The University budget policy provides for the budgeting and accounting expenditures, receipts and fund balances for State Funds, restricted Contract and Grant Funds, restricted and non-restricted Endowment, Trust and Special Funds by use of a Uniform Chart of Accounts.
The budgetary administration of Contracts and Grants, under the University budget policy, is covered, along with other special policy considerations, under the Business Manual section on Contracts and Grants.
The budgetary administration of restricted and non-restricted funds within Endowment, Trust and Special Funds are handled under the University budget policy. The nature of each fund will determine whether formal budgetary controls are required. It is the responsibility of the University Endowment, Trust and Special Funds Accountant, along with the person authorized to disburse the funds, to determine when a budget is or is not necessary. This will require the establishing of a "Fund Authority" to outline the budget and expenditure requirements and restrictions. Please contact the Special Funds section in the Comptroller's Office at 328-6757.