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

 

Date:

August 21, 2007

Code:AD NOAT 07-173


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: 079036
Legal Posting FY2007-08
GAAP Posting FY2007-08
(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 Library Addition and Renovation construction project. The Chancellor’s Office and campus need to record their respective journal entries as described below:

The campus journal entry to record PFA079036 for SCO Fund 6041002-6700-2005-302-06-56-093-D is as follows:

Debit xxxxxx Capital – Construction Other (Object Code 607033)
Credit 305022 Fund Balance – Clearing Account

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

Debit 101004 Cash in State Treasury
Credit 580812 Construction Claims Program Premium


Campus SCO Fund PGM/ELE/COMP CH/REF/YEAR AMOUNT
CSU Fresno 6041002 06-56-093 CH. 38-39/2005/302 $ 741,237.00

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

GVA: WVP: lm AD NOAT 07-173