UNIVERSITY OF NORTHERN IOWA
CEDAR FALLS, IOWA
UNIVERSITY RESIDENCE SYSTEM
ANNUAL REPORT
________________________________________________________________________
Prepared for the Board of Regents, State of Iowa
September 19, 2014
Glenn Gray
Executive Director of Residence
1
University of Northern Iowa
Residence System Annual Report
Table of Contents
Page
Executive Summary………………………………………………………………………………………3
University Enrollment…………………………………………………………………………………….4
Residence Occupancy………………………………………………………………………...…………5
Residence Occupancy as a Percent of Enrollment
Residence Occupancy and Academic Classification
Residence Occupancy Compared to Housing Capacity
Residence Occupancy Participation in the 2-Year Advantage Plan
Residence Rates………………………………………………………………………………………….6
Ten Year Room and Board Rate Comparison
Peer Group Rate Comparison
University Apartment Rates
Meal Plan Rates for Students Residing in Apartments
Facilities Summary…………………………………………………………………………………….....8
Improvement and Repair Expenditures
Financial Statement………………………………………………..……………………………………10
Bond Principal and Interest………………………………………………………………………..……11
Appendix A…………………………………………………………………………………………..…...12
Resident Assessment
2
EXECUTIVE SUMMARY
Mission
The Department of Residence (DOR) serves as an extension of the University’s mission to educate – to
recruit, retain and graduate students. Core services include marketing of on-campus housing and dining;
administration of housing and dining contracts; supervision of residence life; provision of dining, retail and
catering services; maintenance and cleaning of facilities; and administration of campus identification
cards. The DOR contributes to the success of students and the university by providing exceptional
hospitality and creating dynamic communities. Annual assessment, measured longitudinally and
benchmarked nationally, affirms incredibly high levels of student satisfaction with UNI housing facilities,
dining services, and the residential experience provided (see appendix A).
University Enrollment
Total enrollment at the University of Northern Iowa for fall 2014 is 11,928 students; including 2,047
freshmen, 1,928 sophomores, 2,437 juniors, 3,322 seniors, 1,786 graduates, and 260 unclassified
students. Fall 2013 enrollment was 12,159 students; including 2,037 freshmen, 1,902 sophomores, 2,662
juniors, 3,393 seniors, 1,779 graduates, and 386 unclassified students. Fall 2012 enrolment was 12,273
students; including 2,091 freshmen, 2,096 sophomores, 2,737 juniors, 3,589 seniors, 1,618 graduates,
and 142 unclassified students.
Residence Occupancy
Unlike many colleges and universities in the state of Iowa and across the country, UNI has no student
residency requirement policy in practice.
Approximately 36.8% of all students currently enrolled at UNI reside on campus; including 92.7% of new
freshmen (83% of all freshmen), 55.1% of sophomores, 28% of juniors, and 17.4% of seniors.
Total student occupancy on campus for fall 2014 is 4,386 students; or 36.8% of enrollment occupying
89.6% of housing capacity. Fall 2013 occupancy was 4,355 students; or 35.8% of enrollment occupying
83.8% of housing capacity. Fall 2012 occupancy was 4,413 students; or 33.6% of enrollment occupying
89.1% of housing capacity.
The 2-Year Advantage Plan provides students with the opportunity to freeze their housing and dining
rates for two years and avoid the $200 pre-payment requirement for the second year of the contract. The
Department of Residence is currently studying the effectiveness of the program.
Residence Rates
Residency rates rose by 2.9% in FY2013-14 and will raise 2.8% in FY2014-15. UNI ranks 7th among its
peers for double occupancy with full meal plans. UNI’s FY2014-15 rate ($8,046) is $444 under the
average rate of $8,490.
Apartment rental rates for Hillside Courts, Jennings Courts and Panther Village increased just 1.5% for
FY2014-15, while rates for ROTH were slightly higher due to two additional weeks added to the housing
contract. Meal plan rates rose 1.7% - 2.1% depending on the meal plan.
Facilities Summary
The Department of Residence accounts for approximately one-third of the total square footage at UNI
(1,606,040 sq. ft.). DOR facilities include eight residence halls with a design capacity of 4,164 beds; two
apartment-style halls with a design capacity of 774 beds; 319 apartments for nontraditional students and
students in need of family housing; and two dining centers with a combined seating capacity of 1,730
seats.
3
Programmatic capacity reduces the design capacity available for occupancy. For example, Shull Hall has
a maximum design capacity of 420 beds, but is currently marketed as 209 single rooms for transfer
students. Furthermore approximately 100 live-in staff are provided single rooms as part of their
compensation for various responsibilities including community development, policy enforcement and
emergency response.
Construction of both Panther Village phase II and an addition on the Redeker Center were completed
during FY14. Plans will be developed for the modernization of Lawther Hall during FY15. Lawther Hall is
the oldest residence hall on campus with the most deferred maintenance. Modernization will include
updating mechanicals, installing air conditioning and a fire suppression system, and making the facility
ADA accessible. The project will be funded with reserves.
Financial Statement
The Department of Residence is an auxiliary operation funded entirely from self-generated revenues. No
state appropriation, tuition revenue or general fund dollars are allocated to support housing.
For the year ending June 30, 2014, total revenues for the Residence System exceeded budget by
$866,174 or 2.35% and expenditures were under budget by $1,767,724 or 6.49%. This resulted in a
$2,633,898 increase in net revenues and a 39% increase in the debt service coverage ratio. Fund
balances increased by $4,581,210 or 32.38% over budget.
Increase in revenue was due in part to additional housing contracts (63) compared to budget (4,292) in
FY14. This includes a 4.7% increase in new freshman contracts and a 6.9% increase in senior contracts.
FY15 saw a similar increase netting 31 additional contracts over FY14 for a total of 4,386. Investment
income was over budget by $298,095 or 75.28%. This was due to the recovery of the market and value
on treasury and agency securities and a strong return on investment on University of Iowa operating and
intermediate portfolios. Other income was down $262,767 or 4.41%. This was partially due to a reduction
in retail sales.
Expenditures were down by $1,767,724 or 6.49% from budget. This was due in part to salary and fringe
benefit savings and other operating expenses. Utilities were up $293,401 or 12.52% over budget due to
increases in utility costs. Food costs were down $137,244 or 2.93% compared to budget. This was due to
the decrease in retail sales.
UNIVERSITY ENROLLMENT
Classification
New freshmen
All freshmen
Sophomores
Juniors
Seniors
Graduates & Unclassified
Lower Division (FR & SO)
Upper Division (JR & SR)
All Undergraduate
Total Enrollment
Student Enrollment
Fall 2012
Fall 2013
1,704
1,722
2,091
2,037
2,096
1,902
2,737
2,662
3,589
3,393
1,760
2,165
4,187
3,939
6,326
6,055
10,513
9,994
12,273
12,159
4
Fall 2014
1,797
2,047
1,928
2,437
3,322
2,194
3,975
5,759
9,734
11,928
Change 13 to 14
75
4.4%
10
0.5%
26
1.4%
(225)
-8.5%
(71)
-2.1%
29
1.3%
36
0.9%
(296)
-4.9%
(260)
-2.6%
(231)
-1.9%
RESIDENCE OCCUPANCY
Residence Occupancy as a Percent of Enrollment
Classification
New freshmen
All freshmen
Sophomores
Juniors
Seniors
Graduate & Unclassified
Lower Division (FR & SO)
Upper Division (JR & SR)
All Undergraduate
Total Occupancy
Classification
New freshmen
Fall 2012
94.2%
84.5%
58.3%
23.3%
13.3%
17.6%
71.4%
17.6%
39.0%
33.6%
Fall 2013
92.4%
83.1%
58.5%
26.7%
15.9%
13.8%
71.2%
20.7%
40.6%
35.8%
Fall 2014
92.7%
83.0%
55.1%
28.0%
17.4%
16.6%
69.5%
21.9%
41.3%
36.8%
Residence Occupancy and Academic Classification
Fall 2012
Fall 2013
Fall 2014
1,605
1,591
1,666
All freshmen
Sophomores
Juniors
Seniors
Graduates & Unclassified
Lower Division (FR & SO)
Upper Division (JR & SR)
All Undergraduate
Total Occupancy
Change 13 to 14
0.3%
-0.2%
-3.3%
1.3%
1.5%
2.9%
-1.8%
1.2%
0.7%
1.0%
Change 13 to 14
75
4.7%
1,766
1,693
1,698
5
0.3%
1,223
638
476
310
2,989
1,114
4,103
4,413
1,112
712
540
298
2,805
1,252
4,057
4,355
1,063
683
577
365
2,761
1,260
4,021
4,386
(49)
(29)
37
67
(44)
8
(36)
31
-4.4%
-4.1%
6.9%
22.5%
-1.6%
0.6%
-0.9%
0.7%
Residence Occupancy Compared to Housing Capacity
Fall 2012
Fall 2013
Fall 2014
Capacity Occupancy Capacity Occupancy Capacity
Occupancy
Residence Halls
Bender
Campbell
Dancer
Hagemann
Lawther
Noehren
Rider
Shull
Apartments
Hillside Courts
Jennings Courts
Panther Village
ROTH
TOTAL
Occ/Cap %
595
582
595
398
432
711
423
419
573
551
564
299
357
678
379
225
595
582
595
398
432
711
423
419
530
502
512
347
308
604
315
224
598
577
598
401
432
713
425
420
491
519
520
329
318
609
344
237
277
40
204
278
4,954
253
37
201
296
4,413
277
40
450
278
5,200
259
35
442
277
4,355
279
40
451
323
5,257
260
38
444
277
4,386
89.1%
83.8%
5
83.4%
RESIDENCE OCCUPANCY
Residence Occupancy Participation in the 2-Year Advantage Plan
Fall 2012
Fall 2013
Fall 2014
2013 to 2014
First Year Participants
1,150
1,217
1,177
(40)
-3.3%
Second Year Participants
1,072
928
966
38
4.1%
Total
2,222
2,145
2,143
(2)
-0.1%
RESIDENCE RATES
Year
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
Ten Year Room and Meal Rates
Double Room / 19-Meal Contracts – Academic Year
Rate *
$ Increase
$5,519
$5,740
$221
$6,268
$528
$6,790
$522
$6,980
$190
$7,120
$140
$7,426
$306
$7,597
$171
$7,820
$223
$8,046
$226
% Increase
3.9%
8.4%
7.7%
2.7%
2.0%
4.1%
2.3%
2.9%
2.8%
* Students participating in 2-Year Advantage Plan pay previous year's rates
1
2
3
4
5
6
7
8
9
10
11
Comparable Peer Universities Rate Comparison
Double Occupancy, Full Meal Plan
Institution
2012-13
2013-14
2014-15
Ohio University
$11,672
$10,230
$10,478
Illinois State University
$9,364
$9,624
$9,754
Northern Arizona University
$8,726
$8,854
$9,054
Central Michigan University
$8,376
$8,544
$8,780
Indiana State University
$8,619
$8,500
$8,747
California State, Fresno
$10,705
$8,498
$8,624
University of Northern Iowa
$7,597
$7,820
$8,046
University of North Carolina at Greensboro
$7,412
$7,408
$7,884
University of North Texas
$7,345
$7,355
$7,717
University of Minnesota Duluth
$7,194
$6,956
$7,004
University of Wisconsin-EauClaire
$6,182
$6,466
$6,855
Average (mean) without UNI
$8,560
$8,244
$8,490
UNI under (over) average
$963
$424
$444
6
Meal Plan
20 Meals per week
Unlimited
Unlimited
Unlimited
Standard Plan
14 Flex/19 plan
All Access
Unlimited
7 day meal plan
19 Meals per week
All Access
RESIDENCE RATES
Apartment Rental Rates per Academic Year
2012-13
2013-14
Hillside Courts
One Bedroom
Two Bedroom
Townhouse
Jennings Courts
Two Bedroom
ROTH
Suite - Double
Suite - Single
6 Person apt - Double
4 Person apt - Double
2 Person apt - Double
Panther Village
Studio Apartment
2 Person apt
4 Person apt
2014-15
$3,850
$4,915
$5,416
$3,927
$5,012
$5,524
$3,986
$5,087
$5,607
$5,400
$5,508
$5,591
$3,280
$4,540
$3,863
$3,863
$4,743
$3,374
$4,670
$3,974
$3,974
$4,880
$3,610
$4,801
$4,252
$4,252
$5,221
$7,140
$6,540
$5,940
$7,346
$6,730
$6,112
$7,456
$6,831
$6,204
Meal Plan Rates for Students Residing in University Apartments and Off Campus
Meal Plans
2013-14
2014-15 $ Increase % Increase
Gold Plan (All access & $250 DD per semester)
$4,360
$4,434
$74
1.7%
Purple Plan (All access & $50 DD per semester)
$4,010
$4,084
$74
1.8%
Panther Block (200 meals & $250 DD per semester)
$4,160
$4,230
$70
1.7%
Basic Block (160 meals per semester)
$3,120
$3,180
$60
1.9%
Any 5
$1,706
$1,735
$29
1.7%
Any 100 Meal Deal
$930
$948
$18
1.9%
Any 60 Meal Deal
$570
$581
$11
1.9%
Any 20 Meal Deal
$194
$198
$4
2.1%
7
FACILITIES SUMMARY
Improvement and Repair Expenditures for Facilities Operations
2008-09
Total Gross Square Footage
Total Building Insurance
Total Improvement and Repair Expenditure
Expenditure Per Gross Square Foot
Expenditure as a Percent of Replacement Value
2009-10
2010-11
2011-12
2012-13
2013-14
1,487,830
1,487,830
1,487,830
1,487,830
1,443,072
1,606,040
$308,015,174
$308,852,999
$316,574,324
$307,050,944
$315,789,478
$427,694,201
$5,606,303
$7,287,881
$8,064,222
$5,282,969
$4,330,970
$5,248,974
$3.77
$4.90
$5.42
$3.55
$3.00
$3.27
1.82%
2.36%
2.55%
1.72%
1.37%
1.23%
Cost per SF
Replacement Cost
Construction Only
Contents
Extra Expense
Bus Income
Design
Capacity
Gross SF
1938, 50
1953, 56,
64
432
107,085
266.03
28,487,361
1,780,460
250,594
1,434,444
31,952,859
577
132,442
240.30
31,825,666
1,989,104
269,245
1,888,790
35,972,805
Rider
1961
425
85,938
240.94
20,705,742
1,294,109
182,305
1,352,640
23,534,796
Shull
1964
420
85,283
242.79
20,705,742
1,294,109
182,305
1,229,183
23,411,339
Hagemann
1965
401
87,246
237.33
20,705,742
1,294,109
182,305
1,301,415
23,483,571
Noehren
1967
713
149,764
230.53
34,525,708
2,157,857
304,249
2,247,059
39,234,873
Bender
1969
598
109,687
265.59
29,132,189
1,820,762
256,676
1,289,082
32,498,709
Dancer
1969
598
109,711
265.54
29,132,189
1,820,762
256,676
1,298,798
32,508,425
Commons
19,280
254.34
4,903,625
637,471
45,693
4,182,369
9,769,158
Piazza
81,566
267.97
21,856,981
2,841,408
155,335
7,215,422
32,069,146
Rialto
58,229
228.70
13,316,815
1,731,186
124,378
4,053,527
19,225,906
255,297,760
18,661,337
2,209,761
27,492,729
303,661,587
HALLS
Lawther
Campbell
Year Built
4,164
1,026,231
Total
APARTMENTS
HS Courts
1972
279
206,247
158.52
32,695,177
2,043,449
288,555
1,753,431
36,780,612
Jennings Courts
1972
40
28,946
166.66
4,824,103
301,506
42,329
254,456
5,422,394
Office
1972
0
7,093
166.59
1,181,648
73,853
9,859
ROTH
1993
323
96,245
271.91
26,170,282
1,635,643
231,093
1,360,501
29,397,519
PVI
2012
205
107,535
198.90
21,388,958
1,336,810
218,403
1,496,712
24,440,883
PVIII
2013
246
133,743
173.42
-
1,265,360
23,194,080
1,472,824
262,093
1,796,849
26,725,846
Total
1,093
579,809
109,454,248
6,864,085
1,052,332
6,661,949
124,032,614
Grand Total
5,257
1,606,040
364,752,008
25,525,422
3,262,093
34,154,678
427,694,201
8
Improvement Expenses
Operations Fund
Other DOR Funds
Improvement Fund
Subtotal
2008-09
2009-10
1,463,410
1,665,152
2010-11
1,510,984
2011-12
1,633,617
2012-13
1,458,376
2013-14
1,589,275
723
662
388
100
70
213
4,142,170
5,622,067
6,552,850
3,649,252
2,872,524
3,659,486
5,606,303
7,287,881
8,064,222
5,282,969
4,330,970
5,248,974
Construction Expenses
System Surplus Fund
798,293
685,872
3,484,644
2,382,128
1,443,982
9,808,113
20,474,576
11,604,790
700,914
798,293
10,493,985
23,959,220
13,986,918
2,144,896
8,086,174
18,558,207
29,242,189
18,317,888
7,393,870
Construction Funds
Subtotal
Total
5,606,303
9
FINANCIAL STATEMENT
Budget
Board Approved
2013-2014
2013-2014
Board Approved
2014-2015
Operations
Revenues
36,879,901
37,746,075
38,621,165
Expenditures for Operations
27,226,419
25,458,695
26,706,578
9,653,482
12,287,380
11,914,587
Net Revenues
% of Revenues
26.20%
32.60%
30.80%
6,769,415
6,769,415
6,749,590
330,000
330,000
330,000
2,554,067
5,187,965
4,834,997
6.90%
13.70%
12.50%
143%
182%
177%
730,660
686,467
717,664
2.70%
2.70%
2.70%
-
124,133
-
Improvement Fund
4,081,356
4,301,089
3,290,575
System Fund
3,950,591
8,187,935
10,012,829
8,031,947
12,613,156
13,303,404
Debt Service (due July 1)
Mandatory Transfers
Net After Debt Service & Mandatory Transfers
% of Revenues
Debt Service Coverage Ratio
University Overhead Payment
Overhead as % of Expenditures
Fund Balances (June 30)
Operation & Maintenance Fund
Subtotal--Voluntary Reserves
Sinking Fund
-
Bond Reserve Fund
6,115,950
Bond Construction Fund
-
6,115,951
6,115,951
-
6,115,950
6,115,951
6,115,951
14,147,897
18,729,107
19,419,355
30,521,239
31,352,086
32,452,710
396,000
694,095
455,894
5,962,662
5,699,895
5,712,561
Total Revenues
Expenditures for Operations
36,879,901
37,746,075
38,621,165
Salaries, Wages & Benefits
15,084,771
14,037,373
14,466,673
Cost of Food or Goods Sold
4,685,800
4,548,556
4,710,335
Other Operating Expense
3,495,073
2,647,490
2,854,599
Utilities
2,342,600
2,636,001
2,854,054
Repairs & Maintenance
1,618,175
1,589,275
1,820,917
Total Expenditures
27,226,419
25,458,695
26,706,578
369
384
385
Subtotal--Mandatory Reserves
Total Fund Balances (June 30)
Revenues and Expenditures Detail
Revenues
Contracts
Interest
Other Income
Estimated FTE
10
BOND PRINCIPAL AND INTEREST
Series
2010
2010A
2010B
2011
2012
Total
Bond Principal and Interest
Due in FY15
Interest
Principal
73,325
415,000
617,658
670,000
238,835
960,000
716,081
1,395,000
208,691
1,455,000
1,854,590
4,895,000
11
Principal Due
Future Years (FY16-33)
2,275,000
13,630,000
6,435,000
22,095,000
9,965,000
54,400,000
Appendix A
RESIDENT ASSESSMENT
Annual assessment, measured longitudinally and benchmarked nationally, affirms incredibly high levels of
student satisfaction with UNI housing facilities, dining services, and the residential experience provided.
Resident Satisfaction Factors
Five Year Comparison of Overall Satisfaction
12
Institutional Comparison
Overall Program Effectiveness
13