HomeMy WebLinkAboutTower Costs 1997-2000 Texas to t Housing Corporation ® Tower
Incremental Variable Costs of Room and at the Tower
For Fiscal Year 2000, 1999, 1 1
2990111 1999 2 1 19 4
Maintenance Costs $200 $200 $200 $200
Activity Fees 424 (A) 350 350 350
Food Cost 1277 (B) 1017 (C) 1065(D) 711 (E)
Energy Costs (Incremental amount
considered insignificant) 0 0 0 0
Incremental cost per student for
room and,board $1,901 $1,567 $1,615 $1,261
(1) Based on 695 student leases at 10-1-99 for academic year 99-00 which is an 82% leased rate,
while the budget was based on 683 leases.
(2) Based on 838 student leases for academic year 98-99 as of 9-28-98, which reflects a 99.9%
occupancy or 3 available spaces unoccupied.
(3) Based on 608 student lease for academic year 97-98 at 9-15-97, which represents a 70%
occupancy rate.
(4) Based on 787 student leases for academic year 96-97 which is 95% leased rate at 9-96.
Note- Forum non-pool sided double occupancy rate for academic year 1998-1999 was $4400
(lowest rate per rate schedule)
*-This schedule assumes that similar account coding for food and food related costs were
consistent from year to year, thus allowing for a proper total food service cost to be used
each year in calculating the average per student.
(A) - $294,353/695 student leases
(B) - $887,745/695 student leases
(C) - $852,044/838 student leases
(D) - $647,804/608 student leases
(E) - $559,327/787 student leases