September 23, 2010
Office of the Treasurer and Receiver General
State House, Room 227
Boston, MA 02133
RE: Stabilization Transfer and Fund Balance Analysis
Dear Treasurer Cahill:
Chapter 27 of the Acts of 2009, Section 125 authorizes the transfer of the interest earned from the Commonwealth Stabilization Fund during fiscal year 2010 to the General Fund. We will process the sixth and final round of transfer for $12,723,122 which includes cost to market value investment gain of $12,330,413 and interest income. The transfer will be processed in conjunction with the Treasury Department no later than September 27, 2010.
If you have any questions regarding this, please contact B J Trivedi, Director of Financial Reporting, at (617) 973-2668.
Martin J. Benison
cc: Stephen Panagiotakos, Chairman, Senate Ways and Means Committee
Charles A. Murphy, Chairman, House Ways and Means Committee
Jay Gonzalez, Secretary, ANF
Matthew J. Gorzkowicz, Undersecretary, ANF
James MacDonald, Cash Management, TRE
Julia Burns, Director of Accounting, CTR
B J Trivedi, Director of Financial Reporting, CTR