Anticipated debt service on debt outstanding as of June 30, 2019 (See Note 1)
Note 1 - Debt Service from General Revenue bonds and interest rate derivatives that hedge certain Bonds and Commercial Paper. Also included is estimated debt service approximating $21.9 million of principal and $4.9 million of interest on $102.2 million of unhedged short-term Commercial Paper.
Fiscal Year FY2020
| PROJECT | PRINCIPAL | INTEREST | Sum of P&I |
|---|---|---|---|
| 1855 Place | (1,852,012) | (4,062,624) | (5,914,636) |
| Akers Hall Renovation | (409,795) | (664,085) | (1,073,880) |
| Anthony Hall - Repair simulated slate roof | (8,977) | (5,470) | (14,447) |
| Armstrong & Bryan Hall Renovations | (769,199) | (912,213) | (1,681,412) |
| Auditorium - Alterations to Fairchild Theatre | (326,349) | (400,078) | (726,427) |
| Available Proceeds | (1,158,182) | 0 | (1,158,182) |
| Bailey and Rather Halls Renovation | (837,926) | (1,092,641) | (1,930,567) |
| BERKEY HALL | (138,400) | (27,964) | (166,364) |
| BESSEY HALL | (207,600) | (41,944) | (249,544) |
| Bio Engineering Facility | (711,047) | (1,039,540) | (1,750,587) |
| Biochemistry - HVAC Renovation | (501,304) | (362,802) | (864,106) |
| BIOMEDICAL & PHYSICAL SCI BLDG/CHILLER | (267,848) | (164,457) | (432,305) |
| BRESLIN | (1,803,525) | (364,393) | (2,167,918) |
| Breslin Berkowitz - Alterations to Basketball Offices | (1,127,192) | (33,816) | (1,161,008) |
| Breslin Berkowitz - Facility Upgrades & Hall of History | (1,891,462) | (222,383) | (2,113,844) |
| Breslin Bleacher Reconfiguration | (27,395) | (16,714) | (44,109) |
| Breslin Student Events Center - Facility Upgrades | (448,425) | (1,130,290) | (1,578,715) |
| Broad Art Museum | (287,514) | (23,613) | (311,126) |
| Broad Business College Complex Pavilion | 1,345,881 | (1,269,372) | 76,509 |
| Brody Hall Renovations | (1,173,228) | (1,724,052) | (2,897,280) |
| Brody utility infrastructure improvements | (29,974) | (40,518) | (70,492) |
| BUSINESS COLLEGE COMPLEX | (384,925) | (77,772) | (462,697) |
| Butterfield Hall Renovation | (402,292) | (490,134) | (892,426) |
| Campus Fiber Optic System | (193,488) | (117,553) | (311,041) |
| Campus Steam Distribution System | (1,842,435) | (2,270,636) | (4,113,071) |
| Cap Interest/Interest Income/Fees/Issuance Costs | 134,171 | 40,919 | 175,090 |
| Case Hall - Elevator replacement | (37,823) | (23,045) | (60,868) |
| Case Hall 1st Floor Renovations of Dining Hall | (523,588) | (703,129) | (1,226,717) |
| Cashier's Office Renovations | (14,467) | (8,815) | (23,282) |
| CEMS Boiler 3 | (17,398) | (10,573) | (27,971) |
| CENTRAL SCHOOL | (69,200) | (13,981) | (83,181) |
| CHEMISTRY | (384,925) | (77,772) | (462,697) |
| Chemistry - HVAC Renovation | (320,287) | (239,637) | (559,924) |
| Chemistry Lab Renovation (5th floor) | (8,380) | (5,107) | (13,487) |
| Chemistry Office Addition | (9,475) | (26,972) | (36,447) |
| Chemistry Office Addition Renovations 2007 | (55,285) | (157,382) | (212,667) |
| Chillers 2006 | (31,669) | (90,155) | (121,824) |
| Clinical Center C-Wing HVAC | (60,174) | (110,029) | (170,203) |
| College of Law | (124,754) | (875,254) | (1,000,008) |
| COMM ARTS PARKING RAMP 5 | (535,664) | (327,352) | (863,016) |
| Convert Light T12-T8 | (142,821) | (95,954) | (238,775) |
| Cook Hall - Building Renovation | (1,100,894) | 0 | (1,100,894) |
| Cooling Tower 3 & 4 | (34,629) | (21,101) | (55,730) |
| Crescent Middlevale | (22,771) | (60,102) | (82,873) |
| Cyclotron Building - Office Addition - Phase III | (184,634) | (335,216) | (519,850) |
| Cyclotron Building New High Bay Addition | (63,517) | (136,013) | (199,530) |
| Cyclotron Low Eng Exp Res and Off Additions | (48,971) | (601,611) | (650,582) |
| Cyclotron Office Addition | (349,720) | (616,468) | (966,188) |
| Cyclotron-refrig/cryo projects | (25,162) | (15,330) | (40,492) |
| Data Access in Residential Halls | (53,775) | (32,864) | (86,639) |
| Difference between bond debt service and project repayment schedules | 10,223,321 | (5,030,114) | 5,193,207 |
| Duffy Daugherty Football - Renovate Team Locker Room and Training Room | (1,388,586) | (67,037) | (1,455,623) |
| Duffy Daugherty SAAC - Skandalaris Football Offices and Demmer Hall of History | 0 | (3,019) | (3,019) |
| EBSP (FIS/HRIS System) | (4,229,372) | (670,467) | (4,899,839) |
| Electrical Support for Units 5 & 6 | (14,415) | (9,083) | (23,498) |
| Emmons Hall Renovations | (354,335) | (485,654) | (839,989) |
| Farm Lane Underpass | (201,262) | (560,712) | (761,974) |
| Food Science - HVAC Renovation | (596,229) | (430,399) | (1,026,628) |
| FOOD SERVICE EQUIPMENT UPDATE | (14,578) | (8,909) | (23,487) |
| Food Stores Roof Replacement | (15,013) | (9,006) | (24,019) |
| FRIB 25MW Power Supply | (818,567) | (852,582) | (1,671,149) |
| FRIB Cryogenic Assembly Bldg | 0 | (484,417) | (484,417) |
| FRIB High Rigidity Spectrometer and Isotope Harvesting Experimental Vault | 0 | (877,671) | (877,671) |
| FRIB Power Plant Connection | (106,307) | (185,793) | (292,100) |
| FRIB Utility Relocation Phase I | (89,063) | (223,064) | (312,127) |
| Grand Rapids Property Purchase | (2,000,000) | (239,660) | (2,239,660) |
| Grand Rapids Research Center | (5,969,156) | (1,836,462) | (7,805,618) |
| Grand River Parking Ramp | (654,216) | (483,741) | (1,137,957) |
| Healthy Campus / Demonstration Hall - Phase 1 - Multi-Use Court Renovations | 0 | (76,863) | (76,863) |
| Healthy Campus / IM East Gym and Track | 0 | (76,863) | (76,863) |
| Healthy Campus / IM West Turf Arena Renovations | 0 | (153,726) | (153,726) |
| HENRY CENTER EXECUTIVE DEVEL. | (803,292) | (161,479) | (964,771) |
| Holden Hall Dining Upgrades | (21,749) | (28,859) | (50,608) |
| Hubbard Hall Asbestos | (12,219) | (7,331) | (19,550) |
| Hubbard Hall Fire Protection | (57,728) | (34,632) | (92,360) |
| HUMAN ECOLOGY SPDC RENOVATION | (22,083) | (77,179) | (99,262) |
| HUMAN ECOLOGY SUITE 2 RENOVATION | (4,582) | (13,045) | (17,627) |
| IM EAST | (121,100) | (24,468) | (145,568) |
| IM WEST | (8,650) | (1,748) | (10,398) |
| INDOOR FOOTBALL PRACTICE | (134,075) | (27,089) | (161,164) |
| INDOOR TENNIS | (69,200) | (13,981) | (83,181) |
| Interdisciplinary Science and Technology Building - ISTB | 0 | (3,575,035) | (3,575,035) |
| Jenison Field House | (292,001) | (176,200) | (468,201) |
| Kuali Coeus Research Admin | (355,541) | (204,483) | (560,023) |
| Landon Renovation | (471,852) | (607,414) | (1,079,266) |
| LIBRARY | (302,750) | (61,169) | (363,919) |
| Low NOX Burner Boilers 1-2 '01 | (36,918) | (29,476) | (66,394) |
| Low Nox Monitoring System | (28,958) | (21,013) | (49,971) |
| Mary Mayo renovations | (281,250) | (380,780) | (662,030) |
| McDonel Hall - Electrical Conversion | (16,483) | (9,980) | (26,463) |
| McDonel Hall - Elevator replacements | (34,824) | (21,282) | (56,106) |
| MSU Surplus Store and Recycling Center | (665,615) | (348,112) | (1,013,727) |
| MSU Union Renovation | (17,462) | (20,505) | (37,967) |
| MUNN ICE ARENA | (51,900) | (10,486) | (62,386) |
| Munn Ice Arena Expansion | 0 | (7,102) | (7,102) |
| MUSIC BUILDING - ADDITION NO. 3 | 0 | (869,900) | (869,900) |
| Natural Science Bldg-Window Replc | (3,464) | (68,641) | (72,105) |
| Natural Science- New Elect Substation | (45,292) | (32,097) | (77,389) |
| New Intercollegiate Golf Building | (1,036,555) | (75,918) | (1,112,473) |
| Old College Field Lighting | (365,987) | (56,038) | (422,025) |
| Old Hort Renovations | (14,347) | (16,848) | (31,195) |
| PLANT BIOLOGY LAB | (294,100) | (59,421) | (353,521) |
| Plant Science Expansion | (628,044) | (1,645,295) | (2,273,339) |
| Power & Water -- Major repair & replacement (13 projects) | (49,555) | (30,209) | (79,764) |
| Public Art for Debt Funded Projects | (2,749) | (4,890) | (7,639) |
| Regional Chill Water Plant Rpl | (75,808) | (49,557) | (125,365) |
| Replace Chillers - Hannah Bldg. | (50,779) | (30,943) | (81,722) |
| Replace Chillers - Nisbet Bldg. | (18,422) | (11,226) | (29,648) |
| Replace Windows- Human Ecology Bldg. | (23,566) | (14,360) | (37,926) |
| Road- Wilson & Red Cedar - intersection | (32,256) | (85,138) | (117,394) |
| Scene Shop Relocation | (12,973) | (15,234) | (28,207) |
| Secchia Center | (703,095) | (3,141,604) | (3,844,699) |
| Settlement Debt | (9,720,000) | (18,326,088) | (28,046,088) |
| Shaw Hall New Dining Center | (347,977) | (415,080) | (763,057) |
| Shaw Hall Renovation | (389,091) | (233,418) | (622,509) |
| SHAW LANE PARKING RAMP 1 | (880,268) | (529,154) | (1,409,422) |
| SHAW/BOGUE INTERSECTION 2000 | (38,610) | (23,596) | (62,206) |
| SHAW/RED CEDAR INTERSECT 2000 | (36,505) | (22,309) | (58,814) |
| Snyder/Phillips dorm renovation | (1,090,679) | (986,551) | (2,077,230) |
| South Campus Anaerobic Digester | (392,000) | (166,084) | (558,084) |
| Spartan Child Dev Ctr | (92,855) | (74,137) | (166,992) |
| Spartan Stadium North End Zone Addition | (563,817) | (181,947) | (745,764) |
| Spartan Stadium South End Zone Addition | (2,040,427) | (321,918) | (2,362,345) |
| Spartan Turf Paved Nursery | (21,533) | (17,193) | (38,726) |
| Spartan Village - Re-roof various bldgs | (22,413) | (13,698) | (36,111) |
| Spartan Village Electrical | (93,511) | (59,894) | (153,405) |
| SRF High Bay Addition Phase I | (390,245) | (481,074) | (871,319) |
| Stadium Column Repair 2000 | (91,108) | (55,679) | (146,787) |
| Stadium Column Restoration | (32,528) | (19,514) | (52,042) |
| Stadium Expansion | (2,311,888) | (1,579,315) | (3,891,203) |
| STADIUM NEW TURF | (74,537) | (48,658) | (123,195) |
| Stadium North Restoration '02 | (56,370) | (45,006) | (101,376) |
| Stadium Restoration of East Stands 2000 | (217,593) | (132,979) | (350,572) |
| Stadium Scoreboards | (1,000,000) | (112,784) | (1,112,784) |
| Stadium South Concourse Restoration | (42,367) | (3,705) | (46,072) |
| Stadium South Stands | (5,014) | (24,719) | (29,733) |
| Stadium W. Concourse & Columns | (51,131) | (31,249) | (82,380) |
| STEM Teaching and Learning Facility | 0 | (2,511,310) | (2,511,310) |
| Stm Dist & Road Rec E/W Circle Drive | (114,923) | (303,333) | (418,256) |
| Stores Addition | (21,937) | (13,368) | (35,305) |
| Student Data Service | (54,634) | (32,774) | (87,408) |
| T.B. Simon Power Plant - Modernization - Boilers | 0 | (170,410) | (170,410) |
| T.B. Simon Power Plant - Modernization - RICE | 0 | (1,079,560) | (1,079,560) |
| T.B. Simon Power Plant - Modernization - RO system | 0 | (35,750) | (35,750) |
| T.B. Simon Power Plant - Upgrade Utility Substation | (459,067) | (877,784) | (1,336,851) |
| TB Simon Dem Storage Tank #2 | (23,654) | (14,289) | (37,943) |
| TB Simon Low NOx Burner Installation #3 Boiler | (43,591) | (26,550) | (70,141) |
| TB Simon Power Plant - Coal Handling Changes Phase I | (195,515) | (701,525) | (897,040) |
| TB Simon Power plant addition | (1,402,525) | (951,497) | (2,354,022) |
| TB Simon Power Plant SNCR 1,2,3 | (153,454) | (77,631) | (231,085) |
| Track & Field Turf | (111,895) | (89,231) | (201,126) |
| Union Mechanical Renovation | (59,097) | (36,116) | (95,213) |
| UNIVERSITY SERVICES | (134,075) | (27,089) | (161,164) |
| University Village | (366,479) | (447,943) | (814,422) |
| Utility Distribution -- New elec. sub. sta. for Owen Graduate Center | (29,281) | (17,648) | (46,929) |
| Vet. Med. Center - Replace deteriorated roofs | (15,591) | (9,501) | (25,092) |
| Veterinary Oncology | (491,488) | (86,632) | (578,120) |
| Water Distribution - Campus Water System Improvements | 0 | (750,757) | (750,757) |
| Wells Hall Addition | (634,312) | (1,297,632) | (1,931,944) |
| WHARTON CENTER | (220,575) | (44,566) | (265,141) |
| Wharton Center Expansion | (370,770) | (586,350) | (957,120) |
| Wilson Hall - Electrical Conversion | (19,525) | (11,856) | (31,381) |
| Wilson Hall Alterations (C-102 Auditorium) | (13,819) | (8,443) | (22,262) |
| Wilson Rd Phase 2 | (27,571) | (72,772) | (100,343) |
| Wonders Hall - Teaching, Learning, and Student Support Renovation | 0 | (453,747) | (453,747) |
| Grand Total | (57,901,669) | (80,575,228) | (138,476,897) |
* Debt Service from General Revenue bonds and interest rate derivatives that hedge certain Bonds and Commercial Paper. Also included is estimated debt service approximating $21.9 million of principal and $4.9 million of interest on $102.2 million of unhedged short-term Commercial Paper.