Thursday, June 12, 2014

EKU regents approve new student fees

EKU regents approve new student fees

$100 per semester for athletics, campus improvements

- See more at: http://www.richmondregister.com/localnews/x1760096611/EKU-regents-approve-new-student-fees#sthash.L8qGKNtT.dpuf

$100 per semester for athletics, campus improvements


This from the Richmond Register:
The Eastern Kentucky University budget will rise by 3 percent for 2014-15, supported by a a 5-percent tuition hike approved in April and new student fees approved Monday.

Beginning in August students on the Richmond campus will have to pay two $50 per-semester fees, one for athletics and another for “campus enhancement.”

Each fee is projected to raise about $1 million for the year, according to Karen Neubauer, executive director of budgeting, financial planning and fiscal effectiveness.

The budget also projects nearly $616,000 for support of the EKU Center for the Arts.

More than two weeks remain in the current fiscal year, but the university expects to pay $920,000 to support the performing arts center for 2013-14.

That is about $470,000 more than was budgeted, according to Barry Poynter, EKU Vice President for Finance and Administration.

With the center under new leadership, however, its community operations board is hopeful the full amount budgeted for support will not be needed, said Poynter, who also serves on the center board.

When asked by a regent during the board’s finance committee meeting if unexpected deficits are likely to be a recurring pattern, Neubauer said the center is under new leadership and its board is optimistic about the coming year’s outlook.

In other financial matters, the board authorized President Michael Benson and Barry Poynter, Vice President for Finance and Administration, to finalize a long-term lease for Grand Campus at Yorick Place to be part of the university’s housing inventory.

According to Janet Craig, finance committee chair, the negotiations are underway and the authorization will allow Benson to complete them.

Board chair Craig Turner said Eastern is looking to lease around 500 rooms that will be considered an “extension” of university housing.

Prices will be comparable to other EKU residence halls, Turner said, but no definite number can be given until the negotiations are completed around Aug. 1. - See more at: http://www.richmondregister.com/localnews/x1760096611/EKU-regents-approve-new-student-fees#sthash.L8qGKNtT.dpuf

Barry Poynter
The Eastern Kentucky University budget will rise by 3 percent for 2014-15, supported by a a 5-percent tuition hike approved in April and new student fees approved Monday.
Beginning in August students on the Richmond campus will have to pay two $50 per-semester fees, one for athletics and another for “campus enhancement.”

Each fee is projected to raise about $1 million for the year, according to Karen Neubauer, executive director of budgeting, financial planning and fiscal effectiveness.

The budget also projects nearly $616,000 for support of the EKU Center for the Arts.

More than two weeks remain in the current fiscal year, but the university expects to pay $920,000 to support the performing arts center for 2013-14.

That is about $470,000 more than was budgeted, according to Barry Poynter, EKU Vice President for Finance and Administration.

With the center under new leadership, however, its community operations board is hopeful the full amount budgeted for support will not be needed, said Poynter, who also serves on the center board.

When asked by a regent during the board’s finance committee meeting if unexpected deficits are likely to be a recurring pattern, Neubauer said the center is under new leadership and its board is optimistic about the coming year’s outlook.

In other financial matters, the board authorized President Michael Benson and Barry Poynter, Vice President for Finance and Administration, to finalize a long-term lease for Grand Campus at Yorick Place to be part of the university’s housing inventory.

According to Janet Craig, finance committee chair, the negotiations are underway and the authorization will allow Benson to complete them.

Board chair Craig Turner said Eastern is looking to lease around 500 rooms that will be considered an “extension” of university housing.

Prices will be comparable to other EKU residence halls, Turner said, but no definite number can be given until the negotiations are completed around Aug. 1.
The Eastern Kentucky University budget will rise by 3 percent for 2014-15, supported by a a 5-percent tuition hike approved in April and new student fees approved Monday.

Beginning in August students on the Richmond campus will have to pay two $50 per-semester fees, one for athletics and another for “campus enhancement.”

Each fee is projected to raise about $1 million for the year, according to Karen Neubauer, executive director of budgeting, financial planning and fiscal effectiveness.

The budget also projects nearly $616,000 for support of the EKU Center for the Arts.

More than two weeks remain in the current fiscal year, but the university expects to pay $920,000 to support the performing arts center for 2013-14.

That is about $470,000 more than was budgeted, according to Barry Poynter, EKU Vice President for Finance and Administration.

With the center under new leadership, however, its community operations board is hopeful the full amount budgeted for support will not be needed, said Poynter, who also serves on the center board.

When asked by a regent during the board’s finance committee meeting if unexpected deficits are likely to be a recurring pattern, Neubauer said the center is under new leadership and its board is optimistic about the coming year’s outlook.

In other financial matters, the board authorized President Michael Benson and Barry Poynter, Vice President for Finance and Administration, to finalize a long-term lease for Grand Campus at Yorick Place to be part of the university’s housing inventory.

According to Janet Craig, finance committee chair, the negotiations are underway and the authorization will allow Benson to complete them.

Board chair Craig Turner said Eastern is looking to lease around 500 rooms that will be considered an “extension” of university housing.

Prices will be comparable to other EKU residence halls, Turner said, but no definite number can be given until the negotiations are completed around Aug. 1. - See more at: http://www.richmondregister.com/localnews/x1760096611/EKU-regents-approve-new-student-fees#sthash.L8qGKNtT.dpuf
The Eastern Kentucky University budget will rise by 3 percent for 2014-15, supported by a a 5-percent tuition hike approved in April and new student fees approved Monday.

Beginning in August students on the Richmond campus will have to pay two $50 per-semester fees, one for athletics and another for “campus enhancement.”

Each fee is projected to raise about $1 million for the year, according to Karen Neubauer, executive director of budgeting, financial planning and fiscal effectiveness.

The budget also projects nearly $616,000 for support of the EKU Center for the Arts.

More than two weeks remain in the current fiscal year, but the university expects to pay $920,000 to support the performing arts center for 2013-14.

That is about $470,000 more than was budgeted, according to Barry Poynter, EKU Vice President for Finance and Administration.

With the center under new leadership, however, its community operations board is hopeful the full amount budgeted for support will not be needed, said Poynter, who also serves on the center board.

When asked by a regent during the board’s finance committee meeting if unexpected deficits are likely to be a recurring pattern, Neubauer said the center is under new leadership and its board is optimistic about the coming year’s outlook.

In other financial matters, the board authorized President Michael Benson and Barry Poynter, Vice President for Finance and Administration, to finalize a long-term lease for Grand Campus at Yorick Place to be part of the university’s housing inventory.

According to Janet Craig, finance committee chair, the negotiations are underway and the authorization will allow Benson to complete them.

Board chair Craig Turner said Eastern is looking to lease around 500 rooms that will be considered an “extension” of university housing.

Prices will be comparable to other EKU residence halls, Turner said, but no definite number can be given until the negotiations are completed around Aug. 1. - See more at: http://www.richmondregister.com/localnews/x1760096611/EKU-regents-approve-new-student-fees#sthash.L8qGKNtT.dpuf

1 comment:

Anonymous said...

Why do students have to pay $50 for campus enhancement when the general fund should be paying for this?

Why do students have to pay another $50 for athletics when 90% neither participate in nor attend these events?

Why are student funds being used to subsidize an arts center in which ticket prices are too high for them to attend and performers are by in large not of interest to student body?

Why are students funds being used to pay a private vendor for housing while the university plans to demolish university owned housing structures (which it has failed to modernize over the years) in order to create "green space" and "welcoming points of campus entry?"

I am ok with paying for good professors and updated technology and enhanced learning opportunities to make me more marketable but all these expenses seem focused on the university, not the student.