HCC Financial Report July

1. Summary Operating Statements
For the Period
September 1, 2013 ‐ July 31, 2014
For the Meeting of the Board of Trustees ‐ August 14, 2014
for
Houston Community College System
&
Houston Community College Public Facility Corporation

2. Table of Contents
For the Period September 1, 2013 ‐ July 31, 2014
For the Meeting of the Board of Trustees
Houston Community College System
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

3. Managements Discussion and Analysis
Thru July, 31, 2014
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:
Revenues




State Appropriations received year to date totaled $62,633,215, 1.4% 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 $111,653,747 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 $102,478,368 which is 2.5% lower than the same time last year.
Fall 2013 enrollment decreased 1.2%; SCH ‐1.1%, Spring 2014 enrollment is down 3.4%; SCH ‐1.9% to‐date, and
Summer 2014 enrollment increased 3%, SCH +2.7% compared to last year. We are projecting tuition and fee
revenue to be $101,406,509 at fiscal year‐end; 4.7% below budget plan.
Expenditures




Tuition & Fee‐Extended Learning receipts totaled $6,730,197 year to date, 5.6% above last year. Total tuition and
fees‐Extended Learning at fiscal year end are expected to be $6,857,003.
Total revenue collections, net of exemptions and waivers, totaled $286,180,545 year‐to‐date. Total revenue received
at fiscal year‐end is expected to be $292,541,113; which is 2.1% above budget plan.
Total Salaries are $153,240,780 year‐to‐date, 3% 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 $165,875,797.
Benefits costs totaled $16,915,759 year‐to‐date, 14.7% 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
$21,065,193.
Contracted services year‐to‐date totaled $20,867,637, 13.9% 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 $25,801,825.
Other Departmental expenses totaled $2,142,435 year‐to‐date, 26.3% above last year. The increase is mainly due to
election expenses incurred and pinning ceremony expenses for Health Sciences. Total expenses in this category are
expected to be $$2,536,185 at year end.
i

4. Managements Discussion and Analysis
Thru July, 31, 2014



Instructional & Other Materials year‐to date totaled $6,853,993, 25.8% above last fiscal year. IT upgrades and
additional software purchases contributed to the increase. Expenses in this area are expected to be $8,201,561 at
year end.
Maintenance & Repairs expenses totaled $1,295,070 year‐to‐date, which is 91% above the previous year. The
increase is namely due to an increase in building maintenance projects completed in the fiscal year. Total expenses
at year end are projected to be $1,783,152.
Capital Outlay expenses totaled $6,228,958 year‐to‐date, 102% above last year. Building improvements and IT
equipment purchases contributed to the increase. Total expenses for the year are expected to be within budget at
$8,974,769.
Total operating fund expenditures year‐to‐date total $259,165,045. We are projecting expenditures to be
$291,505,224 at fiscal year end.

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.
 Budget Priorities funding allocated for the year are detailed below through July 31, 2014.
Budget Commitments/ Priority Funding
Expense:
Position Management
New Funding Requests1
Increase in FT Faculty to Meet SACS Requirement
QEP Additional Funding
Investment in Retention and Completion
Faculty Compensation Committee Request
Police Staffing ($6.6M over 5 years)
Security Upgrades ($4M over 4 years)
Designated Fund Balance Transfer
Other
Total Budget Commitments/Priorities
125,000
2,500,000
‐
Budget
$ 2,374,415
5,535,476
527,000
1,320,000
1,000,000
49,500
$ 1 4,731,391
1Items requested during the budget planning process for new funding (i.e. Equipment, personnel, adjunct faculty
funding, etc.)
ii
1,300,000

5. Operating Statement ‐ Unaudited Fund Balances (Across all Funds)
Unrestricted Restricted Auxiliary1
Funds
as of July 31, 2014
Loan &
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 286,180,544 28,137,916 16,470,485 ‐ 101,883,359 10 5,875,536 34,396,736 3,498,041 509,507 476,952,135
Expenses
Salaries 153,240,780 5,822,877 6,579,826 ‐ 1,433,296 ‐ 199,220 ‐ ‐ ‐ 167,275,998
Employee Benefits 16,915,759 12,315,551 1,252,063 ‐ ‐ ‐ 43,864 ‐ ‐ ‐ 30,527,237
Supplies & General Exp 4,557,103 293,372 8 88,050 ‐ ‐ ‐ 35,591 ‐ ‐ ‐ 5,774,116
Travel 911,453 189,238 2 02,403 ‐ ‐ ‐ 582 ‐ ‐ ‐ 1,303,677
Marketing Costs 982,405 52,658 52,747 ‐ ‐ ‐ 1 ,300 ‐ ‐ ‐ 1,089,110
Rentals & Leases 2,178,026 94,066 66,890 ‐ ‐ ‐ 3 ,092 ‐ ‐ ‐ 2,342,074
Insurance/Risk Mgmt 6,450,392 7,516 5,153 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 6,463,061
Contracted Services 20,867,637 3,952,409 1,655,535 ‐ ‐ ‐ 1,223,645 2 36,555 ‐ ‐ 27,935,780
Utilities 7,490,956 ‐ 4 25,476 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 7,916,432
Other Departmental Expenses3 2,142,435 70,392 4,097,247 ‐ ‐ ‐ 299 ‐ ‐ ‐ 6,310,372
Instructional and Other Materials4 & 5 6,853,993 295,452 2 39,757 ‐ ‐ ‐ 1,069,167 ‐ ‐ ‐ 8,458,368
Maintenance and Repair 1,295,070 527,755 15,314 ‐ 268,620 ‐ 376,679 ‐ ‐ ‐ 2,483,438
Transfers In/Out6 28,955,059 ‐ 4,095,000 ‐ (3,041,873) ‐ 4,439,193 (34,447,379) ‐ ‐ ‐
Debt 95,020 ‐ ‐ ‐ ‐ ‐ 468,995 60,179,055 808,359 0 61,551,429
Capital Outlay 6,228,958 788,060 97,636 ‐ ‐ ‐ 75,136,231 ‐ ‐ 1 83,976 82,434,861
Depreciation ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 1 7,571,418 ‐ 17,571,418
Scholarship Distribution 103,742,914 103,742,914
Total Expenses 259,165,045 24,409,345 19,673,098 ‐ 102,402,957 ‐ 82,997,857 25,968,231 1 8,379,777 1 83,976 533,180,286
Net of Revenue/Expenses 27,015,499 3,728,571 (3,202,612) ‐ ( 519,598) 10 (77,122,321) 8,428,505 (14,881,736) 3 25,531 (56,228,151)
Fund Balance Entries (534,916) ( 148,343) 81,275,810 2 0,775,679 101,368,230
Debt Funded ‐
Fund Balance as of 07/31/2014 $ 115,933,385 $ 1 2,451,106 $ 5,823,584 $ 509,932 $ 37,676 $ (59,601) $ 7,302,744 $ 17,910,724 $ 230,294,059 $ (6,000,289) $ 384,203,319
1
Inculdes Foundation expenses of approx. $1.7M (since inception) supplemental funding approved by the Board.
2 Revenue in Unrestricted Fund is shown net of Exemptions/Waivers, namely $6.8M 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 $6,853,993 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 $214,140 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.
1

6. FY2013 Actuals FY2014 Budget
HOUSTON COMMUNITY COLLEGE
2013‐2014 Budget vs. Actuals
Year‐to‐Date Actuals
Thru July 31, 2014
Actuals as a
% of Budget Unrealized Budget
Year‐to‐Date
Actuals Thru July
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 $ 62,633,215 90.5% $ 6,569,149 $ 63,495,699 $ (862,484) ‐1.36% 69,202,364 ‐ 0.00%
Ad Valorem Taxes 106,097,476 101,478,107 111,653,747 110.0% (10,175,640) 104,405,862 7,247,884 6.94% 112,151,493 10,673,386 10.52%
Tuition, Net 40,063,500 41,453,277 39,155,342 94.5% 2,297,935 40,158,942 (1,003,600) ‐2.50% 39,129,719 (2,323,558) ‐5.61%
Fees1 63,996,717 64,922,582 63,323,026 97.5% 1,599,556 64,939,079 (1,616,053) ‐2.49% 62,276,791 (2,645,791) ‐4.08%
Other Local Income2 2,184,999 2,543,140 2,128,472 83.7% 414,668 2,020,706 107,765 5.33% 2,311,774 (231,366) ‐9.10%
Tuition & Fee, Net
6,400,587 6,565,665 6,730,197 102.5% ( 164,532) 6,372,972 357,225 5.61% 6,857,003 291,338 4.44%
‐‐ Extended Learning
Grant Revenue 517,655 434,410 556,546 128.1% (122,136) 462,232 94,314 20.40% 611,969 177,559 40.87%
Total Revenues 289,274,937 286,599,545 286,180,545 99.9% 419,000 281,855,493 4,325,052 1.53% 292,541,113 5,941,568 2.07%
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 $ 2 89,274,937 $ 308,103,514 $ 286,180,545 92.9% $ 21,922,969 $ 2 81,855,493 $ 4,325,052 1.53% $ 314,045,082 $ 5,941,568 1.93%
EXPENSES
Salaries 158,833,961 173,921,496 153,240,780 88.1% 20,680,716 148,766,993 4,473,786 3.01% 165,875,797 (8,045,699) ‐4.63%
Employee Benefits 18,704,344 18,152,880 16,915,759 93.2% 1,237,121 14,751,325 2,164,434 14.67% 21,065,193 2,912,313 16.04%
Supplies Gen Exp 5,216,679 6,218,205 4,557,103 73.3% 1,661,102 4,660,200 (103,097) ‐2.21% 5,420,970 (797,235) ‐12.82%
Travel 883,137 1,228,157 911,453 74.2% 316,704 777,330 134,124 17.25% 1,000,967 (227,190) ‐18.50%
Marketing Costs 1,350,751 1,231,518 982,405 79.8% 249,113 1,299,364 (316,960) ‐24.39% 1,231,518 0 0.00%
Rental & Leases 2,234,487 2,953,640 2,178,026 73.7% 775,614 2,159,748 18,279 0.85% 2,403,739 (549,901) ‐18.62%
Insurance/Risk Mgmt 6,521,682 7,052,698 6,450,392 91.5% 602,306 6,519,897 (69,506) ‐1.07% 7,052,698 0 0.00%
Contract Services4 21,328,764 26,798,960 20,867,637 77.9% 5,931,323 18,327,458 2,540,179 13.86% 25,801,825 (997,135) ‐3.72%
Utilities 8,414,469 11,369,382 7,490,956 65.9% 3,878,426 7,063,294 427,662 6.05% 9,739,827 (1,629,555) ‐14.33%
Other Departmental Expenses5 1,799,321 2,797,854 2,142,435 76.6% 655,419 1,697,014 445,421 26.25% 2,536,185 (261,669) ‐9.35%
Instructional & Other Materials 6,263,298 10,475,030 6,853,993 65.4% 3,621,037 5,448,881 1,405,111 25.79% 8,201,561 (2,273,469) ‐21.70%
Maintenance & Repair 1,082,934 1,923,182 1,295,070 67.3% 628,112 678,779 616,292 90.79% 1,783,152 (140,029) ‐7.28%
Transfers/Debt 33,095,470 30,417,024 29,050,079 95.5% 1,366,945 28,330,519 719,560 2.54% 30,417,024 ‐ 0.00%
Budget Commitments ‐ 1,885,192 ‐ 0.0% 1,885,192 ‐ ‐ 0.00% ‐ (1,885,192) ‐100.00%
Capital Outlay 4,451,702 11,678,296 6,228,958 53.3% 5,449,338 3,080,913 3,148,045 102.18% 8,974,769 (2,703,527) ‐23.15%
Total Expenses $ 2 70,180,997 $ 308,103,514 $ 259,165,045 84.1% $ 48,938,469 $ 2 43,561,714 15,603,331 6.41% 291,505,224 (16,598,289) ‐5.39%
NET REVENUE Incr/(Decr) Vs EXPENSES $ 19,093,940 $ 27,015,500 $ 38,293,779 $ 1,035,889 $ 22,539,857
1 Fees charged to student include: Out‐of‐District fees, Technology fees, lab fees, etc.
2 Includes interest & dividends income, fines & penalties and parking fines
3 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).
as of July 31, 2014
HCCS CURRENT UNRESTRICTED
2

7. 3101‐3100
Main Leasing
3104 ‐ Minority
Business
Development
HOUSTON COMMUNITY COLLEGE SYSTEM
Auxiliary Budget By Fund
as of July 31, 2014
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
Assigned Fund Balance at
August 31, 2013
FY2014
Revenue 4 ,952,328 18,851 468,257 ‐ ‐ 2,173,961 2,642,218 (520) 474,012 8,086,889
Salaries 275,733 668,753 80,626 749,379 279,765 250,399 1,555,276
Benefits 72,767 143,557 16,000 159,557 65,902 62,494 360,721
Supplies Gen Exp 54,030 129,678 9,134 138,812 16,078 208,920
Travel 5,454 6,913 12,367 25,894 38,261
Marketing Costs 31,434 31,434 31,434
Rental & Leases 4,011 8,434 37,925 37,925 1,280 51,650
Contract Services 846,115 296,928 63,299 360,227 1,645 1,207,988
Utilities 421,725 ‐ 3,751 425,476
Departmental Expenses 1,500 350,512 8,349 3 ,597,183 3 ,956,043 25,872 3,983,416
Instructional & Other
600 21,869 21,869 214,140 236,608
Materials
Maintenance & Repair 5,517 1,148 1,148 8,638 15,304
Insurance/Risk Mgmt 28 28 351 379
Exemptions and Waivers 2,065 2,065 2,065
Transfer/Debt5 4 ,101,005 ‐ 4,101,005
Capital Outlay 4,380 87,251 87,251 91,631
Total Expense 5,787,384 8 ,434 1,754,734 206,189 ‐ 5,558,106 397,785 558,426 12,310,134
Contribution to Fund Balance (835,055) 10,417 (1,286,477) (206,189) (3,597,183) 2,173,961 (2,915,888) (398,305) (84,413) (4,223,244)
$ 17,772,210 $ 10,417 $ ( 14,483,681) $ (1,664,222) $ (19,768,117) $ 23,002,558 $ (12,913,461) $ (1,559,144) $ (1,520,339) $ 1,789,682
Net Assigned Fund Balance
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. $1.7M (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.
3
Auxiliary Funds1
3110

8. HOUSTON COMMUNITY COLLEGE SYSTEM
Auxiliary Budget By Fund
as of July 31, 2014
3207
Saigon Tech2
3208
Saudi Consulting
Services3
Auxiliary Funds1
3209
Qatar
3210
International
Initiatives Subtotal
$ 257,633 $ 155,804 $ 880,316 $ (92,954) $ 1 ,200,800
Assigned Fund Balance at
August 31, 2013
FY2014
Revenue 46,666 ‐ 6,271,548 ‐ 6,318,214
Salaries 1,200 4 ,763,458 4 ,764,658
Benefits 851,687 851,687
Supplies Gen Exp 357 9,810 10,167
Travel 4,661 17,327 21,988
Marketing Costs ‐
Rental & Leases ‐
Contract Services 188,625 188,625
Utilities ‐
Departmental
Expenses
9,983 9,983
Instructional &
Other Materials
‐
Maintenance &
Repair
‐
Insurance/Risk ‐
Exemptions and
Waivers
‐
Transfer ‐
Capital Outlay ‐
Total Expense 6 ,218 ‐ 5,840,889 ‐ 5 ,847,108
Contribution to Fund Balance 40,448 ‐ 430,659 ‐ 471,107
$ 298,081 $ 155,804 $ 1,310,975 $ (92,954) $ 1 ,671,907
Net Assigned Fund Balance
1 Restricted by limitations; must comply with laws, statutes and regulations.
2 Revenue is associated with Saigon Tech
3 Fund Balance is comprised of Settlements from NCAAA Contract & Education Experts Co.
4

9. HOUSTON COMMUNITY COLLEGE SYSTEM
Auxiliary Budget By Fund
as of July 31, 2014
3110
Student Auxiliary Funds ‐ Committed1
Student Vending
Commission
3111
Student Activity Fee
3112
Student Athletic Fee
Subtotal Grand Total
Committed Fund Balance at 8/31/13 $ 291,716 $ 841,357 $ 679,397 $ 1 ,812,469 $ 9 ,026,196
FY2014
Revenue 169,207 1,093,397 884,192 2 ,146,796 16,551,900
Salaries 16,600 61,767 181,525 259,892 6,579,826
Benefits 460 39,195 39,655 1,252,063
Supplies Gen Exp 85,454 513,481 70,028 668,963 888,050
Travel 1,037 106,451 34,667 142,154 202,403
Marketing Costs 6,487 1,221 13,606 21,313 5 2,747
Rental & Leases 2,750 12,490 15,240 6 6,890
Contract Services 6,397 109,500 143,025 258,922 1,655,535
Utilities ‐ 425,476
Departmental
21,387 43,925 38,537 103,849 4,097,247
Expenses
Instructional &
Other Materials
3,149 3,149 239,757
Maintenance &
Repair
10 10 1 5,314
Insurance ‐ Risk
Mgmt
2,961 1,813 4,774 5,153
Exemptions and
Waivers
29,000 50,038 312 79,349 8 1,414
Transfer ‐ 4,101,005
Capital Outlay ‐ 9 1,631
Total Expense 169,112 889,803 538,356 1,597,271 19,754,512
Contribution to Fund Balance 95 203,594 345,836 549,525 (3,202,612)
$ 291,811 $ 1,044,951 $ 1,025,233 $ 2 ,361,994 $ 5 ,823,584
1 Funds are committed for services related to students
5
Net Committed Fund Balance

10. Houston Community College
Balance Sheet By Fund
For Month Ended July 31, 2014
CURRENT &
LOAN FUNDS1
PLANT & BOND
FUNDS2 Total All Funds
ASSETS
Current Assets:
Cash & cash equivalents $ 120,124,344 $ 31,402,143 $ 151,526,486
Restricted cash & cash equivalents 12,880,362 ‐ 12,880,362
Short term Investments ‐ ‐ ‐
Accounts/Other receivable (net) 28,021,917 1,812,006 29,833,923
Deferred charges 1,673,802 ‐ 1,673,802
Prepaids 61,745 ‐ 61,745
Total Current Assets 162,762,170 33,214,148 195,976,319
Non‐current Assets:
Restricted cash & cash equivalents ‐ 367,918,776 367,918,776
Restricted long‐term investments ‐ 54,825,837 54,825,837
Long‐term investments 6,730,284 ‐ 6,730,284
Capital Assets, net ‐ 836,560,331 836,560,331
Total Non‐current Assets 6,730,284 1,259,304,944 1,266,035,228
Total Assets $ 169,492,454 $ 1,292,519,092 $ 1,462,011,547
LIABILITIES
Current Liabilities:
Accounts payable 3,360,966 136,237 3,497,203
Accrued liabilities 3,874,055 1,335,703 5,209,758
Compensated absences 2,261,499 ‐ 2,261,499
Funds held for others 684,516 189,209 873,726
Deferred revenue 24,615,339 1,292,759 25,908,098
Notes payable‐current portion ‐ 7,785,000 7,785,000
Bonds payable‐current portion ‐ 20,285,000 20,285,000
Capital lease obligations‐current ‐ ‐ ‐
Total Current Liabilities 34,796,374 31,023,909 65,820,283
Non‐current Liabilities:
Deposits ‐ ‐ ‐
Notes payable ‐ 161,141,737 161,141,737
Bonds payable ‐ 742,650,194 742,650,194
Capital lease obligations ‐ 102,195,726 102,195,726
Total Non‐current Liabilities ‐ 1,005,987,657 1,005,987,657
Total Liabilities $ 34,796,374 $ 1,037,011,565 $ 1,071,807,940
Fund Balance‐
August 31, 2013 Audited 108,357,470 237,031,590 345,389,060
Revenues Over Expenditures
Unrestricted 23,277,971 23,277,971
Restricted 3,060,641 3,060,641
Net Investment in Plant 18,475,937 18,475,937
Total Fund Balances, Unaudited $ 134,696,082 $ 255,507,527 $ 390,203,609
Total Liabilities & Fund Balances $ 169,492,456 $ 1,292,519,092 $ 1,462,011,547
1 In cludes Unrestricted, Restricted, Loan & Endowment, Scholarship, Agency and Auxiliary Funds.
2 Includes Unexpended Plant, Retirement of Debt and Investment in Plant Funds.
6

11. HOUSTON COMMUNITY COLLEGE
FY 2013‐14 Adjusted Budget by Colleges
as of July 31, 2014
TM CENTRAL
NORTH
WEST
NORTH
EAST
SOUTH
WEST
SOUTH EAST COLEMAN
EXTENDED
LEARNING
SYSTEM Grand Total
Salaries $ 23,987,110 $ 24,801,679 $ 18,987,117 $ 26,704,549 $ 15,351,275 $ 11,275,156 $ 10,494,694 $ 42,319,916 $ 173,921,496
Employee Benefits ‐ ‐ ‐ ‐ ‐ ‐ ‐ 18,152,880 18,152,880
Supplies & Gen 374,899 463,986 229,053 396,840 303,794 332,113 185,352 3,932,167 6,218,205
Travel 123,672 158,852 26,267 70,187 35,809 143,359 61,425 608,586 1,228,157
Marketing Costs 33,339 40,336 58,159 36,024 92,644 43,323 178,720 748,973 1,231,518
Rentals & Leases 7,477 142,001 963,929 534,961 81,052 469,051 23,213 731,956 2,953,640
Insurance/Risk Mgmt 906 406 50 462 ‐ ‐ ‐ 7,050,874 7,052,698
Contracted Services 327,294 299,993 83,624 44,384 119,985 307,025 20,792 25,595,863 26,798,960
Utilities 5,025 68 4,600 1,767 ‐ ‐ ‐ 11,357,922 11,369,382
Other Departmental Expenses 69,528 61,197 38,438 39,926 43,852 106,396 28,860 2,409,657 2,797,854
Instructional and Other Materials 481,560 237,358 152,485 236,947 155,464 394,310 481,105 8,335,802 10,475,030
Maintenance and Repair 186,478 47,063 35,317 50,717 40,646 84,783 118,753 1,359,425 1,923,182
Transfers/Debt ‐ 860,561 5,637,942 1,200,000 ‐ ‐ ‐ 22,718,521 30,417,024
Budget Commitments/Priority Funding 1 ,988 2 ,035 15,051 3,092 ‐ 5,226 ‐ 1,857,800 1,885,192
Capital Outlay 497,386 836,756 77,462 307,544 153,058 522,090 158,061 9,125,938 11,678,296
‐
Grand Total $ 26,096,662 $ 27,952,292 $ 26,309,494 $ 29,627,400 $ 16,377,579 $ 13,682,832 $ 11,750,975 $ 156,306,280 $ 308,103,514
7

12. Exemptions & Waivers
Thur July 31, 2014
FY 2012‐13 FY 2013‐14
Budget:
Adjusted Budget FY 2013‐14, Net $ 41,453,277
Revenues Received:
Tuition 46,926,645 46,957,270 46,183,318
Waivers & Exemptions:
Dual Credit (4,877,897) (4,819,811) (4,932,920)
Other (1,985,247) (1,978,517) (2,095,056)
Total Waivers & Exemptions (6,863,144) (6,798,328) (7,027,976)
Total Tuition Revenue, Net $ 40,063,501 $ 40,158,942 $ 39,155,342
Budget:
Budget FY 2013‐14, Net $ 6,565,665
Revenues Received:
Tuition 8,677,989 8,523,249 8,580,808
Waivers & Exemptions:
Corrections (2,277,402) (2,150,277) (1,850,611)
Total EL Tuition Revenue, Net $ 6,400,587 $ 6,372,972 $ 6,730,197
FY 2012‐13 FY 2013‐14
Year‐to‐Date
Activity thru
07/31/2014
Actuals %
Inc/(Dec)YTD
vs. PriorYTD
Dept of Corrections $ 2,277,402 $ 2,150,277 $ 1,850,611 ‐13.94%
Dual Credit Waiver 4,877,897 4,819,811 4,932,920 2.35%
Other:
Employee Fee Exemptions 70,071 69,971 69,709 ‐0.37%
Firemen 25,475 25,475 26,082 2.38%
Hazelwood 1,266,190 1,262,519 1,410,794 11.74%
Deaf & Blind 258,017 257,751 205,537 ‐20.26%
High Ranking Hi SCH Grad 2,418 2,418 1,240 ‐48.72%
Child of Disabled Vet ETC 1,686 1,686 285 ‐83.10%
Emp of State Coll & Univ 319 319 ‐ 0.00%
Nonres Teach/Research Asst 10,443 10,443 6,372 ‐38.98%
Nonres Competitive Scholar 2,301 2,301 11,346 393.09%
Senior Citizens 15,857 15,702 15,498 ‐1.30%
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 304,145 305,407 302,314 ‐1.01%
Undocumented Students ‐ ‐ 11,383 0.00%
TX Tomorrow Waiver ‐ ‐ 2,912 0.00%
Surviving Spouse/Children ‐ ‐ 2,120 0.00%
Peace Officer Exemption 14,275 14,275 3,655 ‐74.40%
Stipends 14,050 10,450 3,000 0.00%
Scholars Costs Funded by State ‐ ‐ 6,050 0.00%
Total Other Exemptions 1,985,247 1,978,517 2,095,056 5.89%
Grand Total Exemptions & Waivers $ 9,140,546 $ 8,948,605 $ 8,878,587 ‐0.78%
8
Account
End of Year
Activity
Year‐to‐Date
Activity thru
07/31/2013
Year‐to‐Date
Activity thru
07/31/2014
Tuition
Tuition ‐ Extended Learning
Exemptions & Waivers
End of Year
Activity
Year‐to‐Date
Activity thru
07/31/2013