Types, Definitions, Accountants Responsible
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. A financial manager may have responsibility for one or more funds or organizations. The table shows the fund/organization types, funding source and accountants responsible for any questions regarding the specific organizations.
|Organization Number||Organization Type||Definition/Funding Source||Accountant Responsible||Phone/E-mail|
|1xxxxx||Appropriated||State tax revenues/tuition to be spent within the fiscal year.||Joni Lutz||217-581-8327, email@example.com|
|2xxxxx||Designated Funds (Local)||Funds generated by the department (i.e., ticket sales, memberships, student fees).||Joyce Schumacher||217-581-7737, firstname.lastname@example.org|
|3xxxxx||Revenue Bond||Bond and business-type activity.||Mike Hutchinson||217-581-7753, email@example.com|
|5xxxxx||College Work Study||Federal government.||Financial Aid||217-581-7510|
|Grants||Various granting agencies.||Lauren Clapp||217-581-7752, firstname.lastname@example.org|
|Gifts||Various donors.||Joyce Schumacher||217-581-7737, email@example.com|
|6xxxxx||Foundation/Alumni Association||University-related organization activity.||Sara Harwood||217-581-7829, firstname.lastname@example.org|
|7xxxxx||Income Fund Reserves||Equipment replacement.||Mike Hutchinson||217-581-7753, email@example.com|
|Plant Reserve||Equipment replacement.||Joyce Schumacher||217-581-7737, firstname.lastname@example.org|
|Bond Reserve||Repair, replacement and construction reserves (for bonds only).||Mike Hutchinson||217-581-7753, email@example.com|
|831100||Agency||Clubs, Greek organizations, etc. Must have a university sponsor.||Joyce Schumacher||217-581-7737, firstname.lastname@example.org|