Fund
Chart of Accounts Manual
Description
The Fund ChartField answers the question: “What broad restrictions or reporting requirements have been imposed on these funds?”
- Fund values are always required on transactions.
- Fund values consist of four numeric characters.
Fund accounting classifies resources for accounting and reporting purposes in accordance with regulations, restrictions, or limitations imposed by donors, parties outside of the University, or the Board of Regents.
A fund is an accounting entity with self-balancing sets of accounts that record cash and other financial resources (assets), with related liabilities, fund equity (net assets) and other corresponding changes.
The University’s funds are generally grouped as follows:
| Current Unrestricted Funds | 1000-1499 (no values 1200-1499) |
| Current Restricted Funds | 1030, 1500-3999 |
| Loan Funds | 5000-5999 |
| Investment Pool Funds | 6000-6009 |
| Endowments & Similar Funds | 6010-6999 |
| Plant Funds | 7000-7999 |
| Agency Funds | 9000-9999 |
A sortable list of the Fund codes is available at the end of this page, click here to jump to that section of the page.
A sortable list of the Fund codes is available at the end of this page, click here to jump to that section of the page.
Fund trees
Fund trees are used to facilitate reporting and validate ChartStrings. Fund trees include:
- UM_CYFWD_FUNDS – identifies Funds used in carryforward balance calculations
- UM_FUND_CATEGORY – sorts Fund values by Fund Category
- UM_FUND_CLASS – sorts Fund values by Fund Class
- UM_FUND_GROUP – sorts Fund values by Fund Group
- UM_FUND_NETASSETS – sorts Fund values into groups to facilitate closing process
Group and Class Descriptions
Funds are organized hierarchically into groups, categories, and classes, with group being the highest level.
1. Fund Group: Current Unrestricted Funds
Current unrestricted funds are expendable for any purpose in performing the primary objectives of the institution. These funds have no constraints imposed by external creditors, grantors, contributors, or laws or regulations of government. While it is necessary to abide by constraints that are imposed by University management and the Board of Regents, these are internally imposed and, therefore, they do not meet the accounting definition of ‘restricted.’
A. Fund Category: Centrally Allocated Funds
Funds allocated by the Board of Regents, which may be further distributed to a unit or department by a central, college, or administrative office.
Fund Class: State Appropriations, Tuition and Fees
Appropriations made available to the University by legislative acts of the State of Minnesota for general operations and maintenance purposes; tuition and the University fee.
| Fund | Long Description | Short Description |
|---|---|---|
| 1000 | State Appr and Tuition | UMTuition |
B. Fund Category: Self-Supporting/Self-Sustaining Funds
Funds in which expenditures are supported by revenues earned primarily by external sale of goods or services.
Fund Class: Auxiliaries
University units that are essentially self-supporting, that provide goods and services on a regular and continuing basis primarily to individuals in the University community (students, staff, etc.). An auxiliary enterprise may receive incidental income from the general public.
| Fund | Long Description | Short Description |
|---|---|---|
| 1100 | Auxiliary Services | AuxSvcs |
Fund Class: Internal Sales
Funds received through the internal sale of goods or services provided to other University departments. (Organizations using University Agency Funds are considered external to the University.)
| Fund | Long Description | Short Description |
|---|---|---|
| 1150 | Recharged Internal Revenue | IntRvRchrg |
| 1151 | Specialized Srvc Internal Revenue | IntRvSpSvc |
Fund Class: Other Unrestricted Funds
Other sources of funds where no constraints are imposed on the University by external creditors, grantors, contributors, or laws or regulations of other governments.
| Fund | Long Description | Short Description |
|---|---|---|
| 1020 | UMHC Other Unrestricted | UMHCOth |
| 1023 | Clinical Services | Clinical |
| 1024 | Indirect Cost Recovery | ICR |
| 1025 | Uncollectible Costs Sponsored | UncollSpon |
| 1026 | Other Unrestricted | OtherUnres |
| 1027 | Central Reserves | CntrlRsrvs |
| 1028 | Quasi-Unrest Endow Target | QU Endow |
2. Fund Group: Current Restricted Funds
Restricted current funds are expendable for current operating purposes, but have constraints imposed by external creditors, grantors, contributors, or laws or regulations of government, as to the specific purpose for which they may be expended. The University is obligated to use these funds in accordance with the purpose established by the external party.
Current restricted funds may be either Nonsponsored or Sponsored.
NOTE: Nonsponsored restricted funds are administered by Accounting Services.
A. Fund Category: Nonsponsored Centrally Allocated Funds
Funds allocated by the Board of Regents, which may be further distributed to a unit or department by a central, college, or administrative office.
Fund Class: Restricted State Specials
Amounts made available to the University of Minnesota by legislative acts of the State of Minnesota. These appropriations are restricted in that the state imposes limitations on the use of the funding: Agriculture; Health Science; Technology; Tobacco; Miscellaneous; MN Care.
| Fund | Long Description | Short Description |
|---|---|---|
| 1801 | State Special – System | RSSSystem |
| 1802 | State Special – Agriculture | RSSAgricul |
| 1803 | State Special – Health Science | RSSHealth |
| 1804 | State Special – Technology | RSSTech |
| 1805 | State Special – Tobacco | RSSTobacco |
| 1806 | State Special – Miscellaneous | RSSMisc |
| 1807 | State Special – MN Care | RSSMNCare |
Fund Class: Nonsponsored State of Minnesota
| Fund | Long Description | Short Description |
|---|---|---|
| 1613 | ARRA State of MN Passthrough | ARRAMNPass |
| 1614 | ARRA Govt Svcs St MN Passthrgh | ARRAGovSvc |
B. Fund Category: Nonsponsored Self-Supporting/Self-Sustaining Funds
Funds in which expenditures are supported by federal appropriations.
Fund Class: Federal Appropriations
Funding made available to the University of Minnesota by legislative acts of the federal government, excluding federal government grants and contracts.
| Fund | Long Description | Short Description |
|---|---|---|
| 1901 | Hatch Funds | Hatch |
| 1902 | Mcintire-Stennis Fund | McIntire |
| 1903 | Animal Health/Dis Vet Med | AnHlthCVM |
| 1904 | Animal Health/Dis Ag Exp | AnHlthAES |
| 1905 | MultiState Research Funds | MRFAES |
| 1907 | Smith Lever Formula Funds | SLFormula |
| 1908 | Smith Lever CSRS | SLCSRS |
| 1909 | Smith Lever 4-H Extension | SL4HExt |
| 1910 | Smith Lever EFNEP | SLEFNEP |
| 1911 | Smith Lever Rural Develop | SLRurDev |
| 1912 | Renewable Resource Program | RenewRsrc |
| 1913 | Smith Lever Part Time Farm | SLPtFarm |
| 1914 | EPA Pesticide Safety Ed Prg | EPAPSEP |
| 1915 | Smith Lever Integrated Pest Mgmt | SLPstMgm |
| 1916 | Smith Lever FERS | SLFERS |
C. Fund Category: Other Restricted Nonsponsored
Nonsponsored restricted funding received from external entities which are not administered by SPA.
Fund Class: Nonsponsored Business & Industry
| Fund | Long Description | Short Description |
|---|---|---|
| 1780 | Business and Industry | BusIndNonS |
Fund Class: Nonsponsored Foundations
| Fund | Long Description | Short Description |
|---|---|---|
| 1700 | Foundations – Other |
FdnOther |
| 1701 | U of M Foundation | UMF |
| 1702 | MN Medical Foundation | MMF |
| 1703 | MN Arboretum Foundation | Arboretum |
| 1704 | UM Alumni Association | UMAlumni |
| 1705 | MN 4-H Foundation | MN4HFdn |
Fund Class: Nonsponsored Federal
| Fund | Long Description | Short Description |
|---|---|---|
| 1500 | UMC – Federal Work Study | UMCFedWS |
| 1501 | UMD – Federal Work Study | UMDFedWS |
| 1502 | UMM – Federal Work Study | UMMFedWS |
| 1503 | UMR – Federal Work Study | UMRFedWS |
| 1504 | UMT – Federal Work Study | UMTFedWS |
| 1510 | UMC – Pell Grants | UMCPell |
| 1511 | UMD – Pell Grants | UMDPell |
| 1512 | UMM – Pell Grants | UMMPell |
| 1513 | UMR – Pell Grants | UMRPell |
| 1514 | UMT – Pell Grants | UMTPell |
| 1520 | UMC – SEOG Grants | UMCSEOG |
| 1521 | UMD – SEOG Grants | UMDSEOG |
| 1522 | UMM – SEOG Grants | UMMSEOG |
| 1523 | UMR – SEOG Grants | UMRSEOG |
| 1524 | UMT – SEOG Grants | UMTSEOG |
| 1530 | Federal Agencies – LOC | FedAgyLOC |
| 1531 | Federal Agencies – Non-LOC |
FedAgNoLOC |
| 1532 | National Science Foundation | NSF |
Fund Class: Nonsponsored Other Government
| Fund | Long Description | Short Description |
|---|---|---|
| 1730 | Local Governments | LocalGvNon |
| 1731 | Foreign Governments | ForgnGvNon |
Fund Class: nonsponsored state of Minnesota
| Fund | Long Description | Short Description |
|---|---|---|
| 1600 | UMC – State Work Study | UMCStateWS |
| 1601 | UMD – State Work Study | UMDStateWS |
| 1602 | UMM – State Work Study | UMMStateWS |
| 1603 | UMR – State Work Study | UMRStateWS |
| 1604 | UMT – State Work Study | UMTStateWS |
| 1610 | State of Minnesota – NonSpon | MNNonSpons |
| 1611 | State of Minnesota Passthrough | MNPassThr |
| 1612 | Joint Programs – MNSCU | MNSCUProg |
Fund Class: Nonsponsored Other Restricted
| Fund | Long Description | Short Description |
|---|---|---|
| 1030 | Private Practice | PrivPract |
| 1750 | Endowment Target | EndowTgt |
| 1751 | Individuals and Others | Ind/Other |
| 1752 | UofM,Mayo,Biotech Prtnrshp | MayoBiotec |
| 1754 | U Gateway Corporation | Gateway |
D. Fund Category: sponsored funds
Sponsored funds are external funds provided through a grant, contract or cooperative agreement for research, training, and other public service activities that are administered by the Office of Sponsored Project Administration (SPA). All sponsored funds are restricted and are generally governed by specific terms and conditions and subject to special reporting and invoicing procedures.
Fund Class: Sponsored Business & Industry
| Fund | Long Description | Short Description |
|---|---|---|
| 3000 | Business and Industry – Spons | BusIndSpon |
| 3010 | Spon Bus & Ind – Fed Pass Thru | BIFdPsThru |
Fund Class: Sponsored Foundations
| Fund | Long Description | Short Description |
|---|---|---|
| 3001 | Foundations – Sponsored | FdnSpon |
| 3011 | Spon Foundation-Fed Pass Thru | FdnFdPsThr |
Fund Class: Sponsored Federal
| Fund | Long Description | Short Description |
|---|---|---|
| 3002 | Federal Government – Sponsored | FedGovSpon |
Fund Class: Sponsored Other Government
| Fund | Long Description | Short Description |
|---|---|---|
| 3003 | Local Government – Sponsored | LocalGovSp |
| 3004 | Foreign Government – Sponsored | ForgnGovSp |
| 3012 | Spon Other Gov-Fed Pass Thru | OGvFdPsThr |
Fund Class: Sponsored State of Minnesota
| Fund | Long Description | Short Description |
|---|---|---|
| 3005 | State of Minnesota – Sponsored | MNSpons |
| 3013 | Spon State of MN-Fed Pass Thru | MnFdPsThr |
| 3015 | Spons-St of MN - Multi Yr Approp | MnAppSpMY |
| 3016 | Spons-St of MN - GenFund FY App | MnAppSpFY |
Fund Class: Sponsored Other
| Fund | Long Description | Short Description |
|---|---|---|
| 3006 | Other Private – Sponsored | OthPrivSp |
| 3014 | Spon Other – Fed Pass Thru | OthFdPsThr |
3. Fund Group: Loan Funds
Loan funds consist primarily of loans to students, and the resources available for such purposes, including funding available from the federal government, the State of Minnesota, private donors, and other sources. Loan funds may be restricted or unrestricted, depending on the source of the funding.
Loan funds are primarily used by the University’s financial aid offices and Accounting Services. Other users of these funds should reference University policy or contact one of these offices for guidance.
Fund Class: US Govt Grants/Other Loans
Loan activity related to funding offered by the Department of Education for the Perkins loan program, or loan activity related to funding offered by the Department of Health and Human Services for health-related loan programs such as pharmacy, medicine, dentistry, nursing and veterinary medicine.
| Fund | Long Description | Short Description |
|---|---|---|
| 5000 | UMC – Nat Direct Stdt Loan | UMCNDSL |
| 5001 | UMC – Perkins | UMCPerkins |
| 5100 | UMD – Nat Direct Student Loan | UMDNDSL |
| 5101 | UMD – Perkins |
UMDPerkins |
| 5120 | UMD – Hlth Prof Std Loan-Medical | UMDHPMed |
| 5121 | UMD – Primary Care Loan | UMDPCL |
| 5200 | UMM – Nat Direct Student Loan | UMMNDSL |
| 5201 | UMM – Perkins | UMMPerkins |
| 5400 | UMT – Nat Direct Student Loan | UMTNDSL |
| 5401 | UMT – Perkins | UMTPerkins |
| 5420 | UMT – Hlth Prof Stdt Loan-Med | UMTHPMed |
| 5421 | UMT – Htlh Prof Stdt Loan-Dental | UMTHPDntl |
| 5422 | UMT – Hlth Prof Stdt Loan-VetMed | UMTHPVetMd |
| 5423 | UMT – Disadvantage Std Loan-Vmed | UMTDisVtMd |
| 5424 | UMT – Hlth Prof Stdt Loan-Pharm | UMTHPPharm |
| 5425 | UMT – Nursing Student Loan-BA | UMTNursBA |
| 5426 | UMT – Nursing Student Loan-Grad | UMTNursGr |
| 5427 | UMT – DisadvantagedStdt Loan-Med | UMTDisMed |
| 5428 | UMT – Disadvantaged Stdt-Pharm | UMTDisPhr |
| 5429 | UMT – Primary Care Loan-Medical | UMTPCLMed |
| 5430 | UMT – Nurse Faculty Loan Program | UMTNFLP |
| 5431 | UMT – Nurse Faculty Loan ARRA | UMTNFLARRA |
Fund Class: Restricted Loans
Loans that are restricted by donors or other outside entities as to the specific purpose for which they may be expended, and which ultimately may or may not be refunded to the resource provider.
| Fund | Long Description | Short Description |
|---|---|---|
| 5020 | UMC – Univ Trust Fund Loans Res | UMCUTFLR |
| 5140 | UMD – Univ Trust Fund Loans-Res | UMDUTFLR |
| 5141 | UMD – Administrative Fund | UMDAdmin |
| 5142 | UMD – Stu Emergency Loan | UMDStdEmrg |
| 5143 | UMD – Student Loan Fund | UMDStdtLn |
| 5144 | UMD – Veterans Emergency Loan | UMDVetEmrg |
| 5145 | UMD – Dr Doolittle Mem Loan | UMDDrDolit |
| 5146 | UMD – Engrs Club Emerg Loan |
UMDEngrEmr |
| 5147 | UMD – Elec Wkrs and Cntract Loan |
UMDElecWkr |
| 5148 | UMD – Ezra Pieper Emergency Loan |
UMDPieperEm |
| 5149 | UMD – Gifillan Trust Loan |
UMDGifilTr |
| 5150 | UMD – Gm Segel Mem Loan | UMDSegel |
| 5151 | UMD – Ha Stueland Mem Loan Fd | UMDStuelan |
| 5152 | UMD – Ordean Fnd Loan Fund | UMDOrdean |
| 5220 | UMM – Univ Trust Fund Loans-Res | UMMUTFLR |
| 5221 | UMM – Emergency Student Loans | UMMStdEmrg |
| 5222 | UMM – Foreign Student Loan Fund | UMMForStdt |
| 5550 | UMT – Administrative Fund | UMTAdmin |
| 5600 | UMT – UTSL – Nonrefundable | UMTUTSLNon |
| 5950 | UMT – Cosmopolitan Club Loan | UMTCosmo |
| 5951 | UMT – John Junell Stdt Loan | UMTJunell |
| 5952 | UMT – Minnesota Union Loan | UMTMNUnion |
| 5953 | UMT – Fac Womens Club Emerg Loan | UMTWomClEm |
| 5954 | UMT – Charlotte Winchell Em Loan | UMTWinchel |
| 5955 | UMT – Minnesota Alumni Club | UMTMNAlum |
| 5956 | UMT - Joseph Strong Ln Fund | UMTStrong |
| 5957 | UMT - W & M Schmidt Ln Fund | UMTWScmidt |
| 5961 | UMT - Platou Mem Ln Fund | UMTPlatou |
| 5962 | UMT - R & J Phillips Ln Fund | UMTPhillips |
| 5963 | UMT - Nat Distillers Ln Fund | UMTDistiller |
| 5964 | UMT - Bremer Bank Ln Fund | UMTBremer |
| 5965 | UMT - Cen Mesabi Med Ln Fund | UMTMesabi |
| 5966 | UMT - UMD Fam Practice Ln Fund | UMTUMDFam |
| 5967 | UMT - Hartfiel Mem Ln Fund | UMTHartfiel |
| 5968 | UMT - Rosenthal Mem Ln Fund | UMTRosenthal |
| 5969 | UMT - John Harris Ln Fund | UMTHarris |
| 5970 | UMT - D Bernstein Ln Fund | UMTBernstein |
| 5971 | UMT - M & L Wainstock Ln Fund | UMTWainstock |
| 5973 | UMT-Strom Medical School Loan | UMTStrom |
Fund Class: Unrestricted Loans
These are student loans that are not restricted by donors or other outside entities as to the specific purpose for which they may be used.
| Fund | Long Description | Short Description |
|---|---|---|
| 5050 | UMC – Univ Trust Fund Loans Unres | UMCUTFLUR |
| 5180 | UMD – Univ Trust Fund Loan-Unres | UMDUTFLUR |
| 5181 | UMD – Employee Stdt Loan | UMDEmplStd |
| 5182 | UMD – Staff Employee Emrgcy Loan | UMDStafEmr |
| 5183 | UMD - PCL non-Federal | PCLnon-Fed |
| 5250 | UMM – Federal Insured Stdt Loan | UMMFedInsr |
| 5251 | UMM – Univ Trust Fund Loan-Unres | UMMUTFLUR |
| 5972 | UMT – Student Loan Bad Debt | UMTStLnBDb |
4. Fund Group: Investment Pool Funds
Investment Pool Funds are central funds that track investment activity and are primarily used by the University’s Office of Investments and Banking and Accounting Services. Other users of these funds should contact one of these offices for guidance.
Fund Class: Group Income Pool (GIP) Control
Group Income Pool (GIP) represents the financial assets held as long-term reserves by various operating units of the University. These long-term reserves are primarily used to fund expenditures not budgeted to be spent for three years or more. The primary investment objective of GIP is to maximize income while preserving capital balances until such time as the principal is required to fund the intended use.
| Fund | Long Description | Short Description |
|---|---|---|
| 6003 | Group Income Fund | GroupInc |
Fund Class: Consolidated Endowment Fund (CEF) Control
This class is comprised of a pool of endowments from both public and private sources. Endowments have the longest investment timelines. Funds should be invested in CEF when principal appreciation is the main goal and funds will not be expended for a minimum of three years. The accounting for CEF is done on a unitized market value basis. Investments are exposed to market fluctuations and the value of individual endowments is adjusted on a monthly basis.
| Fund | Long Description | Short Description |
|---|---|---|
| 6004 | Consolidated Endowment | ConsEndow |
Fund Class: Temporary Investment Pool (TIP) Control
The Temporary Investment Pool is invested to meet the current obligations of the University. The investment objective for the TIP is to maximize current income while preserving principal and maintaining liquidity. The pool is invested primarily in commercial paper, money market funds, corporate obligations, and U.S. government and agency securities within the credit quality and term constraints of the portfolio. Net activity is reclassified to Current Unrestricted Funds when financial statements are prepared.
| Fund | Long Description | Short Description |
|---|---|---|
| 6007 | TIP Control | TIPControl |
5. Fund Group: Endowment and Similar Funds
Funds received from a donor or other outside entity in an agreement which, as a condition of the gift, generally stipulates that the principal is to be maintained untouched and in perpetuity and invested for the purpose of producing present and future income which may either be expended or added to principal.
Fund Class: Endowments
| Fund | Long Description | Short Description |
|---|---|---|
| 6010 | Restr–Expendable Life Inc | RestExpLif |
| 6030 | Quasi Restricted | QuasiRestr |
| 6040 | Separate Invst Funds–Quasi Res | SIF-QuasiR |
| 6041 | Separat Invst Funds–Quasi UnRes | SIF-QuasUn |
| 6042 | Separat Invst Funds–True Endow | SIF-TrueEn |
| 6043 | Discovery Capital Program | DiscvryCap |
| 6050 | Term Endowments | TermEndow |
| 6090 | Restricted-Expendable True End |
RestExpTrE |
| 6100 | Restr-Nonexpendable True Endow |
RestNExTrE |
| 6110 | Restr-Nonexpendable Life Inc | RestNExLif |
| 6200 | Quasi-Unrestricted | QuasiUnres |
6. Fund Group: Plant Funds
Plant funds are used to record acquisition or construction of physical assets that meet the University’s policy for capitalization, renewal and replacement of such assets, debt service related to University property, and the investment in physical assets, net of accumulated depreciation.
A. Fund Category: Unrestricted Plant funds
These funds are resources that are expendable for any of the following purposes: construction or acquisition of physical properties, renewals and replacements of physical properties, and retirement of indebtedness.
Fund Class: Plant General Operations and Maintenance
Funding made available to the University by the State of Minnesota that is expendable for construction or acquisition of physical properties, renewals and replacements of physical properties, and retirement of indebtedness.
| Fund | Long Description | Short Description |
|---|---|---|
| 7400 | Facilities Ops and Maint |
FacilO&M |
| 7401 | O&M Renewal and Replacement | O&MRenew |
Fund Class: Plant General Obligation Bonds
General obligation debt securities to provide funds for certain approved capital projects and costs of issuance. All general obligation bonds are secured by the full faith and credit of the University and subject to mandatory sinking fund requirements set forth in the prospectuses.
| Fund | Long Description | Short Description |
|---|---|---|
| 7100 | 1996A Gen Obl Bonds |
1996ABond |
| 7101 | 1999A Gen Obl Bonds |
1999ABond |
| 7102 | 2001A Gen Obl Bonds |
2001ABond |
| 7103 | 2001B Gen Obl Bonds |
2001BBond |
| 7104 | 2001C Gen Obl Bonds |
2001CBond |
| 7105 | 2003A Gen Obl Bonds |
2003ABond |
| 7106 | 2004A Gen Obl Bonds |
2004ABond |
| 7111 | 2009C General Obligation Bonds |
2009CGOB |
| 7112 | 2009B Gen Obligtn Taxable Bonds |
2009BGOTB |
| 7113 | 2009D Taxable Gen Oblig Bonds-BAB |
2009DGOB |
| 7114 | 2009 Special Purp Revenu Bonds |
2009SPRB |
| 7115 | 2009A General Obligation Bonds |
2009AGOB |
| 7120 | 2010C General Obligation Bonds |
2010CGOB |
| 7121 | 2010D Gen Oblig Bonds-BAB |
2010DGOB |
| 7123 | 2010B Biomed Gen Oblig Bonds |
2010BBGOB |
| 7124 | 2011A General Obligation Bonds |
2011AGOB |
| 7126 | 2011C Biomed Gen OblTaxableBnd |
2011CBGOTB |
| 7127 | 2011D General Obligation Bonds | 2011DGOB |
| 7128 | 2013A General Obligation Bonds | 2013AGOB |
| 7129 | 2013B General Obligation Bonds | 2013B GOTB |
| 7131 | 2013D Biomed General Obligation Bonds | 2013DBGOB |
| 7132 | 2014A General Obligation Bonds | 2014AGOB |
| 7133 | 2014B ACC Bonds | 2014BACCB |
| 7134 | CP Notes Series E (Taxable) | CPSeriesE |
| 7138 | 2017A Gen Oblig Bonds | 2017AGOB |
| 7139 | 2017B GenObligRefundingBonds | 2017BGORB |
| 7140 | 2017CTaxGenObligRefundingBonds | 2017CTxGOB |
| 7141 | CP Series 2018G | CPSeriesG |
| 7142 | CP Notes Series 2018H | CPSeriesH |
| 7143 | CP Taxable Notes Series 2018I | CPSeries I |
| 7144 | 2019A Gen Oblig Bonds | 2019AGOB |
| 7145 | 2019B GO Refunding Bonds | 2019BGORB |
| 7146 | 2019C Taxable GO Bonds | 2019CGOB |
Fund Class: Plant Auxiliaries
Used by auxiliary units that provide goods and services on a regular and continuing basis primarily to individuals in the University community for replacement of capital equipment, buildings, major capitalizable maintenance and other ‘plant’ purposes.
| Fund | Long Description | Short Description |
|---|---|---|
| 7300 | Plant Funds – Auxiliaries |
PlantAux |
| 7301 | Auxiliary Debt Service | AuxDebtSvc |
Fund Class: Plant Commercial Paper
| Fund | Long Description | Short Description |
|---|---|---|
| 7107 | CP Notes Series A |
CPSeriesA |
| 7109 | CP Notes Series B |
CPSeriesB |
| 7110 | CP Notes Series C |
CPSeriesC |
| 7119 | CP Notes Series 2009D | CPSerie09D |
| 7141 | CPProgram 2018 | CPPrgm2018 |
Fund Class: Special Purpose Debt
| Fund | Long Description | Short Description |
|---|---|---|
| 7108 | 2006 Spec Purp Rev Bonds |
2006SpRvBd |
| 7122 | 2010A Biomed Spec Purp Rev Bnd |
2010ASPRB |
| 7125 | 2011B Biomed Spec Purp Rev Bnd | 2011BSPRB |
| 7130 | 2013C Biomed Spec Purp Rev Bond | 2013CSPRB |
Fund Class: Internal Loans
Funds loaned by the Office of the Treasurer to departments within the University, primarily for capital improvements. The terms and conditions of each loan are disclosed in the loan agreement letter between the department and the Office of the Treasurer.
| Fund | Long Description | Short Description |
|---|---|---|
| 7450 | Internal Loans | IntLoan |
Fund Class: Clean Renewable Energy Bond (CREB)
Clean Renewable Energy Bonds (CREBs) are external bonds issued by the federal government to be used for capital expenditures incurred by qualified owners, including governmental bodies, for one or more qualified renewable energy facilities. The benefit of the CREB program is that public entities receive the bonds at “zero” percent interest. The revenue or cost savings from the renewable electricity systems are utilized to pay off the bonds.
| Fund | Long Description | Short Description |
|---|---|---|
| 7116 | CREB 2d Wind Turbine Generator | CREB2dWind |
| 7117 | CREB 3d Wind Turbine Generator | CREB3dWind |
| 7118 | CREB Facility Improvement Meas | CREBFacil |
Fund Class: Other Plant Unrestricted
Unrestricted plant fund activity that is not more appropriately classified to the other fund groups mentioned in this section. Examples include equipment replacement reserves and the purchase of equipment supporting internal sales activity.
| Fund | Long Description | Short Description |
|---|---|---|
| 7135 | 2015A SpecPurpRevBonds | 2015ASPRB |
| 7136 | 2015B Taxable Gen Oblig Bonds | 2015BGOB |
| 7137 | 2016A Gen Oblig Bonds | 2016AGOB |
| 7200 | Unrest Renewal and Replacement |
UnrestRenew |
| 7201 | Internal Sale Capital Purchase | ISCapital |
| 7202 | Plant Funds – Other | PlantOth |
| 7203 | Plant Funds – Central | PlantCtrl |
B. Fund Category: Restricted Plant Funds
Restricted Plant Funds are resources expendable for construction or acquisition of physical properties, renewals and replacements of physical properties, and retirement of indebtedness, upon which constraints have been imposed by external creditors, grantors, contributors, or governments.
Fund Class: Bond Sinking Funds
Auxiliary bonds secured by the net revenues of the auxiliary activity to which they relate, debt-service subsidy grants provided by the U.S. Department of Housing and Urban Development, and the full faith and credit of the University. Auxiliary bond agreements require minimum mandatory reserves sufficient to cover the principal and interest due in any future fiscal year.
| Fund | Long Description | Short Description |
|---|---|---|
| 7500 | 1972 Facil Bonds A and B – Morris |
1972FacAB |
| 7501 | Dormitory Bonds – Crookston | DormBond |
| 7502 | 1972 Facil Bonds C and D – Morris |
1972FacCD |
| 7503 | 1972 Housing Bond C – Duluth | 1972HsgC |
| 7504 | 1972 Housing Bonds E and F – Dlth |
1972HsgEF |
| 7505 | St Paul Bonds 1973 | 1973StPaul |
| 7506 | 1977 Advance Refund Bonds Como | 1977Como |
| 7507 | 1977 Advance Refund Bonds CMU | 1977CMU |
Fund Class: State Capital Appropriations
Funding made available to the University of Minnesota by legislative acts of the State of Minnesota for capital projects.
| Fund | Long Description | Short Description |
|---|---|---|
| 7600 | State Appropriations 2002 |
2002StAppr |
| 7601 | State Appropriations 2003 |
2003StAppr |
| 7602 | State Appropriations 2006 |
2006StAppr |
| 7603 | State Appropriations 2008 |
2008StAppr |
| 7604 | State Appropriations 2009 |
2009StAppr |
| 7605 | State Appropriations 2010 |
2010StAppr |
| 7606 | State Appropriations 2011 | 2011StAppr |
| 7607 | State Appropriations 2012 | 2012StAppr |
| 7608 | State Appropriations 2014 | 2014StAppr |
| 7609 | State Appropriations 2015 | 2015StAppr |
| 7610 | State Appropriations 2017 | 2017StAppr |
| 7611 | State Appropriations 2018 | 2018StAppr |
Fund Class: Equipment Replacement
Restricted reserves that departments may create for equipment replacement by moving non-recurring resources from current restricted funds to this plant fund. These plant fund reserves may then be used to replace equipment.
| Fund | Long Description | Short Description |
|---|---|---|
| 7700 | Rest Renewal and Replacement | RestrRenew |
Fund Class: Infrastructure Development Bonds
The University’s obligation to pay the state one-third of the debt services of infrastructure development bonds issued by the state for University capital projects.
| Fund | Long Description | Short Description |
|---|---|---|
| 7710 | State Infrastructure Bonds | IDBBonds |
Fund Class: Plant Other State Funds
Funding made available to the University by the State of Minnesota that is restricted to a specific purpose related to construction or acquisition of physical properties, renewals and replacements of physical properties, and retirement of indebtedness.
| Fund | Long Description | Short Description |
|---|---|---|
| 7720 | Lyddon Land Purchase | LyddonLand |
| 7721 | Plant Funds-Other State | PlantState |
Fund Class: Plant Other Restricted
Funding made available to the University of Minnesota by any other source, other than those specifically listed, for capital projects.
| Fund | Long Description | Short Description |
|---|---|---|
| 7730 | Plant Funds-Private Practice | PlantPriv |
| 7731 | Plant Funds-All Other | PlantOther |
Fund Class: Plant Foundation
Funding made available to the University of Minnesota by University related Foundations for capital projects.
| Fund | Long Description | Short Description |
|---|---|---|
| 7740 | Plant Funds-Foundation | PlantFound |
Fund Class: Plant Federal Government
Funding made available to the University of Minnesota by the Federal Government, other than appropriations, for capital projects.
| Fund | Long Description | Short Description |
|---|---|---|
| 7750 | Plant Funds-Federal | PlantFed |
Fund Class: Plant Other Government
Funding made available to the University of Minnesota by Government sources, other than those specifically listed, for capital projects.
| Fund | Long Description | Short Description |
|---|---|---|
| 7760 | Plant Funds-Other Government | PlantGovt |
Fund Class: Plant Business and Industry
Funding made available to the University of Minnesota by Business & Industry groups for capital projects.
| Fund | Long Description | Short Description |
|---|---|---|
| 7770 | Plant Funds-Bus & Industry | PlantBus |
C. Fund Category: Plant Funds Invested in Capital Assets
Plant Funds Invested in Capital Assets represent the value of property, plant, and equipment, net of accumulated depreciation, reduced by the outstanding balances of debt attributable to these capital assets.
Fund Class: Invested in Capital Assets, Net of Related Debt
Fixed assets net of accumulated depreciation, reduced by the outstanding amount of bonds, mortgages, notes, and other borrowings attributable to the acquisition, construction, or improvement of these assets.
| Fund | Long Description | Short Description |
|---|---|---|
| 7000 | Invested in Capital Assets | ICANRD |
7. Fund Group: Agency Funds
Funds held in trust by the University but owned by outside entities that have a close relationship with the University. These funds are held by the University as custodian or fiscal agent for individual students, faculty, staff members, student organizations, and University related Foundations. These funds do not belong to the University but are owned by the group or agency, and thus are not available for University operations.
Fund Class: Agency
| Fund | Long Description | Short Description |
|---|---|---|
| 9000 | Miscellaneous Agencies |
AgencyMisc |
| 9025 | UMC – Outside Financial Aid |
UMCOutFAid |
| 9026 | UMD – Outside Financial Aid |
UMDOutFAid |
| 9027 | UMM – Outside Financial Aid |
UMMOutFAid |
| 9028 | UMR – Outside Financial Aid |
UMROutFAid |
| 9029 | UMT – Outside Financial Aid |
UMTOutFAid |
| 9185 | UMC – Federal Direct Lending | UMCFedDir |
| 9186 | UMD – Federal Direct Lending |
UMDFedDir |
| 9187 | UMM – Federal Direct Lending |
UMMFedDir |
| 9188 | UMR – Federal Direct Lending |
UMRFedDir |
| 9189 | UMT – Federal Direct Lending |
UMTFedDir |
| 9281 | U of M Alumni Association |
UMAlumAgy |
| 9283 | U of M Physicians |
UMPAgy |
| 9284 | 4-H Foundation |
MN4HFdnAgy |
| 9285 | U of Minnesota Foundation |
UMFAgy |
| 9286 | Landscape Arboretum |
ArboretAgy |
| 9288 | MN Medical Foundation |
MMFAgy |
| 9289 | Gateway Corporation | GatewayAgy |
Fund Values
Fund values as of August 22, 2019 (xlsx)
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