Memorial Union Student Fee Budget 2012-13

We have proposed two new positions that will relieve a significant portion of overload in SLI.  Student responses to our benchmarking surveys indicate that this is an area where further investment would result in greater student satisfaction with their experience at OSU.  There is no fee increase associated with the establishment of these two new positions.  The costs are funded by additional enrollment.

The MU Leadership Team has met with AABC-MU leadership and established mutually beneficial goals. The biggest challenges are figuring out budgetary information flow (status reports throughout the year), and determining the boundaries and handoffs that can number into the dozens of interactions and overlaps each day between the AABC and the MU.

One of the two new positions has a significant portion of its duties defined as providing leadership to our diversity training needs organization-wide.  The establishment of this position will supplement existing diversity action efforts, such as active participation in the Campus Coalition Builder’s leadership team, facilitation of the White Identity Development Retreat for students, global citizenship awareness efforts by ISOSU, under-represented professionals in media serving as speakers within Student Media’s professional development series.

Because our project was suspended as of June 2011 until Oregon Legislative approval could be obtained, we have not updated any of this information.  Impact costs developed last year are the most accurate available and further refinement cannot occur until the building project teams resume their planning activity.  We are willing to schedule a time with SIFC to familiarize your members with the work that was done last year and presented to SIFC in Spring Term of ‘11.

Most of the revenue cannot be off-set and was predicted as a fee increase prior to the project going to referendum.  However, to the greatest degree possible, new revenue generation was the focus of space allocation discussions with the MU East Wing project team.  Additional revenue will come from an increase in event services from having more and larger program spaces, from food service expansion, and possibly other new leases.  No new activity has taken place since the project was suspended in June of ’11. Program revenues (MUPC, ISOSU) have increased, as have Retail Food Service and Event Services income projections in the FY 13 budget.

Most of this is detailed in our annual budget.  Largest revenue streams to the MU Building come from our Bookstore lease (#1), Event Support/Room Rentals (#2), and return to the MU from Food Service (#3).

A detailed analysis of our cash position for our operating fund and reserve accounts accompanies the annual budget request.

Working Capital and Reserves