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. | |