 |
|
Office of Financial Management Services
Auxiliary Accounting |
|
|
Auxiliary Standard Operating Procedures
|
|
| SUBJECT: |
Definition of Reporting Auxiliary and Service Centers |
| SOURCE: |
Auxiliary Accounting Department, FMS |
ORIGINAL DATE
OF ISSUE: |
March, 2006 |
| ASOP NO: |
1.0 |
| RATIONALE: |
To aid fiscal officers, account managers, and account supervisors in understanding the appropriate use of funds pertaining to the Auxiliary Enterprises fund group. |
| ASOP: |
Auxiliary Accounts
Auxiliary accounts furnish goods or services to students, faculty, staff, or the general public and charge a fee directly related to, although not necessarily equal to, the cost of the goods or services. An auxiliary account is an entity managed as a self-supporting, regularly occurring activity.
Service Center Accounts
Service center accounts furnish goods or services to other internal university departments and charge a fee directly related to, and equal to, the cost of the goods or services. Fundamentally, an entity managed as a self-supporting activity that is to operate at breakeven.
- Detailed documentation of accounting processes performed by Auxiliary Accounting.
|
| DEFINITIONS: |
Fund Group – The familiar title of a particular group of funds. Some examples include general funds, designated funds, sponsored research funds, loan funds, etc.
Auxiliary Enterprises Fund Group – Fund group that includes auxiliary and service center accounts consisting of 60-xxx-xx, 61-xxx-xx,
63-xxx-xx, and 66-xxx-xx accounts. |
CROSS
REFERENCE: |
See Financial Policy I-120 |
RESPONSIBLE
ORGANIZATION: |
Financial Management Services |
|
|
|
