Tuition — 6.3% tuition
increase for all enrollment categories
for FY06, and 6% increase for FY07.
Residence Halls —
5% increase for FY06, and 5.5% increase
for FY07.
Parking — rate
increase for certain faculty and staff
permits, effective May 2005; resident
student permits will be reduced.
Investment Income
— projected at $4 million, with
additional $1.2 million in FY06 and
$1.4 million in FY07.
Indirect Cost Recovery
— projected at $1.5 million, with
additional net income of $300,000 in
FY06 and $600,000 in FY07.
Faculty-Staff Salaries and
Benefits — In September
2005, there will be a 3.75% performance-based
salary increase, with additional 0.25%
for market adjustments. In September
2006, there will be a 3.5% performance-based
salary increase. Base funding of $750,000
over two years to reduce teaching loads
and adjunct faculty. New Presidential
Fellowships will support faculty research.
The university’s contribution
to the health plan will increase.
Financial Aid —
increased to match the tuition rate
and indexed to enrollment projections.
Tuition discount rate of 29% for undergraduate
and graduate students. Additional funding
to increase graduate stipends and eliminate
the work component in graduate financial
aid awards.
Supplies and Expenses
— additional funding for a wide
range of programs and services, including
the student health center, the AU Abroad
program, institutes, meal plan operations,
Capital Campaign expense, wage policy
implementation, and full operation of
the Katzen Arts Center.
Library Acquisitions
— increases of $200,000 in FY06
and $400,000 in FY07.
Technology Fund —
student technology fee increase for
the first time in four years from $55
to $95 per semester for full-time students
and from $20 to $30 per semester for
part-time students. Funding will be
provided for a wide range of initiatives
including, membership in Internet2,
security enhancements, disaster avoidance
systems, web management, and data conversion.
Furnishings and Capital Equipment
Renewal Fund — increased
$500,000 in FY07.
Facilities Improvement Fund
— increased $500,000
in FY07.
Transfer to Quasi-Endowment
— equals 1% of the gross revenue
budget for FY06 and 2% of gross revenue
budget for FY07.
Enrollment Contingency
— equals 1.5 % of tuition revenue.
