Mott Community College
General Fund
Balance Sheet
November 30, 2006
With Comparative Figures at November 30, 2005
As of
November 30,
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 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
$
$
Total Current Liabilities
As of
November 30,
2005
1,637,314 $
11,391,120
3,280,248
8,839,109
$
Change
$
%
Change
(1,642,934)
2,552,011
-50.1%
28.9%
2,518,172
2,983,699
(465,527)
-15.6%
1,884,913
92,633
107,343
1,233,126
57,851
226,734
651,787
34,782
(119,391)
-52.9%
60.1%
-52.7%
17,631,495 $
127,084
1,850,366
11,230
$
16,620,767 $
239,170
1,729,387
8,295
$
1,010,728
(112,086)
120,979
2,935
6.1%
-46.9%
7.0%
35.4%
1,988,680
1,976,852
11,828
0.6%
2,735,198
2,581,660
153,538
5.9%
4,723,878
4,558,512
165,366
3.6%
Net Assets
Unrestricted
12,907,617
12,062,255
7.0%
Total Net Assets
12,907,617
12,062,255
845,362
845,362
17,631,495 $
16,620,767 $
1,010,728
6.1%
Accrued termination pay
Total Liabilities
Total Liabilities and Net Assets
$
-1-
7.0%
Mott Community College
General Fund
Statement of Revenues, Expenditures and Changes in Net Assets
For the 5 Months Ended November 30, 2006
With Comparative Figures at November 30, 2005
Current Year - FY 2006/07
Annual 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
$
24,426,645
$
15,115,371
61.9%
$ 23,262,526
$
14,887,327
64.0%
Property taxes
23,441,152
10,044,523
42.8%
21,735,087
9,943,288
45.7%
State appropriations
14,571,386
2,720,526
18.7%
14,319,543
2,692,886
18.8%
750,000
705,150
94.0%
643,750
71,551
11.1%
2,158,482
829,793
38.4%
1,887,871
798,492
42.3%
65,347,665
29,415,364
45.0%
61,848,777
28,393,543
45.9%
Salaries and wages
35,231,544
12,983,948
36.9%
33,422,547
12,588,116
37.7%
Fringe benefits
Ballenger trust
Grants and other
Total revenues
Expenditures:
14,901,706
5,235,950
35.1%
13,975,580
5,039,179
36.1%
Contracted services
3,878,603
1,410,276
36.4%
4,290,211
1,408,218
32.8%
Materials and supplies
1,663,876
648,830
39.0%
1,729,760
682,043
39.4%
113,477
67,334
59.3%
257,912
39,651
15.4%
Utilities and insurance
Facilities rent
3,015,090
934,598
31.0%
2,512,340
850,896
33.9%
Operations/communications
4,030,016
994,289
24.7%
3,529,814
877,504
24.9%
Transfers
2,009,623
270,631
13.5%
1,619,760
522,721
32.3%
193,512
12,691
6.6%
68,636
88,023
128.2%
-
0.0%
341,750
-
34.7%
61,748,310
22,096,351
Capital outlay
Bond retirements
Total expenditures
Net increase/(decrease) in ne
assets
Net Assets
Net Assets - Beginning of Year
Net Assets - YTD
65,037,447
22,558,547
310,218
6,856,816
100,467
6,297,192
5,089,785
5,400,003
6,050,801
12,907,617
4,206,490
4,306,957
5,765,062
12,062,254
-2-
0.0%
35.8%