| Attachment C to AD NOAT 04-28 |
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| TABLE 3 |
| THE
CALIFORNIA STATE UNIVERSITY HOUSING PROGRAM |
| 2003/04
Centrally Paid Cost - Debt Service Transfers Summary |
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| Campus |
03/04 Old Debt Service Principal Total
Interest |
03/04 Series 2002-A Debt Service Principal Total Interest |
03/04 Series 2003-A Debt Service Principal
Total Interest |
03/04 Total Debt Service Payments |
15% Reserve |
03/04 Debt
Service Transfers |
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| Bakersfield |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
| Chico |
444,339 |
301,424 |
745,763 |
0 |
0 |
0 |
0 |
0 |
0 |
745,763 |
111,864 |
857,627 |
| Dominguez Hills |
350,000 |
489,700 |
839,700 |
0 |
0 |
0 |
0 |
0 |
0 |
839,700 |
125,955 |
965,655 |
| Fresno |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
| Fullerton |
210,900 |
241,767 |
452,667 |
385,000 |
1,086,818 |
1,471,818 |
0 |
0 |
0 |
1,924,485 |
288,673 |
2,213,158 |
| Hayward |
159,100 |
182,386 |
341,486 |
0 |
0 |
0 |
0 |
0 |
0 |
341,486 |
51,223 |
392,709 |
| Humboldt |
484,502 |
551,571 |
1,036,073 |
0 |
0 |
0 |
0 |
0 |
0 |
1,036,073 |
155,411 |
1,191,484 |
| Long Beach |
837,179 |
600,604 |
1,437,783 |
0 |
0 |
0 |
0 |
0 |
0 |
1,437,783 |
215,667 |
1,653,450 |
| Los Angeles |
696,446 |
550,860 |
1,247,306 |
0 |
0 |
0 |
0 |
0 |
0 |
1,247,306 |
187,096 |
1,434,402 |
| Northridge |
1,976,919 |
2,882,760 |
4,859,679 |
0 |
0 |
0 |
0 |
0 |
0 |
4,859,679 |
728,952 |
5,588,631 |
| Pomona |
116,564 |
15,244 |
131,808 |
0 |
0 |
0 |
0 |
581,089 |
581,089 |
712,897 |
106,935 |
819,832 |
| Sacramento |
165,000 |
305,843 |
470,843 |
0 |
0 |
0 |
0 |
0 |
0 |
470,843 |
70,626 |
541,469 |
| San Bernardino |
190,000 |
663,209 |
853,209 |
290,000 |
824,441 |
1,114,441 |
0 |
0 |
0 |
1,967,650 |
295,148 |
2,262,798 |
| San Diego |
1,549,070 |
3,163,788 |
4,712,858 |
0 |
0 |
0 |
0 |
0 |
0 |
4,712,858 |
706,929 |
5,419,787 |
| San Francisco |
804,962 |
1,130,814 |
1,935,776 |
0 |
0 |
0 |
0 |
0 |
0 |
1,935,776 |
290,366 |
2,226,142 |
| San Jose |
295,418 |
66,225 |
361,643 |
0 |
0 |
0 |
0 |
0 |
0 |
361,643 |
54,246 |
415,889 |
| San Luis Obispo |
150,445 |
19,675 |
170,120 |
855,000 |
2,454,959 |
3,309,959 |
0 |
0 |
0 |
3,480,079 |
522,012 |
4,002,091 |
| San Marcos |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
| Sonoma |
810,319 |
1,808,919 |
2,619,238 |
0 |
0 |
0 |
0 |
0 |
0 |
2,619,238 |
392,886 |
3,012,124 |
| Stanislaus |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
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| Total |
9,241,164 |
12,974,786 |
22,215,952 |
1,530,000 |
4,366,218 |
5,896,218 |
0 |
581,089 |
581,089 |
28,693,259 |
4,303,989 |
32,997,248 |
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Net Income Coverage Calculation |
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Example: |
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If annual revenue =
$15,000,000 |
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and annual operating expense = $10,000,000 |
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then, annual net income = $5,000,000 |
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If annual debt service payment = $750,000 |
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then, 15% reserve (of debt service payment) = $112,500 |
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and annual debt service transfer = $862,500 |
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Therefore, Net Income Coverage = $5,000,000/$750,000 = 6.67 |
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