Congratulations to all the graduating student employees of the Cal Poly Pomona Foundation. Thank you for allowing the Foundation to be part of your learning experience at Cal Poly Pomona. We strive to provide the hands-on training and support you need for life after graduation. Thank you for contributing to the success of the Foundation. You will be missed!

CONGRATULATIONSTO THE CLASS OF 2015

Ngozi AgwuenuCarlynn Allred

Seomary ArriazaAlicia Arrua

Gevork AshikyanMerilee Atkinson

Miguel AvilaBrett BaileyAli Ballout

Efren BeltetonNatalie BernalKateryna Bilyk

Patrick BraddockEvangela BrewsterSinclair Calderon

Ana CastilloEliana Castillo

Andrew ChandlerVivian ChauFrank Chau

Amanda CordesArmando Coronado

Daisy CorreaBrittany Curry

Tara CutlerMiguel Dacanay

Aubrie De La CruzMauricio De la Torre Barragan

Bandelio DelgadoPablo Dominguez

Danielle DuranMelissa Duran

Rashonda EdwardsVeronica Edwards

Adrianna ElihuJarvie Elpedes

Yovani EsperonSean Fabros

Hassan FakhreddineWayne Farnsworth

Justin FarrellCarlos Flores

Bridgette ForbesLucero Frias

Aaron GallardoCarol Giovannini

Stephanie GonzalezMadeleine Gross

Yetlanezi GuerreroPaige Gutierrez

Bart HamadaMerielle Haw

Nelly HernandezCarlos Hernandez

Amanda HernandezKing Yin Kennis Ho

Yvonne HsuLanlan Hu

Holiday HuangTimothy Huddy

Abigail JassoAlejandra Jimenez

Joana JimenezShahan Kasnakjian

Hinde KastTi�any Lai

Jasmine Leake-ForteYoung Lee

Michael LeporeAlexandria Lomelin

Deborah LopezBriana Lopez

Benjamin LucasDavid LunaAneel Maan

Michael MalviniAnthony Mandolese

Kelly MangonaDana Marquardt

Sabrina MarrAdam Mason

Kinga MatusikKerry McGuire

Joseph McHughChad MendezAndres Meza

Angela MitchellRachel Montemayor

Jasmine MooreIrmayra Mora

Rosario MorelosStephen Moser

Alan MossPaige Mughannam

John MuldoonMatthew Muldoon

George MunguiaRamon Navarro-Valenzela

Alicia NegreteCathy NguyenCindy Nguyen

Andrew NguyenDavid NguyenSean Nguyen

Caitlin OceguedaSydney OchoaKevin Orozco

Adam OsmondSerge Ossipian

Kendall OtaFrancisco Pacheco

Robert Paredes-SimentalDaniel PassariniHayly PeacockClaudia Perez

Shandyn PierceAnthony PortanteAmanda Priscilla

Ruoxi QiJames ReedShelby Reep

Michelle ReyesAlexandra Reyes

Stefan RiedelDelilah Robles

Omar RodriguezAlejandro Rodriguez-Garcia

Christina RomeroHolli Rosdail

Ryan RosenfeldAlexandra Rosetti

Conor RowlandNickolas Roy

Lourdes RumboRachel Ryan

Jorge SalazarJoshua SargentSamantha ScottJazmine Silver

Tomer SolelDaniel Soto

Samuel StathopoulosJackson Stewart

Garry TamAlin TavitianDavid TranThuan Tran

Michael TranAlec Trejos

Kathleen TrinidadAlison Villalobos

Kevin WallTony Yacoub

Saar Ya�eVictor Zamora

Huijing ZhuSharon Zhu

1CAL POLY POMONA FOUNDATION, INC.

BOARD

INSIGHTS

June2015

2

foundation.cpp.edu

PUBLISHED BY:Cal Poly Pomona Foundation. Inc.

Ph: 909.869.2912Fx: 909.869.4549

Board Insights provides communication on a range of activities that are taking place

in the Foundation. The objective of this

publication is to provide board members with

opportunities to learn more about the Foundation and strengthen communication.

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 Summer ScheduleStarting Monday, June 15, the Foundation will be closed on Fridays throughout the summer, except for the week of August 24 and August 31. The Foundation offices will be open Monday through Thursday from 7:00 a.m. to 6:00 p.m. through summer.

The Foundation will resume to a five-day schedule starting September 7 and will be open Monday through Friday from 8:00 a.m. to 5:00 p.m.

Foundation,

Thank you for the BEATutiful year. We couldn’t have done it without you!

Thank you,

BEAT 2014-2015

Anne,

Thank you for the support of the Foundation.

Best,

Donna HolmanEvents and Auction Specialist

Notes of Gratitude ...

3

The 2015-2016 academic and fiscal year brings with it many changes. In June the Foundations’ Board of Directors said goodbye to two At Large members and seeks to fill these positions with leaders that have expertise in agriculture, public relations, marketing, or business. Ideally an alumnus or someone local could be nominated who is a supporter of the university and understands what our auxiliary support means to this institution.

The At Large Director position is held for two years and may be renewed at the discretion of the Board. The Board of Directors is responsible in assisting the Foundation to accomplish its mission of “Quality Service Supporting Quality Education” by ensuring that the Foundation executes the following:

• Operates in a professional and conscientious manner• Continually updates its planning for the future• Emphasizes the importance of quality and excellence• Promotes high standards for ethics, honesty, competency, and professionalism in all its employees• Develops and motivates employees to express an entrepreneurial spirit by using creativity, innovation,

initiative, and open communication• Maintains its commitment to affirmative action, equal opportunity, and career development in a safe working

environment.

If you have any recommendations, please contact Anne McLoughlin at 909.869.5418 or amcloughlin@cpp.edu.

Foundation Board of Directors Is Looking for a Few Good Men or Women…

Raul Hernandez-Crespo, member of Nu Alpha Kappa, asked the Foundation for a donation to support their May 9th charity carnival, NAKLand.

Held each year, this free children’s carnival allows over 700 Pomona children and their families to enjoy free food, toys, entertainment, school supplies, games, and all are entered into an opportunity drawing to win Cal Poly Pomona gear.

The Foundation supplied awesome gift bags of swag from the Bronco Bookstore that future students are proudly wearing.

Foundation Donates to Charity Carnival

4

Foundation’s Financial and Employment Services Focus Group Meeting

The Foundation held their Financial and Employment Services Focus Group meeting on Tuesday, June 9 from 9:00 a.m. to 11:00 a.m. in the Kellogg West auditorium. This meeting was for individuals responsible for maintaining, reviewing, and/or approving transactions in Foundation programs, grants and contracts, enterprise, non-credit continuing education programs, and agriculture aid to instruction. The emphasis was on improving communications and account holders’ understanding of policies and procedures as well as providing a forum to exchange ideas.

Numerous important topics were discussed, including:

• AORMA Insurance 101• Reporting Fiscal Improprieties• Endowment Distribution Budget Process• Purchasing Card Renewals/Chip and PIN• Year-end Deadlines• One Solution Review• Cash Deposit Policy• Grants & Contracts-Meals and Refreshments Expenditures• Spending Grant Funds on Supplies/ Equipment near Project End• PCI Training Requirements/ Chip & PIN Rollout• New Wells Fargo Credit Card Processing• Virtual Desktop• GET Program• Deadline Requirements for Kronos• Payroll Check Stubs – Accrued Sick Time• Sick Leave for Part Time Employees• CSU Policy - Students 20 Hours per Week

Following the presentation, an open forum for questions, comments, and suggestions took place.

To view a WebEx recording of the meeting, please visit https://cppfdn.webex.com/cppfdn/ldr.php?RCID=193d885b49c8b9815e39bdca5af3aeb9.

Chief Employment Officer Dennis Miller

Director of Information Technology Randall Townsend

Office Systems Manager Donna Bebensee

5

Interim General Business Manager Pauline

Anongdeth delivers her presentation.

6

Innovation Brew Works Wins Another Award!

Innovation Brew Works has earned another award for the second time this year. Food Management magazine selected Innovation Brew Works for their annual “Best Concept” award in mid-June.

Food Management has sponsored the Best Concept Awards program since 1998 with the goal of recognizing and celebrating the best practices and the most innovative thinking in onsite foodservice. Each year, Food Management editors evaluate well over 100 entries and nominations, judging them on a variety of factors ranging from their creativity to their impact on a given program and their effectiveness in achieving targeted results.

Participants were required to answer a series of questions about their dining unit and submit supporting documents.

Innovation Brew Works will be featured in the August issue of Food Management magazine and will be honored at the Multi-Unit Foodservice Operators (MUFSO) conference in Dallas, Texas in late September.

Innovation Brew Works also recently won first place in the 2015 Loyal E. Horton Dining Awards and will be recognized in mid-July at the National Association of College and University Food Services (NACUFS) conference in Indianapolis.

Congratulations, Innovation Brew Works!

7

Dear Anne,

Thank you so much for donating on behalf of the Cal Poly Pomona Foundation. The items purchased at the Bronco Bookstore are being gifted to our 25 speakers and panelists who are speaking for free. Roland and I cannot express how grateful we are for your help these past few weeks.

Again, thank you for your generosity!

Best regards,

Grace, Roland, and the COM 446 Special Events Planning Class

Notes of Gratitude ...

All,

We wanted to send our extreme appreciation for helping to make our NCAA West Baseball Regional one of the best around. Thank you for all you did to coordinate and help with food throughout our event. As you may have heard, our team did win it and has now advanced on to play in the Division II College Baseball World Series beginning on Sunday. We are lucky that we are all on the same team. Thank you!

Best,

Stephanie DukeAssociate Athletic Director/SWA

Paul and friends,

You made a significant difference in the future of children at Cal Poly Pomona … and my future as well! Thank you!

Thank you all for your support over the years!

Dr. Peggy KellyDean of the College of Education and Integrative Studies

8

Catering Sales at Bronco Student CenterReach All-Time HighCatering sales at the Bronco Student Center will soon exceed over half a million dollars for the first time. As of April 2015, their sales were only $40,000 away from hitting the $500,000 mark. Once May and June sales are calculated, they will be well over half a million in sales.

“Special thanks to BSC manager Debra Chin, Qdoba manager Leslie Duenas, Round Table Pizza manager Yvonne Ortiz, and Subway manager Alicia Hernandez,” says Dining Services Director Aaron Neilson. “Kelsey Tilftick, BSC catering coordinator, has also been instrumental in this amazing achievement.”

Congratulations, Bronco Student Center Catering!

The Foundation was proud to sponsor the various cultural celebrations that occurred on campus in late May and early June. These events included the 23rd Annual Pan-African Graduation Celebration, the 21st Annual Raza Graduation Celebration, the 17th Annual Lavender Graduation Celebration, the 14th Annual Pan-Asian Graduation Celebration, and the Native American Scholarship Recognition and Graduation Celebration.

The Foundation is honored to help such diverse and unique groups on campus and we look forward to supporting them in the future.

Foundation Supports Cultural Celebrations

9

10

Innovation Brew Works Introduces New Delicious Items!

Appetizers! Pizzas! Desserts! Your taste buds are in for a real treat. Innovation Brew Works recently introduced several new delectable items to their menu.

For those wanting to savor a salty snack, the new Pretzel Puffs are now available. These round, bite-sized pretzels are served with Innovation Brew Works’ special beer cheese dipping sauce, made with cheddar, smoked Gouda, parmesan cheese, and their own Bronco Brown ale.

It’s no secret that customers can create their own craft pizza at Innovation Brew Works, but for those who want to leave it to the professionals, the new P3 pizza is now on the board. The P3 pizza is a combination of three different cheeses, green peppers, pepperoni, and pineapple—an unusual yet extremely delicious mixture of flavors.

For those longing for something sweet, a Strawberry Fields dessert is the perfect choice. Strawberry Fields consists of scrumptious pound cake served with Dr. Bob’s vanilla bean ice cream and topped with fresh strawberries.

Served with Dr. Bob’s vanilla bean ice cream and a choice of Innovation Brew Works’ Storey Stout or Palomares Porter, the new beer float is for those looking for a sweet yet distinctly malty treat. Guests must be 21 years old or older to order this tasty concoction.

Stop by Innovation Brew Works and try them all!

SUMMER HOURS:Mon.-Wed. 6:30 a.m. to 9:00 p.m.Thurs.-Fri. 6:30 a.m. to 10:00 p.m.Sat. 1:00 p.m. to 10:00 p.m.Sun. 1:00 p.m. to 6:00 p.m.

To view the full food and beer menu, visit www.iBrewWorks.com.

Pretzel puffs pair well with any Innovation Brew Works

craft beers.

The new beer float can be made with Storey’s Stout or

Palomares Porter.

11

Strawberry Fields Forever ...

12

Pomona Chamber of Commerce to Honor Innovation Village

Innovation Village has been awarded Employer of the Year by the Pomona Chamber of Commerce and will be honored at the 127th Annual Awards and Installation of Officers event on Wednesday, June 24 at Mountain Meadows Golf Course in Pomona.

The Employer of the Year award is presented to an organization that promotes employee growth and development, and demonstrates leadership in the business sector while providing resources and support in the development of other local businesses.

According to Erica Frausto, executive director of the Pomona Chamber of Commerce, Innovation Village was selected because it provides leadership and a community to businesses, especially smaller ones.

“[Innovation Village is] housing some really great businesses that are happy to be there!” says Erica Frausto. Innovation Village is home to a diverse tenant base, including the American Red Cross (ARC), Southern California Edison (SCE), and the Center for Training, Technology and Incubation (CTTi) which houses numerous emerging to medium-sized companies.

Innovation Village is also a major source of employment for Cal Poly Pomona student interns and graduates. For instance, SCE has been a significant employer of engineering and business students for many years, as SCE’s internship program remains a pathway to employment upon graduation.

Furthermore, Innovation Village is also a major source of employment for the local region. In fact, jobs within Innovation Village are found to earn an average salary well above the median income within the local community.

“Innovation Village has always focused on enhancing the life of both the university and local community through development of collaborative relationships, internships, employment opportunities, and joint research,” says Sandra Vaughan-Acton, Foundation real estate director and member of the Pomona Chamber of Commerce Board of Directors. “I am very proud that Innovation Village has been recognized as Employer of the Year.”

Sandra Vaughan-Acton will accept the award at the Pomona Chamber of Commerce event on behalf of Innovation Village.

13

14

All Foundation purchasing cards have been officially updated to EMV (Euro pay, MasterCard, and Visa) chip cards. EMV—often referred to as “chip” or “chip and PIN”—is a globally accepted card standard that uses an embedded microchip to protect purchases from counterfeit fraud. The new Wells Fargo chip cards appear the same and even have the same account numbers for existing cardholders, but the added chip contains technology and coding that combat counterfeit fraud in a way that a magnetic stripe simply can’t.

1. What is EMV?

Named after its original developers (Europay, MasterCard® and Visa®), EMV chip cards feature embedded microprocessor chips that store and protect cardholder data.

2. What are the benefits of a chip card?

While chip cards can help reduce various types of fraud, they do not eliminate it entirely. The primary benefit of a chip card is the prevention of counterfeit fraud in card present transactions. The chip embedded in the card is nearly impossible to duplicate. The chip also increases security through the use of stronger authentication methods at the point-of-sale (POS). The combination of stronger authentication methods and unique transaction elements makes chip card account data less attractive to steal and counterfeit fraud exceedingly difficult.

For cardholders, the chip card provides:

• Enhanced security for card present transactions• The broadest card acceptance/interoperability around the world• The potential for added functionality, convenience and personalization

3. Does a chip card still have a magnetic stripe on it?

Yes. Your chip card also has a magnetic stripe on it for use when a POS terminal or ATM does not support a chip- enabled card.

All Foundation Purchasing Cards Have Been Updated to EMV Chip Cards

15

4. Is there a law that mandates chip cards?

No. There is no law or mandate that requires a chip in consumer or commercial cards.

Rather, in October 2015 the card organizations (Visa, MasterCard, American Express® and Discover®) will shift the financial liability of counterfeit card-present fraud to the party (issuer or merchant) not supporting chip cards.

5. How does the chip in a card work?

The embedded chip stores information required to authenticate authorize and process transactions. This is the same type of information that is stored today on the magnetic stripe.

Chip cards and chip terminals work together to ensure a highly secure transaction by validating the card and cardholder and the account information, e.g., cash access, transaction limits, etc.

6. What is Wells Fargo Bank’s plan to support chip cards?

Effective September 15, 2014, Wells Fargo Bank will begin migrating its U.S.-based commercial card portfolio to chip cards. The corporate Purchasing Card portfolio is expected to be 100% chip card by October 2015. We are expecting to have all cards converted by the end of 2015.

7. Why is Wells Fargo Bank issuing its cards with a chip?

Wells Fargo Bank is issuing chip cards to provide clients the latest in secure payment technology and to support the shift in financial liability that will take place in October 2015, when the card organizations shift the responsibility for any fraud resulting from a payment transaction to the party (issuer or merchant) using the least secure technology.

The Foundation Implements the EMV InitiativeOctober 2015 is the deadline by which merchants must deploy point-of-sale (POS) technology that complies with the Europay/Visa/MasterCard (EMV) standard for chip card acceptance or assume liability for fraudulent transactions. The Foundation is actively implementing the chip and pin initiative for more secure credit card transactions. EMV-ready POS equipment has already been installed at the Subway in the Bronco Student Center and at Kellogg West Conference Center & Hotel. Upgrades to EMV-ready technology at other locations will be undertaken this summer.

For more details about the EMV countdown, visit Hospitality Technology at http://bit.ly/1K8hAKW. The article features the Foundation and quotes Randall L. Townsend, PMP, SPL, IT director.

Randall L. Townsend, PMP, SPL, IT director.

16

Board Approves Proposed Budget—Endowment Distribution

At the May Board meeting, the Members reviewed the recommendation(s) from the Foundation Investment and Finance Committee and approved a budget for the potential endowment distribution of $1.4 million or 3% of the projected endowment value as of June 30, 2015 based upon the Administration of Program, Scholarships and Endowment Policy# 133. The actual endowment distribution, if any, may be approved and brought forth by the Investment and Finance Committees at the September Board Meeting; after the fiscal year 2014-15 endowment investment performance report has been reviewed and accepted.

This fiscal year 2014-15 forecasted endowment earnings are flat or zero, accordingly the proposed 2015-16 budget for endowment distributions assumes a 3% distribution from prior year(s) undistributed earnings and does not assume or include any distribution from the Kellogg Foundation Legacy Endowment. The Kellogg Foundation Legacy Endowment does not allow for any distribution of prior year(s) earnings and therefore no endowment earnings are available for distribution in a year there are no earnings.

For your information, the past performance (which is no indication of future performance) for the endowment portfolio as compared to the blended index for the fiscal years ended June 30th is as follows:

Performance Index • Fiscal Year to Date (through March 2015) -1.54% -2.14%• One Year 15.80% 18.40%• Three Years 8.21% 8.25%• Five Years 12.68% 11.61%• Inception (October 2008 - Morgan Stanley Graystone) 8.68% 8.55%

(Index is blended 70% All Country World Index and 30% World Government Bond Index)

The guidelines of the Foundation’s Administration of Program, Scholarships and Endowment Policy# 133 state the follows:

“It is the Foundation’s goal to distribute annually a minimum net return of 5% of endowment value as established on June 30th. Earnings for the fiscal year in excess of the Consumer Price Index (CPI) for the Los Angeles area, as reported in July for the prior 12 months, and in excess of 5% endowment value, may also be distributed. Endowment earnings shall generally be available for distribution from those endowments invested for no less than three (3) consecutivemonths. Exceptions may be authorized per approval by the Executive Director or his/her designee and the Board of Directors. Endowment earning distribution will occur in the first quarter of each fiscal year based upon the percentage of the endowment value and or an amount as approved by the Board.”

17

For example, if a $10,000 endowment has been in existence for three (3) years and has a fair market value of $11,500 at June 30th; the prior year undistributed earnings are $1,500, the corpus (donated value) is $10,000; and if the Foundation Board approves a 3% distribution in the September Board Meeting; then the first 3% or $345 ($11,500 X 3%) is available for distribution from the prior year earnings of $1,500.

Endowment scholarship funds with little or no earnings are eligible for an interest free loan up to 5% of the endowment value at June 30th upon approval by the Board. Loans are to be repaid within 3 years to the General Fund from future scholarship endowment earning distributions.

We encourage you to review the Cal Poly Pomona 2015-16 Business Plan and Proposed Budget approved by the Members of the Board.

Please let me know if you have any questions or need additional information, I can be reached at dfprenovost@cpp.edu or ext. 2948.

18

Innovation Brew Works Welcomes Bravery Brewing Company

Innovation Brew Works is bringing people back to their alma mater! Bart Avery and his wife, Sandra, owners of Bravery Brewing Company, first met in a business class when they were both undergrads at Cal Poly Pomona. Bart and Sandra opened Bravery Brewing Company in Lancaster, CA in 2012. When they heard that Cal Poly Pomona had also opened a brewery, they were eager to visit.

In mid-May, the couple and their son Brian, who is their director of brewing operations, met with Dining Services Director Aaron Neilson and Beer Production Manager Koby Harris at Innovation Brew Works. The group went on an exclusive tour and had the opportunity to try the food and brews.

“I think Innovation [Brew Works] is fantastic,” expresses Bart. “We tried the beer and the food and all was also fantastic.”

Craft brewing is a booming business and has especially peaked in the last few years. With more than 3,000 microbreweries across the United States, Innovation Brew Works and Bravery Brewing Company are part of this growing trend, which caters to consumers seeking unique craft beer that is specially brewed in-house with local ingredients.

“Craft beer is such an amazing thing and it opens up a whole new world for people who want to enjoy a beverage,” says Bart.

What makes Innovation Brew Works so unique is that it is not just a brewery and café, but also a learn-by-doing brewery laboratory. This provides numerous opportunities to Cal Poly Pomona students who are able to acquire hands-on experiences with brewing and brewpub operations, which ultimately gets the attention of professional brewers like Bart.

“It is great to see what you guys are doing and I hope that someday we can hire one or more of your well-trained students,” states Bart.

For more information about Innovation Brew Works, visit www.iBrewWorks.com.

For more information about Bravery Brewing Company, visit www.BraveryBrewing.com.

From left to right: Brian Avery, director of brewing operations, Bravery Brewing; Sandra Avery, co-owner, Bravery Brewing; Bart Avery, co-owner, Bravery Brewing; Aaron Neilson, dining services director, CPPF; Koby Harris, beer producation manager, Innovation Brew Works.

19

Bronco Bookstore NACS Survey ResultsBronco Bookstore’s annual Customer and Faculty Satisfaction Surveys were conducted by the on-campus research service of indiCo, a subsidiary of the National Association of College Stores (NACS). Both surveys were offered online in January 2015.

Many ratings from both customers and faculty were above the industry average. Out of 1,117 customer responses, Bronco Bookstore received an overall satisfactory rating of 3.92 (with 1 being lowest and 5 being highest.) This is higher than the industry average of 3.81. The bookstore excelled in the categories “speed of service” with a 4.06 and “store appearance” with a 4.28.

In terms of faculty responses, the bookstore’s “knowledgeable and friendly staff” received a 4.15—the industry average is 4.0. Additionally, “store operations” overall average was 4.02 which is higher than the industry average of 3.83.

The annual surveys help the Bronco Bookstore recognize the positive areas, but also the areas that may need improving. Based on the survey results, bookstore staff will focus more on outreach to faculty and students to remind them that the bookstore offers various services and competitive textbook pricing.

Fall Faculty AdoptionsFall quarter textbook adoptions were due on May 11, and the Bronco Bookstore has already received 66% 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 who have 90% or more of their department’s book orders in:

Thank you department coordinators for all your efforts!

AG – Tami HarshbergerAVS – Sarah de la ParraCS – Annie Montes TH – Marie MaslowskiECE – Zekeriya AliyaziciogluETT – Paula GrottFN – Frances LoyaFRL – Ana Austin

GSC – Monica BaezIGE – Sheena HuangMFE – Kimberly DavisKIN – Nancy ConnardME – Lita PatelPLT – Jenifer CazaresRS – Karen MitchellURP – Laura Fujimoto Hernandez

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Foundation Featured in Two Publications for Paper Reduction and Kronos SoftwareThe Foundation was recently featured in Society for Human Resource Management (SHRM) and HigherEdTechDecisions (TechDecisions) for its significant reduction of paper due to its implementation of Kronos software.

According to Foundation Chief Employment Officer Dennis Miller in the TechDecisions article, Kronos HR software helped the Foundation cut its paper usage by 95 percent, and hopes to go completely paperless within the next two to three years.

Kronos not only helps drastically shrink the Foundation’s paper use, but also enables the Foundation to collect employees’ comprehensive data, including attendance and absences, and accurate payroll information. Kronos also

allows the Foundation to automate the data collection processes, which reduces the risk of manual errors and losing money.

Additionally, in the TechDecisions article, Foundation Director of Information Technology Randall Townsend offers useful tips for other colleges when selecting a software system like Kronos. For instance, he advises to pick a company that provides a good product and partnership, foster good relationships with the IT department, use the Cloud for data storage, and aim for automation.

To read the SHRM article, visit http://bit.ly/1KGxgC1.

To read the TechDecisions article, visit http://bit.ly/1C8TRCt.

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Schedule of New Grants

Project Title Awarding Agency New Awards College/Division Project Director

MWD Student Services La Verne

Metropolitan Water District

245,000 Academic Affairs Michael Millar

MWD Student Services Los Angeles

Metropolitan Water District

245,000 Academic Affairs Michael Millar

Remote Sensing Technology for Plant Species

Department of Defense 273,287 Science Erin Questad

Applied Mathematics Bakersfield City School District

53,899 Extended University

Howard Evans

Using Social Learning to Improve Adolescent Diabetes

Vanderbilt University 9,703 Science Yu Sun

CIRM Bridges Program--Year 7 California Institute for Regenerative Medicine

521,059 Science Jill Adler-Moore

Colorfastness Evaluation of Colored Fabrics

AM4U 2,360 Agriculture Jiangning Che

1,350,308

May 30, 2015

22

Unaudited Financial Statement Highlights – April 2015EXECUTIVE SUMMARYThe purpose of this article is to provide information related to the unaudited financial performance of the Foundation for the month of April 2015. The Foundation generated a greater surplus than budgeted for the month mainly due to unrealized gains from endowment investments.

ENTERPRISESSummary – For the month ended, the Enterprise operations generated a surplus greater than budgeted due to all operations outperforming their respective budgets except for Kellogg West.

Bronco Bookstore – Revenues exceeded budget by 16% or $292,649 mainly due to hardware and gift sales. Cost of goods is 71% versus 67%; payroll and expenditures are 13% versus 15% of revenues. We appreciate the University’s support and the President’s request that what you spend on campus stays on campus.

Dining Services – Revenues exceed budget by 23% or $485,227 mainly due to Retail revenues exceeding budget. These revenues consist of 59% from retail and 41% from board operations; cost of goods sold is 35.5% versus 37.2% of budget, salaries and expenditures are 47.5% versus 51.3% of budgeted revenues. Retail revenues exceed budget by 25.8% or $308,506; cost of goods is 36.3% versus 37.9% of budget, salaries are 25.4% versus 28.8% of budget and expenditures are 25.2% versus 23.8% of budget

Monthly Budget

Monthly Actual

Monthly Variance

Y T D Budget

Y T D Actual

Enterprise ActivitiesBookstore 316,663 327,262 10,599 401,343 570,036 Dining Services 236,865 433,656 196,791 257,854 1,088,926 Kellogg West Conf. & Hotel 9,535 163 (9,372) 4,802 63,468 University Village Housing 503,272 451,494 (51,778) 1,369,532 1,279,103 Subtotal: 1,066,335 1,212,575 146,240 2,033,531 3,001,533

General ActivitiesFoundation Administration 182,104 (73,460) (255,564) (639,057) (535,427)Real Estate Development 1,409 (33,158) (34,567) 340,714 519,371 Investments 40,012 164,902 124,890 953,293 (62,174)Building Rental 9,141 11,323 2,182 89,621 69,430 Subtotal: 232,666 69,607 (163,059) 744,571 (8,800)

Designated Funds (150,117) (130,065) 20,052 (1,730,879) (1,168,203)

Other ActivitiesResearch Office 3,750 2,096 (1,654) 37,504 32,464 Agriculture (53,223) (29,153) 24,070 144,437 (58,317)Continuing Education (18,431) (38,257) (19,826) 345,759 736,897 Fdtn Programs-Unrestricted 0 41,363 41,363 0 (144,333) Subtotal: (67,904) (23,951) 43,953 527,700 566,711

Net Surplus/(Deficit) Unrestricted:

1,080,980 1,128,166 47,186 1,574,923 2,391,241

Fdtn Programs-Restricted 206,775 (49,968) (256,743) 2,067,750 3,119,858 Endowment Programs-Restricted

279,939 1,780,374 1,500,435 8,349,762 4,808,875

Net Surplus/(Deficit)Restricted

486,714 1,730,406 1,243,692 10,417,512 7,928,733

Net Surplus/(Deficit) Grand Total:

1,567,694 2,858,572 1,290,878 11,992,435 10,319,974

23

generating a surplus of $195,432 versus $112,188 budgeted. Board operation revenues exceed budget by 20% or $176,720; costs of goods are 34.3% versus 36.1% of budget, salaries are 16.5% versus 22% of budget and expenditures are 26.4% versus 27% of budget generating a surplus of $240,258 versus $126,748 budgeted.

Kellogg West Catering/Dining – Revenues exceed budget by 33.6% or $54,768, cost of goods is 28% versus 29%, salaries are 39% versus 45% and expenditures are 23.7% versus 25.7% of revenues generating a surplus of $20,445 versus $382 budgeted.

Kellogg West Conference Center & Hotel – Revenues are 90% or $13,409 short of budget, salaries are 41.5% versus 36.2% and expenditures are 58.3% versus 56.9% of revenues generating a surplus of $162 vs $9,535 budgeted.

University Village – Revenues exceed budget by $13,810 or 1.2%, salaries and expenditures are 62.6% versus 57.8% of budget generating a surplus less than budgeted. GENERAL ACTIVITIESGeneral Activities reported a deficit greater than budgeted mainly due to the adjustment to the actual for EPO Medical Claims of $418,130 for the plan’s calendar year 2014 that exceeded the actuarial’s expected losses and were not budgeted.

DESIGNATED EXPENSESDesignated Gifts generated a deficit below budget due to expenditures less than proposed.

OTHER ACTIVITIES (presented year-to-date actual versus budget)

Sponsored Research has generated a year-to-date surplus of $30,960 versus a budgeted surplus of $37,504; year-to-date indirect revenues are under budget by 12% or $129130 and direct grant expenditures are under budget by 2.4% or $219,323 generating an effective rate of 10.31% versus the budgeted rate of 11.5%.

Agriculture-Aid-to-Instruction year-to-date revenues are under budget by 14% or $424,800 due to Agronomy Farm,

Arabian Horse Center, Farm Store, Meat Lab and Fruit Industries, costs of goods are 22% versus 22% of budget and payroll and expenditures are 80% versus 73% of budget generating a year-to-date deficit of $58,316 versus a budgeted surplus of $144,437 due to Agronomy Farm, Beef Unit, Arabian Horse Center, Farm Store, Meat Lab, Sheep Unit, Vet Clinic, Swine Unit and Danny’s Farm.

Continuing Education year-to-date revenues exceed budget by 4% or $153,162; payroll and expenditures are 81% versus 91% of budget generating a year to date surplus of $732,506 versus a budgeted surplus of $343,059 mainly due to CPELI Programs.

Foundation Programs–Unrestricted includes the activities that are not third party donor imposed stipulations. Year to date revenues are 68% or $208,098 less than budgeted and 67% or $218,459 short of prior year due to transfers of prior fiscal year indirect cost recoveries allocation between unrestricted and restricted programs; expenditures (excluding Transfers to the University # 7344 and Roth Project 461830) are 99% or $1,080 short of budget and exceed prior year by 65% or $259,776 generating a year to date deficit of $207,105 versus a zero budget.

Endowment/Investment revenues are 73% or $3.5 million short of budget mainly due to unrealized investment losses; expenditures are 99.4% or $27,215 short of budget, generating a surplus less than budgeted due to the performance of the Endowment Portfolio.

Foundation Programs-Restricted revenues exceed budget by 68% or $5.0 million due to the annual endowment distribution was recorded in September and revenues were budgeted evenly over the fiscal year; expenditures exceed budget by 60% or $3.2 million generating a surplus greater than budgeted.

If you have any question or need additional information, please contact David Prenovost at dfprenovost@cpp.edu or call 909.869.2948.

24

Resolution Number

Document Subject Brief Description of Resolution

471 Investment Highlights–Second Quarter 2014-15

BOD approves that the quarterly investment reports are in compliance with the investment policies.

472 Election of Officers for 2015-2016 BOD approves the slate of officers presented by the Nominating Committee for the fiscal year 2015-2016

473 2015-2016 Budget BOD approves the Proposed Operating and Capital Budgets for fiscal year 2015-16 and forecasts for fiscal year 2014-15 for General Activities, Enterprise Activities, Supplemental Programs, Designated Gifts, Reserves and the long-range cash plan/reserve

474 PARS 457 Plan Vacation/Sick Leave Conversion Program

BOD has reviewed the surplus, reserves and debt service coverage and approves the funding for the PARS Vacation/Sick Leave Conversion Plan of Cal Poly Pomona Foundation, Inc. effective June 30, 2015

475 Foundation Employee Handbook Update BOD approves the changes to the Employee Handbook for the paid sick for part time employees and the video camera policy change effective July 1, 2015

476 Policy 120 Update-Donor Advised Fund Program

BOD approves the establishment of a Donor Advised Fund Program and accordingly the changes to the Acceptance of Donations Policy # 120 (formerly the In-Kind Donations) and authorizes the Executive Director to take any and all actions necessary and convenient to establish a Donor Advised Fund Program.

Resolutions Passed at Board Meeting #363