CSU | AD NOAT 08-055 | Coded Memos | Systemwide Financial Operations

Date:

June 9, 2008

Code:AD NOAT 08-055

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:TR079216
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 five construction projects at CSU Monterey Bay, CSU Pomona, CSU Long Beach, and CSU San Bernardino. The Chancellor’s Office and the campuses need to record their respective journal entry as described below:

The Campuses journal entry to record TR079215 in SCO Fund 6048002-2007-002-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 TR079216 in SCO Fund 0948000-6620-1971-510-D is as follows:

	Account	Fund	Dept	Description
Debit	101004			Cash in State treasury
Credit	580093	54209	1089	Misc. Non-Operating Revenue Risk Insurance
Credit	580093	54210	1098	Misc. Non-Operating Revenue Seismic Insurance

WORKSHEET ATTACHED

If 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 08-055
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