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ATTACHMENT A REVENUES AND EXPENDITURES FOR CLINCH VALLEY COLLEGE DORMITORY "SYSTEM" EXCLUDING THE 44 NEW BEDS
 
 
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ATTACHMENT A
REVENUES AND EXPENDITURES
FOR CLINCH VALLEY COLLEGE DORMITORY "SYSTEM"
EXCLUDING THE 44 NEW BEDS

                     
ANNUAL REVENUES: 
REGULAR SESSION 
84 BEDS x $1260 x .98 OCCUPANCY  $103,723 
300 BEDS x $1110 x .98 OCCUPANCY  $326,340 
SUMMER SESSION 
84 BEDS x $450 x .70 OCCUPANCY  $26,460 
300 BEDS x $400 x .70 OCCUPANCY  $84,000 
$540,523 
MINUS ANNUAL OPERATING EXPENDITURES 
PERSONAL SERVICES  $115,264 
CONTRACTUAL SERVICES  $36,500 
SUPPLIES & EQUIPMENT  $49,200 
OTHER COSTS  $4,500 
$205,464 
RESERVE CONTRIBUTION  $27,026 
$232,490 
AVAILABLE FOR DEBT SERVICE  $308,033 
EXISTING DEBT SERVICE  $73,950 
AVAILABLE FOR NEW DEBT SERVICE  $234,083 
PROPOSED FOR OTHER NEW DEBT  $47,686 
NET SYSTEM CONTRIBUTION  $186,397 

INCLUDING THE 44 NEW BEDS, CVC WILL HAVE 128 BEDS IN THE SYSTEM AT THE CURRENT RATE OF $1260 FOR THE REGULAR SESSION. THE REMAINING 300 BEDS ARE AT THE CURRENT RATE OF $1110.

EXISTING DEBT SHOWN ABOVE INCLUDES ONLY AMOUNTS IDENTIFIED IN ATTACHMENTS B AND C. IT EXCLUDES ANY DEBT PROPOSED FOR THE 1988 BOND ISSUANCE.

RESERVE CONTRIBUTION IS APPROXIMATELY 5% OF REVENUE. THIS IS NOT A REQUIREMENT OF THE BOND INDENTURES AND IS NOT REFLECTED IN THE WORKSHEET ENTITLED "REVENUE BOND PARAMETERS."

OTHER NEW DEBT IS IDENTIFIED IN REVISED FEASIBILITY STUDY FOR P.C. 13843.