Washburn University Bookstore
"The Washburn University Bookstore is a wholly owned and operated subsidiary of Washburn University. Proceeds derived from the Bookstore operation are utilized to provide various social and recreational opportunities for Washburn Students, and to help keep the cost of tuition low." Really? How does that work?
The bookstore reported a net income (pdf) of $453,272 in FY04 which offset operating losses in several other Memorial Union auxiliary operations. Keep in mind that the auxiliaries are currently burdened with a loan payment of $200,000 per year to pay the debt that was incurred for the recent facility renovation. So there really aren't any funds left over to "help keep the cost of tuition low". Besides, auxiliary funds are set up so that proceeds from the operation are reinvested in the operation, not to supplement the operating budget which is funded in part by tuition dollars.