Prepared for

District Governing Board

May, 2015

Yavapai CollegeBudget Work Study

JanuaryEnvironmental Scan & Assumptions

*Mission & Ends

*County Demographics

*County Jobs, College Programs & Completions

*Enrollments

*Cost Efficient

*Cost Effective

*Revenue Assumptions

*Expense Assumptions: Fixed Costs

FebruaryCapital Budgets

*Debt: GO, Revenue

*Plant: PM, Unplanned, Equipment, FFE, CIP

*Facility Condition Index

*Capital Investment Equity

*Campus Master Plan

*Original & Updated Data

*Slow to 14 years

*Evolving: Add Sedona Center and Building L

*Move PV Center and property sales to Phase 3

MarchRevenue Proposals

*Budgeting Process part of Strategic Planning

*Revenues

*State: Flat

*T&F

*Transparent, Price-competitive, & Accessible

*DGB Approved 4%

*Property Tax:

*First in 3 years

*Matches 9 of 10 districts

*2%

AprilPreliminary Budget

*Preliminary Budget:

*Funds, Accounts, Programs, Instructional Divisions

*2% Property Tax to fund Critical New Initiatives

*Aligns with Ends and Strategic Plan

*Sources of Risks vs. Contingencies

*AZ Property Taxes

*Fiscal Stewardship

Critical New InitiativesSupport DGB Ends

EconomicEducation Development Cultural Location

1 Electrical Lineman/ Eletrical/ Pre Eng 224,548$ X CV/ CTEC2 Hospitality/ Culinary 33,369$ X VVC3 Digital Media Film 76,324$ X VVC4 Asst Vineyard Mgr/ Vineyard 109,940$ X VVC5 Enology Tasting Room 108,829$ VVC6 Performing Arts Program 25,000$ X D7 Community Ed Temp to FT 41,493$ P8 Supplemental Instruction in Learning Center 68,612$ D9 Curriculog/ Acalog Software 11,582$ D

10 Testing Center Staff 49,874$ D11 Service Learning 10,805$ D12 Dual Enrollment 78,000$ D13 Freshman Year Experience 34,415$ D14 Increase Contingencies 400,000$ X X D15 Facilities Maintenance Technician 50,540$ X X D16 Marketing 55,000$ X X D17 VVC Associate Dean 95,580$ VVC18 High School Liaison 53,634$ D

Sum (1,527,545)$

Revenues from these Activities 228,120$

YC Reallocations 474,425$

2% Property Tax Levy Increase 825,000$

Net -$

Sources of Risks and Contingencies

*>$4M Revenue Risks: * Prop 301

* Aviation

* State M&O

* State STEM

* Enrollments

*Uncollectable Property Tax

* SB1476

* Expenditure Limit

* K-12 Funding

*Contingencies $1.3M

SB1476: 1% Cap OverviewIf the effective tax rate is greater than $10, the state reduces the school district rate through an additional payment until the total effective rate is $10 pursuant to A.R.S. § 15-972(E)

Example

Using the effective rates to the left:• A home has an assessed value of

$100,000• The rate reduction under the 1%

cap is $2.20 • The state will pay an additional

$220 to the school district• The new “effective” school district

rate is $0.50

Jurisdiction Adopted Primary

Effective Primary

After 1%

County $3.00 $3.00 $3.00

City $3.00 $3.00 $3.00

CCD $3.00 $3.00 $3.00

State $0.50 $0.50 $0.50

School Dist. $4.00 $2.70 $0.50

Total $13.50 $12.20 $10.00

and the other “qualifying” local Jurisdictions will pay the balanceNOTE: All figures are used for the example only and do not reflect actual rates or tax burdens

Other Requested Data

*CIP Project Narrative

*Project Detail of Preventative Maintenance

*Budget by Account: FY15 v. FY16

*Instructional Budget by Division and Location

*Budget by Campus/ Center

Thank You