Total expenditures 148.9% of budget with overrun due to Prescott Valley building expansion and Sedona Center remodel
The Yavapai Community College administration reported to the Governing Board at its August 8, 2017 meeting that it had spent $17,343,277 during the fiscal year 2016 – 17 on capital projects. It had originally budgeted $11,648,400 to spend on buildings and grounds during that period. It attributed the additional $6 million increase in capital spending to the Prescott Valley building expansion and the Sedona Center remodel.
Because College has so many millions of dollars paid in by taxpayers annually, there was no need for any bonding needed to provide $17 million for these capital projects. As this blog has repeatedly told its readers, the college is flush with revenue. Furthermore, in the opinion of the blog, there is little serious oversight over how these millions are spent each year after basic educational expenses are met.
You may view the College explanation and verify the amount spent on capital projects during the past fiscal year by clicking here and going to page 23 of 154.