F I N A L BUDGET2015

Transcription

1 FINAL BUDGET2015 L I N C O L N L A N D C O M M U N I T Y C O L L E G E D I S T R I C T 5 2 6

2 Final Budget FY 2015 Table of Contents Section A Introduction Memorandum from Dr. Warren... 1 FY 2015 Budget Development Process... 2 Section B FY 2015 Estimated Revenue Review FY 2015 Projected Tax Levy Analysis... 3 FY 2015 Estimated Tax Levy Distribution... 4 Equalized Assessed Valuation... 5 FY 2015 Operating Revenue Projection Revenue Summary... 6 Section C FY 2015 Estimated Expenditures Review FY 2015 Operating Expenditures Projection Expenditure Summary... 7 Section D FY 2015 Capital Budget Introduction... 8 Capital Projects Budget Summary... 9 Section E Student Activity Fee Budget Student Activity Fee Budget Section F FY 2015 Final Budget FY 2015 Final 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... 30

3 Section A Introduction

4 Final Budget FY 2015 MEMORANDUM TO: FROM: Members, LLCC Board of Trustees Charlotte Warren President SUBJECT: FY 2015 Budget DATE: September 24, 2014 The documents contained herein represent our best estimate of the FY 2015 budget as of today. The Fiscal Year 2015 Operating Budget in Tentative Form was placed on file for public review and comment at the July 23 rd, 2014 meeting. As a result of the 2015 ICCB District Budget Allocations, and auditor recommendations from our FY14 audit, the following changes have been made to the FY 2015 Tentative Budget: Decrease in CTE Funding of $7,892 Decrease in Equalization Funding of $91,129 Increase in Base Operating Grant $217,702 Decrease in Property Tax Revenue by $550 due to EAV confirmation from all counties Increased Contractual Services, Supplies, Capital Outlay, and Other Expenditures in the amount of $118,131. Movement of Student Life Administration Expenses and Student Activity Fee Revenue to the Operating Fund. Budgeted transfer of excess Student Activity Fee Revenue to the Restricted Purposes Fund. As a result of the above adjustments, the FY 2015 Final Operating Budget in draft form, is balanced and provides for revenues of $43,388,533 and expenditures of $43,388,533. The tax levy that will come before the Board in December of 2014 will provide for the extension of property tax in the calendar year In accordance with GASB 34, the FY 2015 budget reflects 50% of the revenue from the calendar year 2013 levy as well as 50% of the projected revenues from the calendar year 2014 levy, which will come before the Board in December. 1

5 Final Budget FY 2015 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 2015 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. Included in the FY 2015 Final Budget is proposed funding for those initiatives, which came forward during this process, and for which tentative funding sources have been identified. Funding for technology equipment, instructional equipment and supplies are being recommended from Technology Fee and other restricted funds in the amount of $549,408. Minor campus renovation projects in the amount of $98,500 are recommended from the operations and maintenance fund. A budget workshop for the Board of Trustees was held on June 25. 2

6 Section B Estimated Revenue Review

7 Final Budget FY 2015 Lincoln Land Community College FY 2015 Projected Tax Levy Analysis CY 2012 Estimated CY 2013 Estimated CY 2014 Estimated Estimated Change in EAV EAV EAV EAV from CY 13 to CY 14 $5,723,230,040 $5,836,728,870 $5,953,463,447 $116,734,577 Sum of CY 2012 Estimated Rate Sum of CY 2013 Estimated Rate Sum of CY 2014 Estimated Rate Sum of 2014 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 Sum of CY 2012 Estimated Extension Sum of CY 2013 Estimated Extension Sum of CY 2014 Estimated Extension Sum of 2014 Estimated Change in Extension Education Fund $15,449,283 $15,759,168 $16,074,351 $315,183 Operation & Maintenance Fund $4,006,261 $4,085,710 $4,167,424 $81,714 Protection, Health, & Safety Fund $777,584 $1,207,131 $1,280,000 $72,869 Bond & Interest Fund $2,419,513 $2,497,058 $2,560,588 $63,530 Audit Fund $69,134 $69,464 $65,000 ($4,464) Liability Protection & Settlement Fund $3,882,642 $3,747,936 $3,767,762 $19,826 26,604,417 $27,366,467 $27,915,125 $548,658 The above table is provided to show the estimated change in tax revenues from calendar year 2013 to calendar year Accounting standards require the FY 2015 Tentative Budget to include 50% of the estimated CY2013 and 50% of the estimated CY2014 tax revenues. 3

8 Final Budget FY 2015 FY 2015 Estimated Tax Levy Distribution Operation & Maintenance Fund 14.93% Bond & Interest Fund 9.15% Protection, Health, & Safety Fund 4.50% Liability Protection & Settlement Fund 13.60% Audit Fund 0.24% Education Fund 57.58% 4

9 Final Budget FY 2015 History of EAV Growth CY 2008 CY 2009 CY 2010 CY 2011 CY 2012 CY 2013 Estimated CY % 3.99% 2.13% 1.58% 2.49% 1.98% 2.00% $5,176,172,574 $5,382,669,545 $5,497,253,782 $5,584,117,985 $5,723,230,040 $5,836,728,870 $5,953,463,447 District 526 Increase in EAV 4.50% 4.00% 3.99% 3.50% Percent Increase 3.00% 2.50% 2.00% 1.50% 1.00% 3.09% 2.13% 1.58% 2.49% 1.98% 2.00% 0.50% 0.00% CY 2008 CY 2009 CY 2010 CY 2011 CY 2012 CY 2013 CY

10 Final Budget FY 2015 FY 2015 Estimated Revenue Account Type Account Sum of FY15 Final Budget REVENUE Current Taxes $20,043,327 CPP Replacement Tax $1,117,136 Credit Hour Grants $3,491,828 Equalization $50,000 ICCB Grant (IVG new) $68,000 CTE Funding $267,108 Federal Admin Fees $22,000 Tuition & Fees $17,436,907 Interest on Investments $94,000 Miscellaneous and Indirect $395,000 Transfer from Other Funds $403,227 REVENUE Total $43,388,533 Assumptions: District EAV is estimated to increase 2% from CY13 to CY14 State funding is budgeted at the current ICCB District Budget Allocation with the inclusion of IVG appropriation of $68,000 Miscellaneous and indirect cost revenues, CPPRT, and interest revenue are budgeted at estimated receipts Inclusion of the Student Activity Fee Revenue in the Operating Funds Tuition is at the board approved rate of $103.50; Fees have been held constant At this point, FY15 enrollment is projected at an 8% decrease from FY14 credit hours Variable Rate tuition revenue has been increased to reflect rate increases beginning Fall 2014 Transfers from other funds were reduced to eliminate the Special Initiative transfer, Operating Sustainability transfer, and a reduction in the Working Cash transfer The graph below indicates the estimated percentage of revenue by source. State, 11.58% Student, 40.43% Transfers, 0.93% Federal, 0.05% Other, 1.13% Local, 46.47% 6

11 Section C Estimated Expenditures Review

12 Final Budget FY 2015 FY 2015 Estimated Expenditures Account Type Description Sum of FY15 Final Budget EXPENSE Salaries $28,726,003 Employee Benefits $3,871,133 Contractual Services $1,414,680 Materials & Supplies $2,225,698 Conference & Meeting $627,644 Fixed Charges $646,876 Utilities $1,818,950 Capital Outlay $721,168 Other Expenditures $2,379,789 Transfers $956,592 EXPENSE Total Assumptions: $43,388,533 Salary projection includes current board approved increases offset by position eliminations and attrition Benefits are estimated at current approved rates for FY15 Contractual Services, Materials & Supplies, Fixed Charges, and Capital Outlay changes reflect minor departmental adjustments and lease payments Utilities have been adjusted to reflect FY14 estimated costs Inclusion of Student Life Administration expenses in the Operating Funds The Other Expenditures line has been increased due to the increase in waivers and tuition write offs Transfers to other funds have been adjusted to match revenue projections for infrastructure fee and include the energy transfer FY15 Planning Initiatives targeted for funding are included The graph below provides percentages of the estimated operating expenditures by object. Fixed Charges, 1.50% Contractual Services, 3.28% Conference & Meeting, 1.46% Employee Benefits, 8.98% Capital Outlay, 1.67% Materials & Supplies, 5.16% Other Expenditures, 5.52% Utilities, 4.22% Transfers, 2.22% Salaries, 66.60% 7

13 Section D Capital Budget

14 Final Budget FY 2015 Capital Budget Introduction Budgeted capital project expenditures for FY 2015 are currently estimated at $3,390,929. 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. 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 2011, Protection Health & Safety projects in progress for FY 2012, Protection Health & Safety projects in progress for FY 2014, an estimated amount for FY 2015 Protection Health & Safety projects, and projects using excess PHS funds. 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

15 Final Budget FY 2015 Capital Budget Capital Projects Budget Summary Project Type Project Name Sum of Local Funding Sum of Estimated Total Project Sum of Expenditures To Date Sum of FY15 Est Expenditures Various OnSite Construction & Remodeling Projects OnSite Projects $101,600 $101,600 $0 $101,600 Various OnSite Construction & Remodeling Projects Total $101,600 $101,600 $0 $101, Protection Air Handler Replacement Sangamon Hall $186,682 $186,682 $143,970 $42,712 Health & Safety Projects (CY 2010 Levy) Campus Boulevard Lighting Replacement $100,876 $100,876 $917 $99,959 Replacement of Variable Frequency Drive Units $204,571 $204,571 $20,789 $183, Protection Health & Safety Projects (CY 2010 Levy) Total $492,129 $492,129 $165,676 $326, Protection Health & Safety Projects (CY2011 Levy) New Generation Plant Main Campus $728,354 $728,354 $632,127 $96, Protection Health & Safety Projects (CY2011 Levy) Total $728,354 $728,354 $632,127 $96, Protection Health & Safety Projects (CY 2013 Levy) Taylorville Code Compliance Renovation Project $1,900,541 $1,900,541 $20,112 $1,880, Protection Health & Safety Projects (CY 2013 Levy) Total $1,900,541 $1,900,541 $20,112 $1,880, Protection Health & Safety Projects (CY 2014 Levy) Planning & Design of FY15 PHS Projects $200,000 $200,000 $0 $200, Protection Health & Safety Projects (CY 2014 Levy) Total $200,000 $200,000 $0 $200,000 Protection Health Sangamon Hall Boiler Replacement $786,220 $786,220 $0 $786,220 & Safety Projects (Excess PHS Funds) Protection Health & Safety Projects (Excess PHS Funds) Total $786,220 $786,220 $0 $786,220 4,208,844 $4,208,844 $817,915 $3,390,929 9

16 Section E Student Activity Fee Budget

17 Student Activity Fee Budget Final Budget FY 2015 The following departments and student organizations have been allocated the listed amounts to provide cocurricular programs, services and opportunities for students: Logger Activities Board $82,000 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 $46,000 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 $16,500 Funding supports student activities and programs that provide opportunities to develop cultural competency. Educational Service Area Student Activities $14,060 Funding supports student activities at educational service areas. Logger Lair (Game Room) $14,887 Funding supports Logger Lair operations including student employment, equipment replacement, and game inventory and licensing. Student Government Association $11,500 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 $6,722 Black Student Union $5,000 Animal Evaluation Club $6,000 Madrigals Plus Club $6,500 Aviation Club $400 Honors Program Student Club $6,000 French Club $1,789 Jacksonville Student Club $5,355 10

18 Final Budget FY 2015 Epicurean Club $3,700 Gay Straight Alliance $2,000 Quiz Bowl Team $3,062 Agriculture Club $4,500 Beardstown Student Club $3,125 Pay It Forward Club $850 Psychology Club $1,500 Litchfield Student Club $850 Shape Up Club $500 FCA: Loggers for Christ $200 Math Club $200 Student United Way $6,800 Total of FY2015 SAF Budget $250,000 11

19 Section F FY 2015 Budget Legal Format

20 Final Budget FY 2015 Lincoln Land Community College FY 2015 Final Budget September 24, 2014 In accordance with Section of the Public Community Act, this document reflects Lincoln Land Community College's final budget for the period beginning July 1, 2014 and ending June 30, Pursuant to statute it has been available for public inspection since July 23rd, This portion of the document contains Lincoln Land Community College s entire final budget in the legally required format. 12

21 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 SCHEDULE OF BUDGETED REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES YEAR END JUNE 30, 2015 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 $ (16,939,832) $ (4,220,631) $ (1,243,566) $ (2,528,823) $ $ $ $ $ (67,232) $ (3,757,849) $ $ $ (28,757,933) STATE GOVERNMENTAL SOURCES $ (3,229,184) $ (647,752) $ $ $ $ (675,671) $ $ $ $ $ $ $ (4,552,607) FEDERAL GOVERNMENTAL SOURCES $ (22,000) $ $ $ $ $ (1,892,482) $ $ $ $ $ $ (15,187,019) $ (17,101,501) STUDENT TUITION & FEES $ (16,651,576) $ (785,331) $ $ $ (27,574) $ $ $ (65,053) $ $ $ $ $ (17,529,534) FACILITIES REVENUE $ $ (15,000) $ $ $ (261,104) $ $ $ $ $ $ $ $ (276,104) SALES & SERVICE FEES $ $ $ $ $ (7,093,192) $ $ $ $ $ $ (4,479,097) $ $ (11,572,289) INVESTMENT REVENUE $ (77,000) $ (17,000) $ $ $ $ $ (80,000) $ $ $ (81) $ (5,000) $ $ (179,081) OTHER REVENUE $ (380,000) $ $ $ $ (15,020) $ (156,178) $ $ $ $ $ $ (9,460) $ (560,658) TOTAL REVENUES $ (37,299,592) $ (5,685,714) $ (1,243,566) $ (2,528,823) $ (7,396,890) $ (2,724,331) $ (80,000) $ (65,053) $ (67,232) $ (3,757,930) $ (4,484,097) $ (15,196,479) $ (80,529,707) EXPENDITURES BY PROGRAM INSTRUCTION $ 18,677,491 $ $ $ $ $ 626,042 $ $ $ $ $ $ $ 19,303,533 ACADEMIC SERVICES $ 4,525,715 $ $ $ $ $ 328,719 $ $ $ $ $ $ $ 4,854,434 STUDENT SERVICES $ 2,806,194 $ $ $ $ $ 18,960 $ $ $ $ $ $ 15,196,479 $ 18,021,633 PUBLIC SERVICES $ 299,856 $ $ $ $ 2,880,608 $ 1,745,832 $ $ $ $ $ $ $ 4,926,296 INDEPENDENT OPERATIONS $ 704,676 $ $ $ $ 4,677,607 $ 4,778 $ $ 65,053 $ $ $ $ $ 5,452,114 OPERATION & MAINTENANCE $ $ 5,037,883 $ 3,481,260 $ 2,466,757 $ $ $ $ $ $ $ $ $ 10,985,900 INSTITUTIONAL SUPPORT $ 10,305,126 $ $ $ $ $ $ $ $ 62,900 $ 3,757,930 $ 4,484,097 $ $ 18,610,053 TUITION CHARGEBACKS $ 75,000 $ $ $ $ $ $ $ $ $ $ $ $ 75,000 TOTAL EXPENDITURES $ 37,394,058 $ 5,037,883 $ 3,481,260 $ 2,466,757 $ 7,558,215 $ 2,724,331 $ $ 65,053 $ 62,900 $ 3,757,930 $ 4,484,097 $ 15,196,479 $ 82,228,963 Revenues (over) under Expenditures $ 94,466 $ (647,831) $ 2,237,694 $ (62,066) $ 161,325 $ $ (80,000) $ $ (4,332) $ $ $ $ 1,699,256 Transfer In $ (403,227) $ $ (647,831) $ $ (300,000) $ (8,761) $ $ $ $ $ $ $ (1,359,819) Transfer Out $ 308,761 $ 647,831 $ $ $ $ $ 403,227 $ $ $ $ $ $ 1,359,819 Revenues/Transfers In (over) under Expenditures / Transfers Out $ $ $ 1,589,863 $ (62,066) $ (138,675) $ (8,761) $ 323,227 $ $ (4,332) $ $ $ $ 1,699,256 ESTIMATED FUND BALANCES: July 1, 2014 $ 1,608,858 $ 803,344 $ 6,442,206 $ 434,873 $ 4,978,345 $ 4,942,082 $ 14,175,655 $ $ 81,933 $ 2,531,034 $ 1,055,421 $ $ 37,053,751 June 30, 2015 $ 1,608,858 $ 803,344 $ 4,852,343 $ 496,939 $ 5,117,020 $ 4,950,843 $ 13,852,428 $ $ 86,265 $ 2,531,034 $ 1,055,421 $ $ 35,354,495 13

22 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 BUDGETED EXPENDITURES AND REVENUES For Year Ended June 30, 2015 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 $ (16,939,832) $ (4,220,631) $ (1,243,566) $ (2,528,823) $ $ $ $ $ (67,232) $ (3,757,849) $ $ $ (28,757,933) STATE GOVERNMENTAL SOURCES $ (3,229,184) $ (647,752) $ $ $ $ (675,671) $ $ $ $ $ $ $ (4,552,607) FEDERAL GOVERNMENTAL SOURCES $ (22,000) $ $ $ $ $ (1,892,482) $ $ $ $ $ $ (15,187,019) $ (17,101,501) STUDENT TUITION & FEES $ (16,651,576) $ (785,331) $ $ $ (27,574) $ $ $ (65,053) $ $ $ $ $ (17,529,534) SALES & SERVICE FEES $ $ $ $ $ (7,093,192) $ $ $ $ $ $ (4,479,097) $ $ (11,572,289) FACILITIES REVENUE $ $ (15,000) $ $ $ (261,104) $ $ $ $ $ $ $ $ (276,104) INVESTMENT REVENUE $ (77,000) $ (17,000) $ $ $ $ $ (80,000) $ $ $ (81) $ (5,000) $ $ (179,081) OTHER REVENUE $ (380,000) $ $ $ $ (15,020) $ (156,178) $ $ $ $ $ $ (9,460) $ (560,658) TRANSFERS FROM OTHER FUNDS $ (403,227) $ $ (647,831) $ $ (300,000) $ (8,761) $ $ $ $ $ $ $ (1,359,819) TOTAL $ (37,702,819) $ (5,685,714) $ (1,891,397) $ (2,528,823) $ (7,696,890) $ (2,733,092) $ (80,000) $ (65,053) $ (67,232) $ (3,757,930) $ (4,484,097) $ (15,196,479) $ (81,889,526) EXPENDITURES BY OBJECT SALARIES $ 27,019,105 $ 1,706,898 $ $ $ 1,660,433 $ 1,423,520 $ $ $ $ 1,509,621 $ $ 51,635 $ 33,371,212 EMPLOYEE BENEFITS $ 3,465,537 $ 405,596 $ $ $ 321,094 $ 286,518 $ $ $ $ 1,166,064 $ 4,318,808 $ $ 9,963,617 CONTRACTUAL SERVICES $ 1,207,817 $ 206,863 $ $ $ 1,143,140 $ 335,684 $ $ $ 62,900 $ 315,480 $ 152,789 $ $ 3,424,673 MATERIALS & SUPPLIES $ 1,897,885 $ 327,813 $ $ $ 3,238,304 $ 291,745 $ $ $ $ 90,130 $ 12,000 $ $ 5,857,877 TRAVEL & CONFERENCE/MEETINGS $ 625,144 $ 2,500 $ $ $ 165,375 $ 72,508 $ $ $ $ 11,100 $ $ $ 876,627 FIXED CHARGES $ 191,990 $ 454,886 $ 191,931 $ 2,466,757 $ 493,127 $ 32,860 $ $ $ $ 248,745 $ $ $ 4,080,296 UTILITIES $ $ 1,818,950 $ $ $ 3,000 $ 4,600 $ $ $ $ 10,000 $ $ $ 1,836,550 CAPITAL OUTLAY $ 606,861 $ 114,307 $ 3,289,329 $ $ 42,140 $ 114,023 $ $ $ $ 281,094 $ $ $ 4,447,754 OTHER EXPENDITURES $ 2,379,719 $ 70 $ $ $ 491,602 $ 162,873 $ $ 65,053 $ $ 125,696 $ 500 $ 15,144,844 $ 18,370,357 TRANSFERS TO OTHER FUNDS $ 308,761 $ 647,831 $ $ $ $ $ 403,227 $ $ $ $ $ $ 1,359,819 TOTAL $ 37,702,819 $ 5,685,714 $ 3,481,260 $ 2,466,757 $ 7,558,215 $ 2,724,331 $ 403,227 $ 65,053 $ 62,900 $ 3,757,930 $ 4,484,097 $ 15,196,479 $ 83,588,782 14

23 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 TOTAL OPERATING FUNDS ESTIMATED REVENUES BY SOURCE Year Ended June 30, 2015 REVENUES EDUCATION FUND OPERATIONS AND MAINTENANCE FUND TOTAL OPERATING FUNDS LOCAL GOVERNMENTAL SOURCES CORP PERSONAL PROP REPL TAX $ (1,023,072) $ (94,064) $ (1,117,136) 50% CY2013 LOCAL TAXES $ (7,879,584) $ (2,042,855) $ (9,922,439) 50% CY2014 LOCAL TAXES $ (8,037,176) $ (2,083,712) $ (10,120,888) LOCAL GOVERNMENTAL SOURCES Total $ (16,939,832) $ (4,220,631) $ (21,160,463) STATE GOVERNMENTAL SOURCES ICCB GRANTS $ (2,962,076) $ (647,752) $ (3,609,828) ISBE $ (267,108) $ $ (267,108) STATE GOVERNMENTAL SOURCES Total $ (3,229,184) $ (647,752) $ (3,876,936) 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 $ (1,128,772) $ (452,831) $ (1,581,603) TUITION REVENUE $ (15,522,804) $ (332,500) $ (15,855,304) STUDENT TUITION & FEES Total $ (16,651,576) $ (785,331) $ (17,436,907) FACILITIES REVENUE FACILITIES REVENUE $ $ (15,000) $ (15,000) FACILITIES REVENUE Total $ $ (15,000) $ (15,000) INVESTMENT REVENUE INTEREST REVENUE $ (77,000) $ (17,000) $ (94,000) INVESTMENT REVENUE Total $ (77,000) $ (17,000) $ (94,000) OTHER REVENUE MISC STUDENT PAYMENTS $ $ $ OTHER REVENUE $ (380,000) $ $ (380,000) OTHER REVENUE Total $ (380,000) $ $ (380,000) Total Budgeted Revenue $ (37,299,592) $ (5,685,714) $ (42,985,306) Transfer In $ (403,227) $ $ (403,227) (37,702,819) $ (5,685,714) $ (43,388,533) Intercollege revenues that do not generate related local college credit hours are subtracted to allow for statewide comparisons. 15

24 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 TOTAL OPERATING FUNDS ESTIMATED EXPENDITURES Year Ended June 30, 2015 EXPENDITURES BY PROGRAM EDUCATION FUND OPERATIONS AND MAINTENACE FUND TOTAL OPERATING FUNDS INSTRUCTION $ 18,677,491 $ $ 18,677,491 ACADEMIC SERVICES $ 4,525,715 $ $ 4,525,715 STUDENT SERVICES $ 2,806,194 $ $ 2,806,194 PUBLIC SERVICES $ 299,856 $ $ 299,856 INDEPENDENT OPERATIONS $ 704,676 $ $ 704,676 OPERATION & MAINTENANCE $ $ 5,037,883 $ 5,037,883 INSTITUTIONAL SUPPORT $ 10,305,126 $ $ 10,305,126 TUITION CHARGEBACKS $ 75,000 $ $ 75,000 Transfer Out $ 308,761 $ 647,831 $ 956,592 TOTAL EXPENDITURES $ 37,702,819 $ 5,685,714 $ 43,388,533 EXPENDITURES BY OBJECT EDUCATION FUND OPERATIONS AND MAINTENACE FUND TOTAL OPERATING FUNDS SALARIES $ 27,019,105 $ 1,706,898 $ 28,726,003 EMPLOYEE BENEFITS $ 3,465,537 $ 405,596 $ 3,871,133 CONTRACTUAL SERVICES $ 1,207,817 $ 206,863 $ 1,414,680 MATERIALS & SUPPLIES $ 1,897,885 $ 327,813 $ 2,225,698 TRAVEL & CONFERENCE/MEETINGS $ 625,144 $ 2,500 $ 627,644 FIXED CHARGES $ 191,990 $ 454,886 $ 646,876 UTILITIES $ $ 1,818,950 $ 1,818,950 CAPITAL OUTLAY $ 606,861 $ 114,307 $ 721,168 OTHER EXPENDITURES $ 2,379,719 $ 70 $ 2,379,789 Transfer Out $ 308,761 $ 647,831 $ 956,592 TOTAL EXPENDITURES $ 37,702,819 $ 5,685,714 $ 43,388,533 16

25 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 EDUCATION FUND ESTIMATED EXPENDITURES Year Ended June 30, 2015 EXPENDITURES BY PROGRAM INSTRUCTION SALARIES $ 16,501,501 EMPLOYEE BENEFITS $ 1,643,318 CONTRACTUAL SERVICES $ 134,208 MATERIALS & SUPPLIES $ 306,693 TRAVEL & CONFERENCE/MEETINGS $ 41,141 FIXED CHARGES $ 32,668 CAPITAL OUTLAY $ 5,678 OTHER EXPENDITURES $ 12,284 INSTRUCTION Total $ 18,677,491 ACADEMIC SERVICES SALARIES $ 3,343,740 EMPLOYEE BENEFITS $ 545,174 CONTRACTUAL SERVICES $ 157,928 MATERIALS & SUPPLIES $ 332,422 TRAVEL & CONFERENCE/MEETINGS $ 131,225 FIXED CHARGES $ 12,563 CAPITAL OUTLAY $ 2,663 ACADEMIC SERVICES Total $ 4,525,715 STUDENT SERVICES SALARIES $ 2,207,390 EMPLOYEE BENEFITS $ 427,540 CONTRACTUAL SERVICES $ 17,838 MATERIALS & SUPPLIES $ 79,280 TRAVEL & CONFERENCE/MEETINGS $ 50,079 FIXED CHARGES $ 14,072 CAPITAL OUTLAY $ 2,010 OTHER EXPENDITURES $ 7,985 STUDENT SERVICES Total $ 2,806,194 PUBLIC SERVICES SALARIES $ 255,276 EMPLOYEE BENEFITS $ 34,805 CONTRACTUAL SERVICES $ MATERIALS & SUPPLIES $ 2,453 TRAVEL & CONFERENCE/MEETINGS $ 6,250 FIXED CHARGES $ 1,072 PUBLIC SERVICES Total $ 299,856 17

26 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 EDUCATION FUND ESTIMATED EXPENDITURES Year Ended June 30, 2015 EXPENDITURES BY PROGRAM INDEPENDENT OPERATIONS SALARIES $ 345,894 EMPLOYEE BENEFITS $ 30,283 CONTRACTUAL SERVICES $ 46,885 MATERIALS & SUPPLIES $ 49,638 TRAVEL & CONFERENCE/MEETINGS $ 30,300 FIXED CHARGES $ 1,072 CAPITAL OUTLAY $ OTHER EXPENDITURES $ 200,604 INDEPENDENT OPERATIONS Total $ 704,676 INSTITUTIONAL SUPPORT SALARIES $ 4,365,304 EMPLOYEE BENEFITS $ 784,417 CONTRACTUAL SERVICES $ 850,958 MATERIALS & SUPPLIES $ 1,127,399 TRAVEL & CONFERENCE/MEETINGS $ 366,149 FIXED CHARGES $ 130,543 CAPITAL OUTLAY $ 596,510 OTHER EXPENDITURES $ 2,083,846 INSTITUTIONAL SUPPORT Total $ 10,305,126 TUITION CHARGEBACKS OTHER EXPENDITURES $ 75,000 TUITION CHARGEBACKS Total $ 75,000 Expenditure Total $ 37,394,058 Transfer Out $ 308,761 37,702,819 18

27 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 OPERATIONS & MAINTENANCE FUND ESTIMATED EXPENDITURES Year Ended June 30, 2015 EXPENDITURES OPERATION & MAINTENANCE SALARIES $ 1,706,898 EMPLOYEE BENEFITS $ 405,596 CONTRACTUAL SERVICES $ 206,863 MATERIALS & SUPPLIES $ 327,813 TRAVEL & CONFERENCE/MEETINGS $ 2,500 FIXED CHARGES $ 454,886 UTILITIES $ 1,818,950 CAPITAL OUTLAY $ 114,307 OTHER EXPENDITURES $ 70 OPERATION & MAINTENANCE Total $ 5,037,883 Transfer Out $ 647,831 5,685,714 19

28 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 OPERATIONS & MAINTENANCE (RESTRICTED) FUND ESTIMATED REVENUE AND EXPENDITURES Year Ended June 30, 2015 REVENUES LOCAL GOVERNMENTAL SOURCES 50% CY2013 LOCAL TAXES $ (603,566) 50% CY2014 LOCAL TAXES $ (640,000) LOCAL GOVERNMENTAL SOURCES Total $ (1,243,566) FACILITIES REVENUE FACILITIES REVENUE $ FACILITIES REVENUE Total INVESTMENT REVENUE INTEREST REVENUE $ INVESTMENT REVENUE Total $ Transfer In $ (647,831) (1,891,397) $ EXPENDITURES OPERATION & MAINTENANCE CAPITAL OUTLAY $ 3,289,329 CONTRACTUAL SERVICES $ FIXED CHARGES $ 191,931 OPERATION & MAINTENANCE Total $ 3,481,260 Transfer Out $ 3,481,260 20

29 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 BOND AND INTEREST FUND ESTIMATED REVENUE AND EXPENDITURES Year Ended June 30, 2015 REVENUES LOCAL GOVERNMENTAL SOURCES 50% CY2013 LOCAL TAXES $ (1,248,529) 50% CY2014 LOCAL TAXES $ (1,280,294) LOCAL GOVERNMENTAL SOURCES Total $ (2,528,823) Transfer In $ (2,528,823) EXPENDITURES INSTITUTIONAL SUPPORT FIXED CHARGES $ INSTITUTIONAL SUPPORT Total $ OPERATION & MAINTENANCE FIXED CHARGES $ 2,466,757 OPERATION & MAINTENANCE Total $ 2,466,757 Transfer Out $ 2,466,757 21

30 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 AUXILIARY ENTERPRISE FUND ESTIMATED REVENUE Year Ended June 30, 2015 REVENUES ACADEMIC SERVICES CHILD DEVELOPMENT CENTER $ (683,421) BISTRO $ (14,242) ACADEMIC SERVICES Total $ (697,663) ADMINISTRATIVE SERVICES FOOD SERVICE $ (66,000) LLCC BOOKSTORE $ (3,693,050) WDRCBUSN TRAINING CENTER $ (165,834) VENDING SREL $ (2,000) VENDING BEARDSTOWN $ (3,000) ADMINISTRATIVE SERVICES Total $ (3,929,884) STUDENT SERVICES 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 $ (236,000) WORKFORCE DEVELOPMENT ACADEMY OF LIFELONG LEARNING $ (43,000) BUSINESS TRAINING INSTITUTE $ COMMUNITY EDUCATION WORKSHOPS $ (207,262) COMMUNITY RELATIONS $ ELDERHOSTEL $ (165,000) GESBUSN CNTR GOVT TRAINING $ (1,544,558) SENIOR PROGRAMMING $ (66,711) TRUCK DRIVING $ (535,418) WORKFORCE SHORT TERM PROGRAMS $ (133,714) YOUTH ENRICHMENT SERVICES $ (100,000) SPECIAL EVENTS $ (37,680) WORKFORCE DEVELOPMENT Total $ (2,833,343) (7,696,890) 22

31 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 AUXILIARY ENTERPRISE FUND ESTIMATED EXPENDITURES Year Ended June 30, 2015 EXPENDITURES ACADEMIC SERVICES CHILD DEVELOPMENT CENTER $ 691,315 BISTRO $ 14,242 ACADEMIC SERVICES Total $ 705,557 ADMINISTRATIVE SERVICES FOOD SERVICE $ 38,000 LLCC BOOKSTORE $ 3,693,050 WDRCBUSN TRAINING CENTER $ 165,834 VENDING SREL $ 2,000 VENDING BEARDSTOWN $ 3,000 ADMINISTRATIVE SERVICES Total $ 3,901,884 STUDENT SERVICES ATHLETICS $ 33,000 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 $ 27,500 STUDENT SERVICES Total $ 236,000 WORKFORCE DEVELOPMENT ACAD. OF LIFE LONG LRNGLITCHFIELD $ ACADEMY OF LIFELONG LEARNING $ 46,224 BUSINESS TRAINING INSTITUTE $ COMMUNITY EDUCATION WORKSHOPS $ 208,992 COMMUNITY RELATIONS $ ELDERHOSTEL $ 167,868 GESBUSN CNTR GOVT TRAINING $ 1,398,751 SENIOR PROGRAMMING $ 68,725 TRUCK DRIVING $ 535,418 WORKFORCE SHORT TERM PROGRAMS $ 163,860 YOUTH ENRICHMENT SERVICES $ 87,256 SPECIAL EVENTS $ 37,680 WORKFORCE DEVELOPMENT Total $ 2,714,774 7,558,215 23

32 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 RESTRICTED PURPOSES FUND ESTIMATED REVENUE AND EXPENDITURES Year Ended June 30, 2015 REVENUES STATE GOVERNMENTAL SOURCES ICCB GRANTS $ (365,703) OTHER STATE GOV'T SOURCES $ (309,968) STATE GOVERNMENTAL SOURCES Total $ (675,671) FEDERAL GOVERNMENTAL SOURCES DEPARTMENT OF EDUCATION $ (485,880) OTHER FEDERAL GOV'T SOURCES $ (1,328,303) DEPT OF HEALTH & HUMAN SERVICES $ (78,299) FEDERAL GOVERNMENTAL SOURCES Total $ (1,892,482) OTHER REVENUE OTHER REVENUE $ (156,178) OTHER REVENUE Total $ (156,178) Transfer In $ (8,761) (2,733,092) EXPENDITURES INSTRUCTION $ 626,042 ACADEMIC SERVICES $ 328,719 STUDENT SERVICES $ 18,960 PUBLIC SERVICES $ 1,745,832 INDEPENDENT OPERATIONS $ 4,778 Expenditure Total $ 2,724,331 Transfer Out $ 2,724,331 24

33 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 WORKING CASH FUND ESTIMATED REVENUE AND EXPENDITURES Year Ended June 30, 2015 REVENUES INVESTMENT REVENUE $ (80,000) Revenue Total $ (80,000) Transfer In $ (80,000) EXPENDITURES Expenditure Total $ Transfer Out $ 403, ,227 25

34 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 TRUST AND AGENCY FUND ESTIMATED REVENUE AND EXPENDITURES Year Ended June 30, 2015 REVENUES STUDENT TUITION & FEES STUDENT ACTIVITY ASSESSMENTS $ (65,053) STUDENT TUITION & FEES Total $ (65,053) OTHER REVENUE OTHER REVENUE $ OTHER REVENUE Total $ Transfer In (65,053) $ EXPENDITURES INDEPENDENT OPERATIONS SALARIES $ EMPLOYEE BENEFITS $ TRAVEL & CONFERENCE/MEETINGS $ OTHER EXPENDITURES $ 65,053 INDEPENDENT OPERATIONS Total $ 65,053 Transfer Out 65,053 $ 26

35 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 AUDIT FUND ESTIMATED REVENUE AND EXPENDITURES Year Ended June 30, 2015 REVENUES LOCAL GOVERNMENTAL SOURCES 50% CY2013 LOCAL TAXES $ (34,732) 50% CY2014 LOCAL TAXES $ (32,500) LOCAL GOVERNMENTAL SOURCES Total $ (67,232) Transfer In (67,232) $ EXPENDITURES INSTITUTIONAL SUPPORT CONTRACTUAL SERVICES $ 62,900 INSTITUTIONAL SUPPORT Total $ 62,900 Transfer Out 62,900 $ 27

36 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 LIABILITY, PROTECTION & SETTLEMENT FUND ESTIMATED REVENUE AND EXPENDITURES Year Ended June 30, 2015 REVENUES LOCAL GOVERNMENTAL SOURCES 50% CY2013 LOCAL TAXES $ (1,873,968) 50% CY2014 LOCAL TAXES $ (1,883,881) LOCAL GOVERNMENTAL SOURCES Total $ (3,757,849) INVESTMENT REVENUE INTEREST REVENUE $ (81) INVESTMENT REVENUE Total $ (81) Transfer In (3,757,930) $ EXPENDITURES INSTITUTIONAL SUPPORT GENERAL INSTITUTIONAL EMPLOYEE BENEFITS $ 859,285 FIXED CHARGES $ 245,390 GENERAL INSTITUTIONAL Total $ 1,104,675 GENERAL INSTITUTIONAL RISK CONT OTHER EXPENDITURES $ 125,000 GENERAL INSTITUTIONAL RISK CONT Total $ 125,000 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 $ 756,343 CAPITAL OUTLAY $ 280,000 CONTRACTUAL SERVICES $ 246,000 EMPLOYEE BENEFITS $ 117,896 MATERIALS & SUPPLIES $ 30,999 TRAVEL & CONFERENCE/MEETINGS $ 3,000 RISK MANAGEMENT INSTITUTIONAL Total $ 1,434,238 RISK MNGMNT SECURITY/POLICE SALARIES $ 753,278 CAPITAL OUTLAY $ 1,094 CONTRACTUAL SERVICES $ 29,480 EMPLOYEE BENEFITS $ 188,883 FIXED CHARGES $ 3,355 MATERIALS & SUPPLIES $ 53,931 UTILITIES $ 10,000 TRAVEL & CONFERENCE/MEETINGS $ 7,800 OTHER EXPENDITURES $ 696 RISK MNGMNT SECURITY/POLICE Total $ 1,048,517 Transfer Out $ 3,757,930 28

37 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 EMPLOYEE BENEFIT FUND ESTIMATED REVENUE AND EXPENDITURES Year Ended June 30, 2015 REVENUES FLEX ACCOUNT HEALTH & DENTAL COLLEGE PD FLEX/ME $ (206,400) EMPLOYEE FLEX DEP CARE $ (22,015) EMPLOYEE FLEX MED $ (86,670) FLEX ACCOUNT HEALTH & DENTAL Total $ (315,085) HEALTH & DENTAL SELF INS COLLEGE PAID PREMIUM $ (3,643,200) EMPLOYEE PD HEALTH $ (520,812) INTEREST REVENUE $ (5,000) HEALTH & DENTAL SELF INS Total $ (4,169,012) Transfer In (4,484,097) $ EXPENDITURES FLEX ACCOUNT HEALTH & DENTAL MEDICAL REIMBURSEMENT $ 293,070 DEPENDENT CARE REIMBURSEMENT $ 22,015 SECTION 125 ADMINISTRATION $ 9,900 FLEX ACCOUNT HEALTH & DENTAL Total $ 324,985 HEALTH & DENTAL SELF INSURANCE CLAIMS ADMINISTRATION $ 95,889 CONSULTANT SERVICES $ 32,000 EAP SERVICES $ 15,000 HEALTH/DENTAL CLAIMS $ 3,522,040 OTHER EXPENSE $ 500 SPECIFIC STOP LOSS $ 481,683 SUPPLIES $ 12,000 HEALTH & DENTAL SELF INSURANCE Total $ 4,159,112 Transfer Out $ 4,484,097 29

38 LINCOLN LAND COMMUNITY COLLEGE COMMUNITY COLLEGE DISTRICT 526 FINANCIAL AID FUND ESTIMATED REVENUE AND EXPENDITURES Year Ended June 30, 2015 REVENUES FEDERAL GOVERNMENTAL SOURCES DEPARTMENT OF EDUCATION $ (15,187,019) FEDERAL GOVERNMENTAL SOURCES Total $ (15,187,019) OTHER REVENUE OTHER REVENUE $ (9,460) OTHER REVENUE Total $ (9,460) LOCAL GOVERNMENTAL SOURCES CHARGEBACK REVENUE $ LOCAL GOVERNMENTAL SOURCES Total $ TRANSFERS FROM OTHER FUNDS TRANSFER FROM OTHER FUNDS $ TRANSFERS FROM OTHER FUNDS Total $ (15,196,479) EXPENDITURES STUDENT SERVICES SALARIES $ 51,635 OTHER EXPENDITURES $ 15,144,844 STUDENT SERVICES Total $ 15,196,479 INSTITUTIONAL SUPPORT TRANSFERS TO OTHER FUNDS $ INSTITUTIONAL SUPPORT Total $ 15,196,479 30