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FY20 BUDGET WORK SESSIONPrepared for YC District Governing BoardJanuary, 2019
HIGHER EDUCATION OVERVIEWSlide 1
Public 4-Year35%
Public 2-Year42%
Private 4-Year 15%
For Profit 8%
Per The College Board, April 2016
2016 NATIONAL UNDERGRADUATE ENROLLMENTS BY HIGHER EDUCATION SECTOR
Slide 2
Slide 3
PURPOSE OF HIGHER EDUCATION
Research
Teaching & Learning
Public Service
HIGHER EDUCATION IS A “PRIVATE GOOD”
Slide 4
EDUCATION IS A “PUBLIC GOOD”EDUCATIONAL ATTAINMENT, MEDIAN EARNINGS, TAX PAYMENTS
SOURCE: The College Board, Education Pays 2016, Figure 2.1Slide 5
HIGHER EDUCATION IS A “PUBLIC GOOD”Educational Attainment Social Benefits/Savings
Reduced alcohol dependence or abuse
Reduced smoking
Reduced prevalence of frequent mental distress
Reduced illicit drug dependence
Reduced Medicaid
Decreased incarceration rates
Declines in Temporary Assistance for Needy Families (TANF)
Declines in Supplemental Nutrition Assistance Program (SNAP)
Reduced Supplemental Security Income (SSI)
Reduced unemployment insurance
Professional Degree
Doctoral Degree
Masters Degree
Bachelors Degree
Associates Degree
Some College, No Degree
High School
Less than High School
Americans believe higher education is a public benefit and that the government should do more to make it affordable
• Government should spend tax dollars on higher education because it is good for society (60%)-Source: New America’s Annual Survey on Higher Education, 2018 Slide 6
Source: U.S. Census and Bureau of Economic Analysis
Educational Attainment and Prosperity: 1960-2010
Courtesy of Dan HuntingSlide 7
A 1% increase in Bachelor’s Degree rate translates to a $1,000 increase in per capita personal income for everyone.
Arizona’s Trajectory: 1960-2010
1960
1970
19801990
2000 2010
Source: U.S. Census and Bureau of Economic Analysis
Courtesy of Dan HuntingSlide 8
AMERICANS LIKE THEIR LOCAL COMMUNITY COLLEGES BEST
Source: New America’s Annual Survey on Higher Education, 2018.
83%
Contribute to a strong American workforce
81%
Worth the Cost
Slide 10
YAVAPAI COUNTYSlide 11
YAVAPAI COUNTY OVERVIEW
>8,100 sq. mi.
75% Federal, State, Tribal lands
Slide 12
YAVAPAI COUNTY POPULATION CENTERS
Source: EASI Analytics, Inc., 2018 Slide 13
DEMOGRAPHICS
Slide 14
HIGH SCHOOL ENROLLMENT
Source: Arizona Department of Education, October Enrollment TablesSlide 15
AZ K-12 STUDENT PERFORMANCE
Source: National Assessment of Educational Progress (NAEP), 2017 Scores Slide 16
EDUCATIONAL ATTAINMENT WORKFORCE POPULATION 25-64
Slide 17
POVERTY
20.4%
16.0%
11.5%
6.4%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
Less than high schoolgraduate
High school graduate/GED Some college or associate'sdegree
Bachelor's degree or higher
Yavapai County Poverty Rate by Educational Attainment
Slide 18
WEALTHCounty State National
Median Income $46.6k $52.0k $55.3k
Poverty 14.7% 17% 14.6%
Near Poverty 25.0% 27% 23.7%
Free/ Reduced Lunch 43.5% 57% 52.1%
ALICE 42.4% 41.6% 40%
19
COUNTY JOB MARKET
20
STATE JOB MARKET
Slide 21
YAVAPAI COLLEGESlide 22
Slide 23
YAVAPAI COLLEGE
Link to "Yavapai You Can" video
YAVAPAI COLLEE DGB ENDS Education
Economic Development
Provide social and cultural opportunities
24 Slide 24
Vision: Yavapai College makes our communitya premier place to learn, work, and live.
Slide 25
Mission:Yavapai College will provide quality higher learning and cultural resources
for the diverse populations of Yavapai County.
26 Slide 26
SERVICE DISTRICT
2 full service campuses
4 centers
Offsite: 10 high schools
Online Including 4 library partnerships
Slide 27
Slide 28
FTSE TREND BY SITE
YC IS A COMPREHENSIVE COMMUNITY COLLEGE
Educational Programs Adult Basic Ed & ESL
Dual Credit
Developmental Education
Transfer
Career Preparation
Continuing Education
Slide 29
YC STUDENT DEMOGRAPHICS58% Female
83% County Residents
77% Part-Time
32 Average Age
63% Degree Seeking
21% High School
10,116 Credit Students
4,185 Non-Credit Students
21% Online Exclusively
20% Online & Campus
59% Campus Exclusively
25% Minority, Non-White*
Source: Yavapai College, Institutional Effectiveness and Research (IER)Slide 30
TRENDSBasic Needs InsecurityUnderprepared Students
57% First-time Full-time Degree-Seeking Students Awarded Pell
30% Of All Credit Students Awarded Pell Slide 31
FTSE DRIVERSPOPULATION & UNEMPLOYMENT
Slide 32
Slide 33
Slide 34
ENROLLMENT MIGRATION OF EAST COUNTY RESIDENTS
Slide 35
YC ENROLLMENT COMPARISON
Yavapai College enrollment increased in 2018 for the first time in six years breaking with the national and Arizona trends.
Source: U.S. and Arizona enrollment from the Integrated Postsecondary Educational Data System (IPEDS)—Note 2017-18 data modeled by IER. Yavapai College enrollment, IER.Slide 36
MEASURES OF EXCELLENCE
Aspen Top 150
Retention (FT/PT) 45.5% 58.3%
Complete/Transfer (FT) 50.6 49.3
Credential Rate per (FT/PT) 34.3 46.4
Improvement 2% 3.8%
EquityComplete/ Transfer 56.7 43.9Credential Rate 17.1 29.3
Slide 37
PATHWAYS TO IMPROVEMENT
Slide 38
HEADWINDS TO COMPLETION
Inadequate state funding
High school grads not college ready
Online success rates
Student financial stress More Part time More online
Slide 39
BRIEF RECESSSlide 40
BUDGET OVERVIEW Revenues
Slide 41
YC MAKING A DIFFERENCE
42
Link to "Andy Meyers talks Yavapai College" video
Source: YC CAFR Slide 43
Source: Consolidated 2015-17 AZ Community College State Aid Request Slide 44
PROPERTY TAXES
Top 50 Taxpayers provide 17% of total Property Tax Revenue
Taxpayer YC Supporting Programs1 ARIZONA PUBLIC SERVICE COMPANY Lineworker and Electrical
Instrumentation Technology2 PHELPS DODGE BAGDAD INC/BAGDAD MINE Diesel, Electrical Instrumentation,
Industrial Machine Maintenance, Welding
3 DRAKE CEMENT LLC Diesel, Electrical Instrumentation, Industrial Machine Maintenance, Welding
4 PHOENIX CEMENT CO / SALT RIVER MATERIALS Electrical Instrumentation, Industrial Machine Maintenance, Welding
5 TRANSWESTERN PIPELINE COMPANY LLC -6 UNISOURCE ENERGY CORPORATION Diesel, Industrial Machine
Maintenance7 BNSF RAILWAY COMPANY -8 STURM RUGER & CO INC CNC Machining, Entry Level
Manufacturing Certificate 9 KINDER MORGAN -10 QWEST CORPORATION -
Slide 45
Source: FY2019-20 Arizona Community Colleges State Aid Request.
Source: ABOR Tuition history & ABOR Annual Report Slide 46
Source: Consolidated AZ CC State Aid Request
Slide 47
BUDGET OVERVIEW General Fund
Slide 48
ACTUAL EXPENSES BY FUND
Source: YC Audited Financial InformationSlide 49
ACTUAL EXPENSE BY FUNCTION
Slide 50
SPENDING MONEY TO SUPPORT STUDENT SUCCESS
Slide 51
BUDGETED EXPENSE BY DGB END
Slide 52
ACTUAL EXPENSES BY ACCOUNT
Slide 53
MARKET COMPETITIVE LABORCOMPENSATION RANGE AND RAISES
Slide 54
OPERATING COSTS PER FTSE BENCHMARKS Why more $ than average AZ CC? AZ Very Efficient State Unique Services Athletics Community Events FEC Res Halls Scholarships
Operations Room for Growth Product Mix
(CTE & Non-Credit) Geography
Slide 55
OPERATING COSTS PER FTSE TREND YC VS. NATIONAL COMMUNITY COLLEGES
Slide 56
EXPENSE BY DEPARTMENT
See Handout
Slide 57
BUDGET Non-Operating Funds
Slide 58
YC Making a Difference
59
Link to "Cassie Norman talks Yavapai College video
DEBT
Slide 60
GRANTS
Slide 61
AUXILIARY
Slide 62
CAPITAL
Fixed Capital Deferred Maintenance $4M Unplanned $ .25M Equip Replacement $2.2M FFE $ .25M Library $ .1M Contingency $ .25M
TOTAL $7.1M
Variable Capital Capital Improvement Plan Renovations for evolving program needs New Construction for new Community needs
Slide 63
THANK YOU!Slide 64
