Oregon University System

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OUS

 

Account Code for Recording Institutional Contributed Capital

OSU has requested the ability to separately track institutional contributed capital from earned capital. Contributed capital results from institutional funding of an institutional financial entity (such as a service center). The institutional contributed capital account code identifies institutionally-provided start-up funds, and additional institutionally-provided contributed capital such as year end funding to eliminate a negative fund balance.

The account code would be used in circumstances where institutions need to know how much of an ending fund balance is contributed capital and how much is earned capital. A typical example might be an internal service center.

Use of the institutional contributed capital account code is optional. The institutional contributed capital account code is populated by a reclassification of the D0010 Fund Balance account code.

Currently UO has account code "D0110 - Inst Contributed Capital Reserve;" however, the UO account code is not baseline and other institutions have used account code D0110 for other purposes. This new account code for institutional contributed capital would replace account code D0110 at UO.

After some consideration, the following proposal was derived and is being presented for review and approval.

Type

Account

Description

Data Entry

Inc Type

Asset Acct

Accum Depr

Depr Exp

Norm Bal

Eff Date

40

 

Fund Balance

 

 

 

 

 

 

01-JUL-1993

41

 

Fund Balance

 

 

 

 

 

 

01-JUL-1993

 

D0000

Fund Balance

N

 

 

 

 

C

01-JUL-1993

 

D0010

Fund Balance

Y

 

 

 

 

C

01-JUL-1993

 

D0050

Inst. Contributed Capital

Y

 

 

 

 

C

01-JUL-2007

 

D0100

Reserves

N

 

 

 

 

C

01-JUL-1993

 The intended effective date of implementation would be July 1, 2007.

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Last Updated: 06/04/07