2015/16 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 2015/16 CSU campus operated housing program design capacity is projected to total 41,095 spaces. In certain campuses, housing facilities are operated by Auxiliary Organizations.

The total projected revenue for fiscal year 2015/16 provides approximately $397.7 million for housing operations. From this amount, approximately $127.6 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 2013/14 Budgeted 2014/15 Projected 2015/16
Bakersfield 350 350 350
Channel Islands 820 820 820
Chico 1,839 1,839 1,839
Dominguez Hills 712 712 712
East Bay 1,297 1,297 1,297
Fullerton 1,918 1,918 1,918
Humboldt 2,013 2,013 2,013
Long Beach 1,962 1,962 1,962
Los Angeles 1,069 1,069 1,069
CSU Maritime Academy 749 749 749
Northridge 3,431 3,431 3,831
Pomona 2,281 2,281 2,281
Sacramento 1,672 1,672 1,672
San Bernardino 1,529 1,529 1,529
San Diego 3,091 3,091 3,091
San Francisco2 2,747 2,747 2,747
San José 3,370 3,370 3,370
San Luis Obispo 6,239 6,239 6,239
Sonoma 3,146 3,146 3,146
Stanislaus 460 460 460
TOTAL 40,695 40,695 41,095

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 959 apartment units that are leased on a unit basis and not per bed space.