HCC Financial Report August 2014

Unaudited

Summary Operating Statements

For the Period

September 1, 2013 ‐ August 31, 2014

For the Meeting of the Board of Trustees ‐ October 7, 2014

forHouston Community College System

&

Houston Community College Public Facility Corporation

Memorandum Management Discussion & Analysis i

Fund Balances Fund Balance Statement 1

Operating Summary HCCS Unrestricted Revenue & Expenditures 2

Auxiliary Sources and Uses of Auxiliary Funds 3

Balance Sheet Balance Sheet by Fund 6

Budgets Adjusted Budgets by Division 7

Exemptions/Waivers Exemptions & Waivers Detail 8

Table of ContentsFor the Period September 1, 2013 ‐ August 31, 2014

For the Meeting of the Board of Trustees

Houston Community College System

Managements Discussion and Analysis

Thru August 31, 2014

Revenues

Expenditures

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.

Total revenues and expenditures by expense type for the Operating Fund for 2013‐2014 are reported on page one.

Highlights of financial activities year‐to‐date are as follows:

State Appropriations received year to date totaled $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.

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.

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.

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.

i

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.

Managements Discussion and Analysis


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

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.

ii

1Items requested during the budget planning process for new funding (i.e. Equipment, personnel, adjunct faculty

funding, etc.)

1,300,000

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.

‐

125,000

2,500,000

1,320,000

1,000,000

49,500

14,731,391$

Capital Outlay expenses totaled $8,465,259 year‐to‐date, 90% above last year. Building improvements and IT

equipment purchases contributed to the increase.

Total operating fund expenditures year‐to‐date total $281,709,383, 4.3% above the previous year.

Budget

2,374,415$

5,535,476

527,000

Unrestricted Restricted Auxiliary1Loan &

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

ExpensesSalaries 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 1,018,954 208,448 206,644 ‐ ‐ ‐ 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 ‐ ‐ ‐ 1,230,553 255,406 ‐ ‐ 31,983,279

Utilities 8,474,199 ‐ 483,876 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 8,958,075

Other Departmental Expenses3

2,531,325 135,298 4,454,470 ‐ ‐ ‐ 299 ‐ ‐ ‐ 7,121,392

Instructional and Other Materials4 & 5

7,840,510 372,303 283,661 ‐ ‐ ‐ 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 ‐ ‐ 185,501 92,109,434

Depreciation ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 19,743,511 ‐ 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 20,551,870 185,501 585,662,882

Net of Revenue/Expenses 12,154,567 37,992 (2,995,423) ‐ (549,249) 10 (93,474,857) 2,595,507 (17,392,012) 324,114 (99,299,351)

Fund Balance Entries (534,916) (156,367) 96,580,771 24,112,612 120,002,098

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.

Funds

Operating Statement ‐ Unaudited Fund Balances (Across all Funds)as of August 31, 2014

1

FY2013 Actuals FY2014 Budget

Year‐to‐Date Actuals


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 63,101,478 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

‐‐ Extended Learning6,400,587 6,565,665 6,910,079 105.2% (344,414) 6,537,839 372,240 5.69%

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 23,841,690 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 fines3 Planned Fund Balance transfer and additional budget commitments related to Student Services & Instruction

as approved by the Board during the budget process.4 Contracted Services includes consulting, auditing and maintenance & ground services.

5 Institution‐wide is inclusive of colleges and/or system administration expenditure (ie. Accreditation fees,

Graduation Expense, Elections Expense).

HOUSTON COMMUNITY COLLEGE2013‐2014 Budget vs. Actuals

as of August 31, 2014

HCCS CURRENT UNRESTRICTED

2

3101‐3100

Main Leasing

3104 ‐ Minority

Business

Development

Agency Misc. Auxiliary2 Foundation3 Marketing

Bookstore

Commission

Total Auxiliary

(3110)

3111

International

Student

Services4

3201

Cafe Club NEO

3100 MainSubtotal

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$

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

Materials

600 25,275 25,275 252,155 278,030

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$

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.

HOUSTON COMMUNITY COLLEGE SYSTEMAuxiliary Budget By Fund


Net Assigned Fund Balance

Assigned Fund Balance at

August 31, 2013

3

Auxiliary Funds1

3110



3207

Saigon Tech23208

Saudi Consulting

Services3

3209

Qatar

3210

International

Initiatives Subtotal

257,633$ 155,804$ 880,316$ (92,954)$ 1,200,800$

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$ 1 Restricted by limitations; must comply with laws, statutes and regulations.2 Revenue is associated with Saigon Tech3 Fund Balance is comprised of Settlements from NCAAA Contract & Education Experts Co.

Assigned Fund Balance at

August 31, 2013

Net Assigned Fund Balance

4

Auxiliary Funds1



3110

Student Vending

Commission

3111

Student Activity Fee

3112

Student Athletic FeeSubtotal 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 52,947

Rental & Leases 3,644 12,670 16,315 72,737

Contract Services 6,397 115,647 153,128 275,172 2,038,550

Utilities ‐ 483,876

Departmental

Expenses

21,387 44,486 38,537 104,409 4,454,470

Instructional &

Other Materials

795 3,149 3,944 283,661

Maintenance &

Repair

10 10 17,086

Insurance ‐ Risk

Mgmt

3,045 2,563 5,608 5,987

Exemptions and

Waivers

29,000 53,499 312 82,810 84,875

Transfer ‐ 4,101,005

Capital Outlay ‐ 91,631

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 students5

Student Auxiliary Funds ‐ Committed1

Net Committed Fund Balance

CURRENT &

LOAN FUNDS1

PLANT & BOND

FUNDS2 Total All Funds

ASSETSCurrent 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$

LIABILITIESCurrent 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.

Houston Community CollegeBalance Sheet By Fund

For Month Ended August 31, 2014

6


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$

HOUSTON COMMUNITY COLLEGEFY 2013‐14 Adjusted Budget by Colleges

7

FY 2012‐13 FY 2013‐14

Budget:Adjusted Budget FY 2013‐14, Net 41,453,277$

Revenues Received:Tuition 46,926,645 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

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%

Year‐to‐Date

Activity thru

08/31/2013

Year‐to‐Date

Activity thru

08/31/2014

Actuals %

Inc/(Dec)YTD

vs. PriorYTD

8

Exemptions & Waivers

Thur August 31, 2014

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