Date:

August 27, 2004

Code: AD NOAT 04-115

To:

Financial Managers
Accounting Officers
Budget Officers

From:

Mr. George V. Ashkar
Director Systemwide Financial Operations

Subject:

Distribution of April-June 2004 Interest Earnings for Funds 575-001, 580, 581 and 583

Transfer Requests: 049026, 049029, 049030, 049031, 049032, 049028 and 049027

The interest earned from investments through the Surplus Money Investment Fund is being transferred to the campuses for the following:

Dormitory Building Maintenance Equipment and Reserve Fund – Housing (575-001)
Dormitory Revenue Fund – Housing (580-001)
Dormitory Revenue Fund – Student Unions (580-xxx)
Dormitory Revenue Fund – Parking (580-xxx)
Dormitory Revenue Fund – CERF (580-300)
Facilities Revenue Fund (581) and
Parking Revenue Fund (583)

The earnings are for the period April 1 through June 30, 2004.

We have requested the State Controller's Office to make the transfers reported on Attachment A, B and C with Transfer Requests 049026, 049029, 049030, 049031, 049032, 049028 and 049027. The listed campuses should record the journal entries described on the attachments.

For GAAP reporting, please accrue the interest in FY 2003/2004 as directed in chapter 4, page 4-50 to 4-51 of the GAAP Manual.

If you have any questions, please contact Mr. Lawrence Gutierrez at (562) 951-4624 or via e-mail at lgutierrez@calstate.edu.

Attachment A
Attachment B
Attachment C

GVA:LG:tp AD NOAT 04-115