Mott Community College
General Fund
Balance Sheet
March 31, 2007
With Comparative Figures at March 31, 2006
As of
March 31,
2007
Assets
Current Assets
Cash and cash equivalents
Short term investments
$
Due from (to) other funds
Accounts receivable - net of allowance
for uncollectible accounts ($2,870,340
for 2006 and $1,671,972 for 2005)
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
March 31,
2006
2,115,035 $
18,729,675
1,702,603 $
15,655,854
(144,475)
(26,734)
1,137,700
92,633
139,522
$
$
Total Current Liabilities
$
Change
1,654,384
57,907
255,807
22,070,090 $
230,880
2,647,319
11,710
$
19,299,821 $
607,862
1,988,322
9,450
$
412,432
3,073,821
%
Change
24.2%
19.6%
(117,741)
440.4%
(516,684)
34,726
(116,285)
31.2%
60.0%
-45.5%
2,770,269
14.4%
(376,982)
658,997
2,260
-62.0%
33.1%
23.9%
2,977,737
2,605,634
372,103
14.3%
2,646,880
2,541,345
105,535
4.2%
5,624,617
5,146,979
477,638
9.3%
Net Assets
Unrestricted
16,445,473
14,152,842
16.2%
Total Net Assets
16,445,473
14,152,842
2,292,631
2,292,631
22,070,090 $
19,299,821 $
2,770,269
14.4%
Accrued termination pay
Total Liabilities
Total Liabilities and Net Assets
$
16.2%
Mott Community College
General Fund
Statement of Revenues, Expenditures and Changes in Net Assets
For the 8 Months Ended March 31, 2007
With Comparative Figures at March 31, 2006
Current Year - FY 2006/07
Amended
Budget
Prior Year - FY 2005/06
Actual as
Actual Year-to% of
Date
Budget
Annual Budget
Actual Year-toDate
Actual as
% of
Budget
Revenues:
Tuition and fees
$
23,550,978
$
21,757,609
92.4%
$ 23,466,037
$
20,309,277
86.5%
Property taxes
23,319,152
20,933,221
89.8%
22,192,759
20,359,388
91.7%
State appropriations
14,571,386
8,025,072
55.1%
14,429,785
7,972,786
55.3%
Ballenger trust
1,692,360
1,269,270
75.0%
965,000
497,636
51.6%
Grants and other
2,216,862
1,560,800
70.4%
1,820,006
1,509,902
83.0%
65,350,738
53,545,972
81.9%
62,873,587
50,648,989
80.6%
Salaries and wages
35,822,134
25,498,967
71.2%
34,221,434
24,632,281
72.0%
Fringe benefits
Total revenues
Expenditures:
14,825,563
9,995,563
67.4%
14,147,154
9,599,520
67.9%
Contracted services
3,775,070
2,294,056
60.8%
4,701,993
2,484,678
52.8%
Materials and supplies
1,696,169
1,078,330
63.6%
1,722,940
1,198,664
69.6%
158,885
141,367
89.0%
117,912
81,874
69.4%
Facilities rent
Utilities and insurance
3,004,093
1,784,904
59.4%
2,690,340
1,886,730
70.1%
Operations/communications
3,761,153
1,937,903
51.5%
3,238,068
1,547,590
47.8%
Transfers
2,095,723
393,361
18.8%
1,306,758
637,232
48.8%
123,045
26,849
21.8%
235,165
184,265
78.4%
-
0.0%
341,750
8,375
2.5%
66.1%
62,723,514
42,261,209
67.4%
Capital outlay
Bond retirements
Total expenditures
Net increase/(decrease) in ne
assets
Net Assets
Net Assets - Beginning of Year
Net Assets - YTD
65,261,835
43,151,300
88,903
10,394,672
150,073
8,387,780
6,050,801
6,139,704
6,050,801
16,445,473
4,206,490
4,356,563
5,765,062
14,152,842