Budget Projection Study abroad programs are self-supporting. Using a standard template, enter in all expenses, using formulas for all costs that are per person (and please use notes section for explaining your formulas). Assume all students will be in-state residents, assume the minimum number of students (usually 10) and a conservative exchange rate. Put in all possible cost estimates to be sure the program fee is sufficient to cover expenses. The budget can be exchanged electronically until finalized for VP approval – its a work in progress!
Budget Template Basic knowledge of Microsoft Excel will be necessary for the required forms. ex·cel: ik-sel 1.to surpass others or be superior in some respect or area; do extremely well. 2.a spreadsheet application used to calculate budget projections and to report expenses for study abroad programs.
Tuition and program fees All tuition and program fees are included in funds to use for the program, exclusive of the JMU summer school department budgets. Once the enrollment and pre-registration is complete, the oIP will confirm the program fee and apply charges to the students accounts. It is the students responsibilities to sort out their financial aid. Fees are due in full by the first week of summer school in May, no matter when the program starts.
Deposits and admissions Once the admissions process has been completed in November/December, consider if theres enough interest to move forward (continue recruiting, making additional arrangements with vendors abroad, etc.) Deposits are non-refundable except in serious, extenuating circumstances that are described in the Cancellation/Withdrawal Form. Deposits cannot be transferred to other programs except if a program is cancelled, at which point students can apply to another program, and if accepted, the deposit can be transferred. Deposits cannot be transferred to other students.
Start and end dates By mid-March, the program director will confirm the official start and end dates with the oIP. These dates are critical – the student will take action to purchase their plane tickets and make other arrangements. When a student submits a cancellation/withdrawal notice, the start date provided by the program director is used. Students should be expected to arrive on the official start date and remain with the program for the duration. Program directors are not responsible for making accommodations for who arrive early or stay later, nor are they responsible for the actions or governance of students before or after the inclusive start and end dates.
Payments to assistants Duties can vary from program to programsome assistants organize group activities, some help to coordinate excursions, some help with financial management. The program director should document the duties and responsibilities to the oIP and to the assistant. The oIP considers the following in determining the salary amount: the length of the program and the number of students. Non-teaching assistants salaries pay for their own ticket and expenses. They will be paid by JMU Payroll which requires federal and state tax forms, completion of an I-9 employment eligibility form, and a criminal background check, and will be paid after the start of the program.
Air travel For directors and other JMU staff: the oIP will process travel authorizations for all program directors and faculty teaching classes listed on the Budget Supplement B. Plane tickets can be purchased more than 90 days in advance. Students will be directed to purchase their tickets after the official start and end dates have been distributed by the oIP (by April 1). State regulations do not permit JMU faculty and staff to require students take a "group flight" or to make exclusive travel arrangements with a specific travel agency or airline on behalf of groups of students.
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