340 - Student Achievement Council
Last Updated: 10/07/2024
Summary Financial Report for 2023-25 Biennium to Date
Dollars in thousands
All Funds Variance to Date
(908) Overexpenditure
(0.1%) Overexpenditure
Planned vs. Actual Cumulative Expenditures - All Funds
Monthly Planned vs. Actual Expenditures - All Funds
Monthly Planned vs. Actual Expenditures - GFS
Expenditure by Program
| Program | Estimate | Actual | Variance | % Variance |
|---|---|---|---|---|
| Coordination and Policy | 39,651 | 28,563 | 11,088 | 28.0% |
| Advanced College Tuition Payment | 8,222 | 7,331 | 891 | 10.8% |
| Student Financial Assistance | 585,660 | 598,546 | (12,886) | (2.2%) |
| Totals | 633,533 | 634,440 | (907) | (0.1%) |
FTE
| Program | Estimate | Actual | Variance | % Variance |
|---|---|---|---|---|
| Coordination and Policy | 75 | 70 | 6 | 7.6% |
| Advanced College Tuition Payment | 29 | 29 | 0.30 | 1.0% |
| Student Financial Assistance | 28 | 30 | (2) | (5.3%) |
| Totals | 132 | 128 | 5 | 3.4% |
Expenditure by Fund Group
| Program | Estimate | Actual | Variance | % Variance |
|---|---|---|---|---|
| General Fund Federal | 16,524 | 8,143 | 8,381 | 50.7% |
| General Fund Private/Local | 635 | 126 | 509 | 80.2% |
| General Fund State | 342,232 | 341,324 | 908 | 0.30% |
| Other Funds Non-Appropriated | 30,657 | 25,703 | 4,953 | 16.2% |
| Other Funds State | 243,485 | 259,144 | (15,659) | (6.4%) |
| Totals | 633,533 | 634,440 | (908) | (0.1%) |
Revenue by Fund Group
| Program | Estimate | Actual | Variance | % Variance |
|---|---|---|---|---|
| General Fund Federal | 16,524 | 7,196 | (9,328) | (56.4%) |
| General Fund Private/Local | 1,235 | 50 | (1,185) | (95.9%) |
| General Fund State | 226 | 226 | ||
| Other Funds Federal | 748 | 748 | ||
| Other Funds State | 10,879 | 12,366 | 1,487 | 13.7% |
| Totals | 28,638 | 20,586 | (8,052) | (28.1%) |
Revenue by Fund
| Program | Estimate | Actual | Variance | % Variance |
|---|---|---|---|---|
| General Fund | 17,760 | 7,473 | (10,287) | (57.9%) |
| Aerospace Training Student Loan Account | 12 | 12 | ||
| Medical Student Loan Account | 504 | 504 | ||
| Student Achievement Council Tuition Recovery Trust Fund | 277 | 277 | ||
| Behavioral Health Loan Repayment and Scholarship Program Account | 1,250 | 1,257 | 7 | 0.60% |
| Workforce Education Investment Account | 15 | 15 | ||
| Washington College Savings Program Account | 947 | 947 | ||
| Educator Conditional Scholarship Account | (1,222) | (1,222) | ||
| Health Professionals Loan Repayment and Scholarship Program Account | 8,975 | 9,522 | 547 | 6.1% |
| State Educational Trust Fund Account | 1,642 | 1,642 | ||
| Advanced College Tuition Payment Program Account | 9 | 9 | ||
| Four Year Student Child Care in Higher Education Account | 150 | 150 | ||
| Totals | 28,639 | 20,586 | (8,053) | (28.1%) |
Deficit Fund Balance
| Program | BTD Balance | Proj. Balance |
|---|---|---|
| Student Achievement Council Tuition Recovery Trust Fund | 295 | (36) |
| Workforce Education Investment Account | 68,705 | (99,255) |
| Washington Student Loan Account | (66,093) | (145,300) |
| Washington College Savings Program Account | (125) | (1,691) |
| Educator Conditional Scholarship Account | (1,176) | (1,658) |
| WA Career and College Pathways Innovation Challenge Program Account | 11,888 | (3,921) |
| State Educational Trust Fund Account | (505) | (1,087) |
