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

 

Date:

March 3, 2008

Code:AD NOAT 08-018


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: 079163
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 two construction projects at CSU Sacramento. The Chancellor’s Office and the campus need to record their respective journal entry as described below:

The Campus journal entry to record TR079163 is as follows:

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

The Chancellor’s Office journal entry to record TR079163 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
Sacramento 6028003-6780-2003-302-06-76-101 SA-716 $8,938.69 Phase 2A
Sacramento 6028003-6780-2003-302-06-76-101 SA-716 6,395.78 Phase 2B
       
  Total $15,334.47

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

GVA: WP: td
AD NOAT 08-018