STONY BROOK UNIVERSITY<strong>Student</strong> Housing Feasibility StudyExpense AssumptionsPersonnel Expense Inflation Rate 5%Benefit Expense Inflation Rate 2%Utilities Expense Inflation Rate 7%Other Non-Personnel Expense Inflation Rate 4%EXPENSE ASSUMPTIONSPersonnel Expense Assumptions:Represented in Opening Day SalariesTotal Annual Total MonthlyStaff Compensation Salary SalaryPosition 1 General Manager 0 $65,000 $0 $0Position 2 Associate Mgr. - Programs (Hall Director) 1 $50,000 $50,000 $4,167Position 3 Business Manager 0 $40,000 $0 $0Position 4 Admin. Assistant 1 $35,000 $35,000 $2,917Position 5 Custodian* 0 $30,000 $0 $0Position 6 Maintenance 1 $45,000 $45,000 $3,750Position 7 Security Officer 0 $45,000 $0 $0Total 3 x $130,000 $10,833Benefit Rate**: 52.68% $68,484Salary Cost / Square Foot $0.95* Custodial Services assumed contracted.** The anticipated fringe benefit for FY 2011/2012. Benefit inflation assumed to stabalize at 2% thereafter.Non-Personnel Expense Assumptions:Represented in Today's DollarsAnnual Annual MonthlyExpense (Per SF) Expense ExpenseDivision Administration $1.12 $234,185 $19,515Programs $0.42 $87,819 $7,318Operations $2.67 $558,279 $46,523Utilities $2.13 $444,601 $37,050Financial Services $0.13 $27,182 $2,265Admin - Others $0.56 $117,092 $9,758RA Rent Waivers NA NA NATotal $7.03 $1,469,159 $122,430Total Operating Costs Per SF $7.98*Note: Expense assumptions provided by <strong>Stony</strong> <strong>Brook</strong> <strong>University</strong> Financial Services Administrator
STONY BROOK UNIVERSITYGraduate & Professional <strong>Student</strong> Housing Feasibility StudyDebt AssumptionsYear 1 2 3 4 5 6 7 8 9 10Beg. Balance $ 73,809,710 $ 72,698,768 $ 71,532,279 $ 70,307,465 $ 69,021,411 $ 67,671,054 $ 66,253, 179 $ 64,764,410 $ 63,201,203 $ 61,559,836Interest $ 3,690,486 $ 3,634,938 $ 3,576,614 $ 3,515,373 $ 3,451,071 $ 3,383,553 $ 3,312, 659 $ 3,238,221 $ 3,160,060 $ 3,077,992Principle $ 1,110,942 $ 1,166,489 $ 1,224,814 $ 1,286,054 $ 1,350,357 $ 1,417,875 $ 1,488, 769 $ 1,563,207 $ 1,641,367 $ 1,723,436Ending Balance $ 72,698,768 $ 71,532,279 $ 70,307,465 $ 69,021,411 $ 67,671,054 $ 66,253,179 $ 64,764, 410 $ 63,201,203 $ 61,559,836 $ 59,836,400AssumptionsAmount: ($73,809,710)Interest rate 5.00%Term 30Debt Service $4,801,428Years Interest Only 0