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

 

Date:

January 29, 2008

Code:AD NOAT 08-017


To:


Financial Managers
Accounting Officers
Budget Officers

  

From:

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

 

Subject:

CPDC Builders Risk & Construction Seismic Self Insurance Premiums

 

Transfer Request: 079155
Legal Posting FY2007-08
GAAP Posting FY2007-08
(When GAAP year = Legal year, no GAAP entry is needed)

 

Per a request from Nancy Freelander, Fiscal Manager CPDC, a Plan of Financial Adjustment (PFA) was prepared to recover Builders Risk Insurance and Construction Seismic Self-Insurance Premiums from four construction projects at CSU Pomona, CSU San Marcos, CSU Bakersfield, and CSU Long Beach. The Chancellor’s Office and the campuses need to record their respective journal entry as described below:

The Campuses journal entry to record TR079155 is as follows:

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

The Chancellor’s Office journal entry to record TR079155 in SCO Fund 0948000-6620-1971-510-D is as follows:

Debit 101004 Cash in State Treasury
Credit 580005 Project Revenue

The project breakdown:
Campus SCO Fund Proj. # Amount
Pomona 6041002-6770-2005-301-06-98-107 PO-626 $76,115.85
San Marcos 6041002-6840-2004-302-06-68-120 SM-629 7,970.13
Bakersfield 6041002-6650-2004-302-06-50-064 BA-632 25,230.41
Long Beach 6041002-6740-2005-302-06-71-111 LB-637 57,086.62
       
  Total $166,403.01

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

GVA: WP: lm AD NOAT 08-017