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The College Budget

Financial stewardship is an important cornerstone of being a community-supported institution. It's something we pride ourselves on, and a value we hope to instill in our students as we help them achieve their personal and professional educational goals.

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FY2020-21 Adopted Budget


We have created a new format which we hope will be more understandable and engaging—please check it out!

2021 Budget in Brief - Preparing the annual budget is one of the most important tasks of the year for the College Administration and for the District Governing Board.

A well-crafted budget aligns college resources in a way that reflects our values and helps to make Yavapai County a premier place to learn, work, and live. Moreover, a well-planned budget ensures that Yavapai College remains a good value for students and taxpayers alike.

Check out the new format which is more engaging and clear!


Budget Calendar

Because of the importance and complexity of the budget, various aspects of the budget are discussed in detail with the board at the monthly board meetings per this calendar.

These discussions of projected revenues and expenses serve as the foundation for the approval of the final budget in May, as well as any property tax increase that may be considered in May. If the publicly elected district governing board is considering an increase in the property tax levy, a truth in taxation hearing will be advertised in accordance with ARS 15-1461.01 in the April timeframe.

I would encourage you to attend these meetings to learn more about the Yavapai College, or to watch them on channel 13 as all board meetings are recorded and broadcasted.



Current Budget Information

Current budget information such as the Monthly Financial Update, the reports on Executive Limitations – Policy 2.3.1 – Budget Deviations and Policy 2.3.2 – Reserves, as well as the YCFS Summary are found in the Governing Board meeting minutes and full agenda documents.  Minutes and Full Agendas can be accessed on the District Governing Board website.


 

Yavapai College Economics: Facts & Figures

  • YC has had 'clean' audits (unqualified opinions) for more than 10 years in a row ii. YC has earned a Certificate of Achievement for Excellence in Financial Reporting from the GFOA for more than 10 years in a row
  • YC’s Composite Financial Index exceeds the recommended target set by our accrediting agency, the Higher Learning Commission
  • YC’s S&P Rating is AA- and Moody’s rating is Aa2
  • YC’s Property Tax rates are near the median for community colleges in AZ—AZ property taxes are among the lowest in the country
  • YC takes great care of its capital facilities and infrastructure. Our Net Asset Value score is 89%, meaning that we have minimal deferred maintenance which we believe lowers the total cost of ownership.
  • Per Arizona statute, current Yavapai College expenditures per student are at or below the inflation-adjusted 1980 expenditures per student.

Additional Information