COMPREHENSIVE PLAN—Six Year View
Fiscal Year
2018
2019
2020
2021
2022
2023
REVENUES Residence Halls and Apartments
21,106,606 18,327,310
22,007,174 18,295,500
23,197,000 20,420,000
23,972,000 21,013,000
24,653,000 21,818,000
25,631,000 22,655,000
Dining and Conference
Miscellaneous
450,000
550,000
400,000
400,000
400,000
400,000
Total Revenue
39,883,916
40,852,674
44,017,000
45,385,000
46,871,000
48,686,000
OPERATING EXPENSES
ResHalls and Apartments Dining and Conference
14,032,477 14,002,424 28,234,901 11,649,015 200,000
14,478,576 14,559,151 29,337,727 11,514,947 300,000
14,318,000 16,244,291 30,805,392 13,211,608 1,400,000 6,269,004 2,519,931 10,188,935 2,000,000 1,929,375 14,118,310 243,101
14,103,000 16,706,435 31,064,691 14,320,309 1,400,000 6,273,846 2,518,681 10,192,527 1,500,000 2,025,844 13,718,370 255,256
14,155,000 17,332,583 31,755,602 15,115,398 268,019 1,400,000 5,504,910 2,520,931 9,425,841 3,500,000 2,127,136 15,052,977
14,578,000 17,982,242 32,841,663 15,844,337 1,400,000 5,497,651 3,306,431 10,204,082 4,000,000 2,233,493 16,437,575 281,420
Miscellaneous
Total Operating Expenses NET OPERATING INCOME
NON-OPERATING EXPENSES Institutional Support (Administrative)
1,444,207 5,678,089
1,400,000 5,687,265
Existing Bond Payments
Planned Bond Payment (New Residence Hall) Sub-Total Bond Payments and Administrative Support
-
-
7,122,296
7,087,265
Projects Funded From Reserves
4,105,617 1,750,000 12,977,913 (1,328,898) 14,111,784
5,050,000 1,837,500 13,974,765 (2,459,818) 11,651,966
Preservation
Total Non-Operating
Net To (From) Reserves
(906,702)
601,939
62,421
(593,237)
Reserve Balance
10,745,264
11,347,203
11,409,623
10,816,386
Debt Service Coverage Ratio Minimum Reserve Required
2.02
1.99
1.48
1.61
1.86
1.78
5,678,089 8,433,695
5,687,265 5,964,702
8,788,935 1,956,329
8,792,527 2,554,676
8,025,841 3,383,782
8,804,082 2,012,304
Max Amount available above MRR
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