Mott Community College
General Fund
Balance Sheet
September 30, 2005
With Comparative Figures at September 30, 2004
As of
September 30,
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
September 30,
2004
$
Change
$
5,753,032 $
7,241,439
1,997,069
2,767,861
(1,671,972)
57,551
248,660
8,550,690 $
3,875,918
1,899,457
3,854,477
(2,398,124)
34,633
394,705
$
16,393,640
$
16,211,756
$
181,884
1.1%
$
1,316,770
3,551,746
8,435
$
922,564
3,384,596
6,135
$
394,206
167,150
2,300
42.7%
4.9%
37.5%
Total Current Liabilities
(2,797,658)
3,365,521
97,612
(1,086,616)
726,152
22,918
(146,045)
%
Change
-32.7%
86.8%
5.1%
-28.2%
30.3%
66.2%
-37.0%
4,876,951
4,313,295
563,656
13.1%
3,762,578
3,924,321
(161,743)
-4.1%
8,639,529
8,237,616
401,913
4.9%
Net Assets
Unrestricted
7,754,111
7,974,140
-2.8%
Total Net Assets
7,754,111
7,974,140
(220,029)
(220,029)
181,884
1.1%
Accrued termination pay
Total Liabilities
Total Liabilities and Net Assets
$
16,393,640
$
16,211,756
$
-1-
-2.8%
Mott Community College
General Fund
Statement of Revenues, Expenditures and Changes in Net Assets
For the 3 Months Ended September 30, 2005
With Comparative Figures at September 30, 2004
Current Year - FY 2005/06
Actual as
% of
Actual Year-toBudget
Annual Budget
Date
Prior Year - FY 2004/05
Actual as
% of
Actual Year-toBudget
Annual Budget
Date
Revenues:
$ 23,262,526 $
10,246,610
44.0%
$ 21,437,996 $
9,396,937
43.8%
Property taxes
Tuition and fees
21,735,087
6,794,966
31.3%
20,596,319
6,303,192
30.6%
State appropriations
14,319,543
110,086
0.8%
15,009,043
109,641
0.7%
Ballenger trust
0.0%
625,000
1,887,871
301,115
15.9%
1,822,189
180,462
9.9%
61,848,777
17,452,777
28.2%
59,490,547
15,990,232
26.9%
1.3%
Salaries and wages
33,422,547
8,657,488
25.9%
33,060,022
7,475,956
22.6%
Fringe benefits
Grants and other
Total revenues
643,750
-
-
0.0%
Expenditures:
13,975,580
2,896,694
20.7%
12,334,174
2,394,895
19.4%
Contracted services
4,290,211
914,264
21.3%
4,248,509
757,130
17.8%
Materials and supplies
1,729,760
382,315
22.1%
1,743,158
392,079
22.5%
257,912
30,916
12.0%
277,697
34,737
12.5%
Facilities rent
Utilities and insurance
2,512,340
531,417
21.2%
2,229,652
596,043
26.7%
Operations/communications
3,529,814
617,201
17.5%
3,116,388
546,881
17.5%
Transfers
1,619,760
257,571
15.9%
2,210,112
68,636
2,859
4.2%
341,750
-
0.0%
23.1%
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
14,290,725
100,467
3,162,052
4,592,059
4,692,526
4,592,059
7,754,111
-
0.0%
62,456
2,711
4.3%
336,696
-
0.0%
(128,317)
4,184,340
4,056,023
12,200,432
3,789,800
4,184,340
7,974,140
-2-
20.5%
2.6%
Mott Community College
Comparative Details of General Fund Expenses
Month Ended September 30, 2005 and 2004
2006
Instruction
Fringe
Benefits
Salaries
$
Services
$
$
$ 1,089,824
34,009
8,703
958
794
Instructional support
851,630
433,006
51,448
Student services
962,796
355,915
Institutional administration
803,069
Physical plant operations
Technology
$
2005
Instruction
Public service
91,549
2,648
-
$
28,704
Capital Outlay
$
392
Total
$
6,297,034
1,740
-
20,173
25,008
25,896
48,396
2,467
1,458,024
38,139
30,078
500
-
35,916
-
1,423,344
546,577
102,999
30,735
2,760
803,524
363,555
190,376
207,761
205,914
99,114
442,973
1,225
8,657,488
$ 2,896,694
4,373,236
$
Fringe
Benefits
$
891,347
914,264
Services
$
80,995
$
382,315
$
30,916
Materials and
Supplies
Facilities Rent
$
$
100,333
2,022
8,445
372
40
Instructional support
817,355
385,088
55,260
27,637
Student services
778,622
277,881
21,920
Institutional administration
623,658
440,739
Physical plant operations
699,753
Technology
$
450,995
2,115,884
326,772
608
1,892,596
531,417
50,842
$
Utilities and
Insurance
$
46,204
178,749
-
5,518
Increase (Decrease) over prior year
$
Other
Expenses
-
18,227
$
Utilities and
Insurance
-
Salaries
$
87,371
Facilities Rent
4,996,546
Public service
$
Materials and
Supplies
450
617,201
Other
Expenses
$
32,967
$
2,859
800,068
$ 14,033,154
Capital Outlay
$
2,227
Total
$
-
1,691
32,675
26,168
59,442
484
1,404,109
31,438
-
-
61,897
-
1,171,758
152,881
30,355
-
313,101
176,495
174,246
165,105
81,221
261,134
27,698
7,475,956
$ 2,394,895
$
757,130
$
1,181,532
$
$
157,134
$
501,799
392,079
(9,764)
-3-
-
5,483,577
34,293
174,604
333,296
1,755,533
394,821
1,794
1,760,210
-
55,794
-
$
34,737
$
596,043
$
546,881
$
2,711
$
(3,821)
$
(64,626)
$
70,320
$
148
590,952
$ 12,200,432
$
1,832,722