Date:

May 04, 2007

Code:AD NOAT 07-070

To:

Financial Managers
Accounting Officers
Budget Officers

From:

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

Subject:

CPDC Construction Claims Program – Memorandum of Coverage

Transfer Request: 069235
Legal Posting FY2006-07
GAAP Posting FY2006-07
(When GAAP year = Legal year, no GAAP entry is needed)

Per a request from CPDC a Plan of Financial Adjustment (PFA) was prepared to recover the Construction Claims Program Premium for the College of Education construction project. The Chancellor’s Office and campus need to record their respective journal entries as described below:

The campus journal entry to record PFA069235 for SCO Fund 6041002-6660-2004-302-06-78-093-D is as follows:

The Chancellor’s Office will be recording the following journal entry for SCO Fund 0948000-6620-1971-510-D:

Campus	SCO Fund	PGM/ELE/COMP	CH/REF/YEAR	AMOUNT
San Bernardino	6041002	06-78-093	CH. 208/2004/302	$ 407,952.00

If you have any questions, please contact William Pittman at (562) 951-4612 or via email at bpittman@calstate.edu.

GVA: WVP: td AD NOAT 07-070