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2005-06 Budget Book
OU Leadership All Downloads Important Resources
Associate Provost for Budget and Planning
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Table of Contents > Section C > Fund Definitions Fund Definitions Funds Current Funds are those funds that are earned and expended in the current fiscal year. They are the subject of this report and include Restricted and Unrestricted Funds. Examples of Non-Current Funds include Plant Funds, Loan Funds and Carry forward Funds.Restricted Funds are funds whose use has been restricted by an external agency or individual. These funds are limited to support specific purposes and/or units.
Unrestricted Funds refers to funds that have no external limitations on their use. Examples of Unrestricted Funds include General Funds and Auxiliary Funds.
Auxiliary Funds are designated by the University for a certain purpose. They exist to furnish goods or services to students, faculty, and/or staff and charge a fee directly related to the cost of the goods or services they provide. Ohio University Auxiliary Funds include residence halls, food services, Intercollegiate Athletics, the student union, campus recreation, and the airport.General Funds are unrestricted resources that are available for allocation in support of core instruction, instructional support and related general administrative and physical plant expenditures. General Funds are made up of General Programs and Departmental Income.
General Programs refers to General Funds that are collected centrally, pooled, and allocated by the budget process.
Departmental Income consists of revenue earned from activities conducted within a single department. It is available for unrestricted use by that department.
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