The base budget normally includes salaries and wages, associated employee benefits and operating expenses for permanent faculty and staff. One of the three types of cost objects currently used in the SAP system. Cost centers are centrally allocated funds, budgeted on the fiscal year. Fund and Cost Object are interchangeable terms for an MIT account. Cost centers are budgeted on the fiscal year.
Internal orders are non-sponsored fund accounts used to keep track of a particular activity.
If the account is a non-sponsored fund account it will be an internal order. These cost objects are used to track expenses for a particular activity and are not tied to the fiscal year. Some of these cost objects receive interest income. General operating fund centers are identified by the prefix GO- in their names. Not all DLCs have GNO fund centers.