FISCAL YEAR 2013/14

BUDGET UPDATEAS 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

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

BUDGET UPDATE 1/31/2014

1/31/14 1/31/13 Diff.

Academic Salaries 7,702,542 6,918,717 783,825Classified Salaries 4,453,316 4,080,324 372,992Benefits 4,511,744 3,958,771 552,973 Supplies & Materials 273,827 246,477 27,350Other Costs 2,714,776 2,988,162 273,386Capital Outlay 87,763 77,983 9,780

Total $19,743,968 $18,270,434 $1,473,534

Ratio increase over prior year – 7.8%

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.