This can be confusing to newcomers at the University. The following is an attempt to familiarize you with some of the most pervasive jargon. What it Means 101 funds State funds that are the general funds each department receives to carry on its business. In other words, a faculty member can receive support for only 8 months over the 9 months available during the three summers. 88-1 Form that allows for an account number to be set up in advance of a federal award being made, but after notification that an award has been approved.
Activity codes The codes that tell the accounting system what the basic function of an activity is.
FastLane National Science Foundation's electronic research administration project. FDP F ederal D emonstration P roject. As a member of the FDP, the University has been given certain rights by federal granting agencies. These include, for instance, the right to rebudget grant funds and the right to extend the end date of a project by 12 months. There are several specific types of fund accounts used at the University.