University Accounting System - Fund

Here are the different types of funds used in the College of Liberal Arts and Sciences. For a detailed list of all funds used in the University Accounting system, refer the Table of Current Funds on the Accounting Code manual web site.

050 GENERAL EDUCATIONAL FUNDS Used to account for transactions related to the University's State-appropriated budget for instruction and general operations as approved by the Iowa State Legislature and the Board of Regents.

240 ORGANIZED ACTIVITIES FUNDS General Organized Activities - Used to account for transactions related to instructional departments for activities such as conferences and institutes, guided independent study, continuing education, dental clinic operations, and testing and learning publications.

260 STORES, SERVICES & REVOLVING FUNDS Used to account for transactions for stores and service departments that maintain various inventories and service functions which are supported by user charges to other University departments. The revolving accounts are used as clearing accounts for such items as deferred summer session revenues and expenses & travel advances

450 AUXILIARY ENTERPRISE FUNDS Used to account for transactions of substantially self-supporting activities that primarily perform a service to students, faculty, and staff. (Other examples in funds 400-447 include such things as Iowa Hawk Shop, Finkbine, Hanger, Iowa Memorial Union, Parking, & Cambus.)

500-525 CURRENT FUNDS RESTRICTED Used to account for current funds which are restricted by donor or outside agencies as to specific purpose(s) for which they may be expended.

500 CURRENT RESTRICTED-NON-FEDERAL
510 CURRENT RESTRICTED-FEDERAL
520 CURRENT RESTRICTED-GIFTS
525 CURRENT RESTRICTED-SCHOLARSHIPS

980 AGENCY FUNDS Used to account for assets held by the University as custodian or fiscal agent for others. (Other examples are in funds 950-999 for things such as Student Organizations and Publications, Fraternity Business.)