condensed fs2014 january

Summary Operating Statements

For the Period

September 1, 2013 ‐ January 31, 2014

For the Meeting of the Board of Trustees ‐ February 27, 2014

forHouston Community College System

&

Houston Community College Public Facility Corporation

Memorandum Management Discussion & Analysis

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 ‐ January 31, 2014

For the Meeting of the Board of Trustees

Houston Community College System

Managements Discussion and Analysis

Thru January 31, 2014

Revenues

Expenditures

Total Salaries are $69,770,185 year‐to‐date, 3.8% 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 $172,912,305.

Contracted services year‐to‐date totaled $8,846,878, 17.4% 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 $26,538,061.

i

Athletic Field Project ‐ In April 2012, the Board approved approximately $4.1M in Auxiliary funds for six athletic

fields. This amount has been set aside from the Auxiliary Fund Balance.

Tuition & Fee‐Extended Learning receipts totaled $3,999,031 year to date, 5.2% above last year. Total tuition and

fees‐Extended Learning at fiscal year end are expected to be $6,565,665.

Total revenue collections, net of exemptions and waivers, totaled $177,034,165 year‐to‐date. Revenue, net of exemptions & waivers, and transfer‐ins are expected to be $304,721,296 at fiscal year end.

Benefits costs totaled $7,694,812 year‐to‐date, 5.6% 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

$19,722,603.

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

the tab Detailed Financial Statements. Highlights of financial activities year‐to‐date are as follows:

State Appropriations received year to date totaled $29,787,470, 3.6% 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 $57,233,085 year‐to‐date. The tax rate for FY 2014 will remain the same as the

prior year tax rate at $0.097173. However, the proportion of tax revenue applied to operations will decrease this

year due to the increase in tax revenue applied to debt service. We project that the total tax revenue for the fiscal

year will be $102,727,379, which is a 5% decrease compared to the previous year.

Tuition and Fees net revenue year to date totaled $84,763,528 which is 2.2% lower than the same time last year. Fall

2013 enrollment shows a 1.3% decrease to‐date. We are projecting tuition and fees revenue to be $101,744,369.

Managements Discussion and Analysis

Thru January 31, 2014

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

Instructional & Other Materials year‐to date totaled $3,900,823, 43% above last fiscal year. IT upgrades and

additional software contributed to the increase. Expenses in this area are expected to be $12,137,889 at year end.

Total operating fund expenditures year‐to‐date total $114,635,129. We are projecting expenditures to be $305,350,875 at fiscal year end.

Budget

2,374,415$

5,535,476

1,300,000

125,000

2,500,000

ii

‐

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

funding, etc..)

527,000

1,320,000

1,000,000

49,500

14,731,391$

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 177,034,165 14,578,177 8,105,250 5,604 76,092,488 10 1,832,206 19,254,603 ‐ 3,922 296,906,425

ExpensesSalaries 69,770,185 2,561,991 3,094,843 ‐ 512,747 ‐ 90,503 ‐ ‐ ‐ 76,030,270

Employee Benefits 7,694,812 5,563,475 602,755 ‐ ‐ ‐ 19,934 ‐ ‐ ‐ 13,880,976

Supplies & General Exp 2,009,012 96,147 358,995 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 2,464,153

Travel 356,099 49,123 28,586 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 433,807

Marketing Costs 461,990 13,106 23,002 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 498,099

Rentals & Leases 1,199,402 53,617 27,708 ‐ ‐ ‐ 678 ‐ ‐ ‐ 1,281,405

Insurance/Risk Mgmt 6,465,806 2,287 679 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 6,468,772

Contracted Services 8,846,878 1,505,120 669,885 ‐ ‐ ‐ 105,547 173,546 ‐ ‐ 11,300,975

Utilities 2,785,993 ‐ 157,215 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 2,943,208

Other Departmental Expenses3

838,688 24,913 2,444,214 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 3,307,815

Instructional and Other Materials4 & 5

3,900,823 82,779 101,436 ‐ ‐ ‐ 121,702 ‐ ‐ ‐ 4,206,739

Maintenance and Repair 595,522 253,646 5,674 ‐ 78,411 ‐ 133,576 ‐ ‐ ‐ 1,066,828

Transfers In/Out6

6,168,004 ‐ 4,095,000 ‐ (2,499,383) ‐ (4,095,000) (3,668,621) ‐ ‐ (0)

Debt 46,334 ‐ ‐ ‐ ‐ ‐ ‐ 3,668,621 ‐ 615,397 4,330,353

Capital Outlay 3,495,581 249,251 97,787 ‐ ‐ ‐ 50,639,782 ‐ ‐ 105,082 54,587,483

Depreciation ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 7,954,556 ‐ 7,954,556

Scholarship Distribution 78,038,915

Total Expenses 114,635,129 10,455,455 11,707,777 ‐ 76,130,690 ‐ 47,016,722 173,546 7,954,556 720,479 190,755,439

Net of Revenue/Expenses 62,399,036 4,122,722 (3,602,527) 5,604 (38,202) 10 (45,184,517) 19,081,057 (7,954,556) (716,557) 28,112,071

Fund Balance Entries (578,639) (7,328) 45,126,227 6,106,827 50,647,087

Debt Funded ‐

Fund Balance as of 01/31/2014 151,273,199$ 12,837,929$ 5,423,669$ 515,536$ 667,415$ (59,601)$ 3,090,965$ 28,563,276$ 222,552,388$ (7,042,377)$ 417,822,398$

1 Inculdes Foundation expenses of approx. $1.6M (since inception) supplemental funding approved by the Board.2 Revenue in Unrestricted Fund is shown net of Exemptions/Waivers, namely $5.1M 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 $3,900,823 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 $95,466 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 Balalnces (Across all Funds)as of January 31, 2014

1

FY2013 Actuals Budget

Year‐to‐Date Actuals

Thru January 31,

2014

Actuals as a

% of Budget Unrealized Budget

Year‐to‐Date

Actuals Thru

January 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$ 29,787,470$ 43.0% 39,414,894$ 30,904,179$ (1,116,709)$ ‐3.61% 69,202,364 ‐ 0.00%Ad Valorem Taxes 106,097,476 101,478,107 57,233,085 56.4% 44,245,022 60,406,443 (3,173,358) ‐5.25% 102,727,379 1,249,272 1.23%Tuition, Net 40,063,500 41,453,277 32,625,594 78.7% 8,827,683 33,828,115 (1,202,521) ‐3.55% 38,685,198 (2,768,079) ‐6.68%

Fees1 63,996,717 64,922,582 52,137,934 80.3% 12,784,648 52,830,711 (692,778) ‐1.31% 63,059,171 (1,863,411) ‐2.87%

Other Local Income2 2,184,999 2,543,140 953,766 37.5% 1,589,374 744,586 209,180 28.09% 2,543,140 ‐ 0.00%Tuition & Fee, Net

‐‐ Extended Learning6,400,587 6,565,665 3,999,031 60.9% 2,566,634 3,799,996 199,036 5.24% 6,565,665 ‐ 0.00%

Grant Revenue 517,655 434,410 297,285 68.4% 137,125 220,092 77,192 35.07% 434,410 ‐ 0.00%

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 Revenues 289,274,937$ 308,103,514$ 177,034,165$ 57.5% 131,069,349$ 182,734,122$ (5,699,957)$ ‐3.12% 304,721,296 (3,382,218) ‐1.10%EXPENSES

Salaries 158,833,961 175,559,288 69,770,185 39.7% 105,789,103 67,219,863 2,550,322 3.79% 172,912,305 (2,646,983) ‐1.51%Employee Benefits 18,704,344 18,154,720 7,694,812 42.4% 10,459,908 7,287,713 407,099 5.59% 19,722,603 1,567,883 8.64%Supplies Gen Exp 5,216,679 6,151,469 2,009,012 32.7% 4,142,457 1,900,806 108,205 5.69% 5,929,016 (222,453) ‐3.62%Travel 883,137 1,197,690 356,099 29.7% 841,591 255,974 100,125 39.12% 1,180,961 (16,729) ‐1.40%Marketing Costs 1,350,751 1,657,952 461,990 27.9% 1,195,962 552,205 (90,214) ‐16.34% 1,657,952 ‐ 0.00%Rental & Leases 2,234,487 3,881,993 1,199,402 30.9% 2,682,591 1,135,365 64,038 5.64% 3,881,993 ‐ 0.00%Insurance/Risk Mgmt 6,521,682 7,052,666 6,465,806 91.7% 586,860 6,518,335 (52,528) ‐0.81% 6,750,523 (302,143) ‐4.28%

Contract Services4 21,328,764 26,538,061 8,846,878 33.3% 17,691,183 7,534,508 1,312,369 17.42% 26,538,061 ‐ 0.00%Utilities 8,414,469 11,322,831 2,785,993 24.6% 8,536,838 3,147,974 (361,981) ‐11.50% 10,612,592 (710,239) ‐6.27%

Other Departmental Expenses5 1,799,321 2,154,219 838,688 38.9% 1,315,531 760,955 77,733 10.22% 2,154,219 ‐ 0.00%Instructional & Other Materials 6,263,298 12,137,889 3,900,823 32.1% 8,237,066 2,727,660 1,173,162 43.01% 12,137,889 ‐ 0.00%Maintenance & Repair 1,082,934 1,721,947 595,522 34.6% 1,126,425 174,522 420,999 241.23% 1,721,947 ‐ 0.00%Transfers/Debt 33,095,470 31,538,352 6,214,338 19.7% 25,324,014 6,151,581 62,757 1.02% 31,538,352 ‐ 0.00%Budget Commitments ‐ 421,974 ‐ 0.0% 421,974 ‐ ‐ 0.00% ‐ (421,974) ‐100.00%Capital Outlay 4,451,702 8,612,463 3,495,581 40.6% 5,116,882 3,867,690 (372,109) ‐9.62% 8,612,463 ‐ 0.00%

Total Expenses 270,180,997$ 308,103,514$ 114,635,129$ 37.2% 193,468,385$ 109,235,151$ 5,399,977 4.94% 305,350,875 (2,752,638) ‐0.89%REVENUES H/(L) Vs EXPENSES 19,093,940$ 62,399,036$ 73,498,971$ (629,579)$ (629,579)$

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 January 31, 2014

HCCS CURRENT UNRESTRICTED

2

3101‐3100

Main Leasing

3104 ‐ Minority

Busniess

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$

FY2013 Revenue 2,245,309 2,350 170,291 ‐ ‐ 904,633 1,074,924 ‐ 209,896 3,532,479

Salaries 128,775 273,645 39,433 313,078 128,978 112,406 683,237

Benefits 34,575 71,104 7,805 78,909 30,804 28,404 172,691

Supplies Gen Exp 15,056 38,965 8,077 47,041 5,686 67,783

Travel 3,173 1,419 4,592 4,592

Marketing Costs 23,002 23,002 23,002

Rental & Leases 2,229 18,875 18,875 700 21,804

Contract Services 323,302 143,626 51,519 195,145 518,447

Utilities 155,965 ‐ 1,250 157,215

Departmental Expenses 180,308 1,424 2,203,338 2,385,070 8,916 2,393,985

Instructional & Other

Materials

600 5,390 5,390 95,446 101,436

Maintenance & Repair 1,225 508 508 3940.13 5,674

Insurance/Risk Mgmt 28 28 28

Exemptions and Waivers 2,065 2,065 2,065

Transfer5 4,095,000 ‐ 4,095,000

Capital Outlay 2,582 95,205 95,205 97,787

Total Expense 4,759,308 ‐ 850,504 115,066 ‐ 3,168,909 168,697 247,832 8,344,745

Contribution to Fund Balance (2,513,998) 2,350 (680,214) (115,066) (2,203,338) 904,633 (2,093,985) (168,697) (37,935) (4,812,266)

16,093,267$ 2,350$ (13,877,418)$ (1,573,098)$ (18,374,272)$ 21,733,230$ (12,091,558)$ (1,329,536)$ (1,473,862)$ 1,200,661$

1 Restricted by limitations; must comply with laws, statues and regulations.2 Common Area ‐ Revenue in this category include bookstore commission, facility rental income and child day care revenue.3 Approx. $1.6M (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 six 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

International

Initiatives2

3208

Saudi Consulting

Services3

3209

Qatar

Subtotal

(43,204)$ 203,712$ 1,040,292$ 1,200,800$

FY2013 Revenue 23,333 ‐ 2,909,850 2,933,183

Salaries 2,320,236 2,320,236

Benefits 413,784 413,784

Supplies Gen Exp 25 5,134 5,159

Travel 378 11,806 12,184

Marketing Costs ‐

Rental & Leases ‐

Contract Services 60,000 60,000

Utilities ‐

Departmental

Expenses

9,983 9,983

Instructional &

Other Materials

‐

Maintenance &

Repair

‐

Insurance/Risk ‐

Exemptions and

Waivers

‐

Transfer7 ‐

Capital Outlay ‐

Total Expense 403 ‐ 2,820,943 2,821,345

Contribution to Fund Balance 22,930 ‐ 88,907 111,838

(20,273)$ 203,712$ 1,129,199$ 1,312,638$ 1 Restricted by limitations; must comply with laws, statues 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$

FY2013 Revenue 60,437 906,810 681,112 1,648,358 8,114,020

Salaries 2,400 15,091 73,880 91,371 3,094,843

Benefits 187 16,093 16,280 602,755

Supplies Gen Exp 33,534 230,567 21,952 286,053 358,995

Travel 698 8,961 2,151 11,810 28,586

Marketing Costs ‐ 23,002

Rental & Leases 5,904 5,904 27,708

Contract Services 2,316 42,114 47,008 91,438 669,885

Utilities ‐ 157,215

Departmental

Expenses

5,762 4,484 30,000 40,246 2,444,214

Instructional &

Other Materials

‐ 101,436

Maintenance &

Repair

‐ 5,674

Insurance ‐ Risk

Mgmt

140 511 651 679

Exemptions and

Waivers

6,705 6,705 8,770

Transfer ‐ 4,095,000

Capital Outlay ‐ 97,787

Total Expense 44,710 308,249 197,498 550,457 11,716,547

Contribution to Fund Balance 15,727 598,560 483,614 1,097,901 (3,602,527)

307,442$ 1,439,917$ 1,163,011$ 2,910,370$ 5,423,669$

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 140,978,010$ 32,798,726$ 173,776,736$ Restricted cash & cash equivalents (1,608,637) 430,287,098 428,678,461 Short term Investments ‐ ‐ ‐ Accounts/Other receivable (net) 51,527,077 1,367,234 52,894,311 Deferred charges 273,624 ‐ 273,624 Prepaids 119,622 881,112 1,000,734

Total Current Assets 191,289,695 465,334,170 656,623,866

Non‐current Assets:Deferred charges, net ‐ ‐ ‐ Restricted long‐term investments ‐ 34,705,938 34,705,938 Long‐term investments 8,714,694 ‐ 8,714,694 Capital Assets, net ‐ 824,597,131 824,597,131

Total Non‐current Assets 8,714,694 859,303,068 868,017,762

Total Assets 200,004,389$ 1,324,637,239$ 1,524,641,628$

LIABILITIESCurrent Liabilities:

Accounts payable 23,710,579 501,949 24,212,529

Accrued liabilities 1,794,086 1,359,796 3,153,882 Compensated absences 2,261,499 ‐ 2,261,499 Funds held for others 643,556 189,209 832,766 Deferred revenue 936,520 99,215 1,035,735 Notes payable‐current portion ‐ 7,495,000 7,495,000 Bonds payable‐current portion ‐ 18,535,000 18,535,000 Capital lease obligations‐current ‐ ‐ ‐

Total Current Liabilities 29,346,241 28,180,169 57,526,410

Non‐current Liabilities:Deposits ‐ ‐ ‐ Notes payable ‐ 169,521,887 169,521,887 Bonds payable ‐ 766,497,828 766,497,828 Capital lease obligations ‐ 106,230,726 106,230,726

Total Non‐current Liabilities ‐ 1,042,250,441 1,042,250,441

Total Liabilities 29,346,241$ 1,070,430,610$ 1,099,776,851$

Fund Balance‐

August 31, 2013 Audited 108,357,471 237,031,590 345,389,061

Revenues Over Expenditures Unrestricted 58,217,870 58,217,870 Restricted 4,082,806 4,082,806 Net Investment in Plant 17,175,038 17,175,038

Total Fund Balances, Unaudited 170,658,147$ 254,206,628$ 424,864,776$

Total Liabilities & Fund Balances 200,004,388$ 1,324,637,239$ 1,524,641,628$

1 I ncludes 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 January 31, 2014

6


TM CENTRAL NORTH

WEST

NORTH

EAST

SOUTH

WEST SOUTH EAST COLEMAN

EXTENDED

LEARNING SYSTEM Grand Total

Salaries 24,802,421$ 24,789,112$ 19,058,754$ 26,837,409$ 15,478,115$ 11,244,915$ 11,125,988$ 42,222,574$ 175,559,288$

Employee Benefits ‐ ‐ 1,840 ‐ 18,152,880 18,154,720

Supplies & Gen 289,979 379,284 194,159 283,162 241,889 340,033 218,990 3,981,443 5,928,939

Travel 112,415 111,463 33,731 70,681 57,909 96,842 90,794 623,855 1,197,690

Marketing Costs 51,979 47,585 82,822 29,306 77,434 40,823 378,606 939,537 1,648,092

Rentals & Leases 6,810 150,870 1,013,195 532,244 81,484 467,379 28,880 1,584,678 3,865,540

Insurance/Risk Mgmt 794 168 154 ‐ ‐ 7,051,550 7,052,666

Contracted Services 320,942 310,689 61,377 57,472 128,380 383,245 297,232 23,633,493 25,192,830

Utilities 5,025 4,600 362 11,290,217 11,300,204

Other Departmental Expenses 85,325 45,285 51,151 43,826 107,924 117,880 50,333 1,627,494 2,129,218

Instructional and Other Materials 482,862 305,892 137,374 261,578 85,282 357,095 1,035,350 7,682,685 10,348,118

Maintenance and Repair 138,195 46,884 41,883 90,485 18,672 87,207 176,103 760,316 1,359,745

Transfers/Debt ‐ 845,806 5,637,942 1,200,000 ‐ ‐ ‐ 23,854,604 31,538,352

Budget Commitments/Priority Funding 15,680 29,694 44,640 50,000 49,564 37,671 194,725 421,974

Capital Outlay 489,641 701,759 79,377 279,431 56,629 59,370 153,995 3,813,358 5,633,560

FY2013 Purchase Order Rolls 6,772,578 6,772,578

Grand Total 26,603,095$ 27,331,830$ 26,330,402$ 29,403,025$ 16,235,570$ 13,113,368$ 13,511,177$ 154,185,987$ 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 39,549,216 38,526,110

Waivers & Exemptions:Dual Credit (4,877,897) (4,170,229) (4,166,647)

Other (1,985,247) (1,550,872) (1,733,869)

Total Waivers & Exemptions (6,863,144) (5,721,101) (5,900,516)

Total Tuition Revenue, Net 40,063,501$ 33,828,115$ 32,625,594$

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

Revenues Received:Tuition 8,677,989 4,734,712 4,942,737

Waivers & Exemptions:Corrections (2,277,402) (934,716) (943,706)

Total EL Tuition Revenue, Net 6,400,587$ 3,799,996$ 3,999,031$

FY 2012‐13 FY 2013‐14

Dept of Corrections 2,277,402$ 934,716$ 943,706$ 0.96%

Dual Credit Waiver 4,877,897 4,170,229 4,166,647 ‐0.09%

Other:

Employee Fee Exemptions 70,071 54,730 55,132 0.73%

Firemen 25,475 24,272 17,881 ‐26.33%

Hazelwood 1,266,190 957,575 1,198,866 25.20%

Deaf & Blind 258,017 222,232 165,196 ‐25.67%

High Ranking Hi SCH Grad 2,418 1,798 1,240 ‐31.03%

Child of Disabled Vet ETC 1,686 4,737 ‐ ‐100.00%

Emp of State Coll & Univ 319 319 ‐ 0.00%

Nonres Teach/Research Asst 10,443 10,001 5,487 ‐45.14%

Nonres Competitive Scholar 2,301 1,062 11,169 951.69%

Senior Citizens 15,857 12,904 14,790 14.62%

Misc Tuition/Fees Waivers ‐ ‐ 576 0.00%

Refugee Waiver ‐ (162) 183 ‐212.96%

Foster Children‐Resident 304,145 249,386 243,743 ‐2.26%

Undocumented Students ‐ ‐ 11,450 0.00%

TX Tomorrow Waiver ‐ ‐ 3,708 0.00%

Surviving Spouse/Children ‐ ‐ 2,119 0.00%

Peace Officer Exemption 14,275 12,018 2,329 ‐80.62%

Stipends 14,050 ‐ ‐ 0.00%

Total Other Exemptions 1,985,247 1,550,872 1,733,869 11.80%

Grand Total Exemptions & Waivers 9,140,546$ 6,655,817$ 6,844,222$ 2.83%

8

Exemptions & Waivers

Thur January 31, 2014

Account

End of Year

Activity

Year‐to‐Date

Activity thru

01/31/2013

Year‐to‐Date

Activity thru

01/31/2014

Tuition

Tuition ‐ Extended Learning

Exemptions & Waivers

End of Year

Activity

Year‐to‐Date

Activity thru

01/31/2013

Year‐to‐Date

Activity thru

01/31/2014

Actuals %

Inc/(Dec)YTD

vs. PriorYTD

condensed fs2014 january

Documents