CSU | AD NOAT 08-056 | Coded Memos | Systemwide Financial Operations

Date:

June 10, 2008

Code:AD NOAT 08-056

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:TR079218
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 the Builders Risk Insurance ($97,198.81) and Construction Seismic Self-Insurance Premium ($27,349) from project MB-647, Library construction project, at CSU Monterey Bay. The Chancellor’s Office and the campus need to record their respective journal entry as described below

The Campuses journal entry to record TR079218 is as follows:

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

The Chancellor’s Office journal entry to record TR079218 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	54201	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 08-056
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