Account: Four- or Six-digit code that identifies the type of good or service being expensed

Adjusted budget: The current fiscal year original budget minus/plus any adjustments

Available balance: The portion of the budget that reflects expendable financial resources

Budget pool account code: Four-digit number where funds are placed for anticipated expenses

Budget cycle: Planning process to develop the annual operating budget for the upcoming fiscal year

Current budget: The current fiscal year original budget minus/plus any adjustments

Fiscal year (FY): Twelve-month period from July 1 to June 30

FOAP: Fund, Org, Account, Program - Used to identify expenses and revenue in Banner

Fund: Six-digit code that identifies ownership of cash or fund balance and type of funding source

Fund balance: The cumulative net income or loss generated by the operation of a fund

Operating budget – Planned Fiscal Year funding for current operations

Original budget: Planned funding (revenue and expense) established during the budget prep cycle, and approved by the Board of Regents

Organization (ORG): Six-digit code that defines a budgetary or departmental unit

Program: Four-digit component that classifies the function of expenses, revenue, and transfers

Revenue: Funds earned from activities associated with providing goods and services to entities separate from the university or funds received for endowments, gifts, or grants

Transfer: The movement of money between different FOAP elements

Year-to-date (YTD) – From 7/1, or the effective date of the fund, up to the most current point in time