Lincoln Land Community College District TENTATIVE BUDGET

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1 Lincoln Land Community College District TENTATIVE BUDGET

2 Tentative Budget FY 2017 Table of Contents Section A Introduction Memorandum from Dr. Warren... 1 FY 2017 Budget Development Process... 2 Section B FY 2016 Update and FY 2017 Operating Projection Operating Funds Comparison of Budget with EndofYear Projections... 3 Summary of FY 2017 Estimated Operating Budget... 4 Section C FY 2017 Estimated Revenue Review FY 2017 Projected Tax Levy Analysis... 5 FY 2017 Estimated Tax Levy Distribution... 6 Equalized Assessed Valuation... 7 FY 2017 Operating Revenue Projection Revenue Summary... 8 Section D FY 2017 Estimated Expenditures Review FY 2017 Operating Expenditures Projection Expenditure Summary... 9 Section E FY 2017 Capital Budget Introduction Capital Projects Budget Summary Section F Student Activity Fee Budget Student Activity Fee Budget Section G FY 2017 Tentative Budget FY 2017 Tentative Budget in Legal Format Summary All Funds Expenditures & Revenues All Funds By Object Education Fund and Operations & Maintenance Fund Revenues Education Fund and Operations & Maintenance Fund Expenditures Education Fund Expenditures Operations & Maintenance Fund Expenditures Operations & Maintenance (Restricted) Fund Revenue & Expenditures Bond & Interest Fund Revenue & Expenditures Auxiliary Enterprise Fund Revenue Auxiliary Enterprise Fund Expenditures Restricted Purposes Fund Revenue & Expenditures Working Cash Fund Revenue & Expenditures Trust & Agency Fund Revenue & Expenditures Audit Fund Revenue & Expenditures Liability, Protection & Settlement Fund Revenue & Expenditures Employee Benefit Fund Revenue & Expenditures Student Financial Aid Fund Revenue & Expenditures... 32

3 Section A Introduction

4 Tentative Budget FY 2017 MEMORANDUM TO: FROM: Members, LLCC Board of Trustees Charlotte Warren President SUBJECT: FY 2017 Budget DATE: July 27, 2016 The documents contained herein represent our best estimate of the FY 2017 budget as of today. As required by law, the operating funds (Education and Operations and Maintenance Funds) budget must be available for public review at least 30 days prior to its adoption by the Board of Trustees. Therefore, no action is requested on the budget other than to authorize placing the tentative budget on file. As a result of the Fiscal Year 2016 and 2017 Stopgap Budget and more recent enrollment reports, the following changes have been made since the Budget Workshop: Increased the Base Operating Grant by $527,347 Decreased Equalization by $50,000 Assumed an 9% decrease in enrollment that resulted in a decrease in tuition and fee revenue of $350,642 Decreased Infrastructure Fee Transfer Out and Student Activity Fee Transfer Out as a result of the aforementioned totaling $13,750 Decreased the Working Cash Transfer In by $140,455 It is possible that additional adjustments may be necessary before the Final FY 17 Budget is adopted in September. We anticipate presenting a final budget for your approval at the September meeting of the Board. 1

5 Tentative Budget FY 2017 Budget Development Process This year s budget process has been an inclusive one, which included all units of the college. Units and departments within each division were invited to participate in developing strategies that are tied to the institutional goals of the college. Those strategies for which additional funding was requested, moved to the FY 2017 Budget Process for consideration. Budget information was distributed to each division for feedback to cabinet, which met on several occasions to develop the recommended initiatives. A budget workshop was held for the Board of Trustees on June 22. A budget workshop was also held on July 12, for all budget managers and supervisors, at which time information on the FY2017 Tentative Budget was shared with the college community. While the information contained within this document represents our best estimates at this point, additional adjustments are possible before final adoption of the budget. 2

6 Section B FY 2016 Update FY 2017 Projection

7 Tentative Budget FY 2017 Lincoln Land Community College Operating Funds (Educational and Oper. & Maint. Funds Combined) Comparison of Budget FY 2016 to Estimated Actual FY 2016 Estimated on May 31, 2016 ACCOUNT TYPE ACCOUNT FY16 ADJUSTED BUDGET FY16 END OF YEAR PROJECTION VARIANCE FY16 ADJUSTED BUDGET TO FY16 EOY PROJECTION REVENUE Current Taxes $ 20,285,973 $ 20,307,958 $ 21,985 CPP Replacement Tax $ 1,169,290 $ 1,076,476 $ (92,814) Credit Hour Grants $ 3,427,577 $ 996,863 $ (2,430,714) Equalization $ 50,000 $ 50,000 $ CTE Funding $ 267,108 $ $ (267,108) Federal Admin Fees $ 22,000 $ 22,000 $ Tuition & Fees $ 16,735,624 $ 17,051,009 $ 315,385 Interest on Investments $ 115,600 $ 147,197 $ 31,597 Miscellaneous and Indirect $ 433,900 $ 239,646 $ (194,254) Transfer from Other Funds $ 517,447 $ 75,785 $ (441,662) REVENUE Total $ 43,024,519 $ 39,966,934 $ (3,057,585) EXPENSE Salaries $ 28,952,296 $ 28,027,846 $ (924,450) Employee Benefits $ 3,987,436 $ 3,666,386 $ (321,050) Contractual Services $ 1,448,135 $ 1,218,344 $ (229,791) Materials & Supplies $ 2,133,801 $ 1,697,935 $ (435,866) Conference & Meeting $ 593,827 $ 391,839 $ (201,988) Fixed Charges $ 618,667 $ 403,704 $ (214,963) Utilities $ 1,768,950 $ 1,504,199 $ (264,751) Capital Outlay $ 643,399 $ 260,142 $ (383,257) Other Expenditures $ 2,118,665 $ 1,823,648 $ (295,017) Transfers to Other Funds $ 759,343 $ 953,597 $ 194,254 EXPENSE Total $ 43,024,519 $ 39,947,640 $ (3,076,879) FY16 END OF YEAR PROJECTION REVENUE $ 39,966,934 EXPENSE $ 39,947,640 Return to Fund Balance $ 19,294 3

8 Tentative Budget FY 2017 Lincoln Land Community College Operating Funds (Educational and Oper. & Maint. Funds Combined) Estimated FY 2017 Budget July 1, 2016 June 30, 2017 ACCOUNT TYPE ACCOUNT FY16 ADJUSTED BUDGET FY17 TENTATIVE BUDGET REVENUE Current Taxes $ 20,285,973 $ 20,415,788 CPP Replacement Tax $ 1,169,290 $ 1,103,946 Credit Hour Grants $ 3,427,577 $ 1,524,210 Equalization $ 50,000 $ CTE Funding $ 267,108 $ Federal Admin Fees $ 22,000 $ 22,000 Tuition & Fees $ 16,735,624 $ 16,379,888 Interest on Investments $ 115,600 $ 140,600 Miscellaneous and Indirect $ 433,900 $ 440,900 Transfer from Other Funds $ 517,447 $ 1,708,052 REVENUE Total $ 43,024,519 $ 41,735,384 EXPENSE Salaries $ 28,952,296 $ 28,557,971 Employee Benefits $ 3,987,436 $ 4,067,002 Contractual Services $ 1,448,135 $ 1,171,595 Materials & Supplies $ 2,133,801 $ 1,895,369 Conference & Meeting $ 593,827 $ 511,297 Fixed Charges $ 618,667 $ 538,086 Utilities $ 1,768,950 $ 1,651,392 Capital Outlay $ 643,399 $ 554,701 Other Expenditures $ 2,118,665 $ 2,063,274 Transfers to Other Funds $ 759,343 $ 724,697 EXPENSE Total $ 43,024,519 $ 41,735,384 4

9 Section C Estimated Revenue Review

10 Tentative Budget FY 2017 Lincoln Land Community College FY 2017 Projected Tax Levy Analysis CY 2014 Confirmed CY 2015 Estimated CY 2016 Estimated Estimated Change in EAV EAV EAV EAV from CY 15 to CY 16 $5,937,266,346 $6,004,643,451 $6,004,643,451 $0* CY 2014 Confirmed Rate CY 2015 Estimated Rate CY 2016 Estimated Rate 2016 Estimated Change in Rates Fund Education Fund Operation & Maintenance Fund Protection, Health, & Safety Fund Bond & Interest Fund Audit Fund Liability Protection & Settlement Fund Grand Total Fund CY 2014 Confirmed Extension CY 2015 Estimated Extension CY 2016 Estimated Extension 2016 Estimated Change in Extension Education Fund $16,027,285 $16,212,537 $16,212,537 $0 Operation & Maintenance Fund $4,156,086 $4,203,250 $4,203,250 $0 Protection, Health, & Safety Fund $1,290,728 $1,381,068 $1,381,068 $0 Bond & Interest Fund $2,578,604 $3,879,000 $3,878,900 ($100) Audit Fund $66,031 $72,056 $72,056 $0 Liability Protection & Settlement Fund $3,980,805 $4,401,404 $4,401,404 $0 28,099,539 $30,149,315 $30,149,215 ($100) The above table is provided to show the estimated change in tax revenues from calendar year 2015 to calendar year Accounting standards require the FY 2017 Tentative Budget to include 50% of the estimated CY2015 and 50% of the estimated CY2016 tax revenues. *Based on proposed legislative action 5

11 Tentative Budget FY 2017 FY 2017 Estimated Tax Levy Distribution 6

12 Tentative Budget FY 2017 History of EAV Growth CY 2010 CY 2011 CY 2012 CY 2013 CY 2014 Estimated CY 2015 Estimated CY % 1.58% 2.49% 1.98% 1.72% 1.13% 0.00%* $5,497,253,782 $5,584,117,985 $5,723,230,040 $5,836,728,870 $5,937,266,346 $6,004,643,451 $6,004,643,451 *Based on proposed legislative action 7

13 Tentative Budget FY 2017 FY 2017 Estimated Revenue ACCOUNT TYPE ACCOUNT FY17 TENTATIVE BUDGET FY17 VARIANCE FROM FY16 ADJUSTED BUDGET REVENUE Current Taxes $20,415,788 $129,815 CPP Replacement Tax $1,103,946 ($65,344) Credit Hour Grants $1,524,210 ($1,903,367) Equalization $0 ($50,000) CTE Funding $0 ($267,108) Federal Admin Fees $22,000 $0 Tuition & Fees $16,379,888 ($355,736) Interest on Investments $140,600 $25,000 Miscellaneous and Indirect $440,900 $7,000 Transfer from Other Funds $1,708,052 $1,190,605 REVENUE Total $41,735,384 ($1,289,135) Assumptions: District EAV is estimated to remain flat from CY15 to CY16 in anticipation of proposed legislative action State funding is budgeted at the current ICCB District Budget Allocation resulting from the FY2016 and 2017 Stopgap Budget Miscellaneous and indirect cost revenues, CPPRT, CTE funding, and interest revenue are budgeted at FY16 estimated receipts Tuition is at the board approved rate of $115.00; Fees have been held constant FY17 enrollment is projected at an 9% decrease from FY16 credit hours Transfers from other funds include a working cash transfer and a transfer from the Operating Sustainability Fund The graph below indicates the estimated percentage of revenue by source. 8

14 Section D Estimated Expenditures Review

15 Tentative Budget FY 2017 FY 2017 Estimated Expenditures ACCOUNT TYPE ACCOUNT FY17 TENTATIVE BUDGET FY17 VARIANCE FROM FY16 ADJUSTED BUDGET EXPENSE Salaries $28,557,971 ($394,325) Employee Benefits $4,067,002 $79,566 Contractual Services $1,171,595 ($276,540) Materials & Supplies $1,895,369 ($238,432) Conference & Meeting $511,297 ($82,530) Fixed Charges $538,086 ($80,581) Utilities $1,651,392 ($117,558) Capital Outlay $554,701 ($88,698) Other Expenditures $2,063,274 ($55,391) Transfers $724,697 ($34,646) EXPENSE Total $41,735,384 ($1,289,135) Assumptions: Salary projection includes current board approved increases and adjustments to reflect past expenditures Benefits are estimated at current approved rates for FY17 and includes a 1% SURS contribution Contractual Services, Materials & Supplies, Travel, Fixed Charges, and Capital Outlay and Other Expenditures have been evaluated and reduced to reflect past expenditures Utilities have been reduced to reflect FY16 estimated costs Transfers to other funds have been adjusted to match revenue projections for infrastructure fee and student activity fee FY17 Planning Initiatives targeted for funding are included The graph below provides percentages of the estimated operating expenditures by object. 9

16 Section E Capital Budget

17 Tentative Budget FY 2017 Capital Budget Introduction Budgeted capital project expenditures for FY 2017 are currently estimated at $1,958,563. Implicit in the presentation of this budget is the administration s commitment to manage the educational and financial affairs of the College within the guidelines set forth by the budget. However, plans may be refined and revised, as new data becomes available. It is recognized that adjustments to the FY 2017 tentative budget may be necessary. All projects are accounted for in separate accounts within the Operations and Maintenance Fund (Restricted) or the Operations and Maintenance Fund. Included among this year s capital budgets are current campus renovation projects, Protection Health & Safety projects in progress for FY 2015, Protection Health & Safety projects in progress for FY 2016, an estimated amount for FY 2017 Protection Health & Safety projects, and Infrastructure Projects. The following capital project budgets should provide the Board, employees, students, and community with an informative future outlook of projects that are anticipated throughout the district during fiscal year

18 Tentative Budget FY 2017 Capital Budget Capital Projects Budget Summary Sum of Sum of Local Sum of Estimated Expenditures Sum of FY17 Est Project Type Project Name Funding Total Project To Date Expenditures Various OnSite Construction & Remodeling Projects OnSite Projects $ 44,700 $44,700 $0 $ 44,700 Various OnSite Construction & Remodeling Projects Total $ 44,700 $44,700 $0 $ 44, Protection AHU Motor Replacement $ 298,613 $298,613 $171,027 $ 127,586 Health & Safety Projects (CY 2014 Levy) Arc Flash Study $ 27,588 $27,588 $26,234 $ 1,354 CDC Septic System Replacement $ 89,620 $89,620 $13,243 $ 76, Protection Health & Safety Projects (CY 2014 Levy) Total $ 415,821 $415,821 $210,504 $ 205, Protection Chiller Replacement at Sangamon Hall $ 809,500 $809,500 $79,813 $ 729,687 Health & Safety Projects (CY 2015 Levy) HVAC Replacement Litchfield Resource Center $ 380,250 $380,250 $40,045 $ 340,205 Upgrade Cooling & UPS system in IT Data Room $ 151,086 $151,086 $0 $ 151, Protection Health & Safety Projects (CY 2015 Levy) Total $ 1,340,836 $1,340,836 $119,858 $ 1,220, Protection Health & Safety Projects (CY 2016 Levy) Planning & Design of FY17 PHS Projects $ 200,000 $200,000 $0 $ 200, Protection Health & Safety Projects (CY 2016 Levy) Total $ 200,000 $200,000 $0 $ 200,000 Infrastructure Projects Main Campus Parking Lot Resurface/Restriping $ 293,798 $293,798 $6,230 $ 287,568 Infrastructure Projects Total $ 293,798 $293,798 $6,230 $ 287,568 2,295,155 $2,295,155 $336,592 $ 1,958,563 11

19 Section F Student Activity Fee Budget

20 Tentative Budget FY 2017 Student Activity Fee Budget The following departments and student organizations have been allocated the listed amounts to provide cocurricular programs, services and opportunities for students: Logger Activities Board $43,345 Funding supports our studentdriven activities program. It includes funding for the support of the student board and funding of student activities for the entire academic year. Student Life Office $50,000 Funding supports the Red & Blue Crew program to enhance student engagement, student club training and support, leadership development opportunities, student recognition programs, service and civic engagement programs and other student programs and incentives. Multicultural Programs $20,000 Funding supports student activities and programs that provide opportunities to develop cultural competency. Educational Service Area Student Activities $15,504 Funding supports student activities at educational service areas. Logger Lair (Game Room) $4,229 Funding supports Logger Lair operations including student employment, equipment replacement, and game inventory and licensing. Student Government Association $4,803 Funding supports student involvement in the Illinois Community College Board Student Advisory Committee meetings and Leadership Institute, SGA leadership development opportunities, and support for student programs and activities. The following student clubs were allocated the listed amounts to support operating expenses for club activities and travel that enhance cocurricular opportunities: Phi Theta Kappa $5,280 Animal Evaluation Club $2,636 Jazz Club $3,920 Aviation Club $906 Honors Program Student Club $712 Radiographers Program Club $5,258 Jacksonville Student Club $3,679 Epicurean Club $1,100 12

21 Tentative Budget FY 2017 Hablamos $1,535 Agriculture Club $712 Madrigals Plus $2,400 The Lamp $9,000 Veteran s Club $2,295 Student United Way $2,186 Total of FY2017 SAF Budget $179,500 13

22 Section G FY 2017 Budget Legal Format

23 Tentative Budget FY 2017 Lincoln Land Community College FY 2017 Tentative Budget July 27, 2016 In accordance with Section of the Public Community Act, this document reflects Lincoln Land Community College's tentative budget for the period beginning July 1, 2016 and ending June 30, Pursuant to statute it has been available for public inspection since July 27th, This portion of the document contains Lincoln Land Community College s entire tentative budget in the legally required format. 14

24 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 SCHEDULE OF BUDGETED REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES YEAR END JUNE 30, 2017 Operations & Maintenance Operations, Building Maintenance Bond & Auxiliary Enterprise Restricted Purposes Working Trust and Liability, Protection & Employee Student Financial Aid TOTAL REVENUES BY SOURCE Education Fund Fund Restricted Fund Interest Fund Fund Fund Cash Fund Agency Fund Audit Fund Settlement Fund Benefit Fund Fund REVENUES LOCAL GOVERNMENTAL SOURCES $ (16,869,297) $ (4,650,437) $ (1,381,068) $ (3,878,950) $ $ $ $ $ (72,056) $ (4,401,404) $ $ $ (31,253,212) STATE GOVERNMENTAL SOURCES $ (1,524,210) $ $ $ $ $ (62,000) $ $ $ $ $ $ $ (1,586,210) FEDERAL GOVERNMENTAL SOURCES $ (22,000) $ $ $ $ $ (1,960,611) $ $ $ $ $ $ (13,812,780) $ (15,795,391) STUDENT TUITION & FEES $ (15,995,399) $ (384,489) $ $ $ (20,723) $ $ $ (46,422) $ $ $ $ $ (16,447,033) FACILITIES REVENUE $ $ (30,000) $ $ $ (268,104) $ $ $ $ $ $ $ $ (298,104) SALES & SERVICE FEES $ $ $ $ $ (6,903,300) $ $ $ $ $ $ (4,284,046) $ $ (11,187,346) INVESTMENT REVENUE $ (140,000) $ (600) $ $ $ $ $ (107,610) $ $ $ $ (5,000) $ $ (253,210) OTHER REVENUE $ (404,700) $ (6,200) $ $ $ (20,200) $ (54,744) $ $ $ $ $ $ $ (485,844) TOTAL REVENUES $ (34,955,606) $ (5,071,726) $ (1,381,068) $ (3,878,950) $ (7,212,327) $ (2,077,355) $ (107,610) $ (46,422) $ (72,056) $ (4,401,404) $ (4,289,046) $ (13,812,780) $ (77,306,350) EXPENDITURES BY PROGRAM INSTRUCTION $ 18,679,688 $ $ $ $ $ 278,315 $ $ $ $ $ $ $ 18,958,003 ACADEMIC SERVICES $ 4,253,728 $ $ $ $ $ 304,556 $ $ $ $ $ $ $ 4,558,284 STUDENT SERVICES $ 2,548,295 $ $ $ $ $ 331,511 $ $ $ $ $ $ 13,812,780 $ 16,692,586 PUBLIC SERVICES $ 256,294 $ $ $ $ 3,040,037 $ 1,162,973 $ $ $ $ $ $ $ 4,459,304 INDEPENDENT OPERATIONS $ 654,313 $ $ $ $ 4,142,339 $ $ $ 46,422 $ $ $ $ $ 4,843,074 OPERATION & MAINTENANCE $ $ 4,687,237 $ 2,096,148 $ 3,873,650 $ $ $ $ $ $ $ $ $ 10,657,035 INSTITUTIONAL SUPPORT $ 9,876,132 $ $ $ $ $ $ $ $ 65,200 $ 4,401,404 $ 4,289,046 $ $ 18,631,782 TUITION CHARGEBACKS $ 55,000 $ $ $ $ $ $ $ $ $ $ $ $ 55,000 TOTAL EXPENDITURES $ 36,323,450 $ 4,687,237 $ 2,096,148 $ 3,873,650 $ 7,182,376 $ 2,077,355 $ $ 46,422 $ 65,200 $ 4,401,404 $ 4,289,046 $ 13,812,780 $ 78,855,068 Revenues (over) under Expenditures $ 1,367,844 $ (384,489) $ 715,080 $ (5,300) $ (29,951) $ $ (107,610) $ $ (6,856) $ $ $ $ 1,548,718 Transfer In $ (1,708,052) $ $ (384,489) $ $ (300,000) $ (40,208) $ $ $ $ $ $ $ (2,432,749) Transfer Out $ 340,208 $ 384,489 $ $ $ $ 445,280 $ 1,262,772 $ $ $ $ $ $ 2,432,749 Revenues/Transfers In (over) under Expenditures / Transfers Out $ $ $ 330,591 $ (5,300) $ (329,951) $ 405,072 $ 1,155,162 $ $ (6,856) $ $ $ $ 1,548,718 ESTIMATED FUND BALANCES: July 1, 2016 $ 1,631,662 $ 817,842 $ 5,486,017 $ 1,366,951 $ 5,947,970 $ 6,676,265 $ 14,387,453 $ $ 90,739 $ 4,260,698 $ 1,798,880 $ $ 42,464,477 June 30, 2017 $ 1,631,662 $ 817,842 $ 5,155,426 $ 1,372,251 $ 6,277,921 $ 6,271,193 $ 13,232,291 $ $ 97,595 $ 4,260,698 $ 1,798,880 $ $ 40,915,759 15

25 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 BUDGETED EXPENDITURES AND REVENUES For Year Ended June 30, 2017 Operations, Subtype Description Education Fund Operations & Maintenance Fund Building Maintenance Restricted Fund Bond & Interest Fund Auxiliary Enterprise Fund Restricted Purposes Fund Working Cash Fund Trust and Agency Fund Audit Fund Liability, Protection & Settlement Fund Employee Benefit Fund Student Financial Aid Fund TOTAL LOCAL GOVERNMENTAL SOURCES $ (16,869,297) $ (4,650,437) $ (1,381,068) $ (3,878,950) $ $ $ $ $ (72,056) $ (4,401,404) $ $ $ (31,253,212) STATE GOVERNMENTAL SOURCES $ (1,524,210) $ $ $ $ $ (62,000) $ $ $ $ $ $ $ (1,586,210) FEDERAL GOVERNMENTAL SOURCES $ (22,000) $ $ $ $ $ (1,960,611) $ $ $ $ $ $ (13,812,780) $ (15,795,391) STUDENT TUITION & FEES $ (15,995,399) $ (384,489) $ $ $ (20,723) $ $ $ (46,422) $ $ $ $ $ (16,447,033) SALES & SERVICE FEES $ $ $ $ $ (6,903,300) $ $ $ $ $ $ (4,284,046) $ $ (11,187,346) FACILITIES REVENUE $ $ (30,000) $ $ $ (268,104) $ $ $ $ $ $ $ $ (298,104) INVESTMENT REVENUE $ (140,000) $ (600) $ $ $ $ $ (107,610) $ $ $ $ (5,000) $ $ (253,210) OTHER REVENUE $ (404,700) $ (6,200) $ $ $ (20,200) $ (54,744) $ $ $ $ $ $ $ (485,844) TRANSFERS FROM OTHER FUNDS $ (1,708,052) $ $ (384,489) $ $ (300,000) $ (40,208) $ $ $ $ $ $ $ (2,432,749) TOTAL $ (36,663,658) $ (5,071,726) $ (1,765,557) $ (3,878,950) $ (7,512,327) $ (2,117,563) $ (107,610) $ (46,422) $ (72,056) $ (4,401,404) $ (4,289,046) $ (13,812,780) $ (79,739,099) EXPENDITURES BY OBJECT SALARIES $ 26,820,755 $ 1,737,216 $ $ $ 1,662,638 $ 997,441 $ $ $ $ 1,618,411 $ $ 104,350 $ 32,940,811 EMPLOYEE BENEFITS $ 3,645,878 $ 421,124 $ $ $ 289,170 $ 230,674 $ $ $ $ 1,063,475 $ 4,081,916 $ $ 9,732,237 CONTRACTUAL SERVICES $ 1,007,158 $ 164,437 $ 123,452 $ $ 1,163,664 $ 118,815 $ $ $ 65,200 $ 411,110 $ 163,130 $ $ 3,216,966 MATERIALS & SUPPLIES $ 1,630,666 $ 264,703 $ $ $ 2,925,063 $ 292,537 $ $ $ $ 121,837 $ 15,000 $ $ 5,249,806 TRAVEL & CONFERENCE/MEETINGS $ 509,147 $ 2,150 $ $ $ 162,803 $ 52,174 $ $ $ $ 11,100 $ $ $ 737,374 FIXED CHARGES $ 149,051 $ 389,035 $ 182,285 $ 3,873,650 $ 479,926 $ 11,750 $ $ $ $ 217,967 $ $ $ 5,303,664 UTILITIES $ $ 1,651,392 $ $ $ 1,500 $ 2,750 $ $ $ $ 10,000 $ $ $ 1,665,642 CAPITAL OUTLAY $ 499,591 $ 55,110 $ 1,790,411 $ $ 24,140 $ 106,500 $ $ $ $ 281,094 $ $ $ 2,756,846 OTHER EXPENDITURES $ 2,061,204 $ 2,070 $ $ $ 473,472 $ 264,714 $ $ 46,422 $ $ 666,410 $ 29,000 $ 13,708,430 $ 17,251,722 TRANSFERS TO OTHER FUNDS $ 340,208 $ 384,489 $ $ $ $ 445,280 $ 1,262,772 $ $ $ $ $ $ 2,432,749 TOTAL $ 36,663,658 $ 5,071,726 $ 2,096,148 $ 3,873,650 $ 7,182,376 $ 2,522,635 $ 1,262,772 $ 46,422 $ 65,200 $ 4,401,404 $ 4,289,046 $ 13,812,780 $ 81,287,817 16

26 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 TOTAL OPERATING FUNDS ESTIMATED REVENUES BY SOURCE Year Ended June 30, 2017 REVENUES EDUCATION FUND OPERATIONS AND MAINTENANCE FUND TOTAL OPERATING FUNDS LOCAL GOVERNMENTAL SOURCES CORP PERSONAL PROP REPL TAX $ (656,759) $ (447,187) $ (1,103,946) 50% CY2015 LOCAL TAXES $ (8,106,269) $ (2,101,625) $ (10,207,894) 50% CY2016 LOCAL TAXES $ (8,106,269) $ (2,101,625) $ (10,207,894) LOCAL GOVERNMENTAL SOURCES Total $ (16,869,297) $ (4,650,437) $ (21,519,734) STATE GOVERNMENTAL SOURCES ICCB GRANTS $ (1,524,210) $ $ (1,524,210) ISBE $ $ $ STATE GOVERNMENTAL SOURCES Total $ (1,524,210) $ $ (1,524,210) FEDERAL GOVERNMENTAL SOURCES DEPARTMENT OF EDUCATION $ (20,000) $ $ (20,000) OTHER FEDERAL GOV'T SOURCES $ (2,000) $ $ (2,000) FEDERAL GOVERNMENTAL SOURCES Total $ (22,000) $ $ (22,000) STUDENT TUITION & FEES STUDENT FEES $ (1,015,368) $ (384,489) $ (1,399,857) TUITION REVENUE $ (14,980,031) $ $ (14,980,031) STUDENT TUITION & FEES Total $ (15,995,399) $ (384,489) $ (16,379,888) FACILITIES REVENUE FACILITIES REVENUE $ $ (30,000) $ (30,000) FACILITIES REVENUE Total $ $ (30,000) $ (30,000) INVESTMENT REVENUE INTEREST REVENUE $ (140,000) $ (600) $ (140,600) INVESTMENT REVENUE Total $ (140,000) $ (600) $ (140,600) OTHER REVENUE MISC STUDENT PAYMENTS $ $ $ OTHER REVENUE $ (404,700) $ (6,200) $ (410,900) OTHER REVENUE Total $ (404,700) $ (6,200) $ (410,900) Total Budgeted Revenue $ (34,955,606) $ (5,071,726) $ (40,027,332) Transfer In $ (1,708,052) $ $ (1,708,052) (36,663,658) $ (5,071,726) $ (41,735,384) Intercollege revenues that do not generate related local college credit hours are subtracted to allow for statewide comparisons. 17

27 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 TOTAL OPERATING FUNDS ESTIMATED EXPENDITURES Year Ended June 30, 2017 EXPENDITURES BY PROGRAM EDUCATION FUND OPERATIONS AND MAINTENACE FUND TOTAL OPERATING FUNDS INSTRUCTION $ 18,679,688 $ $ 18,679,688 ACADEMIC SERVICES $ 4,253,728 $ $ 4,253,728 STUDENT SERVICES $ 2,548,295 $ $ 2,548,295 PUBLIC SERVICES $ 256,294 $ $ 256,294 INDEPENDENT OPERATIONS $ 654,313 $ $ 654,313 OPERATION & MAINTENANCE $ $ 4,687,237 $ 4,687,237 INSTITUTIONAL SUPPORT $ 9,876,132 $ $ 9,876,132 TUITION CHARGEBACKS $ 55,000 $ $ 55,000 Transfer Out $ 340,208 $ 384,489 $ 724,697 TOTAL EXPENDITURES $ 36,663,658 $ 5,071,726 $ 41,735,384 EXPENDITURES BY OBJECT EDUCATION FUND OPERATIONS AND MAINTENACE FUND TOTAL OPERATING FUNDS SALARIES $ 26,820,755 $ 1,737,216 $ 28,557,971 EMPLOYEE BENEFITS $ 3,645,878 $ 421,124 $ 4,067,002 CONTRACTUAL SERVICES $ 1,007,158 $ 164,437 $ 1,171,595 MATERIALS & SUPPLIES $ 1,630,666 $ 264,703 $ 1,895,369 TRAVEL & CONFERENCE/MEETINGS $ 509,147 $ 2,150 $ 511,297 FIXED CHARGES $ 149,051 $ 389,035 $ 538,086 UTILITIES $ $ 1,651,392 $ 1,651,392 CAPITAL OUTLAY $ 499,591 $ 55,110 $ 554,701 OTHER EXPENDITURES $ 2,061,204 $ 2,070 $ 2,063,274 Transfer Out $ 340,208 $ 384,489 $ 724,697 TOTAL EXPENDITURES $ 36,663,658 $ 5,071,726 $ 41,735,384 18

28 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 EDUCATION FUND ESTIMATED EXPENDITURES Year Ended June 30, 2017 EXPENDITURES BY PROGRAM INSTRUCTION SALARIES $ 16,590,433 EMPLOYEE BENEFITS $ 1,649,705 CONTRACTUAL SERVICES $ 106,375 MATERIALS & SUPPLIES $ 266,857 TRAVEL & CONFERENCE/MEETINGS $ 33,754 FIXED CHARGES $ 30,264 CAPITAL OUTLAY $ OTHER EXPENDITURES $ 2,300 INSTRUCTION Total $ 18,679,688 ACADEMIC SERVICES SALARIES $ 3,187,619 EMPLOYEE BENEFITS $ 508,772 CONTRACTUAL SERVICES $ 125,725 MATERIALS & SUPPLIES $ 274,451 TRAVEL & CONFERENCE/MEETINGS $ 146,393 FIXED CHARGES $ 10,768 CAPITAL OUTLAY $ ACADEMIC SERVICES Total $ 4,253,728 STUDENT SERVICES SALARIES $ 2,040,953 EMPLOYEE BENEFITS $ 374,207 CONTRACTUAL SERVICES $ 11,286 MATERIALS & SUPPLIES $ 66,375 TRAVEL & CONFERENCE/MEETINGS $ 41,740 FIXED CHARGES $ 8,624 CAPITAL OUTLAY $ OTHER EXPENDITURES $ 5,110 STUDENT SERVICES Total $ 2,548,295 PUBLIC SERVICES SALARIES $ 200,734 EMPLOYEE BENEFITS $ 22,955 CONTRACTUAL SERVICES $ MATERIALS & SUPPLIES $ 1,878 TRAVEL & CONFERENCE/MEETINGS $ 4,655 FIXED CHARGES $ 1,072 OTHER EXPENDITURES $ 25,000 PUBLIC SERVICES Total $ 256,294 19

29 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 EDUCATION FUND ESTIMATED EXPENDITURES Year Ended June 30, 2017 EXPENDITURES BY PROGRAM INDEPENDENT OPERATIONS SALARIES $ 367,399 EMPLOYEE BENEFITS $ 32,139 CONTRACTUAL SERVICES $ 45,635 MATERIALS & SUPPLIES $ 46,064 TRAVEL & CONFERENCE/MEETINGS $ 29,241 FIXED CHARGES $ 1,072 CAPITAL OUTLAY $ OTHER EXPENDITURES $ 132,763 INDEPENDENT OPERATIONS Total $ 654,313 INSTITUTIONAL SUPPORT SALARIES $ 4,433,617 EMPLOYEE BENEFITS $ 1,058,100 CONTRACTUAL SERVICES $ 718,137 MATERIALS & SUPPLIES $ 975,041 TRAVEL & CONFERENCE/MEETINGS $ 253,364 FIXED CHARGES $ 97,251 CAPITAL OUTLAY $ 499,591 OTHER EXPENDITURES $ 1,841,031 INSTITUTIONAL SUPPORT Total $ 9,876,132 TUITION CHARGEBACKS OTHER EXPENDITURES $ 55,000 TUITION CHARGEBACKS Total $ 55,000 Expenditure Total $ 36,323,450 Transfer Out $ 340,208 36,663,658 20

30 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 OPERATIONS & MAINTENANCE FUND ESTIMATED EXPENDITURES Year Ended June 30, 2017 EXPENDITURES OPERATION & MAINTENANCE SALARIES $ 1,737,216 EMPLOYEE BENEFITS $ 421,124 CONTRACTUAL SERVICES $ 164,437 MATERIALS & SUPPLIES $ 264,703 TRAVEL & CONFERENCE/MEETINGS $ 2,150 FIXED CHARGES $ 389,035 UTILITIES $ 1,651,392 CAPITAL OUTLAY $ 55,110 OTHER EXPENDITURES $ 2,070 OPERATION & MAINTENANCE Total $ 4,687,237 Transfer Out $ 384,489 5,071,726 21

31 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 OPERATIONS & MAINTENANCE (RESTRICTED) FUND ESTIMATED REVENUE AND EXPENDITURES Year Ended June 30, 2017 REVENUES LOCAL GOVERNMENTAL SOURCES 50% CY2015 LOCAL TAXES $ (690,534) 50% CY2016 LOCAL TAXES $ (690,534) LOCAL GOVERNMENTAL SOURCES Total $ (1,381,068) Transfer In $ (384,489) (1,765,557) EXPENDITURES OPERATION & MAINTENANCE CAPITAL OUTLAY $ 1,790,411 CONTRACTUAL SERVICES $ 123,452 FIXED CHARGES $ 182,285 OPERATION & MAINTENANCE Total $ 2,096,148 Transfer Out $ 2,096,148 22

32 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 BOND AND INTEREST FUND ESTIMATED REVENUE AND EXPENDITURES Year Ended June 30, 2017 REVENUES LOCAL GOVERNMENTAL SOURCES 50% CY2015 LOCAL TAXES $ (1,939,500) 50% CY2016 LOCAL TAXES $ (1,939,450) LOCAL GOVERNMENTAL SOURCES Total $ (3,878,950) Transfer In $ (3,878,950) EXPENDITURES INSTITUTIONAL SUPPORT FIXED CHARGES $ INSTITUTIONAL SUPPORT Total $ OPERATION & MAINTENANCE FIXED CHARGES $ 3,873,650 OPERATION & MAINTENANCE Total $ 3,873,650 Transfer Out $ 3,873,650 23

33 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 AUXILIARY ENTERPRISE FUND ESTIMATED REVENUE Year Ended June 30, 2017 REVENUES ACADEMIC SERVICES CHILD DEVELOPMENT CENTER $ (607,970) BISTRO $ (25,200) THEATRE PRODUCTIONS $ (2,500) ACADEMIC SERVICES Total $ (635,670) ADMINISTRATIVE SERVICES FOOD SERVICE $ (40,000) LLCC BOOKSTORE $ (3,420,050) WDRCBUSN TRAINING CENTER $ (165,834) ADMINISTRATIVE SERVICES Total $ (3,625,884) STUDENT SERVICES ATHLETIC TOURNAMENTS $ (5,000) ATHLETICS $ (33,000) IA BASEBALL $ (80,000) IA MEN'S BASKETBALL $ (29,000) IA MEN'S SOCCER $ (8,500) IA SOFTBALL $ (40,000) IA WOMEN'S BASKETBALL $ (18,000) IA WOMEN'S VOLLEYBALL $ (27,500) STUDENT SERVICES Total $ (241,000) WORKFORCE DEVELOPMENT ACADEMY OF LIFELONG LEARNING $ (47,373) COMMUNITY EDUCATION WORKSHOPS $ (258,596) ELDERHOSTEL $ (165,000) GESBUSN CNTR GOVT TRAINING $ (1,523,772) SENIOR PROGRAMMING $ (70,361) TRUCK DRIVING $ (604,500) WORKFORCE SHORT TERM PROGRAMS $ (158,330) YOUTH ENRICHMENT SERVICES $ (115,000) SPECIAL EVENTS $ (66,841) WORKFORCE DEVELOPMENT Total $ (3,009,773) (7,512,327) 24

34 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 AUXILIARY ENTERPRISE FUND ESTIMATED EXPENDITURES Year Ended June 30, 2017 EXPENDITURES ACADEMIC SERVICES CHILD DEVELOPMENT CENTER $ 499,229 BISTRO $ 25,200 THEATRE PRODUCTIONS $ 2,500 ACADEMIC SERVICES Total $ 526,929 ADMINISTRATIVE SERVICES FOOD SERVICE $ 12,000 LLCC BOOKSTORE $ 3,362,410 WDRCBUSN TRAINING CENTER $ 165,834 ADMINISTRATIVE SERVICES Total $ 3,540,244 STUDENT SERVICES ATHLETIC TOURNAMENTS $ 5,000 ATHLETICS $ 33,080 IA BASEBALL $ 80,135 IA MEN'S BASKETBALL $ 28,910 IA MEN'S SOCCER $ 8,500 IA SOFTBALL $ 40,000 IA WOMEN'S BASKETBALL $ 17,955 IA WOMEN'S VOLLEYBALL $ 27,420 STUDENT SERVICES Total $ 241,000 WORKFORCE DEVELOPMENT ACADEMY OF LIFELONG LEARNING $ 47,373 COMMUNITY EDUCATION WORKSHOPS $ 258,596 ELDERHOSTEL $ 161,868 GESBUSN CNTR GOVT TRAINING $ 1,408,066 SENIOR PROGRAMMING $ 70,361 TRUCK DRIVING $ 591,529 WORKFORCE SHORT TERM PROGRAMS $ 158,330 YOUTH ENRICHMENT SERVICES $ 97,978 SPECIAL EVENTS $ 80,102 WORKFORCE DEVELOPMENT Total $ 2,874,203 7,182,376 25

35 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 RESTRICTED PURPOSES FUND ESTIMATED REVENUE AND EXPENDITURES Year Ended June 30, 2017 REVENUES STATE GOVERNMENTAL SOURCES ICCB GRANTS $ OTHER STATE GOV'T SOURCES $ (62,000) STATE GOVERNMENTAL SOURCES Total $ (62,000) FEDERAL GOVERNMENTAL SOURCES DEPARTMENT OF EDUCATION $ (881,201) OTHER FEDERAL GOV'T SOURCES $ (1,079,410) FEDERAL GOVERNMENTAL SOURCES Total $ (1,960,611) OTHER REVENUE OTHER REVENUE $ (54,744) OTHER REVENUE Total $ (54,744) Transfer In $ (40,208) (2,117,563) EXPENDITURES INSTRUCTION $ 278,315 ACADEMIC SERVICES $ 304,556 STUDENT SERVICES $ 331,511 PUBLIC SERVICES $ 1,162,973 INDEPENDENT OPERATIONS $ Expenditure Total $ 2,077,355 Transfer Out $ 445,280 2,522,635 26

36 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 WORKING CASH FUND ESTIMATED REVENUE AND EXPENDITURES Year Ended June 30, 2017 REVENUES INVESTMENT REVENUE $ (107,610) Revenue Total $ (107,610) Transfer In $ (107,610) EXPENDITURES Expenditure Total $ Transfer Out $ 1,262,772 1,262,772 27

37 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 TRUST AND AGENCY FUND ESTIMATED REVENUE AND EXPENDITURES Year Ended June 30, 2017 REVENUES STUDENT TUITION & FEES STUDENT ACTIVITY ASSESSMENTS $ (46,422) STUDENT TUITION & FEES Total $ (46,422) OTHER REVENUE OTHER REVENUE $ OTHER REVENUE Total $ Transfer In $ (46,422) EXPENDITURES INDEPENDENT OPERATIONS SALARIES $ EMPLOYEE BENEFITS $ TRAVEL & CONFERENCE/MEETINGS $ OTHER EXPENDITURES $ 46,422 INDEPENDENT OPERATIONS Total $ 46,422 Transfer Out $ 46,422 28

38 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 AUDIT FUND ESTIMATED REVENUE AND EXPENDITURES Year Ended June 30, 2017 REVENUES LOCAL GOVERNMENTAL SOURCES 50% CY2015 LOCAL TAXES $ (36,028) 50% CY2016 LOCAL TAXES $ (36,028) LOCAL GOVERNMENTAL SOURCES Total $ (72,056) Transfer In $ (72,056) EXPENDITURES INSTITUTIONAL SUPPORT CONTRACTUAL SERVICES $ 65,200 INSTITUTIONAL SUPPORT Total $ 65,200 Transfer Out $ 65,200 29

39 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 LIABILITY, PROTECTION & SETTLEMENT FUND ESTIMATED REVENUE AND EXPENDITURES Year Ended June 30, 2017 REVENUES LOCAL GOVERNMENTAL SOURCES 50% CY2015 LOCAL TAXES $ (2,200,702) 50% CY2016 LOCAL TAXES $ (2,200,702) LOCAL GOVERNMENTAL SOURCES Total $ (4,401,404) Transfer In $ (4,401,404) EXPENDITURES GENERAL INSTITUTIONAL EMPLOYEE BENEFITS $ 800,889 FIXED CHARGES $ 214,612 GENERAL INSTITUTIONAL Total $ 1,015,501 GENERAL INSTITUTIONAL RISK CONT OTHER EXPENDITURES $ 665,714 GENERAL INSTITUTIONAL RISK CONT Total $ 665,714 RISK MANAGEMENT HR CONTRACTUAL SERVICES $ 40,000 MATERIALS & SUPPLIES $ 5,200 TRAVEL & CONFERENCE/MEETINGS $ 300 RISK MANAGEMENT HR Total $ 45,500 RISK MANAGEMENT INSTITUTIONAL SALARIES $ 794,793 CAPITAL OUTLAY $ 280,000 CONTRACTUAL SERVICES $ 341,000 EMPLOYEE BENEFITS $ 113,007 MATERIALS & SUPPLIES $ 59,856 TRAVEL & CONFERENCE/MEETINGS $ 3,000 RISK MANAGEMENT INSTITUTIONAL Total $ 1,591,656 RISK MNGMNT SECURITY/POLICE SALARIES $ 823,618 CAPITAL OUTLAY $ 1,094 CONTRACTUAL SERVICES $ 30,110 EMPLOYEE BENEFITS $ 149,579 FIXED CHARGES $ 3,355 MATERIALS & SUPPLIES $ 56,781 UTILITIES $ 10,000 TRAVEL & CONFERENCE/MEETINGS $ 7,800 OTHER EXPENDITURES $ 696 RISK MNGMNT SECURITY/POLICE Total $ 1,083,033 Transfer Out $ 4,401,404 30

40 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 EMPLOYEE BENEFIT FUND ESTIMATED REVENUE AND EXPENDITURES Year Ended June 30, 2017 REVENUES FLEX ACCOUNT HEALTH & DENTAL COLLEGE PD FLEX/ME $ (49,070) EMPLOYEE FLEX DEP CARE $ (39,096) EMPLOYEE FLEX MED $ (86,810) FLEX ACCOUNT HEALTH & DENTAL Total $ (174,976) HEALTH & DENTAL SELF INS COLLEGE PAID PREMIUM $ (3,710,028) EMPLOYEE PD HEALTH $ (399,042) INTEREST REVENUE $ (5,000) HEALTH & DENTAL SELF INS Total $ (4,114,070) Transfer In $ (4,289,046) EXPENDITURES FLEX ACCOUNT HEALTH & DENTAL MEDICAL REIMBURSEMENT $ 135,880 DEPENDENT CARE REIMBURSEMENT $ 39,096 SECTION 125 ADMINISTRATION $ 5,820 FLEX ACCOUNT HEALTH & DENTAL Total $ 180,796 HEALTH & DENTAL SELF INSURANCE CLAIMS ADMINISTRATION $ 110,310 CONSULTANT SERVICES $ 32,000 EAP SERVICES $ 15,000 HEALTH/DENTAL CLAIMS $ 3,346,121 OTHER EXPENSE $ 29,000 SPECIFIC STOP LOSS $ 560,819 SUPPLIES $ 15,000 HEALTH & DENTAL SELF INSURANCE Total $ 4,108,250 Transfer Out $ 4,289,046 31

41 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 FINANCIAL AID FUND ESTIMATED REVENUE AND EXPENDITURES Year Ended June 30, 2017 REVENUES FEDERAL GOVERNMENTAL SOURCES DEPARTMENT OF EDUCATION $ (13,812,780) FEDERAL GOVERNMENTAL SOURCES Total $ (13,812,780) OTHER REVENUE OTHER REVENUE $ OTHER REVENUE Total $ LOCAL GOVERNMENTAL SOURCES CHARGEBACK REVENUE $ LOCAL GOVERNMENTAL SOURCES Total $ TRANSFERS FROM OTHER FUNDS TRANSFER FROM OTHER FUNDS $ TRANSFERS FROM OTHER FUNDS Total $ (13,812,780) EXPENDITURES STUDENT SERVICES SALARIES $ 104,350 OTHER EXPENDITURES $ 13,708,430 STUDENT SERVICES Total $ 13,812,780 INSTITUTIONAL SUPPORT TRANSFERS TO OTHER FUNDS $ INSTITUTIONAL SUPPORT Total $ 13,812,780 32