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ATTACHMENT C UNIVERSITY OF VIRGINIA CLINCH VALLEY COLLEGE HOUSING SERIES 1984 D
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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ATTACHMENT C
UNIVERSITY OF VIRGINIA CLINCH VALLEY COLLEGE HOUSING SERIES 1984 D

Interest start date: 05/01/84

First interest payment: 12/01/84

DEBT SERVICE SCHEDULE

                      
PERIOD ENDING  PRINCIPAL  ANNUAL RATE  INTEREST  TOTAL 
1 06/01/85  10,000.00  12.250  52,192.29  62,192.29 
2 06/01/86  10,000.00  12.250  46,952.50  56,952.50 
3 06/01/87  10,000.00  12.250  45,727.50  55,727.50 
4 06/01/88  10,000.00  12.250  44,502.50  54,502.50 
5 06/01/89  15,000.00  12.250  43,277.50  58,277.50 
6 06/01/90  15,000.00  12.250  41,440.00  56,440.00 
7 06/01/91  20,000.00  12.250  39,602.50  59,602.50 
8 06/01/92  20,000.00  8.000  37,152.50  57,152.50 
9 06/01/93  20,000.00  8.250  35,552.50  55,552.50 
10 06/01/94  25,000.00  8.500  33,902.50  58,902.50 
11 06/01/95  25,000.00  8.600  31,777.50  56,777.50 
12 06/01/96  25,000.00  8.800  29,627.50  54,627.50 
13 06/01/97  25,000.00  9.000  27,427.50  52,427.50 
14 06/01/98  30,000.00  9.100  25,177.50  55,177.50 
15 06/01/99  30,000.00  9.200  22,447.50  52,447.50 
16 06/01/00  40,000.00  9.250  19,687.50  59,687.50 
17 06/01/01  40,000.00  9.250  15,987.50  55,987.50 
18 06/01/02  45,000.00  9.250  12,287.50  57,287.50 
19 06/01/03  50,000.00  9.250  8,125.00  58,125.00 
20 06/01/04  50,000.00  7.000  3,500.00  53,500.00 
TOTAL  515,000.00  616,347.29  1,131,347.29 

AVERAGE ANNUAL PAYMENT OVER 15-YEAR PERIOD FROM 06/01/90 TO 06/01/04 IS $ 56,246.33



UNIVERSITY OF VIRGINIA
CLINCH VALLEY COLLEGE
ACQUISITION - STUDENT HOUSING FOR 36 STUDENTS
MATURITY SCHEDULE FOR $ 360,000 BONDS
15-YEAR SCHEDULE

                  
Interest Rate  8.50% 
Year  Principal Balance  Interest Payment  Principal Payment  P&I Payment  110% Coverage 
360,000.00 
1988-89  347,248.63  30,600.00  12,751.37  43,351.37  47,686.50 
1989-90  333,413.40  29,516.13  13,835.23  43,351.37  47,686.50 
1990-91  318,402.17  28,340.14  15,011.23  43,351.37  47,686.50 
1991-92  302,114.99  27,064.18  16,287.18  43,351.37  47,686.50 
1992-93  284,443.40  25,679.77  17,671.59  43,351.37  47,686.50 
1993-94  265,269.72  24,177.69  19,173.68  43,351.37  47,686.50 
1994-95  244,466.29  22,547.93  20,803.44  43,351.37  47,686.50 
1995-96  221,894.55  20,779.63  22,571.73  43,351.37  47,686.50 
1996-97  197,404.22  18,861.04  24,490.33  43,351.37  47,686.50 
1997-98  170,832.22  16,779.36  26,572.01  43,351.37  47,686.50 
1998-99  142,001.59  14,520.74  28,830.63  43,351.37  47,686.50 
1999-00  110,720.36  12,070.14  31,281.23  43,351.37  47,686.50 
2000-01  76,780.22  9,411.23  33,940.14  43,351.37  47,686.50 
2001-02  39,955.18  6,526.32  36,825.05  43,351.37  47,686.50 
2002-03  0.00  3,396.19  39,955.18  43,351.37  47,686.50 



FEASIBILITY ANALYSIS TABLE I
10-May-88

REVENUE BOND PARAMETERS

         
TERMS OF INDENTURE  AMOUNT 
PRINCIPAL AMOUNT OF BOND  360.000 
INTEREST RATE ON BOND  0.0850 
NUMBER OF YEARS OF REPAYMENT  15 
FIRST YEAR OF REPAYMENT  1989 
RESERVE REQUIREMENT PERCENT  0.0000 
RESERVE PAYMENT AMOUNT 
ANNUAL PRINCIPAL AND INTEREST PAYMENT  43.351 
TOTAL ANNUAL PAYMENT  43.351 



FEASIBILITY ANALYSIS TABLE II
10-May-88

RESERVE FUND TRANSACTIONS

                           


    
YEAR  EST MAINT EXP  DEDUCTIONS  ADDITIONS  NET CHANGE 
1989 
1990 
1991 
1992 
1993 
1994 
1995 
1996 
1997 
1998 
1999 
2000 
2001 
2002 
2003 



FEASIBILITY ANALYSIS TABLE III
10-May-88

REPAYMENT SCHEDULE: INTEREST= 0,0850 REINVESTMENT RATE= 0.0000

                                
YEAR  RESERVE FUND PAYMENT  INTEREST PAID  PRINCIPAL PAID  TOTAL DEBT SERVICE  PRINCIPAL BALANCE  RESERVE FUND BALANCE 
1989  30,600  12,751  43,351  347,249 
1990  29,516  13,835  43,351  333,413 
1991  28,340  15,011  43,351  318,402 
1992  27,064  16,287  43,351  302,115 
1993  25,680  17,672  43,351  284,443 
1994  24,178  19,174  43,351  ,270 
1995  22,548  20,803  43,351  244,466 
1996  20,780  22,572  43,351  221,895 
1997  18,861  24,490  43,351  197,404 
1998  16,779  26,572  43,351  170,832 
1999  14,521  28,831  43,351  142,002 
2000  12,070  31,281  43,351  110,720 
2001  9,411  33,940  43,351  76,780 
2002  6,526  36,825  43,351  39,955 
2003  3,396  39,955  43,351 
290,270  360,000  650,270 



FEASIBILITY ANALYSIS TABLE IV
10-May-88

NON RECURRING INITIAL OUTLAYS
NOT FINANCED NITB BOND PROCEEDS

        
ITEM  1989  1990 
PERSONAL SERVICES 
A/E SERVICES 
SITE DEVELOPMENT 
INTERIN FINANCE CHARGE 
EQUIPMENT 
OTHER 
TOTAL 

INCREMENTAL ANNUAL OPERATING EXPENSES

        
ITEM  1980  1990  1991  1992 
PERSONAL SERICES  7,800  7,800  7,800  7,800 
CONTRACTUAL SERVICES  4,500  4,500  4,500  4,500 
SUPPLIES AND MATERIALS  3,000  3,000  3,000  3,000 
A INIRECT COSTS  720  720  720  720 
UTILITIES  2,880  2,880  2,880  2,880 
EQUIPMENT  1,000  1,000  1,000  1,000 
TOTAL  19,900  19,900  19,900  19,900 



FEASIBILITY ANALYSIS TABLE V
10-May-88

INCREASED INCREMENTAL OPERATING COSTS AND
AND NON-RECURRING INITIAL OUTLAYS

    
YEARS 1-4  YEARS 5+ 
ASSUMED GROWTH RATE: 
PERSONAL SERVICES  0,0000  0,0000 
OTHER OBJECTS  0,0000  0,0000 
                                
YEAR  PERSONAL SERVICES  OTHER OBJECTS  TOTAL 
1989  7,800  12,100  19,900 
1990  7,800  12,100  19,900 
1991  7,800  12,100  19,900 
1992  7,800  12,100  19,900 
1993  7,800  12,100  19,900 
1994  7,800  12,100  19,900 
1995  7,800  12,100  19,900 
1996  7,800  12,100  19,900 
1997  7,800  12,100  19,900 
1998  7,800  12,100  19,900 
1999  7,800  12,100  19,900 
2000  7,800  12,100  19,900 
2001  7,800  12,100  19,900 
2002  7,800  12,100  19,900 
2003  7,800  12,100  19,900 
117,000  181,500  298,500 



FEASIBILITY ANALYSIS TABLE VI
10-May-88

CONSOLIDATED STATEMENT OF PROJECT COSTS

                                
YEAR  PERSONAL SERVICES  OTHER OBJECTS  RESERVE FUND PAYMENT  INTEREST PAID  PRINCIPAL PAID  TOTAL PROJECT COSTS  RESERVE FUND BALANCE 
1989  7,800  12,100  30,600  12,751  63,251 
1990  7,800  12,100  29,516  13,835  63,251 
1991  7,800  12,100  28,340  15,011  63,251 
1992  7,800  12,100  27,064  16,287  63,251 
1993  7,800  12,100  25,680  17,672  63,251 
1994  7,800  12,100  24,178  19,174  63,251 
1995  7,800  12,100  22,548  20,803  63,251 
1996  7,800  12,100  20,780  22,572  63,251 
1997  7,800  12,100  18,861  24,490  63,251 
1998  7,800  12,100  16,779  26,572  63,251 
1999  7,800  12,100  14,51  28,832  63,251 
2000  7,800  12,100  12,070  31,281  63,251 
2001  7,800  12,100  9,411  33,940  63,251 
2002  7,800  12,100  6,526  36,825  63,251 
2003  7,800  12,100  3,396  39,955  63,251 
117,000  131,500  290,270  360,000  948,770 



FEASIBILITY ANALYSIS TABLE VII
10-May-88

PRESENT VALUE OF PROJECT COSTS

        
COST COMPONENTS  AMOUNT 
PERSONAL SERVICES  64,773 
OTHER OBJECTS  100,481 
RESERVE FUND PAYMENTS 
INTEREST PAID  183,714 
PRINCIPAL PAID  176,286 
PRESENT VALUE OF PROJECT COSTS  525,254 
DISCOUNT RATE  0,0850 



FEASIBILITY ANALYSIS TABLE VIII
10-May-88

          
USER FEE - DORM  AMOUNT 
REGULAR SESSION 
1) NUMBER OF BEDS 
2) REGULAR SESSION FEE (AVERAGE IF NECESSARY) 
3) OCCUPANCY RATE 
SUMMER SESSION 
1) NUMBER OF BEDS 
2) SUMMER SESSION FEE (AVERAGE IF NECESSARY) 
3) OCCUPANCY RATE 
TOTAL ANNUAL REVENUE FROM THIS SOURCE  55,73 
         
DORM USER PARAMETERS  AMOUNT 
1) RATE AT WHICH FEES WILL GROW IN YEARS 1-4  0.0000 
2) RATE AT WHICH FEES WILL GROW IN YEARS 5+  0.0000 
3) CURRENT REGULAR SESSION RATE  1,260 
4) CURRENT SUMMER SESSION RATE  450 
5) TOTAL NO, OF BEDS BEFORE PROJECT  92 
6) TOTAL NUMBER OF BEDS AFTER PROJECT  128 
7) WILL OTHER DORM "SYSTEM" USERS CONTRIBUTE REVENUE TO THIS PROJECT  YES 
(NO=0 YES=1) 



FEASIBILITY ANALYSIS TABLE IX
10-May-88

ONLY INCREMENTAL INCREASES RELATED TO THIS PROJECT

          
DORM "SYSTEM" CONTRIBUTION  AMOUNT 
REGULAR SESSION 
1) NUMBER OF BEDS 
2) REGULAR SESSION FEE INCREASE (AVERAGE IF NECESSARY) 
3) OCCUPANCY RATE 
SUMMER SESSION 
1) NUMBER OF BEDS 
2) SUMMER SESSION FEE INCREASE (AVERAGE IF NECESSARY) 
3) OCCUPANCY RATE 
TOTAL AUAL REVENUE FROM THIS SOURCE 
     
DORM SYSTEM PARAMETERS  AMOUNT 
1) RATE AT FEES WILL GRON IN YEARS 1-4  0.0000 
2) RATE AT ICB FEES WILL GRON IN YEARS 5  ,0000 
3) CURRENT REGULAR SESSION RATE  1,135 
4) CURRENT SUMMER SESSION RATE  425 



FEASIBILITY ANALYSIS TABLE XII
10-May-88

              
ENROLLMENT PROJECTIONS - FTES 
REGULAR SESSION SUMMER SESSION 
YEAR  FULL  PART  FULL  PART  TOTAL BOLLAR CONTRIBUTION 
(RATE)  0.00  0.00  0.00  0.00 
1989  1,015  399  80  425  $0 
1990  1,015  399  80  425  $0 
1991  1,015  399  80  425  $0 
1992  1,015  399  80  425  $0 
1993  1,015  399  80  425  $0 
1994  1,015  399  80  425  $0 
1995  1,015  399  80  425  $0 
1996  1,015  399  80  425  $0 
1997  1,015  399  80  425  $0 
1998  1,015  399  80  425  $0 



FEASIBILITY ANALYSIS TABLE XVII
10-May-88

       
OTHER SOURCES 
PLEASE SPECIFY YEAR IN ICR FUNDS BECOME AVAILABLE AND AMOUNT OF FUNDS. IF REVEUE STREAM ENDS DURING LIFE OF THE PROJECT, ENTER A NEGATIVE NUMBER IN THE APPROPRIATE YEAR. KEY NUMBER TO DESCRIPTION IN PROJECT WRITE-UP. 
YEAR  AMOUNT 
1-FIRST FUNDS AVAILABLE  1989  177,643 
2-SECOND FUNDS AVAILABLE 
3-THIRD FUNDS AVAILABLE 
4-FOURTH FUNDS AVAILABLE 



FEASIBILITY ANALYSIS TABLE XVIII
14-Oct-87

CONSOLIDATED STATEMENT OF PROJECT REVENUES

                                
YEAR  USER FEES  GENERAL STUDENT FEES  RECOVERIES  REVENUE FROM OPERATIONS  INSTITUTIONAL RESERVES  RETIREMENT OF EXISTING DEBT  OTHER  TOTAL 
1989  55,793  177,643  233,436 
1990  55,793  177,643  233,436 
1991  55,793  177,643  233,436 
1992  55,793  177,643  233,436 
1993  55,793  177,643  233,436 
1994  55,793  177,643  233,436 
1995  55,793  177,643  233,436 
1996  55,793  177,643  233,436 
1997  55,793  177,643  233,436 
1998  55,793  177,643  233,436 
1999  55,793  177,643  233,436 
2000  55,793  177,643  233,436 
2001  55,793  177,643  233,436 
2002  55,793  177,643  233,436 
2003  55,793  177,643  233,436 
SCREEN  TM 
836,892  2,664,645  3,501,537 



FEASIBILITY ANALYSIS TABLE XIX
14-Oct-87

          
REVENUE SOURCES  AMOUNT 
1) USER FEES  463,317 
2) GENERAL STUDENT FEES 
3) RECOVERIES 
4) REVENUE FROM OPERATIONS 
5) INSTITUTIONAL RESERVES 
6) RETIREMENT OF EXISTING DEBT 
7) OTHER  1,475,189 
PRESENT VALUE OF PROJECT REVENUE CASH FLOW  1,938,506 
DISCOUNT RATE  0.0850 



FEASIBILITY ANALYSIS TABLE XX
14-Oct-87

CONSOLIDATED STATEMENT OF PROJECT
NET REVENUES

                                
YEAR  [1] TOTAL PROJECT COSTS  TOTAL PROJECT REVENUE  NET PROJECT REVENUE  COVERAGE PERCENT 
1989  63,251  233,436  170,184  369.06% 
1990  63,251  233,436  170,184  369.06% 
1991  63,251  233,436  170,184  369.06% 
1992  63,251  233,436  170,184  369.06% 
1993  63,251  233,436  170,184  369.06% 
1994  63,251  233,436  170,184  369.06% 
1995  63,251  233,436  170,184  369.06% 
1996  63,251  233,436  170,184  369.06% 
1997  63,251  233,436  170,184  369.06% 
1998  63,251  233,436  170,184  369.06% 
1999  63,251  233,436  170,184  369.06% 
2000  63,251  233,436  170,184  369.06% 
2001  63,251  233,436  170,184  369.06% 
2002  63,251  233,436  170,184  369.06% 
2003  63,251  233,436  170,184  369.06% 
(0)  0.00% 
(0)  0.00% 
(0)  0.00% 
(0)  0.00% 
(0)  0.00% 
(0)  0.00% 
(0)  0.00% 
(0)  0.00% 
(0)  0.00% 
(0)  0.00% 
(0)  0.00% 
(0)  0.00% 
(0)  0.00% 
(0)  0.00% 
(0)  0.00% 
948,770  3,501,537  2,552,767 

 
[1]

Excludes Reserve Fund Payments