Mott Community College
General Fund
Balance Sheet
January 31, 2007
With Comparative Figures at January 31, 2006
As of
January 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
January 31,
2006
6,115,629 $
14,417,405
3,903,010
2,267,521
92,895
110,761
$
$
Total Current Liabilities
4,831,774 $
10,991,087
4,242,813
1,314,671
57,907
234,613
26,907,221 $
4,194,145
4,304,519
11,600
$
Change
$
21,672,865 $
160,417
3,926,323
9,140
$
%
Change
1,283,855
3,426,318
(339,803)
26.6%
31.2%
-8.0%
952,850
34,988
(123,852)
-72.5%
60.4%
-52.8%
5,234,356
24.2%
4,033,728
378,196
2,460
2514.5%
9.6%
26.9%
8,510,264
4,095,880
4,414,384
107.8%
2,670,969
2,547,295
123,674
4.9%
11,181,233
6,643,175
4,538,058
68.3%
Net Assets
Unrestricted
15,725,988
15,029,690
4.6%
Total Net Assets
15,725,988
15,029,690
696,298
696,298
26,907,221 $
21,672,865 $
5,234,356
24.2%
Accrued termination pay
Total Liabilities
Total Liabilities and Net Assets
$
4.6%
Mott Community College
General Fund
Statement of Revenues, Expenditures and Changes in Net Assets
For the 7 Months Ended January 31, 2007
With Comparative Figures at January 31, 2006
Current Year - FY 2006/07
Annual 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 $
20,655,434
87.7%
$ 23,466,037 $
19,943,204
85.0%
Property taxes
23,319,152
16,136,609
69.2%
22,192,759
15,440,434
69.6%
State appropriations
14,571,386
5,372,800
36.9%
14,429,785
5,389,986
37.4%
Ballenger trust
1,692,360
987,210
58.3%
965,000
497,636
51.6%
Grants and other
2,216,862
1,317,886
59.4%
1,820,006
1,141,181
62.7%
65,350,738
44,469,939
68.0%
62,873,587
42,412,441
67.5%
Salaries and wages
35,822,134
20,688,421
57.8%
34,221,434
19,694,328
57.5%
Fringe benefits
14,825,563
8,207,049
55.4%
14,147,154
7,126,170
50.4%
Contracted services
3,775,070
1,761,687
46.7%
4,701,993
1,948,950
41.4%
Materials and supplies
1,696,169
839,380
49.5%
1,722,940
892,668
51.8%
158,885
109,821
69.1%
117,912
68,274
57.9%
Utilities and insurance
3,004,093
1,315,465
43.8%
2,690,340
1,393,518
51.8%
Operations/communications
3,761,153
1,464,295
38.9%
3,238,068
1,219,322
37.7%
Transfers
2,095,723
391,914
18.7%
1,306,758
626,959
48.0%
123,045
16,720
13.6%
235,165
169,249
72.0%
-
0.0%
341,750
8,375
2.5%
53.3%
62,723,514
33,147,813
52.8%
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
34,794,752
88,903
9,675,187
150,073
9,264,628
6,050,801
6,139,704
6,050,801
15,725,988
4,206,490
4,356,563
5,765,062
15,029,690