CSU | AD NOAT 08-019 | Coded Memos | Systemwide Financial Operations

Date:

March 4, 2008

Code:AD NOAT 08-019

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: 079164
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 Bakersfield, Math and Computer Science Building Project, BA-632. The Chancellor’s Office and campus need to record their respective journal entries as described below:

The campus journal entry to record PFA079164 to SCO Fund 6041002-6650-2004-302-06-50-064-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	580812	Construction Claims Program Premium

Campus	SCO Fund	PGM/ELE/COMP	CH/YEAR/REF	AMOUNT
CSU Bakersfield	6041002	06-50-064	CH. 208/2004/302	$162,990.00

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

GVA: WVP: td
AD NOAT 08-019