Attachment B - AD NOAT 04-23
TABLE 2
THE CALIFORNIA STATE UNIVERSITY PARKING PROGRAM
2003/04 Debt Service Transfers Summary
Campus	03/04 Series 2002-A Debt Service			03/04 Total Debt Service Payments	15% Reserve	03/04 Debt Service Transfers
	Principal	Interest	Total
Bakersfield	0	0	0	0	0	0
Chico	0	0	0	0	0	0
Dominguez Hills	0	0	0	0	0	0
Fresno	0	0	0	0	0	0
Fullerton	0	0	0	0	0	0
Hayward	0	0	0	0	0	0
Humboldt	0	0	0	0	0	0
Long Beach	0	0	0	0	0	0
Los Angeles	0	0	0	0	0	0
Northridge	210,000	460,548	670,548	670,548	100,582	771,130
Pomona	0	0	0	0	0	0
Sacramento	135,000	269,409	404,409	404,409	60,661	465,070
San Bernardino	0	0	0	0	0	0
San Diego	0	0	0	0	0	0
San Francisco	0	0	0	0	0	0
San Jose	0	0	0	0	0	0
San Luis Obispo	0	0	0	0	0	0
San Marcos	0	0	0	0	0	0
Sonoma	165,000	466,255	631,255	631,255	94,688	725,943
Stanislaus	0	0	0	0	0	0
Total	510,000	1,196,211	1,706,212	1,706,212	255,931	1,962,143
	Net Income Coverage Calculation
	Example:
	If annual revenue = $15,000,000
	and annual operating expense = $10,000,000
	then, annual net income = $5,000,000
	If annual debt service payment = $750,000
	then, 15% reserve (of debt service payment) = $112,500
	and annual debt service transfer = $862,500
	Therefore, Net Income Coverage = $5,000,000/$750,000 = 6.67