Budget and Finance

SELECTED DEFINITIONS

♦ Current Funds are those funds that are earned and expended in the current fiscal

year. They include the General Funds and Restricted Funds. Excluded entirely from

this report are Non-Current Funds such as Plant Funds, Loan Funds and Endowment

Principal.

♦ Undesignated General Funds are unrestricted resources available for allocation in

support of core instruction, instructional support and related general administrative

and physical plant expenditures. The university maintains a separate undesignated

general fund for the Uptown campus and one for each of the branches.

♦ Designated General Funds are those funds which are internally restricted by Board

of Trustee approval for specific activities.

♦ Restricted Funds are funds for which the use has been designated by an external

agency or individual and limited to support a specific purpose and/or unit.

♦ Instructional and Departmental Research includes all direct and applicable

allocated expenditures for all activities that are part of the University's instructional

program. It includes expenditures for departmental research and public service that

are not separately budgeted.

♦ Academic Support includes all funds expended for activities carried out primarily to

provide support services that are an integral part of the operations of one of the three

primary missions -- instruction, research and public service. Included in this category

are Academic Affairs Administration, Libraries, Museums & Galleries and the

Deans’ offices.

♦ Student Services includes funds expended for those activities for which the primary

purpose is to contribute to the student's emotional and physical well being, as well as

his/her cultural and social development outside the context of the formal instructional

program. Included in this category are Admissions and Registration, Counseling, and

Student Financial Aid.

♦ Institutional Support contains expenditures for operations that provide support

services to the total University. Included in this category are Executive Management,

Finance, Human Resources, Administrative Services, Public Affairs and

Development.

♦ Plant Operations and Maintenance includes all expenditures of current funds for the

operation and maintenance of the physical plant, net of amounts charged to auxiliary

operations and the hospital. Included in this category are utilities, repair and

renovations, custodial services, grounds maintenance, space rental and property

insurance.