Types, Definitions, Accountants Responsible

The Banner Finance is the official accounting system used by Eastern Illinois University. The University receives funding from various sources, most of which is specified for certain types of expenditures. To enable the financial manager of these funds to monitor and report on the activity of the funds, the accounting system must maintain separate records of each source of funds, and the expenditures from each source. An organization is defined as a functional unit established for a specific purpose, with one individual (financial manager) having primary responsibility for its activity. An financial manager may have responsibility for one or more fund or organizations. The table shows the fund/organization types, funding source and Accountants responsible for any questions regarding the specific organizations.