LIC 9267 Form 5-3: Calculation Of Long-Term Debt Reserve Amount

The LIC 9267 Form 5-3 is used to calculate the long-term debt reserve amount for facilities regulated by the California Department of Social Services. This form considers factors such as the outstanding long-term debt, interest rates, and repayment terms to determine the appropriate reserve amount that needs to be set aside to meet future debt service obligations. It ensures that facilities maintain adequate reserves to fulfill their financial responsibilities, promoting financial stability and sustainability. By completing this form, facility operators ensure proper calculation and allocation of long-term debt reserves.