THE CALIFORNIA STATE UNIVERSITY
Office of the Chancellor
401 Golden Shore, 5th Floor
Long Beach, California 90802-4210
(562) 951-4610

 

Date:

June 20, 2005

Code: AD NOAT 05-80

To:

Financial Managers
Accounting Officers
Budget Officers

 

From:

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

 

Subject:

Construction Claims Program Participation Premium

Transfer Request: 049263

 

The State Controller's Office has been requested to transfer the following amounts from your campus projects to Chancellor's Office as a premium for participation in the Construction Claims Program.

Campus SCO Fund PGM/ELE/COMP REF/CH/YR Total
CSU Stanislaus 6028003-6670-2003-302 06-92-064 302-157/2003 $386,270.00
CSU San José 6028003-6810-2003-302 06-86-115 302-157/2003 $157,090.00
CSU East Bay 6028003-6720-2002-302 06-64-080 302-379/2002 $192,343.00

Campuses should treat this as an expenditure to the construction Project and use FIRMS Object Code "607033" to record the following journal entry:

Debit (XXXXX) PeopleSoft Account Mapping to FIRMS Object Code "607033"
Credit 305022 Fund Balance Clearing

The Chancellor’s Office will be recording the following journal entry:

Debit 101004 Cash in State Treasury
Credit 505109 Indep Ops Reimb - CSU

If you have questions regarding recording charges, please contact Ms. Nancy Freelander-Paice at (562) 951-4102 or e-mail nfreelander-paice@calstate.edu.

If you have questions regarding recording accounting transactions, please contact Ms. Myeshia Armstrong at (562) 951-4087 or e-mail marmstrong@calstate.edu.

GVA:JK:tp AD NOAT 05-80

c:

Ms. Nancy Freelander-Paice
Ms. Myeshia Armstrong
Mr. Lam Le
Ms. Sylvia Olivas
Mr. Bill Pittman
Ms. Mary Stephens (CSU Stanislaus)
Ms. Rose Le (CSU San Jose)
Mr. Richard Metz (CSU East Bay)