Summary Operating Statements

For the Period

September 1, 2013 ‐ July 31, 2014

For the Meeting of the Board of Trustees ‐ August 14, 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 ‐ July 31, 2014

For the Meeting of the Board of Trustees

Houston Community College System

Managements Discussion and Analysis

Thru July, 31, 2014

Revenues

Expenditures 

Tuition & Fee‐Extended Learning receipts totaled $6,730,197 year to date, 5.6% above last year.  Total tuition and 

fees‐Extended Learning at fiscal year end are expected to be $6,857,003.

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 $62,633,215, 1.4% below last year.   The reduction is namely due 

to one‐time funding issued to community colleges for the previous biennium.  Under Article IX, the state provided 

this supplemental funding in the prior biennium of $1.4M per year.  The state adopted a new funding formula during 

the 83rd Legislative Session; 10% of appropriations will be based on student success points and must be earned.  

However, for the first biennium, the state waived the use of the formula and will grant each community college full 

funding.  Total biennium funding was reduced by 1.5% compared to the previous biennium.  Total appropriations 

received are expected to be $69,202,364.

Ad Valorem Tax collections totaled $111,653,747 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.  We project that the total tax revenue for the fiscal year will be $112,151.493.

Tuition and Fees net revenue year to date totaled $102,478,368 which is 2.5% 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.  We are projecting tuition and fee 

revenue  to be $101,406,509 at fiscal year‐end; 4.7% below budget plan. 

Total revenue collections, net of exemptions and waivers, totaled $286,180,545 year‐to‐date.  Total revenue received at fiscal year‐end is expected to be $292,541,113; which is 2.1% above budget plan.

Benefits costs totaled $16,915,759 year‐to‐date, 14.7% 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.  Due to TRS rule changes, 

benefits at year‐end are expected to increase by $1.5M.  Total benefits at fiscal year end are expected to be 

$21,065,193.

Total Salaries are $153,240,780 year‐to‐date, 3% above the previous year, namely due to the 3% annual salary 

increases.  Salary expense at year‐end is expected to increase by $1.5M due to changes in TRS guidelines.  Total 

salaries at year end are expected to be $165,875,797.

Contracted services year‐to‐date totaled $20,867,637, 13.9% above the previous year.  The increase is namely due to 

an increase in janitorial, security and facility maintenance.  Additional IT projects also contributed to the increase.  

Total Contracted Services  at year‐end are expected to be $25,801,825.

i

Other Departmental expenses totaled $2,142,435 year‐to‐date, 26.3% above last year.  The increase is mainly due to 

election expenses incurred and pinning ceremony expenses for Health Sciences.  Total expenses in this category are 

expected to be $$2,536,185 at year end.

Managements Discussion and Analysis

Thru July, 31, 2014

Budget Priorities funding allocated for the year are detailed below through July 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

‐                     

125,000           

2,500,000        

Total operating fund expenditures year‐to‐date total $259,165,045.  We are projecting expenditures to be $291,505,224 at fiscal year end.

Budget

2,374,415$       

5,535,476          

527,000           

1,320,000        

1,000,000        

49,500              

14,731,391$      

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

funding, etc.)

ii

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.

Instructional & Other Materials year‐to date totaled $6,853,993, 25.8% above last fiscal year.  IT upgrades and 

additional software purchases contributed to the increase.  Expenses in this area are expected to be $8,201,561 at 

year end.

Capital Outlay expenses totaled $6,228,958 year‐to‐date, 102% above last year.  Building improvements and IT 

equipment purchases contributed to the increase.  Total expenses for the year are expected to be within budget at 

$8,974,769.

Maintenance & Repairs expenses totaled $1,295,070 year‐to‐date, which is 91% above the previous year.  The 

increase is namely due to an increase in building maintenance projects completed in the fiscal year.  Total expenses 

at  year end are projected to be $1,783,152.

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         286,180,544       28,137,916          16,470,485                              ‐          101,883,359                          10                    5,875,536              34,396,736                    3,498,041               509,507           476,952,135 

ExpensesSalaries 153,240,780         5,822,877        6,579,826          ‐                           1,433,296           ‐                        199,220                      ‐                           ‐                               ‐                       167,275,998        

Employee Benefits 16,915,759           12,315,551      1,252,063          ‐                           ‐                       ‐                        43,864                        ‐                           ‐                               ‐                       30,527,237          

Supplies & General Exp 4,557,103              293,372           888,050               ‐                           ‐                       ‐                        35,591                        ‐                           ‐                               ‐                       5,774,116             

Travel 911,453                 189,238           202,403               ‐                           ‐                       ‐                        582                              ‐                           ‐                               ‐                       1,303,677             

Marketing Costs 982,405                 52,658              52,747                 ‐                           ‐                       ‐                        1,300                           ‐                           ‐                               ‐                       1,089,110             

Rentals & Leases 2,178,026              94,066              66,890                 ‐                           ‐                       ‐                        3,092                           ‐                           ‐                               ‐                       2,342,074             

Insurance/Risk Mgmt 6,450,392              7,516                5,153                   ‐                           ‐                       ‐                        ‐                               ‐                           ‐                               ‐                       6,463,061             

Contracted Services 20,867,637           3,952,409        1,655,535          ‐                           ‐                       ‐                        1,223,645                   236,555                   ‐                               ‐                       27,935,780          

Utilities 7,490,956              ‐                     425,476               ‐                           ‐                       ‐                        ‐                               ‐                           ‐                               ‐                       7,916,432             

Other Departmental Expenses3

2,142,435              70,392              4,097,247          ‐                           ‐                       ‐                        299                              ‐                           ‐                               ‐                       6,310,372             

Instructional and Other Materials4 & 5

6,853,993              295,452           239,757               ‐                           ‐                       ‐                        1,069,167                   ‐                           ‐                               ‐                       8,458,368             

Maintenance and Repair 1,295,070              527,755           15,314                 ‐                           268,620               ‐                        376,679                      ‐                           ‐                               ‐                       2,483,438             

Transfers In/Out6

28,955,059           ‐                     4,095,000          ‐                           (3,041,873)         ‐                        4,439,193                   (34,447,379)           ‐                               ‐                       ‐                         

Debt 95,020                   ‐                     ‐                       ‐                           ‐                       ‐                        468,995                      60,179,055             808,359                       0                          61,551,429          

Capital Outlay 6,228,958              788,060           97,636                 ‐                           ‐                       ‐                        75,136,231                 ‐                           ‐                               183,976               82,434,861          

Depreciation ‐                          ‐                     ‐                       ‐                           ‐                       ‐                        ‐                               ‐                           17,571,418                  ‐                       17,571,418          

Scholarship Distribution 103,742,914      103,742,914        

Total Expenses 259,165,045         24,409,345      19,673,098        ‐                           102,402,957      ‐                        82,997,857                 25,968,231             18,379,777                  183,976               533,180,286        

Net of Revenue/Expenses 27,015,499           3,728,571        (3,202,612)         ‐                           (519,598)              10                         (77,122,321)                8,428,505               (14,881,736)                325,531               (56,228,151)         

Fund Balance Entries (534,916)                (148,343)              81,275,810                 20,775,679                  101,368,230        

Debt Funded ‐                         

Fund Balance as of 07/31/2014 115,933,385$      12,451,106$    5,823,584$        509,932$                37,676$               (59,601)$              7,302,744$                 17,910,724$          230,294,059$            (6,000,289)$       384,203,319$      

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 $6.8M 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 $6,853,993 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 $214,140 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 July 31, 2014

1

FY2013 Actuals FY2014 Budget

Year‐to‐Date Actuals 

Thru July 31, 2014

Actuals  as a 

% of Budget Unrealized Budget

Year‐to‐Date 

Actuals Thru July 

31, 2013

2013‐2014 

Inc/(Dec) vs. 2012‐

2013

Actuals % 

Inc/(Dec)YTD 

vs. PriorYTD

Projected Actuals 

@ 8/31/2014

Projected 2013‐

2014 Inc/(Dec) vs. 

Budget

Projected 

2013‐2014 

Inc/(Dec) vs. 

Adj Budget %

REVENUES

State Appropriations 70,014,003$       69,202,364$         62,633,215$      90.5% 6,569,149$          63,495,699$      (862,484)$        ‐1.36% 69,202,364      ‐                     0.00%Ad Valorem Taxes 106,097,476       101,478,107         111,653,747     110.0% (10,175,640)        104,405,862      7,247,884       6.94% 112,151,493    10,673,386       10.52%Tuition, Net 40,063,500         41,453,277           39,155,342        94.5% 2,297,935            40,158,942        (1,003,600)      ‐2.50% 39,129,719      (2,323,558)       ‐5.61%

Fees1 63,996,717         64,922,582            63,323,026          97.5% 1,599,556              64,939,079        (1,616,053)      ‐2.49% 62,276,791      (2,645,791)       ‐4.08%

Other Local Income2 2,184,999           2,543,140               2,128,472            83.7% 414,668                 2,020,706          107,765           5.33% 2,311,774        (231,366)           ‐9.10%Tuition & Fee, Net

 ‐‐ Extended Learning6,400,587           6,565,665               6,730,197            102.5% (164,532)                6,372,972          357,225             5.61% 6,857,003          291,338              4.44%

Grant Revenue 517,655              434,410                 556,546             128.1% (122,136)              462,232             94,314             20.40% 611,969            177,559            40.87%Total Revenues 289,274,937       286,599,545         286,180,545     99.9% 419,000               281,855,493      4,325,052       1.53% 292,541,113    5,941,568         2.07%

Assigned Fund Balance Transfers In3

Assigned Fund Balance Transfers In3 ‐                           14,731,391           ‐                          0.0% 14,731,391         ‐                     ‐                   0.00% 14,731,391      ‐                     0.00%FY2013 Purchase Order Rolls ‐                           6,772,578               ‐                            0.0% 6,772,578              ‐                      ‐                     0.00% 6,772,578          ‐                       0.00%

Total Assigned FB Transfers In ‐                           21,503,969            ‐                            ‐                 21,503,969           ‐                      ‐                     ‐              21,503,969        ‐                       ‐                  Total Revenues Plus Assigned FB Transfer In 289,274,937$     308,103,514$       286,180,545$    92.9% 21,922,969$        281,855,493$    4,325,052$      1.53% 314,045,082$   5,941,568$        1.93%

EXPENSES

Salaries 158,833,961       173,921,496         153,240,780     88.1% 20,680,716         148,766,993      4,473,786       3.01% 165,875,797    (8,045,699)       ‐4.63%Employee Benefits 18,704,344         18,152,880           16,915,759        93.2% 1,237,121            14,751,325        2,164,434       14.67% 21,065,193      2,912,313         16.04%Supplies Gen Exp 5,216,679           6,218,205              4,557,103          73.3% 1,661,102            4,660,200          (103,097)         ‐2.21% 5,420,970        (797,235)           ‐12.82%Travel 883,137              1,228,157              911,453             74.2% 316,704               777,330             134,124           17.25% 1,000,967        (227,190)           ‐18.50%Marketing Costs 1,350,751           1,231,518              982,405             79.8% 249,113               1,299,364          (316,960)         ‐24.39% 1,231,518        0                        0.00%Rental & Leases 2,234,487           2,953,640              2,178,026          73.7% 775,614               2,159,748          18,279             0.85% 2,403,739        (549,901)           ‐18.62%Insurance/Risk Mgmt 6,521,682           7,052,698              6,450,392          91.5% 602,306               6,519,897          (69,506)            ‐1.07% 7,052,698        0                        0.00%

Contract Services4 21,328,764         26,798,960           20,867,637          77.9% 5,931,323            18,327,458        2,540,179       13.86% 25,801,825      (997,135)           ‐3.72%Utilities 8,414,469           11,369,382           7,490,956          65.9% 3,878,426            7,063,294          427,662           6.05% 9,739,827        (1,629,555)       ‐14.33%

Other Departmental Expenses5 1,799,321           2,797,854              2,142,435            76.6% 655,419               1,697,014          445,421           26.25% 2,536,185        (261,669)           ‐9.35%Instructional & Other Materials 6,263,298           10,475,030           6,853,993          65.4% 3,621,037            5,448,881          1,405,111       25.79% 8,201,561        (2,273,469)       ‐21.70%Maintenance & Repair 1,082,934           1,923,182              1,295,070          67.3% 628,112               678,779             616,292           90.79% 1,783,152        (140,029)           ‐7.28%Transfers/Debt 33,095,470         30,417,024           29,050,079        95.5% 1,366,945            28,330,519        719,560           2.54% 30,417,024      ‐                     0.00%Budget Commitments ‐                           1,885,192              ‐                          0.0% 1,885,192            ‐                     ‐                   0.00% ‐                    (1,885,192)       ‐100.00%Capital Outlay 4,451,702           11,678,296           6,228,958          53.3% 5,449,338            3,080,913          3,148,045       102.18% 8,974,769        (2,703,527)       ‐23.15%

     Total Expenses  270,180,997$     308,103,514$       259,165,045$    84.1% 48,938,469$        243,561,714$    15,603,331     6.41% 291,505,224    (16,598,289)     ‐5.39%NET REVENUE Incr/(Decr) Vs EXPENSES 19,093,940$       27,015,500$      38,293,779$      1,035,889$       22,539,857$    

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 July 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  4,952,328              18,851                      468,257                    ‐                                    ‐                             2,173,961             2,642,218            (520)                    474,012             8,086,889         

 Salaries  275,733                 668,753                      80,626                           749,379                 279,765               250,399               1,555,276           

 Benefits  72,767                   143,557                      16,000                           159,557                 65,902                  62,494                  360,721              

 Supplies Gen Exp  54,030                   129,678                      9,134                             138,812                 16,078                  208,920              

 Travel  5,454                           6,913                             12,367                   25,894                  38,261                 

 Marketing Costs  31,434                        31,434                   31,434                 

 Rental & Leases  4,011                     8,434                         37,925                        37,925                   1,280                    51,650                 

 Contract Services  846,115                 296,928                      63,299                           360,227                 1,645                    1,207,988           

 Utilities  421,725                 ‐                              3,751                    425,476              

 Departmental Expenses  1,500                     350,512                      8,349                             3,597,183              3,956,043              25,872                  3,983,416           

 Instructional & Other 

Materials 

600                         21,869                           21,869                   214,140               236,608              

 Maintenance & Repair  5,517                     1,148                           1,148                     8,638                    15,304                 

 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  5,787,384             8,434                         1,754,734                   206,189                         ‐                              5,558,106             397,785               558,426               12,310,134         

Contribution to Fund Balance (835,055)            10,417                  (1,286,477)             (206,189)                   (3,597,183)        2,173,961          (2,915,888)        (398,305)          (84,413)             (4,223,244)      

17,772,210$     10,417$                (14,483,681)$         (1,664,222)$             (19,768,117)$    23,002,558$     (12,913,461)$    (1,559,144)$     (1,520,339)$     1,789,682$     

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

as of July 31, 2014

Net Assigned Fund Balance 

Assigned Fund Balance at 

August 31, 2013

3

Auxiliary Funds1

3110

HOUSTON COMMUNITY COLLEGE SYSTEMAuxiliary Budget By Fund

as of July 31, 2014

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  46,666                      ‐                                 6,271,548                    ‐                             6,318,214            

 Salaries  1,200                         4,763,458                      4,764,658             

 Benefits  851,687                         851,687                

 Supplies Gen Exp  357                            9,810                             10,167                  

 Travel  4,661                         17,327                           21,988                  

 Marketing Costs  ‐                             

 Rental & Leases  ‐                             

 Contract Services  188,625                         188,625                

 Utilities  ‐                             

 Departmental 

Expenses 

9,983                             9,983                    

 Instructional & 

Other Materials 

‐                             

 Maintenance & 

Repair 

‐                             

 Insurance/Risk  ‐                             

 Exemptions and 

Waivers 

‐                             

Transfer ‐                             

 Capital Outlay  ‐                             

 Total Expense  6,218                         ‐                                   5,840,889                     ‐                              5,847,108             

Contribution to Fund Balance 40,448                  ‐                               430,659                    ‐                          471,107            

298,081$              155,804$               1,310,975$               (92,954)$            1,671,907$       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

HOUSTON COMMUNITY COLLEGE SYSTEMAuxiliary Budget By Fund

as of July 31, 2014

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  169,207                    1,093,397                   884,192                         2,146,796              16,551,900       

 Salaries  16,600                      61,767                        181,525                         259,892                 6,579,826         

 Benefits  460                              39,195                           39,655                   1,252,063         

 Supplies Gen Exp  85,454                      513,481                      70,028                           668,963                 888,050            

 Travel  1,037                         106,451                      34,667                           142,154                 202,403            

 Marketing Costs  6,487                         1,221                           13,606                           21,313                   52,747               

 Rental & Leases  2,750                         12,490                           15,240                   66,890               

 Contract Services  6,397                         109,500                      143,025                         258,922                 1,655,535         

 Utilities  ‐                              425,476            

 Departmental 

Expenses 

21,387                      43,925                        38,537                           103,849                 4,097,247         

 Instructional & 

Other Materials 

3,149                             3,149                     239,757            

 Maintenance & 

Repair 

10                                   10                           15,314               

 Insurance ‐ Risk 

Mgmt 

2,961                           1,813                             4,774                     5,153                 

 Exemptions and 

Waivers 

29,000                      50,038                        312                                 79,349                   81,414               

 Transfer  ‐                              4,101,005         

 Capital Outlay  ‐                              91,631               

 Total Expense  169,112                    889,803                      538,356                         1,597,271             19,754,512       

Contribution to Fund Balance 95                          203,594                  345,836                    549,525             (3,202,612)       

291,811$              1,044,951$            1,025,233$               2,361,994$        5,823,584$       

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 120,124,344$  31,402,143$         151,526,486$       Restricted cash & cash equivalents 12,880,362      ‐                             12,880,362           Short term Investments ‐                        ‐                             ‐                             Accounts/Other receivable (net) 28,021,917      1,812,006             29,833,923           Deferred charges 1,673,802        ‐                             1,673,802              Prepaids 61,745              ‐                             61,745                   

Total Current Assets 162,762,170    33,214,148          195,976,319         

Non‐current Assets:Restricted cash & cash equivalents ‐                        367,918,776        367,918,776         Restricted long‐term investments ‐                        54,825,837          54,825,837           Long‐term investments 6,730,284        ‐                             6,730,284              Capital Assets, net ‐                        836,560,331        836,560,331         

Total Non‐current Assets 6,730,284        1,259,304,944     1,266,035,228      

Total Assets 169,492,454$  1,292,519,092$    1,462,011,547$    

LIABILITIESCurrent Liabilities:

Accounts payable 3,360,966        136,237                3,497,203              

Accrued liabilities 3,874,055          1,335,703               5,209,758              Compensated absences 2,261,499        ‐                             2,261,499              Funds held for others 684,516           189,209                873,726                 Deferred revenue 24,615,339      1,292,759             25,908,098           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 34,796,374      31,023,909          65,820,283           

Non‐current Liabilities:Deposits ‐                        ‐                             ‐                             Notes payable ‐                        161,141,737        161,141,737         Bonds payable ‐                        742,650,194        742,650,194         Capital lease obligations ‐                        102,195,726        102,195,726         

Total Non‐current Liabilities ‐                        1,005,987,657     1,005,987,657      

Total Liabilities 34,796,374$     1,037,011,565$    1,071,807,940$    

 Fund Balance‐ 

August 31, 2013 Audited  108,357,470    237,031,590        345,389,060         

Revenues Over Expenditures     Unrestricted 23,277,971      23,277,971                Restricted 3,060,641        3,060,641                   Net Investment in Plant 18,475,937          18,475,937           

Total Fund Balances, Unaudited 134,696,082$  255,507,527$       390,203,609$       

 Total Liabilities &  Fund Balances  169,492,456$  1,292,519,092$    1,462,011,547$    

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 July 31, 2014

6

as of July 31, 2014

 TM   CENTRAL  NORTH

WEST 

 NORTH

EAST 

 SOUTH

WEST  SOUTH EAST   COLEMAN 

 EXTENDED 

LEARNING  SYSTEM   Grand Total 

Salaries 23,987,110$     24,801,679$     18,987,117$     26,704,549$     15,351,275$     11,275,156$     10,494,694$     42,319,916$         173,921,496$      

Employee Benefits ‐                      ‐                      ‐                      ‐                      ‐                      ‐                      ‐                      18,152,880           18,152,880          

Supplies & Gen 374,899             463,986             229,053             396,840             303,794             332,113             185,352             3,932,167             6,218,205            

Travel 123,672             158,852             26,267               70,187               35,809               143,359             61,425               608,586                 1,228,157            

Marketing Costs 33,339               40,336               58,159               36,024               92,644               43,323               178,720             748,973                 1,231,518            

Rentals & Leases 7,477                  142,001             963,929             534,961             81,052               469,051             23,213               731,956                 2,953,640            

Insurance/Risk Mgmt 906                     406                     50                       462                     ‐                      ‐                      ‐                      7,050,874             7,052,698            

Contracted Services 327,294             299,993             83,624               44,384               119,985             307,025             20,792               25,595,863           26,798,960          

Utilities 5,025                  68                       4,600                  1,767                  ‐                      ‐                      ‐                      11,357,922           11,369,382          

Other Departmental Expenses 69,528               61,197               38,438               39,926               43,852               106,396             28,860               2,409,657             2,797,854            

Instructional and Other Materials 481,560             237,358             152,485             236,947             155,464             394,310             481,105             8,335,802             10,475,030          

Maintenance and Repair 186,478             47,063               35,317               50,717               40,646               84,783               118,753             1,359,425             1,923,182            

Transfers/Debt ‐                      860,561             5,637,942          1,200,000          ‐                      ‐                      ‐                      22,718,521           30,417,024          

Budget Commitments/Priority Funding 1,988                  2,035                  15,051               3,092                  ‐                      5,226                  ‐                      1,857,800             1,885,192            

Capital Outlay 497,386             836,756             77,462               307,544             153,058             522,090             158,061             9,125,938             11,678,296          

‐                        

Grand Total 26,096,662$  27,952,292$  26,309,494$  29,627,400$  16,377,579$  13,682,832$  11,750,975$  156,306,280$   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         46,957,270         46,183,318          

Waivers & Exemptions:Dual Credit (4,877,897)          (4,819,811)          (4,932,920)           

Other (1,985,247)          (1,978,517)          (2,095,056)           

Total Waivers & Exemptions (6,863,144)          (6,798,328)          (7,027,976)           

Total Tuition Revenue, Net 40,063,501$        40,158,942$        39,155,342$         

Budget:Budget FY 2013‐14, Net 6,565,665$           

Revenues Received:Tuition 8,677,989            8,523,249            8,580,808            

Waivers & Exemptions:Corrections (2,277,402)          (2,150,277)          (1,850,611)           

Total EL Tuition Revenue, Net 6,400,587$          6,372,972$          6,730,197$           

FY 2012‐13 FY 2013‐14

Dept of Corrections 2,277,402$          2,150,277$          1,850,611$            ‐13.94%

Dual Credit Waiver 4,877,897            4,819,811            4,932,920             2.35%

Other:

Employee Fee Exemptions 70,071                 69,971                 69,709                   ‐0.37%

Firemen 25,475                 25,475                 26,082                   2.38%

Hazelwood 1,266,190            1,262,519            1,410,794             11.74%

Deaf & Blind 258,017               257,751               205,537                 ‐20.26%

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                 15,702                 15,498                   ‐1.30%

Misc Tuition/Fees Waivers ‐                        ‐                        6,576                     0.00%

Scholarship Distribution ‐                        ‐                        10,000                   0.00%

Apprenticeship Waivers ‐                        (38)                        ‐                         ‐100.00%

Refugee Waiver ‐                        (162)                     183                        ‐212.96%

Foster Children‐Resident 304,145               305,407               302,314                 ‐1.01%

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                 10,450                 3,000                     0.00%

Scholars Costs Funded by State ‐                        ‐                        6,050                     0.00%

Total Other Exemptions 1,985,247            1,978,517            2,095,056             5.89%

Grand Total Exemptions & Waivers 9,140,546$          8,948,605$          8,878,587$            ‐0.78%

 Year‐to‐Date 

Activity thru 

07/31/2014 

 Actuals % 

Inc/(Dec)YTD 

vs. PriorYTD 

8

Exemptions & Waivers

Thur July 31, 2014

Account

 End of Year 

Activity 

Year‐to‐Date 

Activity thru 

07/31/2013

 Year‐to‐Date 

Activity thru 

07/31/2014 

Tuition

Tuition ‐ Extended Learning

Exemptions & Waivers

 End of Year 

Activity 

Year‐to‐Date 

Activity thru 

07/31/2013