80 percent of tax revenue collected in Taxing District not spent on Sedona Center
There is little disagreement over the claim that the Sedona Taxing District annually paid nearly $7 million dollars in 2014/15 in primary and secondary taxes to support Yavapai College. In a document dated October 1, 2015, the College conceded that about 80% of the tax revenue from the Taxing District for 2014/15 will be spent elsewhere. Here are some of the estimates made by the College in that document.
It estimated that it allocated $53,484 in direct costs to the Center. It then estimated, without any details, that it allocated $191,258 in indirect costs to the Center. This brought the total direct and indirect costs to $244,742. It added without any details that it put in $95,324 for preventative maintenance. In addition, it claimed it put in furniture, fixtures, equipment and library books costing $44,932. Since there were virtually no students at the facility, this figure seems questionable.
It also added into its costs the expansion and paving of the parking lot. This is claimed came to $1,073,564. Using the College figures, it appears that $1,458,562 was spent on the Sedona Center. This left $5,926,436 to be used elsewhere. That money found its way to the Prescott campus where it is helping build and renovate a $5 million fine arts building.
The College conceded in writing that it did not have any full-time faculty assigned to the Center during the academic year 2014/15.