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Approval to Issue Trustees of the California State University, Systemwide Revenue Bonds and Related Debt Instruments for One Project George Ashkar, assistant vice chancellor for financial services, requested board approval to authorize the issuance of systemwide revenue bonds and the issuance of Bond Anticipation Notes (BANS) to support interim financing under the commercial paper program of the CSU.. Information Item Agenda Item 1 May 7-9, 2012 Page 1 of 4 COMMITTEE ON FINANCE Report on the Support Budget, 2012-2013 and 2013-2014 Fiscal Years Presentation By Robert Turnage Assistant Vice Chancellor Budget State Budget Overview The 2012-13 governor’s budget identified a 10.3 billion state budget problem (including the need to provide a 1.1 billion reserve).. The LAO recommended against the proposed 4 percent annual increases of the long-term plan as a form of “automatic augmentations.” The LAO also recommended that the legislature reject (a) the Finance Agenda Item 1 May 7-9, 2012 Page 3 of 4 incorporation of state debt service into university budgets and (b) the proposed change in the treatment of CalPERS payments in CSU’s budget.. Quillian Executive Vice Chancellor and Chief Financial Officer Background Auxiliary organizations at the California State University (CSU) are non-profit organizations which are separate legal entities that operate pursuant to written operating agreements with the CSU Board of Trustees, have separate governing boards with close campus linkages and follow all legal and policy rules established by the CSU system and the respective campus administration.. Proposed Revision Finance Agenda Item 4 May 7-9, 2012 Page 2 of 2 The following resolution is proposed to modify Title 5: RESOLVED by the Board of Trustees of the California State University that under Section 89030.1 of the Education Code, that Article 3, Section 42600 of Title 5 of the California Code of Regulations be amended as follows: Title 5..