Date:

January 30, 2007

Code:AD NOAT 07-011

To:

Financial Managers
Accounting Officers
Budget Officers

From:

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

Subject:

SMIF Interest Distribution (October-December 2006) for Fund 948

Legal Posting FY2006-07
GAAP Posting FY2006-07
(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 October 1 through December 31, 2006.

We have requested the State Controller's Office to make the transfers reported on Attachment A with Transfer Request 069186. 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:td AD NOAT 07-011

Attachment