Finance & Investment Committee FY2018/2019 3rdd Quarter Results April 19, 2019

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

FY 2018/2019 Third Quarter Financial Overview Net Operating results on Plan Sales slow down and Transition Retail Food Services continue to trail budget Bookstore Gradfair shift to Credit & Revenues Maintained margins and minimized expense Financial Market turn around (below the line) Investment Gain of $880,632 Positive Cash flow of $1,794,190 for Q3 Capital Expenditures as planned for Starbucks

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

Operating Statement Summary March 2019 Credits & Revenues missed budgeted Coke Sponsorship funding

Operating Statement Summary FY 2018/2019 3rd Quarter Results Credits & Revenues missed budgeted Coke Sponsorship funding

Operating Statement – Division Recap March and 3rd Quarter Results Credits & Revenues missed budgeted Coke Sponsorship funding

Operating Statement Summary Year-To-Date Results

Divisional Operating Statement March Y-T-D Results

Current Year Expenditures of $416,267 Starbucks FY2018/2019 Q3Capital Status Current Year Expenditures of $416,267 Starbucks Library Completed - $174,954 Final billing in March Total Cost $555,179 ($550K two year budget) Starbucks UDP kick-off $55,185 (Includes $30K license fee) $110,259 UDP Sewer Repair in March Other Capital $34,413 relegated to Coolers and Freezers $22,234 Bookstore Relocation carry over

Capital Expenditure Status FY 2018/2019 March YTD

Morgan Stanley (MSSB) Portfolio FY 2018/2019 Performance Third Quarter recovery of $826,795 Year to date down $4,761 (0.5%)

Beach Investment Group (BIG) (Formerly SMIF) Portfolio FY 2018/2019 Performance Third Quarter Recovery of $47,091 Year to date down $11,059 (2.2%)

VEBA TRUST PERFORMANCE (Off-Balance Sheet)

Financial Statements Overview March 2019 Investment Report Cash/Investment up $872K from last year Offsetting Investment gains/losses Balance Sheet Inventory flat at $2.6M A/R flat at $2.3M Textbooks and merchandise Long Term Liabilities Down Cash Flow Statement March/Q3 Cash Flow of $791K/$1,8M PERS GASB 68 Payment of $348,240 in July Known CalPERS YE adjustment of $200K Awaiting Housing Meal Plan payment

Investment Designation Report March 2019 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 – March 2019 Herff-Jones $500K A/R in April

Cash Flow – March 2019 September/Q1 Cash Flow of $1,365,043 and $153,462. Driven by Investment $323K PERS Payment

March 2018 & 2019 Year-to-year OS Comparison Operating results ahead of last year Sales up 1.9% but trending differently Text Books down $825,876 (12.3%) as D1D takes place Retail Foods/C-Store Sales up $267,864 (3.6%) Residential Dining volume improvement $1,035,920 Cost of Goods/Margins 0.8 points favorable Investment flat this year compared to 10% growth in FY 17/18

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

March Operating Statement Division Year-to-Year Comparison