Date:

November 10, 2005

Code: AD NOAT 05-155

To:

Financial Managers
Accounting Officers
Budget Officers

From:

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

Subject:

Distribution of FY 2005/2006 CERF Interest Earnings - July through September 2005

Legal Posting FY 2005/2006
GAAP Posting FY 2005/2006
(When GAAP year = Legal year, no GAAP entry is needed)

The Continuing Education Revenue Fund systemwide distribution for the period of July 1, 2005 through September 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 interests 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 05-155

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