Operating Budget Variance Report For the 10 Month Period Ending April 30, 2016 83.33% Budget Actual YE Actual YTD Actual YTD % 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 $ 20,869,079 $ 21,014,534 83.2% 83.5% (0.3)% 42.4% 41.9% Local Taxes - Property 12,163,157 11,927,877 8,060,138 7,890,212 66.3% 66.1% 0.2% 16.4% 15.7% Local Taxes - Production 1,834,429 2,952,218 1,354,660 2,480,764 73.8% 84.0% (10.2)% 2.8% 4.9% Tuition and Fees 12,512,720 11,618,503 11,651,338 11,499,927 93.1% 99.0% (5.9)% 23.7% 22.9% Other Revenue 9,215,890 8,595,592 7,299,983 7,275,660 79.2% 84.6% (5.4)% 14.8% 14.5% Total Revenues 60,795,496 60,264,530 49,235,198 50,161,097 81.0% 83.2% (2.2)% 100.0% 100.0% Cost of Goods Sold - (8,809) (1,966) (8,809) 0.0% 0.0% Net Revenues 60,795,496 60,255,721 49,233,232 50,152,288 81.0% 83.2% (2.2)% 100.0% 100.0% Expenditures Salaries and Benefits 40,641,783 40,779,447 33,472,534 34,215,346 82.4% 83.9% (1.5)% 68.0% 68.2% Operating Expenses 19,271,507 18,190,680 14,428,646 14,967,440 74.9% 82.3% (7.4)% 29.3% 29.8% Total Expenditures 59,913,290 58,970,127 47,901,180 49,182,786 80.0% 83.4% (3.4)% 97.3% 98.0% Net Income (Loss) Before Transfers 882,206 1,285,594 1,332,052 969,502 151.0% 75.4% 75.6% 2.7% 1.9% Transfers Out to Renewal, Replacement (624,798) (1,281,412) (624,798) (1,281,412) (1.3)% (2.6)% Net Increase/(Decrease) to Fund Balance After Transfers $ 257,408 $ 4,182 $ 707,254 $ (311,910) 1.4% (0.6)% FOR MANAGEMENT USE ONLY
State Appropriations 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 0 July August September October November December January February March April State Appropriations 2016 State Appropriations 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 April Local Taxes - Property 2016 Local Taxes - Property 2015 Local Taxes - Production 2016 Local Taxes - Production 2015
Tuition and Fees 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 April Tuition 2016 Tuition 2015 Fees 2016 Fees 2015
Statement of Operating Expenditures by Functional Categories For the 10 Month Period Ending April 30, 2016 83.33% Budget YE Actual YTD Actual YTD Actual % of Actual to Budget % of Actual to YE Actual Percent 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 $ 7,203,090 $ 6,788,071 $ 5,462,691 $ 5,554,288 75.84% 81.82% (6.0)% 11.4% 11.3% 0.1% Business and Institutional Support Services 3,946,341 3,823,884 2,996,915 3,125,740 75.94% 81.74% (5.8)% 6.3% 6.4% (0.1)% Community Events and Public Service 1,258,099 1,228,603 977,786 1,031,210 77.72% 83.93% (6.2)% 2.0% 2.1% (0.1)% Executive Administration 1,505,676 1,483,530 1,186,186 1,201,568 78.78% 80.99% (2.2)% 2.5% 2.4% 0.1% Institutional Scholarships 323,548 339,505 320,190 298,127 98.96% 87.81% 11.2% 0.7% 0.6% 0.1% General Institution 364,470 338,530 269,117 268,487 73.84% 79.31% (5.5)% 0.6% 0.5% 0.1% Independent Operations 137,613 129,575 66,205 117,300 48.11% 90.53% (42.4)% 0.1% 0.2% (0.1)% Insurance 524,438 454,587 470,652 453,221 89.74% 99.70% (10.0)% 1.0% 0.9% 0.1% Human Resources 1,035,683 888,758 707,984 728,819 68.36% 82.00% (13.6)% 1.5% 1.5% 0.0% Plant Operations and Administration 5,492,232 5,254,258 4,231,004 4,397,646 77.04% 83.70% (6.7)% 8.8% 8.9% (0.1)% Marketing and Public Relations 865,019 822,773 711,376 663,162 82.24% 80.60% 1.6% 1.5% 1.3% 0.2% Community Relations 1,006,412 989,519 741,929 786,888 73.72% 79.52% (5.8)% 1.5% 1.6% (0.1)% Research, Planning and Strategic Development 559,602 511,209 415,077 414,896 74.17% 81.16% (7.0)% 0.9% 0.8% 0.1% Safety and Security 970,492 905,088 728,279 757,320 75.04% 83.67% (8.6)% 1.5% 1.5% 0.0% School of Business and Information Technology 1,118,872 1,095,423 982,864 938,145 87.84% 85.64% 2.2% 2.1% 1.9% 0.2% School of Energy 4,348,069 4,129,926 3,445,767 3,460,183 79.25% 83.78% (4.5)% 7.2% 7.0% 0.2% School of Health Sciences 5,787,700 6,753,078 4,529,823 5,594,722 78.27% 82.85% (4.6)% 9.5% 11.4% (1.9)% School of Humanities 5,532,490 5,662,547 4,871,028 4,831,694 88.04% 85.33% 2.7% 10.2% 9.8% 0.4% School of Science and Math 3,338,202 3,424,725 3,050,373 2,927,058 91.38% 85.47% 5.9% 6.4% 6.0% 0.4% School of Trades and Technology 4,122,740 4,041,503 3,536,601 3,442,615 85.78% 85.18% 0.6% 7.4% 7.0% 0.4% SJC Foundation 304,959 307,724 257,607 258,220 84.47% 83.91% 0.6% 0.5% 0.5% 0.0% Student Services 4,912,508 4,733,928 3,868,206 3,848,137 78.74% 81.29% (2.6)% 8.1% 7.8% 0.3% Technology Services 5,255,036 4,863,383 4,073,520 4,083,339 77.52% 83.96% (6.4)% 8.5% 8.3% 0.2% Total Expenditures 59,913,290 58,970,127 47,901,180 49,182,786 79.95% 83.40% (3.5)% 100.0% 100.0% 0.0% Transfers to (from) Other Funds 624,798 1,281,412 624,798 1,281,412 100.00% 100.00% 0.0% Total Expenditures with Transfers $ 60,538,088 $ 60,251,539 $ 48,525,978 $ 50,464,198 80.16% 83.76% (3.6)%
Statement of Net Position April 30, 2016 Net Pension Unrestricted Restricted Auxiliaries Endowment Plant Agency Liability Total Assets and Deferred Outflows Cash and Cash Receivables $ 12,511,055 $ (39,199) $ 357,241 $ 186,926 $ 7,346,103 $ 59,493 $ - $ 20,421,619 Investments 2,000,000 - - 180,000 1,000,000 - - 3,180,000 Student Accounts Receivable 3,311,527 496,819 108,290 - - 388-3,917,024 Other Receivables 546,923 304,176 13,915-1,177,557 - - 2,042,571 Inventories - - 1,214,723 - - - - 1,214,723 Prepaid Expenses 14,989 - - - - - - 14,989 Property, Plant, and Equipment - - - - 77,351,762 - - 77,351,762 Due From Other Funds - - - - - - - - Other Assets 662 - - - - - - 662 Deferred Outflows - - - - 62,192-4,361,761 4,423,953 Total Assets and Deferred Outflows $ 18,385,156 $ 761,796 $ 1,694,169 $ 366,926 $ 86,937,614 $ 59,881 $ 4,361,761 $ 112,567,303 Liabilities, Deferred Inflows & Fund Balances Accounts Payable - Trade $ 1,001,106 $ 94,623 $ 99,740 $ - $ 25,332 $ 25 $ - $ 1,220,826 Accounts Payable - Other 852 14,831 - - - - - 15,683 Payroll Withholding Payable 513,166 - - - - - - 513,166 Accrued Liabilities 1,555,715 1,721 4,870 - - - - 1,562,306 Unearned Revenue 1,816,157 475,768 - - - - - 2,291,925 Notes Payable - - - - 246,994 - - 246,994 Bonds Payable - - - - 15,841,250 - - 15,841,250 Other Liabilities 108,532-1,580-287,413-58,672,592 59,070,117 Deferred Inflows - - - - - - 6,207,619 6,207,619 Fund Balance 13,389,628 174,853 1,587,979 366,926 70,536,625 59,856 (60,518,450) 25,597,417 Total Liabilities, Deferred Inflows & Fund Balances $ 18,385,156 $ 761,796 $ 1,694,169 $ 366,926 $ 86,937,614 $ 59,881 $ 4,361,761 $ 112,567,303
Bookstore Report For the 10 Month Period Ending April 30, 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 $ 3,309,311 $ 3,518,977 $ 3,420,934 99.5% 99.4% 99.5% 96.7% 102.9% 100.0% Other Revenue 17,515 22,300 17,831 0.5% 0.6% 0.5% 98.2% 125.1% 100.0% Total Revenues 3,326,826 3,541,277 3,438,765 100.0% 100.0% 100.0% 96.7% 103.0% 100.0% Cost of Goods Sold (2,452,310) (2,399,528) (2,637,170) (73.7)% (67.8)% (76.7)% 93.0% 91.0% 100.0% Net Revenues Before Transfers 874,516 1,141,749 801,595 26.3% 32.2% 23.3% 109.1% 142.4% 100.0% Transfers In - - 3,000 0.0% 0.0% 0.1% 0.0% 0.0% 100.0% Net Revenues Including Transfers 874,516 1,141,749 804,595 26.3% 32.2% 23.4% 108.7% 141.9% 100.0% Expenditures Salaries and Benefits 293,244 286,261 254,031 8.8% 8.1% 7.4% 115.4% 112.7% 100.0% Operating Expenses 194,474 100,587 113,044 5.8% 2.8% 3.3% 172.0% 89.0% 100.0% Total Expenditures 487,718 386,848 367,075 14.7% 10.9% 10.7% 132.9% 105.4% 100.0% Net Income (Loss) Before Transfers 386,798 754,901 437,520 11.6% 21.3% 12.7% 88.4% 172.5% 100.0% Transfers (Out) - - - 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Net Income (Loss) Including Transfers $ 386,798 $ 754,901 $ 437,520 11.6% 21.3% 12.7% 88.4% 172.5% 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. FOR MANAGEMENT USE ONLY
Food Service Report For the 10 Month Period Ending April 30, 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 $ 857,871 $ 854,647 $ 857,204 100.0% 100.0% 100.0% 100.1% 99.7% 100.0% Cash Over/(Short) (1) 78 (56) 0.0% 0.0% 0.0% 1.8% (139.3)% 100.0% Total Revenues 857,870 854,725 857,148 100.0% 100.0% 100.0% 100.1% 99.7% 100.0% Cost of Goods Sold (365,774) (370,250) (401,799) (42.6)% (43.3)% (46.9)% 91.0% 92.1% 100.0% Net Revenues Before Transfers 492,096 484,475 455,349 57.4% 56.7% 53.1% 108.1% 106.4% 100.0% Expenditures Tuition Waivers - 883 2,892 0.0% 0.1% 0.3% 0.0% 30.5% 100.0% Operating Expenses 598,890 620,961 693,604 69.8% 72.7% 80.9% 86.3% 89.5% 100.0% Total Expenditures 598,890 621,844 696,496 69.8% 72.8% 81.3% 86.0% 89.3% 100.0% Net Income (Loss) Before Transfers (106,794) (137,369) (241,147) (12.4)% (16.1)% (28.1)% 44.3% 57.0% 100.0% Transfers In - - - 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Net Income (Loss) Including Transfers $ (106,794) $ (137,369) $ (241,147) (12.4)% (16.1)% (28.1)% 44.3% 57.0% 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 10 Month Period Ending April 30, 2016 Budget Actual Variance Actual Margin FY 15/16 FY 15/16 FY 15/16 Revenues Sales and Services $ 458,391 $ 476,194 $ 17,803 66.6% Other Revenue 237,000 238,294 1,294 33.4% Total Revenues 695,391 714,488 19,097 100.0% Transfers In 545,189-545,189 0.0% Net Revenues Including Transfers 1,240,580 714,488 526,092 100.0% Expenditures Salaries and Benefits 963,041 773,890 189,151 108.3% Operating Expenses 277,539 253,711 23,828 35.5% Total Expenditures 1,240,580 1,027,601 212,979 143.8% Net Income (Loss) Including Transfers $ - $ (313,113) $ 313,113 (43.8)% Margin Area: Every line item is stated as a percentage of total revenues. FOR MANAGEMENT USE ONLY
Statement of Cash Flows For Month Ended April 30, 2016 April 30, 2015 Cash flows from operating activities Tuition and Fees $ 10,413,943 $ 10,290,370 Grants and Contracts 7,932,159 15,867,008 Sales and Services 593,233 780,950 Auxilliary Sales and Services 4,899,520 4,396,002 Payments to Suppliers (14,005,832) (14,511,052) Payments to Employees (24,968,090) (25,065,936) Payments for Benefits (9,396,284) (9,360,307) Payments for Utilities (1,095,593) (1,103,878) Payments for Student Aid (17,050,976) (17,858,786) Other Receipts 930,142 630,053 Other Payments (46,735) (46,172) Net cash provided (used) by operating activities (41,794,512) (35,981,747) Cash flows from noncapital financing activities State Appropriations 20,869,079 21,014,534 Local Appropriations 10,865,244 11,903,584 Federal Student Aid 13,485,570 14,248,269 Other Non-Operating Revenues (Expenses) (4,739,095) (9,786,048) Net cash provided (used) by noncapital financing activities 40,480,798 37,380,340 Cash flows from capital and related financing activities Interest Payments on Bonds and Notes (372,974) (597,624) Capital Appropriations 689,366 48,703 Insurance Receipts for Hail Damage 2,865,264 - Principal Payments on Bonds and Notes (214,873) (2,265,666) Bond Issuance 5,049,383 - Purchase of Capital Assets (119,648) (710,527) Net cash provided (used) by capital and related financing activities 7,896,518 (3,525,115) Cash flows from investing activities Transfer between Cash and Investments - 750,000 Investment Income 35,199 41,578 Net cash provided (used) by investing activities 35,199 791,578 Net increase (decrease) in cash and cash equivalents 6,618,002 (1,334,944) Cash and cash equivalents - beginning of year 13,985,387 14,129,642 Cash and cash equivalents - end of month $ 20,603,389 $ 12,794,698