Revenue should not be deposited as vendor refunds to expenditure class codes. If the activity is to be established on fund 133 or fund 144, contact the Office of Research and Sponsored Programs for assistance. Interest is not earned on positive balances in the account or charged on deficits. Any deficits in the account must be resolved by the end of the fiscal year with the Dean's office. Accounts receivable are significant and overlap fiscal years.
Revenue is collected in one fiscal year but expenses are paid out in the next.
Expenses are incurred in one fiscal year but revenue is received in the next. The operation involves non-federally funded equipment and the depreciation for that equipment is included in the rates that are charged to users. Fringe benefits are paid by fund 128 accounts. Interest is earned on positive cash balances and charged on deficits. Accounts receivable are significant and overlap fiscal years.