M E M O R A N D U M NO. SAD 02-91
 

TO:	Chief Fiscal Officers Vice Chancellors
FROM:	Robert Powell State Controller
SUBJECT:	General Fund Reporting Requirements Weekly General Fund Projections

OSC requires agencies and universities to submit weekly General Fund projections of receipts and expenditures. The projections must be prepared accurately.  The OSC will evaluate General Fund expenditure requests on the Cash Management Control System (CMCS) daily and compare to the General Fund projection worksheet. An agency or university will not be able to expend more than the daily projected expenditure reported on the General Fund projection worksheet.  All projections for the week ending June 28, 2002 are due by 10:00 am, Thursday June 13, 2002.  Please note that transfers in and transfers out are recorded on the projection worksheet.  Transfers in are recorded as revenues and transfers out of the general fund are recorded as expenditures.  Student refunds are recorded as state aid expenditures on the projection worksheet.  The distribution of student fees at the universities are recorded as general expenditures.  The projection worksheets reflect increases and decreases in General Fund cash. The General Fund projections are compiled by OSC and sent to the Office of the Governor and other central managers for use in evaluating the General Fund cash position.  An accurate assessment of your General Fund position is crucial.

Questions on the projection worksheet should be directed to Shirley Trollinger (919) 981-5426. Questions on the General Fund policy requirements should be directed to Amber Young (919) 981-5481.