South Texas College Budget - PDF Free Download

Budget Fiscal Year 2008-2009 Hidalgo County and Starr County, Texas www.southtexascollege.edu

Budget For The Fiscal Year Ending August 31, 2009 TABLE OF CONTENTS INTRODUCTORY SECTION Board of Trustees... 1 Comprehensive Mission: Vision, Purpose, Core Values, Guiding Principles & Strategic Directions... 2 Fact Sheet 2008-2009... 3 Programs of Study 2008-2009... 4 Summary of Fall Semester Headcount, Unduplicated Annual Headcount and Annual Full Time Equivalent (FTE)... 5 Summary of Revenues and Expenditures, Transfers and Contingencies by Fund Current and Plant Funds... 6 UNRESTRICTED FUND REVENUES Pie Chart - By Source... 8 Pie Chart By Source - Comparison of Previous Fiscal Year with Fiscal Year Ending August 31, 2009... 9 Summary of Revenues - Budget and Actual Comparison of Previous Fiscal Years with Fiscal Year Ending August 31, 2009... 10-11 UNRESTRICTED FUND EXPENDITURES Pie Chart - By Function (Without Transfers and Contingencies)... 14 Pie Chart - By Function - Comparison of Previous Fiscal Year with Fiscal Year Ending August 31, 2009... 15 Pie Chart - By Classification (Without Transfers and Contingencies)... 16 Pie Chart By Classification - Comparison of Previous Fiscal Year with Fiscal Year Ending August 31, 2009... 17 Summary of Expenditures by Function and Classification... 18-19 UNRESTRICTED FUND CAPITAL EXPENDITURES Summary of Capital Expenditures - By Function and Organization... 21

Budget For The Fiscal Year Ending August 31, 2009 TABLE OF CONTENTS (Continued) AUXILIARY FUND Summary of Revenues and Expenditures Budget and Actual Comparison of Previous Fiscal Years with Fiscal Year Ending August 31, 2009... 23-24 RESTRICTED FUND Summary of Revenues and Expenditures Budget and Actual Comparison of Previous Fiscal Years with Fiscal Year Ending August 31, 2009... 25-26 PLANT FUNDS Summary of Revenues and Expenditures Plant Funds... 27 Resolution Adopting the Budget of South Texas College for the Fiscal Year 2008-2009... 29-30

Budget Fiscal Year 2008-2009 BOARD OF TRUSTEES Mr. Manuel Benavidez, Jr. District 1 May 2006 - May 2012 Mrs. Irene Garcia District 2 May 2006 - May 2012 Mr. Michael Allen District 3 May 2004 - May 2010 Mr. Gary Gurwitz District 4 May 2004 - May 2010 Dr. Alejo Salinas, Jr. District 5 May 2008 - May 2014 Mr. Jesse Villarreal District 6 May 2006 - May 2012 Mr. Roy De Leon District 7 May 2008 - May 2014 Mr. Michael Allen Mr. Gary Gurwitz Mr. Manuel Benavidez, Jr. Chair Vice-Chair Secretary Dr. Shirley A. Reed President 1

The Vision, Purpose, Core Values, Guiding Principles, and Strategic Directions Constitute the Comprehensive Mission for South Texas College VISION A better quality of life for our communities. PURPOSE South Texas College is a world-class comprehensive institution of higher learning providing premier educational and workforce programs and services in response to the needs of the region. CORE Student Success Learning Excellence VALUES Integrity Community Opportunity GUIDING Be a premier learning-centered higher education institution where PRINCIPLES student and community success are paramount; Serve as the cornerstone for the economic vitality of South Texas; Foster an environment for the students and community to achieve a better quality of life; Nurture a culture where collaboration is valued and achievement is recognized. STRATEGIC South Texas College commits to student learning as the foundation DIRECTIONS of student success through excellence in teaching and service, faculty and staff empowerment, professional development, and accountability. South Texas College proudly provides opportunities to all students with high expectations for their success. South Texas College leads the transformation of the region to a college-going culture whereby attending and completing higher education is expected for all. South Texas College serves as the catalyst for regional economic prosperity and social mobility. South Texas College models professionalism through integrity, mutual respect, civility, trust, and collaboration. South Texas College champions a culture of excellence based on evidence. Approved by the Board of Trustees, September 13, 2007. 2

About South Texas College South Texas College is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools to award Bachelor of Applied Technology, Associate of Applied Science, Associate of Arts and Associate of Science degrees, and certificates. STC expects to begin the Fall 2008 semester with more than 20,000 students. A faculty and staff of more than 1,600 serve STC s five campuses. Associate Degrees and Certificates The college offers more than 100 degree and certificate program options, including associate degrees in a variety of art, science, technology and allied health fields of study. The college offers online associate degrees in Business Administration, Criminal Justice and Social Sciences, with Interdisciplinary Studies and an Associate of Arts in Teaching being added for Fall 2008. Bachelor of Applied Technology STC offers a Bachelor of Applied Technology (BAT) degree in Technology Management, as well as a Bachelor of Applied Technology in Computer and Information Technologies. The college is one of only three Texas community colleges accredited to offer a BAT degree and the only community college in Texas accredited to offer two bachelor s degrees. Dual Enrollment Opportunities STC offers dual enrollment programs with high schools throughout Hidalgo and Starr counties. The programs allow eligible students to take college courses while attending high school. More than 6,000 students are expected to enroll in the program during the Fall 2008 semester. STC has developed two intensive academic programs for students interested in pursuing degrees in the medical and engineering fields. The Dual Enrollment Medical Science Academy and the Dual Enrollment Engineering Academy consist of concentrated two-year programs of study and internship opportunities for qualified students to pursue an Associate of Science degree during their junior and senior years in high school. Business and Industry Training STC s Partnership for Business and Industry Training offers employers customized training that will upgrade the skills of current employees and prepare new employees for a variety of industries. Continuing and Professional Education The program provides opportunities for lifelong learners to upgrade their skills, change careers or seek personal enrichment. Articulation Agreements For those students who wish to continue their education beyond an associate s degree, STC has more than 60 articulation agreements in place with colleges across the country. Following is a sampling of colleges with formal agreements with STC: Georgetown University Midwestern State University Texas A&M University College Station Texas A&M University Kingsville Texas State University San Marcos Texas Tech University University of Houston Clear Lake University of North Texas - Denton University of Texas Arlington University of Texas Brownsville University of Texas Pan American University of Texas San Antonio About the Faculty With 474 full-time and 155 adjunct instructors, STC s faculty is among the most qualified at any community college in the nation. There are 363 faculty members with master s degrees, 38 hold double master s, three hold triple master s and 82 have doctorate degrees. In certificate and other programs, there are 74 faculty members holding bachelor degrees and 47 with associate degrees. Vital Statistics o More than 75% of student population are the first in family to attend college o More than 95% of students are Hispanic o More than 60% of students are female o More than 75% of students (does not include dual enrollment students) are using some form of financial aid o More than 35% of students go on to immediately pursue a bachelor s degree o Class size averages 26 students per faculty member 3

PROGRAMS OF STUDY DEGREE AND CERTIFICATE OFFERINGS 2008-2009 For the 2008-2009 academic year, STC has 91 degrees and certificates available to its students: 2 Baccalaureate degrees, one Associate of Arts Degree in 16 fields of study, one Associate of Arts in Teaching in 4 fields of study, one Associate of Science Degree in 7 fields of study, 23 Associate of Applied Science Degrees, and 39 Certificates. BACCALAUREATE PROGRAMS Bachelor of Applied Technology in Technology Management Bachelor of Applied Technology in Computer and Information Technologies ASSOCIATE OF ARTS DEGREE FIELDS OF STUDY Business and Technology Division Business Administration-Transfer Plan Liberal Arts and Social Sciences Division Anthropology Communication Criminal Justice English Fine Arts History Interdisciplinary Studies Kinesiology Language and Cultural Studies Mexican-American Studies Philosophy Political Science (Government) Psychology Social Work Sociology ASSOCIATE OF ARTS IN TEACHING FIELDS OF STUDY EC-4 Early Childhood Specialization EC-4 Generalist 4-8 Generalist Grades 8-12 ASSOCIATE OF SCIENCE DEGREE FIELDS OF STUDY Math and Science Division Biology Chemistry Computer Information Systems Computer Science Engineering Mathematics Physics ASSOCIATE OF APPLIED SCIENCE DEGREES Business and Technology Division Automotive Technology Specialization:»»GM-ASEP Business Administration Specializations:»»Accounting»»Banking»»Import/Export/Logistics»»Management»»Marketing»»Technology Management Business Computer Systems Specializations:»»Computer Specialist»»Information Security Specialist»»Multimedia Specialist»»Networking Specialist»»Webmaster Specialist Computer Aided Drafting and Design Technology Specializations:»»Architectural Drafting»»Civil Drafting»»Digital Imaging»»Geographic Information Systems Culinary Arts Diesel Technology Electronic and Computer Maintenance Technology Specializations:»»Computer Maintenance Technology»»Computer Support Specialist»»Convergent Technology Specialist Heating, Ventilation, Air Conditioning and Refrigeration Technology Human Resource Specialist Legal Office Management Office Management Paralegal Precision Manufacturing Technology Liberal Arts and Social Sciences Division Child Development Nursing and Allied Health Division Associate Degree Nursing»»LVN/ADN Transition»»Paramedic to RN Emergency Medical Technology-Paramedic Health Information Technology Medical Assistant Technology Occupational Therapy Assistant Pharmacy Technology Physical Therapist Assistant Radiologic Technology Respiratory Therapy 4 CERTIFICATES Business and Technology Division Accounting Clerk Architectural Drafting Automotive Technology Banking Civil Drafting Combination Welding Commercial Cooking Computer Maintenance Specialist Computer Support Specialist Convergent Technology Specialist Diesel Technology Digital Imaging Electrician Assistant Electronics Technology Specialist Ford Maintenance and Light Repair Geographic Information Systems Heating, Ventilation, Air Conditioning and Refrigeration Technology Human Resource Assistant Import/Export Industrial Systems Maintenance Technology Legal Office Specialist Logistics Management Marketing Office Specialist Plumber Assistant Precision Manufacturing Technology Technology Support Specialist Liberal Arts and Social Sciences Division Child Development Specializations:»»Infant and Toddler»»Pre-School Early Childhood Intervention Nursing and Allied Health Division Emergency Medical Technology - Basic Emergency Medical Technology - Intermediate Emergency Medical Technology - Paramedic* Medical Assistant Technology Medical Coding Specialist Medical Information/Transcription Specialist Patient Care Assistant Pharmacy Technology Vocational Nursing * This is a two-year certificate rev. 08.07.08/jls

Summary of Fall Semester Headcount, Unduplicated Annual Headcount and Annual Full Time Equivalent (FTE) Academic Year Fall Semester Headcount Unduplicated Annual Headcount Annual FTE 1993-94 1,055 2,900 1,164 1994-95 2,334 4,967 2,139 1995-96 3,267 6,899 2,883 1996-97 5,424 9,758 4,489 1997-98 6,857 11,860 5,708 1998-99 9,453 14,288 7,474 1999-00 10,381 15,035 7,948 2000-01 11,338 16,793 8,424 2001-02 12,444 18,370 9,317 2002-03 13,695 20,447 10,267 2003-04 15,334 21,926 10,658 2004-05 17,138 23,844 11,470 2005-06 16,609 23,743 11,394 2006-07 18,536 25,422 11,239 2007-08 19,973 26,707* 12,722* 2008-09 22,441* 29,168* 13,538* *Projected 5

Summary of Revenues and Expenditures, Transfers and Contingencies by Fund Fiscal Year 2008-2009 Current & Plant Funds Fund Revenues Expenditures, Transfers and Contingencies Unrestricted Fund $ 104,939,295 $ 104,939,295 Auxiliary Fund $ 1,975,358 $ 1,975,358 Restricted Fund $ 42,915,452 $ 42,915,452 Plant Fund - Unexpended - Construction $ 35,006,451 $ 35,006,451 Plant Fund - Renewals & Replacements $ 5,753,248 $ 5,753,248 Plant Fund - Retirement of Indebtedness $ 17,626,312 $ 17,626,312 6

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Unrestricted Fund Revenues by Source Budget for Fiscal Year 2008-2009 Source of Revenues FY '09 Budget Percentage State Appropriations $ 31,664,987 30.17% Tuition 23,655,416 22.54% Fees 12,373,947 11.79% Other Revenues 2,739,937 2.61% Local Taxes 30,532,148 29.10% Carryover 3,972,860 3.79% Total Revenues $ 104,939,295 100.00% FY 2008-2009 Unrestricted Fund Revenues by Source Local Taxes $30,532,148 29.10% Carryover $3,972,860 3.79% State Appropriations $31,664,987 30.17% Other Revenues $2,739,937 2.61% Fees $12,373,947 11.79% Tuition $23,655,416 22.54% 8

Unrestricted Fund Revenues by Source Comparison of Previous Fiscal Year with Fiscal Year Ending August 31, 2009 Fiscal Year 2008 Local Taxes $28,110,519 27.55% Carryover $8,411,701 8.24% State Appropriations $31,589,589 30.95% FY '08 Budget Source of Revenues (As Amended) Percentage State Appropriations $ 31,589,589 30.95% Tuition 21,401,259 20.97% Fees 8,788,089 8.61% Other Revenues 3,753,156 3.68% Local Taxes 28,110,519 27.55% Carryover 8,411,701 8.24% Total Revenues $ 102,054,313 100.00% Other Revenues $3,753,156 3.68% Fees $8,788,089 8.61% Tuition $21,401,259 20.97% Fiscal Year 2009 Source of Revenues FY '09 Budget Percentage State Appropriations $ 31,664,987 30.17% Tuition 23,655,416 22.54% Fees 12,373,947 11.79% Other Revenues 2,739,937 2.61% Local Taxes 30,532,148 29.10% Carryover 3,972,860 3.79% Total Revenues $ 104,939,295 100.00% Local Taxes $30,532,148 29.10% Other Revenues $ 2,739,937 2.61% Fees $12,373,947 11.79% Carryover $3,972,860 3.79% State Appropriations $31,664,987 30.17% Tuition $23,655,416 22.54% 9

Unrestricted Fund Summary of Revenues - Budget and Actual Comparison of Previous Fiscal Years with Fiscal Year Ending August 31, 2009 FY '05 FY '06 Budget FY '05 Budget FY '06 Revenue Source (As Amended) Actual (As Amended) Actual State Appropriations $ 24,365,755 $ 24,945,029 $ 29,829,436 $ 29,972,196 Tuition 18,334,464 19,551,205 19,626,225 20,177,674 Fees 4,382,225 5,311,652 6,877,165 7,852,953 Other Revenues 1,441,436 3,082,370 2,106,080 3,190,267 Local Taxes 20,658,570 22,405,071 22,687,015 24,854,665 Carryover from Prior FY 9,704,025 9,704,025 13,349,142 13,349,142 Total Unrestricted Fund Revenues $ 78,886,475 $ 84,999,352 $ 94,475,063 $ 99,396,897 10

(Continued) FY '07 FY '08 Budget FY '07 Budget FY '08 FY '09 (As Amended) Actual (As Amended) Actual * Budget $ 30,182,226 $ 30,311,961 $ 31,589,589 $ 32,706,522 $ 31,664,987 20,015,423 21,058,661 21,401,259 21,310,830 23,655,416 7,331,805 8,772,325 8,788,089 8,795,089 12,373,947 3,135,749 4,271,804 3,753,156 3,598,106 2,739,937 26,175,743 27,564,774 28,110,519 30,088,101 30,532,148 9,188,746 9,188,746 8,411,701 8,411,701 3,972,860 $ 96,029,692 $ 101,168,271 $ 102,054,313 $ 104,910,349 $ 104,939,295 * Projected The Unrestricted Fund includes those economic resources of the college which are expendable for the purpose of performing the primary missions of the institution-instruction, research, and public service - and which are not restricted by external sources or designated by the governing board of other than operating expenditures. Note: State Appropriations Revenues include state on-behalf benefits which are budgeted in the Unrestricted Fund and subsequently transferred to the Restricted Fund for Annual Financial Report purposes. 11

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Unrestricted Fund Expenditures by Function (Without Transfers and Contingencies) Budget for Fiscal Year 2008-2009 Function FY '09 Budget Percentage Instruction $ 50,466,533 50.75% Public Service 385,481 0.39% Academic Support 8,310,892 8.36% Student Services 8,967,010 9.02% Institutional Support 20,287,560 20.41% Operation & Maintenance 11,001,247 11.07% Total Expenditures $ 99,418,723 100.00% FY 2008-2009 Unrestricted Fund Expenditures By Function (Without Transfers and Contingencies) Operation & Maintenance $11,001,247 11.07% Institutional Support $20,287,560 20.41% Instruction $50,466,533 50.75% Student Services $8,967,010 9.02% Academic Support $8,310,892 8.36% Public Service $385,481 0.39% 14

Unrestricted Fund Expenditures by Function (Without Transfers and Contingencies) Comparison of Previous Fiscal Year with Fiscal Year Ending August 31, 2009 Fiscal Year 2008 Operation & Maintenance $10,543,495 11.59% Institutional Support $18,766,352 20.63% Student Services $7,619,522 8.38% Academic Support $7,310,690 8.04% Public Service $480,472 0.53% Instruction $46,239,152 50.83% Function FY '08 Budget Percentage Instruction $ 46,239,152 50.83% Public Service 480,472 0.53% Academic Support 7,310,690 8.04% Student Services 7,619,522 8.38% Institutional Support 18,766,352 20.63% Operation & Maintenance 10,543,495 11.59% Total Expenditures $ 90,959,683 100.00% Fiscal Year 2009 Function FY '09 Budget Percentage Instruction $ 50,466,533 50.75% Public Service 385,481 0.39% Academic Support 8,310,892 8.36% Student Services 8,967,010 9.02% Institutional Support 20,287,560 20.41% Operation & Maintenance 11,001,247 11.07% Total Expenditures $ 99,418,723 100.00% Institutional Support $20,287,560 20.41% Student Services $8,967,010 9.02% Operation & Maintenance $11,001,247 11.07% Instruction $50,466,533 50.75% Academic Support $8,310,892 8.36% Public Service $ 385,481 0.39% 15

Unrestricted Fund Expenditures by Classification (Without Transfers and Contingencies) Budget for Fiscal Year 2008-2009 Classification FY '09 Budget Percentage Salaries $ 57,572,777 57.90% Benefits 15,767,318 15.86% Operating 23,083,182 23.22% Travel 1,318,262 1.33% Capital 1,677,184 1.69% Total Expenditures $ 99,418,723 100.00% FY 2008-2009 Unrestricted Fund Expenditures By Classification (Without Transfers and Contingencies) Operating $23,083,182 23.22% Travel $1,318,262 1.33% Capital $1,677,184 1.69% Salaries $57,572,777 57.90% Benefits $15,767,318 15.86% 16

Unrestricted Fund Expenditures by Classification (Without Transfers and Contingencies) Comparison of Previous Fiscal Year with Fiscal Year Ending August 31, 2009 Fiscal Year 2008 Operating $21,498,084 23.63% Travel $1,135,618 1.25% Capital $1,605,375 1.76% Salaries $52,434,428 57.65% Function FY '08 Budget Percentage Salaries $ 52,434,428 57.65% Benefits 14,286,178 15.71% Operating 21,498,084 23.63% Travel 1,135,618 1.25% Capital 1,605,375 1.76% Total Expenditures $ 90,959,683 100.00% Benefits $14,286,178 15.71% Fiscal Year 2009 Function FY '09 Budget Percentage Salaries $ 57,572,777 57.90% Benefits 15,767,318 15.86% Operating 23,083,182 23.22% Travel 1,318,262 1.33% Operating $23,083,182 23.22% Travel $1,318,262 1.33% Capital $1,677,184 1.69% Salaries $57,572,777 57.90% Capital 1,677,184 1.69% Total Expenditures $ 99,418,723 100.00% Benefits $15,767,318 15.86% 17

Unrestricted Fund Summary of Expenditures by Function and Classification Budget for Fiscal Year 2008-2009 Classification Percent Percent Percent Function Salaries of Total Benefits of Total Operating of Total Instruction $ 35,193,231 61.13% $ 9,463,493 60.02% $ 4,673,580 20.25% Public Service 227,000 0.39% 66,965 0.42% 85,816 0.37% Academic Support 4,717,569 8.19% 1,275,730 8.09% 1,836,191 7.95% Student Services 6,082,998 10.57% 1,680,808 10.66% 862,425 3.74% Institutional Support 8,605,543 14.95% 2,493,912 15.82% 8,188,369 35.47% Operation & Maintenance - Plant 2,746,436 4.77% 786,410 4.99% 7,436,801 32.22% Total - Without Transfers & Contingencies $ 57,572,777 $ 15,767,318 $ 23,083,182 Percent of Total Expenditures 57.90% 15.86% 23.22% Without Transfers & Contingencies Transfers and Contingencies Transfer-Construction Fund - - 2,500,000 Transfer-PPFCO Debt - - 266,045 Transfer-MTR Bond Series 2007 - - 128,200 Transfer Skills 14 - - 426,327 Contingency - - 2,200,000 Total Transfers and Contingencies $ - $ - $ 5,520,572 Total Unrestricted Budget Expenditures/Transfers/Contingencies $ 57,572,777 $ 15,767,318 $ 28,603,754 Percent of Total Expenditures 54.85% 15.03% 27.26% With Transfers & Contingencies 18

(Continued) Percent of Percent of Percent Percent Total Budget Total Budget Travel of Total Capital of Total Total W/O Trans/Cont With Trans/Cont $ 632,579 47.99% $ 503,650 30.03% $ 50,466,533 50.75% 48.09% 5,700 0.43% - 0.00% 385,481 0.39% 0.37% 195,107 14.80% 286,295 17.07% 8,310,892 8.36% 7.92% 163,779 12.42% 177,000 10.55% 8,967,010 9.02% 8.54% 295,097 22.39% 704,639 42.01% 20,287,560 20.41% 19.34% 26,000 1.97% 5,600 0.33% 11,001,247 11.07% 10.48% $ 1,318,262 $ 1,677,184 $ 99,418,723 100.00% 1.33% 1.69% 100.00% - - 2,500,000 - - 266,045 - - 128,200 - - 426,327 - - 2,200,000 $ - $ - $ 5,520,572 5.26% $ 1,318,262 $ 1,677,184 $ 104,939,295 100.00% 1.26% 1.60% 100.00% 19

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Unrestricted Fund Summary of Capital Expenditures - By Function and Organization Budget for Fiscal Year 2009 Organization Name Organization Total Hidalgo Technology Center 100035 250,000 Distance Education Instructional 211001 50,000 Distance Ed Instructional Tech 211002 103,100 Automotive Technology 221402 11,000 CADD 221404 35,550 Respiratory Therapy 224025 20,000 Distance Education Technology 520001 34,000 Instruction 503,650 Curriculum & Accreditation 213001 6,995 Library Acquisition 530002 159,300 BAT and Support Materials 530008 80,000 Instructional Technologies 540001 40,000 Academic Support 286,295 Admissions & Records 320001 177,000 Student Services 177,000 Business Office 410013 50,000 Distribution Center 420003 20,000 Central Receiving 420004 30,000 Security 450002 304,000 Information Security 512001 50,000 Phones Central Office 520002 126,000 Information Technology 520004 102,100 Technology Support 520005 22,539 Institutional Support 704,639 Dir Fac Planning & Construction 430001 5,600 Operation and Maintenance Total Expenditures 5,600 $1,677,184 21

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Summary of Revenues and Expenditures - Budget and Actual Comparison of Previous Fiscal Years with Fiscal Year Ending August 31, 2009 Auxiliary Fund Fiscal Year Revenues / Expenditures Budget Actual* 1994-1995 Revenues $ 1,303,686 $ 612,895 Expenditures and Transfers $ 997,604 $ 518,341 1995-1996 Revenues $ 266,000 $ 609,814 Expenditures and Transfers $ 148,500 $ 466,720 1996-1997 Revenues $ 149,000 $ 217,692 Expenditures and Transfers $ 149,000 $ 148,506 1997-1998 Revenues $ 174,000 $ 298,784 Expenditures and Transfers $ 174,000 $ 186,011 1998-1999 Revenues $ 197,000 $ 336,059 Expenditures and Transfers $ 197,000 $ 214,603 1999-2000 Revenues $ 389,238 $ 501,662 Expenditures and Transfers $ 389,238 $ 270,043 2000-2001 Revenues $ 488,749 $ 473,025 Expenditures and Transfers $ 488,749 $ 351,262 2001-2002 Revenues $ 765,291 $ 563,045 Expenditures and Transfers $ 765,291 $ 254,762 2002-2003 Revenues $ 840,344 $ 666,476 Expenditures and Transfers $ 840,344 $ 380,737 2003-2004 Revenues $ 848,165 $ 743,075 Expenditures and Transfers $ 848,165 $ 346,671 2004-2005 Revenues $ 914,608 $ 845,373 Expenditures and Transfers $ 914,608 $ 411,684 23

Summary of Revenues and Expenditures - Budget and Actual Comparison of Previous Fiscal Years with Fiscal Year Ending August 31, 2009 Restricted Fund Fiscal Year Revenues / Expenditures Budget Actual* 1994-1995 Revenues $ 987,739 $ 1,987,400 Expenditures and Transfers $ 987,739 $ 1,809,153 1995-1996 Revenues $ 1,294,224 $ 4,571,195 Expenditures and Transfers $ 1,294,224 $ 4,355,543 1996-1997 Revenues $ 2,268,000 $ 7,915,978 Expenditures and Transfers $ 2,268,000 $ 7,854,048 1997-1998 Revenues $ 13,121,691 $ 13,936,818 Expenditures and Transfers $ 13,121,691 $ 13,654,382 1998-1999 Revenues $ 16,773,620 $ 22,577,660 Expenditures and Transfers $ 16,773,620 $ 22,938,662 1999-2000 Revenues $ 21,718,987 $ 26,363,571 Expenditures and Transfers $ 21,718,987 $ 26,616,647 2000-2001 Revenues $ 28,122,005 $ 29,711,610 Expenditures and Transfers $ 28,122,005 $ 30,259,793 2001-2002 Revenues $ 30,532,504 $ 38,545,570 Expenditures and Transfers $ 30,532,504 $ 39,326,069 2002-2003 Revenues $ 38,497,102 $ 42,876,466 Expenditures and Transfers $ 38,497,102 $ 43,472,697 2003-2004 Revenues $ 39,827,894 $ 42,677,367 Expenditures and Transfers $ 39,827,894 $ 43,279,326 2004-2005 Revenues $ 41,055,097 $ 45,575,896 Expenditures and Transfers $ 41,055,097 $ 46,374,535 25

Fund South Texas College Summary of Revenues and Expenditures Fiscal Year 2008-2009 Plant Funds Revenues Expenditures, Transfers and Reserves Plant Fund - Unexpended - Construction Fund $ 35,006,451 $ 35,006,451 Plant Fund - Renewals & Replacements Fund $ 5,753,248 $ 5,753,248 Plant Fund - Retirement of Indebtedness Fund $ 17,626,312 $ 17,626,312 27

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A RESOLUTION ADOPTING THE BUDGET OF SOUTH TEXAS COLLEGE FOR THE FISCAL YEAR BEGINNING SEPTEMBER 1, 2008 AND ENDING AUGUST 31, 2009 IN ACCORDANCE WITH THE PROVISIONS OF THE TEXAS EDUCATION CODE AND ORDERING OTHER PROVISIONS RELATED TO THE SUBJECT MATTER HEREOF. BE IT ORDERED BY THE BOARD OF TRUSTEES OF SOUTH TEXAS COLLEGE, THAT: SECTION I: The Budget Estimate of revenues for South Texas College District (the College District ) and the expenses of conducting the affairs thereof for the ensuing fiscal year beginning September 1, 2008, and ending August 31, 2009, as submitted by the President of the College, be, and the same is in all things, adopted and approved as the budget of all of the current revenues and expenses for the fiscal year beginning the 1st day of September, 2008, and ending the 31st day of August, 2009. SECTION II: The amount of ad valorem taxes and revenue from other sources, as estimated by the President, is hereby appropriated out of the various Funds for the payment of operating expenses and capital outlay of the College District. A copy of the Budget Summary indicating such revenues and appropriating their expenditures is attached hereto and made a part hereof for all purposes as Exhibit A and shall remain on file in the Office of the President. SECTION III: The sums indicated in Exhibit A are hereby appropriated in the Unrestricted Fund and College s Debt Service Fund out of the current year ad valorem taxes as collected for the purposes of maintenance and operation of the College District, as applicable, and applying the interest due on the general obligation bonds, redeeming the bonds as they mature, and creating sinking funds as required by such bonds. 29

SECTION IV: All Resolutions or parts of Resolutions in conflict herewith are hereby repealed. SECTION V: This Resolution shall be and remain in full force and effect as of September 1, 2008. SECTION VI: If any part, or parts, of this Resolution are found to be invalid or unconstitutional by a court having competent jurisdiction, then such invalidity or unconstitutionality shall not affect the remaining parts hereof and such remaining parts shall remain in full force and effect, and to the extent this Resolution is considered severable. CONSIDERED, PASSED and APPROVED this day of August, 2008 at a meeting of the Board of Trustees of South Texas College District at which a quorum was present and which was held in accordance with the Texas Government Code Chapter 551. SIGNED this day of August, 2008. SOUTH TEXAS COLLEGE DISTRICT ATTEST: BY: Michael Allen, Chair By: Manuel Benavidez, Jr., Secretary 30