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

 

Date:

September 21, 2007

Code:AD NOAT 07-186


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: 079066
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 of $210,872.00 for the Science Building Renovation Phase I & II construction project. The Chancellor’s Office and campus need to record their respective journal entries as described below:

The campus journal entry to record TR079066 for SCO Fund 6028003-6660-2003-302-06-78-092-D is as follows:

Debit XXXXXX Capital - Construction Other (Object Code 607033)
Credit XXXXXX Fund Balance - Clearing Account (Object Code 305022)

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 San Bernardino 6028003 06-78-092 CH. 157/2003/302 $ 210,872.00

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

GVA: WVP: td AD NOAT 07-186