FY 2016/2017 Budget Post Review Update Seeking Approval of Revised Budget: FY 2016/2017 Operating Budget Operating Contribution of $378,390 ($387,569) Reported Net Contribution of $778,390 ($867,569) Updated Housing Contract still pending New Offerings may reduce Revenue Material impact unknown but limited given mix of variable offerings. No change to Residential Dining Expense Adjustments per Recommendation FY 2016/2017 Budget Review

FY 2016/2017 Budget Post Board Review Adjustments Targeted Investment return at 5% $400K Down from $480K Increased Incentive from $300K to $325K Capital Funding Increased to $1,428,195 $25,000 increase for Outpost Seating New - CSU Bond Refunding for Outpost Interest reduction of $15,821 FY 2016/2017 Budget Review

FY 2016/2017 Budget Meal Plan Type Sales Impact Meal Types (10/19/Unlimited/Declining/14Flex) Baseline % – 32/41/14/13/0 (Based on meal selected) Equal is 1/5 (20%) @) Trend % – 32/21*/14/13/20* Assumes 50/50 for 19 and new 14Flex plan Shift to new – 15/15/10/30/30 FY 2016/2017 Budget Review

FY 2016/2017 Budget Summary Operating Statement Post BOD Review Updated to reflect Board Recommended Changes Key activities include Incentive Adjustment Investment return down to 5% New Item for Outpost Bond Refinancing per CO No change to Residential Dining Revenue To many plan options/variables to ascertain material impact. FY 2016/2017 Budget Review