Division of Administration and Finance

Detailed Descripton of Fund Types in the Accounting System

"A" Funds - Current Unrestricted Funds (Appropriated)

  • Primary Programs Supported:

    Instruction, Research, Public Service, Academic Support (Library and Other), Student Services, Institutional Support, Operation and Maintenance of Physical Plant

  • Primary Revenue Sources:

    student tuition and fees, state appropriations, and sales and services activities

  • Budget Concept:

    General Fund allocation



"B" Funds - Current Unrestricted Funds (Auxiliary)

  • Primary Programs Supported:

    housing, infirmary, and food service activities

  • Primary Revenue Source:

    student fees and auxiliary sales and services (user fees)

  • Budget Concept:

    by Responsibility Center



"C" Funds - Current Unrestricted Funds (Auxiliary)

  • Primary Programs Supported:

    bookstore activities, athletics, and concessions

  • Primary Revenue Source:

    student fees, auxiliary sales and service (user fees), and private giving

  • Budget Concept:

    by Responsibility Center



"D" Funds - Current Unrestricted Funds (Designated)

  • Primary Programs Supported:

    student activities

  • Primary Revenue Sources:

    student fees

  • Budget Concept:

    Student Government determines allocations



"E" Funds - Current Unrestricted Funds

  • Primary Programs Supported:

    Research and Public Service, and other services, such as Continuing Education and computer support

  • Primary Revenue Source:

    indirect costs, and sales and services

  • Budget Concept:

    by Responsibility Center



"F" Funds - Current Restricted Funds (Federal Sources)

  • Primary Programs Supported:

    sponsored programs and research

  • Primary Revenue Source:

    direct and indirect federal support

  • Budget Concept:

    according to conditions of gift, grant, or contract



"G" Funds - Current Restricted Funds (State Sources)

  • Primary Programs Supported:

    sponsored programs and research, and other support

  • Primary Revenue Source:

    direct and indirect state support

  • Budget Concept:

    according to conditions of gift, grant, or contract



"H" Funds - Current Restricted Funds (Local Sources)

  • Primary Programs Supported:

    sponsored programs and research, and other support

  • Primary Revenue Source:

    direct and indirect county and other local support

  • Budget Concept:

    according to conditions of gift, grant, or contract



"J" Funds - Current Restricted Funds (Commercial Sources)

  • Primary Programs Supported:

    sponsored programs and research, and other support

  • Primary Revenue Source:

    direct and indirect commercial support

  • Budget Concept:

    according to conditions of gift, grant, or contract



"K" Funds - Current Restricted Funds (Philanthropic Sources)

  • Primary Programs Supported:

    sponsored programs and research, and other support

  • Primary Revenue Source:

    direct and indirect philanthropic support

  • Budget Concept:

    according to conditions of gift, grant, or contract



"L" Funds - Current Restricted Funds (Other Sources)

  • Primary Programs Supported:

    sponsored programs and research, and other support

  • Primary Revenue Source:

    direct and indirect other support

  • Budget Concept:

    according to conditions of gift, grant, or contract



"R" Funds - Current Unrestricted Funds

  • Primary Programs Supported:

    designated activities

  • Primary Revenue Source:

    unrestricted concession activities

  • Budget Concept:

    administrative designation with Board approval



"S" Funds - Current Restricted or Unrestricted Funds (Scholarships)

  • Primary Programs Supported:

    scholarship

  • Primary Revenue Source:

    private

  • Budget Concept:

    according to award criteria, and conditions of source



"T" Funds - Loan Funds

  • Primary Programs Supported:

    student loans

  • Primary Revenue Source:

    government agencies, donors, and institutional matching requirements

  • Budget Concept:

    according to award criteria, and conditions of source



"V" Funds - Endowment Funds

  • Primary Programs Supported:

    investments, and some operational support

  • Primary Revenue Source:

    private giving

  • Budget Concept:

    according to requirements established by donor



"W" Funds - Unexpended Plant Funds

  • Primary Programs Supported:

    varies substantially from year to year

  • Primary Revenue Source:

    student fees, state capital improvement bonds, private, federal

  • Budget Concept:

    designated according to established and approved need



"X" Funds - Retirement of Indebtedness Funds

  • Primary Programs Supported:

    principal and interest payments on outstanding debt service

  • Primary Revenue Source:

    student fees and seat assessment fees

  • Budget Concept:

    designated according to established and approved need



"Y" Funds - Investment in Plant

  • Primary Programs Supported:

    all institutional facilities

  • Primary Revenue Source:

    asset gifts, increases in plant assets acquired from other funds

  • Budget Concept:

    fund to record plant assets and liabilities of institution



"Z" Funds - Agency Funds

  • Primary Programs Supported:

    non-University activities, such as the SCUREF (South Carolina Universities Research and Educational Foundation)

  • Primary Revenue Source:

    activity-generated revenue

  • Budget Concept:

    University acts only as fiduciary, having no fiscal responsibility

Columbia, SC 29208 803-777-7427 kenc@mailbox.sc.edu
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