Date: May 6, 1998 Code: AD NOAT 98-31

TO: Financial Managers

Accounting Officers

Budget Officers

From: George A. Pardon

Accounting Director

Business and Finance

Subject: Annual Adjustments to Retained Earnings for Fiscal Year 1996/97

The enclosed attachment reflects retained earnings adjustments to the CSU Lottery Fund. The adjustments pertain to campus expenditures occurring in fiscal year 1996/97 and the resulting year-end balance. The journal entry described on the attachment should be recorded by the listed campuses.

Please contact Ms. Emelda Becerra at (562) 985-2730 or emelda_becerra@calstate.eduwith related questions.

GAP:EB:mc AD NOAT 98-31

Attachment-The CSU Annual Adjustment to Retained Earnings

c: Ms. Emelda Becerra

Ms. Susan Belvin

Ms. Ruth Stipp