Student Fee Administration: Difference between revisions

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.