1. PRELIMINARY BUDGET 200-2009 PRESENTED TO THE DISTRICT GOVERNING BOARD APRIL 17, 2008

2. Calendar Activity Legal RequirementCalendar District Governing Board Reviews and Approves Preliminary Budget NoneMay 20 First Budget PublicationJune 5May 26 Second Budget PublicationJune 15June 2 Budget Public Hearing and Adoption by District Governing Board June 20June 9

3. Summary of Budget Data Increase/Decrease From Budget 2014 To Budget 2015 Budget 2015 2014Amount% I.CURRENT GENERAL AND PLANT FUNDS A.Expenditures: Current General Fund$40,705,055$39,905,502$799,5532.0% Unexpended Plant Fund6,654,0006,748,399(94,399)-1.4% Retirement of Indebtedness Plant Fund5,130,6765,081,40949,2671.0% TOTAL$52,489,731$51,735,310$754,4211.5% B.Expenditures Per Full-Time Student Equivalent (FTSE): Current General Fund$7,207/FTSE$6,964/FTSE$243/FTSE3.5% Unexpended Plant Fund$ 1,178 5,648 /FTSE$ 1,178 5,730 /FTSE$0 0.0% Projected FTSE Count II.TOTAL ALL FUNDS ESTIMATED PERSONNEL COMPENSATION Employee Salaries and Hourly Costs$24,911,143$23,975,742$935,4013.9% Retirement Costs2,037,2301,955,87781,3534.2% Healthcare Costs2,332,2562,220,820111,4365.0% Other Benefit Costs2,815,1072,775,36139,7461.4% TOTAL$32,095,736$30,927,800$1,167,9363.8%

4. Summary of Tax Levies and Rates Increase/Decrease From Budget 2014 To Budget 2015 Budget 20152014Amount% III.SUMMARY OF PRIMARY AND SECONDARY PROPERTY TAX LEVIES AND RATES A.Amount Levied: Primary Tax Levy$26,370,515$25,046,722$1,323,7935.3% Secondary Tax Levy5,130,6765,081,40949,2671.0% TOTAL LEVY$31,501,191$30,128,131$1,373,0604.6% B. Rates Per $100 Net Assessed Valuation: Primary Tax Rate2.00041.88470.11576.1% Secondary Tax Rate0.37990.33790.042012.4% TOTAL RATE2.38032.22260.15777.1% IV.MAXIMUM ALLOWABLE PRIMARY PROPERTY TAX LEVY FOR FISCAL YEAR 2015 PURSUANT TO A.R.S. §42- 17051 $27,228,703 V.AMOUNT RECEIVED FROM PRIMARY PROPERTY TAXES IN FISCAL YEAR 2014 IN EXCESS OF THE MAXIMUM ALLOWABLE AMOUNT AS CALCULATED PURSUANT TO A.R.S. §42-17051 $ 0

5. District Levy Assumption 1.2014-15 Maximum primary District levy is estimated to be $26,370,515. 2.2014-15 Primary assessed valuation is estimated to be $1,318,262,077. 3.2014-15 Secondary assessed valuation is estimated to be $1,350,318,738. 4.Proposed budget levy qualification: Arizona Western College is in compliance with primary tax levy limitations for 2014-15 based upon 2014 assessed value estimates contained in the 2014 Levy Limit Worksheet dated 3/18/2014.

6. Resources CURRENT FUNDSPLANT FUNDS GeneralRestrictedAuxiliaryUnexpendedRetirement ofOtherTotal % Fund Plant FundIndebtednessFundsAll Funds Increase/ 2015 2014Decrease BEGINNING BALANCES-July 1* Restricted$ $68,493$ $ $3,701,974$ $3,770,467$5,686,077-33.7% Unrestricted 15,316,809 7,564,468 5,268,551 191,328 28,341,156 28,515,054-0.6% Total Beginning Balances$15,316,809$68,493$7,564,468$5,268,551$3,701,974$191,328$32,111,623$34,201,131-6.1% REVENUES AND OTHER INFLOWS Student Tuition and Fees General Tuition$9,809,620$ 0$ 0$ 0 $ 0$ 0$ $9,652,7801.6% Out-of-District Tuition Out-of-State Tuition 752,000 787,000-4.4% Student Fees 3,100,820 3,067,8201.1% Tuition and Fee Remissions or Waivers State Appropriations Maintenance Support 2,726,600 2,754,400-1.0% Equalization Aid Capital Support 882,500 -- Property Taxes Primary Tax Levy 26,370,515 25,046,7225.3% Secondary Tax Levy 5,130,676 5,081,4091.0% Gifts, Grants, and Contracts 19,300,000 19,600,000-1.5% Sales and Services 2,470,000 2,448,0000.9% Investment Income 100,000 8,000 108,000 105,0002.9% State Shared Sales Tax 700,000 400,00075.0% Other Revenues 965,000 740,000 1,705,000 1,656,0003.0% Proceeds from Sale of Bonds Total Revenues and Other Inflows$40,723,735$20,882,500$6,318,820$ 0$5,130,676$ 0$73,055,731$70,599,1313.5% *These amounts exclude amounts not in spendable form (i.e., prepaids, inventories, and capital assets) or amounts legally or contractually required to be maintained intact.

7. Resources (cont.) CURRENT FUNDSPLANT FUNDS GeneralRestrictedAuxiliaryUnexpendedRetirement ofOtherTotal % Fund Plant FundIndebtednessFundsAll Funds Increase/ 2015 2014Decrease Total Revenues and Other Inflows (Cont.)$40,723,735$20,882,500$6,318,820$ 0$5,130,676$ 0$73,055,731$70,599,1313.5% TRANSFERS Transfers In 1,422,500 750,00089.7% (Transfers Out) (695,000) 8,450 (686,550) (895,550) -23.3% -605.6% Total Transfers (695,000) 0 8,450 1,422,500 0 0 735,950 (145,550) Less: Financial Stability(14,640,489) (7,309,978)(37,051) (21,987,518) (20,757,479)5.9% Grants/Scholarships (68,493) (89,734)(158,227) (1,782,089)-91.1% Debt Service (3,701,974) (3,973,988)-6.8% Other Miscellaneous (101,594) (106,695) -4.8% 2.5% Total Resources Available for the Budget Year$40,705,055$20,882,500$6,581,760$6,654,000$5,130,676$ 0$79,953,991$78,034,461 *These amounts exclude amounts not in spendable form (i.e., prepaids, inventories, and capital assets) or amounts legally or contractually required to be maintained intact.

8. Expenditures and Other Outflows CURRENT FUNDSPLANT FUNDS GeneralRestrictedAuxiliaryUnexpendedRetirement ofOtherTotal % Fund Plant FundIndebtednessFundsAll Funds Increase/ 2015 2014Decrease TOTAL RESOURCES AVAILABLE FOR THE BUDGET YEAR (from Schedule B) $40,705,055$20,882,500$6,581,760$6,654,000$5,130,676$ 0$79,953,991$78,034,4612.5% EXPENDITURES AND OTHER OUTFLOWS Instruction$17,957,636$3,882,500$89,755$ 0$ 0 $ 0$21,929,891$20,311,7608.0% Public Service 588,688 300,000 132,114 1,020,802 880,35716.0% Academic Support 3,027,45490,00011,460600,000 3,728,914 3,976,752-6.2% Student Services 4,352,583 850,000 916,193 31,500 6,150,276 5,122,43520.1% Institutional Support (Administration) 7,665,329 150,000 347,260 466,501 8,629,090 7,866,5709.7% Operation and Maintenance of Plant 5,411,905 150,000 620,601 197,438 6,379,944 5,476,56716.5% Scholarships 15,460,000 1,577,346 17,037,346 16,751,8801.7% Auxiliary Enterprises 2,644,563 3,168,866-16.5% Capital Assets 5,233,561 5,733,000-8.7% Debt Service-General Obligation Bonds 5,130,676 5,081,4091.0% Debt Service-Other Long Term Debt Other Expenditures 1,595,937-100.0% Contingency 1,701,460 242,468 125,000 2,068,928 0% Total Expenditures and Other Outflows$40,705,055$20,882,500$6,581,760$6,654,000$5,130,676$ 0$79,953,991 $78,034,4612.5%

9. 2014 Levy Limit Worksheet COUNTY OF: YUMA/LA PAZ COUNTIES TAX AUTHORITY: ARIZONA WESTERN (3/18/2014) 2014 NEW CONSTRUCTION=$56,673,873 SECTION A. 2013 MAXIMUM LEVY LIMIT A.12013 Maximum Allowable Primary Tax Levy$25,547,750 (Amount on Line D.5 from 2013 Worksheet) A.2Line A.1 Multiplied by l.02 Equals$26,058,705 SECTION B. 2014 NET ASSESSED VALUE OF ALL PROPERTY SUBJECT TO TAXATION IN 2013 B.lCentrally Assessed$165,302,832 B.2Locally Assessed Real$1,028,270,163 B.3Locally Assessed Personal Property$68,015,209 B.4Total of B.1 through B.3 Equals$1,261,588,204 B.5B.4 Divided by 100 Equals$12,615,882 SECTION C. 2014 NET ASSESSED VALUES C.1Centrally Assessed$213,366,845 C.2Locally Assessed Real$1,036,439,583 C.3Locally Assessed Personal Property$68,455,649 C.4Total of C.1 through C.3 Equals$1,318,262,077 C.5C.4 Divided by 100 Equals$13,182,621 SECTION D. 2014 LEVY LIMIT CALCULATION D.1Enter Line A.2$26,058,705 D.2Enter Line B.5$12,615,882 D.3Divide D.1 by D.2 And Enter Result$2.0655 D.4Enter Line C.5$13,182,621 D.5Multiply D.4 By D.3 And Enter Result$27,228,703 LINE D.5 EQUALS 2014 MAXIMUM ALLOWABLE LEVY LIMIT D.6Enter Excess Property Taxes Collectible Pursuant To ARS 42-17051, Section B 0 D.7Enter Amount In Excess Of Expenditure Limitation Pursuant To ARS 42-17051, Section C 0 D.8Line D.5 minus Line D.6 And D.7 Equals 2014 Allowable Levy $27,228,703

10. Annual Budgeted Expenditure Limitation Report Current Funds Plant Funds Unrestricted Description Auxiliary Retirement of General Enterprises Restricted Unexpended Indebtedness Total A.Total budgeted expenditures $40,705,055 $6,581,760 $20,882,500 $6,654,000 $5,130,676 $79,953,991 B.Less exclusions claimed: Bond proceeds $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Debt service requirements on bonded indebtedness (5,130,676) Proceeds from other long-term obligations Debt service requirements on other long-term obligations Dividends, interest, and gains on the sale or redemption of investment securities (100,000)(8,000) (108,000) Trustee or custodian Grants and aid from the federal government (19,700,000) Grants, aid, contributions, or gifts from a private agency, organization, or individual, except amounts received in lieu of taxes (300,000) Amounts received from the state for the purchase of land, and the purchase or construction of buildings or improvements (882,500) Interfund transactions Amounts accumulated for the purchase of land, and the purchase or construction of buildings or improvements (6,654,000) Contracts with other political subdivisions Tuition and fees (10,561,620)(3,100,820) (13,662,440) Property taxes received from voter-approved overrides Refunds, reimbursements, and other recoveries Prior years carryforward Total exclusions claimed $(10,661,620) $(3,108,820) $(20,882,500) $(6,654,000) $(5,130,676) $(46,437,616) C.Amounts subject to the expenditure limitation (If an individual fund type amount is negative, reduce exclusions claimed to net to zero.) $30,043,435 $3,472,940 $ 0 $ 0 $0 $33,516,375 D.Less expenditures of monies received pursuant to A.R.S. §15-1472 (workforce development) E.Adjusted amount subject to the expenditure limitation $33,516,375 F.Expenditure Limitation for Fiscal Year 2015 $51,887,392 Amount (over) under limitation $18,371,017

11. PRELIMINARY BUDGET 200-2009 PRESENTED TO THE DISTRICT GOVERNING BOARD APRIL 17, 2008