Mott Community College
General Fund
Balance Sheet
October 31, 2005
With Comparative Figures at October 31, 2004
As of
October 31
2005
Assets
Current Assets
Cash and cash equivalents
Short term investments
Due from other funds
Accounts receivable
Less allowance for uncollectible accounts
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
October 31
2004
$
Change
$
4,262,841 $
9,739,109
1,988,189
1,540,783
(1,671,972)
57,851
208,245
3,307,713 $
4,600,863
5,158,513
3,739,294
(2,398,124)
46,554
401,324
$
16,125,046
$
14,856,137
$
1,268,909
$
1,604,064
2,423,069
8,295
$
238,970
2,996,936
6,185
$
1,365,094
(573,867)
2,110
571.2%
-19.1%
34.1%
Total Current Liabilities
955,128
5,138,246
(3,170,324)
(2,198,511)
(726,152)
11,297
(193,079)
%
Change
28.9%
111.7%
-61.5%
-58.8%
-30.3%
24.3%
-48.1%
8.5%
4,035,428
3,242,091
793,337
24.5%
3,762,577
3,913,704
(151,127)
-3.9%
7,798,005
7,155,795
642,210
9.0%
Net Assets
Unrestricted
8,327,041
7,700,342
8.1%
Total Net Assets
8,327,041
7,700,342
626,699
626,699
1,268,909
8.5%
Accrued termination pay
Total Liabilities
Total Liabilities and Net Assets
$
16,125,046
$
14,856,137
$
-1-
8.1%
Mott Community College
General Fund
Statement of Revenues, Expenditures and Changes in Net Assets
For the 3 Months Ended October 31, 2005
With Comparative Figures at October 31, 2004
Current Year - FY 2005/06
Actual as
Actual Year-to% of
Annual Budget
Date
Budget
Prior Year - FY 2004/05
Actual as
Actual Year-to- % of
Date
Annual Budget
Budget
$ 23,262,526
Revenues:
Tuition and fees
$
10,381,224
44.6%
$ 21,437,996
$
9,787,975
45.7%
Property taxes
21,735,087
9,355,902
43.0%
20,596,319
8,718,649
42.3%
State appropriations
14,319,543
1,401,486
9.8%
15,009,043
1,864,133
12.4%
643,750
71,551
11.1%
625,000
182,811
29.2%
1,887,871
514,811
27.3%
1,822,189
293,243
16.1%
61,848,777
21,724,974
35.1%
59,490,547
20,846,811
35.0%
Salaries and wages
33,422,547
10,598,203
31.7%
33,060,022
10,394,982
31.4%
Fringe benefits
Ballenger trust
Grants and other
Total revenues
Expenditures:
13,975,580
3,948,281
28.3%
12,334,174
3,714,126
30.1%
Contracted services
4,290,211
1,185,952
27.6%
4,248,509
1,158,447
27.3%
Materials and supplies
1,729,760
509,219
29.4%
1,743,158
593,280
34.0%
257,912
38,229
14.8%
277,697
34,837
12.5%
Utilities and insurance
Facilities rent
2,512,340
721,383
28.7%
2,229,652
731,341
32.8%
Operations/communications
3,529,814
728,247
20.6%
3,116,388
699,078
22.4%
Transfers
1,619,760
257,571
15.9%
2,210,112
2,000
0.1%
68,636
2,907
4.2%
62,456
2,718
4.4%
341,750
-
0.0%
336,696
-
0.0%
29.1%
59,618,864
Capital outlay
Bond retirements
Total expenditures
Net increase/(decrease) in net assets
Net Assets
Net Assets - Beginning of Year
Net Assets - YTD
61,748,310
17,989,992
100,467
3,734,982
4,592,059
4,692,526
4,592,059
8,327,041
(128,317)
4,184,340
4,056,023
17,330,809
3,516,002
4,184,340
7,700,342
-2-
29.1%
Mott Community College
Comparative Details of General Fund Expenses
Month Ended October 31, 2005 and 2004
2006
510 Instruction
Fringe
Benefits
Salaries
$
Services
$
$
1,085
-
-
4,016
-
540 Instructional support
1,136,053
545,805
83,708
30,973
32,048
58,194
81,302
2,467
1,970,550
550 Student services
1,192,838
445,838
56,041
47,282
500
-
78,618
-
1,821,117
560 Institutional administration
1,066,165
712,634
185,412
25,714
3,033
570 Physical plant operations
1,018,123
478,239
258,592
248,999
271,906
131,825
470,332
15,344
$ 10,598,203
$ 3,948,281
$ 1,185,952
Salaries
Fringe
Benefits
Services
510
Instruction
530
Public service
540
38,229
Materials and
Supplies
Facilities Rent
$
$
9,706
425
40
Instructional support
1,249,021
522,194
84,032
47,199
32,675
550
Student services
1,105,226
382,735
44,144
49,024
100
560
Institutional administration
977,213
661,543
236,022
57,486
-
570
Physical plant operations
1,073,269
451,795
311,606
248,244
520
Technology
260,796
118,236
337,813
53,922
$ 10,394,982
$ 3,714,126
$ 1,158,447
$
593,280
$
34,837
$
$
$
$
(84,061)
$
3,392
$
-3-
2,022
$
40,999
$
440
$
7,804,746
63,189
204,847
482,575
2,680,380
458,342
715
2,463,010
721,383
40,022
$
Utilities and
Insurance
8,201
27,505
136,980
$
31,559
234,155
135,124
$
$ 1,569,422
203,221
$
$
-
5,697,898
Increase (Decrease) over prior year
$
-
Total
1,311
2005
$
Capital Outlay
11,019
509,219
2,648
Other
Expenses
45,758
$
139,822
Utilities and
Insurance
$ 1,622,921
520 Technology
130,556
Facilities Rent
5,867,360
530 Public service
$
Materials and
Supplies
600
728,247
Other
Expenses
$
36,291
$
2,907
929,429
$ 17,732,421
Capital Outlay
$
2,234
Total
$
-
7,580,571
-
2,727
52,658
29,404
87,123
484
2,052,132
-
77,025
-
1,658,254
174,604
415,060
2,521,928
526,733
4,228
2,615,875
731,341
(9,958)
76,624
-
$
699,078
$
2,718
$
29,169
$
189
847,391
$ 17,328,809
$
403,612