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

www.calstate.edu