2025-02-12T19:16:18-06:00 2024-06-30 135565207 KPMG LLP 550 SOUTH HOPE STREET SUITE 1500 LOS ANGELES CA 90071 990 2023-07-01 330579971 CALIFORNIA STATE UNIVERSITY INSTITUTE CALI 5629514627 401 GOLDEN SHORE FIFTH FLOOR LONG BEACH CA 90802 STEVEN W RELYEA TREASURER 5629514627 2025-02-11 1 0 CHAD D FRANKS P01071312 2139724000 2025-02-11 2023 2025-03-06 01:10:19Z MILDRED GARCIA 401 GOLDEN SHORE LONG BEACH CA 90802 9461558 0 X WWW.CALSTATE.EDU/FT/CSU-INSTITUTE X 1993 CA OPERATION OF A COMMERCIAL PAPER PROGRAM FOR THE BENEFIT OF CALIFORNIA STATE UNIVERSITY (CSU) TO ENHANCE THE CAPITAL FINANCING FOR PROJECTS, EQUIPMENT, AND FACILITIES SERVING CSU. 5 0 0 0 0 0 0 0 6091982 9088658 19500 372900 0 0 6111482 9461558 0 0 0 0 0 0 0 0 0 5769199 8586633 5769199 8586633 342283 874925 155850802 176925896 152286424 172487088 3564378 4438808 X THE CALIFORNIA STATE UNIVERSITY INSTITUTE'S PURPOSE IS TO FURTHER THE MISSION OF THE CSU BY FACILITATING CENTRALIZED FINANCING AND INVESTMENT PROGRAMS ON BEHALF OF THE CSU SYSTEM, PRINCIPALLY THE COMMERCIAL PAPER PROGRAM OF THE CSU. 0 0 8515082 0 9088658 THE TRUSTEES OF THE CALIFORNIA STATE UNIVERSITY (THE "BOARD") UTILIZE A COMMERCIAL PAPER ("CP") PROGRAM FOR VARIOUS FINANCING ACTIVITIES THROUGH THE CSU INSTITUTE (THE "INSTITUTE"), AN AUXILIARY ORGANIZATION OF THE CSU. TO FUND CAPITAL IMPROVEMENTS DURING CONSTRUCTION PERIODS, THE INSTITUTE INITIALLY ISSUES COMMERCIAL PAPER TO FINANCE VARIOUS CAMPUS AND AUXILIARY CAPITAL OUTLAY PROJECTS. DURING THIS FISCAL YEAR, THE INSTITUTE FACILITATED SHORT-TERM FINANCING OF $93.3 MILLION, WHICH WAS SUBSEQUENTLY REFINANCED WITH LONG-TERM FIXED-RATE SYSTEMWIDE REVENUE BONDS ISSUED ON AUGUST 29, 2024. THE INSTITUTE ALSO ISSUES CP AND LENDS THE PROCEEDS TO CAMPUSES AND AUXILIARIES TO FINANCE EQUIPMENT PURCHASES, SUPPORTED BY CAPITAL LEASES UNDER THE EQUIPMENT FINANCING PROGRAM. CURRENTLY, THE EQUIPMENT FINANCING PROGRAM DOES NOT HAVE ANY OUTSTANDING DEBT, GIVEN THE FULL REPAYMENT OF RELATED CAPITAL LEASES AND NO NEW LEASE-FINANCING TRANSACTIONS. 8515082 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 CA X ALICE KIM 5629514627 401 GOLDEN SHORE 5TH FLOOR LONG BEACH CA 90802 STEVEN RELYEA TREASURER 1.00 57.00 X X 0 400918 138092 JOLENE KOESTER CHAIRWOMAN (THRU 09/2023) 1.00 70.00 X X 0 697767 180632 MILDRED GARCIA CHAIRWOMAN (AS OF 10/2023) 1.00 70.00 X X 0 159922 44719 SYLVIA ALVA SECRETARY (THRU 07/2023) 1.00 57.00 X X 0 426028 168391 DILCIE PEREZ SECRETARY (AS OF 07/2023) 1.00 57.00 X X 0 296249 105753 LORI REDFEARN BOARD MEMBER (THRU 12/2023) 1.00 57.00 X 0 304263 127923 LEORA FREEDMAN BOARD MEMBER 1.00 57.00 X 0 331306 133847 AARON MOORE BOARD MEMBER (THRU 02/2024) 1.00 57.00 X 0 157490 75920 GREG SAKS BOARD MEMBER (AS OF 02/2024) 1.00 57.00 X 0 291492 118933 0 3065435 1094210 0 0 1 0 STATE STREET BANK AND TRUST COMPANY 100 HUNTINGTON AVENUE BOSTON MA 02116 FINANCIAL SRVC 1131250 1 INTEREST RECOVERY 611710 6692129 6692129 PROGRAM COST RECOVERY 611710 2396529 2396529 9088658 372900 372900 9461558 9088658 0 372900 X 45000 45000 18870 18870 1271020 1271020 6692129 6692129 7261 7261 ADMIN/OVERHEAD REIMBURS 549550 549550 MEMBERSHIP DUES 2383 2383 TAXES AND LICENSES 420 420 8586633 8515082 71551 0 0 0 0 0 0 0 0 0 0 0 0 0 151711000 171877000 0 0 22667 23250 0 0 0 0 3657026 4515496 0 0 0 0 0 0 460109 510150 155850802 176925896 115315 99938 0 0 0 0 151711000 171877000 0 0 0 0 0 0 0 0 460109 510150 152286424 172487088 X 0 0 0 0 3564378 4438808 3564378 4438808 155850802 176925896 874925 -495 0 X 0 1 X 1 0 X X 1 CALIFORNIA STATE UNIVERSITY 954601267 6 1 8586633 0 1 8586633 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART-I LINE-12G FORM 990, SCH A, PART I, LINE 12G CSU INSTITUTE PURCHASED PROFESSIONAL SERVICES FOR THE BENEFIT OF THE CSU. SEE FORM 990, PART IX, FOR FURTHER DETAILS. 0 INTEREST PAYABLE 510150 510150 9442193 -495 -495 9442688 18870 18870 9461558 8567763 0 8567763 18870 18870 8586633 0 0 0 0 0 0 0 0 0 JOLENE KOESTER CHAIRWOMAN (THRU 09/2023) 0 525799 0 0 0 171968 0 166667 0 13965 0 878399 0 0 SYLVIA ALVA SECRETARY (THRU 07/2023) 0 413444 0 0 0 12584 0 143673 0 24718 0 594419 0 0 STEVEN RELYEA TREASURER 0 383974 0 0 0 16944 0 123689 0 14403 0 539010 0 0 LEORA FREEDMAN BOARD MEMBER 0 319306 0 0 0 12000 0 103706 0 30141 0 465153 0 0 LORI REDFEARN BOARD MEMBER (THRU 12/2023) 0 303867 0 0 0 396 0 99468 0 28455 0 432186 0 0 GREG SAKS BOARD MEMBER (AS OF 02/2024) 0 282434 0 0 0 9058 0 91312 0 27621 0 410425 0 0 DILCIE PEREZ SECRETARY (AS OF 07/2023) 0 296111 0 0 0 138 0 94763 0 10990 0 402002 0 0 AARON MOORE BOARD MEMBER (THRU 02/2024) 0 157430 0 0 0 60 0 51360 0 24560 0 233410 0 0 MILDRED GARCIA CHAIRWOMAN (AS OF 10/2023) 0 132098 0 0 0 27824 0 42400 0 2319 0 204641 0 0 PART I, LINE 3 COMPENSATION POLICY FORM 990, SCH J, PART I, LINE 3 I. SCOPE OF POLICY THIS POLICY GOVERNS COMPENSATION FOR ALL CALIFORNIA STATE UNIVERSITY (CSU) EMPLOYEES. HTTPS://CALSTATE.POLICYSTAT.COM/POLICY/16051928/LATEST/ II. GUIDING PRINCIPLES IT IS THE INTENT OF THE BOARD OF TRUSTEES TO COMPENSATE ALL CSU EMPLOYEES IN A MANNER THAT IS FAIR, REASONABLE, COMPETITIVE, AND FISCALLY PRUDENT IN RESPECT TO SYSTEM BUDGET AND STATE FUNDING. THE GOAL OF THE CSU CONTINUES TO BE TO ATTRACT, MOTIVATE, AND RETAIN THE MOST HIGHLY QUALIFIED INDIVIDUALS TO SERVE AS FACULTY, STAFF, AND EXECUTIVES, WHOSE KNOWLEDGE, EXPERIENCE, AND CONTRIBUTIONS CAN ADVANCE THE UNIVERSITY'S MISSION. THE CSU ADHERES TO TOTAL COMPENSATION PRACTICES THAT ARE FAIR AND EQUITABLE IN DESIGN, APPLICATION, AND DELIVERY. TOTAL COMPENSATION INCLUDES SALARY AS WELL AS BENEFITS, SUCH AS HEALTH AND WELFARE BENEFITS INCLUDING RETIREMENT, PAID TIME OFF, SABBATICALS, EDUCATIONAL FEE WAIVERS, VACATION AND SICK LEAVE ACCRUAL, OR ANY OTHER BENEFITS OR PERQUISITES PROVIDED TO CSU EMPLOYEES. III. COMPENSATION A: ALL EMPLOYEE COMPENSATION: THE CSU EVALUATES COMPETITIVE AND FAIR COMPENSATION FOR ALL EMPLOYEES BASED ON PERIODIC MARKET COMPARISON SURVEYS AND THE DEPTH OF SKILL AND EXPERIENCE OF AN INDIVIDUAL EMPLOYEE. THE COMPENSATION SYSTEM FOR THE CSU SHALL (A) BE ADMINISTERED IN A MANNER THAT COMPLIES WITH ALL APPLICABLE FEDERAL, STATE, AND LOCAL REGULATIONS AND LAWS, AND (B) BE CONSISTENT WITH APPLICABLE ADMINISTRATIVE POLICIES, RULES AND COLLECTIVE BARGAINING AGREEMENTS. B: EXECUTIVE COMPENSATION: THE CSU WILL MAINTAIN AND PERIODICALLY UPDATE A TIERED LIST OF CSU COMPARISON INSTITUTIONS FOR EXECUTIVE EMPLOYEE GROUPS. THE LIST MAY TAKE INTO ACCOUNT GEOGRAPHIC LOCATION, ENROLLMENT, PERCENT OF PELL ELIGIBLE STUDENTS, BUDGET, RESEARCH FUNDING, AND SUCH OTHER VARIABLES AS DEEMED APPROPRIATE. EXECUTIVE COMPENSATION WILL BE GUIDED WITH REFERENCE TO THE MEAN AND/OR MEDIAN OF THE APPROPRIATE COMPARISON INSTITUTIONS, TOGETHER WITH AN INDIVIDUAL'S REPUTATION, AND LENGTH, DEPTH AND EFFECTIVENESS OF APPLICABLE EXPERIENCE, AND OTHER MERITORIOUS ACHIEVEMENT AND CONTRIBUTIONS TO THE SUCCESS OF THE CSU. 1 - PRESIDENTIAL COMPENSATION A: SALARY AT APPOINTMENT: WHEN A PRESIDENTIAL VACANCY OCCURS, THE SUCCESSOR PRESIDENT'S SALARY SHOULD NOT (ABSENT EXTENUATING CIRCUMSTANCES) EXCEED THE INCUMBENT'S SALARY BY MORE THAN 10 PERCENT. ANY AMOUNT IN EXCESS OF THE INCUMBENT'S SALARY SHALL BE BASED UPON CRITERIA SUCH AS EXTRAORDINARY CIRCUMSTANCES, KNOWLEDGE AND/OR EXPERIENCE OR ABILITY TO CONTRIBUTE TO AND ADVANCE THE UNIVERSITY'S MISSION, AND MARKET CONDITIONS. A PRESIDENT'S SALARY MAY ONLY BE FUNDED WITH STATE FUNDS. THE CHANCELLOR SHALL HAVE AUTHORITY TO NEGOTIATE RECOMMENDED STARTING SALARIES FOR PRESIDENTS. THE CHANCELLOR SHALL PRESENT THE RECOMMENDED SALARY TO THE BOARD OF TRUSTEES FOR APPROVAL. B: PERIODIC PRESIDENTIAL SALARY ASSESSMENT: ON AN ANNUAL BASIS, AND AS A GENERAL RULE AT THE JULY MEETING OF THE BOARD OF TRUSTEES, THE BOARD SHALL BE PRESENTED WITH A SALARY ASSESSMENT OF ALL PRESIDENTS WHO HAVE RECEIVED A TRIENNIAL REVIEW IN ACCORDANCE WITH THE BOARD OF TRUSTEES POLICIES AND PROCEDURES FOR REVIEW OF PRESIDENTS DURING THE PREVIOUS FISCAL YEAR. THE BOARD SHALL DETERMINE WHETHER AN INCREASE TO A PRESIDENT'S SALARY IS WARRANTED BASED ON CSU'S OPERATIVE MARKET DATA (WHICH SHOULD BE REVIEWED EVERY FIVE YEARS), AND IF SO, THE AMOUNT OF ANY SUCH ADJUSTMENT. FOLLOWING THE INITIAL SALARY ASSESSMENT, THE PRESIDENT'S SALARY SHALL BE REASSESSED ONCE A YEAR AGAINST OPERATIVE MARKET DATA FOR THE NEXT TWO YEARS, AND IF THE PRESIDENT'S ANNUAL SALARY CONTINUES TO BE BELOW THE PEER GROUP MEDIAN, A RECOMMENDED INCREASE SHALL BE PRESENTED TO THE BOARD EACH JULY. THE GOAL OF THE SALARY ASSESSMENT PROCESS IS TO INCREMENTALLY BRING EACH PRESIDENT INTO ALIGNMENT WITH THE PEER GROUP MEDIAN. THE FIRST YEAR, PRESIDENTIAL SALARIES MAY BE ADJUSTED UP TO THE PEER GROUP MEDIAN BY AN AMOUNT NOT TO EXCEED 10 PERCENT. THE SECOND AND THIRD YEAR ADJUSTMENTS SHALL BE MADE IN ACCORDANCE WITH THE FOLLOWING MATRIX: AMOUNT TO REACH PEER GROUP MEDIAN - INCREASE: 0% TO 5% - 0% 5.01% TO 10% - 2% 10.01% TO 15% - 4% 15.01% TO 25% - 7% 25.01% TO 35% - 10% AS A CONDITION OF RECEIVING A MARKET-BASED SALARY INCREASE, THE PRESIDENT MUST HAVE BEEN IN THEIR POSITION FOR THREE YEARS AND MUST HAVE RECEIVED A SATISFACTORY EVALUATION DURING THEIR TRIENNIAL REVIEW. MARKET-BASED SALARY INCREASES APPROVED BY THE BOARD IN ACCORDANCE WITH THIS POLICY WILL BE EFFECTIVE JULY 1ST OF THE APPROVAL YEAR. COMPENSATION ACTIONS ARE SUBJECT TO AVAILABILITY OF FUNDS AND CURRENT BUDGET CONDITIONS. C: OTHER SALARY INCREASE PROGRAMS: A SALARY ADJUSTMENT DURING TRIENNIAL PERFORMANCE REVIEWS DOES NOT PROHIBIT THE INCUMBENT FROM BEING ELIGIBLE FOR THE ANNUAL MERIT INCREASE PROGRAM AS PROVIDED TO OTHER NON-REPRESENTED EMPLOYEES. 2 - INDIVIDUAL SALARY INCREASES: THE BOARD ALSO RETAINS THE RIGHT, IN ITS DISCRETION, TO MAKE OTHER SALARY ADJUSTMENTS AS NECESSARY AT OTHER TIMES FOR AN EXECUTIVE WHEN A SIGNIFICANT EQUITY OR RETENTION ISSUE IS IDENTIFIED. THE CHANCELLOR SHALL RECOMMEND ALL EXECUTIVE SALARY ADJUSTMENTS TO THE BOARD OF TRUSTEES FOR APPROVAL IN OPEN SESSION OF A BOARD MEETING. IV. AUTHORITY THIS POLICY IS ISSUED PURSUANT TO RUFP MAY 24, 2007 AND SECTION II OF THE STANDING ORDERS OF THE BOARD OF TRUSTEES OF THE CALIFORNIA STATE UNIVERSITY AS FURTHER DELEGATED BY THE STANDING DELEGATIONS OF ADMINISTRATIVE AUTHORITY. A CALIFORNIA STATE UNIVERSITY INSTITUTE 330579971 13078FDT0 2022-03-03 7520000 SLO SCIENCE & AGRICULTURE TEACHING & RESEARCH COMP 0 1 0 B CALIFORNIA STATE UNIVERSITY INSTITUTE 330579971 13079L4Z2 2024-03-05 86700000 VARIOUS CAPITAL PROJECTS THROUGH UNIVERSITY SYSTEM 0 1 0 A 1056000 7605354 32147 105573 7453280 14354 2023 0 0 1 1 B 85177000 1363642 1235824 44781544 37795990 1 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 1 0 0 1 0 0 0 1 A 1 B 1 SCHEDULE K, PART I, ROW B, COLUMN (C), CUSIP NUMBER: EVERY ISSUE IS AN ISSUE OF COMMERCIAL PAPER, PURSUENT TO TREASURY REGULATION SECTION 1.150-1(C)(4). AS SUCH, NOTES OF EACH ISSUE ARE PERIODICALLY ISSUED TO PAY OFF MATURING NOTES FROM THE SAME ISSUE. HENCE, THERE MAY BE MULTIPLE CUSIP NUMBERS FOR EACH PROJECT. SCHEDULE K, PART I, ROW A & B, COLUMN (H), ON BEHALF OF ISSURER: CALIFORNIA STATE UNIVERSITY INSTITUTE IS ISSUING COMMERCIAL PAPER ON BEHALF OF THE CALIFORNIA STATE UNIVERSITY TRUSTEES, WHICH IS ITSELF AN AGENCY OF THE STATE OF CALIFORNIA, AND HAS THE POWER OF EMINENT DOMAIN IN THE EXERCISE OF ITS POWERS. SCHEDULE K, PART II, LINE 1, COLUMN A & B, AMOUNT OF BONDS RETIRED: THIS AMOUNT REPRESENTS THE TOTAL PRINCIPAL PAID BY THE CAMPUS TOWARD THE COMMERCIAL PAPER DEBT SINCE THE DATE ISSUED, PART I(D), THROUGH JUNE 30, 2024. SCHEDULE K, PART II, LINE 3, COLUMN A, TOTAL PROCEEDS OF ISSUE: REFLECTS ACTUAL COMMERCIAL PAPER PROCEEDS ISSUED PLUS ACTUAL INTEREST EARNINGS (SURPLUS MONEY INVESTMENT FUND, SMIF) PLUS CAPITALIZED INTEREST PLUS CAPITALIZED PROGRAM COSTS, IF ANY, AS OF JUNE 30, 2024. SCHEDULE K, PART II, LINE 3, COLUMN B, TOTAL PROCEEDS OF ISSUE: REFLECTS ACTUAL COMMERCIAL PAPER PROCEEDS ISSUED PLUS ACTUAL INTEREST EARNINGS (SURPLUS MONEY INVESTMENT FUND, SMIF) PLUS CAPITALIZED INTEREST PLUS CAPITALIZED PROGRAM COSTS, IF ANY, AS OF JUNE 30, 2024. ISSUE PRICE MAY DIFFER FROM TOTAL PROCEEDS BECAUSE ISSUE PRICE REFLECTS EXPECTED TOTAL AMOUNT OF COMMERCIAL PAPER NOTES TO BE ISSUED FOR ENTIRE ISSUE. SCHEDULE K, PART II, LINE 7, ISSUANCE COSTS FROM PROCEEDS: THIS AMOUNT REPRESENTS THE COMMERCIAL PAPER PROGRAM COSTS WHICH HAVE BEEN PAID WITH PROCEEDS SINCE THE DATE ISSUED, PART I, COLUMN (D), THROUGH JUNE 30, 2024. SCHEDULE K, PART II, LINE 8, CREDIT ENHANCEMENT FROM PROCEEDS: IT IS NOT POSSIBLE TO BREAK OUT THE CREDIT ENHANCEMENT FEES FOR EACH PROJECT AS THE CREDIT ENHANCEMENT FEES SECURE ALL THE COMMERCIAL PAPER PROGRAMS WHICH CONSIST OF MULTIPLE ISSUES OF COMMERCIAL PAPER. ADDITIONALLY, THE AMOUNTS IN LINE 7 INCLUDE CREDIT ENHANCEMENT FEES. SCHEDULE K, PART II, LINE 12, COLUMN B, OTHER UNSPENT PROCEEDS: THIS AMOUNT REPRESENTS UNSPENT COMMERCIAL PAPER PROCEEDS PLUS UNSPENT INTEREST EARNED (SURPLUS MONEY INVESTMENT FUND, SMIF) AS OF JUNE 30, 2024. SCHEDULE K, PART II, LINE 14, COLUMN B, TAX-EXEMPT BOND REFUNDINGS: THE CAPITAL PROJECT PROGRAM IS PART OF THE ISSUER'S COMMERCIAL PAPER PROGRAM THAT IS USED TO FINANCE AND REFINANCE CAPITAL PROJECTS FOR VARIOUS CAMPUSES OF THE CALIFORNIA STATE UNIVERSITY ON A ROLLING BASIS. EACH ISSUE OF SUCH COMMERCIAL PAPER INCLUDES NOTES TO FINANCE NEW PROJECTS AND NOTES TO PAY OFF PREVIOUSLY ISSUED NOTES. THEREFORE, THE REFUNDING COMPONENT OF THE CAPITAL PROGRAM REFINANCES NOTES FROM VARIOUS PRIOR ISSUES OF COMMERCIAL PAPER. FORM 990, PART VI, SECTION B, LINE 11B PROCESS OF REVIEWING FORM 990 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS (THE "BOARD") HAS DELEGATED THE REVIEW OF THE FORM 990 TO THE AUDIT COMMITTEE. THE SENIOR DIRECTOR AND SENIOR FINANCIAL REPORTING MANAGER OF THE SYSTEMWIDE FINANCIAL STANDARDS & REPORTING AT THE CHANCELLOR OFFICE WORKS CLOSELY WITH THE OUTSIDE ACCOUNTING FIRM, KPMG, IT ENGAGES TO PREPARE THE RETURN; AND THE FINAL FORM 990 IS ALSO REVIEWED BY THE CONTROLLER PRIOR TO PROVIDING THE FORM TO THE AUDIT COMMITTEE. SUBSEQUENT TO ITS REVIEW, THE AUDIT COMMITTEE REPORTS BACK TO THE BOARD REGARDING ITS OVERSIGHT OF THE FORM 990 AND THE FINAL FORM IS PROVIDED TO THE ENTIRE VOTING BOARD BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY THE AUDIT COMMITTEE REVIEWS AND, AS NECESSARY, RECOMMENDS ACTIONS RELATED TO SIGNIFICANT CONFLICTS OF INTEREST AND RELATED PARTY TRANSACTIONS. PURSUANT TO THE CONFLICTS OF INTEREST POLICY UPDATED AND APPROVED FEBRUARY 2014, AN ANNUAL CONFLICT OF INTEREST FORM, AIMED AT DETERMINING ANY FAMILY AND BUSINESS RELATIONSHIPS AND TRANSACTIONS OR OTHER TRANSACTIONS THAT MAY POSE A POTENTIAL CONFLICT, IS DISTRIBUTED TO ALL COVERED PERSONS (I.E., BOARD MEMBERS, SENIOR FINANCIAL OFFICERS.) THE PROCEDURES FOR ADDRESSING ANY CONFLICT OF INTEREST INCLUDES, BUT IS NOT LIMITED TO, THE FOLLOWING: (1) THE CONFLICTING INTEREST IS FULLY DISCLOSED TO THE BOARD; (2) THE BOARD DISCUSSES THE MATTER IN OPEN SESSION, ALLOWING THE DIRECTOR WHOSE CONDUCT IS AT ISSUE TO PROVIDE EXPLANATION; (3) THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION; (4) THE BOARD TAKES ACTION REGARDING THE MATTER BY MAJORITY VOTE; AND (5) SUCH ACTION MAY INCLUDE VALIDATION OF THE TRANSACTION WITH CONDITIONS, CENSURE OR REMOVAL OF THE DIRECTOR, RESCISSION OF THE TRANSACTION, OR ANY OTHER ACTION DEEMED APPROPRIATE BY THE BOARD. ANY CONFLICTS THAT ARE IDENTIFIED ARE ENTERED INTO THE BOARD MINUTES IN ADDITION TO ANY RESOLUTION TO THE CONFLICT WHICH HAS BEEN TAKEN. FORM 990, PART VI, SECTION B, LINE 13: WRITTEN WHISTLEBLOWER POLICY THE CSU INSTITUTE DOES NOT HAVE EMPLOYEES. CSU INSTITUTE APPLIES THE WHISTLEBLOWER POLICY OF THE CALIFORNIA STATE UNIVERSITY, WHICH IS THEIR RELATED ORGANIZATION, WHEN NECESSARY. FORM 990, PART VI, SECTION B, LINE 14: WRITTEN DOCUMENT RETENTION AND DESTRUCTION THE CSU INSTITUTE UPDATED AND APPROVED FEBRUARY 2014 A RECORD RETENTION AND DESTRUCTION POLICY. THE BOARD OF DIRECTORS, INCLUDING THE STAFF IN CHARGE OF THE ORGANIZATION, HAS AN OBLIGATION FOR MAINTAINING AND DOCUMENTING THE STORAGE AND DESTRUCTION OF RECORDS. IT DESIGNATES THE LENGTH OF TIME TO MAINTAIN BUSINESS RECORDS FOR LEGAL, FISCAL, OPERATIONAL, AND HISTORICAL NEEDS FOR THE OBJECTIVE OF: 1) ENSURING REGULATORY COMPLIANCE; 2) PROVIDING FOR SYSTEMATIC DISPOSITION OF RECORDS WHEN THEY HAVE FULFILLED THEIR USEFULNESS; AND 3) TRANSFERRING VITAL INFORMATION FROM CURRENT TO FUTURE LEADERSHIP. FORM 990, PART VI, SECTION C, LINE 19 DISCLOSURE OF DOCUMENTS FORM 990, PART VI, SECTION C, LINE 19 WHILE FEDERAL TAX LAWS DO NOT MANDATE THAT THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, WHISTLEBLOWER POLICY, RECORDS AND RETENTION AND DESTRUCTION POLICY, AND FINANCIAL STATEMENTS BE MADE AVAILABLE FOR PUBLIC INSPECTION, THE ORGANIZATION MAKES THEM AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G LETTER OF CREDIT FEES: PROGRAM SERVICE EXPENSES 1,131,250. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,131,250. COMM PAPER DEALER FEES: PROGRAM SERVICE EXPENSES 74,004. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 74,004. COMM PAPER RATING AGENCY FEES: PROGRAM SERVICE EXPENSES 38,417. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 38,417. COMM PAPER PROGRAM COSTS: PROGRAM SERVICE EXPENSES 23,137. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,137. ISSUING AND PAYING AGENT FEES: PROGRAM SERVICE EXPENSES 4,212. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,212. CALIFORNIA STATE UNIVERSITY 401 GOLDEN SHORE LONG BEACH CA 90802 954601267 EDUCATION CA N/A STATE OF CA 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0 0