Transfer Request: 099024
Legal Posting: FY 2009-10
GAAP Posting FY2009-10
(When GAAP year = Legal year, no GAAP entry is needed)

American Recovery & Reinvestment Act (ARRA) Education Stimulus Funding has been received and will be used to fund the October 2009 payroll. To comply with various reporting requirements, campuses should use the unique object code, 690006, and the restricted fund withinCSU 485, FNAT Key #128955.

Each campus will need to transfer salary and benefit expenditures into the restricted PeopleSoft fund within CSU fund 485. The transfer should be done through a regular journal entry with a Payroll Details Report for the CSU Operating fund attached as back up to meet the ARRA reporting requirements. Each campus should use October LCD amounts for the 6 major object codes listed below in CSU 485 to determine the allocation percentage for the transfer to the ARRA fund:

• 601100 – Academic salaries
• 601201 – Management & supervisory
• 601300 – Support staff salaries
• 603001 – OASDI
• 603004 – Health & welfare
• 603005 – Retirement
  

ADDITIONAL INFO
*If the ARRA funding exceeds the October salary and benefit expenditures, the previous month’s salary and benefit expenditures should be applied to the remainder of the ARRA funding.*

After the allocation, the debits to the salary and benefit accounts will equal the credit to ARRA grants expenditure offset (690006) so the fund will net zero. Be sure to include FTE amounts within the journal entry to avoid a FIRMS error.

The State Controller’s Office has been notified to record the various systemwide charges or credits indicated for your respective campus on Plan of Financial Adjustment/Transfer Request listed above.  The attachment will give you the details of the charges or credits. 

Questions or comments regarding this ADNOAT should be directed to Kelly Cox at (562) 951-4611 or via email at kcox@calstate.edu.

GVA:KC:td
ADNOAT 09-052

Attachment