FOAPAL -  Fund Organization Account Program Activity Location

FUND

 Identifies a set of self-balancing accounts and identifies hierarchical ownership by Cost Center.

Fund Hierarchy Report

Example:

General Operating

Income Accounts

Grants and Contracts 

ORGANIZATION

Identifies a unit of Budgetary responsibility within an Institution. It defines “who” spends the money. The organization unit responsible for financial activity within the fund or grant code. “Org” is your department, hierarchical by Cost Center.

Organization Hierarchy Report

Example:

General Operating

Income Accounts

Grants and Contracts 

ACCOUNT

This code identifies objects, such as the general ledger accounts and operating ledger accounts. For example Income, Expenditures and Transfers.  Classifies revenues and expenditures by type and spending categories. Revenue account codes are codes for the types of revenue received, such as tuition or auxiliary sales revenue. Expenditure account codes are codes for the types of expenditure, such as salaries or supplies.

Account Hierarcy Report

Example:

General Operating

Income Accounts

Grants and Contracts 

PROGRAM 

Identifies a function and enables the institution to establish a method of classifying transactions across organizations and accounts. The major purpose of expenditures. Program codes accumulate expenditure information into major categories such as instruction, research, and academic support.

Program Hierarchy Report

Example:

General Operating

Income Accounts

Grants and Contracts 

ACTIVITY

Is used to further define an object of expenditure Information for a specific event or major activity. Activity codes are assigned to transactions that are funded or shared by more than one organization.

Not all FOAPALs have an Activity.

 

Will be used as needed 

LOCATION

Is primarily used by the Fixed Asset Module The physical location of an asset being purchased.  

Not all FOAPALs have a location.

 

Will be used as needed