2-2 Types of Accounts

Revision Date: 11/03/2004

Origination Date: 06/30/1983

  1. State accounts (14-XXXX-XX) - These accounts are funded by General Revenue Appropriations in the State Treasury. Expenditures in these accounts must comply with the Regents' Rules and Regulations and the State Purchasing Act.

  2. Local accounts (18-XXXX-XX thru 41-XXXX-XX) - Source of funds for these accounts may be from sales and service, gifts, grants, or transfers. Expenditures made from these accounts are paid from local funds in local banks. Expenditures from local accounts must comply with the Regents' Rules and Regulations. Listed below are the different types of local accounts:

    18-XXXX-XX Service Departments (Telecommunications, Mail Services, Campus Printing)
    19-XXXX-XX Designated Funds
    26-XXXX-XX Grants & Contracts - Restricted
    29-XXXX-XX Auxiliary Enterprises and Activities
    30-XXXX-XX Restricted (Gift, Scholarship, Endowment Earnings)
    32-XXXX-XX Loan Funds
    36-XXXX-XX Plant Funds
    39-XXXX-XX Investment in Plant
    41-XXXX-XX Agency Funds - Funds Held in Trust for Others (Student Organizations)