1. changes to systemwide revenue bond (SRB) audit
Mark Thomas, Partner, KPMG
Terri Williams, Revenue Bond Accounting Manager, Chancellors Office

2. YEAR-END GAAP TRAINING
APRIL 2017
YEAR-END GAAP TRAINING
APRIL 2017
Learning Objectives
Explain changes for SRB Reporting
Review SRB PBC modifications

3. Changes to the SRB Scope
APRIL 2017
YEAR-END GAAP TRAINING
Changes to the SRB Scope
Pledged Revenues
Student Housing Fees
Parking Fees
Student Union Fees
Health Center Facilities
Continuing Education Fees
Other Revenues designated by the Trustees of CSU
Series 2016 Bonds (April 2016)
Addition of the Student Tuition Fees as Pledged Revenue

4. Reporting Requirements
APRIL 2017
YEAR-END GAAP TRAINING
Reporting Requirements
1. Supplementary and other information (part of the CSU System Financial Statements):
Net Income Available for Debt Service
Residence and Dining Halls Operating Data by Campus
Rental Fees
Statement of Insurance Coverage
2. Debt Compliance Letter

5. Components of Net Income Available for Debt Service
APRIL 2017
YEAR-END GAAP TRAINING
Components of Net Income Available for Debt Service

6. YEAR-END GAAP TRAINING
APRIL 2017
YEAR-END GAAP TRAINING
Questions and Answers

7. YEAR-END GAAP TRAINING
APRIL 2017
YEAR-END GAAP TRAINING

8. CO SRB Reporting Requirements
APRIL 2017
YEAR-END GAAP TRAINING
CO SRB Reporting Requirements

9. PBCs Used for SRB Reporting
APRIL 2017
YEAR-END GAAP TRAINING
PBCs Used for SRB Reporting
PBC 54 – Detailed Lead sheet for Investment Income
PBC 81 – Detailed Listing of Capital Assets by CSU Fund
PBC 126 – Tuition & Fees Lead sheet
PBC 133 – Sales & Svcs of Aux Ent Revenue Lead sheet
PBC Detail Listing of Expenditures DW Report
PBC 152 – Detailed Lead sheet for Transfers
PBC 153 – Return of Surplus Documentation
PBC 154 – SRB Fluctuation Analysis

10. YEAR-END GAAP TRAINING
APRIL 2017
YEAR-END GAAP TRAINING
PBC 81
Additions & GAAP Adjustments must be broken down by CSU Fund

11. YEAR-END GAAP TRAINING
APRIL 2017
YEAR-END GAAP TRAINING
APRIL 2017
PBC 081 Query Results

12. YEAR-END GAAP TRAINING
APRIL 2017
YEAR-END GAAP TRAINING
CO SRB Team Use of Data

13. Exhibit 33 - PBC 126 – Old Version
APRIL 2017
YEAR-END GAAP TRAINING
Exhibit 33 - PBC 126 – Old Version

14. Exhibit 33 - PBC 126 - Revisions
YEAR-END GAAP TRAINING
APRIL 2017
YEAR-END GAAP TRAINING
APRIL 2017
Exhibit 33 - PBC Revisions

15. Exhibit 16 – PBC 133 – Old Version
APRIL 2017
YEAR-END GAAP TRAINING
Exhibit 16 – PBC 133 – Old Version

16. Exhibit 16 – PBC 133 - Revisions
APRIL 2017
YEAR-END GAAP TRAINING
Exhibit 16 – PBC Revisions

17. PBC 152 – Detailed Leadsheet for Transfers
YEAR-END GAAP TRAINING
APRIL 2017
YEAR-END GAAP TRAINING
APRIL 2017
PBC 152 – Detailed Leadsheet for Transfers

18. PBC 153 – Return of Surplus Documentation
YEAR-END GAAP TRAINING
APRIL 2017
YEAR-END GAAP TRAINING
APRIL 2017
PBC 153 – Return of Surplus Documentation
Student Union Operating Expenditure Documentation includes:
Copies of Operating Expenditure Checks
Budgets
Check Requests
Memorandums
Submissions must reflect legal expenditure data prior to the GAAP Close

19. PBC 154 – SRB Fluctuation Analysis
YEAR-END GAAP TRAINING
APRIL 2017
YEAR-END GAAP TRAINING
APRIL 2017
PBC 154 – SRB Fluctuation Analysis
Submissions must reflect legal expenditure data prior to the GAAP Close
CO SRB Team will focus on Revenue & Expenditure data when identifying year to year fluctuations needing explanations
See Chapter 16 for TM1 instructions for the Cal State Required Variance Form

20. GAAP Manual Chapter 16 – Systemwide Revenue Bonds Financial Reporting
APRIL 2017
YEAR-END GAAP TRAINING
GAAP Manual Chapter 16 – Systemwide Revenue Bonds Financial Reporting

21. What’s There What’s Not
Revenue Bond Act – Financial Reporting Requirements
TM1 SRB Variance Analysis Instructions
Information specific to SRB PBCs 152, 153, 154
SRB CSU Fund Table
What’s Not
SRB Key Dates & Deadlines
Listing of SRB Related Leadsheets
Proper legal reporting for Unions & Aux Org

22. YEAR-END GAAP TRAINING
APRIL 2017
YEAR-END GAAP TRAINING
SRB Funds at a Glance

23. YEAR-END GAAP TRAINING
APRIL 2017
YEAR-END GAAP TRAINING
CO SRB Team Contact Information
Terri Williams, Revenue Bond Accounting Manager, (562) ,
Su Chen, Capital Accountant III, (562) ,

24. YEAR-END GAAP TRAINING
APRIL 2017
YEAR-END GAAP TRAINING
Questions and Answers