2.2.4 Custodial Funds

(Last Modified on August 9, 2019)

60000 CUSTODIAL-FUNDS HELD FOR INDIVIDUALS, GROUPS AND ORGANIZATIONS

An accounting entity that contains funds received and administered for others. Disposition of these funds are in accord with designations and instructions of the entity for which the institution is serving as agent.

61000 CUSTODIAL-DESIGNATED SCHOLARSHIPS

An accounting entity that contains funds for designated scholarships. These funds are primarily provided by entities other than the institution, and the institution does not make the determination of who receives the scholarship.

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2.2.5 Payroll

(Last Modified on May 5, 2020)

62000 PAYROLL OPERATIONS

An accounting entity that contains funds resulting from the accounting for payroll deductions and/or payroll matching funds.

63000 PAYROLL OPERATIONS (One HCM)

An accounting entity that contains funds resulting from the accounting for payroll deductions and/or payroll matching funds.

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