Operating Funds
Ledger 1 - Educational and General Funds -
Funds for administration, institutional
expense, instruction and departmental
research, physical plant operation,
libraries, and other items relating to
instruction. Most state appropriations are
accounted for in this fund. These consist of
our General Revenue Appropriations that are
retained in the State Treasury in Austin
that the university expends against. There
are certain funds in this group that are
collected locally, such as tuition and
indirect cost that the university collects
locally, but is required to deposit in the
State Treasury that the university expends
against.
Ledger 2 - Designated Funds - Funds arising
from sources that have been internally
designated by management and approved by the
Board of Regents to be used for special
purposes. The funds are collected locally
and deposited in University of Houston bank
accounts. This includes designated tuition
and investment income, which are available
to the President for central allocation.
These funds are also composed of student lab
and course fees, whose rate and use is
determined by the colleges.
Ledger 3 - Auxiliary Enterprises Funds -
Funds for activities that furnish services
to students, faculty, or staff for which
charges are made that are directly related
to the cost of service, such as residence
halls, intercollegiate athletics, and food
services.
Restricted Funds
Ledger 4 – Scholarship and fellowship funds,
primarily gifts and endowments. Use
restricted by donor or other outside entity.
Ledger 5 – Contract and grant funds,
primarily research, managed by the Office of
Contracts and Grants.
Ledger 6 – Endowment funds. The principal of
the endowment is recorded in this fund.
principal of the endowment can only be spent
on or after a pre-determined date or period
of time, or the occurrence of a specified
event.
Capital Projects
(Ledger 7)
Capital projects, which are a portion of the
Plant Fund group, are used for construction,
rehabilitation, and acquisition of physical
properties for institutional purposes. In
addition, the PeopleSoft administrative
systems project is included within these
funds at System Administration.
HEAF (Ledger 1 for capital equipment,
library books and materials and Ledger 7 for
capital projects)
(Higher Education Assistance Funds)
Permanent capital funding appropriation
provided under Article VII, Section 17 of
the Texas Constitution for Texas
institutions of higher education beginning
September 1, 1985.
HEAF may be used
for the following purposes:
· Acquisition of land, with or without
permanent improvements.
· Construction and equipping of buildings or
other permanent improvements.
· Major repair or rehabilitation of
buildings or other permanent improvements.
· Acquisition of capital equipment, library
books, and library materials.
