 ‐ 3,451,743
Prepaids 159,978 ‐ 159,978
Total Current Assets 175,457,216 27,128,243 202,585,460
Non‐current Assets:
Restricted cash & cash equivalents ‐ 353,704,896 353,704,896
Restricted long‐term investments ‐ 55,061,042 55,061,042
Long‐term investments 6,829,534 ‐ 6,829,534
Capital Assets, net ‐ 843,405,629 843,405,629
Total Non‐current Assets 6,829,534 1,252,171,566 1,259,001,100
Total Assets $ 182,286,750 $ 1,279,299,810 $ 1,461,586,560
LIABILITIES
Current Liabilities:
Accounts payable 7,281,031 ‐ 7,281,031
Accrued liabilities 5,015,113 2,654,540 7,669,653
Compensated absences 2,357,551 ‐ 2,357,551
Funds held for others 663,045 189,209 852,254
Deferred revenue 50,655,929 2,289,346 52,945,275
Notes payable‐current portion ‐ 7,785,000 7,785,000
Bonds payable‐current portion ‐ 20,285,000 20,285,000
Capital lease obligations‐current ‐ ‐ ‐
Total Current Liabilities 65,972,668 33,203,095 99,175,763
Non‐current Liabilities:
Deposits ‐ ‐ ‐
Notes payable ‐ 161,141,738 161,141,738
Bonds payable ‐ 733,202,308 733,202,308
Capital lease obligations ‐ 102,299,058 102,299,058
Total Non‐current Liabilities ‐ 996,643,104 996,643,104
Total Liabilities $ 65,972,668 $ 1,029,846,199 $ 1,095,818,867
Fund Balance‐
August 31, 2013 Audited 108,357,470 237,031,590 345,389,060
Revenues Over Expenditures
Unrestricted 8,624,228 8,624,228
Restricted (667,614) ( 667,614)
Net Investment in Plant 12,422,021 12,422,021
Total Fund Balances, Unaudited $ 116,314,083 $ 249,453,611 $ 365,767,694
Total Liabilities & Fund Balances $ 182,286,751 $ 1,279,299,811 $ 1,461,586,560
1 In cludes Unrestricted, Restricted, Loan & Endowment, Scholarship, Agency and Auxiliary Funds.
2 Includes Unexpended Plant, Retirement of Debt and Investment in Plant Funds.
6
11. HOUSTON COMMUNITY COLLEGE
FY 2013‐14 Adjusted Budget by Colleges
as of August 31, 2014
TM CENTRAL
NORTH
WEST
NORTH
EAST
SOUTH
WEST
SOUTH EAST COLEMAN
EXTENDED
LEARNING
SYSTEM Grand Total
Salaries $ 23,989,945 $ 24,837,655 $ 19,009,058 $ 26,728,279 $ 15,366,291 $ 11,277,940 $ 10,500,621 $ 42,378,627 $ 174,088,416
Employee Benefits ‐ ‐ ‐ ‐ ‐ ‐ ‐ 18,152,880 18,152,880
Supplies & Gen 376,056 461,184 227,246 400,221 303,196 341,630 188,078 3,877,898 6,175,510
Travel 124,369 161,752 24,632 74,170 35,506 136,012 61,282 632,816 1,250,538
Marketing Costs 34,989 40,336 58,094 34,800 92,394 38,123 178,320 722,755 1,199,810
Rentals & Leases 7,477 141,931 964,614 534,691 79,402 469,051 21,513 718,835 2,937,514
Insurance/Risk Mgmt 906 406 50 462 ‐ ‐ ‐ 7,050,874 7,052,698
Contracted Services 326,595 299,993 83,164 45,779 121,200 305,669 20,792 26,226,914 27,430,106
Utilities 5,025 68 4,600 2,133 ‐ ‐ ‐ 10,728,653 10,740,479
Other Departmental Expenses 69,053 62,692 40,688 40,351 45,393 110,421 28,640 2,434,519 2,831,757
Instructional and Other Materials 478,602 236,736 150,363 230,868 155,464 395,500 481,636 8,355,132 10,484,301
Maintenance and Repair 185,889 46,094 37,517 50,853 40,646 83,003 118,753 1,368,933 1,931,688
Transfers/Debt ‐ 860,561 5,637,942 1,200,000 ‐ ‐ ‐ 22,727,021 30,425,524
Budget Commitments/Priority Funding 10,677 695 7,281 ‐ ‐ 4,801 ‐ 1,694,344 1,717,798
Capital Outlay 495,386 836,756 77,462 307,515 153,058 522,790 158,061 9,133,465 11,684,494
Grand Total $ 26,104,969 $ 27,986,860 $ 26,322,711 $ 29,650,121 $ 16,392,550 $ 13,684,941 $ 11,757,696 $ 156,203,666 $ 308,103,514
7
12. Exemptions & Waivers
Thur August 31, 2014
FY 2012‐13 FY 2013‐14
Budget:
Adjusted Budget FY 2013‐14, Net $ 41,453,277
Revenues Received:
Tuition 46,926,645 46,926,645 45,771,753
Waivers & Exemptions:
Dual Credit (4,877,897) (4,877,897) (4,931,925)
Other (1,985,247) (1,985,247) (2,100,332)
Total Waivers & Exemptions (6,863,144) (6,863,144) (7,032,257)
Total Tuition Revenue, Net $ 40,063,501 $ 40,063,501 $ 38,739,497
Budget:
Budget FY 2013‐14, Net $ 6,565,665
Revenues Received:
Tuition 8,815,241 8,815,241 8,931,465
Waivers & Exemptions:
Corrections (2,277,402) (2,277,402) (2,021,386)
Total EL Tuition Revenue, Net $ 6,537,839 $ 6,537,839 $ 6,910,079
FY 2012‐13 FY 2013‐14
Year‐to‐Date
Activity thru
08/31/2013
Year‐to‐Date
Activity thru
08/31/2014
Actuals %
Inc/(Dec)YTD
vs. PriorYTD
Dept of Corrections $ 2,277,402 $ 2,277,402 $ 2,021,386 ‐11.24%
Dual Credit Waiver 4,877,897 4,877,897 4,931,925 1.11%
Other:
Employee Fee Exemptions 70,071 70,071 69,909 ‐0.23%
Firemen 25,475 25,475 26,082 2.38%
Hazelwood 1,266,190 1,266,190 1,416,167 11.84%
Deaf & Blind 258,017 258,017 207,012 ‐19.77%
High Ranking Hi SCH Grad 2,418 2,418 1,240 ‐48.72%
Child of Disabled Vet ETC 1,686 1,686 285 ‐83.10%
Emp of State Coll & Univ 319 319 ‐ 0.00%
Nonres Teach/Research Asst 10,443 10,443 6,372 ‐38.98%
Nonres Competitive Scholar 2,301 2,301 11,346 393.09%
Senior Citizens 15,857 15,857 15,532 ‐2.05%
Misc Tuition/Fees Waivers ‐ ‐ 6,576 0.00%
Scholarship Distribution ‐ ‐ 10,000 0.00%
Apprenticeship Waivers ‐ ‐ ‐ 0.00%
Refugee Waiver ‐ ‐ 183 0.00%
Foster Children‐Resident 304,145 304,145 300,508 ‐1.20%
Undocumented Students ‐ ‐ 11,383 0.00%
TX Tomorrow Waiver ‐ ‐ 2,912 0.00%
Surviving Spouse/Children ‐ ‐ 2,120 0.00%
Peace Officer Exemption 14,275 14,275 3,655 ‐74.40%
Stipends 14,050 14,050 3,000 0.00%
Scholars Costs Funded by State ‐ ‐ 6,050 0.00%
Total Other Exemptions 1,985,247 1,985,247 2,100,332 5.80%
Grand Total Exemptions & Waivers $ 9,140,546 $ 9,140,546 $ 9,053,643 ‐0.95%
8
Account
End of Year
Activity
Year‐to‐Date
Activity thru
08/31/2013
Year‐to‐Date
Activity thru
08/31/2014
Tuition
Tuition ‐ Extended Learning
Exemptions & Waivers
End of Year
Activity