Illinois Central College District 514 East Peoria ... · 2016-2017 Budget Exhibit Schedules General Changes in Tentative Budget to Final Budget - Revenues 16 Changes in Tentative

Illinois Central CollegeDistrict 514

East Peoria, Illinois

2016-2017Budget

Illinois Central College2016-2017

Budget

Table of Contents

Budget Detail 2016-2017

Summary of Budget by Fund 1

Summary of Anticipated Revenues 2

Summary of Estimated Revenues 3

Summary of Operating Budgeted Expenditures 4

Education Fund Budgeted Expenditures 5

Operations and Maintenance Fund Budgeted Expenditures 7

Liability, Protection, and Settlement Fund Budgeted Revenues and Expenditures 8

Restricted Purposes Fund Budgeted Revenues 9

Restricted Purposes Fund Budgeted Expenditures 10

Audit Fund Budgeted Revenues and Expenditures 12

Bond and Interest Fund Budgeted Revenues and Expenditures 13

Operations and Maintenance Fund - Restricted Budgeted Revenues and Expenditures 14

Auxiliary Enterprises Fund Budgeted Revenues and Expenditures 15

Exhibit Schedules 16 - 57

ILLINOIS CENTRAL COLLEGE DISTRICT 514SUMMARY OF FISCAL YEAR 2017 BUDGET BY FUND

CapitalGeneral / Operations Debt Service Projects

Operations Liability, Operationsand Protection, Bond and and Mainten-

Education Maintenance and Settlement Interest ance Fund Fund Fund Fund Fund (Restricted)

Beginning Balance (1) 8,250,944 5,672,733 5,913,368 (844,956) 19,208,332

Budgeted Revenues 61,440,523 7,956,144 4,697,823 5,862,074 4,399,269

Budgeted Expenditures, net 60,622,257 7,919,171 4,499,342 5,681,456 23,727,050

Encumbrances 176,525 86,428 18,837 - 75,000

Budget Transfers from(to) Other Funds (750,000) (2,200,000) - - 2,200,000

Budgeted Ending Balance 8,142,685 3,423,278 6,093,012 (664,338) 2,005,551

ProprietarySpecial Revenue Fund Totals

Restricted Auxiliary Purposes Audit Working Enterprises Total

Fund Fund Cash Fund Fund All Funds

Beginning Balance (1) 700,528 243,914 9,907,933 (559,647) 48,493,149

Budgeted Revenues 16,975,000 124,950 75,000 7,356,054 108,886,837

Budgeted Expenditures 17,778,038 151,034 - 7,864,721 128,243,069

Encumbrances 14,325 4,393 - 2,474 377,982

Budgeted Transfers from(to) other Funds 425,000 - (75,000) 400,000 -

Budgeted Ending Balance 308,165 213,437 9,907,933 (670,788) 28,758,935

(1) Unaudited

Attest: Secretary, Board of Trustees

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2

ILLINOIS CENTRAL COLLEGE DISTRICT 514SUMMARY OF FISCAL YEAR 2017 ESTIMATED REVENUES

Operations Liability,and Protection, Total

Education Maintenance and Settlement OperatingFund Fund Fund Funds

OPERATING REVENUES BY SOURCE

Local Government:Local Taxes 17,074,110 3,469,269 4,697,823 25,241,202 Chargeback Revenue 5,000 5,000 Other - PBC Operating Agreement -

TOTAL LOCAL GOVERNMENT 17,079,110 3,469,269 4,697,823 25,246,202

State Government:ICCB Credit Hour Grants 2,953,125 984,375 3,937,500 ICCB Equalization Grants 37,500 12,500 50,000 ICCB Verteran Grants - - State Board of Education -

Vocational Education - State Board of Education -

Adult Education - Dept. of Veterans Affairs - Corporate Personal Property

Replacement Taxes 250,000 2,925,000 3,175,000 IL Student Assistance Comm. - SURS On-behalf-of Payments 15,000,000 15,000,000 Other 401,266 401,266

TOTAL STATE GOVERNMENT 18,641,891 3,921,875 - 22,563,766

Federal Government:Dept. of Education 148,130 - - 148,130 Dept. of Health and Human

Services - Other -

TOTAL FEDERAL GOVERNMENT 148,130 - - 148,130

Student Tuition and Fees:Tuition 24,701,392 24,701,392 Other Student Assessments -

TOTAL STUDENT TUITION AND FEES 24,701,392 - - 24,701,392

Other Sources:Sales and Service Fees 250,000 250,000 Facilities Revenue - 485,000 485,000 Investment Revenue 110,000 75,000 185,000 Bond Revenue - - Nongovernmental Grants 270,000 270,000 Other 240,000 5,000 245,000

TOTAL OTHER SOURCES 870,000 565,000 - 1,435,000

TOTAL 2017 BUDGETED REVENUE 61,440,523 7,956,144 4,697,823 74,094,491

Less Non-operating Items*:Tuition Chargeback Revenue 5,000 5,000 Instructional Service

Contract Revenue -

ADJUSTED REVENUE 61,435,523 7,956,144 4,697,823 74,089,491

* Interdistrict revenues that do not generate related local district credit hours are subtracted to allow for statewide comparisons.

3

SUMMARY OF FISCAL YEAR 2017 OPERATING BUDGETED EXPENDITURES

Operations Liability,and Protection, Total

Education Maintenance and Settlement OperatingFund Fund Fund Funds %

BY PROGRAM

Instruction 26,098,755 - - 26,098,755 34.0% Academic Support 2,892,700 - - 2,892,700 3.8% Student Services 2,893,108 - - 2,893,108 3.8% Public Service/Continuing Education 338,986 - - 338,986 0.4% Auxiliary Services - - - - 0.0% Operation & Maint. of Plant - 8,119,171 - 8,119,171 10.6% Institutional Support 27,928,708 - 4,499,342 32,428,050 42.2% Scholarships, Student Grants, & Waivers 1,120,000 - - 1,120,000 1.5%

INTERFUND TRANSFERS 750,000 2,200,000 - 2,950,000 3.8%

TOTAL 2017 BUDGETED EXPENDITURES 62,022,257 10,319,171 4,499,342 76,840,770 100.0%

Less Non-operating Items*: Tuition Chargeback 5,000 5,000 Instructional Service Contracts -

ADJUSTED EXPENDITURES 62,017,257 10,319,171 4,499,342 76,835,770

BY OBJECT

Salaries 31,517,151 3,794,956 1,603,123 36,915,230 48.0% Employee Benefits 20,761,094 922,617 964,934 22,648,645 29.5% Contractual Services 1,584,701 340,729 305,251 2,230,681 2.9% General Materials & Supplies 2,594,548 680,709 136,998 3,412,255 4.4% Conferences & Meetings 403,508 11,520 20,520 435,548 0.6% Fixed Charges 891,062 305,950 1,425,916 2,622,928 3.4% Utilities 37,914 1,970,750 6,500 2,015,164 2.6% Capital Outlay 417,089 78,500 30,000 525,589 0.7% Scholarships & Waivers 1,120,000 - - 1,120,000 1.5% Other 1,945,190 13,440 6,100 1,964,730 2.6% 61,272,257 8,119,171 4,499,342 73,890,770 96.2%

INTERFUND TRANSFERS 750,000 2,200,000 - 2,950,000 3.8%

TOTAL 2017 BUDGETED EXPENDITURES 62,022,257 10,319,171 4,499,342 76,840,770 100.0%

Less Non-operating Items*: Tuition Chargeback 5,000 5,000 Instructional Service Contracts -

ADJUSTED EXPENDITURES 62,017,257 10,319,171 4,499,342 76,835,770

*Interdistrict expenses that do not generate related local college credit hours are subtracted to allow for statewide comparisons.

4

EDUCATION FUND

FISCAL YEAR 2017 BUDGETED EXPENDITURES

Appropriations Totals

INSTRUCTION Salaries 21,415,019 Employee Benefits 3,066,710 Contractual Services 591,378 General Materials & Supplies 894,012 Conferences & Meetings 102,008 Fixed Charges 23,768 Utilities 730 Capital Outlay 3,000 Other 2,130

26,098,755

ACADEMIC SUPPORT Salaries 1,996,071 Employee Benefits 361,760 Contractual Services 53,220 General Materials & Supplies 413,794 Conferences & Meetings 40,855 Fixed Charges 27,000 Utilities - Capital Outlay - Other -

2,892,700

STUDENT SERVICES Salaries 2,081,080 Employee Benefits 538,670 Contractual Services 89,200 General Materials & Supplies 154,268 Conferences & Meetings 27,180 Fixed Charges 150 Utilities 2,560 Capital Outlay - Other -

2,893,108

PUBLIC SERVICE/CONTINUING EDUCATION Salaries 257,247 Employee Benefits 19,692 Contractual Services 14,063 General Materials & Supplies 23,788 Conferences & Meetings 17,143 Fixed Charges - Utilities 693 Capital Outlay - Other 6,360

338,986

5

OPERATION AND MAINTENANCE OF PLANT Salaries - Employee Benefits - Contractual Services - General Materials & Supplies - Conferences & Meetings - Fixed Charges - Utilities - Capital Outlay - Other -

-

INSTITUTIONAL SUPPORT Salaries 5,767,734 Employee Benefits 16,774,262 Contractual Services 836,840 General Materials & Supplies 1,108,686 Conferences & Meetings 216,322 Fixed Charges 840,144 Utilities 33,931 Capital Outlay 414,089 Other 1,936,700

27,928,708

SCHOLARSHIPS, STUDENT GRANTS, AND WAIVERS Salaries - Employee Benefits - Contractual Services - General Materials & Supplies - Conferences & Meetings - Fixed Charges - Capital Outlay - Other 1,120,000

1,120,000

TOTAL BUDGETED EXPENDITURES 61,272,257

PROVISION FOR CONTINGENCY 600,000

TOTAL EXPENDITURES & APPROPRIATIONS 61,872,257

LESS - CONTINGENCY (600,000)

- UNEXPENDED APPROPRIATION (650,000)

TOTAL NET EXPENDITURES 60,622,257

INTERFUND TRANSFERS, NET 750,000

GRAND TOTAL 61,372,257

6

OPERATIONS AND MAINTENANCE FUND



OPERATION AND MAINTENANCE OF PLANT Salaries 3,794,956 Employee Benefits 922,617 Contractual Services 340,729 General Materials & Supplies 680,709 Conferences & Meetings 11,520 Fixed Charges 305,950 Utilities 1,970,750 Capital Outlay 78,500 Other 13,440 8,119,171

INSTITUTIONAL SUPPORT Salaries - Employee Benefits - Contractual Services - General Materials & Supplies - Conferences & Meetings - Fixed Charges - Utilities - Capital Outlay - Other -

-

TOTAL BUDGETED EXPENDITURES 8,119,171

PROVISION FOR CONTINGENCY 100,000

TOTAL EXPENDITURES & APPROPRIATIONS 8,219,171

LESS - CONTINGENCY (100,000)

- UNEXPENDED APPROPRIATION (200,000)

TOTAL NET EXPENDITURES 7,919,171

INTERFUND TRANSFERS, NET 2,200,000


7

LIABILITY, PROTECTION, AND SETTLEMENT FUND

FISCAL YEAR 2017 BUDGETED REVENUES

Revenues TotalsLocal Governmental Sources Local Taxes 4,697,823 Chargeback Revenue - Other -

4,697,823 Other Sources Investment Revenue - Other -

-




INSTITUTIONAL SUPPORT Salaries 1,603,123 Employee Benefits 964,934 Contractual Services 305,251 General Materials & Supplies 136,998 Conferences & Meetings 20,520 Fixed Charges 1,425,916 Utilities 6,500 Capital Outlay 30,000 Other 6,100


8

RESTRICTED PURPOSES FUND


Revenues Totals

Local Governmental Sources 25,000 25,000

State Governmental Sources ICCB Performance Based Initiative - Other ICCB Grants 350,000 Department of Veterans Affairs - Department of Commerce and Econonic Opportunity 250,000 Illinois Student Assistance Commission 600,000 Other Illinois Governmental Sources 450,000

1,650,000 Federal Governmental Sources Department of Education 14,000,000 Department of Labor 50,000 Department of Commerce and Econonic Opportunity 50,000 Other Federal Governmental Sources 300,000

14,400,000 Other Sources Student Tuition and Fees - Sales and Service Fees 10,000 Facilities Revenue - Investment Revenue - Nongovernmental Gifts, Scholarships, - Grants, and Bequests 300,000 Other Revenue 590,000 Stafford Student Loan -

900,000

INTERFUND TRANSFERS 425,000


9

RESTRICTED PURPOSES FUND



INSTRUCTION Salaries 605,000 Employee Benefits 100,000 Contractual Services 525,000 General Materials & Supplies 75,000 Conferences & Meetings 35,000 Fixed Charges 30,000 Utilities 1,500 Capital Outlay 10,000 Other 65,000

1,446,500 ACADEMIC SUPPORT Salaries - Employee Benefits - Contractual Services - General Materials & Supplies - Conferences & Meetings - Fixed Charges - Utilities - Capital Outlay - Other -

- STUDENT SERVICES Salaries 325,000 Employee Benefits 95,000 Contractual Services 7,000 General Materials & Supplies 100,000 Conferences & Meetings 30,000 Fixed Charges - Utilities - Capital Outlay 75,000 Other -

632,000 PUBLIC SERVICE/CONTINUING EDUCATION Salaries 20,000 Employee Benefits 8,000 Contractual Services 35,000 General Materials & Supplies 1,000 Conferences & Meetings 1,000 Fixed Charges - Utilities 500 Capital Outlay - Other 50,000

115,500

10

OPERATION AND MAINTENANCE OF PLANT Salaries - Employee Benefits - Contractual Services - General Materials & Supplies - Conferences & Meetings - Fixed Charges - Utilities - Capital Outlay - Other -

- INSTITUTIONAL SUPPORT Salaries 335,000 Employee Benefits 95,000 Contractual Services 65,000 General Materials & Supplies 65,000 Conferences & Meetings 40,000 Fixed Charges 4,000 Utilities 4,000 Capital Outlay 25,000 Other 10,000

643,000 SCHOLARSHIPS, STUDENT GRANTS, AND WAIVERS Salaries 273,042 Employee Benefits 83,181 Contractual Services 33,775 General Materials & Supplies 41,285 Conferences & Meetings 7,815 Fixed Charges 100 Utilities 1,440 Capital Outlay - Other 400

441,038

Financial Aid 14,500,000

INTERFUND TRANSFERS -


11

AUDIT FUND


Revenues TotalsLocal Governmental Sources Local Taxes 124,950 Chargeback Revenue - Other -

124,950 Other Sources Investment Revenue - Other -

-

GRAND TOTAL 124,950


Appropriations Totals INSTITUTIONAL SUPPORT Salaries 31,334 Employee Benefits 7,100 Contractual Services Audit Services 105,000 Consultants 7,600 Legal Services - Other -

GRAND TOTAL 151,034

12

BOND AND INTEREST FUND


Revenues Totals

Local Governmental Sources Local Taxes 5,640,180 Other -

5,640,180

Other Sources Investment Revenue 20,000 Other 201,894

221,894





INSTITUTIONAL SUPPORT Contractual Services 10,000 General Materials & Supplies - Debt Service 5,671,456

5,681,456



13

OPERATIONS AND MAINTENANCE FUND - (RESTRICTED)


Revenues Totals

Local Governmental Sources - 2015 Levy 3,469,269

State Governmental Sources -

Federal Governmental Sources -

Other Sources Student Tuition & Fees - Sales & Service Fees - Facilities Revenue - Investment Revenue 40,000 Nongovernmental Gifts, Scholarships, Grants, & Bequests 890,000 Other -

INTERFUND TRANSFERS 2,200,000

Anticipated Bond Proceeds -




INSTITUTIONAL SUPPORT Salaries - Employee Benefits - Contractual Services - General Materials & Supplies - Conferences & Meetings - Fixed Charges - Utilities - Capital Outlay 23,727,050 Other Expenditures - Provision for Contingency -

23,727,050



14

AUXILIARY ENTERPRISES FUND


Revenues Totals

Sales & Service Fee Sources 7,349,646 Investment Revenue Sources - Nongovernmental Gifts, Grants, & Bequests Sources - Other Sources 6,408

7,356,054

INTERFUND TRANSFERS 400,000




STUDENT SERVICES Salaries 2,529,218 Employee Benefits 383,236 Contractual Services 368,996 General Materials & Supplies 4,012,897 Conferences & Meetings 277,511 Fixed Charges 202,800 Utilities 1,896 Capital Outlay - Other 88,167

7,864,721



15

Illinois Central College2016-2017 BudgetExhibit Schedules

GeneralChanges in Tentative Budget to Final Budget - Revenues 16Changes in Tentative Budget to Final Budget - Expenditures 17Combined Budget Statement - Operating Funds 18Financial and Institutional Measures 19Operating Funds - Expenditures Variances By Unit Cost 20Unit Cost compared to HEPI 21Fund Balance Analysis 22

RevenueSummary of Revenues - All Funds 23Summary of Revenues - By Source 24Operating Revenues - By Source 25Operating Funds - Revenue Variances 26Operating Revenues - Trend Analysis 27Revenue Trend Forecast 28

Property Tax FundingTax Levy Analysis 29Property Tax Rates 30Equalized Assessed Valuation 31

Tuition & FeesTuition Forecast 32Tuition per Credit Hour 33Total Credit Hours and Tuition Rate Trend 34

ICCB FundingICCB Funding 35ICCB Grant Funding Analysis 36ICCB Funding Trend 37

ExpendituresSummary of Expenditures - All Funds 38Operating Funds - Expenditures Variances 39Expenditures by Object - Operating Budget 40Expenditures by College System 41

Other Fund Detail/AnalysisSchedule of Debt Service Payments 42Capital Expenditures by Fund and Funding Source 43Capital Projects Summary Expenditure Detail 44Major Project Summary 45Life Safety Project Summary 46Salary Breakdown 47Salaries by Operating Fund Type 48Salaries by Employee Classification 49Health Care Costs 50Total Health Care Cost Comparison 51Health Plan Costs 52Health Plan Comparison 53Utility Expenditure History 54Summary of Ancillary Funds 55Proprietary Fund Types 56Interfund Transfer Summary 57

Illinois Central CollegeChanges in Tentative Budget to Final Budget - Revenues

Operating Funds

2017 2017 Final Tentative %

Budget Budget Difference ChangeOperating Revenue by Source

Local Government:Local Taxes 25,241,202 25,241,202 - 0.00%Chargeback Revenue 5,000 5,000 - 0.00%

TOTAL LOCAL GOVERNMENT 25,246,202 25,246,202 - 0.00%

State Government:ICCB Credit Hour Grants 3,937,500 3,937,500 - 0.00%ICCB Equalization Grants 50,000 50,000 - 0.00%Corporate Personal Property Replacement Taxes 3,175,000 3,175,000 - 0.00%SURS On-behalf-of Payments 15,000,000 15,000,000 - 0.00%Other 401,266 401,266 - 0.00%

TOTAL STATE GOVERNMENT 22,563,766 22,563,766 - 0.00%

Federal Government:Dept. of Education 148,130 148,130 - 0.00%Other - - - 0.00%

TOTAL FEDERAL GOVERNMENT 148,130 148,130 - 0.00%

Student Tuition and Fees:Tuition 24,701,392 25,743,958 (1,042,566) -4.05%Other Student Assessments - - - 0.00%

TOTAL STUDENT TUITION AND FEES 24,701,392 25,743,958 (1,042,566) -4.05%

Other Sources: Sales and Service Fees 250,000 250,000 - 0.00%Facilities Revenue 485,000 485,000 - 0.00%Investment Revenue 185,000 185,000 - 0.00%Nongovernmental Grants 270,000 270,000 - 0.00%Other 245,000 245,000 - 0.00%

- TOTAL OTHER SOURCES 1,435,000 1,435,000 - 0.00%

- TOTAL 2017 BUDGETED REVENUE 74,094,491 75,137,056 (1,042,566) -1.39%

16

Illinois Central CollegeChanges in Tentative Budget to Final Budget - Expenditures

Operating Funds

2017 2017 Final Tentative %

Budget Budget Difference ChangeBY PROGRAM

Instruction 26,098,755 26,299,410 (200,655) -0.76% Academic Support 2,892,700 2,969,721 (77,021) -2.59% Student Services 2,893,108 2,984,156 (91,048) -3.05% Public Service/Continuing Education 338,986 338,986 - 0.00% Operation & Maint. of Plant 8,119,171 8,255,149 (135,978) -1.65% Institutional Support 32,428,050 32,822,152 (394,102) -1.20% Scholarships, Student Grants, and Waivers 1,120,000 1,120,000 - -

73,890,770 74,789,574 (898,804) -1.20%

INTERFUND TRANSFERS 2,950,000 1,025,000 1,925,000 187.80%

TOTAL 2017 BUDGETED EXPENDITURES 76,840,770 75,814,574 1,026,196 1.35%

BY OBJECT

Salaries 36,915,230 37,361,329 (446,099) -1.19% Employee Benefits 22,648,645 22,960,961 (312,316) -1.36% Contractual Services 2,230,681 2,245,681 (15,000) -0.67% General Materials & Supplies 3,412,255 3,412,255 - 0.00% Conferences & Meetings 435,548 435,548 - 0.00% Fixed Charges 2,622,928 2,693,317 (70,389) -2.61% Utilities 2,015,164 2,015,164 - 0.00% Capital Outlay 525,589 580,589 (55,000) -9.47% Scholarships & Waivers 1,120,000 1,120,000 - 0.00% Other 1,964,730 1,964,730 - 0.00% 73,890,770 74,789,574 (898,804) -1.20%

INTERFUND TRANSFERS 2,950,000 1,025,000 1,925,000 187.80%

TOTAL 2017 BUDGETED EXPENDITURES 76,840,770 75,814,574 1,026,196 1.35%

17

Illinois Central College District 514Combined Budget Statement

Operating Funds

2016 2017 Unaudited 2015

Budget Budget Actual ActualREVENUES Local governmental sources taxes Local real estate taxes 25,241,202 22,753,266 22,763,954 22,721,143 Personal property replacement 3,175,000 3,175,000 2,882,016 3,148,066

28,416,202 25,928,266 25,645,970 25,869,209 Intermediate sources Tuition & fees 24,701,392 24,733,787 24,697,457 23,759,642

State governmental sources State apportionment Credit hour grant 3,937,500 5,250,000 1,384,736 5,243,865 Equalization grant 50,000 50,000 50,000 806,639 Other ICCB grants - 84,400 - - SURS On-behalf-of Payments 15,000,000 12,900,000 15,000,000 15,036,143 Board of Vocational & Tech. Educ. 401,266 401,266 - 418,530

19,388,766 18,685,666 16,434,736 21,505,177

Facilities rental 485,000 485,000 493,013 - Interest on investments 185,000 185,000 125,610 96,698 Day Care/Dental Hygiene 250,000 250,000 202,175 - Department of Education 148,130 148,130 16,028 - Other 515,000 515,000 127,939 888,977

Total Revenues 74,089,491 70,930,849 67,742,928 72,119,703

EXPENDITURES Instruction 26,098,755 26,179,596 25,135,233 25,338,383 Academic Support 2,892,700 2,967,049 2,728,163 2,500,598 Student Services 2,893,108 2,915,767 2,510,378 2,781,221 Public Services 338,986 400,077 359,111 328,154 Facilities Services 8,119,171 8,228,672 7,719,537 8,961,511 Institutional Support 32,428,050 30,008,520 30,955,466 31,145,886 Student Aid 1,120,000 1,080,000 1,029,564 947,096 Budgeted Unexpended Appropriations (850,000) (850,000) - -

Total Expenditures 73,040,770 70,929,681 70,437,452 72,002,849

Operating income (loss) 1,048,721 1,168 (2,694,524) 116,854

Bond Proceeds - - - - Transfers (2,950,000) (1,075,000) (1,049,383) (4,064,575)

Net (decrease) in fund balance (1,901,279) (1,073,832) (3,743,907) (3,947,721)

Fund Balance, Beginning 19,837,045 23,819,348 23,580,952 27,528,673

Fund Balance, Ending 17,935,766 22,745,516 19,837,045 23,580,952

18

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ual

Un

aud

ited

Bu

dge

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lan

Pla

n

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

Revenue

Fis

cal Y

ear

Illin

ois

Cen

tral

Col

lege

Rev

enu

e T

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28

Illinois Central CollegeTax Levy Analysis

2017 Budget

FY 2017 FY 2016 Variance2015 Extension 2014 Extension Dollar Percent

Tax ExtensionsOperating

Education Fund 13,967,875$ 13,590,883$ 376,992$ 2.8%Operations & Maintenance 3,495,485 3,401,142 94,343 2.8%Educational Purposes 3,235,258 1,231,802 2,003,456 162.6%

Total Operating Funds 20,698,618 18,223,827 2,474,791 13.6%

AncillaryTort Liability 4,205,835 4,181,284 24,551 0.6%Workers' Compensation 478,256 479,034 (778) -0.2%Unemployment Compensation 49,232 41,060 8,172 19.9%Audit 125,894 150,554 (24,660) -16.4%

Total Ancillary 4,859,217 4,851,932 7,285 0.2%

Life Safety 3,495,485 3,401,142 94,343 2.8%

Funding Bonds 5,682,801 5,399,399 283,402 5.2%

Prior Year Adjustment - - - N/A

Total 34,736,122$ 31,876,300$ 2,859,822$ 9.0%

Assessed Valuation 7,033,169,721$ 6,844,886,196$ 188,283,525$ 2.8%

Tax RatesOperating

Education Fund 0.1986 0.1986 - 0.0%Operations & Maintenance 0.0497 0.0497 - 0.0%Educational Purposes 0.0460 0.0180 0.0280 155.6%

Total Operating Funds 0.2943 0.2663 0.0280 10.5%

AncillaryTort Liability 0.0598 0.0611 (0.0013) -2.1%Workers' Compensation 0.0068 0.0070 (0.0002) -2.9%Unemployment Compensation 0.0007 0.0006 0.0001 16.7%Audit 0.0018 0.0022 (0.0004) -18.6%

Total Ancillary 0.0691 0.0709 (0.0018) -2.6%

Life Safety 0.0497 0.0497 - 0.0%

Funding Bonds 0.0808 0.0789 0.0019 2.4%

Total 0.4939 0.4658 0.0281 6.0%

* Normal Collection Loss Percentage of .75%

29

Ope

ratin

g Fu

nds

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ort L

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%

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e Sa

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%

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per

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ax R

ates

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34

Illinois Central College ICCB Funding 2017Budget 2016 - 2017

Fiscal Year Fiscal Year Increase /

2016 - 2017 2015 - 2016 (Decrease) Percent

Base Operating GrantsCredit Hour Grant 3,937,500 5,250,000 (1,312,500) -25.0%

Equalization 50,000 50,000 - 0.0%

Student Success GrantsEmerging Leaders - - - 0.0%Veteran's Grant - 84,400 (84,400) N/A

- 84,400 (84,400) -100.0%

3,987,500 5,384,400 (1,396,900) -25.9%

35

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43

Illinois Central CollegeCapital Projects Summary

Expenditure Detail2016 - 2017 Budget

Project Description Totals

General Building & Remodeling ProjectsMiscellaneous Projects 200,000

200,000

Life Safety Projects - 2017 East Peoria Campus

Roof Replacement Main Campus Phase 5 483,400 Academic Building HVAC Replacement 1,597,000 Academic Building ADA Restroom Remodel 296,874 Science Lab Renovation Phase 10 262,618 Greenhouse Repair 75,000 Dynamometer Relocation 50,000

North CampusGenerator Phase 2 726,000

3,490,892

Life Safety Projects - Carryover East Peoria Campus

Academic Building ADA Restroom Remodel 75,000 75,000

2017 Bond Projects, including Foundation and Local SupportEast Peoria Campus

Sustainability Center 1,340,000 North Campus

Arbor South Dental 2,568,500 Cedar/Birch Hall Renovation 11,638,436 Elm Hall - Student Center 4,414,222

19,961,158

Total Expenditures 23,727,050

44

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51

Illinois Central College Health Plan Costs

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$400,000

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Stop Loss Cost

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$5,000,000

$6,000,000

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$340,000

$350,000

$360,000

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$380,000

$390,000

$400,000


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57

Documents

Illinois Central College District 514 East Peoria ... · 2016-2017 Budget Exhibit Schedules General Changes in Tentative Budget to Final Budget - Revenues 16 Changes in Tentative