Agenda Item Background
To:Board of Regents Business Affairs and Audit CommitteesDate: October 22, 2015
From:Mr. Gregory Rush, Acting Vice President of Business Affairs
Subject:Approval of Revised Board Rates and Plans
Reason for Consideration:ApprovalEnclosures: Yes
Background:
The Meal Plans offered in the recently signed contract with Perkins Management require the approval of new rates.
Board Rates Originally Approved
All Residents Students
10 meal plan with $300 Flex Dollars$1,675
15 meal plan with $200 Flex Dollars$1,675
225 block meal plan with $150 Flex Dollars$1,675
Commuter Meals
5 Meal Membership with $200 Dining Dollars$652
50 block with $250 Dining Dollars$594
$300 Dining Dollars$300
20 Block with $50 Dining Dollars$180
Proposed Board Rates
All Residents Students
19 meal plan with $200 Declining Balance$1,675
15 meal plan with $300 Declining Balance$1,675
Commuter Meals
$400 Declining Balance Value$371
10 weekly meal plan plus $150 Declining Balance$905
5 weekly meal plan plus $200 Declining Balance$492
Note: Students residing in residence halls are required to have a meal plan.
[14]