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FUND 320 Endowment Budget Reports

FUND 320 Endowment Budget Reports. Similar to FRS web queries and FRS monthly budget report. FRS General Ledger - Principal. FRS General Ledger - Spending. FRS Subsidiary Ledger - Spending. GL New Mapping to Peoplesoft. SL New Mapping to Peoplesoft. Budget Overview. CAUTION:

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FUND 320 Endowment Budget Reports

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  1. FUND 320Endowment Budget Reports Similar to FRS web queries and FRS monthly budget report.

  2. FRS General Ledger - Principal

  3. FRS General Ledger - Spending

  4. FRS Subsidiary Ledger - Spending

  5. GL New Mapping to Peoplesoft SL New Mapping to Peoplesoft

  6. Budget Overview CAUTION: Use OPS Ledger Inquiry Set to see endowment funds. BUMPREV is for 310 Fund gifts only.

  7. Summary Section

  8. Summary Section RECOG. REV. 44201 Account = distributed earnings RECOG. REV. 44309 Account = new gifts BUDGET Set by policy EXPENSE, etc. FY07 Peoplesoft charges. BUDGET BALANCE - = NOTE: Since budget is set by policy at beginning of fiscal year, Recognized Revenue does not change your Budget this FY. Associated Revenue should always be $0. NOTE: Reserve balances are not shown here. See later slides.

  9. Budget Overview Report New Gifts go to principal not spending, which is why this transaction goes to Fund 400, not 320.

  10. Budget Status Report OPS_PA for budget/expenses OPSREV for new gifts & distributed income

  11. Use Budget Transaction Detail Report to see each expense (similar to second page of old FRS monthly budget report)

  12. Use Budget Transaction Detail Report to see each deposit

  13. Budget Transaction Detail OPS_PA for budget/expenses BUMP_REV for new gifts

  14. Use Budget Transaction Detail Report to see each expense (similar to second page of old FRS monthly budget report)

  15. Use Budget Transaction Detail Report to see each deposit Receipt number matches donor reports from Development

  16. Endowment Reserve • Use Ledger, not Budget Overview • Use Account 30000, Fund 320 to see reserves (net assets) • To access reserves for spending, contact Financial Analysis and Budget. • FAB will increase the budget of the 320 Fund (which you will then see in Budget Overview).

  17. Be sure to check “Show YTD Balance” Use Account 30000, Fund 320 which is net assets or reserves, then use Source to find one endowment or use Dept/Op Un to find multiple endowments in your unit.

  18. Reserve for this endowment (Source 330389) is $1,762.64. CAUTION: Be sure to use Fund 320 to see reserves. Account 30000 Net Assets is the same account used with Fund 350, 352 or 400 to represent the book value of the endowment.

  19. alumni.uvm.edu/business

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