1. Board of Directors FY2015/2016 1st Quarter Results
November 20, 2015
Recap

2. FY 2015/2016 First Quarter Financial Summary
Operating Income on plan
Sales off plan by 4.7% but 4.7% over FY14/15
Bookstore Sales down 6.9% (1.7%)
Text Rentals at 36.3%
Food sales up 4.0% and 18.0% respectively
Maintaining Margins
Labor/Expense in line with expectation
Sales
Bookstore down 6.2% from Budget and 1.4% from last year
Food Service up 4.0% and 18%, Cash 10.8% over last year
George’s and Beachwalk open since Fall

3. FY 2015/2016 First Quarter Financial Summary (cont’d)
Overall Negative Net Contribution of $162,551
$676,871 and $280,971behind Plan and last year
Investment Portfolio down $600K
Negative Cash Flow of $289K for quarter
PERS Unfunded liability Payment of $195,533
Capital Expenditure of $158,651
Major projects in progress as planned
Unbudgeted Nugget Fryer - $25,943
Additional requirements pending
Investments $1.5M xferred
Down $600K
Recaptured $400K of investments
Smith down 8.4% and SMIF down 12.3%
Capital
Major projects Nugget Walkway (complete, Camera System, and Accounting upgrade
Plans pending for Amazon
PCI Cost Increase for registers (XP POS no longer supported)

4. Operating Statement Summary 1st Quarter vs Budget & Prior Year
Credits & Revenues included Coke Sponsorship funding

5. Finance & Investment Committee FY2015/2016 1st Quarter Results
October 23, 2015

6. FY 2015/2016 First Quarter Financial Results
Financial Overview
Summary Operating Statement
September and First Quarter Results
Sales Assessment
Investment Results
Financial Statements
September Year-over-year Comparison

7. FY 2015/2016 First Quarter Financial Overview
Operating results behind Plan
Sales behind plan by 4.7%
Bookstore down 6.2% from budget
Food Service up 4.0%
Operating Income on target
Investment Portfolio down $600K
Capital Expenditure Increase planned
Negative Cash Flow of $289K for quarter
-Textbook, Computer Store volumes down.
ID Card Sales were a timing benefit. Budgeted later.

8. Operating Statement Summary September and 1st Quarter Results
Credits & Revenues included Coke Sponsorship funding

9. FY 2015/2016 First Quarter Bookstore Sales Assessment
Slow Semester start for retail activity
Bookstore Sales behind plan by $409K (6.9%)
Down just 1.7% from FY14/15
Textbooks down $490K (10.2%) from budget
Rush Volumes down 2% with Rentals trending upward
C-Stores activity flat at $574K
Sales .6% over plan and 1.9% over FY14/15
Computer Store down $189K (22%)
Up $30K (4.7%) from FY14/15

10. Text Book Volume Trend

11. Text by Type % Trend

12. Text Book Unit Trend 3 Week Rush Period

13. FY 2015/2016 First Quarter Food Sales Assessment
$131K (4.0%) over budget
$531K (18.7%) over last year
George’s & Beachwalk both open
Residential Dining rate increase
Residential Dining at full occupancy – 2,693
Maintaining margins
COG at 29.2% - 1 point above budget and FY14/15
Old data
Board Plans Board Rate
7 day all access $3, New Offering
19 meals/week with $100 flex/semester $3, New Offering
19 meals/week $3,400.00
210 block/semester $3,200.00
10 meals/week with$150 flex/semester $3, New Offering
10 Meal Plan $1,290 $1,330  = $2,660 NET  $2,850 NET
19 Meal Plan $1,505  $1,550  =$3,100 NET  $3,400 NET
210 Block Plan $1,395  $1, =$2,835 NET 

14. Current Year Expenditures of $158,651 Unbudgeted Items up for approval
FY2015/2016 Capital Status
Current Year Expenditures of $158,651
Unbudgeted Items up for approval
Nugget Fryer,$25,943, inadvertently left off Budget
Outpost A/C Controller completed post June
Larger Projects in works or pending invoicing
Nugget Walkway - $70K
Accounting Infrastructure upgrade - $85K
Camera System - $150K
Amazon impact unknown at this time

15. Capital Expenditure Status FY 2015/2016 September YTD
BI 360 and Cameras Pending

16. SMIF Portfolio FY 2015/2016 Performance
Portfolio down $17,573 (12.3%) for the Quarter
$240K up since 9/30/11

17. Smith Barney Portfolio FY 2014/2015 Performance
Net portfolio decrease of $564,904 (8.4%)
Additional Investment of $1.5M in Q1
11% invested in Alternatives vs 15% cap

18. Financial Statements Overview September 2015
Investment Report
Cash/Investment down $135K from last year
$1.5M transfer from Cash to Investments
$600K Investment loss YTD ($200K recovery in Oct)
$500K Pending payments for Athletics, Sales Tax, Capital
Balance Sheet
Cash per Investment report
A/R up $800K over last year - $500K Athletics loan
Inventory up just $160K, A/P down $100K
PERS added to Long Term Liability
Cash Flow Statement
September/Q1 Cash Flow of $517
Negative $289K YTD due to loss from Investments
PERS GASB 68 Payment of $195,433 in July
$1.5M from cash to Investment accounts.
Downturn in Investment Portfolio for Q1 (
Cash down $135K from last year ($11.8M  $11.7M).
Investment Income down $600K YTD
$500K+ pending for Athletics, Housing, Campus
Sales tax due
campus payment for Res Dining hit in Sept again
BALANCE SHEET
Cash down $150K from last year ($11.8M  $11.7M).
Fall Housing payment ($2.5M) received in September again this year
- In turn Other Accrued Liabilities are up by $2M from last year.
A/R up $800K - $500K is Athletics loan. Text/Rebates $200K and
Inventory up by $160K rom last year, In turn A/P down $100K
Pending Capital payments
Monthly VEBA funding of $50K chipping away at Post Retirement but PERS now added to the mix.
CASH FLOW
September/Q1 Cash Flow of $517K but negative $289K YTD
$600K Investments/Interest lost
Minimum Capital Expense
Monthly VEBA Funding

19. Investment Designation Report September 2015
PERS GASB 68 Payment of $195,433 in July
$1.5M from cash to Investment accounts.
Downturn in Investment Portfolio for Q1 (
Cash down $135K from last year ($11.8M  $11.7M).
- In turn Other Accrued Liabilities are up by $2M from last year.
Investment Income down $600K YTD
$300K+ pending for Athletics, Housing, Campus
Sales tax due

20. Balance Sheet – September 2015
Cash down $150K from last year ($11.8M  $11.7M).
Fall Housing payment ($2.5M) received in September this year
- In turn Other Accrued Liabilities are up by $2M from last year.
A/R up $800K - $500K is Athletics loan. Text/Rebates $200K and
Inventory up by $160K rom last year, In turn A/P down $100K
Pending Capital payments
Monthly VEBA funding of $50K chipping away at Post Retirement but PERS now added to the mix.

21. Cash Flow – September 2015
September/Q1 Cash Flow of $517K but negative $289K YTD
$600K Investments/Interest lost
Monthly VEBA Funding

22. FY 2014 & 2015 Year-to-Year September YTD Comparison
Q1 results tracking ahead of last year
Sales flat other than Food Services
Food Services up 18%
Textbooks down 4.9%
Margins a point better across the board
Awaiting second half minimum wage impact
Investments headed in opposite direction

23. September Operating Statement Year-to-Year Comparison