THE STUDENT NEWSPAPER FOR DRAKE UNIVERSITY SINCE 1884
THE TIMES-DELPHIC DES MOINES, IOWA | THURSDAY, FEB. 17, 2011 | VOL. 129, NO. 28 | WWW.TIMESDELPHIC.COM
Follow the money A closer look at the university’s finances
With news of tuition increases and efforts to raise awareness of alumni contributions, students may be wondering just where all that cash is going. The Times-Delphic reports.
compiled by Bailey Berg Staff Writer bailery.berg@drake.edu
Paying the Bills
$122,294,000 $39,048,000
$
university’s operating budget for fiscal year
direct instruction
2010-2011
(classroom teachers supplies)
What’s coming in
$125,716,000
$9,592,100
student services
(career services, dean of students, student activities, admissions, etc.)
tuition and fee revenue
- $47,772,000
$18,507,500
student financial aid
academic support
(university funded scholarships and grants Not included: loans, state Iowa Tuition Grants, federal aid, outside scholarships)
(all academic administration, libraries, technology)
$10,663,500
$77,944,000
public services
net tuition revenue
(grant-funded programs)
+ $44,350,000
$42,962,700
(from room and board, athletics, parking, endowment, gifts, grants and miscellaneous sources)
other expenses (residence halls, dining, athletics, security, marketing and communications, fundraising and alumni staff, business and accounting staff, human resources, president’s office)
TOTAL
TOTAL
revenue
$120,773,800
$122,294,000
The numbers provided here come from the office of Victoria Payseur, chief financial officer of the university. For information on the breakdown of tuition, students can find a comprehensive explanation at www.drake.edu/finaid/tuition.
Tracking the student activity fee
Large amount of campus programming paid for through $132 annual charge by Lauren Horsch
Copy Editor lauren.horsch@drake.edu
Students at Drake University pay a total of $132 a year in activity fees, but many of the students do not know where the money goes. Melissa Sturm-Smith, the assistant dean of students at Drake, said that every year Student Senate decides to either keep the student activity fee where it is at, or change the amount that students pay. The most recent change was during the 2008-09 fiscal year when Senate changed the fee to its current $66 per semester ($132 for the year). She also referenced a document made by last year’s Student Body Treasurer Kyle Lewandowski which he presented to Senate to recommend keeping the activity at the current rate. The breakdown of student fees goes toward the Board of Student
inside
Communications, the Student Development Fund, the AnnuallyFunded budget and the campus readership program. “Twelve dollars of that (student activity fee) goes to the Campus Readership program,” she said. The Campus Readership Program funds the USA Today, The New York Times and The Des Moines Register that are available for students on campus. According to Sturm-Smith, the Student Development Fund is used by the Student Fees and Allocation Committee for one-time funding for groups on campus that need it. “Any student or student organization is eligible to apply for one-time funding,” said Strum-Smith, which is an online process through SFAC. Once a student fee is suggested by Senate, a baseline budget is produced off of the projection of how many students will be attending
SEE FEES, PAGE 2
>>STUDENT ACTIVITY FEE BREAKDOWN $132 per year: • $12 for the Campus Readership Program • $32.40 for the Board of Student Communications (set 27 percent) • $75.60 for Student Development Fund (set 63 percent) • $12 for Student Fees and Allocations Committee Budget (set 10 percent)
NEWS
OPINIONS
FEATURES
SPORTS
This week’s security reports
Learning the lingo of car repairs
The puck stops here for annual Hockey Weekend
Softball team traveling to Arizona Friday for tournament
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