Alumni Class Dues |
Income |
4345 |
Class Dues received via AA&D gift feed. USE LIMITED TO AA&D. |
Distribution of Gift Funds |
Income |
4349 |
For distribution of gift funds from original account receiving the gift to other accounts that will be used to manage expenditures. The accounts receiving the gift distributions MUST be used for the same purpose and have the same subfund - can only distribute from RGGIFT to another RGGIFT (for TR gifts), or from GNDEPT to another GNDEPT (for UR gifts). This code can only be used on a Transfer of Funds edoc, and must always net to zero. Edoc explanation must reference the original gift account (which has the donor restriction documentation). |
Revenue - Fees/Dues |
Income |
4075 |
Misc. Fee income other than fees for conference registration. Use: Any fees collected for Campus to Campus cancellation fees, membership fees/dues, etc. Use not limited |
Transfer In-from Capital Reserve |
Income |
7041 |
Used in the capital project (PLCIP) account receiving funds from a Capital Reserve (RVCAPT) account. |
Budget-Use of Fund Balance |
Income |
3050 |
Budget use only. Amount used in the current year from the fund balance (beginning balance). |
Accrued Expenses |
Liability |
2010 |
Accrued expenses are expenses that have been incurred but are not yet invoiced. Therefore they will not appear on the financial statements unless an adjusting entry is entered prior to month end. Use: Used to properly record expenses within an accounting period. |
External Organization Activities |
Liability |
2005 |
This object code is used to represent external orgs (EO) funds held by Cornell. These funds are not owned or controlled by Cornell. Use: Student organizations, tax exempt orgs with 501 (c)(3) status. i.e. enhance the student learning experience or promote research activities at Cornell. |
Accounts Payable Other |
Liability |
2020 |
A current liability representing money owed by Cornell to outside sources. Anything not recorded on object code 2000. Use: Fringe Benefits (pension, insurances) |
Liabilities - Tax |
Liability |
2025 |
To record sales tax liabilities Use: Record sales tax collected on the sale of goods. |
Internal Loan Payable - Capital |
Liability |
2030 |
Liability related to internal department loans, capital projects. Use: Restricted for DFS Use Only |
Operating Loan Payable |
Liability |
2032 |
Liability related to internal operating loans. Use: Restricted for DFS Use Only |
Non Resident Alien Fed Tax Withholding |
Liability |
2045 |
Payroll tax withholding Use: Payroll tax withholding for non resident aliens. |
Retainage - Liability |
Liability |
2070 |
FACILITIES and DFS USE ONLY. A portion of the agreed upon contract price deliberately withheld until the work is substantially complete to assure that contractor or subcontractor will satisfy its obligations and complete a construction project. |
Notes Payable - Non-Debt |
Liability |
2100 |
Use: Limited to the Division of Financial Affairs. |
Bonds Payable |
Liability |
2110 |
To record liability related to External Bond Debt - Financial Statements Bonds and Notes Payable Use: External Bond Debt Only |
SHP IBNR |
Liability |
2218 |
Use to record claims incurred but not yet reported for student health plan use only |
Liabilities - External-Other Debt |
Liability |
2130 |
To record liability related to other miscellaneous debt on the Bonds and Notes Payable Financial Statements Use: Bonds and Notes Payable Debt Only |
Deferred Comp |
Liability |
2220 |
Earned income that is payable at a later date and taxed at some point in the future. Use: Retirement plans, pension plans and stock-option plans. |
Bond Premium |
Liability |
2140 |
Deferment of Bond Premium costs over the life of the debt. The expense is amortized monthly. Used to Record deferment of Bond Premium related to External bond Debt. |
Deferred Benefits - LTIP Invest Earnings |
Liability |
2226 |
LTIP monthly investment earnings for Deferred Benefits accounts. Restricted for DFS use only. |