Fund Types
VCU SOM Budget Basics
VCU Finance Acronyms
SOM Roles
By the Numbers
100

This fund type is used for instruction, student services, and administrative functions of the institution.

What is E&G or Education & General Funds

100

This software is used at the School of Medicine to budget Personnel and Operating Expenses.

What is Anaplan?

100

ROI

What is Return on Investment?

100

These faculty or staff members lead research projects, manage budgets, and ensure compliance.

What is a Primary Investigator (PI)?

100

The number of Basic Health Science Departments at VCU School of Medicine.

What is 4?

200

This fund type is tied to specific project deliverables and compliance.

What is Sponsored Funding or Grants & Contracts?

200

The process of allocating and accounting for employee payroll expenses to the appropriate funding source indexes, such as grants, departments, or projects.

What is a Labor Distribution?

200

FACR

What is Facilities and Administration Cost Recovery?

200

This role provides leadership for the undergraduate medical education program and student affairs.

What is the Senior Associate Dean of Education?

200

The year that VCU School of Medicine was founded (Then the Medical Department of Hampden-Sydney College.)

What is 1838?

300

This fund type revenue is calculated based on direct expenditures of some sponsored grants and contracts.

What is FACR (Facilities and Administrative Cost Recovery) or IDC (Indirect Cost Recovery)?

300

Unrestricted funds allow for ___________, which permits unobligated funds remaining at the end of a budget period to be rolled into the next budget period 

What is carryforward?

300

CEC

What is Clinical Earnings Contribution?

300

Faculty members with this type of role help to guide and support student learning within structured sessions.

What is a Small Group Leader (SGL)?

300

The number of Clinical Departments at VCU School of Medicine

What is 19?

400

This fund type has an annual payout that is restricted to donor intent.

What is an Endowment or Endowed Fund?

400

The term for when an index or ledger has expenses in excess of available resources.

What is a deficit?

400

HEETF

What is Higher Education Equipment Trust Fund?

400

SOM faculty are part of this committee, which provides ethical oversight for research involving human subjects.


What is the IRB (Institutional Review Board)?

400

VCU School of Medicine's Blue Ridge Institute for Medical Research (BRIMR) Ranking in 2024.

What is 60th?

500

This ledger is used for funds flow related to OSA or CERSA Agreements.

What is the H ledger?

500

TEAM TO STEAL!

The mission based effort categories for faculty effort.

(First team to buzz in must have unique team members say all 5 answers...if incorrect, another team can finish and steal)

What is Teaching, Research, Administration, Service, and Clinical?

500

CERSA

What is Clinical, Educational, and Research Service Agreement?

500

A medical educator, often a physician, responsible for overseeing a medical student's clinical rotation.

What is a Clerkship Director?

500

This is current negotiated F&A rate at VCU.

What is 55.25%

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