General Accounting at Colby

Colby's Accounting Structure is as follows

Funds

01 Unrestricted Current Fund - Most Operating activity
02

Restricted Current Fund - Expenses from restricted gifts, grants and endowed funds

03 Loan Fund - Perkins loans, Colbyloans and endowded loan funds
04 Endowment and Similar funds
05 Plant Fund
06 Agency Fund - Colby acts as fiscal agent for other group/organization
07 Charitable Remainder Trusts
08 Pooled Income Fund A
09 Pooled Income Fund B
11 Lead Trust Fund & Outside Trusts


 
 

Each department has a set operating budget each fiscal year.  It is the Chair of the department's responsibility to maintain the operating budget and stay within the dollars given.

If you have any questions or corrections, Please contact Lynn Bickford.