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

2. 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

3. 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

4. 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

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

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

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

8. Operating Statement Summary Year-To-Date Results

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

10. 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

11. Capital Expenditure Status FY 2018/2019 March YTD

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

13. 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%)

14. VEBA TRUST PERFORMANCE (Off-Balance Sheet)

15. 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

16. 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.

17. Balance Sheet – March 2019
Herff-Jones $500K A/R in April

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

19. 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

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

21. March Operating Statement Division Year-to-Year Comparison