Other revenue sources and budget reallocation should offset loss of about $900,000 in tuition because of decreased enrollment and $1.8 million in other new expenses
Yavapai Community College will not increase student tuition for the 2022 fiscal year. It also anticipates not asking for a County tax levy increase in the 2022 fiscal year. This information came from Vice President Clint Ewell at the October Governing Board hearing when the question of tuition for the 2022 fiscal year was discussed and voted upon. The Governing Board approved his recommendation that tuition not be increased.
Dr. Ewell said that the College will receive about $900,000 in new construction property taxes in fiscal year 2022 and that amount should offset the loss of tuition revenue caused by a decrease in enrollment. He said that the College should be able to identify and reallocate funds within the existing budget to make up for an addition $1.8 million in new expenses. He noted that there was a chance of additional revenue that might help out with the $1.8 million but did not elaborate on the sources of those funds.
In his presentation, Dr. Ewell noted that the fiscal 2022 budget currently includes a 3% salary/fringe increase for staff costing about $1.28 million. It also includes $220,000 for market adjustment of salaries.
Note that the final overall budget is usually approved in May 2021 for the fiscal year 2022 following a public meeting where it is presented. The Governing Board only voted this October on the tuition recommendation; it did not formally vote on the tax levy.
You may view a two-minute clip of Vice President Ewell’s budget presentation below. You may view his entire presentation at the District Governing Board web site by clicking here.