September 13-14 - Nebraska State College System

7.8.-1
Fiscal and Facilities Committee
Larry Teahon, Chair
Cap Peterson
Jennifer Myers
September 13-14, 2007
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2006-07 Year-end Operating Expenditure Reports
Priority: Financial Strength of the System
Goal: 1. Ensure financial accountability
Strategy: f. Keep Board of Trustees informed on the financial status of the colleges and system
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Board Policy 6011 requires the submission of expenditure reports every six months of the fiscal
year. Each of the colleges and the System Office have prepared reports for the Board’s review and
consideration.
The format followed by the colleges provides expenditure information on each of the eight programs
included in higher education institutional budgets. Those identifiers can be found in the heading of
each column. Other data provided includes the number of FTE employees in each program, as well
as the dollars expended for personal services, operations, travel and capital outlay (equipment).
There is one section that identifies the amount of federal funds spent for that program through the
institution's grants, as well as the number of FTE employees supported by those federal dollars.
The display also supplies information on percentage of general/ cash fund expenditures compared
to the budgeted amounts. Low percentage numbers may indicate that the institution reallocated
budgeted funds to another program -- ratios above 100% could indicate that the reallocated funds
were used in those programs. The spending level could also be less than 100% if the institution
planned to carry forward funds into the current year. The total amount ratio will normally be close to
100% in "tight" budget years and in those years that funds are not allowed to be carried over into
the succeeding year.