Date:

May 15, 2002

Code: AD NOAT 02-16

To:

Financial Managers
Accounting Officers
Budget Officers

From:

Sean Boylan
Acting Director
Systemwide Financial Operations

Subject:

Continuing Education Revenue Fund (CERF) (573-000) Loan Pool Dissolution & Interest Income Distribution

Attachment A reflects the transfer to the campuses the interest income and the CERF reserves originally transferred in accordance with the memorandum dated April 16, 1996 from Dr. Edward McAleer to establish a One Million Dollar ($1,000,000) Extended University (CERF) Loan Fund within systemwide reserves. The listed campuses should record the journal entry described in Attachment A.

Please contact Mr. Melanio Lorenzo with questions regarding the transfer at (562) 951-4596 or via e-mail at mlorenzo@calstate.edu.

SB:ML:tp AD NOAT 02-16

Attachment A

cc:	Mr. Sean Boylan