Attachment B to AD NOAT 05-40
TABLE 2
THE CALIFORNIA STATE UNIVERSITY PARKING PROGRAM
2004/05 Debt Service Transfers Summary
Campus	Principal	04/05 Debt Service                                                                        Interest	Total	15% Reserve		04/05 Debt Service Transfers
Bakersfield	-	-	-	0		0
Chico	-	-	-	0		0
Dominguez Hills	-	-	-	0		0
Fresno	-	-	-	0		0
Fullerton	-	496,915	496,915	74,537		571,452
Hayward	-	-	-	0		0
Humboldt	-	-	-	0		0
Long Beach	-	-	-	0		0
Los Angeles	-	266,731	266,731	40,010		306,741
Northridge	215,000	453,635	668,635	100,295		768,930
Pomona	-	-	-	0		0
Sacramento	140,000	264,934	404,934	60,740		465,674
San Bernardino	-	-	-	0		0
San Diego	-	-	-	0		0
San Francisco	-	-	-	0		0
San Jose	-	-	-	0		0
San Luis Obispo	-	-	-	0		0
San Marcos	-	-	-	0		0
Sonoma	170,000	460,805	630,805	94,621		725,426
Stanislaus	-	-	-	0		0
Total	525,000	1,943,020	2,468,020	370,203		2,838,223
Campus Journal Entry (FIRMS):
Sub-code Debit
Acct. Contral 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.