1. CSU Operating Fund Revenue Legal Basis Reporting Workshop March 19, 2008

2. CSU Operating Revenue -- Budget Campus FIRMS final budget submissions include only the following revenue types unless the System Budget Office stipulates otherwise in the final budget submission instructions:  CSU Operating Fund (485) GF and Student Fees  Housing Revenue Fund  Parking Revenue Fund  Continuing Education Revenue Fund  Lottery  Auxiliaries

3. CSU Operating Fund (485) Revenue

4.  Interest is assessed on CSU Fund 485 revenues  If other fee revenues (not listed) are budgeted, then those revenues may also be assessed interest  CSU Fund 485 revenues are included to identify the 3% carry-forward limit: –3% of the final budget operating revenues (General Fund plus CSU Fund 485 student fees)

5. CSU Operating Fund (485) Revenue As included in Section 6610-402 of the State of California, Final Budget Summaries: “In recognition of the transition of the deposit of fee revenue from the State General Fund to the CSU local trust funds, the CSU, with DOF approval shall annually calculate a base funding adjustment that represents the amount necessary to maintain fiscal neutrality for the State General Fund.”

6. Fund 485 Transfers In / Cost Recovery DRAFT RMP Final Implementation Paper Regarding:  System Budget Office expenditure adjustments correlating with CSU Operating Fund (CSU Fund 485) Transfers In and Cost Recovery included in campus FIRMS year-end actual and final budget reports

7. Fund 485 Transfers In / Cost Recovery  Transfer In revenues to CSU Operating Fund (485) criteria: –Cannot separately identify the unique expenditure for services that have been provided –The funds supplement an existing program in CSU Fund 485 –Required for current-year CSU Fund 485 operations

8. Fund 485 Transfers In / Cost Recovery  Transfer In revenues to CSU Operating Fund (485) criteria (continued): –Transfers-in entries must be consistent with valid FIRMS transfer in object codes and reporting parameters

9. Fund 485 Transfers In / Cost Recovery Cost Recovery  Per the July 1, 2007 Executive Order 1000 on Delegation of Fiscal Authority and Responsibility: “ Allowable allocable indirect costs shall be allocated and recovered according to a cost allocation plan that utilizes a documented and consistent methodology including identification of indirect costs and a basis for allocation. The campus Chief Financial Officer, or designee, shall annually approve and implement the cost allocation plan.”

10. Fund 485 Transfers In / Cost Recovery  Valid Cost Recovery FIRMS revenue object codes: –580094, Cost Recovery from Other CSU Funds within State Fund 0948 –580095, Cost Recovery from External Sources (e.g. auxiliaries) –580096, Cost Recovery from Other State Funds

11. Fund 485 Transfers In / Cost Recovery Treatment of Year-End Transfers In and Cost Recovery in CSU Operating Fund 485:  The System Budget Office may reduce campus expenditures by pro-rating Transfer In and Cost Recovery revenues in CSU fund 485  The pro-rated revenues/expenditures will represent the base utilized by the System Budget Office for equitable distribution of CSU budget allocations, development of the CSU state support budget, and prepared state reports

12. Fund 485 Transfers In / Cost Recovery Treatment of Year-End Transfers In and Cost Recovery in CSU Operating Fund 485 (cont.):  Exception (2007/08 Year-End): –Student fee revenues from CSU Funds 467 (TF- Student Fee) and 496 (Miscellaneous Trust Fund) reclassified to the CSU Fund 485-CSU Operating Fund in 2007/08 (RMP Action Item No. 3) will not be subject to expenditure pro-ration in FIRMS 2007/08 year-end actual reports

13. Fund 485 Transfers In / Cost Recovery Treatment of Final Budget Transfers In and Cost Recovery in CSU Operating Fund 485:  There should be NO Transfer In or Cost Recovery revenues included in campus FIRMS final budget submissions unless specifically identified in the annual System Budget Office FIRMS final budget instructions (none are scheduled at this time)  When allowed, treatment will be similar to Year- End Actual Transfers-In and Cost Recovery

14. Questions

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