Board of Trustees Meeting Agenda | Feb 16, 2023

(Housing/Dining/Bookstore/Parking/Student Funds)

Fiscal Year 2023 (In Thousands)

System

Budget Forecast Difference

Revenue Operating Revenue

$ 55,968 55,723 $ 55,968 55,723

$

(245) (245)

Total Revenue Expense Wages/Benefits

23,427

1,091

G&S/Other

23,755 23,627

(128)

Total Expenses System Net Bond Payments

46,091 9,877 12,107

47,054 8,669 12,107

963

(1,208)

-

Net

$ (2,230) $ (3,438)

$

(1,208)

HEERF Funding

5,200

5,200

-

Net Including HEERF

$

2,970 $ 1,762

$

(1,208)

3

Debt Service Coverage Ratio

1.25

1.15

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