CSU | AD NOAT 08-005 | Coded Memos | Systemwide Financial Operations

Date:

January 16, 2008

Code:AD NOAT 08-005

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: 079133
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 for the CSU Fullerton, College of Business and Economics Building Project, FU-003. The Chancellor’s Office and campus need to record their respective journal entries as described below:

The campus journal entry to record PFA079133 to SCO Fund 6041002-6710-2004-302-06-62-095-D is as follows:

	Object Code
Debit	607033	Capital – Construction Other
Credit	305022	Fund Balance – Clearing Account

The Chancellor’s Office will record the following journal entry to SCO Fund 0948000-6620-1971-510-D:

Debit	101004	Cash in State Treasury
Credit	80812	Construction Claims Program Premium

Campus	SCO Fund	PGM/ELE/COMP	CH /YEAR/REF	AMOUNT
CSU Fullerton	6041002	06-62-095	CH. 208/2004/302	$ 397,390.00

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 08-005