RVCC 2019 NECHE Self-Study

COMMUNITY COLLEGE SYSTEM OF NEW HAMPSHIRE
(A Component Unit of the State of New
Hampshire) Management's Discussion and
Analysis (Unaudited) June 30, 2018 and 2017
Operating revenues
Fiscal year 2018 net tuition and fees decreased by $735 thousand relative to fiscal year 2017. Gross
tuition decreased in fiscal year 2018 by approximately $1.1 million (2.1%) relative to fiscal year 2017.
The decrease is attributable to a decline in credits sold of 5.3% offset by an increase in tuition rates
of 5% and slight changes in the mix of credits sold from higher rate credits to lower rate credits.
Gross fees increased by $1.4 million (16%) mainly due to an increase in academic instruction fees of
$50 per credit effective fiscal year 2018. The system also saw a slight increase in non-credit revenue
of about $100 thousand due to an increase in volume.
Fiscal year 2018 saw an increase in scholarship expenses of about $1.14 million relative to fiscal year
2017.
Operating revenues decreased by $3.8 million between 2016 and 2017. This is primarily due to a
decrease in federal grants and contracts. During 2017, the H-1B Job Training Grant and U.S.
Department of Labor Trade Adjustment Act were in their final years of significant funding.
Nonoperating revenues and other changes
Total nonoperating revenues increased by $4.4 million in fiscal year 2018 relative to fiscal year 2017.
This increase is primarily attributable to an increase in operating state appropriations of $2.7 million
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