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Date: |
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April 17, 2003 |
Code: AD 03-01 |
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To: |
Vice Presidents for Administration |
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From: |
George V. Ashkar |
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Subject: |
Revised Plan of Financial Adjustment |
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The State Controller's Office has approved the attached revised Plan of Financial Adjustment (PFA). The plan was changed to incorporate fund 6028. Effective immediately, PFAs must refer to "a continuing plan of financial adjustment approved by the State Controller on April 4, 2003." Please note that PFAs are not intended to be a means of providing working capital advances, nor overcoming cash flow problems. They are also not to be used to distort interest earnings or potential interest earnings between funds. Corrections of prior PFAs, transfer of funds and other journal entries must be submitted as a separate request, not a PFA. If you have questions, please refer to SAM Section 8452, or contact George V. Ashkar at (562) 951-4610. GVA:tp AD 03-01
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