There is a maximum budget of $660 for ALL expenses associated with this speaker that are charged to the department colloquium account. That includes all travel costs of the speaker, hotel stay, lunch with the speaker and dinner with the speaker. Anything spent by the faculty host OR the speaker over that amount will be the responsibility of the faculty host. It is up to the host to decide whether they want to limit the amount the speaker can be reimbursed or if they want to let the traveler be fully reimbursed and cover the potential overflow cost with their personal unrestricted funds. Cost per speaker ranges anywhere from $300 to $1800 depending on many situational factors. The average cost of a 2-day speaker hotel stay is $376.84, the average cost of airfare is $500, the average cost of lunch with 3 people (speaker and 2 students) is $120 and the average cost of dinner with 3 people (speaker and 2 faculty) is $200.
Please check the box below to acknowledge that you have read the statement above and you are assuming financial responsibility as the faculty host if the seminar cost is over $660.