Date:

June 9, 2005

Code: AD 05-03

To:

Vice-Presidents for Administration

From:

George V. Ashkar
Senior Director, Controller
Financial Services

Subject:

New Plan of Financial Adjustment (No. CSU2)

The State Controller's Office has approved the attached new Plan of Financial Adjustment (No. CSU2). This plan addresses how CSU will pay for its Faculty Early Retirement Program.

Requests for transfers under this Plan should reference, "the continuing plan of financial adjustment identified as CSU2, approved by the State Controller on May 26, 2005."

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 05-03

Attachment (.pdf)

Distribution:

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