Union WELL Inc. Budget and Finance Committee, Union Advisory Group and WELL Advisory Group. Agenda

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1 Budget and Finance Committee, Union Advisory Group and WELL Advisory Group Agenda April 11, :30am, WELL Terrace Suite (2nd floor) 1. Call to order: 7:30 am, Woldeyohannes 2. Public Comment: Members of the audience may address the Budget & Finance Committee on any item on the agenda. Comments are limited to 3 minutes and the overall time shall not exceed 15 minutes. Speakers will be required to sign in Budget: Action Requested a. General Revenue b. General Expenses c. Personnel d. Capital e. Plant Fund (Repair and Replacement) f. Non-Recurring Maintenance and Repair & Capital Improvement (TBU01 &TBU04) g. Long Range Plan h. Reserve Levels 4. Adjournment

2 Budget Music Design and UU Programs & Informal Member Student Dev Aquatic Business Revenue Leases Events Ser Listening Visual Comm Info Desk Gallery Programs Operations Marketing Games Rm Admin Maint Cust Intramurals Fitness Rec/SP Events Services & Assessment Admin Maint Custodial Center Account IT Office Admin Corp Fac Expansion Capital Plant Fund Budget Facility use Fees 6001 $ 686,898 $ 9,800 $ 1,395 $ 66,365 $ 764,458 Recreation Rental 6002 $ 27,342 $ 27,342 Labor Materials and Recovery 6003 Contract/Lease Payments 6004 $ 839,630 $ 420 $ 583,107 $ 1,423,157 Interest income 6005 $ 200,000 $ 25,000 $ 225,000 Admissions 6006 $ 25,000 $ 25,000 Registration Fees 6008 Donations 6009 $ 2,500 $ 2,500 Miscellaneous Revenue 6010 $ 5,000 $ 3,000 $ 8,000 Return of Surplus 6011 $ 8,700,000 $ 8,700,000 Non Cash Donation 6014 Cost Reimbursement 6015 $ 40 $ 50 $ 90 Memberships 6020 $ 340,847 $ 340,847 Intramurals 6022 $ 22,492 $ 22,492 Informal Rec/Group Facilitation/Pool 6022 $ 22,250 $ 25,045 $ 47,295 Fitness 6022 $ 58,675 $ 58,675 Well Retail Revenue 6023 $ 1,516 $ 700 $ 2,216 Lab Revenue 6030 Lab Express Revenue 6032 $ 10,000 $ 10,000 Rec Fee 6021 $ 666,207 $ 666,207 Insruance Proceeds 6034 Expenditures Total Revenue $ 839,630 $ 686,898 $ 10,000 $ 30,000 $ 27,762 $ 32,332 $ 60,070 $ 92,631 $ 366,592 $ 1,249,364 $ 3,000 $ 8,900,000 $ 25,000 $ 12,323,279 $ 1,594,290 $ 1,800,989 $ 8,928,000 Event Contracts 3110 $ 500 $ 85,000 $ 3,600 $ 2,000 $ 22,000 $ 113,100 Event Rentals 3120 $ 30,000 $ 30,000 Event Supplies 3130 $ 5,000 $ 9,000 $ 62,800 $ 3,000 $ 79,800 Event Advertising 3140 $ 10,000 $ 10,000 Insurance 3340 $ 4,500 $ 770 $ 44,756 $ 50,026 Custodial Supplies 3410 $ 96,200 $ 107,000 $ 203,200 Office supplies 3420 $ 776 $ 1,500 $ 280 $ 400 $ 350 $ 2,140 $ 50 $ 2,000 $ 1,100 $ 250 $ 500 $ 9,346 Maintenance Supplies 3430 $ 3,800 $ 2,000 $ 64,000 $ 250 $ 41,000 $ 10,000 $ 121,050 Fitness Equipment Maintenance 3431 $ 119,760 $ 119,760 Duplicating, print, copying 3440 $ 5,544 $ 750 $ 1,000 $ 1,200 $ 1,700 $ 1,500 $ 900 $ 1,400 $ 290 $ 1,400 $ 1,200 $ 1,500 $ 18,384 Program Supplies 3450 $ 14,215 $ 2,500 $ 40,000 $ 2,500 $ 1,500 $ 16,500 $ 4,000 $ 13,200 $ 18,000 $ 1,575 $ 4,000 $ 21,904 $ 13,795 $ 71,844 $ 26,353 $ 18,806 $ 13,616 $ 600 $ 3,500 $ 10,000 $ 1,000 $ 32,500 $ 5,000 $ 81,810 $ 418,718 Dues, Fees & Subscriptions 3460 $ 4,124 $ 2,709 $ 612 $ 13,000 $ 4,700 $ 1,920 $ 16,771 $ 521 $ 2,510 $ 82,784 $ 3,230 $ 86,791 $ 8,230 $ 60,542 $ 288,444 Advertising 3470 $ 16,000 $ 400 $ 400 $ 2,300 $ 600 $ 500 $ 400 $ 20,600 Well Retail Cost of Goods Sold 3500 $ 750 $ 422 $ 1,172 Freight 3510 $ 50 $ 50 Telephone 3520 $ 10,348 $ 220 $ 1,500 $ 3,040 $ 240 $ 240 $ 2,200 $ 1,200 $ 2,580 $ 1,190 $ 2,080 $ 1,695 $ 2,109 $ 516 $ 1,360 $ 898 $ 600 $ 2,081 $ 1,449 $ 1,606 $ 720 $ 690 $ 38,562 Postage 3530 $ 50 $ 360 $ 150 $ 100 $ 400 $ 100 $ 1,160 Repair and Maint, Contracts 3610 $ 3,221 $ 420 $ 4,581 $ 39,619 $ 4,922 $ 6,570 $ 26,839 $ 3,096 $ 6,275 $ 2,724 $ 3,600 $ 49,000 $ 150,867 Custodial Contract 3611 $ 46,016 $ 544,630 $ 479,856 $ 1,070,502 Repair and Maint, Parts 3620 $ 9,200 $ 5,000 $ 5,000 $ 19,200 Repair and Maint, Outside services 3630 $ 8,000 $ 52,700 $ 15,000 $ 40,900 $ 6,500 $ 1,272 $ 338,760 $ 463,132 Utilities, Trash 3740 $ 2,520 $ 4,200 $ 4,816 $ 11,536 natural Gas 3750 $ 37,575 $ 36,377 $ 73,952 Sewer 3760 $ 50,018 $ 36,353 $ 689 $ 87,060 Water 3770 $ 19,203 $ 14,478 $ 33,681 Electricity 3780 $ 395,166 $ 204,145 $ 21,139 $ 620,450 Steam 3790 Services outside agencies 3800 $ 1,000 $ 1,200 $ 5,000 $ 42,600 $ 2,000 $ 20,920 $ 125,790 $ 15,000 $ 213,510 Part time wages 3811 $ 1,120 $ 1,120 Outside Services FT Wages Uei 3810 $ 411,089 $ 197,871 $ 353,990 $ 107,149 $ 165,649 $ 155,365 $ 131,228 $ 126,999 $ 186,772 $ 224,820 $ 593,008 $ 2,653,940 UEI Retirement Benefits 3813 $ 25,664 $ 25,664 VEBA 3814 $ 50,000 $ 50,000 Outside Services FT Bens Uei 3815 $ 257,784 $ 101,428 $ 227,323 $ 62,000 $ 91,394 $ 88,490 $ 79,006 $ 89,536 $ 110,923 $ 133,080 $ 324,002 $ 1,564,966 Outside Services St. Asst Wages-UEI 3830 $ 368,908 $ 37,341 $ 98,350 $ 85,272 $ 93,597 $ 29,150 $ 29,130 $ 27,776 $ 166,287 $ 337,791 $ 237,332 $ 332,641 $ 11,578 $ 23,192 $ 53,003 $ 43,446 $ 162,113 $ 2,136,907 Outeisde services St Asst Bens-UEI 3835 $ 21,397 $ 1,867 $ 4,918 $ 4,263 $ 4,770 $ 1,457 $ 1,456 $ 1,388 $ 8,314 $ 19,468 $ 11,866 $ 11,946 $ 579 $ 1,159 $ 2,286 $ 2,172 $ 17,101 $ 116,407 Outside Services FT Wages CSUS 3840 $ 32,834 $ 32,834 Outside Services FT Bens CSUS 3845 $ 18,894 $ 18,894 Outside Services Grad Wages Uei 3850 Outside Services GradBens Uei 3855 SOA (UEI HR) 3860 $ 105,918 $ 3,921 $ 40,257 $ 8,954 $ 9,837 $ 3,061 $ 3,059 $ 61,048 $ 34,375 $ 61,430 $ 49,305 $ 55,482 $ 1,216 $ 24,089 $ 35,298 $ 40,352 $ 2,566 $ 109,622 $ 649,788 SOA Fin and Admin Ser 3870 $ 28,846 $ 28,846 SOA Fee Collection 3871 $ 5,118 $ 5,118 SOA Mail Services 3872 $ 6,384 $ 6,384 SOA Public Safety (UU) 3873 $ 131,178 $ 131,178 SOA Public Safety (WELL) 3874 $ 114,614 $ 114,614 SOA HR (SAC state) 3875 $ 456 $ 456 SOA Payroll 3876 $ 374 $ 374 SOA IRT 3877 $ 72,137 $ 82,463 $ 154,600 Travel 3900 $ 1,600 $ 10,000 $ 3,634 $ 3,682 $ 4,500 $ 2,180 $ 1,544 $ 4,467 $ 4,100 $ 8,000 $ 5,990 $ 49,697 Travel Student 3905 $ 6,500 $ 4,500 $ 1,200 $ 1,000 $ 5,000 $ 7,200 $ 25,400 Conference Registrations 3910 $ 750 $ 5,000 $ 1,260 $ 2,450 $ 1,595 $ 2,008 $ 1,200 $ 2,225 $ 1,550 $ 1,900 $ 1,800 $ 21,738 Conference Registrations: Student 3915 $ 3,000 $ 500 $ 665 $ 1,800 $ 500 $ 150 $ 1,000 $ 1,800 $ 9,415 Furniture and Equip 5210 $ 2,000 $ 491,035 $ 493,035 Capital improvements 5220 $ 59,360 $ 182,960 $ 242,320 Minor Equipment Base/supply 5230 $ 8,000 $ 8,000 Art 5240 $ 5,000 $ 5,000 Computer/Data 5250 $ 138,250 $ 137,878 $ 276,128 Total Expenditures $ 1,264,115 $ 45,849 $ 492,419 $ 105,029 $ 7,290 $ 146,850 $ 191,104 $ 56,377 $ 55,117 $ 960,081 $ 671,156 $ 717,452 $ 463,556 $ 718,860 $ 629,663 $ 652,495 $ 33,185 $ 577,526 $ 406,820 $ 630,672 $ 35,000 $ 125,790 $ 493,214 $ 467,452 $ 278,776 $ 1,345,186 $ 494,570 $ 199,610 $ 824,873 $ 13,090,085 Variance $ 839,630 $ (577,217) $ (45,849) $ (482,419) $ (105,029) $ (7,290) $ (116,850) $ (191,104) $ (56,377) $ (27,355) $ (960,081) $ (671,156) $ (717,452) $ (431,224) $ (658,790) $ (537,032) $ (285,903) $ (33,185) $ 671,838 $ (406,820) $ (630,672) $ (35,000) $ (125,790) $ (493,214) $ (464,452) $ (278,776) $ (1,345,186) $ (494,570) $ 8,700,390 $ (799,873) $ (766,806) $ 4,712,836 $ 4,112,777 $4,264,472 2:28 PM 4/4/2018

3 Budget to YEP Comparison Revenue Approved Budget YEP Projected Final Proposed Budget YEP to Budget Proposed budget to YEP Proposed Budget to Budget Facility use Fees 6001 $620,458 $639,721 $764,458 $19,263 $124,737 $144,000 Recreation Rental 6002 $0 $0 $27,342 $0 $27,342 $27,342 Labor Materials and Recovery 6003 $200 $0 ($200) $0 ($200) Contract/Lease Payments 6004 $1,341,725 $1,340,375 $1,423,157 ($1,350) $82,782 $81,432 Interest income 6005 $98,000 $216,191 $225,000 $118,191 $8,809 $127,000 Admissions 6006 $25,000 $35,000 $25,000 $10,000 ($10,000) $0 Registration Fees 6008 $0 $13,830 $13,830 ($13,830) $0 Donations 6009 $2,500 $2,500 $2,500 $0 $0 $0 Miscellaneous Revenue 6010 $5,000 $44,259 $8,000 $39,259 ($36,259) $3,000 Return of Surplus 6011 $9,200,000 $9,200,000 $8,700,000 $0 ($500,000) ($500,000) Non Cash donation 6014 $0 $0 $0 $0 $0 Cost Reimbursement 6015 $50 $483 $90 $433 ($393) $40 Memberships 6020 $333,904 $349,587 $340,847 $15,683 ($8,740) $6,943 Intramurals 6022 $33,302 $28,185 $22,492 ($5,117) ($5,693) ($10,810) Informal Rec/Group Facilitation/Pool 6022 $49,085 $45,143 $47,295 ($3,942) $2,152 ($1,790) Fitness 6022 $45,855 $55,703 $58,675 $9,848 $2,972 $12,820 Well Retail Revenue 6023 $2,679 $2,185 $2,216 ($494) $31 ($463) Lab Revenue 6030 $0 $2,100 $2,100 ($2,100) $0 Lab Express Revenue 6032 $10,000 $10,500 $10,000 $500 ($500) $0 Rec Fee 6021 $610,727 $616,000 $666,207 $5,273 $50,207 $55,480 Total Revenue $12,378,485 $12,601,762 $12,323,279 $223,277 ($278,483) ($55,206) Expenditures Approved Budget YEP Projected Final Proposed Budget YEP to Budget Proposed budget to YEP Proposed Budget to Budget Event Contracts 3110 $115,500 $108,750 $113,100 $6,750 ($4,350) $2,400 Event Rentals 3120 $30,000 $37,000 $30,000 ($7,000) $7,000 $0 Event Supplies 3130 $77,750 $75,140 $79,800 $2,610 ($4,660) ($2,050) Event Advertising 3140 $10,000 $10,000 $10,000 $0 $0 $0 Insurance 3340 $57,263 $57,017 $50,026 $246 $6,991 $7,237 Custodial Supplies 3410 $170,000 $166,133 $203,200 $3,867 ($37,067) ($33,200) Office supplies 3420 $9,370 $8,666 $9,346 $704 ($680) $24 Maintenance Supplies 3430 $131,250 $141,484 $121,050 ($10,234) $20,434 $10,200 Fitness Equipment Maintenance 3431 $30,000 $55,705 $119,760 ($25,705) ($64,055) ($89,760) Duplicating, print, copying 3440 $16,999 $16,231 $18,384 $768 ($2,153) ($1,385) Program Supplies 3450 $384,127 $392,146 $418,718 ($8,019) ($26,572) ($34,591) Dues, Fees & Subscriptions 3460 $206,378 $215,604 $288,444 ($9,226) ($72,840) ($82,066) Advertising 3470 $19,100 $18,164 $20,600 $936 ($2,436) ($1,500) Cost of Goods Sold 3500 $1,394 $1,169 $1,172 $225 ($3) $222 Freight 3510 $50 $50 $50 $0 $0 $0 Telephone 3520 $37,031 $32,908 $38,562 $4,123 ($5,654) ($1,531) Postage 3530 $1,310 $1,044 $1,160 $266 ($116) $150 Repair and Maint, Contracts 3610 $102,385 $104,088 $150,867 ($1,703) ($46,779) ($48,482) Custodial Outside Services Contract 3611 $1,000,000 $951,496 $1,070,502 $48,504 ($119,006) ($70,502) Repair and Maint, Parts 3620 $11,800 $15,703 $19,200 ($3,903) ($3,497) ($7,400) Repair and Maint, Outside services 3630 $461,770 $497,998 $463,132 ($36,228) $34,866 ($1,362)

4 Utilities, Trash 3740 $9,316 $9,690 $11,536 ($374) ($1,846) ($2,220) natural Gas 3750 $63,625 $39,968 $73,952 $23,657 ($33,984) ($10,327) Sewer 3760 $66,066 $74,233 $87,060 ($8,167) ($12,827) ($20,994) Water 3770 $22,351 $29,275 $33,681 ($6,924) ($4,406) ($11,330) Electricity 3780 $501,951 $522,539 $620,450 ($20,588) ($97,911) ($118,499) Steam 3790 $0 $0 $0 $0 $0 $0 Services outside agencies 3800 $227,242 $227,871 $213,510 ($629) $14,361 $13,732 Part time wages 3811 $40,288 $8,160 $1,120 $32,128 $7,040 $39,168 Outside Services FT Wages UEI 3810 $2,414,628 $2,392,237 $2,653,940 $22,391 ($261,703) ($239,312) Retirement Medical Benefits 3813 $21,287 $27,742 $25,664 ($6,455) $2,078 ($4,377) VEBA 3814 $50,000 $50,000 $50,000 $0 $0 $0 Outside Services FT Bens UEI 3815 $1,349,323 $1,281,886 $1,564,966 $67,437 ($283,080) ($215,643) Outside Services St. Asst Wages-UEI 3830 $1,975,991 $1,897,198 $2,136,907 $78,793 ($239,709) ($160,916) Outside services St Asst Bens-UEI 3835 $111,479 $90,075 $116,407 $21,404 ($26,332) ($4,928) Outside Services FT Wages CSUS 3840 $0 $25,878 $32,834 ($25,878) ($6,956) ($32,834) Outside Services FT Bens CSUS 3845 $0 $14,894 $18,894 ($14,894) ($4,000) ($18,894) Outside Services Grad Wages UEI 3850 $0 $0 $0 $0 $0 $0 Outside Services GradBens UEI 3855 $0 $0 $0 $0 $0 $0 SOA (UEI HR) 3860 $587,271 $568,914 $649,788 $18,357 ($80,874) ($62,517) SOA Fin and Admin Ser 3870 $27,276 $27,472 $28,846 ($196) ($1,374) ($1,570) SOA Fee Collection 3871 $4,870 $4,874 $5,118 ($4) ($244) ($248) SOA Mail Services 3872 $5,974 $6,079 $6,384 ($105) ($305) ($410) SOA Public Safety (UU) 3873 $111,432 $113,807 $131,178 ($2,375) ($17,371) ($19,746) SOA Public Safety (WELL) 3874 $105,367 $106,035 $114,614 ($668) ($8,579) ($9,247) SOA HR (SAC state) 3875 $410 $435 $456 ($25) ($21) ($46) SOA Payroll 3876 $368 $356 $374 $12 ($18) ($6) SOA IRT 3877 $147,293 $138,415 $154,600 $8,878 ($16,185) ($7,307) Travel 3900 $39,213 $32,794 $49,697 $6,419 ($16,903) ($10,484) Travel Student 3905 $22,700 $22,024 $25,400 $676 ($3,376) ($2,700) Conference Registrations 3910 $20,788 $19,255 $21,738 $1,533 ($2,483) ($950) Conference Registrations: Student 3915 $8,540 $8,650 $9,415 ($110) ($765) ($875) Furniture and Equip 5210 $369,314 $471,170 $493,035 ($101,856) ($21,865) ($123,721) Capital improvements 5220 $25,000 $88,970 $242,320 ($63,970) ($153,350) ($217,320) Minor Equipment Base/supply 5230 $33,000 $41,898 $8,000 ($8,898) $33,898 $25,000 Art 5240 $5,000 $5,000 $5,000 $0 $0 $0 Computer/Data 5250 $114,895 $99,983 $276,128 $14,912 ($176,145) ($161,233) Total Expenditures $11,355,735 $11,354,273 $13,090,085 $1,462 ($1,735,812) ($1,734,350) Variance $1,022,750 $1,247,489 ($766,806) $224,739 ($2,014,295) ($1,789,556)

5 Executive Summary: Budget Bud YEP Bud Revenue $12,378,485 $12,601,762 $12,323,279 Expenses Events (Program) Insurance Supplies Services $233,250 $230,890 $232,900 $57,263 $57,017 $50,026 $967,224 $1,014,133 $1,199,502 $39,785 $35,171 $40,944 Contracts Utilities SOA Campus (SVCS) Retiree Med Ben (+ veba) SAL and Ben SOA (UEI) Cost Alloc (Campus) Travel Capital/R&R Total Expenses $1,575,955 $1,569,285 $1,703,701 $663,309 $675,705 $826,679 $227,242 $227,871 $213,510 $71,287 $77,742 $75,664 $5,891,709 $5,710,328 $6,525,068 $587,271 $568,914 $649,788 $402,990 $397,473 $441,570 $91,241 $82,723 $106,250 $547,209 $707,021 $1,024,483 $11,355,735 $11,354,273 $13,090,085

6 Capital and Plant Fund Proposed Budget Gallery Pedestal Covers (17) $2,000 Total $2, WELL AV Closet AC Installation $10, UU & WEL HVAC Auto Shutoffs & Auto Econimizer Close $10, University Union Corbin to Medeco Key Core Replacement 2/3 $35, Sound proof Storage work area 2nd&3rd Floor. Walls between Foothill/Orchard $4,360 Total $59, Total $ The WELL Camera Addition (2) $3, UU Camera Addition (3) $5, University Union Expansion Cameras+Installation $28, UU Centralized Digital Signage Infrastructure $40, UU Student Computer Areas - Integrated Surge Protection Outlets $2, Design Mac for Student Photographers $2, Cable Installation & software for remote operations at workstation/tablets $10, Digital Signage 2nd & 3rd Floor meeting rooms & Lobby Suite (15) $30, Digital Signage WELL Conference Suite (4) $8, TXT & TELL Digital Customer Feedback System $6, ipads for Teambuilding Facilitation $3,000 Total $138,250 Grand Total All Capital/Plant (70) $199, = Repair and Replacement Replace Fitness Equipment $257, University Union East and West Walk-Off Grate/Scrape System Replacement $16, University Union East, West, South Automatic Doors Replacement $75, University Union Chlller Overhaul $25, WELL MAC Replacement Team/Soccer Doors $6, Handdryer Replacement (8) Well and Union $8, VFD installation on AHU 4 qty 2 $9, Replace Employee Break Room Furniture $7, Replace Union ES Operations desks-ergonomics (2) $3, Replace Green Room furniture $5, Climbing Wall pad replacement $12, Replace spike damaged floor tiles & Order/Cut tiles to fully cover floor $30, Replace large conversion projector screens in ceiling 4 rooms Terrace Suite $36,000 Total $491, Waterproofing Phase II $132, Feasibility Study AC-11 (Redwood Room) Rooftop Conversion $50,000 Total $182, Trash can replacement all UU restrooms surface/wall mount $8,000 Total $8, Art Fund & Student Purchase Awards $5,000 Total $5, UU Toshiba Camera Replacement (6) $9, Workstation Refresh $48, WELL Digital Signage Screen Replacement (50% Screens) $9, NVR Replacement (2/2) $20, Info Desk monitors (3) $4, Replace Hinde Auditorium Projector $15, Upgrade or Replace Membership and Facility Software Replacement Hardware $32,378 Total $137,878 Grand Total All Repair and Replacement (80) $824,873 Grand Total Capital and Plant Fund: $1,024,483

7 TBU01 Non-Recurring Maintenance/Repair (NRMR) University Union Chiller Condenser Pump Replacement+Redundancy $157,500 Univeristy Union East and West (Remaining) Walkway Repairs $65,625 Reconfigure cardio suite floor boxes $328,125 Union Airwalls Panels Replacement (moved from FY ) $286,650 Ballroom airwalls panels replacement $132,300 Forest airwalls panels replacement $29,400 Foothill airwalls panels replacement $33,075 Orchard airwalls panels replacement $66,150 Valley airwalls panels replacement $25,725 Carpeting/Flooring $26,000 Green Room and Dressing Room $3,000 Capital Room $8,000 Forest Suite $15,000 Grand Total TBU01 $863,900 TBU04 Capital Improvement Project (CIMP) Golf cart parking $164,063 Bike Parking $65,625 ASI SEO lounge space remodel $98,438 Remodel Terrace Suite Kitchen $98,438 UU upper roof replacement $625,000 Fire Sprinkler Budget Adjustment for Budget $2,100,000 Fire Sprinkler Project Total $9,229,000 Fire Sprinklers - Approved BOD Summer Operating Committee $7,129,000 LED lighting Retro Fit- Requires approval Budget $2,100,000 Grand Total TBU04 $3,151,563 Grand Total TBU01 & TBU04: $4,015,463

8 Combined CASH FLOW AND OPERATING PROJECTION $99/Semester Fee starts Fall 15 Phase I: Union North Dec 2016 Phase I: Union North Jan 2019 *** Phase II: WELL Sept 2018 $30/ Semester Fee Increase Phase II: WELL Spring 2020 Union WELL Inc. Phase III: Satellite Ballroom Aug 2021 Union WELL Inc. Phase III: Satellite Ballroom Feb 2023 Union Bond Paid Off. New project will begin REVENUE FUND Prior Year Fund Balance $15,575,466 $19,243,685 $17,103,991 $19,762,674 $9,974,925 $14,518,577 $11,652,683 $9,148,774 $12,810,214 $14,881,852 $16,990,536 $19,343,802 2a. Revenue From Student Fees - Union* $13,496,815 $14,220,231 $14,063,113 $14,740,776 $15,107,400 $15,483,163 $15,789,736 $16,102,399 $16,421,274 $16,746,484 $17,163,123 $17,590,148 2b. Revenue From Student Fees - SHC Facilities $185,466 $191,730 $181,287 $185,409 $187,263 $189,135 $190,081 $191,031 $191,987 $192,947 $194,876 $196,825 2c. Revenue From Student Fees - New Project $5,730,266 $6,033,049 $5,987,520 $8,008,416 $8,169,385 $8,333,590 $8,459,010 $8,586,318 $8,715,543 $8,846,711 $9,024,530 $9,205, Interest Income From Rev. Fund $135,890 $205,965 $51,312 $59,288 $29,925 $43,556 $34,958 $27,446 $38,431 $44,646 $50,972 $58,031 4 One-time transfers in $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 5. SUBTOTAL (Lines 1 thru 4) $35,123,903 $39,894,659 $37,387,223 $42,756,562 $33,468,898 $38,568,021 $36,126,468 $34,055,969 $38,177,447 $40,712,640 $43,424,036 $46,394,730 6a. Adjustments & Returns to OP's $8,132,500 $9,392,624 $9,200,000 $8,700,000 $10,847,900 $11,543,162 $11,858,398 $12,182,532 $12,590,820 $13,009,878 $13,365,002 $13,730,146 6b. Relocation exp for UU Phase I $0 $431,916 $119,160 $608,924 $0 $0 $0 $0 $0 $0 $0 $0 7. Net Transfer to Int. & Redempt. $5,075,175 $4,660,771 $4,779,414 $5,737,114 $7,138,339 $8,404,890 $8,398,645 $8,339,041 $9,976,883 $9,980,439 $9,979,356 $9,981,881 8a. Transfer to NRMR $400,000 $650,000 $650,000 $2,000,000 $650,000 $650,000 $650,000 $650,000 $650,000 $650,000 $650,000 $650,000 8b. Transfer to CIMP $1,900,000 $250,000 $3,250,000 $0 $0 $0 $0 $0 $0 9. General Overhead Expense $45,963 $55,357 $58,124 $61,031 $64,082 $67,286 $70,651 $74,183 $77,892 $81,787 $85,876 $90,170 10a. Transfer to Construction Fund (UU PI & PII) $2,100,000 $7,600,000 $990,000 $0 $0 $3,000,000 $6,000,000 $0 $0 $0 $0 $0 10b. Transfer to Construction Fund (WELL PI) 126,580-1,827,851 4,545, c. Transfer to UU Fire Sprinkler Upgrade (includes Lighting Retro Fit) $0 $0 $0 $9,229,000 $0 $0 $0 $0 11. SUBTOTAL (Lines 6 thru 10) $15,880,218 $22,790,668 $17,624,549 $32,781,637 $18,950,321 $26,915,338 $26,977,693 $21,245,756 $23,295,595 $23,722,104 $24,080,234 $24,452, ENDING FUND BALANCE (Line 5 less Line 11) $19,243,685 $17,103,991 $19,762,674 $9,974,925 $14,518,577 $11,652,683 $9,148,774 $12,810,214 $14,881,852 $16,990,536 $19,343,802 $21,942,533 CAMPUS OPERATIONS AUDITED AUDITED Adjusted YEP 13. Return of Surplus Revenue Funds $8,132,500 $9,392,624 $9,200,000 $8,700,000 $10,847,900 $11,543,162 $11,858,398 $12,182,532 $12,590,820 $13,009,878 $13,365,002 $13,730,146 13a. Return of Surplus adj - usage of advance student fees $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 13b. Income from Rec fee $596,536 $636,481 $616,000 $666,207 $679,598 $693,258 $703,692 $714,282 $725,032 $735,944 $750,736 $765, Income From Operations $2,703,885 $2,753,091 $2,569,571 $2,732,072 $2,882,931 $2,916,957 $2,951,480 $3,086,508 $3,275,051 $3,318,711 $3,363,134 $3,408, Interest Income / Local Funds $45,469 $103,208 $216,191 $225,000 $236,109 $247,769 $260,007 $272,853 $286,337 $300,490 $315,346 $330, SUBTOTAL (Lines 13 thru 15) $11,478,390 $12,885,404 $12,601,762 $12,323,279 $14,646,538 $15,401,146 $15,773,576 $16,256,175 $16,877,241 $17,365,023 $17,794,218 $18,235, Operating Expense & Equipment $4,113,764 $4,226,632 $5,574,363 $6,490,473 $6,830,419 $6,959,155 $7,066,133 $7,657,993 $8,256,620 $8,339,187 $8,422,578 $8,506, Salaries & Wages $3,933,154 $4,156,460 $4,315,313 $4,823,681 $5,198,815 $5,475,702 $5,758,549 $5,885,171 $6,014,782 $6,147,462 $6,283,291 $6,422, Staff Benefits $1,232,972 $1,322,043 $1,464,597 $1,775,931 $2,128,439 $2,171,921 $2,280,826 $2,327,742 $2,383,823 $2,441,407 $2,500,539 $2,561, TOTAL EXPENDITURES (Lines 17 thru 19) $9,279,890 $9,705,135 $11,354,273 $13,090,085 $14,157,673 $14,606,777 $15,105,509 $15,870,905 $16,655,225 $16,928,055 $17,206,408 $17,490, Net From Operations (Line 16 less Line 20) $2,198,500 $3,180,269 $1,247,489 ($766,806) $488,865 $794,369 $668,068 $385,269 $222,016 $436,968 $587,810 $744,829 ADD OR DEDUCT 22. Capital Equipment & Related Expense ($25,565) ($215,985) ($61,190) ($318,550) ($131,462) ($132,740) ($134,033) ($135,341) ($136,665) ($138,005) ($139,361) ($140,734) 23. Depreciation 1 ($281,937) ($354,007) $137,709 $296,783 ($350,000) ($350,000) ($350,000) ($350,000) ($350,000) ($350,000) ($350,000) ($350,000) 24. Prior Year Adjustments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 25. Beginning Fund Balance $6,123,649 $8,014,647 $10,624,924 $11,948,932 $11,160,359 $11,167,762 $11,479,391 $11,663,426 $11,563,354 $11,298,704 $11,247,666 $11,346, ENDING FUND BALANCE (Lines 21 thru 25) $8,014,647 $10,624,924 $11,948,932 $11,160,359 $11,167,762 $11,479,391 $11,663,426 $11,563,354 $11,298,704 $11,247,666 $11,346,115 $11,600, YEAR END WORKING CAPITAL (Line 12 and Line 26) $27,258,332 $27,728,915 $31,711,606 $21,135,284 $25,686,339 $23,132,074 $20,812,200 $24,373,568 $26,180,556 $28,238,202 $30,689,918 $33,542,743 DEBT COVERAGE RATIO CALCULATION Total Rev $19,548,437 $20,650,974 $20,283,232 $22,993,889 $23,493,973 $24,049,444 $24,473,785 $24,907,195 $25,367,234 $25,830,788 $26,433,500 $27,050,927 Return of Surplus $8,132,500 $9,392,624 $9,200,000 $8,700,000 $10,847,900 $11,543,162 $11,858,398 $12,182,532 $12,590,820 $13,009,878 $13,365,002 $13,730,146 Net Income $11,415,937 $11,258,350 $11,083,232 $14,293,889 $12,646,073 $12,506,282 $12,615,387 $12,724,663 $12,776,413 $12,820,910 $13,068,499 $13,320,782 Debt Ser Tot $5,075,175 $4,660,771 $4,779,414 $5,737,114 $7,138,339 $8,404,890 $8,398,645 $8,339,041 $9,976,883 $9,980,439 $9,979,356 $9,981,881 DEBT COVERAGE RATIO *Above the line revenues do NOT include Recreational Sports Fees. Although these fees are collected centrally, they are remitted and reflected below the line. Veba for 10 years 1. Line Transfers to Plant Fund for Sinking Fund for Depreciation and Art Acquisition anf future facility development fund Combined 1 of 1

9 Existing CASH FLOW AND OPERATING PROJECTION Union Bond Paid Off. New project will begin REVENUE FUND Prior Year Fund Balance $15,575,466 $14,739,998 $13,077,256 $13,804,190 $6,388,968 $8,286,478 $4,909,788 $6,558,850 $8,307,535 $10,093,804 $11,914,225 $13,852,671 2a. Revenue From Student Fees - Union* $13,496,815 $14,220,231 $14,063,113 $14,740,776 $15,107,400 $15,483,163 $15,789,736 $16,102,399 $16,421,274 $16,746,484 $17,163,123 $17,590,148 2b. Revenue From Student Fees - SHC Facilities $185,466 $191,730 $181,287 $185,409 $187,263 $189,135 $190,081 $191,031 $191,987 $192,947 $194,876 $196,825 2c. Revenue From Student Fees - New Project 3. Interest Income From Rev. Fund $135,890 $205,965 $39,232 $41,413 $19,167 $24,859 $14,729 $19,677 $24,923 $30,281 $35,743 $41,558 4 One-time transfers in $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 5. SUBTOTAL (Lines 1 thru 4) $29,393,636 $29,357,924 $27,360,888 $28,771,787 $21,702,798 $23,983,635 $20,904,334 $22,871,957 $24,945,718 $27,063,516 $29,307,966 $31,681,202 6a. Adjustments & Returns to OP's $7,032,500 $7,892,624 $7,700,000 $6,200,000 $8,305,400 $8,954,897 $9,223,544 $9,500,250 $9,785,258 $10,078,816 $10,381,180 $10,692,616 6b. Relocation exp for UU Phase I $431,916 $119,160 $608, Net Transfer to Int. & Redempt. 5,075,175 4,660,771 4,779,414 4,783,864 4,646,839 4,651,664 4,651,289 4,589,989 4,588,764 4,588,689 4,588,239 4,590,714 8a. Transfer to NRMR $400,000 $400,000 $400,000 $1,500,000 $400,000 $400,000 $400,000 $400,000 $400,000 $400,000 $400,000 $400,000 8b. Transfer to CIMP $0 $3,000,000 $0 $0 $0 $0 $0 $0 9. General Overhead Expense $45,963 $55,357 $58,124 61,031 64,082 67,286 70,651 74,183 77,892 81,787 85,876 90,170 10a. Transfer to Construction Fund (UU PI & PII) 2,100,000 2,840,000 2,000,000 10b. Transfer to Construction Fund (WELL PI) 500,000 10c. Transfer to UU Fire Sprinkler Upgrade (includes Lighting Retro Fit) 9,229, SUBTOTAL (Lines 6 thru 10) $14,653,638 $16,280,668 $13,556,698 $22,382,818 $13,416,321 $19,073,847 $14,345,483 $14,564,422 $14,851,914 $15,149,291 $15,455,295 $15,773, ENDING FUND BALANCE (Line 5 less Line 11) $14,739,998 $13,077,256 $13,804,190 $6,388,968 $8,286,478 $4,909,788 $6,558,850 $8,307,535 $10,093,804 $11,914,225 $13,852,671 $15,907,702 CAMPUS OPERATIONS AUDITED AUDITED Adjusted YEP 13. Return of Surplus Revenue Funds $7,032,500 $7,892,624 $7,700,000 $6,200,000 $8,305,400 $8,954,897 $9,223,544 $9,500,250 $9,785,258 $10,078,816 $10,381,180 $10,692,616 13a. Return of Surplus adj - usage of advance student fees 13b. Income from Rec fee $596,536 $636,481 $616,000 $666,207 $679,598 $693,258 $703,692 $714,282 $725,032 $735,944 $750,736 $765, Income From Operations $2,703,885 $2,753,091 $2,569,571 $2,597,120 $2,623,091 $2,649,322 $2,675,815 $2,702,573 $2,729,599 $2,756,895 $2,784,464 $2,812, Interest Income / Local Funds $45,469 $101,208 $210,161 $217,939 $228,836 $240,278 $252,292 $264,906 $278,152 $292,059 $306,662 $321, SUBTOTAL (Lines 13 thru 15) $10,378,390 $11,383,404 $11,095,732 $9,681,266 $11,836,925 $12,537,755 $12,855,343 $13,182,012 $13,518,041 $13,863,714 $14,223,043 $14,592, Operating Expense & Equipment $4,046,454 $4,156,916 $5,038,609 $5,673,983 $5,747,726 $5,822,206 $5,897,431 $5,956,405 $6,015,970 $6,076,129 $6,136,891 $6,198, Salaries & Wages $3,743,787 $3,936,460 $4,086,513 $4,418,803 $4,669,503 $4,925,217 $5,186,045 $5,289,766 $5,395,562 $5,503,473 $5,613,542 $5,725, Staff Benefits $1,089,789 $1,147,043 $1,281,557 $1,337,663 $1,642,033 $1,731,533 $1,822,823 $1,851,418 $1,888,447 $1,926,216 $1,964,740 $2,004, TOTAL EXPENDITURES (Lines 17 thru 19) $8,880,030 $9,240,419 $10,406,679 $11,430,449 $12,059,262 $12,478,956 $12,906,300 $13,097,590 $13,299,978 $13,505,818 $13,715,173 $13,928, Net From Operations (Line 16 less Line 20) $1,498,360 $2,142,985 $689,053 ($1,749,183) ($222,337) $58,799 ($50,957) $84,422 $218,063 $357,896 $507,870 $664,638 ADD OR DEDUCT 22. Capital Equipment & Related Expense ($25,565) ($215,985) ($61,190) ($105,200) ($106,462) ($107,740) ($109,033) ($110,341) ($111,665) ($113,005) ($114,361) ($115,734) 23. Depreciation 1 ($281,937) ($354,007) $137,709 $296,783 ($200,000) ($200,000) ($200,000) ($200,000) ($200,000) ($200,000) ($200,000) ($200,000) 24. Prior Year Adjustments 25. Beginning Fund Balance $6,123,649 $7,314,507 $8,887,500 $9,653,072 $8,095,472 $7,566,673 $7,317,732 $6,957,743 $6,731,824 $6,638,221 $6,683,112 $6,876, ENDING FUND BALANCE (Lines 21 thru 25) $7,314,507 $8,887,500 $9,653,072 $8,095,472 $7,566,673 $7,317,732 $6,957,743 $6,731,824 $6,638,221 $6,683,112 $6,876,621 $7,225, YEAR END WORKING CAPITAL (Line 12 and Line 26) $22,054,505 $21,964,756 $23,457,262 $14,484,441 $15,853,151 $12,227,520 $13,516,593 $15,039,359 $16,732,025 $18,597,337 $20,729,292 $23,133,228 DEBT COVERAGE RATIO CALCULATION Total Rev $13,818,170 $14,617,925 $14,283,632 $14,967,597 $15,313,830 $15,697,158 $15,994,546 $16,313,107 $16,638,183 $16,969,712 $17,393,741 $17,828,531 Return of Surplus $7,032,500 $7,892,624 $7,700,000 $6,200,000 $8,305,400 $8,954,897 $9,223,544 $9,500,250 $9,785,258 $10,078,816 $10,381,180 $10,692,616 Net Income $6,785,670 $6,725,301 $6,583,632 $8,767,597 $7,008,430 $6,742,260 $6,771,002 $6,812,856 $6,852,925 $6,890,897 $7,012,561 $7,135,915 Debt Ser Tot $5,075,175 $4,660,771 $4,779,414 $4,783,864 $4,646,839 $4,651,664 $4,651,289 $4,589,989 $4,588,764 $4,588,689 $4,588,239 $4,590,714 DEBT COVERAGE RATIO of 1

10 PI: Union North, PII: WELL & PIII: Satellite Ballroom CASH FLOW AND OPERATING PROJECTION $99/Semester Fee starts Fall 15 Phase I: Union North Dec 2016 Phase I: Union North Jan 2019 *** Phase II: WELL Sept 2018 $30/ Semester Fee Increase Phase II: WELL Spring 2020 Union WELL Inc. Phase III: Satellite Ballroom Aug 2021 Union WELL Inc. Phase III: Satellite Ballroom Feb 2023 Union Bond Paid Off. New project will begin REVENUE FUND * 1. Prior Year Fund Balance $0 $4,503,686 $4,026,735 $5,958,484 $3,585,957 $6,232,100 $6,742,895 $2,589,924 $4,502,679 $4,788,048 $5,076,311 $5,491,131 2a. Revenue From Student Fees - Union* 2b. Revenue From Student Fees - SHC Facilities 2c. Revenue From Student Fees - New Project $5,730,266 $6,033,049 $5,987,520 $8,008,416 $8,169,385 $8,333,590 $8,459,010 $8,586,318 $8,715,543 $8,846,711 $9,024,530 $9,205, Interest Income From Rev. Fund $0 $12,080 $17,875 $10,758 $18,696 $20,229 $7,770 $13,508 $14,364 $15,229 $16,473 4 One-time transfers in 5. SUBTOTAL (Lines 1 thru 4) $5,730,266 $10,536,735 $10,026,335 $13,984,776 $11,766,100 $14,584,386 $15,222,134 $11,184,012 $13,231,729 $13,649,123 $14,116,070 $14,713, Adjustments & Returns to OP's $1,100,000 $1,500,000 $1,500,000 $2,500,000 $2,542,500 $2,588,265 $2,634,854 $2,682,281 $2,805,562 $2,931,062 $2,983,821 $3,037, Net Transfer to Int. & Redempt. $0 $0 $0 $953,250 $2,491,500 $3,753,226 $3,747,356 $3,749,052 $5,388,119 $5,391,750 $5,391,117 $5,391,168 8a. Transfer to NRMR $0 $250,000 $250,000 $500,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 8b. Transfer to CIMP $1,900,000 $250,000 $250,000 $0 $0 $0 $0 $0 $0 9. General Overhead Expense $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 10a. Transfer to Construction Fund (UU PI & PII) $4,760,000 $990,000 $1,000,000 $6,000,000 10b. Transfer to Construction Fund (WELL PI) $126,580 $0 $1,327,851 $4,545,569 10c. Transfer to UU Fire Sprinkler Upgrade (includes Lighting Retro Fit) 11. SUBTOTAL (Lines 6 thru 10) $1,226,580 $6,510,000 $4,067,851 $10,398,819 $5,534,000 $7,841,491 $12,632,210 $6,681,333 $8,443,681 $8,572,813 $8,624,939 $8,678, ENDING FUND BALANCE (Line 5 less Line 11) $4,503,686 $4,026,735 $5,958,484 $3,585,957 $6,232,100 $6,742,895 $2,589,924 $4,502,679 $4,788,048 $5,076,311 $5,491,131 $6,034, CAMPUS OPERATIONS AUDITED AUDITED Adjusted YEP 13. Return of Surplus Revenue Funds $1,100,000 $1,500,000 $1,500,000 $2,500,000 $2,542,500 $2,588,265 $2,634,854 $2,682,281 $2,805,562 $2,931,062 $2,983,821 $3,037,530 13a. Return of Surplus adj - usage of advance student fees $0 13b. Income from Rec fee 14. Income From Operations $134,952 $259,840 $267,635 $275,664 $383,934 $545,452 $561,816 $578,670 $596, Interest Income / Local Funds $2,000 $6,030 $7,061 $7,273 $7,491 $7,716 $7,947 $8,186 $8,431 $8,684 $8, SUBTOTAL (Lines 13 thru 15) $1,100,000 $1,502,000 $1,506,030 $2,642,013 $2,809,613 $2,863,391 $2,918,234 $3,074,162 $3,359,200 $3,501,309 $3,571,176 $3,642, Operating Expense & Equipment $67,310 $69,716 $535,754 $816,490 $1,082,693 $1,136,948 $1,168,702 $1,701,588 $2,240,651 $2,263,057 $2,285,688 $2,308, Salaries & Wages $189,367 $220,000 $228,800 $404,878 $529,312 $550,485 $572,504 $595,404 $619,220 $643,989 $669,749 $696, Staff Benefits $143,183 $175,000 $183,040 $438,268 $486,406 $440,388 $458,003 $476,323 $495,376 $515,191 $535,799 $557, TOTAL EXPENDITURES (Lines 17 thru 19) $399,860 $464,716 $947,594 $1,659,636 $2,098,411 $2,127,821 $2,199,209 $2,773,315 $3,355,247 $3,422,238 $3,491,236 $3,562, Net From Operations (Line 16 less Line 20) $700,140 $1,037,284 $558,436 $982,377 $711,201 $735,570 $719,025 $300,847 $3,953 $79,071 $79,940 $80,191 ADD OR DEDUCT 22. Capital Equipment & Related Expense ($213,350) ($25,000) ($25,000) ($25,000) ($25,000) ($25,000) ($25,000) ($25,000) ($25,000) 23. Depreciation 1 $0 ($150,000) ($150,000) ($150,000) ($150,000) ($150,000) ($150,000) ($150,000) ($150,000) 24. Prior Year Adjustments 25. Beginning Fund Balance $0 $700,140 $1,737,424 $2,295,860 $3,064,887 $3,601,088 $4,161,659 $4,705,683 $4,831,530 $4,660,483 $4,564,554 $4,469, ENDING FUND BALANCE (Lines 21 thru 25) $700,140 $1,737,424 $2,295,860 $3,064,887 $3,601,088 $4,161,659 $4,705,683 $4,831,530 $4,660,483 $4,564,554 $4,469,494 $4,374, YEAR END WORKING CAPITAL (Line 12 and Line 26) $5,203,826 $5,764,159 $8,254,344 $6,650,843 $9,833,188 $10,904,554 $7,295,607 $9,334,209 $9,448,531 $9,640,865 $9,960,626 $10,409,516 DEBT COVERAGE RATIO CALCULATION Total Rev $5,730,266 $6,033,049 $5,999,600 $8,026,291 $8,180,143 $8,352,286 $8,479,239 $8,594,088 $8,729,051 $8,861,076 $9,039,759 $9,222,397 Return of Surplus $1,100,000 $1,500,000 $1,500,000 $2,500,000 $2,542,500 $2,588,265 $2,634,854 $2,682,281 $2,805,562 $2,931,062 $2,983,821 $3,037,530 Net Income $4,630,266 $4,533,049 $4,499,600 $5,526,291 $5,637,643 $5,764,021 $5,844,385 $5,911,807 $5,923,488 $5,930,013 $6,055,938 $6,184,867 Debt Ser Tot $0 $0 $0 $953,250 $2,491,500 $3,753,226 $3,747,356 $3,749,052 $5,388,119 $5,391,750 $5,391,117 $5,391,168 DEBT COVERAGE RATIO #DIV/0! #DIV/0! #DIV/0! New Projects 1 of 1

11 FY Year Operations Property and Equipment Repairs and Replacement Art Acquisition Total YEP Budget $6,123,649 $1,060,566 $2,634,721 $54,314 $9,873,250 $8,014,647 $970,012 $2,414,033 $44,006 $11,442,698 $10,624,924 $928,342 $2,226,636 $45,223 $13,825,125 $11,948,932 $1,276,718 $2,337,514 $48,723 $15,611,887 $11,160,359 $2,046,436 $2,359,281 $52,223 $15,618, * Revenue Fund $15,575,466 $19,243,685 $17,103,991 $19,762,674 $9,974,925 Removed from Revenue Fund Balance *$4,545,569 transferred to WELL expansion project *$9,229,000 transferred to Fire Sprinkler (includes LED lights) project *$2,000,000 transferred to NRMR *$1,900,000 transferred to CIMP