Southwestern Illinois College 522 ANNUAL FINANCIAL REPORTFor the Fiscal Year Ended 2025 Community College District No. 522 Counties Bond, Madison, Monroe, Montgomery, Perry, Randolph, St. Clair and Washington, State of Illinois Total District Assessed Value 10,450,131,911 Total District Bonded Debt 18,435,000 Tax Revenues: Extensions Rates Education Fund 18,487,239 0.203822 Operations and Maintenance Fund 6,939,609 0.077953 Bond and Interest Fund 4,802,467 0.048649 Liability, Protection, and Settlement Fund 3,856,114 0.039972 Audit Fund 182,597 0.001565 Operation and Maintenance Fund (Restricted) 3,278,733 0.011346 TOTAL ALL FUNDS 37,546,759 0.383307 STATEMENT OF REVENUE AND EXPENDITURES For the Fiscal Year Ended 2025 Liability, Operations & Protection Operations & Mantenance Bond & and Education Maintenance (Restricted) Interest Audit Settlement AUDITED REVENUE BY SOURCE Local Government Local Taxes 11,850,633 2,515,204 3,278,733 4,802,467 182,597 3,856,114 Equity Tax 6,636,607 4,424,405 - - - - Back Taxes (129,662) - - - - - Payment in Lieu of Taxes (TIF) Corporate Personal Property 646,129 - - - - - Replacement Taxes 1,041,651 852,260 - - - - TOTAL LOCAL GOVERNMENT 20,045,358 7,791,868 3,278,733 4,802,467 182,597 3,856,114 State Government ICCB Base Operating Grants 7,133,136 - - - - - ICCB Equalization Grants 3,618,398 1,206,132 - - - - ICCB Performance Based Initiative Grant ICCB Career and Technical 6,220 - - - - - Education Grants Illinois Dept of Commerce & 886,830 - - - - - Economic Opportunity - - - - - - TOTAL STATE GOVERNMENT 11,644,584 1,206,132 - - - - Federal Government Department of Education 25,220 - - - - - Department of Labor Department of Health & - - - - - - Human Services - - - - - - TOTAL FEDERAL GOVERNMENT 25,220 - - - - - Liability, Operations & Mantenance Bond & Protection Education Maintenance (Restricted) Interest Audit and Settlement Student Tuition & Fees Tuition 20,287,834 - - - - - Fees 5,703,407 - - - - - Other Student Assessments 892,903 - - - - - TOTAL TUITION AND FEES 26,884,143 - - - - - Other Sources Sales and Service Fees 514,536 - - - - - Facilities Revenue - 174,572 - - - - Investment Revenue 3,941,137 (2,942) 19,285 (411,177) - - Nongovernmental Grants 1,334,768 874 - - - 3,826 TOTAL OTHER SOURCES 5,790,442 172,503 19,285 (411,177) - 3,826 TOTAL REVENUE 64,389,746 9,170,504 3,298,018 4,391,291 182,597 3,859,941 AUDITED EXPENDITURES BY PROGRAM Instruction 32,437,571 - - - - - Academic Support 955,287 - - - - - Student Services 5,053,911 - - - - - Public Services / Continuing Education 431,351 - - - - - Institutional Support 14,095,731 - 1,132,445 2,118 112,600 2,145,759 Operation & Maintenance of Plant - 7,464,883 2,234,640 - - 1,881,254 Scholarships, Student Grants & Waivers 4,062,516 - - - - - Debt Service - - - 5,324,738 - - Capital Outlay 1,885,501 157,980 3,644,951 - - 107,845 TOTAL EXPENDITURES 58,921,868 7,622,863 7,012,036 5,326,856 112,600 4,134,858 TRANSFERS (OUT) IN (3,815,621) 1,053,101 1,618,178 - - - Excess (Deficiency) of Revenue over Expenditures 1,652,257 2,600,742 (2,095,840) (935,565) 69,997 (274,917) BEGINNING FUND BALANCE (as of July 1, 2024) 60,125,145 20,876,874 13,556,550 1,099,015 1,154 6,988,746 ENDING FUND BALANCE (as of June 30, 2025) 61,777,402 23,477,617 11,460,710 163,449 71,151 6,713,828 Southwestern Illinois College 522 ANNUAL FINANCIAL REPORT For the Fiscal Year Ended 2025 Mission Statement Southwestern Illinois College upholds the dignity and worth of students, employees and community, which empowers learning and the quality of life. Vision Statement To be students’ “first choice” by providing innovative and flexible programs designed to enrich our community and foster economic growth in our region. Southwestern Illinois College offers: - Transfer Programming - Career-education programs - General studies programs, including developmental instruction, adult basic education and general education - Community-education programs (non-credit adult continuing education); - Public service activities of an educational nature; and - Student support services, including general institutional and learning resources services, admissions, counseling, testing, tutoring, placement, and special assistance for disadvantaged students. Southwestern Illinois College is a community institution serving more than 460,000 residents in eight Illinois counties with academic, vocational and career advancement courses and community programs. It serves over 15,000 full-time and part-time student on an annual basis as well as all district residents who participate in its seminars, workshops, special events and other community services. Enrollments during the past year were: SEMESTER HEADCOUNT FTE Summer 2024 3,598 1,353 Fall 2024 10,353 5,598 Spring 2025 11,354 5,739 The students on the Belleville Campus, Granite City Campus, Red Bud Campus and at Extension Centers througout the District were served by the following full-time and part-time staff. PROGRAM FULL-TIME PART-TIME Instruction 216 608 Academic Support 10 12 Student Services 69 22 Public Service 11 3 Independent Operations 9 35 Operation and Maintenance of Plant 80 25 Institutional Support 97 17 TOTAL 492 722