Year to Date Financial Report - February

Tooele Applied Technology College
TATC Budget and Actuals by Account Groupings
(Excluding Depreciation)
FY 2015 FY 2015 FY 2015 FY 2015
FY 2014 FY 2014 Annual July to February July to February July to February
Sources of Funds Budget Actual Budget Budget Actual Over (Under) Budget
Tuition $147,800 $193,422 $196,000 $130,667 $122,596 (8,071)
Fees 95,600 98,722 134,227 90,318 64,207 (26,111)
State Appropriation 2,602,100 2,602,100 3,002,600 2,251,875 2,251,875 0
Grants and Agreements, Misc 35,000 86,093 46,250 30,000 95,042 65,042
Jobs Now 40,000 40,000 40,000 30,000 30,000 0
Perkins 23,500 15,114 17,560 0 0 0
Custom Fit - UCAT 87,500 87,500 200,000 150,000 150,000 0
Custom Fit Match from Companies 43,750 47,532 100,000 66,667 46,823 (19,844)
Equipment - UCAT 36,300 36,300 36,300 27,225 27,225 0
Bookstore Sales 45,000 49,633 0 0 8,142 8,142
Cosmetology Sales 20,000 32,014 31,000 20,667 25,631 4,964
Donations - Scholarships 6,000 11,610 10,000 6,667 1,828 (4,839)
Donations - Capital Development, Other 0 20,467 0 0 44,884 44,884
Interest Income 3,000 4,068 4,000 2,666 3,752 1,086
Total Revenue 3,185,550 3,324,575 3,817,937 2,806,752 2,872,005 65,253
Use of Funds
Cost of Goods Sold 42,000 37,225 0 0 9,492 9,492
Salaries 1,526,699 1,542,054 1,859,547 1,251,547 1,201,227 (50,320)
Benefits 657,294 659,695 795,711 530,087 507,334 (22,753)
Scholarships 12,000 18,198 11,250 7,500 5,559 (1,941)
Utilities 165,000 152,037 158,500 105,667 106,346 679
Facility Expenses 85,950 85,174 92,547 61,698 51,758 (9,940)
Instructional Materials 80,000 85,606 114,747 76,499 52,056 (24,443)
Contracted Services 320,000 239,445 398,651 272,434 163,355 (109,079)
Office and General OH 40,000 57,900 75,996 50,664 34,816 (15,848)
Travel Expenses 13,211 11,593 17,524 11,683 6,064 (5,619)
Financial Expense 6,950 9,560 10,614 7,076 7,327 251
Purchase of Assets 140,000 152,129 282,850 190,846 260,560 69,714
Total Expenses 3,089,104 3,050,616   3,817,937 2,565,701 2,405,894 (159,807)
Net Increase (Decrease) in funds for year $96,446 $273,959   $0 $241,051 $466,111 225,060