Operating Budget Variance Report For the 9 Month Period Ending March 31, 2016 75.00% Budget Actual Actual Actual % of Actual to Budget % of Actual to YE Actual 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 $ 25,069,300 $ 25,170,340 $ 18,918,387 $ 18,936,631 75.5% 75.2% 0.2% 41.8% 40.1% Local Taxes - Property 12,163,157 11,927,877 7,855,719 7,753,884 64.6% 65.0% (0.4)% 17.4% 16.4% Local Taxes - Production 1,834,429 2,952,218 1,237,196 2,299,438 67.4% 77.9% (10.4)% 2.7% 4.9% Tuition and Fees 12,512,720 11,618,503 10,961,533 11,220,594 87.6% 96.6% (9.0)% 24.2% 23.8% Other Revenue 9,215,890 8,595,592 6,304,575 7,004,599 68.4% 81.5% (13.1)% 13.9% 14.8% Total Revenues 60,795,496 60,264,531 45,277,409 47,215,145 74.5% 78.3% (3.9)% 100.0% 100.0% Cost of Goods Sold - (7,969) (1,626) (7,969) (0.0)% (0.0)% Net Revenues 60,795,496 60,256,562 45,275,783 47,207,177 74.5% 78.3% (3.9)% 100.0% 100.0% Expenditures Salaries and Benefits 40,641,783 40,779,447 29,970,064 30,666,427 73.7% 75.2% (1.5)% 66.2% 65.0% Operating Expenses 19,271,507 18,190,680 12,547,827 14,096,325 65.1% 77.5% (12.4)% 27.7% 29.9% Total Expenditures 59,913,290 58,970,127 42,517,891 44,762,752 71.0% 75.9% (4.9)% 93.9% 94.8% Net Income (Loss) Before Transfers 882,206 1,286,435 2,757,891 2,444,424 312.6% 190.0% 122.6% 6.1% 5.2% Transfers Out to Renewal, Replacement (624,798) (1,281,412) (624,798) (1,281,412) (1.4)% (2.7)% Net Increase/(Decrease) to Fund Balance After Transfers $ 257,408 $ 5,023 $ 2,133,093 $ 1,163,012 4.7% 2.5% Summer registration opened earlier in FY15 FOR MANAGEMENT USE ONLY
Chart Title 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 July August September October November December January February March Tuition 2016 Tuition 2015 Fees 2016 Fees 2015
Local Taxes 9,000,000 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 July August September October November December January February March Local Taxes - Property 2016 Local Taxes - Property 2015 Local Taxes - Production 2016 Local Taxes - Production 2015
State Appropriations 20,000,000 18,000,000 16,000,000 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 0 July August September October November December January February March State Appropriations 2016 State Appropriations 2015
Statement of Operating Expenditures by Functional Categories For the 9 Month Period Ending March 31, 2016 75.00% % of Actual % of Actual Percent of Total Budget Actual Actual Actual to Budget to YE Actual 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 $ 7,668,030 $ 6,788,071 $ 4,834,227 $ 5,465,829 63.0% 80.5% (17.5)% 11.4% 12.2% (0.8)% Business and Institutional Support Services 3,947,811 3,823,884 2,663,239 2,964,527 67.5% 77.5% (10.1)% 6.3% 6.6% (0.4)% Community Events and Public Service 1,258,099 1,228,603 864,996 911,799 68.8% 74.2% (5.5)% 2.0% 2.0% (0.0)% Executive Administration 1,505,676 1,483,530 1,090,058 1,088,091 72.4% 73.3% (0.9)% 2.6% 2.4% 0.1% Institutional Scholarships 323,548 339,505 309,928 284,162 95.8% 83.7% 12.1% 0.7% 0.6% 0.1% General Institution 364,470 338,530 232,887 240,475 63.9% 71.0% (7.1)% 0.5% 0.5% 0.0% Independent Operations 137,613 129,575 59,785 100,725 43.4% 77.7% (34.3)% 0.1% 0.2% (0.1)% Insurance 524,438 454,587 470,091 451,795 89.6% 99.4% (9.7)% 1.1% 1.0% 0.1% Human Resources 1,035,353 888,758 630,692 659,625 60.9% 74.2% (13.3)% 1.5% 1.5% 0.0% Plant Operations and Administration 5,494,260 5,254,258 3,775,198 3,958,498 68.7% 75.3% (6.6)% 8.9% 8.8% 0.0% Marketing and Public Relations 863,879 822,773 635,149 594,880 73.5% 72.3% 1.2% 1.5% 1.3% 0.2% Community Relations 991,782 989,519 639,378 702,659 64.5% 71.0% (6.5)% 1.5% 1.6% (0.1)% Research, Planning and Strategic Development 559,602 511,209 373,320 373,646 66.7% 73.1% (6.4)% 0.9% 0.8% 0.0% Safety and Security 970,492 905,088 645,640 691,895 66.5% 76.4% (9.9)% 1.5% 1.5% (0.0)% School of Business and Information Technology 1,096,614 1,095,423 878,479 820,536 80.1% 74.9% 5.2% 2.1% 1.8% 0.2% School of Energy 4,270,034 4,129,926 3,090,421 3,112,751 72.4% 75.4% (3.0)% 7.3% 7.0% 0.3% School of Health Sciences 5,720,023 6,753,078 4,031,991 4,991,675 70.5% 73.9% (3.4)% 9.5% 11.2% (1.7)% School of Humanities 5,411,300 5,662,547 4,333,578 4,236,097 80.1% 74.8% 5.3% 10.2% 9.5% 0.7% School of Science and Math 3,288,449 3,424,725 2,716,677 2,589,962 82.6% 75.6% 7.0% 6.4% 5.8% 0.6% School of Trades and Technology 4,031,741 4,041,503 3,120,414 3,009,305 77.4% 74.5% 2.9% 7.3% 6.7% 0.6% SJC Foundation 304,959 307,724 231,497 233,098 75.9% 75.7% 0.2% 0.5% 0.5% 0.0% Student Services 4,894,599 4,733,928 3,424,677 3,501,325 70.0% 74.0% (4.0)% 8.1% 7.8% 0.2% Technology Services 5,250,519 4,863,383 3,465,568 3,779,398 66.0% 77.7% (11.7)% 8.2% 8.4% (0.3)% Total Expenditures 59,913,290 58,970,127 42,517,891 44,762,752 71.0% 75.9% (4.9)% 100.0% 100.0% 0.0% Transfers to (from) Other Funds 940,000 1,281,412 940,000 1,281,412 100.0% 100.0% 0.0% Total Expenditures with Transfers $ 60,853,290 $ 60,251,539 $ 43,457,891 $ 46,044,164 71.41% 76.42% (5.0)% Large decrease in budget is movement of HHPC to Auxilliary.
Bookstore Report For the 8 Month Period Ending February 29, 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 $ 3,242,719 $ 3,413,494 $ 3,343,522 99.5% 99.4% 99.5% 97.0% 102.1% 100.0% Other Revenue 17,355 21,443 17,355 0.5% 0.6% 0.5% 100.0% 123.6% 100.0% Total Revenues 3,260,074 3,434,937 3,360,877 100.0% 100.0% 100.0% 97.0% 102.2% 100.0% Cost of Goods Sold (2,403,624) (2,327,000) (2,577,958) (73.7)% (67.7)% (76.7)% 93.2% 90.3% 100.0% Net Revenues Before Transfers 856,450 1,107,937 782,918 26.3% 32.3% 23.3% 109.4% 141.5% 100.0% Transfers In - - 3,000 0.0% 0.0% 0.1% 0.0% 0.0% 100.0% Net Revenues Including Transfers 856,450 1,107,937 785,918 26.3% 32.3% 23.4% 109.0% 141.0% 100.0% Expenditures Salaries and Benefits 237,336 229,221 209,862 7.3% 6.7% 6.2% 113.1% 109.2% 100.0% Operating Expenses 76,263 86,789 99,594 2.3% 2.5% 3.0% 76.6% 87.1% 100.0% Total Expenditures 313,599 316,010 309,456 9.6% 9.2% 9.2% 101.3% 102.1% 100.0% Net Income (Loss) Before Transfers 542,851 791,927 476,463 16.7% 23.1% 14.2% 113.9% 166.2% 100.0% Transfers (Out) - - - 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Net Income (Loss) Including Transfers $ 542,851 $ 791,927 $ 476,463 16.7% 23.1% 14.2% 113.9% 166.2% 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. FOR MANAGEMENT USE ONLY
Food Service Report For the 9 Month Period Ending March 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 $ 753,634 $ 757,835 $ 735,189 100.0% 100.0% 100.0% 102.5% 103.1% 100.0% Cash Over/(Short) (2) 78 (56) (0.0)% 0.0% (0.0)% 3.9% (138.8)% 100.0% Total Revenues 753,632 757,913 735,133 100.0% 100.0% 100.0% 102.5% 103.1% 100.0% Cost of Goods Sold (324,812) (332,946) (353,101) (43.1)% (43.9)% (48.0)% 92.0% 94.3% 100.0% Net Revenues Before Transfers 428,819 424,967 382,033 56.9% 56.1% 52.0% 112.2% 111.2% 100.0% Expenditures Tuition Waivers - 883 2,690 0.0% 0.1% 0.4% 0.0% 32.8% 100.0% Operating Expenses 523,778 548,198 622,403 69.5% 72.3% 84.7% 84.2% 88.1% 100.0% Total Expenditures 523,778 549,081 625,093 69.5% 72.4% 85.0% 83.8% 87.8% 100.0% Net Income (Loss) Before Transfers (94,958) (124,114) (243,061) (12.6)% (16.4)% (33.1)% 39.1% 51.1% 100.0% Transfers In - - - 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Net Income (Loss) Including Transfers $ (94,958) $ (124,114) $ (243,061) (12.6)% (16.4)% (33.1)% 39.1% 51.1% 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. FOR MANAGEMENT USE ONLY
Human Health and Performance Center Report For the 9 Month Period Ending March 31, 2016 Budget Actual Budget to Actual Actual Margin FY 15/16 FY 15/16 Variance FY 15/16 Revenues Sales and Services $ 458,391 $ 444,998 $ 13,393 65.2% Other Revenue 237,000 237,904 (904) 34.8% Total Revenues 695,391 682,903 12,488 100.0% Transfers In 545,189-545,189 0.0% Net Revenues Including Transfers 1,240,580 682,903 557,677 100.0% Expenditures Salaries and Benefits 963,041 684,951 278,090 100.3% Operating Expenses 277,539 238,504 39,035 34.9% Total Expenditures 1,240,580 923,456 317,124 135.2% Net Income (Loss) Including Transfers $ - $ (240,553) $ 240,553 (35.2)% Margin Area: Every line item is stated as a percentage of total revenues. FOR MANAGEMENT USE ONLY
Statement of Net Position March 31, 2016 Net Pension Unrestricted Restricted Auxiliaries Endowment Plant Agency Liability Total Assets and Deferred Outflows Cash and Cash Receivables $ 13,619,923 $ (536,068) $ 613,876 $ 186,643 $ 7,167,317 $ 66,149 $ - $ 21,117,840 Investments 2,000,000 - - 180,000 1,000,000 - - 3,180,000 Student Accounts Receivable 1,135,604 168,967 92,636 - - 388-1,397,595 Other Receivables 547,028 298,079 13,915-1,375,496 - - 2,234,517 Inventories - - 1,178,132 - - - - 1,178,132 Prepaid Expenses 13,085 - - - - - - 13,085 Property, Plant, and Equipment - - - - 77,784,965 - - 77,784,965 Due From Other Funds - - - - - - - - Other Assets 662 - - - - - - 662 Deferred Outflows - - - - 62,192-4,361,761 4,423,953 Total Assets and Deferred Outflows $ 17,316,301 $ (69,022) $ 1,898,559 $ 366,643 $ 87,389,969 $ 66,538 $ 4,361,761 $ 111,330,749 Liabilities & Fund Balances Accounts Payable - Trade $ 609,333 $ 53,489 $ 206,844 $ - $ 20,375 $ 210 $ - $ 890,251 Accounts Payable - Other 777 14,831 - - - - - 15,608 Payroll Withholding Payable 504,733 - - - - - - 504,733 Accrued Liabilities 1,431,643 11,176 5,230 - - - - 1,448,050 Unearned Revenue (76,680) 475,768 - - - - - 399,088 Notes Payable - - - - 258,481 - - 258,481 Bonds Payable - - - - 15,841,250 - - 15,841,250 Other Liabilities 31,026-1,333-287,413-58,672,592 58,992,364 Deferred Inflows - - - - - - 6,207,619 6,207,619 Fund Balance 14,815,469 (624,286) 1,685,152 366,643 70,982,450 66,327 (60,518,450) 26,773,305 Total Liabilities, Deferred Inflows & Fund Balances $ 17,316,301 $ (69,022) $ 1,898,559 $ 366,643 $ 87,389,969 $ 66,538 $ 4,361,761 $ 111,330,749