Using our community’s resources wisely
PCC Board of Directors member Denise Frisbee (second from the right) reviews bond construction with architects.
PCC is committed to good stewardship and careful consideration when it comes to using the public’s tax dollars. For every dollar appropriated to PCC by state and local government, taxpayers will see a return of six times that amount in the form of higher tax receipts and savings associated with improved health, fewer unemployment claims and other avoided social costs.
How it works
- How $1 gets spent.
- In the PCC budget, about 52 cents of every dollar brought in as revenue is spent on instruction and instructional support; 26 cents is used to support students and the college; 10 cents goes to facilities maintenance and operations; and 12 cents makes up the cost of transfer expenditures, contingencies and the ending fund balance.
- PCC receives funding from three primary revenue sources: state
funds, student tuition and local property taxes. As a proportion of total operating revenue, the state's general fund support has dropped from 52 percent in 2000 to 35 percent in 2009 to 2011. The 2009 to 2011 general fund budget is $327.67 million.
Funding source and percentages of total budget Funding Source Percentage of Budget State Formula Support 34.89% Transfer Revenues 2.01% Tuition and Fees 35.97% Interest on Investments 0.41% Property Taxes 15.85% Miscellaneous 1.05% Beginning Fund Balance 9.82%
- Oversight by elected board.
- The seven-member PCC Board of Directors, selected from across the district, is responsible for ensuring the college's effective and ethical use of public and private resources.
- Annual audit.
- The college successfully undergoes an independent financial audit every year. As a recipient of the Distinguished Budget Presentation Award seven years in a row, PCC satisfies nationally recognized guidelines for effective budget presentation.
- Commitment to affordability.
- With unemployment on the rise, more people are turning to PCC for retraining in new careers. During tough economic times, it's more important than ever that PCC continues to offer affordable education and job training opportunities.
- 2008 Bond Measure.
- In November 2008, voters approved PCC's bond measure to expand workforce training, update equipment and technology, and serve more students throughout the district. Already, the bond measure helped fund construction for the new Willow Creek Center in Washington County, as well as to develop a new facility in Newberg. Most new construction related to the bond will begin by 2012 and be completed by 2016. The college is committed to completing the projects on time and on budget.