Report of the Property & Finance
Committee - Appendix II
Board of Governors - APPENDIX II - May 21, 1998
FOR APPROVAL
1. Operating and Capital
Budgets
Recommended: That the University's Operating and Capital Budgets for 1998-99 and supporting
Tuition and Fee schedules be approved as shown on Annex 1 and Annex 2.
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2. Student Fee Funded Units, Ancillaries, and
Academic
Support Units
Recommended: That the 1998-99 budgets for Ancillaries, Academic Support Units, Student Fee
Funded Units and related Activity Fee rates, be approved as summarized in Annex 3.
Additional Information:
Student Fee Funded Units, Ancillaries, and Academic Support Units
- Table 1 in Annex 3 includes a summary of the budgets for Student Fee
Funded Units, Ancillaries and
Academic Support Units.
- In March 1998, the Campus & Community Affairs Committee reported
to the Board that the Student
Services Committee endorsed the 澳门六合彩开奖预测 Student Ancillary Fee schedule detailed in Tables 2-4 in Annex 3,
including the change to the fee relating to the Student Development Centre, from $63.20 to $66.35, an
increase of $3.15 or 5%. The Student Development Centre provides numerous services to students, including
psychological counselling, career counselling, job placement, and academic counselling such as learning
skills. The reason for the fee increase is that the number of students utilizing the services of the Centre has
increased and, as a result, salary costs have increased.
The overall Student Ancillary Fees will increase 14.3% for full-time undergraduate students. This is due
principally to the introduction of a universal bus pass which forms part of the undergraduate student
organization fees, based on the results of a student referendum. As reported by CCAC in its March report to
the Board, the current cost of a September through April bus pass is $400 per student. The University
Students' Council has negotiated with the London Transit Corporation (LTC) a $75 mandatory fee for all
full-time undergraduate students, subject to approval by the Board of Governors. The $75 fee will give
students unlimited ridership on all regularly scheduled LTC services from September through April. Based
on a presentation by the USC to the CCAC in March, the CCAC recommended to Property & Finance that
the universal bus pass proposal be approved as part of the 1998-99 student organization (USC) fee for
full-time undergraduate students.
- The budgets for Glenmore & Lambton Hall Apartments and the
Residences, along with their schedules of
rates, have been reviewed and are recommended by the University Council on Student Housing.
Associated Companies (For Information)
- Annex 3, Table 1, includes a summary of the budgets for the
University's Associated Companies.
- The 1998-99 budget for Platt's Lane Estates Inc. will be presented
for approval at their next Board
meeting.
- The budgets for the Richard Ivey School of Business Foundation, Ivey
Management Services, and Richard
Ivey School of Business (Asia) Limited have been approved by the Finance Committee of the Richard Ivey
School of Business.
- The 1997-98 actual results and 1998-99 budget for the UWO Research and
Development Park and
Windermere Manor Ltd. will be presented to the Board of Governors at a later date with an updated long
term financial plan.
- The 1997-98 actual results and 1998-99 budget for the London Museum of
Archaeology will be presented
to the Board of Governors at a later date.