October 3, The Board of Trustees. James Buck, Vice President Business and Finance. September 30, 2012 Financial Reports

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1 October 3, 2012 MEMORANDUM TO: FROM: SUBJECT: Dr. Kevin Boys, President The Board of Trustees James Buck, Vice President Business and Finance September 30, 2012 Financial Reports Please review the accompanying Financial Reports. If you have any questions or concerns, please call me at (937) Thank you.

2 MONTHLY FINANCIAL STATEMENTS - EXHIBIT 1 OF 6 COMPARATIVE BUDGET REPORT THREE MONTHS ENDED SEPTEMBER 30, 2012 (unaudited) FISCAL REVENUE ANNUAL 09/30/12 % OF BUDGET Y-T-D BUDGET STATE SUBSIDY 7,541,223 1,885, % STUDENT FEES 11,003,000 5,303, % OTHER INCOME 200,000 32, % _ TOTAL REVENUE 18,744,223 7,221, % EXPENDITURES INSTRUCTIONAL 8,710,164 2,670, % RESEARCH % COMMUNITY SERVICE 42,814 3, % ACADEMIC SUPPORT 2,883, , % STUDENT SERVICES 2,554, , % INSTITUTIONAL SUPPORT 2,553, , % PLANT OPERATIONS 2,008, , % SCHOLARSHIPS 500, , % _ TOTAL EXPENDITURES 19,254,223 5,511, % AUXILIARY FUND TRANSFERS (510,000) 0 0.0% _ TOTAL EXPENDITURES AND TRANSFE 18,744,223 5,511, % _ ANNUAL SURPLUS/(DEFICIT) - 1,710,376 ============ ============ ==========

3 MONTHLY FINANCIAL STATEMENTS - EXHIBIT 2 OF 6 CONSOLIDATED FUND BALANCE SHEETS AS OF SEPTEMBER 30, 2012 (unaudited) ASSETS GENERAL AUXILIARY RESTRICTED LOAN ENDOWMENT PLANT AGENCY TOTAL FUND FUND FUND FUND FUND FUND FUND FUNDS CASH AND INVESTMENTS 3,482, ,494 5,665,581 14,457 12,367, ,049 22,447,345 ACCTS. RECEIVABLE-STUDENTS(NET) 2,440,403 2,440,403 ACCTS. RECEIVABLE - OTHER 182,601 35,224 6, ,255 NOTES RECEIVABLE 2,814 2,814 INVENTORIES 7, , ,693 DUE FROM OTHER FUNDS 0 PREPAID EXPENSES 310,536 31, ,836 EQUIPMENT 682, ,526 BUILDINGS AND IMPROVEMENTS 21,977,702 21,977,702 OTHER ASSETS 12,318 39,739 52,057 TOTAL ASSETS 6,424,196 1,228,804 5,672,011 17,271 12,318 35,066, ,049 48,566,631 LIABILITIES AND FUND BALANCES ACCOUNTS PAYABLE 18,140 18,140 SALES TAX PAYABLE 2,501 2,501 REFUNDS PAYABLE 0 PAYROLL TAXES AND WITHHOLDINGS (11,333) (11,333) ACCRUED PAYROLL 119, ,554 ACCRUED EXPENSES 0 DEFERRED REVENUE 1,126,826 1,126,826 OTHER LIABILITIES (38,419) 19,194,365 19,155,946 DEFERRED COMPENSATION 1,169,850 1,169,850 NET INVESTMENT IN PLANT 15,872,617 15,872,617 FUND BALANCE/HELD IN CUSTODY 5,166,404 1,226,303 4,545,185 17,271 12, ,049 11,112,530 TOTAL LIAB. AND FUND BALANCES 6,424,196 1,228,804 5,672,011 17,271 12,318 35,066, ,049 48,566,631

4 MONTHLY FINANCIAL STATEMENTS - EXHIBIT 3 OF 6 STATEMENT OF CURRENT FUNDS, REVENUES, EXPENDITURES, AND OTHER CHANGES FOR THE PERIOD ENDED SEPTEMBER 30, 2012 (unaudited) UNRESTRICTED RESTRICTED EDUCATIONAL EDUCATIONAL TOTAL AND AUXILIARY UNRESTRICTED AND TOTAL CURRENT GENERAL ENTERPRISES TOTAL GENERAL RESTRICTED FUNDS REVENUES TUITION, FEES, STUDENT CHARGES 5,303,961 5,303, ,303,961 STATE APPROPRIATION 1,885,305 1,885, ,885,305 FEDERAL GRANTS AND CONTRACTS 0 5,232,850 5,232,850 5,232,850 STATE GRANTS AND CONTRACTS 0 81,258 81,258 81,258 LOCAL GRANTS AND CONTRACTS 0 68,023 68,023 68,023 PRIVATE GIFTS, GRANTS & CONTRACTS 0 76,940 76,940 76,940 SALES AND SERVICES 1,437,014 1,437, ,437,014 OTHER SOURCES 32,610 32, ,610 TOTAL EDUCA./GEN. REVENUE 7,221,876 1,437,014 8,658,890 5,459,071 5,459,071 14,117,961 EXPENDITURES AND MANDATORY TRANSFERS EDUCATIONAL AND GENERAL INSTRUCTIONAL 2,394,351 2,394, , ,790 2,569,141 SEPARATELY BUDGETED RESEARCH PUBLIC SERVICE 3,488 3, , , ,777 ACADEMIC SUPPORT 839, , ,853 STUDENT SERVICES 469, ,320 56,495 56, ,815 INSTITUTIONAL SUPPORT 652, ,523 32,858 32, ,381 OPERATION/MAINTENANCE OF PLANT 521, , ,835 SCHOLARSHIPS AND FELLOWSHIPS 103, ,662 5,245,167 5,245,167 5,348,829 TOTAL EDUCA./GEN. EXPENDITURES 4,985, ,985,038 5,693,599 5,693,599 10,678,637 AUXILIARY ENTERPRISES 1,246,064 1,246, ,246,064 TRANSFERS 526, ,462 (526,462) (526,462) 0 TOTAL EXPENDITURES/TRANSFERS 5,511,500 1,246,064 6,757,564 5,167,137 5,167,137 11,924,701 NET INCREASE IN FUND BALANCES 1,710, ,950 1,901, , ,934 2,193,260 ============== ============== ============== ============== ============== ==============

5 MONTHLY FINANCIAL STATEMENTS - EXHIBIT 4 OF 6 AUXILIARY FUND COMPARATIVE YEAR-TO-DATE OPERATIO FOR THREE MONTHS ENDED SEPTEMBER 30, 2012 (unaudited) BOOKSTORE DAYCARE CCS CONT. ED TOTAL REVENUE 1,132,020 62, ,162 6,761 1,438,150 DISCOUNTS 168 8,356 (9,660) 0 (1,136) COST OF SALES 834, ,952 GROSS MARGIN 297,236 70, ,502 6, ,062 ADMIN & GENERAL EXPENSES FACULTY FULL-TIME 48,604 48,604 FACULTY PART-TIME 22,518 22,518 ADMINISTRATIVE SALARIES 10,126 17,041 25,661 1,256 54,084 PART-TIME ADMIN SALARIES 0 SUPPORT STAFF SALARIES 12,971 12,971 PART-TIME STAFF SALARIES 4,905 35,562 40,467 FRINGE BENEFITS ALLOCATED 13,918 17,413 42, ,973 OFFICE SUPPLIES ,397 PROGRAM SUPPLIES 4, ,660 FUEL 17,836 17,836 PRINTING SUP./PHOTOCOPYIN TRAVEL-CONFERENCE REIM TRAVEL-MILEAGE REIMB ,008 STUDENT TEST AND TRAVEL 10,240 10,240 SPECIAL EVENTS 0 0 ADVERTISING 0 12,086 12,086 TELEPHONE ,263 4,482 DUES & SUBSCRIPTIONS 0 POSTAGE 14, ,978 COMPUTER SERVICES 0 FACILITY RENTAL 10,500 10,500 STAFF DEVELOPMENT (20) (20) UTILITIES 1,303 1,303 LICENSE AND CERTIFICATES 8,595 8,595 OTHER PROFESSIONAL FEES 25,460 1,800 27,260 EQUIPMENT GREATER THAN $ ,337 42,808 TOTAL ADMIN. & GEN EXPENSE 57,906 75, ,352 3, ,112 SURPLUS/(DEFICIT) 239,330 (5,294) (45,850) 2, ,950 ======== ======== ======== ========= ========

6 MONTHLY FINANCIAL STATEMENTS - EXHIBIT 5 OF 6 BID ITEMS AND EXPENDITURES OVER $10,000 SEPTEMBER 2012 CHECK VENDOR CHECK CHECK DESCRIPTION DATE NO. AMOUNT SEPT 5 RITTENHOUSE BOOK DIST $16, INVENTORY SEPT 7 DIRECT ENERGY BUSINESS $13, UTILITIES SEPT 10 CENGAGE LEARNING $11, INVENTORY SEPT 10 MCGRAW HILL INC $14, INVENTORY SEPT 10 MILHUFF-STANG CPA INC $18, AUDIT SEPT 10 MPS $15, INVENTORY SEPT 10 PEARSON EDUCATION $49, INVENTORY SEPT 12 CDW GOVERNMENT INC $18, EQUIPMENT SEPT 12 MCGRAW HILL INC $17, INVENTORY SEPT 13 PEARSON EDUCATION $10, INVENTORY SEPT 18 CRAFTSMAN ELECTRIC $23, EQUIPMENT SEPT 18 INNOVATIVE INTERFACES $19, MAINTENANCE SEPT 18 MCGRAW HILL INC $11, INVENTORY SEPT 18 MID AMERICAN CLEANING CONTRACTORS INC $22, PROFESSIONAL FEES SEPT 18 WW NORTON & COMPANY INC $12, INVENTORY SEPT 20 CI SPORT INC $20, INVENTORY SEPT 20 DIRECT ENERGY BUSINESS $13, UTILITIES SEPT 26 VALLEY INTERIOR SYSTEMS INC $11, EQUIPMENT SEPT 26 VALLEY INTERIOR SYSTEMS INC $13, EQUIPMENT SEPT 27 HESKETT INSURANCE AGENCY $10, INSURANCE TOTAL $345, ==============

7 MONTHLY FINANCIAL STATEMENTS - EXHIBIT 6 OF 6 DONATIONS SEPTEMBER 2012 RECEIPT DONOR CHECK DESCRIPTION DATE AMOUNT SEPT 10 BURTON & RICE/SCIOTO FOUNDATION $1, SCHOLARSHIP SEPT 26 FAYETTE COUNTY 4H $ SCHOLARSHIP SEPT 26 SOUTHERN OH AG $9, SCHOLARSHIP SEPT 26 MIAMI TRACE $3, SCHOLARSHIP TOTAL $13, ===========

8 FOUNDATION BALANCE SHEET AS OF SEPTEMBER 30, 2012 (unaudited) ASSETS Cash in Bank - Investments Cost Basis 1,644,936 Unrealized Gain 248, Market Value of Investments 1,893,260 Pledges Receivable 30,768 Other Assets 1,855 Total Assets 1,925,883 ========= LIABILITIES AND NET ASSETS LIABILITIES Other Liabilities - Total Liabilities - NET ASSETS Unrestricted 14,235 Temporarily Restricted 49,123 Permanently Restricted 1,862,525 Total Net Assets 1,925,883 Total Liabilities and Net Assets 1,925,883 =========

9 FOUNDATION FINANCIAL REPORT PERIOD ENDING SEPTEMBER 30, 2012 (unaudited) BEGINNING CURRENT FUNDS CONTRIBUTIONS INVESTMENT TRANSFER FUND FUND RETURN TO SSCC BALANCE BALANCE PERMANENTLY RESTRICTED: Col.Pommert Scholarship Fund ,853 26,837 Fifth Third Bank Fund - 1,021-26,823 27,844 Hodson Fund - 1,874 (1,000) 49,575 50,449 Igo Fund ,594 11,034 Jacobson Fund 368 (500) 9,842 9,710 Ladrach Fund 276 7,262 7,538 General Contribution Fund 3,689 96, ,605 Beck Fund ,908 9,247 Hottle Nursing Scholarship Fund 319 (500) 8,632 8,451 Barthel Art Scholarship Fund ,143 13,643 Daniels Fund (500) 11,991 11,941 Stephen Bennet Scholarship Fund (500) 12,884 12,868 Gene Worthington BCRW Fund (500) 25,214 25,667 Douglas & Susan Seipelt Fund - 1,704 (500) 44,949 46,153 Highland County Fund - 7,817 (500) 205, ,835 Bagshaw Enterprises KFC Fund ,028 4,181 Paul Neff Memorial Fund ,511 25,444 Fender Scholarship Fund - 1,541 (1,500) 41,017 41,058 Elmer & Helen Reed Fund - 28, , ,574 Joyce Fender Family Scholarship Fund ,459 16,047 Pence Patron Arts 120 5, , ,288 YouCan Fund 100 2,145 (6,250) 60,763 56,758 Elks Club Scholarship Fund ,588 22,410 Dylan Philip Wilson Memorial Fund ,641 18,313 Storer Endowment ,459 12,933 Brett Wightman Memorial Scholarship Fu Lawrence & Gale Dukes Fund - 3,313 (500) 87,213 90,026 Thoroman Endowment ,434 11,869 Elizabeth White Memorial ,569 15,124 Sizemore/Green Family Memorial Schol ,968 13,462 Shell Family Scholarship Fund 72 1,894 1,966 Dr. Sherry and Michael Stout Fund ,808 16,410 Bill Horne Memorial Scholarship Fund ,647 11, SUBTOTAL 1,024 68,504 (12,750) 1,805,747 1,862,525 TEMPORARILY RESTRICTED: Appalachian Gateway Fund ,636 3,774 Fayette Co. Schol. Fund (500) 13,167 13,162 Performing Arts Fund ,801 1,921 Weastec Fund Hillsboro Ford Warner Fund ,835 11,247 Cassner Foundation Fund (4,500) 12,092 7,992 Patriot Center Capital Improvement ,065 7,334 Dare WCH Schol - 65 (750) 1,982 1,297 Leadership Highland Schol. Fund Betty Chandler Hospice of Hope ,308 2,396 Lake Waynoka CC Art SUBTOTAL 50 1,937 (5,750) 52,886 49,123 UNRESTRICTED General Contribution Fund 7, (6,000) 11,746 14, SUBTOTAL 7, (6,000) 11,746 14, GRAND TOTAL 9,027 70,977 (24,500) 1,870,379 1,925,883 =============== =============== =============== =============== ===============