Date:

September 10, 2007

Code:AD NOAT 07-178

To:

Financial Managers
Accounting Officers
Budget Officers

From:

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

Subject:

Centrally Paid Direct Costs FY 2007/08 (1ST half) from Fund 580 for Chico, Sonoma and Sacramento

Transfer Request: 079050
Legal Posting FY2007-08
GAAP Posting FY2006-07
(When GAAP year = Legal year, no GAAP entry is needed)

In accordance with Financing and Treasury memorandums FT 07-09, FT 07-11, FT 07-14; dated June 27, June 29 and July 12, 2007, respectively, the centrally paid direct costs for Parking, Decentralized Student Union and Housing programs for fiscal year 2007/08 are being charged via Plan of Financial Adjustment (PFA).

The State Controller’s Office is processing the first half of charges on PFA 079050. The listed campuses (with **) should record the journal entry provided on the Attachments. Only those campuses that requested the source of payment be Fund 580 are included in this PFA (Chico, Sonoma and Sacramento); whereas, the Attachments list all campus costs. As stated in the Finance and Treasury memorandums, direct costs will be passed down via the SWIFT/CPO process for the remaining campuses.

If you have any questions, please contact Kathy Skara at (562) 951-4624 or via e-mail at kskara@calstate.edu.

GVA:KS:td AD NOAT 07-178

Attachment A
Attachment B
Attachment C