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RESOURCE MANAGEMENT

A Solid Financial Foundation

FINANCIAL RESOURCES

The college’s financial resources grew significantly in 2015-16 as state finances rebounded
and the economy improved. The budget (unrestricted general fund) increased 22.7 percent,
from $85,117,163 in 2014-15 to $104,433,891 in 2015-16.
The growth in financial resources had a direct benefit for students, whose options were never
so rich and diverse. It allowed the college to add more class sections at both campuses
and serve more students. And, it supported new associate degree programs, which grew to
83, as well as 71 workforce training certificates. The number of funded full-time equivalent
students (FTES) grew 5.2 percent, from 15,154 to 15,948, over the previous year.
Sound fiscal management has established a solid foundation for future growth and increasing
enrollment, which continued to climb in 2015-16. Projections indicate the number of
students served per semester will reach approximately 30,000 within the next decade.

2015-16 Revenues (Unrestricted General Fund) 2015-16 Expenses (Unrestricted General Fund)
• Apportionment, Property Taxes • Salaries $61,853,211 59.48%
& Enrollment Fees $72,524,984 69.45% • Benefits $17,191,893 16.53%
• Other State Sources $26,026,942 24.92% • All Other Expenses $24,937,332 23.98%
• Local Sources $3,450,170 3.3%
• Facility Use Rentals $1,619,428 1.55% Total Expenses $103,982,436
• Federal Sources $189,220 0.18%
• All Other Sources $623,147 0.6%
Total Revenues $104,433,891

Manufacturing Technology Paralegal

COLLEGE OF THE CANYONS ANNUAL REPORT 2015 - 2016 11