Date:

November 1, 2006

Code: AD 06-09
REVISED; REPLACES AD 06-07

To:

Vice Presidents for Administration

From:

George V. Ashkar
Senior Director, Con
Financial Services

Subject:

REVISION OF AD 06-07 - Unrelated Business Income Tax Worksheet

Attached is the Unrelated Business Income Tax Worksheet. The worksheet is to be completed by the campus and returned to the Chancellor's Office to facilitate the preparation and filing of the systemwide Form 990-T tax return for 2005/2006 fiscal year. Also attached is information that may be used to assist the campus in completing the worksheet, including:

• Campus Tax Coordinator Roster
• Exempt Organization Accountancy Group, Inc. - UBIT Overview
• Comprehensive UBIT Test - Please return with Completed Worksheets
  (may not be all inclusive)
• Income Summary Worksheet
• Expense Summary Worksheet
• Depreciation Worksheets
• Prior Years Depreciation Schedule
• Prior Year Taxable Income Listing
• 2005 Instructions for Form 990-T
• IRS Publication 598, Tax on Unrelated Business Income of Exempt
  Organizations (Rev. March 2005)

For your convenience we have made the worksheets available online in Excel format, and can be found in the coded memoranda.

If you have any questions, please contact Silvia Aguilar at (562) 951-4616 or e-mail saguilar@calstate.edu

GVA:SA:lm AD 06-09(Revision of AD 06-07)

Attachment A (.xls)
Attachment B (.pdf)

Distribution:

FOA Administration
Presidents (without attachments)
Financial Managers
Accounting Officers
Vice Presidents for Finance & Administration
Mr. Richard P. West (without attachments)
Mr. Dennis Hordyk