Attachment C to AD NOAT 05-39
TABLE 3
THE CALIFORNIA STATE UNIVERSITY HOUSING PROGRAM
2004/05 Centrally Paid Cost - Debt Service Transfers Summary
Campus	Principal	04/05 Debt Service      Interest	Total	15% Reserve	04/05 Debt Service Transfers
Bakersfield	0	0	0	0	0
Channel Islands	0	427,744	427,744	64,162	491,906
Chico	454,339	284,531	738,870	110,831	849,701
Dominguez Hills	360,000	474,563	834,563	125,184	959,747
Fresno			0	0	0
Fullerton	623,000	1,304,876	1,927,876	289,181	2,217,057
Hayward	172,000	174,072	346,072	51,911	397,983
Humboldt	509,502	529,574	1,039,076	155,861	1,194,937
Long Beach	883,463	544,317	1,427,780	214,167	1,641,947
Los Angeles	734,690	515,429	1,250,120	187,518	1,437,638
Northridge	2,128,839	2,620,468	4,749,307	712,396	5,461,703
Pomona	541,564	1,168,612	1,710,176	256,526	1,966,702
Sacramento	175,000	297,425	472,425	70,864	543,289
San Bernardino	505,000	1,464,263	1,969,263	295,389	2,264,652
San Diego	1,624,094	3,091,769	4,715,862	707,379	5,423,241
San Francisco	859,962	1,365,974	2,225,936	333,890	2,559,826
San Jose	295,418	57,363	352,781	52,917	405,698
San Luis Obispo	1,040,445	2,441,720	3,482,165	522,325	4,004,490
San Marcos	0	0	0	0	0
Sonoma	1,483,849	3,717,352	5,201,201	780,180	5,981,381
Stanislaus	0	413,557	413,557	62,034	475,591
Total	12,391,164	20,893,606	33,284,774	4,992,715	38,277,489
Campus Journal Entry Required (FIRMS):
Sub-Code Debit
Acct. Control Credit
	Net Revenue Debt Service Coverage Ratio (DSCR) 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 (1)
	then, 15% reserve (of debt service payment) = $112,500 (1)
	and annual debt service transfer = $862,500
	Therefore, DSCR = $5,000,000/$750,000 = 6.67
(1) As noted above, this should be recorded as "Transfer Out" (680126) in FIRMS.