illinois central college district 514 east peoria ... · 2016-2017 budget exhibit schedules general...
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Illinois Central CollegeDistrict 514
East Peoria, Illinois
2016-2017Budget
Illinois Central College2016-2017
Budget
Table of Contents
Budget Detail 2016-2017
Summary of Budget by Fund 1
Summary of Anticipated Revenues 2
Summary of Estimated Revenues 3
Summary of Operating Budgeted Expenditures 4
Education Fund Budgeted Expenditures 5
Operations and Maintenance Fund Budgeted Expenditures 7
Liability, Protection, and Settlement Fund Budgeted Revenues and Expenditures 8
Restricted Purposes Fund Budgeted Revenues 9
Restricted Purposes Fund Budgeted Expenditures 10
Audit Fund Budgeted Revenues and Expenditures 12
Bond and Interest Fund Budgeted Revenues and Expenditures 13
Operations and Maintenance Fund - Restricted Budgeted Revenues and Expenditures 14
Auxiliary Enterprises Fund Budgeted Revenues and Expenditures 15
Exhibit Schedules 16 - 57
ILLINOIS CENTRAL COLLEGE DISTRICT 514SUMMARY OF FISCAL YEAR 2017 BUDGET BY FUND
CapitalGeneral / Operations Debt Service Projects
Operations Liability, Operationsand Protection, Bond and and Mainten-
Education Maintenance and Settlement Interest ance Fund Fund Fund Fund Fund (Restricted)
Beginning Balance (1) 8,250,944 5,672,733 5,913,368 (844,956) 19,208,332
Budgeted Revenues 61,440,523 7,956,144 4,697,823 5,862,074 4,399,269
Budgeted Expenditures, net 60,622,257 7,919,171 4,499,342 5,681,456 23,727,050
Encumbrances 176,525 86,428 18,837 - 75,000
Budget Transfers from(to) Other Funds (750,000) (2,200,000) - - 2,200,000
Budgeted Ending Balance 8,142,685 3,423,278 6,093,012 (664,338) 2,005,551
ProprietarySpecial Revenue Fund Totals
Restricted Auxiliary Purposes Audit Working Enterprises Total
Fund Fund Cash Fund Fund All Funds
Beginning Balance (1) 700,528 243,914 9,907,933 (559,647) 48,493,149
Budgeted Revenues 16,975,000 124,950 75,000 7,356,054 108,886,837
Budgeted Expenditures 17,778,038 151,034 - 7,864,721 128,243,069
Encumbrances 14,325 4,393 - 2,474 377,982
Budgeted Transfers from(to) other Funds 425,000 - (75,000) 400,000 -
Budgeted Ending Balance 308,165 213,437 9,907,933 (670,788) 28,758,935
(1) Unaudited
Attest: Secretary, Board of Trustees
1
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2
ILLINOIS CENTRAL COLLEGE DISTRICT 514SUMMARY OF FISCAL YEAR 2017 ESTIMATED REVENUES
Operations Liability,and Protection, Total
Education Maintenance and Settlement OperatingFund Fund Fund Funds
OPERATING REVENUES BY SOURCE
Local Government:Local Taxes 17,074,110 3,469,269 4,697,823 25,241,202 Chargeback Revenue 5,000 5,000 Other - PBC Operating Agreement -
TOTAL LOCAL GOVERNMENT 17,079,110 3,469,269 4,697,823 25,246,202
State Government:ICCB Credit Hour Grants 2,953,125 984,375 3,937,500 ICCB Equalization Grants 37,500 12,500 50,000 ICCB Verteran Grants - - State Board of Education -
Vocational Education - State Board of Education -
Adult Education - Dept. of Veterans Affairs - Corporate Personal Property
Replacement Taxes 250,000 2,925,000 3,175,000 IL Student Assistance Comm. - SURS On-behalf-of Payments 15,000,000 15,000,000 Other 401,266 401,266
TOTAL STATE GOVERNMENT 18,641,891 3,921,875 - 22,563,766
Federal Government:Dept. of Education 148,130 - - 148,130 Dept. of Health and Human
Services - Other -
TOTAL FEDERAL GOVERNMENT 148,130 - - 148,130
Student Tuition and Fees:Tuition 24,701,392 24,701,392 Other Student Assessments -
TOTAL STUDENT TUITION AND FEES 24,701,392 - - 24,701,392
Other Sources:Sales and Service Fees 250,000 250,000 Facilities Revenue - 485,000 485,000 Investment Revenue 110,000 75,000 185,000 Bond Revenue - - Nongovernmental Grants 270,000 270,000 Other 240,000 5,000 245,000
TOTAL OTHER SOURCES 870,000 565,000 - 1,435,000
TOTAL 2017 BUDGETED REVENUE 61,440,523 7,956,144 4,697,823 74,094,491
Less Non-operating Items*:Tuition Chargeback Revenue 5,000 5,000 Instructional Service
Contract Revenue -
ADJUSTED REVENUE 61,435,523 7,956,144 4,697,823 74,089,491
* Interdistrict revenues that do not generate related local district credit hours are subtracted to allow for statewide comparisons.
3
SUMMARY OF FISCAL YEAR 2017 OPERATING BUDGETED EXPENDITURES
Operations Liability,and Protection, Total
Education Maintenance and Settlement OperatingFund Fund Fund Funds %
BY PROGRAM
Instruction 26,098,755 - - 26,098,755 34.0% Academic Support 2,892,700 - - 2,892,700 3.8% Student Services 2,893,108 - - 2,893,108 3.8% Public Service/Continuing Education 338,986 - - 338,986 0.4% Auxiliary Services - - - - 0.0% Operation & Maint. of Plant - 8,119,171 - 8,119,171 10.6% Institutional Support 27,928,708 - 4,499,342 32,428,050 42.2% Scholarships, Student Grants, & Waivers 1,120,000 - - 1,120,000 1.5%
INTERFUND TRANSFERS 750,000 2,200,000 - 2,950,000 3.8%
TOTAL 2017 BUDGETED EXPENDITURES 62,022,257 10,319,171 4,499,342 76,840,770 100.0%
Less Non-operating Items*: Tuition Chargeback 5,000 5,000 Instructional Service Contracts -
ADJUSTED EXPENDITURES 62,017,257 10,319,171 4,499,342 76,835,770
BY OBJECT
Salaries 31,517,151 3,794,956 1,603,123 36,915,230 48.0% Employee Benefits 20,761,094 922,617 964,934 22,648,645 29.5% Contractual Services 1,584,701 340,729 305,251 2,230,681 2.9% General Materials & Supplies 2,594,548 680,709 136,998 3,412,255 4.4% Conferences & Meetings 403,508 11,520 20,520 435,548 0.6% Fixed Charges 891,062 305,950 1,425,916 2,622,928 3.4% Utilities 37,914 1,970,750 6,500 2,015,164 2.6% Capital Outlay 417,089 78,500 30,000 525,589 0.7% Scholarships & Waivers 1,120,000 - - 1,120,000 1.5% Other 1,945,190 13,440 6,100 1,964,730 2.6% 61,272,257 8,119,171 4,499,342 73,890,770 96.2%
INTERFUND TRANSFERS 750,000 2,200,000 - 2,950,000 3.8%
TOTAL 2017 BUDGETED EXPENDITURES 62,022,257 10,319,171 4,499,342 76,840,770 100.0%
Less Non-operating Items*: Tuition Chargeback 5,000 5,000 Instructional Service Contracts -
ADJUSTED EXPENDITURES 62,017,257 10,319,171 4,499,342 76,835,770
*Interdistrict expenses that do not generate related local college credit hours are subtracted to allow for statewide comparisons.
4
EDUCATION FUND
FISCAL YEAR 2017 BUDGETED EXPENDITURES
Appropriations Totals
INSTRUCTION Salaries 21,415,019 Employee Benefits 3,066,710 Contractual Services 591,378 General Materials & Supplies 894,012 Conferences & Meetings 102,008 Fixed Charges 23,768 Utilities 730 Capital Outlay 3,000 Other 2,130
26,098,755
ACADEMIC SUPPORT Salaries 1,996,071 Employee Benefits 361,760 Contractual Services 53,220 General Materials & Supplies 413,794 Conferences & Meetings 40,855 Fixed Charges 27,000 Utilities - Capital Outlay - Other -
2,892,700
STUDENT SERVICES Salaries 2,081,080 Employee Benefits 538,670 Contractual Services 89,200 General Materials & Supplies 154,268 Conferences & Meetings 27,180 Fixed Charges 150 Utilities 2,560 Capital Outlay - Other -
2,893,108
PUBLIC SERVICE/CONTINUING EDUCATION Salaries 257,247 Employee Benefits 19,692 Contractual Services 14,063 General Materials & Supplies 23,788 Conferences & Meetings 17,143 Fixed Charges - Utilities 693 Capital Outlay - Other 6,360
338,986
5
OPERATION AND MAINTENANCE OF PLANT Salaries - Employee Benefits - Contractual Services - General Materials & Supplies - Conferences & Meetings - Fixed Charges - Utilities - Capital Outlay - Other -
-
INSTITUTIONAL SUPPORT Salaries 5,767,734 Employee Benefits 16,774,262 Contractual Services 836,840 General Materials & Supplies 1,108,686 Conferences & Meetings 216,322 Fixed Charges 840,144 Utilities 33,931 Capital Outlay 414,089 Other 1,936,700
27,928,708
SCHOLARSHIPS, STUDENT GRANTS, AND WAIVERS Salaries - Employee Benefits - Contractual Services - General Materials & Supplies - Conferences & Meetings - Fixed Charges - Capital Outlay - Other 1,120,000
1,120,000
TOTAL BUDGETED EXPENDITURES 61,272,257
PROVISION FOR CONTINGENCY 600,000
TOTAL EXPENDITURES & APPROPRIATIONS 61,872,257
LESS - CONTINGENCY (600,000)
- UNEXPENDED APPROPRIATION (650,000)
TOTAL NET EXPENDITURES 60,622,257
INTERFUND TRANSFERS, NET 750,000
GRAND TOTAL 61,372,257
6
OPERATIONS AND MAINTENANCE FUND
FISCAL YEAR 2017 BUDGETED EXPENDITURES
Appropriations Totals
OPERATION AND MAINTENANCE OF PLANT Salaries 3,794,956 Employee Benefits 922,617 Contractual Services 340,729 General Materials & Supplies 680,709 Conferences & Meetings 11,520 Fixed Charges 305,950 Utilities 1,970,750 Capital Outlay 78,500 Other 13,440 8,119,171
INSTITUTIONAL SUPPORT Salaries - Employee Benefits - Contractual Services - General Materials & Supplies - Conferences & Meetings - Fixed Charges - Utilities - Capital Outlay - Other -
-
TOTAL BUDGETED EXPENDITURES 8,119,171
PROVISION FOR CONTINGENCY 100,000
TOTAL EXPENDITURES & APPROPRIATIONS 8,219,171
LESS - CONTINGENCY (100,000)
- UNEXPENDED APPROPRIATION (200,000)
TOTAL NET EXPENDITURES 7,919,171
INTERFUND TRANSFERS, NET 2,200,000
GRAND TOTAL 10,119,171
7
LIABILITY, PROTECTION, AND SETTLEMENT FUND
FISCAL YEAR 2017 BUDGETED REVENUES
Revenues TotalsLocal Governmental Sources Local Taxes 4,697,823 Chargeback Revenue - Other -
4,697,823 Other Sources Investment Revenue - Other -
-
GRAND TOTAL 4,697,823
FISCAL YEAR 2017 BUDGETED EXPENDITURES
Appropriations Totals
INSTITUTIONAL SUPPORT Salaries 1,603,123 Employee Benefits 964,934 Contractual Services 305,251 General Materials & Supplies 136,998 Conferences & Meetings 20,520 Fixed Charges 1,425,916 Utilities 6,500 Capital Outlay 30,000 Other 6,100
GRAND TOTAL 4,499,342
8
RESTRICTED PURPOSES FUND
FISCAL YEAR 2017 BUDGETED REVENUES
Revenues Totals
Local Governmental Sources 25,000 25,000
State Governmental Sources ICCB Performance Based Initiative - Other ICCB Grants 350,000 Department of Veterans Affairs - Department of Commerce and Econonic Opportunity 250,000 Illinois Student Assistance Commission 600,000 Other Illinois Governmental Sources 450,000
1,650,000 Federal Governmental Sources Department of Education 14,000,000 Department of Labor 50,000 Department of Commerce and Econonic Opportunity 50,000 Other Federal Governmental Sources 300,000
14,400,000 Other Sources Student Tuition and Fees - Sales and Service Fees 10,000 Facilities Revenue - Investment Revenue - Nongovernmental Gifts, Scholarships, - Grants, and Bequests 300,000 Other Revenue 590,000 Stafford Student Loan -
900,000
INTERFUND TRANSFERS 425,000
GRAND TOTAL 17,400,000
9
RESTRICTED PURPOSES FUND
FISCAL YEAR 2017 BUDGETED EXPENDITURES
Appropriations Totals
INSTRUCTION Salaries 605,000 Employee Benefits 100,000 Contractual Services 525,000 General Materials & Supplies 75,000 Conferences & Meetings 35,000 Fixed Charges 30,000 Utilities 1,500 Capital Outlay 10,000 Other 65,000
1,446,500 ACADEMIC SUPPORT Salaries - Employee Benefits - Contractual Services - General Materials & Supplies - Conferences & Meetings - Fixed Charges - Utilities - Capital Outlay - Other -
- STUDENT SERVICES Salaries 325,000 Employee Benefits 95,000 Contractual Services 7,000 General Materials & Supplies 100,000 Conferences & Meetings 30,000 Fixed Charges - Utilities - Capital Outlay 75,000 Other -
632,000 PUBLIC SERVICE/CONTINUING EDUCATION Salaries 20,000 Employee Benefits 8,000 Contractual Services 35,000 General Materials & Supplies 1,000 Conferences & Meetings 1,000 Fixed Charges - Utilities 500 Capital Outlay - Other 50,000
115,500
10
OPERATION AND MAINTENANCE OF PLANT Salaries - Employee Benefits - Contractual Services - General Materials & Supplies - Conferences & Meetings - Fixed Charges - Utilities - Capital Outlay - Other -
- INSTITUTIONAL SUPPORT Salaries 335,000 Employee Benefits 95,000 Contractual Services 65,000 General Materials & Supplies 65,000 Conferences & Meetings 40,000 Fixed Charges 4,000 Utilities 4,000 Capital Outlay 25,000 Other 10,000
643,000 SCHOLARSHIPS, STUDENT GRANTS, AND WAIVERS Salaries 273,042 Employee Benefits 83,181 Contractual Services 33,775 General Materials & Supplies 41,285 Conferences & Meetings 7,815 Fixed Charges 100 Utilities 1,440 Capital Outlay - Other 400
441,038
Financial Aid 14,500,000
INTERFUND TRANSFERS -
GRAND TOTAL 17,778,038
11
AUDIT FUND
FISCAL YEAR 2017 BUDGETED REVENUES
Revenues TotalsLocal Governmental Sources Local Taxes 124,950 Chargeback Revenue - Other -
124,950 Other Sources Investment Revenue - Other -
-
GRAND TOTAL 124,950
FISCAL YEAR 2017 BUDGETED EXPENDITURES
Appropriations Totals INSTITUTIONAL SUPPORT Salaries 31,334 Employee Benefits 7,100 Contractual Services Audit Services 105,000 Consultants 7,600 Legal Services - Other -
GRAND TOTAL 151,034
12
BOND AND INTEREST FUND
FISCAL YEAR 2017 BUDGETED REVENUES
Revenues Totals
Local Governmental Sources Local Taxes 5,640,180 Other -
5,640,180
Other Sources Investment Revenue 20,000 Other 201,894
221,894
INTERFUND TRANSFERS -
GRAND TOTAL 5,862,074
FISCAL YEAR 2017 BUDGETED EXPENDITURES
Appropriations Totals
INSTITUTIONAL SUPPORT Contractual Services 10,000 General Materials & Supplies - Debt Service 5,671,456
5,681,456
INTERFUND TRANSFERS -
GRAND TOTAL 5,681,456
13
OPERATIONS AND MAINTENANCE FUND - (RESTRICTED)
FISCAL YEAR 2017 BUDGETED REVENUES
Revenues Totals
Local Governmental Sources - 2015 Levy 3,469,269
State Governmental Sources -
Federal Governmental Sources -
Other Sources Student Tuition & Fees - Sales & Service Fees - Facilities Revenue - Investment Revenue 40,000 Nongovernmental Gifts, Scholarships, Grants, & Bequests 890,000 Other -
INTERFUND TRANSFERS 2,200,000
Anticipated Bond Proceeds -
GRAND TOTAL 6,599,269
FISCAL YEAR 2017 BUDGETED EXPENDITURES
Appropriations Totals
INSTITUTIONAL SUPPORT Salaries - Employee Benefits - Contractual Services - General Materials & Supplies - Conferences & Meetings - Fixed Charges - Utilities - Capital Outlay 23,727,050 Other Expenditures - Provision for Contingency -
23,727,050
INTERFUND TRANSFERS -
GRAND TOTAL 23,727,050
14
AUXILIARY ENTERPRISES FUND
FISCAL YEAR 2017 BUDGETED REVENUES
Revenues Totals
Sales & Service Fee Sources 7,349,646 Investment Revenue Sources - Nongovernmental Gifts, Grants, & Bequests Sources - Other Sources 6,408
7,356,054
INTERFUND TRANSFERS 400,000
GRAND TOTAL 7,756,054
FISCAL YEAR 2017 BUDGETED EXPENDITURES
Appropriations Totals
STUDENT SERVICES Salaries 2,529,218 Employee Benefits 383,236 Contractual Services 368,996 General Materials & Supplies 4,012,897 Conferences & Meetings 277,511 Fixed Charges 202,800 Utilities 1,896 Capital Outlay - Other 88,167
7,864,721
INTERFUND TRANSFERS -
GRAND TOTAL 7,864,721
15
Illinois Central College2016-2017 BudgetExhibit Schedules
GeneralChanges in Tentative Budget to Final Budget - Revenues 16Changes in Tentative Budget to Final Budget - Expenditures 17Combined Budget Statement - Operating Funds 18Financial and Institutional Measures 19Operating Funds - Expenditures Variances By Unit Cost 20Unit Cost compared to HEPI 21Fund Balance Analysis 22
RevenueSummary of Revenues - All Funds 23Summary of Revenues - By Source 24Operating Revenues - By Source 25Operating Funds - Revenue Variances 26Operating Revenues - Trend Analysis 27Revenue Trend Forecast 28
Property Tax FundingTax Levy Analysis 29Property Tax Rates 30Equalized Assessed Valuation 31
Tuition & FeesTuition Forecast 32Tuition per Credit Hour 33Total Credit Hours and Tuition Rate Trend 34
ICCB FundingICCB Funding 35ICCB Grant Funding Analysis 36ICCB Funding Trend 37
ExpendituresSummary of Expenditures - All Funds 38Operating Funds - Expenditures Variances 39Expenditures by Object - Operating Budget 40Expenditures by College System 41
Other Fund Detail/AnalysisSchedule of Debt Service Payments 42Capital Expenditures by Fund and Funding Source 43Capital Projects Summary Expenditure Detail 44Major Project Summary 45Life Safety Project Summary 46Salary Breakdown 47Salaries by Operating Fund Type 48Salaries by Employee Classification 49Health Care Costs 50Total Health Care Cost Comparison 51Health Plan Costs 52Health Plan Comparison 53Utility Expenditure History 54Summary of Ancillary Funds 55Proprietary Fund Types 56Interfund Transfer Summary 57
Illinois Central CollegeChanges in Tentative Budget to Final Budget - Revenues
Operating Funds
2017 2017 Final Tentative %
Budget Budget Difference ChangeOperating Revenue by Source
Local Government:Local Taxes 25,241,202 25,241,202 - 0.00%Chargeback Revenue 5,000 5,000 - 0.00%
TOTAL LOCAL GOVERNMENT 25,246,202 25,246,202 - 0.00%
State Government:ICCB Credit Hour Grants 3,937,500 3,937,500 - 0.00%ICCB Equalization Grants 50,000 50,000 - 0.00%Corporate Personal Property Replacement Taxes 3,175,000 3,175,000 - 0.00%SURS On-behalf-of Payments 15,000,000 15,000,000 - 0.00%Other 401,266 401,266 - 0.00%
TOTAL STATE GOVERNMENT 22,563,766 22,563,766 - 0.00%
Federal Government:Dept. of Education 148,130 148,130 - 0.00%Other - - - 0.00%
TOTAL FEDERAL GOVERNMENT 148,130 148,130 - 0.00%
Student Tuition and Fees:Tuition 24,701,392 25,743,958 (1,042,566) -4.05%Other Student Assessments - - - 0.00%
TOTAL STUDENT TUITION AND FEES 24,701,392 25,743,958 (1,042,566) -4.05%
Other Sources: Sales and Service Fees 250,000 250,000 - 0.00%Facilities Revenue 485,000 485,000 - 0.00%Investment Revenue 185,000 185,000 - 0.00%Nongovernmental Grants 270,000 270,000 - 0.00%Other 245,000 245,000 - 0.00%
- TOTAL OTHER SOURCES 1,435,000 1,435,000 - 0.00%
- TOTAL 2017 BUDGETED REVENUE 74,094,491 75,137,056 (1,042,566) -1.39%
16
Illinois Central CollegeChanges in Tentative Budget to Final Budget - Expenditures
Operating Funds
2017 2017 Final Tentative %
Budget Budget Difference ChangeBY PROGRAM
Instruction 26,098,755 26,299,410 (200,655) -0.76% Academic Support 2,892,700 2,969,721 (77,021) -2.59% Student Services 2,893,108 2,984,156 (91,048) -3.05% Public Service/Continuing Education 338,986 338,986 - 0.00% Operation & Maint. of Plant 8,119,171 8,255,149 (135,978) -1.65% Institutional Support 32,428,050 32,822,152 (394,102) -1.20% Scholarships, Student Grants, and Waivers 1,120,000 1,120,000 - -
73,890,770 74,789,574 (898,804) -1.20%
INTERFUND TRANSFERS 2,950,000 1,025,000 1,925,000 187.80%
TOTAL 2017 BUDGETED EXPENDITURES 76,840,770 75,814,574 1,026,196 1.35%
BY OBJECT
Salaries 36,915,230 37,361,329 (446,099) -1.19% Employee Benefits 22,648,645 22,960,961 (312,316) -1.36% Contractual Services 2,230,681 2,245,681 (15,000) -0.67% General Materials & Supplies 3,412,255 3,412,255 - 0.00% Conferences & Meetings 435,548 435,548 - 0.00% Fixed Charges 2,622,928 2,693,317 (70,389) -2.61% Utilities 2,015,164 2,015,164 - 0.00% Capital Outlay 525,589 580,589 (55,000) -9.47% Scholarships & Waivers 1,120,000 1,120,000 - 0.00% Other 1,964,730 1,964,730 - 0.00% 73,890,770 74,789,574 (898,804) -1.20%
INTERFUND TRANSFERS 2,950,000 1,025,000 1,925,000 187.80%
TOTAL 2017 BUDGETED EXPENDITURES 76,840,770 75,814,574 1,026,196 1.35%
17
Illinois Central College District 514Combined Budget Statement
Operating Funds
2016 2017 Unaudited 2015
Budget Budget Actual ActualREVENUES Local governmental sources taxes Local real estate taxes 25,241,202 22,753,266 22,763,954 22,721,143 Personal property replacement 3,175,000 3,175,000 2,882,016 3,148,066
28,416,202 25,928,266 25,645,970 25,869,209 Intermediate sources Tuition & fees 24,701,392 24,733,787 24,697,457 23,759,642
State governmental sources State apportionment Credit hour grant 3,937,500 5,250,000 1,384,736 5,243,865 Equalization grant 50,000 50,000 50,000 806,639 Other ICCB grants - 84,400 - - SURS On-behalf-of Payments 15,000,000 12,900,000 15,000,000 15,036,143 Board of Vocational & Tech. Educ. 401,266 401,266 - 418,530
19,388,766 18,685,666 16,434,736 21,505,177
Facilities rental 485,000 485,000 493,013 - Interest on investments 185,000 185,000 125,610 96,698 Day Care/Dental Hygiene 250,000 250,000 202,175 - Department of Education 148,130 148,130 16,028 - Other 515,000 515,000 127,939 888,977
Total Revenues 74,089,491 70,930,849 67,742,928 72,119,703
EXPENDITURES Instruction 26,098,755 26,179,596 25,135,233 25,338,383 Academic Support 2,892,700 2,967,049 2,728,163 2,500,598 Student Services 2,893,108 2,915,767 2,510,378 2,781,221 Public Services 338,986 400,077 359,111 328,154 Facilities Services 8,119,171 8,228,672 7,719,537 8,961,511 Institutional Support 32,428,050 30,008,520 30,955,466 31,145,886 Student Aid 1,120,000 1,080,000 1,029,564 947,096 Budgeted Unexpended Appropriations (850,000) (850,000) - -
Total Expenditures 73,040,770 70,929,681 70,437,452 72,002,849
Operating income (loss) 1,048,721 1,168 (2,694,524) 116,854
Bond Proceeds - - - - Transfers (2,950,000) (1,075,000) (1,049,383) (4,064,575)
Net (decrease) in fund balance (1,901,279) (1,073,832) (3,743,907) (3,947,721)
Fund Balance, Beginning 19,837,045 23,819,348 23,580,952 27,528,673
Fund Balance, Ending 17,935,766 22,745,516 19,837,045 23,580,952
18
Fin
anci
al a
nd
In
stit
uti
onal
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sure
s
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ual 2
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udit
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016
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udge
t 201
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t30
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30
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34
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34
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otal
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23,5
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dati
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et A
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Per
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45.3
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C46
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illa
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t26
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%
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otal
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s34
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Not
e: U
nit C
ost i
s ca
lcul
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by
divi
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al O
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endi
ture
s (l
ess
SU
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beha
lf-o
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) by
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al C
redi
t Hou
rs.
Illi
noi
s C
entr
al C
olle
ge D
istr
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Com
bin
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ud
get
Sta
tem
ent
Op
erat
ing
Fu
nd
s -
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end
itu
res
Var
ian
ces
By
Un
it C
ost
20
$0$50
$100
$150
$200
$250
$300
$350
$400
2010
2011
2012
2013
2014
2015
Una
udite
d20
16B
udge
ted
2017
Pla
n20
18P
lan
2019
Illi
noi
s C
entr
al C
olle
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t co
mp
ared
to
HE
PI
HE
PI
ICC
Uni
t Cos
t
21
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35.1
%
0.0%
10.0
%
20.0
%
30.0
%
40.0
%
50.0
%
60.0
%
2015
Pro
ject
ed 2
016
Bud
get 2
017
Pla
n 20
18P
lan
2019
Fund Balance Percentage
Fis
cal Y
ear
Illi
noi
s C
entr
al C
olle
geF
und
Bal
ance
Ana
lysi
s
Ope
rati
ng F
und
Bal
ance
Tar
gete
d M
inim
um F
und
Bal
ance
Tar
gete
d M
axim
um F
und
Bal
ance
22
Ope
rati
ng F
unds
$59.
1 63
%
O&
M R
estr
icte
d$4
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peci
al R
even
ue F
unds
$17.
1 18
%
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t Ser
vice
$5.9
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ilia
ry
Ser
vice
s$7
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8%
Su
mm
ary
of R
even
ues
-A
ll F
un
ds
Not
e: O
pera
ting
Fun
ds d
oes
not i
nclu
de S
UR
S O
n-be
half
-of
Pay
men
ts
23
Pro
pert
y T
axes
$34.
5 37
%
ICC
B
Gra
nts
$4.3
5%Oth
er S
tate
Fu
ndin
g$4
.9
5%
Fed
eral
Fun
ding
$14.
6 16
%
Tui
tion
$24.
7 26
%
Aux
ilia
ry S
ervi
ces
$7.6
8%
Oth
er
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Sum
mar
y of
Tot
al R
even
ues
-B
y So
urce
Not
e: O
ther
Stat
e F
undi
ng d
oes
not i
nclu
de S
UR
S O
n-be
half
-of
Pay
men
ts
24
Pro
pert
y T
axes
$25.
2 43
%
ICC
B G
rant
s$4
.0
7%
Oth
er S
tate
Fun
ding
$3.6
6%
Tui
tion
$24.
7 42
%
Oth
er
$1.6
2%
Illi
noi
s C
entr
al C
olle
ge20
17 O
per
atin
g R
even
ues
-B
y S
ourc
e
In M
illi
ons
Not
e: O
ther
Sta
te F
undi
ng d
oes
not i
nclu
de S
UR
S O
n-be
half
-of
Pay
men
ts
25
Illi
noi
s C
entr
al C
olle
ge D
istr
ict
514
Com
bin
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ud
get
Sta
tem
ent
Op
erat
ing
Fu
nd
s -
Rev
enu
e V
aria
nce
s
B
udge
t to
20
16B
udge
t to
2017
2016
Bud
get
Una
udit
edA
ctua
lB
udge
tB
udge
tV
aria
nce
Per
cent
Act
ual
Var
ianc
eP
erce
nt
Rev
enue
s L
ocal
gov
ernm
enta
l sou
rces
taxe
s
Loc
al r
eal e
stat
e ta
xes
25,2
41,2
02$
22
,753
,266
$
2,48
7,93
6$
10
.9%
22,7
63,9
54$
2,
477,
248
$
10.9
%
Per
sona
l pro
pert
y re
plac
emen
t3,
175,
000
3,17
5,00
0
-
-
2,
882,
016
292,
984
10
.2%
28
,416
,202
25,9
28,2
66
2,
487,
936
9.6%
25,6
45,9
70
2,
770,
232
10.8
% I
nter
med
iate
sou
rces
Tui
tion
and
fee
s24
,701
,392
24,7
33,7
87
(3
2,39
5)
-0.1
%24
,697
,457
3,93
5
0.0%
24
,701
,392
24,7
33,7
87
(3
2,39
5)
-0.1
%24
,697
,457
3,93
5
0.0%
Sta
te g
over
nmen
tal s
ourc
es
S
tate
app
orti
onm
ent
Cre
dit h
our
gran
t3,
937,
500
5,25
0,00
0
(1
,312
,500
)
-2
5.0%
1,38
4,73
6
2,
552,
764
184.
4%
E
qual
izat
ion
gran
t50
,000
50,0
00
-
0.
0%50
,000
-
-
Vet
eran
s' gr
ant
-
84,4
00
(8
4,40
0)
-100
.0%
-
-
-
SUR
S O
n-be
half
-of
Pay
men
ts15
,000
,000
12,9
00,0
00
2,
100,
000
16.3
%15
,000
,000
-
-
Boa
rd o
f V
ocat
iona
l and
Tec
h. E
duc.
401,
266
40
1,26
6
-
-
-
401,
266
-
19,3
88,7
66
18
,685
,666
703,
100
3.
8%16
,434
,736
2,95
4,03
0
18
.0%
F
acil
itie
s re
ntal
485,
000
48
5,00
0
-
-
493,
013
(8
,013
)
-1
.6%
Int
eres
t on
inve
stm
ents
185,
000
18
5,00
0
-
-
125,
610
59
,390
47.3
% D
ay C
are/
Den
tal H
ygie
ne25
0,00
0
250,
000
-
-
20
2,17
5
47,8
25
23
.7%
Dep
artm
ent o
f E
duca
tion
148,
130
14
8,13
0
-
-
16,0
28
13
2,10
2
824.
2% N
ongo
vern
men
tal G
rant
s27
0,00
0
270,
000
-
--
27
0,00
0
-
Oth
er24
5,00
0
245,
000
-
-
12
7,93
9
117,
061
91
.5%
T
otal
Rev
enue
s74
,089
,491
$
70,9
30,8
49$
3,
158,
642
$
4.5%
67,7
42,9
28$
6,
346,
563
$
9.4%
26
$-
$3
$5
$8
$10
$13
$15
$18
$20
$23
$25
$28
$30
Millions
Illi
noi
s C
entr
al C
olle
geO
per
atin
g R
even
ues
-T
ren
d A
nal
ysis
2015
Act
ual
2016
Una
udit
ed20
17 B
udge
t20
18 P
lan
2019
Pla
n
27
$0
$5,0
00,0
00
$10,
000,
000
$15,
000,
000
$20,
000,
000
$25,
000,
000
$30,
000,
000
Act
ual
Act
ual
Act
ual
Act
ual
Act
ual
Act
ual
Un
aud
ited
Bu
dge
tP
lan
Pla
n
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Revenue
Fis
cal Y
ear
Illin
ois
Cen
tral
Col
lege
Rev
enu
e T
ren
d F
orec
ast
Aux
ilia
ry R
even
ueS
tate
App
orti
onm
ent
Stu
dent
Tui
tion
& F
ees
Rea
l Est
ate
Tax
es
$16.
1 M
$14.
3 M
$20.
7M
28
Illinois Central CollegeTax Levy Analysis
2017 Budget
FY 2017 FY 2016 Variance2015 Extension 2014 Extension Dollar Percent
Tax ExtensionsOperating
Education Fund 13,967,875$ 13,590,883$ 376,992$ 2.8%Operations & Maintenance 3,495,485 3,401,142 94,343 2.8%Educational Purposes 3,235,258 1,231,802 2,003,456 162.6%
Total Operating Funds 20,698,618 18,223,827 2,474,791 13.6%
AncillaryTort Liability 4,205,835 4,181,284 24,551 0.6%Workers' Compensation 478,256 479,034 (778) -0.2%Unemployment Compensation 49,232 41,060 8,172 19.9%Audit 125,894 150,554 (24,660) -16.4%
Total Ancillary 4,859,217 4,851,932 7,285 0.2%
Life Safety 3,495,485 3,401,142 94,343 2.8%
Funding Bonds 5,682,801 5,399,399 283,402 5.2%
Prior Year Adjustment - - - N/A
Total 34,736,122$ 31,876,300$ 2,859,822$ 9.0%
Assessed Valuation 7,033,169,721$ 6,844,886,196$ 188,283,525$ 2.8%
Tax RatesOperating
Education Fund 0.1986 0.1986 - 0.0%Operations & Maintenance 0.0497 0.0497 - 0.0%Educational Purposes 0.0460 0.0180 0.0280 155.6%
Total Operating Funds 0.2943 0.2663 0.0280 10.5%
AncillaryTort Liability 0.0598 0.0611 (0.0013) -2.1%Workers' Compensation 0.0068 0.0070 (0.0002) -2.9%Unemployment Compensation 0.0007 0.0006 0.0001 16.7%Audit 0.0018 0.0022 (0.0004) -18.6%
Total Ancillary 0.0691 0.0709 (0.0018) -2.6%
Life Safety 0.0497 0.0497 - 0.0%
Funding Bonds 0.0808 0.0789 0.0019 2.4%
Total 0.4939 0.4658 0.0281 6.0%
* Normal Collection Loss Percentage of .75%
29
Ope
ratin
g Fu
nds
29.4
3 60
%T
ort L
iabi
lity
6.91
14
%
Lif
e Sa
fety
4.97
10
%
Fund
ing
Bon
ds8.
08
16%
Pro
per
ty T
ax R
ates
Tax
Rat
e -
49.3
9 C
ents
30
Peo
ria
$3,3
66.8
48
%
Bur
eau
$19.
0
Liv
ings
ton
$41.
4
Log
an$7
.9
Mar
shal
l$1
84.3
Mas
on$4
8.9
McL
ean
$8.7
Sta
rk$2
8.2
Taz
ewel
l$2
,467
.9
35%
Woo
dfor
d$8
60.1
12
%
2015
Equ
aliz
ed A
sses
sed
Val
uat
ion
2017
Bu
dget
In M
illi
ons
31
Illi
noi
s C
entr
al C
olle
geT
uit
ion
For
ecas
t20
17 B
ud
get
Act
ual
201
5U
nau
dit
ed 2
016
Bu
dge
t 20
17P
lan
201
8P
lan
201
9
Tui
tion
& F
ee R
even
ue
$23,
759,
642
$2
4,69
7,45
7
$24,
701,
392
$26,
426,
279
$26,
109,
372
T
uiti
on R
ate
$1
25
$135
$1
40$1
48$1
54
Tot
al C
redi
t Hou
rs
-
Cen
sus
18
8,71
0
179,
636
16
8,85
817
1,39
117
3,96
2
- IC
CB
Cer
tifi
ed
180,
193
17
1,55
2
162,
104
164,
535
167,
003
-
Cre
dit H
our
Ret
enti
on
95.5
%
95.5
%
96.0
%96
.0%
96.0
%
to
Mid
term
%
Cha
nge
In C
redi
t Hou
rs
F
rom
Pri
or Y
ear
- C
ensu
s
-6.1
%
-4.8
%
-6.0
%1.
5%1.
5%
Stu
dent
Hea
dcou
nt
-
Fal
l Sem
este
r -
Cen
sus
10
,631
10
,418
9,
793
9,89
19,
990
%
Cha
nge
in H
eadc
ount
Fro
m P
rior
Yea
r
-1.0
%
-2.0
%
-6.0
%1.
0%1.
0%
Tu
itio
n R
even
ue
Imp
act
Rat
e In
crea
se8.
6%8.
1%4.
1%5.
5%4.
2%C
redi
t Hou
r C
hang
e-6
.1%
-4.8
%-6
.0%
1.5%
1.5%
Tot
al P
erce
ntag
e In
crea
se2.
5%3.
3%-1
.9%
7.0%
5.7%
Not
e: T
uiti
on in
crea
sed
to $
140/
cred
it h
our
effe
ctiv
e F
all S
emes
ter
2016
(F
isca
l Yea
r 20
17).
T
uiti
on is
pro
ject
ed to
incr
ease
to $
148/
cred
it h
our
effe
ctiv
e F
all S
emes
ter
2017
(F
isca
l Yea
r 20
18)
- S
ubje
ct to
cha
nge
base
d on
oth
er p
rim
ary
fund
ing.
32
0%2%4%6%8%10%
12%
14%
16%
18%
20%
$-
$20
$40
$60
$80
$10
0
$12
0
$14
0
$16
0
$18
0
2010
2011
2012
2013
2014
2015
2016
Una
udit
ed20
17B
udge
t20
18P
lan
2019
Pla
n
Illi
noi
s C
entr
al C
olle
geT
uit
ion
per
Cre
dit
Hou
rT
uit
ion
Rat
e%
Sup
por
t fr
om S
tate
Tu
itio
n w
ould
be $
79 p
er c
red
it h
our
wit
h m
ain
tain
edsu
ppor
t fr
om t
he
Stat
e
% S
tate
Sup
port
Tui
tion
at 3
% g
row
th
33
$82
$115
$140
$154
$0$20
$40
$60
$80
$100
$120
$140
$160
$180
0
50,0
00
100,
000
150,
000
200,
000
250,
000
300,
000
Cre
dit H
our
ICC
Tui
tion
Rat
e
Illin
ois
Cen
tral
Col
lege
Tot
al C
red
it H
ours
an
d T
uit
ion
Rat
e T
ren
d
34
Illinois Central College ICCB Funding 2017Budget 2016 - 2017
Fiscal Year Fiscal Year Increase /
2016 - 2017 2015 - 2016 (Decrease) Percent
Base Operating GrantsCredit Hour Grant 3,937,500 5,250,000 (1,312,500) -25.0%
Equalization 50,000 50,000 - 0.0%
Student Success GrantsEmerging Leaders - - - 0.0%Veteran's Grant - 84,400 (84,400) N/A
- 84,400 (84,400) -100.0%
3,987,500 5,384,400 (1,396,900) -25.9%
35
ICC
B G
ran
t F
un
din
g A
nal
ysis
Rev
enue
by
Fun
d Su
mm
ary
Fis
cal Y
ear
Fis
cal Y
ear
Incr
ease
/20
16 -
201
720
15 -
201
6(D
ecre
ase)
Per
cen
t
Edu
cati
onal
Fun
d2,
990,
625
4,
059,
400
(1,0
68,7
75)
-26.
3%
Ope
rati
ons
& M
aint
enan
ce99
6,87
5
1,
325,
000
(328
,125
)
-24.
8% T
otal
Ope
rati
ng F
unds
3,98
7,50
0
5,38
4,40
0
(1
,396
,900
)
-2
5.9%
Res
tric
ted
Fun
ds-
-
-
-100
.0%
3,98
7,50
0
5,38
4,40
0
(1
,396
,900
)
-2
5.9%
N
ote
- T
he C
redi
t Hou
r G
rant
and
Equ
aliz
atio
n G
rant
is a
lloc
ated
to o
pera
ting
fun
ds o
n a
75/2
5 ba
sis.
R
eim
bu
rsab
le C
red
it H
ours
Cre
dit
Hou
r G
ran
t R
ate
2014
- 2
015
2013
- 2
014
Ch
ange
2016
-201
720
15-2
016
Ch
ange
Bac
cala
urea
te
121,
702
127,
651
-4.9
%21
.34
22.4
6
-5
.0%
Bus
ines
s O
ccup
atio
nal
6,68
98,
104
-21.
2%30
.64
32.2
5
-5
.0%
Tec
hnic
al O
ccup
atio
nal
16,2
8917
,533
-7.6
%31
.58
33.2
4
-5
.0%
Hea
lth
Occ
upat
iona
l 14
,459
14,7
33-1
.9%
51.5
3
54
.24
-5.0
%R
emed
ial /
Dev
elop
men
tal
11,1
5513
,370
-19.
9%9.
46
9.96
-5
.0%
AB
E/G
ED
/ES
L48
637
822
.2%
62.6
9
65
.99
-5.0
%17
0,78
018
1,76
9-6
.4%
30.6
8
*
32.2
9
-5.0
%
* C
redi
t Hou
r G
rant
Rat
e in
form
atio
n is
not
cur
rent
ly a
vail
able
, so
assu
med
a 5
% r
educ
tion
fro
m p
revi
ous
year
.
36
$-
$1
$2
$3
$4
$5
$6
$7
$8
$9
$10
2009
- 1
020
10 -
11
2011
- 1
220
12 -
13
2013
- 1
420
14 -
15
2015
- 1
620
16 -
17
2017
- 1
820
18 -
19
Act
ual
Act
ual
Act
ual
Act
ual
Act
ual
Act
ual
Proj
ecte
dB
udge
tPl
anPl
an
MillionsIC
CB
Fu
nd
ing
Tre
nd
Cre
dit H
our
Gra
ntE
qual
izat
ion
Em
ergi
ng L
eade
rsO
ther
37
Ope
rati
ng$5
8.0
51%
Res
tric
ted
$17.
9 16
%
Deb
t Ser
vice
$5.7
5%
O &
M
Res
tric
ted
$23.
7 21
%A
uxil
iary
$7.9
7%
Su
mm
ary
of E
xpen
dit
ure
s -A
ll F
un
ds
In M
illi
ons
Not
e: O
pera
ting
Exp
endi
ture
s do
es n
ot in
clud
e S
UR
S O
n-be
half
-of
Pay
men
ts
38
Illi
noi
s C
entr
al C
olle
ge D
istr
ict
514
Com
bin
ed B
ud
get
Sta
tem
ent
Op
erat
ing
Fu
nd
s -
Exp
end
itu
res
Var
ian
ces
Bu
dge
t to
20
16B
ud
get
to
2017
2016
Bu
dge
tE
xpen
dit
ure
sA
ctu
alB
ud
get
Bu
dge
tV
aria
nce
Per
cen
tU
nau
dit
edV
aria
nce
Per
cen
t
Exp
end
itu
res
by
Ob
ject
Sal
arie
s36
,915
,230
37
,077
,394
(1
62,1
64)
-0
.4%
35,0
41,9
68
1,87
3,26
2
5.
3% E
mpl
oyee
Ben
efit
s *
22,6
48,6
45
22,7
38,2
52
(89,
607)
-0
.4%
23,3
87,8
13
(739
,168
)
-3.2
% C
ontr
actu
al S
ervi
ces
2,23
0,68
1
2,
239,
930
(9,2
49)
-0.4
%1,
788,
799
441,
882
24
.7%
Gen
eral
Mat
eria
ls &
Sup
plie
s3,
412,
255
3,44
8,91
6
(3
6,66
1)
-1.1
%2,
723,
180
689,
075
25
.3%
Con
fere
nces
& M
eeti
ngs
435,
548
45
1,09
2
(15,
544)
-3
.4%
259,
859
17
5,68
9
67.6
% F
ixed
Cha
rges
2,62
2,92
8
2,
726,
665
(103
,737
)
-3.8
%2,
327,
254
295,
674
12
.7%
Uti
liti
es2,
015,
164
1,93
2,98
0
82
,184
4.3%
1,67
1,08
8
34
4,07
6
20.6
% C
apit
al O
utla
y52
5,58
9
272,
500
25
3,08
9
92.9
%22
8,40
5
297,
184
13
0.1%
Sch
olar
ship
s &
Wai
vers
1,12
0,00
0
1,
080,
000
40,0
00
3.
7%1,
029,
564
90,4
36
8.
8% O
ther
1,96
4,73
0
1,
911,
952
52,7
78
2.
8%1,
979,
522
(14,
792)
-0
.7%
Bud
gete
d U
nexp
ende
d A
ppro
pria
tion
s(8
50,0
00)
(850
,000
)
-
0.
0%-
(8
50,0
00)
N
/A
T
otal
Exp
endi
ture
s
73,0
40,7
70
73,0
29,6
81
11,0
89
0.
0%70
,437
,452
2,
603,
318
3.7%
Exp
end
itu
res
by
Fu
nd
Edu
cati
on60
,622
,257
60
,540
,362
81
,895
0.1%
58,6
26,4
62
1,99
5,79
5
3.
4% O
pera
tion
s &
Mai
nten
anc e
7,91
9,17
1
8,02
8,67
2
(109
,501
)
-1
.4%
7,71
9,35
5
199,
816
2.6%
Anc
illa
ry /
Tor
t4,
499,
342
4,46
0,64
7
38
,695
0.9%
4,09
1,63
5
40
7,70
7
10.0
%
T
otal
Exp
endi
ture
s
73,0
40,7
70
73,0
29,6
81
11,0
89
0.
0%70
,437
,452
2,
603,
318
3.7%
* N
ote:
201
6 B
udge
t is
adju
sted
for
SU
RS
On-
beha
lf-o
f P
aym
ents
.
39
63%
13%
4%
6%
1%
4%
3%
1%
2%3%
Exp
endi
ture
s b
y O
bje
ct
Sala
ries
Em
plo
yee
Ben
efit
sC
ontr
actu
al S
ervi
ces
Gen
. Mat
eria
ls &
Su
pp
lies
Con
fere
nce
s &
Mee
tin
gsF
ixed
Ch
arge
sU
tili
ties
Cap
ital
Ou
tlay
Sch
olar
ship
s &
Wai
vers
Oth
er
2017
Ope
rati
ng B
udg
et
Not
e:E
mpl
oyee
Ben
efit
s do
es n
ot in
clud
e S
UR
S O
n-be
half
-of
Pay
men
ts
40
Adm
inis
trat
ion
4%
Aux
ilia
ry S
ervi
ces
2%
Fin
anci
al S
ervi
ces
11%
Fac
ilit
y S
ervi
ces
15%
Em
ploy
ee S
ervi
ces
4%
Dir
ect I
nstr
ucti
on48
%
Tec
hnol
ogy
Ser
vice
s8%
Stu
dent
Ser
vice
s8%
Exp
end
itu
res
by
Col
lege
Sys
tem
Not
e: F
inan
cial
Ser
vice
s do
es n
ot in
clud
e S
UR
S O
n-be
half
-of
Pay
men
ts
41
Illi
noi
s C
entr
al C
olle
geS
ched
ule
of
Deb
t S
ervi
ce P
aym
ents
Pri
nci
pal
an
d I
nte
rest
Lev
y Y
ear
2015
2016
2017
2018
2019
2020
FY
16-
17F
Y 1
7-18
FY
18-
19F
Y 1
9-20
FY
20-
21F
Y 2
1-22
FB
200
5 -
$5.9
M-
-
-
-
-
-
FB
200
9 -
$33.
0 M
4,
357,
212
4,
403,
250
2,
351,
750
-
-
-
FB
201
4 -
$20.
0 M
1,08
6,49
6
1,08
6,49
6
3,19
7,37
1
5,59
9,74
6
5,66
0,12
1
5,71
4,99
6
FB
201
6 -
$5.0
M
227,
493
179,
600
179,
600
17
9,60
0
17
9,60
0
17
9,60
0
To
tal D
ebt P
aym
ents
5,67
1,20
1
5,66
9,34
6
5,72
8,72
1
5,77
9,34
6
5,83
9,72
1
5,89
4,59
6
FB
200
5 -
$5.9
M-
-
-
-
-
-
FB
200
9 -
$33.
0 M
3,
965,
000
4,
200,
000
2,
300,
000
-
-
-
FB
201
4 -
$20.
0 M
-
-
2,16
5,00
0
4,74
0,00
0
5,04
5,00
0
5,36
0,00
0
FB
201
6 -
$5.0
M *
*
-
-
-
-
-
-
To
tal D
ebt P
a ym
ents
3,96
5,00
0
4,20
0,00
0
4,46
5,00
0
4,74
0,00
0
5,04
5,00
0
5,36
0,00
0
Sch
edu
le o
f O
uts
tan
din
g D
ebt
Pri
nci
pal
On
ly
42
Illi
noi
s C
entr
al C
olle
geC
apit
al E
xpen
dit
ure
s b
y F
un
d a
nd
Fu
nd
ing
Sou
rce
O &
ME
duca
tion
O &
MR
estr
icte
dR
estr
icte
dA
uxil
iary
Anc
illa
ryF
und
Fun
dF
und
Fun
dF
und
Fun
dT
otal
s
Res
tric
ted
Fun
ds-
-
-
11
0,00
0
-
-
110,
000
Fou
ndat
ion
-
-
89
0,00
0
-
-
-
89
0,00
0
Bon
d P
roce
eds
-
-
12
,640
,000
-
-
-
12
,640
,000
Lif
e S
afet
y-
-
3,56
5,89
2
-
-
-
3,56
5,89
2
Ope
rati
ng B
udge
t41
7,08
9
78
,500
-
-
-
30,0
00
52
5,58
9
CD
B F
undi
ng-
-
-
-
-
-
-
Ope
rati
ng T
rans
fers
/ O
ther
-
-
6,
631,
158
-
-
-
6,
631,
158
Tot
als
417,
089
78,5
00
23
,727
,050
11
0,00
0
-
30
,000
24,3
62,6
39
43
Illinois Central CollegeCapital Projects Summary
Expenditure Detail2016 - 2017 Budget
Project Description Totals
General Building & Remodeling ProjectsMiscellaneous Projects 200,000
200,000
Life Safety Projects - 2017 East Peoria Campus
Roof Replacement Main Campus Phase 5 483,400 Academic Building HVAC Replacement 1,597,000 Academic Building ADA Restroom Remodel 296,874 Science Lab Renovation Phase 10 262,618 Greenhouse Repair 75,000 Dynamometer Relocation 50,000
North CampusGenerator Phase 2 726,000
3,490,892
Life Safety Projects - Carryover East Peoria Campus
Academic Building ADA Restroom Remodel 75,000 75,000
2017 Bond Projects, including Foundation and Local SupportEast Peoria Campus
Sustainability Center 1,340,000 North Campus
Arbor South Dental 2,568,500 Cedar/Birch Hall Renovation 11,638,436 Elm Hall - Student Center 4,414,222
19,961,158
Total Expenditures 23,727,050
44
Illi
noi
s C
entr
al C
olle
geM
ajor
Pro
ject
Su
mm
ary
Pro
ject
ed C
osts
Pro
ject
Des
crip
tion
Tot
al B
udge
tC
umul
ativ
e E
xpen
ditu
res
FY
17
FY
18
FY
19
Nor
th C
amp
us
Tra
nsi
tion
Pro
ject
s
Arb
or S
outh
Den
tal H
ygie
ne2,
800,
000
$
231,
500
$
2,
568,
500
$
-$
-
$
Nor
th S
tude
nt C
ente
r13
,500
,000
9,08
5,77
8
4,
414,
222
-
-
Ced
ar/B
irch
Ren
ovat
ion
17,2
75,0
00
3,
136,
564
11,6
38,4
36
2,50
0,00
0
-
33,5
75,0
00
12
,453
,842
18
,621
,158
2,
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urre
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45
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noi
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46
Illi
noi
s C
entr
al C
olle
geS
alar
y B
reak
dow
n20
16-2
017
Bu
dge
t
2017
Bud
get
2016
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G
roup
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tion
Hea
dcou
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lary
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Fac
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Fac
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Fac
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ime
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78
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9
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785,
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rica
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Cla
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art T
ime
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32
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lass
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k S
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34
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R
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450,
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S
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taff
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art T
ime
54
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36,9
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Tec
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2016
- 2
017
Sta
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ligh
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and
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T p
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T p
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udge
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uded
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of th
e P
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ow c
all)
.
47
86%
10%
4%
Illi
noi
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entr
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olle
geS
alar
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by
Op
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Fu
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e
Edu
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M F
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48
9%13
%
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Illi
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acul
ty
49
66%
5%4%1%
24%
FY
16 U
nau
dit
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ealt
h C
are
Cos
ts
Med
ical
Sto
p L
oss
Den
tal
Vis
ion
Pai
d P
resc
ript
ions
50
Illi
noi
s C
entr
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ge T
otal
Hea
lth
Car
e C
osts
$0
$1,0
00,0
00
$2,0
00,0
00
$3,0
00,0
00
$4,0
00,0
00
$5,0
00,0
00
$6,0
00,0
00
$7,0
00,0
00
$8,0
00,0
00
$9,0
00,0
00
FY
06F
Y07
FY
08F
Y09
FY
10F
Y11
FY
12F
Y13
FY
14F
Y15
FY
16
Bu
dge
t Yea
rs
Tot
al H
ealt
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are
Cos
t C
ompa
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n
$0
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00
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000
FY
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FY
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Y11
FY
12F
Y13
FY
14F
Y15
FY
16
Cos
t P
er C
apit
a
51
Illinois Central College Health Plan Costs
$0
$100,000
$200,000
$300,000
$400,000
$500,000
FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16
Stop Loss Cost
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16
Medical Claim Cost
$330,000
$340,000
$350,000
$360,000
$370,000
$380,000
$390,000
$400,000
FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16
Dental Claim Cost
$0$10,000$20,000$30,000$40,000$50,000$60,000$70,000$80,000
FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16
Vision Claim Cost
52
Med
ian
Ded
uct
ible
In-N
etw
ork
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gle/
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ily)
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/ $5
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,500
/$3,
000
$500
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200
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00/$
3,00
0$5
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1,20
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000
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ms
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000
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00 /
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00/$
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00$5
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00/$
6,00
0
Off
ice
Vis
it C
opay
In-N
etw
ork
10%
aft
er d
educ
tibl
e$2
5 / $
50$2
5 / $
40$2
5 / $
50$2
0 / $
40$2
0
O
ut-o
f-N
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ork
10%
aft
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%40
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%
ER
Cop
ay$0
$150
$125
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$100
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nsu
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ce
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ork
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n P
ays/
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ploy
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ays)
90%
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%80
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% /
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ut-o
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ork
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n P
ays/
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ploy
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ays)
50%
/ 50
%60
% /
40%
60%
/ 40
%60
% /
40%
60%
/ 40
%60
% /
40%
Rx
Cop
ays
Mon
thly
Em
plo
yee
Con
trib
uti
ons
Sin
gle
$46
(204
)$1
79$1
26$1
77$1
11$8
9
Fam
ily
$105
(37
4)$5
94$4
41$5
87$3
83$3
34
Med
ical
& R
X C
ost P
er E
mpl
oyee
$12,
930
$9,8
99$1
1,12
1$1
0,66
4$1
0,94
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Tot
al M
edic
al &
RX
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ts*
$7,5
76,9
86$5
,800
,814
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16,9
06$6
,249
,104
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26-
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all E
mp
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yer
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ion
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mp
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est
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rage
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rage
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rage
Ave
rage
Med
ian
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ible
Per
Ind
ivid
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$0$5
0$5
0$5
0$5
0$5
0
Max
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m A
nn
ual
Ben
efit
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Ind
ivid
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$1,2
00$1
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axim
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it
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00$1
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00
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n D
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ent f
or fu
ll d
etai
ls.
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ased
on
ICC
's a
vg. e
mpl
oyee
enr
ollm
ent c
ount
of 5
86
Pla
n de
sign
info
rmat
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base
d on
the
2014
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Nat
iona
l Sur
vey
of E
mpl
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nsor
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Hig
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Illi
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Hig
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rage
$10
/ $30
/ $5
0
DE
NT
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tral
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rand
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$50/
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0 / $
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$100
$10
/ $30
/ $5
0/$1
00$1
0 / $
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$100
Cot
tingh
am &
But
ler,
Inc.
- C
onfid
entia
l and
Pro
prie
tary
53
-
100
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200
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300
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400
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500
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600
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700
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800
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Exp
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Unu
audi
ted
2016
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get 2
017
54
Illi
noi
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um
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Fu
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in F
un
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Per
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En
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Ju
ne
30, 2
017
Tot
als
Aff
irm
ativ
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lic
Ris
kU
nem
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ymen
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nau
dit
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iver
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omp
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16 R
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pert
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axes
58
4,40
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1,
627,
974
$
1,
961,
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$
48,8
63$
47
4,66
9$
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697,
823
$
4,66
8,30
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Oth
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4,87
2
146,
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1,60
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546,
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mpl
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195
601,
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964,
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1,
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00
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305,
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ater
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87
41
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27
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-
136,
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7,88
3
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0
2,25
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-
20,5
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Fix
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75
0
92
0,16
6
60,0
00
44
5,00
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1,15
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itu
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orP
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ps
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ud
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4,73
8,71
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65
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$
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10
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$
320,
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$
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7,34
9,64
6$
6,
733,
345
$
O
ther
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enue
-
-
-
1,
875
31
2
4,50
0
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6,40
8
12
3,58
2
Exp
end
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res
Sal
arie
s44
1,83
6
582,
846
-
16
7,56
1
46
2,27
5
151,
114
20
6,74
1
51
6,84
5
2,
529,
218
2,25
1,22
2
Em
ploy
ee B
enef
its
90,2
08
49,1
17
-
27,5
67
78
,344
41,4
70
17
,449
79,0
81
38
3,23
6
368,
106
Con
trac
tual
Ser
vice
s17
,726
16
,610
-
43
,000
73,3
74
27
,450
52,1
60
138,
676
368,
996
33
1,98
9
M
ater
ials
& S
uppl
ies
3,32
2,40
0
43
6,97
0
-
54,3
16
64
,623
24,6
92
22
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87
,796
4,01
2,89
7
3,
783,
843
C
onfe
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es &
Mee
ting
s2,
665
765
1,70
0
135,
535
12
9,60
2
76
5
6,
479
27
7,51
1
257,
633
Fix
ed C
harg
es73
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59
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250
-
-
-
69,0
00
20
2,80
0
156,
526
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liti
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1,
176
-
-
720
-
-
-
1,
896
-
C
apit
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utla
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-
-
-
-
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25,9
68
Oth
er40
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24
,501
-
60
0
-
10
,793
4,20
0
7,97
3
88,1
67
83,7
02
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ffs
-
-
-
-
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7,
683
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al3,
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713
1,17
1,75
7
-
29
4,99
4
81
4,87
1
385,
121
30
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5
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5,85
0
7,
864,
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7,26
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nt
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h F
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und
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imat
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vest
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tran
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toop
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ions
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an a
nnua
l bas
is.
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cati
on F
und
Res
tric
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pose
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und
$425
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Tra
nsfe
r fr
om E
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tion
Fun
d to
Res
tric
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Fun
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ort t
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of
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ndat
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und
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rans
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om O
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und
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itio
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ill b
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ed to
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Mai
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d.
57