Master File Key Element: Function

42 Character Master File Key
    XXX - XX - XXXX - XXXXX - X - XXXXXXX - XXXX - XXX - XXXXX - XX - XXXX - XX    
Length: 2 characters
Description: The function element will be used by the University to identify current funds' revenues and expenditures by their intended purpose. This element will allow the University to accumulate financial data in a format consistent with that of other colleges and universities.
Required: Yes, a Function other than 00 is required for the following fund values: 050, 190-244, and 500-525. Health Care Units 165-189, 420, and 735 should use Function 31. Other funds should only use a function of 00 or 80 (if Scholarship or Fellowship).
Restrictions: Accounting and Financial Reporting defines and approves Functions for the Chart of Values database.
Default Value: 00