The University will contract with an accounting firm to establish an approved methodology for calculating the per-student marginal costs and revenues for undergraduate and graduate education. The accounting firm shall be external to the University and approved by both the Senate and administration of the University. The methodology so established will be used annually, preferably at the end of each academic year, to develop marginal cost/revenue information to be used by the entire campus community for planning and decision making in the following year.
Adopted by Senate: May 5, 1999