1. Student Activities Center (SAC) Fee Use FY 2014

2. Current SAC Fee = $100 per semester
Fee began in Fall, 2007 and was $75 until Fall, 2013

3. Uses of SAC Fee Pay our debt service
Student assistants for Fitness Center, Game Room, set-up for ballroom, building managers
Two staff salaries
Operations and maintenance of building
Programming support for building/events
Project proforma includes a state portion for partial operations and maintenance (utilities, supplies, and custodial salaries)

4. SAC Revenues for FY 2014 Revenues: $1,605, 905
Collected 1,521,557 from SAC fee (students), 49,165 from ballroom rentals to external clients, and 35,183 from Fitness Center memberships to faculty/staff/community members

5. SAC Fee Expenditures for FY 2013
Debt Service
1,239,331
Student assistants/casual labor
115,492
Staff salaries/benefits
73,194
Operating supplies/expenses
27,905
Total
1,455,922

6. Summary for FY 2014 Total Revenues $1,605,905
Total Expenses $1,455,922
Net Gain $149,983

7. Reserve balance at the end of FY 2014
BOR PPV Reserve ,739
FY 14 net $149,983
Reserves as of $612,551
Anticipated uses of reserve balance:
Protect against enrollment shortfalls
Unexpected expenditures

8. 2015 SAC Budget
Initial budget based on projected student headcount was $1, 688,750
Revised budget for current fiscal year: reduction in projected revenue of $150,000
Debt service for this year = $1,255,125