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843 Exceptional Faculty Awards Endowment Account

Account code: 843
Account title: Exceptional Faculty Awards Endowment Account
Administering agency: LCL0 - Locally by each agency
Fund type: EA - Permanent Funds
Roll-up fund: EA - Higher Ed Endowment & Other Perm Funds
Cash type: 3 - Local Fund
SAAM budget type: Nonappropriated/Nonallotted (N)
Interest earning authority:
Authority: RCW 28B.50.839
Closing GL Code: 9230
Description: The proceeds form the endowment fund shall be used to pay expenses for faculty awards, which may include in-service training, temporary substitute or replacement costs directly associated with faculty development programs, conferences, travel, publication and dissemination of exemplary projects; to supplement the salary of the holder or holders of a faculty award; or to pay expenses associated with the holder’s program area. Funds from this program shall not be used to supplant existing faculty development funds.
Sources of revenue: Private Donations, Charges and Miscellaneous Revenue, Interest Earnings
Clientele: Community and technical college faculty
Effective date: 7/1/1990
Inactive date:
Notes: