BOISE STATE UNIVERSITY HOUSING & RESIDENCE LIFE AND DINING RATE PROPOSAL FY 15

BOISE STATE UNIVERSITY HOUSING & RESIDENCE LIFE AND DINING RATE PROPOSAL FY 15 Boise State Housing & Residence Life is proposing an increase of residence hall rates of 5% and apartment rates of 2%. For current and proposed residence hall and apartment rates, please see Tables A & B. This rate increase will offset increases for direct expenses such as debt service, utilities, supplies, employee benefits, capital projects and the Administrative Service Charge (Table C). Increases in expense projections are based on best available information provided by the University Budget Office and Architectural & Engineering Services. Additionally, industry standard and departmental practice is to return at least 1% of revenue to reserves for long-term growth, unforeseen circumstances, and to cover debt in planned deficit years. Housing & Residence Life has re-examined plans for capital projects to be funded from reserves over the next several years, with emphasis placed primarily upon life safety upgrades, updating the wireless internet infrastructure, scheduled mechanical efficiencies, and preserving the longevity/viability of our residential facilities. The department is committed to ensuring safe and secure facilities where student academic success is a priority; while responsibly planning for short and long-term building and programming needs, as well as facilities-related emergencies. Boise State Dining proposes a $100.00 (6%) increase to each residential meal plan. Further, proposed increases for the commuter meal plans are listed in Table D. There was no increase for FY14 for residential meal plans. Since the last price increase, meal equivalency options were added at Panda Express, the Wilk POD, and Subway as well as all plans were provided an additional $50 in flex dollars. These changes were made at the request of the University Housing Association students and with their support of the price increase. Two year cost increases paid to ARAMARK for the existing plans (9.4% for 19-meal plan and 8.5% for remaining plans) are based on Consumer Price Index (CPI) increases in food costs and labor, and the additional costs to increase the meal equivalency options and flex dollars. Boise State University Housing/Residence Life and Dining conduct price comparisons of room and board rates with peer institutions as well as other Idaho state institutions. These comparisons provide us with a trend and benchmark to ensure our residence hall rates and meal plan pricing stays competitive. As we have seen in past years, both our residence hall rates and dining plan pricing continue to be below the benchmarks. (Tables E& F reflect the institutional comparisons for building the rate request). Furthermore, Boise State University apartment rental rates are currently below local market rates and have not increased in 5 years. 1

TABLE A PROPOSED RESIDENCE HALL RATES FOR FY15 RESIDENCE HALL ROOM TYPE FY14 FY 15 = 5% INCREASE Chaffee A/B double room/community bath $2,964 $3,112 Chaffee D double room/shared bath $3,674 $3,862 Chaffee A/B single/community bath $3,724 $3,890 Morrison/Driscoll single/community bath $4,604 $4,832 Morrison/Driscoll double/community bath $3,674 $3,862 Keiser/Taylor single/shared bath $4,904 $5,152 Keiser/Taylor double/shared bath $3,924 $4,122 Towers double/shared bath $2,964 $3,122 Clearwater Suites single/shared bath $4,904 $5,149 Clearwater Suites efficiency single/shared bath $4,434 $4,656 Payette & Selway Suites single/shared bath $5,250 $5,510 Payette & Selway Suites efficiency single/shared bath $4,780 $5,020 Yale double/shared bath $4,750 $4,988 Lincoln single/private bath $5,510 $5,790 Lincoln single/shared bath $5,300 $5,570 NOTE: Rates are combined for fall and spring terms and do not include summer housing. TABLE B PROPOSED APARTMENT RATES for FY15 APARTMENT COMPLEX FY14 FY15 = 2% INCREASE (12 month lease) (12 month lease) University Heights & Manor (1 BR) $480 $490 University Heights & Manor (2 BR) $500 $510 University Park (2 BR) $550 $560 University Square (2 BR) $720 $735 University Village (2 BR) $630 $645 2

TABLE C REVENUE/EXPENSE PROPOSAL FOR FY15 Assumptions for FY15 Increase from FY14 Salary percentage increase 2% Variable Fringe percentage decrease 22% Health Insurance increase per employee (47 HRL employees) $10,550 Utilities weighted average 3.63% Inflation 1% Administrative Service Charge 0% Residence Hall Room Rate Increase %5 Apartment Rent Increase %2 Projected Revenue in FY15 Ticket Sales & Event Revenue $12,175 Refund of Revenue ($100,821) Sales & Service Revenue $13,299 Facility Usage and Rent $10,416,983 Other Revenue $31,174 Total Projected Revenue $10,372,810 Projected Expenses in FY15 Salaries $1,967,864 Fringe $834,026 Utilities $1,128,127 Debt Service $3,342,988 Administrative Service Charge $485,110 Other O&E $1,705,656 Total Projected Expenses $9,463,771 Projected Reserves Net Income $909,038 Carry Forward $3,578,336 Budgeted Reserve Before Capital Draws $4,487,374 Apartment wireless upgrade $145,000 Selway Suites B update $100,500 Chaffee fire panel upgrade $107,000 Other Capital Projects $972,987 Budgeted Reserve Balance after Capital Expense $3,161,887 3

TABLE D PROPOSED INCREASES IN MEAL PLANS Residential plans These plans are available to all students regardless of living on/off campus (required of students residing in Chaffee, Driscoll, Keiser, Morrison, Taylor, and Towers Halls; as well as all First Year students living on campus in any other locations). $1650/semester plus State sales tax (increase of $100 over FY13&14) 14 meals per week/$175 flex 12 meals per week/$225 flex 10 meals per week/$375 flex The above three plans only allow one swipe per meal period All plans increased $50 in flex dollars over previous year. $1750/semester plus State sales tax (increase of $100 over FY13&14) 19 meals per week/$50 flex Plan increased $50 in flex dollars over previous year. $1750/semester plus State sales tax (increase of $100 over FY13&14) 5 day all access/$175 flex This plan allows students to enter the BRC as many times as they want during operation hours Monday-Friday. Plan increased $50 in flex dollars over previous year. $1850/semester plus State sales tax (increase of $100 over FY13&14) 7 day all access This plan allows students to enter the BRC as many times as they want during operational hours Monday- Sunday. Plan increased $50 in flex dollars over previous year. Guests All students buying residential plans also receive 16 guest meals each semester. These will be set up in a separate plan number and can be used at any time throughout the semester without restrictions on how many can be used at any given meal period. Students with residential meal plans can purchase an additional 16 guest meals for $115. BRC hours Monday Friday Breakfast 7:15 a.m. 10:15 a.m. Lunch 11:00 a.m. - 2:00 p.m. Afternoon 2:00 p.m. - 5:00 p.m. Dinner 5:00 p.m. - 8:00 p.m. Saturday/Sunday Brunch 10:30 a.m. 2:00 p.m. Dinner 4:00 p.m. - 8:00 p.m. Commuter plans Plus State sales tax expire one year from date of purchase Buster Bronco Plan: $425-45 BRC meals and $75 Flex Dollars (increase of $10 over FY 14) Blue Plan: $355-45 BRC meals (increase of $10 over FY14) Orange Plan: $175-22 BRC meals (increase of $5 over FY14) 10 Spot: $81-10 BRC meals (increase of $2 over FY14) 5 Spot: $43-5 BRC meals (increase of $1 over FY14) Discount option Students can purchase $100 flex at a discounted rate of $90 4

TABLE E FY 14 RATE COMPARISONS WITH PEER/REGIONAL INSTITUTIONS Double room/ community bathroom Double room in suite, shared bathroom Single room in suite, shared bathroom Single room in townhouse, shared bathroom Selected List of Similar Peer & Regional Institutions Boise State University $3,724 $3,808 $4,904 $5,510 Brigham Young $2,950 $3,351 $2,850 N/A California State University Fresno $4,595 $5,820 $6,058 $6,935 Eastern Washington University $4,887 $5,864 $5,787 N/A George Mason University $5,690 $6,940 $7,650 N/A Georgia State University N/A $4,190 $6,190 $7,214 Idaho State University $2,550 N/A $3,450 $6,882 Indiana - Purdue University Indianapolis N/A $6,422 $4,746 $6,882 Portland State University $4,040 N/A $8,908 N/A University of Akron N/A $6,622 $6,956 N/A University of Idaho $4,250 $4,877 $6,394 N/A University of Missouri Kansas City N/A $6,327 $5,869 $7,000 University of Montana $3,328 N/A $4,688 N/A University of Nebraska Omaha $5,880 N/A $7,040 N/A University of Nevada Reno $4,750 $6,100 $6,200 N/A University of Oregon $6,652 N/A $8,908 N/A University of Washington $5,550 N/A $10,233 $3,520 Utah State University $1,920 $2,743 $3,420 $4,018 Weber State University $3,150 $3,276 $4,018 N/A TABLE F FY 14 MONTHLY RENT COMPARISONS WITH LOCAL APARTMENT COMPLEXES Selected List of Local Apartment Complexes One Bedroom, One Bathroom Two Bedroom, One Bathroom Three Bedroom, One Bathroom Boise State University Heights $480 $500 N/A Boise State University Manor $480 $500 N/A Boise State University Park N/A $550 $680 Boise State University Square N/A $720 N/A Boise State University Village N/A $630 N/A Civic Plaza $575 $675 N/A Creek Bend $643 N/A N/A Eagle Pointe N/A $690 N/A Reflections $665 $770 N/A Morrison Park $680 N/A N/A River Walk $715 $850 $915 Spring Creek $800 $975 N/A 5

University Housing Association Boise State University January 24, 2014 To the Executive Budget Committee: University Housing Association would like to express our support for the housing and meal plan fee increases in order to supplement the budget in order to better prepare for the future and the costs incurred throughout the past two years, seeing as there was no increase this fiscal year. When speaking to current students, the rates were well received and the proposed changes, specifically in regards to the meal plans. The proposed changes are changes that University Housing Association is in agreement with and believe that the results will be positive. Having met with Dean Kennedy and Carol Scott, we are confident that they have the students best interests in mind. If you have any questions or concerns, please feel free to contact me. Megan Bu on University Housing Association President meganbuxton@u.boisestate.edu 208-629-6231

University Dining FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Total Revenue 4,189,025 4,272,806 4,358,262 4,445,427 4,534,335 4,625,022 4,717,523 4,811,873 4,908,110 5,006,273 5,106,398 Total Salaries 77,294 78,067 78,848 79,636 80,432 81,237 82,049 82,870 83,698 84,535 85,381 Benefits 29,559 29,985 30,418 30,858 31,306 31,760 32,222 32,691 33,168 33,653 34,145 Total Salaries & Benefits 106,853 108,052 109,266 110,494 111,738 112,997 114,271 115,561 116,866 118,188 119,526 Travel and Entertainment 4,300 4,343 4,386 4,430 4,475 4,519 4,565 4,610 4,656 4,703 4,750 Communication Services - - - - - - - - - - - Freight, Printing and Copying - - - - - - - - - - - Employee Development 600 606 612 618 624 631 637 643 650 656 663 Miscellaneous Services - - - - - - - - - - - Professional Services - - - - - - - - - - - Repairs and Maintenance Agreements - - - - - - - - - - - Repair and Maintenance Supplies - - - - - - - - - - - Vehicle Supplies - - - - - - - - - - - Computer Services - - - - - - - - - - - Office Supplies and Equipment - - - - - - - - - - - Computer - - - - - - - - - - - Food, Clothing and Laundry 3,024,824 3,085,320 3,147,027 3,209,967 3,274,167 3,339,650 3,406,443 3,474,572 3,544,063 3,614,945 3,687,244 Janitorial - - - - - - - - - - - Vehicles and Equipment - - - - - - - - - - - Education - - - - - - - - - - - Photo and Video - - - - - - - - - - - Recreational Supplies and Equipment - - - - - - - - - - - Medical Supplies and Equipment - - - - - - - - - - - Supplies and Equipment - - - - - - - - - - - Insurance - - - - - - - - - - - Utilities - - - - - - - - - - - Leases and Rent - - - - - - - - - - - Miscellaneous Expense 165,243 192,500 203,000 232,500 240,000 260,000 262,600 265,226 267,878 270,557 273,263 Special Codes - - - - - - - - - - - Cost of Goods Sold - - - - - - - - - - - Total Other Expenses 3,301,820 3,198,322 3,261,291 3,325,510 3,391,004 3,457,797 3,525,915 3,595,386 3,666,236 3,738,492 3,812,182 Capital Outlay - - - - - - - - - - - Total Expense 3,301,820 3,198,322 3,261,291 3,325,510 3,391,004 3,457,797 3,525,915 3,595,386 3,666,236 3,738,492 3,812,182 Operating Income 887,205 1,074,484 1,096,970 1,119,916 1,143,332 1,167,225 1,191,607 1,216,487 1,241,875 1,267,781 1,294,216 Surplus Transfers (760,000) (760,000) (760,000) (760,000) (760,000) (760,000) (760,000) (760,000) (760,000) (760,000) (760,000) Net Income (Loss) 127,205 314,484 336,970 359,916 383,332 407,225 431,607 456,487 481,875 507,781 534,216 Beginning Fund Balance 962,921 470,126 724,609 941,580 81,496 304,828 92,053 (696,340) (299,853) 62,022 449,803 Capital Expenditures 620,000 60,000 120,000 1,220,000 160,000 620,000 1,220,000 60,000 120,000 120,000 570,000 Ending Fund Balance 470,126 724,609 941,580 81,496 304,828 92,053 (696,340) (299,853) 62,022 449,803 414,019 Assumptions: 1. Income an increase in FY15 of 6% and FY16 Thru FY25 increased by 2% annually 2. Salaries FY15 a 2% increase and FY16 thru FY25 increased by 1% increase annually 3. Benefits - FY15 health care cost $10,550 per FTE and 22% for variable portion, a 2% increase per year on fixed portion for FY16 - FY25 4. All other Operating Expenses a 1% annually increase for FY16 - FY25, except food which is a 2% annual increase for FY16-FY25 5. Projects - Capital Outlay see Summary Capital Budget Tab

Boise State Housing and Residential Life 10- year operating plan proposed Res Hall Rate increase 5% 4% 3% 2% 2% 2% 2% 2% 2% 2% proposed Apartment Rate increase 2% 1% 2% 1% 2% 1% 2% 1% 2% 1% FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Budget Total Revenue 10,372,809 10,709,372 10,996,896 11,190,002 11,406,275 11,606,834 11,831,291 12,039,595 12,272,553 12,488,905 Total Salaries 1,967,864 1,987,543 2,007,418 2,027,492 2,047,767 2,068,245 2,088,927 2,109,817 2,130,915 2,152,224 Benefits 834,026 921,327 930,540 939,845 949,244 958,736 968,324 978,007 987,787 997,665 Total Salaries & Benefits 2,801,890 2,908,870 2,937,958 2,967,338 2,997,011 3,026,981 3,057,251 3,087,824 3,118,702 3,149,889 Travel and Entertainment 44,078 44,519 44,964 45,414 45,868 46,327 46,790 47,258 47,730 48,208 Communication Services 156,709 158,276 159,858 161,457 163,072 164,702 166,349 168,013 169,693 171,390 Freight, Printing and Copying 17,426 17,601 17,777 17,954 18,134 18,315 18,498 18,683 18,870 19,059 Employee Development 14,765 14,913 15,062 15,213 15,365 15,519 15,674 15,831 15,989 16,149 Miscellaneous Services 189,303 191,196 193,108 195,039 196,989 198,959 200,949 202,958 204,988 207,038 Professional Services 1,723 1,741 1,758 1,776 1,793 1,811 1,829 1,848 1,866 1,885 Repairs and Maintenance Agreements 467,233 471,906 476,625 481,391 486,205 491,067 495,978 500,937 505,947 511,006 Repair and Maintenance Supplies 138,102 139,483 140,878 142,287 143,709 145,147 146,598 148,064 149,545 151,040 Vehicle Supplies 3,523 3,559 3,594 3,630 3,666 3,703 3,740 3,778 3,815 3,853 Computer Services 3,868 3,906 3,946 3,985 4,025 4,065 4,106 4,147 4,188 4,230 Office Supplies and Equipment 33,110 33,441 33,776 34,114 34,455 34,799 35,147 35,499 35,854 36,212 Computer 56,248 56,810 57,378 57,952 58,532 59,117 59,708 60,305 60,908 61,517 Food, Clothing and Laundry 224,258 226,501 228,766 231,054 233,364 235,698 238,055 240,435 242,840 245,268 Janitorial 61,244 61,856 62,475 63,099 63,730 64,368 65,011 65,661 66,318 66,981 Vehicles and Equipment 29,104 29,395 29,689 29,986 30,286 30,588 30,894 31,203 31,515 31,830 Education 7,851 7,929 8,008 8,088 8,169 8,251 8,334 8,417 8,501 8,586 Photo and Video 28 29 29 29 29 30 30 30 31 31 Recreational Supplies and Equipment 4,669 4,716 4,763 4,810 4,858 4,907 4,956 5,006 5,056 5,106 Medical Supplies and Equipment 1,276 1,289 1,301 1,314 1,328 1,341 1,354 1,368 1,381 1,395 Supplies and Equipment 12,042 12,162 12,284 12,407 12,531 12,656 12,783 12,911 13,040 13,170 Insurance - - - - - - - - - - Utilities 1,128,127 1,161,971 1,196,830 1,232,735 1,269,717 1,307,808 1,347,042 1,387,454 1,429,077 1,471,950 Leases and Rent 73,712 74,449 75,194 75,946 76,705 77,472 78,247 79,029 79,820 80,618 Miscellaneous Expense 3,844,904 4,526,993 4,594,952 4,681,381 4,679,730 4,677,490 4,384,159 4,381,950 4,355,263 4,376,556 Special Code - - - - - - - - - - Cost of Goods Sold - - - - - - - - - - Total Operating Expenses 9,315,193 10,153,508 10,300,972 10,468,397 10,549,272 10,631,122 10,423,483 10,508,608 10,570,937 10,682,967 Capital Outlay 148,578 150,064 151,565 153,081 154,611 156,157 157,719 159,296 160,889 162,498 Total Expense 9,463,771 10,303,572 10,452,537 10,621,478 10,703,883 10,787,279 10,581,202 10,667,904 10,731,826 10,845,465 Surplus Transfers - Net Income(Loss) 909,038 405,799 544,359 568,524 702,392 819,555 1,250,089 1,371,691 1,540,727 1,643,440 Beginning Fund Balance 3,578,336 3,361,887 2,982,671 2,802,473 2,232,390 1,974,707 1,831,267 2,301,286 2,536,557 3,114,189 Net Income 909,038 405,799 544,359 568,524 702,392 819,555 1,250,089 1,371,691 1,540,727 1,643,440 Capital Projects 1,125,487 785,015 724,557 1,138,607 960,075 962,995 780,070 1,136,420 963,095 698,045 Ending Fund Balance 3,361,887 2,982,671 2,802,473 2,232,390 1,974,707 1,831,267 2,301,286 2,536,557 3,114,189 4,059,584