Revenue Bonds & BANs GAAP Passdown Entries from CO
December 2008
Version 1.0
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
2
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)
Series
2005C
BAN
2008A
LT Debt
6/30/07
22,430,000
22,430,000
Unamortized Net
Prem/(Disc/Loss)
2005C Prem
1,013,549
2008A Prem
Total
23,443,549
(B)
(B1)
(C)
(C1)
New Debt
Rollover &
Interest
Principal
Payments
Refunded
4,307,000
23,730,000
28,037,000
43,161
495,000
4,350,161
43,161
4,845,161
43,161
CY
Amortization
41,653
1,377
4,888,191
Addition
176,680
28,213,680
(D)=(A+B+B1-C-C1)
-
-
LT Debt
6/30/08
21,935,000
23,730,000
45,665,000
Unamortized Net
Prem/(Disc/Loss)
971,896
175,303
46,812,199
(E)
(F)
Other LiabilitiesCurrent (Accrued
Interest Exp
Interest)
07/08
6/30/08
1,062,258
176,218
39,278
255,540
255,540
1,357,076
431,758
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.
3
Passdown Entries




By net asset categories
Current year activities (not limited to debt rollforward)
Reversal of prior year accruals
Reclassification entries
(A)
Series
2005C
BAN
2008A
LT Debt
6/30/07
22,430,000
22,430,000
Unamortized Net
Prem/(Disc/Loss)
2005C Prem
1,013,549
2008A Prem
Total
23,443,549
(B)
(B1)
(C)
(C1)
New Debt
Rollover &
Interest
Principal
Payments
Refunded
4,307,000
23,730,000
28,037,000
43,161
495,000
4,350,161
43,161
4,845,161
43,161
CY
Amortization
41,653
1,377
4,888,191
Addition
176,680
28,213,680
CURRENT YEAR ACTIVITIES:
(D)=(A+B+B1-C-C1)
-
-
LT Debt
6/30/08
21,935,000
23,730,000
45,665,000
Unamortized Net
Prem/(Disc/Loss)
971,896
175,303
46,812,199
Debit
(E)
(F)
Other LiabilitiesCurrent (Accrued
Interest Exp
Interest)
07/08
6/30/08
1,062,258
176,218
39,278
255,540
255,540
1,357,076
431,758
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.
Credit
Invested in Capital Assets, net of Related Debt (0997.501)
1) Long-term debt obligations - noncurrent
Long-term debt obligations - current
Transfer to/from other funds
Long-term debt obligations - current
Record current year principal payments and allocation of current debt.
515,000
495,000
495,000 (a)
515,000
1,010,000
1,010,000
-
4
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)
Series
2005C
BAN
2008A
LT Debt
6/30/07
22,430,000
22,430,000
(B)
(B1)
(C)
(C1)
New Debt
Rollover &
Interest
Principal
Payments
Refunded
4,307,000
23,730,000
28,037,000
43,161
495,000
4,350,161
43,161
4,845,161
(D)=(A+B+B1-C-C1)
-
LT Debt
6/30/08
21,935,000
23,730,000
45,665,000
(E)
(F)
Other LiabilitiesCurrent (Accrued
Interest Exp
Interest)
07/08
6/30/08
1,062,258
176,218
39,278
255,540
255,540
1,357,076
431,758
Invested in Capital Assets, net of Related Debt (0997.501)
1) Long-term debt obligations - noncurrent
Long-term debt obligations - current
Transfer to/from other funds
Long-term debt obligations - current
515,000
495,000
495,000 (a)
515,000
Record current year principal payments and allocation of current debt.
1,010,000
1,010,000
-
(a) The sum is the transfers-out of your Fund 0580/0948 to the Chancellor's Office Fund 0578 (see CPO 07-0080 and CPO 07-0373).
FOOTNOTE DISCLOSURE INFORMATION:
Footnote (7) Disclosure
Principal
2008/09
2005C
515,000
2008A
Total
515,000
5
Invested in Capital Assets, net
of Related Debt Entries (cont’d)
 Record current year amortization expense
(A)
Series
2005C
BAN
2008A
LT Debt
6/30/07
22,430,000
22,430,000
Unamortized Net
Prem/(Disc/Loss)
2005C Prem
1,013,549
2008A Prem
Total
23,443,549
(B)
(B1)
(C)
(C1)
New Debt
Rollover &
Interest
Principal
Payments
Refunded
4,307,000
23,730,000
28,037,000
43,161
495,000
4,350,161
43,161
4,845,161
43,161
CY
Amortization
41,653
1,377
4,888,191
Addition
176,680
28,213,680
(D)=(A+B+B1-C-C1)
-
-
LT Debt
6/30/08
21,935,000
23,730,000
45,665,000
Unamortized Net
Prem/(Disc/Loss)
971,896
175,303
46,812,199
(E)
(F)
Other LiabilitiesCurrent (Accrued
Interest Exp
Interest)
07/08
6/30/08
1,062,258
176,218
39,278
255,540
255,540
1,357,076
431,758
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
Interest expenses (amortization of bond prem)
43,030
43,030
Record amortization of bond premium/loss on refunding
6
Restricted Expendable Debt Service Entries
SCO 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
(A)
Series
2005C
BAN
2008A
LT Debt
6/30/07
22,430,000
22,430,000
(B)
(B1)
(C)
(C1)
New Debt
Rollover &
Interest
Principal
Payments
Refunded
4,307,000
23,730,000
28,037,000
43,161
495,000
4,350,161
43,161
4,845,161
(D)=(A+B+B1-C-C1)
-
LT Debt
6/30/08
21,935,000
23,730,000
45,665,000
(E)
Interest Exp
07/08
1,062,258
39,278
255,540
1,357,076
(F)
Other LiabilitiesCurrent (Accrued
Interest)
6/30/08
176,218
255,540
431,758
Restricted Expendable Debt Service (0578.242)
2) Interest expenses
Account receivable - current (4th qtr investment earnings accrual)
ST Investments (held by CO)
Transfer to/from other funds
Investment income
Investment income (from capitalized interest)
Transfer to/from other funds (capitalized interest)
Other liabilities - current
1,496,491
14,073
1,752,628
Record current year interest expense and investment income.
3,263,191
2r) Other liabilities - current
Interest expenses
(Refer to 2008 GAAP manual, section
(Reverse in 08/09 against investment
1,064,733 (a)
8,009
12,160 (Refer to 2008 GAAP manual, section
1,746,532
431,758 (Reverse in 08/09 against interest ex
3,263,191
-
178,693
178,693
Reverse prior year interest expense accrual (if you have not done so already)
(a) The sum is the transfers-out of your Fund 0580/0948 to the Chancellor's Office Fund 0578 (see CPO 07-0080 and CPO 07-0373).
7
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) Investment income
Account receivable - current (4th qtr investment earnings accrual)
1,087
1,087
Reverse prior year interest income accrual (if you have not done so already)
2.4) ST investments (held by CO)
Transfer to/from other funds
85,395
85,395
Reclassify debt service reserves (not externally imposed) to Unrestricted Net Assets
2.4r) Transfer to/from other funds
ST investments (held by CO)
81,429
81,429
Reverse prior year debt service reserves to Unrestricted Net Assets
2.5) ST investments (held by CO)
Transfer to/from other funds
535,570
535,570
Reclassify capitalized interest in excess of next year's debt service to Restricted Expendable Capital Projects
8
Restricted Expendable Capital Projects Entries
SCO 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
(A)
Series
2005C
BAN
2008A
LT Debt
6/30/07
22,430,000
22,430,000
(B)
(B1)
(C)
(C1)
New Debt
Rollover &
Interest
Principal
Payments
Refunded
4,307,000
23,730,000
28,037,000
43,161
495,000
4,350,161
43,161
4,845,161
(D)=(A+B+B1-C-C1)
-
LT Debt
6/30/08
21,935,000
23,730,000
45,665,000
(E)
(F)
Other LiabilitiesCurrent (Accrued
Interest Exp
Interest)
07/08
6/30/08
1,062,258
176,218
39,278
255,540
255,540
1,357,076
431,758
Restricted Expendable Capital Projects (0576.222)
3) Other LT Investments (held by CO)
Interest expenses
Long-term debt obligations - current
Record new BAN and/or BAN rollover.
4,310,883
39,278
4,350,161
4,350,161
4,350,161
9
Restricted Expendable Capital Projects Entries
SCO 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)
Series
2005C
BAN
2008A
LT Debt
6/30/07
22,430,000
22,430,000
2005C Prem
2008A Prem
Total
Unamortized
Net
1,013,549
23,443,549
(B)
(B1)
(C)
(C1)
New Debt
Rollover &
Interest
Principal
Payments
Refunded
4,307,000
23,730,000
28,037,000
43,161
495,000
4,350,161
43,161
4,845,161
43,161
CY
Amortization
41,653
1,377
4,888,191
Addition
176,680
28,213,680
(D)=(A+B+B1-C-C1)
-
-
LT Debt
6/30/08
21,935,000
23,730,000
45,665,000
Unamortized Net
Prem/(Disc/Loss)
971,896
175,303
46,812,199
(E)
Interest Exp
07/08
1,062,258
39,278
255,540
1,357,076
(F)
Other LiabilitiesCurrent (Accrued
Interest)
6/30/08
176,218
255,540
431,758
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 Investments (held by CO)
Long-term debt obligations - current (BAN payoff)
Transfer to/from other funds (capitalized interest)
Long-term debt obligations - noncurrent
Account receivable - current (4th qtr investment earnings accrual)
Operation & maintenance of plant
Investment income (Project 00065 parking Structure 2)
Investment income (Project 00698 Parking Structure 3)
LT debt - noncurrent (net prem)
Record BAN payoff and/or new debt, admin exp and investment income.
17,886,989
4,350,161
1,746,532
147,415
3,337
24,134,434
(b)
23,730,000 (b)
(Reverse in 08/09 against investment
Exclude 2008A bond issuance cost
27,929 (Refer to 2008 GAAP manual, section
199,825 (Refer to 2008 GAAP manual, section
176,680 (campus to amortize over life of bond
24,134,434
-
(b) Because CO does not know how much of the debt has been transferred to Invested in capital assets, the entire entry is passed-down
in fund 0576. Thus, campus will have to allocate the entry between net asset categories, accordingly.
10
Restricted Expendable Capital Projects Entries
SCO Fund 0576 - Dormitory Construction Fund (cont’d)
 Sources and Uses Summary - Bond Issuance
Campus
Project
(A)
Long Beach
Parking Project
Series
Net proceeds are for:
Par Amount
Net Premium
Underwriter's Discount
Total Purchase Price
Bond Insurance Premium
Good Faith Deposit
Net Wire Received 4/10
Plus Good Faith Deposit
Total Net Bond Proceeds
CSU Funds on Hand
Total Sources (CSU)
CP Red/New Money
23,730,000.00
522,379.00
(139,276.37)
LT Debt
6/30/07
22,430,000
2005C
BAN
2008A
22,430,000
Unamortized
Net
1,013,549
(B)
(B1)
(C)
(C1)
New Debt
Rollover &
Interest
Principal
Payments
Refunded
4,307,000
23,730,000
28,037,000
43,161
495,000
4,350,161
43,161
4,845,161
43,161
CY
Amortization
41,653
1,377
4,888,191
Addition
24,113,102.63
(156,684.42)
(253,012.05)
2005C Prem
2008A Prem
Total
23,703,406.16
253,012.05
Restricted Expendable Capital Projects (0576.222)
23,956,418.21
23,956,418.21
23,443,549
176,680
28,213,680
(D)=(A+B+B1-C-C1)
-
-
LT Debt
6/30/08
21,935,000
23,730,000
45,665,000
Unamortized Net
Prem/(Disc/Loss)
971,896
175,303
46,812,199
3.1) Other LT Investments (held by CO)
Long-term debt obligations - current (BAN payoff)
Transfer to/from other funds (capitalized interest)
Long-term debt obligations - noncurrent
Account receivable - current (4th qtr investment earnings accrual)
Operation & maintenance of plant
Investment income (Project 00065 parking Structure 2)
Investment income (Project 00698 Parking Structure 3)
LT debt - noncurrent (net prem)
Record BAN payoff and/or new debt, admin exp and investment income.
(E)
(F)
Other LiabilitiesCurrent (Accrued
Interest Exp
Interest)
07/08
6/30/08
1,062,258
176,218
39,278
255,540
255,540
1,357,076
431,758
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.
17,886,989
4,350,161
1,746,532
23,730,000
147,415
3,337
27,929
199,825
176,680
24,134,434
24,134,434
Deposits/Transfers (CSU)
Project Costs (New Money)
CP Redemption
Escrow - Cash Deposit
Escrow - SLGS Purchase
Transfers to Outside/Auxilliary Escrow Agents
Capitalized Interest Subaccount
Costs of Issuance
Total Deposits/Transfers (CSU)
17,809,987.29
4,350,161.10
1,746,531.71
49,738.11
23,956,418.21
11
Restricted Expendable Capital Projects Entries
SCO 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) Investment income
Account receivable - current (4th qtr investment earnings accrual)
6,690
6,690
Reverse prior year interest income accrual (if you have not done so already)
3.5) Other LT Investments (held by CO)
Transfer to/from other funds
535,570
535,570
Reclassify capitalized interest in excess of next year's debt service to Restricted Expendable Capital Projects
12
Unrestricted Entries
SCO 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)
Transfer to/from other funds
85,395
85,395
Reclassify debt service reserves (not externally imposed) to Unrestricted Net Assets
4.4r) Transfer to/from other funds
ST investments (held by CO)
81,429
81,429
Reverse prior year debt service reserves to Unrestricted Net Assets
13
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
(A)
Series
2005C
BAN
2008A
LT Debt
6/30/07
22,430,000
22,430,000
Unamortized Net
Prem/(Disc/Loss)
2005C Prem
1,013,549
2008A Prem
Total
23,443,549
(B)
(B1)
(C)
(C1)
New Debt
Rollover &
Interest
Principal
Payments
Refunded
4,307,000
23,730,000
28,037,000
43,161
495,000
4,350,161
43,161
4,845,161
43,161
CY
Amortization
41,653
1,377
4,888,191
Addition
176,680
28,213,680
(D)=(A+B+B1-C-C1)
-
-
LT Debt
6/30/08
21,935,000
23,730,000
45,665,000
Unamortized Net
Prem/(Disc/Loss)
971,896
175,303
46,812,199
(E)
(F)
Other LiabilitiesCurrent (Accrued
Interest Exp
Interest)
07/08
6/30/08
1,062,258
176,218
39,278
255,540
255,540
1,357,076
431,758
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.
Footnote (7) Disclosure
Fiscal Year
Description
2005C
2005C Net Prem
2008A
2008A Net Prem
Interest Rate
3.00-5.25%
3.50-5.00%
Maturity Date
2031/32
2031/32
2034/35
2034/35
Original
Issue Amount
22,430,000
1,084,754
23,730,000
176,680
Amount
Outstanding
21,935,000
971,896
23,730,000
175,303
46,812,199
14
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)
Series
2005C
BAN
2008A
LT Debt
6/30/07
22,430,000
(B)
(B1)
(C)
(C1)
New Debt
Rollover &
Interest
Principal
Payments
Refunded
22,430,000
4,307,000
23,730,000
28,037,000
Principal
2005C
2008/09
2009/10
2010/11
2011/12
2012/13
2013/14-2017/18
2018/19-2022/23
2023/24-2027/28
2028/29-2032/33
2033/34-2034/35
Total
515,000
535,000
555,000
575,000
595,000
3,430,000
4,405,000
5,660,000
5,665,000
21,935,000
2008A
515,000
535,000
560,000
3,200,000
4,030,000
5,145,000
6,605,000
3,140,000
23,730,000
43,161
495,000
4,350,161
43,161
4,845,161
Total
515,000
535,000
1,070,000
1,110,000
1,155,000
6,630,000
8,435,000
10,805,000
12,270,000
3,140,000
45,665,000
(D)=(A+B+B1-C-C1)
-
LT Debt
6/30/08
21,935,000
23,730,000
45,665,000
Interest
2005C
2008/09
2009/10
2010/11
2011/12
2012/13
2013/14-2017/18
2018/19-2022/23
2023/24-2027/28
2028/29-2032/33
2033/34-2034/35
Total
1,048,108
1,029,014
1,009,013
987,985
966,081
4,379,088
3,404,512
2,152,250
584,375
15,560,426
(E)
(F)
Other LiabilitiesCurrent (Accrued
Interest Exp
Interest)
07/08
6/30/08
1,062,258
176,218
39,278
255,540
255,540
1,357,076
431,758
2008A
1,210,962
1,144,225
1,133,925
1,112,925
1,091,025
5,050,663
4,223,500
3,102,800
1,643,625
159,000
19,872,649
Total
2,259,070
2,173,239
2,142,938
2,100,910
2,057,106
9,429,751
7,628,012
5,255,050
2,228,000
159,000
35,433,075
15
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
(1140 + 1210) Cash
Beginning Balance
7/1/08
521,545.56
108801
202025
305022
506009
506026
INV POOL
PARTICIPANT
DUE TO TRUST
FUND
FUND BALANCE
CLEARING
TFRS IN-DBMER
FUND
TFRS IN-OTHER
APPRNS
(100,825.74)
580.35
(6,460,787.28)
(38,475.64)
Passdown
Passdown
campus entry
campus entry
Op & maint of plantOp & maint of plant
AD NOAT 07-185
2008A COI exp
59,309,526.64
Passdown
507001
INVESTMENT
EARNINGS JULYMARCH 08
80,776.35
Passdown
607002
607853
680026
ACQUISITION
MISC COSTSCONSTRUCTION
TRNSFR OUT-OTHR
APPROPRIATION
(11,100,000.00)
Passdown
(2,369.36)
Passdown
Op & maint of plant
(21,994,332.69)
Passdown
Grand Total
(1140 + 1210) Cash
Ending Balance
6/30/08
20,215,638.19
Bal before
reclass entry #3.5
16
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
Student Union
Beginning Balance
Debt Service Payments
Debt Service Transfers
SMIF Int Apr-Jun
SMIF
2007
Int Jul-Sep
SMIF
2007
Int Oct-DecSMIF
2007 Int Jan-Mar
Cap2008
Interest Transfers
Transfers from Grand
948 Total
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 reclass
entries #2.4 and #2.5
17
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.
Noncurrent
3.2 - Composition of investments at June 30, 2008:
Current
Unrestricted
State of California Surplus Money Investment Fund (SMIF)
$
1,389,637 $
Investments held by CO - Revenue Bond Program (Campus use only)
2,377,289
Investments held for campuses - Revenue Bond Program (CO use only, enter as negative- number)
Total SMIF Investments
3,766,926
-
Noncurrent
Total
Restricted
Noncurrent
$
$
$
20,751,208
20,751,208
20,751,208
20,751,208
Total
1,389,637
23,128,497
24,518,134
18
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