Date:

July 14, 2004

Code: AD NOAT 04-90

To:

Financial Managers
Accounting Officers
Budget Officers

From:

George V. Ashkar
Director Systemwide Financial Operations

Subject:

Statement of Capitalization FY 03-04
(Channel Islands and Maritime Academy Only)

Attached are capitalization statements for the CPDC non-delegated projects completed on your campus during the last year. These projects must be reclassified from construction work in progress to the appropriate asset classification in FY 03/04 legal basis records.

If you have any questions regarding this AD NOAT, please refer to Chapter 5 of the GAAP manual or contact Lily Wang at (562) 951-4628 or via e-mail at lwang@calstate.edu.

GVA:LW:tp AD NOAT 04-90