Account Account Name Fund (Net Position) Program Class (CSU Fund) Amount 713811 Net investment in capital assets 811-Net investment in capital assets 90 501 $xxx 724004 Transfers to/from other CSU campuses, net 811-Net Investment in Capital Assets 13 501 ($xxx) Account Account Name Fund (Net Position) Program Class (CSU Fund) Amount 724004 Transfers to/from CSU campuses, net 881-Unrestricted 13 532 $xxx 722004 Supplies and other services 881-Unrestricted 07 532 ($xxx) Construction Work In Progress (CWIP) Additions CWIP is tracked outside of the Asset Management module. Entries to CWIP are initially recorded in the legal memo journal entry in CSU Fund 501 and a GAAP manual adjustment is made to reverse the credit to Net Investment in capital asset. Derived GAAP Entry –in the fund financing the purchase Account Account Name Fund (Net Position) Program Class (CSU Fund) Amount 722004 Supplies and other services 881-Unrestricted 07 221 $xxx 711102 Short-term investment 881-Unrestricted 90 221 ($xxx) Journal Description Accounting records derived from legal for recording the payment for the acquisition of capital asset. Derived GAAP – in CSU fund 501 Account Account Name Fund (Net Position) Program Class (CSU Fund) Amount 711207* Capital assets, net 811-Net investment in capital assets 90 501 $xxx 713811 Net investment in capital assets 811-Net investment in capital assets 90 501 ($xxx) Journal Description Accounting records derived from for recognizing the CWIP additions to CSU Fund 501. * Use FIRMS Object Code 110008 Construction Work in Progress. Manual GAAP Entry – in the fund financing the purchase Account Account Name Fund (Net Position) Program Class (CSU Fund) Amount 724004 Transfers to/from other CSU campuses, net 881-Unrestricted 13 221 $xxx 722004 Supplies and other services 881-Unrestricted 07 221 ($xxx)
Jrnl Desc To reverse the net investment in capital assets related to construction work in progress and recognize transfers in to offset transfers out in CSU fund 221. Year 2 Basis GAAP CSU fund 221 Year 2 Account Account Description CSU Fund Amount Account Account Description CSU Fund Prog NP Amount 607031 Capital-Construction Contract 221 $200,000 722004 Supplies and Services 221 07 881 $200,000 201001 Accounts Payable 221 ($180,000) 712101 Accounts Payable 221 90 881 ($180,000) 263090 Other Long-term Liabilities 221 ($20,000) 712208 liabilities, noncurrent 221 90 881 ($20,000) To record CWIP and CWIP Retention Accrual. Accounting records derived from for recognizing the CWIP and CWIP Retention Accruals. Manual JE Account Account Description CSU Fund Prog NP Amount 724004 Transfers to/from other CSU campuses, net 221 13 881 $200,000 722004 Supplies and other services 221 07 881 ($200,000) Jrnl Desc GAAP to reverse the supplies and other services that are related to construction work in progress. CSU fund 221 Year 2 Account Account Description CSU Fund Amount Account Account Description CSU Fund Prog NP Amount 263090 Long-term Liabilities 221 $40,000 712208 Other liabilities, noncurrent 221 90 881 $40,000 250004 Other Current Liabilities 221 ($40,000) 712109 Other liabilities, current 221 90 881 ($40,000) To reclassify the retention payable as current liabilities (to be paid in full next year). Accounting records derived from legal to reclassify retention payable as current liabilities. CSU fund 501 Year 2 Account Account Description CSU Fund Amount Account Account Description CSU Fund Prog NP Amount 110008 Construction 501 $200,000 711207 Capital assets, net 501 90 811 $200,000
302025 Investment General Fixed Assets - Trust Fund 501 ($200,000) 713811 Net Investment in capital assets 501 90 811 ($200,000) To recognize CWIP Addition to CSU Fund 501 in Year 3. Accounting records derived from for recognizing the CWIP additions to CSU Fund 501. Manual JE Account Account Description CSU Fund Prog NP Amount 713811 Net Investment in capital assets 501 90 811 $200,000 724004 Transfers to/from other CSU campuses, net 501 13 811 ($200,000) Jrnl Desc To reverse the net investment in capital assets related to construction work in progress and recognize transfers in to offset transfers out in CSU fund 221. Legal Basis GAAP Basis CSU fund 501 Year 3 Account Account Description CSU Fund Amount Account Account Description CSU Fund Prog NP Amount 110002 Building and Building Improvements 501 $600,000 711207 Capital assets, net 501 90 811 $600,000 302025 Investment General Fixed Assets - Trust Fund 501 ($600,000) 713811 Net Investment in capital assets 501 90 811 ($600,000) Automated from Asset Management to record Building and Building Improvements. Accounting records derived from legal/AM to recognize Buildings and Building Improvements. Account Account Description CSU Fund Prog NP Amount 724004 Transfers to/from other CSU campuses, net 221 13 881 $600,000 722004 Supplies and Services 221 07 881 ($600,000) Accounting records derived from legal/AM to reverse supplies and services (automated). Manual JE Account Account Description CSU Fund Prog NP Amount 722004 Supplies and Services 221 07 881 $600,000 724004 Transfers to/from CSU campuses, net 221 13 881 ($600,000) Jrnl Desc To reverse the derived entry from legal/AM to reverse supplies and services. Account Account Description CSU Fund Amount Account Account Description CSU Fund Prog NP Amount 302025 Investment General Fixed Assets - Trust Fund 501 $600,000 713811 Net Investment in capital assets 501 90 811 $600,000 110008 Construction 501 ($600,000) 711207 Capital assets, net 501 90 811 ($600,000) Progress