College Budget
Additional information on budget and other financial reports are available on the Financial Reports website.
Fiscal Year Budget Overview
Annually, the College prepares a budget based on projected enrollment, revenues, and expenses. The budget is developed through a series of Governing Board actions and discussions, which occur during the preceding fiscal year. These items include the budget forecast, strategic priorities, tuition & fees, capital projects, and contracts, forming the foundation of the final budget.
The final budget is submitted to the Governing Board for adoption in June of each year. The fiscal year begins July 1 and ends June 30.
Below are the most recent documents and timelines used in the annual budget process.
October 2020
- The Fall 2020 Budget Update was provided to the Governing Board at their meeting on October 7, 2020.
- The Fall 2020 Budget Update was provided to the Finance and Audit Committee at their meeting on October 23, 2020.
- The Fall 2020 Budget Update was provided at the All College Meeting on October 23, 2020.
November 2020
- The Fiscal Year 2021-2022 Budget Development Calendar was provided to the Governing Board at their meeting on November 4, 2020.
December 2020
- The Financial Update and Fiscal Year 2022 Budget Plans presentation was provided to the Governing Board at their Study Session on December 7, 2020.
February 2021
- The February 3, 2021 Governing Board meeting included the following budget-related items:
- Presentation of the Comprehensive Annual Financial Report for the fiscal year ended June 30, 2020.
- An update on the Fiscal Year 2021 and 2022 budgets and the implications of CARES Act/CRRSAA funds.
- Presentation of Course Fees for the 2021-2022 Academic Year.
- An amendment to the agreement with Follett, as well as a presentation on the Future of Bookstore, Food Service, and Vending Operations.
- On February 15, 2021, the Governing Board discussed the Fiscal Year 2021-2022 Budget. The discussion included ongoing challenges, revenue projections, and expenditures.
March 2021
- On March 5, 2021, Dr. David Bea discussed the Fiscal Year 2021-2022 Budget with Staff Council and Faculty Senate.
- The March 10, 2021 Governing Board meeting included several components of the budget development process. The Governing Board set tuition and service fees for Academic Year 2021-2022 and approved various items related to employee benefits.
- On March 12, 2021, Dr. David Bea discussed the Fiscal Year 2021-2022 Budget with the All Employee Representative Council.
- On March 30, 2021 Dr. David Bea hosted the first of two Virtual Budget Forums for College employees.
April 2021
- On April 2, 2021, Dr. David Bea hosted the second of two Virtual Budget Forums for College employees. Video of the Zoom webinar can be found here.
- An update on the Higher Education Emergency Relief Funds (HEERF) was provided to the Governing Board at their meeting on April 14, 2021.
- Dr. David Bea discussed compensation strategies with the All Employee Representative Council on April 16, 2021.
November 2019
- The Fiscal Year 2020-2021 Budget Development Calendar was presented to the Governing Board at their November 13, 2019 meeting.
December 2019
- On December 6, 2019, Dr. David Bea presented the budget forecast to Faculty Senate.
- On December 9, 2019, the Governing Board held a Study Session to review the College's budget forecast.
January 2020
- On January 8, 2020, the Comprehensive Annual Financial Report for the year ended June 30, 2019 was presented to the Governing Board.
- On January 13, 2020, the Budget Forecast was presented to the All College Council.
- Dr. David Bea presented the Budget Forecast at locations across the College. The full schedule of forums is also available.
February 2020
- On February 12, 2020, Dr. David Bea met with Student Senate to discuss the budget forecast.
- On February 24, 2020, the Governing Board held a Study Session to discuss the Fiscal Year 2021 budget.
March 2020
- On March 11, 2020, the Governing Board set tuition and fees for Fiscal Year 2021. The Governing Board also approved a contract with Segal Waters Consulting for a Classification and Compensation Study.
April 2020
- On April 1, 2020, an Administration Report provided to the Governing Board an update on the COVID-19 Financial Implications; the Board later delegated to the Chancellor authority to reduce or waive student fees for a specific period of time as a result of the pandemic. During this meeting, the Governing Board approved contracts for employee benefits.
- On April 3, 2020, the Governing Board held a Special Meeting to authorize the Chancellor or designee to execute an agreement with Southwest Hazard Control, Inc. for COVID-19 decontamination of College facilities.
- On April 17, 2020, the Governing Board held a Special Meeting to authorize the Chancellor or designee to purchase computers and mobile devices suitable for student use for online and remote education. The project would be funded by the CARES Act.
- On April 27, 2020, the Governing Board held a Study Session to discuss the Revised Budget Forecast, which included scenario planning and enrollment adjustments, economic impacts of COVID-19, Fiscal Year 2021 budget adjustments, and the priorities of the Governing Board.
May 2020
- On May 13, 2020, the Fiscal Year 2021 Proposed Budget was presented to the Governing Board. Further, the Board approved a request to publish the proposed budget. The Proposed Fiscal Year 2021 Capital Project Plan was also approved by the Governing Board.
- The proposed budget and first notice of the Public Hearing and Special Governing Board Meeting was published in the Arizona Daily Star on May 18, 2020. A press release was also distributed, as required by Arizona Revised Statutes.
- The proposed budget and the second notice of the Public Hearing and Special Governing Board Meeting was published in the Arizona Daily Star on May 26, 2020, as required by Arizona Revised Statutes.
June 2020
- On June 3, 2020, the Governing Board held a Public Hearing and a Special Meeting for the purposes of setting property tax rates and levies and adopting the budget for Fiscal Year 2020-2021. At the Regular Meeting, the Governing Board authorized a resolution to place a measure on the November 2020 general election ballot to modify the Pima Community College expenditure limitation.
- On June 11, 2020, the Governing Board adopted a resolution for placement of a measure on the November 2020 general election ballot for a permanent adjustment to the base expenditure limitation for Pima Community College.
July 2020
- On July 1, 2020, the 2020-2021 budget was implemented for the new fiscal year. The Fiscal Year 2021 General Fund Budget Detail is available online.
September 2018
- On September 5, 2018 the Governing Board adopted the resolution authorizing the issuance and sale of Revenue Bonds, Series 2018 or Series 2019. Total aggregate principal amount of the bonds is not to exceed $65.0M and will fund the initial projects of the Educational and Facilities Master Plans.
November 2018
- The Fiscal Year 2019-2020 Budget Development Calendar was presented to the Governing Board at their November 14, 2018 meeting.
December 2018
- On December 10, 2018 the Governing Board held a Study Session to review the FY18 financial results, FY19 progress, and FY20 budget outlook.
January 2019
- On January 9, 2019 the Comprehensive Annual Financial Report for the year ended June 30, 2018 was presented to the Governing Board.
February 2019
- Dr. David Bea presented the FY20 Budget Outlook to the Student Senate on February 15, 2019.
March 2019
- On March 4, 2019 the Governing Board held a Study Session to discuss the FY20 budget.
- On March 13, 2019 the Governing Board adopted tuition and fees for Academic Year 2019-2020. A detailed summary of the FY20 Budget Development Calendar was also presented.
April 2019
- In April 2019, Dr. David Bea presented the Fiscal Year 2019-2020 Budget Outlook at locations across the College. The full schedule is also available.
May 2019
- Dr. David Bea presented the Fiscal Year 2020 Proposed Budget to the Governing Board at their May 8, 2019 meeting. The Board approved a request to publish the proposed budget and Truth in Taxation Notification. The Proposed Fiscal Year 2020 Capital Budget was also approved by the Governing Board.
- The proposed budget and Truth in Taxation - Notice of Tax Increase' were published in the Arizona Daily Star on May 24, 2019. A press release was also distributed, as required by Arizona Revised Statutes.
June 2019
- The proposed budget and Truth in Taxation - Notice of Tax Increase' were published for a second time in the Arizona Daily Star on June 3, 2019, as required by Arizona Revised Statutes.
- On June 12, 2019 the Governing Board held a Public Hearing and a Special Meeting for the purposes of setting property tax rates and levies and adopting the budget for Fiscal Year 2019-2020.
July 2019
- On July 1, 2019, the 2019-2020 budget was implemented for the new fiscal year. View the 2019-2020 General Fund Budget Detail.