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Chapter 2. Accounting Services

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2.2. Fund Principles

2.2.1. General Fund


Definition

General Fund: A fund maintained to account for those transactions related to academic and instructional programs and their administration. Revenues for the General Fund consist basically of:

  1. The State of Michigan appropriation for general operations.


  2. Student tuition and fees.


  3. Recovery of indirect costs of sponsored programs.


  4. A portion of the income from temporary investment of pooled cash.


  5. Incidental revenue of departments.

History
Adopted: 11/13/2001

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