Anticipated debt service for Fiscal 2024 on debt outstanding as of June 30, 2023 (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 $7 million of principal and $3.7 million of interest on $82.3 million of unhedged short-term Commercial Paper.
Fiscal Year 2024 Debt Service
| PROJECT | PRINCIPAL | INTEREST | Sum of P&I |
|---|---|---|---|
| 1855 Place | (2,674,944) | (3,596,313) | (6,271,257) |
| 2019C Savings from Refunding 2010C | (760,000) | 1,542,176 | 782,176 |
| Akers Hall Renovation | (370,804) | (527,885) | (898,689) |
| Anthony Hall - Repair simulated slate roof | 0 | (2,530) | (2,530) |
| Armstrong & Bryan Hall Renovations | (58,312) | (411,256) | (469,568) |
| Auditorium - Alterations to Fairchild Theatre | (18,870) | (181,392) | (200,262) |
| Available Proceeds | (1,043,044) | (3,075) | (1,046,119) |
| Bailey and Rather Halls Renovation | (717,615) | (828,881) | (1,546,496) |
| Bio Engineering Facility | (414,813) | (714,406) | (1,129,219) |
| Biochemistry - HVAC Renovation | (601,836) | (247,026) | (848,862) |
| BIOMEDICAL & PHYSICAL SCI BLDG/CHILLER | 0 | (76,170) | (76,170) |
| Breslin Berkowitz - Facility Upgrades & Hall of History | (550,532) | (16,516) | (567,048) |
| Breslin Bleacher Reconfiguration | 0 | (7,735) | (7,735) |
| Breslin Student Events Center - Facility Upgrades | (733,049) | (1,000,001) | (1,733,050) |
| Broad Business College Complex Pavilion | (1,540,383) | (792,598) | (2,332,981) |
| Brody Hall Renovations | (1,344,331) | (1,482,062) | (2,826,393) |
| Brody utility infrastructure improvements | (35,130) | (35,161) | (70,291) |
| Butterfield Hall Renovation | (35,957) | (228,966) | (264,923) |
| Campus Fiber Optic System | (9,448) | (55,940) | (65,388) |
| Campus Steam Distribution System | (559,129) | (1,255,040) | (1,814,169) |
| Cap Interest/Interest Income/Fees/Issuance Costs | 214,731 | 51,516 | 266,247 |
| Case Hall - Elevator replacement | 0 | (10,658) | (10,658) |
| Case Hall 1st Floor Renovations of Dining Hall | (582,957) | (596,309) | (1,179,266) |
| Cashier's Office Renovations | 0 | (4,077) | (4,077) |
| CEMS Boiler 3 | 0 | (4,884) | (4,884) |
| Chemistry - HVAC Renovation | (374,251) | (173,634) | (547,885) |
| Chemistry Lab Renovation (5th floor) | 0 | (2,362) | (2,362) |
| Chemistry Office Addition | (11,050) | (25,397) | (36,447) |
| Chemistry Office Addition Renovations 2007 | (64,476) | (148,191) | (212,667) |
| Chillers 2006 | (36,935) | (84,890) | (121,825) |
| Clinical Center C-Wing HVAC | (72,935) | (95,690) | (168,625) |
| College of Law | (1,520,776) | (203,809) | (1,724,585) |
| COMM ARTS PARKING RAMP 5 | 0 | (151,603) | (151,603) |
| Convert Light T12-T8 | (163,093) | (59,335) | (222,428) |
| Cooling Tower 3 & 4 | 0 | (9,760) | (9,760) |
| Crescent Middlevale | (26,556) | (56,316) | (82,872) |
| Cyclotron Building - Office Addition - Phase III | (227,585) | (299,357) | (526,942) |
| Cyclotron Building New High Bay Addition | (51,823) | (114,801) | (166,624) |
| Cyclotron Low Eng Exp Res and Off Additions | (57,120) | (593,452) | (650,572) |
| Cyclotron Office Addition | (349,476) | (535,340) | (884,816) |
| Cyclotron-refrig/cryo projects | 0 | (7,089) | (7,089) |
| Data Access in Residential Halls | 0 | (15,220) | (15,220) |
| Difference between bond debt service and project repayment schedules | 14,562,440 | (9,896,133) | 4,666,307 |
| Duffy Daugherty Football - Renovate Team Locker Room and Training Room | (577,356) | (62,592) | (639,948) |
| Duffy Daugherty SAAC - Skandalaris Football Offices and Demmer Hall of History | (879,147) | (63,355) | (942,502) |
| EBSP (FIS/HRIS System) | (1,500,466) | (128,775) | (1,629,241) |
| Electrical Support for Units 5 & 6 | (13,569) | (6,744) | (20,313) |
| Emmons Hall Renovations | (404,069) | (416,367) | (820,436) |
| Farm Lane Bridge | 1,532,115 | (73,595) | 1,458,520 |
| Farm Lane Underpass | (234,938) | (526,787) | (761,725) |
| Food Science - HVAC Renovation | (691,179) | (297,060) | (988,239) |
| FOOD SERVICE EQUIPMENT UPDATE | 0 | (4,126) | (4,126) |
| Food Stores Roof Replacement | 0 | (4,135) | (4,135) |
| FRIB 25MW Power Supply | (860,842) | (672,482) | (1,533,324) |
| FRIB Cryogenic Assembly Bldg | (314,094) | (475,469) | (789,563) |
| FRIB High Rigidity Spectrometer and Isotope Harvesting Experimental Vault | (577,200) | (846,126) | (1,423,326) |
| FRIB Power Plant Connection | (123,607) | (164,529) | (288,136) |
| FRIB Utility Relocation Phase I | (103,464) | (206,748) | (310,212) |
| Grand Rapids Property Purchase | (134,910) | (332,132) | (467,042) |
| Grand Rapids Research Center | (1,300) | (717,612) | (718,912) |
| Grand River Parking Ramp | (746,567) | (306,671) | (1,053,238) |
| Health, Wellness and Fitness Fields at Service Rd | (9,540) | (115,456) | (124,995) |
| Health, Wellness, and Fitness Center | (378,038) | (60,896) | (438,934) |
| Healthy Campus / Demonstration Hall - Phase 1 - Multi-Use Court Renovations | (40,351) | (61,082) | (101,433) |
| Healthy Campus / IM East Gym and Track | (38,536) | (58,335) | (96,871) |
| Healthy Campus / IM West Turf Arena Renovations | (74,370) | (112,579) | (186,949) |
| HENRY CENTER EXECUTIVE DEVEL. | (21,813) | (11,360) | (33,173) |
| Holden Hall Dining Upgrades | (21,925) | (23,435) | (45,360) |
| Hubbard Hall Asbestos | 0 | (3,365) | (3,365) |
| Hubbard Hall Fire Protection | 0 | (15,900) | (15,900) |
| HUMAN ECOLOGY SPDC RENOVATION | (25,755) | (73,507) | (99,262) |
| HUMAN ECOLOGY SUITE 2 RENOVATION | (5,344) | (12,283) | (17,627) |
| Innovation and Infrastructure Revolving Fund | 0 | (20,825,000) | (20,825,000) |
| Interdisciplinary Science and Technology Building - ISTB | (2,242,481) | (3,378,889) | (5,621,370) |
| Jenison Field House | (6,114) | (82,188) | (88,302) |
| Kuali Coeus Research Admin | (507,648) | (121,939) | (629,587) |
| Landon Renovation | (108,148) | (326,721) | (434,869) |
| Low NOX Burner Boilers 1-2 '01 | (43,658) | (22,736) | (66,394) |
| Low Nox Monitoring System | (31,222) | (15,979) | (47,201) |
| Mary Mayo renovations | (333,339) | (328,691) | (662,030) |
| McDonel Hall - Electrical Conversion | 0 | (4,602) | (4,602) |
| McDonel Hall - Elevator replacements | 0 | (9,856) | (9,856) |
| MSU Surplus Store and Recycling Center | (783,816) | (225,795) | (1,009,611) |
| MSU Union Renovation | 0 | (8,562) | (8,562) |
| Munn Ice Arena Expansion | (1,091,507) | (392,210) | (1,483,717) |
| MUSIC BUILDING - ADDITION NO. 3 | (2,359,124) | (998,228) | (3,357,351) |
| Natural Science Bldg-Window Replc | (4,048) | (68,050) | (72,098) |
| Natural Science- New Elect Substation | (51,579) | (19,542) | (71,121) |
| Old Hort Renovations | 0 | (7,035) | (7,035) |
| Plant Science Expansion | (688,423) | (1,511,762) | (2,200,185) |
| Power & Water -- Major repair & replacement (13 projects) | 0 | (13,975) | (13,975) |
| Public Art for Debt Funded Projects | (1,452) | (3,635) | (5,087) |
| Regional Chill Water Plant Rpl | (73,918) | (37,032) | (110,950) |
| Replace Chillers - Hannah Bldg. | 0 | (14,311) | (14,311) |
| Replace Chillers - Nisbet Bldg. | 0 | (5,192) | (5,192) |
| Replace Windows- Human Ecology Bldg. | 0 | (6,642) | (6,642) |
| Road- Wilson & Red Cedar - intersection | (37,619) | (79,775) | (117,394) |
| Scene Shop Relocation | 0 | (6,361) | (6,361) |
| Secchia Center | (803,379) | (3,018,393) | (3,821,772) |
| Settlement Debt | (7,130,214) | (14,204,613) | (21,334,827) |
| Shaw Hall New Dining Center | (42,662) | (195,479) | (238,141) |
| Shaw Hall Renovation | 0 | (107,169) | (107,169) |
| SHAW LANE PARKING RAMP 1 | (13,797) | (244,595) | (258,392) |
| SHAW/BOGUE INTERSECTION 2000 | 0 | (10,928) | (10,928) |
| SHAW/RED CEDAR INTERSECT 2000 | 0 | (10,332) | (10,332) |
| Snyder/Phillips dorm renovation | (1,258,038) | (726,436) | (1,984,474) |
| South Campus Anaerobic Digester | (392,000) | (103,364) | (495,364) |
| Spartan Child Dev Ctr | (109,808) | (57,185) | (166,993) |
| Spartan Stadium - Audio Upgrades | 2,886 | (34,976) | (32,090) |
| Spartan Stadium - North and East Bowl Restoration | 110,737 | (39,473) | 71,263 |
| Spartan Stadium North End Zone Addition | (566,330) | (48,834) | (615,165) |
| Spartan Turf Paved Nursery | (25,465) | (13,261) | (38,726) |
| Spartan Village - Re-roof various bldgs | 0 | (6,344) | (6,344) |
| Spartan Village Electrical | (19,940) | (31,777) | (51,717) |
| SRF High Bay Addition Phase I | (46,271) | (232,153) | (278,424) |
| Stadium Column Repair 2000 | 0 | (25,787) | (25,787) |
| Stadium Column Restoration | 0 | (8,959) | (8,959) |
| Stadium Expansion | (2,497,308) | (1,011,645) | (3,508,953) |
| STADIUM NEW TURF | (19,604) | (26,614) | (46,218) |
| Stadium North Restoration '02 | (66,661) | (34,715) | (101,376) |
| Stadium Restoration of East Stands 2000 | 0 | (61,586) | (61,586) |
| Stadium South Stands | 0 | (13,050) | (13,050) |
| Stadium W. Concourse & Columns | 0 | (14,472) | (14,472) |
| STEM Teaching and Learning Facility | (1,542,055) | (2,334,327) | (3,876,382) |
| STEM Teaching and Learning Facility - Shaw Lane Power Plant | 66,607 | (183,233) | (116,626) |
| Stm Dist & Road Rec E/W Circle Drive | (134,030) | (284,226) | (418,256) |
| Stores Addition | 0 | (6,182) | (6,182) |
| Student Data Service | 0 | (15,048) | (15,048) |
| T.B. Simon Power Plant - Modernization - Boilers | (567,636) | (485,510) | (1,053,146) |
| T.B. Simon Power Plant - Modernization - Reverse Osmosis | 110,263 | (6,166) | 104,097 |
| T.B. Simon Power Plant - Modernization - RICE | (1,159,243) | (1,556,690) | (2,715,933) |
| T.B. Simon Power Plant - Modernization - RO system | (1,538) | (2,329) | (3,867) |
| T.B. Simon Power Plant - Upgrade Utility Substation | (737,000) | (819,122) | (1,556,122) |
| TB Simon Dem Storage Tank #2 | 0 | (6,582) | (6,582) |
| TB Simon Low NOx Burner Installation #3 Boiler | 0 | (12,277) | (12,277) |
| TB Simon Power Plant - Coal Handling Changes Phase I | (178,852) | (644,899) | (823,751) |
| TB Simon Power plant addition | (1,551,516) | (582,119) | (2,133,635) |
| TB Simon Power Plant SNCR 1,2,3 | (117,102) | (55,005) | (172,107) |
| Track & Field Turf | (132,292) | (68,749) | (201,041) |
| Union Mechanical Renovation | 0 | (16,726) | (16,726) |
| University Village | (431,366) | (383,055) | (814,421) |
| Utility Distribution -- New elec. sub. sta. for Owen Graduate Center | 0 | (8,121) | (8,121) |
| Vet. Med. Center - Replace deteriorated roofs | 0 | (4,394) | (4,394) |
| Veterinary Oncology | (137,272) | (7,998) | (145,270) |
| Water Distribution - Campus Water System Improvements | (445,414) | (655,503) | (1,100,917) |
| Wells Hall Addition | (483,270) | (1,072,074) | (1,555,344) |
| Wharton Center Expansion | (444,145) | (512,842) | (956,987) |
| Wilson Hall - Electrical Conversion | 0 | (5,474) | (5,474) |
| Wilson Hall Alterations (C-102 Auditorium) | 0 | (3,909) | (3,909) |
| Wilson Rd Phase 2 | (32,155) | (68,188) | (100,343) |
| Wonders Hall - Teaching, Learning, and Student Support Renovation | (282,434) | (427,542) | (709,976) |
| Grand Total | (35,918,726) | (87,836,208) | (123,754,934) |