BUDGET
FISCAL YEAR
2006-2007
amended August 20, 2007
PANOLA COLLEGE
TABLE OF CONTENTS
2006-2007 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
2006-07 AND 2005-06
2006-07
BUDGET
2005-06
BUDGET
REVENUES AND OTHER SOURCES
TUITION AND FEES
LOCAL TAXES
STATE APPROPRIATIONS
STATE GRANTS
FEDERAL GRANTS
INTEREST/OTHER INCOME
AUXILIARY INCOME
BOND PROCEEDS
$3,122,795
4,100,050
3,294,704
221,445
2,200,008
1,049,345
1,533,000
$2,915,000
3,382,370
3,294,704
187,126
2,257,598
734,596
1,497,000
114,025
374,516
$15,635,372
$14,642,910
UNRESTRICTED FUND EXPENDITURES
AUXILIARY FUND EXPENDITURES
RESTRICTED FUND EXPENDITURES
CONSTRUCTION FUND EXPENDITURES
$10,046,870
1,790,696
2,759,461
675,000
$9,542,666
1,763,973
2,748,901
400,000
TOTAL EXPENDITURES
$15,272,027
$14,455,540
$909,049
537,370
363,345
$716,520
593,886
187,370
(909,049)
(537,370)
(716,520)
(593,886)
$363,345
$187,370
USE OF CASH RESERVES
TOTAL REVENUES
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)
PAGE 1
PANOLA COLLEGE
CURRENT UNRESTRICTED FUND REVENUE & EXPENDITURES
2006-07 BUDGET & 2005-06 BUDGET COMPARISON
REVENUE SOURCE
TUITION & FEES
LOCAL TAXES
STATE APPROPRIATIONS (ALLOCATED)
INTEREST INCOME
TRANSFERS FROM UNEXPENDED RESERVES
OTHER REVENUES
CARTHAGE
CAMPUS
SHELBY
CENTER
2006-07
BUDGET
$3,122,795
4,100,050
3,294,704
220,000
(137,630)
356,000
2005-06
BUDGET
$70,575
$346,630
74,460
365,711
33,400
51,500
$10,013,643
$178,435
$763,841
$10,955,919
$10,259,186
INSTRUCTION ACADEMIC
INSTRUCTION VOCATIONAL TECHNICAL
INSTRUCTIONAL SUPPORT
STUDENT SERVICES
INSTITUTIONAL SUPPORT
OPERATION OF PHYSICAL PLANT
WORKFORCE EDUCATION / OTHER
$2,337,008
1,681,098
789,537
726,311
2,184,134
1,243,396
204,195
$113,895
$287,374
395,435
3,100
7,180
42,819
31,388
$2,738,277
2,076,533
789,537
726,311
2,184,134
1,289,315
242,763
$2,483,493
2,113,044
762,936
694,551
2,157,103
1,168,660
162,879
TRANSFERS TO UNEXPENDED RESERVES
TRANSFERS TO OTHER FUNDS
363,345
545,704
363,345
545,704
187,370
529,150
$10,955,919
$10,259,186
TOTAL REVENUE
$2,705,590
4,100,050
2,854,533
220,000
(137,630)
271,100
MARSHALL
CENTER
$2,915,000
3,382,370
3,294,704
116,000
193,886
357,226
EXPENDITURES
TOTAL EXPENDITURES
$10,074,728
$124,175
$757,016
PAGE 2
Current Unrestricted Funds
Revenues By Major Function
TUITION & FEES
27.7%
LOCAL TAXES
36.3%
OTHER REVENUES
6.8%
STATE APPROPRIATIONS
29.2%
Page 3
Expenditures By Function
INSTRUCTION VOCATIONAL TECHNICAL
19.0%
INSTRUCTION ACADEMIC
25.0%
INSTRUCTION SUPPORT
7.2%
TRANSFERS
8.3%
STUDENT SERVICES
6.6%
OTHER INSTRUCTIONAL
2.2%
INSTITUTIONAL SUPPORT
19.9%
OPERATION OF PHYSICAL PLANT
11.8%
Page 4
Current Unrestricted Fund
Expenditures By Major Object
GENERAL EXPENDITURES
10.3%
SALARIES & WAGES
59.3%
STAFF BENEFITS
6.7%
TRANSFERS
8.3%
SCHOLARSHIPS
1.1%
CAPITAL EXPENDITURES
1.5%
SUPPLIES & OTHER
12.9%
Page 5
PANOLA COLLEGE
CURRENT UNRESTRICTED FUND EXPENDITURES
EXPENDITURE FUNCTIONAL BUDGET
2006-07
CARTHAGE
CAMPUS
MARSHALL
CENTER
ACADEMIC INSTRUCTION:
INSTRUCTIONAL ADMINISTRATION
BIOLOGY
PHYSICS/CHEMISTRY
PHYSICAL EDUCATION
VOCAL MUSIC
INSTRUMENTAL MUSIC
SPEECH
DRAMA
ART
SPANISH
ENGLISH
EDUCATION
JOURNALISM
MATHEMATICS
POLITICAL SCIENCE
HISTORY
BUSINESS
PSYCHOLOGY
DEVELOPMENTAL SKILLS
ACADEMIC RELATED
$167,437
321,362
78,126
199,526
94,626
136,470
95,575
90,530
73,097
50,607
248,417
40,513
44,352
242,353
121,911
63,623
71,179
63,938
133,366
$33,875
$144,237
80,020
143,137
$345,549
321,362
78,126
199,526
94,626
136,470
95,575
90,530
73,097
50,607
248,417
40,513
44,352
242,353
121,911
63,623
71,179
63,938
133,366
223,157
TOTAL ACADEMIC INSTRUCTION
2,337,008
113,895
287,374
2,738,277
WORKFORCE EDUCATION
EMT PROGRAM
OIL & GAS TECHNOLOGY
140,847
63,348
7,180
13,957
17,431
161,984
63,348
17,431
TOTAL OTHER INSTRUCTION
204,195
31,388
242,763
EXPENDITURES
SHELBY
CENTER
TOTAL
2006-07
OTHER INSTRUCTION
7,180
PAGE 6
PANOLA COLLEGE
CURRENT UNRESTRICTED FUND EXPENDITURES
EXPENDITURE FUNCTIONAL BUDGET
2006-07
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
INDUSTRIAL TECHNOLOGY
TOTAL VOCATIONAL TECHNICAL INSTRUCTION
INSTRUCTIONAL SUPPORT:
LIBRARY
DISTANCE LEARNING
COMPUTER SERVICES
TOTAL INSTRUCTIONAL SUPPORT
CARTHAGE
CAMPUS
MARSHALL
CENTER
7,779
121,592
209,110
85,488
109,633
182,270
118,364
658,017
188,845
1,681,098
SHELBY
CENTER
TOTAL
2006-07
225,144
5,250
88,865
7,779
121,592
209,110
85,488
185,809
182,270
118,364
658,017
413,989
5,250
88,865
395,435
2,076,533
76,176
0
392,062
209,653
392,062
209,653
187,822
187,822
789,537
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
219,452
380,146
190,456
51,970
1,137,710
97,887
43,352
8,713
6,300
TOTAL INSTITUTIONAL SUPPORT
2,184,134
0
0
789,537
48,148
219,452
380,146
190,456
51,970
1,137,710
97,887
43,352
8,713
6,300
0
0
2,184,134
PAGE 7
PANOLA COLLEGE
CURRENT UNRESTRICTED FUND EXPENDITURES
EXPENDITURE FUNCTIONAL BUDGET
2006-07
EXPENDITURES
CARTHAGE
CAMPUS
MARSHALL
CENTER
SHELBY
CENTER
TOTAL
2006-07
STUDENT SERVICES:
STUDENT SERVICES ADMINISTRATION
ADMISSIONS & REGISTRAR
STUDENT ACTIVITIES
STUDENT SENATE
FINANCIAL AID
GUIDANCE & COUNSELING
TESTING
HONORS PROGRAM
199,970
175,428
59,754
4,100
111,536
85,636
87,595
2,292
199,970
175,428
59,754
4,100
111,536
85,636
87,595
2,292
TOTAL STUDENT SERVICES
726,311
726,311
PHYSICAL PLANT:
GENERAL SERVICES
UTILITIES
943,846
299,550
0
3,100
0
42,819
943,846
345,469
TOTAL PHYSICAL PLANT
1,243,396
3,100
42,819
1,289,315
TOTAL EXPENDITURES BEFORE TRANSFERS
AND OTHER USES
9,165,679
124,175
757,016
10,046,870
TRANSFERS
TRANSFER TO AUXILIARY
239,696
239,696
TRANSFER TO UNEXPENDED PLANT
TRANSFER TO GENERAL SCHOLARSHIPS
363,345
306,008
363,345
306,008
TOTAL TRANSFERS
TOTAL EXPENDITURES AND TRANSFERS
909,049
0
0
909,049
$10,074,728
$124,175
$757,016
$10,955,919
PAGE 8
PANOLA COLLEGE
CURRENT UNRESTRICTED FUND EXPENDITURES
EXPENDITURES OBJECT BUDGET
2006-07
FUNCTION
SALARIES
STAFF
BENEFITS
GENERAL
EXPENSES
SUPPLIES
EQUIPMENT
SCHOLARSHIPS
TOTAL
WITHOUT
SALARIES
TRAVEL
TOTAL
BUDGET
2006-07
CARTHAGE CAMPUS
ACADEMIC INSTRUCTION:
ACADEMIC ADMINISTRATION
BIOLOGY
PHYSICS/CHEMISTRY
PHYSICAL EDUCATION
VOCAL MUSIC
INSTRUMENTAL MUSIC
SPEECH
DRAMA
ART
SPANISH
ENGLISH
EDUCATION
JOURNALISM
MATHEMATICS
POLITICAL SCIENCE
HISTORY
BUSINESS
PSYCHOLOGY
DEVELOPMENTAL SKILLS
$126,284
263,994
57,729
162,287
52,492
83,196
67,004
56,900
62,001
44,517
215,121
36,059
29,347
214,391
109,899
53,980
62,626
57,201
118,597
$13,528
28,768
6,332
14,939
4,599
8,739
5,996
5,192
6,697
5,015
25,376
2,889
2,745
21,762
9,591
4,718
6,878
4,977
11,779
$22,825
5,635
1,820
850
1,435
635
975
2,100
860
425
2,970
1,015
610
2,450
671
1,635
745
1,160
1,190
TOTAL ACADEMIC INSTRUCTION
1,873,625
190,520
50,006
$1,800 $
14,875
9,545
12,300
7,925
8,800
1,025
10,000
2,699
300
3,350
350
6,050
2,350
350
1,250
50
300
1,200
84,519
$
3,800
8,550
1,200
4,500
23,170
25,000
12,175
10,000
440
800
3,700
18,850
74,485
$3,000
4,290
2,700
600
3,805
5,600
8,400
6,338
400
350
800
200
1,900
1,400
1,400
2,040
880
300
600
$41,153
57,368
20,397
37,239
42,134
53,274
28,571
33,630
11,096
6,090
33,296
4,454
15,005
27,962
12,012
9,643
8,553
6,737
14,769
$167,437
321,362
78,126
199,526
94,626
136,470
95,575
90,530
73,097
50,607
248,417
40,513
44,352
242,353
121,911
63,623
71,179
63,938
133,366
45,003
463,383
2,337,008
PAGE 9
PANOLA COLLEGE
CURRENT UNRESTRICTED FUND EXPENDITURES
EXPENDITURES OBJECT BUDGET
2006-07
FUNCTION
SALARIES
STAFF
BENEFITS
GENERAL
EXPENSES
SUPPLIES
EQUIPMENT
SCHOLARSHIPS
TOTAL
WITHOUT
SALARIES
TRAVEL
TOTAL
BUDGET
2006-07
CARTHAGE CAMPUS
VOCATIONAL INSTRUCTION:
AGRICULTURE
OFFICE SYSTEMS TECHNOLOGY
COMPUTER INFORMATION SYSTEMS
WELDING
COSMETOLOGY
OCCUPATIONAL THERAPY ASSISTING
HEALTH INFORMATION TECHNOLOGY
ASSOC. DEGREE NURSING
VOCATIONAL NURSING
6,462
104,243
181,052
63,549
84,900
153,703
97,189
572,568
156,287
517
12,109
20,508
7,189
9,433
16,277
8,905
53,325
20,133
50
640
1,150
1,350
2,225
4,990
3,310
8,290
3,525
450
3,600
5,000
13,000
10,775
4,750
6,210
3,700
3,200
1,419,953
148,396
25,530
50,685
2,600
INSTRUCTIONAL SUPPORT:
LIBRARY
DISTANCE LEARNING
COMPUTER SERVICES
246,814
161,032
165,615
22,149
14,219
13,062
4,277
5,502
2,345
57,920
24,300
2,900
58,600
1,600
1,200
TOTAL INSTRUCTIONAL SUPPORT
573,461
49,430
12,124
85,120
61,400
85,514
48,407
8,841
9,441
21,392
2,100
17,100
0
1,000
133,921
18,282
23,492
17,100
1,000
TOTAL VOCATIONAL INSTRUCTION
800
1,800
0
0
300
1,000
1,400
400
1,500
2,550
2,750
18,334
5,700
1,317
17,349
28,058
21,939
24,733
28,567
21,175
85,449
32,558
7,779
121,592
209,110
85,488
109,633
182,270
118,364
658,017
188,845
33,934
261,145
1,681,098
2,302
3,000
2,700
145,248
48,621
22,207
392,062
209,653
187,822
8,002
216,076
789,537
8,000
2,400
55,333
14,941
140,847
63,348
10,400
70,274
204,195
OTHER INSTRUCTIONAL:
WORKFORCE EDUCATION
EMT PROGRAM
TOTAL OTHER INSTRUCTION
0
PAGE 10
PANOLA COLLEGE
CURRENT UNRESTRICTED FUND EXPENDITURES
EXPENDITURES OBJECT BUDGET
2006-07
FUNCTION
SALARIES
STAFF
BENEFITS
GENERAL
EXPENSES
SUPPLIES
EQUIPMENT
SCHOLARSHIPS
TOTAL
WITHOUT
SALARIES
TRAVEL
TOTAL
BUDGET
2006-07
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
1,800
3,535
13,645
86,958
375
253,600
2,085
3,900
4,225
7,150
2,700
400
784,755
1,550
6,300
38,948
21,747
30,248
8,340
3,903
4,929
7,584
43,352
498
365
300
700
778,792
159,549
362,663
805,380
152,033
135,956
36,720
13,777
12,697
3,634
95,497
76,115
56,414
8,939
6,621
5,131
17,910
20,675
16,950
225
3,600
550
1,000
105
7,250
4,100
950
75
1,200
850
21,050
300
552,735
50,799
61,015
35,775
181,945
320,728
90,333
43,792
52,426
83,268
2,000
42,000
2,000
4,000
42,000
800
800
0
3,500
8,000
6,375
2,125
3,500
0
1,400
0
850
6,000
48,148
37,507
59,418
100,123
8,178
1,085,284
14,619
43,352
2,413
6,300
48,148
219,452
380,146
190,456
51,970
1,137,710
97,887
43,352
8,713
6,300
31,750
1,405,342
2,184,134
9,000
2,000
1,500
3,800
1,500
1,500
4,000
1,887
47,937
39,472
23,034
4,100
16,039
9,521
31,181
2,292
199,970
175,428
59,754
4,100
111,536
85,636
87,595
2,292
25,187
173,576
726,311
PAGE 11
PANOLA COLLEGE
CURRENT UNRESTRICTED FUND EXPENDITURES
EXPENDITURES OBJECT BUDGET
2006-07
FUNCTION
STAFF
BENEFITS
SALARIES
GENERAL
EXPENSES
SUPPLIES
EQUIPMENT
SCHOLARSHIPS
WITHOUT
SALARIES
TRAVEL
BUDGET
2006-07
CARTHAGE CAMPUS
PHYSICAL PLANT
GENERAL SERVICES
UTILITIES
513,051
58,416
9,725
299,550
288,335
71,419
TOTAL PHYSICAL PLANT
513,051
58,416
309,275
288,335
71,419
0
2,900
430,795
299,550
943,846
299,550
2,900
730,345
1,243,396
239,696
363,345
306,008
239,696
363,345
306,008
TRANSFERS
TRANSFER TO AUXILIARY
TRANSFER TO UNEXPENDED PLANT - LIBRARY
TRANSFER TO GENERAL SCHOLARSHIPS
TOTAL TRANSFERS
TOTAL CARTHAGE CAMPUS
239,696
363,345
306,008
0
0
909,049
0
0
0
0
909,049
909,049
5,845,538
675,392
1,753,154
1,366,914
160,069
116,485
157,176
4,229,190
10,074,728
87,667
4,800
8,210
680
6,700
1,500
6,150
200
1,600
6,668
0
29,328
2,380
116,995
7,180
92,467
8,890
8,200
6,350
1,600
6,668
31,708
124,175
227,128
60,225
192,181
1,575
61,277
5,000
6,000
19,907
6,926
18,538
125
4,908
557
481
54,334
950
3,525
900
2,800
8,100
1,350
8,150
7,175
3,200
500
15,180
300
5,000
2,000
1,000
18,674
900
7,700
1,150
4,700
0
3,600
103,065
15,951
32,963
3,675
27,588
8,957
11,431
330,193
76,176
225,144
5,250
88,865
13,957
17,431
553,386
51,442
71,959
39,505
4,000
0
36,724
203,630
757,016
$6,491,391
$735,724
$1,833,313
$1,412,769
$165,669
$116,485
$200,568
$4,464,528
$10,955,919
MARSHALL CENTER
MARSHALL MALL CENTER
WORKFORCE EDUCATION
MARSHALL CENTER
0
SHELBY CENTER
SHELBY COLLEGE CENTER
COSMETOLOGY
VOCATIONAL NURSING
ENVIRONMENTAL TECHNOLOGY
INDUSTRIAL TECHNOLOGY
WORKFORCE EDUCATION
OIL & GAS TECHNOLOGY
SHELBY COLLEGE CENTER
GRAND TOTAL ALL LOCATIONS
1,000
PAGE 12
PANOLA COLLEGE
AUXILIARY FUNDS
2006-07 BUDGET & 2005-06 BUDGET COMPARISON
REVENUE SOURCE
COLLEGE STORE SALES
FOOD SERVICE
HOUSING
INTEREST INCOME
MISCELLANEOUS
TRANSFERS IN FROM UNRESTRICTED
TOTAL REVENUE
2006-07
BUDGET
2005-06
BUDGET
$835,000
343,000
355,000
4,000
14,000
239,696
$837,000
306,000
354,000
3,000
14,000
249,973
$1,790,696
$1,763,973
$783,088
376,000
607,465
24,143
$775,658
369,980
590,665
27,670
$1,790,696
$1,763,973
EXPENDITURES
COLLEGE STORE
FOOD SERVICE
ATHLETICS
HOUSING
TOTAL EXPENDITURES
PAGE 13
PANOLA COLLEGE
AUXILIARY FUND
EXPENDITURES OBJECT BUDGET
2006-07
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
2006-07
$28,282
30,221
32,811
21,102
15,000
27,360
154,776
$5,118
5,457
5,753
2,394
1,201
3,230
23,153
$16,816
25,434
19,136
17,934
12,780
13,976
106,076
$17,485
22,250
16,700
200
13,600
13,015
83,250
$0
0
0
0
0
0
0
$44,640
66,960
44,640
0
21,360
39,060
216,660
$5,400
6,400
5,400
150
1,500
4,700
23,550
$89,459
126,501
91,629
20,678
50,441
73,981
452,689
$117,741
156,722
124,440
41,780
65,441
101,341
607,465
29,410
0
2,898
0
1,875
9,793
0
666
0
570
8,245
0
331
2,650
3,453
735,340
376,000
2,600
2,200
3,900
0
0
1,000
0
2,000
0
0
0
0
0
300
0
0
0
0
753,678
376,000
4,597
4,850
9,923
783,088
376,000
7,495
4,850
11,798
$188,959
$34,182
$120,755
$1,203,290
$3,000
$216,660
$23,850
$1,601,737
$1,790,696
PAGE 14
PANOLA COLLEGE
CURRENT RESTRICTED FUND REVENUES
2006-07 BUDGET
TOTAL
2006-07
LOCAL SOURCES
TRANSFERS IN FROM UNRESTRICTED FUND
INTEREST/ROYALTY INCOME
TOTAL LOCAL SOURCES
$306,008
32,000
338,008
STATE SOURCES:
CARL PERKINS GRANT
ADULT BASIC EDUCATION GRANTS
NURSING INNOVATION GRANT
192,976
28,469
68,500
TOTAL STATE SOURCES
221,445
FEDERAL SOURCES:
PELL AWARDS
SEOG AWARDS
CWS AWARDS
HRSA NURSING SCHOLARSHIPS
SELF SUFFICIENCY FUND GRANT
ADULT BASIC EDUCATION GRANTS
1,700,000
105,518
95,940
24,000
140,000
134,550
TOTAL FEDERAL SOURCES
2,200,008
TOTAL CURRENT RESTRICTED FUND REVENUES
$2,759,461
PAGE 15
PANOLA COLLEGE
CURRENT RESTRICTED FUND EXPENDITURES
2006-07 BUDGET
LOCAL SOURCES
TUITION & FEE SCHOLARSHIPS
TOTAL LOCAL SOURCES
TOTAL
2006-07
$338,008
338,008
STATE SOURCES:
CARL PERKINS GRANT
ADULT BASIC EDUCATION GRANTS
TANF LITERACY GRANT
192,976
28,469
68,500
TOTAL STATE SOURCES
221,445
FEDERAL SOURCES:
PELL AWARDS
SEOG AWARDS
CWS AWARDS
HRSA NURSING SCHOLARSHIPS
SELF SUFFICIENCY FUND GRANT
ADULT BASIC EDUCATION GRANTS
1,700,000
105,518
95,940
24,000
140,000
134,550
TOTAL FEDERAL SOURCES
2,200,008
TOTAL CURRENT RESTRICTED FUND EXPENDITURES
$2,759,461
PAGE 16
PANOLA COLLEGE
UNEXPENDED PLANT FUND
2006-07 BUDGET
TOTAL
2006-07
REVENUES
RESERVE FOR LIBRARY
INTEREST EARNINGS
$363,345
60,000
TOTAL RESOURCES
$423,345
EXPENDITURES
TOTAL EXPENDITURES
$0
OTHER USES
TRANSFER LOAN PAYMENT ON CONSTRUCTION (PRINCIPAL AND INTEREST)
TRANSFER TO CONSTRUCTION FUND PLANT REPAIRS
TRANSFERS TO CURRENT UNRESTRICTED FUND
675,000
(137,630)
TOTAL OTHER USES
$537,370
TOTAL EXPENDITURES AND OTHER USES
$537,370
ACCUMULATION (USE) OF CASH RESERVES
($114,025)
PAGE 17
PANOLA COLLEGE
CONSTRUCTION FUND
2006-07 BUDGET
TOTAL
2006-07
REVENUES
TRANSFERS FROM UNEXPENDED PLANT FUND
$675,000
TOTAL REVENUES
$675,000
EXPENDITURES
PLANT MAINTENANCE
$675,000
TOTAL EXPENDITURES
$675,000
PAGE 18