Board adopts budgets

June 7, 2018 by Anonymous

HOLBROOK — During a brief special meeting on June 5, the Navajo County Community College District Governing Board adopted a reduced budget for next fiscal year and a three-year capital projects budget.

The budget was reduced by $300,872 to reflect the lower property tax revenue resulting from the board’s May 19 decision to not increase the property tax rate to the maximum allowed under state statutes. The board set the tax rate at $1.8164 per $100 of net assessed valuation, an increase of less than 1 cent from the rate for the current year. The preliminary budget, adopted by the board at their April meeting, was based on increasing the tax levy to the maximum. The final budget can be reduced, but not increased, from the adopted preliminary budget.

Chief Business Officer Maderia Ellison explained budgets were cut across several college divisions and departments, with the majority coming from future grant support, consulting and contractual services, equipment and supplies. Board member Derrick Leslie confirmed there were no cuts made to the employee compensation package previously approved by the board.

While the capital projects budget is for a three-year period, allocations are only budgeted for projects in the first year. Funds are included for initial planning and design for two major improvement projects on the Show Low campus – construction of a new Allied Health building and for repairs to the Learning Center.

The next regularly-scheduled meeting will be Tuesday, June 19, at 10 a.m. in the Tiponi Community Center on the Holbrook – Painted Desert Campus, 2251 E. Navajo Blvd. Copies of the agenda will be posted online at least 24 hours in advance.

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