Budget Development

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FUND I, GENERAL FUND
A fund that includes all of the activities directly associated with carrying out those operations related to the  Collegeís basic educational objectives.

FUND II, INTERNAL SERVICE FUND
A fund for departments that exist primarily to provide goods or services to other instructional or administrative units of the College.

FUND III, DEBT SERVICE FUND
A fund used to account for the accumulation of resources for, and the payment of, general long-term debt, principal and interest.

FUND IV, CAPITAL PROJECTS FUND
A fund used to account for funds used for acquisition of land, new construction, major remodeling projects, and major equipment purchases.

FUND V, FINANCIAL AID FUND
A fund established for the provision of grants, stipends, or other aid to enrolled students.

FUND VI, ENTERPRISE FUND
A fund established for departments that exist to furnish goods or services to students, staff, or other departments for which charges or fees are assessed that are directly related to the cost of the service provided.

FUND VIII, SPECIAL REVENUE FUND
fund used to account for the proceeds of specific revenue sources that are legally restricted for expenditures for specific purposes.

FUND IX, SPECIAL REVENUE FUND-ADMIN RESTRICTED
A fund used to account for specific programs where funds are administratively restricted. Activities recorded in this fund generate revenue primarily through specifically assessed tuition and fees or through other revenue-generating activities.

FUND X, ENDOWMENT FUND
A trust fund which may receive gifts or bequests for the benefit of the College.