• Monitor changes to organizational reporting needs in consideration of:
• Create new FOAPAL elements within defined structures as new reporting needs are identified.
• oNew regulations – GASB, FASB, GAAP, NACUBO FARM, NCAA, Department of Ed, legislation, etc.
• oNew organizational funding sources, reporting structures, program designations, campus locations
• oManagement reporting needs
• oDetermine whether reporting needs can be met with existing FOAPAL and attributes.
• oFund types – any grouping of funds requiring a unique identifier for reporting purposes. There should be no changes after the initial setup unless required by new external reporting requirements.

FTMFTYP Fund Type Maintenance

• Chart of Accounts: 1
• Active Status: checked (default)
• Fund Type: create 2-digit numeric code according to FUND structure definition
• Title: name descriptively
• Effective Date: today
• Internal Fund Type: roll up level
• o10 – Current Unrestricted
• o20 – Restricted
• o30 – Auxiliary
• o40 – Loan Fund
• o50 – Quasi-endowment
• o60 – Endowment
• o70 – Annuity and Life Income
• o80 – Agency
• o90 – Unexpended Plant
• oFund codes – Any activity that requires balance sheet reporting requires a unique fund code, e.g., grants, restricted gifts, endowments. This element will have the most activity after the initial setup.
• Utilize non-data-enterable roll up level funds where needed to group funds for approvals or reporting, e.g., by granting agency or PI, by endowment.
• FTMFUND Fund Code Maintenance
• Chart of Accounts: 1
• Active Status: checked (default)
• Grant: Select, if applicable
• Fund: create 6-digit numeric code according FUND structure definition
• Title: name descriptively, maximum of 35 characters
• Effective Date: today