Non-General Fund Accounts (Budget Requirements) - BC*
|Activity:||Non-General Fund Accounts (Budget Requirements) - BC|
|Financial Policy:||FIN-BUD-II-10, Budget Requirements - Non-General Fund Accounts|
Things to Know:
Non-general fund accounts must be budgeted if they have (a) annual revenue source greater than $30,000 (recurring) and (b) employees with a CSF record. Please budget anticipated transfers-in as a negative expense using the appropriate transfer object code.
If carry forward funds are the source of income, object code 0110, can be used to budget compensation for an employee with a CSF salary and fringe benefits. However, this transaction needs prior approval by Rozzie Gerstman email@example.com. Accounts with more than $30,000 in non-compensation activity should be funded through post-July 1 budget adjustments.
The expenditure budget must balance with the revenue.
University Financial policy regarding Budget requirements for non-general funds can be found here.