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1 <br />ICOMMUTING STUDENT EXPENDITURES <br />Commuting students expenditures can <br />also be estimated using the <br />financial aid <br />schedules <br />utilized <br />by the <br />Minnesota Higher <br />Education Coordinating Board. <br />On a per student <br />by program basis, <br />these expenditures are: <br />MOA* <br />10 MOS.* <br />LEGAL* <br />12 MOS.* <br />Books & Supplies <br />600 <br />600 <br />650 <br />500/650 <br />Housing <br />1,600 <br />21000 <br />21300 <br />21400 <br />Food <br />11000 <br />11250 <br />11375 <br />11500 <br />Transportation <br />11496 <br />11760 <br />21024 <br />21112 <br />Clothing <br />600 <br />600 <br />600 <br />600 <br />Personal Needs <br />340 <br />400 <br />450 <br />480 <br />Recreational <br />340 <br />400 <br />450 <br />480 <br />Medical <br />240 <br />300 <br />345 <br />360 <br />Job Related <br />120 <br />150 175 <br />180 <br />TOTAL <br />61336 <br />71460 <br />81369 <br />81612/8,762 <br />Assuming an expected enrollment of 300 students and recognizing <br />the possibility for growth in student population to 350, the <br />range of direct impact on the area's economy would be between <br />$1,615,078 - $1,996,008. See exhibit 2 for additional tables. <br />STAFF AND FACULTY EXPENDITIMES <br />Along with the dollars students spend, is the economic impact <br />created by the staff and faculty. Some of these individuals <br />reside in Roseville, Arden Hills, Shoreview and New Brighton. <br />Thus having a major impact than others. Many of the remaining <br />staff and faculty spend significant amounts in the Roseville <br />area. We have taken a random sampling of 25% of the current staff <br />and faculty to get an idea of their impact on the community. It <br />is a mix of faculty, staff, residents and non-residents. <br />Based on this sample, we have determined that $148,176 is spent <br />dix--ctly in Roseville for such items as food, gas, gifts, <br />entertainment, clothing, and other miscellaneous. Places <br />frequented by the staff included Byerlys, McDonald's, Wendy"s, <br />Taco Bell, Target, Rosedale stores, Rosedale Commons stores and <br />the Har Mar Mall. <br />This sampling does not include rents, house payments, car <br />purchases or other major expenditures which either would inflate <br />the numbers unfairly or occur other than on an annual basis. <br />MINNEAPOLIS BUSINESS COLLEGE EXPENDITURES <br />Minneapolis Business College is also an active participant in the <br />local economy. Using all operating expenses, including capital <br />expenditures, made by the college but excluding salaries, wages, <br />