Summary Operating Statements

For the Period

September 1, 2013 ‐ June 30, 2014

For the Meeting of the Board of Trustees ‐ 

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 ‐ June 30, 2014

For the Meeting of the Board of Trustees

Houston Community College System

Managements Discussion and Analysis

Thru June 30, 2014

Revenues

Expenditures 

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 $56,064,066, 1.6% 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 $111,218,514 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 $102,082,814 which is 1.9% 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 $102,031,940 at fiscal year‐end; 4.1% below budget plan. 

Tuition & Fee‐Extended Learning receipts totaled $6,447,381 year to date, 4% 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 $278,299,994 year‐to‐date.  Total revenue received at fiscal year‐end is expected to be $293,011,796; which is 2.2% above budget plan.

Benefits costs totaled $15,272,879 year‐to‐date, 12.2% 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 

$20,622,346.

Total Salaries are $139,394,655 year‐to‐date, 4% 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 $167,974,157.

Contracted services year‐to‐date totaled $18,225,778, 12.4% 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 $26,727,088.

i

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.

Managements Discussion and Analysis

Thru June 30, 2014

Budget Priorities funding allocated for the year are detailed below through June 30, 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

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

125,000           

2,500,000        

Total operating fund expenditures year‐to‐date total $237,103,341.  We are projecting expenditures to be $296,137,384 at fiscal year end.

Budget

2,374,415$       

5,535,476          

1,300,000        

Instructional & Other Materials year‐to date totaled $6,489,610, 32% above last fiscal year.  IT upgrades and 

additional software contributed to the increase.  Expenses in this area are expected to be $9,276,263 at year end.

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         278,299,994       26,058,239          15,093,181                             10          98,085,857                          10                    3,997,681              35,610,754                    5,332,787               509,276           462,987,788 

ExpensesSalaries 139,394,655         5,341,670        5,965,194          ‐                           1,339,709           ‐                        181,044                      ‐                           ‐                               ‐                       152,222,272        

Employee Benefits 15,272,879           11,332,542      1,140,280          ‐                           ‐                       ‐                        39,871                        ‐                           ‐                               ‐                       27,785,572          

Supplies & General Exp 4,025,347              252,824           788,951               ‐                           ‐                       ‐                        35,162                        ‐                           ‐                               ‐                       5,102,284             

Travel 816,135                 169,526           187,481               ‐                           ‐                       ‐                        ‐                               ‐                           ‐                               ‐                       1,173,141             

Marketing Costs 834,455                 26,376              37,404                 ‐                           ‐                       ‐                        1,300                           ‐                           ‐                               ‐                       899,535                 

Rentals & Leases 2,030,881              87,531              51,811                 ‐                           ‐                       ‐                        2,727                           ‐                           ‐                               ‐                       2,172,951             

Insurance/Risk Mgmt 6,450,392              5,500                4,526                   ‐                           ‐                       ‐                        ‐                               ‐                           ‐                               ‐                       6,460,418             

Contracted Services 18,225,778           3,489,369        1,490,992          ‐                           ‐                       ‐                        1,220,173                   228,196                   ‐                               ‐                       24,654,507          

Utilities 6,058,723              ‐                     370,788               ‐                           ‐                       ‐                        ‐                               ‐                           ‐                               ‐                       6,429,511             

Other Departmental Expenses3

1,984,869              65,980              4,055,452          ‐                           ‐                       ‐                        150                              ‐                           ‐                               ‐                       6,106,450             

Instructional and Other Materials4 & 5

6,489,610              228,512           211,552               ‐                           ‐                       ‐                        187,347                      ‐                           ‐                               ‐                       7,117,022             

Maintenance and Repair 1,136,533              486,353           12,077                 ‐                           263,685               ‐                        186,364                      ‐                           ‐                               ‐                       2,085,012             

Transfers In/Out6

28,930,384           ‐                     4,095,000          ‐                           (2,940,387)         ‐                        4,439,193                   (32,254,390)           ‐                               ‐                       2,269,801             

Debt 115,195                 ‐                     6,005                   ‐                           ‐                       ‐                        468,995                      59,338,493             808,359                       4,849,341          65,586,388          

Capital Outlay 5,337,505              762,851           19,222                 ‐                           ‐                       ‐                        71,624,898                 ‐                           ‐                               175,759               77,920,235          

Depreciation ‐                          ‐                     ‐                       ‐                           ‐                       ‐                        ‐                               ‐                           15,950,070                  ‐                       15,950,070          

Scholarship Distribution 99,870,091        99,870,091          

Total Expenses 237,103,341         22,249,033      18,436,734        ‐                           98,533,098        ‐                        78,387,224                 27,312,299             16,758,428                  5,025,100          503,805,260        

Net of Revenue/Expenses 41,196,653           3,809,206        (3,343,554)         10                            (447,241)              10                         (74,389,544)                8,298,454               (11,425,641)                (4,515,825)         (40,817,471)         

Fund Balance Entries (534,916)                (148,343)              78,366,553                 20,273,072                  97,956,366          

Debt Funded ‐                         

Fund Balance as of 06/30/2014 130,114,539$      12,531,740$    5,682,642$        509,942$                110,033$            (59,601)$              7,126,264$                 17,780,674$          233,247,546$            (10,841,645)$     396,202,134$      

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 $6.7M 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 $6,489,610 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 $194,675 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 June 30, 2014

1

FY2013 Actuals FY2014 Budget

Year‐to‐Date Actuals 

Thru June 30, 2014

Actuals  as a 

% of Budget Unrealized Budget

Year‐to‐Date 

Actuals Thru June 

30, 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$         56,064,066$      81.0% 13,138,298$        56,977,395$      (913,329)$        ‐1.60% 69,202,364      ‐                     0.00%Ad Valorem Taxes 106,097,476       101,478,107         111,218,514     109.6% (9,740,407)          104,009,336      7,209,178       6.93% 112,151,493    10,673,386       10.52%Tuition, Net 40,063,500         41,453,277           39,077,775        94.3% 2,375,502            40,115,093        (1,037,319)      ‐2.59% 39,134,179      (2,319,098)       ‐5.59%

Fees1 63,996,717         64,922,582            63,005,040          97.0% 1,917,542              63,976,173        (971,134)         ‐1.52% 62,897,761      (2,024,821)       ‐3.12%

Other Local Income2 2,184,999           2,543,140               1,965,384            77.3% 577,756                 1,768,703          196,680           11.12% 2,433,781        (109,359)           ‐4.30%Tuition & Fee, Net

 ‐‐ Extended Learning6,400,587           6,565,665               6,447,381            98.2% 118,284                 6,197,595          249,785             4.03% 6,565,665          ‐                       0.00%

Grant Revenue 517,655              434,410                 521,836             120.1% (87,426)                412,938             108,898           26.37% 626,553            192,143            44.23%Total Revenues 289,274,937       286,599,545         278,299,994     97.1% 8,299,551            273,457,234      4,842,760       1.77% 293,011,796    6,412,251         2.24%

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$       278,299,994$    90.3% 29,803,520$        273,457,234$    4,842,760$      1.77% 314,515,765$   6,412,251$        2.08%

EXPENSES

Salaries 158,833,961       173,894,376         139,394,655     80.2% 34,499,721         133,918,453      5,476,203       4.09% 167,974,157    (5,920,219)       ‐3.40%Employee Benefits 18,704,344         18,152,880           15,272,879        84.1% 2,880,001            13,608,436        1,664,442       12.23% 20,622,346      2,469,466         13.60%Supplies Gen Exp 5,216,679           6,351,091              4,025,347          63.4% 2,325,744            4,175,860          (150,514)         ‐3.60% 5,790,505        (560,586)           ‐8.83%Travel 883,137              1,264,987              816,135             64.5% 448,852               741,686             74,449             10.04% 1,023,811        (241,176)           ‐19.07%Marketing Costs 1,350,751           1,276,036              834,455             65.4% 441,581               1,072,923          (238,468)         ‐22.23% 1,276,036        0                        0.00%Rental & Leases 2,234,487           2,962,795              2,030,881          68.5% 931,914               1,979,500          51,381             2.60% 2,383,475        (579,320)           ‐19.55%Insurance/Risk Mgmt 6,521,682           7,052,698              6,450,392          91.5% 602,306               6,519,389          (68,997)            ‐1.06% 7,052,698        0                        0.00%

Contract Services4 21,328,764         26,727,087           18,225,778          68.2% 8,501,309            16,212,068        2,013,710       12.42% 26,727,088      0                        0.00%Utilities 8,414,469           11,369,382           6,058,723          53.3% 5,310,659            6,560,053          (501,330)         ‐7.64% 8,914,613        (2,454,769)       ‐21.59%

Other Departmental Expenses5 1,799,321           2,516,580              1,984,869            78.9% 531,711               1,599,002          385,867           24.13% 2,516,580        0                        0.00%Instructional & Other Materials 6,263,298           10,506,140           6,489,610          61.8% 4,016,531            4,913,886          1,575,723       32.07% 9,276,263        (1,229,878)       ‐11.71%Maintenance & Repair 1,082,934           1,885,160              1,136,533          60.3% 748,627               593,636             542,896           91.45% 1,885,160        (0)                       0.00%Transfers/Debt 33,095,470         30,746,311           29,045,580        94.5% 1,700,731            27,792,371        1,253,209       4.51% 30,746,311      ‐                     0.00%Budget Commitments ‐                           1,910,475              ‐                          0.0% 1,910,475            ‐                     ‐                   0.00% ‐                    (1,910,475)       ‐100.00%Capital Outlay 4,451,702           11,487,516           5,337,505          46.5% 6,150,010            2,549,736          2,787,769       109.34% 9,948,343        (1,539,173)       ‐13.40%

     Total Expenses  270,180,997$     308,103,514$       237,103,341$    77.0% 71,000,173$        222,237,000$    14,866,341     6.69% 296,137,384    (11,966,130)     ‐3.88%NET REVENUE Incr/(Decr) Vs EXPENSES 19,093,940$       41,196,653$      51,220,234$      (3,125,588)$      18,378,381$    

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 June 30, 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  4,392,476              17,401                      416,918                    ‐                                    ‐                             1,938,886             2,355,804            (520)                    430,315             7,195,476         

 Salaries  252,820                 550,031                      72,142                           622,173                 256,085               227,256               1,358,334           

 Benefits  66,990                   128,583                      14,291                           142,874                 60,482                  56,824                  327,170              

 Supplies Gen Exp  42,391                   95,608                        9,134                             104,742                 14,178                  161,311              

 Travel  5,231                           5,119                             10,350                   25,712                  36,062                 

 Marketing Costs  29,588                        29,588                   29,588                 

 Rental & Leases  4,011                     34,750                        34,750                   960                       39,721                 

 Contract Services  755,428                 271,528                      63,299                           334,827                 1,234                    1,091,489           

 Utilities  368,736                 ‐                              2,051                    370,788              

 Departmental Expenses  1,500                     325,376                      8,349                             3,593,144              3,926,869              19,556                  3,947,925           

 Instructional & Other 

Materials 

600                         16,278                           16,278                   194,675               211,552              

 Maintenance & Repair  3,854                     508                              508                         7,704                    12,067                 

 Insurance/Risk Mgmt  28                                28                           130                       158                      

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

Transfer/Debt5 4,101,005              ‐                              4,101,005           

 Capital Outlay  2,582                     16,640                        16,640                   19,222                 

 Total Expense  5,599,918             ‐                                 1,459,937                   188,611                         ‐                              5,241,692             361,965               504,883               11,708,458         

Contribution to Fund Balance (1,207,441)        17,401                  (1,043,019)             (188,611)                   (3,593,144)        1,938,886          (2,885,889)        (362,485)          (74,567)             (4,512,982)      

17,399,824$     17,401$                (14,240,223)$         (1,646,643)$             (19,764,078)$    22,767,483$     (12,883,462)$    (1,523,324)$     (1,510,494)$     1,499,945$     

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. $1.6M (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 athletic fields.

HOUSTON COMMUNITY COLLEGE SYSTEMAuxiliary Budget By Fund

as of June 30, 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 June 30, 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  23,333                      ‐                                 5,758,731                    ‐                             5,782,064            

 Salaries  1,200                         4,377,465                      4,378,665             

 Benefits  777,343                         777,343                

 Supplies Gen Exp  357                            8,746                             9,103                    

 Travel  4,661                         17,327                           21,988                  

 Marketing Costs  ‐                             

 Rental & Leases  ‐                             

 Contract Services  158,692                         158,692                

 Utilities  ‐                             

 Departmental 

Expenses 

9,983                             9,983                    

 Instructional & 

Other Materials 

‐                             

 Maintenance & 

Repair 

‐                             

 Insurance/Risk  ‐                             

 Exemptions and 

Waivers 

‐                             

Transfer ‐                             

 Capital Outlay  ‐                             

 Total Expense  6,218                         ‐                                   5,349,556                     ‐                              5,355,774             

Contribution to Fund Balance 17,115                  ‐                               409,174                    ‐                          426,289            

274,748$              155,804$               1,289,491$               (92,954)$            1,627,089$       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 June 30, 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                    1,090,475                   881,044                         2,140,727              15,118,266       

 Salaries  10,200                      54,511                        163,484                         228,195                 5,965,194         

 Benefits  422                              35,346                           35,767                   1,140,280         

 Supplies Gen Exp  77,355                      479,995                      61,186                           618,537                 788,951            

 Travel  877                            96,967                        31,588                           129,431                 187,481            

 Marketing Costs  7,816                             7,816                     37,404               

 Rental & Leases  12,090                           12,090                   51,811               

 Contract Services  6,081                         99,013                        135,716                         240,810                 1,490,992         

 Utilities  ‐                              370,788            

 Departmental 

Expenses 

18,462                      42,062                        37,020                           97,544                   4,055,452         

 Instructional & 

Other Materials 

‐                              211,552            

 Maintenance & 

Repair 

10                                   10                           12,077               

 Insurance ‐ Risk 

Mgmt 

2,639                           1,729                             4,368                     4,526                 

 Exemptions and 

Waivers 

22,709                        312                                 23,021                   25,086               

 Transfer  ‐                              4,101,005         

 Capital Outlay  ‐                              19,222               

 Total Expense  112,975                    798,316                      486,296                         1,397,588             18,461,820       

Contribution to Fund Balance 56,232                  292,159                  394,748                    743,139             (3,343,554)       

347,948$              1,133,516$            1,074,145$               2,555,608$        5,682,642$       

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 127,177,872$  25,475,961$         152,653,832$       Restricted cash & cash equivalents 13,066,521      ‐                             13,066,521           Short term Investments ‐                        ‐                             ‐                             Accounts/Other receivable (net) 20,446,813      1,822,718             22,269,531           Deferred charges 880,818           ‐                             880,818                 Prepaids 74,857              881,112                955,969                 

Total Current Assets 161,646,881    28,179,791          189,826,671         

Non‐current Assets:Restricted cash & cash equivalents ‐                        376,558,878        376,558,878         Restricted long‐term investments ‐                        54,911,411          54,911,411           Long‐term investments 6,743,960        ‐                             6,743,960              Capital Assets, net ‐                        834,769,816        834,769,816         

Total Non‐current Assets 6,743,960        1,266,240,105     1,272,984,065      

Total Assets 168,390,841$  1,294,419,896$    1,462,810,736$    

LIABILITIESCurrent Liabilities:

Accounts payable 3,444,155        49,426                  3,493,581              

Accrued liabilities 3,873,775          1,335,703               5,209,478              Compensated absences 2,261,499        ‐                             2,261,499              Funds held for others 691,570           189,209                880,780                 Deferred revenue 9,230,548        621,743                9,852,292              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 19,501,547      30,266,082          49,767,629           

Non‐current Liabilities:Deposits ‐                        ‐                             ‐                             Notes payable ‐                        161,141,737        161,141,737         Bonds payable ‐                        742,661,866        742,661,866         Capital lease obligations ‐                        102,195,726        102,195,726         

Total Non‐current Liabilities ‐                        1,005,999,330     1,005,999,330      

Total Liabilities 19,501,547$     1,036,265,411$    1,055,766,958$    

 Fund Balance‐ 

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

Revenues Over Expenditures     Unrestricted 37,318,183      37,318,183                Restricted 3,213,641        3,213,641                   Net Investment in Plant 21,122,895          21,122,895           

Total Fund Balances, Unaudited 148,889,294$  258,154,485$       407,043,779$       

 Total Liabilities &  Fund Balances  168,390,841$  1,294,419,896$    1,462,810,736$    

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 June 30, 2014

6

as of June 30, 2014

 TM   CENTRAL  NORTH

WEST 

 NORTH

EAST 

 SOUTH

WEST  SOUTH EAST   COLEMAN 

 EXTENDED 

LEARNING  SYSTEM   Grand Total 

Salaries 23,979,356$     24,763,585$     18,942,545$     26,701,027$     15,343,580$     11,286,510$     10,515,908$     42,361,865$         173,894,376$      

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

Supplies & Gen 374,603             462,604             228,762             380,350             267,078             340,377             186,353             4,110,963             6,351,091            

Travel 123,449             152,763             27,912               74,280               49,668               141,880             62,658               632,377                 1,264,987            

Marketing Costs 33,339               41,915               58,159               35,632               92,036               43,323               173,220             798,412                 1,276,036            

Rentals & Leases 7,477                  142,001             966,964             522,849             81,052               469,051             24,165               749,236                 2,962,795            

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

Contracted Services 327,059             302,121             85,134               57,662               122,439             306,425             20,792               25,505,455           26,727,087          

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

Other Departmental Expenses 73,909               59,567               37,877               39,567               51,617               112,026             29,156               2,112,861             2,516,580            

Instructional and Other Materials 483,662             242,247             155,067             240,333             165,004             390,707             486,105             8,343,016             10,506,140          

Maintenance and Repair 187,440             46,787               36,262               53,835               47,248               84,643               116,953             1,311,992             1,885,160            

Transfers/Debt ‐                      860,561             5,637,942          1,200,000          ‐                      ‐                      ‐                      23,047,808           30,746,311          

Budget Commitments/Priority Funding 2,000                  7,035                  31,850               12,092               24,092               5,513                  ‐                      1,827,893             1,910,475            

Capital Outlay 488,437             835,496             66,962               307,544             128,770             522,090             158,061             8,980,155             11,487,516          

Grand Total 26,086,662$  27,917,157$  26,280,086$  29,627,400$  16,372,584$  13,702,545$  11,773,371$  156,343,709$   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          46,899,669          46,079,985          

Waivers & Exemptions:Dual Credit (4,877,897)           (4,816,909)           (4,914,339)           

Other (1,985,247)           (1,967,666)           (2,087,871)           

Total Waivers & Exemptions (6,863,144)           (6,784,575)           (7,002,210)           

Total Tuition Revenue, Net 40,063,501$        40,115,094$        39,077,775$         

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

Revenues Received:Tuition 8,677,989            8,208,822            8,228,467             

Waivers & Exemptions:Corrections (2,277,402)           (2,011,227)           (1,781,086)           

Total EL Tuition Revenue, Net 6,400,587$           6,197,595$           6,447,381$           

FY 2012‐13 FY 2013‐14

Dept of Corrections 2,277,402$           2,011,227$           1,781,086$            ‐11.44%

Dual Credit Waiver 4,877,897            4,816,909            4,914,339              2.02%

Other:

Employee Fee Exemptions 70,071                  69,434                  68,509                   ‐1.33%

Firemen 25,475                  25,475                  26,348                   3.43%

Hazelwood 1,266,190            1,261,808            1,409,558              11.71%

Deaf & Blind 258,017                256,434                207,482                 ‐19.09%

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                  15,044                  15,638                   3.95%

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                307,381                301,619                 ‐1.87%

Undocumented Students ‐                        ‐                        11,383                   0.00%

TX Tomorrow Waiver ‐                        ‐                        2,558                      0.00%

Surviving Spouse/Children ‐                        ‐                        2,120                      0.00%

Peace Officer Exemption 14,275                  14,275                  3,655                      ‐74.40%

Stipends 14,050                  848                        3,000                      0.00%

Total Other Exemptions 1,985,247            1,967,666            2,087,871              6.11%

Grand Total Exemptions & Waivers 9,140,546$           8,795,802$           8,783,296$            ‐0.14%

 Year‐to‐Date 

Activity thru 

06/30/2014 

 Actuals % 

Inc/(Dec)YTD 

vs. PriorYTD 

8

Exemptions & Waivers

Thur June 30, 2014

Account

 End of Year 

Activity 

Year‐to‐Date 

Activity thru 

06/30/2013

 Year‐to‐Date 

Activity thru 

06/30/2014 

Tuition

Tuition ‐ Extended Learning

Exemptions & Waivers

 End of Year 

Activity 

Year‐to‐Date 

Activity thru 

06/30/2013