Finance & Investment Committee FY2017/2018 2nd Quarter Results January 19, 2018

FY 2017/2018 Second Quarter Financial Results Financial Overview Summary Operating Statement Second Quarter and December YTD Results Investment Results Capital Expenditures Financial Statements December Year-over-year Comparison Gearing up for Min Wage Increase

FY 2017/2018 Overview 2nd Quarter 2nd Quarter results down operationally Unable to recapture slow 1st Quarter slow start Sales down $164,570 from budget Includes Residential Dining Adjustment of $276K $96K for Summer Conference $180K for Welcome Week Direct impact to Operating Income Cost of Goods and Expense control maintained Typically a low volume quarter See monthly detailed reports

FY 2017/2018 2nd Quarter Overview (cont’d) Cash flow of $650K for Q2 Investment Portfolio gain of $408K Minimal Capital Expenditures Major Items still pending Minimum wage impact pending January Cash Flow $200K behind Plan

Operating Statement Summary December Results

Operating Statement Summary Second Quarter Results

Divisional Operating Statement FY 2017/2018 2nd Quarter Results

FY 2017/2018 Overview Year-to-Date Status Sales down across business lines Textbooks Sales off $475,874 (11.1%) Retail Dining/C-Stores down $323,809 (6.4%) Sales shift due to Declining Balance Plan elimination Direct impact to margin – Down $504,374 Controlling product cost Labor/Expense increasing disproportionately Financial Markets remain strong Investments/Other Income up $918K Cumulative Cash Flow of $803K

Operating Statement Summary Year-To-Date Results

Divisional Operating Statement December Y-T-D Results

MorganStanley FY 2017/2018 Performance Investment Portfolio up $375K for the quarter and $789K 8.8% YTD $ 375,353.31 $788,538.46 8.8%

SMIF Portfolio FY 2017/2018 Performance Investment Portfolio up $7.7K for the quarter and $19.1K (13.0% for the year ETF - A security that tracks an index, a commodity or a basket of assets like an index fund, but trades like a stock on an exchange. ETFs experience price changes throughout the day as they are bought and sold. Because it trades like a stock, an ETF does not have its net asset value (NAV) calculated every day like a mutual fund does.

Current Year Expenditures of $460,549 FY2017/2018 Q2Capital Status Current Year Expenditures of $460,549 $217,127 to campus for Bookstore A/C project Project in progress – Campus billing complete Received $5K credit for meeting implementation deadline $106,934 for Outpost Patio Furniture $41,436 for Papa John’s Pizza $38,066 UDP Repairs Major Projects Pending Starbucks Japanese Garden

Capital Expenditure Status FY 2017/2018 December YTD

Financial Statements Overview December 2017 Cash/Investments Report Up $3M from last year $1.5M due to Investment gain Balance Sheet Current Assets up due to above cash A/R down $150K – Collecting faster on Veteran Sales Inventory Down $150K on lower volume Long Term liability increase – PERS/OPEB Cash Flow Statement Cumulate Cash Flow of $803K Driven by investments VEBA at $5.2M Off-Balance Sheet

Financial Statements Overview September 2017 Investment Report Cash/Investment up $3M from last year Fall Housing Receipts pending $1.7M Pending payments – Publishers, Sales Tax Balance Sheet Inventory down $370K, A/P down $500K A/R up $800K $600K Herff-Jones payment in October Cash Flow Statement September/Q1 Cash Flow of $1,365K/$153K Driven by investments PERS GASB 68 Payment of $276,412 in July Awaiting Housing Meal Plan payment

Investment Designation Report December 2017 ****** Investments trending Upward Payment for Housing pending Sales tax due

Balance Sheet – December 2017 Done Cash per Investment report – Up $3.Mfrom last year -$1.5M Investment gain to date plus last year Payroll liabilities increasing A/R down $150K. Collecting faster on Veteran Sales. Inventory Down $150K AP down $200K Other liabilities up $500K (housing, commissions) Unrecognized long term liability increasing PERS

Cash Flow – December 2017 Cash Flow coming from investments, not operations Capital expenditures below plan

December 2016 & 2017 Year-to-year OS Comparison Operating results trailing last year Sales down in Bookstore and Retail Food Services Text Books down $271K and remain challenged Retail food/C-Store down $132K Food Sales shift due to Declining Balance plan elimination No Meal Plan price increase Minimal Residential Dining summer activity Overall Cost of Goods & margin rates same Investment trending up

Operating Statement Summary Year-To-Year Results

Operating Statement Summary Year-To-Year Results

Divisional Operating Statement December Year-to-Year Comparison