Mott Community College
General Fund
Balance Sheet
December 31, 2006
With Comparative Figures at December 31, 2005
As of
December 31,
2006
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
$
2,157,105
8,489,132
5,553,307
As of
December 31,
2005
$
1,683,006
92,633
98,167
$
$
Total Current Liabilities
$
1,685,995
58,372
215,929
18,073,350 $
164,730
1,443,643
10,795
3,491,928
6,066,733
4,379,159
$
Change
$
15,898,116 $
37,464
1,229,571
8,310
$
%
Change
(1,334,823)
2,422,399
1,174,148
-38.2%
39.9%
26.8%
(2,989)
34,261
(117,762)
0.2%
58.7%
-54.5%
2,175,234
13.7%
127,266
214,072
2,485
339.7%
17.4%
29.9%
1,619,168
1,275,345
343,823
27.0%
2,712,866
2,569,061
143,805
5.6%
4,332,034
3,844,406
487,628
12.7%
Net Assets
Unrestricted
13,741,316
12,053,710
14.0%
Total Net Assets
13,741,316
12,053,710
1,687,606
1,687,606
18,073,350 $
15,898,116 $
2,175,234
13.7%
Accrued termination pay
Total Liabilities
Total Liabilities and Net Assets
$
14.0%
Mott Community College
General Fund
Statement of Revenues, Expenditures and Changes in Net Assets
For the 6 Months Ended December 31, 2006
With Comparative Figures at December 31, 2005
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
$
24,426,645
$
18,210,703
74.6%
$ 23,262,526
$
17,465,333
75.1%
Property taxes
23,441,152
10,378,963
44.3%
21,735,087
10,218,702
47.0%
State appropriations
14,571,386
4,046,663
27.8%
14,319,543
3,984,286
27.8%
750,000
846,180
112.8%
643,750
71,551
11.1%
2,158,482
1,135,226
52.6%
1,887,871
922,514
48.9%
65,347,665
34,617,735
53.0%
61,848,777
32,662,386
52.8%
Salaries and wages
35,231,544
15,427,307
43.8%
33,422,547
14,889,442
44.5%
Fringe benefits
14,901,706
6,465,010
43.4%
13,975,580
6,173,081
44.2%
Contracted services
3,878,603
1,573,715
40.6%
4,290,211
1,595,551
37.2%
Materials and supplies
1,663,876
737,101
44.3%
1,729,760
755,974
43.7%
113,477
98,231
86.6%
257,912
66,894
25.9%
Utilities and insurance
3,015,090
1,115,873
37.0%
2,512,340
1,122,394
44.7%
Operations/communications
4,030,016
1,149,604
28.5%
3,529,814
1,048,980
29.7%
Transfers
2,009,623
345,604
17.2%
1,619,760
561,960
34.7%
193,512
14,775
7.6%
68,636
151,337
220.5%
-
0.0%
341,750
8,125
2.4%
41.4%
61,748,310
26,373,738
42.7%
Ballenger trust
Grants and other
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
65,037,447
26,927,220
310,218
7,690,515
100,467
6,288,648
5,089,785
5,400,003
6,050,801
13,741,316
4,206,490
4,306,957
5,765,062
12,053,710