PCC finances to be topic at Governing Board meeting March 12 - The Explorer: News

PCC finances to be topic at Governing Board meeting March 12

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Posted: Tuesday, March 11, 2014 4:27 pm

Chancellor Lee D. Lambert is encouraging the public to attend tomorrow’s meeting of the Pima Community College Governing Board, which is scheduled to discuss PCC finances, including Fiscal Year 2014-2015 tuition and service fees, state aid and property taxes.

The meeting is scheduled to begin at 7 p.m. March 12 in the Community Room of PCC’s District Office, 4905 E. Broadway. As in the past, the meeting will be live-streamed over the Internet.   [Go to www.pima.edu/about-pima/board-of-governors to access live video streaming.]

“I encourage everyone who cares about PCC’s future to attend tomorrow’s Governing Board meeting,” Chancellor Lambert says. “The discussions will impact the role PCC plays in the academic and economic development of our community.”

The College’s primary sources of revenue historically have been tuition and fees, property taxes, and state appropriations. Here is background information: [Go to www.pima.edu/administrative-services/finance/budget/index.html to learn more.]

Tuition and fees

Currently, resident PCC students pay $65.50 per unit in tuition. That is the third-lowest cost among the 10 community college districts in Arizona. Tuition accounts for approximately 31 percent of PCC Fiscal Year 2014 budgeted general fund revenue; together, tuition and fees account for approximately $46.6 million in FY14 revenue

Property taxes

Property tax levy accounts for $96.4 million (61 percent) in FY14 general fund revenue. The College’s FY14 primary and secondary property tax rate of $1.29 per $100 of net assessed valuation ranks as the third-lowest among Arizona community colleges. The College will be free of debt by June, reducing to zero the secondary property tax, which is levied to pay off long-term debt, for FY15.

State appropriations

Chancellor Lambert noted that state aid to PCC has declined during the past decade, from $22.8 million in 2008 to the approximately $6.4 million contained in Gov. Jan Brewer’s proposal for FY15. State aid as a percentage of PCC’s operational revenue has remained at 5 percent for the past three fiscal years.

The College has not received any capital funding or Science, Technology, Engineering and Mathematics (STEM) program funding since 2008, a loss of approximately $3 million a year to help ensure that students are trained on current technology.

Funding for campuses

Interim Executive Vice Chancellor for Institutional Effectiveness Zelema Harris said student success is a critical primary goal of the College, and noted PCC will seek ways to fund an increase in campus student services operations, such as additional financial aid and academic advisors, as well as the hiring of more developmental education faculty.

“The College’s essential business, teaching and learning, occurs at the campuses,” Dr. Harris said. “It is crucial to provide our campuses with the resources they need, so they can do their utmost to aid our students’ educational journey.”

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