The cash in these orgs belong to students or faculty or other organizations. The University has no claims on these funds but acts as a paymaster for these funds.
What is Agency fund?
100
A numeric code describing the department or office of the University.
What is Organization Code?
100
The primary structure of FOAPAL elements used to keep track of the flow of resources in and out of the University.
What is Chart of Accounts?
100
Shortcut used in FOAPAL.
What is an Index?
100
This part of FOAPAL is used primarily in the Fixed Asset Module.
What is Location?
200
Two-digit code that designates the financial statement level fund grouping to which the fund belongs.
What is Fund Type?
200
University term for commitments, dollar amount reserved for a future expense.
What is Encumbrance?
200
Accounting term used for revenues that have not yet been earned.
What is a Deferred Revenue?
200
This component of FOAPAL represents the functions of the University.
What is Program Code?
200
Example of an expense that uses the Location component of FOAPAL.
What is Utility Expense?
300
The self-balancing set of accounts reflecting differences in assets and liabilities.
What is Fund Balance?
300
The acronym for the six chart of account elements by which all financial transactions are posted.
What is FOAPAL?
300
Accounting term for goods or services paid in advance.
What is a Prepaid Expense?
300
Codes established by departments for cost-centering purposes.
What is Activity Code?
300
The Accounting term used (also in Fixed Asset Module) for allocating the cost of an asset over the useful life of the asset.
What is Depreciation Expense?
400
This Banner form lists the assets, liabilities and fund balances of the University.
What is FGITBAL?
400
Term used to explain how funds roll up to higher levels.
What is Organization Hierarchy?
400
Accounting expense recorded in the books before it is paid.
What is Accrued Expense?
400
These funds never require a Prepaid Program Code.
What is Foundation, Restricted Gifts, and Grants?
400
The Banner form that shows an Organizations Budget, revenues, expenses, encumbrances, and Available Balance.
What is FGIBDST?
500
Term used to explain how funds roll up to higher levels.
What is Fund Hierarchy?
500
Scholarships and Research Fellowships fall under these funds.
What is Restricted Fund?
500
Operating accounts used to designate financial additions to, deductions from or transfers between fund balances.
What are transfer codes?
500
The code used when payment is entered in Banner that will record asset in current Fiscal Year but move to expense in the next Fiscal Year.