2015-2016 Community Report

SIC Budget Summary
Southeastern Illinois College District 533
Current Operating Funds Legal Budget
for the Year ending June 30, 2016
SIC will end 2016 being
owed $2 million from the
State. The college will
then begin 2017 with only
33 % of its expected revenue
from the State, leaving
over $2 million in question
– again! Reserves helped
mitigate this unprecedented
State impasse, but Springfield
must fix their problems
soon for all of Illinois
higher education.
Budgeted Revenues By Sources
Local Taxes and Chargebacks
State Government
Tuition and Fees
Other Sources & Transfers IN
Total Budgeted Revenues & Transfers
34%
18%
4%
44%
#’s in Millions
2.15
4.70
4.06
0.51
11.8
Budgeted Revenues by Sources
Budgeted Revenues by Sources
34%
18%
4%
44%
State
Other
Local Tax
Students
State
Other
Local Tax
Students
% of Total
18%
44%
34%
4%
100%
Budgeted Program Expenses
Instruction and Academic Support
Student Services
Institutional Support
Building and Grounds
0.76
Budgeted Program Expenses
Transfers Out
Total Budgeted Expenses & Transfers
Budgeted Program Expenses
#’s in Millions
4.31
2.50
2.75
1.48
11.8
% of Total
37%
21%
23%
13%
6%
100%
37%
21% 21%
13%
13%
6%
23% 6%
23%
Student Services Student Services
Building and Building Groundsand Grounds
Transfers Out
Transfers Out
Institutional
Institutional
Instruction
Instruction
14