Housing Department at Murray State University - Research Paper Example

? Housing Department at Murray ID Number) (Unit (Unit 26/11 Budget Proposal By: Murray state university housing department Murray state university is a friendly and hospitable public university located in the city of Murray, Kentucky. The university is the only public university in Kentucky with a population of 10,600 students. The campus has housing department that comprises of administrative and residential halls. New buildings are being put up to replace the old residential hall. The following are residential halls at Hurray University housing department; Clark hall, Elizabeth hall, Franklin hall, Hart hall, Hester hall, Regents hall, white hall and Richmond hall. Murray state university has a residential section that is not only where the student will live but will also be where the student will be involved in various aspects of their life in the campus. They will be involved in such activities as intramural sports, traditions and other various activities enjoyed. The main aim of housing department is to ensure secure, well priced and maintained residence for Murray University. The residential halls provide services to college students and the faculty. The halls are usually supervised and the staff trained on how to maintain the halls. The residential halls have greatly assisted students in personal growth, involving themselves in activities, improved interaction between residential, faculty and students, and ensured academic success. The objective of the housing department is to provide a good and safe student accommodation, improved and well maintained social facilities. The residential facilities are enjoyed by both graduates and undergraduates students at a reasonable fee. The accommodation caters for students with children. The purpose of housing department is to provide music and sports facilities to the faculty, students and supporting staff so as to encourage social status among all. The main objective of the project is to avoid congestion of students in their residential halls. The housing department has increased the number of halls to curb this situation. The other objectives of this department are to ensure improvement of the student accommodation facilities, expansion and growth of residential areas, development and progress of the department (Housing & Residence Life Mission Statement, N/D). This will involve maintenance and renovation of the current building infrastructure and possibly erection of new buildings in order to avoid congestion. Budget Justification Agency Name: Proposal Name: Budget Proposal for Fiscal Year 2012-2013 Submitted By: Date: November 26, 2011 Cost: Year Total General fund Federal Fund State Funds Other 2010-2011 $ 141,529,822 $ 51,805,500 0 0 $89,724,322 2011-2012 $ 147,647,946 $ 50,295,400 0 0 $97,352,546 2012-2013 $ 153,722,524 $55,226,358 0 0 $98,496,166 Introduction Summary: The murray state university housing department offers an affordable. and secure residence area for the students. It also provides a place where students will be involved in various aspects of their life. They will be involved in such activities as intramural sports, traditions and other activities. Statement of Need: The changes in the budget have been reflected as there are a number of buildings that will be erected in order to accommodate more students. The proposed budget has major changes where some field have increased quotation than previous years while some have a decreased quotation. For instance, in housing auxiliaries there is a rise in the quotation. This is an estimation of the expected rise as noticed in previous years. There was a previous increase of 1.7% therefore if we match the same increase the new figure will be 11,217,466. This will be also applicable in housing fee that had an increase of 0.2%. Housing custodial recorded a previous increase of 5.7%. Housing maintenance has increased in the 2012-2013 budget proposals as there are plans to erect new buildings thus there will be increased costs. Residential hall major maintenance also recorded an increase due to the increase in the amount of students being accepted. Housing future debt will reduce in a bid to pay off the existing debts and rely on the fund sources that the housing department will raise. Dining bond repair and maintenance will also raise due to the increased number of students and the increased number of buildings which coincidentally increase the amount of salaries and wages. Change in Housing Fees: Current Housing Fees Housing student fee(halls) 13,905 Damage fee(residence halls) 12,000 Deposit forfeiture(residence hall) 30,000 Rentals(non-taxable) 155,000 Proposed Change in Housing Fees Housing student fee(halls) 14,500 Damage fee(residence halls) 12,500 Deposit forfeiture(residence hall) 35,000 Rentals(non-taxable) 160,000 Benefits: The anticipated benefit of the adding of the new buildings and renovation of the present buildings is better and safer residential environment for students to live in. Students will benefit in having more space and none of the students will lack a room to live in. Cost: The project will require the erection of new buildings and the renovation of the current building. This will obviously cause a number of changes in the budget scheme. Save for the income revenues most of the costs are estimated following previous revenues got. The department relevant revenue is the differential and incremental revenue. Housing fee and housing auxiliaries are relevant revenue sources for the housing department. The department revenue has catered for all the expenses without a loss. When an organization has a relevant revenue sources, it helps the organization to develop, grow and expand. The housing department at Murray State University has a stable income budget that supports growth of the housing department.The primary revenue sources are the rental revenues generated during the spring and fall semesters and the relatively small revenue generated in the summer rental revenues an conference income. Budget allocation 2010-2011 2011-2012 2012-2013 Fund (total) General fund $51,805,500 $50,295,400 $55,226,358 Others $89,724,322 $97,352,546 $98,496,166 Revenue (total ) $141,529,822 $147,647,946 $153,722,524 Expenses (total) Housing custodial $699,923 $740,483 $795,000 Housing future debt SVC reserves $1,509,761 $624,793 $693,223 Salaries and Wages (total) $1,919,993 $1,953,447 $2,152,000 Equipment $375,000 $375,000 $430,182 Resident maintenance $159,936 $231,936 $250,570 Reference 1. Housing & Residence Life Mission Statement. (N/D). Retrieved November 4th, 2012, from Murray State University. www.murraystate.edu/Campus/Housing/HousingMissionSateent.aspx Read More