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

 

Date:

March 19, 2008

Code:AD NOAT 08-027


To:


Financial Managers
Accounting Officers
Budget Officers

  

From:

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

 

Subject:

CPDC Construction Management Fees, Builders Risk Insurance, & Seismic Insurance for CSU Northridge Science I Replacement Project NO-718

 

Transfer Request: 079175
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 Construction Management Fees, Builders Risk Insurance and Construction Seismic Insurance from CSU Northridge, Science I Replacement project 6041002-6760-2004-302-06-82-085-D. The Chancellor’s Office and the campus need to record their respective journal entry as described below:

The Campus journal entry to record TR079175 in SCO Fund 6041002-6760-2004-302-06-82-085-D is as follows:

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

The Chancellor’s Office journal entry to record TR079175 in SCO Fund 0948000-6620-1971-510-D is as follows:

Debit 101004 Cash in State treasury
Credit 580005 Project Revenue

The breakdown:

Department Purpose Fund Amount
CPDC Management fees TF009 $691,352.72
CO Acctg. Accounting fees TF010 42,237.28
CPDC Risk Ins. TF010 58,148.72
CPDC Seismic Ins. 54201 20,037.00
       
    Total $811,775.72

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

GVA: WP: td
AD NOAT 08-027