1. Information from the Chancellor’s Office Chapter 5 KPMG LLP

2. May 22, 2007 GAAP Reporting Workshop 2 Highlights of Changes Effective June 30, 2007, no more A/R (from CO). Instead, campus will record investments (held by CO) for the revenue bond programs. What does this mean? No reclassification entry on stand-alone financials One-time reclassification of beginning balances (last year’s ending balances) from A/R to Investments Pass-downs from CO will be to investments LT-Investments for fund 0576 ST-Investments for fund 0578

3. May 22, 2007 GAAP Reporting Workshop 3 Highlights of Changes (cont’d) CO will provide rollforward schedules for funds 0576, 0578, and 0575 (centralized Unions)

4. May 22, 2007 GAAP Reporting Workshop 4 Questions?? Lily Wang 562-951-4628 Lwang@calstate.edu http://www.calstate.edu/fssr GAAP allocations from the CO Revenue Bonds available by August 20 Risk Pool available by September 28