condensed fs2016 august

Summary Operating Statements

For the Period

September 1, 2015 ‐ August 31, 2016

For the Meeting of the Board of Trustees ‐ October 13, 2016

forHouston Community College System

&

Houston Community College Public Facility Corporation

Summary Summary of Financial Statements 1

Fund Balances Fund Balance Statement 2

Operating Summary HCCS Unrestricted Revenue & Expenditures 3

Auxiliary Sources and Uses of Auxiliary Funds 4

Budgets Adjusted Budgets by Divisions 6

Balance Sheet Balance Sheet by Fund 8

Exemptions/Waivers Exemptions & Waivers Detail 9

Table of ContentsFor the Period September 1, 2015 ‐ August 31, 2016

Houston Community College System

1

Houston Community College System Summary of Financial Statements

As of August 31, 2016

In the Unrestricted Fund as of August 31, 2016, total revenue received is $318.9 million. This

represents 98.3% of budgeted annual revenues of $324.6 million. Expenses total $312.5 million

to date; which is 96.3% of the total expense budget of $324.6 million. Compared with the same

time last year, revenue shows a 2.6% increase, and expenses are 8.3% higher than the prior

year. Actual net revenue is $6.4 million to‐date. That translates into a like amount increase in

fund balance.

Salaries increased 7.2%. This increase is due namely to the compensation study alignment and

an across the board salary increase of 2% for full‐time employees.

The expenses in Transfers & Debt show an increase of $6.8 million namely due to the

redemption of the PFC Westgate Bonds Series 2005A in the amount of $8.1 million.

Total revenue and expenses are expected to fall within budget plan at year end.

Unrestricted1 Restricted Auxiliary

Loan &

Endowments Scholarship Agency

Unexpended

Plant

Capital and

Technology

Retirement of

Debt

Investment in

Plant

Public Facility

Corp. Grand Total

Fund Balance as of 9/1/2015, Audited $ 45,130,654 $ 4,540,237 $ 7,699,183 $ 509,932 $ (29,805) $ ‐ $ 27,332 $ 5,660,509 $ 52,039,009 $ 251,542,378 $ (2,701,008) $ 364,418,421

Revenues 318,937,859 28,387,576 10,453,226 ‐ 96,183,403 ‐ 2,171,018 ‐ 51,807,029 (4,971,444) 278,850 503,247,518

ExpensesSalaries 182,718,432 5,356,502 1,983,110 ‐ 1,786,919 ‐ 294,222 ‐ ‐ ‐ ‐ 192,139,186

Employee Benefits 23,517,640 14,466,308 658,544 ‐ ‐ ‐ 65,526 ‐ ‐ ‐ ‐ 38,708,020

Supplies & General Exp 5,409,629 236,646 1,197,436 ‐ ‐ ‐ 1,447 45,694 ‐ ‐ ‐ 6,890,851

Travel 1,168,602 129,461 248,741 ‐ ‐ ‐ 1,085 ‐ ‐ ‐ ‐ 1,547,890

Marketing Costs 1,740,238 116,805 982,505 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 2,839,548

Rentals & Leases 2,265,864 121,564 54,567 ‐ ‐ ‐ 7,307 ‐ ‐ ‐ ‐ 2,449,302

Insurance/Risk Mgmt 4,543,760 10,010 5,597 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 4,559,367

Contracted Services 23,024,551 4,175,667 2,429,785 ‐ ‐ ‐ 1,383,724 26,125 321,500 ‐ ‐ 31,361,351

Utilities 9,182,359 ‐ 567,939 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 9,750,299

Other Departmental Expenses 2,028,748 234,129 1,648,333 ‐ ‐ ‐ 150 ‐ ‐ ‐ ‐ 3,911,360

Instructional and Other Materials 9,095,281 462,790 222,685 ‐ ‐ ‐ 807,736 ‐ ‐ ‐ ‐ 10,588,492

Maintenance and Repair 858,880 435,320 13,173 ‐ 268,858 ‐ 23,268 85,847 ‐ ‐ ‐ 1,685,346

Transfers (In)/Out2 41,391,831 4,000,000 ‐ 271,234 (2,701,495) ‐ (3,362,542) (9,000,000) (28,333,929) (2,265,100) ‐ 0

Debt 1,100,204 ‐ 279 ‐ ‐ ‐ ‐ ‐ 61,759,834 834,697 ‐ 63,695,015

Capital Outlay 4,498,666 2,633,915 74,134 ‐ ‐ ‐ 130,044,805 8,373,539 ‐ ‐ 133,055 145,758,114

Depreciation ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 22,724,776 ‐ 22,724,776

Scholarship Distribution ‐ ‐ ‐ ‐ 96,829,118 ‐ ‐ ‐ ‐ ‐ ‐ 96,829,118

Total Expenses 312,544,686 32,379,117 10,086,829 271,234 96,183,400 ‐ 129,266,728 (468,795) 33,747,406 21,294,374 133,055 635,438,034

NET REVENUE/(EXPENSES) 6,393,173 (3,991,541) 366,398 (271,234) 2 ‐ (127,095,710) 468,795 18,059,624 (26,265,818) 145,795 (132,190,515)

Fund Balance Entries (517,271) 1,124,691 ‐ ‐ ‐ ‐ 145,320,471 2,986,783 (4,066,199) 40,442,880 (787,294) 184,504,061

Fund Balance as of 8/31/2016 51,006,556$ 1,673,387$ 8,065,581$ 238,698$ (29,803)$ ‐$ 18,252,093$ 9,116,088$ 66,032,435$ 265,719,440$ (3,342,508)$ 416,731,967$

1The significant change in the unresticted fund balance is attributable to the implementation of GASB 68, Accounting and Reporting for Financial Pension .2Transfers include student revenue bond payment funds, scholarship matching funds, and transfers to Unexpended Plant and Capital and Technology Funds.

Unaudited Fund Balances and Activities ‐ All Funds

as of August 31, 2016

2

HOUSTON COMMUNITY COLLEGE SYSTEM

Year‐to‐Date Actuals

Thru August 31, 2016 FY2016 Budget

Actuals as a %

of Budget


Thru August 31, 2016


Thru August 31, 2015

Increase (Decrease)

FY2016 Compared to

FY2015

% Increase

(Decrease)

REVENUES

State Appropriations 70,168,777$ 69,995,427$ 100.2% 70,168,777$ 69,155,893$ 1,012,884$ 1.5%Ad Valorem Taxes 133,580,908 136,000,000 98.2% 133,580,908 125,073,172 8,507,736 6.8%Tuition, Net 39,741,841 40,925,000 97.1% 39,741,841 39,937,753 (195,912) ‐0.5%Fees 63,055,747 65,325,000 96.5% 63,055,747 64,312,146 (1,256,399) ‐2.0%Other Local Income 3,479,299 2,250,000 154.6% 3,479,299 2,421,304 1,057,995 43.7%Tuition & Fee, Net

‐‐ Extended Learning8,456,247 9,500,000 89.0% 8,456,247 9,382,627 (926,380) ‐9.9%

Indirect Cost Revenues, Grant 455,040 620,000 73.4% 455,040 503,548 (48,508) ‐9.6%Total Revenues 318,937,860 324,615,427 98.3% 318,937,860 310,786,444 8,151,416 2.6%

EXPENSES

Salaries 182,718,432 189,716,268 96.3% 182,718,432 170,515,506 12,202,926 7.2%Employee Benefits 23,517,640 21,213,280 110.9% 23,517,640 20,406,867 3,110,773 15.2%Supplies Gen Exp 5,409,629 6,162,095 87.8% 5,409,629 4,919,853 489,776 10.0%Travel 1,168,602 1,666,233 70.1% 1,168,602 1,033,451 135,151 13.1%Marketing Costs 1,740,238 1,967,206 88.5% 1,740,238 1,179,213 561,026 47.6%Rental & Leases 2,265,864 2,416,968 93.7% 2,265,864 2,224,505 41,359 1.9%Insurance/Risk Mgmt 4,543,760 4,589,449 99.0% 4,543,760 6,425,150 (1,881,390) ‐29.3%Contract Services 23,024,551 25,465,799 90.4% 23,024,551 22,991,156 33,396 0.1%Utilities 9,182,359 9,749,699 94.2% 9,182,359 8,923,606 258,753 2.9%Other Departmental Expenses 2,028,748 2,477,953 81.9% 2,028,748 1,493,511 535,237 35.8%Instructional & Other Materials 9,095,281 9,686,126 93.9% 9,095,281 8,485,912 609,370 7.2%Maintenance & Repair 858,880 1,196,016 71.8% 858,880 980,865 (121,985) ‐12.4%Transfers/Debt 42,492,034 40,937,612 103.8% 42,492,034 35,653,272 6,838,763 19.2%Contingency ‐ 1,716,290 0.0% ‐ ‐ ‐ 0.0%Capital Outlay 4,498,666 5,654,432 79.6% 4,498,666 3,234,142 1,264,524 39.1%

Total Expenses 312,544,686$ 324,615,427$ 96.3% 312,544,686$ 288,467,008$ 24,077,678 8.3%

NET REVENUE/(EXPENSES) 6,393,173$ 0$ 0.0% 6,393,173$ 22,319,435$ (15,926,262)$ ‐71.4%

HOUSTON COMMUNITY COLLEGE SYSTEMComparison to Budget and Comparison to Previous Fiscal Year


HCCS CURRENT UNRESTRICTED

3

100% of Year Expended

Main Leasing Misc. Auxiliary* Foundation Marketing

Bookstore

Commission

International

Student Services

Cafe Club NEO

3100 Main Scholarships

Subtotal

Uncommitted

21,608,919$ (15,867,575)$ (1,919,115)$ (22,697,403)$ 26,337,287$ (2,029,029)$ (1,579,123)$ (462,396)$ 3,391,564$

FY2016 Revenue 6,910,324 705,806 ‐ ‐ 1,914,043 ‐ 452,246 ‐ 9,982,419

Salaries 295,224 632,350 109,494 ‐ ‐ 334,020 233,841 ‐ 1,604,928

Benefits 70,596 358,327 25,536 ‐ ‐ 80,685 50,939 ‐ 586,083

Supplies Gen Exp 46,924 185,272 29,035 ‐ ‐ ‐ 6,915 ‐ 268,147

Travel ‐ 35,691 5,932 ‐ ‐ 2,035 ‐ ‐ 43,658

Marketing Costs ‐ 32,874 ‐ 948,655 ‐ ‐ ‐ ‐ 981,529

Rental & Leases 4,579 38,225 ‐ ‐ ‐ ‐ 2,941 ‐ 45,745

Contract Services 1,909,247 156,490 49,934 ‐ ‐ ‐ 3,299 ‐ 2,118,970

Utilities 562,689 ‐ ‐ ‐ ‐ ‐ 5,250 ‐ 567,939

Departmental Expenses 300 293,660 ‐ 1,220,730 ‐ 16,812 ‐ 1,531,502

Instructional & Other

Materials 1,378 4,044 ‐ ‐ ‐ ‐ 216,972 ‐ 222,393

Maintenance & Repair 1,432 2,517 ‐ ‐ ‐ ‐ 9,223 ‐ 13,173

Insurance/Risk Mgmt ‐ 168 ‐ ‐ ‐ ‐ ‐ ‐ 168

Exemptions and Waivers ‐ ‐ ‐ ‐ ‐ ‐ ‐ 1,603,710 1,603,710

Transfer/Debt 279 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 279

Capital Outlay 42,900 22,939 ‐ ‐ ‐ ‐ ‐ ‐ 65,838

Total Expense 2,935,549 1,762,558 219,931 2,169,385 ‐ 433,551 529,379 1,603,710 9,654,064

Contribution to Fund Balance 3,974,775 (1,056,751) (219,931) (2,169,385) 1,914,043 (433,551) (77,134) (1,603,710) 328,355

Auxiliary Fund Balance ‐ Uncommitted Portion 3,719,919$

* Expenditures in this category include mailroom, child day care, Minority Male Initiative, Govt. Relation, Mobile Go, etc.

4

Fund Balance –

September 1, 2015 (Audited )

HOUSTON COMMUNITY COLLEGE SYSTEMAuxiliary Budget By Fund


Auxilary Funds ‐ Uncommitted Portion

Total

Saigon Tech

Other

International

Initiatives

Subtotal

International

Minority

Business

Development

Agency

Student

Vending

Commission

Student

Activity Fee

Student

Athletic Fee Subtotal

Committed Total Auxiliary

328,922$ (92,954)$ 1,818,386$ ‐$ 324,132$ 1,005,688$ 1,159,414$ 2,489,233$ 7,699,183$ (Audited)

FY2016 Revenue 69,999 ‐ 69,999 ‐ 126,000 1,060,664 856,431 2,043,095 12,095,513

Salaries 1,800 ‐ 1,800 ‐ 4,200 115,224 256,958 376,382 1,983,110

Benefits ‐ ‐ ‐ ‐ ‐ 11,813 60,649 72,462 658,544

Supplies Gen Exp 584 ‐ 584 ‐ 78,413 637,518 212,775 928,706 1,197,436

Travel 708 50,159 50,866 ‐ 145 85,258 68,814 154,217 248,741

Marketing Costs ‐ ‐ ‐ ‐ ‐ 975 ‐ 975 982,505

Rental & Leases ‐ ‐ ‐ ‐ ‐ 2,726 6,096 8,822 54,567

Contract Services ‐ ‐ ‐ ‐ 1,400 119,758 189,656 310,815 2,429,785

Utilities ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 567,939

Departmental Expenses ‐ 10,980 10,980 ‐ 46,000 40,648 19,204 105,851 1,648,333

Instructional & Other

Materials ‐ ‐ ‐ ‐ ‐ ‐ 292 292 222,685

Maintenance & Repair ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 13,173

Insurance/Risk Mgmt ‐ ‐ ‐ ‐ ‐ 2,758 2,671 5,429 5,597

Exemptions and Waivers ‐ ‐ ‐ ‐ ‐ 37,682 893 38,576 1,642,286

Transfer/Debt ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 279

Capital Outlay ‐ ‐ ‐ ‐ ‐ 5,079 3,217 8,296 74,134

Total Expense 3,092 61,138 64,230 ‐ 130,158 1,059,439 821,225 2,010,821 11,729,115

Contribution to Fund Balance 66,907 (61,138) 5,769 ‐ (4,158) 1,225 35,206 32,273 366,398

Auxiliary Fund Balance ‐ Intl, Committed, Total 1,824,155$ ‐$ 319,974$ 1,006,913$ 1,194,620$ 2,521,507$ 8,065,581$

HOUSTON COMMUNITY COLLEGE SYSTEMAuxiliary Budget By Fund


5

Auxiliary Funds ‐ International and Committed Portions

International Committed

Fund Balance –

September 1, 2015


Budgeted Expenditures CENTRAL NORTH

WEST

NORTH

EAST

SOUTH

WEST

SOUTH

EAST COLEMAN

EXTENDED

LEARNING

ACADEMIC

INSTRUCTION

Salary 8,860,193$ 9,030,866$ 11,511,366$ 9,902,363$ 5,642,145$ 12,038,573$ 11,647,059$ 59,323,657$

Employee Benefits 3,088 ‐ ‐ ‐ ‐ ‐ ‐ ‐

Supplies & Gen 228,434 281,707 223,004 268,417 328,567 344,543 207,935 387,007

Travel 35,443 83,470 22,707 53,612 12,844 80,211 89,250 112,058

Marketing Costs 13,645 58,645 56,019 28,363 173,642 10,210 255,370 9,932

Rentals & Leases 2,530 49,821 937,844 498,206 53,257 496,183 24,615 9,634

Insurance/Risk Mgmt ‐ ‐ ‐ ‐ ‐ 126 ‐ 1,190

Contracted Services 285,785 268,385 76,419 18,926 46,483 165,893 100,208 330,356

Utilities 5,125 ‐ ‐ 2,050 ‐ ‐ ‐ ‐

Other Departmental Expenses 60,541 72,375 27,754 41,008 16,402 76,670 53,264 71,437

Instructional And Other Materials 319,629 59,465 146,740 119,552 62,917 376,203 701,208 1,099,971

Maintenance and Repair 152,631 41,873 103,111 8,776 13,744 61,451 116,723 30,345

Transfers/Debt ‐ 7,723 1,186 ‐ ‐ ‐ ‐ ‐

Contingency 427,276 338,165 44,718 213,797 ‐ 303,766 201,794 ‐

Capital Outlay 518,538 318,906 372,651 237,568 261,484 135,921 147,005 364,745

Total 10,912,859$ 10,611,401$ 13,523,518$ 11,392,638$ 6,611,484$ 14,089,751$ 13,544,431$ 61,740,332$

HOUSTON COMMUNITY COLLEGEFY 2015‐16 Adjusted Budget by Divisions

6


HOUSTON COMMUNITY COLLEGEFY 2015‐16 Adjusted Budget by Divisions

Budgeted Expenditures CHANCELLOR FINANCE &

ADMIN. SUSTAINABILITY

INSTRUCTIONAL

SERVICES

STUDENT

SERVICES SYSTEM Grand Total

Salary 5,785,727$ 30,427,886$ 3,047,634$ 17,995,721$ 4,503,076$ 1$ 189,716,268$

Employee Benefits ‐ 6 ‐ 11 ‐ 21,210,175 21,213,280

Supplies & Gen 840,155 1,016,052 173,016 422,558 221,866 1,218,834 6,162,095

Travel 164,827 206,908 79,388 657,353 68,162 ‐ 1,666,233

Marketing Costs 1,099,211 226,760 29,964 5,345 100 ‐ 1,967,206

Rentals & Leases 85,700 179,130 61,416 13,519 5,113 ‐ 2,416,968

Insurance/Risk Mgmt 4,586,900 57 ‐ 1,176 ‐ ‐ 4,589,449

Contracted Services 4,072,786 15,853,143 69,816 99,211 1,387,956 2,690,432 25,465,799

Utilities ‐ 1,801,432 ‐ 94 ‐ 7,940,998 9,749,699

Other Departmental Expenses 848,506 374,882 105,792 603,483 125,839 ‐ 2,477,953

Instructional And Other Materials 40,600 5,821,697 48,236 580,671 309,237 ‐ 9,686,126

Maintenance and Repair 5,160 657,721 2,138 150 2,193 ‐ 1,196,016

Transfers/Debt 200,000 43,591 ‐ ‐ ‐ 40,685,112 40,937,612

Contingency ‐ 64 178,204 8,505 ‐ 1 1,716,290

Capital Outlay 141,536 2,809,450 217,575 100,809 28,245 ‐ 5,654,432

Total 17,871,108$ 59,418,780$ 4,013,179$ 20,488,606$ 6,651,787$ 73,745,553$ 324,615,427$

7

CURRENT &

LOAN FUNDS1PLANT & BOND

FUNDS2 Total All Funds

ASSETSCurrent Assets:

Cash & cash equivalents 127,015,905$ 31,978,121$ 158,994,026$ Restricted cash & cash equivalents 513,727 ‐ 513,727 Short term Investments ‐ ‐ ‐ Accounts/Other receivable (net) 29,277,658 2,834,438 32,112,096 Deferred charges 4,108,396 ‐ 4,108,396 Prepaids 2,662,161 673,299 3,335,460

Total Current Assets 163,577,847 35,485,859 199,063,706

Non‐current Assets:Restricted cash & cash equivalents ‐ 143,622,642 143,622,642 Restricted long‐term investments ‐ 65,202,815 65,202,815 Long‐term Investments 35,967,911 ‐ 35,967,911 Deferred Outflows of Resources: Pension 29,641,042 ‐ 29,641,042 Advance Funding Valuation Outflows ‐ 7,936,830 7,936,830 Capital Assets, net 1,200,172 1,075,917,002 1,077,117,175

Total Non‐current Assets 66,809,126 1,292,679,289 1,359,488,414

Total Assets 230,386,973$ 1,328,165,147$ 1,558,552,120$

LIABILITIESCurrent Liabilities:

Accounts payable 10,225,014 6,093,017 16,318,031

Accrued liabilities 6,194,280 5,641,971 11,836,251 Compensated absences 2,919,816 ‐ 2,919,816 Funds held for others 703,676 189,209 892,885 Deferred revenue 42,792,874 2,495,368 45,288,242 Notes payable‐current portion ‐ 9,143,299 9,143,299 Bonds payable‐current portion ‐ 25,625,000 25,625,000

Total Current Liabilities 62,835,659 49,187,864 112,023,524

Non‐current Liabilities:Deposits 440 ‐ 440 Net Pension Liability 78,185,706 ‐ 78,185,706 Deferred Inflows of Resources: Pension 28,410,749 ‐ 28,410,749 Advance Funding Valuation ‐ 722,950 722,950 Notes payable ‐ 143,468,465 143,468,465 Bonds payable ‐ 729,860,308 729,860,308 Capital lease obligations ‐ 45,805,503 45,805,503

Total Non‐current Liabilities 106,596,895 919,857,226 1,026,454,121

Total Liabilities 169,432,554$ 969,045,090$ 1,138,477,645$

Fund Balance‐

August 31, 2015 Audited 57,850,201 309,269,229 367,119,430

Revenues Over Expenditures Unrestricted 6,242,300 6,242,300 Restricted (3,138,081) (3,138,081) Net Investment in Plant 49,850,828 49,850,828

Total Fund Balances 60,954,420$ 359,120,057$ 420,074,477$

Total Liabilities & Fund Balances 230,386,974$ 1,328,165,147$ 1,558,552,120$

1 In cludes Unrestricted, Restricted, Loan & Endowment, Scholarship, Agency and Auxiliary Funds.2 Includes Unexpended Plant, Retirement of Debt and Investment in Plant Funds.

Houston Community CollegeBalance Sheet By Fund

For Month Ended August 31, 2016

8

FY 2014‐15 FY 2015‐16

Budget:Adjusted Budget FY 2015‐16, Net 40,925,000$

Revenues Received:Tuition 46,585,807 46,585,807 46,484,449

Waivers & Exemptions:Dual Credit & Early College HS (5,045,017) (5,045,017) (5,302,212)

Other (1,603,037) (1,603,037) (1,440,396)

Total Waivers & Exemptions (6,648,054) (6,648,054) (6,742,608)

Total Tuition Revenue, Net 39,937,754$ 39,937,753$ 39,741,841$

Budget:Budget FY 2015‐16, Net 9,500,000$

Revenues Received:Tuition 11,329,490 11,329,490 10,105,286

Waivers & Exemptions:Department of Corrections (1,946,863) (1,946,863) (1,649,039)

Total EL Tuition Revenue, Net 9,382,627$ 9,382,627$ 8,456,247$

FY 2014‐15 FY 2015‐16

Dept of Corrections 1,946,863$ 1,946,863$ 1,649,039$ ‐15.3%

Dual Credit & Early College HS Waiver 5,045,017 5,045,017 5,302,212 5.1%

Other:

Employee Fee Exemptions 61,121 61,121 59,220 ‐3.1%

Firemen 12,870 12,870 10,035 ‐22.0%

Hazelwood 942,773 942,773 792,654 ‐15.9%

Deaf & Blind 190,174 190,174 203,182 6.8%

High Ranking Hi SCH Grad 1,805 1,805 1,519 ‐15.8%

Child of Disabled Vet ETC 7,264 7,264 3,459 ‐52.4%

Emp of State Coll & Univ ‐ ‐ 2,372 0.0%

Nonres Teach/Research Asst 6,363 6,363 965 ‐84.8%

Nonres Competitive Scholar 8,558 8,558 39,206 358.1%

Senior Citizens 13,668 13,668 12,315 ‐9.9%

Scholarship Distribution 2,800 2,800 ‐ 0.0%

A VISA Waiver (Non‐Alien Waiver) 888 888 ‐ ‐100.0%

Foster Children‐Resident 247,117 247,117 160,182 ‐35.2%

Fire Academy Waiver ‐ ‐ (15) 0.0%

Undocumented Students 5,723 5,723 1,859 ‐67.5%

TX Tomorrow Waiver 6,076 6,076 1,792 ‐70.5%

Surviving Spouse/Children ‐ ‐ 2,942 0.0%

Peace Officer Exemption 3,868 3,868 1,359 ‐64.9%

Adopted Student Waiver 91,719 91,719 147,100 60.4%

Stipends 250 250 250 0.0%

Total Other Exemptions 1,603,037 1,603,037 1,440,396 ‐10.1%

Grand Total Exemptions & Waivers 8,594,917$ 8,594,917$ 8,391,647$ ‐2.4%

Exemptions & Waivers

End of Year

Activity

Year‐to‐Date

Activity thru

8/31/2015

Year‐to‐Date

Activity thru

8/31/2016

Houston Community College

9

Actuals %

Inc/(Dec)YTD

vs. PriorYTD

Exemptions & WaiversThrough August 31, 2016

Account

End of Year

Activity

Year‐to‐Date

Activity thru

8/31/2015

Year‐to‐Date

Activity thru

8/31/2016

Tuition

Tuition ‐ Extended Learning

condensed fs2016 august

Economy & Finance