Sandra Perez Alan Williams THE COLOR OF MONEY FUND
Author : myesha-ticknor | Published Date : 2025-06-27
Description: Sandra Perez Alan Williams THE COLOR OF MONEY FUND UE 6122017 Questions Parking Lot Review Important Concepts and Definitions Fund Groups Fund Uses Restrictions Designations Agenda QUESTIONS Parking Lot FUND An income source
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Transcript:Sandra Perez Alan Williams THE COLOR OF MONEY FUND:
Sandra Perez Alan Williams THE COLOR OF MONEY FUND U$E 6/12/2017 Questions [Parking Lot] Review [Important Concepts and Definitions] Fund Groups Fund Uses Restrictions & Designations Agenda ??? QUESTIONS [Parking Lot] FUND: An income source established for the purpose of carrying out specific activities in accordance with special regulations, restrictions or limitations. 5 digit number assigned - identifies the source of the funds. The sponsoring agency specifies the terms and conditions of the Funding. REVIEW FUND GROUPS CURRENT FUNDS (1) Group of funds expendable for operating purposes in support of the institution’s mission; expected to be spent in the near term Unrestricted [e.g. *General Funds*, Tuition, Unrestricted Gifts] Restricted [e.g. Lottery Funds, State Special Funds for Research, Restricted Gifts] Designated [e.g. SSF, SMH, *SGFs*: 19903, 19906, 19912, 19924, 19948, 19969, 19955, 19956] CURRENT FUNDS (2) State General Funds: 19900 – General Fund 19903, 19906,19912,19924,19948,19969,19973, 19955, 19956 UC General Funds: 19933 – UCGF – FICR 19942 – Nonresident Supplemental Tuition 19931,19932, 19934, 19941 Tuition & Fees: 20095* - Tuition 20000/20005 – Student Services Fee/Student Mental Health 20045 – Professional Degree Supplemental Tuition [Technology Management] 20293 – Summer Session – UC Matriculated Students CORE FUNDS Federal Indirect Cost Recovery: 19933 – UC General Fund [FICR] 07427 – Opportunity Fund 69750 – Off the Top 69763 – Garamendi State Indirect Cost Recovery: 19933 – UC General Fund [SICR] Private Contracts & Grants Indirect Cost Recovery: 05397 – Educational Fund [PICR] EXTENDED - CORE FUNDS [ICR] Provide permanent funding for UC’s core mission and support activities. These include: Faculty Salaries and Benefits Academic and Administrative Support Student Services Operation & Maintenance of Plant Financial Aid Core Funds ≠ Free Benefits CORE FUNDS USES No Auxiliaries and Intercollegiate Activities Expenditures [State Budget Act] No Alcoholic Beverages & Tobacco Expenditures [BFB BUS-79] Restrictions for Capital and Deferred Major Maintenance Only Projects Per Capital Plan & DM Plan - Approved by State Department of Finance Entertainment & Travel [except per policy approval, BFB BUS-79] Gifts to non-university individuals & organizations [except to a student for academic achievement, BFB-G-42] No Student Services Support Activities (Function 68) [OP Funding Streams Technical Instructions]; Exception - Fund 19912 & 2016-17 LCFF Funding SGFs RESTRICTIONS Regental Policy: “To fund student financial aid and related programs: admissions, registration, administration, libraries, and operation and maintenance of plant. Tuition may be used for general support of the University's operating budget. Revenue from Tuition may be
