UNIVERSITY OF NORTHERN IOWA
CEDAR FALLS, IOWA
UNIVERSITY RESIDENCE SYSTEM
ANNUAL REPORT
Prepared for the Board of Regents, State of Iowa
October 2011
Michael Hager
Assistant Vice President for Student Affairs
Executive Director of Residence
University of Northern Iowa
Annual Report
Table of Contents
Page
Executive Summary
3
Enrollment & Occupancy
4
2-Year Advantage Plan
4
Hall/Apartment Occupancy Compared to Design Capacity
5
Ten Year Room/Meal Plan Rates
5
Hall/Meal Rates Comparison with Comparable Institutions
5
Suite and Apartment Rate History
6
Improvement and Repair Expenditures
6
Financial Statement
7
2
Executive Summary
StarRez, ResNet,
This past year, significant efforts were allocated towards the implementation of new
contracting and billing software system for housing and dining. The University Of
Northern Iowa Department Of Residence led the initiative with the University of Iowa to
jointly purchase the same software package, allowing for savings for both institutions.
StarRez software was utilized with the incoming students for the 2011-12 fiscal year.
The staff team charged with the planning, design, and implementation of the software
were exemplary. Their dedication and thoroughness in the planning and testing stages
allowed for an excellent implementation.
The infrastructure supporting ResNet, the computer network providing Internet for
residential students, was completely replaced during the summer of 2011. This $2.4M
project replaced switches, routers, and other equipment that was twelve years old, well
past the normal life span of such equipment. Labor savings and time savings were
realized using students to help install and test equipment. The equipment purchased will
also support the addition of a wireless network through all residence halls. The
infrastructure was installed during the summer, with access points and addition
programming underway at the beginning of the 2011 Fall semester. It is anticipated the
wireless network will be available to student in October 2011.
The Department of Residence was honored with the University’s sustainability award in
recognition for the all hall recycling program as well as the many years of sustainability
efforts. For the second year in a row, a DOR staff member was also recognized with a
Diversity award for positive contributions to the university community.
Financially, the “net after debt service and mandatory transfers” declined slightly after
many years of positive trending. This decline was expected as a result of choosing to
begin full bond payments for Panther Village new construction rather than pay interest
only. Because no revenue was realized from Panther Village during the construction
period, the bond payment lowered net. As a result of available cash to begin the full
bond payment now, this should be a wise decision for the long term allowing for lower
interest payments and sooner retirement of the outstanding bonds.
The difference between UNI and the peer schools rates increased positively.
Increasing net revenues have been allocated to improvements and repairs, boosting the
ratio of expenditures as a percent of replacement value. This increasing trend has
allowed for progress in addressing deferred maintenance in the residence halls and is
well beyond the 1% rule of thumb.
The campus is excited about the construction of Panther Village. Contracting for phase
1 will occur in February 2012, while Phase 2 will begin significant construction this year.
In addition, an expansion to Redeker Dining Center will be planned to accommodate
increased occupancy in Shull Hall and Panther Village.
3
Enrollment & Occupancy
Enrollment
Level
New freshmen
All freshmen
Sophomores
Lower Division (FR & SO)
Upper Division (JR & SR)
All Undergraduate
Total Enrollment
Fall 2009
1,946
2,377
2,214
4,591
6,453
11,294
13,080
Level
New freshmen
All freshmen
Sophomores
Lower Division (FR & SO)
Upper Division (JR & SR)
All Undergraduate
Total Occupancy
Fall 2009
1,785
1,982
1,249
3,231
1,004
4,268
4,369
Fall 2010
1,978
2,340
2,181
4,521
6,611
11,391
13,201
Fall 2011
1,937
2,398
2,203
4,601
6,419
11,406
13,168
Change 10 to 11
(41)
(2.1%)
58
2.5%
22
1.0%
80
1.8%
(192)
(2.9%)
15
0.1%
(33)
(0.2%)
Fall 2011
1,798
1,941
1,263
3,204
1,007
4,211
4,359
Change 10 to 11
(36)
(2.0%)
(31)
(1.6%)
33
2.7%
2
0.1%
(3.7%)
(39)
%
(37)
(0.9%)
(69)
(1.6%)
Occupancy
Fall 2010
1,834
1,972
1,230
3,202
1,046
4,248
4,428
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 2009
91.7%
83.4%
56.4%
70.4%
15.6%
37.8%
33.4%
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%
Change 09 to 10
0.1%
(3.4%)
0.9%
(1.2%)
(0.1%)
(0.4%)
(0.4%)
Students on 2-Year Advantage Plan
First year participants
Second year participants
Total
Fall 2009
1,213
1,007
2,220
Fall 2010
1,213
992
2,205
Fall 2011
1,342
971
2,313
Change 10 to 11
129
10.6%
(21)
(2.1%)
108
4.9%
4
Hall and Apartment Occupancies Compared to Capacity
Fall 2009
Fall 2010
Fall 2011
Capacity
Capacity
Capacity
Occupancy
Capacity
Occupancy
368
595
582
595
398
447
711
424
278
211
345
590
513
575
369
426
640
394
275
242
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
277
40
48
267
37
46
277
40
48
265
39
45
277
40
0
230
36
0
Residence Halls
Bartlett
Bender
Campbell
Dancer
Hagemann
Lawther
Noehren
Rider
ROTH
Shull
Apartments
Hillside Courts
Jennings Courts
College Courts
Ten Year Room & Meal Rates
Double Room/19 Meal Contracts
Academic Year
Year
2002-03
2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
Rate
$4,640
$4,918
$5,261 *
$5,519 *
$5,740 *
$6,268 *
$6,790 *
$6,980 *
$7,120 *
$7,426 *
* Students participating in the 2-Year Advantage Plan are paying previous year’s rates.
Comparable Peer Universities Rate Comparison
Double Occupancy, Full Meal Plan
2009-10
$9,408
$8,374
$7,896
$7,820
$7,577
$7,278
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
Meal Plan
20 Meals per week
19 meal plan
Unlimited
Blue Plan
14 Flex or 19
19 Meals per week
1
2
3
4
5
6
Ohio University, Athens
Illinois State
Central Michigan
Indiana State
Cal State, Fresno
Northern Arizona
7
UNI
$6,980
$7,120
$7,426
19 Meals per week
8
9
10
0
11
University of North Texas
UNC, Greensboro
U of Minnesota, Duluth
U W Eau Clair
Average (mean) without UNI
UNI under(over) average
$6,535
$6,293
$6,176
$5,630
$7,003
$213
$6,911
$6,389
$6,422
$5,770
$7,299
$319
$7,086
$6,582
$6,614
$5,950
$7,811
$385
7 day meal plan
The Rock - 200
19 Meals per week
All Access
5
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
2008-09
2009-10
2010-11
$3,565
$4,590
$5,185
$3,640
$4,680
$5,200
$3,850
$4,915
$5,416
$5,080
$5,180
$5,400
$3,038
$4,106
$3,571
$3,571
$4,295
$3,073
$4,246
$3,621
$3,621
$4,435
$3,226
$4,458
$3,796
$3,796
$4,656
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
2008-09
1,487,830
$308,015,174
$5,476,885
$3.68
1.78%
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%
6
Financial Statement
Fiscal Year
2010
Fiscal Year
2011
Change
2010 to 2011
36,584,557
25,008,179
37,083,719
24,865,282
499,162
(142,897)
11,576,378
31.6%
3,280,804
9.0%
352.9%
12,218,437
32.9%
4,317,379
11.6%
283.0%
642,059
1.3%
1,036,575
2.7%
-69.8%
Net Revenue After Debt Service
% of Revenues
Mandatory Transfers to Reserves
% of Revenues
8,295,574
22.7%
330,000
0.9%
7,901,058
21.3%
330,000
0.9%
(394,516)
-1.4%
0.0%
Net After Debt Service & Mandatory Transfers
% of Revenues
7,965,574
21.8%
7,571,058
20.4%
(394,516)
-1.4%
Principal Due
7/1/2011
Principal Due
Future Years
525,000
420,000
355,000
600,000
-
4,430,000
6,590,000
3,900,000
16,190,000
10,160,000
1,900,000
41,270,000
2,031,043
4,204,889
5,599,960
514,386
4,899,222
6,935,115
11,835,892
12,348,723
512,831
3,377,590
-
4,850,711
5,375,849
1,473,121
5,375,849
3,377,590
10,226,560
6,848,970
15,213,482
22,575,283
7,361,801
(Modified Accrual Basis)
Revenue
Expenditures
Net Revenue
% of Revenues
Debt Service (Due July 1)
% of Revenues
Net Operating Ratio (%)
(Net Operating Revenue to Debt Service)
Bond Principal Due as of June 30
2002 Refunding
Bond Series 2003
2010 Refunding
Bond Series 2010A
Bond Series 2010B
CASH & INVESTMENT BALANCES (as of June 30)
VOLUNTARY FUNDS
Revenue, Operation & Maintenance Fund
Improvement Fund
Surplus Fund
Subtotal - Voluntary Fund Balances
MANDATORY FUNDS
Sinking Fund
Bond Reserve Fund
Construction Funds
Subtotal - Mandatory Fund Balances
TOTAL CASH & INVESTMENT BALANCES
(1,516,657)
694,333
1,335,155
Note: Audited financial statements - FY10. Unaudited financial statements - FY11.
7