Date:

June 25, 2003

Code: AD NOAT 03-60

To:

Financial Managers
Accounting Officers
Budget Officers

From:

Mr. George V. Ashkar
Director Systemwide Financial Operations

Subject:

Lottery Fund SMIF Interest FY02 July-Dec 2002

Beginning with fiscal year 2002-03, Lottery Fund disbursements will be processed by check instead of allocation order, as in the past. The only exception to this is for Humboldt State, which will be by an Allocation Order. A check with reference to ADNOAT 03-60 is being mailed to each campus to fund the FY02 period of July-Dec 2002. This is in accordance with the 2002-03 Lottery Program approved by the Board of Trustees.

The check is referenced as "Lottery SMIF Jul-Dec 2002." These transactions should be treated as non-expenditure fund transfers from the Lottery Fund to the local trust fund. Campuses are requested to record these disbursements in their local trust accounts as follows:

CSU Fund	Program	FIRMS	Object Code	Debit/Credit
481	9002	101002	Gen Cash	Debit
481	1001	506021	Transfer In	Credit

The GAAP treatment and reclassification of these entries are included with the instructions for the GAAP audit cycle.

If you have any questions regarding the Lottery Fund SMIF Interest calculation, or this ADNOAT please contact Barbara Iriarte (562) 951-4673 or via e-mail at biriarte@calstate.edu.

For other lottery disbursement questions, please contact Sharon Okashima at (562) 951-4562 or via e-mail at sokashima@calstate.edu.

GVA:BI:tp AD NOAT 03-60

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