Student Fee Administration: Difference between revisions
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Policy No: '''6091'''<br /> | Policy No: '''6091'''<br /> | ||
Effective Date: ''' | Effective Date: '''03/13/2025'''<br /> | ||
Revised Date: <br /> | Revised Date: 03/13/2025<br /> | ||
Reviewed Date: <br /> | Reviewed Date: 03/13/2025<br /> | ||
<big>'''Student Fee Administration Policy'''</big><br /> | <big>'''Student Fee Administration Policy'''</big><br /> | ||
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== Fee Establishment & Requirements == | == Fee Establishment & Requirements == | ||
The fee approval process is established here: | The fee approval process is established here: https://catalog.unmc.edu/general-information/student-policies-procedures/student-fee-approval-process/ | ||
A master list is maintained by Student Success and reviewed by Student Accounts prior to approval by VCAA and VCBF on an annual basis. | A master list is maintained by Student Success and reviewed by Student Accounts prior to approval by VCAA and VCBF on an annual basis. | ||
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===Fund Balances=== | ===Fund Balances=== | ||
The Academic Affairs Finance Office will annually monitor fund balances in student fee cost centers to ensure fee amounts being charged to students are at an appropriate level, that fund balances on hand are not excessive due to surpluses built over time, and to confirm evidence of a detailed plan for the use of large fund balances is in place. Fund balances for student fee cost centers are expected to carry forward a balance no greater than 50% of the anticipated annual revenue for the associated fee(s). If the carry forward balance exceeds this threshold, the fund owner | The Academic Affairs Finance Office will annually monitor fund balances in student fee cost centers to ensure fee amounts being charged to students are at an appropriate level, that fund balances on hand are not excessive due to surpluses built over time, and to confirm evidence of a detailed plan for the use of large fund balances is in place. Fund balances for student fee cost centers are expected to carry forward a balance no greater than 50% of the anticipated annual revenue for the associated fee(s). If the carry forward balance exceeds this threshold, the fund owner will receive a form to complete with the explanation of the balance and their plan to reduce it. An annual report of this review will be provided in writing to Academic Affairs, Business & Finance, and Student Success leadership. | ||
==Additional Information== | ==Additional Information== | ||
*Contact Student Success Administration at 402-559-4199, | *Contact Student Success Administration at 402-559-4199, | ||