Balance Sheet January 31, 2016 Net Pension Unrestricted Restricted Auxiliaries Endowment Plant Agency Liability Total Assets and Deferred Outflows Cash and Cash Receivables $ 12,001,104 $ 276,166 $ 1,062,587 $ 186,096 $ 7,514,366 $ 34,676 $ - $ 21,074,994 Investments 2,000,000 - - 180,000 1,000,000 - - 3,180,000 Student Accounts Receivable 5,066,486 155,006 105,155 - - 388-5,327,035 Other Receivables 570,423 322,401 13,915-1,335,478 - - 2,242,217 Inventories - - 1,201,360 - - - - 1,201,360 Prepaid Expenses 12,792 - - - - - - 12,792 Property, Plant, and Equipment - - - - 78,527,792 - - 78,527,792 Due From Other Funds - - - - - - - - Other Assets 662 - - - - - - 662 Deferred Outflows - - - - 62,192-4,361,761 4,423,953 Total Assets and Deferred Outflows $ 19,651,467 $ 753,574 $ 2,383,017 $ 366,096 $ 88,439,827 $ 35,064 $ 4,361,761 $ 115,990,806 Liabilities & Fund Balances Accounts Payable - Trade $ 375,273 $ 32,447 $ 291,181 $ - $ 352,238 $ 200 $ - $ 1,051,339 Accounts Payable - Other 777 14,831 - - - - - 15,608 Payroll Withholding Payable 588,225 - - - - - - 588,225 Accrued Liabilities 1,066,950 11,176 8,454 - - - - 1,086,581 Deferred Revenue 1,416 475,768 - - - - - 477,184 Notes Payable - - - - 281,456 - - 281,456 Bonds Payable - - - - 15,841,250 - - 15,841,250 Other Liabilities 136,958-732 - 287,413 52,427 58,672,592 59,150,121 Deferred Inflows - - - - - - 6,207,619 6,207,619 Fund Balance 17,481,868 219,351 2,082,650 366,096 71,677,471 (17,563) (60,518,450) 31,291,423 Total Liabilities, Deferred Inflows & Fund Balances $ 19,651,467 $ 753,574 $ 2,383,017 $ 366,096 $ 88,439,827 $ 35,064 $ 4,361,761 $ 115,990,806 Mangement Use Only
Operating Budget Variance Report For the 7 Month Period Ending January 31, 2016 58.33% Budget Actual Percent of Actual to Budget Actuals Margin FY 15/16 FY 14/15 FY 15/16 FY 14/15 FY 15/16 FY 14/15 Variance FY 15/16 FY 14/15 Revenues State Appropriations $ 25,220,300 $ 25,170,300 $ 14,715,003 $ 14,780,825 58.3% 58.7% (0.4)% 37.5% 37.6% Local Taxes - Property 11,930,702 11,810,821 7,609,156 7,293,447 63.8% 61.8% 2.0% 19.4% 18.5% Local Taxes - Production 2,184,429 3,252,481 986,693 1,806,745 45.2% 55.5% (10.4)% 2.5% 4.6% Tuition and Fees 13,335,784 13,442,311 10,773,158 10,198,485 80.8% 75.9% 4.9% 27.5% 25.9% Other Revenue 8,719,235 8,760,720 5,143,161 5,255,151 59.0% 60.0% (1.0)% 13.1% 13.4% Total Revenues 61,390,450 62,436,633 39,227,171 39,334,653 63.9% 63.0% 0.9% 100.0% 100.0% Cost of Goods Sold - - (360) (2,894) (0.0)% (0.0)% Net Revenues 61,390,450 62,436,633 39,226,811 39,331,760 63.9% 63.0% 0.9% 100.0% 100.0% Expenditures Salaries and Benefits 40,900,545 41,836,036 23,253,082 23,466,534 56.9% 56.1% 0.8% 59.3% 59.7% Operating Expenses 18,946,601 18,969,406 10,039,483 11,073,473 53.0% 58.4% (5.4)% 25.6% 28.2% Total Expenditures 59,847,146 60,805,442 33,292,565 34,540,007 55.6% 56.8% (1.2)% 84.9% 87.8% Net Income (Loss) Before Transfers 1,543,304 1,631,191 5,934,246 4,791,752 384.5% 293.8% 90.8% 15.1% 12.2% Transfers Out to Renewal, Replacement (1,126,771) (1,281,412) (1,190,000) (1,281,412) (3.0)% (3.3)% Net Increase/(Decrease) to Fund Balance After Transfers $ 416,533 $ 349,779 $ 4,744,246 $ 3,510,340 12.1% 8.9%
Statement of Operating Expenditures by Functional Categories For the 7 Month Period Ending January 31, 2016 58.33% Budget Actual Percent of Actual to Budget % of Total Actual Expenses Function FY 15/16 FY 14/15 FY 15/16 FY 14/15 FY 15/16 FY 14/15 Variance FY 15/16 FY 14/15 Change Academic Support $ 8,701,375 $ 7,032,583 $ 3,714,790 $ 4,386,879 42.7% 62.4% (19.7)% 11.2% 12.7% (1.5)% Business and Institutional Support Services 4,002,744 3,754,987 2,028,062 2,362,235 50.7% 62.9% (12.2)% 6.1% 6.8% (0.7)% Community Events and Public Service 1,288,265 1,310,401 673,835 687,633 52.3% 52.5% (0.2)% 2.0% 2.0% 0.0% Executive Administration 1,515,556 1,583,715 880,297 817,731 58.1% 51.6% 6.5% 2.6% 2.4% 0.3% Institutional Scholarships 477,548 323,500 210,423 150,412 44.1% 46.5% (2.4)% 0.6% 0.4% 0.2% General Institution 364,470 383,103 161,106 190,507 44.2% 49.7% (5.5)% 0.5% 0.6% (0.1)% Independent Operations 137,613 196,757 46,973 85,792 34.1% 43.6% (9.5)% 0.1% 0.2% (0.1)% Insurance 524,438 557,913 434,322 413,867 82.8% 74.2% 8.6% 1.3% 1.2% 0.1% Human Resources 1,016,671 1,040,465 495,701 489,368 48.8% 47.0% 1.7% 1.5% 1.4% 0.1% Plant Operations and Administration 5,466,378 5,383,359 2,934,140 3,213,722 53.7% 59.7% (6.0)% 8.8% 9.3% (0.5)% Marketing and Public Relations 837,004 862,095 519,538 452,420 62.1% 52.5% 9.6% 1.6% 1.3% 0.3% Community Relations 938,495 1,105,620 468,738 528,773 49.9% 47.8% 2.1% 1.4% 1.5% (0.1)% Research, Planning and Strategic Development 555,209 566,081 280,592 284,197 50.5% 50.2% 0.3% 0.8% 0.8% 0.0% Safety and Security 934,526 900,553 491,009 538,663 52.5% 59.8% (7.3)% 1.5% 1.6% (0.1)% School of Business and Information Technology 1,026,736 1,173,479 693,209 599,060 67.5% 51.0% 16.5% 2.1% 1.7% 0.3% School of Energy 3,725,958 4,108,742 2,439,450 2,416,388 65.5% 58.8% 6.7% 7.3% 7.0% 0.3% School of Health Sciences 6,561,237 7,229,575 3,681,875 3,775,592 56.1% 52.2% 3.9% 11.1% 10.9% 0.1% School of Humanities 4,942,370 5,709,751 3,198,556 3,140,294 64.7% 55.0% 9.7% 9.6% 9.1% 0.5% School of Science and Math 3,049,469 3,350,086 2,037,042 1,924,340 66.8% 57.4% 9.4% 6.1% 5.6% 0.5% School of Trades and Technology 3,691,806 3,956,435 2,335,575 2,269,401 63.3% 57.4% 5.9% 7.0% 6.6% 0.4% SJC Foundation 298,825 299,863 178,244 182,225 59.6% 60.8% (1.1)% 0.5% 0.5% 0.0% Student Services 4,806,534 4,889,363 2,558,862 2,677,989 53.2% 54.8% (1.5)% 7.7% 7.8% (0.1)% Technology Services 4,983,919 5,087,017 2,830,225 2,952,521 56.8% 58.0% (1.3)% 8.5% 8.5% (0.0)% Total Expenditures 59,847,146 60,805,442 33,292,565 34,540,007 55.6% 56.8% (1.2)% 100.0% 100.0% 0.0% Transfers to (from) Other Funds 1,126,771 1,281,412 1,190,000 1,281,412 105.6% 100.0% 5.6% Total Expenditures with Transfers $ 60,973,917 $ 62,086,854 $ 34,482,565 $ 35,821,419 56.6% 57.7% (1.1)%
Bookstore Budget Variance Report For the 7 Month Period Ending January 31, 2016 Actual Margin Trend Base Year FY 15/16 FY 14/15 FY 13/14 FY 15/16 FY 14/15 FY 13/14 FY 15/16 FY 14/15 FY 13/14 Revenues Sales and Services $ 3,183,831 $ 3,359,811 $ 3,295,748 99.4% 99.4% 99.5% 96.6% 101.9% 100.0% Other Revenue 17,827 21,163 17,239 0.6% 0.6% 0.5% 103.4% 122.8% 100.0% Total Revenues 3,201,658 3,380,973 3,312,987 100.0% 100.0% 100.0% 96.6% 102.1% 100.0% Cost of Goods Sold (2,360,589) (2,290,382) (2,541,722) (73.7)% (67.7)% (76.7)% 92.9% 90.1% 100.0% Net Revenues Before Transfers 841,069 1,090,591 771,266 26.3% 32.3% 23.3% 109.1% 141.4% 100.0% Transfers In - - 3,000 0.0% 0.0% 0.1% 0.0% 0.0% 100.0% Net Revenues Including Transfers 841,069 1,090,591 774,266 26.3% 32.3% 23.4% 108.6% 140.9% 100.0% Expenditures Salaries and Benefits 207,277 197,673 182,776 6.5% 5.8% 5.5% 113.4% 108.2% 100.0% Operating Expenses 71,092 81,715 95,363 2.2% 2.4% 2.9% 74.5% 85.7% 100.0% Total Expenditures 278,369 279,388 278,139 8.7% 8.3% 8.4% 100.1% 100.4% 100.0% Net Income (Loss) Before Transfers 562,700 811,203 496,126 17.6% 24.0% 15.0% 113.4% 163.5% 100.0% Transfers (Out) - - - 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Net Income (Loss) Including Transfers $ 562,700 $ 811,203 $ 496,126 17.6% 24.0% 15.0% 113.4% 163.5% 100.0% Margin Area: Every line item is stated as a percentage of total revenues. Trend Area: Each line item is expressed as a percentage of the base year.
Food Service Budget Variance Report For the 7 Month Period Ending January 31, 2016 Actual Margin Trend Base Year FY 15/16 FY 14/15 FY 13/14 FY 15/16 FY 14/15 FY 13/14 FY 15/16 FY 14/15 FY 13/14 Revenues Sales and Services $ 575,328 $ 563,236 $ 557,604 100.0% 100.0% 100.0% 103.2% 101.0% 100.0% Cash Over/(Short) 1 43 (51) 0.0% 0.0% (0.0)% (1.9)% (84.1)% 100.0% Total Revenues 575,329 563,280 557,553 100.0% 100.0% 100.0% 103.2% 101.0% 100.0% Cost of Goods Sold (236,478) (242,999) (259,141) (41.1)% (43.1)% (46.5)% 91.3% 93.8% 100.0% Net Revenues Before Transfers 338,851 320,280 298,412 58.9% 56.9% 53.5% 113.6% 107.3% 100.0% Expenditures Tuition Waivers - 883 1,976 0.0% 0.2% 0.4% 0.0% 44.7% 100.0% Operating Expenses 395,377 412,029 455,894 68.7% 73.1% 81.8% 86.7% 90.4% 100.0% Total Expenditures 395,377 412,911 457,869 68.7% 73.3% 82.1% 86.4% 90.2% 100.0% Net Income (Loss) Before Transfers (56,526) (92,631) (159,457) (9.8)% (16.4)% (28.6)% 35.4% 58.1% 100.0% Transfers In - - - 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Net Income (Loss) Including Transfers $ (56,526) $ (92,631) $ (159,457) (9.8)% (16.4)% (28.6)% 35.4% 58.1% 100.0% Margin Area: Every line item stated as a percentage of total revenues. Trend Area: Every line tiem is expressed as a percentage of the base year.
Statement of Cash Flows For Month Ended January 31, 2016 January 31, 2015 Cash flows from operating activities Tuition and Fees $ 6,311,814 $ 5,035,995 Grants and Contracts 5,370,374 12,770,240 Sales and Services 756,128 472,672 Auxilliary Sales and Services 3,776,987 3,944,253 Payments to Suppliers (10,279,176) (11,033,514) Payments to Employees (17,151,614) (17,193,366) Payments for Benefits (6,433,717) (6,680,718) Payments for Utilities (740,914) (772,937) Payments for Student Aid (8,908,753) (9,242,264) Other Receipts 226,832 511,867 Other Payments (32,370) (33,924) Net cash provided (used) by operating activities (27,104,410) (22,221,697) Cash flows from noncapital financing activities State Appropriations 14,715,003 14,780,825 Local Appropriations 9,930,227 10,452,631 Federal Student Aid 7,048,376 7,481,873 Other Non-Operating Revenues (Expenses) (4,370,023) (8,130,992) Net cash provided (used) by noncapital financing activities 27,323,584 24,584,337 Cash flows from capital and related financing activities Interest Payments on Bonds and Notes (368,471) (591,866) Capital Appropriations 649,339 48,703 Insurance Receipts for Hail Damage 2,197,500 - Principal Payments on Bonds and Notes (180,411) (2,232,459) Bond Issuance 5,049,383 - Purchase of Capital Assets (319,708) (245,179) Net cash provided (used) by capital and related financing activities 7,027,632 (3,020,801) Cash flows from investing activities Transfer between Cash and Investments - 750,000 Investment Income 22,801 29,391 Net cash provided (used) by investing activities 22,801 779,391 Net increase (decrease) in cash and cash equivalents 7,269,607 121,229 Cash and cash equivalents - beginning of year 13,985,387 14,129,642 Cash and cash equivalents - end of month $ 21,254,994 $ 14,250,871