Procedure 2-2

Type of Accounts

Responsible Officer: Vice President for Business Affairs and Controller

Sponsoring Department: Accounting Services

Revision Date: 03 November 2004

Errors or changes to:

  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-XXService Departments (Telecommunications, Mail Services, Campus Printing)
    19-XXXX-XXDesignated Funds
    26-XXXX-XXGrants & Contracts - Restricted
    29-XXXX-XXAuxiliary Enterprises and Activities
    30-XXXX-XXRestricted (Gift, Scholarship, Endowment Earnings)
    32-XXXX-XXLoan Funds
    36-XXXX-XXPlant Funds
    39-XXXX-XXInvestment in Plant
    41-XXXX-XXAgency Funds - Funds Held in Trust for Others (Student Organizations)