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

 

Date:

February 27, 2007

Code:AD NOAT 07-031


To:


Financial Managers
Accounting Officers
Budget Officers

From:

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

 

Subject:

Centrally Paid Indirect Health Costs Adjustment FY 2006/07

 

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 06-01 dated August 10, 2006, the centrally paid indirect costs for fiscal year 2006/07 will be charged quarterly via Plan of Financial Adjustment (PFA).

The State Controller’s Office is processing PFA 069211 in order to adjust 1st & 2nd Quarter Centrally Paid Indirect Health Costs to their correct campus.

Please Note: PFAs 069050 & 069129 did not agree with their subsequent AD NOATs regarding the Fullerton and Fresno campuses. AN 06-132 & AN 06-188 did provide the correct journal entry requirement to the correct campuses. It was the PFAs that were incorrect. Below – is what should be on record for the 1st & 2nd Quarter.

Campus Chancellor’s Office Services State Prorata Costs (Health Benefit) State Prorata Costs (Admin. Portion) Annual PFA Amount Quarterly PFA Amount
Fresno 20,950 182,199 7,639 210,788 52,697.00
Fullerton 20,950 - 7,639 28,589 7,147.25
Campus Journal Entry Required (FIRMS):
Debit 660025
Credit 305022

Please make the necessary changes in to ensure both campuses are in agreement and have booked the correct amount.

If you have any questions, please contact Brian Lee at (562) 951-4399 or via e-mail at blee@calstate.edu.

GVA:BL:lm AD NOAT 07-031