Date: May 6, 1996 Code: AD NOAT 96-18
To: Financial Managers Accounting Officers Budget Officers
From: George A. Pardon Accounting Director Business and Finance
Subject: Statements of Capitalization
The State Controller has been requested to process SEIR charges with Transfer #959238 dated April 18, 1996.
Attached are capitalization statements for projects completed through June 30, 1995. Used in conjunction with the governor's budget of capital outlay expenditures, and the information provided as Attachment II with AD 96-04, these statements are intended to bring campus fixed asset records current through fiscal year ending 1994/95. The statements present actual expenditure figures, and thus take precedence over the budgetary figures. To capitalize the projects, please make the appropriate entries in Fund 997.
Included with the individual capitalization statements is a consolidated statement of fixed assets completed within the past 5 to 7 years. The top section lists project numbers, project titles and the total amount of capitalization for each project. In addition to project numbers and titles, the lower section provides details of the funding sources, along with the amounts and dates of individual capitalization letters.
An item of note is the date of March 31, 1996 on the consolidated statements. For clarity, all projects affected by our analysis to close out completed construction work-in-progress as of June 30, 1995 are listed with a date of March 31, 1996. This date does not correspond to the dates used on the individual capitalization statements forwarded as attachments.
For fiscal year 1995/96, capitalization statements will be issued shortly. If you have questions, please contact Mr. Keith Clinkscales at (310) 985-2891 for assistance.
GAP:RG:js AD NOAT 96-18
c: Mr. Keith Clinkscales