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FISCAL YEAR 2013/14 BUDGET UPDATE AS OF 1/31/2014

FISCAL YEAR 2013/14 BUDGET UPDATE AS OF 1/31/2014. BUDGET UPDATE 1/31/2014. Actual Budget % Revenue $ 24.4 million $36.1 million 67.6% Expense $ 20.0 m $36.1m 55.4% Surplus $ 4.3 m. BUDGET UPDATE 1/31/2014.

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FISCAL YEAR 2013/14 BUDGET UPDATE AS OF 1/31/2014

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  1. FISCAL YEAR 2013/14 BUDGET UPDATE AS OF 1/31/2014

  2. BUDGET UPDATE 1/31/2014 ActualBudget % Revenue $ 24.4 million $36.1 million 67.6% Expense $ 20.0 m $36.1m 55.4% Surplus $ 4.3 m

  3. BUDGET UPDATE 1/31/2014 2012-13 2013-14 Diff Revenue $16.9 million $24.4 million $7.5 million Expense $18.3 m $20.0 m $1.7 m Cash $8.2 m $13.8 m $5.6 m Reserve $7.5 m $13.9 m $6.4 m Apport. $3.6 m $5.6 m $2.0 m EPA Funds $ -0- $2.7 m $2.7 m

  4. BUDGET UPDATE 1/31/2014 1/31/14 1/31/13 Diff. Academic Salaries 7,702,542 6,918,717 783,825 Classified Salaries 4,453,316 4,080,324 372,992 Benefits 4,511,744 3,958,771 552,973Supplies & Materials 273,827 246,47727,350 Other Costs 2,714,776 2,988,162 273,386 Capital Outlay 87,763 77,983 9,780 Total $19,743,968 $18,270,434 $1,473,534 Ratio increase over prior year – 7.8%

  5. BUDGET UPDATE 1/31/14 50% Rule Calculation as of January 31, 2014 Ratio at 48.87% Plan of Action – Vice-Presidents will reduce non-instructional related expenditures over the remainder of the fiscal year.

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