Student Aid Fund (10)
This fund is used to budget for federal student loans, state and federal grants, and federal work-study for qualified students of the college.
Resources are provided by local, state and federal financial aid programs, mandatory transfers and loan repayment funds.
Requirements are all related to the various federal and state financial aid programs administered by the District.
|
Actual
|
|
Resources:
|
Budget
|
|
Revised
2007-08
|
|
Adopted
2008-09
|
|
2005-06
|
|
2006-07
|
|
6,004,450
|
5,738,099
|
Governmental Funds |
11,550,000
|
12,631,000
|
|
608,284
|
612,069
|
Loan Collections |
900,000
|
847,000
|
|
24,111
|
31,750
|
Interest & Other |
40,000
|
40,000
|
|
6,636,845
|
6,381,918
|
Total Revenues |
12,490,000
|
13,518,000
|
|
|
|
Other financing sources:
|
|
|
|
192,262
|
208,774
|
Operating Transfers |
250,000
|
250,000
|
|
478,013
|
599,696
|
Beginning Fund Balance |
-
|
-
|
|
7,307,120
|
7,190,388
|
Total Resources |
12,740,000
|
13,768,000
|
|
|
|
|
Requirements:
|
|
|
|
381,666
|
439,917
|
Personal Services |
690,000
|
660,000
|
|
6,265,683
|
6,144,426
|
Grants and Loans |
11,950,000
|
13,008,000
|
|
6,647,349
|
6,584,343
|
Total Requirements |
12,640,000
|
13,668,000
|
|
|
|
Other financing uses: |
|
|
|
60,075
|
71,233
|
Operating Transfers |
100,000
|
100,000
|
|
|
|
Total requirements and |
|
|
|
6,707,424
|
6,655,576
|
other financing uses |
12,740,000
|
13,768,000
|
|
599,696
|
534,812
|
Ending fund balance |
-
|
-
|
|
7,307,120
|
7,190,388
|
Total Requirements andEnding Fund Balance |
12,740,000
|
13,768,000
|
|
