1. COCONINO COMMUNITY COLLEGE BUDGETING 101 History & Evolution of CCC Financial Overview Revenue Sources Expenditures Coconino Community College Fall 2013 Budgeting 101

2. COCONINO COMMUNITY COLLEGE BUDGETING 101 History & Evolution of Coconino Community College Fall 2013 Budgeting 101

3. 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. Coconino Community College Fall 2013 Budgeting 101

4. 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. Coconino Community College Fall 2013 Budgeting 101

5. 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 Coconino Community College Fall 2013 Budgeting 101

6. 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. Coconino Community College Fall 2013 Budgeting 101

7. 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. Coconino Community College Fall 2013 Budgeting 101

8. COCONINO COMMUNITY COLLEGE BUDGETING 101 Financial Overview & Projections Coconino Community College Fall 2013 Budgeting 101

9. Coconino Community College Fall 2013 Budgeting 101 FY 2012 Percent of AmountTotal General Fund $ 17,270,67065.1% Auxiliary funds 27,9590.1% Restricted Funds 6,998,62126.4% Unexpended Plant Funds 205,3900.8% Retirement of Indebtedness 2,017,4517.6% $ 26,520,091100.0% Breakdown of Restricted Funds Pell $ 4,920,90118.6% Other scholarships 155,9050.6% Grants 1,921,815 7.2% $ 6,998,62126.4%

10. Coconino Community College Fall 2013 Budgeting 101 FY 2012 Revenues by SourcePercent of AmountTotal Operating revenues Tuition and fees $ 7,969,31730.1% Private contracts 404,4971.5% Bookstore income 118,1410.4% Auxiliary enterprises 27,9590.1% Other operating revenues 192,9510.7% Total operating revenues 8,712,86532.9% Nonoperating revenues Property taxes 8,623,94032.5% State appropriations 1,836,0006.9% Government grants 6,595,40924.9% Share of state sales taxes 385,5121.5% Investment earnings 267,3911.0% Other nonoperating revenues 98,9740.4% Total nonoperating revenues 17,807,22667.1% Total revenues $ 26,520,091100.0%

11. Coconino Community College Fall 2013 Budgeting 101 FY 2012 Revenues by SourcePercent of AmountTotal Operating revenues Tuition and fees $ 7,765,19245.0% Private contracts 368,6602.1% Bookstore income 118,1410.7% Other operating revenues 192,9511.1% Total operating revenues 8,444,94448.9% Nonoperating revenues Property taxes 6,624,60338.4% State appropriations 1,836,00010.6% Government grants 16,8720.1% Investment earnings 267,3911.5% Other nonoperating revenues 80,8600.5% Total nonoperating revenues 8,825,72651.1% Total revenues $ 17,270,670100.0%

12. COCONINO COMMUNITY COLLEGE BUDGETING 101 Revenues State Aid Tuition & Fees Property Taxes Coconino Community College Fall 2013 Budgeting 101

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17. COCONINO COMMUNITY COLLEGE BUDGETING 101 Revenues State Aid Tuition & Fees Property Taxes Coconino Community College Fall 2013 Budgeting 101

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20. COCONINO COMMUNITY COLLEGE BUDGETING 101 Revenues State Aid Tuition & Fees Property Taxes Coconino Community College Fall 2013 Budgeting 101

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25. COCONINO COMMUNITY COLLEGE BUDGETING 101 Revenues State Aid Tuition & Fees Property Taxes Coconino Community College Fall 2013 Budgeting 101

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28. COCONINO COMMUNITY COLLEGE BUDGETING 101 Expenditures Coconino Community College Fall 2013 Budgeting 101

29. Coconino Community College Fall 2013 Budgeting 101 FY 2012 Percent of AmountTotal General Fund $ 15,499,47660.3% Auxiliary funds 38,7150.2% Restricted Funds 6,785,82226.4% Unexpended Plant Funds 1,385,6865.4% Retirement of Indebtedness 1,986,9307.7% $ 25,696,629100.0%

30. Coconino Community College Fall 2013 Budgeting 101 FY 2012 Expenses by FunctionPercent of AmountTotal Operating expenses Education and general: Instruction $ 7,288,13630.2% Public service 290,1571.2% Academic support 1,806,6647.5% Student services 1,997,4628.3% Institutional support 4,199,37317.4% Operation and maintenance of plant 1,626,5596.7% Scholarships 5,259,96921.8% Auxiliary enterprises 38,7150.2% Depreciation 1,175,6344.8% Total operating expenses 23,682,66998.0% Nonoperating expenses Interest expense on debt 462,0381.9% Loss on disposal of capital assets 27,0300.1% Total nonoperating expenses 489,0682.0% Total expenses $ 24,171,737100.0%

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32. Coconino Community College Fall 2013 Budgeting 101 Expenses by NaturalFY 2012 Classification Percent of AmountTotal Operating expenses Compensation and benefits 12,758,43052.8% Contract services 1,985,6198.2% Supplies and other services 899,2273.7% Annual fixed charges 799,9643.3% Communication and utilities 552,5912.3% Travel 172,8650.7% Scholarships 5,273,54821.8% Depreciation 1,175,6344.8% Other 64,7910.3% Total operating expenses 23,682,66998.0% Nonoperating expenses Interest expense on debt 462,0381.9% Loss on disposal of capital assets 27,0300.1% Total nonoperating expenses 489,0682.0% Total expenses $ 24,171,737100.0%

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34. Coconino Community College Fall 2013 Budgeting 101 Expenses by NaturalFY 2012 ClassificationPercent of AmountTotal Operating expenses Compensation and benefits11,451,36473.9% Contract services 1,835,49611.8% Supplies and other services 569,4933.7% Annual fixed charges 747,4964.8% Communication and utilities 550,6533.6% Travel 124,1140.8% Scholarships 173,4231.1% Other 47,4370.3% Total operating expenses$15,499,476100.0% Nonoperating expenses Interest expense on debt0.0% Loss on disposal of capital assets0.0% Total nonoperating expenses -0.0% Total expenses $ 15,499,476100.0%

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36. COCONINO COMMUNITY COLLEGE BUDGETING 101 Thank You Questions? Coconino Community College Fall 2013 Budgeting 101