Date:

March 30, 2005

Code: AD 05-01

To:

Vice-Presidents for Administration

From:

George V. Ashkar
Senior Director, Controller
Financial Services

Subject:

Revised Plan of Financial Adjustment

The State Controller's Office has approved the attached revised Plan of Financial Adjustment (PFA). The plan was changed to incorporate fund 6041. Effective immediately, PFAs must refer to "a continuing plan of financial adjustment approved by the State Controller on October 25, 2004."

Please note that PFAs are not intended to be a means of providing working capital advances, nor overcoming cash flow problems. They are also not to be used to distort interest earnings or potential interest earnings between funds.

If you have questions, please refer to SAM Section 8452, or contact George V. Ashkar at (562) 951-4610.

GVA:tp AD 05-01

Attachment (.pdf)

Distribution:

Mr. William Steffenhagen,State Controller's Office
Accounting Officers
Chancellor's Office Accounting Staff