Financial Report - Consolidated University Revenue Refunding and Improvement Bonds - Capital Appreciation Bonds, Series 1985 : University of North Texas

	UNIVERSITY OF NORTH TEXAS				Schedule B-10a

BOND DESCRIPTION AND MATURITY SCHEDULE
August 31, 1999
UNAUDITED

CONSOLIDATED UNIVERSITY REVENUE REFUNDING & IMPROVEMENT BONDS - CAPITAL APPRECIATION BONDS, SERIES 1985
TOTAL ISSUE: Principal		$1,709,903.40		DATED: October 30, 1985
Maturity		$7,965,000.00
Current Accreted Value		$6,523,237.19		Fiscal 1999 Accretion	$601,707.80
DENOMINATIONS:		$5,000.00
PAYMENT DATES: Interest Compound and Accrued - October 15 and April 15
	Principal - April 15
REDEMPTION: The Bonds are not subject to redemption prior to the scheduled maturities.
PURPOSE: (1) to provide funds sufficient to finance the expansion, renovation and equipping of certain athletic, student housing, dining services, student union and bookstore facilities and (2) to be used, together with available funds of the University, to refund all of the Board's outstanding bonds - Description and Series:


	Building Revenue Bonds, Series 1962, 1964, 1964A and 1967
	Student Fee Revenue Bonds, Series 1966
	Student General Fee Building Bonds, Series 1970 and 1973
	Combined Fee Revenue Refunding Bonds, Series 1978
FINANCING: First lien on and pledge of the Pledged Revenues. Pledged Revenues include:
	(1) the Gross Revenues of the University Building System
	(2) the gross collections of the General Fee
	(3) the gross collections of the Pledged Student Tuition
	(4) the gross collections of the Student Union Building Fee
	(5) the investment income earned on amounts credited to the Interest and Sinking Fund, the Reserve Fund and other funds maintained pursuant to the Resolution
	(6) any additional revenues, income, receipts or other resources, including, without limitation, any grants, donations or income received or to be received from any public or private source, whether pursuant to an agreement or otherwise, which hereafter may be pledged to the payment of the Bonds or Additional Bonds


AUTHORITY: Art. 717k, Vernon's Tx. Civil Statutes, as amended and Chapter 55, Tx. Ed. Code, as amended
PAYING AGENT: The Bank of New York, New York, NY
DEPOSIT REQUIREMENTS: April 15
RESERVE REQUIREMENTS: See Consolidated University Revenue Refunding Bonds, Series 1997
(Schedule B-10d)
BOND MATURITY SCHEDULE

		Fiscal Year Annual Requirements to Retire
	Bond		Interest Due	Interest Due	Maturity Value
Year	Numbers	Yield	October 15	April 15	April 15	Total

			$	$	$	$
1999-2000	CR01	9.80%			2,010,000.00	2,010,000.00
2000-01	CR02	9.90%			2,000,000.00	2,000,000.00
2001-02	CR03	10.00%			1,980,000.00	1,980,000.00
2002-03	CR04	10.00%			1,975,000.00	1,975,000.00

TOTALS			0.00	0.00	7,965,000.00	7,965,000.00

		Amortization and Expense Schedule
	Bond		Interest Due	Interest Due	Principal Amount
Year	Numbers	Yield	October 15	April 15	April 15	Total
			$	$	$	$
1999-2000	CR01	9.80%	311,802.73	327,261.51	504,007.50	1,143,071.74
2000-01	CR02	9.90%	245,005.99	257,210.64	449,060.00	951,276.63
2001-02	CR03	10.00%	171,029.29	179,580.26	397,346.40	747,955.95
2002-03	CR04	10.00%	89,565.04	94,043.06	359,489.50	543,097.60

TOTALS			817,403.05	858,095.47	1,709,903.40	3,385,401.92

britt@fis.admin.unt.edu

University of North Texas >> Electronic Reports >> Financial Report