A REPORT TO OUR MEMBERS
You may not realize that as a student, faculty or staff person of the University of Oregon, you are a member of the
University Bookstore. The purpose of this report is to inform you about the current operation of the Bookstore.
Purpose of the Bookstore
Established as a non-profit organization in 1920, the University
Bookstore is operated for the benefit of the students, faculty and staff of
the University of Oregon. The Bookstore operates with the expressed
commitment of providing required textbooks and supplies at the lowest
possible price.
University of Oregon students pay less for their textbooks than most
students elsewhere in the United States. The textbook discount, which
was increased from 10% to 11% winter quarter, saves students over
$160,000 each year.
We belong to the Western College Bookstore Association (WCBA), a
group of 5 5 major college bookstores located in the seven western states,
enabling us to pool our buying power on paper goods and provide high
quality paper supplies at low prices to our membership. You will find
the selection of spirals and filler paper that is offered at the Bookstore to
be the best in town.
The Bookstore also provides special services to its members ranging
from no charge check cashing to free giftwrapping on store purchases.
Board of Directors
The operation of the University Bookstore is governed by an elected Board of
Directors comprised of 8 students and 2 faculty persons. The present members
of the Board of Directors are:
JEFF WARREN
PETE SHEPHERD
ANN NAKASHIMA
DAVE TYLER
MARY SANDELL
MARK FARLEY
JANET EGGLESTON
ROCKY SCHATZ
STEVE GIRSCH
MURIEL JACKSON
President
Vice-President
Secretary
Treasurer
Senior, Urban Geography
3rd year, Law
Senior, Accounting
Senior, Marketing
2nd year, Law
Junior, Chemistry
Junior, Economics
Sophomore, Undeclared
Res. Associate, Molecular Biology
Director, University Relations
The Board is the policy making body of the Bookstore. The Board holds
monthly meetings and the members are invited to attend. An agenda is posted
in the Bookstore prior to each meeting. You can also contact the Bookstore’s
General Manager, Jim Williams, for details (686-4331).
STATEMENT OF DISPOSITION OF REVENUE
Year Ended June 30,1978
REVENUE - Merchandise sales
DISPOSITION OF REVENUE:
Cost of merchandise sold
Salaries
Other operating expenses - Net
Principal and interest payments on
building mortgage note
Other -
Purchase of properties
Increase merchandise inventory
Other decreases in working capital
47,033
161,815
(84,621)
$3,800,079
2,930,050
474,421
228,160
43,221
124,227
Total as above
$3,800,079
DISPOSITION OF SALES DOLLAR
Cost of Merchandise Sold
Salaries
Other Operating Expenses
Mortgage Note Payments
Net Income*
* Being a non-profit corporation, the Bookstore’s income made after expenses is
used toward improving the store’s operation.
The figures on the above explain how the revenue from sales for Fiscal Year
1977-78 was utilized. The pie chart depicts the disposition of the sales dollar for
the same period.
Financial Information
The Bookstore is a bustling business. Thousands of customers pass through the
doors every day availing themselves to the diversity of merchandise and services
offered. Sales in Fiscal Year 1977-78 amounted to $3,800,079, with close to 50%
being textbook sales. Because the Bookstore discounts textbooks, it absorbs a
financial loss with the sale of every new text.
The finances of the Bookstore are monitored closely by the Board of Directors to
assure the Bookstore operates as close to the financial break-even point as possible,
but realizing a cash flow adequate to remain in business. In an attempt to adjust
the financial results so as to best benefit the membership, the Board recently raised
the textbook discount from 10% to 11%. Any financial success the Bookstore
enjoys is passed along to the membership in either lower prices, improved
selection of merchandise or better service.
Current Bookstore Activities
The Board of Directors has been working in the following areas:
Responsiveness to the membership. Through membership surveys, the
Bookstore has responded to many membership suggestions. Expanded
hours of operation (open until 5:30 p.m. on weekdays and 2:00p.m. on
Saturdays), cash-only line in the book department during book rushes,
the sale of tickets to various campus events, a campus telephone and the
addition of a bike rack and benches outside are examples of some changes
and improvements. There is a Sounding Board box located on the second
floor awaiting your suggestions.
Internal improvements. To better serve our members the Bookstore must
be efficient. The board, after careful consideration, recently invested in
a business computer and cash registers. It is the Board’s intent that the
investment will be repaid many times over through improved
efficiency.
Long term planning. In order for the Bookstore to meet the future needs of
the membership, long-range planning is needed now. The Board
authorized a feasibility study to determine what alternatives, if any, the
Bookstore has to expand its operation. The success of tomorrow depends
a great deal on the quality of planning that is done today. Membership
suggestions are actively sought.
U. OF O. BOOKSTORE — SERVING ITS MEMBERS SINCE 1920