Date:

November 21, 2006

Code: AD NOAT 06-164

To:

Financial Managers
Accounting Officers
Budget Officers

From:

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

Subject:

FY06/07 CONTINUING EDUCATION PROGRAM
INDIRECT COST ALLOCATION

Transfer Request: 069104
Legal Posting FY2006-07
GAAP Posting FY2006-07
(When GAAP year = Legal year, no GAAP entry is needed)

The Chancellor's Office will record the one-time Indirect Cost Allocation Adjustment for the Systemwide 06/07 CERF Indirect Costs. This adjustment was made to reflect the calculation of the commission refund which should have been calculated on a three-year average of continuing education revenue that was recognized from 2002/2003 thru 2004/2005. This was agreed by the Commission in May.

If you have any questions regarding the amount charged to your campus, please contact Angelene Renaud at (562) 951-4613 or via e-mail at arenaud@calstate.edu.

GVA:AR:td AD NOAT 06-164

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