SOUTH TEXAS COLLEGE BUDGET For The Fiscal Year Ending August 31, PDF Free Download

SOUTH TEXAS COLLEGE BUDGET For The Fiscal Year Ending August 31, 2008

Budget For The Fiscal Year Ending August 31, 2008 TABLE OF CONTENTS INTRODUCTORY SECTION Board of Trustees... 1 Mission and Vision... 2 Fact Sheet... 3 Programs of Study... 4 Summary of Fall Semester Headcount, Unduplicated Annual Headcount and Annual Full Time Equivalent (FTE)... 5 Summary of Revenues and Expenditures, Transfers and Contingencies Current and Plant Funds... 6 UNRESTRICTED FUND REVENUES Pie Chart - By Source... 7 Pie Chart - Comparison of Previous Fiscal Year with Fiscal Year Ending August 31, 2008...8-9 Summary of Revenues - Budget and Actual Comparison of Previous Fiscal Years with Fiscal Year Ending August 31, 2008...10-11 UNRESTRICTED FUND EXPENDITURES Pie Chart - By Function (Without Transfers and Contingencies)... 13 Pie Chart - Comparison of Previous Fiscal Year with Fiscal Year Ending August 31, 2008...14-15 Pie Chart - By Classification (Without Transfers and Contingencies)... 17 Pie Chart - Comparison of Previous Fiscal Year with Fiscal Year Ending August 31, 2008...18-19 Summary of Expenditures - By Function and Classification...20-21 UNRESTRICTED FUND CAPITAL EXPENDITURES Summary of Capital Expenditures - By Function and Organization... 23 AUXILARY FUND Summary - Budget and Actual Comparison of Previous Fiscal Years with Fiscal Year Ending August 31, 2008...25-26

Budget For The Fiscal Year Ending August 31, 2008 TABLE OF CONTENTS (Continued) RESTRICTED FUND Summary - Budget and Actual Comparison of Previous Fiscal Years with Fiscal Year Ending August 31, 2008...27-28 PLANT FUNDS Summary of Revenues and Expenditures... 29 Resolution Adopting the Budget of South Texas College for the Fiscal Year 2007-2008...31-32

Budget For The Fiscal Year Ending August 31, 2008 BOARD OF TRUSTEES Mr. Manuel Benavidez, Jr. District 1 May 2006 - May 2012 Mrs. Irene Garcia District 2 May 2006 - May 2012 Mr. Mike Allen District 3 May 2004 - May 2010 Mr. Gary Gurwitz District 4 May 2004 - May 2010 Dr. Alejo Salinas, Jr. District 5 May 2002 - May 2008 Mr. Jesse Villarreal District 6 May 2006 - May 2012 Mr. Roy De Leon District 7 May 2002 - May 2008 Mrs. Irene Garcia Mr. Jesse Villarreal Mr. Mike Allen Chair Vice-Chair Secretary Dr. Shirley A. Reed President 1

Our Commitment to Hidalgo and Starr Counties Vision A better quality of life for our communities. Mission South Texas College is a public institution of higher education meeting the diverse educational and workforce needs of the people of Hidalgo and Starr counties. Core Values Student Success, Excellence, Integrity, Community, Opportunity. Guiding Principles Be a premier learning-centered higher education institution where student and community success are paramount; Serve as the cornerstone for the economic vitality of South Texas; Foster an environment for the students and community to achieve a better quality of life; Nurture a culture where collaboration is valued and achievement is recognized. Institutional Statement of Purpose South Texas College achieves its mission and demonstrates commitment to its core values by being a learning-centered college offering a variety of educational programs, services, and opportunities designed to: Develop a prepared workforce by offering programs leading to employment in today s businesses and industries; Provide quality education by offering college courses in the arts, sciences and technology for those pursuing certificates and associate or baccalaureate degrees; Encourage life-long learning by offering workforce training and continuing education courses for those interested in changing careers, upgrading skills, or seeking personal enrichment; Promote student success by providing student-centered services; Provide effective developmental education to prepare students to attain their educational goals. In the pursuit of its institutional purpose, South Texas College is committed to: Providing an accessible and effective learning environment; Fostering leadership in our communities; Capitalizing on the unique strengths of a multi-cultural environment; Promoting regional economic growth and prosperity; Partnering with business and industry and other educational institutions; Creating a supportive collegial work environment. 2

About South Texas College South Texas College is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools to award Bachelor of Applied Technology, Associate of Applied Science, Associate of Arts and Associate of Science degrees. STC has an enrollment of more than 18,000 students each semester with a faculty and staff of 1,700 working across five campuses and centers. Associate Degrees and Certificates The college offers more than 90 degree and certificate program options, including associate degrees in a variety of art, science, technology and allied health fields of study. New for fall 2007 are online associate degrees in Business Administration, Criminal Justice and Social Sciences. Bachelor of Applied Technology STC offers a Bachelor of Applied Technology (BAT) degree in Technology Management, which prepares students for supervisory careers in technology. The college is one of only three Texas community colleges accredited to offer this degree. A BAT degree in Computer and Information Technologies is pending approval from the Texas Higher Education Coordinating Board. Dual Enrollment Opportunities STC offers dual enrollment programs with high schools throughout Hidalgo and Starr counties. The programs allow eligible students to take college courses while attending high school. More than 4,000 students are currently enrolled in the program. The college has also developed two intensive academic programs for students interested in pursuing degrees in the medical and engineering fields. The Dual Enrollment Medical Science Academy (DEMSA) and the Dual Enrollment Engineering Academy (DEEA) consist of concentrated two-year programs of study and internship opportunities for qualified students to pursue an Associate of Science degree during their junior and senior years in high school. Business and Industry Training The college s Partnership for Business and Industry Training offers employers customized training that will upgrade the skills of current employees and prepare new employees for a variety of industries. Continuing and Professional Education The program provides opportunities for lifelong learners to upgrade their skills, change careers or seek personal enrichment. Articulation Agreements For those students who wish to continue their education beyond an associate s degree, STC has more than 60 articulation agreements in place with colleges across the country. Following is a sampling of colleges with formal agreements with STC: Georgetown University Midwestern State University Texas A&M University College Station Texas A&M University Kingsville Texas State University San Marcos Texas Tech University University of Houston Clear Lake University of North Texas - Denton University of Texas Arlington University of Texas Brownsville University of Texas Pan American University of Texas San Antonio About the Faculty With 428 full-time and 228 adjunct instructors, STC s faculty is among the most qualified at any community college in the nation. There are 384 faculty members with master s degrees, 46 hold double master s, five hold triple master s and 79 have doctorate degrees. In certificate and other programs, there are 97 faculty members holding bachelor degrees and 44 with associate degrees. Vital Statistics o More than 75% of student population are first in family to attend college o More than 95% of students are Hispanic o More than 60% of students are female o More than 75% of students (does not include dual enrollment students) are on some form of financial aid o More than 35% of students go on to immediately pursue a bachelor s degree o An average of 26 students to each faculty member 3

PROGRAMS OF STUDY Degree and Certificate Offerings 2007-2008 BACCALAUREATE PROGRAMS Bachelor of Applied Technology in Technology Management Bachelor of Applied Technology in Computer and Information Technologies** ASSOCIATE OF ARTS DEGREE FIELDS OF STUDY Business, Math, Science, & Technology Division Business Administration Transfer Plan Liberal Arts & Social Sciences Division Criminal Justice English Fine Arts History Interdisciplinary Studies Kinesiology Language and Cultural Studies Mexican-American Studies Philosophy Political Science (Government) Social Sciences ASSOCIATE OF ARTS IN TEACHING FIELDS OF STUDY Early Childhood Specialization EC-4 Generalist 4-8 Generalist 8-12 ASSOCIATE OF SCIENCE DEGREE FIELDS OF STUDY Business, Math, Science, & Technology Division Biology Chemistry Computer Information Systems Computer Science Engineering Mathematics Physics ASSOCIATE OF APPLIED SCIENCE DEGREES Business, Math, Science, & Technology Division Automotive Technology Specialization: GM-ASEP Business Administration Specializations: Accounting Banking Import/Export/Logistics Management Marketing Technology Management Business Computer Systems Specializations: Computer Specialist Information Security Specialist Multimedia Specialist Networking Specialist Webmaster Specialist Computer Aided Drafting and Design Technology Specializations: Architectural Drafting Civil Drafting Digital Imaging Geographic Information Systems Culinary Arts Diesel Technology Electronic and Computer Maintenance Technology Specializations: Computer Maintenance Technology Computer Support Specialist Convergent Technology Specialist Electronics Technology Specialist Heating, Ventilation, Air Conditioning & Refrigeration Technology Legal Office Management Office Management Paralegal Precision Manufacturing Technology Liberal Arts & Social Sciences Division Childcare and Development Nursing and Allied Health Division Associate Degree Nursing LVN/ADN Transition Paramedic to RN Emergency Medical Technology - Paramedic Health Information Technology Medical Assistant Technology Occupational Therapy Assistant Pharmacy Technology Physical Therapist Assistant Respiratory Therapy Radiologic Technology CERTIFICATES Business, Math, Science, & Technology Division Accounting Clerk 4 Architectural Drafting Automotive Technology Banking Civil Drafting Commercial Cooking Computer Maintenance Specialist Computer Support Specialist Convergent Technology Diesel Technology Digital Imaging Electrician Assistant Electronic Technology Specialist (formerly Electronics & Computer Maintenance) Ford Maintenance and Light Repair Geographic Information Systems Heating, Ventilation, Air Conditioning & Refrigeration Technology Import / Export Industrial Systems Maintenance Technology Legal Office Specialist Logistics Management Marketing Office Specialist Precision Manufacturing Technology Technology Support Specialist Liberal Arts & Social Sciences Division Childcare and Development Specializations: Infant and Toddler Pre-School Early Childhood Intervention Nursing and Allied Health Division Emergency Medical Technology Basic Emergency Medical Technology Intermediate Emergency Medical Technology Paramedic* Medical Assistant Technology Medical Coding Specialist Medical Information/Transcription** Specialist Patient Care Assistant Pharmacy Technology Vocational Nursing * This is a two-year certificate **Pending Approval from the THECB

Summary of Fall Semester Headcount, Unduplicated Annual Headcount and Annual Full Time Equivalent (FTE) Academic Year Fall Semester Headcount Unduplicated Annual Headcount Annual FTE 1993-94 1,055 2,900 1,164 1994-95 2,334 4,967 2,139 1995-96 3,267 6,899 2,883 1996-97 5,424 9,757 4,489 1997-98 6,857 11,860 5,708 1998-99 9,453 14,284 7,474 1999-00 10,381 15,164 7,948 2000-01 11,338 16,789 8,424 2001-02 12,443 18,357 9,317 2002-03 13,695 20,447 10,267 2003-04 15,483 21,983 10,658 2004-05 17,300 23,847 11,470 2005-06 16,859 23,734 11,394 2006-07 18,496 25,177* 11,993* 2007 08 19,620* 26,707* 12,722* *Projected 5

Summary of Revenues and Expenditures, Transfers and Contingencies by Fund Fiscal Year Ending August 31, 2008 Current & Plant Funds Fund Revenues Expenditures, Transfers and Contingencies Unrestricted Fund $96,054,313 $96,054,313 Auxiliary Fund $1,437,282 $1,437,282 Restricted Fund $40,264,380 $40,264,380 Plant Fund - Unexpended - Construction $37,528,449 $37,528,449 Plant Fund - Renewals & Replacements $4,765,838 $4,765,838 Plant Fund - Retirement of Indebtedness $14,547,274 $14,547,274 6

Unrestricted Fund Revenues by Source Budget for Fiscal Year 2007-2008 $28,110,519 Local Taxes 29.27% $2,411,701 Carryover-Prior FY 2.50% $31,589,589 State Appropriations 32.89% $3,753,156 Other Revenues 3.91% $8,788,089 Fees 9.15% $21,401,259 Tuition 22.28% FY 2007-2008 Unrestricted Fund Revenues by Source Source of Revenues FY '08 Budget Percentage State Appropriations $ 31,589,589 32.89% Tuition 21,401,259 22.28% Fees 8,788,089 9.15% Other Revenues 3,753,156 3.91% Local Taxes 28,110,519 29.27% Carryover-Prior FY 2,411,701 2.50% Total Revenues $ 96,054,313 100.00% 7

Unrestricted Fund Revenues by Source Comparison of Previous Fiscal Year with Fiscal Year Ending August 31, 2008 FY 2006-2007 Unrestricted Fund Revenues by Source $26,175,743 Local Taxes 27.26% $9,188,746 Carryover-Prior FY 9.57% $30,182,226 State Appropriations 31.43% $3,135,749 Other Revenues 3.27% $7,331,805 Fees 7.63% $20,015,423 Tuition 20.84% FY 2006-2007 Unrestricted Fund Revenues by Source Source of Revenues FY '07 Budget (As Amended) Percentage State Appropriations $ 30,182,226 31.43% Tuition 20,015,423 20.84% Fees 7,331,805 7.63% Other Revenues 3,135,749 3.27% Local Taxes 26,175,743 27.26% Carryover-Prior FY 9,188,746 9.57% Total Revenues $ 96,029,692 100.00% 8

(Continued) FY 2007-2008 Unrestricted Fund Revenues by Source $28,110,519 Local Taxes 29.27% $2,411,701 Carryover-Prior FY 2.50% $31,589,589 State Appropriations 32.89% $3,753,156 Other Revenues 3.91% $8,788,089 Fees 9.15% $21,401,259 Tuition 22.28% FY 2007-2008 Unrestricted Fund Revenues by Source Source of Revenues FY '08 Budget Percentage State Appropriations $ 31,589,589 32.89% Tuition 21,401,259 22.28% Fees 8,788,089 9.15% Other Revenues 3,753,156 3.91% Local Taxes 28,110,519 29.27% Carryover-Prior FY 2,411,701 2.50% Total Revenues $ 96,054,313 100.00% 9

Unrestricted Fund Summary of Revenues - Budget and Actual Comparison of Previous Fiscal Years with Fiscal Year Ending August 31, 2008 FY '04 FY '05 Budget FY '04 Budget FY '05 Revenue Source (As Amended) Actual (As Amended) Actual State Appropriations $ 24,173,664 $ 24,128,754 $ 24,365,755 $ 24,945,029 Tuition 14,726,145 16,741,124 18,334,464 19,551,205 Fees 3,316,714 4,158,722 4,382,225 5,311,652 Other Revenues 1,465,309 2,009,776 1,441,436 3,082,370 Local Taxes 18,204,038 20,235,722 20,658,570 22,405,071 Carryover from Prior FY 4,759,119 4,759,119 9,704,025 9,704,025 Total Unrestricted Fund Revenues $ 66,644,989 $ 72,033,217 $ 78,886,475 $ 84,999,352 10

(Continued) FY '06 FY '07 Budget FY '06 Budget FY '07 FY '08 (As Amended) Actual (As Amended) Actual * Budget $ 29,829,436 $ 29,972,196 $ 30,182,226 $ 27,463,753 $ 31,589,589 19,626,225 20,177,674 20,015,423 19,776,993 21,401,259 6,877,165 7,852,953 7,331,805 7,573,446 8,788,089 2,106,080 3,190,267 3,135,749 3,555,067 3,753,156 22,687,015 24,854,665 26,175,743 26,805,671 28,110,519 13,349,142 13,349,142 9,188,746 9,188,746 2,411,701 $ 94,475,063 $ 99,396,897 $ 96,029,692 $ 94,363,676 $ 96,054,313 * Projected The Unrestricted Fund includes those economic resources of the college which are expendable for the purpose of performing the primary missions of the institution-instruction, research, and public service - and which are not restricted by external sources or designated by the governing board of other than operating expenditures Note: State Appropriations Revenues include state on-behalf benefits which are budgeted in the Unrestricted Fund and subsequently transferred to the Restricted Fund for Annual Financial Report purposes. 11

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Unrestricted Fund Expenditures by Function (Without Transfers & Contingencies) Budget for Fiscal Year 2007-2008 $10,543,495 Operation & Maintenance 11.59% $18,766,352 Institutional Support 20.63% $7,619,522 Student Services 8.38% $7,310,690 Academic Support 8.04% $480,472 Public Service 0.53% $46,239,152 Instruction 50.83% FY 2007-2008 Unrestricted Fund Expenditures By Function Function FY '08 Budget Percentage Instruction $ 46,239,152 50.83% Public Service 480,472 0.53% Academic Support 7,310,690 8.04% Student Services 7,619,522 8.38% Institutional Support 18,766,352 20.63% Operation & Maintenance 10,543,495 11.59% Total Expenditures (Without Transfers & Contingencies) $ 90,959,683 100.00% 13

Unrestricted Fund Expenditures by Function (Without Transfers & Contingencies) Comparison of Previous Fiscal Year with Fiscal Year Ending August 31, 2008 FY 2006-2007 Unrestricted Fund Expenditures by Function $9,865,647 Operation & Maintenance 11.60% $17,343,194 Institutional Support 20.37% $43,171,832 Instruction 50.71% $6,973,810 Student Services 8.19% $7,338,916 Academic Support 8.62% $437,333 Public Service 0.51% FY 2006-2007 Unrestricted Fund Expenditures by Function Function FY '07 Budget Percentage Instruction $ 43,171,832 50.71% Public Service 437,333 0.51% Academic Support 7,338,916 8.62% Student Services 6,973,810 8.19% Institutional Support 17,343,194 20.37% Operation & Maintenance 9,865,647 11.60% Total Expenditures (Without Transfers & Contingencies) $ 85,130,732 100.00% 14

(Continued) FY 2007-2008 Unrestricted Fund Expenditures by Function $10,543,495 Operation & Maintenance 11.59% $18,766,352 Institutional Support 20.63% $7,619,522 Student Services 8.38% $7,310,690 Academic Support 8.04% $480,472 Public Service 0.53% $46,239,152 Instruction 50.83% FY 2007-2008 Unrestricted Fund Expenditures by Function Function FY '08 Budget Percentage Instruction $ 46,239,152 50.83% Public Service 480,472 0.53% Academic Support 7,310,690 8.04% Student Services 7,619,522 8.38% Institutional Support 18,766,352 20.63% Operation & Maintenance 10,543,495 11.59% Total Expenditures (Without Transfers & Contingencies) $ 90,959,683 100.00% 15

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Unrestricted Fund Expenditures by Classification (Without Transfers & Contingencies) Budget for Fiscal Year 2007-2008 $21,498,084 Operating 23.63% $1,135,618 Travel 1.25% $1,605,375 Capital 1.76% $14,286,178 Benefits 15.71% $52,434,428 Salaries 57.65% FY 2007-2008 Unrestricted Fund Expenditures by Classification Classification FY '08 Budget Percentage Salaries $ 52,434,428 57.65% Benefits 14,286,178 15.71% Operating 21,498,084 23.63% Travel 1,135,618 1.25% Capital 1,605,375 1.76% Total Expenditures (Without Transfers & Contingencies) $ 90,959,683 100.00% 17

Unrestricted Fund Expenditures by Classification (Without Transfers & Contingencies) Comparison of Previous Fiscal Year with Fiscal Year Ending August 31, 2008 FY 2006-2007 Unrestricted Fund Expenditures by Classification $1,076,827 Travel 1.26% $1,394,532 Capital 1.64% $21,929,475 Operating 25.76% $12,966,719 Benefits 15.23% $47,763,178 Salaries 56.11% FY 2006-2007 Unrestricted Fund Expenditures by Classification Classification FY '07 Budget Percentage Salaries $ 47,763,178 56.11% Benefits 12,966,719 15.23% Operating 21,929,475 25.76% Travel 1,076,827 1.26% Capital 1,394,532 1.64% Total Expenditures (Without Transfers & Contingencies) $ 85,130,732 100.00% 18

(Continued) FY 2007-2008 Unrestricted Fund Expenditures by Classification $1,135,618 Travel 1.25% $1,605,375 Capital 1.76% $21,498,084 Operating 23.63% $14,286,178 Benefits 15.71% $52,434,428 Salaries 57.65% FY 2007-2008 Unrestricted Fund Expenditures by Classification Classification FY '08 Budget Percentage Salaries $ 52,434,428 57.65% Benefits 14,286,178 15.71% Operating 21,498,084 23.63% Travel 1,135,618 1.25% Capital 1,605,375 1.76% Total Expenditures (Without Transfers & Contingencies) $ 90,959,683 100.00% 19

Unrestricted Fund Summary of Expenditures by Function and Classification Budget for Fiscal Year 2007-2008 Classification Percent Percent Percent Function Salaries of Total Benefits of Total Operating of Total Instruction $31,832,533 60.71% $8,561,160 59.93% $4,872,041 22.66% Public Service 255,012 0.49% 75,229 0.53% 132,885 0.62% Academic Support 4,098,148 7.82% 1,123,133 7.86% 1,569,221 7.30% Student Services 5,043,035 9.62% 1,345,109 9.42% 782,999 3.64% Institutional Support 8,379,893 15.98% 2,371,724 16.60% 7,264,073 33.79% Operation & Maint - Plant 2,825,807 5.39% 809,823 5.67% 6,876,865 31.99% Total - Without Transfers & Contingencies $52,434,428 $14,286,178 $21,498,084 Percent of Total Expenditures 57.65% 15.71% 23.63% without Transfers & Contingencies 20

(Continued) Percent Percent Percent of Total Travel of Total Capital of Total Total Budget $510,728 44.97% $462,690 28.82% $46,239,152 50.83% 17,346 1.53% 0.00% 480,472 0.53% 164,188 14.46% 356,000 22.18% 7,310,690 8.04% 148,379 13.07% 300,000 18.69% 7,619,522 8.38% 263,977 23.25% 486,685 30.32% 18,766,352 20.63% 31,000 2.73% 0.00% 10,543,495 11.59% $1,135,618 $1,605,375 $90,959,683 100.0% 1.25% 1.76% 100.00% Transfers and Contingencies Transfer-Construction Fund 2,500,000 Transfer-PPFCO Debt 266,030 Transfer-MTR Bond Series 2007 128,600 Contingency 1,000,000 Insurance Contingency 1,200,000 Total Transfers and Contingencies $5,094,630 Total Unrestricted Budget Expenditures/Transfers/Contingencies $96,054,313 21

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Unrestricted Fund Summary of Capital Expenditures - By Function and Organization Budget for Fiscal Year 2007-2008 Organization Name Organization Total Hidalgo Technology Center 100035 250,000 Distance Education Instructional 211001 28,000 Automotive Technology 221402 19,200 CADD 221404 35,550 English 223006 8,000 Respiratory Therapy 224025 35,000 Distance Education Technology 520001 86,940 Total Instruction 462,690 Library Acquisition 530002 226,000 BAT and Support Materials 530008 80,000 Library Art Gallery 530010 10,000 Instructional Technologies 540001 40,000 Total Academic Support 356,000 Student Services Development 300003 50,000 Admissions & Records 320001 250,000 Total Student Services 300,000 Public Information 120000 9,000 Business Office 410013 198,000 Security 450002 70,000 ITS Project Manager 510005 35,000 Phones Central Office 520002 20,000 Information Technology 520004 139,646 Technology Support 520005 15,039 Total Institutional Support 486,685 Total Capital Expenditures $1,605,375 23

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Summary of Revenues and Expenditures - Budget and Actual Comparison of Previous Fiscal Years with Fiscal Year Ending August 31, 2008 Auxiliary Fund Fiscal Year Revenues / Expenditures Budget Actual* 1994-1995 Revenues 1,303,686 612,895 Expenditures and Transfers 997,604 518,341 1995-1996 Revenues 266,000 609,814 Expenditures and Transfers 148,500 466,720 1996-1997 Revenues 149,000 217,692 Expenditures and Transfers 149,000 148,506 1997-1998 Revenues 174,000 298,784 Expenditures and Transfers 174,000 186,011 1998-1999 Revenues 197,000 336,059 Expenditures and Transfers 197,000 214,603 1999-2000 Revenues 389,238 501,662 Expenditures and Transfers 389,238 270,043 2000-2001 Revenues 488,749 473,025 Expenditures and Transfers 488,749 351,262 2001-2002 Revenues 765,291 563,045 Expenditures and Transfers 765,291 254,762 2002-2003 Revenues 840,344 666,476 Expenditures and Transfers 840,344 380,737 2003-2004 Revenues 848,165 743,075 Expenditures and Transfers 848,165 346,671 2004-2005 Revenues 914,608 845,373 Expenditures and Transfers 914,608 411,684 25

Summary of Revenues and Expenditures - Budget and Actual Comparison of Previous Fiscal Years with Fiscal Year Ending August 31, 2008 Restricted Fund Fiscal Year Revenues / Expenditures Budget Actual* 1994-1995 Revenues 987,739 1,987,400 Expenditures and Transfers 987,739 1,809,153 1995-1996 Revenues 1,294,224 4,571,195 Expenditures and Transfers 1,294,224 4,355,543 1996-1997 Revenues 2,268,000 7,915,978 Expenditures and Transfers 2,268,000 7,854,048 1997-1998 Revenues 13,121,691 13,936,818 Expenditures and Transfers 13,121,691 13,654,382 1998-1999 Revenues 16,773,620 22,577,660 Expenditures and Transfers 16,773,620 22,938,662 1999-2000 Revenues 21,718,987 26,363,571 Expenditures and Transfers 21,718,987 26,616,647 2000-2001 Revenues 28,122,005 29,711,610 Expenditures and Transfers 28,122,005 30,259,793 2001-2002 Revenues 30,532,504 38,545,570 Expenditures and Transfers 30,532,504 39,326,069 2002-2003 Revenues 38,497,102 42,876,466 Expenditures and Transfers 38,497,102 43,472,697 2003-2004 Revenues 39,827,894 42,677,367 Expenditures and Transfers 39,827,894 43,279,326 2004-2005 Revenues 41,055,097 45,575,896 Expenditures and Transfers 41,055,097 46,374,535 27

Summary of Revenues and Expenditures Fiscal Year Ending August 31, 2008 Plant Funds Fund Revenues Expenditures, Transfers and Reserves Plant Fund - Unexpended - Construction $37,528,449 $37,528,449 Plant Fund - Renewals & Replacements $4,765,838 $4,765,838 Plant Fund - Retirement of Indebtedness $14,547,274 $14,547,274 29

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A RESOLUTION ADOPTING THE BUDGET OF SOUTH TEXAS COLLEGE FOR THE FISCAL YEAR BEGINNING SEPTEMBER 1, 2007 AND ENDING AUGUST 31, 2008 IN ACCORDANCE WITH THE PROVISIONS OF THE TEXAS EDUCATION CODE AND ORDERING OTHER PROVISIONS RELATED TO THE SUBJECT MATTER HEREOF. BE IT ORDERED BY THE BOARD OF TRUSTEES OF SOUTH TEXAS COLLEGE, THAT: SECTION I: The Budget Estimate of revenues for South Texas College District (the College District ) and the expenses of conducting the affairs thereof for the ensuing fiscal year beginning September 1, 2007, and ending August 31, 2008, as submitted by the President of the College, be, and the same is in all things, adopted and approved as the budget of all of the current revenues and expenses for the fiscal year beginning the 1st day of September, 2007, and ending the 31st day of August, 2008. SECTION II: The amount of ad valorem taxes and revenue from other sources, as estimated by the President, is hereby appropriated out of the various Funds for the payment of operating expenses and capital outlay of the College District. A copy of the Budget Summary indicating such revenues and appropriating their expenditures is attached hereto and made a part hereof for all purposes as Exhibit A and shall remain on file in the Office of the President. SECTION III: The sums indicated in Exhibit A are hereby appropriated in the Unrestricted Fund and College s Debt Service Fund out of the current year ad valorem taxes as collected for the purposes of maintenance and operation of the College District, as applicable, and applying the interest due on the general obligation bonds, redeeming the bonds as they mature, and creating sinking funds as required by such bonds. 31

SECTION IV: All Resolutions or parts of Resolutions in conflict herewith are hereby repealed. SECTION V: This Resolution shall be and remain in full force and effect as of September 1, 2007. SECTION VI: If any part, or parts, of this Resolution are found to be invalid or unconstitutional by a court having competent jurisdiction, then such invalidity or unconstitutionality shall not affect the remaining parts hereof and such remaining parts shall remain in full force and effect, and to the extent this Resolution is considered severable. CONSIDERED, PASSED and APPROVED this day of August, 2007 at a meeting of the Board of Trustees of South Texas College District at which a quorum was present and which was held in accordance with the Texas Government Code Chapter 551. SIGNED this day of August, 2007. SOUTH TEXAS COLLEGE DISTRICT ATTEST: BY: Irene Garcia, Chair By: Mike Allen, Secretary 32