Fund

The Fund chartfield is a reporting attribute assigned to Operating Units identifying its net asset category or restriction code.

Major Fund classifications correspond to the University's annual financial report presentation as required by the Financial Accounting Standards Board, namely: Unrestricted, Temporarily Restricted, and Permanently Restricted. These categories are determined based on restrictions placed upon resources provided to the University by donors.

• Unrestricted net assets are available for any purpose as determined by management under the direction of the Board of Directors. Unrestricted net assets have no donor-imposed restrictions, or all restrictions have been satisfied through the expenditure of other University resources. Donor-imposed restricted funds however are generally specifically expended at such time as management determines appropriate.

• Temporarily restricted net assets include funds with stipulated time or purpose restrictions. When those restrictions are satisfied, temporarily restricted net assets are reclassified to unrestricted net assets and are reported in the Statement of Activities as net assets released from restrictions.

• Permanently restricted net assets have restrictions that require them to be maintained in perpetuity (endowments provided by donors).

Each of these major fund groups are further defined by sub-funds which are listed below.

Restriction Category	Fund	Responsible Accountant	Phone
Unrestricted	11 Budgeted and General Fund	Guy Curtis	422-6104
Unrestricted	12 General Fund Auxiliary	Marion Golding	422-4436
Unrestricted	13 Education Related	Guy Curtis	422-6104
Unrestricted	15 Auxiliary and Services Enterprises	Marion Golding	422-4436
Unrestricted	17 Property Management, Unrestricted	Paul K. Larsen	422-6630
Unrestricted	19 University Designated	Wayne Bailey	422-5621
Unrestricted	20 Faculty Consolidation	Wayne Bailey	422-5621
Unrestricted	21 Allocated General Endowment	Wayne Bailey	422-5621
Unrestricted	23 Donor Restricted, Satisfied	Wayne Bailey	422-5621
Unrestricted	28 Sponsored Programs	Kathleen Rugg	422-8025
Unrestricted	31 Endowment Income	Paul K. Larsen	422-6630
Unrestricted	32 Endowment Investments	Paul K. Larsen	422-6630
Unrestricted	35 Quasi Endowment, Satisfied	Paul K. Larsen	422-6630
Unrestricted	37 Property Mgmt, Quasi Endow Satisfied	Paul K. Larsen	422-6630
Unrestricted	39 Plant Fund	Ben Wake	422-9766
Unrestricted	43 Annuity	Paul K. Larsen	422-6630
Unrestricted	47 Deposits Held for Others	Guy Curtis	422-6104
Temporarily Restricted	51 Donor Restricted	Wayne Bailey	422-5621
Temporarily Restricted	53 Donor Restricted, Deferred Gifts	Paul K. Larsen	422-6630
Temporarily Restricted	55 Quasi Endowment	Paul K. Larsen	422-6630
Permanently Restricted	72 True Endowment	Paul K. Larsen	422-6630
Permanently Restricted	73 True Endowment, Deferred Gifts	Paul K. Larsen	422-6630
Permanently Restricted	76 Loan	Guy Curtis	422-6104
Permanently Restricted	77 Property Management, Restricted	Paul K. Larsen	422-6630
Other	89 Church Affiliates	Paul K. Larsen	422-6630

Please see related pages discussing Operating Units, Accounts, Classes, Funds, Departments, and Program Codes.

 

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Unrestricted Funds

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11 Budgeted and General Fund

General University income and Academic/Administrative budgeted expense units. Primary funding is from Church support and student tuition.

12 General Fund Auxiliary

General fund units operating as auxiliaries which are self supporting, i.e.

• Continuing Education
• Executive MBA Program
• BYU Student Association

13 Education Related

Units with business-like operations that generate revenue, are self supporting and are closely associated with academic activities.

15 Auxiliary and Services Enterprises

Support units that generate revenue and are primarily self supporting.

17 Property Management, Unrestricted

Property donated to the university, proceeds from liquidation or the property itself may be used by the university without restriction.

19 Designated

Activities utilizing administration-designated funds for operations.

20 Faculty Consolidation

Available to faculty and other individuals for the purpose of consolidating various spendable funds into a single Operating Unit.

21 Allocated General Endowment

University allocated general endowment funds to support specific projects/activities.

23 Donor Restricted, Satisfied

External donor funds with use restrictions. Typically, other university spending has technically satisfied the restriction, but the administration has determined that donor funds will still be used in the manner directed by the donor.

28 Sponsored Programs

Research grants and contracts funded by resources external to the University.

31 Endowment Income

Funds spendable from True and Quasi Endowment income.

32 Endowment Investments

Investments or un-invested claim on cash and related accumulated income/appreciation for True and Quasi Endowments.

35 Quasi Endowment, Satisfied

Donor and other university funds which could be spent currently but which are set aside for endowment by the administration.

37 Property Management, Quasi Satisfied

Property donated to the university which has been established by the administration as a Quasi Endowment, liquidation of which will provide funding for Quasi Endowments.

39 Plant Fund

Fixed assets and capital equipment of the university.

43 Annuity

Contributions from donors from which the university pays an annuity during their lives. At death, remaining contributions revert to the university.

47 Deposits Held for Others

Non-university funds held for clubs and organizations as a convenience to those organizations, sometimes called agency accounts.

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Temporarily Restricted Funds

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51 Donor Restricted

External donor funds with use restrictions. Other university spending does not satisfy the restriction.

53 Donor Restricted, Deferred Gifts

Use is restricted because gift is deferred until occurrence of a future event.

55 Quasi Endowment

External donor funds with use restrictions which are set aside as an endowment by the administration. Other university spending does not satisfy the restriction.

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Permanently Restricted Funds

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72 True Endowment

Donor funds which have been specified to be held in perpetuity. Earnings from the investment of these funds provides funding for university operations.

73 True Endowment, Deferred Gifts

Donor funds which have been specified to be held in perpetuity. Gift is deferred until occurrence of a future event.

76 Loan

Funds provided by donors for short and long-term student lending programs.

77 Property Management, Restricted

Property donated to the university which will provide funding for True Endowments upon liquidation.

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Other Non-University Related Funds

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89 Church Affiliates

Accounting services provided to Church Affiliates as a convenience to the LDS Church.