Date:

July 2, 2008

Code:AD NOAT 08-067

To:

Financial Managers
Accounting Officers
Budget Officers

From:

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

Subject:

Statement of Capitalization/ITRP FY 07-08

Transfer Request:N/A
Legal Posting FY2007-08
GAAP Posting FY2007-08
(When GAAP year = Legal year, no GAAP entry is needed)

Attached are capitalization statements for the infrastructure terminal resources projects completed on your campus during the last year. These projects must be reclassified from construction work in progress to the appropriate asset classification in FY 07/08 legal basis records

If you have any questions, please refer to Chapter 5 of the GAAP manual or Ben Cheng at (562) 951-4548 or via e-mail at bcheng@calstate.edu

GVA:DG:td

AD NOAT 08-067

Attachment(.doc)