UO Bookstore
Annual Report
To the Members of the Bookstore
COST OF MERCHANDISE 76.9%
The largest percentage of the Bookstore's
dollar goes to cost of merchandise. We strive to
sell merchandise at the lowest possible price,
which is reflected by our textbook discount.
‘Customer theft accounts for approximately
1.6% of the cost of merchandise, or $65,000 per
year. This translates to approximately $4 per
member in increased costs.
SALARIES AND WAGES 13.5%
The Bookstore employs approximately 80 peo
ple, half of whom are students
OTHER OPERATING EXPENSES 6.7%
The Bookstore has its bills to pay: rent,
utilities, phone, postage and freight, mortgage
payments, repairs and maintenance. Through
cost-saving measures, the Bookstore staff reduc
ed operating expenses as a percentage of sales.
NET EARNINGS 2.9%
The Bookstore's net earnings are returned to
you — our Members. You saved money with:
regular discounts, our 11% discount on text
books, special sales and two storewide 20% dis
count sales.
The Bookstore returned over $308,000 to the
Membership through the textbook discount.
Fewer than 10 of the 2500 College Bookstores
nationwide discount textbooks. We are among
the highest in dollars returned to members.
(Net earnings are the smallest percentage of
the total revenue. The prices you pay are primari
ly for the cost of merchandise and operating
expenses.)
STATEMENT OF DISPOSITION OF REVENUE
FOR YEAR ENDING JUNE 30,1983
SOURCES OF REVENUE
MERCHANDISE SALES.$6,007,315
INTEREST INCOME.31,872
OTHER INCOME.33,969
TOTAL INCOME.$6,073,156
HOW REVENUE WAS SPENT
COST OF MERCHANDISE SOLD.$4,618,420
SALARIES AND WAGES.808,032
DEPRECIATION.45,339
OTHER OPERATING EXPENSES.421,884
INTEREST EXPENSE. 7,636
TOTAL COSTS & EXPENSES.$5,901,311
EXCESS OF REVENUES
OVER EXPENSES.$171,845
All students, faculty and classified staff of the University
of Oregon are Members of the UO Bookstore.
As a nonprofit corporation, any financial success the UO
Bookstore realizes is returned to its Members in the form of
lower prices, special discounts, improved merchandise selec
tion and better services.
Our Members are special to us. We work together toward a positive relationship. The Board
of Directors, elected by the Members, consists of eight students, two faculty and a classified
staff member.
UO BOOKSTORE BOARD OF DIRECTORS
TOP: Dick Schminke (Faculty), Fred Wilhelm (Classified Staff) MIDDLE: David Gold (Grad
Student), Henry Jacobson (Grad Student), Marie Hitz (Sophomore) FRONT: Tim McCloskey
(Junior), Andy Storment (Senior), Dale Penegor (Senior) NOT PICTURED: Michael Larson,
Muriel Jackson, Andrew Siegel.
The Board of Directors’ purpose is to ensure the Bookstore is
servicing the needs of its members. The Board’s long-term goals for the
Bookstore are: 1) to provide the merchandise and services you need
during your years at the University, 2) to provide the best product for the
price, 3) give the highest priority to academic supplies at the lowest cost.
This year the Board initiated a 10% discount on all books (text
and general) to our Members. By giving the discount we will be able
to maintain the quality selection now available in our General Book
Department.
Service to our Members is our priority. Our
members can help by giving us suggestions
and comments. On the stairway landing in
the Book Dept, is an area called “Sound
ing Board.“Many of the improvements at
the Bookstore have resulted from
suggestions made there.
WE DON’T MAKE A PROFIT
SO OUR MEMBERS WILL
13th & Kincaid
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| Serving Our Members Since 1920 BOOKSTORE lup^sse.4331