Kentucky State University Business Policies and Procedures Manual

Recommended structure:

  • 010 – Education & General
  • 020 – Research
  • 030 – Public Service
  • 040 – Auxiliary Enterprises
  • 050 – Allocated Support
  • 011 - Instruction
  • 012 – Academic Support
  • 013 – Student Services
  • 014-Scholarships
  • 041 – Residence Halls
  • 042 – Dining Services
  • 043 – Other Auxiliaries
  • 051 – Institutional Support
  • 052 – Operations and Maintenance of Plant
  • 053 – Depreciation and Amortization
  • 054-Interest

Procedures

Responsible position(s):

  • Controller

Required documents and access:

  • Banner finance, system maintenance class

Frequency and timing:

  • As needed for new reporting requirements
  • Annual review and maintenance

Steps:

  • Set up an initial chart of accounts in accordance with defined structure to support required reporting needs including:
  • GAAP/GASB financial statements
  • IRS Form 990 tax filing
  • IPEDS reporting
  • NCAA/EADA financial reporting
  • Kentucky CPE FD reporting
  • Financial management reports
  • Other required reporting as identified