What You Should Know
The Fund ChartField
The Fund ChartField is used to track the source of funding. Each Fund has both a Fund Group and a Fund Classification.
The Fund Group is the category of Funds (e.g. general funds, expendable gift funds) that indicates where money came from and/or how money should be handled. Fund Group is indicated by the alpha character at the beginning of the five-digit Fund.
The Fund Group does not indicate the degree of external restriction, internal designation or reporting requirements of a Fund.
Fund Classification is an attribute for all Funds that provides a general indication of the degree of external restriction, internal designation or reporting requirements of a Fund. Funds are classified in five tiers:
- University Designated
- Departmentally Restricted
- Purpose Restricted – Eligible for Transfer
- Purpose Restricted – Ineligible for Transfer
Fund ChartField Reference Guide
Learn more about the Fund ChartField by reviewing the Fund ChartField Reference Guide, which is updated monthly.
How Group and Classification Work Together
Fund Group and Fund Classification work together to provide information on the source, use and restrictions of a Fund. This information can provide guidance on how to move money as well as which Fund should be spent first.