Fund Type Definitions

A fund is a self-balancing set of accounts with assets, liabilities, and a fund balance. Funds show ownership of cash and fund balance and are distinguished by their source of revenue. Funds may be restricted or unrestricted and may be specific to one department or shared by many departments. UO has thousands of funds which are grouped in fund types based on similar characteristics. They are hierarchical and roll up from detailed to summary level.

Budgeted Operations - Fund Type 11

Used to account for unrestricted resources that are available for current operations and are not accounted for as an auxiliary or service department. Revenue sources include:

  • State appropriations
  • Student instruction fees
  • Sales and service income of educational departments
  • Investment income that is unrestricted and available for current operations
  • Indirect cost reimbursements

Expenditure functions are:

  • Instruction
  • Research
  • Public Service
  • Academic Support
  • Student Services
  • Operational and Maintenance of Plant
  • Institutional Support
  • Budgeted Reserves

Examples of Budgeted Operations

General Fund - 001100

  • Budgeted fund shared by many departments
  • Used for general expenses of operating the university
  • Revenues come from state appropriations and student fees for tuition

ASA Fund - 001100

  • Shared budgeted fund (part of General Fund)
  • Used to provide support to eligible professors
  • Items purchased are UO property

ICC Fund - 001700

  • Shared budgeted fund
  • Used for general expenses
  • Revenues come from overhead charges to grants for use of UO facilities

Income/Expense Funds - 0012XX, 0013XX, 0014XX

  • Specific to one department
  • Used for general expenses
  • Revenues come from student fees and/or department sales/services