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DOCUMENT RESUME
ED 396 775 JC 940 289
TITLE Community College Financial Report. Revised.INSTITUTION Iowa State Dept. of Education, Des Moines. Div. of
Community Colleges.PUB DATE 26 Jan 94NOTE 78p.
2UB TYPE Reports Research/Technical (143)
EDRS PRICE MFOI/PC04 Plus Postage.DESCRIPTORS *Budgets; Community Colleges; Comparative Analysis;
*Educational Finance; *Educational Trends;*Expenditures; *Operating Expenses; Salaries; StateSurveys; Tuition; Two Year Colleges
IDENTIFIERS *Iowa Community College System
ABSTRACTThis report provides historical data on revenue and
expenditures for the 15 community colleges in Iowa, focusing onfiscal years (FYs) 1993 and 1994. Following a brief introduction, thefirst section provides tables for individual colleges comparingrevenue sources and expenditures by function as approved by the stateBoard of Education to revenues and expenditures in the colleges'actual working budgets for FY 1992, FY 1993, and FY 1994. Thissection indicates that 5 of the 15 colleges exceeded their budgetsfor FY 1992, while 8 did so in FY 1993. The second section describeschanges in revenue and expenditures from FY 1993 to FY 1994,indicating that revenue increased by only 4.317., while expendituresincreased by 6.51%. The third section provides tables showingincreases or reductions in the colleges' working budgets from FY 1993to FY 1994, focusing on tuition and fees, local support, and stategeneral aid as percentages of total revenues, as well as salaryincreases as a percent of total expenditures. This section als,)presents praphs showing trends in revenues and expenditures from 1983to 1993, focusing on total revenue, tuition support, property taxsupport, state aid, total expenditures, and support from fees, aswell as amounts for these variables per full-time equivalent enrolleefor the same period. The final section provides a summary of trends.A list of college presidents and business managers and a glossary ofterms are appended. (KP)
***********************************************************************
Reproductions supplied by EDRS are the best that can be madefrom the original document. . ,*
***********************************************************************
COMMUNITY COLLEGE FINANCIAL REPORT
January 13, 1994
U S DEPARTMENT OF EDUCATIONOrrrce el Educatronal Research eel Improvernera
EDUCATIONAL RESOURCES INFORMATIONCENTER (ERIC)
)(This document has been reproduced asreceived from the person or organizationorigmating it
.0 Minor changes have been made toimprove reproduction quality
Points of view or opinions stated in thisdocument do not necessarily representofficial OERI position or policy
PERMISSION TO REPRODUCE ANDDISSEMINATE THIS MATERIAL
HAS BEEN GRANTED BY
M. J. Bruett
TO THE EDUCATIONAL RESOURCESINFORMATION CENTER (ERIC)
REVISED JANUARY 26, 1994
BEST COPY AVAILABLE
TABLE OF CONTENTS
Preface
Purpose of Report i
Section 1
FY91-93 Community College Budget Activities 1
FY94 Community College Current Budget Status 1
Comparison of Revenue and Expendituresto State Board Approved Revenue and Expenditures 2-16
FY91-94 State Summary Revenue amd Expenditures 17
Sgs limit
Comparison of FY94 to FY93 State Budget Information 18
Comparison of FY94 Working Budgets EstimatedReveue and Expenditures to FY93 Actual Revenueand Expenditures 19
Section III
Overview of revenue and expenditures (FY83 to FY93) 20-22
Graphical Comparison Showing Percent of change by year 23-26of certain Revenue and Expenditures
Graphical Comparison of absolute dollars toConsumer Price Index (CPI) adjusted dollars 27-32
FTEE comparison by absolute dollars to CPIadjusted dollars 33-38
Section IV
Summary 39
Appendices
School Directory 40Defmitions of Terms 41
PURPOSE OF REPORT
The State Board of Education has statutory responsibility for approval of the community collegebudgets. However, at the time the State Board is asked to approve budgets, usually in May,some major revenue sources and expenditures are not yet known. As a result, starting withFY92, department staff began providing the State Board with a follow-up report of workingbudget activities. This sets forth more clearly the operating budget. It also includes otherfinancial data which may be of interest to the State Board. The overall purpose of this report isto provide a clear picture of the actual financial status of each of the community coi.eges.
Section I provides a series of financial datf reports, the first of which includes a comparison ofFY91-93 budget revenue and expenditures as approved by the State Board of Education to theFY91-93 community college actual revenue and expenditures.
Another area of financial information In this section relates to the college's current FY94 budgets.Since there were many unknowns at the time the state board approved the FY94 collegebudgets in May 1993, the colleges were asked to provide a working budget as of September 30,1993. The opportunity to review the working budget in comparison to the State Board approvedbudget is provided.
Section II provides comparative data of FY94 to FY93. Since the colleges are in a new budgetyear, it was fett that it would be of importance to review the FY94 increase or reductions of theworking budget as compared to the actual revenue and expenditures for FY93.
Section III of the report illustrates by line graph an eleven-year comparison of percent of increaseor decrease, by year, of selected sources of revenue and expenditures. The same graphs alsoprovide a comparison of changes in total revenue and expenditures.
The second part of this section provideS a set of graphs (p. 27 to 38) which illustrate the effectsof applying an inflation factor, CPI (Consumer Price Index), to selected revenues andexpenditures. This attempts to show whether revenue and expenditures have kept pace withinflation. In looking at the three major sources of revenue, tuition has shown growth, general aidis experiencing a slight decline, while property tax has continued to slide. Salary expenditurescontinue to show minimal growth above the inflationary level. In order to provide a morecomplete picture of the complex factors involved in community college finance, changes inrevenue and expenditures per FTEE over the same eleven-year period have been included andcompared with patterns of revenue and expenditures, also adjusted for inflation. Thesecomparisons show that tuition has kept pace with inflation and general aid has declined.Although salaries have shown growth in overall expenditures, they have not kept pace withinflation on an FTEE basis. Global comparative data are provided based on FTEE, futureanalyses should utilize other sources to provide a foundation for more definitive comparisons.
1
SECTION I
fY91-93 Historical Budget Information
The State Board has indicated in previous discussions that was important to provide severalyears of comparative financial data to have a clearer picture of community college finances. Thiscollection of financial data (pp. 2 to 17) is presented by individual community college. The intentis to provide three-years (FY91, 92, and 93) of information, where the year-end actual revenueand expenditures are compared to the budget estimate of revenue and expenditures, asreviewed and approved by the State Board in May. The data shows that five of the fifteencommunity colleges exceeded their State Board approved budgets in FY92, while in FY93, eightcolleges exceeded their approved budgets. Initial conservation may be due to colleges'concerns about changing economic conditions. It should be pointed out that on a statewidebasis the working budgets for FY92 and FY93 were less than what were approved by the StateBoard. A review of the unrestricted fund balance for this three-year period also shows that tenof the fifteen colleges plan to continue improving their fund balance. Overall, the fund balancesimproved by approximately $2.6 million dollars (p. 17). It is particularly encouraging to see thatIowa Valley Community College District (p. 7) is still continuing to make tremendous progressin improving their unrestricted fund balance from a deficit in FY91. By restricting expendituresand increasing tuition charges, Iowa Valley Community College District has been able to showthat it is now in a sound financial position. This is particularly important for the institution's bondrating.
fY94 Current Budget Status
A year ago at this time, community colleges were beginning to finalize their FY94 budgets forpublication in local newspapers, setting a public hearing date, and having that hearing prior toMarch 15. This very quickly brings forth the annual problem of trying to develop a budgetwithout knowing the general aid appropriation, local 1...?operty tax revenue, final tuition charges,and the salary increases based on collective bargaining activities. Budgets were submitted tothe Department of Education in April for State Board review and action in May 1993. The aboveidentified factors were still not resolved at that time; therefore, it was suggested that a copy ofthe college's working budgets be submitted at a later date.
Each community college's financial report, illustrated in the tables that follow, includes datarelating to the FY94 budget (column 8) as approved in May 1993 by the State Board ofEducation. Staff requested that the colleges provide information relating to their current workingbudget as of September 30. This data is identified in column 9 while column 10 shows how theworking budget compared to the State Board approved budget. Please note that Iowa ValleyCommunity College District is planning further improvement in their fund balance ($341,130 FY93to $42V1,137 FY94).
In comparing the FY94 statewide summary of working budgets to state board approved budgets(p. 17 column 9 to column 8), indications are that revenue from fees will increase, while tuition,local/state support, and federal vocational funds will be less than anticipated. State support hasbeen particularly troublesome since general aid was appropriated at the $111M dollar level, asopposed to the request of $138M authorized by the statute. Altough the state budget isoperating under very stringent financial conditions, it does not appear that an overall reductionin state support will have to be made.
A review of expenditure categories, more specifically salaries, shows that the increase inexpenditures will be less than originally anticipated.
Dep
artm
ent o
f Edu
catio
n
Com
mun
ity C
olle
ges
FY
94
Fin
anci
al R
epor
t (R
evis
ed)
Mer
ged
area
IN
ofth
east
Iow
a C
omm
unity
Col
lege
Col
1
Beg
inni
ng fu
nd b
alan
ceR
EV
EN
UE
SO
UR
CE
S
S.B
. App
r.B
udge
t19
92
Col
2
Act
uel
1992
Col
3
501,
222
Act
ual
% o
fB
udge
t
Col
4
S.B
. App
r.B
udge
t19
93
Col
5
Act
ual
1993
Col
6
548,
799
Act
ual
% o
fB
udge
t
Col
7
S.B
. App
r.B
udge
t19
94
Col
8
Wor
king
Bud
get
1994
Col
9
600,
768
Wor
kfrig
% o
fB
udge
t
Col
1 0
Stu
dent
Fee
s34
1,81
432
0,61
193
.80%
325,
537
351,
235
107.
89%
325,
537
325,
537
100.
00%
Tui
tion
2,78
0,63
42,
990,
818
107.
56%
3,18
4,04
23,
817,
140
119.
88%
3,90
4,11
23,
904,
112
100.
00%
Loca
l Sup
port
1,06
9,76
91,
018,
733
95.2
3%1,
006,
520
1,01
5,53
010
0.90
%1,
039,
983
1,02
6,52
098
.71%
421
Sta
te G
ener
al A
id5,
228,
884
4,89
9,70
693
.70%
4,95
3,20
04,
968,
891
100.
32%
5,20
4,72
45,
237,
644
100.
63%
426-
429
Sta
te A
id O
ther
39,0
0055
,949
143.
46%
40,0
0356
,294
140.
74%
45,0
0045
,000
100.
00%
430-
449
Fed
eral
Aid
322,
852
424,
425
131.
46%
399,
192
564,
379
141.
38%
399,
384
350,
246
87.7
0%S
ales
And
Ser
vice
03,
423
0.00
%0
368
0.00
%0
00.
00%
Oth
er in
com
e27
5,73
833
9,37
612
3.08
%53
1,02
319
8,87
037
.45%
393,
022
656,
247
166.
97%
TO
TA
L R
EV
EN
UE
10,0
58,6
9110
,053
,041
99.9
4%10
,439
,514
10,9
72,7
0710
5.11
%11
,311
,762
11,5
45,3
0910
2.06
%
EX
PE
ND
ITU
RE
S B
Y F
UN
CT
ION
Libe
ral A
rts
& S
cien
ces
575,
000
725,
596
126.
19%
661,
177
978,
018
147.
92%
817,
844
877,
442
107.
29%
Voc
atio
nal T
echn
ical
5,52
3,03
65,
417,
370
98.0
9%5,
562,
675
5,49
2,53
598
.74%
5,72
9,06
35,
841,
924
101.
97%
Adu
lt E
duca
tion
1,28
1,06
31,
191,
953
93.0
4%1,
328,
394
1,22
8,10
692
.59%
1,35
5,01
91,
373,
891
101.
39%
Coo
pera
tive
Ser
vice
s0
00.
00%
00
0.00
%0
00.
00%
Adm
inis
trat
ion
483,
025
469,
140
97.1
3%48
8,69
547
3,99
696
.99%
504,
149
507,
993
100.
76%
Stu
dent
Ser
vice
s64
4,39
065
6,47
810
1.88
%72
2,30
767
1,32
99!
.94%
704,
898
715,
809
101.
55%
Lear
ning
Res
ourc
es25
0,88
623
8,82
694
.40%
260,
543
304,
470
1168
6%32
6,74
332
3,26
898
.94%
Phy
sica
l Pla
nt76
7,72
053
1,42
369
.22%
644,
524
860,
696
133.
54%
932,
779
946,
715
101.
49%
Gen
eral
Inst
itutio
n56
8,55
277
8,68
113
6.96
%77
3,19
989
8,09
811
6.15
%94
1,26
795
8,26
010
1.81
%
TO
TA
L D
ISB
UR
SE
ME
NT
S10
,093
,692
10,0
07,4
6799
.15%
10,4
39,5
1410
,907
,246
104.
48%
11,3
11,7
6211
,545
,302
102.
06%
EX
PE
ND
ITU
RE
S B
Y C
AT
EG
OR
YS
alar
ies
8,42
6,81
68,
659,
977
102.
77%
8,87
4,19
59,
144,
858
103.
05%
9,33
1,04
09,
792,
817
104.
95%
Ser
vice
s1,
141,
566
890,
352
77.9
9%1,
039,
242
1,23
3,83
711
8.72
%1,
409,
755
1,12
4,28
079
.75%
Mat
hs, S
upp
& T
rave
l51
1,81
644
1,75
086
.31%
495,
197
529,
140
108.
85%
539,
646
595,
779
110.
40%
Cur
rent
Exp
ense
s13
,493
11,3
0583
.78%
30,8
80(2
1,28
7)-6
8.93
%31
,320
32,4
3010
3.54
%
Cap
ital O
utla
y0
4,06
40.
00%
020
,897
0.00
%0
00.
00%
TO
TA
L D
ISB
UR
SE
ME
NT
S10
,093
,691
10,0
07,4
6899
.15%
10,4
32,5
1410
,907
,245
104.
48%
11,3
11,7
6111
,545
,308
102.
06%
Adj
ustm
ents
duo
to a
udit
(3)
1 1
,492
End
ing
fund
bal
ance
(A
S-1
5D)
546,
709
600,
768
600,
772
6
Mer
ged
area
II -
Nor
th Io
wa
Are
a C
omm
unity
Col
lege
Col
1
Beg
inni
ng fu
nd b
alan
ceR
EV
EN
UE
SO
UR
CE
S
S.B
. App
r.B
udge
t19
92
Col
2
Act
ual
1992
Col
3
1,08
6,33
3
Act
ual
% o
fB
udge
t
Col
4
S.B
. App
r.B
udge
t19
93
Col
5
Act
ual
1993
Col
6
1,10
5,47
9
Act
ual
% o
f
Bud
get
Col
7
S.B
. App
r.B
udge
t19
94
Col
8
Wor
Icin
gB
udge
t19
94
Col
9
1,04
3,60
1
Wor
king
% o
fB
udge
t
Col
10
Stu
dent
Fee
s22
5,97
223
1,04
610
2.25
%23
' 49
025
3,52
210
5.86
%25
6,36
225
6,36
210
0.00
%T
uitio
n3,
442,
569
3,67
9,25
510
6.88
%3,
57o,
872
3,90
6,45
510
924%
4,04
9,65
14,
082,
715
100.
82%
Loco
. :su
ppor
t89
8,74
280
7,14
589
.81%
873,
170
792,
802
SZ
..80%
847,
272
805,
707
95.0
9%42
1 S
tate
Gen
eral
Aid
6,29
7,61
25,
905,
888
93.7
8%6,
388,
732
5,98
7,30
093
.72%
6,21
9285
6,30
8,21
410
1.43
%42
6-42
9 S
tate
Aid
Oth
er76
,117
32,6
6542
.91%
32,5
2817
,313
53.2
2%10
5,40
030
,400
28.8
4%43
0-44
9 F
eder
al A
id27
1,48
655
7,88
520
5.49
%64
1,33
759
4,06
192
.63%
460,
824
496,
004
107.
63%
Sal
es A
nd S
ervi
ce33
2,89
423
4,37
270
.40%
314,
704
292,
934
93.0
6%21
0,50
818
5,22
287
.99%
Oth
er In
com
e74
7,96
177
0,44
710
3.01
%1,
492,
346
786,
224
52.6
8%2,
187,
842
694,
203
31.7
3%
TO
TA
L R
EV
EN
UE
12,2
93,3
5312
,218
,701
99.3
9%13
,558
,179
12,6
30,6
1193
.16%
14,3
37,1
4412
,858
,827
89.6
9%
EX
PE
ND
ITU
RE
S B
Y F
UN
CT
ION
Libe
ral A
rts
& S
cien
ces
3,88
5,60
63,
559,
948
91.6
2%4,
352,
082
3,94
1,08
790
.56%
4,22
9,51
03,
740,
880
88.4
5%V
ocat
iona
l Tec
hnic
al2,
183,
795
2,18
6,51
610
0.12
%2,
375,
732
2,36
3,50
099
.49%
2,54
6,16
42,
058,
279
80.8
4%A
dult
Edu
catio
n2,
504,
477
2,22
5,18
788
.85%
2,87
1,98
12,
325,
087
80.9
6%2,
599,
284
2,29
0,83
888
.13%
Coo
pera
tive
Ser
vice
s10
2,18
748
6,.-
0047
5.79
%79
,241
75,0
1194
.66%
888,
737
332,
199
37.3
8%A
dmin
istr
atio
n82
2,57
768
8,94
383
.75%
772,
936
708,
057
91.6
1%67
1,41
049
1,34
673
.18%
Stu
dent
Ser
vice
s1,
217,
144
1,06
9,84
487
.90%
1,24
9,28
71,
058,
180
84.7
0%1,
181,
257
1,05
6,90
989
.47%
Lear
ning
Res
ourc
e*36
8,28
736
8,97
910
0.19
%38
3,47
435
5,24
692
.64%
368,
082
375,
049
101.
89%
Phy
sica
l Pla
nt1,
261,
847
1,18
9,64
994
.28%
1,23
7,25
11,
231,
729
99.5
5%1,
307,
858
1,32
8,30
110
1.56
%G
ener
al In
stitu
tion
561,
954
437,
744
77.9
0%48
9,44
163
4,59
012
9.66
%70
9,69
41,
260,
382
177.
60%
TO
TA
L D
ISB
UR
SE
ME
NT
S12
,907
,874
12,2
13,0
1094
.62%
13,8
11,4
2512
,692
,487
91.9
0%14
,501
,996
12,9
34,1
8389
.19%
EX
PE
ND
ITU
RE
S B
Y C
AT
EG
OR
YS
alar
ies
9,42
0,36
68,
900,
567
94.4
8%10
,079
,791
9,33
1,41
492
.58%
10,5
83,7
809,
516,
501
89.9
2%S
ervi
ce.
2,01
2,31
22,
025,
262
100.
84%
2,15
3,17
42,
248,
640
104.
43%
2,26
0,83
32,
321,
630
102.
69%
Mid
is, S
upp
& T
rave
l96
6,14
781
2,69
384
.12%
1,03
3,77
786
8,93
384
.05%
1,08
5,46
691
2,55
284
.07%
Cur
rent
Exp
ense
s40
,150
36,8
6591
.82%
42,9
6148
,979
114.
01%
45,1
0036
,000
79.8
1%C
apita
l Out
*46
8,89
943
7,62
393
.33%
501,
722
194,
521
38.7
7%52
6,80
814
7,50
028
.00%
'
jw,
TO
TA
L D
ISB
UR
SE
ME
NT
S12
,907
,874
12,2
13,0
1094
.62%
13,8
11,4
2512
,692
,487
91.9
0914
,501
,998
12,9
34,1
8389
.19%
Adj
ustm
ents
due
to a
udit
(13,
455)
2
End
ing
fund
beJ
ance
(A
S-1
5D)
1,10
5,47
91,
043,
601
968,
245
8
Mer
ged
area
III
low
a La
kes
Com
mun
ity C
olle
ge
Col
1
Beg
inni
ng fu
nd b
alan
ceR
EV
EN
UE
SO
UR
CE
S
S.B
. App
r.B
udge
t19
92
Col
2
Act
ual
1992
Col
3
334,
085
Act
ual
% o
fB
udge
t
Col
4
S.B
. App
r.B
udge
t19
93
Col
5
Act
ual
1993
Col
6
509,
308
Act
ual
% o
fB
udge
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371,
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9,04
497
.68%
1,12
7,05
41,
101,
568
97.7
4%1,
449,
077
1,27
4,22
787
.93%
Cur
rent
Exp
ense
s34
8,24
330
0,50
786
.29%
380,
003
231,
572
60.9
4%39
5,22
437
0,23
493
.68%
Cap
ital O
utla
y1,
070,
291
955,
835
89.3
1%53
5,45
885
7,08
818
0.07
%1,
024,
876
527,
718
51.4
9%
TO
TA
L D
ISB
UR
SE
ME
NT
S19
,373
,199
19,5
43,3
8610
0.88
%21
,591
,067
20,2
27,0
9993
.68%
22,3
68,6
7221
,645
,352
96.7
8%
Adj
ustm
ents
due
to a
udit
End
ing
fund
bal
ance
(A
S-1
5D)
828,
425
1,38
5,77
61,
385,
776
Col
1
Mer
ged
Are
a X
- K
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ood
Com
mun
ity C
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S.B
. App
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lS
.B. A
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ual
S.B
. App
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orki
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udge
tA
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l%
of
Bud
get
Act
ual
% o
fB
udge
tB
udge
t%
of
1992
1992
Bud
get
1993
1993
Bud
get
1994
1994
Bud
get
Col
2C
ol 3
Col
4C
ol 5
Col
6C
ol 7
Col
8C
ol 9
Col
10
Beg
inni
ng fu
nd b
alan
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EV
EN
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SO
UR
CE
S1,
226,
500
1,49
6,73
21,
728,
862
Stu
dent
Fee
s1,
070,
809
886,
616
82.8
0%1,
106,
133
1,09
5,94
499
.08%
1,26
0,88
71,
279,
474
101.
47%
Tui
tion
9,47
9,78
211
,189
,234
118.
03%
12,0
12,5
4011
,934
,487
99.3
5%12
,798
,127
12,6
09,4
5198
.53%
Loca
l Sup
port
1,90
6,50
41,
833,
316
96.1
6%2,
027,
186
1,88
6,01
093
.04%
2,02
7,18
61,
868,
281
92.1
6%42
1 S
tate
Gen
eral
Ald
14,4
37,8
6114
,192
,921
98.3
0%15
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,000
14,3
96,6
3494
.54%
14,9
98,6
3915
,224
,082
101.
52%
426-
429
Sta
te A
id O
ther
1,15
0,14
780
0,94
069
.64%
898,
491
964,
541
107.
35%
854,
042
876,
962
102.
68%
430-
449
Fed
eral
Aid
1,19
0,76
01,
357,
960
114.
04%
880,
972
1,03
5,33
211
7.52
%97
7,88
795
6,34
597
.80%
Sal
es A
nd S
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2,13
326
1,01
711
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%42
8,00
139
4,82
092
25%
428,
001
498,
698
116.
52%
Oth
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com
e24
8,81
449
2,56
319
9.57
%11
5,58
337
5,30
232
4.70
%17
7,60
423
4,34
113
1.95
%
TO
TA
L R
EV
EN
UE
29,7
14,8
1031
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104.
37%
32,6
98,9
0632
,083
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98.1
2%33
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33,5
47,6
3410
0.08
%
EX
PE
ND
ITU
RE
S B
Y F
UN
CT
ION
Libe
ral A
rts
& S
cien
ces
5,72
6,71
86,
260,
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109.
31%
6,26
3,84
56,
553,
115
104.
62%
6,77
4,41
85,
839,
403
100.
96%
Voc
atio
nal T
echn
ical
9,24
3,16
39,
451,
457
102.
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10,2
82,8
9110
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97.5
1%10
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10,1
91,2
1199
.64%
Adu
lt E
duca
tion
3,30
6,64
63,
811,
811
115.
28%
3,84
2,25
33,
371,
035
87.7
4%4,
124,
989
3,57
8,88
988
.76%
Coo
pera
tive
Ser
vice
s17
8,88
411
6,87
665
.34%
116,
020
161,
424
139.
13%
126,
479
154,
331
122.
02%
Adm
inis
trat
ion
1,79
4,62
31,
758,
311
97.9
8%1,
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743
1,78
8,17
996
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1,90
2,77
42,
094,
830
110.
09%
Stu
dent
Ser
vice
s1,
901,
579
1,91
8,51
410
0.89
%1,
998,
959
1,95
6,49
197
.88%
2,07
6,13
92,
066,
856
99.5
5%Le
arni
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esou
rces
1,86
9,00
51,
705,
755
91.2
7%1,
712,
352
1,72
0,78
910
0.49
%1,
845,
900
1,72
5,37
193
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Phy
sica
l Pla
nt2,
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239
2,66
1,44
810
6.28
%2,
907,
487
3,42
2,76
511
7.72
%2,
880,
113
3,75
0,78
313
0.51
%G
ener
al In
stitu
tion
3,18
9,95
33,
060,
074
95.9
3%3,
334,
654
2,85
0,74
985
.49%
3,31
1,57
23,
449,
666
104.
17%
TO
TA
L D
ISB
UR
SE
ME
NT
S29
,714
,810
30,7
44,3
3510
3.46
%32
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31,8
50,9
4093
.58%
33,2
70,3
7333
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101.
77%
EX
PE
ND
ITU
RE
S B
Y C
AT
EG
OR
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alar
ies
24,0
46,1
6024
,598
,610
102.
30%
25,5
10,5
5425
,046
,490
98.1
8%26
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,700
26,5
55,7
1399
.76%
Ser
vice
s3,
305,
241
2,51
0,22
075
.95%
3,82
3,01
92,
823,
363
73.8
5%2,
718,
467
3,88
7,18
414
3.10
%M
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p &
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403
1,85
3,74
111
9.41
%1,
765,
648
1,98
5,41
211
2.45
%2,
008,
048
1,78
5,96
589
.03%
Cur
rent
Exp
ense
s28
4,98
498
0,04
534
3.89
%29
1,85
591
3,72
631
3.08
%1,
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276,
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26.0
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l Out
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526,
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1,71
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2.41
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8,12
81,
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117.
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867,
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1,35
4,34
315
8.10
%
TO
TA
L D
ISB
UR
SE
ME
NT
S29
,714
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30,7
44,3
3510
3.46
%32
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,204
31,8
50,9
4098
.58%
33,2
70,3
7333
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101.
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Adj
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duo
to a
udit
0
Ir.;
4.,
VE
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Mer
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Des
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1
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SO
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S
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3
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4
Act
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% o
fB
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t
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4
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udge
t19
93
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5
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1993
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6
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2
Act
ual
% o
f
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7
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udge
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94
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8
Wor
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fB
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t
Col
10
Stu
dent
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s1,
313,
821
1,30
3,37
199
.20%
1,49
9,49
61,
372,
898
91.5
6%1,
638,
416
1,58
7,81
610
321%
Tui
tion
8,94
0,62
89,
047,
135
101.
19%
10,2
41,5
129,
922,
573
96.8
9%11
,762
,360
11,5
02,0
1497
.79%
Loca
l Sup
port
3,66
4,56
93,
433,
615
93.7
0%3,
612,
774
3,60
1,75
399
.69%
3,69
8,43
03,
698,
430
100.
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421
Sta
te G
ener
al A
id15
,719
,920
15,3
0303
1797
.33%
15,0
03,0
0015
,629
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104.
18%
16,2
86,3
7916
,390
,230
100.
64%
426-
429
Sta
te A
id O
ther
61,0
6058
,301
95.5
8%75
,000
82,9
9611
0.66
%10
3,00
010
3,00
010
0.00
%43
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9 F
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al A
id76
2,57
696
0,28
212
5.93
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1,09
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2,77
512
7.48
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9,42
093
9,19
713
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%S
ales
And
Ser
vice
60,7
8361
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100.
75%
56,7
2613
6,01
323
9.77
%65
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65,7
1610
0.00
%O
ther
Inco
me
991,
784
691,
947
69.7
7%67
2,48
081
2,76
212
0.86
%45
5,33
957
4,08
912
6.08
%
TO
TA
L R
EV
EN
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31,5
15,0
8130
,856
,705
97.9
1%31
,822
,082
32,4
01,1
8310
1.82
%34
,609
,060
34,8
60,4
9210
0.73
%
EX
PE
ND
ITU
RE
S B
Y F
UN
CT
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Libe
ral A
rts
& S
cien
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7,30
9,29
57,
229,
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98.9
1%8,
928,
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8,99
9,72
210
0.79
%10
,528
,799
9,63
1,08
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.47%
Voc
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9,13
3,38
28,
501,
826
93.0
9%7,
702,
750
7,35
2,69
595
.46%
7,58
4,59
96,
931,
423
91.3
9%A
dult
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catio
n4,
272,
962
3,86
4,01
690
.43%
3,74
4,12
24,
457,
833
119.
06%
4,32
4,43
65,
919,
219
136.
88%
Coo
pera
tive
Ser
vice
s11
7,04
865
,569
56.0
2%68
,056
62,3
6491
.64%
65,3
6374
,118
113.
39%
Adm
inis
trat
ion
1,42
5,89
91,
374,
053
96.3
6%1,
385,
398
1,43
5,45
410
3.61
%1,
516,
393
1,50
7,55
699
.42%
Stu
dent
Ser
vice
s2,
560,
273
2,47
1,30
496
.53%
2,59
2,82
42,
744,
328
105.
84%
2,81
3,77
82,
856,
364
101.
51%
Lear
ning
Res
ourc
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1,58
11,
169,
166
125.
50%
1,12
1,70
41,
021,
927
91.1
0%1,
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107
1,33
7,79
311
4.62
%P
hysi
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2,78
7,40
02,
538,
366
91.0
7%2,
617,
530
2,87
7,14
110
9.92
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798,
053
2,88
2,73
810
3.03
%,
Gen
eral
Inst
itutio
n2,
727,
038
3,41
3,63
012
5.18
%3,
449,
912
3,24
7,03
794
.12%
3,57
9,05
43,
831,
353
107.
05%
,
TO
TA
L D
ISB
UR
SE
ME
NT
S31
,264
,878
30,6
27,5
6997
.98%
31,6
11,0
7132
,196
,501
101.
86%
34,3
77,5
8234
,971
,653
101.
73%
EX
PE
ND
ITU
RE
S B
Y C
AT
EG
OR
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alar
ies
23,8
35,7
6724
,205
,271
101.
55%
24,5
92,2
8925
,240
,137
102.
63%
26,4
67,2
7327
,341
,377
103.
30%
Ser
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s4,
872,
740
3,99
5,39
381
.99%
4,38
6,18
34,
256,
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97.0
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230,
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4,65
3,95
188
.97%
Mat
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& T
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l1,
632,
839
1,39
4,62
485
.41%
1,63
9,19
71,
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629
98.2
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393
1,79
3,03
111
2.11
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964
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181
104.
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563,
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365,
077
64.7
5%57
3,05
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8,40
110
4.42
%C
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l Out
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465,
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552,
120
118.
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429,
593
'
727,
566
169.
36%
507,
082
584,
893
115.
34%
TO
TA
L D
ISB
UR
SE
ME
NT
S31
,264
,878
30,8
27,5
6997
.96%
31,6
11,0
7132
,198
,502
101.
86%
34,3
77,5
8234
,971
,653
101.
73%
Adj
ustm
ents
due
to a
udit
(186
,402
)33
,936
End
ing
fund
bal
ance
(A
S-1
5D)
2,43
7,96
22,
606,
708
2,49
5,54
7
Mer
ged
area
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ech
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S.B
. App
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udge
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get
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ual
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fB
udge
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udge
t%
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1992
1992
Bud
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1993
1993
Bud
get
1994
1994
Bud
get
Col
1C
ol 2
Col
3C
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Col
5C
ol 6
Col
7C
ol 8
Col
9C
o110
Beg
inni
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nd b
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ce56
0,16
662
2,95
264
4,22
8R
EV
EN
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SO
UR
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SS
tude
nt F
ees
417,
064
446,
772
107.
12%
484,
078
447,
163
92.3
7%57
9,38
147
1,79
481
.43%
Tui
tion
2,87
3,13
92,
848,
184
100.
52%
3,81
3,35
03,
374,
300
88.4
9%4,
496,
560
3,53
9,72
278
.72%
Loca
l Sup
port
877,
570
870,
726
99.2
2%86
8,06
588
4,04
310
1.84
%88
1,68
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6,99
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0.60
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1 S
tate
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6,57
5,64
26,
024,
977
91.6
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091,
434
6,03
8,73
399
.13%
6,33
7,78
96,
340,
889
100.
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429
Sta
te A
id O
ther
262,
235
18,2
526.
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74,9
3713
0,35
617
3.95
%31
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148,
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468.
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430-
449
Fed
eral
Aid
653,
191
701,
127
107.
34%
565,
473
680,
965
120.
42%
432,
689
675,
436
156.
10%
Sal
es A
nd S
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ce45
,703
58,9
8312
9.07
%44
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48,7
9010
8.66
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54,7
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5.22
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ther
Inco
me
648,
020
593,
978
91.6
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8,39
162
4,82
112
2.90
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8,10
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7,46
411
0.09
%
TO
TA
L R
EV
EN
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12,3
52,5
6111
,602
,999
93.9
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,450
,628
12,2
29,1
7198
.22%
13,
395,
513
12,7
65,7
6495
.30%
EX
PE
ND
ITU
RE
S B
Y F
UN
CT
ION
Ube
ral A
rts
& S
cien
ces
643,
224
1,02
7,21
715
9.70
%1,
076,
225
1,23
3,30
211
4.60
%1,
371,
537
1,07
7,37
978
.55%
Voc
adon
al T
echn
ics/
5,66
1,40
44,
891,
746
86.4
1%4,
730,
016
4,68
5,30
299
.05%
5,00
1,34
84,
873,
063
97.4
3%A
drift
Edu
catio
n1,
541,
160
1,45
1,76
494
.20%
1,56
9,11
31,
393,
489
88.8
1%1,
544,
134
1,34
0,03
186
.78%
Coo
pera
tive
Ser
vice
s10
2,45
30
0.00
%0
o0.
00%
0.00
%
Adm
inis
trat
ion
730,
904
682,
944
87.4
6%83
7,34
983
3,48
099
.54%
863,
797
847,
422
98.1
0%S
tude
nt S
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ces
784,
812
800,
929
102.
05%
1,00
3,09
090
2,63
689
.99%
985,
721
946,
189
95.9
9%
Lear
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Res
ourc
es33
2,78
931
8,69
095
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313,
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299,
424
95.4
3%31
2,43
930
6,73
598
.17%
Phy
sica
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nt1,
314,
304
1,14
9,82
387
.49%
1,46
2,83
31,
255,
236
85.8
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500,
016
1,36
6,03
291
.07%
Gen
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inst
itutio
n1,
189,
075
1,27
1,76
110
6.95
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457,
420
1,60
4,92
211
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805,
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311
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S12
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11,5
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12,4
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98.0
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12,7
65,7
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EX
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ND
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S B
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730,
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9,25
0,80
395
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9,69
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29,
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571
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9,66
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s1,
559,
598
1,35
1,10
286
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1,59
4,17
41,
537,
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101.
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939,
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Cur
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s56
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65,0
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12,4
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End
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7
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10
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s41
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1,39
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900,
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421
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292
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6,47
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Oth
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0,00
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320,
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14,7
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14,5
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15,9
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101.
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EX
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Libe
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2,43
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468,
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478,
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1,59
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529,
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1,49
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s1,
704,
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1,63
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295
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Stu
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s94
3,29
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140.
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1,34
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333,
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332,
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1,63
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952,
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900,
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04.4
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108.
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S14
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14,5
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15,9
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101.
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s30
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15,9
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Voc
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76.7
8%6,
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9,60
983
.93%
6,57
3,82
16,
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655
96.2
6%A
dult
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catio
n1,
709,
854
1,56
3,95
091
.47%
1,83
8,99
31,
642,
144
89.3
0%1,
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541
1,80
6,35
895
.95%
Coo
pera
tive
Ser
vice
s39
1,43
639
1,53
710
0.03
%29
9,97
811
5,01
638
.34%
385,
218
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487
31.2
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n71
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769
9,46
997
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777,
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718,
259
92.3
6%b
1 3,
981
825,
245
101.
38%
Stu
dent
Ser
vice
s92
1,24
285
7,68
893
.10%
1,00
7,53
496
2,59
395
.54%
1,05
8,51
11,
194,
773
112.
87%
Lear
ning
Res
ourc
es39
0,36
932
9,48
584
.40%
456,
488
333,
250
73.0
0%43
7,13
838
1,46
787
.26%
Phy
sica
l Pla
nt1,
765,
888
1,34
6,29
776
24%
1,68
0,85
31,
724,
042
102.
57%
1,67
4,86
02,
413,
167
144.
08%
Gen
eral
Inst
itutio
n1,
333,
682
1,24
0,96
793
.05%
1,45
7,50
01,
612,
655
110.
65%
1,50
7,37
31,
773,
920
117.
68%
0.00
%T
OT
AL
DIS
BU
RS
BA
EN
TS
15,9
52,4
3813
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,751
85.2
0%16
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14,7
46,4
5190
.45%
16,7
48,5
8917
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,762
103.
93%
EX
PE
ND
ITU
RE
S B
Y C
AT
EG
OR
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alar
ies
12,0
38,8
8011
,055
,137
91.8
3%12
,089
,869
11,4
98,3
5595
.09%
12,7
32,0
8512
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95.7
0%S
ervi
ces
1,96
1,15
51,
355,
299
69.1
1%1,
953,
889
1,58
0,98
979
.89%
1,74
8,07
21,
717,
088
98.2
3%M
afia
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p &
Tra
vel
1,22
4,68
086
3,38
570
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1,25
0,62
487
1,31
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1,01
8,43
295
8,44
894
.11%
Cur
rent
Exp
ense
s43
,350
28,9
2466
.72%
60,0
0032
0,26
753
3.78
%50
,000
46,3
8092
.72%
Cap
ital O
uts,
/88
4,37
128
9,00
842
23%
948,
969
497,
526
52.4
3%1,
200,
000
2,50
0,00
020
8.33
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00%
TO
TA
L D
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SB
AE
NT
S15
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13,5
91,7
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18,3
411,
131
14,7
48,4
5390
.45%
16,7
48,5
8917
,408
,762
103.
93%
Adj
ustm
ents
due
to a
udit
1,59
1,23
2(7
2,24
9)(1
,519
,000
)
End
ing
fund
bal
ance
(A
S-1
5D)
2,22
9,73
52,
929,
911
2,83
3,18
6
3.
Mer
ged
Are
a X
VI
Sou
theu
tem
Com
rnui
ty C
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1
Beg
inni
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EV
EN
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UR
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S
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r.B
udge
t19
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Col
2
Act
ual
1992
Col
3
1,06
1,99
6
Act
ual
% o
fB
udge
t
Col
4
S.B
. App
r.B
udge
t19
93
Col
5
Act
ual
1993
Col
6
834,
384
Act
ual
% o
fB
udge
t
Col
7
S.B
. App
r.B
udge
t19
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8
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king
Bud
get
1984
Col
9
921,
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Wor
king
% o
fB
udge
t
Col
10
Stu
dent
Fee
s13
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713
3,42
897
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121,
397
156,
575
128.
98%
170,
747
214,
073
125.
37%
Tui
tion
2,86
4,64
23,
108,
957
108.
53%
3,15
8,71
13,
478,
574
110.
13%
3,51
0,27
53,
610,
119
102.
84%
Loca
l Sup
port
503,
016
496,
008
98.6
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0,66
049
2,51
910
0.38
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5,18
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5,18
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421
Sta
te G
ener
al A
id5,
000,
176
4,76
2,28
995
24%
4,81
3,09
04,
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906
101.
20%
5,04
5,19
05,
131,
676
101.
71%
426-
429
Sta
te A
id O
ther
1,01
7,12
789
8,50
388
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890,
672
754,
993
84.7
7%76
9,97
380
5,69
010
4.64
%
430-
449
Fed
eral
Aid
409,
948
179,
704
43.8
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8,80
743
8,16
712
2.12
%34
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036
2,93
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%
Sal
es A
nd S
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153,
538
213.
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173,
800
164,
417
94.6
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9,08
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287
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Oth
er In
com
e15
3,40
023
3,09
315
1.95
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7,00
927
5,05
317
5.18
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TO
TA
L R
EV
EN
UE
10,1
57,0
769,
963,
520
98.0
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10,6
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EX
PE
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RE
S B
Y F
UN
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Ube
ral A
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2,13
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2,42
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2,16
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Voc
atio
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3,78
4,35
42,
535,
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2,86
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2,84
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33,
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541
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80%
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lt E
duca
tion
1,28
6,02
61,
875,
255
145.
82%
1,26
9,63
81,
877,
030
147.
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1,85
7,46
31,
884,
918
101.
48%
Coo
pera
tive
Ser
vice
s3,
885
285,
659
7352
.87%
4,12
44,
240
102.
81%
350,
755
328,
371
93.6
2%
Adm
inIs
trat
ion
644,
681
730,
900
113.
37%
728,
252
757,
525
104.
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781,
857
768,
284
100.
84%
Stu
dent
Sin
vIce
s64
6,32
777
5,24
291
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796,
971
816,
785
102.
49%
859,
331
855,
312
99.5
3%
Lear
ning
Res
ourc
es41
4,36
240
8,24
898
.52%
359,
442
353,
937
98.4
7%37
2,88
637
7,67
010
128%
Phy
sica
l Pla
nt77
3,21
782
2,98
710
6.44
%78
6,47
388
8,73
811
3.00
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8,36
591
8,82
610
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%
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erel
Inst
itutio
n39
4,34
254
5,50
613
8.33
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7,12
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551,
736
540,
349
97.9
4%
TO
TA
L D
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UR
SE
ME
NT
S10
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,693
10,1
92,7
8099
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10,3
03,7
2910
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102.
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10,7
65,0
0110
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101.
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PE
ND
ITU
RE
S B
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AT
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alar
ies
8,09
5,74
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118,
746
100.
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8,19
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18,
380,
418
102.
25%
8,68
0,87
78,
769,
222
101.
02%
Ser
vice
s1,
392,
085
1,34
4,25
396
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1,43
2,41
51,
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98%
1,43
5,38
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555,
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108.
34%
Mat
s, S
upp
& T
rave
l46
7,24
049
6,92
010
6.35
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5,24
250
7,74
982
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519,
085
437,
253
84.2
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Cur
rent
Exp
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s62
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67,0
4810
7.93
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,448
61,3
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0.17
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ital O
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45,9
3511
2,60
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5.13
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5088
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TO
TA
L D
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SE
ME
NT
S10
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10,1
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10,3
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Adj
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ents
due
to a
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(1.6
48)
20,8
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End
ing
fund
bal
ance
(A
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834,
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1
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t
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t19
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Col
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udge
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9
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t
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013
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RE
VE
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RC
ES
Stu
dent
Fee
s8,
852,
182
6,79
9,49
799
.23%
7,33
2,46
07,
365,
303
100.
45%
8,07
2,66
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123,
609
100.
63%
Tui
tion
59,7
96,5
2564
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108.
14%
69,0
44,7
3872
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3,53
510
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0598
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l Sup
port
15,8
36,3
5715
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9521
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15,2
73,7
1596
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15,9
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96.9
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1 S
tate
Gen
eral
Aid
109,
613,
214
104,
173,
926
95.0
4%10
8,87
2,22
710
5,88
7,43
097
.26%
111,
861,
123
111,
307,
261
99.5
0%42
6-42
9 S
tate
Aid
Oth
er3,
768,
151
2,86
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2,87
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733,
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95.0
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526,
504
2,62
1,38
010
3.76
%43
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9 F
eder
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193
10,1
29,9
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3.19
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404,
175
9,61
9,52
011
4.46
%9,
662,
494
8,83
4,15
191
.43%
Sal
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nd S
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1,77
4,88
61,
745,
510
98.3
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104,
783
2,21
5,89
310
5.28
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114,
277
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2,70
212
8.30
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ther
Inco
me
4,69
2,58
15,
509,
034
117.
40%
5,76
5,20
15,
640,
510
97.8
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763,
820
4,94
9,24
085
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TO
TA
L R
EV
EN
UE
211,
285,
089
210,
966,
578
99.8
5%22
0,29
7,61
622
1,69
9,53
510
0.64
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4,22
1,04
423
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8,03
098
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EX
PE
ND
ITU
RE
S B
Y F
UN
CT
ION
Libe
ral A
rts
& S
cien
ces
39,7
29,2
0340
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101.
72%
44,8
52,7
9045
,119
,056
100.
59%
48,8
87,7
2747
,452
,541
97.1
0%V
ocat
iona
l Tec
hnic
al69
,196
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64,2
40,5
1792
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67,2
23,3
9063
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94.9
3%67
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,162
63,8
66,2
5895
.30%
Adu
lt E
duca
tion
26,0
23,5
8326
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102.
13%
26,7
22,4
9827
,796
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104.
02%
29,7
24,8
5230
,202
,349
101.
61%
Coo
pera
tive
Ser
vice
s4,
094,
527
5,09
6,17
112
4.46
%4,
203,
177
4,29
8,83
110
2.28
%6,
207,
163
5,29
3,70
185
.28%
Adm
inis
trat
ion
12,0
69,1
7411
,536
,469
95.5
9%12
,147
,687
12,1
18,4
1399
.76%
13,0
95,9
7813
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102.
95%
Stu
dent
Ser
vice
s15
,616
,698
15,6
95,7
4510
0.51
%16
,954
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16,0
65,9
1294
.76%
17,6
58,8
4017
,482
,080
99.9
0%Le
arni
ng R
esou
rces
7,58
0,68
17,
271,
249
95.9
2%7,
717,
994
7254
,470
93.9
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874,
038
7,87
9,70
810
0.07
%P
hysi
cal P
lant
20,2
55,0
9718
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,133
93.7
6%20
,536
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21,3
38,4
5710
3.90
%21
,766
,423
23,4
21,7
8910
7.61
%G
ener
al in
stitu
tion
1826
6,93
518
,805
,288
102.
95%
20,1
93,7
8820
,900
,396
103.
50%
21,7
77,1
1223
,477
,795
107.
81%
Tra
nsfe
re
400,
000
400,
000
TO
TA
L D
ISB
UR
SIN
EN
TS
212,
832,
464
208,
625,
538
98.0
2%22
0,55
2,62
621
8,71
0,36
999
.16%
234,
390,
293
232,
958,
624
99.3
9%
EX
PE
ND
ITU
RE
S B
Y C
AT
EG
OR
YS
alar
ies
184,
483,
924
162,
805,
654
98.9
8%17
0,58
6,98
016
7,50
1,80
898
19%
178,
437,
072
177,
451,
864
99.4
5%S
ervi
ces
29,2
91,4
2226
,114
,296
89.1
5%29
,948
,539
28,6
98,8
689:
82%
32,7
82,5
9132
,699
,645
99.7
5%M
aths
, Sup
p &
Tra
vel
12,3
46,1
9411
,518
,179
93.2
9%12
,410
,982
12,5
88,7
3010
1.27
%13
,043
,869
13,1
88,5
7410
1.11
%C
urre
nt E
xpen
ses
1,75
7,03
43,
178,
417
180.
90%
2,75
1,21
33,
829,
472
139.
19%
4,33
1,94
02,
912,
584
6723
%C
apita
l Out
*4,
953,
894
5,00
8,98
910
1.11
%4,
854,
912
6,11
3,49
212
5.92
%5,
794,
821
6,70
5,97
711
5.72
%
TO
TA
L D
ISB
UR
SE
ME
NT
S21
2,83
2,46
720
8,82
5,53
598
.02%
220,
552,
626
218,
710,
370
99.1
8%23
4,39
0,29
323
2,95
8,62
499
.39%
Adj
ustm
ents
duo
to a
udit
01,
243,
282
0.00
%0
(79,
640)
1.00
%0
(1,5
19,0
00)
0.00
%
End
ing
fund
bal
ance
(A
S-1
5D)
13,1
96,4
6916
,264
,275
16,0
72,8
61
BE
ST C
OPY
AV
AIL
AB
LE
18
SECTION II
There is always interest, on a statewide basis, in how community college financial data changesfrom the completion of one year to the next year's current operational budget. This sectionreviews changes in revenue sources and expenditur..s from the latest projections for FY94 (seepage 19) to the actual revenue received, and expenditures made for FY93.
Major points of interest:
1. Revenue for FY94 only increased by 4.31%, while expenditures increased by 6.51%.
o Tuition was a major increase**o Local support was basically fiat with a minimal increaseo State support showed a reasonable increaseo Federal vocational funds showed substantial decrease*o Sales and Service income showed substantial increase.
2. Expenditures:
o Arts and sciences showed a significant increase**o Vocational-technical expenditures show almost zero increase***o Adutt Education expenditures showed a substantial increase***o Administrative expenditures showed a substantial increase****o Physical plant showed the second highest growth of all expenditureso Salaries showed reasonable increase (5.17%)o Services was an area of substantial increaseo Materials, supplies, travel, and capital outlay were areas of increases, while
current expenses decreased.
*A three-year plan (1992-94) for use of federal vocational (Perkins) funds was approved by theState Board of Education in April 1991. This plan involves a dramatic shift of funds fromcommunity college programs as follows:
Percent of FundsPostsecondary SecondaryFY92 72% 28%FY93 50% 50%FY94 34% 66%
**Hawkeye Community College, which added arts and sciences offerings in January 1992, hascontinued to show substantial growth in enrollment, which helped create the increase in tuitionand fees as well.
***There was a continuatuion of shifting of certain expenditures to the adult and cooperativeservice reporting functions to more clearly reflect services in such areas as developmentaleducation.
****A review with certain colleges indicates that certain expenditures are budgeted here in thiscategory, and at year's end charged back to appropriate functions.
36 BEST COPY AVAILABLE
19STATE TOTALS
Col 1
Actual1993
Col 2
WorkingBudget
1994
Col 3 Col 4
Beginning fund balance 10,079,343 11,594,679 115.03%REVENUE SOURCESStudent Fees 7,365,303 8,123,609 110.30%Tuition 72,963,535 77,251,005 105.88%Local Support 15,273,715 15,448,662 101.15%421 State General Aid 105,887,430 111,307,261 105.12%426-429 State Aid Other 2,733,629 2,621,380 95.89%430-449 Federal Aid 9,619,520 8,834,151 91.84%Sales And Service 2,215,893 2,712,702 122.42%Other Income 5,640,510 4,949,240 87.74%
TOTAL REVENUE 221,699,535 231,248,030 104.31%
EXPENDITURES BY FUNCTIONLiberal Arts & Sciences 45,119,056 47,452,541 105.17%Vocational Technical 63,817,957 63,866,258 100.08%Adult Education 27,796,877 30,202,349 108.65%Cooperative Services 4,298,831 5,293,701 123.14%Administration 12,118,413 13,482,405 111.26%Student Services 16,065,912 17,482,080 108.81%Learning Resources 7,254,470 7,879,706 108.62%Physical Plant 21,338,457 23,421,789 109.76%General Institution 20,900,396 23,477,795 112.33%
TOTAL DISBURSEMENTS 218,710,369 232,558,624 106.33%
EXPENDITURES BY CATEGORYSalaries 167,501,808 177,451,864 105.94%Services 28,696,868 32,699,645 113.95%Mat Is, Supp & Travel 12,568,730 13,188,574 104.93%Current Expenses 3,829,472 2,912,564 76.06%Capital Outlay 6,113,492 6,705,977 109.69%
TOTAL DISBURSEMENTS 218,710,370 232,958,624 106.51%
SECTION III
The previous sections provided comparisons of State Board approved budgets (FY91, FY92,F f93) to actual revenue and expenditures and, more specifically, of the FY94 working budgetto the FY93 actual. It was felt that it would be of interest to the State Board to be able to seelong term trends on selected annual community college revenues and expenditures. In additionto the overview of yearly changes in revenue and expenditures, data are also provided whichadjust for inflation or CPI (Consumer Price Index).
By utilization of line graphs (page 23 to 26), the percent of change (increase or decrease) inselected* revenues and expenditures is compared to total revenue and expenditures for eleven-year span of time (FY83-FY93). The graph on page 23 shows that in eight out of the elevenyears, the percent of change in tuition and fees was greater than the changes in total revenue.This could be due to either Increased enrollment, Increases in tuition charges, and/or lack ofsupport and fluctuations in state general aid. It also appears in the last budget that the percentof increase in tuition and fees has escalated substantially while overall increase in revenue hasflattened out or shown very little growth.
Local property tax basically shows little increase, with several decreases. Fiscal Year 1985indicates a decrease with a substantial increase in FY86. From FY86 on, the increase in propertytax levy continued to diminish to where there was as decrease in support. From FY90-FY93,growth has been less than two percent a year.
The state general ald showed a dramatic increase in FY88 when the funding formula wasimplemented and funded. The funding percentage has declined since FY88 and the increasefrom FY92 to FY93 shows a continuing slide while total revenue has stabilized at about a fivepercent increase.
Since salaries constitute the majority of expenditures (FY93-76.6%), this was looked at in percentof increase by year, compared to all other expenses and total expenses. The graph on page26 indicates that, over the eleven-year period, salaries show greater increases in six of the 11years, compared to total expenditures. It is interesting to note that percent of salary increasehas continued to decline since 1991. The degree of increase or decrease could be due to thelevel of settlements with the collective bargaining units and use of adjunct faculty. All otherexpenses show minimal percent of increase In 4 of the 11 years, decrease In six years and asubstantial increase in FY93. Major increases were in the services area and capital outlayexpenditures.
*The following were excluded: Revenue SourcesFederal funds, sales and service income, andother income. Expenditure Sources--Services, materials, supplies and travel, other currentexpenses, and capitol outlay.
38BEST COPY AVAIIABLE
20
21
The second part of this overview relates to a comparative study of major revenue andexpenditure sources to these same sources adjusted for inflationary factors based on theconsumer price index (CPI). The purpose of this is to show how certain actual revenue sourcesand expenditures, if adjusted for inflation (CPI), really kept pace with inflation. The particularfactors involved with calculating the CPI* were:
1. Food and beverages2. Housing3. Apparel4. Transportation5. Medical care6. En'ertainment7. Other goods and services
Major Points of Interest:
The line graphs on page 27 through 32 indicate over an eleven-year period the absolute dollarsreceived and expended. As mentioned previously, the same graphs also show an adjustmentfor CPI. The graphs would indicate that FY83 was the base for adjusting to the CPI. In reviewingthese graphs, it is important to keep three things in mind, as they relate to the CPI line:
o If the CPI line is flat after being adjusted from absolute dollars to CPI, thenabsolute dollars have kept pace with inflation.
o If the CPI line shows growth or decline, the graph indicates whether absolutedollars have done the same.
o The comparisons in this section, in most cases, are global. There are severalother options which, if applied; would further refine the data outcomes.
The graphs on page 27 and 31 show that there was growth above inflation for the total revenueand expendltues of the colleges. In reviewing total revenue and its major categories, the graphon page 28 imitates there has been substantial growth in tuition and, when adjusted for CPI,the growth pattern is still similar to the absolute dollars. Iowa community college tuition is high,if not the highest in the midwestern region. The graph on page 29 shows that property taxsupport was flat, and adjustment for CPI shows a significant and continuing decrease in thevalue of support from the local levy.
In reviewing state aid, the graph on page 30, shows that there has been substantial increase insupport since FY87. State aid adjusted for CPI, however, shows a small growth through FY92and a slight decline for FY93.
As we review total expenditures and CPI adjustment in the graph on page 31, the same patternof growth as total revenue is depicted.
*Economic Report of the U.S. President-February 1993
22
In an overview of major expenditure categories, salaries constitute the majority of expenditures(76.6%). The graph on page 32 compares actual salaries (including fringe benefits) to salariesadjusted for CPI. Again, the CPI adjusted figures show growth with an indication of flatteningbetween FY92 and FY+-3, but in no way follows actual growth; the spread is becoming wider.Community college faculty salaries are extremely low in Iowa (approximately $6,000 belownational average). Reflected in this trend is the fact that, in FY90 and FY93, a special salarysupplement was included in the community college appropriation.
As outlined previously, although tuition and general aid have Increased, the spread betweenabsolute dollars and CPI continues to widen. Support provided by local property tax and federalrevenue (majority-Federal Carl Perkins Vocational funds) continues to drop, but the spreadremains about the same.
A eleven-year comparison of revenue and expenditures by full-time equivalent enrollee (FTEE)is displayed in the graphs on pages 33 to 37. This comparison also includes the adjustment forCPI. The utilization of comparisons invoMng FTEE is less than satisfactory here since this is acomposite of adutt, arts and sciences, and vocational-technical contact hours equated to FTEE.This would be somewhat different than comparisons as provided by a fall term enrollmentheadcount. Total FTEE data were used because it was the most complete data available. Thistype of comparison might more effectively be analyzed based on credit hours; the departmentis in the process of collecting credit hour data.
Graphs indicating revenue per FTEE show that overall revenue has not kept pace with inflation,and that tuition has kept pace with slight improvement, while general aid has continued todecline. tf general aid appropriations had been funded as the formula called for, revenues wouldhave kept up with inflation, and may have shown additional growth.
Total expenditure (graph on page 36) per FTEE has risen steadily from FY83 to FY91, and hasflattened over the last two years. The gap in total expenditures between absolute and adjustedfor CPI has continued to widen. A similar profile exists relating to salary per FTEE (graph onpage 37). As salary/FTEE expenditures are compared to total FTEE expenditures, it would showthat neither has kept pace with the CPI.
A final graph shows the total number of full-time equivalent enrollees (FTEE) served by year forthe eleven-year span of FY83 to FY93. It shows that during FY85 and FY86 the enrollment wasat its low point, and growth has been experienced every year since then. The average growthhas been about 3.6 thousand (3600) FTEE per year. This growth pattern is also reflected in theamount of tuition support per FTEE. General aid growth does not stand out as much due to lessthan full funding of the formula.
BEST COPY AVAIIABLE
% C
hang
e in
Tui
tion
& F
ees,
Tot
Rev
enue
16%
14%
12%
10% 8% 6% 4% 2% 0%
8384
8686
8788
8990
9192
93
Tui
tion
& F
ees
---F
---
Tot
al R
even
ue
Div
isio
n of
Com
mun
ity C
olle
ges
II
4142
43
% C
hang
e in
Loc
alS
uppo
rt, T
ot R
even
ue12
%
10%
8% 6% 4% 2% 0%
- 2% -4%
- 6%
8384
8586
8788
8990
9192
93
a--
Loca
lS
uppo
rtI
Tot
al R
even
ue
Div
isio
n of
Com
mun
ity C
olle
ges
30%
25%
20%
15%
10%
5% 0% -5%
8384
8586
8788
8990
91
----
Sta
te G
ener
al A
id--
I Tot
al R
even
ue
Div
isio
n of
Com
mun
ity C
olle
ges
% C
hang
e in
Sta
te G
ener
al A
id, T
ot R
ev.
(Fun
ding
form
ula
fully
Impl
emen
ted
FY
88)
84.4
1400
1
45
9293
46
4 7
% S
alar
y in
crea
se, a
ll ot
her
and
tot
exp
15%
10% 5% 0% -5%
-10%
831
II
1I
II
1I
8485
8687
8889
9091
9293
---
Sal
arie
s--
-1--
- A
ll O
ther
Exp
ense
s--
)K--
Tot
alE
xpen
ses
Div
isio
n of
Com
mun
ity C
olle
ges
230
210
190
170
150
130
Tot
al R
even
ue, 1
983-
93A
bsol
ute
and
adju
sted
by
CP
IM
illio
ns
110 83
1I
I1
1I
II
1
8485
8687
8889
9091
9293
Tot
al R
even
ue I
Tot
al R
ev A
dj C
PI
Div
isio
n of
Com
mun
ity C
olle
ges
4950
5
78 68 58 48 38 2883
84Tui
tion
Sup
port
, 198
3-93
Abs
olut
e an
d ad
just
ed b
y C
PI
Mill
ions
8586
8788
8990
Tui
tion
Tui
tion
adj f
or C
PI
Div
isio
n of
Com
mun
ity C
olle
ges
91
I 9293
Pro
pert
y ta
x su
ppor
t, 19
83-9
3A
bsol
ute
and
adju
sted
by
CP
IM
illio
ns16 15 14 13 12 11 10 9 83
8485
8687
8889
9091
9293
Pro
pert
y T
ax I
Pro
pert
y T
ax A
dj C
PI
Div
isio
n of
Com
mun
ity C
olle
ges
5354
105 95 85 75 65
Sta
te A
id, 1
983-
93A
bsol
ute
and
adju
sted
by
CP
IM
illio
ns
55I
II
i
8384
8586
8788
8990
9192
93
Sta
te A
id--
1--
Sta
te A
id A
dj C
PI
Div
isio
n of
Com
mun
ity C
olle
ges
11
11
1
250
230
210
190
170
150
130
Tot
alE
xpen
ditu
res,
19E
3-19
3A
bsol
ute
and
adju
sted
by
CP
IM
illio
ns
110 83
8485
8687
8889
9091
9293
Tot
al E
xpen
ditu
reT
otal
Exp
adj
/CP
I
Div
isio
n of
Com
mun
ity C
olle
ges
56
Sup
port
from
Fee
s, 1
983-
93A
bsol
ute
and
adju
sted
by
CP
IM
illio
ns8 2
i1
11
1
8384
8586
8788
8990
9192
93
Fee
s--
H-
Fee
s A
dj fo
r C
PI
Div
isio
n of
Com
mun
ity C
olle
ges
Go
Tot
al R
even
uepe
r F
TE
E,
1983
-93
Abs
olut
e an
d ad
jusi
edby
CP
I
3
2.8
2.6
2.4
2.2 2
1.8
Tho
usan
ds
8384
8686
8788
8990
9192
93
Tot
al R
even
ue--
-I--
- T
otal
Rev
Adi
CP
I
Div
isio
n of
Com
mun
ity C
olle
ges
6 1
,4 ,.6
2
Tui
tion
Sup
port
per
FT
EE
,19
83-9
3A
bsol
ute
and
adju
sted
by C
PI
1200
1100
1000 90
0
800
700
600
500 83
8485
8687
8889
9091
9293
----
Tui
tion
±T
uitio
n ad
J fo
r C
PI
Div
isio
n of
Com
mun
ity C
olle
ges
Sta
te A
idpe
rF
TE
EI
1983
°93
Abs
olut
e an
d ad
just
ed b
y C
PI
Tho
usan
ds1.
8
1.6
1.4
1.2 1 83
8485
8687
8889
9091
9293
---
Sta
te A
idS
tate
Aid
Ad,
' CP
I
Div
isio
n of
Com
mun
ity C
olle
ges
66
Tot
alE
xpen
ditu
repe
r F
TE
E,
1983
-93
Abs
olut
e an
d ad
just
edby
CP
I
3
2.8
2.6
2.4
2.2 2 83
8485
8687
8889
9091
9293
Tot
al E
xpen
ditu
re 4
Tot
al E
xp a
dj/C
PI
Div
isio
n of
Com
mun
ity C
olle
ges
Tho
usan
ds
11
1
6
Sal
ary
Exp
endi
ture
per
FT
EE
, 198
3-93
Abs
olut
e an
d ad
just
ed b
y C
PI
1.5
0.5 0 83
8485
86
Tho
usan
ds
1I
II 87
1 8889
9091
9293
Sal
ary
Exp
endi
ture
--S
alar
y ad
j for
CP
I
Div
isio
n of
Com
mun
ity C
olle
ges
6,9
70
75 70 65 60 55 50 45
Tot
al F
TE
E F
Y 8
3-93
Tho
usan
ds
8384
8586
8788
8990
9192
93
Div
ielo
n of
Com
mun
ity C
olle
ges
71
Tot
al F
T E
E
SECTION IVSummary
39
Tuition and fees provided the majority of increases in recent budget years, while local propertytax and general aid continue to provide less and less support of the overall budget.
A detailed review of the current FY94 budget activities to FY93 clearly shows the continuing lossof federal revenue (Carl Perkins Vocational), while increases in tuition and fees and federal aidpicked up the majority of increase in support. There was little growth in property tax.
Different revenue sources and expenditures were studied to determine whether they kept pacewith inflation (CPI). Local property tax certainly did not keep pace with infiatior Tuition camecloser, however, general aid lost ground in the last two years. Salary exper.ittures also lostground when compared to adjusted salaries. Comparison of salaries and total expenditures perfull-time equivalent enrollee (FTEE) to figures adjusted for CPI, indicates a need for additionalsupport to keep pace with inflation.
Although in the future different sources of data may provide better comparative information, aneffort has been made here to provide comparative data per FTEE as it related to revenue andexpenditures. Tuition is the only area of revenue where significant growth has been experienced.
BEST COPY AVAIIABLE
40
COMMUNITY COLLEGES PRESIDENTS AND BUSINESS MANAGERS
AREA I (3191-562-3263
NORTHEAST IOWA COMMUNITY COLLEGEBOX 400CALMAR, IA 52132PRESIDENT - MR. DONALD ROBYBUSINESS MANAGER - ROBERT MAXSON
AREA II - (5151-423-1264
NORTH IOWA AREA COMMUNITY COLLEGE500 COLLEGE DRIVEMASON CITY, IA 50401PRESIDENT - DR. DAVID BUETTNERBUSINESS MANAGER - SANDY GOBEU
AREA III - (7121362-2601
IOWA LAKES COMMUNITY COLLEGE19 SOUTH 7TH STREETESTHERVILLE, IA 51334ACTING PRESIDENT - MR. CHARLES ULLOMBUSINESS MANAGER - ROBERT L'HEUREUX
AREA IV - (712)-324.5061
NORTHWEST IOWA COMMUNITY COLLEGE603 WEST PARK STREETSHELDON, IA 51201PRESIDENT - DR. CARL ROLFBUSINESS MANAGER - VERN SCHOENEMAN
AREA V - (515)-576-7201
IOWA CENTRAL COMMUNITY COLLEGE330 AVENUE MFORT DODGE, IA C0501PRESIDENT - DR. JACK BOTTENFIELDBUSINESS MANAGER - CHARLES PETERSON
AREA VI - (5151-752-4643
IOWA VALLEY COMMUNITY COLLEGE DISTRICTP.O. BOX 536MARSHALLTOWN, IA 50158PRESIDENT - DR. PAUL TAMBRINOBUSINESS MANAGER - RON LACEY
AREA VII - (3191.296-2320
HAWKEYE COMMUNITY COLLEGE1501 EAST ORANGE ROAD, BOX 8015WATERLOO, IA 50704PRESIDENT - DR. PHIWP BARRYBUSINESS MANAGER - RICK STOLTZFUS
AREA IX - (3191-322-5015
EASTERN IOWA COMMUNITY COLLEGE DISTRICT306 WEST RIVER DRIVEDAVENPORT, IA 52801PRESIDENT - MR. JOHN BLONGBUSINESS MANAGER - LANA DETTBARN
AREA X - (3191-398-5411
KIRKWOOD COMMUNITY COLLEGEP.O. BOX 2068CEDAR RAPIDS, IA 52406PRESIDENT, DR. NORMAN NIELSENBUSINESS MANAGER - DEAN DUNLAP
AREA XI - (5151-9646200
DES MOINES AREA COMMUNITY COLLEGE2006 SOUTH ANKENY BOULEVARDANKENY, IA 50021PRESIDENT - DR. JOSEPH BORGENBUSINESS MANAGER - JOHN TOMETICH
AREA XII - 0121-274-6400
WESTERN IOWA TECH COMMUNITY COLLEGEBOX 265SIOUX CITY, LA 51102PRESIDENT - DR. BOB DUNKERBUSINESS MANAGER - ROBERT BURWELL
AREA XIII - (7121-325-3200
IOWA WESTERN COMMUNITY COLLEGE2700 COLLEGE ROAD, BOX 4-CCOUNCIL BLUFFS, IA 51502PRESIDENT - DR. CARL HEINRICHBUSINESS MANAGER - DONALD PORTER
AREA XIV - (5151-782-7081
SOUTHWESTERN COMMUNITY COLLEGE1501 WEST TOWNUNE STREETCRESTON, IA 50801PRESIDENT - DR. RICHARD BYERLYBUSINESS MANAGER - MICHAEL E. LANG
6pEA XV - (5151-683-5111
INDIAN HILLS COMMUNITY COLLEGE525 GRANDVIEWOTTUMWA, IA 52501PRESIDENT - DR. LYLE HELLYERBUSINESS MANAGER - DAVE KNAUER
AmiywmanazatSOUTHEASTERN COMMUNITY COLLEGE1015 SOUTH GEAR AVENUEWEST BURUNGTON, IA 52655PRESIDENT - DR. R. GENE GARDNERBUSINESS MANAGER - WIWAM GEHRMANN
7 4
GLOSSARY OF TERMS
Fiscal Year Operational time period which is from July 1 to June30 for the community colleges.
Accounting Funds
General Fund
Unrestricted Fund 1
Restricted Fund 2
Combined Funds 1 and 2
Auxiliary Fund 3
Agency Fund 4
Scholarship Fund 5
The general fund is available for any legallyauthorized purpose and is, therefore, used toaccount for revenue and expenditures for activitiesnot provided for in other funds. The general fundconsists of the unrestricted fund and the restrictedfund.
The unrestricted fund (fund 1) is to include theorganizational units to be financed and are directlyconcerned with the operation of and support of theeducational program as a wholewith the onlyrestrictions are those imposed by the budget.
The restricted fund (fund 2) is used to account forresources that are aailable for the operation andsupport of the educational program, but which arerestricted as to their use by an outside agency orperson.
The total of fund 1 plus fund 2 (unrestricted andrestricted funds).
Fund 3 (Auxiliary fund) is used to record resourcesreceived, held and disbursed by an institution overwhich the institution has determination as to thenature and degree of receipts and expenditures.
Fund 4 (Agency fund) records resources received,held and disbursed by a college as a fiscal agentfor others. Revenue and expenditures shod notbe included as college revenue or expenditures andshould be reported separately.
Scholarship fund (fund 5) contain resourcesidentified as: (1) those funds available for awards tostudents but are not in payment for servicesrendered to the institution and do not requirerepayment. (2) Off-campus workstudy shall bereported in this fund, but on-campus workstudyshould not be; it should be reported in the fundwhich received the benefit of the workstudy student.
75
41
42
Glossary of TermsPage 2
Loan Fund 6
Plant Fund
Endowment 8
Accounting Functions(within Fund 1 and 2)
Revenue Sources
Unrestricted Fund Balance
ResIicted Fund Balance
Student Fees
Tuition
Loan funds (fund 6) are those whose principle isloanable to needy students through interest bearingloans.
Plant funds (fund 7) include several sub-funds suchas the unexpended plant sub-fund, the debt servicesub-fund, investment in plant sub-fund and thevoted tax sub-fund. All revenue and expenditurescontained In these sub-funds relate to the historicalor current cost of iand, buildings, atc. and theirupkeep and operation.
Endowment funds (fund 8) are those resources, theprincipal of which shall be maintained inviolate toconform with restrictions placed thereon by thedonor or other outside agency. Generally, only theincome from these funds may be used and the netincome from endowment fund investments shouldnot be reported as transactions of the endowmentfund group but should be reported directly in thefund group from which such income will beexpended.
Arts and Science Education, Vocational-TechnicalEducation, General Adult Education, CooperativePrograms or Services, General Administration,Student Services, Learning Resources, PhysicalPlant, and General Institution.
The excess of revenue over expenditures fromcurrent or preceding years which are available to bespent for any purpose.
An excess of revenue over expenditures fromcurrent or previous years which must be spent forspecific purposes.
incidental fees collected from students; such as lab,graduation, transcript, and other similar type fees.
Tuition charges paid by students for attendingclasses/programs at rAn institution.
,
Glossary of TermsPage 3
Local Tax Support
State Support
Federal Support
Sales and Services
Other Income
ppenditure Categories
Salaries, Related Payrolland Fringe Benefits
Services
Materials, Supplies and Travel
Other Current Expenses
Instructional Equipment
Capital Outlay
Taxes levied on property in a merged area forspecific purposes such as equipment replacement,operations, tort, and other similar activities.
Revenue received from state sources such as stategeneral aid, state workstudy, and other types ofmonies from the state treasury.
Revenue categorized as being federal in origin, eventhough it may pass through oh state warrants.Examples are federal vocational aid, special needs,Titles I, II, Ill, VI and VII, and similar funds.
Incidental revenue produced by a sub-group of theinstitution; such as vending machines, rental ofcollege facilities, bookstore, and other similaractivities.
Any other miscellaneous income such as interest,gifts/grants or any other source of income notidentified in any other area.
A group of expense accounts which relate to thesalaries, related payroll, and fringe benefits foremployees of the college.
This group of accounts is charged with fees paid forservices by persons not on the institution's payroll.
This category of expenses are identified asmaterials, supplies, and travel.
Miscellaneous expenses related to operation of thecollege.
Necessary equipment purchased for use ininstructional program or course offered by acollege.
Purchased equipment, vehicles, library books/films,land, buildings and fixed equipment, otherstructures and improvements necessary for theoperation of an institution.
43
44
Glossary of TermsPage 4
Terms
NACUBO
AICPA
GAAP
National Association of College and UniversityBusiness Officers
Association of Independent Certified PublicAccountants
Generally Adopted Accounting Principles
Th
