Financial Services
401 Golden Shore, 5th Floor
Long Beach, CA 90802-4210
Accounting Managers
Financial Services, Accounting
Manager, Capital Projects & Systemwide Revenue Bonds
Financial Services Accounting
Transaction Request (TR129019) to move RBAN Expenditures to the New Bond Accounts for the University Center construction project SO-768
Transfer Request: 129019
Legal Posting: FY 2012-13
GAAP Posting: FY 2012-13
(When GAAP year = Legal year, no GAAP entry is needed)
With the sale of the 2012AB Revenue Bonds we are now ready to close the Revenue Bond Anticipation Note (RBAN) account that was used to provide interim funding for the CSU Sonoma University Center construction project. To replenish the RBAN funds all expenditures incurred will be moved to the new Bond account. Transaction Request TR129019 was prepared to move the expenditures at the State Controller’s Office (SCO). The campus needs to record the entry on their PeopleSoft system. The RBAN expenditures were reduced to zero so the entry should be straight forward. The campus needs to credit the expenditures in the RBAN account and debit the same expenditures in the new Bond account with both offset to the fund balance clearing account. The attached worksheet provides a summary of the costs and journal entry instructions.
Questions or comments regarding this report should be directed to William Pittman at (562) 951-4612 or via email at bpittman@calstate.edu.
TW:WP;td
ADNOAT 12-095
Attachment