Attachment B to AD NOAT 05-148
TABLE 2
THE CALIFORNIA STATE UNIVERSITY PARKING PROGRAM
2005/06 Debt Service Transfers Summary
(REVISED 6/7/05)
Campus	05/06 SRB Series 2002A Debt Service         Principal              Interest             Total			05/06 SRB Series 2002A                   15% Reserve		05/06 SRB Series 2004A Debt Service                                         Principal          Interest               Total			05/06 SRB Series 2004A                   15% Reserve		05/06 SRB Series 2005A Debt Service                                                             Principal             Interest         Total			05/06 SRB Series 2005A                   15% Reserve		05/06 Debt Service Transfers
Bakersfield	-	-	-	-		-	-	-	-		-	-	-	-		0
Channel Islands (3)	-	-	-	-		6,293	17,288	23,581	3,537		-	-	-	-		27,118
Chico	-	-	-	-		-	-	-	-		-	-	-	-		0
Dominguez Hills	-	-	-	-		-	-	-	-		-	-	-	-		0
Fresno	-	-	-	-		-	-	-	-		-	-	-	-		0
Fullerton	-	-	-	-		505,000	987,519	1,492,519	223,878		-	-	-	-		1,716,397
Hayward	-	-	-	-		-	-	-	-		-	-	-	-		0
Humboldt	-	-	-	-		-	-	-	-		-	-	-	-		0
Long Beach	-	-	-	-		-	-	-	-		-	-	-	-		0
Los Angeles	-	-	-	-		265,000	530,150	795,150	119,273		-	-	-	-		914,423
Northridge	225,000	445,373	670,373	-	(2)	-	311,563	311,563	46,734		-	-	-	-		1,028,670
Pomona	-	-	-	-		-	-	-	-		-	-	-	-		0
Sacramento	145,000	259,584	404,584	-	(2)	-	-	-	-		-	-	-	-		404,584
San Bernardino (4)	-	-	-	-		-	-	-	-		44,280	153,085	197,365	29,605		226,970
San Diego	-	-	-	-		-	-	-	-		-	-	-	-		0
San Francisco	-	-	-	-		-	-	-	-		-	-	-	-		0
San Jose	-	-	-	-		-	-	-	-		-	-	-	-		0
San Luis Obispo	-	-	-	-		-	-	-	-		-	-	-	-		0
San Marcos	-	-	-	-		-	-	-	-		-	-	-	-		0
Sonoma	175,000	454,330	629,330	-	(2)	-	-	-	-		-	-	-	-		629,330
Stanislaus	-	-	-	-		-	-	-	-		-	-	-	-		0
Total	545,000	1,159,286	1,704,287	-		776,293	1,846,519	2,622,813	393,422		44,280	153,085	197,365	29,605		4,947,492
	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 on attachment A, this should be recorded as "Transfer Out" (680126) in FIRMS.
(2) 15% debt service reserves have been collected in prior years.
(3) Revision of coded memo FT 05-02 Attachment B dated May 11, 2005 to include parking portion of Channel Islands student housing phase I project.
(4) Revision of coded memo FT 05-02 Attachment B dated May 11, 2005 to include parking portion of San Bernardino ACT housing purchase project.