CSU | AD NOAT 05-77 | Coded Memos | Systemwide Financial Operations

Date:

July 18, 2005

Code: AD NOAT 05-77

To:

Financial Managers
Accounting Officers
Budget Officers

From:

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

Subject:

Channel Islands Housing Loan

Transfer Request: 049291

The State Controller's Office has been requested to transfer $500,000.00 on TR049291 as loan from the Chancellor's Office to provide planning funding for the Channel Island's Student Housing Phase II project. A promissory note, dated May 18, 2005, explains the terms of the loan.

The campus journal entry to record the transaction for SCO fund 580 is as follows:

Debit	305022	Fund Balance Clearing
Credit	506126	Transfers in from within the Same Fund-Interagency
To record the transfer from the Chancellor's Office.

Debit	506126	Transfers in from within the Same Fund-Interagency
Credit	207002	Loans Payable - Other
To record the loan from the Chancellor's Office.

The Chancellor’s Office will be recording the following journal entry for SCO fund 580:

Debit	680126	Transfers out from within the Same Fund-Interagency
Credit	101004	Cash in State Treasury
To record the transfer to the Channel Islands campus.

Debit	109004	Loans Receivable - Other
Credit	680126	Transfers out from within the Same Fund-Interagency
To record the loan to the Channel Islands campus.

If you have any questions, please contact Lawrence Gutierrez at (562) 951-4624 or via e-mail at lgutierrez@calstate.edu.

GVA:LG:tp AD NOAT 05-77