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Finance & Investment Committee FY2018/2019 2 nd Quarter Results

Finance & Investment Committee FY2018/2019 2 nd Quarter Results. February 8, 2019. FY 2018/2019 Second Quarter Financial Results. Financial Overview Summary Operating Statement September and Second Quarter Results Capital Status Investment Results Financial Statements

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Finance & Investment Committee FY2018/2019 2 nd Quarter Results

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  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 QuarterFinancial 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

  4. FY 2018/2019 Second QuarterFinancial Overview (cont’d) • Year-to-Date results ahead of plan/last year • Japanese Garden contribution,$200K, on hold • Minimum wage impact pending in January

  5. Operating Statement SummaryDecember 2018

  6. Operating Statement SummaryFY 2018/2019 2nd Quarter Results

  7. Operating Statement – Division RecapDecember and 2nd Quarter Results

  8. Operating Statement SummaryYear-To-Date Results

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

  10. 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 StatusFY 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

  14. Financial Statements OverviewDecember 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

  15. Investment Designation Report December 2018

  16. Balance Sheet – December 2018

  17. Cash Flow – December 2018

  18. December 2017 & 2018Year-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 SummaryYear-to-Year Comparison1st Half Results

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

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