January 9, 2013
To: MU Advisory Board
From: Michael Henthorne, MU Director
RE: FY 14 Budget Request
I am pleased to submit the FY 14 budget for the Memorial Union organization. Additionally, I am extremely proud that through the diligent work of our program managers and Leadership Team, we have only one budget to submit, having fully complied with SIFC’s request to identify ways to fully fund all mandatory costs and pass the savings resulting from increased enrollment on to students. The SIFC guidelines did allow for a Budget #2 to be submitted, if all mandatory costs could not be met. We have submitted two decision packages for consideration. Budget #2 reflects the impacts of accepting Decision Package #1 and #2.
Budget #1 reflects a decrease of $4.41 in the individual student/per term fee to operate and provide the services of the MU organization. I believe this is the largest student fee reduction in the history of the Memorial Union. The accompanying narrative in response to the questions posted by the SIFC will assist Board members in understanding how this has been accomplished.
Budget #2 reflects an increase of $7.85 per student/term if both Decision Package #1 and #2 are adopted.
DECISION PACKAGES:
Decision Package #1:
Funding Bookstore Revenue Loss | Cost $732,061
PDF: MU Budget FY 14 DP #1 Bookstore Revenue
Decision Package #2:
Funding Editorial Content Coordinator for Student Media | Cost Salary $49,440 + OPE $32,104
