Coconino Community College Budgeting 101

Coconino Community CollegeBudgeting 101 Fall 2013 Budgeting 101 • History & Evolution of CCC • Financial Overview • Revenue Sources • Expenditures Coconino Community College

Coconino Community CollegeBudgeting 101 Fall 2013 Budgeting 101 History & Evolution of Coconino Community College Coconino Community College

CCC History & Evolution • In 2011, a comprehensive list of key events of our 20 year history was compiled. • Here are just a few key points that relate to the College’s financial history. Fall 2013 Budgeting 101 Coconino Community College

CCC History & Evolution • 1991 - Voters approve the levy of a property tax to raise $2.2 million to fund and operate a community college. “College without walls” is the concept that the tax levy was based upon. In addition, it was thought that the College may some day serve a maximum of 1,000 student. When the College opened its doors , it served a 1,000 students the first year. Fall 2013 Budgeting 101 Coconino Community College

CCC History & Evolution • 1996 - CCC Foundation purchases Fourth Street building after the District Governing Board determined that the College had grown out of the College without walls concept. • 1997 - Voters pass $25 million bond election for the construction of the Flagstaff Lone Tree Campus and District Offices, distance Learning Technology, and Completion of a Page Campus Fall 2013 Budgeting 101 Coconino Community College

CCC History & Evolution • 2002 - Page and Lone Tree campuses and the Williams facility are built with bond money from 1997 decision. • 2006 - CCC asks voters for an override – Override fails approximately 42%-yes to 58%-no– State aid begins to be reduced, tuition rises. Fall 2013 Budgeting 101 Coconino Community College

CCC History & Evolution • 2008 - CCC2NAU agreement signed by President’s Bornstein and Haeger, on its way to becoming a national model. • 2010 - CCC implements collaborative problem solving with NAU: CCC2NAU, library merger, reverse transfer, faculty sharing and other collaborative efforts benefitting both institutions. Fall 2013 Budgeting 101 Coconino Community College

Coconino Community CollegeBudgeting 101 Fall 2013 Budgeting 101 Financial Overview & Projections Coconino Community College

Fall 2013 Budgeting 101 Coconino Community College

Coconino Community CollegeBudgeting 101 Fall 2013 Budgeting 101 Revenues State Aid Tuition & Fees Property Taxes Coconino Community College

Coconino Community CollegeBudgeting 101 Fall 2013 Budgeting 101 Expenditures Coconino Community College

Coconino Community CollegeBudgeting 101 Fall 2013 Budgeting 101 Thank You Questions? Coconino Community College

Coconino Community College Budgeting 101