Dear Students,
Kansas Union, the living room of the University of Kansas, was established and is operated as a non-profit corporation for the benefit and service of you, its valued customers. Since the University community contributes immeasurably to the Union's successful operation and progress with loyal patronageand students with an added $17 fee per semester—we,the staff,take this opportunity to report directly to you at the end of our fiscal year and the beginning of your school year.
A record estimate of $3,300,000 individual transactions occurred this past fiscal year ending June 30, about 1,185,000 of which represented persons attending 12,000 different reservation functions.
Altogether, Kansas Union departments have recorded approximately $3,072,000 in sales.In addition, student fees, office rentals, reservations, room use (except gratis use by student organizations) and miscellaneous items took in about $225,100 more for a total income of $3,297,100.
A large institutional accounting firm made a detailed audit of Union operations last year as it does each year and submitted a complete financial report.
The following tabulation shows the proportioned sources for each dollar of income:
FOOD SALES $ .18
BOOKSTORE SALES .64
JAYBOWL RECREATION INTAKE .01
KU CONCESSIONS SALES .12
STUDENT FEES .04
RESERVATIONS, ROOMS, ETC. INTAKE .01
$1.00
The food department includes the Union cafeteria, catering service, the Hawk's Nest, Prairie Room and Hawklet. Concessions include vending machines, athletic concessions, Strong Hall snacks, Fine Arts snacks and the Union information counter. The Union operates both the main bookstore and the one in Watson Library.Together with Jaybowl, these enterprises constitute the revenue producing departments of the Union. (A self-supporting division of the University, it receives no funds from the State budget.)
Total outgo since July 1,1968 was about $3,482,000 for such expenditures as purchase of merchandise, supplies and equipment; replacing, repairing and modernizing equipment and building areas; paying employees.
Each dollar's expense was allotted as follows:
MERCHANDISE PURCHASES $ .56
SALARIES, WAGES, FRINGE BENEFITS .23
DEPRECIATION .03
PATRONAGE REFUNDS .02
DISADVANTAGED STUDENT LOAN PROGRAM .01
PLANT MODIFICATION .01
OTHER EXPENSES .14
(including office & building supplies, equipment repairs, insurance, utilities, ad-
vertising, SUA programs, lease, rental & commissions paid to dormitory library fund & KUAA, laundry, china, silver, interest, dues & fees)
21
The Union spends some $800,000 each year to obtain competent personnel to operate its vast program. Moreover, it spends at least another $500 thousand for goods and services in the Lawrence community and immediate area.