13 - Union County College

STATEMENT
of CURRENT FUNDS REVENUES,
EXPENDITURES and Other CHANGES
YEAR ENDED JUNE 30, 2007
(WITH COMPARATIVE FIGURES FOR 2006)
2007 2006
Unrestricted Restricted Total Unrestricted Restricted Total
REVENUES:
Tuition & fees 30,799,629 – 30,799,629 28,179,984 – 28,179,984
Chargebacks to other counties 112,860 – 112,860 83,554 – 83,554
Federal grants – 11,313,291 11,313,291 – 11,912,951 11,912,951
State of New Jersey grants & appropriations 11,628,983 4,475,274 16,104,257 12,231,519 4,605,620 16,837,139
Local grants & appropriations 11,861,379 410,442 12,271,821 11,515,902 275,213 11,791,115
Gifts – 1,103,853 1,103,853 – 1,062,872 1,062,872
Other sources 1,352,764 – 1,352,764 1,214,413 – 1,214,413
Total revenues 55,755,615 17,302,860 73,058,475 53,225,372 17,856,656 71,082,028
EXPENDITURES & MANDATORY TRANSFER:
Instruction 26,718,035 4,512,067 31,230,102 26,148,085 4,597,645 30,745,730
Public service 1,577,771 171 1,577,942 1,530,096 (5,726) 1,524,370
Academic support 3,644,406 – 3,644,406 3,382,897 294,922 3,677,819
Student services 4,556,425 279,332 4,835,757 4,325,936 271,939 4,597,875
Institutional support 11,282,343 1,039 11,283,382 10,960,474 7,677 10,968,151
Operation & maintenance of plant 6,126,509 – 6,126,509 5,859,898 – 5,859,898
Student aid – 12,510,251 12,510,251 – 12,690,199 12,690,199
Total expenditures 53,905,489 17,302,860 71,208,349 52,207,386 17,856,656 70,064,042
Mandatory transfer - debt service 871,710 – 871,710 876,527 – 876,527
Total expenditures and
mandatory transfer 54,777,199 17,302,860 72,080,059 53,083,913 17,856,656 70,940,569
Excess of revenues over expenditures &
mandatory transfer 978,416 – 978,416 141,459 – 141,459
OTHER TRANSFERS & ADDITIONS (deductions):
Excess of restricted additions over
transfers to revenues – 130,977 130,977 – (14,612) (14,612)
Refunded to grantors – (63,849) (63,849) – (24,655) (24,655)
Transfer to unexpended – – – – – –
Transfer to renewal & replacement (978,416) – (978,416) (141,459) – (141,459)
Net increase in fund balances – 67,128 67,128 – (39,267) (39,267)
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