The Southeast Missouri State University Board of Regents today approved new room and board rates and a $15.4 million Residence Life budget for fiscal 2008.
CAPE GIRARDEAU, Mo.,
March 7, 2007 – The Southeast Missouri State University Board of Regents today approved new room and board rates and a $15.4 million Residence Life budget for fiscal 2008.
Under the approved plan, room rates will increase an average of 5.03 percent in Southeast residence halls for next academic year.
Dr. Dennis Holt, vice president for administration and enrollment management, said rate increases vary by residence hall and style of accommodation. He said average increases in room rates range from 8.02 percent at Cheney to 4.01 percent at Vandiver Hall.
New Residence Hall Room Rates
Based on the new rates, annual residence hall fees will be $3,230 for Dearmont (which is not air conditioned); $3,531 for Towers South and East; $3,696 for Dearmont Plus; $3,756 for Cheney; $4,254 for Group Housing; $4,333 for Myers; $4,608 per person for triple rooms in Towers North and West; $4,775 per person for double rooms in Towers North and West; and $5,219 for rooms in Vandiver Hall.
New Board Rates
The average board rate will increase by 5 percent next year. This is consistent with the University’s contract with Chartwells, its food service provider, which allows no board rate increase of more than 5 percent over fiscal years 2008 and 2009, he said.
Under the new standard board rate schedule approved by the Regents today, the most popular plan – 15 meals per week plus $140 in flex dollars – will cost students $2,070 annually. The 19-meal plan with $116 in flex dollars is $2,262 annually. The 10-meal plan plus $160 in flex dollars is $1,873 annually. The five-meal plan plus $270 in flex dollars is $1,597 annually.
The flex dollars reflected in the board rates are cash stored electronically on students’ ID cards as part of their meal plan. They can be used at any campus dining location to buy additional meals, food items, snacks and beverages.
With the approved increases, the average combined room and board cost (based on rooms in Towers South/East and a 15-meal plan) will be $5,601, up from $5,334 last year. Non-Traditional Housing Rates
In other action, the Board approved a 5 percent increase for non-traditional housing at 401 and 505 Washington Street. The Washington Street Apartments consist of 19 units and vary in number of bedrooms, size of rooms and amenities. Monthly rates for the 2007-2008 academic year will range from $335.31 for a one-bedroom efficiency at 505 Washington Street to $453.66 for a two-bedroom apartment with a balcony at 401 Washington Street.
Residence Life Capital Maintenance and Repair Plan
The $15.4 million Residence Life budget approved by the Regents today includes increases in expenses due to increases in utility costs, the performance contract, elevator service contracts and installation of cameras for additional security. Utility costs are projected to increase 6.43 percent, and a 3 percent increase is provided for salary and benefits as well as a small increase in response to the minimum wage adjustment.
Meanwhile, Resident Life continues to proceed with a revised capital maintenance and repair plan approved by the board of Regents in 2002. The budget covers essential replacement and refurbishment costs for fiscal 2008 such as mechanical work, roof repair, painting and furniture replacement and sets the stage for completion of fire safety sprinkler installations in fiscal 2009. Holt says an adjustment has been made in the schedule to accommodate renovation work at Dearmont, including ceilings, walls, flooring and furniture at an estimated cost of $500,000.