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

 

Date:

June 19, 2007

Code:AD NOAT 07-133


To:


Financial Managers
Accounting Officers
Budget Officers

 

From:

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

 

Subject:

SMIF Interest Distribution (January-March 2007) for Fund 0580

 

Transfer Request: 069294A & 069294B
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 for the period January 1 through March 31, 2007 which was transferred to fund 0948 via TR069294 is being transferred to the campuses DRF-265 for the following:

Dormitory Revenue Fund – Student Unions (580-265) Centralized Student Unions

Campus Amount Transfer Request #
San Jose 97,586.37 TR069294B
San Diego 123,11.59 TR069294B
Chico 55,746.13 TR069294B
San Luis Obispo 90,067.49 TR069294B
San Francisco 61,534.18 TR069294A
Fullerton 278,203.11 TR069294B
Northridge 113,998.04 TR069294B

The campus journal entry to record the transaction for SCO fund 580 is as follows:

Debit 305022 Fund Balance Clearing
Credit 507001 Interest from Surplus Money Investment Fund

The campus journal entry to record the transaction for SCO fund 948 is as follows:

Debit 507001 Interest from Surplus Money Investment Fund
Credit 305022 Fund Balance Clearing

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 07-133