THE CALIFORNIA STATE UNIVERSITY
OFFICE OF THE CHANCELLOR
400 Golden Shore Drive
Long Beach, California 90802-4275
(310) 951-4610

Code:  AD NOAT 95-27

Date: June 7, 1995

To:  Financial Managers
      Accounting Officers
      Budget Officers


From: George A. Pardon
       Accounting Director
       Business and Finance

Subject: Pro Rata of Interest Income Covering July 31, 1994 through
	December 31, 1994 for Dormitory Revenue Fund - Housing (580-261)
Attachment A reflects systemwide income earned from investments through the 
Surplus Money Investment Fund for the Dormitory Revenue Fund - Housing.

The allocation of interest earnings is based on campus monthly cash activity 
generated during the first six months of the 1994/95 fiscal year.  Interest
earnings for the last six months of the 1994/95 fiscal year will be distributed
next fiscal year.

We have requested the State Controller's Office to make the transfer indicated
on Attachment A with PFA #9234.  The journal entries described on
Attachment A should be recorded by the campus.

If you have accounting questions, please call Ms. Cecilia Rubalcaba,
Accounting Department, (310) 985-2897.  Please call Mr. Benjamin Figueroa, 
Auxiliaries Planning and Bonds, (310) 985-2790, if you have questions relating 
to the interest distribution approach.

GAP:CR:AD NOAT 95-27 DRFH
Attachment