CSU | AD NOAT 08-074 | Coded Memos | Systemwide Financial Operations

Financial Services
401 Golden Shore, 5th Floor
Long Beach, CA 90802-4210

www.calstate.edu

Date:

July 7, 2008

Code AD NOAT 08-074

To:

Financial Managers
Accounting Officers
Budget Officers

From:

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

Subject:

CSURMA – June 30, 2008 4^th Quarter Loan Interest Accrual

Legal Posting FY N/A
GAAP Posting FY N/A
(When GAAP year = Legal year, no GAAP entry is needed)

Per the amended loan agreement dated as of June 2008 between California State University Risk Management Authority (CSURMA) and California State University Channel Islands, interest shall accrue on the outstanding loan balance related to One Million Dollars ($1,000,000) loan, of which proceeds are to be used to fund the CSU Channel Islands Associated Students, Inc Student Body project. The 4^th Quarter accrued interest in the amount of $6,300 should be recorded as of June 30, 2008. CSURMA has recorded this transaction in CSU Fund 547.

The campus entry would be 231547, Due to CSU 547 – TF CSU Risk Mgmt and the CO entry would be 131496, Due from CSU 496. In order to pass the manual FIRMS edit you must book this accordingly.

Please contact Brenda Sum at (562) 951-4621 or via e-mail at bsum@calstate.edu with questions related to accounting entries.

GVA:BS:lm

ADNOAT 08-074