Date:

November 21, 2006

Code: AD NOAT 06-196

To:

Financial Managers
Accounting Officers
Budget Officers

From:

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

Subject:

Centrally Paid Indirect Costs FY 2006/07

Transfer Request: 069132
Legal Posting FY2006-07
GAAP Posting FY2006-07
(When GAAP year = Legal year, no GAAP entry is needed)

In accordance with Financing and Treasury memorandum FT 06-10 dated August 10, 2006, the centrally paid indirect costs for fiscal year 2006/07 will be charged quarterly via Plan of Financial Adjustment (PFA).

TR069132 is to reverse the first quarter charge to the Channel Islands Site Authority for Centrally Paid Indirect Costs.

The campus journal entries to record the transactions for SCO fund 948 is as follows:

The Chancellor's Office will be recording the following journal entries for SCO fund 948:

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 06-196