FY 1997 Annual Report - Iowa State University · Web viewThe DOR has grown occupancy by 52.3% (from...

Iowa State University

DEPARTMENT OF RESIDENCEAND ISU DINING COMPREHENSIVE FISCAL REPORT FY16

Prepared September 2016

Submitted by:

Dr. Peter EnglinDirector of Residence

and

Mohamed AliDirector of ISU Dining

Iowa State University

DEPARTMENT OF RESIDENCEAND ISU DININGCOMPREHENSIVE FISCAL REPORT FY16

Table of Contents Page 1

Executive Summary Pages 2-6

Enrollment and Occupancy Page 7

Explanation For Variance In Design, Offered And Program Capacities Page 8

Capacity and Occupancy Page 9

Room and Board Rates Page 10

Peer Group Comparison Page 10

System Distribution of Rooms and Rates Page 11

Room Style Demand Page 12

Meal Plan Buy-In Page 13

Financial Data Page 14

Bond Principal and Interest Due Page 15

Facilities Summary Page 15

Appendix A – Explanation of Changes to Design Capacity Page 16

Appendix B – Explanation of Off-Line Spaces Page 17

Iowa State University Department of Residence and ISU Dining Comprehensive Fiscal Report FY16 Page 1

EXECUTIVE SUMMARY

Department of Residence (DOR)The DOR has grown occupancy by 52.3% (from 7,909 to 12,043) since 2005 by serving as the premier living environment for student success. Strategic and continuous improvements aimed at enhancing the academic success of our residents at Iowa State University sustain an outstanding student experience.

From fall 2011 through fall 2016, this growth resulted in demand for university-owned/managed housing that exceeded permanent capacity (page 4). To manage this issue, the DOR employed a variety of strategies:

Beginning fall 2011 and continuing through spring 2016, the DOR converted residence hall den spaces to student housing. At one point, 436 spaces, all available dens, were in use. In fall 2015, the DOR began decreasing the number of den spaces used as housing due to resident demand that this space be returned to community use.

Beginning fall 2013, and continuing through fall 2104, the DOR brought 780 newly constructed beds on-line in Frederiksen Court. Also beginning fall 2013, the DOR began leasing space in the off-campus community to be staffed, assigned, and contracted by

the DOR as university-managed housing. As demand continued to grow, so too did the number of leased spaces - from 500 in fall 2013 to 1,535 in fall 2015.

For fall 2016, at the direction of University leadership, the DOR agreed to cease the use of den spaces as housing. Additionally, the DOR declined to renew leases in two problematic locations (140 Lynn, a former fraternity house, and Tripp, an apartment building located in a part of West Ames geographically isolated from all other University owned/managed housing). However, in mid-April, University leadership gave the DOR the opportunity to take over the Memorial Union hotel as student housing.

Ultimately, the fall 2016 semester opened 1,084 spaces over permanent capacity. Significant planning on the part of the DOR (pages 4-5), resulted in all newly admitted students receiving an appropriate assignment for their age and class status. However, complications with returner contracts gave rise to an overall vacancy rate, including non-permanent space, of 3.4%

Enhancing student success, measured primarily through contributing to higher persistence and graduation rates for students living in University housing as opposed to alternative living experiences, continues to be the driving motivation for all decisions. Given demand continues to exceed capacity, this focus is serving students well.

As a result of this approach the DOR experienced a record occupancy for fall 2015 with 12,773 students living in University-Owned or University-managed facilities. The philosophy to serve every student who wishes to live in Iowa State University owned/managed facilities has been challenging as demand has far outpaced enrollment growth making the accurate forecasting of demand nearly impossible. Additional beds were leased for 1 year and den spaces were used on a short-term basis to accommodate all who submitted contracts for fall 2015.

For fall 2016 a decision was made, in conjunction with elected student leaders in the Inter-Residence Hall Association and University leadership, to serve all aged 18-19, New Direct from High School (NDHS), students in residence halls. With 7,173 residence hall spaces forecasted to be occupied by 95.7% of the entering class, roughly 1,300 spaces were projected to be for returning students. This was equal to typical demand over the previous five years. However, over 1,800 returners requested residence hall space, resulting in the creation of a waiting list. The DOR also limited overall return rates so that space would be guaranteed available for all forecasted, aged 20 and older, NDHS and Transfer students who desired housing. This parameter added to the waitlist. All students remaining on the waitlist beyond April 22, 2016 were informed they were guaranteed housing for fall 2016, with an assignment to be identified in mid-July.

At the conclusion of summer Orientation and release of learning community spaces, students on the waitlist were offered assignments and the opportunity to submit a contract. Only 35% of the students on the guaranteed waitlist submitted a contract. This was a positive dynamic in terms of providing flexibility for moving space to currently contracted students, but it also resulted in vacancies at opening for fall 2016. Even with vacancies, the University achieved the third highest occupancy total ever.

The DOR will be working with elected student leaders to formulate a plan that maximizes future space utilization while serving the incoming class with the most appropriate living experience. With the addition of 784 new residence hall beds in the spring of 2017 the outlook for serving students well is greatly improved.

The last dynamic of note for fall 2017 is the addition of private sector student housing. As estimated, 1,500 more beds will be available off campus beginning fall 2017. With many properties opening fall 2016 with vacancies it is probable that students will have more options available at a better price point as competition between properties increases.

Iowa State University (ISU) DiningAs University growth continues, meal plan participation has increased and ISU Dining has adapted to serve students and the ISU community in a variety of ways. In fiscal year 2016, more than 2.4 million transactions occurred throughout the 21 campus retail locations. The four dining centers served an average of 8,110 meals per day. Dining has started short and long term strategic planning to meet the needs of the increased customer base and to gain efficiencies, including meal plan restructuring and renovation of the Commissary.


Access/Utilization ISU Dining has made several programmatic changes to address increased demand:

• Extended service times to accommodate students’ class schedules.• Additional payment stations were added to our highest volume locations to increase customer throughput and decrease

wait times.• Implementation of GET Foods online ordering system allowed students to order and purchase meals online or through their

cellphones.• An outdoor grill was utilized during lunch at the beginning of the academic year.• A sack-meal location has been added and is available as a quick-service option for students on the go.• Communication with students about wait times and off-peak dining times.• Two residential dining facilities offer continuous service throughout the day and into the evening.• Weekend service has been extended at two large residential dining facilities.• The Friley Windows Food Court design process was changed to a residential dining facility and is projected to open fall 2017. • Table arrangements at the 4 residential dining facilities changed from individual to communal seating to maximize seating.

The Residential unit of ISU Dining (Conversations, Seasons Marketplace, Storms and Union Drive Marketplace) gives students more ways to utilize their meal plans. Through ‘meals on the go’ and a place to study or relax, the four residential locations remain popular among students and the ISU community as a whole. ISU Dining residential operations have seen a 10% growth from the prior year and are projecting sales of over $21 million.

Residential has been heavily engaged in planning for the opening of our new, 360 seat, residential dining facility located on the west side of campus which will be called ‘Friley Windows’. It is slated to open Fall of 2017.

Strategic and continual improvements in the meal plan continues to be an emphasis for ISU Dining and will continue to be a discussion for the upcoming year. Increased enrollment and occupancy has led to a rise in meal plan participation, creating additional revenues that can be reinvested in facility improvements and operations.

The Retail unit of ISU Dining (cafes, convenience stores, food court and restaurants) gives students more ways to utilize their meal plans. Through snack options, meals on the go, and places to study or relax, the 17 retail locations remain popular among students and the ISU community as a whole. ISU Dining retail operations have seen a 3.4% growth from the prior year and are experiencing sales of over $19.8 million.

The Culinary unit of ISU Dining is comprised of an Executive Chef and a team of Chef de Cuisines. The team has made numerous changes to campus food offerings including refreshing the concepts at the Memorial Union Food Court, halal dishes available in the dining halls, new bakery products including scratch made cookies, pizza dough, and pastries, and the development of a brand new grab and go concept, called Clyde’s Fresh Express. The chefs have also partnered with numerous university departments and groups including Culinary Science, Sustainability and ISU Extension. They have also increased student interaction with the creation of the Food Committee, which has allowed the culinary team to gain feedback, educate, and get to know the student population.

The Catering unit of ISU Dining oversaw 3,448 catered events in FY16. This was a reduction in almost 1,200 catering events. This was due to the loss of the Scheman Catering contract. ISU Dining Catering continued its successful wedding tasting event. They have also worked diligently to set and execute improved service and display standards.

The goal of ISU Dining Nutrition Services is to inspire students to enjoy food and understand the impact of nutrition on wellbeing. Nutrition Services collaborated with the ISU Dietetic Internship, Recreation Services, ISU Employee Well-being, the Department of Food Science and Human Nutrition, and the Office of Sustainability to develop learning opportunities for students and interns, cross promote consistent food and nutrition messages, and increase awareness and student engagement in food and nutrition programs, which included:

• ‘Intuitive Eating’ workshops• Cooking demonstrations• Local Food Festival• Smart Eats Classes• Nutrition Game Nights• Late Night at the MU• Sustainapalooza

Nutrition Services continued to utilize a blog (http://isudiningrd.tumblr.com) and Twitter account (@ISUdiningRD) to provide timely, relevant nutrition education in a user friendly format for college students. Additional educational programs included presentation for student groups, classes, sororities, and residential hall floors.


Net Nutrition and point of sale labels serve as the source of nutrition, ingredient, and allergen information. According to FDA labeling laws, calories are now listed on all digital and print menus in ISU Dining. Balanced meal bundle signage was added to the Memorial Union Food Court to emphasize that there are always healthy options available.

During the 2015-16 school year, the Special Diet Kitchen had approximately 50 students registered to use the facility on a daily basis. Dietary needs ranged from food allergies to autoimmune diseases to the low FODMAP diet. Nutrition Services worked with the Student Disability Resource Office and Department of Residence to streamline the dietary accommodation process in a more efficient manner. Dietary consultations were provided to students on meal plans, with priority given to students with special dietary needs.

Customer SatisfactionISU Dining continued to use the National Association of College and University Food Services (NACUFS) customer service benchmarking survey to evaluate services to students. The NACUFS survey showed ISU Dining to be performing with high satisfaction in the following areas: overall food, taste, eye appeal, freshness, venue cleanliness, overall service, friendly and helpful staff, value, operational hours, dining environment, and layout of facilities. Students continue to request more services, longer serving hours, and more flexibility to the meal plan.

Internal Efficiencies GainedDining is working on a strategic plan to improve facilities and services. A feasibility study is underway to assess the renovation of the Commissary.

In 2016, the Board of Regent institutions partnered to prepare a bid for a Prime Vendor, bidding all BOR food and supplies in one bid. The institutions will continue to streamline purchases to maximize rebates from companies as well.

Enrollment and OccupancySince 2005, enrollment has increased 42.4% from 25,741 to 36,660. During this same period, on-campus occupancy has increased 62.3%, from 7,909 to 12,043.

From fall 2015 to fall 2016, total University enrollment increased by 659 students (1.8%). The breakdown is as follows: 49 student increase (0.4%) in lower division enrollment, (-154 freshmen, +203 sophomores) 588 student increase (3.5%) in upper division enrollment 22 student increase (0.4%) in graduate and professional student enrollment

On-campus occupancy saw an overall decrease of 690 students (-5.4%), for a total of 12,043 residents – the third highest on-campus occupancy in University history. The breakdown is as follows:

131 student decrease (-1.5%) in lower division occupancy (-214 freshmen, +83 sophomores) 501 student decrease (-13.9%) in upper division occupancy 58 student decrease (-15.8%) in graduate and professional student occupancy

Housing CapacityIn spite of repeated maximization of available permanent bed spaces and adjustment of assignment processes and deadlines, fall 2016 saw the demand for on-campus housing exceed the availability of permanent space for the sixth consecutive year.

Year Permanent Capacity Occupancy +/-

2011 9,922 9,976 (54)2012 10,179 10,426 (247)2013 10,455 11,270 (815)2014 10,955 12,237 (1,282)2015 11,018 12,733 (1,715)2016 10,959 12,043 (1,084)

For fall 2015, the DOR was forced to waitlist almost 200 Returner and Transfer contracts. Unfortunately, despite leasing two additional buildings, as the assignments process progressed it became apparent in late-July that there would not be space available to house anyone on the waitlist. This was communicated to the waitlist as soon as it was realized, but the timing was less than desirable.

For fall 2016, at the direction of University leadership, the DOR agreed to cease the use of den spaces as housing. Additionally, the DOR declined to renew leases for 83 spaces in two problematic locations (140 Lynn, a former fraternity house, and Tripp, an apartment building geographically isolated from all other University owned/managed housing).

When planning began for fall 2016, aware that available space had decreased, the DOR did not want to develop a system that informed students housing was unavailable at the last minute or that assigned new admits to spaces that would not promote their academic success.


Based on enrollment projections, historic housing capture, counts of available space, and input from University leadership, it was determined that all newly-admitted students would be the priority, and the following occupancy plan was put into place:

Population Residence Halls ApartmentsNewly Admitted Freshmen 19 & younger 19 (if requested) and 20 & olderNewly Admitted Transfers 18 & younger 19 & olderReturners living on-campus spring 2016 Any age, but only 1,300 Any age, but only 5,600Current ISU students living off-campus spring 2016 Waitlist Only Waitlist OnlyAdmissions Partnership Program (APP) Students Waitlist Only Waitlist Only

This plan, implemented and advertised in January 2016, was intended to provide current ISU students the opportunity to make an early, informed, decision about their fall 2016 housing while also affording them the opportunity to seek off-campus housing prior to leaving Ames at the end of the spring 2016 semester.

On February 14, contracts for returners were at 5,982 – 382 over the 5,600 cap. With New Freshman and New Transfer contracts already coming in stronger than previous years, the DOR immediately shut off contracting for Returners and started a Returner Waitlist. Ultimately, 271 off-campus students and 414 returners submitted waitlist applications. These students were told they would receive the first update on their status in March with weekly updates to follow throughout the summer.

Continued, strong contracting rates from freshmen and transfers in February and March, along with projected cancellations indicated there would be insufficient space to honor all 685 waitlist contracts. Knowing the off-campus housing prospects were better for students in April and May than they would be during the summer, the first 300 students on the waitlist received information guaranteeing them a space in on-campus housing with assignments being made in mid-July. The remaining 382 students on the list were informed that space would not be available for them and they were being released from the waitlist.

In mid-April, University leadership gave the DOR the opportunity to take over the Memorial Union hotel as student housing, adding 71 bed spaces to room inventory. On April May 4, the DOR offered these spaces to the waitlist. 25 accepted an MU space. Following Orientation and the release of Learning Community space in mid-July, the DOR began sending out assignments to those on the waitlist. Ultimately, of the 300 people on the waitlist offered a space (including the MU offer), only 105 (35%) accepted an assignment.

The August 1 contracting report showed the DOR as having 435 vacancies, with a projected 77 additional vacancies due to cancellation by the start of the fall 2016 move-in process. An analysis of why so many vacancies existed showed

• New Freshman in housing numbers were projected to be 5,909 – 120 down from the anticipated 6,029.• New Transfer in housing numbers were projected to be 880 – 70 down from the anticipated 950.• Returner in housing numbers were projected to be 5,177 – 300 down from the allotted 5,488.

While the numbers of newly admitted students used in planning were conservative, 402 of these vacancies were contributed to the behavior of returning students. The DOR had counted on the guaranteed waitlist to take assignments, especially since this population had been very vocal throughout the summer about needing housing. The fact that 195 (65%) declined on-campus housing was surprising. This coupled with an increase of 207 Returner cancellations (23% realized July 8 – August 1), accounted for the vacancies.

Following the August 1 report, the DOR made multiple efforts to reach out to non-contracted students to notify them of available on-campus housing. Notifications were sent to all non-contracted, newly admitted freshmen, transfers, and graduate students; information was posted on social media; and outreach was conducted to several key ISU offices (Enrollment Services, Registrar, Graduate College, etc.) to provide this update.

Regardless of the vacancies in place for fall 2016, it is clear that the demand for on-campus housing remains strong. Moving forward, the DOR will review all assignment priority processes, deadlines, and eligibility along with current predictive methods in an attempt to create a new housing model. While the opening of a new, 784 bed residence hall in spring 2017 (currently under construction) will certainly assist, it will not entirely solve a situation where demand exceeds permanent capacity by over 1,000 spaces as happened this fall.

Room Styles & RatesThe table on page 11 outlines the number of available rooms by style and rate.

Choice continues to be very important to today’s students and their families. The DOR offers a number of different room styles and options. Room rates are based upon the type of room offered. Equitable room types with the same amenities are the same rate regardless of their location on-campus.

Peer Group ComparisonsIn this era of increasing diversity in housing and dining availability on campuses nationwide, it is difficult to draw direct conclusions based upon peer group data. Using the aggregate of data, however, ISU on-campus housing remains competitively priced when compared to the land-grant peer group. See tables on page 10.


Room DemandThe table on page 12 shows the breakdown of fall 2016 student requests for specific room types and locations. The demand figures are based only on the preferences listed as a first choice by new students and spaces selected during Recontracting by returning students.

Residence Hall PreferencesThe top three residence hall preferences are:

Union Drive (UD) – Double Room – AC (962 requests 769 spaces) Richardson Court (RC) – Double Room – AC (867 requests, 1,086 spaces) Richardson Court (RC) – Double Room – Maple (853 requests, 467 spaces)

The bottom three residence hall preferences are: Union Drive (UD) – Single Room - no AC, Friley (27 requests, 22 spaces) Union Drive (UD) – Double Room - no AC, Sub. Free (30 requests, 42 spaces) Richardson Court (RC) – Single Room - no AC (59 requests, 43 spaces)

Air-conditioned Friley Hall (1,741) remains the most popular residence hall choice, followed by Maple Hall (988). Demand in these locations exceeds capacity. The third most requested location is Larch/Willow halls (867).

Wallace-Wilson (170) is the least popular building/area followed by single gender housing in Oak-Elm and Birch-Welch-Roberts (249). Capacity in these areas exceeds initial demand.

Requests for co-ed housing exceed requests for single-gender housing at a rate of 26 to 1.

Requests for double rooms exceed requests for single rooms at a rate of 13 to 1.

Requests for air-conditioned housing exceed requests for non-air-conditioned housing at a rate of 5 to 1.

Where both exist, requests for non-substance free housing exceed requests for substance free housing at a rate of 2 to 1.

Student Apartment PreferencesRequests for Frederiksen Court decreased 0.8% while Schilletter-University Village (SUV) requests decreased 14.7%. In the leased apartments, requests for Legacy increased 2.5% while requests for the ISU West area increased 11.9%.

Guest HousingWhile fall 2016 guest occupancy sits at 35.2%, a 40.5% decrease from fall 2015, Guest Housing requests continue to rise during the spring and summer. During these periods, demand typically exceeds supply and staff are often required to turn requests away.

Meal Plan Buy-InISU Dining has enjoyed strong FY16 meal plan participation with 11,629 total meal plans purchased. This includes:

5,677 voluntary meal plans – an increase of 165 (3.0%), and 5,952 mandatory meal plans – a decrease of 355 (-5.6%).

The decrease in mandatory meal plans can be attributed primarily to the reduction of students assigned to residence hall den spaces. Of the den spaces used as student housing for fall 2015, 249 were in mandatory areas. The remaining decrease can be attributed to spaces offline or vacant in mandatory areas.

Financial DataNet operating revenue for FY16 is $32,036,266, an increase of $2,886,980 over FY15. This increase is attributable to strong retention rates of continuing residents to on-campus housing for both fall and spring semesters, as well as continued strong New Direct from High School enrollment. Fall 2015 occupancy was budgeted at 12,603, and actual occupancy for Fall 2015 was 12,733. In addition, Odyssey of the Mind World Finals was held on campus in May 2015, resulting in additional revenue of over $1M. Fall 2015 reflects an increase of 574 voluntary meal plans.

Capital Expenditures/Replacement ValuesDOR and ISU Dining have made the strategic decision to target the majority of their capital dollars into specific facilities based upon current knowledge of future facility utilization. In-year priorities impact implementation of this strategy.


ENROLLMENT and OCCUPANCY

All data is as of Count Day (10th class day) for the fall semester of the fiscal year. Enrollment Data can be found on the ISU Web Site: http://www.iastate.edu/~registrar/stats/.

Enrollment Comparison

Level Fall 2015 Fall 2016 Change (+ or -)# %

Freshmen 7,033 6,879 -154 -2.2%Sophomores 6,408 6,611 203 3.2%

Total lower division 13,441 13,490 49 0.4%Total upper division 16,593 17,181 588 3.5%

Total undergraduate 1 30,034 30,671 637 2.1%Total graduate 2 5,967 5,989 22 0.4%Total enrollment 36,001 36,660 659 1.8%

Occupancy and Enrollment Comparison – Residence Halls


Freshmen 5,263 5,182 -81 -1.5%Sophomores 1,451 1,288 -163 -11.2%

Total lower division 6,714 6,470 -244 -3.6%Total upper division 710 557 -153 -21.5%

Total undergraduate 1 7,424 7,027 -397 -5.3%Total graduate 2 6 6 0 0.0%Total occupancy 7,430 7,033 -397 -5.3%

Occupancy and Enrollment Comparison – Student Apartments


Freshmen 695 562 -133 -19.1%Sophomores 1,365 1,611 246 18.0%

Total lower division 2,060 2,173 113 5.5%Total upper division 2,883 2,535 -348 -12.1%

Total undergraduate 1 4,943 4,708 -235 -4.8%Total graduate 2 360 302 -58 -16.1%Total occupancy 5,303 5,010 -293 -5.5%

Occupancy and Enrollment Comparison – Residence Halls and Student Apartments


Freshmen 5,958 5,744 -214 -3.6%Sophomores 2,816 2,899 83 2.9%

Total lower division 8,774 8,643 -131 -1.5%Total upper division 3,593 3,092 -501 -13.9%

Total undergraduate 1 12,367 11,735 -632 -5.1%Total graduate 2 366 308 -58 -15.8%Total occupancy 12,733 12,043 -690 -5.4%

Percentage of Enrollment Housed – Residence Halls and Student ApartmentsLevel Fall 2015 Fall 2016 (+ or -)Freshmen 84.7% 83.5% -1.2%Sophomores 43.9% 43.9% -0.1%

Total lower division 65.3% 64.1% -1.2%Total upper division 21.7% 18.0% -3.7%

Total undergraduate 1 41.2% 38.3% -2.9%Total graduate 2 6.1% 5.1% -1.0%Total 35.4% 32.9% -2.5%

1. Undergraduate specials (non-degree) included in upper division count.2. First Professionals and Post Docs included in graduate count.


http://www.iastate.edu/~registrar/stats/

EXPLANATION for VARIANCE in DESIGN, OFFERED and PROGRAM CAPACITY

All data is as of Count Day (10th class day) for the fall semester of the fiscal year.

FALL 2016 VARIANCE EXPLANATIONS FOR DESIGN, OFFERED AND PROGRAM CAPACITYResidence Halls Design 1 Offered Off-Line 2 Program Variance Explanation VarianceBarton 100 100 0 99 -1 1 CA DAS 3

Birch-Welch-Roberts 493 493 0 489 -4 4 CA DASFreeman 108 108 0 108 0 Larch 544 544 0 536 -8 8 CA DASLinden 320 320 0 313 -7 7 CA DASLyon 119 119 0 119 0 Maple 512 512 0 504 -8 8 CA DASOak-Elm 443 442 -1 439 -3 3 CA DASWillow 544 542 -2 534 -8 8 CA DASTotal Richardson Court 3,183 3,180 -3 3,141 -39 Eaton 328 325 -3 322 -3 3 CA DASFriley 1,208 1,201 -7 1,182 -19 19 CA DASHelser 717 713 -4 700 -13 13 CA DASMartin 332 323 -9 323 0 Total Union Drive 2,585 2,562 -23 2,527 -35 Buchanan 409 402 -7 402 0 Wallace 4 546 546 0 546 0 Wilson 546 544 -2 544 0 Total Towers 1,501 1,492 -9 1,492 0 Total Residence Halls 7,269 7,234 -35 7,160 -74

Student Apartments Design 1 Offered Off-Line 2 Program Variance Explanation VarianceFrederiksen Court 2,712 2,670 -42 2,670 0 Schilletter Village – Single 0 0 0 28 28 28 spaces (14 SV units) rented as non-family, 1 privateUniversity Village – Single 992 978 -14 926 -52 16 spaces (8 units) rented as family, 36 privateTotal Single Student 3,704 3,648 -56 3,624 -24 Schilletter Village - Family 4 184 181 -3 167 -14 14 units (28 spaces) rented as non-familyUniversity Village - Family 4 0 0 0 8 8 8 units (16 spaces) rented as familyTotal Family 184 181 -3 175 -6 Total Student Apartments 3,888 3,829 -59 3,799 -30

Total System Design 1 Offered Off-Line 2 Program Variance Explanation of VarianceTotal Student Bed Spaces 11,157 11,063 -94 10,959 -104Total non-Permanent Spaces 5 1,532 1,506 -26 1,506 0Total Guest Apartments 5 72 71 -1 71 0Total DOR System 12,761 12,640 -121 12,536 -104

1. See Appendix A for an explanation of changes to Design Capacity2. See Appendix B for an explanation of Off-line Space3. DAS indicates that a double room is being used as a single, either as a CA space or for a student with a medical need4. All SUV Family and Guest are designed with 2 bed spaces, but are offered as single units (1 bed space).5. Includes space in the Memorial Union and space leased in the off-campus community.


CAPACITY and OCCUPANCY

All data is as of Count Day (10th class day) for the fall semester of the fiscal year. Capacity indicated is PROGRAM capacity. Program capacity will vary from year to year based upon on-line status and bed space

conversion due to doubles-as-singles and/or triples-as-doubles.

HALL AND APARTMENT OCCUPANCIES AS COMPARED TO PROGRAM CAPACITY

Residence HallsFall 2015 Fall 2016 Variance

Cap. Occ. % Cap. Occ. % Cap. # Cap. % Occ. # Occ. % %Barton 99 99 100.0% 99 95 96.0% 0 0.0% -4 -4.0% -4.0%Birch-Welch-Roberts 478 474 99.2% 489 464 94.9% 11 2.3% -10 -2.1% -4.3%Freeman 117 117 100.0% 108 107 99.1% -9 -7.7% -10 -8.5% -0.9%Larch 536 504 94.0% 536 527 98.3% 0 0.0% 23 4.6% 4.3%Linden 313 311 99.4% 313 302 96.5% 0 0.0% -9 -2.9% -2.9%Lyon 119 119 100.0% 119 119 100.0% 0 0.0% 0 0.0% 0.0%Maple 488 486 99.6% 504 493 97.8% 16 3.3% 7 1.4% -1.8%Oak-Elm 440 432 98.2% 439 434 98.9% -1 -0.2% 2 0.5% 0.7%Willow 536 536 100.0% 534 521 97.6% -2 -0.4% -15 -2.8% -2.4%Total Richardson Court 3,126 3,078 98.5% 3,141 3,062 97.5% 15 0.5% -16 -0.5% -1.0%Eaton 322 321 99.7% 322 315 97.8% 0 0.0% -6 -1.9% -1.9%Friley 1,191 1,186 99.6% 1,182 1,173 99.2% -9 -0.8% -13 -1.1% -0.3%Helser 704 702 99.7% 700 687 98.1% -4 -0.6% -15 -2.1% -1.6%Martin 331 329 99.4% 323 318 98.5% -8 -2.4% -11 -3.3% -0.9%Total Union Drive 2,548 2,538 99.6% 2,527 2,493 98.7% -21 -0.8% -45 -1.8% -1.0%Buchanan 409 405 99.0% 402 398 99.0% -7 -1.7% -7 -1.7% 0.0%Wallace 546 540 98.9% 546 509 93.2% 0 0.0% -31 -5.7% -5.7%Wilson 544 531 97.6% 544 511 93.9% 0 0.0% -20 -3.8% -3.7%Total Towers 1,499 1,476 98.5% 1,492 1,418 95.0% -7 -0.5% -58 -3.9% -3.4%Total Residence Halls 7,173 7,092 98.9% 7,160 6,973 97.4% -13 -0.2% -119 -1.7% -1.5%

ApartmentsFall 2015 Fall 2016 Variance

Cap. Occ. % Cap. Occ. % Cap. # Cap. % Occ. # Occ. % %Frederiksen Court 2,683 2,667 99.4% 2,670 2,602 97.5% -13 -0.5% -65 -2.4% -2.0%Schilletter Village 54 51 94.4% 28 23 82.1% -26 -48.1% -28 -54.9% -12.3%University Village 949 925 97.5% 926 891 96.2% -23 -2.4% -34 -3.7% -1.3%Total Single Student 3,686 3,643 98.8% 3,624 3,516 97.0% -62 -1.7% -127 -3.5% -1.8%Schilletter Village 155 151 97.4% 167 155 92.8% 12 7.7% 4 2.6% -4.6%University Village 4 4 100.0% 8 8 100.0% 4 100.0% 4 100.0% 0.0%Total Family 159 155 97.5% 175 163 93.1% 16 10.1% 8 5.2% -4.3%Total Apartments 3,845 3,798 98.8% 3,799 3,679 96.8% -46 -1.2% -119 -3.1% -1.9%

DOR SystemFall 2015 Fall 2016 Variance

Cap. Occ. % Cap. Occ. % Cap. # Cap. % Occ. # Occ. % Cap.Total Permanent Capacity 11,018 10,890 98.8% 10,959 10,652 97.2% -59 -0.5% -238 -2.2% -1.6%Total Interim Spaces 348 338 97.1% 0 0 0.0% -348 -100.0% -338 -100.0% -97.1%Total Leased Space 1,535 1,505 98.0% 1,506 1,391 92.4% -29 -1.9% -114 -7.6% -5.7%Total Student Spaces 12,901 12,733 98.7% 12,465 12,043 96.6% -436 -3.4% -690 -5.4% -2.1%Total Guest Apartments 72 42 58.3% 71 25 35.2% -1 -1.4% -17 -40.5% -23.1%Total DOR System 12,973 12,775 98.5% 12,536 12,068 96.3% -437 -3.4% -707 -5.5% -2.2%

Permanent Capacity vs. Total Student Occupancy

Fall 2015 Fall 2016 VarianceCap. Occ. % Occ. Cap. +/- Cap. Occ. % Occ. Cap. +/- % Occ. Cap. +/-

11,018 12,733 115.6% (1,715) 10,959 12,043 109.9% (1,084) -5.7% 631


ROOM and BOARD RATES

Rates indicated are for the entire academic year – both fall and spring semester. All data is as of Count Day (10th class day) for the fall semester of the fiscal year.

10 Year Comparison Combined Rate for Double Room and Full BoardYear Standard Double w/ A/C Full Board Combined Cost2016-2017 $4,487 $3,927 $8,414 2015-2016 $4,334 $3,791 $8,125 2014-2015 $4,208 $3,676 $7,884 2013-2014 $4,146 $3,628 $7,774 2012-2013 $4,146 $3,628 $7,774 2011-2012 1 2 $4,053 $3,628 $7,681 2010-2011 $3,929 $3,591 $7,520 2009-2010 $3,796 $3,527 $7,323 2008-2009 $3,703 $3,297 $7,000 2007-2008 3 $3,561 $3,154 $6,715

1. In 2011-2012, DOR equalized rates between areas. There is no longer a cost difference between standard double rooms with AC in Union Drive and Richardson Court.2. In 2011-2012, with the formation of new meal plans, ISU Dining will begin reporting the "Gold Plan" rate. Previously, the rate used was "Weekly 17 plus DD$."3. In 2007-2008, to match the rates reported as Cost of Attendance by Financial Aid, DOR began reporting the "Union Drive - A/C" rate. Previously, the rate used was for

"Richardson Court - No-A/C.”

PEER GROUP COMPARISONS

Rates indicated are for the entire academic year – both fall and spring semester. All ISU data is as of Count Day (10th class day) for the fall semester of the fiscal year. Data for other schools has been obtained from that

university’s web site. Room Types and Meal Plans offered vary greatly by institution and may fluctuate from year to year. Room and meal plans that most

closely approximate a Standard, Union Drive, Double with A/C and the default Gold Meal Plan have been selected. In cases where ranges are present, rates are based upon buildings, locations and amenities.

Comparable Peer University Rate Comparison – Combined Rate for Double Room and Full BoardSchool 2015-2016 2016-2017 Room Board Plan Name Meals / Week $/Points / Semester

University of California, Davis 1 $13,959 $15,273 $15,273 $0 Frequent Diner Plan 14 (avg.) $200 Aggie Cash

University of Illinois, Urbana 2 $10,676 $10,964 $6,404 $4,560 12 Classic Plan 12 15 Credits

Michigan State University $10,074 $10,890 $4,576 $6,314 Platinum Unlimited $300 Spartan Cash

Ohio State University $6,130 $10,646 $6,130 $4,516 Scarlet 14 14 $300 Dining Dollars

University of Wisconsin, Madison $7,568 $10,324 $7,824 $2,500 Not required, but mandatory dining operation fee included in room rate.

Texas A & M University $4,140 $10,276 $6,276 $4,000 Block 200 10-12 $300 DiningDollars

University of Arizona $5,750 $9,530 $5,980 $3,550 Wildcat Silver 2/day $3000

Purdue University $8,184 $9,414 $4,860 $4,554 13 meal track 13 $225 Dining $

University of Minnesota, Twin Cities $5,044 $9,058 $5,270 $3,788 14 Meals 14 250 Flex Dine

Iowa State University $8,070 $8,414 $4,487 $3,927 Gold Plan 14 (avg.) $200 Dining $

North Carolina State University $5,910 $7,020 $6,020 $1,000 12 Per Week 12 $300 Dining Dollars

Average $7,773 $10,164 $6,645 $3,519

Comparable Peer University Rate Comparison – Standard Suites Comparable Peer University Rate Comparison – Furnished ApartmentsSchool 2015-2016 2016-2017 School 2015-2016 2016-2017University of Illinois, Urbana 2 $11,552 $8,866 University of California, Davis 1 $9,368-$12,648 $9,879 Purdue University $11,038-$11,288 $7,250 University of Minnesota, Twin Cities $6,589-$8,303 $8,673 University of Wisconsin, Madison $8417-$8518 $8,774 University of Wisconsin, Madison $7,866 $8,100 University of Arizona $7,980 $8,300 Texas A & M University $5,373- $6,264 $7,810 Texas A & M University $7,426 $7,648 Purdue University $6,734 $7,366 Ohio State University $7,876 $7,876 University of Illinois, Urbana 2 $7,110 $7,290 Iowa State University $5,538 $5,732 North Carolina State University $6,472 $6,972 University of Minnesota, Twin Cities $5,390-$5;844 $5,886 Ohio State University $6,560-$7,876 $6,530 Michigan State University n/a n/a Iowa State University $5,496 $5,638 North Carolina State University n/a n/a Michigan State University $6,170-$7,776 $6,471 University of California, Davis 1 n/a n/a University of Arizona $6,255 $5,625


1. Housing is not university owned.2. Learning Community housing is an additional fee


SYSTEM DISTRIBUTION of ROOMS and RATES

The number of bed spaces listed is indicative of what was OFFERED to students as available and on-line. Actual beds rented may vary due to off-line status or offering of space as double-as-single or triple-as-double (see page 17).

Rooms and Rates, System DistributionResidence Halls - Traditional Style Fall 2015 Fall 2016Area Room Type Beds % System Rate Beds % System RateRC Double - Maple 448 3.43% $4,896 456 3.64% $5,067RC & UD Single without A/C 173 1.32% $5,563 171 1.36% $5,758UD Single with A/C 73 0.56% $5,672 70 0.56% $5,873RC & UD Double without A/C 2,202 16.86% $4,279 2,166 17.28% $4,429RC & UD Double with A/C 1,966 15.05% $4,334 1,930 15.40% $4,487RC & UD Triple without A/C 108 0.83% $4,064 105 0.84% $4,208UD Triple with A/C 69 0.53% $4,101 69 0.55% $4,246RC & UD Quad with A/C 0 0.00% $3,879 8 0.06% -RC & UD Quad without A/C 12 0.09% $3,851 0 0.00% $4,015Total Richardson Court and Union Drive 5,051 38.67% - 4,975 39.69% -WW Single 60 0.46% $5,190 60 0.48% $5,373WW Double 1,030 7.89% $4,093 1,030 8.22% $4,236WW Quad 0.00% $3,660 0 0.00% -Total Wallace and Wilson 1,090 8.34% - 1,090 8.69% -Total Traditional Style 6,141 47.01% - 6,065 48.38% -xxxx

Residence Hall Suite Style Rooms Fall 2015 Fall 2016Area Room Type Beds % System Rate Beds % System RateRC Triple – Maple 48 0.37% $5,121 48 0.38% $5,299Total Richardson Court 48 0.37% - 48 0.38% -BH Single – Buchanan 157 1.20% $6,370 154 1.23% $6,592BH Double – Buchanan 252 1.93% $5,538 248 1.98% $5.732Total Buchanan 409 3.13% - 402 3.21% -UD Single – Eaton & Martin 17 0.13% $6,823 16 0.13% $6,960UD Double – Eaton & Martin 537 4.11% $5,933 531 4.24% $6,052UD Corner Suite - Martin 28 0.21% $6,907 24 0.19% $6,907UD Lofted Suite - Martin 74 0.57% $7,883 74 0.59% $7,883Total Union Drive 656 5.02% - 645 5.15% -Total Suite Style 1,113 8.52% - 1,095 8.73% -xxxx

Total Residence Hall Rooms 7,254 55.54% - $7,160 57.12% -xxxx

Student Apartments Fall 2015 Fall 2016Area Frederiksen Court Beds % System Rate Beds % System RateFC 2 Bedroom Shared 628 4.81% $4,380 624 4.98% $4,533FC 2 Bedroom Private 19 0.15% $6,716 16 0.13% $6,591FC 4 Bedroom Private 2,036 15.59% $5,496 2,030 16.19% $5,688Total Frederiksen Court 2,683 20.54% - 2,670 21.3% -SV 2 Bedroom, 1 Level 159 1.22% $5,492 167 1.33% $5,602SV 2 Bedroom, 1 Level - Pet 24 0.18% $5,743 28 0.22% $5,857UV 1 Bedroom, 1 Level 8 0.06% $4,743 7 0.06% $4,838UV 2 Bedroom, 1 Level 47 0.36% $5,094 45 0.36% $5,196UV 2 Bedroom Townhouse 554 4.24% $5,419 538 4.29% $5,527UV 2 Bedroom Townhouse - Pet 322 2.47% $5,743 289 2.31% $5,857UV 2 Bedroom Townhouse - Furnished 56 0.43% $5,743 55 0.44% $5,857Total Schilletter & University Village 1,170 8.96% - 1,129 9.01% -Total Student Apartments 3,853 29.50% - 3,799 30.30% -xxxx

DOR System Summary Fall 2015 Fall 2016Beds % System Rate Beds % System Rate

Total Permanent Spaces 11,107 85.03% - 10,959 87.42% -Total Interim Spaces 1 348 2.66% - 0 0.00% -Total Non-Permanent 2 1,535 11.75% - 1,506 12.01% -Total Student Bed Spaces 12,990 99.45% - 12,465 99.43% -SUV Furnished Guest Apartments 72 0.55% $1,395 71 0.57% $1,457SUV Unfurnished Guest Apartments 0 0.00% $1,085 0 0.00% $1,116Total Guest Apartments 72 0.55% - 71 0.57% -Total DOR System 13,062 100.00% - 12,536 100.00% -

1. Interim housing rates are equal to the double, triple, or quad room rate for the building in which they are located.2. Includes space in the Memorial Union and space leased in the off-campus community.


ROOM STYLE DEMAND

Demand figures include preferences listed as a FIRST choice by new students and selected during Recontracting by returning students. The number of bed spaces listed is indicative of what was OFFERED to students as available and on-line.

Room Style Demand vs. CapacityResidence Halls - Traditional Style Fall 2015 Fall 2016 Demand

VarianceArea Room Type Capacity Demand + / - Capacity 1 Demand + / -RC Double Room - AC 1,088 840 -248 1,086 867 -219 27RC Double Room - Maple 480 1,017 537 467 853 386 -164RC Double Room - No AC 584 387 -197 604 320 -284 -67RC Double Room - No AC, Single Gender 776 262 -514 841 189 -652 -73RC Single Room - No AC 42 57 15 43 59 16 2RC Single Room - No AC, Single Gender 97 70 -27 94 60 -34 -10RC Any Richardson Court - 10 - - 13 - 3Total Richardson Court 3,067 2,643 -424 3,135 2,361 -774 -282UD Double Room - AC 708 1,115 407 769 962 193 -153UD Double Room - AC, Sub. Free 170 600 430 188 611 423 11UD Double Room - No AC - Friley 826 422 -404 834 367 -467 -55UD Double Room - No AC, Sub. Free 43 48 5 42 30 -12 -18UD Single Room - AC 62 148 86 59 143 84 -5UD Single Room - No AC - Friley 33 41 8 22 27 5 -14UD Any Union Drive - 12 - - 11 - -1Total Union Drive 1,842 2,386 544 1,914 2,151 237 -235TW Double Room - No AC 1,030 204 -826 1,032 118 -914 -86TW Single - Wallace & Wilson 60 73 13 58 52 -6 -21Total Towers 1,090 277 -813 1,090 170 -920 -107Total Traditional Style 5,999 5,306 -693 6,139 4,682 -1,457 -624

Residence Halls - Suite Style Fall 2015 Fall 2016 Demand VarianceArea Room Type Capacity Demand + / - Capacity Demand + / -

RC Triple – Maple 48 177 129 45 135 90 -42Total Richardson Court 48 177 129 45 135 90 -42BH Suite Double 252 381 129 259 324 65 -57BH Suite Single 157 198 41 143 178 35 -20Total Buchanan 409 579 170 402 502 100 -77UD Suite Double 229 328 99 225 296 71 -32UD Suite Double - Sub. Free 325 872 547 325 723 398 -149UD Suite Double - Corner 28 140 112 24 170 146 30UD Suite Double - Lofted 74 198 124 74 251 177 53Total Union Drive 656 1,538 882 648 1,440 792 -98Total Suite Style 1,113 2,294 1,181 1,095 2,077 982 -217

Total Residence Hall Preferences 7,602 7,600 -2 7,456 6,759 -697 -841

Student Apartments Fall 2015 Fall 2016 Demand VarianceArea Frederiksen Court Capacity Demand + / - Capacity Demand + / -

FC 2 Bedroom Shared 628 573 -55 585 551 -34 -22FC 2 Bedroom Private 19 100 81 16 88 72 -12FC 4 Bedroom Shared 2,036 1,892 -144 2,069 1,905 -164 13Total Frederiksen Court 2,683 2,565 -118 2,670 2,544 -126 -21SUV Schilletter Village 183 188 5 181 34 -147 -154SUV University Village 987 806 -181 978 814 -164 8Total Schilletter & University Village 1,170 994 -176 1,159 848 -311 -146NP ISU West 2 1,203 663 -540 1,145 742 -403 79NP Legacy 2 298 323 25 297 331 34 8NP Lynn 2 34 0 -34 0 0 0 0NP Memorial Union (MU) 0 0 0 64 42 -22 42Total Non-Permanent 1,535 986 -549 1,506 1,115 -391 129Total Student Apartment Preferences 5,388 4,545 -843 5,335 4,507 -828 -38

- No Preference - 602 - - 777 - 175Total Student Preferences 12,990 12,733

Additional Preferences 1 Fall 2015 Fall 2016 Demand VarianceCapacity Demand + / - Capacity Demand + / -

- Learning Community 3 1,386 1,345 -41 1,297 1,311 14 -34- Triple or Quad Room - RC or UD 1 4 490 769 279 222 545 323 -224

1. Includes residence hall dens being used as permanent rooms for 2015-16.2. These spaces consist of off-campus space that the DOR has leased and is operating as on campus housing.3. These spaces are also included in above counts4. Triple and Quad room Capacity is included in count of Total Residence Hall Capacity


MEAL PLAN BUY-IN

All data is as of Count Day (10th class day) for the fall semester of the fiscal year.

Mandatory Meal Plans Fall 2015 Fall 2016 Variance # % # % # %

CA Plan 116 1.8% 116 1.9% 0 0.0%Cyclone Plan 116 1.8% 121 2.0% 5 4.3%Cardinal Plan 136 2.2% 119 2.0% -17 -12.5%Gold Plan 3,855 61.1% 3,716 62.4% -139 -3.6%Silver Plan 957 15.2% 885 14.9% -72 -7.5%Bronze Plan 1,127 17.9% 995 16.7% -132 -11.7%Total Mandatory Plans 6,307 - 5,952 - -355 -5.6%

Voluntary Meal Plans Fall 2015 Fall 2016 Variance # % # % # %

CA Plan 20 0.4% 22 0.4% 2 10.0%Cyclone Plan 71 1.3% 51 0.9% -20 -28.2%Cardinal Plan 57 1.0% 58 1.0% 1 1.8%Gold Plan 903 16.4% 794 14.0% -109 -12.1%Silver Plan 477 8.7% 458 8.1% -19 -4.0%Bronze Plan 1,087 19.7% 1,171 20.6% 84 7.7%25 Meal Block Plan 806 14.6% 1,001 17.6% 195 24.2%50 Meal Block Plan 808 14.7% 894 15.7% 86 10.6%75 Meal Block Plan 452 8.2% 475 8.4% 23 5.1%100 Meal Block Plan 831 15.1% 753 13.3% -78 -9.4%Total Voluntary Plans 5,512 - 5,677 - 165 3.0%

All Plans Fall 2015 Fall 2016 Variance # % # % # %

CA Plan 136 30.1% 138 29.1% 2 1.5%Cyclone Plan 187 1.6% 172 1.5% -15 -8.0%Cardinal Plan 193 1.6% 177 1.5% -16 -8.3%Gold Plan 4,758 40.3% 4,510 38.8% -248 -5.2%Silver Plan 1,434 12.1% 1,343 11.5% -91 -6.3%Bronze Plan 2,214 18.7% 2,166 18.6% -48 -2.2%25 Meal Block Plan 806 6.8% 1,001 8.6% 195 24.2%50 Meal Block Plan 808 6.8% 894 7.7% 86 10.6%75 Meal Block Plan 452 3.8% 475 4.1% 23 5.1%100 Meal Block Plan 831 7.0% 753 6.5% -78 -9.4%Total All Plans 11,819 - 11,629 - -190 -1.6%


FINANCIAL DATA

Data is as of June 30 of the fiscal year. Data is unaudited.

Operations FY 2015 FY 2016

Revenues $ 102,922,106 $ 108,451,006

Expenditures for operations $ 73,751,820 $ 76,414,740

Net operating revenue $ 29,170,286 $ 32,036,266

% of revenues 28.34% 29.54%

Debt service (due July 1) $ 12,549,502 $ 16,451,169

% of revenues 12.19% 15.17%

Net operating ratio (%)232.44% 194.74%

(Net operating revenue to debt services)

Net revenue after debt service $ 16,620,784 $ 15,585,097

% of revenues 16.15% 14.37%

Mandatory transfer to reserves $ 500,000 $ 500,000

% of revenues 0.49% 0.46%

Net after debt service and mandatory transfers $ 16,120,784 $ 15,085,097

Administrative Services Fee payment from surplus $ 2,302,504 $ 2,325,419

% of expenditures 3.12% 3.04%

Cash and Investment Balances

Voluntary funds FY 2015 FY 2016

Revenue fund -$ 5,357 -$ 22,863

Operations and maintenance fund $ 52,747 -$ 23,383

Improvement fund $ 21,635,331 $ 21,165,045

Surplus fund $ 18,879,770 $ 23,097,476

Subtotal—voluntary fund balances $ 40,562,491 $ 44,216,276

% of gross revenue 39.41% 40.77%

Mandatory funds FY 2015 FY 2016

Sinking fund $ 47,297 $ 0

Bond reserve fund $ 14,797,453 1 $ 16,838,940

Construction fund $ 26,493,851 $ 28,553,855

Subtotal—mandatory fund balances $ 39,293,926 $ 41,293,995

Total cash and investment balances $ 81,901,091 $ 89,609.071

1 - Bond Reserve Fund balance was understated for FY15 on the FY15 Comprehensive Report, and it has been corrected on this report.


BOND PRINCIPAL and INTEREST DUE

Data is as of June 30 of the fiscal year with payments due July 1, 2015.

Series Interest Principal Principal DueFuture Years

Ref 2006 $ 485,994 $ 740,000 $ 10,815,000Ref 2006A $ 266,131 $ 410,000 $ 5,765,0002007 $ 428,675 $ 525,000 $ 9,525,000Ref 2008 $ 165,650 $ 1,015,000 $ 3,255,000Ref 2009 $ 285,773 $ 630,000 $ 6,920,000Ref 2010 $ 322,753 $ 745,000 $ 8,880,000Ref 2011 $ 494,900 $ 900,000 $ 13,235,000Ref 2011A $ 347,875 $ 645,000 $ 9,490,000Ref 2013 $ 314,498 $ 930,000 $ 13,990,0002013A $ 583,293 $ 1,090,000 $ 21,890,000Ref 2013B $ 190,200 $ 430,000 $ 4,115,0002013C $ 251,390 $ 355,000 $ 7,705,0002015 1 $ 993,227 $ 970,000 $ 29,030,0002015A 1 $ 655,092 $ 1,345,000 $ 28,655,000Total $ 5,785,449 $ 10,730,000 $ 173,270,000

FACILITIES SUMMARY

FY 2015 FY 2016 ChangeTotal Gross Square Feet 3,467,818 3,467,818 -Total Insured Value $ 490,624,705 $ 490,624,705 -

Building and Capital Improvement Expenditures FY 2015 FY 2016 ChangeTotal Building Improvements 2 $ 4,245,246 $ 3,978,247 $ -267,000Capital ImprovementsImprovement Funds (205-09-05, 205-09-45) 3 $ 7,038,594 $ 5,845,123 $ -970,092Revenue Bonds (205-02-00) 4 $ 175,787 $ 25,336,019 $ 25,161,359Total Capital Improvements $ 7,213,254 $ 31,181,142 $ 23,967,888

Total Building and Capital Improvement Expenditures $ 11,458,500 $ 35,159,388 $ -20,286,517

Expenditures per Gross Square Foot FY 2015 FY 2016 ChangeBuilding Expenditures per Gross Square Foot $ 1.22 $ 1.15 $ 0.08Capital Expenditures per Gross Square Foot $ 2.08 $ 8.99 $ 6.91Total Expenditures per Gross Square Foot 5 $ 3.30 $ 10.14 $ 6.83

1. Series 2015A is the first issue of bonds for the Buchanan II Residence Hall Project and the Friley Windows residential dining facility. First issue was 2015.2. Notable expenses for building improvements during FY16 include the following: Larch Hall Furniture ($1.1M), Frederiksen Court Life Cycle ($527K), Freeman Flooring,

Lighting & Paint ($202K), and Off-Campus Furniture ($1.1M). Building improvement projects funded for FY16 that will be carried over to FY17 include: BLF Hall Director Apartment ($150K), Barton Hall Roof Replacement ($150K), Frederiksen Court Fire Alarm Upgrades ($175K), Freeman Hall Roof Replacement ($150K), Friley Corridor Ceilings & Lighting ($250K), Lyon Flooring, Paint, Lighting ($228K), and Wallace Wilson Boiler Room Improvements ($224K).

3. Capital Improvement project carryover to FY17 is approximately $7.3M. Notable carryover projects and balances include: Buchanan 2 Site Improvements ($685K), SV Windows & Siding Phases 1-2 ($595K), BWR Life Cycle ($910K), Frederiksen Court 60s Life Cycle ($438K), Friley Sprinkler Installation Phase 4 ($1.1M), Maple Hall North/South Elevator Improvements ($515K), UV Fences & Patios ($712K), UV Roofs & Windows ($598K), Wallace Hall Elevator Improvements ($600K), and Wilson Hall Elevator Improvements ($360K).

4. Buchanan 2 Residence Hall, which opens for occupancy spring 2017 and Friley Windows, which opens for service fall 2017.5. FY16 Capital Expenditures per GSF include Buchanan 2 construction expenses. Capital expenditures per GSF not including Buchanan 2 construction expenses are $3.25 for

FY15 and $2.83 for FY16.


APPENDIX A – EXPLANATION OF CHANGES TO DESIGN CAPACITY

FALL 2016 CHANGES TO DESIGN CAPACITYResidence Halls Room(s) # of Spaces

ELM2094 -1 Convert double to single2096 1 Convert single to double

BIRCH 4296 1 Convert single to doubleTotal Residence Halls 1 .Apartments Apt.(s) # of Spaces ReasonNONE 0 Total Apartments 0 .

Total Permanent Spaces 1 .Interim Spaces Room(s) # of Spaces ReasonBARTON 458 -2 Permanently returned to use as house densBIRCH 1281, 2295, 3295, 4295 -16 Permanently returned to use as house densELM 1067, 1115, 1117, 1123, 1125, 1127, 2081, 3081, 4131 -27 Permanently returned to use as house densFREEMAN 101, 105, 109, 113, 154, 417 -13 Permanently returned to use as house dens

FRILEY1301, A166, A8, B104, B125, B148, B54A, B8, B84, C104, C133, C172, C50, C8, C84, D104, D133, D172, D51, D8, D84, E141, E36, E68

-96 Permanently returned to use as house dens

HELSER A277, A358, A371, B277, B293, B358, B371, C277, C293, C358, C371, D277, D293, D358, D371 -60 Permanently returned to use as house dens

LARCH 1331, 2331, 3331, 4331, 5331, 6331, 7331, 8331 -32 Permanently returned to use as house densLINDEN 84, 108, 184, 235, 257, 337, 355 -21 Permanently returned to use as house densLYON 126, 308 -6 Permanently returned to use as house densMAPLE 109, 209, 309, 409, 509, 609, 708, 809 -16 Permanently returned to use as house densMEMORIAL UNION 4th, 5th, and 6th floors 70 Hotel converted to student housingOAK 1039, 2039, 3039, 4009 -16 Permanently returned to use as house densROBERTS 2215, 3219, 4211 -12 Permanently returned to use as house densWALLACE 1301, 2301, 3301, 4301, 5301, 6301, 7301, 8301, 9301, 10301 -40 Permanently returned to use as house densWELCH 1240, 2245, 3245, 4245 -16 Permanently returned to use as house densWILLOW 1231, 2231, 3231, 4231, 5231, 6231, 7231, 8231 -32 Permanently returned to use as house densWILSON 1401, 2401, 3401, 4401, 5401, 6401, 7401, 8401, 9401, 10401 -40 Permanently returned to use as house densTotal Interim Spaces -375 .Leased Spaces Room(s) # of Spaces ReasonLYNN Building 140 -35 Lease not renewed for FY17TRIPP Building 3732 -48 Lease not renewed for FY17Total Leased Spaces -83 .Guest Housing Room(s) # of Spaces ReasonNONE 0 Total Student Apts. 0 .Total DOR System -457


APPENDIX B – EXPLANATION OF OFF-LINE SPACE

FALL 2016 EXPLANATION OF OFF-LINE SPACEResidence Halls Room(s) # of Spaces BUCHANAN 1015, 2019, 2117, 2119, 4021 7 Medical

EATON1145 2 Tour1158 1 Medical

FRILEY

2216 2 Tour3513 1 Student Issues2336, 3419 2 Medical4517, 4577 2 Facilities Issues

HELSER 1506, 1508 4 Facilities Issues

MARTIN2127 1 Staff2214 3 Student Issues2239, 2246 5 Medical

OAK 1002 1 MedicalWILLOW 1269 2 MedicalWILSON 10423 2 Facilities IssuesTotal Residence Halls 35 .Apartments Apt.(s) # of Spaces Reason

FREDERIKSEN

2316, 3312 4 Medical2416, 4322, 7138 3 Student Issues

3311 and 4111 8 Staff3312, 3418, 4112, 4212, 4318, 6118, 6218, 7111, 7212, and 7318 20 Private Bedroom3532, 8310, 8315 7 Athlete

SCHILLETTER11D, 15A 2 Problem55B 1 Medical

UNIVERSITY128B, 130D, 133D, 151D, 168C 10 Facilities Issues110J, 133F 2 Problem 172B 2 Staff

Total Apartments 59 .Total Permanent Spaces 94 .Leased Spaces Room(s) # of Spaces Reason

LEGACY706 1 Facilities Issues503 1 Staff

MARICOPA101, 102, 202 10 Staff304, 307 2 Facilities Issues

MU 4571, 4573, 4579, 5571, 5573, 6571 6 Facilities IssuesPOINTE 7 2 Staff

WALTON106 2 Staff206 2 Facilities Issues

Total Leased Spaces 26 .Guest Housing Room(s) # of Spaces ReasonSCHILLETTER 3B 1 TourTotal Student Apts. 1 .Total DOR System 121


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