Date:

May 15, 2008

Code:AD NOAT 08-045

To:

Financial Managers
Accounting Officers
Budget Officers

From:

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

Subject:

SMIF Interest Distribution (January 1, 2002 – June 30, 2003)

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

The interest earned from investments through the Surplus Money Investment Fund is being transferred to the campuses for the following:

Dormitory Revenue Fund – Parking (580-262)

The campus journal entries to record the transactions for SCO fund 580 is as follows:

The Chancellor’s Office will be recording the following journal entries for SCO fund 580:

The earnings are for the period January 1, 2002 through June 30, 2003.

We have requested the State Controller's Office to make the transfers reported on Transfer Request 079198.

If you have any questions, please contact Brian Lee at (562) 951-4399 or via e-mail at blee@calstate.edu.

GVA: BL:td

AD NOAT 08-045