ERIC ED420270: Financial Reporting for Public Institutions pdf

ERIC ED420270: Financial Reporting for Public Institutions

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Description of the Book:

This manual is intended to provide public institutions of higher education in New Mexico with a consistent and uniform system for treating institutional finance data. Part 1 presents accounting principles for fund accounting, restricted and unrestricted funds, accrual accounting, and handling other charges and revenues. Part 2 provides general information and definitions on structure, classification of current fund revenues and expenditures, summary exhibits, current funds, expenditures by object item, the full-time equivalent employee, plant funds, and legislative requests. Part 3 explains budget summary exhibits, including current and plant fund summaries and details of transfers. Part 4 covers various current funds categories: student tuition and fees, governmental appropriations, government grants and contracts, private gifts and contracts, endowment and other income, expenditures for instruction, academic support, student services, institutional support, plant operation and maintenance, research, public service, intercollegiate athletics, and independent operations. Part 5, on plant funds, covers capital outlays, renewals and replacements, and retirement of indebtedness.

The final section explains how to use the information exhibits, such as a summary of current funds revenue by source, a summary of salaries in current funds, proposed salary increases, salaries of principal officers, and investment in plant. Appendices list the specific programs to be included in various categories. (DB

• Creator/s: ERIC
• Date: 12/18/1997
• Year: 1997
• Book Topics/Themes: ERIC Archive, Accounting, Budgeting, Educational Finance, Expenditures, Higher Education, Income, Public Colleges, Recordkeeping, Reports, State Colleges, State Standards, State Universities

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