Date:

August 30, 2007

Code:AD NOAT 07-177

To:

Financial Managers
Accounting Officers
Budget Officers

From:

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

Subject:

SMIF Interest Distribution Reversal (April-June 2007) for Funds 575, 580, 581 and 583

Legal Posting FY2007-08
GAAP Posting FY2006-07
(When GAAP year = Legal year, no GAAP entry is needed)

The interest earned for the period April 1 through June 30, 2007 from investments through the Surplus Money Investment Fund that was transferred to the campuses Trust Fund (0948) for the following is being reversed.

Dormitory Bldg. Maint. Equip. and Reserve Fund – Housing (575-201),
Dormitory Bldg. Maint. Equip. and Reserve Fund – Parking (575-202),
Dormitory Bldg. Maint. Equip. and Reserve Fund – Health (575-203),
Dormitory Bldg. Maint. Equip. and Reserve Fund – Decentralized Student Unions (575-204),
Dormitory Bldg. Maint. Equip. and Reserve Fund – CERF (575-206),
Dormitory Revenue Fund – Housing (580-261),
Dormitory Revenue Fund – Parking (580-262),
Dormitory Revenue Fund – Health (580-263),
Dormitory Revenue Fund – Decentralized Student Unions (580-265),
Dormitory Revenue Fund – Centralized Student Unions (580-265)
Dormitory Revenue Fund – CERF (580-267),
Dormitory Revenue Fund – Auxiliary Organizations (580-268),
Facilities Revenue Fund (581) and
Parking Revenue Fund (583).

We had requested the State Controller's Office to make the transfers reported on the Attachment with Transfer Requests 079017, 079018, 079019, 079020, 079021, 079022, 079023, and 079024. However those transfers were processed on 7/26/07 then reversed on 8/16/07. This ad noat is to inform the campuses to reverse their entries made from Ad Noat 07-166. The listed campuses should record the journal entries described on the attachment.

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 07-177

Attachment