1 / 20

Finance & Investment Committee FY2018/2019 2 nd Quarter Results

Detailed analysis of the financial performance for the second quarter of FY2018/2019, including operating statements, capital status, and investment results. The summary outlines areas of concern like a market meltdown and substantial losses in the investment portfolio, along with positive aspects such as maintaining margins and minimized expenses. The report also discusses the impact of factors like a negative cash flow, outpost bond payment, and capital expenditures. Additionally, it provides insights into year-to-date results, the status of capital expenditure, and the performance of investment portfolios managed by Morgan Stanley and student-managed investments. Financial statements for December 2018 are in focus, highlighting investment gains/losses, inventory levels, and long-term liabilities. The report concludes with a comparison of operating results, sales trends, and net contribution between the December 2017 and 2018 periods.

butcherj
Download Presentation

Finance & Investment Committee FY2018/2019 2 nd Quarter Results

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  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

More Related