Overall revenues increased by $604,626 in 2014; property taxes and tuition account for 75% of revenue; state puts in 2%
The Community College reported in its annual Financial Report that revenues increased in 2014 over 2013 by $604,626. Tuition and fee revenues increased by 2.2% due to a 2.9% base tuition rate increase being offset by lower aviation program revenue. Aviation program tuition decreased as a result of the revenue distribution formula being modified between the District and its aviation partners.
Property taxes increased slightly due to new construction. Lastly, capital revenues increased by $720,234 due to $471,634 of donations and $248,600 of capital outlay monies received from the state. County property taxes and student tuition account for 75% of the revenue coming into the Community College. The State of Arizona supplies about 2% of the annual revenue coming to the Community College.
