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FISCAL YEAR 2013/14 BUDGET UPDATE AS OF 4/30/2014

FISCAL YEAR 2013/14 BUDGET UPDATE AS OF 4/30/2014. BUDGET UPDATE 4/30/2014. Actual Budget % Revenue $ 34.0 million $36.1 million 94.2% Expense $ 29.5 m $36.1m 81.7% Surplus $ 4.5 m. BUDGET UPDATE 4/30/2014.

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FISCAL YEAR 2013/14 BUDGET UPDATE AS OF 4/30/2014

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  1. FISCAL YEAR 2013/14 BUDGET UPDATE AS OF 4/30/2014

  2. BUDGET UPDATE 4/30/2014 ActualBudget % Revenue $ 34.0 million $36.1 million 94.2% Expense $ 29.5 m $36.1m 81.7% Surplus $ 4.5 m

  3. BUDGET UPDATE 4/30/2014 2012-13 2013-14 Diff Revenue $26.8 million $34.0 million $7.2 million Expense $26.1 m $29.5 m $3.4 m Cash $8.9 m $14.5 m $5.6 m Reserve $9.5 m $14.1 m $4.6m Apport. $5.2 m $5.6 m $0.4 m EPA Funds $ -0- $3.9 m $3.9 m

  4. BUDGET UPDATE 4/30/2014 4/30/14 4/30/13 Diff. Academic Salaries 11,458,285 10,266,311 1,191,974 Classified Salaries 6,404,301 5,762,560 641,741 Benefits 6,477,567 5,732,761 744,806Supplies & Materials 405,913 329,94275,971 Other Costs 3,821,590 3,898,880 77,290 Capital Outlay 107,816 111,239 3,423 Total $28,675,472 $26,101,693 $2,573,779 Ratio increase over prior year – 9.9%

  5. BUDGET UPDATE 4/30/14 50% Rule Calculation as of: 4/30/2014 50.10% $24,140 Over 50% 3/31/2014 49.64% $77,127 Short of 50% 2/28/2014 48.99% $191,889 Short of 50% Plan of Action – Vice-Presidents will reduce non-instructional related expenditures over the remainder of the fiscal year.

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