Funding Sources

State Aided

The state-aided budget is funded from State Appropriations and university-generated cash funds (primarily tuition income). These funds are available for expenditure during the course of the fiscal year (July 1 - June 30).

The cost center assigned for identifying a state-aided funding source begins with 41.

Revolving

Funds that generate revenue, including:

• Laboratory class fees
• Workshop proceeds
• Seminar fees
• Revenue from music and theatre productions

Revolving funds support expenditures specific to the course/activity that generates the revenue. A revolving fund balance is retained from year to year.

The cost center assigned for identifying a revolving fund begins with 42.

Auxiliary

Revenue from an entity that exists to furnish goods and services to students, faculty, or staff and charge a fee directly related to its operations. Auxiliary enterprises include:

• Residence halls
• Food service
• The Maverick Store

Auxiliary cost centers begin with 43.

Federal

Budgets that include federal grants and contracts and student aid programs supported from federal grants.

WBS elements assigned to identify federal funding begin with 44 (Federal Letter of Credit) or 45 (Federal Advance).

Trust

• Budgets supported by trust funds relate directly to:
• Non-federal grants or contracts
• Non-federal student aid programs
• Maintenance of student loan programs
• Endowment funds
• Agency funds

WBS elements assigned to identify a trust fund begin with 46 (Trust Life to Date) or 47 (Trust Year to Date).