Date:

June 29, 2005

Code: AD NOAT 05-97

To:

Financial Managers
Accounting Officers
Budget Officers

From:

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

Subject:

Statement of Capitalization/CPDC FY 04-05
(Channel Islands)

Legal Posting FY2004-05
GAAP Posting FY2004-05
(When GAAP year = Legal year, no GAAP entry is needed)

Attached are capitalization statements for the CPDC non-delegated projects completed on your campus during the last year. These projects must be reclassified from construction work in progress to the appropriate asset classification in FY 04/05 legal basis records.

If you have any questions, please refer to Chapter 5 of the GAAP manual or contact Lily Wang at (562) 951-4628 or via e-mail at lwang@calstate.edu.

GVA:LW:tp AD NOAT 05-97

Attachment