2012/13 Supplemental Documentation

Special Funds

Housing Program

The Housing Program at CSU provides residential facilities for students.

The State Dormitory Construction Fund was established under the State Revenue Bond Act of 1947 and bonds were initially sold to support the construction of campus housing facilities. In 1957, the legislature approved a residence hall program, which was financed by both state and federal funds. Today the Housing Program is a self-supporting program deriving its revenues primarily from fees collected for the use of the residence facilities. Funds are used for current operating expenses, maintenance and repair, improvements to facilities, and interest and principal payments on outstanding bonds. After payment of all authorized charges, the balances in any of these funds remain available for future program expenses.

The 2012/13 CSU campus operated housing program design capacity is projected to total 40,473 spaces. In certain campuses, housing facilities are operated by Auxiliary Organizations.

The total projected revenue for fiscal year 2012/13 provides approximately $321 million for housing operations. From this amount, approximately $117.7 million is used for debt service for payments of principal and interest on revenue bonds issued to finance construction of student housing and major renovations.

CSU Campus-Operated Housing Program Design Spaces by Campus
Campus1 Actual 2010/11 Budgeted 2011/12 Projected 2012/13
Bakersfield 350 350 350
Channel Islands 820 820 820
Chico 1,850 1,850 1,850
Dominguez Hills 712 712 712
East Bay 1,296 1,296 1,296
Fullerton 832 1,832 1,832
Humboldt 2,012 2,012 2,012
Long Beach 1,962 1,962 1,962
Los Angeles 1,008 1,058 1,058
Maritime Academy 695 695 695
Northridge 3,395 3,395 3,395
Pomona 2,285 2,285 2,285
Sacramento 1,674 1,674 1,674
San Bernardino 1,553 1,553 1,553
San Diego 3,100 3,100 3,100
San Francisco2 2,555 2,555 2,555
San José 3,499 3,499 3,499
San Luis Obispo 6,219 6,219 6,219
Sonoma 3,146 3,146 3,146
Stanislaus 460 460 460
TOTAL 39,423 40,473 40,473

1 Housing facilities at the Fresno, Monterey Bay and San Marcos campuses are operated by Auxiliary Organizations.
2 Total number of bed spaces do not include 898 apartment units that are leased on a unit basis and not per bed space.