BUDGET FISCAL YEAR 2005-2006 PANOLA COLLEGE TABLE OF CONTENTS 2005-2006 BUDGET BUDGET & BUDGET COMPARISON (ALL FUNDS) 1 CURRENT UNRESTRICTED FUNDS REVENUES AND EXPENDITURES Budget & Budget Comparison Graph - Revenue by Major Function Graph - Expenditures by Major Function Graph - Expenditures by Major Object Expenditure Functional Budget Expenditure Object Budget 2 3 4 5 6-8 9-12 AUXILIARY FUND Budget & Budget Comparison Expenditure Object Budget 13 14 CURRENT RESTRICTED FUND BUDGET 15-16 UNEXPENDED PLANT FUND BUDGET 17 CONSTRUCTION FUND BUDGET 18 PANOLA COLLEGE BUDGET AND BUDGET COMPARISON ALL FUNDS COMBINED 2005-06 AND 2004-05 2005-06 BUDGET 2004-05 BUDGET REVENUES AND OTHER SOURCES TUITION AND FEES LOCAL TAXES STATE APPROPRIATIONS STATE GRANTS FEDERAL GRANTS INTEREST/OTHER INCOME AUXILIARY INCOME BOND PROCEEDS USE OF CASH RESERVES TOTAL REVENUES $2,780,000 3,382,370 3,294,704 187,126 2,257,598 734,596 1,497,000 $2,646,589 3,222,360 3,233,259 218,731 1,480,312 551,460 1,242,000 2,500,000 374,516 161,886 $14,507,910 $15,256,597 $9,407,666 1,763,973 2,748,901 400,000 $9,036,852 1,570,113 2,149,632 2,500,000 $14,320,540 $15,256,597 $716,520 593,886 187,370 $710,702 193,886 (716,520) (593,886) (710,702) (193,886) EXPENDITURES UNRESTRICTED FUND EXPENDITURES AUXILIARY FUND EXPENDITURES RESTRICTED FUND EXPENDITURES CONSTRUCTION FUND EXPENDITURES TOTAL EXPENDITURES OTHER SOURCES AND USES TRANSFERS IN: UNRESTRICTED FUND UNEXPENDED PLANT FUND UNEXPENDED PLANT FUND - LIBRARY TRANSFERS OUT: UNRESTRICTED FUND UNEXPENDED PLANT FUND TOTAL OTHER SOURCES AND (USES) $187,370 $0 PAGE 1 PANOLA COLLEGE CURRENT UNRESTRICTED FUND REVENUE & EXPENDITURES 2005-06 BUDGET & 2004-05 BUDGET COMPARISON CARTHAGE CAMPUS MARSHALL CENTER TUITION & FEES LOCAL TAXES STATE APPROPRIATIONS (ALLOCATED) INTEREST INCOME TRANSFERS FROM UNEXPENDED RESERVES OTHER REVENUES $2,408,592 3,382,370 2,854,533 116,000 193,886 256,326 $62,828 $308,580 74,460 365,711 41,400 TOTAL REVENUE $9,211,707 INSTRUCTION ACADEMIC INSTRUCTION VOCATIONAL TECHNICAL INSTRUCTIONAL SUPPORT STUDENT SERVICES INSTITUTIONAL SUPPORT OPERATION OF PHYSICAL PLANT WORKFORCE EDUCATION / OTHER $2,071,177 1,704,202 762,936 694,551 2,022,103 1,128,305 162,879 TRANSFERS TO UNEXPENDED RESERVES TRANSFERS TO OTHER FUNDS 187,370 529,150 REVENUE SOURCE SHELBY CENTER 2005-06 BUDGET 2004-05 BUDGET 59,500 $2,780,000 3,382,370 3,294,704 116,000 193,886 357,226 $2,646,589 3,222,360 3,233,259 105,000 193,886 346,460 $178,688 $733,791 $10,124,186 $9,747,554 $170,551 $241,765 408,842 3,500 36,855 $2,483,493 2,113,044 762,936 694,551 2,022,103 1,168,660 162,879 $2,400,276 2,061,184 585,972 639,353 1,863,206 1,285,007 201,854 187,370 529,150 0 710,702 $10,124,186 $9,747,554 EXPENDITURES TOTAL EXPENDITURES $9,262,673 $174,051 $687,462 PAGE 2 Current Unrestricted Funds Revenues By Major Function TUITION & FEES 27.5% LOCAL TAXES 33.4% OTHER REVENUES 6.6% STATE APPROPRIATIONS 32.5% Page 3 Expenditures By Function INSTRUCTION VOCATIONAL TECHNICAL 20.9% INSTRUCTION ACADEMIC 24.5% INSTRUCTION SUPPORT 7.5% TRANSFERS 7.1% STUDENT SERVICES 6.9% OTHER INSTRUCTIONAL 1.6% OPERATION OF PHYSICAL PLANT 11.5% INSTITUTIONAL SUPPORT 20.0% Page 4 Current Unrestricted Fund Expenditures By Major Object GENERAL EXPENDITURES 10.5% SALARIES & WAGES 60.4% STAFF BENEFITS 6.9% TRANSFERS 7.1% SCHOLARSHIPS 0.8% CAPITAL EXPENDITURES 1.9% SUPPLIES & OTHER 12.5% Page 5 PANOLA COLLEGE CURRENT UNRESTRICTED FUND EXPENDITURES EXPENDITURE FUNCTIONAL BUDGET 2005-06 CARTHAGE CAMPUS MARSHALL CENTER ACADEMIC INSTRUCTION: INSTRUCTIONAL ADMINISTRATION BIOLOGY PHYSICS/CHEMISTRY PHYSICAL EDUCATION VOCAL MUSIC INSTRUMENTAL MUSIC SPEECH DRAMA ART SPANISH ENGLISH JOURNALISM MATHEMATICS POLITICAL SCIENCE HISTORY BUSINESS PSYCHOLOGY DEVELOPMENTAL SKILLS ACADEMIC RELATED $159,577 287,902 62,647 188,021 84,410 123,863 90,930 90,535 61,940 48,752 189,932 42,863 240,868 104,959 66,528 57,892 54,079 115,479 $85,247 $144,396 85,304 97,369 $389,220 287,902 62,647 188,021 84,410 123,863 90,930 90,535 61,940 48,752 189,932 42,863 240,868 104,959 66,528 57,892 54,079 115,479 182,673 TOTAL ACADEMIC INSTRUCTION 2,071,177 170,551 241,765 2,483,493 EXPENDITURES SHELBY CENTER TOTAL 2005-06 OTHER INSTRUCTION WORKFORCE EDUCATION 162,879 TOTAL OTHER INSTRUCTION 162,879 162,879 0 0 162,879 PAGE 6 PANOLA COLLEGE CURRENT UNRESTRICTED FUND EXPENDITURES EXPENDITURE FUNCTIONAL BUDGET 2005-06 EXPENDITURES VOCATIONAL TECHNICAL INSTRUCTION: AGRICULTURE OFFICE SYSTEMS TECHNOLOGY COMPUTER INFORMATION SYSTEMS WELDING COSMETOLOGY OCCUPATIONAL THERAPY ASSISTING HEALTH INFORMATION TECHNOLOGY ASSOC. DEGREE NURSING VOCATIONAL NURSING ENVIRONMENTAL TECHNOLOGY BUILDING TRADES TOTAL VOCATIONAL TECHNICAL INSTRUCTION INSTRUCTIONAL SUPPORT: LIBRARY DISTANCE LEARNING COMPUTER SERVICES TOTAL INSTRUCTIONAL SUPPORT CARTHAGE CAMPUS MARSHALL CENTER 7,101 129,261 213,333 85,651 102,788 188,554 117,268 630,809 228,787 650 1,704,202 SHELBY CENTER TOTAL 2005-06 115,863 7,101 129,261 213,333 85,651 180,326 188,554 117,268 630,809 444,228 650 115,863 408,842 2,113,044 77,538 215,441 0 384,903 192,378 384,903 192,378 185,655 185,655 762,936 INSTITUTIONAL SUPPORT: GOVERNING BOARD OF TRUSTEES PRESIDENT'S OFFICE BUSINESS & FISCAL MANAGEMENT COLLEGE RELATIONS/SERVICES GRANTS GENERAL INSTITUTIONAL CAMPUS SECURITY STAFF BENEFITS INSTITUTIONAL RESEARCH INSTITUTIONAL EFFECTIVENESS / SACS 48,148 205,163 355,764 181,798 50,021 1,035,588 91,663 40,068 8,340 5,550 TOTAL INSTITUTIONAL SUPPORT 2,022,103 0 0 762,936 48,148 205,163 355,764 181,798 50,021 1,035,588 91,663 40,068 8,340 5,550 0 0 2,022,103 PAGE 7 PANOLA COLLEGE CURRENT UNRESTRICTED FUND EXPENDITURES EXPENDITURE FUNCTIONAL BUDGET 2005-06 EXPENDITURES CARTHAGE CAMPUS MARSHALL CENTER SHELBY CENTER TOTAL 2005-06 STUDENT SERVICES: STUDENT SERVICES ADMINISTRATION ADMISSIONS & REGISTRAR STUDENT ACTIVITIES STUDENT SENATE FINANCIAL AID GUIDANCE & COUNSELING TESTING HONORS PROGRAM 201,200 161,643 50,089 3,050 109,418 82,590 84,587 1,974 201,200 161,643 50,089 3,050 109,418 82,590 84,587 1,974 TOTAL STUDENT SERVICES 694,551 694,551 PHYSICAL PLANT: GENERAL SERVICES UTILITIES 835,409 292,896 0 3,500 0 36,855 835,409 333,251 TOTAL PHYSICAL PLANT 1,128,305 3,500 36,855 1,168,660 TOTAL EXPENDITURES BEFORE TRANSFERS AND OTHER USES 8,546,153 174,051 687,462 9,407,666 TRANSFERS TRANSFER TO AUXILIARY 249,973 249,973 TRANSFER TO UNEXPENDED PLANT TRANSFER TO GENERAL SCHOLARSHIPS 187,370 279,177 187,370 279,177 TOTAL TRANSFERS TOTAL EXPENDITURES AND TRANSFERS 716,520 0 0 716,520 $9,262,673 $174,051 $687,462 $10,124,186 PAGE 8 PANOLA COLLEGE CURRENT UNRESTRICTED FUND EXPENDITURES EXPENDITURES OBJECT BUDGET 2005-06 FUNCTION SALARIES STAFF BENEFITS GENERAL EXPENSES SUPPLIES EQUIPMENT SCHOLARSHIPS TOTAL WITHOUT SALARIES TRAVEL TOTAL BUDGET 2005-06 CARTHAGE CAMPUS ACADEMIC INSTRUCTION: ACADEMIC ADMINISTRATION BIOLOGY PHYSICS/CHEMISTRY PHYSICAL EDUCATION VOCAL MUSIC INSTRUMENTAL MUSIC SPEECH DRAMA ART SPANISH ENGLISH JOURNALISM MATHEMATICS POLITICAL SCIENCE HISTORY BUSINESS PSYCHOLOGY DEVELOPMENTAL SKILLS $119,167 239,495 46,387 159,105 46,678 74,255 62,221 57,707 52,058 41,961 161,237 29,621 211,769 93,922 54,479 50,222 47,459 101,706 $12,680 26,597 5,245 14,466 4,082 7,973 5,509 5,153 5,853 4,766 21,060 2,767 21,499 8,312 5,239 5,835 4,385 10,373 $22,855 5,635 1,420 850 1,045 635 975 1,675 929 525 4,435 850 3,550 925 2,110 800 1,235 1,375 TOTAL ACADEMIC INSTRUCTION 1,649,449 171,794 51,824 $1,875 $ 12,275 7,195 11,200 7,810 8,200 1,650 10,250 1,300 800 2,600 4,675 2,850 350 1,400 50 500 1,025 76,005 $ 1,600 1,800 2,200 22,350 25,000 12,175 10,000 1,400 3,350 5,600 74,275 $3,000 2,300 2,400 600 2,445 5,600 8,400 5,750 400 700 600 1,600 1,200 1,450 3,300 985 500 1,000 $40,410 48,407 16,260 28,916 37,732 49,608 28,709 32,828 9,882 6,791 28,695 13,242 29,099 11,037 12,049 7,670 6,620 13,773 $159,577 287,902 62,647 188,021 84,410 123,863 90,930 90,535 61,940 48,752 189,932 42,863 240,868 104,959 66,528 57,892 54,079 115,479 42,230 421,728 2,071,177 PAGE 9 PANOLA COLLEGE CURRENT UNRESTRICTED FUND EXPENDITURES EXPENDITURES OBJECT BUDGET 2005-06 FUNCTION SALARIES STAFF BENEFITS GENERAL EXPENSES SUPPLIES EQUIPMENT SCHOLARSHIPS TOTAL WITHOUT SALARIES TRAVEL TOTAL BUDGET 2005-06 CARTHAGE CAMPUS VOCATIONAL INSTRUCTION: AGRICULTURE OFFICE SYSTEMS TECHNOLOGY COMPUTER INFORMATION SYSTEMS WELDING COSMETOLOGY OCCUPATIONAL THERAPY ASSISTING HEALTH INFORMATION TECHNOLOGY ASSOC. DEGREE NURSING VOCATIONAL NURSING ENVIRONMENTAL TECHNOLOGY 5,463 110,567 185,074 62,185 80,778 156,412 92,666 554,217 195,220 0 438 12,769 21,729 7,016 8,710 19,199 8,492 53,431 20,417 0 50 1,325 1,030 1,850 900 5,365 4,030 9,090 4,950 250 850 3,800 3,800 14,200 11,400 5,203 6,100 2,300 4,000 250 1,442,582 152,201 28,840 51,903 0 INSTRUCTIONAL SUPPORT: LIBRARY DISTANCE LEARNING COMPUTER SERVICES 238,658 156,928 160,708 21,299 14,665 12,573 4,746 5,485 2,265 58,000 12,800 8,109 58,600 TOTAL INSTRUCTIONAL SUPPORT 556,294 48,537 12,496 78,909 58,600 WORKFORCE EDUCATION 105,207 10,572 18,000 24,100 TOTAL OTHER INSTRUCTION 105,207 10,572 18,000 24,100 TOTAL VOCATIONAL INSTRUCTION 0 0 300 800 1,700 400 1,000 2,375 5,980 11,771 4,200 150 1,638 18,694 28,259 23,466 22,010 32,142 24,602 76,592 33,567 650 7,101 129,261 213,333 85,651 102,788 188,554 117,268 630,809 228,787 650 28,676 261,620 1,704,202 3,600 2,500 2,000 146,245 35,450 24,947 384,903 192,378 185,655 8,100 206,642 762,936 5,000 57,672 162,879 5,000 57,672 162,879 OTHER INSTRUCTIONAL: 0 0 PAGE 10 PANOLA COLLEGE CURRENT UNRESTRICTED FUND EXPENDITURES EXPENDITURES OBJECT BUDGET 2005-06 FUNCTION SALARIES STAFF BENEFITS GENERAL EXPENSES SUPPLIES EQUIPMENT SCHOLARSHIPS TOTAL WITHOUT SALARIES TRAVEL TOTAL BUDGET 2005-06 CARTHAGE CAMPUS INSTITUTIONAL SUPPORT: GOVERNING BOARD OF TRUSTEES PRESIDENT'S OFFICE BUSINESS & FISCAL MANAGEMENT COLLEGE RELATIONS/SERVICES GRANTS WRITER GENERAL INSTITUTIONAL CAMPUS SECURITY STAFF BENEFITS INSTITUTIONAL RESEARCH INSTITUTIONAL EFFECTIVENESS / SACS TOTAL INSTITUTIONAL SUPPORT STUDENT SERVICES: STUDENT SERVICE ADMINISTRATION ADMISSIONS & REGISTRAR STUDENT ACTIVITIES STUDENT SENATE FINANCIAL AID GUIDANCE & COUNSELING TESTING HONORS PROGRAM TOTAL STUDENT SERVICES 1,300 3,660 13,185 84,152 675 265,200 1,385 3,900 4,225 6,150 1,500 600 704,990 1,300 6,200 38,948 14,446 28,448 8,072 4,199 4,727 7,567 40,068 490 875 300 400 250 750,266 146,965 370,732 723,315 147,341 128,580 28,000 13,409 17,868 2,559 93,637 73,082 53,582 8,881 6,383 4,905 24,450 9,495 16,900 225 4,200 575 1,400 105 7,500 4,700 880 75 1,200 1,050 21,100 300 524,222 54,005 57,350 36,805 174,832 301,606 86,899 42,047 58,671 80,011 2,000 0 0 2,000 0 4,000 8,000 6,375 1,175 2,500 0 1,400 0 375 5,000 48,148 30,331 54,158 94,899 7,974 976,917 11,652 40,068 2,140 5,550 48,148 205,163 355,764 181,798 50,021 1,035,588 91,663 40,068 8,340 5,550 28,825 1,271,837 2,022,103 8,500 1,000 1,750 2,750 1,500 1,500 3,600 1,569 53,859 33,063 22,089 3,050 15,781 9,508 31,005 1,974 201,200 161,643 50,089 3,050 109,418 82,590 84,587 1,974 22,169 170,329 694,551 PAGE 11 PANOLA COLLEGE CURRENT UNRESTRICTED FUND EXPENDITURES EXPENDITURES OBJECT BUDGET 2005-06 FUNCTION STAFF BENEFITS SALARIES GENERAL EXPENSES SUPPLIES EQUIPMENT SCHOLARSHIPS TOTAL WITHOUT SALARIES TRAVEL TOTAL BUDGET 2005-06 CARTHAGE CAMPUS PHYSICAL PLANT GENERAL SERVICES UTILITIES 424,931 50,070 1,765 292,896 224,743 131,000 TOTAL PHYSICAL PLANT 424,931 50,070 294,661 224,743 131,000 0 2,900 410,478 292,896 835,409 292,896 2,900 703,374 1,128,305 249,973 279,177 249,973 279,177 TRANSFERS TRANSFER TO AUXILIARY TRANSFER TO GENERAL SCHOLARSHIPS TOTAL TRANSFERS TOTAL CARTHAGE CAMPUS 249,973 279,177 0 0 716,520 0 0 0 0 716,520 716,520 5,452,951 634,144 1,550,423 1,215,780 195,200 76,275 137,900 3,809,722 9,262,673 141,047 13,554 7,700 6,750 0 0 5,000 33,004 174,051 197,396 57,636 183,694 81,000 15,649 6,652 16,747 6,883 49,075 1,100 4,800 5,300 9,300 11,150 4,000 15,780 1,000 7,200 1,000 6,200 5,900 81,224 19,902 31,747 34,863 278,620 77,538 215,441 115,863 519,726 45,931 60,275 40,230 1,000 0 20,300 167,736 687,462 $6,113,724 $693,629 $1,618,398 $1,262,760 $196,200 $76,275 $163,200 $4,010,462 $10,124,186 MARSHALL CENTER MARSHALL CENTER SHELBY CENTER SHELBY COLLEGE CENTER COSMETOLOGY VOCATIONAL NURSING BUILDING TRADES SHELBY COLLEGE CENTER GRAND TOTAL ALL LOCATIONS PAGE 12 PANOLA COLLEGE AUXILIARY FUNDS 2005-06 BUDGET & 2004-05 BUDGET COMPARISON REVENUE SOURCE COLLEGE STORE SALES FOOD SERVICE HOUSING INTEREST INCOME MISCELLANEOUS TRANSFERS IN FROM UNRESTRICTED TOTAL REVENUE 2005-06 BUDGET 2004-05 BUDGET $837,000 306,000 354,000 3,000 14,000 249,973 $776,000 296,000 170,000 3,000 40,000 285,113 $1,763,973 $1,570,113 $775,658 369,980 590,665 27,670 $670,329 322,000 543,675 34,109 $1,763,973 $1,570,113 EXPENDITURES COLLEGE STORE FOOD SERVICE ATHLETICS HOUSING TOTAL EXPENDITURES PAGE 13 PANOLA COLLEGE AUXILIARY FUND EXPENDITURES OBJECT BUDGET 2005-06 FUNCTION ATHLETICS MEN'S BASKETBALL MEN'S BASEBALL WOMEN'S BASKETBALL ATHLETIC DIRECTOR RODEO TEAM VOLLEYBALL TOTAL ATHLETICS COLLEGE STORE FOOD SERVICE FORESTRY DORM MEN'S DORM WOMEN'S DORM TOTAL AUXILIARY FUNDS SALARIES STAFF BENEFITS GENERAL EXPENSES SUPPLIES EQUIPMENT SCHOLARSHIPS TOTAL WITHOUT SALARIES TRAVEL TOTAL BUDGET 2005-06 $34,388 30,252 32,885 22,268 17,428 27,461 164,682 $5,828 5,299 5,618 2,385 1,292 3,135 23,557 $14,956 21,494 15,136 17,934 12,505 13,976 96,001 $15,185 22,250 16,450 200 13,600 13,015 80,700 $0 0 0 0 0 0 0 $40,200 60,300 40,200 0 26,700 35,175 202,575 $5,400 6,400 5,400 150 1,500 4,300 23,150 $81,569 115,743 82,804 20,669 55,597 69,601 425,983 $115,957 145,995 115,689 42,937 73,025 97,062 590,665 30,334 0 3,748 0 7,428 9,559 0 649 0 558 7,685 0 288 3,456 2,743 727,580 369,980 3,200 2,200 3,400 0 0 0 0 0 0 0 0 0 0 500 0 0 0 0 745,324 369,980 4,137 5,656 6,701 775,658 369,980 7,885 5,656 14,129 $206,192 $34,323 $110,173 $1,187,060 $0 $202,575 $23,650 $1,557,781 $1,763,973 PAGE 14 PANOLA COLLEGE CURRENT RESTRICTED FUND REVENUES 2005-2006 BUDGET TOTAL 2005-06 LOCAL SOURCES TRANSFERS IN FROM UNRESTRICTED FUND INTEREST/ROYALTY INCOME TOTAL LOCAL SOURCES $279,177 25,000 304,177 STATE SOURCES: CARL PERKINS GRANT NURSING INNOVATION GRANT 162,784 24,342 TOTAL STATE SOURCES 187,126 FEDERAL SOURCES: PELL AWARDS SEOG AWARDS CWS AWARDS ADULT BASIC EDUCATION GRANTS 1,805,828 114,537 100,000 237,233 TOTAL FEDERAL SOURCES 2,257,598 TOTAL CURRENT RESTRICTED FUND REVENUES $2,748,901 PAGE 15 PANOLA COLLEGE CURRENT RESTRICTED FUND EXPENDITURES 2005-2006 BUDGET TOTAL 2005-06 LOCAL SOURCES TUITION & FEE SCHOLARSHIPS TOTAL LOCAL SOURCES $304,177 304,177 STATE SOURCES: CARL PERKINS GRANT NURSING INNOVATION GRANT 162,784 24,342 TOTAL STATE SOURCES 187,126 FEDERAL SOURCES: PELL AWARDS SEOG AWARDS CWS AWARDS ADULT BASIC EDUCATION GRANTS 1,805,828 114,537 100,000 237,233 TOTAL FEDERAL SOURCES 2,257,598 TOTAL CURRENT RESTRICTED FUND EXPENDITURES $2,748,901 PAGE 16 PANOLA COLLEGE UNEXPENDED PLANT FUND 2005-2006 BUDGET TOTAL 2005-06 REVENUES RESERVE FOR LIBRARY INTEREST EARNINGS $187,370 32,000 TOTAL RESOURCES $219,370 EXPENDITURES LOAN PAYMENT ON PROPERTY (PRINCIPAL AND INTEREST) LOAN PAYMENT ON CONSTRUCTION (PRINCIPAL AND INTEREST) TOTAL EXPENDITURES $0 OTHER USES TRANSFER LOAN PAYMENT ON CONSTRUCTION (PRINCIPAL AND INTEREST) TRANSFER TO CONSTRUCTION FUND PLANT REPAIRS TRANSFERS TO CURRENT UNRESTRICTED FUND 400,000 193,886 TOTAL OTHER USES $593,886 TOTAL EXPENDITURES AND OTHER USES $593,886 ACCUMULATION (USE) OF CASH RESERVES ($374,516) PAGE 17 PANOLA COLLEGE CONSTRUCTION FUND 2005-2006 BUDGET TOTAL 2005-06 REVENUES TRANSFERS FROM UNEXPENDED PLANT FUND $400,000 TOTAL REVENUES $400,000 EXPENDITURES PLANT MAINTENANCE $400,000 TOTAL EXPENDITURES $400,000 PAGE 18