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Financial Management System (FMS)Operating Ledger Account Codes and Descriptions |
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Financial Management System (FMS)Operating Ledger Account Codes and Descriptions |
Revenue derived from student tuition. (Used by central unit only)
Non-tuition fees (registration, course material, omnibus, fitness center)
540 Sponsored Projects Revenue
Revenue from external funding sources that supports the instructional, research, or public service functions of the institution. Governmental grant and contract revenues should be submitted through Sponsored Program Administration. (All 540 account codes are used by central unit only)
5401 Federal Revenue Sources
5402 State of Michigan Revenue Sources
5403 Local Government Revenue Sources
5404 Private Sponsoring Agency Revenue Sources
54041 Educational Institutions
54042 Foundations
54043 Hospital and Health Care Institutions
54044 Private Corporations and Business
54045 Voluntary Health Agencies
54046 Religious Organizations
54047 Fund Raising Consortium
54048 Affiliated Institutions
54049 Other Organizations
5405 Foreign Sources
54061 Alumni
54062 Parents
54063 Other Individuals
5407 Medical Related Institution Support
5408 Other Sources
5409 Refunds - Sponsored Projects
540B Refunds - Interest Sponsored Projects
540A1 Gifts
540A3 Gifts (2% Administrative Fee assessed on this account code)
Income from investments such as dividends, interest, gains or losses on disposal of investments. The 550 account codes are used by central unit only.
5501 Interest and Dividends
5504 Endowment Income
55051 Realized Gains and Losses
55052 Unrealized Gains and Losses
5506 Other Investment Income
5507 Investment Income Trust Admin Asset
5509 Cash Management Investment Income
550A Passbook Interest Income
Recovery of indirect cost (i.e., operation and maintenance of plant, departmental, college, and institutional administration, library operations, etc.) charged on external sponsored programs. Indirect cost rates (now call Facilities and Administrative (F&A) rate) charged to federal grants and contracts are audited and negotiated with the Department of Health and Human Services. (Used by central unit only)
562 Administrative Fee On Gift Recovery
Recovery of administrative fee on the moving average of the market value of the endowment fund used to support the Division of Development and Alumni Affairs (Used by central unit only)
Revenue earned in exchange for goods or services.
57011 Departmental Activities - External sales and services generated by departments.
57013 Independent Operations - External sales and services generated by WDET.
Normally called cost of goods sold which represent the cost of buying raw materials and producing finished goods. (Used by University Press only)
5703 Auxiliary Activities Sales & Services
57012 Auxiliary Activities External sales and services generated by Auxiliary units.
57014 Auxiliary Activities Programs & Special Events
57015 Auxiliary Activities Concessions & Sundry
57016 Auxiliary Activities Rental Revenue
580 Miscellaneous Revenue Sources
Revenue derived from advertising sales such as South End, Athletics, Theatre and WDET.
5802 Commissions
5803 Conference and Seminars
Payments received by the University for the Rent of its real or personal property not in Auxiliary Funds.
Royalty payments received primarily by Intellectual Properties and University Press.
Used to record revenues not specifically defined in any previous revenue account code.
581 Athletic Revenue (Used by Athletic department only)
5804 Gate Receipts
5811 Game Guarantees
5812 Program Sales
5813 Concession Sales
5814 Sports Camps Revenue
5815 Events & Intramural Revenue
5816 Program & Advertising
5817 Other Revenue
590 & 5A0 Endowment Fund Revenues
Restricted donations which are invested and only the investment income is expendable by the units. (Used by central unit only)
5B1 Bond Proceeds (Used by central unit only)
Revenues earned from residence hall and apartment rental. (Used by Housing only)
5C11 Housing Apartment Revenues
5C111 Housing Apartment Rental Income
5C112 Housing Apartment Late Fees
5C12 Housing Student Resident Hall Income
5C121 Housing Student Resident Hall Room Rent
5C14 Housing Student Health Clinic Fee
5C15 Housing Conference Revenues
5C16 Housing Laundry Revenue
5C17 Housing Application Fee
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