What were the key operating budget assumptions adopted by the Board of Trustees?
• Total fall 2009 undergraduate student headcount enrollment of 2,395, which is 4.7 percent or 119 students lower than the actual fall 2008 headcount of 2,514. • New undergraduate students of 680 (550 freshmen and 130 transfers) for fall 2009, which is 14.9 percent or 119 students fewer than the 799 (675 freshmen and 124 transfers) new undergraduate students who enrolled for fall 2008. The lower projection for fall 2009 reflects current application trends and concern about the state and national economies. • A 2 percent or $660 increase in undergraduate tuition and fees from $33,250 to $33,910. This rate of increase is significantly lower than the 7.0 percent rate of increase in FY 2008-2009 and represents the lowest increase in the last four decades. • A 0 percent increase in room costs and a 5 percent or $260 increase in board costs from a total of $11,680 to $11,940. These rates of increase can be compared with the 5.5 percent increase in room costs and 5 percent increase in board c
Related Questions
- Why do the operating budget assumptions freeze or decrease employer contributions to employee benefits programs rather than reduce some other operating budget expense?
- What are the operating budget projections for FY 2009-2010 that result from the assumptions adopted by the Board of Trustees?
- How can the College formulate operating budget assumptions and projections in such uncertain economic conditions?
