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About Oregon daily emerald. (Eugene, Or.) 1920-2012 | View Entire Issue (Feb. 16, 1981)
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, Inc. 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. The Bookstore saved its membership over $275,000 last year through the discounting of textbooks. University of Oregon students pay less for their textbooks than most students elsewhere in the United States. The textbook discount, which was established at 11% in January 1979, saves students money. Books selling for $50.00 most anywhere else in the United States sell for $44.50 at the University of Oregon Bookstore. We belong to the Western College Bookstore Association (WCBA), a group of 55 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 offered at the Bookstore to be the best in town. The Bookstore also provides special services to its members. Some of these services are: • no charge check cashing ($20.00 limit) • postage stamps • tickets to some campus events • LTD fast passes • Emerald classifieds • free notary public • self-service photo copiers (5C) • free gift wrapping of Bookstore merchandise • film and film processing • rental typewriters • key duplicating • cassette tape duplicating • bake sale tables for non-profit campus groups • many more services. Ask at the main office for a complete list. Board of Directors The operation of the University Bookstore is governed by an elected Board of Directors comprised of eight students, two faculty persons and one classified staff person. The present members of the Board of Directors are: Steve Baker G. Linwood Cross, Jr. Gary McMahon Scott J. Drysdale Martin Kehoe Ted Shimanuki Wayne Shinseki Andy Vandermolen Roger Cardinal Robert Lang Muriel K. Jackson President Vice President Secretary Treasurer Classified Staff Faculty Faculty Junior, Architecture Graduate, Finance Senior, German Graduate, Finance Sophomore, Business Junior, Marketing Junior, Marketing Senior, General Sciences Office of Management & Budget History Department Asst, for Administration, Office for the President The Board is the policy-making body of the Bookstore. The Board holds monthly meetings and the members are invited to attend and address the Board. An agenda is posted in the Bookstore prior to each meeting. You may also contact the Bookstore s general manager, Jim Williams, for details (676-4331). Disposition of Sales Dollar 1979-80 Fiscal Year * As a non-profit corporation, the Bookstore’s income after expenses is used to improve the store’s operation. The figures below explain the disposition of revenue for Fiscal Year 1979-80. The pie chart above depicts the disposition of the sales dollar for the same period. Statement of Disposition of Revenue Year Ended June 30,1980 REVENUE Merchandise sales Interest income Other TOTAL REVENUES DISPOSITION OF REVENUE Cost of merchandise sold Salaries Other operating income Interest expense TOTAL COSTS AND EXPENSES NET EARNINGS Financial Information The Bookstore is a bustling business. Thousands of customers pass through the doors every day availing themselves of the diversity of merchandise and services offered. Sales in Fiscal Year 1979-80 amounted to $5,006,384 with 45% of sales being in the textbook department. Because the Bookstore discounts textbooks, it absorbs a financial loss with the sale of every new text. $5,006,384 27,960 14,277 $5,048,621 3,825,819 636,081 392,436 12,645 $4,866,987 $181,634* The Bookstore is organized as a non-profit corporation. The finances of the Bookstore are monitored closely by the Board of Directors to assure that the Bookstore operates as close to the financial break-even point as possible while realizing a cash flow adequate to remain in business. The net income from sales of $5,006,384 was $181,634, or 3.6C out of every sales dollar. Net income was used in part to expand the selection of inventory, purchase a truck to transport merchandise between the Bookstore's warehouse and the Bookstore and to finance the remodeling that was done over the summer. The Board works hard to adjust the financial results of the Bookstore to best serve the membership. The textbook discount, year round discounts on certain merchandise throughout the store, special sales, and occasional store-wide discount days like the one held during finals week Fall Term, are examples of how this is accomplished Any financial success the Bookstore enjoys is passed along to the membership in the form of lower prices, improved selection of merchandise or better service. The U of O Bookstore — Serving its members since 1920.
