Date:

October 30, 2006

Code: AD NOAT 06-155

To:

Financial Managers
Accounting Officers
Budget Officers

From:

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

Subject:

SMIF Interest Distribution (July-September 2006) for Fund 948

Legal Posting FY 2006/2007
GAAP Posting FY 2006/2007
(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:

Trust Fund - 948

The earnings are for the period July 1 through September 30, 2006.

We have requested the State Controller's Office to make the transfers reported on Attachment A with Transfer Request 069117. The listed campuses should record the journal entries described on the attachment.

If you have any questions, please contact Sylvia Olivas at (562) 951-4607 or via e-mail at solivas@calstate.edu.

GVA:SOA:lm AD NOAT 06-155

Attachment