Financial Services
401 Golden Shore, 5th Floor
Long Beach, CA 90802-4210
To:
Assistant Vice Presidents, Business and Finance
Accounting Officers
Budget Officers
Assistant Vice Chancellor, Controller
Financial Services
Revised Plan of Financial Adjustment
The State Controller's Office has approved the attached revised Plan of Financial Adjustment (PFA). The plan was changed to incorporate fund 0668. Effective immediately, PFAs must refer to "a continuing plan of financial adjustment approved by the State Controller on March 20, 2012."
Please note that PFAs are not intended to be a means of providing working capital advances, nor overcoming cash flow problems. They are also not to be used to distort interest earnings or potential interest earnings between funds.
If you have questions, please refer to SAM Section 8452, or contact
George V. Ashkar at
(562) 951-4610.
GVA:RM;td