Net Asset Categories

Unrestricted Net Assets

Education and General 10 Undesignated Operating
12 Undesignated T&E
14 Faculty Incentive Funds
16 Return on Recovery
17 Patent
Physicians Practice Plan 18 Clinical Faculty Practice Plans
Externally Sponsored Activities 51 Deans and other department funds where original source was from contributions
53

Dean and other department funds where the source is income from board designated long-term investments or endowments where broad restrictions on use allow the funds to be expended within the current year

Exchange Transactions - Cost reimbursement grants and contracts - no net asset effect: any excess balance is reflected as a liability

3X

Federal

Note: Federal Pell Grants will be reclassified off the books to agency transactions.

40 - Federal Sub-contracts

42 - State

43 - Local

44 - 49 Private

55 - other sponsored program (no financial reporting)

Unexpended Plant 80 Designated funds plant acquisitions and capital budgeting
83 Designated for renewal and replacement
Debt Service 85 Designated for retirement of indebtedness
Other Long-Term 65 Designated for student loans (including institutional share of federal programs)
87 Net fixed assets (University)
88 Net fixed assets (Commonwealth)
Quasi-Endowments 74 Board designated net assets from operating funds for long-term investments. Yield will post to 53 Center.
76 Quasi-endowments from operating budget

Temporarily Restricted Net Assets

Externally Sponsored Activities 21 Contributions other than capital where use is narrowly restricted or use spans longer than one year
23 Department funds where use is narrowly restricted or spans longer than one year and the source is from income generated from endowments
Contributory Sponsored Agreements 24 Voluntary Health Organization - contributions other than capital where use is narrowly restricted or spans longer than one year and requires financial reporting
26 Industry - contributions other than capital where use is narrowly restricted or spans longer than one year and requires financial reporting
27 Foundations - contributions other than capital where use is narrowly restricted or spans longer than one year and requires financial reporting
29 Other - contributions other than capital where us is narrowly restricted or spans longer than one year and requires financial reporting
63 Student loans where use is narrowly restricted. (those not unrestricted or permanently restricted, i.e.: law foundation)
Unexpended Plant 81 contributions and endowment income where use is narrowly restricted or use spans longer than one year for capital purposes
Long Term Investment 71 Donor restricted endowments with time restriction based on donor's lifetime
77 Donor restricted endowments with time and narrowly restricted purpose

Permanently Restricted Net Assets

Externally Sponsored Activities 66 Student loans where use is narrowly restricted and or terms of contribution stipulate that the corpus cannot be invaded for any purpose such as bad debts
Endowment 72 True endowment where donor has stipulated that corpus be held in perpetuity (also included are trust funds held by others).
73 Donor-restricted endowments with time restrictions based on a donor's lifetime and the intention of eventually becoming a true endowment.

Agency Activity

90 Agency
61 Federal Perkins loans
62 Federal Health Profession loans
NOTE: Although set up as centers to facilitate accounting, any net balance will be reflected as liability.