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Fund 849

Fund Reference Manual

849-Institutions of Higher Education - Student Loan Account

Account Code:
849
Account Title:
Institutions of Higher Education - Student Loan Account
Admin Agency:
Locally by each agency - LCL0
Fund Type:
BA - Special Revenue Funds
Rollup Fund:
BG - Higher Education Fund
Cash Type:
3 - Local Fund
SAAM Budget Type:
Nonappropriated/Nonallotted (N)
Interest Earning Authority:
N/A
Authority:
Closing GL Code:
9310
Description:
This fund consists of gifts, the proceeds of which are loaned to students in accordance with donors’ instructions. The income from endowment principal established to support student loans is also deposited and accounted for in this fund.
Sources of Revenue:
Charges and Miscellaneous Revenue, Other Miscellaneous Revenue, Interest Earnings
Clientele:
Students of colleges and universities
Effective Date:
Inactive Date:
Public Notes: