Institutional Accounts

2500-2999 Series: Fund Balance

These accounts consist of the assets less the liabilities of a specific fund. They may be reserved, restricted and/or designated for specific purposes.

2530 - Grants and Contracts  
Unencumbered funds held by the University that may only be spent under the terms and conditions of a grant or contract. This IACT is used to represent fund balance for funds 500, 510 and 520.
2535 - Scholarships  
Unencumbered funds held by the University that may only be disbursed as a scholarship. This IACT is used to represent fund balance for fund 525.
2540 - Loans  
Unencumbered funds held by the University that may only be disbursed as a student loan under the terms and conditions of a grant or contract. This IACT is used to represent fund balance for fund 530.
2550 - Endowments  
Endowment funds not spent. This IACT is used to represent fund balance for funds 560 and 561.
2575 - Renewals and Replmts Rsrv Rstr  
Funds accumulated for compliance with bond resolutions or other legal agreements for the repair and alteration of buildings. This IACT is used to represent fund balance for funds 700, 705, 710, 725, 735 and 740.
2580 - Retirement Of Indebtedness  
Funds held for the payment of bond principal and interest. This IACT is used to represent fund balance for funds 800, 801, 803, 805, 808, 810, 811, 813, 814, 815, 816, 817, 820, 822, 827, 828, 829, 830, 831, 832, 833, 834, 835, 837, 838, 839, 840, 841, 842, 843, 844, 845, 846, 850, 851, 852, 855, 856, 860, 862, 863, 880, 895, 896, 897 and 898.
2599 - Specific Pur Rsrv Rstr Fnd Bal  
Includes all other fund balance items for specific purposes reserved-restricted not specified in IACTs ranging from 2500 to 2598. This IACT is used to represent fund balance for funds 050, 060, 170, 175, 180, 185, 187, 189, 190, 210, 220, 230, 231, 232, 233, 234, 235, 236, 237, 238, 239, 240, 241, 242, 243, 244, 250, 260, 270, 271, 275, 285, 295, 310, 311, 563, 610, 614, 615, 616, 620, 622, 625, 627, 630, 633, 635, 636, 641, 642, 645, 651, 656, 657, 663, 665, 670, 676, 680, 690, 940, 941, 943, 948 and 998.
2600 - Auxiliary Enterprises  
Auxiliary Enterprises fund balances less any encumbrances. This IACT used to represent fund balance for funds 400, 401, 402, 405, 408, 409, 411, 412, 413, 414, 415, 420, 430, 435, 437, 440, 445, 447 and 450.
2665 - Quasi Endowments  
Unencumbered funds held by the University that have been internally designated for endowment purposes. This IACT is used to represent fund balance for fund 562, 580, and 581.
2800 - Undesignated  
Funds for which no purpose has yet been specifically designated. This IACT is used to represent fund balance for fund 660.
2900 - Net Investment In Plant  
The fund balance for Investment in Plant Fund. This IACT is used to represent fund balance for funds 900.
2999 - Specif Pur Unrsrv Desig Fd Bal  
Includes all other fund balance items for specific purposes unreserved-designated not specified in IACTs ranging from 2600 to 2998. This IACT is used to represent fund balance for funds 950, 951, 952, 960, 970, 975, 980, 989, 990, 991, 992, 993, 994 and 999.

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