Date:

August 19, 2004

Code: AD NOAT 04-111

To:

Financial Managers
Accounting Officers
Budget Officers

From:

Mr. George V. Ashkar
Director Systemwide Financial Operations

Subject:

Distribution of FY 2003/2004 CERF Interest Earnings - April through June 2004

The Continuing Education Revenue Fund systemwide distribution for the period of April 1, 2004 through June 30, 2004 is being transferred to the campuses. Due to the implementation of AB2812, campuses will be receiving checks rather than the transfer request used in prior years. Campuses will have the option of depositing the money in CERF Fund 573 or Trust Fund 948.

The journal entry should credit FIRMS object 507001 interest from SMIF.

FOR GAAP REPORTING, PLEAST ACCRUE THE INTEREST IN FY 2003/2004 AS DIRECTED IN CHAPTER 4, PAGE 4-50 TO 4-51 OF THE GAAP MANUAL.

Questions may be directed to Sherry Pickering (562) 951-4519 or via e-mail at spickering@calstate.edu.

Attachment

GVA:SP:tp AD NOAT 04-111