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