Date:

February 15, 2006

Code: AD NOAT 05-116

To:

Financial Managers
Accounting Officers
Budget Officers

From:

Mr. George V. Ashkar
Senior Director, Controller
Financial Services, Accounting

Subject:

FY05/06 CONTINUING EDUCATION REVENUE
4 QTR SMIF DISTRIBUTION - CORRECTION

Transfer Request: None
Legal Posting FY2004-05
GAAP Posting FY2005-06
(When GAAP year = Legal year, no GAAP entry is needed)

The Continuing Education Revenue Fund systemwide distribution for the period of April 1, 2005 through June 30, 2005 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.

Questions may be directed to Angelene Renaud (562) 951-4613 or via e-mail at arenaud@calstate.edu

GVA:AR:td AD NOAT 05-116

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