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Revenue Bonds & BANs - GAAP Passdown Entries from CO
December 2008Version 1.0
2
Revenue Bond Passdown Schedule
The passdown schedules and entries are grouped by program (e.g. Union, Housing, Parking)
Each program has its own schedule and set of entries Each Schedule is broken down into sections:
– Debt rollforward– Invested in Capital Assets Net Asset category entries– Restricted Debt Service Net Asset category entries– Restricted Capital Projects Net Asset category entries– Unrestricted Net Asset category entries– Footnote disclosure
3
Debt Rollforward
Outstanding bonds and BANs at the beginning of the year by series Current year activities (e.g. new issuance, BAN rollover, principal payments or BAN payoff, and
bond defeasance) Outstanding bonds and BANs at the end of the year Interest expense for the year by series (may be used for capitalization of interest cost) Accrued interest expense liability at 6/30/CY Unamortized net premium/discount or loss at the beginning of the year by series New premium/discount or loss Current year amortization expense Unamortized net premium/discount or loss at the end of the year
(A) (B) (B1) (C) (C1) (D)=(A+B+B1-C-C1) (E) (F)
Series LT Debt New Debt
Rollover &
I nterest
Principal
Payments Ref unded LT Debt I nterest Exp
Other Liabilities-
Current (Accrued
I nterest)
6/ 30/ 07 6/ 30/ 08 07/ 08 6/ 30/ 08
2005C 22,430,000 495,000 21,935,000 1,062,258 176,218
BAN 4,307,000 43,161 4,350,161 - 39,278
2008A 23,730,000 23,730,000 255,540 255,540
22,430,000 28,037,000 43,161 4,845,161 - 45,665,000 1,357,076 431,758
Unamortized Net
Prem/ (Disc/ Loss) Addition
CY
Amortization
Unamortized Net
Prem/ (Disc/ Loss)
2005C Prem 1,013,549 41,653 971,896
2008A Prem 176,680 1,377 175,303
Total 23,443,549 28,213,680 43,161 4,888,191 - 46,812,199
Campus to transfer to "Invested in capital assets, net of related debt" net asset category once the related debt in its entirety has been moved there.
4
Passdown Entries
By net asset categories Current year activities (not limited to debt rollforward) Reversal of prior year accruals Reclassification entries
(A) (B) (B1) (C) (C1) (D)=(A+B+B1-C-C1) (E) (F)
Series LT Debt New Debt
Rollover &
I nterest
Principal
Payments Ref unded LT Debt I nterest Exp
Other Liabilities-
Current (Accrued
I nterest)
6/ 30/ 07 6/ 30/ 08 07/ 08 6/ 30/ 08
2005C 22,430,000 495,000 21,935,000 1,062,258 176,218
BAN 4,307,000 43,161 4,350,161 - 39,278
2008A 23,730,000 23,730,000 255,540 255,540
22,430,000 28,037,000 43,161 4,845,161 - 45,665,000 1,357,076 431,758
Unamortized Net
Prem/ (Disc/ Loss) Addition
CY
Amortization
Unamortized Net
Prem/ (Disc/ Loss)
2005C Prem 1,013,549 41,653 971,896
2008A Prem 176,680 1,377 175,303
Total 23,443,549 28,213,680 43,161 4,888,191 - 46,812,199
Campus to transfer to "Invested in capital assets, net of related debt" net asset category once the related debt in its entirety has been moved there.
CURRENT YEAR ACTIVITIES: Debit Credit
Invested in Capital Assets, net of Related Debt (0997.501)
1) Long-term debt obligations - noncurrent 515,000
Long-term debt obligations - current 495,000
Transf er to/ f rom other f unds 495,000 (a)
Long-term debt obligations - current 515,000
Record current year principal payments and allocation of current debt. 1,010,000 1,010,000 -
5
Invested in Capital Assets, net of Related Debt Entries SCO Fund 0997 - General Fixed Asset Group
Current year principal payment from debt service transfers from campus [see note (a)] Reclassify next year’s principal debt obligation from noncurrent to current
(A) (B) (B1) (C) (C1) (D)=(A+B+B1-C-C1) (E) (F)
Series LT Debt New Debt
Rollover &
I nterest
Principal
Payments Ref unded LT Debt I nterest Exp
Other Liabilities-
Current (Accrued
I nterest)
6/ 30/ 07 6/ 30/ 08 07/ 08 6/ 30/ 08
2005C 22,430,000 495,000 21,935,000 1,062,258 176,218
BAN 4,307,000 43,161 4,350,161 - 39,278
2008A 23,730,000 23,730,000 255,540 255,540
22,430,000 28,037,000 43,161 4,845,161 - 45,665,000 1,357,076 431,758
Invested in Capital Assets, net of Related Debt (0997.501)
1) Long-term debt obligations - noncurrent 515,000
Long-term debt obligations - current 495,000
Transf er to/ f rom other f unds 495,000 (a)
Long-term debt obligations - current 515,000
Record current year principal payments and allocation of current debt. 1,010,000 1,010,000 -
(a) The sum is the transf ers-out of your Fund 0580/ 0948 to the Chancellor's Offi ce Fund 0578 (see CPO 07-0080 and CPO 07-0373).
FOOTNOTE DISCLOSURE INFORMATION:
Footnote (7) Disclosure
Principal 2005C 2008A Total
2008/ 09 515,000 515,000
6
Invested in Capital Assets, net of Related Debt Entries (cont’d)
Record current year amortization expense
(A) (B) (B1) (C) (C1) (D)=(A+B+B1-C-C1) (E) (F)
Series LT Debt New Debt
Rollover &
I nterest
Principal
Payments Ref unded LT Debt I nterest Exp
Other Liabilities-
Current (Accrued
I nterest)
6/ 30/ 07 6/ 30/ 08 07/ 08 6/ 30/ 08
2005C 22,430,000 495,000 21,935,000 1,062,258 176,218
BAN 4,307,000 43,161 4,350,161 - 39,278
2008A 23,730,000 23,730,000 255,540 255,540
22,430,000 28,037,000 43,161 4,845,161 - 45,665,000 1,357,076 431,758
Unamortized Net
Prem/ (Disc/ Loss) Addition
CY
Amortization
Unamortized Net
Prem/ (Disc/ Loss)
2005C Prem 1,013,549 41,653 971,896
2008A Prem 176,680 1,377 175,303
Total 23,443,549 28,213,680 43,161 4,888,191 - 46,812,199
Campus to transfer to "Invested in capital assets, net of related debt" net asset category once the related debt in its entirety has been moved there.
Invested in Capital Assets, net of Related Debt (0997.501)
1.1) Long-term debt obligations - noncurrent 43,030
I nterest expenses (amortization of bond prem) 43,030
Record amortization of bond premium/ loss on refunding
7
Restricted Expendable Debt Service EntriesSCO Fund 0578 - Interest & Redemption Fund
Current year interest expense (may be capitalizable) Current year investment receivable - 4th quarter SMIF (reverse in following year) Debt service transfers-in from campus [see note (a)] Investment income Investment income from bond proceeds (may be capitalizable) Transfer-in of bond proceeds set aside to pay future debt services (also called in capitalized interest in financing terms) Accrued interest expense payable (reverse in following year) Increase/decrease to investments based on above transactions Reversal of prior year interest expense accrual
Restricted Expendable Debt Service (0578.242)
2) I nterest expenses 1,496,491 (Ref er to 2008 GAAP manual, section 5-7)
Account receivable - current (4th qtr investment earnings accrual) 14,073 (Reverse in 08/ 09 against investment income)
ST I nvestments (held by CO) 1,752,628
Transf er to/ f rom other f unds 1,064,733 (a)
I nvestment income 8,009
I nvestment income (f rom capitalized interest) 12,160 (Ref er to 2008 GAAP manual, section 5-7)
Transf er to/ f rom other f unds (capitalized interest) 1,746,532
Other liabilities - current 431,758 (Reverse in 08/ 09 against interest exp)
Record current year interest expense and investment income. 3,263,191 3,263,191 -
2r) Other liabilities - current 178,693
I nterest expenses 178,693
Reverse prior year interest expense accrual (if you have not done so already)
(a) The sum is the transf ers-out of your Fund 0580/ 0948 to the Chancellor's Offi ce Fund 0578 (see CPO 07-0080 and CPO 07-0373).
(A) (B) (B1) (C) (C1) (D)=(A+B+B1-C-C1) (E) (F)
Series LT Debt New Debt
Rollover &
I nterest
Principal
Payments Ref unded LT Debt I nterest Exp
Other Liabilities-
Current (Accrued
I nterest)
6/ 30/ 07 6/ 30/ 08 07/ 08 6/ 30/ 08
2005C 22,430,000 495,000 21,935,000 1,062,258 176,218
BAN 4,307,000 43,161 4,350,161 - 39,278
2008A 23,730,000 23,730,000 255,540 255,540
22,430,000 28,037,000 43,161 4,845,161 - 45,665,000 1,357,076 431,758
8
Restricted Expendable Debt Service Entries (cont’d)
Reversal of prior year investment income accrual Reclassify debt service reserve that is internally imposed to unrestricted net asset
category (reverse in following year). Note: This is only a book entry. The actual reserve is still in 0578-Interest and Redemption Fund on the rollforward schedule.
Reversal of prior year’s debt service reserve entry Reclassify capitalized interest in excess of next year’s debt service to restricted
expendable capital projects net asset category (reverse in following year). Note: This is only a book entry. The excess fund is still in 0578-Interest and Redemption Fund on the rollforward schedule.
Restricted Expendable Debt Service (0578.242)
2r) I nvestment income 1,087
Account receivable - current (4th qtr investment earnings accrual) 1,087
Reverse prior year interest income accrual (if you have not done so already)
2.4) ST investments (held by CO) 85,395
Transf er to/ f rom other f unds 85,395
Reclassify debt service reserves (not externally imposed) to Unrestricted Net Assets
2.4r) Transf er to/ f rom other f unds 81,429
ST investments (held by CO) 81,429
Reverse prior year debt service reserves to Unrestricted Net Assets
2.5) ST investments (held by CO) 535,570
Transf er to/ f rom other f unds 535,570
Reclassify capitalized interest in excess of next year' s debt service to Restricted Expendable Capital Projects
9
Restricted Expendable Capital Projects EntriesSCO Fund 0576 - Dormitory Construction Fund
Record new BAN proceeds Record BAN rollover (consists of accrued interest expense and additional principal) Record long-term debt, current from BAN issuance
Restricted Expendable Capital Projects (0576.222)
3) Other LT I nvestments (held by CO) 4,310,883
I nterest expenses 39,278
Long-term debt obligations - current 4,350,161
Record new BAN and/or BAN rollover. 4,350,161 4,350,161
(A) (B) (B1) (C) (C1) (D)=(A+B+B1-C-C1) (E) (F)
Series LT Debt New Debt
Rollover &
I nterest
Principal
Payments Ref unded LT Debt I nterest Exp
Other Liabilities-
Current (Accrued
I nterest)
6/ 30/ 07 6/ 30/ 08 07/ 08 6/ 30/ 08
2005C 22,430,000 495,000 21,935,000 1,062,258 176,218
BAN 4,307,000 43,161 4,350,161 - 39,278
2008A 23,730,000 23,730,000 255,540 255,540
22,430,000 28,037,000 43,161 4,845,161 - 45,665,000 1,357,076 431,758
10
Restricted Expendable Capital Projects EntriesSCO Fund 0576 - Dormitory Construction Fund (cont’d)
Record BAN payoff Transfer-out bond proceeds set aside to pay future debt services (also called in capitalized interest in financing terms). See other side on
slide 7. Record new debt Current year investment receivable - 4th quarter SMIF (reverse in following year) Operation & maintenance of plant from bond related expenses incurred by the SCO Investment income from unexpended bond proceeds by project (may be capitalizable) Record net premium (consists of bond premium, underwriter’s discount, bond insurance premium, and cost of issuance) Increase/decrease to investments based on above transactions
(A) (B) (B1) (C) (C1) (D)=(A+B+B1-C-C1) (E) (F)
Series LT Debt New Debt
Rollover &
I nterest
Principal
Payments Ref unded LT Debt I nterest Exp
Other Liabilities-
Current (Accrued
I nterest)
6/ 30/ 07 6/ 30/ 08 07/ 08 6/ 30/ 08
2005C 22,430,000 495,000 21,935,000 1,062,258 176,218
BAN 4,307,000 43,161 4,350,161 - 39,278
2008A 23,730,000 23,730,000 255,540 255,540
22,430,000 28,037,000 43,161 4,845,161 - 45,665,000 1,357,076 431,758
Unamortized
Net Addition
CY
Amortization
Unamortized Net
Prem/ (Disc/ Loss)
2005C Prem 1,013,549 41,653 971,896
2008A Prem 176,680 1,377 175,303
Total 23,443,549 28,213,680 43,161 4,888,191 - 46,812,199
Campus to transfer to "Invested in capital assets, net of related debt" net asset category once the related debt in its entirety has been moved there.
Restricted Expendable Capital Projects (0576.222)
3.1) Other LT I nvestments (held by CO) 17,886,989
Long-term debt obligations - current (BAN payoff ) 4,350,161 (b)
Transf er to/ f rom other f unds (capitalized interest) 1,746,532
Long-term debt obligations - noncurrent 23,730,000 (b)
Account receivable - current (4th qtr investment earnings accrual) 147,415 (Reverse in 08/ 09 against investment income)
Operation & maintenance of plant 3,337 Exclude 2008A bond issuance cost
I nvestment income (Project 00065 parking Structure 2) 27,929 (Ref er to 2008 GAAP manual, section 5-7)
I nvestment income (Project 00698 Parking Structure 3) 199,825 (Ref er to 2008 GAAP manual, section 5-7)
LT debt - noncurrent (net prem) 176,680 (campus to amortize over lif e of bond against interest exp)
Record BAN payoff and/or new debt, admin exp and investment income. 24,134,434 24,134,434 -
(b) Because CO does not know how much of the debt has been transferred to I nvested in capital assets, the entire entry is passed-down
in f und 0576. Thus, campus will have to allocate the entry between net asset categories, accordingly.
11
Restricted Expendable Capital Projects EntriesSCO Fund 0576 - Dormitory Construction Fund (cont’d)
Sources and Uses Summary - Bond Issuance(A) (B) (B1) (C) (C1) (D)=(A+B+B1-C-C1) (E) (F)
Series LT Debt New Debt
Rollover &
I nterest
Principal
Payments Ref unded LT Debt I nterest Exp
Other Liabilities-
Current (Accrued
I nterest)
6/ 30/ 07 6/ 30/ 08 07/ 08 6/ 30/ 08
2005C 22,430,000 495,000 21,935,000 1,062,258 176,218
BAN 4,307,000 43,161 4,350,161 - 39,278
2008A 23,730,000 23,730,000 255,540 255,540
22,430,000 28,037,000 43,161 4,845,161 - 45,665,000 1,357,076 431,758
Unamortized
Net Addition
CY
Amortization
Unamortized Net
Prem/ (Disc/ Loss)
2005C Prem 1,013,549 41,653 971,896
2008A Prem 176,680 1,377 175,303
Total 23,443,549 28,213,680 43,161 4,888,191 - 46,812,199
Campus to transfer to "Invested in capital assets, net of related debt" net asset category once the related debt in its entirety has been moved there.
Restricted Expendable Capital Projects (0576.222)
3.1) Other LT I nvestments (held by CO) 17,886,989
Long-term debt obligations - current (BAN payoff ) 4,350,161
Transf er to/ f rom other f unds (capitalized interest) 1,746,532
Long-term debt obligations - noncurrent 23,730,000
Account receivable - current (4th qtr investment earnings accrual) 147,415
Operation & maintenance of plant 3,337
I nvestment income (Project 00065 parking Structure 2) 27,929
I nvestment income (Project 00698 Parking Structure 3) 199,825
LT debt - noncurrent (net prem) 176,680
Record BAN payoff and/or new debt, admin exp and investment income. 24,134,434 24,134,434
Campus Long BeachProject Parking Project
Net proceeds are for: CP Red/New Money
Par Amount 23,730,000.00
Net Premium 522,379.00
Underwriter's Discount (139,276.37)
Total Purchase Price 24,113,102.63
Bond Insurance Premium (156,684.42)
Good Faith Deposit (253,012.05)
Net Wire Received 4/10 23,703,406.16
Plus Good Faith Deposit 253,012.05
Total Net Bond Proceeds 23,956,418.21
CSU Funds on Hand -
Total Sources (CSU) 23,956,418.21
Deposits/Transfers (CSU)
Project Costs (New Money) 17,809,987.29
CP Redemption 4,350,161.10
Escrow - Cash Deposit -
Escrow - SLGS Purchase -
Transfers to Outside/Auxilliary Escrow Agents -
Capitalized Interest Subaccount 1,746,531.71
Costs of Issuance 49,738.11
Total Deposits/Transfers (CSU) 23,956,418.21
12
Restricted Expendable Capital Projects EntriesSCO Fund 0576 - Dormitory Construction Fund (cont’d)
Reversal of prior year investment income accrual Reclassification entry from restricted expendable debt service net asset
category for capitalized interest in excess of next year’s debt service (reverse in following year). Note: This is only a book entry. The excess fund is still in 0578-Interest and Redemption Fund on the rollforward schedule. See other side on slide 8.
Restricted Expendable Capital Projects (0576.222)
3.1r) I nvestment income 6,690
Account receivable - current (4th qtr investment earnings accrual) 6,690
Reverse prior year interest income accrual (if you have not done so already)
3.5) Other LT I nvestments (held by CO) 535,570
Transf er to/ f rom other f unds 535,570
Reclassify capitalized interest in excess of next year' s debt service to Restricted Expendable Capital Projects
13
Unrestricted EntriesSCO Fund 0948 - Trust Fund
Reclassification entry from restricted expendable debt service net asset category for debt service reserve that is internally imposed (reverse in following year). Note: This is only a book entry. The actual reserve is still in 0578-Interest and Redemption Fund on the rollforward schedule. See other side on slide 8.
Reversal of prior year’s debt service reserve entry. See other side on slide 8.
Unrestricted (0948.472)
4.4) ST investments (held by CO) 85,395
Transf er to/ f rom other f unds 85,395
Reclassify debt service reserves (not externally imposed) to Unrestricted Net Assets
4.4r) Transf er to/ f rom other f unds 81,429
ST investments (held by CO) 81,429
Reverse prior year debt service reserves to Unrestricted Net Assets
14
Footnote (FN) Disclosure #7 in YES
FN #7.1 - LT Debt Obligation Detail Passed Down from CO Agrees to LT Debt outstanding and unamortized prem/disc at
6/30/20CY
Footnote (7) Disclosure
Fiscal Year Original Amount
Description I nterest Rate Maturity Date I ssue Amount Outstanding
2005C 3.00-5.25% 2031/ 32 22,430,000 21,935,000
2005C Net Prem 2031/ 32 1,084,754 971,896
2008A 3.50-5.00% 2034/ 35 23,730,000 23,730,000
2008A Net Prem 2034/ 35 176,680 175,303
46,812,199
(A) (B) (B1) (C) (C1) (D)=(A+B+B1-C-C1) (E) (F)
Series LT Debt New Debt
Rollover &
I nterest
Principal
Payments Ref unded LT Debt I nterest Exp
Other Liabilities-
Current (Accrued
I nterest)
6/ 30/ 07 6/ 30/ 08 07/ 08 6/ 30/ 08
2005C 22,430,000 495,000 21,935,000 1,062,258 176,218
BAN 4,307,000 43,161 4,350,161 - 39,278
2008A 23,730,000 23,730,000 255,540 255,540
22,430,000 28,037,000 43,161 4,845,161 - 45,665,000 1,357,076 431,758
Unamortized Net
Prem/ (Disc/ Loss) Addition
CY
Amortization
Unamortized Net
Prem/ (Disc/ Loss)
2005C Prem 1,013,549 41,653 971,896
2008A Prem 176,680 1,377 175,303
Total 23,443,549 28,213,680 43,161 4,888,191 - 46,812,199
Campus to transfer to "Invested in capital assets, net of related debt" net asset category once the related debt in its entirety has been moved there.
15
Footnote (FN) Disclosure #7 in YES (cont’d)
FN #7.3 - LT Debt Obligation Schedule passed down from CO Agrees to LT Debt at 6/30/20CY
(A) (B) (B1) (C) (C1) (D)=(A+B+B1-C-C1) (E) (F)
Series LT Debt New Debt
Rollover &
I nterest
Principal
Payments Ref unded LT Debt I nterest Exp
Other Liabilities-
Current (Accrued
I nterest)
6/ 30/ 07 6/ 30/ 08 07/ 08 6/ 30/ 08
2005C 22,430,000 495,000 21,935,000 1,062,258 176,218
BAN 4,307,000 43,161 4,350,161 - 39,278
2008A 23,730,000 23,730,000 255,540 255,540
22,430,000 28,037,000 43,161 4,845,161 - 45,665,000 1,357,076 431,758
Principal 2005C 2008A Total Interest 2005C 2008A Total
2008/ 09 515,000 515,000 2008/ 09 1,048,108 1,210,962 2,259,070
2009/ 10 535,000 535,000 2009/ 10 1,029,014 1,144,225 2,173,239
2010/ 11 555,000 515,000 1,070,000 2010/ 11 1,009,013 1,133,925 2,142,938
2011/ 12 575,000 535,000 1,110,000 2011/ 12 987,985 1,112,925 2,100,910
2012/ 13 595,000 560,000 1,155,000 2012/ 13 966,081 1,091,025 2,057,106
2013/ 14-2017/ 18 3,430,000 3,200,000 6,630,000 2013/ 14-2017/ 18 4,379,088 5,050,663 9,429,751
2018/ 19-2022/ 23 4,405,000 4,030,000 8,435,000 2018/ 19-2022/ 23 3,404,512 4,223,500 7,628,012
2023/ 24-2027/ 28 5,660,000 5,145,000 10,805,000 2023/ 24-2027/ 28 2,152,250 3,102,800 5,255,050
2028/ 29-2032/ 33 5,665,000 6,605,000 12,270,000 2028/ 29-2032/ 33 584,375 1,643,625 2,228,000
2033/ 34-2034/ 35 3,140,000 3,140,000 2033/ 34-2034/ 35 159,000 159,000
Total 21,935,000 23,730,000 45,665,000 Total 15,560,426 19,872,649 35,433,075
16
0576 Investments Held by CO Rollforward
This schedule should be used as a check figure to ensure all entries for all programs have been booked and the ending campus investment balance agrees to the 0576 rollforward schedule.
The beginning balance on the rollforward is prior year’s ending investment balance. The current year activities are either provided in the passdown entries or need to be
initiated and recorded by the campus as GAAP adjustment or reclassification entries. Once the current year activities are booked, campus should arrive at the ending
investment balance on the rollforward schedule. Like the Note on page 12, the reclassification entry is only a book entry and need to
be manually backed out of the 0576 investment balance in order to tieout to the rollforward schedule.
The investment rollforward schedule may be expanded by selecting the + sign to the left to view the activity detail.
(1140 + 1210) Cash Beginning Balance 108801 202025 305022 506009 506026 507001 607002 607853 680026 Grand Total (1140 + 1210) Cash Beginning Balance
7/1/08 INV POOL
PARTICIPANT DUE TO TRUST
FUND FUND BALANCE
CLEARING TFRS IN-DBMER
FUND TFRS IN-OTHER
APPRNS
INVESTMENT EARNINGS JULY-
MARCH 08 ACQUISITION MISC COSTS-
CONSTRUCTION TRNSFR OUT-OTHR
APPROPRIATION
(1140 + 1210) Cash Ending Balance
6/30/08
521,545.56 (100,825.74) 580.35 (6,460,787.28) (38,475.64) 59,309,526.64 80,776.35 (11,100,000.00) (2,369.36) (21,994,332.69) 20,215,638.19 Passdown Passdown campus entry campus entry Passdown Passdown Passdown Passdown Passdown Bal before
Op & maint of plantOp & maint of plant AD NOAT 07-185 Op & maint of plant reclass entry #3.52008A COI exp
17
0578 Investments Held by CO Rollforward
This schedule should be used as a check figure to ensure all entries for all programs have been booked and the ending campus investment balance agrees to the 0578 rollforward schedule.
The beginning balance on the rollforward is prior year’s ending investment balance. The current year activities are all provided in the passdown entries. Once the current year activities are booked, campus should arrive at the ending
investment balance on the rollforward schedule. Per Note on page 8, reclassification entries are only book entries and need to be
manually added back to the 0578 investment balance in order to tieout to the rollforward schedule.
Project Bond Program Beginning BalanceDebt Service PaymentsDebt Service TransfersSMIF Int Apr-Jun 2007SMIF Int Jul-Sep 2007SMIF Int Oct-Dec 2007SMIF Int J an-Mar 2008Cap Interest TransfersTransfers from 948 Grand Total- Student Union 205,165.08 2,670.50 2,720.87 2,609.74 2,205.63 215,371.82
205,165.08 2,670.50 2,720.87 2,609.74 2,205.63 215,371.82 AUXORG 2008A Cap Int 681,607.45 HOUSING 2004A SRB 487.79 (117,721.25) 96,866.96 5.05 6.42 111.92 50.23 20,854.00 661.12
2004A Accrued Int 2,703.42 35.07 35.87 34.44 28.94 2,837.74 2005B SRB 85,021.05 (1,060,625.00) 917,250.00 970.71 991.30 2,204.96 1,000.41 143,375.00 90,188.43
PARKING 2005C SRB 467.05 (1,559,732.50) 1,031,078.75 100.14 7.34 1,294.18 728.08 528,654.00 2,597.04 2005C Cap Int (63,677.70) (63,677.70) 2008A Cap Int 1,746,531.71 1,746,531.71
UNION 2004A SRB 776.43 (893,540.00) 640,570.40 56.89 10.85 731.71 570.52 252,970.00 2,146.80 2004A Accrued Int 29,915.05 388.09 396.88 381.07 320.22 31,401.31
55,693.09 (3,631,618.75) 2,685,766.11 1,555.95 1,448.66 4,758.28 2,698.40 2,428,139.16 945,853.00 2,494,293.90 HOUSING Debt Reserves 466,204.70 6,071.90 6,201.63 5,941.83 5,013.16 489,433.22 PARKING Debt Reserves 81,428.84 986.64 1,077.48 1,031.82 870.12 85,394.90 UNION Debt Reserves 295,264.46 3,843.45 3,928.24 3,766.10 3,170.75 309,973.00
842,898.00 10,901.99 11,207.35 10,739.75 9,054.03 884,801.12 1,103,756.17 (3,631,618.75) 2,685,766.11 15,128.44 15,376.88 18,107.77 13,958.06 1,746,531.71 945,853.00 2,912,859.39
Passdown Passdown Passdown Passdown Passdown Passdown Passdown Passdown Bal before reclassentries #2.4 and #2.5
18
Reporting Investments Held by CO on Note 3.2
The current portion of the investment should be the ending 0578 investment rollforward balance less the amount reclassified to 0576. The noncurrent restricted portion of the investment should be the ending 0576 investment rollforward balance plus the amount reclassified
from 0578. Total investments should agree to the sum of 0578 and 0576 ending investment rollforward balances. A summary schedule is provided by the CO systemwide reporting as a check figure that the balances entered into note 3.2 are as expected.
3.2 - Composition of investments at June 30, 2008: CurrentNoncurrent Unrestricted
Noncurrent Restricted
Total Noncurrent Total
State of California Surplus Money Investment Fund (SMIF) 1,389,637$ -$ -$ -$ 1,389,637$ Investments held by CO - Revenue Bond Program (Campus use only) 2,377,289 - 20,751,208 20,751,208 23,128,497 Investments held for campuses - Revenue Bond Program (CO use only, enter as negative number)- - - - - Total SMIF Investments 3,766,926 - 20,751,208 20,751,208 24,518,134
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