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

2. 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

3. 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

4. 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

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

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

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

8. Operating Statement Summary Year-To-Date Results

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

10. 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

11. Capital Expenditure Status FY 2018/2019 December YTD

12. 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

13. 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

14. 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

15. 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.

16. 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

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

18. 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

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

20. December Operating Statement Division Year-to-Year Comparison