Date:

July 21, 2006

Code: AD NOAT 06-111

To:

Financial Managers
Accounting Officers
Budget Officers

From:

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

Subject:

SMIF Interest Distribution (April-June 2006) for Funds 575, 580, 581, and 583

Legal Posting FY N/A
GAAP Posting FY N/A
(When GAAP year = Legal year, no GAAP entry is needed)

The interest earned from investments through the Surplus Money Investment Fund is being transferred to the campuses for the following:

Dormitory Bldg. Maint. Equip. and Reserve Fund – Housing (575-201),
Dormitory Bldg. Maint. Equip. and Reserve Fund – Parking (575-202),
Dormitory Bldg. Maint. Equip. and Reserve Fund – Health (575-203),
Dormitory Bldg. Maint. Equip. and Reserve Fund – Decentralized Student Unions (575-204),
Dormitory Bldg. Maint. Equip. and Reserve Fund – CERF (575-206),
Dormitory Revenue Fund – Housing (580-261),
Dormitory Revenue Fund – Parking (580-262),
Dormitory Revenue Fund – Health (580-263),
Dormitory Revenue Fund – Student Unions (580-265),
Dormitory Revenue Fund – CERF (580-267),
Dormitory Revenue Fund – Auxiliary Organizations (580-268),
Facilities Revenue Fund (581) and
Parking Revenue Fund (583).

The earnings are for the period April 1 through June 30, 2006.

We have requested the State Controller's Office to make the transfers reported on Attachment A with Transfer Requests 069008, 069009, 069010, 069011, 069012, 069013, 069014, and 069015. The listed campuses should record the journal entries described on the attachment.

If you have any questions, please contact Brian Lee at (562) 951-4399 or via e-mail at blee@calstate.edu.

GVA:BL:td AD NOAT 06-111

Attachment