Date: October 25, 1995 Code: AD NOAT 95-53
To: Financial Managers Accounting Officers Budget Officers
From: George A. Pardon Accounting Director Business and Finance
Subject: Annual Adjustment to Retained Earnings Fiscal Year 1994/95
Consistent with prior years and as authorized by the Bond Resolutions, Attachment A reflects the annual adjustment to Retained Earnings.
The adjustments to systemwide Dormitory Revenue Funds are being made to cover systemwide debt service, maintenance reserve and reallocation. The adjustments to campus DBMER and Lottery Funds are being made to cover campus prior year expenditures.
Attachment A reflects adjustment to the individual campus ledgers. The journal entry described on Attachment A should be recorded by the campus.
If you have any questions about the amounts reported for the Lottery Fund, please call Mr. Sedong John at (310) 985-2895. Please call Ms. Cecilia Rubalcaba with questions concerning the Dormitory Revenue and DBMER Funds at (310) 985-2897.
GAP:CR:js AD NOAT 95-53 Retained Earnings 94/95
cc: Mr. Sedong John Ms. Cecilia Rubalcaba