The cash in these orgs belong to external organizations. The University has no claims on these funds but acts as a paymaster for these funds.
What is Agency fund?
100
Term for Budgetary unit that serves as the basis of Departmental Approval Routing.
What is Organization?
100
Accounting expense recorded in the books before it is paid.
What is Accrued Expense?
100
The acronym for the six chart of account elements by which all financial transactions are posted.
What is FOAPAL?
100
A tool to assist tracking items separately.
What is Activity Code?
200
Two-digit code that designates the financial statement level fund grouping to which the fund belongs.
What is Fund Type?
200
A Short cut for FOAPAL.
What is an Index?
200
Accounting term for goods or services paid in advance.
What is a Prepaid Expense?
200
These funds never require a Prepaid Program Code.
What are Restricted Funds? (Grants, Foundation, Miller, Gifts)
200
Students can go here on campus to pay for tuition.
What is Neuberger Hall or Cashiers?
300
This Banner form lists the assets, liabilities and fund balances of the University.
What is Trial Balance or FGITBAL/ FGITBSR?
300
Term used to explain how orgs roll up to higher levels.
What is Organization Hierarchy?
300
This is a budgetary tool that is used to set aside money in Banner for future expenditures.
What is Encumbrance?
300
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.
What is Prepaid Program Code?
300
The oldest building on campus.
What is Lincoln Hall?
400
Balance Sheet item representing Assets minus Liabilities.
What is Fund Balance?
400
Banner form that shows year to date expenses, budget, encumbrances, and available balance.
What is Organization Budget Status/ FGIBDST?
400
This account is credited when we receive money for tuition not yet earned.
What is Deferred Revenue or Unearned Revenue?
400
This component of FOAPAL represents the functions of the University.
What is Program Code?
400
An example of an expense that uses both Location and Project codes.
What is Postage expense?
500
A fund that closely resembles a business to earn revenue.
What is an auxiliary fund?
500
The largest Organization at PSU.
What is CLAS?
500
A capitalized expense.
What is Fixed Assets?
500
The Program code that includes expenditures incurred to provide support services for the institution’s primary missions: instruction, research, and public service.