FOUNDATION NEWS Summer specials available at Jamba Juice for a limited time! page 5 June 2016
PUBLISHED BY: Cal Poly Pomona Foundation. Inc. Ph: 909.869.2912 Fx: 909.869.4549 WHAT YOU SPEND ON CAMPUS STAYS ON CAMPUS Surplus funds generated by all Cal Poly Pomona Foundation operations go back to the University to provide financial and facility resources to benefit students, faculty, and staff. Foundation Launches New Dining Services Website Check out the new Dining Services website! The website, which is now mobile phone and tablet friendly, has undergone an entire overhaul, complete with a clean look, a streamlined navigation menu, and updated information. Other features include a slideshow on the homepage, a consolidated restaurant section with information about each venue, a global calendar listing special events and promotions, a link to online ordering through GET, and much more. Explore the new Dining Services website by visiting www.cppdining.com. foundation.cpp.edu 2
Mark Your Calendars! JUNE 6/1 Blood Drive at Bronco Student Center 6/10-6/12 Commencement 6/14-6/16 Staff Appreciation Week 6/19 Father s Day 6/20 Ten-Week Summer Session Begins 6/20 First Five-Week Summer Session Begins 6/20 First Day of Summer JULY 7/4 Independence Day (Foundation and Campus Closed) 7/27 Second Five-Week Summer Session Begins 3
Advice from Employment Services Ideas to stimulate the mind Employees often ask how they can earn more money at work or get a promotion in Foundation. While employees at Foundation do earn and receive promotions from time to time, how an employee becomes qualified to earn a promotion and then gets promoted are sometimes unclear. What I can say generally is there is a process used and those who receive promotions are well vetted and qualified to move into their next role. Still, I came across a useful article and parable written by Eric Chester, which is a good example of why some employees are selected for promotion or higher pay when compared to other employees who may also seem deserving. While this example might be general in nature, it is a clear illustration of how and why an employee might think differently about their work habits if they want to earn more money or receive a promotion. The credit goes to Eric Chester for authoring this parable, for which he calls The Sawmill. The Sawmill Jake and Justin, twin brothers who were 23 years old, worked for a large sawmill not far from where they grew up. Their father was aware that even though both sons had essentially the same job titles and duties, Justin was paid significantly more than Jake. Curious as to why, the father sought out the owner and asked him about the variance. In response, the owner invited this father to drop by his mill and casually observe the activities. A few days later, the father showed up at the mill. The owner picked up the phone and called Jake into his office. He said to him, There s a trucker from Portland at the gate with some logs he wants to sell us. Go find out what he s got. Within fifteen minutes Jake returned and said, I checked out the load and it looks like he s carrying about 40 to 50 large logs, mostly pine, and all appear to be in pretty good shape. The owner thanked Jake and dismissed him from his office. He then summoned Justin and made the same request. There s a trucker from Portland at the gate with some logs he wants to sell us. Go find out what he s got. A half hour later Justin came back and said, I counted 38 pines; most are about 20 feet and are in really good condition. There are also 11 aspens which are slightly shorter and all but three are in pristine condition. He wants $1,100 for the whole load. Sam McHenry was down here twice last week looking for aspen for this large furniture project he s working on, so I called him and asked if he s still in the market for aspen. He told me he d take the eight good aspen off our hands and offered $150 for each. If we accept his offer, we ll make our money back plus 20% and the 38 pine will be pure profit. The owner told Justin to sell the aspen to McHenry, then thanked him and sent him away. The owner then looked at the father. If this were your mill would you pay those two employees the same amount? Absolutely not, the father said. Though equal, it certainly wouldn t be fair. 4
Summer Refreshments at Jamba Juice Jamba Juice at the BRIC has launched their summer refreshment program, which includes three limited-time drinks Gotta Guava, Tropical Sunburst, and the Strawberry Juice Refresher. First, the Gotta Guava smoothie is a delicious blend of guava juice, pineapple sherbet, strawberries, and peaches. Second, the Tropical Sunburst smoothie includes pineapple juice, fresh orange juice, pineapple sherbet, and pineapple. Lastly, the Strawberry Juice Refresher contains lemon, fresh apple juice, and fresh strawberries. These drinks are available until September 13. As an added part of the summer launch, starting June 1, Jamba Juice will also introduce three new protein smoothies Cookies N Cream, PB & Banana, and Chocolate Protein. The Cookies N Cream protein smoothie is a mix of milk, cookies, bananas, and whey protein. The PB & Banana is a unique combination of milk, peanut butter, bananas, whey protein, and honey. The Chocolate Protein smoothie has chocolate base, milk, bananas, and whey protein. These delightful blends are also available until September 13. Summer Specials at Qdoba Qdoba has spiced up their summer selections by adding their mango mojo salsa and cilantro-lime dressing to their menu for a limited time. Discover the sweet heat of mangos infused with the spice of crushed red chile peppers by adding the mango mojo salsa to any of your entrées. For those wanting a little zest, the cilantro-lime dressing is the perfect choice. Both sauces will be available until August. Qdoba also added the loaded tortilla soup to their menu. This soup comes in a crunchy tortilla bowl with your choice of savory meats and all the toppings you desire, like sour cream and guacamole. 5
Los Olivos Now Using Produce Grown on Cal Poly Pomona Campus Los Olivos is now serving produce that is grown right on the Cal Poly Pomona campus by the College of Agriculture. The initiative began when Los Olivos partnered with Cal Poly Pomona s John T. Lyle Center for Regenerative Studies to produce meals for special functions with fruits and vegetables grown at the center. From there, the idea of using produce grown on campus continued to branch out, which led Los Olivos to also partner with the College of Agriculture and Cal Poly Pomona s Food Justice Club and Green Team. Arnold Zavalza, executive chef at Los Olivos, picks artichokes at Spadra Ranch. It was through the clubs that I became aware of how much potential Cal Poly Pomona had to grow produce at almost a commercial scale, says Arnold Zavalza, executive chef at Los Olivos. Cal Poly Pomona has joined the Real Food Challenge campaign, the largest national student organization working for a more just and sustainable food system. The nationwide campaign mission statement is to incorporate 20% of real food (local/community-based, fair, ecologically sound and humane food sources) by 2020. Cal Poly Pomona has signed the campus commitment to meet these requirements and currently has two students analyzing food purchase data to define if it qualifies as real food grown within a 150-mile zone. By purchasing from the College of Agriculture, we are filling the local and community-based criteria, says Arnold. The fruits and vegetables that Los Olivos offers depends on the season. Los Olivos is currently obtaining a wide variety of produce grown by the College of Agriculture, including broccoli, oranges, tangelos, carrots, grapefruits, green onions, cauliflower, Brussels sprouts, cabbage, and squash. The produce is delivered to Los Olivos about once or twice a week and is used throughout the numerous stations as a single ingredient or as part of a main meal. Using fruits and vegetables grown at Cal Poly Pomona is extremely important, expresses Arnold. It s not only important to utilize local- and student-grown produce but to utilize campus grounds as a food resource and to minimize our carbon foot print. Arnold plans to continue using Cal Poly Pomona-grown produce and hopes to expand collaboration to an even larger scale. For Los Olivos dining hours and weekly menu, visit www.cppdining.com. 6
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Western States Corrosion Seminar and Cal Poly Pomona: Over 40 Years of Partnership Cal Poly Pomona and the Western States Corrosion Seminar (WSCS), a nonprofit educational program for corrosion control, have a long-standing history. The WSCS has been held at Cal Poly Pomona s Kellogg West Conference Center & Hotel for over forty years, donates to Cal Poly Pomona students, and out of the twelve WSCS committee members (who are all volunteers), five are Cal Poly Pomona alumni. The WSCS, which attracts up to 200 attendees a year, includes instructors who are some of the foremost experts in the field of corrosion control and consists of three levels of instruction fundamentals, intermediate, and advanced. It is an opportunity to network with professionals, develop contacts, meet with exhibitors and vendors, and exchange ideas and experiences with counterparts in the world of corrosion. This year we are celebrating our 50th annual seminar our golden anniversary, expresses Sylvia Hall, WSCS registration chair and treasurer, and Cal Poly Pomona alumna. We are excited to be doing it at Kellogg West. When the seminar first began, California State Polytechnic College, Voorhis Unit, in San Dimas was the chosen location for the first five years. In 1972, the WSCS moved to the new Center for Continuing Education in Pomona, which is now Kellogg West Conference Center & Hotel, and has been held there ever since. This year s WSCS took place May 3 through May 5. As an educational seminar, WSCS wishes to be associated with an educational institution, says Hall. Kellogg West provides an awesome environment for learning, delightful staff, delicious breakfast, lunch, social hour, and dinner for our attendees who stay at the adjacent hotel on campus and those who drive in daily. They are willing to work within our constraints as a nonprofit association dedicated to educational goals. In addition, for the last several years, WSCS has provided significant annual donations to the Cal Poly Pomona Justin Tabay Cortez, recipient of the Dr. Earl Pye Memorial Endowed Scholarship, is awarded by Dr. J. Ernest Simpson of the Chemistry and Biochemistry Department. Foundation to be used by the Chemical and Materials Engineering Department for corrosion-related projects. Dr. V. Ravi, the department chairman, is a corrosion professional and was a keynote speaker at this year s WSCS. He uses the donation to help his students conduct corrosion research projects in which the results are submitted to the annual NACE International conference. (WSCS is part of NACE International, the corrosion society.) WSCS helped about 20 students conduct research for student posters and papers, and go to the annual NACE conference in Vancouver, Canada in March 2016. The WSCS also contributes to the Dr. Earl Pye Memorial Endowed Scholarship, which is awarded by the Department of Chemistry and Biochemistry. The scholarship is given to a Cal Poly Pomona freshman who is majoring in chemistry and has a GPA of 3.5 or higher. Applicants are required to submit a statement about why chemistry as a major is the best fit for their future education and career plans, an unofficial transcript, and a letter of recommendation from a chemistry lecture or lab instructor. The scholarship was made in honor of Dr. Pye, who taught chemistry at Cal Poly Pomona for over 25 years, specializing 8
in physical and corrosion chemistry. He was also one of the founding members of the WSCS, served on the WSCS committee until 1992, and then presented the annual keynote speech at each WSCS until his death in 2007. Sylvia Hall also had a personal connection with Dr. Pye; while getting her master s degree in chemistry at Cal Poly Pomona, she took a corrosion course with Dr. Pye in spring 1976. He told the class to go to a corrosion seminar that was going on at Kellogg West during the week yes, it was WSCS, explains Hall. From our classroom in Building 3, we could look out the window and see Kellogg West. I went up to listen to Dr. Pye give a talk. I was not thinking of corrosion as a profession at that point. A year later, and after several additional electrochemistry courses from Dr. Pye, I started my thesis on corrosion inhibitors. It is now 40 years later, and I have had a successful career as a corrosion engineer thanks in part to Western States Corrosion Seminar, Dr. Earl Pye, and Cal Poly Pomona. The WSCS has been providing $500 to the Dr. Pye Memorial Endowed Scholarship since its inception in 2008. This year s recipient was Justin Tabay Cortez. Justin was awarded on the last day of the annual seminar by Dr. J. Ernest Simpson of the Chemistry and Biochemistry Department. WSCS believes in education, says Hall, and remembering those who helped educate those who wish to learn. Below: Sylvia Hall, WSCS registration chair and treasurer, and the rest of the WSCS team 9
KELLOGG WEST EMPLOYEE OF THE MONTH APRIL 2016 N athaniel Bubba Eaves Nathaniel Bubba Eaves has been a Kellogg West employee since May 22, 2012. He is one of those staff members who always demonstrates a good attitude, has a good sense of humor, and is well liked through the operation. Nathaniel is supportive of any operational changes to Kellogg West. He is a versatile staff member as he has the ability to perform several duties, such as catering driver, event supervisor, event set up, coffee break set up/deliverer, and bartender when needed. His attendance is excellent and he is consistently professional and friendly to our guests and coworkers alike. Nathaniel is self-motivated and is always willing to assist the culinary and facilities operations at any given time. It is a joy for the Kellogg West operation to award Nathaniel as the April 2016 employee of the month. Sincerely, Oscar Villanueva Kellogg West Senior Food and Beverage Manager Oscar Villanueva and Nathaniel Bubba Eaves 10
Foundation Turns Donation into Lemon-AID Foundation Board Member and Greek Life Council President Jared Tolbert asked the Foundation to sweeten the deal to encourage participants to attend a new event, Lemon-AID. Jared wrote: Lemon-AID is meant to push boundaries and break down some barriers that prevent students from communicating with each other in private spaces about cultural differences. This program is meant to foster Allyship between communities, recognize various Identities that people hold close to their hearts, and appreciate the Diversity that we have here at Cal Poly Pomona. We hope that this program will leave participants with a slightly sour, then sweet taste in their mouth that they will love enough to share with their community of friends. We believe that opening this forum for discussion will help bring together communities that have for too long seen each other as black and white, and recognize that in the end, we are all people with different ideals. We hope that we can get as much support as possible for this program so that we can be successful in achieving our goals. Due to this being a first time event, we are severely limited with the budget we are able to allocate to this program. We will have some funding from Greek Council, and we will also be reaching out to the cultural centers to support this program. We appreciate any donations that can be offered. Currently, we have budgeted to provide lemonade to participants, but are seeking snacks to help supplement the activities. When the Foundation agreed to provide a Qdoba taco bar, it was announced on the event s Facebook page and the attendance via Eventbrite tickets shot up; the evening was a smashing success. Foundation Sponsors Principal Investigator Event On May 5, 2016, the Office of Research and Sponsored Programs held the tenth annual Principal Investigator (PI) and Co-Principal Investigator (Co-PI) Reception honoring principal and co-principal investigators who submitted proposals for external grant/contract funding in the 2015-2016 fiscal year. The efforts of the PIs and Co-PIs are instrumental in developing research and creative activities, establishing collaborative ventures with the community, building and enhancing educational programs, and providing professional services, all of which benefit our students and faculty as well as the social and economic vitality of the surrounding region. The event is sponsored by the Cal Poly Pomona Foundation and includes about one hundred faculty and staff honorees from colleges, departments, and divisions from across campus. 11
Kellogg West Wins at Tasting and Auction The Foundation sponsored Cal Poly Pomona s ninth annual Southern California Tasting and Auction, which took place on Sunday, May 1 near the Rose Garden and Aratani Japanese Garden. The Foundation s Poly Trolley food truck, Kellogg West, and Innovation Brew Works joined the event. Every year, guests can participate in the People s Choice of Poly Taste Awards, which is described as a fun and friendly competition for event guests to sample tastings from participating partners and choose their favorite. The categories for the People s Choice Awards include best appetizer, best entrée, best dessert, best specialty, best brew, best vino, best spirit, and best overall. Kellogg West won second place for best entrée and second place for best overall. Kellogg West served a unique Thai pumpkin seafood bisque as well as seared scallop with capellini pasta with fresh garlic, pancetta bacon, fresh herbs, and white wine truffle sauce. Congratulations, Kellogg West! For a complete list of the 2016 People s Choice of Poly Taste Awards, visit http://tasting.cpp.edu/winners/ 12
Foundation Participates in the 2016 HealthFEST On Thursday, May 5, the Foundation participated in the spring 2016 HealthFEST, an annual event hosted by Student Health and Counseling Services that highlights and encourages healthy living. Amanda Therrien, Foundation marketing assistant, and Lily Ly, Foundation marketing coordinator, managed the Foundation booth at the event. They handed out brochures featuring the nutritional options on campus and had guests spin a wheel for various prizes. Participants had the chance to win coupons to on-campus dining venues, hand sanitizers, sunglasses, and more. For dining hours or for more information about Dining Services, visit www.cppdining.com. Cinco de Mayo at Los Olivos The Cinco de Mayo luncheon at Los Olivos was a fun fiesta filled with an array of food and entertainment. The menu was filled with delectable cuisines, including enchiladas, taquitos, carnitas, ceviche, and much more. Churros, sweet corn fritters, and tres leches cake were available for dessert. A free photo booth and music added to the overall ambiance. To view all the photo booth pictures taken at the event, visit www.facebook.com/broncochannel. The Los Olivos team squeeze in for a picture at the Cinco de Mayo photo booth. 13
Successful Fire Drill Completed at CTTI in Innovation Village On May 20 at approximately 1:40 p.m., a fire drill was held at CTTi in Innovation Village. All occupants evacuated to the safe staging area at the far end of the parking lot. All four goals set by Emergency Services Coordinator Debbi McFall were met: Timely evacuation Accounting for all occupants in a timely and orderly manner Ensuring all occupants know the plan and safe staging area Successfully utilizing the incident command system Everyone was able to participate and return to normal activities within ten minutes. In the process we discovered some areas where the alarm system needed attention, and have immediately addressed those areas of concern with the alarm company. All customers who were in Innovation Brew Works at the time were very cooperative and followed directions given by Koby Harris, brewing manager, and Rosa Morales-Jimenez, Pony Express manager. A big thanks goes to the staff for dealing with the public who were inconvenienced by the drill. A special thanks also goes to Building Marshal Laura Martinez, the floor captains, and especially Debbi McFall, who worked with the Foundation real estate department to make this drill happen before her retirement in June. 14
Bronco Bookstore at 2016 Commencement The Bronco Bookstore will once again be a participant in the 2016 Commencement ceremonies with two locations one in Campus Center Marketplace and a merchandise tent outside on Olive Lane. This year, the outside tent will be 10 ft. by 40 ft., which is the largest to date. Both locations will offer great Cal Poly Pomona merchandise to guests and families of the graduates. The bookstore will have the usual popular offerings of commencement/graduation-related merchandise, which includes Grad Plush, Alumni Gear, Family Gear, and much more. The Bronco Bookstore would like to congratulate the Class of 2016 for this terrific achievement. We look forward to seeing you at commencement! Fall Faculty Adoptions Fall quarter textbook adoptions were due on May 9, and the bookstore has already received 65% of the total textbook orders needed. This ensures that more students will be able to sell their books at the upcoming buyback, which in turn helps the bookstore to offer more affordable used books and better accessibility. Special shout out to the following textbook coordinators that currently have 90% or more of their department s book orders in: AG Marybelle Foster ACC Lucy Breza ART Pat Martinez AVS Sarah de la Parra CE Angie Hicks CHM Sandra Gutierrez Magallanez CIS Kathlee Von Velasco CS Annie Montes TH Marie Maslowski TOM Xiomara Tapia ECE Zekeriya Aliyazicioglu ETT Paula Grott FRL Ana Austin GSC Monica Baez IGE Sheena Huang MAT Yen Phun MFE Kimberly Davis KIN Nancy Connard ME Lita Patel PLT Tami Harshberger RS Karen Mitchell URP Laura Fujimoto Hernandez Thank you department coordinators for all your efforts! 15
Shopping Spree Presented by Bronco Channel Last month, Cal Poly Pomona students had the chance to win a BroncoGear shopping spree or a bronco gift card. All they had to do was enter the sweepstakes on the Bronco Channel Facebook page. Winners were picked at random. Desiree Gomez was the first place winner; she had 30 seconds to grab as many BroncoGear items as possible in the Bronco Bookstore and had a $300 limit. She sprinted through the store and grabbed various items, including sweatshirts, t-shirts, and decals. The second place winner, James Quinn, won a $100 bronco gift card while the third place winner, Jocelyn Tuomala, won a $50 bronco gift card. First place winner, Desiree Gomez, sprinted through the bookstore and grabbed a variety of merchandise. Due to the sweepstakes, the Bronco Channel Facebook page gained 235 new likes. Third place winner, Jocelyn Tuomala, won a $50 bronco gift card. First place winner, Desiree Gomez, won the BroncoGear shopping spree. Second place winner, James Quinn, won a $100 bronco gift card. 16
Notes of Gratitude From University Library Dear Anne, On behalf of the dean of the library and the committee for the National Library Week, I would like to express our appreciation to you and the Cal Poly Foundation for giving us twenty $10 bronco bucks towards the National Library Week. As a result of the Foundation s generous donation, we were able to give out at least two $10 bronco bucks in eight of our events during the week-long celebrations. Once again, thank you so much for your contribution to the success of our events. Olufunke Oluyemi PIHRA Hi Ms. McLoughlin, I want to thank you and the Cal Poly Pomona Foundation for your donation to our event. Cal Poly Pomona PIHRA greatly appreciates your donation. Thank you. Best Regards, Alyssa Hall SHRM Case Competition Chairperson Professionals In Human Resources Association Evening with Industry is an annual event that Cal Poly Pomona Professionals in Human Resources Association (PIHRA) holds every year for members and other business students to network with business professionals. Students who attended the event had the opportunity to dine with professionals, sit in and listen to the HR panelist and ask them any questions about the business world. At the end of the event, PIHRA gave the panelist thank-you presents as well as raffled some prizes that were donated to the event. 17
M Employee Profile artha DeAlba Job title: The DEN Franchise General Manager Length of employment: 10 Years I have a talent for cooking and organizing. I can t cut or color hair, but I can style it. No one would ever guess I come from a family of eight siblings. What s your biggest accomplishment? Becoming a mommy to two beautiful children. Also being the only one out of eight to get an AOS degree in culinary arts. What s your biggest challenge? Keeping my house clean. I have two little ones that dirty the house as I clean... lol What s your favorite movie? Boondock Saints, Teenage Mutant Ninja Turtles (old and new one), Batman (1989), and The Dark Knight. What s your favorite song? Just Be Held by Casting Crowns What are your hobbies? I love to play any sports softball, American football, and basketball; I can throw and catch pretty well. Oh yeah, and I love to bake wish I had more time. If you could have one superpower, what would it be and why? I would love to transport, so I don t ever say I wish I was there. Because I could just say go home and I can be there in half a second! What s on your bucket list? To have my own taco truck with all the fixin s! shiny paint, nice wheels, and chrome in detailed areas. If you could meet any public figure, living or departed, who would it be and why? God, to thank him for all the blessings I have received. What was your favorite childhood TV show? The Looney Tunes, Pinky and the Brain, Saved by the Bell, and Small Wonder If you could travel anywhere in the world, where would you go and why? Mexico to visit my grandma. 18
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Unaudited Financial Statement Highlights: April 2016 EXECUTIVE SUMMARY The purpose of this article is to provide information related to the unaudited financial performance of the Foundation for the month of April 2016. The Foundation generated a monthly surplus greater than budgeted mainly due to unrealized/ realized gains from endowment and general investments and operations of Foundation Programs, Dining Services, Continuing Education and Real Estate Development. ENTERPRISES Summary For the month ended, the Enterprise operations generated a surplus greater than budgeted mainly due to Dining, Housing and Kellogg West operations outperforming. Bronco Bookstore Revenues are 66% or $575,699 short of budget as spring rush was held in March and budgeted in April. Gift revenues were over budget due to strong grad fair package sales and exceeded prior year. Cost of goods is 65% versus 66%; payroll and expenditures are 19% versus 16% of revenues. It appears we will exceed our year-end forecasted net surplus of $279,000. We appreciate the university s support and the president s request that what you spend on campus, stays on campus. Dining Services Revenues are 96.5% or $80,176 short of budget. These revenues consist of 65% from retail and 35% from board operations; cost of goods sold is 31% versus 36% of budget, salaries and expenditures are 51% versus 51% budgeted. It appears we will meet or exceed our yearend forecasted net surplus of $600,000. Retail revenues exceed budget by 7% or $97,769; cost of goods is 32% versus 38% of budget, salaries are 24% versus 29% of budget and expenditures are 21% versus 22% of budget, Monthly Budget Monthly Actual Monthly Variance Y T D Budget Y T D Actual Enterprise Activities Bookstore 291,122 168,286 (122,836) 420,293 541,164 Dining Services 292,060 398,170 106,110 859,961 551,004 Kellogg West Conf. & Hotel 12,268 23,614 11,346 436 57,889 University Village Housing 521,620 560,166 38,546 1,253,345 1,827,840 Subtotal: 1,117,070 1,150,236 33,166 2,534,035 2,977,897 General Activities Foundation Administration 205,547 197,864 (7,683) (781,866) (236,646) Real Estate Development (22,638) 49,874 72,512 (30,616) 215,664 General Investments (13,341) 261,308 274,649 914,193 (824,980) Building Rental 7,169 11,676 4,507 64,495 100,893 Subtotal: 176,737 520,722 343,985 166,206 (745,069) Designated Funds (102,463) (161,843) (59,380) (1,005,425) (771,480) Other Activities Research Office 3,750 2,198 (1,552) 37,954 40,960 Agriculture (30,425) 32,727 63,152 127,252 243,485 Continuing Education (53,720) 30,909 84,629 516,100 913,223 Fdtn Programs-Unrestricted 1 9,082 9,081 10 134,545 Subtotal: (80,394) 74,916 155,310 681,316 1,332,213 Net Surplus/(Deficit) 1,110,950 1,584,031 473,081 2,376,132 2,793,561 Unrestricted: Fdtn Programs-Restricted 168,632 333,545 164,913 2,080,188 578,900 Endowment Programs- 302,236 982,050 679,814 2,998,420 (5,604,481) Restricted Assets Transferred to 0 (9,511) (9,511) 0 (315,014) University Net Surplus/(Deficit) 470,868 1,306,084 835,216 5,078,608 (5,340,595) Restricted Net Surplus/(Deficit) Grand Total: 1,581,818 2,890,115 1,308,297 7,454,740 (2,547,034) 20
generating a surplus of $330,530 versus a budgeted surplus of $152,333. Board operation revenues are 81% or $177,944 short of budget; costs of goods are 30% versus 34% of budget, salaries are 26% versus 23% of budget and expenditures are 34% versus 28% of budget generating a surplus of $69,796 versus a budgeted surplus of $141,802. Kellogg West Catering/Dining Revenues exceed budget by 85% or $143,699, cost of goods is 22% versus 28%, salaries are 32% versus 49% and expenditures are 16% versus 23% of revenues generating a surplus of $89,629 versus a deficit of $1,616 budgeted. It appears we will meet or exceed our yearend forecasted net surplus of $204,000. Kellogg West Conference Center & Hotel Revenues are 93% or $10,713 short of budget but greater than prior year, salaries are 40% versus 34% and expenditures are 43% versus 58% of revenues generating a surplus of $23,625 vs $12,268 budgeted. It appears we will meet or exceed our year-end forecasted net surplus of $8,700. University Village Revenues are 96% or $46,378 short of budget and occupancy is at 95.25%, salaries and expenditures are 53% versus 58% of budget generating a surplus greater than budgeted. It appears we will meet or exceed our yearend forecasted net surplus of $1,887,000. GENERAL ACTIVITIES General Activities reported a surplus greater than budgeted mainly due to unrealized gains in the General Investment Portfolio and Real Estate activities with Innovation Village. There is no way of knowing how the general/investments will end this year though we have forecasted a deficit of $1,213,000 which is included in the forecasted year-end General Activities net deficit of $804,400. DESIGNATED EXPENSES Designated Gifts generated a deficit greater than budgeted due to athletic scholarships awarded. It appears we will meet our year-end forecasted net deficit of $1,307,000. OTHER ACTIVITIES (presented year-to-date actual versus budget) Sponsored Research has generated a year to date surplus greater than budget due to year to date indirect revenues exceeding budget by 6.64% or $66,139 and direct grant expenditures less than budget by 3.51% or $347,517 generating an effective rate of 11.11% versus the budgeted rate of 11.5%. It appears we will meet or exceed our year-end forecasted net surplus of $45,000. Agriculture-Aid-to-Instruction yearto-date revenues exceed budget by 1.6% or $49,689 and exceed prior year revenues by 18% or $467,840, costs of goods are 21% versus 17% of budget and payroll and expenditures are 71% versus 79% of budget generating a year to date surplus in excess of budgeted surplus due to Pine Tree Ranch, Farm Store, Ornamental Horticulture, Pumpkin Festival, Wasmansdorff House at Pine Tree Ranch and AGRIscapes offset by Beef and Sheep Activities, Vet Clinic, Agronomy Farm and Arabian Horse Center. It appears we will meet or exceed our year-end forecasted net surplus of $287,000. Continuing Education year-to-date revenues are 95% or $255,974 short of budget mainly due to CPELI Camps and Standard revenues; payroll and expenditures are 82% versus 90% of budget mainly due to savings in salaries and benefits, advertising, rent/commissions, services, supplies, travel, bank fees, generating a year to date surplus greater than budgeted. It appears we will meet or exceed our year-end forecasted net surplus of $407,600. Foundation Programs Unrestricted includes the activities that are not third party donor imposed stipulations. Year-todate revenues exceed budget by 13% or $63,672 in spite of prior fiscal year indirect cost recoveries allocation between unrestricted and restricted programs; expenditures (excluding Transfers to the University # 7344) are 85% or $71,046 short of budget generating a year to date surplus versus a zero budget. It appears we will meet or exceed our year-end forecasted net surplus of $0 or breakeven. Endowment/Investment unrealized/realized investment losses are $4.2 million, donations are 67% or $282,600 below budget; expenditures are 87% or $285,945 short of budget. There is no way of knowing how the endowment/investments will end this year though we have forecasted a deficit of $5,465,900. Foundation Programs Restricted revenues exceed budget by 16% or $1,221,776, expenditures exceed budget by 51% or $2,721,009. It appears we will not meet our year-end forecasted net surplus of $2,477,973. If you have any question or need additional information, please contact David Prenovost at dfprenovost@cpp.edu or call (909) 869-2948. 21
1966-2016 We Are Fifty. We Are Golden. 22