South Texas College Budget...Colleges and Schools to award Bachelor of Applied Technology, Associate...

South Texas College Budget

Fiscal Year 2008-2009

Hidalgo County and Starr County, Texas

www.southtexascollege.edu

South Texas College

Budget For The Fiscal Year Ending August 31, 2009

TABLE OF CONTENTS

INTRODUCTORY SECTION

Board of Trustees .......................................................................................................................................... 1

Comprehensive Mission: Vision, Purpose, Core Values, Guiding Principles & Strategic Directions ........ 2

Fact Sheet 2008-2009 ................................................................................................................................... 3

Programs of Study 2008-2009 ...................................................................................................................... 4

Summary of Fall Semester Headcount, Unduplicated Annual Headcount and Annual Full Time

Equivalent (FTE) ......................................................................................................................................... 5

Summary of Revenues and Expenditures, Transfers and Contingencies by Fund – Current and Plant

Funds ............................................................................................................................................................ 6

UNRESTRICTED FUND REVENUES

Pie Chart - By Source ................................................................................................................................... 8

Pie Chart By Source - Comparison of Previous Fiscal Year with Fiscal Year Ending August 31, 2009 ..... 9

Summary of Revenues - Budget and Actual – Comparison of Previous Fiscal Years with Fiscal Year

Ending August 31, 2009 ........................................................................................................................ 10-11

UNRESTRICTED FUND EXPENDITURES

Pie Chart - By Function (Without Transfers and Contingencies) ............................................................... 14

Pie Chart - By Function - Comparison of Previous Fiscal Year with Fiscal Year Ending August 31,

2009……………......................................................................................................................................... 15

Pie Chart - By Classification (Without Transfers and Contingencies) ....................................................... 16

Pie Chart – By Classification - Comparison of Previous Fiscal Year with Fiscal Year Ending August 31,

2009……………......................................................................................................................................... 17

Summary of Expenditures by Function and Classification .................................................................... 18-19

UNRESTRICTED FUND CAPITAL EXPENDITURES

Summary of Capital Expenditures - By Function and Organization ......................................................... 21

South Texas College

Budget For The Fiscal Year Ending August 31, 2009

TABLE OF CONTENTS

(Continued)

AUXILIARY FUND

Summary of Revenues and Expenditures –Budget and Actual – Comparison of Previous Fiscal Years

with Fiscal Year Ending August 31, 2009 ............................................................................................ 23-24

RESTRICTED FUND

Summary of Revenues and Expenditures – Budget and Actual – Comparison of Previous Fiscal Years

with Fiscal Year Ending August 31, 2009 ............................................................................................ 25-26

PLANT FUNDS

Summary of Revenues and Expenditures – Plant Funds ........................................................................... 27

Resolution Adopting the Budget of South Texas College for the Fiscal Year 2008-2009 .................... 29-30

South Texas College

Budget Fiscal Year 2008-2009

BOARD OF TRUSTEES

Mr. Manuel Benavidez, Jr. District 1 May 2006 - May 2012

Mrs. Irene Garcia District 2 May 2006 - May 2012

Mr. Michael Allen District 3 May 2004 - May 2010

Mr. Gary Gurwitz District 4 May 2004 - May 2010

Dr. Alejo Salinas, Jr. District 5 May 2008 - May 2014

Mr. Jesse Villarreal District 6 May 2006 - May 2012

Mr. Roy De Leon District 7 May 2008 - May 2014

Mr. Michael Allen Chair

Mr. Gary Gurwitz Vice-Chair

Mr. Manuel Benavidez, Jr. Secretary

Dr. Shirley A. Reed President

1

VISION A better quality of life for our communities.

PURPOSE South Texas College is a world-class comprehensive institution of higher learning providing premier educational and workforce programs and services in response to the needs of the region.

CORE • Student Success • Learning • Excellence

VALUES • Integrity • Community • Opportunity

GUIDING • Be a premier learning-centered higher education institution where

PRINCIPLES student and community success are paramount;

• Serve as the cornerstone for the economic vitality of South Texas;

• Foster an environment for the students and community to achieve a better quality of life; • Nurture a culture where collaboration is valued and achievement is recognized.

STRATEGIC • South Texas College commits to student learning as the foundation

DIRECTIONS of student success through excellence in teaching and service, faculty and staff empowerment, professional development, and accountability.

• South Texas College proudly provides opportunities to all students with high expectations for their success.

• South Texas College leads the transformation of the region to a “college-going” culture whereby attending and completing higher education is expected for all.

• South Texas College serves as the catalyst for regional economic prosperity and social mobility.

• South Texas College models professionalism through integrity, mutual respect, civility, trust, and collaboration.

• South Texas College champions a culture of excellence based on evidence.

The Vision, Purpose, Core Values, Guiding Principles, and Strategic Directions Constitute the Comprehensive Mission for South Texas College

Approved by the Board of Trustees, September 13, 2007.

2

About South Texas College South Texas College is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools to award Bachelor of Applied Technology, Associate of Applied Science, Associate of Arts and Associate of Science degrees, and certificates. STC expects to begin the Fall 2008 semester with more than 20,000 students. A faculty and staff of more than 1,600 serve STC’s five campuses. Associate Degrees and Certificates

The college offers more than 100 degree and certificate program options, including associate degrees in a variety of art, science, technology and allied health fields of study. The college offers online associate degrees in Business Administration, Criminal Justice and Social Sciences, with Interdisciplinary Studies and an Associate of Arts in Teaching being added for Fall 2008. Bachelor of Applied Technology STC offers a Bachelor of Applied Technology (BAT) degree in Technology Management, as well as a Bachelor of Applied Technology in Computer and Information Technologies. The college is one of only three Texas community colleges accredited to offer a BAT degree and the only community college in Texas accredited to offer two bachelor’s degrees. Dual Enrollment Opportunities STC offers dual enrollment programs with high schools throughout Hidalgo and Starr counties. The programs allow eligible students to take college courses while attending high school. More than 6,000 students are expected to enroll in the program during the Fall 2008 semester. STC has developed two intensive academic programs for students interested in pursuing degrees in the medical and engineering fields. The Dual Enrollment Medical Science Academy and the Dual Enrollment Engineering Academy consist of concentrated two-year programs of study and internship opportunities for qualified students to pursue an Associate of Science degree during their junior and senior years in high school. Business and Industry Training

STC’s Partnership for Business and Industry Training offers employers customized training that will upgrade the skills of current employees and prepare new employees for a variety of industries. Continuing and Professional Education

The program provides opportunities for lifelong learners to upgrade their skills, change careers or seek personal enrichment. Articulation Agreements For those students who wish to continue their education beyond an associate’s degree, STC has more than 60 articulation agreements in place with colleges across the country. Following is a sampling of colleges with formal agreements with STC:

Georgetown University University of Houston – Clear Lake Midwestern State University University of North Texas - Denton Texas A&M University – College Station University of Texas – Arlington Texas A&M University – Kingsville University of Texas – Brownsville Texas State University – San Marcos University of Texas – Pan American Texas Tech University University of Texas – San Antonio

About the Faculty With 474 full-time and 155 adjunct instructors, STC’s faculty is among the most qualified at any community college in the nation. There are 363 faculty members with master’s degrees, 38 hold double master’s, three hold triple master’s and 82 have doctorate degrees. In certificate and other programs, there are 74 faculty members holding bachelor degrees and 47 with associate degrees. Vital Statistics

o More than 75% of student population are the first in family to attend college o More than 95% of students are Hispanic o More than 60% of students are female o More than 75% of students (does not include dual enrollment students) are using some

form of financial aid o More than 35% of students go on to immediately pursue a bachelor’s degree o Class size averages 26 students per faculty member

3

DEGREE AND CERTIFICATE OFFERINGS 2008-2009

For the 2008-2009 academic year, STC has 91 degrees and certificates available to its students: 2 Baccalaureate degrees, one Associate of Arts Degree in 16 fields of study, one Associate of Arts in Teaching in 4 fields of study, one Associate of Science Degree in 7 fields of study, 23 Associate of Applied Science Degrees, and 39 Certificates.

BACCALAUREATE PROGRAMS• Bachelor of Applied Technology in Technology Management• Bachelor of Applied Technology in Computer and Information Technologies

ASSOCIATE OF ARTS DEGREEFIELDS OF STUDYBusiness and Technology Division•BusinessAdministration-TransferPlan

Liberal Arts and Social Sciences Division•Anthropology•Communication•CriminalJustice•English•FineArts•History•InterdisciplinaryStudies•Kinesiology•LanguageandCulturalStudies•Mexican-AmericanStudies•Philosophy•PoliticalScience(Government)•Psychology•SocialWork•Sociology

ASSOCIATE OF ARTS IN TEACHING FIELDS OF STUDY•EC-4EarlyChildhoodSpecialization•EC-4Generalist•4-8Generalist•Grades8-12

ASSOCIATE OF SCIENCE DEGREE FIELDS OF STUDYMath and Science Division•Biology•Chemistry•ComputerInformationSystems•ComputerScience•Engineering•Mathematics•Physics

ASSOCIATE OF APPLIED SCIENCE DEGREESBusiness and Technology Division•AutomotiveTechnology

Specialization:GM-ASEP »

•BusinessAdministrationSpecializations:

Accounting »Banking »Import/Export/Logistics »Management »Marketing »Technology Management »

•BusinessComputerSystemsSpecializations:

ComputerSpecialist »InformationSecuritySpecialist »MultimediaSpecialist »NetworkingSpecialist »WebmasterSpecialist »

•ComputerAidedDraftingandDesignTechnology

Specializations:ArchitecturalDrafting »CivilDrafting »DigitalImaging »GeographicInformationSystems »

•CulinaryArts•DieselTechnology•ElectronicandComputerMaintenance Technology

Specializations:Computer Maintenance Technology »ComputerSupportSpecialist »ConvergentTechnologySpecialist »

•Heating,Ventilation,AirConditioning and Refrigeration Technology•HumanResourceSpecialist•LegalOfficeManagement•OfficeManagement•Paralegal•PrecisionManufacturingTechnology

Liberal Arts and Social Sciences Division•ChildDevelopment

Nursing and Allied Health Division•AssociateDegreeNursing

LVN/ADNTransition »ParamedictoRN »

•EmergencyMedicalTechnology-Paramedic•HealthInformationTechnology•MedicalAssistantTechnology•OccupationalTherapyAssistant•PharmacyTechnology•PhysicalTherapistAssistant•RadiologicTechnology•RespiratoryTherapy

CERTIFICATESBusiness and Technology Division•AccountingClerk•ArchitecturalDrafting•AutomotiveTechnology•Banking•CivilDrafting•CombinationWelding•CommercialCooking•ComputerMaintenanceSpecialist•ComputerSupportSpecialist•ConvergentTechnologySpecialist•DieselTechnology•DigitalImaging•ElectricianAssistant•ElectronicsTechnologySpecialist•FordMaintenanceandLightRepair•GeographicInformationSystems•Heating,Ventilation,AirConditioning and Refrigeration Technology•HumanResourceAssistant•Import/Export•IndustrialSystemsMaintenanceTechnology•LegalOfficeSpecialist•Logistics•Management•Marketing•OfficeSpecialist•PlumberAssistant•PrecisionManufacturingTechnology•TechnologySupportSpecialist

Liberal Arts and Social Sciences Division•ChildDevelopment

Specializations:Infant and Toddler »Pre-School »

•EarlyChildhoodIntervention

Nursing and Allied Health Division•EmergencyMedicalTechnology-Basic•EmergencyMedicalTechnology- Intermediate •EmergencyMedicalTechnology- Paramedic*•MedicalAssistantTechnology•MedicalCodingSpecialist•MedicalInformation/Transcription Specialist•PatientCareAssistant•PharmacyTechnology•VocationalNursing

*Thisisatwo-yearcertificate

PROGRAMS OF STUDYPROGRAMS OF STUDY

rev.08.07.08/jls

4

South Texas College Summary of Fall Semester Headcount, Unduplicated Annual Headcount

and Annual Full Time Equivalent (FTE)

Academic Year

Fall

Semester

Headcount

Unduplicated

Annual

Headcount

Annual FTE

1993 - 94

1,055

2,900

1,164

1994 - 95 2,334 4,967 2,139

1995 - 96 3,267 6,899 2,883

1996 - 97 5,424 9,758 4,489

1997 - 98 6,857 11,860 5,708

1998 - 99 9,453 14,288 7,474

1999 - 00 10,381 15,035 7,948

2000 - 01 11,338 16,793 8,424

2001 - 02 12,444 18,370 9,317

2002 - 03 13,695 20,447 10,267

2003 - 04

2004 - 05

15,334

17,138

21,926

23,844

10,658

11,470

2005 - 06

2006 - 07

2007 - 08

2008 - 09

16,609

18,536

19,973

22,441*

23,743

25,422

26,707*

29,168*

11,394

11,239

12,722*

13,538*

*Projected

5

South Texas CollegeSummary of Revenues and Expenditures, Transfers and Contingencies by Fund


Current & Plant Funds

Fund Revenues

Expenditures,

Transfers and

Contingencies

Unrestricted Fund $ 104,939,295 $ 104,939,295

Auxiliary Fund $ 1,975,358 $ 1,975,358

Restricted Fund $ 42,915,452 $ 42,915,452

Plant Fund - Unexpended - Construction $ 35,006,451 $ 35,006,451

Plant Fund - Renewals & Replacements $ 5,753,248 $ 5,753,248

Plant Fund - Retirement of Indebtedness $ 17,626,312 $ 17,626,312

6

This page intentionally left blank.

7

South Texas CollegeUnrestricted Fund

Revenues by Source

Budget for Fiscal Year 2008 - 2009

Source of Revenues FY '09 Budget Percentage

State Appropriations 31,664,987$ 30.17%

Tuition 23,655,416 22.54%

Fees 12,373,947 11.79%

Other Revenues 2,739,937 2.61%

Local Taxes 30,532,148 29.10%

Carryover 3,972,860 3.79%

Total Revenues 104,939,295$ 100.00%

FY 2008 - 2009 Unrestricted Fund Revenues by Source

State Appropriations$31,664,987

30.17%

Tuition$23,655,416

22.54%

Fees$12,373,947

11.79%

OtherRevenues

$2,739,937 2.61%

Local Taxes$30,532,148

29.10%

Carryover$3,972,860

3.79%

8


Revenues by Source

Comparison of Previous Fiscal Year with Fiscal Year Ending August 31, 2009

Fiscal Year 2008

Source of Revenues

FY '08 Budget

(As Amended) Percentage


Tuition 21,401,259 20.97%

Fees 8,788,089 8.61%


Local Taxes 28,110,519 27.55%

Carryover 8,411,701 8.24%

Total Revenues 102,054,313$ 100.00%

Fiscal Year 2009

Source of Revenues FY '09 Budget Percentage


Tuition 23,655,416 22.54%

Fees 12,373,947 11.79%


Local Taxes 30,532,148 29.10%

Carryover 3,972,860 3.79%

Total Revenues 104,939,295$ 100.00%

State Appropriations

$31,589,589 30.95%

Tuition$21,401,259

20.97%

Fees$8,788,089

8.61%

Other Revenues$3,753,156

3.68%


27.55%

Carryover$8,411,701

8.24%

State Appropriations

$31,664,987 30.17%

Tuition$23,655,416

22.54%

Fees$12,373,947

11.79%

Other Revenues$ 2,739,937

2.61%


29.10%

Carryover$3,972,860

3.79%

9

FY '05 FY '06

Budget FY '05 Budget FY '06

Revenue Source (As Amended) Actual (As Amended) Actual

State Appropriations 24,365,755$ 24,945,029$ 29,829,436$ 29,972,196$

Tuition 18,334,464 19,551,205 19,626,225 20,177,674

Fees 4,382,225 5,311,652 6,877,165 7,852,953

Other Revenues 1,441,436 3,082,370 2,106,080 3,190,267

Local Taxes 20,658,570 22,405,071 22,687,015 24,854,665

Carryover from Prior FY 9,704,025 9,704,025 13,349,142 13,349,142

Total Unrestricted Fund

Revenues 78,886,475$ 84,999,352$ 94,475,063$ 99,396,897$


Summary of Revenues - Budget and Actual

Comparison of Previous Fiscal Years with Fiscal Year Ending August 31, 2009

10

(Continued)

FY '07 FY '08

Budget FY '07 Budget FY '08 FY '09

(As Amended) Actual (As Amended) Actual * Budget

30,182,226$ 30,311,961$ 31,589,589$ 32,706,522$ 31,664,987$

20,015,423 21,058,661 21,401,259 21,310,830 23,655,416

7,331,805 8,772,325 8,788,089 8,795,089 12,373,947

3,135,749 4,271,804 3,753,156 3,598,106 2,739,937

26,175,743 27,564,774 28,110,519 30,088,101 30,532,148

9,188,746 9,188,746 8,411,701 8,411,701 3,972,860

96,029,692$ 101,168,271$ 102,054,313$ 104,910,349$ 104,939,295$

* Projected

The Unrestricted Fund includes those economic resources of the college which are expendable for the purpose of performing the

primary missions of the institution-instruction, research, and public service - and which are not restricted by external sources or

designated by the governing board of other than operating expenditures.

Note: State Appropriations Revenues include state on-behalf benefits which are budgeted in the Unrestricted Fund

and subsequently transferred to the Restricted Fund for Annual Financial Report purposes.

11


12


13


Expenditures by Function

(Without Transfers and Contingencies)


Function FY '09 Budget Percentage

Instruction 50,466,533$ 50.75%

Public Service 385,481 0.39%

Academic Support 8,310,892 8.36%

Student Services 8,967,010 9.02%

Institutional Support 20,287,560 20.41%

Operation & Maintenance 11,001,247 11.07%

Total Expenditures 99,418,723$ 100.00%

FY 2008-2009 Unrestricted Fund Expenditures By Function


Instruction$50,466,533

50.75%

Public Service$385,481

0.39%

Academic Support$8,310,892

8.36%

Student Services$8,967,010

9.02%

Institutional Support$20,287,560

20.41%

Operation & Maintenance$11,001,247

11.07%

14


Expenditures by Function



Fiscal Year 2008


Instruction 46,239,152$ 50.83%







Fiscal Year 2009


Instruction 50,466,533$ 50.75%








50.83%

Public Service$480,472

0.53%

Academic Support $7,310,690

8.04%


8.38%

Institutional Support

$18,766,352 20.63%


11.59%


50.75%

Public Service$ 385,481

0.39%

Academic Support$8,310,892

8.36%


9.02%

Institutional Support

$20,287,560 20.41%


11.07%

15


Expenditures by Classification



Classification FY '09 Budget Percentage

Salaries 57,572,777$ 57.90%

Benefits 15,767,318 15.86%

Operating 23,083,182 23.22%

Travel 1,318,262 1.33%

Capital 1,677,184 1.69%


FY 2008-2009 Unrestricted Fund Expenditures By Classification


Salaries$57,572,777

57.90%

Benefits$15,767,318

15.86%

Operating$23,083,182

23.22%

Travel$1,318,262

1.33%

Capital$1,677,184

1.69%

16


Expenditures by Classification



Fiscal Year 2008


Salaries 52,434,428$ 57.65%

Benefits 14,286,178 15.71%

Operating 21,498,084 23.63%

Travel 1,135,618 1.25%

Capital 1,605,375 1.76%


Fiscal Year 2009


Salaries 57,572,777$ 57.90%

Benefits 15,767,318 15.86%

Operating 23,083,182 23.22%

Travel 1,318,262 1.33%

Capital 1,677,184 1.69%


Salaries$52,434,428

57.65%

Benefits$14,286,178

15.71%

Operating $21,498,084

23.63%

Travel$1,135,618

1.25%

Capital$1,605,375

1.76%

Salaries$57,572,777

57.90%

Benefits$15,767,318

15.86%

Operating$23,083,182

23.22%

Travel$1,318,262

1.33%

Capital$1,677,184

1.69%

17

Classification

Percent Percent Percent

Function Salaries of Total Benefits of Total Operating of Total

Instruction 35,193,231$ 61.13% 9,463,493$ 60.02% 4,673,580$ 20.25%

Public Service 227,000 0.39% 66,965 0.42% 85,816 0.37%

Academic Support 4,717,569 8.19% 1,275,730 8.09% 1,836,191 7.95%

Student Services 6,082,998 10.57% 1,680,808 10.66% 862,425 3.74%

Institutional Support 8,605,543 14.95% 2,493,912 15.82% 8,188,369 35.47%

Operation & Maintenance - Plant 2,746,436 4.77% 786,410 4.99% 7,436,801 32.22%

Total - Without Transfers &

Contingencies 57,572,777$ 15,767,318$ 23,083,182$

Percent of Total Expenditures 57.90% 15.86% 23.22%

Without Transfers & Contingencies

Transfers and Contingencies

Transfer-Construction Fund - - 2,500,000

Transfer-PPFCO Debt - - 266,045

Transfer-MTR Bond Series 2007 - - 128,200

Transfer Skills 14 - - 426,327

Contingency - - 2,200,000

Total Transfers and Contingencies -$ -$ 5,520,572$

Total Unrestricted Budget

Expenditures/Transfers/Contingencies 57,572,777$ 15,767,318$ 28,603,754$

Percent of Total Expenditures 54.85% 15.03% 27.26%

With Transfers & Contingencies

South Texas College

Unrestricted Fund

Summary of Expenditures by Function and Classification


18

(Continued)

Percent of Percent of

Percent Percent Total Budget Total Budget

Travel of Total Capital of Total Total W/O Trans/Cont With Trans/Cont

632,579$ 47.99% 503,650$ 30.03% 50,466,533$ 50.75% 48.09%

5,700 0.43% - 0.00% 385,481 0.39% 0.37%

195,107 14.80% 286,295 17.07% 8,310,892 8.36% 7.92%

163,779 12.42% 177,000 10.55% 8,967,010 9.02% 8.54%

295,097 22.39% 704,639 42.01% 20,287,560 20.41% 19.34%

26,000 1.97% 5,600 0.33% 11,001,247 11.07% 10.48%

1,318,262$ 1,677,184$ 99,418,723$ 100.00%

1.33% 1.69% 100.00%

- - 2,500,000

- - 266,045

- - 128,200

- - 426,327

- - 2,200,000

-$ -$ 5,520,572$ 5.26%

1,318,262$ 1,677,184$ 104,939,295$ 100.00%

1.26% 1.60% 100.00%

19


20

South Texas College

Summary of Capital Expenditures - By Function and Organization

Budget for Fiscal Year 2009

Unrestricted Fund

TotalOrganization Name Organization

100035Hidalgo Technology Center 250,000

211001Distance Education Instructional 50,000

211002Distance Ed Instructional Tech 103,100

221402Automotive Technology 11,000

221404CADD 35,550

224025Respiratory Therapy 20,000

520001Distance Education Technology 34,000

503,650Instruction

213001Curriculum & Accreditation 6,995

530002Library Acquisition 159,300

530008BAT and Support Materials 80,000

540001Instructional Technologies 40,000

286,295Academic Support

320001Admissions & Records 177,000

177,000Student Services

410013Business Office 50,000

420003Distribution Center 20,000

420004Central Receiving 30,000

450002Security 304,000

512001Information Security 50,000

520002Phones Central Office 126,000

520004Information Technology 102,100

520005Technology Support 22,539

704,639Institutional Support

430001Dir Fac Planning & Construction 5,600

5,600Operation and Maintenance

$1,677,184Total Expenditures

21


22

South Texas CollegeSummary of Revenues and Expenditures - Budget and Actual


Auxiliary Fund

Fiscal Year Revenues / Expenditures Budget Actual*

1994-1995 Revenues 1,303,686$ 612,895$

Expenditures and Transfers 997,604$ 518,341$

1995-1996 Revenues 266,000$ 609,814$


1996-1997 Revenues 149,000$ 217,692$


1997-1998 Revenues 174,000$ 298,784$


1998-1999 Revenues 197,000$ 336,059$


1999-2000 Revenues 389,238$ 501,662$


2000-2001 Revenues 488,749$ 473,025$


2001-2002 Revenues 765,291$ 563,045$


2002-2003 Revenues 840,344$ 666,476$


2003-2004 Revenues 848,165$ 743,075$


2004-2005 Revenues 914,608$ 845,373$


23



Auxiliary Fund


2005-2006 Revenues 1,093,059$ 906,335$

Expenditures and Transfers 1,093,059$ 438,747$

2006-2007 Revenues 1,126,357$ 874,962$

Expenditures and Transfers 1,126,357$ 422,150$

2007-2008 Revenues 1,437,282$ 1,437,282$

Expenditures and Transfers 1,437,282$ 1,437,282$

2008-2009 Revenues 1,975,358$

Expenditures and Transfers 1,975,358$

* Projected for Fiscal Year 2008

24



Restricted Fund


1994-1995 Revenues 987,739$ 1,987,400$

Expenditures and Transfers 987,739$ 1,809,153$

1995-1996 Revenues 1,294,224$ 4,571,195$


1996-1997 Revenues 2,268,000$ 7,915,978$


1997-1998 Revenues 13,121,691$ 13,936,818$


1998-1999 Revenues 16,773,620$ 22,577,660$


1999-2000 Revenues 21,718,987$ 26,363,571$


2000-2001 Revenues 28,122,005$ 29,711,610$


2001-2002 Revenues 30,532,504$ 38,545,570$


2002-2003 Revenues 38,497,102$ 42,876,466$


2003-2004 Revenues 39,827,894$ 42,677,367$


2004-2005 Revenues 41,055,097$ 45,575,896$


25



Restricted Fund


2005-2006 Revenues 37,124,890$ 45,239,130$


2006-2007 Revenues 38,529,808$ 42,303,996$


2007-2008 Revenues 40,264,380$ 40,264,380$


2008-2009 Revenues 42,915,452$

Expenditures and Transfers 42,915,452$

* Projected for Fiscal Year 2008

26

South Texas CollegeSummary of Revenues and Expenditures


Plant Funds

Fund Revenues

Expenditures,

Transfers and

Reserves

Plant Fund - Unexpended - Construction Fund 35,006,451$ 35,006,451$

Plant Fund - Renewals & Replacements Fund 5,753,248$ 5,753,248$

Plant Fund - Retirement of Indebtedness Fund 17,626,312$ 17,626,312$

27


28

A RESOLUTION ADOPTING THE BUDGET OF

SOUTH TEXAS COLLEGE FOR THE FISCAL YEAR

BEGINNING SEPTEMBER 1, 2008 AND ENDING

AUGUST 31, 2009 IN ACCORDANCE WITH THE

PROVISIONS OF THE TEXAS EDUCATION CODE

AND ORDERING OTHER PROVISIONS RELATED TO

THE SUBJECT MATTER HEREOF.

BE IT ORDERED BY THE BOARD OF TRUSTEES OF SOUTH TEXAS

COLLEGE, THAT:

SECTION I: The Budget Estimate of revenues for South Texas College District

(the “College District”) and the expenses of conducting the affairs thereof for the ensuing fiscal

year beginning September 1, 2008, and ending August 31, 2009, as submitted by the President of

the College, be, and the same is in all things, adopted and approved as the budget of all of the

current revenues and expenses for the fiscal year beginning the 1st day of September, 2008, and

ending the 31st day of August, 2009.

SECTION II: The amount of ad valorem taxes and revenue from other sources,

as estimated by the President, is hereby appropriated out of the various Funds for the payment of

operating expenses and capital outlay of the College District. A copy of the Budget Summary

indicating such revenues and appropriating their expenditures is attached hereto and made a part

hereof for all purposes as Exhibit “A” and shall remain on file in the Office of the President.

SECTION III: The sums indicated in Exhibit “A” are hereby appropriated in the

Unrestricted Fund and College’s Debt Service Fund out of the current year ad valorem taxes as

collected for the purposes of maintenance and operation of the College District, as applicable,

and applying the interest due on the general obligation bonds, redeeming the bonds as they

mature, and creating sinking funds as required by such bonds.

29

SECTION IV: All Resolutions or parts of Resolutions in conflict herewith are

hereby repealed.

SECTION V: This Resolution shall be and remain in full force and effect as of

September 1, 2008.

SECTION VI: If any part, or parts, of this Resolution are found to be invalid or

unconstitutional by a court having competent jurisdiction, then such invalidity or unconstitutionality

shall not affect the remaining parts hereof and such remaining parts shall remain in full force and

effect, and to the extent this Resolution is considered severable.

CONSIDERED, PASSED and APPROVED this _____ day of August, 2008 at a meeting of

the Board of Trustees of South Texas College District at which a quorum was present and

which was held in accordance with the Texas Government Code Chapter 551.

SIGNED this _____ day of August, 2008.

SOUTH TEXAS COLLEGE DISTRICT

BY: ________________________

Michael Allen, Chair

ATTEST:

By: ______________________________

Manuel Benavidez, Jr., Secretary

30

South Texas College Budget...Colleges and Schools to award Bachelor of Applied Technology, Associate...

Documents

Transcript of South Texas College Budget...Colleges and Schools to award Bachelor of Applied Technology, Associate...