Finance & Investment Committee FY2018/2019 2nd Quarter Results February 8, 2019

FY 2018/2019 Second Quarter Financial Results Financial Overview Summary Operating Statement September and Second Quarter Results Capital Status Investment Results Financial Statements December Year-over-year Comparison

FY 2018/2019 Second Quarter Financial Overview Operating results below Plan Sales slow down across the board Primarily Food Services and non-textbook sales ID Pass through Sales awaiting campus billing Maintained margins and minimized expense Financial Market melt down (below the line) Investment Portfolio loss of $1,084,147 Negative Cash flow of $916,382 for Q2 Outpost Bond Payment of $90,000 Minimal Capital Expenditures as planned BKS Bank cards not budgeted in Q1 $195K Coke Sponsorship accrued in Sept Housing Welcome week billing of $295,991

FY 2018/2019 Second Quarter Financial Overview (cont’d) Year-to-Date results ahead of plan/last year Japanese Garden contribution,$200K, on hold Minimum wage impact pending in January Cash Flow $200K behind Plan

Operating Statement Summary December 2018 Credits & Revenues missed budgeted Coke Sponsorship funding

Operating Statement Summary FY 2018/2019 2nd Quarter Results Credits & Revenues missed budgeted Coke Sponsorship funding

Operating Statement – Division Recap December and 2nd Quarter Results Credits & Revenues missed budgeted Coke Sponsorship funding

Operating Statement Summary Year-To-Date Results

Divisional Operating Statement December Y-T-D Results

Current Year Expenditures of $106,025 FY2018/2019 Q2Capital Status Current Year Expenditures of $106,025 $34,413 relegated to Coolers and Freezers $22,234 Bookstore Relocation carry over $30,000 – Starbucks UDP renovation Starbucks Library completed Estimated $220,000 Final billing from campus Pending $110,259 UDP Sewer Repair Pending

Capital Expenditure Status FY 2018/2019 December YTD

Morgan Stanley (MSSB) Portfolio FY 2018/2019 Performance Portfolio down $1,018,110 (10.3%) for the Quarter Year to date down $831,556 (8.6%) January recovery of $450K

Student Managed Investment (SMIF) Portfolio FY 2018/2019 Performance Portfolio down $66,037 (13.0%) for the Quarter Year to date down $58,149 (11.6%) January recovery of $25K $240K up since 9/30/11

Financial Statements Overview December 2018 Investment Report Cash/Investment down $270K from last year Offsetting Investment gains/losses Balance Sheet Inventory flat at $3.3M A/R up $200K Textbooks and merchandise Long Term Liabilities - PERS up $800K Cash Flow Statement December/Q2 negative Cash Flow of $485K/$916K PERS GASB 68 Payment of $276,412 in July Awaiting Housing Meal Plan payment

Investment Designation Report December 2018 PERS GASB 68 Payment of $276,412 in July $500K Herff-Jones A/R pending collected 10/10/17 Housing A/R after September $300K+ pending for Athletics, Housing, Campus Sales tax due.

Balance Sheet – December 2018 Cash down from last year Fall Housing payment ($2.7M) pending in October A/P payables due. $1.6M Herff-Jones $600K collected in October

Cash Flow – December 2018 September/Q1 Cash Flow of $1,365,043 and $153,462. Driven by Investment $323K PERS Payment

December 2017 & 2018 Year-to-year OS Comparison Operating results ahead of last year Sales up 1.2% but trending differently Text Books down $329K as D1D takes place Retail Foods/C-Store Sales flat Residential Dining improvement Cost of Goods/Margins 1.5 points favorable Investment down turn impacting Net Contribution

Operating Statement Summary Year-to-Year Comparison 1st Half Results Credits & Revenues missed budgeted Coke Sponsorship funding

December Operating Statement Division Year-to-Year Comparison