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

 

Date:

September 21, 2006

Code: AD NOAT 06-145

To:

Financial Managers
Accounting Officers
Budget Officers

 

From:

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

 

Subject:

CPDC & Accounting Administrative Fees

 

Transfer Request: 069063
Legal Posting FY2006-07
GAAP Posting FY2006-07
(When GAAP year = Legal year, no GAAP entry is needed)

 

Per a request from CPDC a Plan of Financial Adjustment (PFA) was prepared to recover Administrative and Accounting fees from two construction projects. The Chancellor's Office and each campus needs to record their respective journal entry as described below:

The campuses journal entry to record PFA069063 for SCO Fund 6028003 are as follows:

Debit xxxxxx Capital - Construction Other (Object Code 607033)
Credit 305022 Fund Balance Clearing

The Chancellor's Office will be recording the following journal entry for SCO Fund 0948000-6620-1971-510-D:

Debit 101004 Cash in State Treasury
Credit 580005 Project Revenue
Campus SCO Fund PGM/ELE/COMP CH/REF/YEAR Amount
Chico 6028003 06-52-109 CH. 047/2006/301 $710,790.00
Sacramento 6028003 06-76-101 CH. 157/2003/302 $290,244.00

If you have any questions, please contact William Pittman at (562) 951-4612 or via e-mail at bpittman@calstate.edu.

GVA: WVP: td AD NOAT 06-145