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

2. 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

3. 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

4. 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

5. Operating Statement Summary December Results

6. Operating Statement Summary Second Quarter Results

7. Divisional Operating Statement FY 2017/2018 2nd Quarter Results

8. 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

9. Operating Statement Summary Year-To-Date Results

10. Divisional Operating Statement December Y-T-D Results

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

12. 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.

13. 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

14. Capital Expenditure Status FY 2017/2018 December YTD

15. 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

16. 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

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

18. 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

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

20. 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

21. Operating Statement Summary Year-To-Year Results

22. Operating Statement Summary Year-To-Year Results

23. Divisional Operating Statement December Year-to-Year Comparison