Archive for Budget – Page 10

Verde Valley Operating Budget

By R. Oliphant
Tuesday, September 16th, 2014

Operating budget for Verde Valley for 2014 is set at $4.4 million; about $2.2 “allocated expenses” added to $4.4 million budget

Clint Ewell

The 2014-15 Yavapai Community College operating budget for the Verde Valley is about $4.4 million.  The College allocates an addition $2.2 million for services it provides the Sedona Center and the Verde Campus.  This brings total operating expenses for 2014 to an estimated $6.6 million dollars.  If primary property tax revenue from the Verde Valley (including Sedona) is at the level collected in 2012, this leaves about $6 million dollars in excess property tax over total operating expenses.

The budget information was provided by Vice President Clint Ewell in an Email to Ms. Ruth Wicks.  The following is the information provided by the College at a department level analysis included in Vice President Ewell’s email.2014 BUDGET PAGE 1 VERDE VALLEY

2014 BUDGET PAGE 2 VERDE VALLEY

 Note that the College reports that there are several “allocated” District Services costs that are incurred to support the Sedona Center and the Verde Campus in Clarkdale. Allocated expenses are not included in the operating expenses outlined above.  Those costs are set by the College at approximately $2.2M of allocated expenses per year.

Categories : Budget, Verde Campus

Low cost of creating administrative college for Verde unveiled

By R. Oliphant
Sunday, September 14th, 2014

College says increased cost of creating independent administrative college in Verde Valley is less that $1.2 million dollars

The estimate by the Yavapai Community College executives that setting up an independent administrative college would cost less than $1.2 million dollars in additional operating expenses came as a welcome surprise. (Recall that Valley residents now pay more than $5 million dollars over current operating costs to run the Sedona Center and the Verde campus.)  If the separate college were approved by the Governing Board, this would put total operating expenses at about $6.3 million dollars for the Verde campus and the Sedona Center.

The estimate was made by Yavapai Community College Vice President Clint Ewell at the Governing Board retreat on Monday, September 8. The chart presented to the Governing Board by Mr. Ewell follows and can also be found on the College website by clicking here: Read More→

Categories : Administrative College, Budget

Theater on Prescott campus lost $680,000 this past year

By R. Oliphant
Sunday, August 10th, 2014

Auxillaries intended to be self-sufficient will lose $871,000; theater biggest loser; taxpayers to make up loss

What if you managed a theater and it lost a half million dollars or more every year over the past five years?  What if you obtained a $5 million dollar loan to improve the seating, lighting, technology, and add a fancy kitchen to the theater?  Then, after all that, you incurred a loss this past year of $680,000?  What do you think would happen to you?  And your theater project?

Well, for Prescott based Yavapai Community College administrators there is nothing to worry about when projects like these lose millions of dollars.  They simply dip into the taxpayer pot of money available to them and make-up for the losses.  No fuss; no concern; for them, no big deal. 

For example, the 1105 seat theater on the Prescott campus, dubbed by campus administrators as the Performing Arts Center, is now estimated to have gone into the hole the past academic year by at least $680 thousand dollars.  The huge loss was incurred in spite of a $5 million dollar renovation project covering the past five years, which was paid for through county property taxes. 

Performing Arts Cernter

The theater, with many programs not reasonably accessible to many County residents outside the Prescott area, continues to lose hundreds of thousands of dollars.

One of the renovation projects many felt was not needed involved installation of a kitchen at a cost of around $750,000 to make the campus theater a  dinner theater. If financial loses are any indication of how well the dinner theater worked, well, it didn’t work. 

Auxiliaries, which are viewed as campus businesses of sorts, are intended to break even.  This past year the Community College auxiliaries, which include the theater,  failed to break-even by $871,000.  Recall that Prescott administrators closed the Sedona Film school, an actual academic program, because they claimed it was being too highly subsidized.  However, it is doubtful they would ever consider closing a nonacademic project such as this theater because, as they see it, it brings culture to the city of Prescott and prestige to them.   Source:  August 2014 Governing Board Agenda with reports.  

 

 

Categories : Budget, Performing Arts Center, Yavapai Community College
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