Date:

August 1, 2006

Code: AD NOAT 06-117

To:

Financial Managers
Accounting Officers
Budget Officers

From:

Mr. George V. Ashkar
Senior Director, Controller, Systemwide Financial Operations
Business and Finance

Subject:

2006/07 CSURMA Premiums

Transfer Request: 069021
Legal Posting FY2006-07
GAAP Posting FY2006-07
(When GAAP year = Legal year, no GAAP entry is needed)

The attached spreadsheet from the California State University Risk Management Authority (CSURMA) identifies the annual risk pool contributions due from your campus for fiscal year 2006/2007. The amounts listed will be charged to your campus via a plan of financial adjustment (PFA). Each campus should have received their invoice mid June 2006.

Since CSURMA has already received payments via check from some campuses, only the amounts listed under "PFA Amounts" on the attachment will be collected with this transaction. Campuses should record the expenses as listed on the attached spreadsheet.

The State Controller has been requested to record these charges with Plan of Financial Adjustment TR069021 dated August 1, 2006.

Please contact Michelle Schlack at (562) 951-4568 with questions related to the invoices or Kelly Cox at (562) 951-4611 kcox@calstate.edu with questions related to the transfer.

GVA:KC:td AD NOAT 06-117

Attachment

cc: Charlene Minnick
Michelle Schlack
Lisa Gibbons
Kelly Cox