Page 10 - cocannualreport2018
P. 10
Resource Management
Fiscal Resources Expand Services
to Students
By growing its resources through multiple funding sources, including
state, federal and private grants, the college consistently expands and
enhances student enrollment, programs and services while building
on its record of sound fiscal management. Since 2002, the college
has received the highest possible rating on 97 percent of its finance
and performance audits that review the district, the foundation and
general obligation bonds.
2017-18 Revenues
(Unrestricted General Fund)
Apportionment, Property Taxes
& Enrollment Fees $81,468,312 75.58%
Other State Sources $19,511,673 18.10%
Local Sources $4,321,226 4.01%
Facility Use Rentals $1,722,650 1.60%
Federal Sources $131,262 0.12%
All Other Sources $630,886 0.59%
TOTAL REVENUES $107,786,009
2017-18 Expenses
(Unrestricted General Fund)
Salaries $68,468,364 63.66%
Benefits $22,622,262 21.03%
All Other Expenses $16,466,257 15.31%
TOTAL EXPENSES $107,556,883
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$0
8
