THE CALIFORNIA STATE UNIVERSITY

UNRELATED BUSINESS INCOME TAX WORKSHEET

For the Year Ending June 30, 1997

Campus:

Instructions: Prepare this worksheet using the attached 1996 instructions for Form 990-T Exempt Organization Business Income Tax Return and the following information:

The information provided by the campuses will be consolidated and used to prepare the CSU's 990T. As such, it is critical that all information be complete and accurate.
The worksheet is to be prepared using Fiscal Year 1996/97 data.
All unrelated business income should be reported. The $1,000 minimum taxable income threshold indicated in the instructions should be ignored.
The worksheet contains only the parts of the 990T that could be needed by a campus. Portions of the worksheet that are not applicable to your campus should be marked "N/A".
Indirect expenses allocated must be directly related to the income.
All necessary IRS forms, instructions and publications are available for downloading from the internet via the CSU Accounting Department Web site at: http://www.acct.co.calstate.edu/
Questions concerning worksheet preparation can be referred to your campus counsel or the Chancellor's Office.

Submit worksheet and schedules no later than October 15, 1997 to:

The California State University

Office of the Chancellor

400 Golden Shore, Suite 102

Long Beach, CA 90802-4275

Attention: Cash and Asset Manager

Book value of all assets at end of year

	PART I Unrelated Business Income		(A) Income	(B) Expenses	(C) Net
1a	Gross receipts or sales $______________
b	Less returns and allowances $______________	1c
2	Cost of goods sold (Schedule A, line 7)	2
3	Gross profit (subtract line 2 from line 1c	3
4a	Capital gain net income (attach Schedule D)	4a
b	Net gain (loss)(Form 4797, Part II, line 20) (attach Form 4797)	b
c	Capital loss deduction for trusts	c
5	Income (loss) from partnerships (attach statement)	5
6	Rent Income (Schedule C)	6
7	Unrelated debt-financed income (Schedule E)	7
8	Interest, annuities, royalties, and rents from controlled organizations (Schedule F)	8
10	Exploited exempt activity income (Schedule I)	10
11	Advertising Income (Schedule J)	11
12	Other income (see page 6 of instructions-attach schedule	12
13	TOTAL (combine lines 3 through 12)	13

	PART II Deductions Not Taken Elsewhere (See page 6 of the instructions for limitations on deductions.) (Except for contributions, deductions must be directly connected with the unrelated business income.)
14	Compensation of officers, directors, and trustees (Schedule K)	14
15	Salaries and wages	15
16	Repairs and maintenance	16
17	Bad debts	17
18	Interest (attach schedule).	18
19	Taxes and licenses	19
20	Charitable contributions (see page 8 of instructions for limitation rules)	20
21 22	Depreciation (attach Form 4562) 21 Less depreciation claimed on Schedule A or elsewhere on return 22a	22b
23	Depletion	23
24	Contributions to deferred compensation plans	24
25	Employee benefit programs	25
26	Excess exempt expenses (Schedule I)	26
27	Excess readership costs (Schedule J)	27
28	Other deductions (attach schedule)	28
29	TOTAL DEDUCTIONS (add lines 14 through 28)	29
30	Unrelated business taxable income before net operating loss deduction (subtract line 29 from line 13)	30
31	Net operating loss deduction	31
32	Unrelated business taxable income (subtract line 31 from line 30)	32

	PART IV Tax and Payments
39a	Foreign tax credit (corporations attach Form 1118; trusts attach Form 1116)
b	Other Credits. (see page 10 of the instructions)
c	General business credit-Check if from: Form 3800 Form (specify) ®

	PART V Statements Regarding Certain Activities and Other Information (See Instructions on page 11.)	Yes	No
1	At any time during the 1995 calendar year, did the organization have an interest in or a signature or other authority over a financial account in a foreign country ( such as a bank account, securities account, or other financial account)? If "Yes," enter the name of the foreign country here ®
2	Was the organization the grantor of , or transferor to, a foreign trust that existed during the current tax year, whether or not the organization any beneficial interest in it? If "Yes," the organization may have to file Forms 3520, 3520-A, or 926.
3	Enter the amount of tax-exempt interest received or accrued during the tax year ® $

	SCHEDULE A- COST OF GOODS SOLD
	Method of inventory valuation: Lower of cost or market
1	Inventory at beginning of year	1
2	Purchases	2
3	Cost of Labor	3
4a	Additional section 263A costs (attach schedule)	4a
b	Other costs (attach schedule)	b
5	TOTAL-Add lines 1 through 4b	5
6	Inventory at end of year	6
7	Cost of goods sold. Subtract line 6 from line 5. (enter here and on line 2, Part I.)	7
8	Do the rules of section 263A (with respect to property produced or acquired for resale) apply to the organization? Yes No

Under penalties of perjury, I declare that I have examined this worksheet, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete.

Signature of Campus President Date

Unrelated Business Income Summary:

Campus should summarize unrelated business income by category (i.e., corporate sponsorships, film fees, stadium rentals).

Source: Amount

TOTAL $