Construction on Prescott and CTEC Campuses over budget; general fund shows a large surplus
Yavapai Community College has just released the unaudited accounting statement ending the fiscal year, which runs from July 1 to June 30. According to the statement, the capital budget will be in the red by $2.4 million dollars. However, the College claims that it will offset that amount in the coming budget.
The College also reports that the general fund has a net surplus of $1,688,000. If correct, it raises questions about the need for increasing property taxes that was pushed by the Wills’ administration so hard and approved 3-2 in June. The following are the College documents stating the surplus and the deficit.
