GROWING LEADERS Opportunity. Engagement. Achievement. Presented by Tracey L. Richardson, Controller FISCAL YEAR BUDGET UPDATE AS OF 1/31/2015 Presented March 11, 2015

GROWING LEADERS Opportunity. Engagement. Achievement. BUDGET UPDATE 1/31/2015 ActualBudget%* Revenue$24.3 million$38.4 million63.3% Expense$21.7 m$39.3 m55.9% Surplus$ 2.6 m * 58% is the benchmark for both revenue & expense

GROWING LEADERS Opportunity. Engagement. Achievement. BUDGET UPDATE 1/31/ Diff. Revenue$24.3 million $24.2 million $.1 million Expense$21.7 m $19.7 m $2.0 m Cash$9.2 m $9.7 m $.5 m Reserve$12.1 m $13.9 m $1.8 m Apport.$6.6 m $5.6 m $1.0 m EPA Funds$2.8 m $2.7 m $.1 m

GROWING LEADERS Opportunity. Engagement. Achievement. BUDGET UPDATE 1/31/2015 1/31/15 1/31/14 Diff. Academic Salaries8,850,1017,702,5421,147,559 Classified Salaries4,807,4834,453, ,167 Benefits4,755,4294,511, ,685 Supplies & Materials 299, ,827 25,350 Other Costs2,909,0972,714, ,321 Capital Outlay 67,773 87,763 19,990 Total$21,689,060$19,743,968$1,945,092 Ratio increase over prior year – 9.8%

GROWING LEADERS Opportunity. Engagement. Achievement. BUDGET UPDATE 1/31/ % Rule Calculation as of January 31, 2015 Ratio at 48.97% Plan of Action – Vice Presidents will reduce non- instructional related expenditures over the remainder of the fiscal year.