Agenda Item No. V. A. 3.

Washburn University Board of Regents

SUBJECT: Proposed Room, Board, and Family Housing Rates for FY1999-00

DESCRIPTION: At the April 1998 meeting of the Board of Regents, room and board rates and family housing rates were increased approximately 1.6% to their FY99 amounts as indicated below. As a part of the development of the FY00 operating budget, the management of these units have reviewed projected FY99 operations, the financial impact of the University's salary increase for FY00, the rate of inflation for calendar 1998 and rates at several other universities. Based upon this review, it is proposed that room and family housing rates be increased approximately 1.6%, the rate of inflation for calendar 1998 per the Consumer Price Index. It is proposed that board rates be increased approximately 2.2% (the rate of inflation for food and beverages for calendar 1998). The proposed FY00 rates have been rounded to the nearest $5 increment, therefore, the actual percentage increases may not equal 1.6% or 2.2%.

I. DORMITORIES

ROOM BOARD TOTAL
FY99 FY00 PROPOSAL % INCR. FY99 FY00 PROPOSAL % INCR. FY99 FY00 PROPOSAL INCREASE
Carruth -- Double $1,525 $1,550 1.6 $1,630 $1,665* 2.1 $3,155 $3,215 $60
-- Single $2,290 $2,325 1.5 $1,630 $1,665* 2.1 $3,920 $3,990 $70
Kuehne & West $1,630 $1,655 1.5 $1,630 $1,665* 2.1 $3,260 $3,320 $60

*In addition to basic $1,665 contract, alternative contracts in the amount of $1,870 and $2,080 are offered.

Attached is a comparison of these proposed rates with the current FY99 rates being charged at the State Regents' institutions. As illustrated, the proposed FY00 rates compare very favorably with these other universities even before their FY00 rates are established.

II. FAMILY HOUSING

FY99 FY00 PROPOSED % INCREASE
$190/month $195/month 2.6%

(Note: Actual 1.6% increase is $193. Rounded to $195 to enable rent to remain on $5 increments).

FINANCIAL IMPLICATIONS: Annual room and board cost to students would increase from $60 to $70 depending on dormitory and room type (approximately $6.66 to $7.78 per month).

Family housing cost would increase $5 per month.

RECOMMENDATION: President Farley recommends Board of Regents approval of the FY00 rates as proposed above.

________________________ _______________________________________

(date) Jerry B. Farley, President

COMPARISON OF ROOM & BOARD RATESFOR TYPICAL DOUBLE OCCUPANCY ROOM & BOARD CONTRACT

CURRENT

FY99

PROPOSED

FY00(*)

PERCENTAGE

CHANGE

KU $3,832 $3,941 2.8%
KSU $3,780 $3,950 4.5%
WSU $3,945 $4,060 2.9%
ESU $3,560 $3,656 2.7%
PSU $3,544 $3,670 3.6%
FHSU $3,632 $3,770 3.8%
WASHBURN $3,260 $3,320 1.8%

(*) Source of State Regents' distribution data Fiscal Affairs Agenda Item 2 for November 19, 1998 meeting.


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