Wednesday, June 19, 2013

Account value changes

There will be changes to the University's account values in FY14.






EFS ACCOUNT VALUE CHANGES FOR FY14



The review process for Fund and Account value requests to be implemented
in FY14 is complete and resulted in some changes to the FY14 Chart of
Accounts, which will be effective July 1, 2013.  The details of the changes are as follows:



NEW ACCOUNT VALUES:



   110087 A/R Cash

 • 210106 Accrued Payroll-27th PD

 • 210111 Accrued Frng Benefits-27th PD

 • 700800 Salaries-27th PD Accrl-FinBdg

 • 700801 Salaries-27th Pay Date Accrual

 • 710800 Fringe-27th PD Accrual-FinBdg

 • 710801 Fringe-27th Pay Date Accrual

 • 720328 Non-SPA Publication Costs

 • 720329 Subject Recruitment

 • 850000 Capital Equip - BdgDevOnly

 • 850100 Capital Equip - Fin Bdg Only

 • 850101 Capital Equip Purchases

 • 850102 Capital Equip Purch Clearing

 • 850103 Capital Equip Sale Proceeds

 • 850104 Capital Equip Fabrication Prch

 • 850105 Capital Equip Fab Clearing

 • 850191 Capital Equip Consolid Purch

 • 850194 Capital Equip Consolid Fabrica



DEFINITION CHANGES:



 • 104990 Clearing - Cash on Hand Accts

 • 720304 SPA Publication Costs

 • 720307 Recruitment Advertising



ACCOUNT INACTIVATION:



 • 520504 Non-Rpt PI - Ext Sls Cap Asts



The next revision of the COA Manual (http://www.finsys.umn.edu/coa/coa_b_acct.html)
will include the updates.  Additional information regarding the new
27th pay date accounts and the capital assets accounts can be found in
the Addendum to the FY14 Budget Prep Instructions for Detailed Budget
Entry published by the Budget Office.  The Addendum is also posted on
the Budget Office web site http://www.budget.umn.edu/FY14docs/FY14_Budget-Instructions_Budget-Entry.pdf.