Campus Fund Types

 

Fund Types Used by Departments

Current Funds: Funds available for the daily operation of the campus. Current funds may be unrestricted or restricted. Details

Plant Funds: Funds set aside for the renewal and replacement of institutional properties and funds set aside for debt service charges and retirement of indebtedness on the institutional plant. (Subledger account range 7-xxxxx)

 

Fund Types Used Centrally

Annuity and Life Income Funds: Funds acquired by the institution subject to agreements whereby assets are made available to the institution on the condition that the institution bind itself to pay stipulated amounts periodically to designated individuals.

Endowment Funds: Funds for which donors or other external agencies have stipulated that the principal of the fund is not expendable.

Quasi-Endowment Funds: Funds internally designated by the campus or the Board of Trustees as endowment.

Loan Funds: Funds to account for the resources available for loans to students, faculty and staff. Loan funds are derived from many different sources.

 

Other

Agency Funds: Funds held by the institution as custodian or fiscal agent for individual students, faculty, staff members and organizations per NACUBO fund accounting principles. (Subledger account range 9-xxxxx)