| Attachment C to AD NOAT
05-25 |
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| TABLE
3 |
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| THE
CALIFORNIA STATE UNIVERSITY HOUSING PROGRAM |
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| 2004/05
Centrally Paid Cost - Debt Service Transfers Summary |
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| Campus |
04/05 Debt Service
Principal
Interest
Total |
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15% Reserve |
04/05 Debt
Service Transfers |
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| Bakersfield |
0 |
0 |
0 |
0 |
0 |
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| Channel Islands |
0 |
427,744 |
427,744 |
64,162 |
491,906 |
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| Chico |
454,339 |
284,531 |
738,870 |
110,831 |
849,701 |
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| Dominguez Hills |
360,000 |
474,563 |
834,563 |
125,184 |
959,747 |
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| Fresno |
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0 |
0 |
0 |
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| Fullerton |
623,000 |
1,304,876 |
1,927,876 |
289,181 |
2,217,057 |
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| Hayward |
172,000 |
174,072 |
346,072 |
51,911 |
397,983 |
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| Humboldt |
509,502 |
529,574 |
1,039,076 |
155,861 |
1,194,937 |
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| Long Beach |
883,463 |
544,317 |
1,427,780 |
214,167 |
1,641,947 |
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| Los Angeles |
734,690 |
515,429 |
1,250,120 |
187,518 |
1,437,638 |
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| Northridge |
2,128,839 |
2,620,468 |
4,749,307 |
712,396 |
5,461,703 |
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| Pomona |
541,564 |
1,168,612 |
1,710,176 |
256,526 |
1,966,702 |
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| Sacramento |
175,000 |
297,425 |
472,425 |
70,864 |
543,289 |
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| San Bernardino |
505,000 |
1,464,263 |
1,969,263 |
295,389 |
2,264,652 |
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| San Diego |
1,624,094 |
3,091,769 |
4,715,862 |
707,379 |
5,423,241 |
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| San Francisco |
859,962 |
1,365,974 |
2,225,936 |
333,890 |
2,559,826 |
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| San Jose |
295,418 |
57,363 |
352,781 |
52,917 |
405,698 |
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| San Luis Obispo |
1,040,445 |
2,441,720 |
3,482,165 |
522,325 |
4,004,490 |
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| San Marcos |
0 |
0 |
0 |
0 |
0 |
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| Sonoma |
1,483,849 |
3,717,352 |
5,201,201 |
780,180 |
5,981,381 |
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| Stanislaus |
0 |
413,557 |
413,557 |
62,034 |
475,591 |
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| Total |
12,391,164 |
20,893,606 |
33,284,774 |
4,992,715 |
38,277,489 |
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| Campus Journal
Entry Required (FIRMS): |
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| Sub-Code Debit |
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| Acct. Control Credit |
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Net
Revenue Debt Service Coverage Ratio (DSCR) 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 (1) |
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then, 15% reserve (of debt
service payment) = $112,500 (1) |
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and annual debt service
transfer = $862,500 |
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Therefore, DSCR = $5,000,000/$750,000 = 6.67 |
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| (1) As noted
above, this should be recorded as "Transfer Out" (680126) in FIRMS. |
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