401 Golden Shore, 5th Floor
Long Beach, CA 90802-4210
Financial Services, Accounting
Jean L. Gill
Financial Services Accounting
Fund Balance Clearing Adjustment for Health Fund 0581
Legal Posting: FY N/A
GAAP Posting: FY N/A
(When GAAP year = Legal year, no GAAP entry is needed)
The following attachment reflects Fund Balance Clearing adjustments for the Facilities Revenue Fund 0581. The State has exhausted its cash balance in this fund and it will no longer be used. These adjustments will zero out the Fund Balance Clearing balance at both the Campus and the Chancellor’s Office. There will be a CPO reimbursement in Fund 0948 in the amount of the Fund Balance Clearing adjustment for those campuses. Once the AD NOAT is booked, the expenditure account at the SCO will be closed and blocked. Please record the Journal Entry on the attachment.
Questions or comments regarding this report should be directed to Brian Lee at (562) 951-4399 or via email at Blee@calstate.edu.