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

CSU Operating Fund Revenue

Legal Basis Reporting Workshop

March 19, 2008

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 FeesHousing Revenue FundParking Revenue FundContinuing Education Revenue FundLotteryAuxiliaries

CSU Operating Fund (485) Revenue

501001 State University Fee I501002 Non-Resident Fee I501004 Application Fee I501005 Student Health Services Fee II501104-9 (Roll into 501112) IV501110 Category 3 Course Fees III501111 Other Fund 485 Cat. 2 Fees II501112 Other Category 4 Fees IV

Fee Category FIRMS Object


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)


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.”

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


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


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


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.”


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


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


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

Fund 485 Transfers In / Cost RecoveryTreatment 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

Questions

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Documents

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