Referenda

REFERENDUM RESULTS 2012

(March 8, 2012) Mount Royal students agreed that the Students’ Association of Mount Royal University (SAMRU) should continue to collect a Scholarship fee of $3.00 per student per semester until the end of the Winter 2022 semester. This means that the Scholarship Fee of $3.00 per student per semester will be continued for a period of 10 years (until the end of the Winter 2022 semester), at which point the fee can be cancelled and the investment revenue from the scholarship fund would be reassessed. This revenue would continue to fund both scholarships in the academic year in which it is collected as well as to grow the scholarship fund to ensure greater investment revenue in the future.

East Gate West Gate Online TOTAL
Yes 301 324 325 950
No 226 173 104 503
Rejected 5 2 44 51

In the winter semester of 2012, the Students’ Association of Mount Royal University held a referendum on the following question:

Question: Do you agree that the Students’ Association of Mount Royal University (SAMRU) should continue to collect a Scholarship fee of $3.00 per student per semester until the end of the Winter 2022 semester?

Preamble: In 1999, Mount Royal students passed a referendum instituting a $3 scholarship fee each semester. Between 25% and 75% of the revenue from this fee funds scholarships, awards and bursaries in the academic year in which it is collected and the remaining revenue is invested in the scholarship fund. The intent was for students to continue paying this $3 scholarship fee until the resulting scholarship fund grew to $1 million, at which point all scholarships would be funded by investment revenue from the scholarship fund.

SAMRU has now essentially reached the $1 million mark in the scholarship fund. However, the value of SAMRU’s annual dispersal of scholarships and bursaries has nearly tripled since this fee was first introduced. Furthermore, historical interest rates and investment earnings were also higher than our more recent experience. This combination of trends means that the earnings from a $1 million investment are no longer sufficient to pay all the scholarships and bursaries SAMRU currently offers.

If this referendum passes, the Scholarship Fee of $3.00 per student per semester will be continued for a period of 10 years (until the end of the Winter 2022 semester), at which point the fee can be cancelled and the investment revenue from the scholarship fund would be reassessed. This revenue would continue to fund both scholarships in the academic year in which it is collected as well as to grow the scholarship fund to ensure greater investment revenue in the future.

SHAUNA HUNTER
CHIEF RETURNING OFFICER
February 6, 2012