Date:

August 20, 2003

Code: AD NOAT 03-79
(Supersedes AD NOAT 03-72)

To:

Financial Managers
Accounting Officers
Budget Officers

From:

Mr. George V. Ashkar
Director Systemwide Financial Operations

Subject:

Statement of Capitalization FY 02-03 - REVISED (Maritime Academy ONLY)

Transfer Request: N/A

As a result of additional expenditures incurred subsequent to the issuance of AD NOAT 03-72, the attached capitalization statement has been revised to reflect the additional costs for Maritime Academy.

Please reclassify the difference from construction work in progress to the appropriate asset classification as a GAAP entry in FY 02-03.

If you have any questions, please contact Lily Wang at (562) 951-4628 or via e-mail at lwang@calstate.edu.

GVA:XX:tp AD NOAT 03-79

Attachment