Did you know that there are fund accounting principles and financial reporting requirements in place which require transactions to post to a C-FOP utilizing an allowable fund type and NACUBO function combination? If UAFR locates any transactions that posted to Banner using an unallowable fund type – NACUBO combination during our monthly reviews, we will reach out to ask that a correcting entry be made on a timely basis.
For example, a State fund (such as 100021) should not be used with a program code assigned with any of the following NACUBO functions, as the purpose of State funds differs from the purpose and definition of these NACUBO functions:
2000 (Auxiliary Operations);
5000 (Stores and Services);
6000 (Loan Funds);
7000 (Endowment Funds);
8000 (Plant Funds); or
9000 (Custodial).
For a full list fund type and NACUBO function combinations which are allowable (and unallowable), refer to the NACUBO Function & Allowable Fund Type Combinations Grid which is available on UAFR’s Banner Program Codes & NACUBO Functions webpage.
Contact
If you have further questions on this topic, feel free to reach out to the applicable subject matter experts within the Program Codes or NACUBO Functions section of UAFR’s Who to Ask list.
