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Rock Valley College Prepared by: Samantha Vancil 11/9/12 Cash Graphs Approved by:Jennifer Porter, Reviewed by Sam Overton, 11/13/2012 Included are the Cash Graphs: Operating Investments are the "rainy-day" savings at PMA; target is 90 days (25%) operating budget (bars) Cash are the money market and checking balances to pay operating expenses (lines) Capital Investments are mainly the Bond proceeds at PMA; to be expended for capital projects (bars) Cash are the property tax levies to pay Bond principal & interest & Life Safety projects (lines) We have reviewed the amount transferred from Checking to Savings over the last serveral years and realized that the investment earnings at PMA were reinvested by PMA, therefore creating an excess transfer from Checking to Savings. There is still excess investment earnings above the surplus. Audited Surplus Earnings at PMA Amount Transferred (Over) allocated FY 05 1,478,471 167,057 1,500,000 (188,586) FY 06 2,082,493 237,701 2,000,000 (155,208) FY 07 424,812 575,056 500,000 (650,244) FY 08 1,142,232 706,819 - 435,413 FY 09 537,093 339,126 - 197,967 FY 10 33,051 78,920 - (45,869) FY 11 19,369 31,615 - (12,246) FY 12 1,237,218 36,556 1,200,662 Totals 6,954,739 2,172,850 4,000,000 781,889 Conclusion: Acceptable Operating Cash and Capital Cash Balances Operating Cash Balances are at expected levels at this time of year; lower property tax levies, lower enrollment (tuition & fees), and slow State payments affect the FY 13 Operating Cash balances. Capital Cash Balances are still high. The College did a tax swap, reducing PH&S levy for rapid bond repayments. Cash Balances will decrease with completion of Life Safety projects that total around $1,110k. All Bond principal & interest payments have been made. We have attached the total cash balances and believe there may be Operating Cash recorded as Capital Conclusion: Acceptable Investment Balances Operating Investments are $13.8 million, 23% of the $59.9 million Operating Budget without Student Financial Aid pass-thru and are tracking as expected, but with very low interest earnings. Capital Investment Balances are $14.7 million and will decrease as approved capital project expenditures are paid. 11/13/2012 Page 1 \\RVCCLUSTER\RVC_DFS_Root\common\ADSFIS\Sam\ Cash Flow13.xlsx Conclusion
$20,000,000 Operating Funds Net Investments & Cash $18,000,000 $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 July August September October November December January February March April May June FY 10 Operating Investments 13,684,849 13,700,117 13,703,865 13,707,203 13,711,565 13,717,639 13,725,285 13,735,894 13,739,584 13,740,299 13,741,005 13,743,718 FY 11 Operating Investments 13,747,903 13,754,444 13,756,725 13,762,230 13,762,487 13,762,074 13,766,569 13,766,915 13,767,253 13,770,813 13,772,752 13,776,939 FY 12 Operating Investments 13,779,278 13,780,034 13,784,644 13,795,442 13,795,727 13,798,240 13,804,647 13,806,179 13,806,270 13,811,656 13,811,594 13,813,495 FY 13 Operating Investments 13,819,033 13,825,031 13,825,031 13,833,420 FY 10 Operating Cash 6,298,681 5,035,339 12,043,179 8,916,074 6,429,738 5,266,111 3,787,881 2,970,827 2,272,879 1,403,680 1,732,190 6,419,112 FY 11 Operating Cash 7,174,558 7,423,583 13,813,002 7,728,196 7,836,295 4,808,376 3,162,205 3,396,414 1,556,429 1,314,475 821,589 3,471,039 FY 12 Operating Cash 5,613,423 3,950,784 9,207,044 7,943,520 5,718,896 5,677,537 4,445,273 4,080,862 1,336,930 171,908 265,274 5,521,868 FY 13 Operating Cash 4,781,488 3,592,562 10,915,454 9,051,337 11/13/2012 Page 2 Cash Flow13.xlsx/Operating
Page 1 and 2: Rock Valley College Board of Truste
Page 5 and 6: Communications and Petitions Ms. Ca
Page 7 and 8: In response to a question from Trus
Page 9 and 10: On a motion by Mr. Mike Olson, seco
Page 11 and 12: the same number of classrooms and o
Page 13 and 14: Table of Contents Introduction…
Page 15 and 16: Lessons Learned from SEM 1.0 Plan (
Page 17 and 18: 3. Introduction of regular, increme
Page 19 and 20: Gap in technology/software to suppo
Page 21 and 22: The following four tables are examp
Page 23 and 24: Overall Enrollment by Enrollment St
Page 25 and 26: 11. The College will increase the c
Page 27 and 28: Action step I.2.c.ii: Identify and
Page 29 and 30: Action step III.1.c: Research best
Page 31 and 32: Action step IV.3.d: Survey students
Page 33 and 34: Action step VI.2.d: Create a campai
Page 35 and 36: I.2.d Adult Recruitment Plan ES FY
Page 37 and 38: IV.1.d Learning Support Services RC
Page 39 and 40: Appendices (Note: the next sections
Page 41 and 42: Rock Valley College Dollars by Payr
Page 43 and 44: Rock Valley College Vital Signs-Pay
Page 45 and 46: Rock Valley College Health Care Cos
Page 47: ROCK VALLEY COLLEGE Vital Signs - H
Page 51 and 52: 30,000,000 ALL Cash Balances Operat
Page 53 and 54: Affordability Board of Trustees Mee
Page 55 and 56: public colleges over a three-year p
Page 57 and 58: Table 1: Percentage of Undergraduat
Page 61 and 62: ROCK VALLEY COLLEGE Board Report #6
Page 63 and 64: November 01 2012 ACCOUNTS PAYABLE C
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November 01 2012 ACCOUNTS PAYABLE C
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Month: 10/2012 Checks Over $10,000
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ROCK VALLEY COLLEGE Board Report #6
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ROCK VALLEY COLLEGE Board Report #6
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Rock Valley College Board Report #
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Board Report 6948/3 PR #655 Novembe
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ROCL VALLEY COLLEGE Board Report #6
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NOTICE OF PROPOSED PROPERTY TAX LEV
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Recommendation: It is recommended t
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ALTERNATIVE PLANS AND MONTHLY PREMI
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ICCTA REPORT for 11/27/12 Board Mee
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Saturday, November 10 -- ICCB Commi
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