Managing Accounts

Accounts are used to track revenue and expenditure activity. State, Research Foundation and mgm casino Foundation each have a unique Chart of Accounts. Consider the funding source, trial balance, account purpose (NACmgm casinoO) and if a reserve account is needed when creating and managing your accounts.

A complete listing of the chart of accounts can be found on the support tables dashboard in SIRI.

Creating an account

Modifying an account

Closing an account

Account Types

The university has three primary funding sources: State, Research Foundation and mgm casino Foundation. There are different types of accounts within these funding sources.

State Research Foundation mgm casino Foundation

There are different types of mgm casino Foundation accounts available depending on the business purpose, outlined in the mgm casino Foundation Account Types chart.

mgm casino Foundation Account Types
Trial Balance	Funding	Account Purpose
mgm casinoF – Spendable	Cash	Supports and promotes mgm casino activities and programs. mgm casinoF spendable accounts are funded primarily from donor gifts and service revenues and may have specific usage restrictions depending on the source of funds.
mgm casinoF – Endowment	Cash	Earns and grows a return on investment of the donations made to the account. Funds are intended to be held in perpetuity and cannot be "spent." A percentage of the return transfers to the matching spendable account for university use including student scholarships and awards. For additional information about Endowments, refer to the Endowments or Annual (Term) Funds information in the Naming Opportunities Guidelines.