Board of Trustees Meeting Agenda | Feb 17-18, 2022

Central Washington University Board of Trustees February 18, 2022

Action – Fiscal Year 2023 Housing and Dining Rate Approval

The Division of Business and Financial Affairs and Department of Student Success seek authorization to increase the room-and-board rate up to 3 percent in the aggregate for the 2022-2023 academic year (fiscal year 2023). The proposed rate is in accordance with the comprehensive Housing and Dining Financial Master Plan, authorized by the Board in February 2020. The Master Plan provides long-term strategies to fund building preservation and enhancement, to address the asset renewal backlog, and to cover costs associated with large inflationary pressure, including labor and cost of goods. This increase represents a balanced approach to offset rising costs and to maintain affordability for students and will be matched with a corresponding 3-percent reduction in costs in order to continue to build the preservation funds. The Housing and Dining Advisory Board, President’s Budget Advisory Committee, Executive Leadership Team and president support the draft request. We recommend the following motion: The Board of Trustees of Central Washington University hereby approves the Auxiliary Services Housing and Dining maximum rate increase, not to exceed 3 percent in the aggregate, for fiscal year 2023. Submitted: Approved for Submittal to the Board:

Joel Klucking

Jim Wohlpart

Business and Financial Affairs

President

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