Revenue budget for a university Townsberg College is a small state supported college with a current enrollment of 4,000 students. During the current year, the state provided $1,200 per student. Student tuition is $40 per credit hour, and a normal load is 30 credit hours per year. Contributions for the year were $3,200,000. Student fees were $25 per student. Room and board charges were $1,400.

In planning for the next academic year, the financial management committee is evaluating the college's revenue sources. The committee expects student enrollments to increase 12 percent because a small private college in the area just closed. In addition, state appropriations are expected to increase 2 percent per student. To offset rising costs, the tuition will be increased by 12.5 percent, and room and board rates will increase 8 percent. Student fees will increase to $40, primarily to cover significant increases in insurance charges for the student health center. Current year contributions are the result of a significant fund drive aimed at raising money to make badly needed repairs and improvements. The campaign will not be continued next year and contribu- tions are expected to fall 30 percent from the current year.

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REQUIRED Prepare a revenue budget in good form for Townsberg College for the next year.