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Board approves university budget for next fiscal year
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Board approves university budget for next fiscal year
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The UA Board of Trustees today approved a budget for the new fiscal year that will enable UA to sustain its academic quality and its wide range of services to students. At the same time, the budget contains provisions to help the university prepare for uncertain economic conditions in the years ahead.

UA expects funding from the state to decrease, even if enrollment at UA continues to increase. (Typically, increases in enrollment have meant more support from the state.) In addition, UA is seeing inflationary increases in such areas as benefits, personnel and food (for Dining Services).

In response, the Board approved in March a 3.5 percent increase to tuition and general fees for undergraduates and graduate students, effective May 15. Even with the increase, UA’s undergraduate tuition-and-fee rates remain competitive, with UA falling in the middle of the 13 state universities when comparing anticipated rates on an annualized basis.

Also in March, the Board approved a 6 percent increase in law tuition and fees, effective this fall.

Some other fees will increase:

  • The Transportation Fee will increase $35 per semester starting this fall, when the South Campus Parking Deck will open.

    Consistent with prior practice, the administration decided to delay the increase until the deck would be available for use. The increase will generate $1.8 million during the coming academic year, while debt service on the new deck will be about $1.9 annually. The fee is charged to students enrolled in more than five credit hours on the Akron campus. The remaining debt service, as well as increased utility and maintenance costs, will be covered by cost-saving measures.

    The new deck will have space for about 1,300 vehicles, making it UA's second largest deck.
  • Rates for housing will increase 6 percent. The increase will help us keep our residence halls in excellent condition and help us meet financial obligations tied to the new Spicer Residence Hall. Spicer, located immediately east of the stadium, is expected to open this fall.
  • Dining plans will increase an average of 3.5 percent. The incremental funds will offset inflationary increases in food and labor.
  • In alignment with best practices, Student Judicial Affairs will begin to assess a fee for students found responsible for misconduct. The fee will help to cover the administrative costs associated with responding to student misconduct. Also, a consequence or sanction for student misconduct could now include a fine. The proposed fine schedule is within the mid-range of fines given at other universities. As before, students would have the opportunity to appeal sanctions, including any fines.

The budget also includes set-aside funds for future years, when UA expects to receive less support from the state. Today, the state pays about one-third of the tuition of a typical in-state undergraduate.

The new fiscal year will begin July 1.

The Board also approved promotions or tenure or both for 37 faculty members. See a list of the 37 faculty members.

“These colleagues exemplify the quality education available at UA and I congratulate each and offer my sincere appreciation for their continuing commitment to student success,” said UA’s interim Provost, Dr. David Baker.

The Board will reconvene at 10 a.m. Wednesday, June 16 in Room 339 of the Student Union.

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How to Get Your Information In Zipmail
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The University of Akron's Zipmail is a compilation of University announcements for University students, sent each Friday unless circumstances require otherwise. The deadline for submissions to be considered by the University is 5:00 p.m. on Wednesday.

Zipmail is a University of Akron communication vehicle established for the benefit of The University of Akron to communicate with its students. Items will be accepted for publication only when the University is directly involved in the activity through participation, sponsorship, or partnership with one of its recognized organizations, colleges or departments. The University reserves the right to edit or to refuse to run any submission for any reason. Zipmail is not, nor is it intended to be, a public forum or a limited public forum. Questions about the implementation of this policy may be directed to zipmail@uakron.edu.

Items to be considered for inclusion in Zipmail should be sent through the Zipmail Event Submission Form. Due to the volume of submissions received, items will not run more than one time.

Questions about specific announcements should be made to the contact person/department/organization listed in the announcement.Your event will automatically be forwarded to the University's online calendar. The Zipmail Coordinator can be reached at x2837.
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