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COMPREHENSIVE STANDARD CS R1
The institution’s recent financial history demonstrates financial
stability.
| X |
Compliance |
| o |
Partial Compliance |
| o |
Non-Compliance |
Collin County Community College District’s (CCCCD) financial
statements and related management letter provide appropriate
evidence of its stable financial position (References
1, 2, 3, 4, 5, 6). The District has appropriate fund
balances, with the CCCCD Board of Trustees establishing
a minimum current unrestricted fund balance of 25% of Adjusted
Total Educational and General Expenditures (Reference
7).
All programs and services are funded adequately as evidenced
by the District’s elements of institutional costs yearly
increasing an average of 9.44% (Reference
8). During open budget hearings, cost center managers
have an opportunity to request special funding in addition
to their base budget allocations (References 9, 10, 11, 12, 13). Supplemental
budgets are documented and funded as determined to be appropriate
by the CCCCD Leadership Team and as approved by the Board
of Trustees.
Based on the Texas Public Community College Database System
(Reference 14), which includes all
50 Texas Community Colleges, for the fiscal year ending
August 31, 2001, the CCCCD net total current fund revenue
ratio to total current fund revenues is 16.73%, which is
the number one ranking in Texas (FY ending August 31, 2001).
CCCCD also ranks number one in net unrestricted revenues
to total unrestricted revenues with a 19.78% ratio. In addition,
CCCCD ranks seventh overall, in comparison with 49 other
community colleges, in the ratio of expendable fund balances
to total expenditures and mandatory transfers, significantly
reinforcing the District’s financial strength. At the end
of FY 2001, CCCCD ranked 44th in its dependence (43 Community
Colleges have a greater dependency) on the state government
to support certain unrestricted expenditures.
Please refer to the Analysis/Trends Section of the 2003-2004
Proposed Annual Budget (Reference 11)
for further information regarding the financial stability
of Collin County Community College District.
Supporting Documents:
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