Mott Community College
General Fund
Balance Sheet
August 31, 2005
With Comparative Figures at August 31, 2004
As of
August 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
August 31,
2004
$
Change
%
Change
$
4,566,847 $
4,659,879
4,732,423
3,389,911
(1,671,972)
57,551
250,076
5,170,114 $
3,864,859
4,581,460
3,480,128
(2,398,124)
24,281
400,640
(603,267)
795,020
150,963
(90,217)
726,152
33,270
(150,564)
$
15,984,715 $
15,123,358 $
861,357
5.7%
152,523
230,070
2,260
339.7%
20.9%
45.4%
$
Total Current Liabilities
197,420
1,330,611
7,235
$
44,897
1,100,541
4,975
$
-11.7%
20.6%
3.3%
-2.6%
30.3%
137.0%
-37.6%
1,535,266
1,150,413
384,853
33.5%
3,764,963
3,944,215
(179,252)
-4.5%
5,300,229
5,094,628
205,601
4.0%
Net Assets
Unrestricted
10,684,486
10,028,730
6.5%
Total Net Assets
10,684,486
10,028,730
655,756
655,756
15,984,715 $
15,123,358 $
861,357
5.7%
Accrued termination pay
Total Liabilities
Total Liabilities and Net Assets
$
-1-
6.5%
Mott Community College
General Fund
Statement of Revenues, Expenditures and Changes in Net Assets
For the 2 Months Ended August 31, 2005
With Comparative Figures at August 31, 2004
Current Year - FY 2005/06
Actual as
Actual Year-to- % of
Annual Budget
Date
Budget
Prior Year - FY 2004/05
Annual Budget
$ 23,262,526 $
9,584,224
41.2%
$ 21,437,996 $
8,647,565
40.3%
Property taxes
21,735,087
3,038,933
14.0%
20,596,319
3,027,888
14.7%
State appropriations
14,319,543
-
0.0%
15,009,043
-
0.0%
643,750
-
0.0%
625,000
-
0.0%
1,887,871
78,869
4.2%
1,822,189
58,514
3.2%
61,848,777
12,702,026
20.5%
59,490,547
11,733,967
19.7%
Salaries and wages
33,422,547
2,994,690
9.0%
33,060,022
3,007,195
9.1%
Fringe benefits
13,975,580
1,689,292
12.1%
12,334,174
1,527,792
12.4%
Contracted services
4,290,211
689,223
16.1%
4,248,509
400,735
9.4%
Materials and supplies
1,729,760
183,460
10.6%
1,743,158
205,161
11.8%
257,912
29,590
11.5%
277,697
20,215
7.3%
Utilities and insurance
2,512,340
398,335
15.9%
2,229,652
441,549
19.8%
Operations/communications
3,529,814
373,722
10.6%
3,116,388
285,846
9.2%
Transfers
1,619,760
257,571
15.9%
2,210,112
68,636
392
0.6%
-
Actual Year-to- Actual as %
Date
of Budget
Revenues:
Tuition and fees
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
341,750
61,748,310
6,616,275
100,467
6,085,751
4,598,735
4,699,202
4,598,735
10,684,486
-2-
-
0.0%
62,456
1,084
1.7%
0.0%
336,696
-
0.0%
10.7%
59,618,864
(128,317)
4,184,340
4,056,023
5,889,577
9.9%
5,844,390
(241,361)
4,184,340
10,028,730
Mott Community College
Comparative Details of General Fund Expense
Month Ended August 30, 2005 and 2004
Salaries
2006
510 Instruction
Fringe
Benefits
$
530 Public service
1,095,118
$
593,535
Services
$
47,157
16,820
4,881
790
540 Instructional support
442,605
213,394
30,020
550 Student services
486,807
204,901
11,996
560 Institutional administration
425,361
397,627
65,408
570 Physical plant operations
422,123
216,521
108,697
520 Technology
105,856
58,433
425,155
2,994,690
$ 1,689,292
$
510
Instruction
530
Public service
540
Fringe
Benefits
Salaries
2005
$
1,083,411
$
$
577,677
689,223
Services
$
35,154
11,854
3,624
3,274
Instructional support
503,774
198,334
30,386
550
Student services
469,711
172,458
11,099
560
Institutional administration
396,954
318,985
47,344
570
Physical plant operations
438,713
203,975
86,693
520
Technology
102,778
52,739
186,785
3,007,195
$ 1,527,792
$
400,735
$
$
288,488
$
Increase (Decrease) over prior year
(12,505)
-3-
161,500
Materials and
Supplies
Facilities Rent
$
$
56,338
734
2,648
Utilities and
Insurance
$
-
-
9,472
25,008
14,155
-
20,328
1,934
86,427
(3,994)
$
-
183,460
$
$
29,590
Facilities Rent
$
$
-
367
40
11,234
$
$
392
Total
$
1,817,723
-
23,537
25,579
26,038
-
772,116
-
4,641
722,500
178,692
292,802
1,382,152
194,064
460
1,028,292
398,335
26,934
$
Utilities and
Insurance
$
22,535
Capital
Outlay
312
-
Materials and
Supplies
56,964
Other
Expenses
300
373,722
$
Other
Expenses
$
473
392
612,384
$
Capital
Outlay
$
600
6,358,704
Total
$
-
1,318
20,175
22,148
27,053
20,625
-
-
31,805
705,698
28,524
-
171,475
195,007
1,158,289
247,626
253
1,050,606
73,346
14,101
-
-
1,754,579
484
29,937
813,588
-
$
205,161
$
20,215
$
441,549
$
285,846
$
$
(21,701)
$
9,375
$
(43,214)
$
87,876
$
-4-
20,477
1,084
(692)
386,340
$
5,889,577
$
469,127