• Q: What is the difference between the terms "budget", "funding", and "spending authority"?

    The terms are interchangeable.  Because the term “funding” may be confused with “fund” in higher education accounting, the terms “budget” or “spending authority” are preferred (see “What is a chart string?” for clarification on the term “Fund”).  The budget or spending authority identifies the maximum amount of resources that may be used for a category or type of expenditure (personnel, travel, supplies, etc.) within a specific time period.  Spending authority is further segregated by source of funds (state, tuition, fees, etc.)

  • Q: What is a chart string?

    The Chart String is the coding structure used for charging expenditures or depositing revenue in the PeopleSoft Financial system. It is used for actual accounting transactions as well as budgeting.  It consists of the following:

    Fund Code – 5 digit code identifying the source of funding for the transaction.

    重庆欢乐生肖官方网址Department ID – 7 digit code identifying an operating unit or cost center within the institution. Department ID’s begin with specific numbers to represent the funds in which financial transactions occur. Please refer to the table below for more details. 

    Program Code – 5 digit code identifying the purpose (functional activity) for which spending occurs. This is also referred to as the Function Code by the Board of Regents.

    重庆欢乐生肖官方网址Class Code – 5 digit code which further defines the fund code by identifying a specific source of income, either provided or generated.

    重庆欢乐生肖官方网址Project ID – used for identifying transactions funded by a grant, gift or capital project in either sponsored or general operations.

    重庆欢乐生肖官方网址Position # – 8 digit code used to for budgeting personnel funds and describing attributes of the employee type.

    In addition to the chart string information above, every document requesting payment of an invoice, ordering an item, or depositing money must also include the account code identifying the type of expenditure or revenue. See “Where can I find chart string information?” for the detailed list of codes.

    Department ID Coding Structure
    Beginning Number Code Expenditure Type Associated Fund Code
    1 General Institution 10xxx, 13000, 14000, 15000, & 16000
    5 Auxiliary 12xxx
    6 Capital Projects 50000
    9 Student Activity 13000
    99 General Facilities 10xxx

    Department ID Coding Structure

    • Beginning Number Code: 1
      Expenditure Type: General Institution
      Associated Fund Code: 10xxx, 13000, 14000, 15000, & 16000

    • Beginning Number Code: 5
      Expenditure Type: Auxiliary
      Associated Fund Code: 12xxx

    • Beginning Number Code: 6
      Expenditure Type: Capital Projects
      Associated Fund Code: 50000

    • Beginning Number Code: 9
      Expenditure Type: Student Activity
      Associated Fund Code: 13000

    • Beginning Number Code: 99
      Expenditure Type: General Facilities
      Associated Fund Code: 10xxx

  • Q: Where can I find chart string information?

    The full list of Fund Codes may be found on the Board of Regent’s website at:

    The full list of Account Codes may be found on the Controller’s website at: http://bangrenbanshi.com/administration/business-and-finance/controller/account-and-fund-codes.php

    The full list of Department IDs may be found on Budget Services website at: http://bangrenbanshi.com/administration/business-and-finance/budget/department-chart-strings.php

    重庆欢乐生肖官方网址The full list of Program Codes may be found on the Board of Regents website at:

    重庆欢乐生肖官方网址The full list of Class Codes may be found on the Board of Regents website at:

  • Q: How do I find out how much money is in my budget

    Budget reports within the PeopleSoft Financials system are used to show the current status of a budget, including the funds available and transactions that have occurred.

    The easiest way to see your current budget is by using the Budgets Overview screen in PeopleSoft Financials. You can find detailed instructions on the "Budget Management Tools" section of our website: http://bangrenbanshi.com/administration/business-and-finance/budget/budget-management-tools.php

  • Q: What is a Budget Amendment and when do I need to complete one?

    重庆欢乐生肖官方网址A budget amendment is used for making changes to your approved spending amount and revenue estimates, either permanently or temporarily.

    You need to complete a budget amendment whenever you need to:

    • Transfer spending authority from one account code to another such as from travel to operating expenses OR from one personal service line to another (e.g. full-time faculty to part-time faculty).
    • Change spending authority for a position due to a new hire or reclassification.
    • Change spending authority to recognize a change in revenue earned.
    • When you want to create or inactivate a position.
  • Q: Where do I find the budget amendment form?

    Budget Amendment Forms may be found on the “Forms” section of the Budget Services website at: http://bangrenbanshi.com/administration/business-and-finance/budget/budget-forms.php

    重庆欢乐生肖官方网址Instructions for completing form are found at the same location.

  • Q: What do I do if I need to increase the total spending authority for my budget?

    Spending authority is set at the beginning of each year during the budget development process. If additional spending authority is needed, please contact your immediate supervisor or your college or divisional budget manager.

    重庆欢乐生肖官方网址Please note that spending authority can be reduced by college/divisional budget managers or by Budget Services based on revenue collections.

  • Q: Who do I call if I need help reconciling my budget?

    If you have not attended the Budget Reconciliation training class, sign up for an instructor-led training at Develop West using this link: http://bangrenbanshi.com/administration/business-and-finance/cbe/developwest.php.

    重庆欢乐生肖官方网址If you’ve attended training and are running into a difficult issue, please contact your college or divisional budget manager or call Budget Services at ext. 9-6406.

  • Q: What if something was charged incorrectly to my budget?

    Please process an expenditure transfer moving the charge out of your budget or moving the charge to the correct chart string within your budget.  You may find the form on the Controller’s website at:  http://bangrenbanshi.com/controller/.

    If you have additional questions, please contact the Controller’s Office at extension 9-6390.

  • Q: Can I move money from one fund code to another?

    重庆欢乐生肖官方网址No, you cannot transfer money from one fund code to another.  For additional information, please contact your college or division budget manager.

  • Q: How do I spend additional revenue?

    Budgeted revenues need to equal budgeted expenditures in order for both revenue and expenditure ledgers of the budget to match. If additional revenue is earned, a budget amendment should be submitted to increase the spending authority, which balances the ledgers by fund.  Please review the Budget Amendment instructions on our website at: http://bangrenbanshi.com/administration/business-and-finance/budget/budget-forms.php

  • Q: When can I get access to my miscellaneous fee (fund 10600) or Departmental Sales & Service (fund 14000) money?

    In the initial budget some spending authority will be provided based on past revenue collections. If this is a new fee, there will likely not be any spending authority approved before revenue is earned.

    Three times a year (October, March, and May) Budget Services will update spending authority in fund 10600 and 14000 based on earned revenue.  A department may request an increase in spending authority anytime during the year when more revenue is earned than what is currently budgeted.  Please review the budget amendment instructions for documentation required.  The instructions may be found at: http://bangrenbanshi.com/administration/business-and-finance/budget/budget-forms.php

  • Q: How do I verify revenue earned for my department?

    Run a Revenue Summary Report in PeopleSoft Financials OR look at the REVEST ledger or DETAIL ledger on the Budget Overview screen.  Please refer to the "Budget Management Tools" section of Budget Services website for instructions on running these reports: http://bangrenbanshi.com/administration/business-and-finance/budget/budget-management-tools.php

  • Q: How do I change the “authorized approver” for a department?

    The form to change the authorized approver is found on the Controller’s website at:
    http://bangrenbanshi.com/administration/business-and-finance/controller/forms.php

  • Q: How can I access balances remaining from last year to spend this year?

    重庆欢乐生肖官方网址Any unspent balances remaining from prior years need to be confirmed by the Controller’s Office. Only balances in funds 12xxx, 13000, 14000, 15000, and 16000 may be carried forward from one year to the next.

    Once the balance has been confirmed you will need to submit a budget amendment increasing both the budgeted revenue and the budgeted expenditures.  Please be sure to include documentation that the balance is approved by the Controller’s Office.

  • Q: How do I request a new department ID?

    To set up a new department (budget) in PeopleSoft, please complete the new department request form on Budget Services website at: http://bangrenbanshi.com/administration/business-and-finance/budget/budget-forms.php

    重庆欢乐生肖官方网址Here you will also find the set of instructions for completing the form.