`

Summary Operating Statements

For the Period

September 1, 2013 - May 31, 2014

For the Meeting of the Board of Trustees - June 19, 2014

forHouston Community College System

&

Houston Community College Public Facility Corporation

Memorandum Management Discussion & Analysis i

Fund Balances Fund Balance Statement 1

Operating Summary HCCS Unrestricted Revenue & Expenditures 2

Auxiliary Sources and Uses of Auxiliary Funds 3

Balance Sheet Balance Sheet by Fund 6

Budgets Adjusted Budgets by Division 7

Exemptions/Waivers Exemptions & Waivers Detail 8

Table of ContentsFor the Period September 1, 2013 - May 31, 2014

For the Meeting of the Board of Trustees

Houston Community College System

Managements Discussion and AnalysisThru May 31, 2014

Revenues

Expenditures

Total Salaries are $126,825,237 year-to-date, 4% above the previous year, namely due to the 3% annual salary increases. Salary expense at year-end is expected to increase by $1.5M due to changes in TRS guidelines. Total salaries at year end are expected to be $169,920,916.

Contracted services year-to-date totaled $16,575,677, 10.4% above the previous year. The increase is namely due to an increase in janitorial, security and facility maintenance. Additional IT projects also contributed to the increase. Total Contracted Services at year-end are expected to be $26,691,552.

i

Athletic Field Project - In April 2012, the Board approved approximately $4.1M in Auxiliary funds for athletic fields. This amount has been set aside from the Auxiliary Fund Balance.

Tuition & Fee-Extended Learning receipts totaled $6,090,932 year to date, 3.6% above last year. Total tuition and fees-Extended Learning at fiscal year end are expected to be $6,565,665.

Total revenue collections, net of exemptions and waivers, totaled $269,459,286 year-to-date. Total revenue received at fiscal year-end is expected to be $293,196,587; which is 2.3% above budget plan.

Benefits costs totaled $13,837,703 year-to-date, 2.5% above last year. This increase is due namely to the reduction in the state's contribution to TRS and ORP and an increase in health insurance premiums. Due to TRS rule changes, benefits at year-end are expected to increase by $1.5M. Total benefits at fiscal year end are expected to be $19,496,331.

Total revenues and expenditures by expense type for the Operating Fund for 2013-2014 are reported on page one. Highlights of financial activities year-to-date are as follows:

State Appropriations received year to date totaled $49,494,917, 1.9% below last year. The reduction is namely due to one-time funding issued to community colleges for the previous biennium. Under Article IX, the state provided this supplemental funding in the prior biennium of $1.4M per year. The state adopted a new funding formula during the 83rd Legislative Session; 10% of appropriations will be based on student success points and must be earned. However, for the first biennium, the state waived the use of the formula and will grant each community college full funding. Total biennium funding was reduced by 1.5% compared to the previous biennium. Total appropriations received are expected to be $69,202,364.

Ad Valorem Tax collections totaled $110,727,935 year-to-date. The tax rate for FY 2014 remains the same as the prior year tax rate at $0.097173. However, the tax rate applied to operations decreased proportionally this year due to the increase in the tax rate related to debt service. Tax revenue generated by the applied tax rate is trending higher than budget plan by approximately 8% due to higher than anticipated increases in property valuations within the taxing district. We project that the total tax revenue for the fiscal year will be $112,151.493.

Tuition and Fees net revenue year to date totaled $100,858,389 which is 1.5% lower than the same time last year. Fall 2013 enrollment decreased 1.2%; SCH -1.1%, and Spring 2014 enrollment is down 3.4%; SCH -1.9% to-date compared to last year. We are projecting tuition and fee revenue to be $102,409,606 at fiscal year-end; 3.7% below budget plan.

Managements Discussion and AnalysisThru May 31, 2014

Budget Priorities funding allocated for the year are detailed below through May 31, 2014.

Budget Commitments/ Priority Funding

Expense:

Position Management

New Funding Requests1

Increase in FT Faculty to Meet SACS RequirementQEP Additional FundingInvestment in Retention and CompletionFaculty Compensation Committee RequestPolice Staffing ($6.6M over 5 years)Security Upgrades ($4M over 4 years)Designated Fund Balance TransferOther

Total Budget Commitments/Priorities

Instructional & Other Materials year-to date totaled $5,804,555, 27.4% above last fiscal year. IT upgrades and additional software contributed to the increase. Expenses in this area are expected to be $9,368,610 at year end.

Total operating fund expenditures year-to-date total $216,487,856. We are projecting expenditures to be $302,937,280 at fiscal year end.

Budget

2,374,415$

5,535,476 1,300,000

125,000 2,500,000

ii

-

1Items requested during the budget planning process for new funding (i.e. Equipment, personnel, adjunct faculty funding, etc.)

527,000 1,320,000 1,000,000

49,500

14,731,391$

Unrestricted Restricted Auxiliary1Loan &

Endowments Scholarship Agency Unexpended Plant7 Retire of Debt Invest in Plant PFC Grand Total

Fund Balance as of 9/1/2013, Audited $ 89,452,802 $ 8,722,535 $ 9,026,196 $ 509,932 $ 705,617 $ (59,611) $ 3,149,255 $ 9,482,219 $ 224,400,116 $ (6,325,820) $ 339,063,240

Revenue2 269,459,286 23,910,417 13,935,053 - 93,571,652 10 2,994,822 34,058,797 2,050,009 4,084 439,984,130

Expenses

Salaries 126,825,237 4,835,040 5,392,923 - 1,184,493 - 162,906 - - - 138,400,600

Employee Benefits 13,837,703 10,294,288 1,039,943 - - - 35,881 - - - 25,207,814

Supplies & General Exp 3,592,947 214,632 717,879 - - - 30,302 - - - 4,555,760

Travel 719,778 145,483 164,213 - - - - - - - 1,029,474

Marketing Costs 775,050 25,210 29,588 - - - 1,300 - - - 831,149

Rentals & Leases 1,880,266 84,385 47,040 - - - 2,361 - - - 2,014,051

Insurance/Risk Mgmt 6,462,004 5,500 3,854 - - - - - - - 6,471,358

Contracted Services 16,575,677 3,236,960 1,301,584 - - - 292,423 221,609 - - 21,628,254

Utilities 5,369,014 - 330,239 - - - - - - - 5,699,253

Other Departmental Expenses31,876,763 58,677 3,927,917 - - - - - - - 5,863,358

Instructional and Other Materials4 & 55,804,555 197,355 193,934 - - - 186,897 - - - 6,382,742

Maintenance and Repair 997,793 432,500 10,668 - 251,135 - 150,266 - - - 1,842,362

Transfers In/Out626,660,584 - 4,095,000 - (2,940,387) - 4,439,193 (32,254,390) - - (0)

Debt 92,718 - - - - - 468,995 55,710,726 - 3,076,987 59,349,425

Capital Outlay 5,017,767 401,047 25,227 - - - 67,826,183 - - 152,607 73,422,832

Depreciation - - - - - - - - 14,330,199 - 14,330,199

Scholarship Distribution 95,498,087 95,498,087

Total Expenses 216,487,856 19,931,077 17,280,009 - 93,993,329 - 73,596,708 23,677,945 14,330,199 3,229,594 462,526,716

Net of Revenue/Expenses 52,971,430 3,979,340 (3,344,956) - (421,677) 10 (70,601,885) 10,380,852 (12,280,190) (3,225,510) (22,542,587)

Fund Balance Entries (534,916) (148,343) 74,925,012 19,685,233 93,926,986

Debt Funded -

Fund Balance as of 05/31/2014 141,889,316$ 12,701,875$ 5,681,240$ 509,932$ 135,597$ (59,601)$ 7,472,382$ 19,863,071$ 231,805,159$ (9,551,330)$ 410,447,639$

1 Inculdes Foundation expenses of approx. $1.6M (since inception) supplemental funding approved by the Board.

2 Revenue in Unrestricted Fund is shown net of Exemptions/Waivers, namely $6.5M for Dept. of Corrections & Dual Credit waivers.

3 Institution-wide is inclusive of colleges and/or system administration expenditure (ie. Accredition fees, Graduation Expense, Elections Expense).4 Expenses of $5,804,555 in the Unrestricted Fund includes, not limited to, classroom materials such as workbooks, textbooks, music supplies, physical education supplies, art materials

and the maintenance of theses instructional materials/equipment. 5 Expenditures of $179,217 in the Auxiliary category is attributed to NEO Café.6 Items in this category include all student revenue bond payments, transfers for scholarship matching funds,

and transfers to the Unexpended Plant Fund.7 Items in this category are funded through Bonds.

*HCC has adopted and adheres to GASB 34(1999) , GASB 54(2010) and OMB 134(1993). The college has received unqualified audit opinions since the adoption of each.

Funds

Operating Statement - Unaudited Fund Balances (Across all Funds)

as of May 31, 2014

1

FY2013 Actuals FY2014 Budget

Year-to-Date

Actuals Thru May

31, 2014

Actuals as a

% of Budget Unrealized Budget

Year-to-Date

Actuals Thru May

31, 2013

2013-2014

Inc/(Dec) vs. 2012-

2013

Actuals %

Inc/(Dec)YTD

vs. PriorYTD

Projected Actuals

@ 8/31/2014

Projected 2013-

2014 Inc/(Dec) vs.

Budget

Projected

2013-2014

Inc/(Dec) vs.

Adj Budget %

REVENUES

State Appropriations 70,014,003$ 69,202,364$ 49,494,917$ 71.5% 19,707,447$ 50,459,091$ (964,174)$ -1.91% 69,202,364 - 0.00%Ad Valorem Taxes 106,097,476 101,478,107 110,727,935 109.1% (9,249,828) 103,556,327 7,171,608 6.93% 112,151,493 10,673,386 10.52%Tuition, Net 40,063,500 41,453,277 38,701,781 93.4% 2,751,496 39,639,661 (937,880) -2.37% 39,134,179 (2,319,098) -5.59%

Fees1 63,996,717 64,922,582 62,156,607 95.7% 2,765,975 62,788,281 (631,674) -1.01% 63,275,428 (1,647,154) -2.54%

Other Local Income2 2,184,999 2,543,140 1,803,852 70.9% 739,288 1,724,272 79,579 4.62% 2,247,796 (295,344) -11.61%Tuition & Fee, Net

-- Extended Learning6,400,587 6,565,665 6,090,932 92.8% 474,733 5,877,199 213,733 3.64% 6,565,665 0 0.00%

Grant Revenue 517,655 434,410 483,261 111.2% (48,851) 379,224 104,037 27.43% 619,663 185,253 42.64%Total Revenues 289,274,937 286,599,545 269,459,286 94.0% 17,140,259 264,424,056 5,035,230 1.90% 293,196,587 6,597,042 2.30%

Assigned Fund Balance Transfers In3

Assigned Fund Balance Transfers In3 - 14,731,391 - 0.0% 14,731,391 - - 0.00% 14,731,391 - 0.00%FY2013 Purchase Order Rolls - 6,772,578 - 0.0% 6,772,578 - - 0.00% 6,772,578 - 0.00%

Total Assigned FB Transfers In - 21,503,969 - - 21,503,969 - - - 21,503,969 - - Total Revenues Plus Assigned FB Transfer In 289,274,937$ 308,103,514$ 269,459,286$ 87.5% 38,644,228$ 264,424,056$ 5,035,230$ 1.90% 314,700,556$ 6,597,042$ 2.14%

EXPENSES

Salaries 158,833,961 174,001,463 126,825,237 72.9% 47,176,226 121,932,790 4,892,447 4.01% 169,920,916 (4,080,547) -2.35%Employee Benefits 18,704,344 18,152,880 13,837,703 76.2% 4,315,177 13,499,589 338,114 2.50% 19,496,331 1,343,451 7.40%Supplies Gen Exp 5,216,679 6,220,338 3,592,947 57.8% 2,627,390 3,660,611 (67,664) -1.85% 5,737,537 (482,800) -7.76%Travel 883,137 1,271,172 719,778 56.6% 551,394 634,105 85,673 13.51% 1,125,991 (145,181) -11.42%Marketing Costs 1,350,751 1,286,782 775,050 60.2% 511,732 907,883 (132,832) -14.63% 1,286,782 - 0.00%Rental & Leases 2,234,487 2,997,527 1,880,266 62.7% 1,117,261 1,734,546 145,720 8.40% 2,997,527 - 0.00%Insurance/Risk Mgmt 6,521,682 7,052,698 6,462,004 91.6% 590,694 6,519,144 (57,140) -0.88% 7,052,698 - 0.00%

Contract Services4 21,328,764 26,691,552 16,575,677 62.1% 10,115,875 15,014,072 1,561,605 10.40% 26,691,552 - 0.00%Utilities 8,414,469 11,369,205 5,369,014 47.2% 6,000,191 5,880,346 (511,332) -8.70% 10,271,465 (1,097,741) -9.66%

Other Departmental Expenses5 1,799,321 2,509,576 1,876,763 74.8% 632,813 1,430,302 446,461 31.21% 2,509,576 - 0.00%Instructional & Other Materials 6,263,298 9,403,646 5,804,555 61.7% 3,599,091 4,558,092 1,246,463 27.35% 9,368,610 (35,036) -0.37%Maintenance & Repair 1,082,934 1,867,759 997,793 53.4% 869,966 453,380 544,413 120.08% 1,867,759 - 0.00%Transfers/Debt 33,095,470 30,747,366 26,753,301 87.0% 3,994,065 27,756,872 (1,003,571) -3.62% 30,747,366 - 0.00%Budget Commitments - 3,255,949 - 0.0% 3,255,949 - - 0.00% 2,817,462 (438,487) -13.47%Capital Outlay 4,451,702 11,275,602 5,017,767 44.5% 6,257,834 2,398,636 2,619,132 109.19% 11,045,708 (229,894) -2.04%

Total Expenses 270,180,997$ 308,103,514$ 216,487,856$ 70.3% 91,615,658$ 206,380,368$ 10,107,488 4.90% 302,937,280 (5,166,234) -1.68%NET REVENUE Incr/(Decr) Vs EXPENSES 19,093,940$ 52,971,430$ 58,043,688$ (9,740,692)$ 11,763,277$

1 Fees charged to student include: Out-of-District fees, Technology fees, lab fees, etc.2 Includes interest & dividends income, fines & penalties and parking fines3 Planned Fund Balance transfer and additional budget commitments related to Student Services & Instruction

as approved by the Board during the budget process.4 Contracted Services includes consulting, auditing and maintenance & ground services.5 Institution-wide is inclusive of colleges and/or system administration expenditure (ie. Accreditation fees,

Graduation Expense, Elections Expense).

HOUSTON COMMUNITY COLLEGE2013-2014 Budget vs. Actuals

as of May 31, 2014

HCCS CURRENT UNRESTRICTED

2

3101-3100

Main Leasing

3104 - Minority

Business

Development

Agency Misc. Auxiliary2 Foundation3 Marketing

Bookstore

Commission

Total Auxiliary

(3110)

3111

International

Student

Services4

3201

Cafe Club NEO

3100 Main

Subtotal

18,607,266$ -$ (13,197,204)$ (1,458,032)$ (16,170,934)$ 20,828,597$ (9,997,573)$ (1,160,839)$ (1,435,926)$ 6,012,927$

FY2013 Revenue 3,961,385 14,250 377,716 - - 1,938,886 2,316,602 - 381,788 6,674,025

Salaries 227,764 480,099 63,658 543,757 232,583 204,278 1,208,382

Benefits 61,166 116,940 12,582 129,522 55,064 51,162 296,914

Supplies Gen Exp 30,902 71,003 8,396 79,399 11,774 122,075

Travel 5,231 4,545 9,776 23,388 33,164

Marketing Costs 29,588 29,588 29,588

Rental & Leases 2,674 31,575 31,575 700 34,949

Contract Services 668,973 238,828 63,279 302,107 823 971,903

Utilities 328,188 - 2,051 330,239

Departmental Expenses 1,500 318,287 7,429 3,484,071 3,809,787 19,556 3,830,843

Instructional & Other

Materials

600 14,118 14,118 179,217 193,934

Maintenance & Repair 3,062 508 508 7,087 10,658

Insurance/Risk Mgmt 28 28 130 158

Exemptions and Waivers 2,065 2,065 2,065

Transfer/Debt5 4,101,005 - 4,101,005

Capital Outlay 2,582 16,640 16,640 19,222

Total Expense 5,428,417 - 1,310,794 174,005 - 4,968,871 330,721 457,093 11,185,101

Contribution to Fund Balance (1,467,032) 14,250 (933,078) (174,005) (3,484,071) 1,938,886 (2,652,269) (330,721) (75,305) (4,511,075)

17,140,234$ 14,250$ (14,130,282)$ (1,632,038)$ (19,655,005)$ 22,767,483$ (12,649,842)$ (1,491,560)$ (1,511,231)$ 1,501,851$

1 Restricted by limitations; must comply with laws, statutes and regulations.2 Common Area - Expenditures in this category include mailroom, child day care, Minority Male Initiative, Govt. Relation, Mobile Go, etc.3 Approx. $1.6M (since inception) supplemental funding, approved by the Board. Return on Investment (ROI) is approximately 3:1.4 Activity in this fund is related to International Student Support.5 In April 2012 the Board approved approx. $4.1M in auxiliary funds for athletic fields.

HOUSTON COMMUNITY COLLEGE SYSTEMAuxiliary Budget By Fund

as of May 31, 2014

Net Assigned Fund Balance

as of 03/31/12

Assigned Fund Balance at

August 31, 2013

3

Auxiliary Funds1

3110

HOUSTON COMMUNITY COLLEGE SYSTEMAuxiliary Budget By Fund

as of May 31, 2014

3207

Saigon Tech2

3208

Saudi Consulting

Services3

3209

Qatar

3210

International

Initiatives Subtotal

257,633$ 155,804$ 880,316$ (92,954)$ 1,200,800$

FY2013 Revenue 23,333 - 5,192,032 - 5,215,365

Salaries 1,200 3,987,849 3,989,049

Benefits 711,157 711,157

Supplies Gen Exp 279 6,987 7,266

Travel 3,075 17,327 20,402

Marketing Costs -

Rental & Leases -

Contract Services 105,000 105,000

Utilities -

Departmental

Expenses

9,983 9,983

Instructional &

Other Materials

-

Maintenance &

Repair

-

Insurance/Risk

Mgmt

-

Exemptions and

Waivers

-

Transfer -

Capital Outlay -

Total Expense 4,554 - 4,838,303 - 4,842,857

Contribution to Fund Balance 18,779 - 353,729 - 372,507

276,412$ 155,804$ 1,234,045$ (92,954)$ 1,573,308$ 1 Restricted by limitations; must comply with laws, statutes and regulations.2 Revenue is associated with Saigon Tech3 Fund Balance is comprised of Settlements from NCAAA Contract & Education Experts Co.

Assigned Fund Balance at

August 31, 2013

Net Assigned Fund Balance

as of 03/31/12

4

Auxiliary Funds1

HOUSTON COMMUNITY COLLEGE SYSTEMAuxiliary Budget By Fund

as of May 31, 2014

3110

Student Vending

Commission

3111

Student Activity Fee

3112

Student Athletic FeeSubtotal Grand Total

Committed Fund Balance at 8/31/13 291,716$ 841,357$ 679,397$ 1,812,469$ 9,026,196$

FY2013 Revenue 122,087 1,077,370 864,016 2,063,473 13,952,863

Salaries 10,200 39,650 145,642 195,492 5,392,923

Benefits 373 31,498 31,871 1,039,943

Supplies Gen Exp 76,471 454,628 57,439 588,538 717,879

Travel 877 78,535 31,235 110,646 164,213

Marketing Costs - 29,588

Rental & Leases 12,090 12,090 47,040

Contract Services 2,616 96,953 125,111 224,680 1,301,584

Utilities - 330,239

Departmental

Expenses

18,462 33,189 35,440 87,091 3,927,917

Instructional &

Other Materials

- 193,934

Maintenance &

Repair

10 10 10,668

Insurance - Risk

Mgmt

1,967 1,729 3,696 3,854

Exemptions and

Waivers

15,434 312 15,746 17,811

Transfer - 4,101,005

Capital Outlay - 19,222

Total Expense 108,626 720,730 440,506 1,269,861 17,297,819

Contribution to Fund Balance 13,462 356,640 423,510 793,612 (3,344,956)

305,177$ 1,197,997$ 1,102,907$ 2,606,081$ 5,681,240$

1 Funds are committed for services related to students

5

Student Auxiliary Funds - Committed1

Net Committed Fund Balance

as of 03/31/12

CURRENT &

LOAN FUNDS1

PLANT & BOND

FUNDS2 Total All Funds

ASSETSCurrent Assets:

Cash & cash equivalents 130,926,582$ 26,909,373$ 157,835,956$ Restricted cash & cash equivalents 13,183,685 - 13,183,685 Short term Investments - - - Accounts/Other receivable (net) 19,547,088 1,742,556 21,289,644 Deferred charges 742,835 - 742,835 Prepaids 74,846 881,112 955,958

Total Current Assets 164,475,037 29,533,042 194,008,079

Non-current Assets:Restricted cash & cash equivalents - 380,333,320 380,333,320 Restricted long-term investments - 54,924,281 54,924,281 Long-term investments 8,227,224 - 8,227,224 Capital Assets, net - 832,717,635 832,717,635

Total Non-current Assets 8,227,224 1,267,975,237 1,276,202,461

Total Assets 172,702,261$ 1,297,508,278$ 1,470,210,539$

LIABILITIESCurrent Liabilities:

Accounts payable 3,244,158 13,081 3,257,239

Accrued liabilities 700,859 24,649 725,508 Compensated absences 2,261,499 - 2,261,499 Funds held for others 790,893 189,209 980,102 Deferred revenue 4,846,496 300,071 5,146,567 Notes payable-current portion - - - Bonds payable-current portion - - - Capital lease obligations-current - - -

Total Current Liabilities 11,843,904 527,010 12,370,915

Non-current Liabilities:Deposits - - - Notes payable - 169,521,888 169,521,888 Bonds payable - 766,123,043 766,123,043 Capital lease obligations - 102,195,726 102,195,726

Total Non-current Liabilities - 1,037,840,657 1,037,840,657

Total Liabilities 11,843,904$ 1,038,367,667$ 1,050,211,571$

Fund Balance-

August 31, 2013 Audited 108,357,470 237,031,590 345,389,060

Revenues Over Expenditures Unrestricted 49,091,556 49,091,556 Restricted 3,409,330 3,409,330 Net Investment in Plant 22,109,023 22,109,023

Total Fund Balances, Unaudited 160,858,356$ 259,140,613$ 419,998,969$

Total Liabilities & Fund Balances 172,702,260$ 1,297,508,280$ 1,470,210,539$

1 I ncludes Unrestricted, Restricted, Loan & Endowment, Scholarship, Agency and Auxiliary Funds.2 Includes Unexpended Plant, Retirement of Debt and Investment in Plant Funds.

Houston Community CollegeBalance Sheet By Fund

For Month Ended May 31, 2014

6

as of May 31, 2014

TM CENTRAL NORTH

WEST

NORTH

EAST

SOUTH

WEST SOUTH EAST COLEMAN

EXTENDED

LEARNING SYSTEM Grand Total

Salaries 23,994,401$ 24,768,980$ 18,981,027$ 26,685,858$ 15,383,043$ 11,220,665$ 10,513,874$ 42,453,615$ 174,001,463$

Employee Benefits - - - - - - - 18,152,880 18,152,880

Supplies & Gen 365,737 446,505 232,887 330,509 261,967 340,416 186,109 4,056,236 6,220,367

Travel 125,664 146,238 32,324 72,703 51,522 141,117 69,540 632,064 1,271,172

Marketing Costs 37,839 43,915 62,649 35,139 91,469 43,323 163,836 808,612 1,286,782

Rentals & Leases 7,477 143,330 967,164 534,591 80,752 469,051 26,373 770,843 2,999,581

Insurance/Risk Mgmt 906 406 50 462 - - - 7,050,874 7,052,698

Contracted Services 319,082 307,377 84,774 58,902 119,639 306,024 21,192 25,732,235 26,949,225

Utilities 5,025 68 4,600 1,590 - - - 11,357,922 11,369,205

Other Departmental Expenses 86,576 60,300 40,073 42,086 57,138 113,015 34,617 2,075,771 2,509,576

Instructional and Other Materials 481,425 250,953 152,409 248,964 173,417 394,440 483,297 8,453,544 10,638,448

Maintenance and Repair 190,543 49,741 37,862 58,457 42,072 90,776 116,953 1,281,355 1,867,759

Transfers/Debt - 860,561 5,637,942 1,200,000 - - - 23,048,863 30,747,366

Budget Commitments/Priority Funding 7,199 8,065 35,850 35,452 24,092 13,177 - 1,609,247 1,733,082

Capital Outlay 488,437 836,132 67,646 307,544 127,452 522,090 157,995 8,796,613 11,303,910

Grand Total 26,110,311$ 27,922,572$ 26,337,257$ 29,612,257$ 16,412,563$ 13,654,094$ 11,773,786$ 156,280,674$ 308,103,514$

HOUSTON COMMUNITY COLLEGEFY 2013-14 Adjusted Budget by Colleges

7

FY 2012-13 FY 2013-14

Budget:

Adjusted Budget FY 2013-14, Net 41,453,277$

Revenues Received:

Tuition 46,926,645 46,291,291 45,613,287

Waivers & Exemptions:

Dual Credit (4,877,897) (4,726,200) (4,852,869)

Other (1,985,247) (1,925,429) (2,058,637)

Total Waivers & Exemptions (6,863,144) (6,651,629) (6,911,506)

Total Tuition Revenue, Net 40,063,501$ 39,639,662$ 38,701,781$

Budget:

Budget FY 2013-14, Net 6,565,665$

Revenues Received:

Tuition 8,677,989 7,768,165 7,758,393

Waivers & Exemptions:

Corrections (2,277,402) (1,890,966) (1,667,461)

Total EL Tuition Revenue, Net 6,400,587$ 5,877,199$ 6,090,932$

FY 2012-13 FY 2013-14

Dept of Corrections 2,277,402$ 1,890,966$ 1,667,461$ -11.82%

Dual Credit Waiver 4,877,897 4,726,200 4,852,869 2.68%

Other:

Employee Fee Exemptions 70,071 67,293 66,565 -1.08%

Firemen 25,475 25,382 22,833 -10.04%

Hazelwood 1,266,190 1,228,103 1,395,965 13.67%

Deaf & Blind 258,017 255,379 202,261 -20.80%

High Ranking Hi SCH Grad 2,418 2,418 1,240 -48.72%

Child of Disabled Vet ETC 1,686 3,519 285 -91.90%

Emp of State Coll & Univ 319 319 - 0.00%

Nonres Teach/Research Asst 10,443 10,443 6,638 -36.44%

Nonres Competitive Scholar 2,301 2,301 11,346 393.09%

Senior Citizens 15,857 15,090 15,625 3.55%

Misc Tuition/Fees Waivers - - 6,576 0.00%

Scholarship Distribution - - 10,000 0.00%

Apprenticeship Waivers - (38) - -100.00%

Refugee Waiver - (162) 183 -212.96%

Foster Children-Resident 304,145 300,257 296,404 -1.28%

Undocumented Students - - 11,383 0.00%

TX Tomorrow Waiver - - 2,558 0.00%

Surviving Spouse/Children - - 2,120 0.00%

Peace Officer Exemption 14,275 14,275 3,656 -74.39%

Stipends 14,050 850 3,000 0.00%

Total Other Exemptions 1,985,247 1,925,429 2,058,637 6.92%

Grand Total Exemptions & Waivers 9,140,546$ 8,542,595$ 8,578,967$ 0.43%

8

Exemptions & Waivers

Thur May 31, 2014

Account

End of Year

Activity

Year-to-Date

Activity thru

05/31/2013

Year-to-Date

Activity thru

05/31/2014

Tuition

Tuition - Extended Learning

Exemptions & Waivers

End of Year

Activity

Year-to-Date

Activity thru

05/31/2013

Year-to-Date

Activity thru

05/31/2014

Actuals %

Inc/(Dec)YTD

vs. PriorYTD