FSURF contract and grant activity will use existing University department IDs. No new department IDs will need to be created to record these funds.
FSURF contract and grant activity will continue to be recorded using the existing Fund Code 545. Historically Fund 545 has been used to record only the salary activity of the Research Foundation projects. As of July 1, 2020, all revenue and expense transactions for external contracts and grants will be recorded in Fund 545.
A new Fund Code, Fund 544, was established for all internal FSURF activity. This new fund will include activity for PI support accounts, departmental indirect cost accounts, royalties, GAP accounts, etc.
- Fund Code – 545, external contract and grant activity
- Fund Code – 544, internal contract and grant activity