UNIVERSITY OF NORTHERN IOWA
CEDAR FALLS, IOWA
UNIVERSITY RESIDENCE SYSTEM
ANNUAL REPORT
Prepared for the Board of Regents, State of Iowa
October 2012
Carol Petersen
Interim Executive Director of Residence
Director of Dining
University of Northern Iowa
Annual Report
Table of Contents
Page
Executive Summary
3
Enrollment & Occupancy
5
2-Year Advantage Plan
5
Hall/Apartment Occupancy Compared to Design Capacity
6
Ten Year Room/Meal Plan Rates
6
Hall/Meal Rates Comparison with Comparable Institutions
6
Suite and Apartment Rate History
7
Improvement and Repair Expenditures
7
Financial Statement
8
2
Executive Summary
Leadership
This year there were significant changes to the Department of Residence senior
leadership team. Michael Hager, Assistant Vice President & Executive Director of
Residence was promoted to the Vice President for Administration and Financial
Services at UNI in January 2012. Carol Petersen, Director of Dining Services, is
currently serving as the interim until a new executive director is hired. Gary Daters,
retired in June from his position as Business Manager. Jean Wiesley, Assistant
Business Manager, is currently serving as interim until a new Business Manager is
hired. Joe Tripp-Reiks is also serving in an interim capacity leading Department of
Residence facilities operations after the resignation of Brent Ascher, Director of
Residence Facilities.
Financial performance
The Department of Residence had another strong year financially. Though occupancy
fell slightly, the “net after debt service and mandatory transfers” was not adversely
affected due to exceptional retention of students from fall to spring semester (up from
92 percent to 95 percent a year later) and lower than expected expenses. University
Dormitory Revenue Bonds Series UNI 2002 and Series UNI 2003 bonds were
refinanced and bundled with new monies needed for the Redeker Expansion, Phase II,
when revenue bonds were sold in April 2012. Adding this new money to the refunding
permitted a cost effective issuance of bonds for a small project.
Technology
StarRez housing and dining software system supported a high of service for online
contracting in the year following its implementation. Changes made to the recontracting
process were well received by students and staff. This coming year, StarRez portal
upgrades will improve online room condition reports.
The replacement of infrastructure supporting ResNet, the computer network providing
internet service for residential students and staff, was successfully completed by the
end of fall semester 2011. By the end of spring semester, the wireless network was
successfully installed in all residence buildings for student use. Fall 2012, the
Department of Residence purchased additional bandwidth to expand ResNet capacity
to 1 GB, increasing Internet speed for students living on on-campus communities.
Wireless Internet access and Internet speed are associated with student satisfaction.
Recognition
The University of Northern Iowa was honored as the recipient of the “2012 MAP-Works
Excellence Award-Marketing” by EBI--Map-Works, in the large campus category.
Residence life staff members from the Department of Residence were instrumental in
achieving the 92 percent response rate from first-year students for the MAP-Works
survey project. Longtime staff member, Drake Martin, received the Robert E. Mosier
Professional Enrichment Award at the 2011 UMR-ACUHO Conference. This award
recognizes an individual in the Upper Midwest Region who has made outstanding
contributions to the professional development of colleagues in college student housing.
3
Rates
The rate increase for 2012-13 matches the lowest increase in the past 35 years for the
second time in 5 years. Room and board rates remain a good value at UNI. The rate
advantage of UNI over peer schools’ rates has increased dramatically due to the most
recent small rate increase.
Allocations
Healthy net revenues allowed the Department of Residence to allocate significant funds
to improvements and repairs again this year. Fire safety sprinkler projects continue as
planned for Rider Hall (2012), Panther Village Phase II ( 2013) and Noerhen Hall
(2014). Total gross square footage was reduced due to the demolition of Campus
Courts.
Housing and dining expansion
The opening and dedication of Panther Village, Phase I, home to 204 UNI students, was
an exciting event for the campus this fall. The contracting for Phase 1 occurred in
February 2012 and filled in less than 48 hours. The popularity of Panther Village is
evidence that students want to live on campus as juniors and seniors if appropriate
housing is provided. Panther Village, Phase 2, is on schedule to open in Fall 2013 with
246 beds.
In addition, Redeker Center expansion will accommodate additional students living on
the south side of campus; it is scheduled for completion by August 2013.
4
Enrollment & Occupancy
Enrollment
Level
New freshmen
All freshmen
Sophomores
Lower Division (FR & SO)
Upper Division (JR & SR)
All Undergraduate
Total Enrollment
Fall 2010
1,978
2,340
2,181
4,521
6,611
11,391
13,201
Level
New freshmen
All freshmen
Sophomores
Lower Division (FR & SO)
Upper Division (JR & SR)
All Undergraduate
Total Occupancy
Fall 2010
1,834
1,972
1,230
3,202
1,046
4,248
4,428
Fall 2011
1,937
2,398
2,203
4,601
6,419
11,406
13,168
Fall 2012
1,704
2,091
2,096
4,187
6,326
10,513
12,273
Change 11 to 12
(233)
(12.0%)
(307)
(12.8%)
(107)
(4.9%)
(414)
(9.0%)
(93)
(1.4%)
(893)
(7.8%)
(895)
(6.8%)
Fall 2012
1,605
1,753
1,213
2,966
989
3,955
4,123
Change 11 to 12
(193)
(10.7%)
(188)
(9.7%)
(50)
(4.0%)
(238)
(7.4%)
(1.2%)
(18)
%
(256)
(6.1%)
(236)
(5.4%)
Occupancy
Fall 2011
1,798
1,941
1,263
3,204
1,007
4,211
4,359
Occupancy as a Percent of Enrollment
Level
New freshmen
All freshmen
Sophomores
Lower Division (FR & SO)
Upper Division (JR & SR)
All Undergraduate
Total Occupancy
Fall 2010
92.7%
84.3%
56.4%
70.8%
15.8%
37.3%
33.5%
Fall 2011
92.8%
80.9%
57.3%
69.6%
15.7%
36.9%
33.1%
Fall 2012
94.2%
83.8%
57.9%
70.8%
15.6%
37.6%
33.6%
Change 11 to 12
1.4%
2.9%
0.6%
1.2%
(0.1%)
0.7%
0.5%
Students on 2-Year Advantage Plan
First year participants
Second year participants
Total
Fall 2010
1,213
992
2,205
Fall 2011
1,342
971
2,313
Fall 2012
1,150
1,072
2,222
Change 11 to 12
(192)
(14.3%)
101
10.4%
(91)
(3.9%)
5
Hall and Apartment Occupancies Compared to Capacity
Fall 2010
Fall 2011
Fall 2012
Capacity
Occupancy
Capacity
Occupancy
Capacity
Occupancy
368
595
582
595
398
447
711
424
278
211
349
590
523
586
383
432
631
415
305
214
368
595
582
595
398
447
711
424
278
211
322
570
567
576
342
385
695
394
299
209
0
595
582
595
398
432
711
423
278
419
0
573
551
564
299
357
678
379
296
225
277
40
48
0
265
39
45
0
277
40
0
0
230
36
0
0
277
40
0
204
253
37
0
201
Residence Halls
Bartlett
Bender
Campbell
Dancer
Hagemann
Lawther
Noehren
Rider
ROTH
Shull
Apartments
Hillside Courts
Jennings Courts
College Courts
Panther Village
Ten Year Room & Meal Rates
Double Room/19 Meal Contracts
Academic Year
Year
2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
Rate
$4,918
$5,261 *
$5,519 *
$5,740 *
$6,268 *
$6,790 *
$6,980 *
$7,120 *
$7,426 *
$7,597 *
* Students participating in the 2-Year Advantage Plan are paying previous year’s rates.
Comparable Peer Universities Rate Comparison
Double Occupancy, Full Meal Plan
2010-11
$9,492
$8,636
$8,092
$8,109
$7,846
$7,416
2011-12
$10,704
$8,846
$8,212
$8,347
$8,119
$7,652
2012-13
$11,672
$9,364
$8,376
$8,619
$10,705
$8,726
Meal Plan
20 Meals per week
Unlimited
Unlimited
Blue Plan
14 Flex or 19
19 Meals per week
UNI
$7,120
$7,426
$7,597
19 Meals per week
University of North Texas
UNC, Greensboro
U of Minnesota, Duluth
U W Eau Clair
Average (mean) without UNI
UNI under(over) average
$6,911
$6,389
$6,422
$5,770
$7,299
$319
$7,086
$6,582
$6,614
$5,950
$7,811
$385
$7,345
$7,412
$7,194
$6,182
$8,560
$963
7 day meal plan
Unlimited
Unlimited
All Access
1
2
3
4
5
6
Ohio University, Athens
Illinois State
Central Michigan
Indiana State
Cal State, Fresno
Northern Arizona
7
8
9
10
0
11
6
Apartment Rents (per academic year)
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
2010-11
2011-12
2012-13
$3,640
$4,680
$5,200
$3,850
$4,915
$5,416
$3,850
$4,915
$5,416
$5,180
$5,400
$5,400
$3,073
$4,246
$3,621
$3,621
$4,435
$3,226
$4,458
$3,796
$3,796
$4,656
$3,280
$4,540
$3,863
$3,863
$4,743
$7,140
$6,540
$5,940
Improvement and Repair Expenditures for Facilities in Operation
Total Gross Square Footage
Total Building Insurance
Total Improvement And Repair Expenditures
Expenditures Per Gross Square Foot
Expenditures As A Percent Of Replacement Value
2009-10
1,487,830
$308,852,999
$7,333,894
$4.93
2.37%
2010-11
1,487,830
$316,574,324
$7,393,716
$4.97
2.34%
2011-12
1,443,072
$307,050,944
$4,394,454
$3.04
1.43%
7
Fiscal Year
Fiscal Year
Change
2011
2012
2011 to 2012
Revenue
37,083,719
38,561,780
1,478,061
Expenditures
24,865,282
25,825,875
960,593
12,218,437
12,735,905
517,468
(Modified Accrual Basis)
Net Revenue
% of Revenues
Debt Service (Due July 1)
% of Revenues
Net Operating Ratio (%)
32.9%
4,317,379
33.0%
4,839,001
0.1%
521,622
11.6%
12.5%
0.9%
283%
263%
-19.8%
(Net Operating Revenue to Debt Service)
Net Revenue After Debt Service
% of Revenues
Mandatory Transfers to Reserves
7,901,058
21.3%
330,000
% of Revenues
Net After Debt Service & Mandatory Transfers
% of Revenues
0.9%
7,571,058
20.4%
7,896,904
20.5%
330,000
0.9%
7,566,904
19.6%
Principal Due
Principal Due
7/1/2012
Future Years
(4,154)
-0.8%
0.0%
(4,154)
-0.8%
Bond Principal Due as of June 30
2002 Refunding
545,000
-
Bond Series 2003
435,000
-
2010 Refunding
395,000
3,505,000
Bond Series 2010A
610,000
15,580,000
Bond Series 2010B
900,000
9,260,000
Bond Series 2011
-
24,870,000
Bond Series 2012
-
13,810,000
2,885,000
67,025,000
Revenue, Operation & Maintenance Fund
2,439,060
2,202,121
(236,939)
Improvement Fund
6,722,108
4,548,255
(2,173,853)
Surplus Fund
7,116,051
8,380,435
1,264,384
16,277,219
15,130,811
(1,146,408)
Sinking Fund
2,791,565
3,154,641
363,076
Bond Reserve Fund
4,850,711
6,115,951
1,265,240
Construction Funds
5,416,160
13,175,704
7,759,544
Subtotal - Mandatory Fund Balances
13,058,436
22,446,296
9,387,860
TOTAL CASH & INVESTMENT BALANCES
29,335,655
37,577,107
8,241,452
CASH & INVESTMENT BALANCES (as of June 30)
VOLUNTARY FUNDS
Subtotal - Voluntary Fund Balances
MANDATORY FUNDS
Note: Unaudited financial statements FY11 and FY12
8