BUDGET
FISCAL YEAR
2007-2008
PANOLA COLLEGE
TABLE OF CONTENTS
2007-2008 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
2007-08 AND 2006-07
2007-08
BUDGET
2006-07
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
$3,150,895
4,362,645
3,643,558
241,528
2,589,649
1,178,463
1,553,000
5,000,000
64,587
$3,122,795
3,875,050
3,294,704
221,445
2,200,008
949,345
1,533,000
(35,975)
$21,784,325
$15,160,372
UNRESTRICTED FUND EXPENDITURES
AUXILIARY FUND EXPENDITURES
RESTRICTED FUND EXPENDITURES
CONSTRUCTION FUND EXPENDITURES
$10,701,811
1,848,004
3,173,047
5,500,000
$10,046,870
1,790,696
2,759,461
200,000
TOTAL EXPENDITURES
$21,222,862
$14,797,027
$1,148,337
686,050
561,463
$909,049
387,370
363,345
(1,148,337)
(686,050)
(909,049)
(387,370)
$561,463
$363,345
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
2007-08 BUDGET & 2006-07 BUDGET COMPARISON
CARTHAGE
CAMPUS
MARSHALL
CENTER
$2,799,312
4,362,645
3,237,004
247,000
186,050
179,345
$70,901
$280,682
81,987
324,567
31,730
$11,011,356
INSTRUCTION ACADEMIC
INSTRUCTION VOCATIONAL TECHNICAL
INSTRUCTIONAL SUPPORT
STUDENT SERVICES
INSTITUTIONAL SUPPORT
OPERATION OF PHYSICAL PLANT
WORKFORCE EDUCATION / OTHER
$2,436,616
1,886,423
877,796
725,244
2,346,115
1,270,805
257,627
TRANSFERS TO UNEXPENDED RESERVES
TRANSFERS TO OTHER FUNDS
561,463
586,874
REVENUE SOURCE
TUITION & FEES
LOCAL TAXES
STATE APPROPRIATIONS (ALLOCATED)
INTEREST INCOME
TRANSFERS FROM UNEXPENDED RESERVES
OTHER REVENUES
TOTAL REVENUE
SHELBY
CENTER
2007-08
BUDGET
2006-07
BUDGET
48,925
$3,150,895
4,362,645
3,643,558
247,000
186,050
260,000
$3,122,795
3,875,050
3,294,704
220,000
187,370
256,000
$184,618
$654,174
$11,850,148
$10,955,919
$169,942
$306,670
351,440
12,477
4,414
45,919
10,323
$2,913,228
2,237,863
877,796
725,244
2,346,115
1,329,201
272,364
$2,738,277
2,076,533
789,537
726,311
2,184,134
1,289,315
242,763
561,463
586,874
363,345
545,704
$11,850,148
$10,955,919
EXPENDITURES
TOTAL EXPENDITURES
$10,948,963
$186,833
$714,352
PAGE 2
Current Unrestricted Funds
Revenues By Major Function
TUITION & FEES
26.6%
LOCAL TAXES
36.8%
OTHER REVENUES
5.8%
STATE APPROPRIATIONS
30.7%
Page 3
Expenditures By Function
INSTRUCTION VOCATIONAL TECHNICAL
18.9%
INSTRUCTION ACADEMIC
24.6%
INSTRUCTION SUPPORT
7.4%
STUDENT SERVICES
6.1%
TRANSFERS
9.7%
OTHER INSTRUCTIONAL
2.3%
INSTITUTIONAL SUPPORT
19.8%
OPERATION OF PHYSICAL PLANT
11.2%
Page 4
Current Unrestricted Fund
Expenditures By Major Object
GENERAL EXPENDITURES
11.0%
SALARIES & WAGES
57.7%
STAFF BENEFITS
6.4%
TRANSFERS
9.7%
SCHOLARSHIPS
0.7%
CAPITAL EXPENDITURES
2.1%
SUPPLIES & OTHER
12.4%
Page 5
PANOLA COLLEGE
CURRENT UNRESTRICTED FUND EXPENDITURES
EXPENDITURE FUNCTIONAL BUDGET
2007-08
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
SOCIOLOGY
BUSINESS
PSYCHOLOGY
DEVELOPMENTAL SKILLS
ACADEMIC RELATED
$212,874
329,327
100,272
201,593
92,192
144,111
91,752
86,195
76,702
52,559
243,549
39,829
55,512
246,981
125,767
70,230
5,913
62,967
79,555
118,736
$56,865
$139,115
113,077
167,555
$408,854
329,327
100,272
201,593
92,192
144,111
91,752
86,195
76,702
52,559
243,549
39,829
55,512
246,981
125,767
70,230
5,913
62,967
79,555
118,736
280,632
TOTAL ACADEMIC INSTRUCTION
2,436,616
169,942
306,670
2,913,228
WORKFORCE EDUCATION
EMT PROGRAM
193,351
64,276
4,414
10,323
208,088
64,276
TOTAL OTHER INSTRUCTION
257,627
4,414
10,323
272,364
EXPENDITURES
SHELBY
CENTER
TOTAL
2007-08
OTHER INSTRUCTION
PAGE 6
PANOLA COLLEGE
CURRENT UNRESTRICTED FUND EXPENDITURES
EXPENDITURE FUNCTIONAL BUDGET
2007-08
EXPENDITURES
VOCATIONAL TECHNICAL INSTRUCTION:
AGRICULTURE
OFFICE SYSTEMS TECHNOLOGY
COMPUTER INFORMATION SYSTEMS
WELDING
PETROLEUM TECHNOLOGY
COSMETOLOGY
OCCUPATIONAL THERAPY ASSISTING
HEALTH INFORMATION TECHNOLOGY
ASSOC. DEGREE NURSING
VOCATIONAL NURSING
INDUSTRIAL TECHNOLOGY
TOTAL VOCATIONAL TECHNICAL INSTRUCTION
INSTRUCTIONAL SUPPORT:
LIBRARY
DISTANCE LEARNING
COMPUTER SERVICES
TOTAL INSTRUCTIONAL SUPPORT
CARTHAGE
CAMPUS
MARSHALL
CENTER
2,054
130,578
204,515
72,220
153,921
110,163
189,890
125,617
709,985
187,480
1,886,423
SHELBY
CENTER
TOTAL
2007-08
196,540
76,156
2,054
130,578
204,515
72,220
153,921
188,907
189,890
125,617
709,985
384,020
76,156
351,440
2,237,863
78,744
0
415,340
258,912
415,340
258,912
203,544
203,544
877,796
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
50,087
248,423
379,091
192,876
52,906
1,219,557
139,818
40,722
5,285
17,350
TOTAL INSTITUTIONAL SUPPORT
2,346,115
0
0
877,796
50,087
248,423
379,091
192,876
52,906
1,219,557
139,818
40,722
5,285
17,350
0
0
2,346,115
PAGE 7
PANOLA COLLEGE
CURRENT UNRESTRICTED FUND EXPENDITURES
EXPENDITURE FUNCTIONAL BUDGET
2007-08
EXPENDITURES
CARTHAGE
CAMPUS
MARSHALL
CENTER
SHELBY
CENTER
TOTAL
2007-08
STUDENT SERVICES:
STUDENT SERVICES ADMINISTRATION
ADMISSIONS & REGISTRAR
STUDENT ACTIVITIES
STUDENT SENATE
FINANCIAL AID
GUIDANCE & COUNSELING
TESTING
HONORS PROGRAM
171,677
178,957
50,718
4,100
115,359
112,798
88,940
2,695
171,677
178,957
50,718
4,100
115,359
112,798
88,940
2,695
TOTAL STUDENT SERVICES
725,244
725,244
PHYSICAL PLANT:
GENERAL SERVICES
UTILITIES
947,697
323,108
1,500
10,977
0
45,919
949,197
380,004
TOTAL PHYSICAL PLANT
1,270,805
12,477
45,919
1,329,201
TOTAL EXPENDITURES BEFORE TRANSFERS
AND OTHER USES
9,800,626
186,833
714,352
10,701,811
TRANSFERS
TRANSFER TO AUXILIARY
277,004
277,004
TRANSFER TO UNEXPENDED PLANT
TRANSFER TO GENERAL SCHOLARSHIPS
561,463
309,870
561,463
309,870
TOTAL TRANSFERS
TOTAL EXPENDITURES AND TRANSFERS
1,148,337
0
0
1,148,337
$10,948,963
$186,833
$714,352
$11,850,148
PAGE 8
PANOLA COLLEGE
CURRENT UNRESTRICTED FUND EXPENDITURES
EXPENDITURES OBJECT BUDGET
2007-08
FUNCTION
SALARIES
STAFF
BENEFITS
GENERAL
EXPENSES
SUPPLIES
EQUIPMENT
SCHOLARSHIPS
TOTAL
WITHOUT
SALARIES
TRAVEL
TOTAL
BUDGET
2007-08
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
SOCIOLOGY
BUSINESS
PSYCHOLOGY
DEVELOPMENTAL SKILLS
$163,978
277,733
80,916
167,377
50,754
89,684
69,604
48,659
66,587
44,402
216,706
35,176
40,704
218,722
113,803
55,689
4,725
55,632
71,819
104,512
$21,751
23,684
8,211
14,716
4,267
8,842
6,048
4,217
6,700
4,582
19,223
2,938
3,441
20,834
9,543
4,671
388
5,880
5,996
10,034
$22,345
5,885
1,270
550
1,505
2,085
1,025
2,801
965
425
2,970
715
875
2,575
671
1,820
300
625
1,140
1,340
TOTAL ACADEMIC INSTRUCTION
1,977,182
185,966
51,887
$1,800 $
14,625
8,575
12,150
8,575
8,500
900
10,500
1,550
300
3,850
300
6,050
2,350
350
1,050
500
50
300
1,200
83,475
$
3,110
6,200
4,500
23,170
25,000
12,175
13,680
400
2,542
13,810
76,967
$3,000
4,290
1,300
600
3,921
5,500
2,000
6,338
500
2,850
800
700
1,900
2,500
1,400
7,000
0
780
300
1,650
$48,896
51,594
19,356
34,216
41,438
54,427
22,148
37,536
10,115
8,157
26,843
4,653
14,808
28,259
11,964
14,541
1,188
7,335
7,736
14,224
$212,874
329,327
100,272
201,593
92,192
144,111
91,752
86,195
76,702
52,559
243,549
39,829
55,512
246,981
125,767
70,230
5,913
62,967
79,555
118,736
47,329
459,434
2,436,616
PAGE 9
PANOLA COLLEGE
CURRENT UNRESTRICTED FUND EXPENDITURES
EXPENDITURES OBJECT BUDGET
2007-08
FUNCTION
SALARIES
STAFF
BENEFITS
GENERAL
EXPENSES
SUPPLIES
EQUIPMENT
SCHOLARSHIPS
TOTAL
WITHOUT
SALARIES
TRAVEL
TOTAL
BUDGET
2007-08
CARTHAGE CAMPUS
VOCATIONAL INSTRUCTION:
AGRICULTURE
OFFICE SYSTEMS TECHNOLOGY
COMPUTER INFORMATION SYSTEMS
WELDING
PETROLEUM TECHNOLOGY
COSMETOLOGY
OCCUPATIONAL THERAPY ASSISTING
HEALTH INFORMATION TECHNOLOGY
ASSOC. DEGREE NURSING
VOCATIONAL NURSING
1,575
113,476
175,478
49,215
66,628
87,480
162,261
100,005
627,516
157,174
129
11,932
18,597
4,855
17,943
8,548
13,820
8,662
52,239
16,086
150
1,090
1,000
2,250
2,800
2,435
5,584
4,335
8,785
5,230
200
3,430
8,490
14,000
13,550
10,500
4,850
6,400
5,700
2,990
1,540,808
152,811
33,659
70,110
53,600
INSTRUCTIONAL SUPPORT:
LIBRARY
DISTANCE LEARNING
COMPUTER SERVICES
257,434
187,919
173,577
21,659
21,625
13,992
5,147
11,082
425
66,500
35,076
8,700
60,600
TOTAL INSTRUCTIONAL SUPPORT
618,930
57,276
16,654
110,276
60,600
WORKFORCE EDUCATION
EMT PROGRAM
131,635
44,371
14,066
9,485
18,850
3,550
20,000
2,150
800
TOTAL OTHER INSTRUCTION
176,006
23,551
22,400
22,150
800
TOTAL VOCATIONAL INSTRUCTION
1,500
51,500
600
0
0
0
650
950
400
1,500
1,200
3,375
6,215
15,145
6,000
479
17,102
29,037
23,005
87,293
22,683
27,629
25,612
82,469
30,306
2,054
130,578
204,515
72,220
153,921
110,163
189,890
125,617
709,985
187,480
35,435
345,615
1,886,423
4,000
3,210
6,850
157,906
70,993
29,967
415,340
258,912
203,544
14,060
258,866
877,796
8,000
4,720
61,716
19,905
193,351
64,276
12,720
81,621
257,627
OTHER INSTRUCTIONAL:
0
PAGE 10
PANOLA COLLEGE
CURRENT UNRESTRICTED FUND EXPENDITURES
EXPENDITURES OBJECT BUDGET
2007-08
FUNCTION
SALARIES
STAFF
BENEFITS
GENERAL
EXPENSES
SUPPLIES
EQUIPMENT
SCHOLARSHIPS
TOTAL
WITHOUT
SALARIES
TRAVEL
TOTAL
BUDGET
2007-08
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
2,595
15,165
86,958
325
372,667
1,465
3,900
4,000
8,150
2,700
400
779,326
4,800
3,150
40,887
25,175
28,070
8,100
3,785
4,546
14,154
40,722
250
335
420
750
600
818,340
165,689
481,730
804,626
125,249
127,634
28,875
10,628
16,992
2,443
98,385
101,373
58,112
8,524
8,525
5,078
19,050
22,056
18,450
225
3,750
550
700
105
7,250
4,275
950
75
1,200
850
21,050
300
539,628
52,190
64,886
35,950
208,653
316,631
92,993
44,896
54,018
97,999
9,000
20,000
20,000
9,000
6,000
6,000
0
3,500
8,000
11,075
2,125
3,500
0
1,400
0
800
16,330
50,087
39,770
62,460
99,883
8,010
1,165,539
41,819
40,722
2,135
17,350
50,087
248,423
379,091
192,876
52,906
1,219,557
139,818
40,722
5,285
17,350
46,730
1,527,775
2,346,115
9,500
2,000
0
3,800
3,500
1,500
4,000
2,290
46,428
51,323
21,843
4,100
16,974
11,425
30,828
2,695
171,677
178,957
50,718
4,100
115,359
112,798
88,940
2,695
26,590
185,616
725,244
PAGE 11
PANOLA COLLEGE
CURRENT UNRESTRICTED FUND EXPENDITURES
EXPENDITURES OBJECT BUDGET
2007-08
FUNCTION
STAFF
BENEFITS
SALARIES
GENERAL
EXPENSES
SUPPLIES
EQUIPMENT
SCHOLARSHIPS
WITHOUT
SALARIES
TRAVEL
BUDGET
2007-08
CARTHAGE CAMPUS
PHYSICAL PLANT
GENERAL SERVICES
UTILITIES
532,168
63,869
7,925
323,108
254,735
88,500
TOTAL PHYSICAL PLANT
532,168
63,869
331,033
254,735
88,500
0
500
415,529
323,108
947,697
323,108
500
738,637
1,270,805
277,004
561,463
309,870
277,004
561,463
309,870
TRANSFERS
TRANSFER TO AUXILIARY
TRANSFER TO UNEXPENDED PLANT - LIBRARY
TRANSFER TO GENERAL SCHOLARSHIPS
TOTAL TRANSFERS
TOTAL CARTHAGE CAMPUS
277,004
561,463
309,870
0
0
1,148,337
0
0
0
0
1,148,337
1,148,337
6,203,062
701,352
2,150,586
1,381,322
243,310
85,967
183,364
4,745,901
10,948,963
114,365
3,800
9,225
614
19,029
0
36,800
0
3,000
0
68,054
614
182,419
4,414
118,165
9,839
19,029
36,800
0
3,000
68,668
186,833
244,115
61,865
164,966
43,715
2,000
19,872
6,579
14,354
3,591
323
57,354
1,375
5,230
3,200
8,000
16,690
8,425
2,990
24,150
0
6,400
8,158
500
8,000
1,500
0
108,474
16,879
31,574
32,441
8,323
352,589
78,744
196,540
76,156
10,323
516,661
44,719
75,159
52,255
7,400
0
18,158
197,691
714,352
$6,837,888
$755,910
$2,244,774
$1,470,377
$250,710
$85,967
$204,522
$5,012,260
$11,850,148
MARSHALL CENTER
MARSHALL MALL CENTER
WORKFORCE EDUCATION
MARSHALL CENTER
0
SHELBY CENTER
SHELBY COLLEGE CENTER
COSMETOLOGY
VOCATIONAL NURSING
INDUSTRIAL TECHNOLOGY
WORKFORCE EDUCATION
SHELBY COLLEGE CENTER
GRAND TOTAL ALL LOCATIONS
1,000
PAGE 12
PANOLA COLLEGE
AUXILIARY FUNDS
2007-08 BUDGET & 2006-07 BUDGET COMPARISON
REVENUE SOURCE
COLLEGE STORE SALES
FOOD SERVICE
HOUSING
INTEREST INCOME
MISCELLANEOUS
TRANSFERS IN FROM UNRESTRICTED
TOTAL REVENUE
2007-08
BUDGET
2006-07
BUDGET
$835,000
343,000
375,000
4,000
14,000
277,004
$835,000
343,000
355,000
4,000
14,000
239,696
$1,848,004
$1,790,696
$789,173
370,736
654,185
33,910
$783,088
376,000
607,465
24,143
$1,848,004
$1,790,696
EXPENDITURES
COLLEGE STORE
FOOD SERVICE
ATHLETICS
HOUSING
TOTAL EXPENDITURES
PAGE 13
PANOLA COLLEGE
AUXILIARY FUND
EXPENDITURES OBJECT BUDGET
2007-08
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
2007-08
$29,703
31,678
34,242
19,965
16,050
29,344
160,982
$11,350
9,835
12,023
3,571
1,318
3,537
41,634
$17,626
32,897
20,456
17,934
12,300
19,996
121,209
$21,195
22,250
19,900
200
13,600
13,015
90,160
$0
0
0
0
0
0
0
$44,640
66,950
44,640
0
21,360
39,060
216,650
$5,400
6,400
5,400
150
1,500
4,700
23,550
$100,211
138,332
102,419
21,855
50,078
80,308
493,203
$129,914
170,010
136,661
41,820
66,128
109,652
654,185
32,289
0
9,328
1,728
3,659
10,564
0
1,332
7
571
8,445
0
8,185
0
0
737,575
370,736
8,100
0
1,000
0
0
0
0
0
0
0
0
0
0
300
0
0
0
0
756,884
370,736
17,617
7
1,571
789,173
370,736
26,945
1,735
5,230
$207,986
$54,108
$137,839
$1,207,571
$0
$216,650
$23,850
$1,640,018
$1,848,004
PAGE 14
PANOLA COLLEGE
CURRENT RESTRICTED FUND REVENUES
2007-08 BUDGET
TOTAL
2007-08
LOCAL SOURCES
TRANSFERS IN FROM UNRESTRICTED FUND
INTEREST/ROYALTY INCOME
TOTAL LOCAL SOURCES
$309,870
32,000
341,870
STATE SOURCES:
TEXAS GRANTS
ADULT BASIC EDUCATION GRANTS
NURSING INNOVATION GRANT
213,728
27,800
40,000
TOTAL STATE SOURCES
241,528
FEDERAL SOURCES:
PELL AWARDS
SEOG AWARDS
CWS AWARDS
MEDICAL SKILLS GRANT
PETROLEUM SKILLS GRANT
CARL PERKINS GRANT
TECH PREP
ADULT BASIC EDUCATION GRANTS
1,842,000
113,833
96,678
80,000
20,000
177,338
20,000
239,800
TOTAL FEDERAL SOURCES
2,589,649
TOTAL CURRENT RESTRICTED FUND REVENUES
$3,173,047
PAGE 15
PANOLA COLLEGE
CURRENT RESTRICTED FUND EXPENDITURES
2007-08 BUDGET
LOCAL SOURCES
TUITION & FEE SCHOLARSHIPS
TOTAL LOCAL SOURCES
TOTAL
2007-08
$341,870
341,870
STATE SOURCES:
TEXAS GRANTS
ADULT BASIC EDUCATION GRANTS
TANF LITERACY GRANT
TOTAL STATE SOURCES
213,728
27,800
40,000
241,528
FEDERAL SOURCES:
PELL AWARDS
SEOG AWARDS
CWS AWARDS
MEDICAL SKILLS GRANT
PETROLEUM SKILLS GRANT
CARL PERKINS GRANT
TECH PREP
ADULT BASIC EDUCATION GRANTS
1,842,000
113,833
96,678
80,000
20,000
177,338
20,000
239,800
TOTAL FEDERAL SOURCES
2,589,649
TOTAL CURRENT RESTRICTED FUND EXPENDITURES
$3,173,047
PAGE 16
PANOLA COLLEGE
UNEXPENDED PLANT FUND
2007-08 BUDGET
TOTAL
2007-08
REVENUES
RESERVE FOR LIBRARY
INTEREST EARNINGS
$561,463
60,000
TOTAL RESOURCES
$621,463
EXPENDITURES
TOTAL EXPENDITURES
$0
OTHER USES
TRANSFER TO CONSTRUCTION FUND LIBRARY RENOVATION & EXPANSION
TRANSFERS TO CURRENT UNRESTRICTED FUND
500,000
186,050
TOTAL OTHER USES
$686,050
TOTAL EXPENDITURES AND OTHER USES
$686,050
ACCUMULATION (USE) OF CASH RESERVES
($64,587)
PAGE 17
PANOLA COLLEGE
CONSTRUCTION FUND
2007-08 BUDGET
TOTAL
2007-08
REVENUES
TRANSFERS FROM UNEXPENDED PLANT FUND
REVENUE BOND
TOTAL REVENUES
$500,000
5,000,000
$5,500,000
EXPENDITURES
LIBRARY RENOVATION & EXPANSION
$5,500,000
TOTAL EXPENDITURES
$5,500,000
PAGE 18