FDM
A dimension used to facilitate Workday transactions and create financial reports
What is a Worktag?
General revenue (taxes), lottery, tuition, differential tuition, and out of state fees
What is E&G?
Every journal requires an equal amount of these in order to balance.
What is a debit and credit?
Company, Division, Cost Center, Fund, Program, Financial Site
What are required worktags?
Self-supporting activities. Revenue generated must cover all expenses, including salaries, utilities, and payments on debt.
What is an Auxiliary?
Used to correct worktags on supplier invoices, paid expense reports and paid procurement transactions.
What is an accounting adjustment journal?
Used to classify functional purposes of transactions. Aligns with NACUBO and State Reporting Needs.
What is a Program?
Student Activities, Financial Aid, Concessions, Intercollegiate Athletics, Technology Fee, and Self-Insurance Plan
What are local funds?
Previously known as the Actuals ledger.
What is the Common Book in WD?
Represents source/pool of funds primarily used to track spending restrictions
What is a Fund?
End of year fund balance from student tuition and state appropriation.
What is E&G Carry forward?
A total accumulation of operating surpluses and deficits since the beginning of a balancing worktag's existence.
What is fund balance?
Populates various default worktags, which must be reviewed and can be changed.
What is a Driver Worktag?
The smallest source of revenue, but the most coveted funds.
What is Concessions?
The continuous review and reallocation of available funds as compared to budget.
Active Budgeting