Page 14 - 2014 DGB Annual Report

YAVAPAI COLLEGE FY 2014
Budget Overview
The $85 million budget is the financial means by which the college pursues the three goals set by the Yavapai College District Governing Board: 1) help students achieve their educational goals, 2) assist communities in generating and sustaining economic base jobs, and 3) provide access to a vibrant social and cultural life.
Yavapai College’s costs (expenses) per student are at or below the average for community colleges across the nation.
Yavapai College’s costs (expenses) per student are at or below the average for community colleges across the nation, while our price per credit hour is lower than the national average to reflect the lower median income of the population that Yavapai College serves. Per benchmark studies, employee compensation is competitive with relevant markets and our facilities are well-maintained.
Complete, detailed budget data is available on the college’s web site at www.yc.edu/budget.
Yavapai College EXPENDITURES • ALL FUNDS FY2013 –2014
Plant 22%
Debt 8%
General 49%
Restricted 17%
Auxiliary 4%
Budget Process Timeline for the District Governing Board
JAN
Overview budget presentation for next fiscal year.
FEB
Presentation of proposed capital budget for next fiscal year.
MAR
Presentation of proposed revenue for next fiscal year.
APR
Presentation of proposed preliminary budget (including operating budget) for next fiscal year.
MAY
Board receives final budget for review and approval (Truth in Taxation hearing, if necessary).
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