Date:

November 21, 2007

Code:AD NOAT 07-203

To:

Financial Managers
Accounting Officers
Budget Officers

From:

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

Subject:

SMIF Interest Distribution (July-September 2007) for Funds 575, 580, 581 and 583

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

The interest earned from investments through the Surplus Money Investment Fund is being transferred to the campuses for the following:

Dormitory Revenue Fund –Centralized Student Unions (580-265),

The earnings are for the period July 1 through September 30, 2007.

We have requested the State Controller's Office to make the transfers reported on the Attachment with Transfer Request 079098. 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:td AD NOAT 07-203

Attachment