1. Finance & Investment Committee FY2017/2018 1st Quarter Results
October 20, 2017

2. FY 2017/2018 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

3. FY 2017/2018 First Quarter Financial Overview
Operating results behind Plan
Slow semester start revealed a lost week
Budget Variances as Month-end was 9/23/17
Sales $856,373 (8.5%) behind plan
Textbooks down $474,720 (11.1%) from budget
Retail Dining down $364,380 (19.2%)
Residential Dining included $295K Welcome Week
Standard pay occupancy at 2,458 vs 2,562 last year
COG/Margin rates in line with plan
BKS Bank cards not budgeted in Q1
$195K Coke Sponsorship accrued in Sept
Housing Welcome week billing of $295,991

4. FY 2017/2018 First Quarter Financial Overview (cont’d)
Accrued Coke Sponsorship as planned
Cash flow of $153K for Q1
Investment Portfolio gain of $510K
PERS Payment of $276,412K
Major Capital Expenditures still pending
Minimum wage impact pending
Cash Flow $200K behind Plan

5. Operating Statement Summary September Results
Credits & Revenues missed budgeted Coke Sponsorship funding

6. Operating Statement Summary 1st Quarter Results
Credits & Revenues missed budgeted Coke Sponsorship funding

7. Operating Statement – Division Recap September and 1st Quarter Results
Credits & Revenues missed budgeted Coke Sponsorship funding

8. Current Year Expenditures of $337,014
FY2017/2018 Q1Capital Status
Current Year Expenditures of $337,014
$217,000 to campus for Bookstore A/C project
Project in progress – Campus billing complete
$41,436 for Papa John’s Pizza
Received $5K credit for meeting implementation deadline
$55,570 for Outpost Patio Furniture
$13,225 Camera installation
Major Projects Pending
Outpost Patio
Starbucks
Japanese Garden

9. Capital Expenditure Status FY 2017/2018 September YTD
Bookstore A/C Amazon and USU EBT Projects completed
- Awaiting final invoicing from campus

10. Morgan Stanley (MSSB) Portfolio FY 2017/2018 Performance
Portfolio up $413,185 (4.6%) for the Quarter

11. Student Managed Investment (SMIF) Portfolio FY 2017/2018 Performance
Portfolio up $10,105 (6.8%) for the Quarter
$240K up since 9/30/11

12. Financial Statements Overview September 2017
Investment Report
Cash/Investment down $1.6M 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

13. Investment Designation Report September 2017
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.

14. Balance Sheet – September 2017
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

15. Cash Flow – September 2017
September/Q1 Cash Flow of $1,365,043 and $153,462. Driven by Investment $323K
PERS Payment

16. September 2016 & 2017 Q1 Year-to-Year Comparison
Q1 results behind last year
Sales and O/I trailing in all key areas
Residential occupancy down 100
Margins only .3 point lower
Labor up ahead of min wage increase
Investments up $100K

17. September Operating Statement Year-to-Year Comparison