Did you know that expense transactions must post to a C-FOP using an allowable fund type and NACUBO function combination to ensure proper financial reporting?
For example, ICR fund code 200250 (fund type 2C) cannot be used with a program code assigned with the 1000 - Instruction NACUBO function, as ICR funds are not generated from instructional activities.
See below for further details which may help in monitoring compliance with this requirement:
- Banner page FZMFUND can be used to identify the fund type assigned to your fund, while Banner page FZMPROG can be used to identify the NACUBO function assigned to your program code.
- UAFR reviews Banner expense transactions on a monthly basis to identify any errors. If you are contacted as a part of this review, it is essential that these transactions are corrected on a timely basis to ensure they clear from the subsequent month’s review.
- For a full list of allowable and unallowable combinations of fund types and NACUBO functions, refer to the NACUBO Function & Allowable Fund Type Combinations Grid, which is available under the Resources section of UAFR’s Banner Program Codes & NACUBO Functions webpage.
Contact
For further details, contact the applicable subject matter experts within the Program Codes or NACUBO Functions section of UAFR’s Who to Ask list.
