Financial Services
401 Golden Shore, 5th Floor
Long Beach, CA 90802-4210
Date:
January 23, 2012
Code ADNOAT 12-011
To:
Financial Managers
Accounting Managers
Financial Services, Accounting
Accounting Managers
Financial Services, Accounting
From:
Terri Williams
Manager, Capital Projects & Systemwide Revenue Bonds
Financial Services Accounting
Manager, Capital Projects & Systemwide Revenue Bonds
Financial Services Accounting
Subject:
To Close and Purge Remaining Balances in all PeopleSoft funds associated with CSU Channel Islands, Information Resource Center - Library, Project Number CI-250
Legal Posting: FY 2011-12
GAAP Posting: FY 2011-12
(When GAAP year = Legal year, no GAAP entry is needed)
To maintain our PeopleSoft system it is time to start closing and purging the remaining balances in PeopleSoft (PS) funds that are associated with completed construction projects. The PS funds at the Chancellor’s Office along with the PS funds on the campus system when combined will net to zero. The affect of these entries will cause each of the agencies SAM99 Reports to be out of balance with the SCO, but when combined they will net to zero, so we can ignore the out of balance condition on the SAM99 Reports. There are also no appropriations or cash balances remaining in any of the PS funds involved. For journal entry instructions please refer to the attachment.
Questions or comments regarding this report should be directed to William Pittman at (562) 951-4612 or via email at bpittman@calstate.edu.
TW:WVP;td
ADNOAT 12-011
Attachment