PPT Slide

Key Concepts -- Terms

Funds Management

Fund

Describes an unique source.

e.g. Operating, Ancillaries, Trusts, Research, Capital

Fund Center (FC)Describes an operational area of responsibility within an organization (Reporting structure)

e.g. Department of English

Commitment Item (CI)

Describes a budget category, e.g. Salaries

FM Triple: Fund & FC & CI

Holds & Controls Budget

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