EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
AUDITED FINANCIAL STATEMENTS AND
SUPPLEMENTAL INFORMATION WITH SCHEDULES OF
EXPENDITURES OF FEDERAL AND STATE AWARDS
AUGUST 31, 2010
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
PRINCIPAL OFFICALS
For the Fiscal Year Ended August 31, 2010
BOARD OF TRUSTEES
Term Expires
Officers
Mr. Art Fierro, Chair
May 2012
Ms. Gracie Quintanilla, Vice Chair
May 2016
Dr. John E. Uxer, Secretary
May 2016
Members
Mr. Nicolas Dominguez
Dr. Carmen Olivas Graham
Mr. Brian Haggerty
Mrs. Belen Robles
May 2012
May 2012
May 2014
May 2014
PRINCIPAL ADMINISTRATIVE OFFICERS
Dr. Richard M. Rhodes, C.P.A.
Dr. Ernst E. Roberts II
President
Executive Assistant to the President
Dr. Dennis Brown
Vice President, Instruction
Mr. Saul Candelas
Vice President, Research and Development
Ms. Linda Gonzalez Hensgen
Interim Vice President, Student Services
Dr. Jenny M. Giron
Interim Vice President, Information Technology
Ms. Yolanda Ahner
Vice President, WorkforcejEconomic Development and Continuing Education
Ms. Josette Shaughnessy, C.P.A.
Mr. Fernando Flores, C.P.A
Associate Vice President, Budget and Financial Services
Comptroller
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
August 31, 2010
Table of Contents
Exhibit
REPORT OF INDEPENDENT ACCOUNT ANTS .....................................................
MANAGEMENT'S DISCUSSION AND ANALySIS...............................................
FINANCIAL STATEMENTS
Statement of Net Assets........................................................................................... .
Statement of Revenues, Expenses, and Changes in Net Assets ....................... .
Statement of Cash Flows ......................................................................................... .
Notes to Financial Statements .................................................................................
SUPPLEMENTARY INFORMATION ....................................................................... .
Schedule of Operating Revenues ...........................................................................
Schedule of Operating Expenses by Object ........................................................ .
Schedule of Non-Operating Revenues and Expenses ........................................
Schedule of Net Assets by Source and Availability............................................
1-2
I-X
1
2
3
3
4
5
6-27
Schedule
A
B
C
D
SCHEDULE OF EXPENDITURES OF FEDERAL AND STATE AWARDS AND REPORTS
Schedule of Expenditures of Federal Awards..........................................
E
Notes to the Schedule of Expenditures of Federal Awards ...............................
Schedule of Expenditures of State Awards...............................................
F
Notes to the Schedule of Expenditures of State Awards....................................
Independent Auditor's Report on Internal Control Over Financial Reporting ..
and on Compliance and Other Matters Based on an Audit of Financial .....
Statements Performed in Accordance with Government Auditing Standards
Independent Auditor's Report on Compliance with Requirements That Could
Have a Direct and Material Effect on Each Major Program and on Internal Control
Over Compliance in Accordance with OMB Circular A-133 and the State of
Texas Single Audit Circular................................................................................
Schedule of Findings and Questioned Costs... ...... ... ...... ...... ......... ... ...... ....
STATISTICAL SECTION (UNAUDITED)......... ... ... ...... ...... ... ...... ... ...... ... ... ....
Page
Number
28
29
30
31
32-35
36
37
38
39-40
41-42
43-45
46-76
MANAGEMENT'S DISCUSSION AND ANAYLSIS
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
MANAGEMENT'S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED AUGUST 31, 2010
The following discussion and analysis of EI Paso County Community College District's
annual financial statements, prepared by the financial managers of the College, provides an
overview of the College's financial operations for the years ended August 31, 2010 and
2009. The external audit firm of Pena Briones McDaniel & Co., P.c. has prepared the
financial statements and the related footnote disclosures. This section is designed to assist
the reader in the interpretation of the financial statements and should be read in
conjunction with the disclosure notes that accompany the basic financial statements.
Responsibility for the completeness and fairness of the information rests with the
management of the College.
OVERVIEW OF FINANCIAL STATEMENTS
The financial statements are prepared in accordance with the GASB Statement No. 34,
"Basic Financial Statements and Management's Discussion and Analysis for State and Local
Governments and Statement No. 35, "Basic Financial Statements and Management's Discussion
and Analysis for Public Colleges and Universities". The College is reported as a special-purpose
government engaged in business-type activities and uses the accrual method of accounting,
which means that revenue is recognized when earned and expenses are recorded when
incurred regardless of when cash is received or paid. The core financial statements
required by GASB 34 are the Statement of Net Assets, the Statement of Revenues, Expenses
and Changes in Net Assets, and the Statement of Cash Flows.
Statement of Net Assets
The purpose of the Statement of Net Assets is to report at a point in time the total net assets
available to finance future services, and to give the reader a snapshot of the financial
condition of EI Paso County Community College District. According to GASB 34, the
classification of the components of the Statement of Net Assets is as follows:
Current Assets: assets available to satisfy current liabilities.
Long-term Assets: include capital assets and other assets not classified as current.
Current Liabilities: include obligations due within one year.
Long-term Liabilities: include bonds payable and other long-term commitments.
Net Assets: difference between assets and liabilities and presented in three
categories
•
Invested in Capital Assets, Net of Related Debt-represents the
District's net investment in property, plant and equipment net of
accumulated depreciation and amortization on the assets and the
related outstanding debt used to construct, purchase or renovate
them.
•
Restricted Net Assets are classified as expendable (available for
expenditure in accordance with the restrictions of donors and other
external entities) and nonexpendable (permanent endowment corpus
only available for investment purposes).
•
Unrestricted Net Assets-available for any lawful purpose of the
District and maintained to ensure sufficient reserve funds for longterm viability of the District.
Statement of Revenues, Expenses and Changes in Net Assets
The intent of the Statement of Revenues, Expenses and Changes in Net Assets is to report
the burden of the government's functions on non-operating (general) revenues, defined as
the amount of the functions that are not supported by charges to users (GASB34, Par. 38).
The statement is divided into Operating Revenues and Expenses, and Non-Operating
Revenues and Expenses. Operating revenues are generated from the services provided to
students and other customers of the District and represent an exchange for services.
Operating expenses are incurred in the production of goods and services that result in
operating revenues. Property taxes, state appropriations and Title IV funds represent nonexchange transactions and thus classified under Non-Operating Revenues, which means
that Texas community colleges will generally report an operating deficit before taking into
account other support. Therefore, revenue and expenses should be considered in total
when assessing the change in the College's financial position.
Statement of Cash Flows
The primary purpose of the statement of cash flows is to provide relevant information
about the cash receipts and cash payments of the College during the fiscal period. This
statement is intended to complement the accrual-basis financial statements by providing
functional information about financing, capital and investing activities and reports the
effects of the College's operations, capital and non-capital financing transactions, and
investing transactions on the College's financial position. This statement also helps users to
determine the entity's ability to meet its obligations as they come due and the potential
need for external financing. The final portion of the statement reconciles the net income or
loss from operations to the provided or used by operations. The statement is structured as
follows:
Cash flows from operating activities
Cash flows from noncapital financing activities
Cash flows from capital financing activities
Cash flows from investing activities
ii
CONDENSED COMPARATIVE FINANCIAL INFORMATION
To show the trends for the two years shown in the statement of Net Assets (Exhibit 1), a
summary of three years of data for the years ended August 31, 2008 thru 2010 is presented
below:
Condensed Statement of Net Assets
(In Millions)
August 31
Change
2009 to
2010
2008 to
2009
$ 86.6
28.6
102.5
$ 217.7
$ 0.7
0.6
6.3
$ (2.5)
8.5
6.6
12.6
$ 53.0
70.8
$123.8
$ 41.5
73.3
$114.8
$ 3.6
{1.0}
2.6
$ 11.4
{2.5}
$ (8.9}
$ 61.6
$ 55.0
$ 51.7
$ 6.6
$ 3.3
31.1
18.8
111.5
33.4
18.1
106.5
32.8
18.3
$102.8
(2.3)
0.7
5.0
0.6
{0.2}
$ 3.7
2010
2009
2008
$ 84.8
37.7
115.4
$ 237.9
$ 84.1
37.1
109.1
230.3
$ 56.6
69.8
$126.4
Assets
Cash and Investments
Other Assets
Capital Assets
Total Assets
Liabilities
Current Liabilities
Long-Term Liabilities
Total Liabilities
Net Assets
Invested in Capital Assets, Net of Related
Debt
Restricted
Unrestricted
Total Net Assets
Total Assets increased by $7.6 million due to a combination of factors: as a major
component of the Statement of Net Assets, cash had a modest increase from fiscal year 2009
of $ .7 million. This amount represents the net of the following activities: cash used in
operating activities increased substantially or $21.1 million from fiscal year 2009 mostly due
to a large increase in scholarships related to the enrollment growth during the fiscal year as
a result of the downturn in the economy. Payments to employees also increased due to (1)
the additional faculty hired to deal with the enrollment growth and (2) the 3 % salary
enhancement for all employees. Related to this enrollment growth is the increase in the
cash provided by noncapital financial activities mostly due to additional Pell grant funding
in the tune of $23 million to be distributed to eligible students. The decrease in state
appropriations due to the 5% reduction mandated by the State was partly offset by the
increase in property taxes. Finally the net cash used in capital and related financing
activities decreased from the previous year due to proceeds from the LoneStar program for
energy efficiency projects.
iii
Other Assets did not significantly increase from last year. While the student receivables
increased due to enrollment growth, other receivables decreased due to collections such as
the accounts receivables from the State Comptroller Office for the LoneStar Program.
Capital Assets increased by $6.3 million composed of various construction projects
throughout the District, notably the district-wide energy efficiency project of $2.5 million.
Other completed projects include lands improvements to the Early College High Schools of
the Valle Verde, Mission del Paso, Transmountain and Northwest campuses. Included in
this increase are other construction projects currently in progress such as the roof
replacements of both buildings of the Administrative Service Center in the amount of $2.6
million. The increase in Capital Assets is offset by the depreciation expense of $4.1 million.
Total liabilities increased from the prior year by $2.6 million, the combination of $3.6
million increase and $1 million decrease in Current Liabilities and Long-Term Liabilities
respectively. The increase in Current Liabilities is mostly due to the deferred revenue
related to the Fall 10 Tuition and Fees and the early disbursement of Pell grant awards to
students. This favorable increase of $3 million is mostly attributable to tuition and fees
collected in August and a result of the substantial enrollment growth experienced in fall
2010. Current liabilities also include the increase in Notes Payable to the State
Comptroller's Office for the LoanStar program.
The $1.0 million decrease in Long-Term Liabilities is the combination of the following
factors: (1) the payment of revenue bonds offset by the amortization of bond premium and
deferred loss on the 2007 bonds and (2) the increase in Notes Payable for the additional
LoanStar note to the State Comptroller's office for the energy efficiency project completed
in fiscal year 2010.
The major impact on the net assets as a result of the implementation of GASB 34 is that
capitalized expenses with a threshold of $5,000 are now depreciated. Depreciation for the
year ended August 31, 2010 was $4,121,401 or a slight increase of $65,000 over the 2009
depreciation. This increase is mostly attributable to the completion of capital projects.
Notwithstanding the impact of depreciation on the increase in Net Assets, the College
experienced an overall increase in Net Assets of $5 million, which represents a steady
increase for the District without imposing a heavy burden on its students and taxpayers.
This increase is directly related to the increase in Net Assets Invested in Capital Assets, Net
of Related Debt of $6.6 million due to the completion of capital projects funded by the 2007
revenue bonds, and other plant fund reserves. Restricted Net Assets decreased by $2.3
million due to the completion of capital projects. The increase in the Unrestricted Net
Assets of $700,000 is the combination of a $1 million increase in unrestricted fund balance
as a result of operations, and a net decrease of $300,000 in Auxiliary Funds due to the
transfer of funds to the Unexpended Plant Fund for upcoming capital projects.
Increase in Net Assets is affected by the revenues generated and the expenses incurred by
the District. The following condensed financial information shows total revenues and
expenses for fiscal years 2010, 2009 and 2008:
iv
Condensed Statement of Revenue, Expenses, and Changes in Net Assets
(In Millions)
August 31
2009 to
2010
2008 to
2009
$14.4
$ 1.6
$ (0.6)
10.9
10.8
.7
0.1
1.5
.9
$29.4
1.4
1.0
$27.1
1.4
0.9
27.5
.1
$54.3
$50.0
$48.4
$4.3
$ 1.6
6.2
18.4
10.6
20.0
9.5
42.0
1.8
4.1
$166.9
5.6
17.5
10.2
19.2
9.6
26.3
1.5
4.0
143.9
6.4
16.7
10.2
19.9
9.0
22.1
1.8
4.0
138.5
.6
.9
.4
.8
(.1)
15.7
.3
.1
23.0
(0.8)
0.8
$(137.5)
$(116.8)
$(111.0)
$ (20.7)
$ (5.8)
$41.6
36.9
65.8
0.5
$43.2
36.2
42.7
$43.4
34.8
37.7
$ (1.6)
0.7
23.1
0.5
$ (0.2)
1.4
5.0
0.8
1.6
3.4
(0.8)
(1.8)
{3.1}
$142.5
{3.2}
$120.5
{3.4}
$115.9
0.1
$22.0
0.2
4.6
$ 5.0
$ 3.7
$4.9
$ 1.3
$ (1.2)
$ 5.0
$3.7
$4.9
$ 1.3
$ (1.2)
106.5
$111.5
102.8
$106.5
97.9
$102.8
3.7
$ 5.0
4.9
$3.7
2009
2008
$15.4
$13.8
11.6
2010
Operating Revenues
Tuition and Fees (net of Discounts)
Federal, State and Local Grants and
Contracts
Auxiliary Enterprise
Other
Total Operating Revenues
Operating Expenses
Instruction
Research
Public Service
Academic Support
Student Services
Institutional Support
Operation and Maintenance of Plant
Scholarships and Fellowships
Auxiliary Enterprises
Depreciation
Total Operating Expenses
Operating Loss
Non-Operating Revenues (Expenses)
State Appropriations
Maintenance Ad-Valorem Taxes
Federal Revenue - Non-Operating
Other State Revenue - Non-Operating
Investment Income (Net of Investment
Expense)
Interest on Capital Related Debt
Net Non-Operating Revenues
Before
Income
(Expenses),
Other
Net Assets, Beginning of Year
Net Assets, End of Year
0.1
$ (0.4)
(0.7)
0.6
4.2
(0.3)
5.4
Revenues,
Gains (Losses)
Increase in Net Assets
Change
v
Total operating revenues increased by $2.3 million due to the combination of the following
factors: Tuition and Fees (net of discounts) had a net increase of $1.6 million due to the
increase of (1) the tuition rate effective Fall 2009 and (2) the enrollment growth, both offset
by the increase in Pell Grant discounts due to the 25 % increase in Pell awards and overall
tuition exemptions. Federal, State, and Local Grants and Contracts increased by $700,000
due to increases in existing grants such as the Strengthening Institutions/Hispanic Serving
Institutions grant and the TRIO Cluster. Also contributing to this increase was the new
Minority Science and Engineering Improvement grant. Other Income remained fairly
consistent with last fiscal year.
Total operating expenses increased by $23 million over the previous fiscal year, which can
be attributable to the following factors: (1) the hiring of additional part-time instructors due
to the enrollment increase, thereby increasing the cost in the Instruction element of cost, (2)
the salary enhancement of three percent (3 %) for all employees offset by salary savings of
vacant positions, which affect all elements of cost and (3) the most notable increase of $15.7
million in Scholarships and Fellowships directly related to the increase in the "per student"
Pell Grant award from $4,731 to $5,350 per year combined with a 25% increase in financial
aid awards due to the increase in enrollment stated earlier related to the rise in
unemployment. The decrease in Operations and Maintenance of Plant was due to the
decrease in utilities cost pursuant to the energy savings project undertaken during the fiscal
year. The increase in Auxiliary Enterprises expenses was directly related to increasing costs
in administering the Vehicle Registration program. Depreciation Expense increased by
$65,000 as the net of the increase in depreciation of buildings due to additional capital
expenditures, and the decrease in depreciation of furniture and equipment because of
disposals. Information regarding policies for depreciation is disclosed on page 8 of the
Notes to the Financial Statements.
Non-Operating Revenues and Expenses include State Appropriations, Maintenance AdValorem taxes, and now Federal Revenues as directed by the most recent GASB
implementation guide to report Pell Grant receipts as non-operating revenue. NonOperating Revenues also include the receipt of ARRA funds, and Other State Revenue to
report the Professional Nursing Shortage Reduction funding considered a restricted state
appropriation, and therefore classified as non-operating. Non-Operating Revenues
increased substantially due to the increase of Pell awards for eligible students. This
increase includes (1) the increase in maximum award per year, and (2) the growth in
awards due to additional enrollment during the academic year.
Fiscal year 2009/10 marked the first year of the biennium for the purpose of state funding.
The College received a modest increase over the previous biennial appropriation; however,
with the prospect of an estimated deficit of $18 billion in state revenue for the 2012/13
biennium, Texas Governor Perry mandated a 5% decrease of the original approved
appropriation or $1.6 million during the last three months of the fiscal year. This reduction
was absorbed by additional tuition and fees due to the enrollment growth spurt that started
in fall 2009.
vi
Revenue from Maintenance Ad-Valorem taxes increased by $.7 million due the following
factors: new property contributed $1 billion to the net assessed property valuation of the
College or 3% increase over last fiscal year. However, this growth was offset by
exemptions exercised by eligible disabled veterans under the 100% Disabled tax exemption
passed by the 81 st Legislature. The College property tax revenue is based on the tax rate of
$.105670 per $100 valuation. EI Paso County Community College offers the lowest tax rate
of all major taxing entities in the El Paso County and has not increased the tax rate in the
last five fiscal years while maintaining a very conservative budget and keeping tuition rates
affordable for the students.
As a reflection of the U.S. ailing economy, interest rates continued to decline. As a result,
Investment Income decreased in average interest rate from 1.7490% to .6595% by the end of
the fiscal year or a change of 1.0895%. Although it is expected that the interest rates will
slowly increase as the economy recovers, the college administration has taken a
conservative approach in budgeting interest income for the coming fiscal year. Upon
maturity of the flexible repurchase agreement in February 2010, unexpended bond
proceeds from the 2007 bond issue were placed in TexPool, the local governmental pool
administered and monitored by the State Comptroller's Office, at a lower rate. The interest
rate differential between the 2007 issue bond yield and the lower interest rate in TexPool
were used to offset the arbitrage rebate liability that had been calculated as a result of the
investment rate of 4.875 % or higher than the bond yield.
Description of significant capital asset and long-term debt activity
As the College continues to grow, the administration has developed a realistic capital
improvement plan to address growth in the next five to ten years. Major completed
projects of the District include the district-wide energy efficiency project with lighting
retrofits that is already generating utility savings used to retire the loan under the State of
Texas LoanStar program. Other major projects included the renovation of campus sites to
accommodate the growth at the Valle Verde, Mission del Paso, Transmountain and
Northwest Campuses Early College High Schools. Current projects include planning for a
new campus on Fort Bliss military base property, and a new Student Services building at
the Valle Verde Campus; replacing the roofs of both Buildings A and B of the
Administrative Service Center; completing the cafeteria expansions at both Mission del
Paso and Northwest campuses; and implementing the District-wide energy conservation
measures that will generate additional energy savings for the District. All facilities
construction, renovation and improvements will be financed by plant fund reserves and
revenue bond proceeds.
To accommodate increased enrollment since 1994, the District initiated a financial plan and
has since then issued $137,900,000 in Revenue Bonds, part of which refinanced the 1994,
1995, 1996, 1997, 1997B, 1998, 1999 and 2001 bond issues. This debt is currently covered by
the general use fee of $10 per credit hour and the state-mandated minimum tuition transfer
of $15 per student in the fall and spring semesters and $7.50 per student for the summer
sessions. The defeasance of the Building Use Fee and Tuition Refunding Revenue Bonds
Series 1993 outstanding balance of $1,750,000 in October 2003 will result in saving the
College approximately $220,000 in interest payments.
vii
In January 2007, the District issued the Fee Revenue Building and Refunding Bonds in the
amount of $66,280,000 that accomplished (1) the refunding of $37 million of current debt
with expected present value savings of $1.9 million and (2) generating additional funds of
$31.6 million for future renovation and new construction. The refunding of some of the
current debt has created additional debt capacity for the District to issue additional revenue
bonds at no additional cost to the student or the taxpayer.
On August 13,2003, Fitch Ratings issued a press release announcing the upgrade of El Paso
Community College credit rating from" A-" to " A". The rating revision upwards reflected
the College's positive financial performance, growing enrollment, and favorable area
demographics and market position. Also considered in the rating are the operational and
financial pressures stemming from increasing enrollment and reductions in state funding
and above average, although manageable, debt load. On December 18, 2006 and more
recently July 22, 2009, this "A" rating was reaffirmed with a stable outlook supported by
sound financial management practices and operating results, and an increasingly diverse
revenue base. The complete report can be seen at www.fitchratings.com.
On December 21, 2006, Moody's Investors Service issued a press release announcing the
upgrade of the College's rating from" A2" to "Al" with a stable outlook. The upgrade was
based on the College's rapidly growing tax base caused by healthy growth in the local
economy, increasing enrollment, strong operating performance and a manageable debt
profile. On August 6, 2009, Moody's reaffirmed the College District's" Al" long-term
rating of $69.2 million with a stable outlook that reflects Moody's expectation that the
District will continue to generate positive operating margins, maintain or modestly increase
enrollment, and generate sufficient coverage of debt service from pledged revenues. The
updated report can be found at www.moodys.com.
On February 6, 2008, Standard & Poor's issued a press release affirming its" A" underlying
rating with a stable outlook. This outlook reflected the College's essential role as the only
community college in the El Paso area; good financial operations with several years of
operational surpluses; and a strong management team. The rating also cited significant
growth pressures, limited revenue flexibility, and low liquidity as challenges for the
College. However, Standard & Poor's expectation is that the District will continue to
successfully manage enrollment pressures and maintain positive financial performance.
Additional information on both capital assets and long-term debt can be found in notes 5
and 6 of the Notes to the Financial Statements.
Economic Outlook
During fiscal year 2008/09, the Texas economy was largely insulated from the nation's
housing-induced slowdown with Texas average housing prices still rising, and the City of
El Paso was no exception in benefiting from this strong economy. However, the State is
currently experiencing a fiscal crisis with the expectation of a large revenue deficit going
into the 2012/13 biennium. In response to the anticipated crisis, Governor Perry mandated
a 5% reduction in funding for state agencies, including institutions of higher education at
viii
the end of fiscal year 2009/10 for both years of the biennium. With no additional funding
from the State, which is customary in the second year of a biennium, the College faced a
significant challenge in balancing its 2010/2011 budget by freezing budgetary items
without creating an additional burden on students and citizens by increasing tuition or
taxes. Tuition remained at the same rate for the new fiscal year and the tax rate was
adopted as the Effective Tax Rate, which meant no tax increase for the average homeowner.
After four months into the new fiscal year, and in addition to the annual 5% reduction,
Governor Perry requested a 2.5 % savings plan to prepare all state agencies for an additional
The
reduction of the original state appropriation during fiscal year 2010/2011.
administration is already devising a plan that will help finance both the new reduction in
state funding and the anticipated reductions for next biennium. Currently, the College has
the lowest tuition rate in the region and the lowest tax rate of all major taxing entities of the
EI Paso County while still maintaining quantity and quality of service to its student
population. This demonstrates the College's ability and flexibility for generating additional
revenue, should the state funding be msufficieht to fund its operations and· innovative
programs.
During fiscal year 2005/06, the College retained the firm of CCBenefits to study the role
that El Paso Community College plays in the local economy. The results of this study show
that the College is a sound investment from many perspectives. The main highlights of this
study for El Paso Community College (EPCC) are as follows:
•
Due to EPCC operations and capital spending, the local economy receives roughly
$72.2 million in annual regional income.
•
EPCC activities encourage new business, assist existing business and create longterm economic growth. The College enhances worker skills and provides
customized training to local business and industry. Skills acquired by former EPCC
students increase regional income by $622.5 million with associated indirect effects
of $119.9 million additional income. In summary, the regional area economy
receives roughly $814 million in income due to the past and present efforts of the
College.
•
Related to students earning potential, studies demonstrate that education increases
lifetime earnings. The average annual earnings of a student with a one-year
certificate are $24,925 or 84 % more than someone without a high school diploma or
GED, and 17% more than a student with a high school diploma. The average
earnings of a student with an Associate Degree are $29,477, or 118% more than
someone without a high school degree or GED and 38 % more than a student with a
high school diploma or GED. As a result of their attending EPCC, students enjoy an
attractive 18% annual rate of return on their EPCC educational investment, and
recover all costs (including wages foregone while attending EPCC) in 8 years.
•
Most importantly, the state and local community will see $13.7 million worth of
social savings associated with improved health, reduced crime, and less welfare and
unemployment claims as long as students stay in the workforce.
ix
The above study demonstrates that El Paso Community College plays a critical role in its
service area by stimulating the state and local economy, leveraging taxpayer dollars,
generating a return on government investment and increasing students' earning potential.
In addition to its current role, the College is facing additional demand with the concluded
Base Closure and Realignment Commission (BRAC 2005), which will cause Fort Bliss, the
Army's #1 ranked installation, to experience a minimum gain of about 27,000 troops by
2013. It is estimated that 36,800 additional family members will contribute to the economy
with 60% of the families living off post. EI Paso Community College is gearing up for the
challenges of providing educational services to the incoming soldiers and their dependents
by addressing its facility needs and planning the construction of a new campus on Fort
Bliss, contingent upon the approval by the Department of the Army.
In summary; notwithstanding the future impact of military growth in the El Paso area, the
anticipated reduction in state funding and the substantial enrollment increase in fall 2010,
the College is not aware of any currently known facts, decisions, or conditions that would
have a significant effect on the financial position or results of operations during this fiscal
year. The College's overall financial position is stable and demonstrated by its ability to
generate consistent increases in net assets through the efficient and effective use of its
resources. The College will continue to monitor those resources to maintain its ability to
react to changes from internal and external forces.
x
FINANCIAL STATEMENTS
PENA BRIONES MCDANIEL & co.
CERTIFIED
PUBLIC
A PROFESSIONAL
ACCOUNTANTS
CORPORATION
Rene D. Pena, CPA
Mary Cannen Briones, CPA
James R. McDaniel, CPA
4171 N. MESA, SUITE B100
EL PASO, TEXAS 79902-1498
PHONE: 915-542-1733
FAX: 915-544-5440
E-MAIL: cpa@cpaelpaso.com
MEMBERS OF AMERICAN INSTITUTE OF
CERTIFIED PUBLIC ACCOUNTANTS
REPORT OF INDEPENDENT ACCOUNTANTS
The Board of Trustees
El Paso County Community College District
EI Paso, Texas
We have audited the accompanying statements of net assets of EI Paso County Community College
District (the "College") as of August 31;2010 and 2009 and the related statements of revenues,
expenses, and changes in net assets and cash flows for the fiscal years then ended. These financial
statements are the responsibility of the College's management. Our responsibility is to express an
opinion on these financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United
States of America and the standards applicable to financial audits contained in Government Auditing
Standards, issued by the Comptroller General of the United States. Those standards require that we
'plan and perform the audit to obtain reasonable ass~ance about whether the financial statements are
free of material misstatement. An audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a reasonable basis for our
opinions.
In our opinion, the financial statements referred to above present fairly, in all material respects, the
financial position of the College as of August 31, 2010 and 2009 and the changes in revenues, expenses,
and net assets and cash flows for the years then ended, in conformity with accounting principles
generally accepted in the United States of America.
In accordance with Government Auditing Standards, we have also issued our report dated December
14, 2010 on our consideration of the College's internal control over financial reporting and our tests of
its compliance with certain provisions of laws, regulations, contracts and grant agreements and other
matters, and the State of Texas Public Funds Investment Act. The purpose of that report is to describe
the scope of our testing of internal control over financial reporting and compliance and the results of
that testing, and not to provide an opinion on the internal control over financial reporting or on
compliance. That report is an integral part of an audit performed in accordanc~ with Government
Auditing Standards and should be considered in assessing the results of our audit.
Accounting principles generally accepted in the United States of America require that the
management's discussion and analysis on pages I through X be presented to supplement the basic
financial statements. Such information, although not a part of the basic financial statements, is
required by the Governmental Accounting Standards Board, who considers it to be an essential part of
financial reporting for placing the basic financial statements in a appropriate operational, economic, or
historical context. We have applied certain limited procedures to the required supplementary
information in accordance with auditing standards generally accepted in the United States of America,
which consisted of inquiries of management about the methods of preparing the information and
(CPA)"M
Tho CPA.
~CMlr Undoroatlmalo Tho Valuo,"
comparing the information for consistency with management's responses to our inquiries, the basic
financial statements, and other knowledge we obtained during our audit of the basic financial
statements. We do not express an opinion or provide any assurance on the information because the
limited procedures do not provide us with sufficient evidence to express an opinion or provide any
assurance.
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise the College's basic financial statements as a whole. The supplemental
information listed in the table of contents is presented for purposes of additional analysis and is not a
required part of the financial statements. The accompanying schedules of expenditures of federal and
state awards are presented for purposes of additional analysis as required by U.S. Office of
Management and Budget Circular A-133, Audits of States, Local Governments, and Non-Profit
Organizations and the State of Texas Single Audit Circular, and are not a required part of the financial
statements. The schedules of expenditures of federal and state awards are the responsibility of
management and were derived from and relate directly to the underlying accounting and other records
used to prepare the financial statements. The information has been subjected to the auditing
procedures applied in the audit of the basic financial statements and certain additional procedures,
including comparing and reconciling such information directly to the underlying accounting and
other records used to prepare the financial statements or to the financial statements themselves, and
other additional procedures in accordance with auditing standards generally accepted in the United
States of America. In our opinion, the information is fairly stated, in all material respects, in relation
to the financial statements taken as a whole. The statistical section has not been subjected to the
auditing procedures applied in the audit of the basic financial statements and, accordingly, we express
no opinion or provide assurance on them.
December 14, 2010
2
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
STATEMENT OF NET ASSETS
August 31, 2010 and 2009
EXHIBIT 1
2009
2010
ASSETS:
Current Assets:
Cash and Cash Equivalents
Accounts Receivable (net of allowance for doubtful accounts of
$4,635,577 in 2010 and $4,346,346 in 2009)
Inventories
Deferred Charges
Notes Receivable (net of allowance for doubtful accounts of
$1,758,869 in 2010 and $1,529,705 in 2009)
$
Other Assets
Total Current Assets
Noncurrent Assets:
Deferred Charges
Capital Assets, net (see Note 5)
Total Noncurrent Assets
Total Assets
LIABILITIES AND NET ASSETS:
LIABILITIES:
Current Liabilities:
Accounts Payable
Accrued Liabilities
Accrued Compensable Balances - Current Portion
Workers' Compensation Reserve - Current Portion
Funds Held for Others
Deferred Revenue
Notes Payable - Current Portion
Bonds Payable - Current Portion
Capital Lease Payable - Current Portion
Total Current Liabilities
84,118,460
10,397,314
20,317
23,179,156
23,711,051
3,036,011
684,153
122,161,260
2,680,086
518,334
120,523,400
394,177
115,353,773
115,747,950
740,644
109,115,170
109,855,814
9,495,469
237.909.210
$
230.379.214
$
4,488,774
2,587,700
122,197
380,334
2,077,056
43,409,798
463,448
3,010,000
57,209
56,596,516
$
5,130,604
2,312,700
115,002
459,450
1,848,607
40,041,622
121,505
2,890,000
67,757
52,987,247
Deferred Loss on Refunding Bonds
Total Noncurrent Liabilities
Total Liabilities
Net Assets
Invested in capital assets, net of related debt and liabilities
Restricted for:
Nonexpendable:
Student Aid
Expendable:
Student Aid
Loans
Renewals and Replacement
Unexpended Plant Fund
Debt Service
Unrestricted
Total Net Assets (Schedule D)
$
3,679,922
519,666
32,653
3,233,179
3,520,841
440,550
89,862
1,358,624
63,229,357
{894,711)
66,417,046
{977,830)
69,800,066
70,849,093
126,396,582
123,836,340
61,606,183
55,023,820
736,950
669,942
749,819
714,112
891,011
19,003,959
8,972,529
18,838,065
111,512,628
712,939
525,050
3,233,583
16,393,049
11,903,010
18,081,481
106,542,874
237.909.210
The accompanying notes are an integral part of the financial statements.
3
$
$
Noncurrent Liabilities:
Accrued Compensable Balances
Workers' Compensation Reserve
Capital Lease Payable
Notes Payable
Bonds Payable (including premium of $2,739,357 in 2010 and
$2,917,046 in 2009)
Total Liabilities and Net Assets
84,844,309
$
230.379.214
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET ASSETS
Years Ended August 31,2010 and 2009
EXHIBIT 2
2010
2009
REVENUES:
Operating Revenue:
Tuition and Fees (net of discounts of $30,423,424 in 2010
and $23,382,160 in 2009)
$
Federal Grants and Contracts
State Grants and Contracts
Non-Governmental Grants and Contracts
Auxiliary Enterprises
Other Operating Revenues
15,418,488
6,033,833
4,855,738
659,283
1,498,348
922,665
$
13,822,341
4,726,771
4,998,735
1,130,573
1,436,108
1,006,828
Total Operating Revenues (Schedule A)
29,388,355
27,121,356
EXPENSES:
Operating Expenses:
Instruction
Research
Public Service
Academic Support
Student Services
Institutional Support
Operation and Maintenance of Plant
Scholarships and Fellowships
Auxiliary Enterprises
Depreciation
54,335,517
41,360
6,243,089
18,410,143
10,562,151
20,029,700
9,487,154
41,962,679
1,753,830
4,121,401
49,992,432
47,745
5,616,027
17,503,474
10,218,770
19,142,647
9,597,425
26,276,049
1,462,846
4,056,430
Total Operating Expenses (Schedule B)
166,947,024
143,913,845
Operating Loss
{137,558,669}
{1l6,792,489}
41,592,662
36,967,294
65,793,408
508,434
781,963
{3,1l5,338)
43,234,190
36,182,641
42,661,948
39,944
1,582,746
{3,216,208)
142,528,423
120,485,261
Income Before Other Revenues (Expenses), Gains (Losses)
4,969,754
3,692,772
Increase in Net Assets (Schedule D)
4,969,754
3,692,772
106,542,874
102,850,102
Non-Operating Revenues (Expenses):
State Appropriations
Maintenance Ad-Valorem Taxes
Federal Revenue, Non Operating
Other State Revenue, Non Operating
Investment Income (net of investment expenses)
Interest on Capital Related Debt
Net Non-Operating Revenues (Schedule C)
Net Assets, Beginning of Year
$
Net Assets, End of Year
111,512,628
The accompanying notes are an integral part of the financial statements.
4
$
106,512,811
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
STATEMENT OF CASH FLOWS
Years Ended August 31, 2010 and 2009
EXHIBIT 3
2010
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from students and other customers
Receipts of grants and contracts
Other receipts
Payments to or on behalf of employees
Payments to suppliers for goods or services
Payments of scholarships
Loans to students and employees, net other cash payments
Net cash used in operating activities
$
17,966,179
12,183,750
3,246,542
2009
$
(84,747,727)
(27,037,946)
(41,962,679)
(394,983)
(120,746,864)
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Receipts from state appropriations
Receipts from ad valorem taxes
Receipts from non operating federal revenue
Receipts from non operating state revenue
Receipts from student organizations and other agency transactions
Net cash provided by noncapital financing activities
CASH FLOWS FROM CAPITAL AND RELATED FINANCING
ACTIVITIES
Proceeds from the sale of capital assets
Purchases of capital assets
Proceeds on issuance of capital debt
Payments on capital debt and leases - principal
Payments on capital debt and leases - interest
Net cash used in capital and related financing activities
17,049,923
10,922,754
1,914,946
(79,081,801)
(23,949,905)
(26,276,049)
(226,311)
(99,646.443)
31,479,078
36,988,231
65,793,408
508,434
228,449
33,085,190
35,818,385
42,661,948
39,944
134,993
134,997,600
111,740,460
(10,384,857)
2,428,326
(10,642,241)
541,592
(2,945,041)
2,112
(3,169,595)
(2,913,115)
(14,039,241)
(3,011,660)
(16,055,238)
CASH FLOWS FROM INVESTING ACTIVITIES
Investment earnings
514,354
1,482,167
Net cash provided by investing activities
514,354
1,482,167
725,849
(2,479,054)
84,118,460
86,597,514
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS, Beginning of year
CASH AND CASH EQUIVALENTS, End of year
$
84,844,309
$
84,118,460
$
(137,558,669)
$
(116,792,489)
RECONCILIATION OF OPERATING LOSS TO NET CASH
USED IN OPERATING ACTIVITIES:
Operating loss
Adjustments to reconcile operating loss to net cash
used in operating activities:
Depreciation expense
Payments made directly by state for benefits
Change in assets and liabilities
Receivables, net
Deferred expenses
Inventories
Other assets
Deferred revenue
Deposits held for others
Compensated absences
Loans to students and employees
Accounts payable
Accrued expenses
4,121,401
10,113,584
4,056,430
10,149,000
(209,622)
531,895
(1,015,199)
(7,665,727)
3,996
(20,317)
(165,819)
3,368,176
228,449
166,276
(44,875)
11,106,122
134,993
171,269
76,350
318,089
(144,402)
(355,925)
(641,830)
(324,680)
$
Net cash used in operating activities
(1Z0,Z4Z,OIm
The accompanying notes are an integral part of the financial statements,
5
~
(!!!Mi46,443l
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
NOTES TO FINANCIAL STATEMENTS
AUGUST 31, 2010
1.
REPORTING ENTITY
El Paso County Community College District (the "College"), was established in 1969, in accordance
with the laws of the State of Texas, to serve the educational needs of EI Paso and the surrounding
communities. The College is an unincorporated taxing entity governed by an elected sevenmember board of trustees. The College is considered to be a special purpose, primary government
according to the definition in Governmental Accounting Standards Board ("GASB") Statement No.
14. While the College receives funding from local, state, and federal sources, and must comply
with the spending, reporting, and recordkeeping requirements of these entities, it is not a
component unit of any other governmental entity.
2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Report Guidelines
The significant accounting policies followed by the College in preparing these financial
statements are in accordance with the Texas Higher Education Coordinating Board's Annual
Financial Reporting Requirements for Texas Public CommunitlJ and Junior Colleges. The College
applies all applicable GASB pronouncements and all applicable Financial Accounting Standard
Board (FASB) statements and interpretations issued on or before November 30, 1989, unless they
conflict or contradict GASB pronouncements. The College has elected not to apply FASB
guidance issued subsequent to November 30,1989, unless specifically adopted by the GASB. The
College is reported as a special-purpose government engaged in business-type activities (BT A).
Tuition Discounting
Texas Public Education Grants
Certain tuition amounts are required to be set aside for use as scholarships by qualifying
students. This set aside, called the Texas Public Education Grant (TPEG), is shown with tuition
and fee revenue amounts as a separate set aside amount (Texas Education Code § 56.0333).
When the award for tuition is used by the student, the amount is recorded as tuition and a
corresponding amount is recorded as a tuition discount. If the amount is dispersed directly to
the student, the amount is recorded as a scholarship expense.
Title IV HEA Program Funds
Certain Title IV HEA Program funds are received by the College to pass through to the student.
These funds are initially received by the College and recorded as revenue. When the student is
awarded and uses these funds for tuition and fees, the amount is recorded as a tuition discount.
If the amount is dispersed directly to the student, the amount is recorded as a scholarship
expense.
6
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
NOTES TO FINANCIAL STATEMENTS
AUGUST 31, 2010
2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Other Tuition Discounts
The College awards tuition and fee scholarships from institutional funds to students who
qualify. When these amounts are used for tuition and fees, the amounts are recorded as tuition
and fee revenue and a corresponding amount is recorded as a tuition discount. If the amount is
dispersed directly to the student, the amount is recorded as a scholarship expense.
Basis of Accounting
The financial statements of the College have been prepared on the accrual basis whereby all
revenues are recorded when earned and all expenses are recorded when they have been reduced to
a legal or contractual obligation to pay.
Encumbrance accounting, under which purchase orders, contracts, and other commitments for the
expenditures of funds are recorded in order to reserve that portion of the applicable appropriation,
is employed as an extension of formal budgetary integration. Under Texas law, appropriations
lapse at August 31, and encumbrances outstanding at that time are to be either canceled or
appropriately provided for in the subsequent year's budget.
Budgetary Data
Each community college district in Texas is required by law to prepare an annual operating budget
of anticipated revenues and expenditures for the fiscal year beginning September 1. The College's
Board of Trustees adopts the budget, which is prepared on the accrual basis of accounting. A copy
of the approved budget must be filed with the Texas Higher Education Coordinating Board,
Legislative Budget Board, Legislative Reference Library, and Governor's Office of Budget and
Planning by December 1.
Cash and Cash Equivalents
The College's cash and cash equivalents are considered to be cash on hand, demand deposits, and
short-term investments with original maturities of three months or less from the date of
acquisition.
The College pools most of its cash into one bank account. Pooled investments consist of cash in
interest bearing accounts and repurchase agreements. The College considers cash equivalents to
be all highly liquid deposits with original maturities of three months or less. The governing
board has designated public funds investment pools comprised of $83,274,351 and $65,724,916 to
be cash equivalents at August 31, 2010 and 2009, respectively.
7
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
NOTES TO FINANCIAL STATEMENTS
AUGUST 31, 2010
2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Investments
In accordance with GASB Statement No. 31, Accounting and Financial Reporting for Certain
Investments and External Investment Pools, investments are reported at fair value. Fair values are
based on published market rates. Short-term investments have an original maturity greater than
three months but less than one year at time of purchase. Long-term investments have an original
maturity of greater than one year at the time of purchase. The College had short-term investments
of $0 at August 31, 2010 and 2009, respectively.
Authorized Investments
The Board of Trustees of the College has adopted a written investment policy regarding the
investment of its funds as defined in the Public Funds Investment Act (Section 2256.001), Texas
Government Code. Such investments include 1) obligations of the United States or its agencies, 2)
direct obligations of the State of Texas or its agencies, 3) obligations of political subdivisions rated
not less than A by a national investment rating firm, 4) certificates of deposit, and 5) other
instruments and obligations authorized by statute. The College's investments are carried at fair
value.
For the years ended August 31, 2010 and 2009, management of the College believes that they have
substantially complied with the provisions of the Public Funds Investment Act and the College's
investment policy.
Allowances for Doubtful Accounts and Loans
Allowances for doubtful accounts and loans are established through charges to current year
expenditures. Receivables and loans are reduced by the allowances for doubtful accounts or loans
when management believes that the collectability of the receivables or loans is unlikely.
Inventories
Inventories are stated at the lower of cost or fair value. Cost is determined on a first-in, first-out
basis. Fair value is based on net realizable value. Inventories consist primarily of prepaid
postage.
Notes Receivable
Notes receivable are for amounts advanced to students to pay for tuition, fees, and books. The
notes are all due within one year.
8
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
NOTES TO FINANCIAL STATEMENTS
AUGUST 31, 2010
2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Capital Assets
Capital assets are stated at cost. Donated capital assets are valued at their estimated fair market
value on the date received. The College's capitalization policy includes real or personal property
with a value equal or greater than $5,000 and has an estimated life of greater than one year.
Renovations to buildings, infrastructure, and land improvements that significantly increase the
value or extend the useful life of the structure are capitalized. The costs of normal maintenance
and repairs that do not add to the value of the assets or materially extend assets' lives are charged
to operating expense in the year in which the expense is incurred.
The College reports depreciation under a single-line item as a business-type unit. Depreciation is
computed using the straight-line method over the estimated useful lives of the assets·applying the
half-year convention. The following lives are used:
Buildings
Land and Improvements
Furniture, Equipment, and Vehicles
Library Books
50 years
20 years
5-10 years
15 years
Deferred Charges
Deferred charges consist of expenses paid in advance that pertain to the subsequent fiscal year
and for bond issuance costs and original issue discounts related to various bond issues. The
College amortizes these bond issuance costs and original issue discounts charges using the
straight line method over the respective lives of the related bonds which is not materially different
than the effective interest method. For the years ended August 31, 2010 and 2009, approximately
$84,475, for each year, in related interest expense has been recognized.
For the years ended August 31, 2010 and 2009, $21,150,000 and $21,100,000 was for PELL awarded in
August 2010 and August 2009, respectively, for the fall classes.
Deferred Revenues
Revenues, consisting primarily of advance payments of tuition and fees, related to academic terms
in the next fiscal year, are recorded as deferred revenues and recognized as revenue in the period
when earned.
Compensable Absences
The College accrues an estimated liability for compensable absences that vest in the period
earned.
Tax Exempt Status
The College is a political subdivision of the State of Texas and exempt from federal income taxes
under the purview of Section 115(1), Income of States, Municipalities, Etc., of the Internal Revenue
Code ("IRC"), although unrelated business income may be subject to income taxes under Section
511(a)(2)(B), Imposition of Tax on Unrelated Business Income of Charitable, Etc. Organizations, of
the IRe. The College has no unrelated business income tax liability for the years ended August
31, 2010 and 2009.
9
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
NOTES TO FINANCIAL STATEMENTS
AUGUST 31, 2010
2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Student Property Deposits
Students are required to pay the College a $10 property deposit. The amount is refundable upon
request when the student graduates or leaves the College. Unclaimed amounts are recognized as
revenue after four years. Effective September I, 1993, state law requires unclaimed student
property deposits are for scholarship use only.
Funds Held for Others
Funds held for others represent refundable student property deposits and funds held by the
College for various campus and community organizations.
Property Taxes
Revenue from property taxes, including related penalties and interest, is recognized in the current
year, net of allowances for taxes not collected. The College's ad valorem property tax is assessed
each October 1 based upon the assessed value of the College as of January 1 of the same year for
all real and business personal property located within the College's district. Taxes are due upon
receipt of the tax bill and are delinquent if not paid by January 31 of the year following the year in
which imposed. Tax liens on real property are executed generally within one month of receipt of
notification of delinquency of tax payments.
The use of tax proceeds is restricted to maintenance and operations. Allowances for uncollectible
taxes are based upon historical experience in collecting property taxes.
Net Assets
Net assets are classified based on the existence or absence of restrictions. Accordingly, net assets
of the College are classified and reported as follows:
Invested In Capital Assets, Net
Invested In Capital Assets, Net is used to accumulate the net investment in property and
equipment. The purchase (sale) of property and equipment, accumulated depreciation, and
(increase) decrease in related debt and liabilities is recognized as an (addition) reduction of
available net assets and is recorded as capital assets and as an addition (reduction) in net assets.
Restricted Net Assets
Restricted net assets include expendable and non-expendable net assets. Non-expendable net
assets result from contributions whose use by the College is limited to the earnings thereon.
Expendable net assets are for amounts whose use is restricted by either granting agencies, debt
requirements, or the Board of Trustees.
10
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
NOTES TO FINANCIAL STATEMENTS
AUGUST 31, 2010
2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Unexpended Plant Fund
The purpose of the unexpended plant funds subgroup is to account for the unexpended
resources derived from various sources to finance the acquisition of long-lived assets and the
associated liabilities.
Unrestricted Net Assets
Net assets whose use is not restricted.
Operating and Non-Operating Revenues and Expense Policy
The College distinguishes operating revenues and expenses from non-operating items. The
College reports as a BTA and as a single proprietary fund. Operating revenues and expenses
generally result from providing services in connection with the College's principal ongoing
operations. The principal operating revenues are tuition and related fees. The major nonoperating revenues are state appropriations, property tax collections and federal Title IV grant
programs. Operating expenses include the cost of sales and services, administrative expenses, and
depreciation on capital assets. The major nonoperating expense is interest expense on capital
related debt. The operation of the Bookstore is not performed by the College.
Concentration of Credit Risk
Financial instruments which potentially subject the College to a concentration of credit risk
consist primarily of cash, repurchase agreements, TexPool, and accounts and taxes receivable. The
College places its cash and investments in federally insured financial institutions which
collateralize the College's deposits with securities issued by the United States Government and in
United States Government Treasury notes. Concentration of credit risk with respect to the
accounts receivable is limited due to the large number of accounts which are primarily
government related.
Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting
principles requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenues and expenditures during the
reporting period. Actual results could differ from those estimates.
Characterization of Title IV Grant Revenue
In response to guidance provided by the Government Accounting Standards Board (GASB) as
question/answer 7.72.10 in the Implementation Guide, revenue received for federal Title IV grant
programs (i.e. Pell grants) is now characterized as non operating revenue as opposed to operating
revenue.
11
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
NOTES TO FINANCIAL STATEMENTS
AUGUST 31, 2010
2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Reclassifications
Certain amounts in the prior-year statements have been reclassified for comparative purposes to
conform with the presentation in the current-year financial statements.
3.
DEPOSITS AND INVESTMENTS
At August 31, 2010 and 2009, the carrying amount of the College's deposits was $1,569,958 and
$1,748,620, respectively, and total cash on hand and bank balances equaled $3,503,313 and
$4,130,997, respectively.
CASH AND DEPOSITS
Cash and Deposits as reported on Exhibit 1, Statement of Net Assets, consist of the items reported
below:
2009
2010
$
Bank deposits
Cash and cash equivalents
Demand deposits
Flexible Repurchase Agreement
TexPool
Total Cash and Deposits
$
1,551,558
$
18,400
18,400
16,645,284
83,274,351
65,724,916
84,844,309
$
Market Value
August 31, 2010
Type of Security
1,729,860
84,118,460
Market Value
August 31, 2009
Total cash and deposits
Total Investments
$
84,844,309
$
84,118,460
Total deposits and investments
$
84,844,309
$
84,118,460
The TexPool (the Pool) was established for local governments in Texas under the provisions of the
Texas Interlocal Cooperation Act and is designed to comply with all of the Texas statutes,
including the Public Funds Investment Act and other regulations for the allowable investments of
public funds. The Pool is overseen by the Texas State Comptroller of Public Accounts. TexPool
seeks to maintain a $1.00 value per share as required by the Texas Public Funds Investment Act.
TexPool investments consist exclusively of U.S. Government securities, repurchase agreements
collateralized by U.S. Government securities, and AAA rated no load money market mutual funds.
12
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
NOTES TO FINANCIAL STATEMENTS
AUGUST 31, 2010
3.
DEPOSITS (Continued)
The Flexible repurchase funds were the unexpended Combined Fee Revenue Building and
Refunding Bonds, Series 2007. The final repurchase date was the earlier of February 1, 2010, date
of termination by either the College or the Bank or downgrade in Bank's rating or when all funds
have been repurchased and have been classified as a cash equivalent. The flexible repurchase
agreement was priced at 4.875% and secured exclusively with obligations of the United States or
their agency. The secured obligations of the United States or their agency have AA ratings.
Interest Rate Risk
In accordance with state law and the College's investment policy, the College purchases
investments with maturities less than two years or invest bond proceeds for a period of time that
coincides with the amount of time it takes to use bond proceeds. TexPool average weighted
maturity was 35 days.
Credit Risk
In accordance with state law and the College's investment policy, investments in investment pools
must be rated at least AAA by at least one nationally recognized rating service.
Custodial Credit Risk
For a deposit or investment, custodial risk is the risk that, in the event of the failure of the
counterparty, the College will not be able to recover the value of its investment or collateral
securities that are in the possession of an outside party. The College's policy requires. deposits to
be at least 100 percent secured by collateral valued at market value of the principal and accrued
interest reduced by the amount of Federal Deposit Insurance Corporation insurance. As of August
31,2010 and 2009, the College's $0 and $16,645,284 of repurchase agreements and $3,503,313 and
$4,130,997 of bank deposits, respectively, had collateral of $25,177,860 and $21,764,692 of
underlying securities which were held by the pledging financial institutions' trust departments or
agent in the College's name.
13
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
NOTES TO FINANCIAL STATEMENTS
AUGUST 31, 2010
4.
DISAGGREGATION OF RECEIVABLES AND PAYABLES BALANCES
Receivables at August 31, 2010 and 2009, were as follows:
2010
Student Receivables
Taxes Receivable
Federal Receivables
Accounts Receivables, agencies and local vendors
Contract and Grants Receivables
Other Receivables
$
7,955,638
2,515,695
1,630,965
1,913,924
520,926
.
Total
Less: Allowance for Doubtful Accounts
2009
$
6,556,469
2,536,632
1,364,792
1,740,542
442,329
l,2Q1,051 .
395,74~
15,032,891
4,635,577
$
Total Receivables, Net
10,397,314
13,841,815
4,346,346
$
9,495,469
Student Receivables are due within three months.
Payables at August 31, 2010 and 2009, were as follows:
2010
Accounts Payable:
Vendor Payable
Student Payable
Other Payable
$
Total Accounts Payable
Accrued Liabilities:
Salaries and Benefits
Arbitrage Rebate
Accrued Interest
Total Accrued Liabilities
$
Total Payables
14
4,332,864
146,200
9,710
2009
$
4,959,786
165,429
5,389
4,488,774
5,130,604
1,300,635
1,287,065
708,346
267,609
1,336,745
2,587,700
2,312,700
7,076,474
$
7,443,304
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
NOTES TO FINANCIAL STATEMENTS
AUGUST 31, 2010
5. CAPITAL ASSETS
Capital assets activity for the year ended August 31, 2010, was as follows:
Balance
September 1,
Balance
August 31,
2009
Not Depreciated:
Land
Construction in Process
$
Other Capital Assets:
Buildings
Land Improvements
Total Buildings and Other Real
Estate Improvements
Furniture and Equipment
Capital Leases - Vehicles
Library Books
Total Buildings and Other
Capital Assets
Accumulated Depreciation:
Buildings
Land Improvements
Total Buildings and Other Real
Estate Improvements
Furniture and Equipment
Capital Leases - Vehicles
Library Books
Total Buildings and Other
Capital Assets
Net Capital Assets
$
Increases
7,912,974
1,425,898
9,338,872
$
2010
Decreases
$
5,220,751
5,220,751
$
{1,001,880}
{1,001,880}
7,912,974
5,644,769
13,557,743
118,205,244
11,670,800
3,933,613
1,257,987
129,876,044
26,503,357
533,752
4,823,813
5,191,600
602,152
(2,035,782)
372,234
{263,892}
135,067,644
25,069,727
533,752
4,932,155
161,736,966
6,165,986
(2,299,674)
165,603,278
31,418,630
3,137,004
2,542,589
553,830
33,961,219
3,690,834
34,555,634
24,314,601
348,355
2,742,078
3,096,419
621,832
95,707
307,443
{263,892}
37,652,053
22,925,504
444,062
2,785,629
61,960,668
4,121,401
{2,274,821}
63,807,248
109,115,170
15
$
7,265,336
122,138,857
12,928,787
(2,010,929)
$
{l,026,733)
$
115,353,773
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
NOTES TO FINANCIAL STATEMENTS
AUGUST 31, 2010
5. CAPITAL ASSETS (Continued)
Capital assets activity for the year ended August 31, 2009, was as follows:
Balance
September 1,
2008
Not Depreciated:
Land
Construction in Process
Other Capital Assets:
Buildings
Land Improvements
Total Buildings and Other Real
Estate Improvements
Furniture and Equipment
Capital Leases - Vehicles
Library Books
Total Buildings and Other
Capital Assets
Accumulated Depreciation:
Buildings
Land Improvements
Total Buildings and Other Real
Estate Improvements
Furniture and Equipment
Capital Leases - Vehicles
Library Books
Total Buildings and Other
Capital Assets
Net Capital Assets
$
7,912,974
4,544,135
12,457,109
Increases
$
Balance
August 31,
2009
Decreases
$
1,413,611
1,413,611
$
(4,531,848}
(4,531,848)
7,912,974
1,425,898
9,338,872
109,927,418
7,054,304
8,277,826
4,616,496
116,981,722
26,297,261
533,752
4,692,369
12,894,322
610,554
(404,458)
255,602
(124,158}
129,876,044
26,503,357
533,752
4,823,813
148,505,104
13,760,478
(528,616}
161,736,966
29,197,959
2,650,350
2,220,671
486,654
31,418,630
3,137,004
31,848,309
23,758,372
252,648
2,571,413
2,707,325
958,575
95,707
294,823
(124,158}
34,555,634
24,314,601
348,355
2,742,078
58,430,742
4,056,430
(526,504}
61,960,668
(4,533,960)
$ 109,115,170
$ 102,531,471
16
$
11,117,659
118,205,244
11,670,800
(402,346)
$
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
NOTES TO FINANCIAL STATEMENTS
AUGUST 31, 2010
6.
BONDS PAYABLE
General information related to bonds payable is summarized below:
Bond
Issue
Name
Series
Purpose
Issue
Date
Source of Revenue
for Debt Service
Amount
Authorized
Amount
Outstanding
Revenue
1998
Defeasance and
Refunding
of 1995, 1996, and 1997
Bonds
12/98
General Use and
Tuition Fee
9,390,000
Revenue
1999
Construction,
Improvement,
and Acquisition of
Equipment and
Maintenance of Property
01/99
General Use and
Tuition Fee
8,260,000
455,000
Revenue
2001
Construction,
Improvement,
Maintenance, and
Acquisition of Property,
Building, and Equipment
02/01
General Use and
Tuition Fee
9,365,000
945,000
Revenue
2007
Construction,
Improvement,
Maintenance, and
Acquistion of Property,
Building and Equipment
and Refunding of 1995,
1997, 1997-B bonds and
partial refunding of 1998,
1998 and 2001 bonds
02/07
General Use and
Tuition Fee
66,280,000
59,240,000
$
$
Total Bonds Principal Outstanding
17
2,860,000
63,500,000
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
NOTES TO FINANCIAL STATEMENTS
AUGUST 31, 2010
6.
BONDS PAYABLE (Continued)
Bonds payable are due in annual installments varying from $15,000 to $5,810,000 with interest rates
from 3.75% to 5.10% with the final installment due in 2025. Interest expense related to bonds
recorded during fiscal year 2010 and 2009 was approximately $3,158,507 and $3,274,476,
respectively. The principal for all bonds is paid annually on April 1 with semi-annual interest
payable on April 1 and October 1.
At August 31, 2010 and 2009, the College had established reserves which hold cash sufficient to
meet the requirements of the various bond indentures and to satisfy reserve requirements.
The escrow account assets and liability for the defeased bonds are not included in the College's
financial statements. At August 31, 2010, $2,235,000 ofthe Series 1991, $1,750,0000Uhe-Series1993, .
$5,345,000 of the Series 1994, $1,355,000 of the Series 1995, $4,725,000 of the Series 1996, $3,015,000
of the Series 1997 and $8,130,000 of the Series 2001 bonds were considered defeased, respectively.
Current Refunding Bonds
On February 8, 2007, the College issued $28,150,000 of Revenue Bonds with an average interest rate
of 4.785% to refund $340,000 of Series 1995, $9,985,000 of Series 1997, $9,655,000 of Series 1997B,
$4,455,000 of Series 1998, and $4,475,000 of Series 1999 bonds with an average interest rate of
5.0532%. Net proceeds from the Series 2007 Current Refunding were $29,432,615; after payment of
$621,146 in underwriting fees, insurance and other issuance cost, these proceeds were used to
purchase U.S. Government securities which were deposited in an irrevocable trust with an escrow
agent to provide for all future debt payments of the Current Refunding. Although the current
refunding resulted in the recognition of an accounting loss of $1,232,200 for the year ended August
31, 2007, the College in effect reduced its aggregate debt service payments over the next twelve
years by approximately $2,138,400 and obtained an economic gain (difference between the present
value of the old and new debt service payments) of approximately $1,655,400.
Advance Refunding Bonds
On February 8, 2007, the College issued $8,020,000 of Revenue Bonds with an average interest of
5.00% to Advance refund $8,130,000 of Series 2001 bonds with an average interest rate of 5.044%.
Net proceeds from the Series 2007 Advance Refunding were $8,581,209, after payment of $185,619
in underwriting fees, insurance and other issuance cost. These proceeds were used to purchase
U.S. Government securities which were deposited in an irrevocable trust with an escrow agent to
provide for all future debt payments of the Advance Refunding of $8,130,000 of Series 2001.
Although the advance refunding resulted in the recognition of an accounting loss of $349,600 for
the year ended August 31, 2007, the College in effect reduced its aggregate debt service payments
over the next thirteen years by approximately $362,800 and obtained an economic gain (difference
between the present value of the old and new debt service payments) of approximately $250,000.
18
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
NOTES TO FINANCIAL STATEMENTS
AUGUST 31, 2010
7.
LONG-TERM LIABILITIES
Long-term liability activity for the year ended August 31, 2010, was as follows:
Balance
September 1,
2009
Long-term liabilities
Leases
Note payable
... Revenuebon-ds
$
Compensated Absences
Workers' Compensation
Reserve
Total long-term liabilities
157,619
1,480,129
66;390;000
3,635,843
Additions
72,563,591
67,757
211,828
$
282,654
116,378
89,862
3,696,627
63;50n;000
3,802,119
362,223
362,223
900,000
2,428,326
2~890;000
900,000
$
Reductions
- $
$
Balance
August 31,
2010
$
3,073,203
$
3,648,186
$
71,988,608
Current
Portion
$
57,209
463,448
s;cno;ono
122,197
380,334
$
4,033,188
Long-term liability activity for the year ended August 31, 2009, was as follows:
Balance
September 1,
2008
Long-term liabilities
Leases
Note payable
Revenue bonds
Compensated Absences
Workers' Compensation
Reserve
Total long-term liabilities
$
228,497
1,037,700
69,165,000
3,464,574
Additions
$
$
74,795,771
Reductions
-
$
541,592
280,795
900,000
437,571
$
19
Balance
August 31,
2009
1,259,958
70,878 $
99,163
2,775,000
109,526
3,492,138
$
900,000
437,571
$
157,619
1,480,129
66,390,000
3,635,843
Current
Portion
$
72,563,591
67,757
121,505
2,890,000
115,002
459,450
$
3,653,714
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
NOTES TO FINANCIAL STATEMENTS
AUGUST 31, 2010
8.
DEBT AND LEASE OBLIGATIONS
Debt service requirements at August 31, 2010, were as follows:
Year Ended
August 31,
Revenue Bonds
Prinicipal
Interest
2011
2012
2013
2014
Z0152016-2020
2021-2025
$
Total
3,010,000 $
3,135,000
3,265,000
3,430,000
:{565~(fdO .
20,690,000
26,405,000
$ 63,500,000
3,088,968
2,964,745
2,833,800
2,671,050
2~532;83(f
9,806,292
4,089,500
$ 27,987,185
Obligations under capital lease at August 31, 2010, were as follows:
Year Ended
August 31,
Total
2011
2012
2013
$
Total
Less: Amount representing interest costs
Present value of minimum lease payments
9.
61,939
30,986
3,348
96,273
{6,411)
$
89,862
NOTES PAYABLE
The College has expended $1,284,361 under the Revolving Loan Program of the Texas State Energy
Conservation Office (the "Program") for the purpose of renovating and updating the College's
energy conservation retrofit measure systems. Prior to funding under the Program, all
expenditures and related project work were subject to review by the State. As of August 31, 2010
and 2009, $1,289,314 had been funded under the Program and $809,960 and $938,537 are
outstanding as of August 31, 2010 and 2009, respectively.
The College obtained another LoanST AR Revolving Loan from the Texas State Energy
Conservation Office (the "Program") for the purpose of energy conservation, such as window film,
high efficiency lighting and control valves. Total funding for this Program will not exceed
$3,072,275. Prior to funding under the Program, all expenditures and related project work are
subject to review by the State. As of August 31, 2010 and 2009, $2,967,275 and $541,592,
respectively, had been expensed. The project was completed in 2010 and repayment of the note
has begun with $2,886,667 outstanding as of August 31, 2010.
20
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
NOTES TO FINANCIAL STATEMENTS
AUGUST 31, 2010
9.
NOTES PAYABLE (Continued)
Debt service requirements at August 31, 2010, were as follows:
Year Ended
August 31,
Note Payable
Principal
Interest
2011
2012
2013
2014
2015
2016-2018
$
463,448 $
477,225
491,413
506,022
521,067
1,237,452
105,228
91,450
77,263
62,652
47,609
59,326
Total
$
3,696,627 $
443,528
10. LEASES
The College leases vehicles under long-term capital leases. Vehicles include approximately $89,862
and $157,619, for lease obligations that have been capitalized as of August 31, 2010 and 2009,
respectively. Interest paid for capital lease obligations was approximately $9,253 and $13,601
during the fiscal years ended August 31, 2010 and 2009, respectively. The College also leases
various equipment and facilities under annually renewable agreements.
Rent expense under operating leases for the fiscal years ended August 31, 2010 and 2009, was as follows:
2010
340,358
$
Total
$
2009
340,717
Future minimum payments for each of the five subsequent fiscal years for noncancellable
operating leases is as follows:
Year Ended
August 31,
Total
2011
2012
2013
2014
2015
$
403,759
135,134
52,437
41,594
26,187
Total
$
659,111
21
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
NOTES TO FINANCIAL STATEMENTS
AUGUST 31, 2010
11. EMPLOYEES' RETIREMENT PLANS
The State of Texas has joint contributory retirement plans for almost all its employees. One of the
primary plans in which the College participates is administered by the Teacher Retirement System
of Texas (TRS).
Teacher Retirement System of Texas
Plan Description. The College contributes to the Teacher Retirement System of Texas (TRS), a
cost-sharing multiple employer defined benefit pension plan. TRS administers retirement and
disability annuities, and death and survivor benefits to employees and beneficiaries of employees
of the public school systems of Texas. The Teacher Retirement System does not separately
account for each of its component government agencies because it bears sole responsibility for
.. :n~.ti!:~ll:l~!lJ~()lllmif:m~l!tLk~)'Q_l1i"Lcol1J!ibutiOl!Lf1~~.!l.J:>y.J.1:t.!U:.~gi~la!!tre...JL()l'erates .1'rimi1!.lly.
under the provisions of the Texas Constitution, Article XVI, Sec. 67, and Texas Government Code,
Title 8, Subtitle C. TRS also administers proportional retirement benefits and service credit
transfer under Texas Government Code, Title 8, Chapter 803 and 805, respectively. The Texas state
legislature has the authority to establish and amend benefits provisions of the pension plan. TRS
issues a publicly available financial report that includes financial statements and required
supplementary information for the defined benefit pension plan. That report may be obtained by
writing to the TRS Communications Department, 1000 Red River Street, Austin, Texas 78701, by
calling the TRS Communications Department at 1-800-223-8778, or by downloading the report
from the TRS Internet website, www.trs.state.tx.us. under the TRS Publications heading.
Funding Policy. State law provides for fiscal year 2010 and 2009 a state contribution rate of 6.644%
and 6.58%, respectively, and a member contribution rate of 6.4% for both years. In certain
instances the reporting district (I.S.D., college, university, or state agency) is required to make all
or a portion of the state's 2010 and 2009 6.644% and 6.58% contribution, respectively. The College
makes the 100% required contribution which represents the employer's contribution. The State is
the administrator and thereby funds the employer matching requirement. The College's
contribution for these employees was $136,893, $136,526, and $136,099 for fiscal years 2010, 2009,
and 2008, respectively. Contribution requirements are not actuarially determined but are
established and amended by the Texas state legislature. The state funding policy is as follows: (1)
The state contribution requires the legislature to establish a member contribution rate of not less
than 6.0% of the member's annual compensation and a state contribution rate of not less than 6.0%
and not more than 10.0% of the aggregate annual compensation of all members of the system
during that fiscal year; (2) A state statute prohibits benefit improvements or contribution
reductions if, as a result of a particular action, the time required to amortize TRS unfunded
actuarial liabilities would be increased to a period that exceeds 31 years, or, if the amortization
period already exceeds 31 years, the period would be increased by such action.
Optional Retirement Plan
Plan Description. The State of Texas has also established a defined contribution plan, the Optional
Retirement Program, for institutions of higher education. Participation in the Optional
Retirement Program is in lieu of participation in the Teacher Retirement System. The Optional
Retirement Program provides for the purchase of annuity contracts and operates under the
provisions of the Texas Constitution Articles, Article XVI, Sec. 67, and Texas Government Code,
Title 8, Subtitle C.
22
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
NOTES TO FINANCIAL STATEMENTS
AUGUST 31, 2010
11. EMPLOYEES' RETIREMENT PLANS (Continued)
Funding Policy! Contributions requirements are not actuarially determined but are established and
amended by the Texas state legislature. The percentages of participants' salaries currently
contributed by the State and each participant are 6.40% and 6.65%, respectively. The College
makes the 100% required contribution which represents the employer's contribution. Benefits
fully vest after one year plus one day of employment. Since these are individual annuity contracts,
the State has no additional or unfunded liability for this program. Currently the College
contributes up to 1.92% of each participant's salary to the Optional Retirement Program under
provisions of State law. The retirement expense to the College totaled $300,158, $275,994 and
$270,821 for 2010, 2009, and 2008, respectively. The State, through appropriations, reimbursed the
College 1.31% of the 2.5% it contributed on behalf of certain employees .
.... .... ......Th~:t'e!!:t:ae1!1aen!~xl'e:tns3e1t02toh1eOSt<1.dte2foOr09the~ollf:!ti~etl()~<l!eTdli~~,891,§J?~t<ll"l~· $3,966t'-~Ot9li-~!.!!!te.!i~~.~f
years en e .nugus,
an
, respec ve y.
IS amoun represen s e 'por Ion 0
expended appropriations made by the state legislature on behalf of the College which IS recorded
as revenue and expense in the restricted fund. The total payroll for all College emfloyees was
$79,710,023 and $74,613,097 for fiscal years 2010 and 2009, respectively. The tota payroll of
emRloyees covered by the Teacher Retirement System was $44,737,725 and $41,702,083 and the
total payroll of employees covered by the Optional Retirement System was $18,818,071 and
$18,580,724 for fiscal years 2010 and 2009, respectively.
Tax Sheltered Annuity Plan for Part Time Employees
Plan Description. The College has established a tax sheltered annuity plan for part time
employees. An eligible employee is a part time employee who is not eligible for participation in
the Teacher Retirement System of Texas or any other public or private retirement system within
the meaning of section 3121(b)(7)(F) of the Internal Revenue Code. The Tax Sheltered Annuity
Plan provides for the purchase of annuity contracts. These annuity contracts are administered by
Metropolitan Life Insurance for the participants. Certificates are issued to the participants
evidencing their annuity contracts. A participant is 100% vested in the accumulated value of his
annuity contract at all times.
Funding Policy. A participant can elect to make salary reduction contributions equal to a
percentage of 3.75% of his monthly compensation. The College makes contribution equal to
3.75% of participant's monthly compensation. Since these are individual annuity contracts, the
College has no additional or unfunded liability for this program. The retirement expense to the
College totaled $95,332, $77,575 and $80,757 for 2010, 2009 and 2008, respectively. Total payroll of
employees covered by the Tax Sheltered Annuity Plan for Part Time Employees was $2,542,153,
$2,068,637, and $2,153,518 for fiscal years 2010, 2009 and 2008, respectively.
23
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
NOTES TO FINANCIAL STATEMENTS
AUGUST 31, 2010
12. DEFERRED COMPENSATION PROGRAM
College employees may elect to defer a portion of their earnings for income tax and investment
purposes pursuant to authority granted In Government Code 609.001. As of August 31, 2010 and
2009, the College had 457 and 572 employees participating in the program and $1,908,013 and
$1,837,802, respectively, of payroll deductions had been invested in approved plans.
13. RISK MANAGEMENT
The College is exposed to various risks of loss related to torts; theft of, damage to, and destruction
of assets; errors and omissions; injuries to employees; and natural disasters. During fiscal year
1990, the Collee;e established a Workers' compensation claim program to account for and finance
its uninsured rIsks of loss related to employee injuries. Under this program, the College retains
all risk of 10Eis. The College E-urcha~~_cQJ.11!!l~rclal j!1~1l!.an~t:!JQr_ill! ot!!~t_!islfs_olJoss,-_J?t:!Jtl~4
--ClaIms liave nofexceede-d tliis -coinmercial coverage in any of the past three fiscal years. The
claims liability of $900,000 reJ'orted at August 31, 2010, is based on the requirements of GASB
Statement No. 10, which requIres that a liability for claims be reported if information prior to the
issuance of the financial statements indicates that it is probable that a liability has been incurred
at the date of the financial statements and the amount of the loss can be reasonably estimated.
The liability is subject to change based on actual claim development. Estimated future payments
for incurred claims are charged to current funds expenditures. Changes in the College's claims
liability amount in fiscal 2010 and 2009 was:
Beginning-offiscal-Year
Liability
2009-2010
2008-2009
$
$
900,000
900,000
Current-year
Claims and
Changes in
Estimates
$
$
362,223
437,571
Balance at
Fiscal
Year-End
Claim
Payments
$
$
(362,223)
(437,571)
$
$
900,000
900,000
14. COMPENSATED ABSENCES
Annual Leave
Full-time employees earn annual leave from 1 to 1.67 days .eer month depending on the number of
years employed with the College and the employee's classification. The College'S policy is that an
employee may carry his accrued leave forward from one fiscal year to another fiscal year with a
maximum number of days up to 40 for those employees who accrue 20 days leave per year.
Employees with at least six months of service who terminate their employment are entitled to
payment for all accumulated unused annual leave up to the maximum allowed. The College
recognized an accrual for compensated absences of approximately $2,612,573 and $2,513,313 for the
unpaid annual leave at August 31, 2010 and 2009, respectively.
Sick Leave
The Board of Trustees has adopted a policy providing that ten percent (10%) of accrued unused
sick leave (not to exceed 960 hours) shall De paid to an employee who has at least five years of
continuous eligible full-time service, upon seJ?aration from employment for any reason other than
by death. At A.ugust 31, 2010 and 2009, the estimated liability under this policy was approximately
$1,189,546 and $1,122,530, respectively, which is accrued.
24
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
NOTES TO FINANCIAL STATEMENTS
AUGUST 31, 2010
15. POST RETIREMENT HEALTH CARE AND LIFE INSURANCE BENEFITS
In additio.n to. pro.viding pensio.n benefits, the State o.f Texas pro.vides certain health care and life
insurance benefits fo.r retired emplo.yees. Almo.st all o.f the emplo.yees may beco.me eligible fo.r
tho.se benefits if they reach early o.r no.rmal retirement age while wo.rking fo.r the State. Tlio.se and
similar benefits fo.r active emplo.yees are Rrovided thro.ugh an insurance co.mpany who.se
premiums are based o.n benefits paId during the rrevio.us year. The State reco.gnizes tlie Co.st o.f
pro.viding these benefits by expending the annua insurance premiums. The State's co.ntributio.n
Rer full-time active and retired emplo.yee was 100% o.f the premium Co.st plus 50% o.f their
Clependents premium Co.st fo.r the years ended August 31, 2010 and 2009, and to.taled $6,222,186 and
$6,182,391 fo.r the years. The Co.st o.f pro.viding these benefits fo.r 264 and 257 retirees was
$1,350,129 and $1,257,638 and fo.r 1,275 and 1,244 active emplo.yees was $4,872,057 and $4,924,753 at
August 31, 2010 and 2009, respectively. The Co.llege's co.ntributio.n fo.r healthcare and life
insurance benefits fo.r its emplo.yees to.taled $2,999,876 and $2,251,607 fo.r 2010 and 2009,
respectively.
16. POST EMPLOYMENT BENEFITS OTHER THAN PENSIONS
Plan Description. The Co.llege participates in the State Retiree Health Plan (SRHP), a Co.st sharing,
multiple-emplo.yer, defined benefit po.stemplo.yment healthcare plan administered by tlie
Emplo.yees RetIrement System o.f Texas (ERS). SRHP pro.vides medical benefits to. retired
emplo.yees o.f participating universities, co.mmunity co.lleges and state agencies in acco.rdance with
Chapter 1551, Texas Insurance Co.de. Benefits and co.ntributio.n pro.visio.ns o.f the SRHP are
autlio.rized by State law and may be amended by the Texas Legislature.
ERS issues a publicly available financial repo.rt that includes financial statements are required
supplementary info.rmatio.n fo.r SRHP. That repo.rt may be o.btained fro.m ERS via their website at
http://www.ers.state.tx.us/.
FllndingPolic1{. Sectio.n 1551.055 o.f Chapter 1551, Texas Insurance Co.de pro.vides that co.ntributio.n
requirements o.f the Rlan members and the participating emplo.yers are established and may be
amended by the ERS bo.ard o.f trustees. Plan members o.r beneficiaries receiving benefits pay any
premium o.ver and abo.ve the emplo.yer co.ntributio.n.
The emplo.yer's share o.f the Co.st o.f the retiree healthcare co.vera&e fo.r the current year is kno.wn as
the implicIt rate subsidy. It is the difference between the claIms Co.sts fo.r the retirees and the
amo.unts co.ntributed by the retirees. The ERS bo.ard o.f trustees sets the emplo.yer co.ntributio.n
rate based o.n the implicit rate subsidy which is actuarially determined in acco.rdance with the
parameters o.f GASB statement 45.
The emplo.yer co.ntributio.n rate represents a level o.f funding that, if paid o.n an o.ngo.in& basis, is
projected to. co.ver no.rmal Co.sts each year and amo.rtize any unfunded actuarial liabIlities (o.r
funding excess) o.f the plan o.ver a perio.d no.t to. exceed thirty years.
The co.ntributio.ns to. SRHP fo.r the years ended August 31, 2010, 2009, and 2008 to.taled $1,350,129,
$1,257,638 and $1,207,622 are paid by the State, no. Co.llege co.ntributio.ns were required fo.r the
years. This amo.unt represents the po.rtio.n o.f expended appro.priatio.ns made by the state
legislature o.n behalf o.f the Co.llege which is reco.rded as revenue and expense in the restricted
fund.
17. CONTRACT AND GRANT AWARDS
Grant funds are co.nsidered to. be earned when all eligibility requirements have been met and to.
the extent o.f expenditures made under the pro.visio.ns o.f the grant. Acco.rdingly, when such funds
are received in advance, they are reco.rded as deferred revenue until earned. Co.ntract and grant
awards that are no.t yet funded and fo.r which the Co.llege has no.t yet perfo.rmed services are no.t
included in the financial statements. Co.ntract and grant awards funds already co.mmitted under
multi-year awards o.r fo.r fiscal perio.ds that differ fro.m the Co.llege's fiscal year fo.r which mo.nies
have no.t been received no.r funds expended to.taled appro.ximately $78,148,813 and $62,106,905 at
August 31, 2010 and 2009, respectively. Of this amo.unt, $75,327,074 and $59,887,459 were related to.
Federal Co.ntract and Grant Awards, $2,821,739 and $2,219,446 were fro.m State and Other Co.ntract
and Grant Awards.
25
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
NOTES TO FINANCIAL STATEMENTS
AUGUST 31, 2010
18. RELATED PARTY
The EI Paso Community College Foundation (the Foundation) is governed by a twenty-fourmember Board of Directors, independent of the College. Although the Foundation is not
financially accountable to the College, the Foundation has received from the College both in-kind
assistance in the form of donated services and use of facilities and equipment. The Foundation
solicits donations for the benefit of the College. It remitted gifts of $226,451 and $87,100 to the
College during the years ended August 31, 2010 and 2009, respectively. The College donated
certain services, such as office space, utilities, supplies, and staff salaries and benefits to the
Foundation with approximate value of $60,000 for each year.
19. PROPERTY TAXES
.!hE!~~o!l~ge~s.adyalol'E!l1ll'.r.~p_erty~Jax~JE!Y~..~t~a£..h. Q~~!~j:lE!.l'. .!oll !h~_assessed
the prior January 1 for all real and business property located in the District."
At August 31, 2010:
Assessed Valuation of the College
Less: Exemptions and abatements
Net Assessed Valuation of the College
Current
Operations
value listed as of
$
39,632,229,396
$
{5,027,414,797}
34,604,814,599
Debt
Service
Tax rate per $100 valuation for authorized
(maximum per enabling legislation)
$
0.15
$
Tax rate per $100 valuation for assessed
$
0.105670
$
0.50
Total
$
0.65
$
0.105670
$
35,630,552,158
$
{2,007,078,657}
33,623,473,501
At August 31, 2009:
Assessed Valuation of the College
Less: Exemptions and abatements
Net Assessed Valuation of the College
Current
Operations
Debt
Service
Tax rate per $100 valuation for authorized
(maximum per enabling legislation)
$
0.15
$
Tax rate per $100 valuation for assessed
$
0.106841
$
0.50
Total
$
0.65
$
0.106841
Taxes levied for the years ended August 31, 2010 and 2009, were $36,637,954 and $35,922,251,
respectively, (which includes any penalty and interest assessed, if applicable.) Taxes are due on
receipt of the tax bill and are delinquent if not paid before February 1 of the year following the
year in which imposed.
26
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
NOTES TO FINANCIAL STATEMENTS
AUGUST 31, 2010
19. PROPERTY TAXES (Continued)
2010
2009
Current Operations
Tax Collected
$
Current Taxes Collected
35,677,909
$
34,800,092
Delinquent Taxes
779,521
768,910
Penalties and Interest Collected
509,864
613,639
$
Total Collections
36,967,294
$
36,182,641
Tax collections for the years ended August 31, 2010 and 2009, were 97% of the current tax levy.
Allowances~for~uncollectible~taxes~for-the~~yearsended~AugusL31,~2010-and~2009-respectively,-oL-~
$415,921 and $414,768 are based upon historical experience in collecting property taxes. The use of
tax proceeds is restricted to local maintenance and operations.
20. PENDING LAWSUITS AND CLAIMS
On August 31, 2010, various lawsuits and claims involving the College were pending. While the
ultimate liability with respect to litigation and other claims asserted against the College cannot be
reasonably estimated at this time, management believes that this liability, to the extent not
provided for by insurance or otherwise, is not likely to have a material effect on the College.
21. COMMITMENTS
Encumbrances, primarily construction related, outstanding at August 31, 2010 and 2009,
respectively, that were provided for in the subsequent year's budget aggregated approximately
$3,286,337and $1,037,097.
22. FUND BALANCE
Net assets reclassified in fund balance formatted for the internal purposes at August 31, 2010 and
2009 were as follows:
2010
Current funds:
Fund balance, unrestricted
Fund balance, auxiliary enterprises
Fund balance, restricted
Total Current Fund Balance
$
$
17,582,152
1,255,913
749£819
19,587,884
2009
$
$
525,050
669,942
86£553£462
714,112
736,950
90A73£682
Fund balance, loan funds
Fund balance, endowment and similar funds
Fund balance, plant funds
$
Total Fund Balance
27
111,512,628
16,578,239
1,503,242
712£939
18,794,420
$
106,542,874
SUPPLEMENTARY INFORMATION
*In accordance with Education code 56.033, $1,890,629 and $1,559,525 for the years August 31, 2010 and 2009, respectively, of tuition was set aside for
Texas Public Education grants (TPEG).
**The College bookstore is outsourced to an independent third-party.
28
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
Schedule of Operating Expenses by Object
Year Ended August 31, 2010
(With Memorandum Totals for the Year Ended August 31, 2009)
Schedule B
Operating Expenses
Benefits
Local
State
Salaries
and Wages
Other
Expenses
2010
2009
Total
Total
Unrestricted - Educational Activities
Instruction
$
Research
Public Service
Academic Support
Student Services
Institutional Support
---""-----,--_.
--~-~-"-."
----_.
38,126,208
-
$
$
2,416,961
$
3,040,902
27,762
1,881
11,717
3,477,806
256,016
11,717,229
$
43,584,071
47,745
1,317,449
5,051,271
4,585,449
736,911
2,506,123
14,960,263
14,313,446
7,205,702
453,176
796,453
8,455,331
8,195,544
11,672,531
734,100
5,988,000
18,394,631
17,512,912
2,357,411
455,074
6,674,669
9,487,154
9,597,425
1,851,681
1,851,681
1,526,952
5,054,119
22,186,994
101,825,762
95,771,815
-
Operation and Maintenance of Plant
Scholarships and Fellowships
Total Unrestricted Educational Activities
39,992,342
$
41,360
74,584,649
~----"-.----
~
~
-
-------~"--
Restricted - Educational Activities
2,855,824
5,340,657
405,022
2,149,943
10,751,446
10,000,090
360,092
487,165
51,069
293,492
1,191,818
1,030,578
Academic Support
924,206
1,641,330
131,074
753,270
3,449,880
3,190,028
Student Services
560,823
1,009,363
79,538
457,096
2,106,820
2,023,226
1,635,069
1,629,735
40,110,998
40,110,998
24,749,097
Instruction
Research
Public Service
1,635,069
Institutional Support
Operation and Maintenance of Plant
Scholarships and Fellowships
4,700,945
10,113,584
666,703
43,764,799
59,246,031
42,622,754
79,285,594
10,113,584
5,720,822
65,951,793
161,071,793
138,394,569
75,447
1,253,954
1,753,830
1,462,846
Depreciation Expense - Buildings and
other real estate improvements
3,096,419
3,096,419
2,707,325
Depreciation Expense - Equipment,
furniture, and library books
1,024,982
1,024,982
1,349,105
Total Restricted Educational Activities
Total Educational Activities
Auxiliary Enterprises
Total Operating Expenses
424,429
$
Z2,ZlO,OZ3
:11
lO,1l3,5!H
:11
5,Z26.262
:11
Zl,32Z.HB
:11
166,24Z,024
(Exhibit 2)
29
:11
H3,213,B4:~
(Exhibit 2)
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
Schedule of Non-Operating Revenues and Expenses
Year Ended August 31, 2010
(With Memorandum Totals for the Year Ended August 31, 2009)
Unrestricted
Schedule C
Auxiliary
Enterprises
Restricted
2010
Total
2009
Total
31,479,078 $
6,222,186
3,891,398
33,356,208
41,592,662
43,234,190
NON-OPERATING REVENUES:
State Appropriations:
Education and general state support
$
31,479,078
$
-
State group insurance
6,222,186
State retirement matching
3,891,398
31,479,078
Total State Appropriations
Maintenance ad. valorem.taxes
$
-
$
10,113,584
36,967,294 ...
Federal Revenue, Non Operating
167,753
Other State Revenue, Non Operating
Investment income
Total Non-Operating Revenues
.36,967,294 ...
6,182,391
3,695,591
. .36,182,641_.
65,625,655
65,793,408
508,434
508,434
42,661,948
39,944
779,050
1,848
1,065
781,963
1,582,746
69,393,175
76,249,521
1,065
145,643,761
123,701,469
3,115,338
3,115,338
3,216,208
3,115,338
3,115,338
3,216,208
NON-OPERATING EXPENSES:
Interest on capital related debt
Loss on disposal of capital assets
Total Non-Operating Expenses
Net Non-Operating Revenues
$
66,277,837 $
76,249,521
$
1,065 $
142,528,423 $
(Exhibit 2)
30
120,485,261
(Exhibit 2)
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
Schedule of Net Assets by Source and Availability
Year Ended August 31, 2010
(With Memorandum Totals for the Year Ended August 31, 2009)
Schedule D
Available for Current Operations
Detail by Source
Restricted
Unrestricted
Capital Assets
Net of
Depreciation &
Related Debt
NonExpendable
Expendable
Yes
Total
No
Current:
Unrestricted
$
17,582,152
$
Restricted
-
$
-
$
-
$
749,819
Auxiliary Enterprises
1,255,913
714,112
Loan
17,582,152
$
17,582,152
749,819
749,819
1,255,913
1,255,913
$
714,112
714,112
736,950
736,950
Endowment:
---Quasi:
736,950
Restricted
Plant:
Unexpended
Renewals
Debt Service
19,003,959
19,003,959
891,011
891,011
891,011
8,972,529
8,972,529
300,000
61,606,183
Investment in Plant
Total Net Assets,
August 31, 2010
18,838,065
30,331,430
61,606,183
61,606,183
736,950
19,003,959
8,672,529
61,606,183
111,512,628
20,778,895
90,733,733
22,328,003
84,214,871
(Exhibit 1)
Total Net Assets,
August 31, 2009
32,767,631
18,081,481
55,023,820
669,942
106,542,874
(Exhibit 1)
Net Increase (Decrease) in
Net Assets
$
256,58il
$
(2,436,201} $
6Z,008
$
6.582,363
$
il,!!6!!,754
(Exhibit 2)
31
$
(l,5il!!,108} $
6,518,862
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
Schedule of Expenditures of Federal Awards
Year Ended August 31, 2010
Schedule E
Federal
CFDA
Number
U.S. Department of Education:
Direct Programs:
Student Financial Aid Cluster
Supplemental Education Opportunity Grants
Federal Family Education Loans
College Workstudy Program
College Workstudy Program (ARRA)
Pell Grant Program
Direct Student Loans
Academic Competitiveness
TRIO Cluster
...... -l'RI0StudentSupportServices
TRIO Upward Bound
Pass-through
Grantor's
Number
84.007
84.032
84.033
84.033
84.063
84.268
84.375
Strengthening InstitutionsjHispanic Serving Institutions·
Minority Science and Engineering Improvement
Migrant Education-High School Equivalency Program
Gaining Early Awareness and Readiness for Undergraduate Program
Child Care Access Means Parents in School
Pass-Through From:
Texas Higher Education Coordinating Board
Vocational Education - Basic Grants to States
Formula Allocation
Recruitment Marketing for CTE
Disbursements
And
Expenditures
$
801,947
6,634,792
922,281
154,788
60,799,687
860,162
2,142,777
84;042
84.047
696,961
274,968
84.031
84.120
84.141
84.334
84.335
215,641
509,497
418,308
776,430
3,958
84.048
84.048
104215
101104
773,727
215,995
989,722
Leveraging Educational Assistance Partnership
84.069
N/A
40,036
Special Leveraging Educational Assistance Partnership
84.069
N/A
52,853
State Fiscal Stabilization Fund (ARRA)
84.397
3607
553,718
University of Texas at EI Paso
College Access Challenge Grant Program
84.378
2173
52,906
Texas College Columbia University
Education Research, Development and Dissemination
84.305
542379/#3
1,101
84.000
ED-04-COOI07/005
20,809
JBL Associates, Inc
Office of Postsecondary Educatiol1
76,923,342
Total U.S. Department of Education
U.S. Department of Agriculture:
Pass- Through From:
Texas Workforce Commission
State Administrative Matching Grants for the Supplemental Nutrition
10.561
Total U.S. Department of Agriculture
1010ATPOOO
42,865
42,865
U.S. Department of Defense:
Direct Program:
Procurement Technical Assistance for Business Firms
12.002
Total U.S. Department of Defense
255,063
255,063
32
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
Schedule of Expenditures of Federal Awards (continued)
Year Ended August 31, 2010
Schedule E
Federal
CFDA
Number
U.S. Department of Housing and Urban Development:
Direct Program:
Hispanic-Serving Institutions Assisting Communities
Pass-through
Grantor's
Number
14.514
Pass-Through From:
City of EI Paso
Community Development BlockfEntitlement Grants
TVP Non Profit Corporation
Disbursements
And
Expenditures
1,400
14.218
NjA
27,221
Community Development BlockfEntitlement Grants
Project Vida Community Development Corporation
14.218
NjA
20,345
Community Development BlockfEntitlement Grants
.J:l:C!.llsjng.Allthority of thE! City ()fI'l1 J,'as.o ...
Public Housing Neighborhood Networks Grants
14.218
NjA
16,000
14.875
NjA
75,703
Total U.S. Department of Housing and Urban Development
U.S. Department of Iustice:
Direct Program:
Bulletproof Vest Partnership Program
140,669
840
16.607
840
Total U.S. Department of Justice
U.S. Department of Labor:
Direct Program:
Community Based Job Training Grants
17.269
Pass-Through From:
Texas Workforce Commission
WIA Adult Program (ARRA)
WIA Youth Program (ARRA)
Employment ServicejWagner-Peyser Funded Activities
WIA Dislocated Workers
Upper Rio Grande Workforce Development Board, Inc.
Trade Adjustment Assistance
ESL and GED Training Services
WIA Adult Program
ESL and GED Training Services
NCLEX Testing
WIA YQuth Activities
ESL and GED Training Services
Summer Health Institute
Summer Youth ITS
418,385
17.258
17.259
2910XSWOOO
1010XSWOOO
10,067
70,102
80,169
17.207
17.260
1009WPBOOI
1010ATPOOO
1,345
87,243
17.245
PY07-200-106-05
23,857
17.258
17.258
PY07-200-106-05
PO 08-1244
1,788
31,857
33,645
17.259
17.259
17.259
PY07-200-106-05
PY08-RFP-200-102
PY08-29709-400
5,365
9,094
1,264
15,723
WIA Dislocated Workers
ESL and GED Training Services
EMT GED Supplement
17.260
17.260
PY07-200-106-05
PO 08-1232
3,577
26
3,603
663,970
Total U.S. Department of Labor
33
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
Schedule of Expenditures of Federal Awards (continued)
Year Ended August 31, 2010
Schedule E
Federal
CFDA
Number
U.S. DeQartment of Trans:Qortation
Direct Program:
Commercial Motor Vehicle Operator Training Grants
Pass-Through From:
Texas Department of Transportation
Public Transportation Research
Pass-through
Grantor's
Number
20.235
2U.514
Disbursements
And
Expenditures
159,869--
UWR 0901(24) U13
34,804
194,673
Total U.S. Department of Transportation
National Science Foundation:
Direct Program:
Eaucationana Human Resources
47jj76
Pass-Through From:
University of Texas at EI Paso
Education and Human Resources
47.076
HRD-0703584
47.076
47.076
47.076
47.076
KMS0019-15-28jSUB
KMS0019-15-13jSUB
KMS0019-15-13jSUB
KMS0019-15-13jSUB
Arizona State University
Western Alliance to Expand Student Opportunities
Western Alliance to Expand Student Opportunities
Western Alliance to Expand Student Opportunities
Western Alliance to Expand Student Opportunities
60,458
14,167
14
478
427
207
1,126
75,751
Total National Science Foundation
U.S. Small Business Administration:
Pass-Through From:
University of Texas at San Antonio
Small Business Development Center
Small Business Development Center
59.037 9-603001-Z-0049-23-EPCC
59.037. 10-603001-Z-0049-24-EPCC
37,479
229,297
266,776
Total U.S. Small Business Administration
U.S. De:Qartment of Health and Human Services:
Direct Programs:
Biomedical Research and Research Training
93.859
Pass-Through From:
University of Texas at El Paso
Minority Health and Health Disparities Research
Minority Health and Health Disparities Research
Trans-NIH Recovery Act Research Support
Biomedical Research & Research Training
470,203
93.307
93.307
5 R24 MD001785-05
2 R24 MD001785-04
6,238
1,356
7,594
93.701
93.859
1R2HL091820-01A2
2R25GM049011-10
7,177
43,470
58,241
34
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
Schedule of Expenditures of Federal Awards (continued)
Year Ended August 31, 2010
Schedule E
Federal
CFDA
Number
Pass-through
Grantor's
Number
Disbursements
And
Expenditures
93.558
93.558
93.558
1009ATPOOO
1009SSF001
1009SSF002
295
179,152
116,153
U.S. Department of Health and Human Services (continued):
Pass-Through From (continued):
Texas Workforce Commission
Temporary Assistance for Needy Families
Apprenticeship Program FY 09
Customer Service Consortium
Auto Car Consortium
295,600
Upper Rio Grande Workforce Development Board
Temporary Assistance for Needy Families
93.558
PY07-200-106-05
1,180
Total U.S. Department of Health and Human Services
825,224
U.S. Agency for International Development:
Pass-Through From:
Georgetown University
98.001
USAlD Foreign Assistance for Programs Overseas
EP-RX20So-SS2-08-J-12! EPRX20So-SS2-1o-E
333,960
Total U.S. Agency for International Development
333,960
Total Federal Financial Assistance
$
35
79,723,133
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
NOTES TO SUPPLEMENTARY SCHEDULE
OF EXPENDITURES OF FEDERAL AWARDS
AUGUST 31, 2010
1.
FEDERAL ASSISTANCE RECONCILIATION
Federal Revenue - Per Schedule E
Per Schedule of Expenditures of Federal Awards
$
Federal Family Education Loans
(6,634,792)
Direct Student Loans
(860,162)
Leveraging Education Assistance Partnership
reflected in tuition
(92,890)
Funds passed through to others
(308,048)
Non Opera.ting FederarRevenue fronlScliedule C
{65~793;408)
Total Federal Revenue per Schedule A
2.
79,723,133
$
6,033,833
BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards includes the federal grant activity of El
Paso County Community College District and is presented on the accrual basis of accounting. The
information in this schedule is presented in accordance with the requirements of OMB Circular A-133,
Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented
in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial
statements.
3.
STUDENT LOANS PROCESSED AND ADMINISTRATIVE COST RECOVERED
Federal Grantor
CFDA NumberjProram Name
U.S. Department of Education
84.032 Federal Family Education Loans
84.268 Direct Student Loans
Total Federal Student Loans
4.
New Loans
Processed
$
$
Administrative
Cost
Recovered
Total Loans
Processed and
Administrative
Cost Recovered
6,634,792 $
6,634,792
- $
860,162
860,162
7,494,954 ~========- ~$====7~,4=~~,9~5=4
AMOUNTS PASSED THROUGH BY THE COLLEGE
The Minority Science and Engineering Improvement grant (CFDA 84.120) from the U.S. Department of
Education passed through $308,048 to the University of Texas at El Paso.
36
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
Schedule of Expenditures of State Awards
Year Ended August 31, 2010
Schedule F
State
Grantor's
Number
Texas Workforce Commission:
TWC - Del SoIfLas Palmas
Apprenticeship Program
Diverse Manufacturing Training Consortium
Apprenticeship Program
TWC-CETT
1008SDF001
1009ATPOOO
1009SDFOOO
1010ATPOOO-1
1010SDFOOO
Disbursements
And
Expenditures
$
Total Texas Workforce Commission
(17,570)
1,256
394,217
137,865
4,280
520,048
Texas Higher Education Coordinating Board:
State Workstudy 2009j2010
Texas Grant Initial
Texas Grant ReneWal
TEOG Initial
TEOG Renewal
Nursing Shortage Reduction
Vertical Team - Phase 2
Project Dream FY 09-11
Top 10 Percent Scholarship
Comm College Development Ed Initiative Program
El Paso Pathways
Nursing Shortage Reduction FY10
NSRP Under 70 Program FY 2010
Project Dream FY 09-11 (YR 2 of 3)
ABE-IG Adult Basic ED Innovation Grant
Pl-16 College Readiness
Certified Education Aide Program
SGPD
Early High School Graduation
Tuition Assistance - Military Forces
NjA
NjA
NjA
NjA
NjA
NjA
NjA
NjA
NjA
106,535
1,831,206
800;786
578,380
83,777
27
616
12,848
66,890
760,875
12,086
469,893
38,514
73,996
2,043
16,264
13,761
99,683
173,609
563,136
CMS2431
NjA
NjA
NjA
1425-01
02776
NjA
NjA
NjA
NjA
NjA
5,704,925
Total Texas Higher Education Coordinating Board
Texas Education Agency
Mission Rural Early College HjS
091045567110002
59,102
Total Texas Education Agency
59,102
Texas Department of Assistive & Rehabilitative Services
DARS Interpretative Services
Total Texas Department of Assistive & Rehabilitative Services
538·001·0000000000540
24,780
24,780
$
Total State Financial Assistance
37
6,308,855
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
NOTES TO SUPPLEMENTARY SCHEDULE
OF EXPENDITURES OF STATE AWARDS
AUGUST 31, 2010
1.
STATE ASSISTANCE RECONCILIATION
State Revenue - Per Schedule F
Per Schedule of Expenditures of State Awards
$
SGPD Awards from prior period set-asides
(99,683)
Funds Passed Through to Others
(845,000)
Non Operating State Revenue from Schedule B
{508,434)
Total State Revenue per Schedule A
2.
6,308,855
$
4,855,738
BASIS OF PRESENTATION
The accompanying schedule of expenditures of state awards includes the state grant activity of El Paso
County Community College District and is presented on the accrual basis of accounting. The information
in this schedule is presented in accordance with the requirements of the State of Texas Single Audit.
Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the
preparation of, the basic financial statements.
3.
AMOUNTS PASSED THROUGH BY THE COLLEGE
The following amounts were passed-through to the listed subrecepients by the college.
The Community College Development Education Initiative Program passed through from the Texas
Higher Education Coordinating Board to the following:
$ 75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
Alamo Community College District
Central Texas College District
Laredo Community College
North Central Texas College
San Jacinto College
South Texas College
Tarrant County College District
Trinity Valley Community College
UT BrownsvillefSouthmost Texas College
Western Texas College
$750,000
The Diverse Manufacturing Training Consortium grant from the Texas Workforce Commission passed
through $95,000 to the University of Texas at El Paso.
38
PENA BRIONES MCDANIEL & co.
CERTIFIED
A
PUBLIC
PROFESSIONAL
ACCOUNTANTS
CORPORATION
Rene D. Pena, CPA
Mary Carmen Briones, CPA
James R. McDaniel, CPA
4171 N. MESA, SUITE B100
EL PASO, TEXAS 79902-1498
PHONE: 915-542-1733
FAX: 915-544-5440
E-MAIL: cpa@cpaelpaso.com
MEMBERS OF AMERICAN INSTITUTE OF
CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL
REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF
FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING
STANDARDS
Boatu-of Trustees
EI Paso County Community College District
EI Paso, Texas
We have audited the financial statements of EI Paso County Community College District (the
"College") as of and for the fiscal year ended August 31, 2010 and have issued our report thereon dated
December 14, 2010. We conducted our audit in accordance with auditing standards generally accepted
in the United States of America and the standards applicable to financial audits contained in
Government Auditing Standards, issued by the Comptroller General of the United States.
Internal Control Over Financial Reporting
In planning and performing our audit, we considered the College'S internal control over financial
reporting as a basis for designing our auditing procedures for the purpose of expressing our opinions
on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of
the College's internal control over financial reporting. Accordingly, we do not express an opinion on
the effectiveness of the. College's internal control over financial reporting.
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned functions, to prevent or
detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control such that there is a reasonable possibility that
material misstatement of the entity's financial statements will not be prevented, or detected and
corrected on a timely ·basis.
Our consideration of the internal control over financial reporting was for the limited purpose
described in the first paragraph of this section and was not designed to identify all deficiencies in
internal control over financial reporting that might be deficiencies, significant deficiencies or material
weaknesses. We did not identify any deficiencies in internal control over financial reporting that we
consider to be material weaknesses, as defined above.
39(CPAt
The CPA. NIMIT Underutlmate The Value.-
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the College's financial statements are free of
material misstatement, we performed tests of its compliance with certain provisions of laws,
regulations, contracts, and grant agreements, noncompliance with which could have a direct and
material effect on the determination of financial statement amounts. However, providing an opinion
on compliance with those provisions was not an objective of our audit, and accordingly, we do not
express such an opinion. The results of our tests disclosed no instances of noncompliance or other
matters that are required to be reported under Government Auditing Standards.
Public Funds Investment Act
We have also performed tests designed to verify the College's compliance with the requirements of
the Public Funds Investment Act. During the year ended August 31, 2010 no instances of
noncompliance were found.
We noted other matters that we have reported to management of the College in a separate letter dated
December 14, 2010.
This report is intended solely for the information and use of the Board of Trustees, management,
others within the Organization, and federal and state awarding agencies and pass-through entities and
is not intended to be and should not be used by anyone other than these specified parties.
December 14, 2010
40
PENA BRIONES MCDANIEL & co.
CERTIFIED
A
PUBLIC
PROFESSIONAL
ACCOUNTANTS
CORPORATION
Rene D. Peiia, CPA
Mary Carmen Briones, CPA
James R. McDaniel, CPA
4171 N. MESA, SUITE 8100
EL PASO, TEXAS 79902-1498
PHONE: 915-542-1733
FAX: 915-544-5440
E-MAIL: cpa@cpaelpaso.com
MEMBERS OF AMERICAN INSTITUTE OF
CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH REQUIREMENTS THAT COULD
HAVE A DIRECT AND MATERIAL EFFECT ON EACH MAJOR PROGRAM AND ON INTERNAL
CONTROL OVER COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133 AND THE
STATE OF TEXAS SINGLE AUDIT CIRCULAR
Board of Trustees
EI Paso County Community College District
EI Paso, Texas
Compliance
We have audited the compliance of El Paso County Community College District (the "College") with
the types of compliance requirements described in the U. S. Office of Management and Budget
("0MB") Circular A-133 Compliance Supplement and the State of Texas Single Audit Circular that could
have a direct and material effect on each of the College's major federal and state programs for the
fiscal year ended August 31, 2010. The College'S major federal and state programs are identified in the
summary of auditor's results section of the accompanying schedule of findings and questioned costs.
Compliance with the requirements of laws, regulations, contracts, and grants applicable to each of its
major federal and state programs is the responsibility of the College's management. Our
responsibility is to express an opinion on the College's compliance based on our audit.
We conducted our audit of compliance in accordance with auditing standards generally accepted in
the United States of America; the standards applicable to financial audits contained in Government
Auditing Standards, issued by the Comptroller General of the United States; OMB Circular A-133,
Audits of States, Local Governments and Non-Profit Organizations; and the State of Texas Single Audit
Circular. Those standards, OMB Circular A-133 and the State of Texas Single Audit Circular, require
that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with
the types of compliance requirements referred to above that could have a direct and material effect on
a major federal or state program occurred. An audit includes examining, on a test basis, evidence
about the College's compliance with those requirements and performing such other procedures as we
considered necessary in the circumstances. We believe that our audit provides a reasonable basis for
our opinion. Our audit does not provide a legal determination of the College'S compliance with those
requirements.
In our opinion, the College complied, in all material respects, with the requirements referred to above
that are could have a direct and material effect on each of its major federal and state programs for the
fiscal year ended August 31, 2010.
4fCPA)'"
Thl!l CPA. NIWot Undartlatlmllla'ThG VlI.ruo."
Internal Control Over Compliance
The management of the College is responsible for establishing and maintaining effective internal
control over compliance with requirements of laws, regulations, contracts, and grants applicable to
federal and state programs. In planning and performing our audit, we considered the College's
internal control over compliance with requirements that could have a direct and material effect on a
major federal and state program in order to determine our auditing procedures for the purpose of
expressing our opinion on compliance and to test and report on internal control over compliance in
accordance with OMB Circular A-133, but not for the purpose of expressing an opinion on the
effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the
effectiveness of the College's internal control over compliance.
A deficiency in internal control over compliance exists when the design or operation of a control over
compliance does not allow management or employees, in the normal course of performing their
assigned functions, to prevent or detect and correct, noncompliance with a type of compliance
~feqUifemeht of a federal or state progra:m o-n a timely ba:sis. A material weakness in internal control
over compliance is a deficiency, or combination of deficiencies, in internal control over compliance,
such that there is a reasonable possibility that material noncompliance with a type of compliance
requirement of a federal or state program will not be prevented, or detected and corrected, on timely
basis.
Our consideration of the internal control over compliance was for the limited purpose described in
the first paragraph of this section and was not designed to identify all deficiencies in internal control
over compliance that might be deficiencies, significant deficiencies or material weaknesses. We did
not identify any deficiencies in internal control over compliance that we considered to be material
weaknesses, as defined above.
This report is intended solely for the information and use of the Board of Trustees, management,
others within the Organization, and federal and state awarding agencies and pass-through entities and
is not intended to be and should not be used by anyone other than these specified parties.
December 14, 2010
42
PAGE10F3
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
FOR THE YEAR ENDED AUGUST 31, 2010
Section I - Summary of Auditor's Results
Financial Statements
Type of auditor's report issued:
Unqualified
Internal control over financial reporting:
__ yes_X_no
Material weakness(es) identified?
Significant deficiencies identified not considered
__ yes _X_ none reported
to be material weaknesses?
Noncompliance material to financial statements noted?
_yes_X_no
Federal Awards
Internal Control over major programs:
_yes_X_no
Material weakness(es) identified?
Significant deficiencies identified not considered
__ yes _X_ none reported
to be material weaknesses?
Type of auditor's report issued on compliance for major programs
Unqualified
Any audit findings disclosed that are required to be reported in
accordance with Circular A-133, Section .510(a)?
__ yes_X_no
Identification of major programs:
CFDA Number(s)
Name of Federal Program or Cluster
84.007; 84.032; 84.033; 84.063; 84.268; 84.375
Student Financial Aid Cluster
Dollar threshold used to distinguish between Type A and Type B Programs:
$2,391,694
l-yes _ _ no
Auditee qualified as low-risk auditee?
43
PAGE20F3
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
FOR THE YEAR ENDED AUGUST 31, 2010
State Awards
Internal control over major programs:
__ yes_X_no
Material weakness(es) identified?
Significant deficiencies identified not cOllsidered
__ yes
to be material weaknesses?
Type of auditor's report issued on compliance for major programs
X
none reported
Unqualified
Any audit findings disclosed that are required to be reported in
accordance with State of Texas Single Audit Circular?
__ yes _X__ no
Identification of major programs:
Grantor's Number
SDF
CMS2431
Name of State Program
Texas Grant Programs
TEOG Program
Skilled Development Funds
Community College Development Ed Initiative Program
Nursing Shortage Reduction
Tuition Assistance - Military Forces
Dollar threshold used to distinguish between Type A and Type B Programs:
$300,000
~yes
Auditee qualified as low-risk auditee?
44
_ _ no
PAGE30F3
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
FOR THE YEAR ENDED AUGUST 31, 2010
Section II - Financial Statement Findings - None for both Federal and State Awards
Section III - Federal Awards Findings and Questioned Costs
For the years ended August 31, 2010 and 2009, no findings or questioned costs were noted.
Section III - State Awards Findings and Questioned Costs
For the years ended August 31, 2010 and 2009, no findings or questioned costs were noted.
45
STATISTICAL SECTION
This part of the EI Paso County Community College District's Annual Financial Report presents
detailed information as a context for understanding what the information in the financial statements,
note disclosures, and required supplementary information says about the government's overall
financial health.
Contents
Financial Trends
These schedules contain trend information to help the reader understand how
the District's financial performance and well-being have changed over time.
Revenue Capacity
These schedules contain information to help the reader assess the District's
most significant local revenue sources - tuition and fees, state appropriations
and ad valorem taxes.
Debt Capacity
These schedules present information to help the reader assess the affordability
of the government's current levels of outstanding debt and the District's
ability to issue additional debt in the future.
Demographic and Economic Information
These schedules offer demographic and economic indicators to help
the reader understand the environment within which the District's
financial activities take place.
Operating Information
These schedules contain service and infrastructure data to help the reader
understand how the information in the District's financial report
relates to the service the government provides and the activities it performs.
Sources: Unless otherwise noted, the information in these schedules is derived from the Annual
Financial Reports for the relevant years.
46
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
Statistical Supplement 1
Net Assets by Component
Fiscal Years 2002 to 2010
(unaudited)
2010
Invested in capital assets, net of related debt
$
Restricted - expendable
Restricted - nonexpendable
Unrestricted
Total primary government net assets $
61,606,183
30,331,430
736,950
18,838,065
111,512,628
2009
$
$
55,023,820
32,767,631
669,942
18,081,481
106,542,874
2008
$
$
51,700,504
32,232,699
590,395
18,326,504
102,850,102
Note: Due to reporting format and definition changes prescribed by GASB Statement 34, only fiscal years
2002-2010 are available.
47
For the Year Ended August 31,
2007
$
$
49,438,653
30,504,859
483,119
17,503,082
97,929,713
2006
$
$
44,280,868
28,334,228
381,197
17,031,343
90,027,636
2004
2005
$
$
40,677,566
26,887,278
285,270
15,260,160
83,110,274
$
39,263,263
23,341,049
198,682
_13,125,864~
$
48
75,928,858
2003
$
38,116,966
21,987,078
120,044
..... _~11,412,'Z65~
$ 71,636,853
2002
$
37,249,672
20,608,880
70,388
_ .. 10,426,028_ .
$ 68,354,968
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
Statistical Supplement 2
Revenues by Source
Fiscal Years 2002 to 2010
(unaudited)
For the Year Ended August 31,
2009
2010
Tuition and Fees (Net of Discounts)
Federal Grants and Contracts
State Grants and Contracts
Non-Governmental Grants and Contracts
Auxiliary enterprises
Other Operating Revenues
Total Operating Revenues
... StateAppropriations
Ad Valorem Taxes
Federal Grants, Non Operating
Other State Grants, Non Operating
Investment income
Total Non-Operating Revenues
Total Revenues
$
$
15,418,488
6,033,833
4,855,728
659,293
1,498,348
922,665
29,388,355
41,592,662
36,967,294
65,793,408
508,434
781,963
145,643,761
175,032,116
$
$
13,822,341
4,726,771
4,998,735
1,130,573
1,436,108
1,006,828
27,121,356
43,234,190 ...
36,182,641
42,661,948
39,944
1,582,746
123,701,469
150,822,825
2008
$
$
14,338,875
4,706,659
4,695,813
1,429,620
1,374,179
923,500
27,468,646
_.43,380,018.
34,817,839
37,727,176
3,370,284
119,295,317
146,763,963
2007
$
$
17,118,772
6,457,049
3,959,783
826,044
1,210,024
1,211,511
30,783,183
41,211,968.
33,209,749
36,616,080
3,820,269
114,858,066
145,641,249
For the Year Ended August 31,
2010
Tuition and Fees (Net of Discounts)
Federal Grants and Contracts
State Grants and Contracts
Non-Governmental Grants and Contracts
Auxiliary enterprises
Other Operating Revenues
Total Operating Revenues
State Appropriations
Ad Valorem Taxes
Federal Grants, Non Operating
Other State Grants, Non Operating
Investment income
Total Non-Operating Revenues
Total Revenues
2009
8.81%
3.45%
2.77%
0.38%
0.86%
0.53%
16.79%
23.76%
21.12%
37.59%
0.29%
0.45%
83.21%
100.00%
9.16%
3.13%
3.31%
0.75%
0.95%
0.67%
17.98%
28.67%
23.99%
28.29%
0.03%
1.05%
82.02%
100.00%
2008
9.77%
3.21%
3.20%
0.97%
0.94%
0.63%
18.72%
29.56%
23.72%
25.71%
0.00%
2.30%
81.28%
100.00%
Note: Due to reporting format and definition changes prescribed by GASB Statement 34, only fiscal years
2002-2010 are available.
49
2007
11.75%
4.43%
2.72%
0.57%
0.83%
0.83%
21.14%
28.30%
22.80%
25.14%
0.00%
2.62%
78.86%
100.00%
2006
$
$
16,324,468
5,189,490
3,969,766
245,295
1,332,378
780,103
27,841,500
40,ZI'O,870.
31,670,769
38,473,626
2,554,594
113,469,859
141,311,359
2006
11.55%
3.67%
2.81%
0.17%
0.94%
0.55%
19.70%
28.85%
22.41%
27.23%
0.00%
1.81%
80.30%
100.00%
2005
$
$
15,146,645
6,762,681
3,173,756
943,120
1,221,403
1,253,261
28,500,866
36,879,349.
30,499,159
43,214,021
1,340,517
111,933,046
140,433,912
2005
10.79%
4.82%
2.26%
0.67%
0.87%
0.89%
20.29%
26.26%
21.72%
30.77%
0.00%
0.95%
79.71%
100.00%
2004
$
$
2002
2003
13,569,330
6,946,258
3,679,429
415,981
1,217,417
1,093,240
26,921,655
36,551,753_
28,044,498
42,019,761
487,210
107,103,222
134,024,877
2004
$
$
12,964,477
6,554,735
4,550,110
369,160
1,147,265
1,017,864
26,603,611
_38,683,675
26,316,015
35,729,863
605,022
101,334,575
127,938,186
2003
10.12%
5.18%
2.75%
0.31%
0.91%
0.82%
20.09%
27.27%
20.92%
31.35%
0.00%
0.36%
79.91%
100.00%
50
10.13%
5.12%
3.56%
0.29%
0.90%
0.80%
20.79%
30.24%
20.57%
27.93%
0.00%
0.47%
79.21%
100.00%
$
$
13,246,734
7,891,101
3,744,982
579,960
1,085,071
1,631,900
28,179,748
40,505,996
24,701,486
29,475,921
1,019,884
95,703,287
123,883,035
2002
10.69%
6.37%
3.02%
0.47%
0.88%
1.32%
22.75%
32.70%
19.94%
23.79%
0.00%
0.82%
77.25%
100.00%
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
Statistical Supplement 3
Program Expenses by Function
Fiscal Years 2002 to 2010
(unaudited)
For the Year Ended August 31,
2010
Instruction
Research
Public service
Academic support
Student services
Institutional support
Operation and maintenance of plant
Scholarships.andfellowships _
Auxiliary enterprises
Depreciation
Total Operating Expenses
Interest on capital related debt
Loss on disposal of capital assets
Total Non-Operating Expenses
Total Expenses
$
$
2009
$
54,335,517
41,360
6,243,089
18,410,143
10,562,151
20,029,700
9,487,154
_41,962,6'79
1,753,830
4,121,401
166,947,024
3,115,338
3,115,338
170,062,362
$
49,992,432
47,745
5,616,027
17,503,474
10,218,770
19,142,647
9,597,425
__ 26,27.6,049 _
1,462,846
4,056,430
143,913,845
3,216,208
3,216,208
147,130,053
2008
$
48,394,133
15,247
6,395,334
16,744,629
10,199,098
19,922,834
8,953,714
2007
$
22,123i158
1,773,241
3,986,591
138,508,279
3,335,295
$
3,335,295
141,843,574
$
48,799,237
14,593
5,235,682
14,383,334
10,040,659
18,676,469
8,171,961
21,la2,3al
2,748,508
4,125,838
133,385,662
4,341,880
11,630
4,353,510
137,739,172
For the Year Ended August 31,
2010
Instruction
Research
Public service
Academic support
Student services
Institutional support
Operation and maintenance of plant
Scholarships and fellowships
Auxiliary enterprises
Depreciation
Total Operating Expenses
Interest on capital related debt
Loss on disposal of fixed assets
Total Non-Operating Expenses
Total Expenses
2009
31.95%
0.02%
3.67%
10.83%
6.21%
11.78%
5.58%
24.67%
1.03%
2.42%
98.17%
1.83%
0.00%
1.83%
100.00%
33.98%
0.03%
3.82%
11.90%
6.95%
13.01%
6.52%
17.86%
0.99%
2.76%
97.81%
2.19%
0.00%
2.19%
100.00%
2008
34.12%
0.01%
4.51%
11.80%
7.19%
14.05%
6.31%
15.60°ft)
1.25%
2.81%
97.65%
2.35%
0.00%
2.35%
100.00%
2007
35.43%
0.01%
3.80%
10.44%
7.29%
13.56%
5.93%
15.38%
2.00%
3.00%
96.84%
3.15%
0.01%
3.16%
100.00(110
Note: Due to reporting format and definition changes prescribed by GASB Statement 34, only fiscal years 2002-2010 are
available.
51
2005
2006
$
$
47,099,097
20,938
3,930,285
15,940,956
10,210,118
18,119,480
7,754,674
$
44,666,792
22,257
4,466,088
14,830,152
8,806,432
17,167,489
8,487,256
-23~906~774
27;229~139
1,367,399
3,327,339
131,677,060
2,457,840
259,097
2,716,937
134,393,997
1,130,926
3,563,410
130,369,941
2,538,765
343,790
2,882,555
133,252,496
2006
35.05%
0.02%
2.92%
11.86%
7.60%
13.48%
5.77%
17.79%
1.02%
2.48%
97.98%
1.83%
0.19%
2.02%
100.00%
$
2005
33.52%
0.02%
3.35%
11.13%
6.61%
12.88%
6.37%
20.43%
0.85%
2.67%
97.84%
1.91%
0.26%
2.16%
100.00%
2003
2004
$
$
43,345,737
17,219
3,995,905
12,562,184
8,298,219
16,239,200
6,928,409
-- ---28;926;384
1,070,970
3,870,706
125,254,933
2,663,290
$
2,663,290
127,918,223
$
36,983,086
13,160
7,952,388
12,030,390
7,955,152
19,204,979
8,564,175
23;903;096
1,051,668
4,335,283
121,993,377
2,662,924
2,662,924
124,656,301
2003
2004
29.67%
0.01%
6.38%
9.65%
6.38%
15.41%
6.87%
19.18%
0.84%
3.48%
97.86%
2.14%
0.00%
2.14%
100.00%
33.89%
0.01%
3.12%
9.82%
6.49%
12.69%
5.42%
22.61%
0.84%
3.03%
97.92%
2.08%
0.00%
2.08%
100.00%
52
2002
$
36,209,488
19,614
8,580,813
12,195,492
7,941,535
18,782,701
8,538,869
21-;402~325
1,009,415
3,209,043
117,889,295
3,188,801
$
3,188,801
121,078,096
2002
29.91%
0.02%
7.09%
10.07%
6.56%
15.51%
7.05%
17.68%
0.83%
2.65%
97.37%
2.63%
0.00%
263%
100.00%
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
Statistical Supplement 4
Tuition and Fees
Last Ten Academic Years
(unaudited)
Resident
Fees per Semester Credit Hour (SCH)
Academic
Year
(Fall)
2009-10
2008-09
2007-08
2006-07
2005-06
2004-05
2003-04
2002-03
2001-02
2000-01
In-District
Tuition
$
-------~-----
59.50
49.17
49.17
49.17
45.50
45.50
41.67
39.08
33.25
33.25
General Use
Fees
$
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
Technology
Fees
$
Student
Activity Fees
Athletic Fees
Cost for
12 SCHInDistrict
$
$
$
1.00
1.00
0.42
0.42
0.25
0.25
834.00
710.00
710.00
710.00
666.00
666.00
_._-"-"--_.
620.00
589.00
539.00
539.00
from Prior
Year InDistrict
17.46%
0.00%
0.00%
6.61%
0.00%
7.42%
5.26%
9.28%
0.00%
12.53%
Non - Resident
Fees per Semester Credit Hour (SCH)
Academic
Year
(Fall)
2009-10
2008-09
2007-08
2006-07
2005-06
2004-05
2003-04
2002-03
2001-02
2000-01
Non-Resident
Tuition
Out of State
$
82.50
71.88
71.88
71.88
65.25
61.00
60.00
56.67
50.83
50.83
General Use
Fees
$
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
Technology
Fees
$
1.00
Student
Activity Fees
Athletic Fees
$
$
0.42
0.42
0.25
0.25
Cost for
12 SCH
Out of
State
Increase
from Prior
Year
Out of State
$ 1,110.00
983.00
983.00
983.00
903.00
852.00
840.00
800.00
738.00
750.00
12.97%
0.00%
0.00%
8.86%
5.99%
1.43%
5.00%
8.40%
-1.60%
8.70%
Note: In addition students may incur course related fees such as laboratory fees, testing fees and certification fees.
53
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
Statistical Supplement 5
Assessed Value and Taxable Assessed Value of Property
Last Ten Fiscal Years
(unaudited)
Direct Rate
Maintenance
Fiscal Year
2009-10
2008-09
2007-08
2006-07
2005-06
2004-05
2003-04
2002~03--
2001-02
2000-01
1999-00
1998-99
Assessed Valuation of
Property
$
39,632,229,396
35,630,552,158
32,624,942,441
28,812,089,203
25,344,113,551
23,727,788,205
22,064,903,682
21,492;080;544
21,253,260,214
19,988,138,690
19,329,101,133
19,159,497,949
Less: Exemptions
$
5,027,414,797
2,007,078,657
1,870,233,510
1,760,436,222
1,756,306,687
1,671,213,052
1,666,280,236
1;714,692;007
2,000,161,335
1,731,540,079
1,667,556,759
1,571,889,319
Taxable Assessed
Value
(TAV)
$
34,604,814,599
33,623,473,501
30,754,708,931
27,051,652,981
23,587,806,864
22,056,575,153
20,398,623,446
19,777;388;537 -19,253,098,879
18,256,598,611
17,661,544,374
17,587,608,630
Source: Local Appraisal District
Notes: Property is assessed at full market value.
(a) per $100 Taxable Assessed Valuation
54
Ratio of Taxable
Assessed Value to
Assessed Value
87.31%
94.37%
94.27%
93.89%
93.07%
92.96%
92.45%
92;02% 90.59%
91.34%
91.37%
91.80%,
Debt
Service
(a)
&
Operations
(a)
$
0.105670
0.106841
0.111967
0.120998
0.132844
0.136637
0.136357
- -0;131389
0.127499
0.127499
0.110751
0.110751
$
-
Total
(a)
$ 0.105670
0.106841
0.111967
0.120998
0.132844
0.136637
0.136357
0;131389
0.127499
0.127499
0.110751
0.110751
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
Statistical Supplement 6
State Appropriation per FTSE and Contact Hour
Last Ten Fiscal Years
(unaudited)
Appropriation per FTSE
Fiscal Year
2009-10
2008-09
State
Appropriation
$
31,479,078
33,356,208
FTSE
19,868
17,625
Appropriation per Contact Hour
State
Appropriation
perFTSE
$
Academic
Contact
Hours (a)
VocfTec
Contact
Hours (b)
Total
Contact
Hours
State
Appropriation
per Contact
Hour
$
1,584
8,782,224
1,661,936
10,444,160
1,893
7,780,464
1,553,376
9,333,840
3.57
1,477,680
8,896,272
···9;113;136
3.75
1;500;656
9,403,600
3.38
3.01
2007-08
33,356,211
16,769
200&:07
3:[,677;300
17;531
2005-06
31,786,315
18,268
1,740
7,920,912
1,482,688
2004-05
2003-04
29,319,940
18,026
1,627
7,906,384
1,502,336
9,408,720
3.12
29,083,108
1,685
7,378,272
1,591,888
8,970,160
3.24
2002-03
30,053,120
17,255
15,767
1,906
6,380,656
1,593,968
7,974,624
3.77
2001-02
32,370,370
15,033
5,718,016
1,561,456
33,574,396
15,107
5,404,576
1,656,784
7,279,472
7,061,360
4.45
2000-01
2,153
2,222
32,748,006
14,433
2,269
5,595,616
1,781,104
7,376,720
4.44
1999-00
7,418,592
..... 7;612)180 .
1,989
··1;807
Notes:
FTSE is'defined as the number of full time students plus total hours taken by part-time students divided by 12.
(a) Source CBM001
(b) Source CBMOOA
55
3~48·
4.75
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
Statistical Supplement 7
Principal Taxpayers
Last Ten Tax Years
(unaudited)
Taxable Assessed Value (TAV) by Tax Year ($000 omitted)
Taxpayer
Type of Business
Western Refining Company LP
Tenet Hospitals
EI Paso Electric Company
River Oaks Properties LTD
Simon Property Group
Southwestern Bell Telephone
Texas Gas Service
Cardinal Health 5 LLC
Freeport-;;McMoran
EI Paso Outlet Center Holding Co
E I Du Pont De Nemours & Co
EI Paso Natural Gas Co
Ranchos Real IV LTD
Hoover Company
Texas & Kansas City Cable Partner
Chevron USA Inc.
Refining Holding Co LP
Southern Union Gas Co
Refining
Hospital
Utility
Properties
Properties
Utility
Utility
Hospital
2010
2009
365,474
235,065
229,477
189,984
182,874
118,810
65,351
53,890
$
~-Refining
437,864 $
77,542
209,436
200,917
181,907
127,810
58,937
71,978
54;871-·
$
~52,294~
Properties
Manufacturing
Utility
Properties
Manufacturing
Utility
Refining
Refining
Utility
2008
50,922
2007
551,898
145,766
190,725
166,102
183,991
139,570
56,089
$
484,121
90,943
182,205
144,938
183,343
160,329
54,424
64i418~
50,394
54,640
47,086
44,163
44,217
48,564
Totals $
1,544,141
$
1,475,902
$
1,575,784
$
1,457,502
Total Taxable Assessed Value $
34,604,815
$
33,623,474
$
30,754,709
$
27,051,653
o/., of Taxable Assessed Value (TAV) by Tax Year
Taxpayer
Type of Business
Western Refining Company LP
Tenet Hospitals
EI Paso Electric Company
River Oaks Properties LTD
Simon Property Group
Southwestern Bell Telephone
Texas Gas Service
Cardinal Health 5 LLC
Freeport - McMoran
EI Paso Outlet Center Holding Co
E I Du Pont De Nemours & Co
EI Paso Natural Gas Co
Ranchos Real IV LTD
Hoover Company
Texas & Kansas City Cable Partner
Chevron USA Inc.
Refining Holding Co LP
Southern Union Gas Co
Refining
Hospital
Utility
Properties
Properties
Utility
Utility
Hospital
Refining
Properties
Manufacturing
Utility
Properties
Manufacturing
Utility
Refining
Refining
Utility
Totals
Source: Local County Appraisal District
2009
2010
1.06%
0.68%
0.66°/.,
0.55%
0.53%
0.34%
0.19%
0.16%
0.15%
0.15%
2008
1.30%
0.23%
0.62%
0.60%
0.54%
0.38%
0.18%
0.21%
0.16%
0.16%
2007
1.79%
0.47%
0.62%
0.54%
0.60%
0.45%
0.18%
1.79%
0.34'Yo
0.67%
0.54%
0.68%
0.59%
0.20%
0.16%
0.24%
0.15%
0.14%
4.46%
56
4.39%
5.12%
0.16%
0.18%
5.39%
2005
2006
316,643
70,640
170,657
95,677
164,602
148,508
48,837
$
2004
143,958
65,084
177,996
66,616
89,539
144,808
49,719
$
2003
-
$
2002
-
$
2001
-
$
$
59,867
199,850
58,266
84,318
172,497
54,759
216,205
58,484
85,677
192,652
54,759
216,205
58,484
85,677
192,652
59,752
210,103
52,127
84,381
190,381
61,055
65,627
67,174
71,200
71,200
69,786
59,999
50,512
67,815
47,587
63,090
58,950
58,950
91,275
53,358
51,172
91,744
57,219
45,530
91,744
57,219
45,530
57,572
43,838
. 106,851
63,095
$
1,187,130
$
918,749
$
900,867
$
932,420
$
932,420
$
937,886
$
23,587,807
$
22,056,575
$
20,398,623
$
19,777,389
$
19,253,099
$
18,256,599
2005
2006
2003
2004
2002
2001
1.34%
0.30%
0.72%
0.41%
0.70%
0.63%
0.21%
0.65%
0.30%
0.81%
0.30%
0.41%
0.66%
0.23%
0.29%
0.98%
0.29%
0.41%
0.85%
0.28%
1.09%
0.30%
0.43%
0.97%
0.28%
1.12%
0.30%
0.45%
1.00%
0.33%
1.15%
0.29%
0.46%
1.04%
0.26%
0.30%
0.33%
0.36%
0.37%
0.38%
0.25%
0.21%
0.31%
0.22%
0.31%
0.30%
0.31%
0.45%
0.26%
0.25%
0.46%
0.29%
0.23%
0.48%
0.30%
0.24%
0.32%
0.24%
0.59%
0.35%
4.42%
4.71%
4.84%
5.03%
4.17%
57
5.14%
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
Statistical Supplement 8
Property Tax Levies and Collections
Last Ten Tax Years
(unaudited)
(amounts expressed in thousands)
Fiscal Year
Ended
August 31
Levy
(a)
Cumulative
Levy
Adjustments
2009-10
$ 37,047,109 $
2008-09
36,092,639
2007-08
.. ·200&;07
34,603,395
Adjusted
Tax Levy
(b)
CollectionsYear of
Levy
(c)
(409,155) $ 36,637,954 $
35,840,227
(252,412)
Prior
Current
Cumulative
Collections of Collections of
Total
Collections of
Prior Levies Prior Levies Collections
Adjusted
(d)
Percentage
(e)
(C+D+E)
Levy
35,677,909
97.38%
34,800,092
97.10%
97.62'Yo
9751%
97.33%
97.06%
97.34%
95.73%
96.78%
97.64%
34,382,306
33,562,299
32;692;682
(221,089)
-(61;433) .
32;631,249
31;820;331
2005-06
31,387,627
(70,283)
31,317,344
30,481,027
2004-05
30,227,391
(138,841)
30,088,550
29,203,806
2003-04
27,817,738
(228,921)
27,588,817
26,854,279
2002-03
2001-02
26,464,511
(328,770)
26,135,741
25,019,871
24,618,818
(71,425)
24,547,393
23,757,637
2000-01
23,273,419
(14,862)
23,258,557
22,709,821
Source: Local Tax Assessor/Collector's and District records.
(a) As reported in notes to the financial statements for the year of the levy.
58
$
$
-
$ 35,677,909
97.38%
555,780
35,355,872
98.65%
421,198
104,278
565;840
33;004
34,087,775
·32;419;175-
99.14%
-99:35%···
609,950
29,052
14,843
31,120,029
99.37%
676,317
29,894,966
99.36%
572,439
10,485
27,437,203
99.45%
974,286
8,063
26,002,220
99.49%
653,362
5,448
24,416,447
99.47%
427,309
3,920
23,141,050
99.49%
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
Statistical Supplement 9
Ratios of Outstanding Debt
Last Ten Fiscal Years
(unaudited)
For the Year Ended August 31
2010
2009
2008
2006
2007
General Bonded Debt
$
- $
- $
- $
- $
Net General Bonded Debt
$
- $
- $
- $
- $
Per Capita
$
$
$
$
$
General Obligation Bonds
Less: Funds Restricted for Debt Service
Per Student
As a percentage of Taxable Assessed Value
0.00%
0.00%
0.00%
0.00%
0.00%
Other Debt
Revenue Bonds
$
63,500,000
$
66,390,000
$
69,165,000 $
71,835,000
$
46,480,000
Contractual Obligations Bonds
Notes
Capital Lease Obligations
3,696,627
1,480,129
1,037,700
1,150,023
1,258,018
89,863
157,619
228,497
240,037
279,461
$
68,027,748
$
70,431,197
$
73,225,060
$
48,017,479
83.62 $
85.91
$
90.41
$
95.36
$
63.59
Per Student
3,387
3,860
4,200
4,177
2,629
As a percentage of Taxable Assessed Value
0.19%
0.20%
0.23%
0.27%
0.20%
Total Outstanding Debt
$
67,286,490
Total Outstanding Debt Ratios
Per Capita
$
Notes: Ratios calculated using population and TAV from current year. Debt per student calculated using full-time·
equivalent enrollment.
59
2005
2004
2003
2002
2001
$
- $
- $
- $
- $
$
- $
- $
- $
- $
$
$
$
$
$
0.00%
$
48,425,000
0.00%
$
50,240,000
$
53,800,000
0.00%
0.00%
0.00%
$
$
55,785,000
57,665,000
590,000
1,284,361
452,484
77,025
154,221
950,065
52,552
394,672
208,604
$
49,863,582
$
50,769,509
$
$
67.16
$
70.79
$
531,233
54,008,604
$
56,232,224
$
59,736,298
76.64
$
81.24
$
87.89
2,766
2,942
3,425
0.23%
0.25%
0.27%
3,741
3,954
0.29%
0.33%
60
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
Statistical Supplement 10
Legal Debt Margin Information
Last Ten Fiscal Years
(unaudited)
For the Year Ended August 31
2010
Taxable Assessed Value
$
2008
2009
34,604,814,599
$
33,623,473,501
$
2007
30,754,708,931
$
27,051,652,981
General Obligation Bonds
Statutory Tax Levy Limit for Debt Service
Less: funds Restricted for Repayment of General
ObligationBonds---
173,024,073
168,117,368
153,773,545
135,258,265
Net Statutory Tax Levy Limit for Debt Service
173,024,073
168,117,368
153,773,545
135,258,265
173,024,073 $
168,117,368 $
153,773,545 $
135,258,265
Current Year Debt Service Requirements
Excess of Statutory Limit for Debt Service over
Current Requirements
Net Current Requirements as a % of Statutory Limit
$
0.00%
0.00%
0.00%
0.00%
Note: Texas Education Code Section 130.122 limits the debt service tax levy of community colleges to $0.50 per hundred dollars taxable
assessed valuation.
61
2005
2006
$
$
23,587,806,864
$
2004
22,056,575,153
$
2003
20,398,623,446
$
2002
19,777,388,537 $
2001
19,253,098,879
$
18,256,598,611
117,939,034
110,282,876
101,993,117
98,886,943
96,265,494
91,282,993
117,939,034
110,282,876
101,993,117
98,886,943
96,265,494
91,282,993
612,125
612,645
117,939,034
0.00%
$
110,282,876
0.00%
$
101,993,117 $
98,886,943
0.00%
0.00%
62
$
95,653,369
0.64%
$
90,670,348
0.67%
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
Statistical Supplement 11
Pledged Revenue Coverage
Last Ten Fiscal Years
(unaudited)
Revenue Bonds
Debt Service Requirements
Pledged Revenues
(1)
General Use
Interest
Ended August 31
Tuition
Fee
Income
2010
$ 9,368,777
Fiscal Year
2009
7,491,999
(1)
$ 5,785,460
·5,162,768
2008
7,424,058
(1)
4,994,683
2007
7,715,701
(1)
2006
831,855
820,133
766,013
669,068
609,270
607,140
5,101,453··
5,270,972
2005
2004
2003
2002
2001
(1)
5,291,746
5,031,126
4,454,606
4,086,810
3,979,805
$
129,087
Coverage
Total
$
15,283,324
Interest
Principal
$
3,010,000
$
3,088,967
$
Total
Ratio
6,098,967
2.51
302,837
12,957,604
2,890,000
3,208,188
6,098,188
2.12
1,526,546
13,945,287
2,775,000
3,321,825
6,096,825
2.29
15,184,890·
2,670,000·
3,429,690
··6,099,690
2.49
7,997,236
7,065,710
6,136,697
5,450,502
5,250,820
6,181,128
2,065,000
1,945,000
2,283,636
2,378,753
2,471,263
2,562,024
2,752,824
2,920,693
4,348,636
1.84
1.63
1.43
1.25
1.11
·2,367,736
1,894,409
953,831
339,558
326,828
554,740
1,594,183
Note:
(1) Effective February 2007, pledge coverage ratio includes 25% of gross tuition.
63
1,815,000
1,810,000
1,985,000
1,880,000
4,323,753
4,286,263
4,372,024
4,737,824
4,800,693
1.29
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
Statistical Supplement 12
Demographic and Economic Statistics - Taxing District
Last Ten Fiscal Years
(unaudited)
Calendar
Year
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
District
Population (1)
804,655
791,854
779,052
767,886
755,085
742,416
717,211
704,671
692,152
679,662
District
Personal
Income
(thousands
of dollars)
22,587,471
22,127,568
20,688,505
18,751,776
17,884,943
16,908,524
15,655,999
14,686,048
14,169,044
13,353,999
District
Personal
Income
Per
Capita (3)
$
28,071
27,944
26,556
24,420
23,686
22,775
21,829
20,841
20,471
19,648
District
Unemployment
Rate (2)
10.20%
9.60%
6.70%
5.80%
7.10%
6.00%
7.80%
8.40%
8.20%
7.94%
Sources:
(1) City of EI Paso Department of Planning, Research and Development (estimate)
(2) Texas Workforce Commission
(3) Bureau of Economic Analysis (estimate)
64
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
Statistical Supplement 13
Principal Employers
Fiscal Years 2006-2010
(unaudited)
2010
Employer
Fort Bliss Civilian Employees
El Paso Independent School District
Ysleta Independent School District
Socorro Independent School District
City of EI Paso
T&TStaff Management LP
Wal-Mart
EI Paso County Community College District
Tenet Hospital Ltd
University of Texas at EI Paso
VF JeansWear
Total
2009
Percentage
of Total
Employment
Number of
Employees
Number of
Employees
Percentage
of Total
Employment
14,750
9,000
7,155
7,000
6,500
5,587
3,205
3,152
3,053
2,681
4.75%
2.90%
2.31%
2.26%
2.10%
.1.80%
1.03%
1.02%
0.98%
0.86%
10,200
8,505
6,066
4,488
6,400
6,100
4,050
2,971
6,587
4,000
1.47%
1.08%
2.40%
1.46%
62,083
20.01%
59,367
21.61%
Source:
The Greater EI Paso Chamber of Commerce
Texas Workforce Commission
Note:
Percentages are calculated using total employment figures from the Texas
Workforce Commission.
The College previously did not present this schedule and chose to implement prospectively.
65
3.71%
3.10%
2.21%
1.63%
2.33%
2.~%
2008
Number of
Employees
2007
Percentage
of Total
Employment
10,000
8,505
6,066
4,488
6,400
.6,100
4,050
2,897
6,587
4,000
3.64%
3.10%
2.21%
1.63%
2.33%
2.22%
1.47%
1.05%
2.40%
1.46%
59,093
21.51%
Number of
Employees
2006
Percentage
of Total
Employment
Number of
Employees
Percentage
of Total
Employment
6,500
8,500
8,241
2,800
5,409
2.34%
3.06%
2.97%
1.01%
1.95%
6,500
8,500
8,241
2,800
5,409
2.34%
3.06%
2.97%
1.01%
1.95%
3,000
2,967
4,000
3,686
4,600
49,703
1.08%
1.04%
1.44%
1.33%
1.66%
17.88%
3,000
2,990
4,000
3,686
4,600
49,726
1.08%
1.04%
1.44%
1.33%
1.66%
17.88%
66
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
Statistical Supplement 14
Faculty, Staff, and Administrators Statistics
Last Nine Fiscal Years
(unaudited)
Fiscal Year
2010
2009
2008
2007
2006
Faculty
Full-time
Part-time
Total
405
1,045
1,450
400
976
1,376
372
851
1,223
391
1,002
1,393
350
1,563
1,913
-Percent
Full-time
Part-time
27.9%
72.1%
29.1%
70.9%
30.4%
69.6%
28.1%
71.9%
18.3%
81.7%
Staff and Administrators
Full-time
Part-time
Total
804
898
1,702
793
802
1,595
791
889
1,680
786
978
1,764
837
1,349
2,186
Percent
Full-time
Part-time
47.2%
52.8%
49.7%
50.3%
47.1%
52.9%
44.6%
55.4%
38.3%
61.7%
FfSE per Full-time Faculty
FfSE per Full-Time Staff Member
49.06
24.71
44.06
22.23
45.08
21.20
44.84
22.30
52.19
21.83
$26,310
$27,956
$27,418
$25,225
$18,369
Average Annual Faculty Salary
Note:
The College previously did not present this schedule and was unable to obtain reliable data for 2001.
67
2005
2004
2003
2002
313
1,274
1,587
290
1,984
2,274
288
1,984·
2,272
263
1,097
1,360
19.7%
80.3%
12.8%
87.2%
12.7%
87.3%
19.3%
80.7%
765
1,101
1,866
740
1,110
1,850
710
1,021
1,731
672
1,148
1,820
41.0%
59.0%
40.0%
60.0%
41.0%
59.0%
36.9%
63.1%
57.59
23.56
59.50
23.32
54.75
22.21
57.16
22.37
$20,649
$13,884
$13,710
$21,916
68
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
Statistical Supplement 15
Enrollment Details
Last Nine Fiscal Years
(unaudited)
Student Classification
00-30 hours
31-60 hours
>60 hours
Total
Fall 2009
Number
Percent
16,128
57.26%
8,690
30.85%
3,350
11.89%
100.00%
28,168
Semester Hour Load
Number
Lessthan3~
3-5 semester hours
6-8 Semester hours
9-11 semester hours
12-14 semester hours
15-17 semester hours
18 & over
Total
Average course load
Tuition Status
Texas Resident
Non-Resident
Total
Fall 2009
Percent
0.70%
198
5,275
18.73%
6,848
24.31%
4,904
17.41%
8,371
29.72%
1,611
5.72%
3.41%
961
100.00%
28,168
9.0
Fall 2009
Percent
Number
26,626
94.53%
5.47%
1,542
100.00%
28,168
Fall 2008
Number
Percerit
14,383
55.70%
8,226
31.86%
3,214
12.45%
25,823
100.00%
Fall 2008
Percent
230
0.89'\'0
4,828
18.70%
6,418
24.85%
4,530
17.54%
7,342
28.43%
6.12%
1,580
3.47%
895
25,823
100.00%
Number
Fall 2007
Number
Percent
13,186
52.70%
8,496
33.95%
3,341
13.35%
25,023
100.00%
Fall 2007
Percent
120
0.48%
4,561
18.23%
6,463
25.83%
4,321
17.27%
7,169
28.65%
1,509
6.03%
880
3.52%
25,023
100.00%
Number
Fall 2006
Number
Percent
14,070
53.90%
8,653
33.15%
3,382
12.96%
26,105
100.00%
Fall 2006
Percent
108
0.41%
5,074
19.44%
24.70%
6,448
4,448
17.04%
7,510
28.77%
1,561
5.98%
956
3.66%
26,105
100.00%
Number
8.9
8.9
8.6
Fall 2008
Number
Percent
95.10%
24,558
4.90%
1,265
25,823
100.00%
Fall 2007
Percent
Number
23,818
95.18%
1,205
4.82%
25,023
100.00%
Fall 2006
Number
Percent
24,977
95.68%
1,128
4.32%
26,105
100.00%
Note:
The College previously did not present this schedule and was unable to obtain reliable data for 2001.
69
Fall 2005
Number
Percent
14,619
54.82%
8,749
32.81%
3,299
12.37%
26,667
100.00%
Fall 2004
Number
Percent
14,924
57.23%
30.26%
7,891
3,263
12.51%
26,078
100.00%
Fall 2003
Number
Percent
14,985
60.99'\'0
6,401
26.05%
3,183
12.96%
24,569
100.00%
Fall 2002
Number
Percent
12,234
57.40%
6,071
28.48%
3,009
14.12%
21,314
100.00%
Fall 2001
Number
Percent
9,989
49.79%
5,991
29.86%
4,083
20.35%
20,063
100.00%
Fall 2005
Number
Percent
133
0.50%
4,575
17.16%
6,388
23.95%
4,813
18.05%
8,081
30.30%
1,623
6.09%
1,054
3.95%
26,667
100.00%
Fall 2004
Number
Percent
109
0.42%
4,401
16.88%
6,065
23.26%
4,714
18.08%
8,159
31.28%
1,581
6.06%
1,049
4.02%
26,078
100.00%
Fall 2003
Number
Percent
108
0.44%
4,272
17.39%
5,600
22.79%
3,984
16.22%
8,120
33.04%
1,444
5.88%
4.24%
1,041
24,569
100.00%
Fall 2002
Percent
Number
0.40%
86
3,452
16.20%
4,826
22.64%
3,538
16.60%
7,241
33.98%
1,314
6.16%
857
4.02%
21,314
100.00%
Fall 2001
Number
Percent
69
0.34%
3,392
16.91%
4,506
22.46%
3,489
17.39%
6,469
32.24%
1,247
6.22%
891
4.44%
20,063
100.00%
9.8
Fall 2005
Number
Percent
25,119
94.20%
5.80%
1,548
100.00%
26,667
9.9
Fall 2004
Percent
Number
24,574
94.23%
1,504
5.77%
26,078
100.00%
10.0
10.1
Fall 2003
Number
Percent
23,033
93.75%
1,536
6.25%
24,569
100.00%
70
Fall 2002
Percent
Number
19,890
93.32%
6.68°1.,
1,424
21,314
100.00%
10.0
Fall 2001
Number
Percent
18,355
91.49%
1,708
8.51%
20,063
100.00%
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
Statistical Supplement 16
Student Profile
Last Nine Fiscal Years
(unaudited)
Gender
Female
Male
Total
Fall 2009
Number Percent
16,325
57.96%
11,843
42.04%
28,168
100.00%
Fall 2008
Number Percent
15,371
59.52%
10,452
40.48%
25,823
100.00%
Fall 2007
Number Percent
15,141
60.51%
9,882
39.49%
25,023
100.00%
Fall 2006
Number Percent
15,813
60.57%
10,292
39.43%
26,105
100.00%
Ethnic orighi
White
Hispanic
Mrican American
Asian
Native American
Other
Total
Fall 2009
Number Percent
2,167
7.69%
24,196
85.90%
645
2.29%
0.91%
257
88
0.31%
815
2.89%
28,168
100.00%
Fall 2008
Number Percent
2,094
8.11%
22,095
85.56%
544
2.11%
222
0.86%
66
0.26%
802
3.11%
25,823
100.00%
Fall 2007
Number Percent
2,028
8.10%
21,383
85.45%
555
2.22%
0.91%
227
0.26%
65
765
3.06%
25,023
100.00%
Fall 2006
Number Percent
2,212
8.47%
22,246
85.22%
565
2.16%
222
0.85%
66
0.25%
794
3.04%
26,105
100.00%
Age
Under 18
18-21
22-24
25- 35
36-50
51 & over
Total
Fall 2009
Number Percent
2,433
8.64%
12,506
44.40%
4,280
15.19%
5,530
19.63%
2,778
9.86%
641
2.28%
28,168
100.00%
Fall 2008
Number Percent
2,030
7.86%
11,478
44.45%
4,028
15.60%
5,148
19.94%
2,594
10.05%
545
2.11%
25,823
100.00%
Fall 2007
Number Percent
690
2.76%
11,289
45.11%
4,223
16.88%
5,370
21.46%
2,906
11.61%
545
2.18%
25,023
100.00%
Fall 2006
Number Percent
1,106
4.24%
11,259
43.13%
4,229
16.20%
5,765
22.08%
3,167
12.13%
579
2.22%
26,105
100.00%
Average Age
24.5
24.6
25.3
Note:
The College previously did not present this schedule and was unable to obtain reliable data for 2001.
71
25.5
Fall 2005
Number
Percent
16,300
61.12%
10,367
38.88%
26,667
100.00%
Fall 2004
Number Percent
16,064
61.60%
10,014
38.40%
26,078
100.00%
Fall 2003
Number Percent
15,218
61.94%
9,351
38.06%
24,569
100.00%
Fall 2002
Number Percent
13,166
61.77%
8,148
38.23%
21,314
100.00%
Fall 2001
Number Percent
12,304
61.33%
7,759
38.67%
20,063
100.00%
Fall 2005
·Percenf
Nitmoer
2,253
8.45%
22,690
85.09%
670
2.51%
230
0.86%
67
0.25%
757
2.84%
26,667
100.00%
Fall 2004
Numoer Percent
2,285
8.76%
22,246
85.30%
591
2.27%
216
0.83%
73
0.28%
667
2.56%
26,078
100.00%
Fall 2003
Numoer· Percent
2,368
9.64%
20,744
84.43%
628
2.56%
205
0.83%
94
0.38%
530
2.16%
24,569
100.00%
Fall 2002
Number Percent·
2,003
9.40%
18,119
85.01%
501
2.35%
183
0.86%
85
0.40%
423
1.98%
21,314
100.00%
Fall 2001
Number Percent
1,977
9.85%
17,019
84.83%
492
2.45%
158
0.79%
118
0.59%
299
1.49%
20,063
100.00%
Fal12005
Number
Percent
701
2.63%
11,242
42.17%
4,457
16.71%
6,244
23.41%
3,428
12.85%
595
2.23%
26,667
100.00%
Fall 2004
Number Percent
878
3.37%
10,558
40.49%
4,374
16.77%
6,150
23.58%
3,485
13.36%
633
2.43%
26,078
100.00%
Fall 2003
Number Percent
959
3.90%
9,413
38.32%
4,004
16.30%
6,040
24.58%
3,528
14.36%
625
2.54%
24,569
100.00%
Fal12002
Number Percent
582
2.73%
8,021
37.63%
3,394
15.92%
5,520
25.90%
3,235
15.18%
562
2.64%
100.00(Yo
21,314
Fall 2001
Number Percent
260
1.30%
7,651
38.13%
3,298
16.44%
5,321
26.52%
3,016
15.03%
517
2.58%
20,063
100.00%
25.9
26.1
26.4
26.8
72
26.8
EL PASO COUNTY COMMUNITY COLLEGE DISTRIC
Statistical Supplement 17
Transfers to Senior Instimtions
(Includes only public senior colleges in Texas)
10
11
12
13
14
15
16
"n
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
Angelo State University
Larmar University
Midwestern State University
Prairie View A&M University
Sam Houston State University
Stephan F. Austin State University
Sut Ross State University
Tarleton State University
Texas A&M Intt!mational University
Texas A&M University - College Station
Texas A&M University - Commerce
Texas A&M University - Corpus Christi
Texas A&M University - Galveston
Texas A&M University .. Kingsville
Texas A&M Universtty .. San AntoDio
Texas A&M University .. Texarkana
Texas_A&M University .. Health Science Center
Texas Southern University
Texas State University
Texas Tech University
Texas Tech University .. Health Science Center
Texas Women's University
University of Houston
University of Houston .. Downlown
University of Houston .. Clear Lake
University of Houston .. Vicloria
University of North Texas
University of North Texas Health Science Center- Ft Worth
University of Texas .. Arlington
University of Texas .. Austin
University of Texas .. Brownsville
University of Texas .. Dallas
University of Texas .. El Paso
University of Texas .. Pan American
University of Texas .. Permian Basin
University of Texas .. San Antonio
University of Texas .. Tyler
University of Texas Health Science Center .. Houston
University of Texas Health Science Center .. San Anlonio
University of Texas Medical Branch .. Galveston
University of Texas Southweslem Medical Center .. Dallas
West Texas A&M University
Totals
2007 Fall Smdenls as of Fall 2009
Transfer
Transfer Transfer Total of
Student
Student
Count
Count
%of
Student all Sample allSampJe
Transfer
Transfer
Academic Technical Tech·Peep Students
Students
Courit
0.16('/0
0.00%
0.07%
2
1
3
0.02%
0.07%
0.00%
30
3
32
3
0
35
35
2
1
0
1
1
0
2
40
106
14
39
101
14
4
7
1
18
10
130
11
133
50
102
12
40
4,118
0.07%
0.00%
0.82%
0.02.%
0.05%
0.02%
0.05°10
0.02%
0.00%
0.02%
0.05%
0.93%
2.47%
0.33%
0.09%
0.19%
1
18
3,623
0.75%
3,775
12
41
59
110
4,287
0.02%
0.05%
0.02%
0.42%
0.00%
0.26%
3.10%
0.000/0
0.16%
88.06%
0.1911/0
0.28%
0.96%
0.02%
0.00%
0.05%
0.07%
0.00%
0.14%
100.00%
Note:
TIle College previously dJd not presenillus schedule and was unable 10 obtain reUable data from 2000 through 2003.
73
2005 Fall Students as of Fall 2007
2004 Fall Students as of Fall 2006
2003 Fall Students as of Fall 2005
2002 Fall Students as of Fall 2004
Transfer Transfer Transfer Total of
%of
Sroden! Student Sroden! all Sample all Sample
Count
Count
Count Transfer Transfer
Academic Technical Tech-Prep Students Students
Transfer Transfer Transfer Total of
%of
Student Student Student all Sample all Sample
Count
Count
Count Transfer Transfer
Academic Technical Tech-Prep Students Students
Transfer Transfer Transfer Total of
%of
Student Student Student all Sample aU Sample
Count
Count
Count
Transfer Transfer
Academic Technical Tech·Prep Students Students
% of
Transfer Transfer Transfer Total of
Student Student Student all Sample all Sample
Count
Count Transfer Transfer
Count
Academic Technical Tech-Prep Students Students
0.22%
0.25%
0.23%
0.04%
0.04%
O.OW'Io
0.13%
0.00%
0.'7'7%
0.00%
0.02%
0.00%
0.08'1/0
0.04%
0.00%
0.00%
0.S1%
0.00"/11
0.00"/0
1.40%
0.00%
0.04%
0.21%
0.08%
0.0011/0
0.00%
0.05%
0.00%
0.00%
10
0
6
34
35
38
38
1
7
O.64 u/o
0.02%
0.15%
0.04%
0.04%
17
19
33
33
0.00%
O.IJ{)%~
49
88
49
95
12
1
21
12
21
143
3,745
75
178
11
11
145
1
0
3,998
44
11
51
1
0
0
4,251
83
194
4,528
0.11%
1.08%
2.10%
0.09%
0.02%
0.04%
0.27%
0.02%
0.46%
0.00%
0.24%
3.20%
0.02%
0.00%
88.30%
0.09%
0.24%
1.13%
0.00"/.
0.02%
0.02%
0.02%
0.00%
0.18%
100.00"/.
0
26
57
26
57
16
16
81
81
1
1,911
1
1
31
2,213
36
98
2,045
34
39
105
2,357
1
0
0.00%
0.00%
0.00"/.
1.10%
2.42%
0.04%
0.04%
21
23
26
27
1.05%1
0.05%
0.00%
1.24%
0.00%
0.18%
0.05%
0.00%
~
20
52
20
52
0.30%
0.04%
0.00%
0.68%
0.04%
0.21%
3.44%
0.00%
0.08%
86.'76%
0.04%
0.04%
1.44%
0.00%
0.00%
0.13%
0.00"/.
0.00"/.
0.25%
1
0
81
100.00"/.
74
1,762
3
1
23
37
2,039
41
101
84
1
6
1,900
3
23
106
2,186
0.00%
0.00"/.
0.09%
0.91%
2.38%
0.14%
0.2'7%
0.14%
0.05%
0.00%
0.3211/0
0.00%
0.23%
3.64%
0.05%
0.27%
86.92%
0.14%
0.05%
1.05%
0.09%
0.00%
0.14%
0.00%
0.05%
0.05%
100.00%
0.23%
0.00%
0.00%
0.05%
21
23
26
27
2
20
52
3
20
52
81
1,762
84
37
101
1,900
3
1
23
41
106
2,186
23
2,039
0.00"/0
0.00%
1.05%
0.05%
0.00%
1.24%
0.00%
0.18%
0.05%
0.00%
0.00%
0.00"/.
0.09%
0.91%
2.38%
0.14%
0.27%
0.05%
0.14%
0.00%
0.32%
0.00"/.
0.23%
3.84%
0.05%
0.27%
86.92%
0.14%
0.05%
1.05%
0.09%
0.00"/.
0.14%
0.00"/.
0.05%
0.05%
100.00%
EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
Statistical Supplement 18
Capital Asset Information
Fiscal Years 2002 to 2010
(unaudited)
Fiscal Year
2009
2010
Academic buildings
Square footage
Libraries
Square footage
Number of Volumes (in thousands)
Administrative and support buildings
Square footage
Athletic Facilities
Square footage
Baseball and softball fields
Gymnasiums
Tennis Court
Plant facilities
Square footage
Transportation
Cars
Light TrucksfVans
Buses
23
899,857 .
5
88,501
176,955
7
584,627
7
296,906
204,059
33,807
59,040
6
19,609
60
84
2
2008
2007
23
893,069
5
58,704
173,437
7
378,494
7
295,800
204,059
32,701
59,040
6
19,609
21
862,709
5
58,704
169,963
7
378,494
7
295,800
204,059
32,701
59,040
6
19,609
21
828,218
5
58,704
167,941
7
378,494
7
295,800
204,059
32,701
59,040
6
19,609
60
84
3
63
88
3
51
83
3
Note:
The College previously did not present this schedule and was unable to obtain reliable data for 2001.
75
2005
2006
2004
2003
2002
21
796,051
21
796,051
21
777,367
21
727,440
21
693,316
5
58,704
161,719
5
58,704
155,014
7
378,494
7
295,800
204,059
32,701
59,040
6
19,609
5
58,704
148,111
7
428,946
7
295,800
205,059
32,701
59,040
6
19,609
5
48,138
142,949
7
384,624
7
295,800
205,059
32,701
59,040
6
41,172
5
48,138
165,045
7
325,113
7
295,800
205,059
32,701
59,040
6
41,172
45
70
3
40
66
3
40
59
3
37
59
3
·7·
378,497
7
295,800
204,059
32,701
59,040
6
19,609
49
82
3
76