Mott Community College
General Fund
Balance Sheet
April 30, 2007
With Comparative Figures at April 30, 2006
As of
April 30,
2007
Assets
Current Assets
Cash and cash equivalents
Short term investments
Due from (to) other funds
Accounts receivable - net of allowance
for uncollectible accounts ($2,216,651
for 2007 and $1,671,972 for 2006)
Inventories
Prepaid expenses and other assets
Total Assets
Liabilities and Net Assets
Current Liabilities
Accounts payable
Accrued payroll and related liabilities
Deposits held for others
$
As of
April 30,
2006
1,833,708 $
16,109,826
1,299,757
1,641,647
92,633
161,146
$
$
Total Current Liabilities
2,188,717 $
12,598,884
2,072,713
1,237,574
57,907
256,651
21,138,717 $
404,646
1,497,601
11,710
$
Change
$
18,412,446 $
161,659
1,382,360
9,465
$
%
Change
(355,009)
3,510,942
(772,956)
-16.2%
27.9%
-37.3%
404,073
34,726
(95,505)
-32.7%
60.0%
-37.2%
2,726,271
14.8%
242,987
115,241
2,245
150.3%
8.3%
23.7%
2,511,945
1,768,999
742,946
42.0%
2,646,880
2,541,345
105,535
4.2%
5,158,825
4,310,344
848,481
19.7%
Net Assets
Unrestricted
15,979,892
14,102,102
13.3%
Total Net Assets
15,979,892
14,102,102
1,877,790
1,877,790
21,138,717 $
18,412,446 $
2,726,271
14.8%
Accrued termination pay
Total Liabilities
Total Liabilities and Net Assets
$
13.3%
Mott Community College
General Fund
Statement of Revenues, Expenditures and Changes in Net Asset
For the 10 Months Ended April 30, 2007
With Comparative Figures at April 30, 2006
Current Year - FY 2006/07
Amended
Budget
Actual Year-toDate
Prior Year - FY 2005/06
Actual as
% of
Budget
Annual Budget
Actual Year-toDate
Actual as
% of
Budget
Revenues:
Tuition and fees
23,550,978 $
22,979,008
97.6%
$ 23,466,037 $
22,234,646
94.8%
Property taxes
23,319,152
21,328,245
91.5%
22,192,759
20,536,432
92.5%
State appropriations
14,571,386
9,351,208
64.2%
14,429,785
9,264,186
64.2%
Ballenger trust
1,692,360
1,410,300
83.3%
965,000
742,330
76.9%
Grants and other
2,216,862
1,808,628
81.6%
1,820,006
1,697,324
93.3%
65,350,738
56,877,389
87.0%
62,873,587
54,474,918
86.6%
Salaries and wages
35,822,134
27,592,954
77.0%
34,221,434
26,581,406
77.7%
Fringe benefits
14,825,563
11,120,371
75.0%
14,147,154
10,682,066
75.5%
Contracted services
3,775,070
2,549,717
67.5%
4,701,993
2,703,754
57.5%
Materials and supplies
1,696,169
1,221,303
72.0%
1,722,940
1,295,896
75.2%
158,885
150,588
94.8%
117,912
99,659
84.5%
Utilities and insurance
3,004,093
2,006,994
66.8%
2,690,340
2,183,245
81.2%
Operations/communications
3,761,153
1,819,070
48.4%
3,238,068
1,759,454
54.3%
Transfers
2,095,723
452,010
21.6%
1,306,758
645,017
49.4%
123,045
35,291
28.7%
235,165
179,006
76.1%
-
0.0%
341,750
8,375
2.5%
71.9%
62,723,514
46,137,878
73.6%
Total revenues
$
Expenditures:
Facilities rent
Capital outlay
Bond retirements
Total expenditures
Net increase/(decrease) in net
assets
Net Assets
Net Assets - Beginning of Year
Net Assets - YTD
65,261,835
46,948,298
88,903
9,929,091
150,073
8,337,040
6,050,801
6,139,704
6,050,801
15,979,892
4,206,490
4,356,563
5,765,062
14,102,102