fy 1997 annual reporthousing.iastate.edu/.../reports/fy2009annualreport.docx · web viewthe...

Iowa State University

DEPARTMENT OF RESIDENCEANDISU DINING ANNUAL REPORT FY2009

Prepared September 2009

Submitted by:

Dr. Peter D. EnglinDirector of Residence

and

Nancy LevandowskiDirector, ISU Dining

Iowa State University

DEPARTMENT OF RESIDENCEANDISU DININGANNUAL REPORT FY2009

Table of Contents Page 1

Executive Summary Pages 2-4

Enrollment and Occupancy Page 5

Explanation For Variance In Design, Offered And Program Capacities Page 6

Capacity and Occupancy Page 7

Room and Board Rates Page 8

System Distribution of Rooms and Rates Page 9

Room Style Demand Page 10

Meal Plan Buy-In Page 11

Peer Group Comparison Page 12

Financial Data Page 13

Bond Principal and Interest Due Page 14

Facilities Summary Page 14

Appendix A – Explanation of Off-Line Spaces Page 15

Iowa State University Department of Residence and ISU Dining Annual Report FY2009 Page 1

EXECUTIVE SUMMARY

Department of Residence (DOR) FacilitiesStrategic and continuous improvement in facilities and furnishings has been a theme these past few years. As occupancy has increased, the revenue generated has enhanced the ability to reinvest, including the installation of 802.11n ubiquitous wireless, heat & smoke detection systems, fire suppression, and general painting, floor covering, and furniture upgrades. Even with this improvement in financial position, the DOR has over $45M identified in unfunded improvements it could effect. Given a forecasted decrease in traditional age freshmen over the next few years maintaining, healthy occupancy levels and concurrent net revenue for reinvestment will be the challenge.

On the programmatic side retention to Iowa State University and on-campus housing remain the priority. MapWorks, a freshmen focused, Web-based, self-assessment program was implemented the third week of fall semester. This is the optimal time for this survey as it is the point at which students are realizing the differences between the realities of being a new freshman and their expectations of what their first year at college would be like. The MapWorks results provide students and staff with a comprehensive snapshot of how each individual student is experiencing Iowa State shortly after starting classes. Currently, the Dean of Students Office, College of Engineering, College of Liberal Arts & Sciences, and DOR are partnering to make best use of the information collected.

During spring 2009 and summer 2009 as the numbers of sophomores, juniors and seniors requesting housing continued to grow, it became clear that there would not be enough space available in upper division housing to accommodate this group. As such, the DOR made the previously discussed operational decisions which impacted capacity.

The net result was a upper-division, single student capacity increase of 20.6% (191 bed spaces) in Buchanan Hall, Wallace-Wilson, Frederiksen Court and Schilletter and University Village (SUV). The following changes were made:

118 space increase (39.5%) in Wallace and Wilson halls due to floors 1- 4 being brought online. 8 space increases (2.0%) in Buchanan Hall due to a decrease in the number of off-line spaces. 4 space increase (0.2%) in Frederiksen Court due to a decrease in the number of off-line spaces. 61 single student bed space increase (8.1%) in SUV due to the continued conversion of family units to single student

and a decrease in the number of apartments off-line.

In Richardson Court and Union Drive, while care was taken to reduce the number of off-line bed spaces (super singles limited, medical spaces released, etc.), capacity ultimately decreased by five bed spaces (-0.1%). This is primarily due to the dedication of two rooms (four spaces) to the Office of Admissions as full time tour locations and the permanent loss of four bed spaces to the previously mentioned wireless project.

Family housing capacity also saw a slight decrease. While eight Schilleter units were brought back on-line following the completion of a remodeling project, 19 University units were converted to single student housing. The complete result is an 11 unit decrease (-5.4%).

In aggregate, on-campus student housing capacity rose 1.9%, the equivalent of 175 bed spaces / units.

ISU Dining FacilitiesSystem changes that affected capacity from fall 2008 to fall 2009 included:

Eastside Market opened in January 2009 replacing the MWL C-store. Linden Dining Center remained open in preparation for the closure of Oak Elm. Oak Elm Dining Center is scheduled to close in July 2009 after the summer conference season. Seasons Marketplace (formerly MWL) was finished with its remodel in July 2009 and opened for the fall semester.

Enrollment and OccupancyFrom fall 2008 to fall 2009, total University enrollment increased by 1089 students (4.1%). The breakdown is as follows:

212 student increase (7.2%) in lower division enrollment, (-111 freshmen, +323 sophomores) 702 student increase (6.1%) in upper division enrollment 175 student increase (3.3%) in graduate and professional student enrollment

On-campus occupancy also saw an overall increase of 205 students (2.3%), for a total of 9,106. The breakdown is as follows: 11 student increase (0.2%) in lower division residence halls, (-17 Richardson Court, +28 Union Drive) 117 student increase (17.8%) in upper division residence halls 77 student increase (2.7%) in student apartments ( -12 family, +89 single student)

Guest housing requests continue to rise, especially during the spring and summer, when demand exceeds supply. Beginning fall 2007 and continuing to fall 2010, the number of guests units available will fluctuate as guest housing is relocated from University Village to Schilletter Village and the total number of units eventually settles at 70 furnished with a small number of unfurnished units being made available as student occupancy permits. Current guest occupancy sits at 62.5% a 1.1% increase.

Room Styles & Rates


Choice continues to be very important to today’s students and their families. The department offers a number of different room styles and options.

Room rates are determined based upon the type of room offered, location and physical condition of facility. The table on page nine outlines the number of available rooms by style and rate.

Room DemandThe table on page ten shows the breakdown of fall 2009 student requests for specific room types and locations. The demand figures are based only on the student’s first preference for product type and area. In general, the top three residence hall preferences are:

UD standard room, air, coed hall, single gender house (1025) UD standard room, air, coed hall, coed house (886) UD standard suite, air, coed hall, coed floor (554) RC standard room, air, coed hall, single gender house (450) RC Maple standard room, air, coed hall, single gender house (372)

The bottom three residence hall preferences are: RC standard room, non-air, coed hall, coed house (23) RC standard room, air, coed hall, single gender floor (126) RC Linden standard room, non-air, coed hall, coed floor (153) UD standard room, non-air, coed hall, single gender house (154) RC Maple triple, air, coed hall, single gender house (154)

Union Drive remains the most popular campus area, followed by Student Apartments, Richardson Court and Buchanan and Wallace Halls, in that order.

Demand for Eaton, Friley, Maple and Martin halls continues to exceed availability. Requests for single-gender housing, both halls and houses, continues to decrease. Requests for single rooms and air-conditioned space also remain high.

In Frederiksen Court, requests for 2 bedroom shared apartments continue to decline while the requests for 2 bedroom private apartments continue to rise.

ISU DiningThe opening of the newly renovated East Side Market C-store (January 2009) and Seasons Marketplace (July 2009) has equalized the level of service on the east and west sides of campus. As a result, there has been a daily shift of 1,000 customers to the east side. The focus on fresh food and customer service, and the addition of Sunday dinner service at Seasons Marketplace, has been well-received by both students and their families.

The third part of the East Side Dining Project, the renovation of Oak-Elm Dining Center, is currently underway and is schedule for completion by July 1, 2010. The focus of the Oak-Elm project is updating kitchen equipment and serving area and making the entrance ADA compliant.

Beginning September 1, 2009, the East Side Market will be adding delivery of Godfather’s Pizza to the residents of Maple, Willow and Larch halls. Residents are excited about the concept of placing their order on line and having a quality pizza delivered to their rooms.

Panda Express, located in the Memorial Union Food Court has added a second location on-campus. Following negotiations, Sushi by Panda opened August 24, 2009 in the Memorial Union in the location formerly occupied by the MU Café. In addition, both Panda locations have begun accepting Dining Dollar$ as a method of payment. Now all ISU Dining venues and franchise operations accept Dining Dollar$, with a combined service coverage of 6:30 a.m. until midnight.

The remodel of The Hub Grill & Cafe and Caribou Coffee facility has brought expanded and much needed food service improvements to central campus. Daily sales in this zone went from the $1,200-$2,000 a day brought in by the original Hub to a combined total of $10,000-$11,000 per day brought in by the new Hub and Bookends Café. In spring 2009, the remodel concept for The Hub Grill & Cafe and Caribou Coffee won a NACUFS (National Association of College & University Food Services) award for innovation.

The Residential dining program continues to focus on student wellness and proper nutrition. There has been a continued shift away from pre-packaged products to the development of recipes with fresh ingredients. In addition to producing a higher quality meal, this also expands the food options available to students with food intolerances and allergies. Students can also use the NetNutrition on-line menuing system to learn where the food they seek is being served and the nutritional data of their meals. Correct portioning and healthy eating is taught throughout the semester by a licensed dietitian.

ISU Dining’s programmatic focus is “It’s About the Food.” The eight chefs have worked to bring this to life by adding opportunities for students to experience international foods, including Sushi Saturdays, in both Dining Halls. ISU Dining has also worked to integrate more diversity into the food program by working with the Multicultural Liaison Officers to feature ethnic foods


as part of Latin Heritage Month and Black History Month celebrations and activities. This year Asian Pacific Heritage Month celebrations will be added. Continued involvement with student groups for the International Food Fair each April has provided a set of authentic recipes which have expanded not only the student experience, but also the knowledge of the cooking staff.

Students are also encouraged, regardless of their background, to share their favorite recipes from home through the “Recipes from Home” Program.

A competition was held in which on-campus residents, through the Inter-Resident Hall Association, worked with ISU Dining chefs to also allow students to share their culinary talents. Called CyRon Chef, a take-off on the popular television show Iron Chef, the program asked students to use a mystery ingredient to spontaneously create a meal. This year the mystery ingredient was citrus.

Sustainability continues to be an important global issue and ISU Dining is working with a student group to measure the impact of waste in ISU Dining facilities and to educate students on their part in the creation of food waste. In response to student feedback, Seasons Marketplace opened as a trayless facility with the intent of limiting food waste and energy consumption. The Union Drive Marketplace and Linden Dining Center continue to provide trays, also based on student feedback. In comparing Union Drive Marketplace and Seasons Marketplace, during the first week of classes, there was a significant difference in the amount of food waste going to the ISU Dining composting facility. The waste generated at Seasons Marketplace was 50% less (per capita) than the waste generated at the Union Drive Marketplace. Seasons Marketplace also has a pulper to aid in the process of reducing the volume of waste. It is hoped that this will also reduce the amount of food in outgoing water supplies.

The Farm to ISU program continues to grow. ISU Dining purchased 6.4% of our total food purchases in fresh products (including produce, dairy, honey, and meat) from local farmers through this program in 2009. As an example, through the competitive bidding process in December 2008 one farmer won the bid to supply 50% of all needed bell peppers, cabbage and cucumbers.

Upcoming projects in retail include renovating our Business Café in the Gerdin College of Business to add additional services. Plans are also in the schematics stage for a smoothie concept in the new Recreation Services building. In addition, ISU Dining is setting up a beta test of on-line ordering and delivery of food for offices in the College of Design.

In response to the declining economy and resulting budget cuts, ISU Dining’s Catering department has had to downsize as less campus offices and organizations are able to afford catered events. As two catering managers moved to fill vacant residential positions, their catering vacancies were not filled. One bright spot in the catering budget was the summer conference business generated by Odyssey of the Mind.

Meal Plan Buy-InFall 2009 has seen a 6.9% increase in meal plans purchased. While a small portion of this (.02%) is attributed to the increases in occupancy, the majority of the increase is the result of a 24.6% increase in voluntary meal plan purchases.

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, Iowa State University on-campus housing remains competitively priced when compared to the land-grant peer group. See tables on page twelve.

Financial DataNet revenue from operations during fiscal 2008-2009 was $22,163,332, an increase of $2,078,688 over fiscal year 2007-2008.

Capital Expenditures/Replacement ValuesIowa State University has made a strategic decision to target the majority of its capital dollars into specific facilities based upon current knowledge of future facility utilization. In-year priorities affect 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/fte-f08.xls.

Enrollment comparison

Level 2008 2009 Change (+ or -)# %

Freshmen 5,623 5,512 -111 -2.0%Sophomores 4,516 4,839 323 7.2% Total lower division 10,139 10,351 212 2.1% Total upper division * 11,468 12,170 702 6.1%Total undergraduate 21,607 22,521 914 4.2%Total graduate 5,249 5,424 175 3.3%Total enrollment 26,856 27,945 1089 4.1%

* Note – Undergraduate specials (non-degree) included in upper division count.

Occupancy and Enrollment Comparison – Residence Halls

Level 2008 2009 Change (+ or -)# %

Freshmen 4,213 4,034 -179 -4.2%Sophomores 1,079 1,228 149 13.8% Total lower division 5,292 5,262 -30 -0.6% Total upper division 744 899 155 20.8%Total undergraduate 6,036 6,161 125 2.1%Total graduate 39 42 3 7.7%Total occupancy 6,075 6,203 128 2.1%

Occupancy and Enrollment Comparison – Student Apartments

Level 2008 2009 Change (+ or -)# %

Freshmen 320 320 0 0.0%Sophomores 770 822 52 6.8% Total lower division 1,090 1,142 52 4.8% Total upper division 1,401 1,443 42 3.0%Total undergraduate 2491 2,585 94 3.8%Total graduate 335 318 -17 -5.1%Total occupancy 2,826 2,903 77 2.7%

Occupancy and Enrollment Comparison – Combined - Residence Halls and Student Apartments

Level 2008 2009 Change (+ or -)# %

Freshmen 4,533 4,354 -179 -3.9%Sophomores 1,849 2,050 201 10.9% Total lower division 6,382 6,404 22 0.3% Total upper division 2,145 2,342 197 9.2%Total undergraduate 8,527 8,746 219 2.6%Total graduate 374 360 -14 -3.7%Total occupancy 8,901 9,106 205 2.3%

Percentage of Enrollment Housed – Residence Halls and Student ApartmentsLevel 2008 2008 Change (+ or -)Freshmen 80.6% 79.0% -1.6%Sophomores 40.9% 42.4% 1.4% Total lower division 62.9% 61.9% -1.1% Total upper division 18.7% 19.2% 0.5%Total undergraduate 39.5% 38.8% -0.6%Total graduate 7.1% 6.6% -0.5%Total 33.1% 32.6% -0.6%


http://www.iastate.edu/~registrar/stats/fte-f08.xls

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 2009

Residence Halls Design Offered Variance from Design 1 Program Variance Explanation of Variance

Barton 99 96 3 95 1 1 super single (1 CA)

Birch-Welch-Roberts 487 487 0 476 11 11 super singles (11 CA)

Freeman 115 115 0 115 0

Larch 544 542 2 533 9 9 super singles (8 CA)

Linden 321 322 -1 315 7 7 super singles (7 CA)

Lyon 116 116 0 116 0

Maple 496 494 2 486 8 8 super singles (8 CA)

Oak-Elm 436 435 1 430 5 5 super singles (4 CA)

Willow 544 540 4 531 9 9 super singles (8 CA)

Total Richardson Court 3,158 3,147 12 3,097 50

Eaton 328 325 3 322 3 3 super singles (3 CA)

Friley 1,220 1212 8 1,190 22 22 super singles (19 CA)

Helser 713 713 0 699 14 14 super singles (13 CA)

Martin 331 329 2 329 0

Total Union Drive 2,592 2,579 13 2,540 39

Buchanan 409 407 2 403 4 4 super singles

Wallace 2 300 297 3 297 0

Wilson 2 300 120 180 120 0

Total Towers 1,009 824 185 820 4

Total Residence Halls 6,759 6,550 210 6,457 93 93 super singles (82 CA)

Student Apartments Design Offered Variance from Design 1 Program Variance Explanation of Variance

Frederiksen Court 1,992 1,946 46 1,946 0

Schilletter Village - Single 3 4 0 0 0 42 -42 50 SV spaces (25 units) rented as non-family, 8 super singles

University Village - Single 3 4 986 978 8 768 210 88 UV spaces (44 units) rented as family, 122 super singles

Total Single Student 2,978 2,924 54 2,756 168

Schilletter Village - Family 3 4 180 173 7 148 25 25 SV units (50 spaces) rented as non-family

University Village - Family 4 0 0 0 44 -44 44 UV units (88 spaces) rented as family

Total Family 180 173 7 192 -19

Total Student Apartments 3,158 3,097 61 2,948 149

Design Offered Variance from Design 1 Program Variance Explanation Variance

Total Student Bed Spaces 9,917 9,647 270 9,405 242

Total Guest Apartments 4 80 80 0 80 0

Total DOR System 9,997 9,727 270 9,485 242

1. See Appendix A for an explanation of Variance from Design2. All Wallace and Wilson rooms offered as Super Singles3. Guest Housing is being relocated from UV to SV. During this process, estimated to take 1 more year, the number of available spaces in Single Student,

Family and Guest apartments will fluctuate.4. All SUV Family and Guest are designed with 2 bed spaces, but are offered as single units (1 bed space).


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. Changes to capacity as compared to the previous year are footnoted.

Residence HallsFall 2008 Fall 2009 Variance

Cap. Occ. % Cap. Occ. % Cap. # Cap. % Occ. # Occ. % %

Barton 95 92 96.8% 95 94 98.9% 0 0.0% 2 2.2% 2.1%

Birch-Welch-Roberts 476 436 91.6% 476 437 91.8% 0 0.0% 1 0.2% 0.2%

Freeman 115 110 95.7% 115 111 96.5% 0 0.0% 1 0.9% 0.9%

Larch 535 518 96.8% 533 513 96.2% -2 -0.4% -5 -1.0% -0.6%

Linden 315 304 96.5% 315 302 95.9% 0 0.0% -2 -0.7% -0.6%

Lyon 116 115 99.1% 116 115 99.1% 0 0.0% 0 0.0% 0.0%

Maple 487 473 97.1% 486 463 95.3% -1 -0.2% -10 -2.1% -1.9%

Oak-Elm 430 417 97.0% 430 408 94.9% 0 0.0% -9 -2.2% -2.1%

Willow 531 513 96.6% 531 518 97.6% 0 0.0% 5 1.0% 0.9%

Total Richardson Court 3,100 2,978 96.1% 3,097 2961 95.6% -3 -0.1% -17 -0.6% -0.5%

Eaton 324 321 99.1% 322 319 99.1% -2 -0.6% -2 -0.6% 0.0%

Friley 1,191 1146 96.2% 1,190 1174 98.7% -1 -0.1% 28 2.4% 2.4%

Helser 699 652 93.3% 699 654 93.6% 0 0.0% 2 0.3% 0.3%

Martin 328 321 97.9% 329 321 97.6% 1 0.3% 0 0.0% -0.3%

Total Union Drive 2,542 2,440 96.0% 2,540 2468 97.2% -2 -0.1% 28 1.1% 1.2%

Total Lower Division 5,642 5,418 96.0% 5,637 5429 96.3% -5 -0.1% 11 0.2% 0.3%

Buchanan 395 381 96.5% 403 388 96.3% 8 2.0% 7 1.8% -0.2%

Wallace 299 276 92.3% 297 276 92.9% -2 -0.7% 0 0.0% 0.6%

Wilson - - 0.0% 120 110 91.7% 120 - 110 - 91.7%

Total Upper Division 694 657 94.7% 820 774 94.4% 126 18.2% 117 17.8% -0.3%

Total Residence Halls 6,336 6,075 95.9% 6,457 6203 96.1% 121 1.9% 128 2.1% 0.2%

ApartmentsFall 2008 Fall 2009 Variance

Cap. Occ. % Cap. Occ. % Cap. # Cap. % Occ. # Occ. % %

Frederiksen Court 1,942 1899 97.8% 1,946 1923 98.8% 4 0.2% 24 1.3% 1.0%

Schilletter Village 54 42 77.8% 42 38 90.5% -12 -22.2% -4 -9.5% 12.7%

University Village 695 681 98.0% 768 750 97.7% 73 10.5% 69 10.1% -0.3%

Total Single Student 2,691 2,622 97.4% 2,756 2,711 98.4% 65 2.4% 89 3.4% 0.9%

Schilletter Village 140 141 100.7% 148 148 100.0% 8 5.7% 7 5.0% -0.7%

University Village 63 63 100.0% 44 44 100.0% -19 -30.2% -19 -30.2% 0.0%

Total Family 203 204 100.5% 192 192 100.0% -11 -5.4% -12 -5.9% -0.5%

Total Apartments 2,894 2,826 97.7% 2,948 2,903 98.5% 54 1.9% 77 2.7% 0.8%

Total Student Bed Spaces 9,230 8,901 96.4% 9,405 9,106 96.8% 175 1.9% 205 2.3% 0.4%

Total Guest Apartments 57 35 61.4% 80 50 62.5% 23 40.4% 15 42.9% 1.1%

Total DOR System 9,287 8,936 96.2% 9,485 9,156 96.5% 198 2.1% 220 2.5% 0.3%


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.

Double Room and Full Board Rate Comparison2008-2009 2009-2010

Double - Union Drive - A/C Double - Union Drive - A/C $3,703 $3,796Full Board – Weekly Cyclone 17 Plus $350 Dining Dollar$ $3,297 $3,527Total Cost for Double Room and Full Board $7,000 $7,323

10 Year ComparisonCombined Rate for Double Room and Full Board

Year Rate2000-2001 $4,4322001-2002 $4,6662002-2003 $5,0202003-2004 $5,7402004-2005 $5,9582005-2006 $6,1332006-2007 $6,3782007-2008 $6,7152008-2009 $7,0002009-2010 $7,323


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 six).

Rooms and Rates, System DistributionResidence Halls 2008-2009 2009-2010Area Traditional Style Rooms Beds % System Rate Beds % System RateRC Single - Linden - Plus Break 5 0.05% $4,922 5 0.05% $5,045RC Single without A/C 131 1.37% $4,655 131 1.35% $4,771RC Double - Linden - Plus Break 290 3.03% $3,854 290 2.99% $3,950RC Double - Maple 448 4.68% $4,140 446 4.59% $4,244RC Double with A/C 1,084 11.32% $3,632 1,082 11.15% $3,723RC Double without A/C 1,080 11.28% $3,587 1,082 11.15% $3,677RC Triple - Linden - Plus Break 27 0.28% $3,709 27 0.28% $3,802RC Triple without A/C 39 0.41% $3,452 36 0.37% $3,538Total Richardson Court 3,104 32.41% 3,099 31.92%TW Super Single - Wallace 299 3.22% $4,874 297 3.06% $4,500TW Super Single - Wilson 0 0.00% $0 120 1.24% $4,500Total Towers 299 3.12% 417 1.24%UD Double with A/C 902 9.42% $3,703 899 9.26% $3,796UD Double without A/C 852 8.90% $3,659 852 8.78% $3,750UD Single with A/C 63 0.66% $4,836 62 0.64% $4,957UD Single without A/C 34 0.36% $4,745 34 0.35% $4,864UD Triple with A/C 66 0.69% $3,550 66 0.68% $3,639UD Triple without A/C 12 0.13% $3,521 12 0.12% $3,609Total Union Drive 1,929 20.14% 1,925 19.83%Total Traditional Style 5,332 55.68% 5,441 56.05%Area Room Type Beds % System Rate Beds % System RateRC Triple – Maple 48 0.50% $4,332 48 0.49% $4,440Total Richardson Court 48 0.50% 48 0.49%TW Single – Buchanan 133 1.39% $5,385 133 1.37% $5,520TW Single – Buchanan 21 or older 24 0.25% $5,385 24 0.25% $5,520TW Double – Buchanan 202 2.11% $4,685 202 2.08% $4,802TW Double – Buchanan 21 or older 48 0.50% $4,685 48 0.49% $4,802Total Towers 407 4.25% 407 4.19%UD Single – Eaton & Martin 17 0.18% $6,623 17 0.18% $6,138UD Double – Eaton & Martin 538 5.62% $5,143 535 5.51% $5,272UD Corner Suite - Martin 28 0.29% $5,988 28 0.29% $6,789UD Lofted Suite - Martin 74 0.77% $6,834 74 0.76% $7,005Total Union Drive 657 6.86% 654 6.74%Total Suite Style 1,112 11.61% 1,109 11.42%Area Apartment Type Beds % System Rate Beds % System RateFC 2 Bedroom Shared 608 6.35% $3,785 607 6.25% $3,776FC 2 Bedroom Private 50 0.52% $5,804 26 0.27% $5,891FC 4 Bedroom Private 1,310 13.68% $4,749 1,313 13.52% $4,820Total Frederiksen Court 1 1,968 20.55% 1,946 20.05%SV 2 3 2 Bedroom Deluxe-1 Level 5 0.45% $563 - 0.00% -SV 2 3 2 Bedroom Large-1 Level 131 11.83% $551 - 0.00% -SV 2 2 Bedroom Standard-1 Level 31 2.80% $540 198 17.49% $559UV 2 3 2 Bedroom Deluxe-Townhouse 8 0.72% $573 - 0.00% -UV 2 1 Bedroom, 1 Level 8 0.72% $475 8 0.71% $482UV 2 3 2 Bedroom Large-Townhouse 386 34.87% $543 - 0.00% -UV 2 2 Bedroom Standard Townhouse 490 44.26% $531 878 77.56% $551UV 2 2 Bedroom, 1 Level 48 4.34% $510 48 4.24% $518Total Schilletter & University Village 1,107 11.56% 1,132 11.66%Total Student Apartments 3,075 32.11% 3,078 31.71%

Beds % System Beds % SystemTotal Residence Hall Rooms 6,444 67.29% 6,550 67.47%Total Student Apartments 3,075 32.11% 3,078 31.71%Total Student Bed Spaces 9,519 99.40% 9,628 99.18%SUV Furnished Guest Apartments 57 100.00% $930 73 91.25% $992SUV Unfurnished Guest Apartments 0 0.00% $0 7 8.75% $713Total Guest Apartments 57 0.60% 80 0.82%Total DOR System 9,576 100.00% 9,708 100.00%

1. Frederiksen Court rates are per person.2. SUV rates are per apartment and are billed monthly. Rates are reflective of the monthly rate x 9 months.3. Beginning fall 2009, SUV rates are being standardized.


ROOM STYLE DEMAND

Figures include only those students who listed an option as their FIRST choice. Figures are based on ALL new student applications received and ALL returning student choices - not Count Day active contracts.

The number of bed spaces listed is indicative of what was OFFERED to students as available and on-line.

Rooms Style DemandResidence Halls Fall 2008 Fall 2009Area Room Type Capacity Demand + / - Capacity Demand + / -RC Standard Room 46 23 -23 52 23 -29RC Standard Room, Co-ed floor 243 251 8 275 228 -47RC Standard Room, Single Gender 830 327 -503 922 282 -640RC Standard Room, A/C 271 118 -153 272 126 -146RC Standard Room, A/C, Co-ed floor 813 440 -373 810 450 -360RC Standard Room - Maple 448 419 -29 446 372 -74RC Standard Room - Plus Break 317 148 -169 322 153 -169RC Triple – Maple 48 172 124 48 154 106Total Richardson Court 3016 1898 -1118 3147 1788 -1359UD Standard Room 864 98 -766 898 154 -744UD Double – Eaton & Martin 376 435 59 387 365 -22UD Standard Room, A/C 788 952 164 826 1025 199UD Corner Suite – Martin 28 60 32 28 41 13UD Lofted Suite – Martin 74 64 -10 74 21 -53UD Standard Room, A/C Co-ed floor 180 953 773 201 886 685UD Double, Co-ed Floor – Eaton & Martin 162 756 594 165 554 389Total Union Drive 2472 3318 846 2579 3046 467TW Super Single – Wallace 299 122 -177 417 94 -323TW Single – Buchanan 21 or older 24 37 13 24 39 15TW Double – Buchanan 21 or older 48 18 -30 48 26 -22TW Single – Buchanan 133 169 36 133 149 16TW Double – Buchanan 202 126 -76 202 165 -37Total Towers 706 472 -234 824 473 -351RC Any Richardson Court - 10 - - 12 -UD Either Corner or Lofted Suite - Martin - 432 - - 300 -UD Any Union Drive - 8 - - 13 -- Single Room – RC and UD 250 576 326 243 427 184- Triple Room - RC or UD 1 - - - 189 177 -12Total Other Residence Hall 250 1026 326 432 929 172Total Residence Hall Preferences 6444 6714 -180 6982 6236 -1071

Student Apartments Fall 2008 Fall 2009Area Apartment Type Capacity Demand + / - Capacity Demand + / -FC 2 Bedroom Shared 608 459 -149 607 529 -78

2 Bedroom Private 50 65 15 26 69 43FC 4 Bedroom Private 1310 1258 -52 1313 1250 -63Total Frederiksen Court 1968 1782 -186 1946 1848 -98SUV University Village 940 531 -409 934 611 -323SUV Schilletter Village 167 165 -2 198 107 -91Total Schilletter & University Village 1107 696 -411 1132 718 -414Total Student Apartments 3020 2441 -579 3078 2566 -512

Non-Area Specific Preferences Fall 2008 Fall 2009Capacity Demand + / - Capacity Demand + / -

Learning Community 2 1312 1104 -208 1271 1172 -99No Preference - 2078 - - 1170 -

1. Beginning fall 2009, students were able to indicate a preference for a triple room on their contract.2. Learning Community bed spaces are also included in previously indicated room type totals.


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 1 Fall 2008 Fall 2009 Variance# % # % # %

Premium Cyclone 2 611 10.5% 0 0.0% -611 0.0%Cyclone 21 Plus 2 0 0.0% 439 7.6% 439 0.0%Cyclone 17 Plus 1034 17.8% 922 15.9% -112 -10.8%Cyclone 14 Plus 1824 31.5% 2143 36.9% 319 17.5%Cyclone 10 Plus 1333 23.0% 1214 20.9% -119 -8.9%Cyclone 7 Plus 775 13.4% 864 14.9% 89 11.5%Semester 225 Plus 114 2.0% 97 1.7% -17 -14.9%Semester 175 Plus 91 1.6% 100 1.7% 9 9.9%Semester 200 17 0.3% 33 0.6% 16 94.1%Total Mandatory Plans 5799 100.0% 5812 100.0% 13 0.2%

Voluntary Meal Plans 3 Fall 2008 Fall 2009 Variance# % # % # %

Premium Cyclone 2 13 0.6% 0 0.0% -13 0.0%Cyclone 21 Plus 2 0 0.0% 14 0.5% 14 0.0%Cyclone 17 Plus 32 1.5% 66 2.4% 34 106.3%Cyclone 14 Plus 129 5.9% 124 4.5% -5 -3.9%Cyclone 10 Plus 110 5.0% 169 6.2% 59 53.6%Cyclone 7 Plus 209 9.5% 384 14.0% 175 83.7%Semester 225 Plus 8 0.4% 12 0.4% 4 50.0%Semester 175 Plus 24 1.1% 28 1.0% 4 16.7%Semester 200 10 0.5% 16 0.6% 6 60.0%25 Meal Block Plan 392 17.8% 484 17.6% 92 23.5%50 Meal Block Plan 460 20.9% 558 20.3% 98 21.3%75 Meal Block Plan 295 13.4% 296 10.8% 1 0.3%100 Meal Block Plan 521 23.6% 593 21.6% 72 13.8%Total Voluntary Plans 2203 100.0% 2744 100.0% 541 24.6%

All Plans Fall 2008 Fall 2009 Variance# % # % # %

Premium Cyclone 2 624 7.8% 0 0.0% -624 -27.4%Cyclone 21 Plus 2 0 0.0% 453 5.3% 453 0.0%Cyclone 17 Plus 1066 13.3% 988 11.5% -78 -7.3%Cyclone 14 Plus 1953 24.4% 2267 26.5% 314 16.1%Cyclone 10 Plus 1443 18.0% 1383 16.2% -60 -4.2%Cyclone 7 Plus 984 12.3% 1248 14.6% 264 26.8%Semester 225 Plus 122 1.5% 109 1.3% -13 -10.7%Semester 175 Plus 115 1.4% 128 1.5% 13 11.3%Semester 200 27 0.3% 49 0.6% 22 81.5%25 Meal Block Plan 392 4.9% 484 5.7% 92 23.5%50 Meal Block Plan 460 5.7% 558 6.5% 98 21.3%75 Meal Block Plan 295 3.7% 296 3.5% 1 0.3%100 Meal Block Plan 521 6.5% 593 6.9% 72 13.8%Total All Plans 8002 100.0% 8556 100.0% 554 6.9%

1. Students living in Union Drive, Richardson Court and Buchanan Hall have a mandatory requirement to purchase a meal plan.2. Beginning fall 2009, the Premium Cyclone meal plan has been discontinued. It has been replaced with the Cyclone 21 Plus plan.3. Students living in Wallace Hall, Frederiksen Court, Schilletter/University Village and off-campus students are not required to purchase a meal plan and

are considered voluntary participants.


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 obtained from

that university’s web site. Room Types and Meal Plans offered vary greatly by institution. Room and meal plans that most closely approximate the

traditional double occupancy with 20 meals/week definition 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 Board

School 2008-2009 2009-2010 Plan Name / Type Mealsper Week

$ or Pointsper Semester

Texas A & M University $5,882 $6,311 250 Plan 16 $100

North Carolina State University $6,330 $6,750 14 Per Week 14 Optional

Purdue University $6,732 - $12,545 $7,176 - $13,472 15 meal Plan 15 175

University of Wisconsin, Madison $6,910 $6,017 - $6,858 No requirement. A la Carte system. $1,000 recommended.

Iowa State University(Double – Union Drive – AC) $7,000 $7,323 Weekly Cyclone 17 17 175 Dining$

University of Minnesota, Twin Cities $7,464 $7,582 19 Meals 19 100 Flex Dine

University of Arizona $7,565 - $8,455 $8,039 - $9,239 Plus 16 10

Michigan State University $7,626 $7,994 Platinum 20 $300 Spartan Cash

Ohio State University $8,220 $10,860 Traditional 19 Optional

University of Illinois, Urbana $8,416 $8,700 14 Classic Plan 14 Optional

University of California, Davis $11,839 $11,659 Gold Plus Prime Line 180 18 150 Gold Plus

Comparable Peer University Rate Comparison – SuitesSchool 2008-2009 2009-2010University of California, Davis 1 N/A N/AUniversity of Illinois, Urbana N/A N/AUniversity of Arizona N/A N/AMichigan State University N/A N/ANorth Carolina State University N/A N/ATexas A & M University $3,400 - $4,498 $4,580 - $5,004Purdue University $3,870 $4,316University of Minnesota, Twin Cities $4,978 $4,978Iowa State University(Standard Suite – Martin and Eaton Halls) $5,143 $5,272

Ohio State University $5,310 - $6,255 $8,100University of Wisconsin, Madison $6,451 - $7,263 $6,017 - $6,578

Comparable Peer University Rate Comparison – ApartmentsSchool 2008-2009 2009-2010Purdue University N/A N/AUniversity of California, Davis 1 N/A N/AMichigan State University $2,160 - $6,615 $2,274 - $9,094Iowa State University(Frederiksen Court, 4 person, furnished) $3,785 - $4,749 $3,842 - $4,820

Texas A & M University $5,400 - $7,772 $5,080 - $8,006University of Minnesota, Twin Cities $5489 - $7,073 $5,614 - $7,073University of Arizona $5,731 - $6,736 $6,145University of Illinois, Urbana $5,643 - $6,273 $6,507Ohio State University $6,255 $8,100University of Wisconsin, Madison $6,750 $7,740North Carolina State University $9,920 $5,710 - $8,145

1. Not university owned


FINANCIAL DATA

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

Operations FY 2008 FY 2009Revenues $66,178,786 $71,884,662Expenditures for operations $46,094,142 $49,721,330Net operating revenue $20,084,644 $22,163,332% of revenues 30.35% 30.83%Debt service (due July 1) 1 $10,268,360 $10,666,307% of revenues 15.52% 14.84%Net operating ratio (%) 195.60% 207.79%(Net operating revenue to debt services)

Net revenue after debt service $9,816,284 $11,497,025% of revenues 14.83% 15.99%Mandatory transfer to reserves $500,000 $500,000% of revenues 0.76% 0.70%Net after debt service and mandatory transfers $9,316,284 $10,997,025University overhead payment from surplus $1,784,826 $1,714,054% of expenditures 3.87% 3.45%University scholarship fund $0 $0% of revenues 0.00% 0.00%

Cash and Investment BalancesVoluntary funds FY 2008 FY 2009Revenue fund ($72,764) $195,459Operations and maintenance fund $0 $0Improvement fund 2 $1,792,018 $12,432,349Surplus fund $20,251,281 $12,413,972Subtotal—voluntary fund balances $21,970,535 $25,041,780% of gross revenue 33.20% 34.84%

Mandatory funds FY 2008 FY 2009Sinking fund $84,394 $29,027Bond reserve fund $11,034,678 $9,906,573Construction fund $11,026,247 $2,585,418Subtotal—mandatory fund balances $22,145,318 $12,521,018

Total cash and investment balances $44,115,853 $37,562,798

1. Scheduled debt service for FY2009 was $10,850,869. Actual expense was reduced by adjustments to bond reserve accounts.

2. FY09 Ending improvement fund balance includes carryover of FY08/FY09 building and capital improvement projects totaling $6,388,866 and budgeted project expenditures for FY2010.

3.


BOND PRINCIPAL and INTEREST DUE

Data is as of June 30 of the fiscal year with payments due July 1, 2009.

Series Interest Principal Principal Due Future Years

1998A $533,065 $440,000 $10,815,0001999A $675,813 $505,000 $13,485,0002001A $953,983 $570,000 $18,655,0002002 $650,203 $395,000 $12,890,0002003 $836,101 $575,000 $18,935,0002003A $299,518 $370,000 $7,675,0002006 $660,394 $555,000 $15,360,0002006A $366,431 $285,000 $8,325,0002007 $562,675 $425,000 $12,975,0002008 $452,688 $740,000 $9,760,0002009 1 - - $10,925,000Total $5,990,869 $4,860,000 $128,875,000

1. Replaced 1998A Issue; payments begin in FY2010

FACILITIES SUMMARY

FY 2008 FY 2009 ChangeTotal Gross Square Feet 2,910,651 2,910,651 $0Total Insured Value $430,239,919 $430,239,919 $0

Building and Capital Improvement Expenditures FY 2008 FY 2009 ChangeTotal Building Improvements $982,216 $1,708,188 $725,972Capital ImprovementsResidence System (205-10-00) 1 $25,690 $0 $(25,690)Improvement Funds (205-09-05, 205-09-45) 2 $4,672,935 $4,461,969 $(210,966)Revenue Bonds (205-02-00) 3 $999,862 $8,440,828 $7,440,966Treasurer's Temporary Investments (500-00-65) $0 $0 $0University Funds (113-06-14) $0 $0 $0Facilities Overhead $0 $0 $0Total Capital Improvements $5,698,487 $12,902,797 $7,204,310

Total Building and Capital Improvement Expenditures $6,680,703 $14,610,985 $7,930,282

Expenditures per Gross Square Foot FY 2008 FY 2009 ChangeBuilding Expenditures per Gross Square Foot $0.34 $0.59 $.25Capital Expenditures per Gross Square Foot $1.96 $4.43 $2.48Total Expenditures per Gross Square Foot 4 $2.30 $5.02 $2.72

1. Building and capital improvement expenditures are no longer expensed directly to surplus. 2. Capital Improvement project carryover to FY10 is $6,388,866. Projects with notable carryover funds include Friley Life Cycle improvements $310,903,

Birch Welch Roberts Fire Escapes $600,000, Electronic Access Control $574,500, Friley Asbestos Abatement/Flooring $756,669, Helser Heat & Smoke Detection $537,209, Security Cameras $500,000, MWL Commons Sprinkler System $240,000, and Wallace Heat & Smoke Detection $395,429..

3. East Campus Dining Improvements4. The increase in Per Square Foot Capital Expenditures is due to the improvements made at the East Campus Dining facility.


APPENDIX A – EXPLANATION OF OFF-LINE SPACES

Residence Halls Rooms # of Spaces Reason

Barton 243 -2 Tour Space252 -1 Triple converted to double.

Larch 1369 -2 MedicalLinden +1 1 space ADDED. Double converted to triple.Maple 223 -2 Tour SpaceOak 1002 -1 Medical

Willow 1242 -2 Tour Space1269 -2 Medical

Total Richardson Court -11

Friley

2216 -2 Tour Space2259 -1 CA not yet hired.2226, 2273, 2336 -4 Project5526 -1 Space Issue

Martin 2202 -2 Medical

Eaton 1145 -2 Tour Space1158 -1 Medical

Total Union Drive -13Buchanan 2017 -2 Medical

Wallace 1328 -1 Tour Space2336, 7336 -2 Project

Wilson Floors 5-10 -180 Floors closedTotal Towers -185

Total Residence Halls -209

Student Apartments Apartments # of Spaces Reason

Frederiksen Court

1216 -1 Student Issue3138, 3312, 3418, 4112, 4318, 6118, 6218, 6238, 6318, 7132, 7212, 7318 -26 2 Bedroom Private

4121 -1 Cleaning4111 -4 Staff Space4117 -4 Office / Storage4211, 4213 -8 Tour Space6213, 6216 -2 Athlete

Total Frederiksen Court -46

University Village136E, 168B -4 Cleaning164A -2 Student Issue173A -2 Tour Space

Total University Village -8

Schilletter Village

3B -1 Tour Space7A, 7B, 7C, 7D -4 Office / Storage17A -1 Cleaning56A -1 Medical

Total Schilletter -7

Total Student Apartments -61

Guest Apartments Apartments # of Spaces Reason

SUV Guest Apartments 0

Total Guest Apartments 0

Total DOR System -270


fy 1997 annual reporthousing.iastate.edu/.../reports/fy2009annualreport.docx · web viewthe...

Documents