Mott Community College
General Fund
Balance Sheet
February 28, 2007
With Comparative Figures at February 28, 2006
As of
February 28,
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
$
$
Total Current Liabilities
As of
February 28,
2006
2,818,079 $
12,582,036
$
Change
%
Change
2,144,465 $
15,623,648
673,614
(3,041,612)
31.4%
-19.5%
5,241,062
511,179
4,729,883
925.3%
1,613,110
92,633
113,205
1,975,457
57,907
233,827
22,460,125 $
202,598
4,133,885
11,710
$
(362,347)
34,726
(120,622)
20,546,483 $
145,216
3,343,612
9,400
$
18.3%
60.0%
-51.6%
1,913,642
9.3%
57,382
790,273
2,310
39.5%
23.6%
24.6%
4,348,193
3,498,228
849,965
24.3%
2,646,880
2,547,295
99,585
3.9%
6,995,073
6,045,523
949,550
15.7%
Net Assets
Unrestricted
15,465,052
14,500,960
6.6%
Total Net Assets
15,465,052
14,500,960
964,092
964,092
22,460,125 $
20,546,483 $
1,913,642
9.3%
Accrued termination pay
Total Liabilities
Total Liabilities and Net Assets
$
6.6%
Mott Community College
General Fund
Statement of Revenues, Expenditures and Changes in Net Assets
For the 8 Months Ended February 28, 2007
With Comparative Figures at February 28, 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 $
20,758,900
88.1%
$ 23,466,037 $
20,095,198
85.6%
Property taxes
23,319,152
17,917,507
76.8%
22,192,759
17,102,146
77.1%
State appropriations
14,571,386
6,698,936
46.0%
14,429,785
6,681,386
46.3%
Ballenger trust
1,692,360
1,128,240
66.7%
965,000
497,636
51.6%
Grants and other
2,216,862
1,527,137
68.9%
1,820,006
1,393,187
76.5%
65,350,738
48,030,720
73.5%
62,873,587
45,769,553
72.8%
Salaries and wages
35,822,134
22,770,241
63.6%
34,221,434
21,683,949
63.4%
Fringe benefits
14,825,563
9,249,043
62.4%
14,147,154
8,185,228
57.9%
Contracted services
3,775,070
2,011,153
53.3%
4,701,993
2,219,807
47.2%
Materials and supplies
1,696,169
938,936
55.4%
1,722,940
1,042,662
60.5%
158,885
118,586
74.6%
117,912
69,101
58.6%
Utilities and insurance
3,004,093
1,462,353
48.7%
2,690,340
1,624,778
60.4%
Operations/communications
3,761,153
1,645,947
43.8%
3,238,068
1,396,002
43.1%
Transfers
2,095,723
393,361
18.8%
1,306,758
629,092
48.1%
123,045
26,849
21.8%
235,165
174,661
74.3%
-
0.0%
341,750
8,375
2.5%
59.2%
62,723,514
37,033,655
59.0%
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
38,616,469
88,903
9,414,251
150,073
8,735,898
6,050,801
6,139,704
6,050,801
15,465,052
4,206,490
4,356,563
5,765,062
14,500,960