Campus Housing Financial Factors & Proposed Budget 2022/2023 Fiscal Year Overview

This overview delves into the financial aspects and proposed budget for campus housing at the University of Waterloo. It covers details such as the campus housing infrastructure, organizational structure, university mission and values, strategic planning, and the housing mission and vision. The document outlines the stakeholders involved in campus housing, their roles, and the targets set for the department in winter 2022.

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• Campus Housing
• University of Waterloo
• Financial Planning
• Student Stakeholders
• Strategic Initiatives

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Presentation Transcript

1. Campus Housing Financial Factors & Proposed Budget 2022/2023 Fiscal year

2. Purpose Consult with student stakeholders for awareness and learning on: 1. Campus Housing within the University 2. Local state of student housing 3. Data-driven evidence for Campus Housing 4. Financial Planning

3. 1. Campus Housing within the University

4. 1st Largest Ontario campus 450 beds for graduate students housing operation 5,787 total beds in Campus Housing 75% of Waterloo first year students live in residence 2.1 M square footage of space (20% of campus) 350 staff (~100 full time and ~250 student roles)

5. Organization Glen Weppler Director of Housing Alex Piticco Assistant Director, Student Development and Residence Life Jennifer Ferguson Assistant Director, Occupancy and Marketing Services Mike Iley Sherry Kihut Kristen Leal Vacant Project Manager, Strategic Initiatives & Assessment Assistant Director, Residence Facilities Manager, Business Technology & Systems Manager, Housing Finance Student Occupancy and Marketing Services Residence Facilities Functional User Analyst + Business Process Analyst Development and Residence Life Accounting & Data Specialist

6. UWaterloo Mission advance learning and knowledge through teaching, research, and scholarship, nationally and internationally, in an environment of free expression and inquiry University of Waterloo Strategic Planning UWaterloo Vision Connecting imagination with impact for a better world UWaterloo Values We are curious. We are courageous. We are engaged. We all belong. UWaterloo Impact Themes Developing talent for a complex future. Advancing research for a global impact. Strengthening sustainable and diverse communities.

7. University of Waterloo Strategic Plan Developing talent for a complex future Strengthening sustainable and diverse communities Advance learning and knowledge Housing Mission We want our students to learn where they live. Campus Housing s Plan Housing Vision Students living in residence will academically outperform their off-campus peers. Housing Values Put students first. Make our team stronger. Embrace growth. See the bigger picture. Winter 2022 Departmental Targets Operations New Enterprise System Paused Activities

8. 2. The local state of student housing

9. Times are changing... image image image

10. Stability & Change Our Foundation The Changing Landscape Own the first-year market Proximity Part of the university Decades of experience Campus partners Caring + Dedicated staff Evidence Supportive of learning COVID-19 Pandemic Competition Need to market residence experience Aging buildings Mental health Social media Globalization Accountability / Expectations Family involvement

11. Feature Discount OCH UW Residence Premium OCH ~ $ per term $2,520 $2,930 $3,600 12-mo lease required Most Most Housekeeping X Utilities included Some X Some Comparing On- and Off- Campus Close to class X Internet included X IT support service X Public common space X X Floor common areas X Organized events X Meals available X Gym, study room, etc. X X 24-hour security X X Tutoring available X 300+ Job opportunities X Rooftop patio Some Counselling X

12. Supply/Demand study (2017) 1,060 Potential surplus of housing beds Students in Waterloo have more choice in where to live than anywhere else in Canada. Source: https://www.waterloo.ca/en/government/resources/Documents/Cityadministration/Student-housing-report-2017.pdf

13. 4. Data-driven evidence for Campus Housing

14. Retention rate (2018) Subgroup Residence Off-campus Difference Overall 3.1 91.8% 88.7% AHS 92.4 88.7 3.7 Arts 90.4 85.9 4.5 Engineering 91.7 90.3 1.4 Environment 90.4 90.2 0.2 Math 93.3 90.2 3.1 Science 91.2 87.9 3.3 Male 91 87.4 3.6 Female 92.4 90.4 2.0 Canadian 91.8 89.2 2.6 International 89.4 85.5 3.9

15. Canadian Research

16. 5. Financial Planning

17. Realities & Principles (in normal times) 98% of revenue from residence fees Designed to break-even financially. Including: Debt payments Capital renewal Must be financially sustainable over time Not a profit-centre for the university University contributes no funds to residence

18. 10-year Occupancy Rate By Term 7000 6000 5000 # of Occupied Beds 4000 3000 2000 1000 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Spring 1442 1281 1164 1043 1094 983 967 1136 310 529 Fall 5228 5503 5250 5200 5308 5531 5674 5724 2005 4597 Winter 4926 4910 5082 4702 4604 4662 5001 5046 4967 1647

19. Ontario University Rate Benchmarks

20. Residence Fees by Building, Room, Year & Month Residence V1/REV Room Type 21/22Fee 22/23 Fee 1/8th of the Fee 6,697 6,831 6,392 6,520 6,008 6,128 4,806 4,902 3,905 3,983 7,995 8,155 3,492 3,561 7,346 7,493 7,001 7,141 5,602 5,714 4,551 4,642 7,224 7,367 6,837 6,974 6,310 6,436 3,192 3,256 6,386 6,514 1,306 1,322 Single Interconnecting Double Triple Quad Single - 4 bdrm unit Single - 1 term Single Double Triple Quad Single - 2 bdrm unit Single 3 or 4 bdrm Double Single - 1 term, 2bdrm Single - 2 term, 4bdrm Family, monthly 854 815 766 601 488 1,020 891 937 893 715 581 921 872 805 814 815 -- MKV Minota Hagey CMH UWP CLV

21. Summary 22/23 Campus Housing Budget Account Type Revenue Proposed 22/23 Approved 21/22 38,052,250 1,282,431 300,000 200,000 95,000 55,000 40,000 40,000 40,064,681 4,016,527 3,701,119 3,280,223 2,929,423 450,000 300,000 14,677,292 10,233,421 7,441,306 1,729,957 1,504,000 1,303,919 899,134 803,608 455,000 191,155 150,800 35,435 9,050 1,000,000 25,756,785 (369,396) Variance Residence Fee Income Residence Fee Income - Family Financial Responsibility Laundry Visitor Apartments DISSP Off Campus Housing Faculty Tutor Funding 23,504,322 14,547,928 1,285,104 280,000 45,000 110,000 0 40,000 39,300 25,303,726 14,760,955 4,016,526 3,673,907 3,086,997 2,923,938 450,000 282,871 14,434,239 8,869,315 3,334,000 211,955 687,872 1,181,592 434,742 408,375 375,650 181,895 149,740 22,750 6,000 1,337,324 17,201,210 (6,331,723) (2,673) 20,000 155,000 (15,000) 55,000 0 700 Revenue Total Fixed Expenses Capital Debt Retirement University Maintenance Municipal Taxes & Utilities Rentals & Leasing Ancillary Budget Contribution Insurance 1 27,212 193,226 5,485 0 17,129 243,053 1,364,106 4,107,306 1,518,002 816,128 122,327 464,392 395,233 79,350 9,260 1,060 12,685 3,050 (337,324) 8,555,575 5,962,327 Fixed Expenses Total Variable Expenses Salaries & Benefits Capital Projects Furniture & Equipment Consulting & Contracted Services Supplies & Other Computer & Network Training & Development Repairs & Maintenance Printing & Advertising Telephone Travel Vehicle IST Transfer Variable Expenses Total Surplus/(Deficit)