Date:

September 17, 2007

Code:AD NOAT 07-182

To:

Financial Managers
Accounting Officers
Budget Officers

From:

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

Subject:

Centrally Paid INDIRECT COSTS FY 2007/08 (1Qtr) Fund 580 for Chico, Sonoma and Sacramento

Transfer Request: 079061
Legal Posting FY2007-08
GAAP Posting FY2007-08
(When GAAP year = Legal year, no GAAP entry is needed)

In accordance with Financing and Treasury memorandums FT 07-03, FT 07-04, FT 07-06; dated June 22, 2007 and June 29, 2007, the centrally paid indirect costs for Parking, Housing and Decentralized Student Union programs for fiscal year 2007/08 are being charged via Plan of Financial Adjustment (PFA) for the three campuses listed above.

The State Controller’s Office is processing 1st Qtr of charges on PFA 079061. The listed campuses (highlighted in blue on attachments) 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, indirect 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 07-182

Attachment A
Attachment B
Attachment C