4253 |
COST OF GOODS SOLD - Cost of items purchased for resale (i.e., sweatshirts, tapes, CD’s) |
4321 |
FUNDRAISING EVENT EXPENSES - An event put on solely to raise money for the University (e.g. Golf Tournament, Dinner for which people pay to attend etc.) |
5000 |
ADVERTISING - Newspaper, radio or TV ads for a program or University related event. Does not include job recruitment ads. |
5050 |
SCHOLARSHIP / FELLOWSHIP AWARDS (payable to individual) - Any financial aid given directly to a student. (Most institutions require payment directly to the institution – if in doubt Please verify in advance) |
5053 |
STUDENT AWARDS (payable to individual) – cost of awards given directly to student in recognition of a particular achievement |
5054 |
TRANSFER - SCHOLARSHIP / FELLOWSHIP (payable to USM institution) - Transferring money from your USM Foundation account to a State for payment of a Scholarship/Fellowship. |
5057 |
DIRECT ASSISTANCE - Charitable assistance to individuals (other than scholarship, fellowships, awards, and travel grants) |
5150 |
BUILDING REPAIR & RENOVATION / MAINTENANCE – costs of building repair and maintenance expenses and cost of building/grounds maintenance contracts. Capitalized costs, if applicable, will be transferred to the appropriate fixed asset account by the USM Foundation staff. |
5200 |
U.S. CONFERENCE / SEMINAR - registration fee for attending a conference / seminar within the U.S. |
5201 |
NON-U.S. CONFERENCE / SEMINAR - registration fee for attending a conference / seminar in a foreign country |
5300 |
POSTAGE - Stamps, Federal Express, overnight mail, etc. |
5400 |
DUES / MEMBERSHIPS - Payments to join outside organizations. |
5454 |
CAMPUS SPONSORED CONFERENCE / SEMINAR – Expenses for putting on a conference by the University - either at the University or another location. |
5455 |
CAMPUS SPONSORED CONFERENCE / SEMINAR TRAVEL EXPENSE - Travel expenses for anyone who attended as an invited guest or speaker. |
5458 |
GRANTS TO RELATED ORGANIZATIONS - Grants to other related non-profit 501 (c)(3) organizations |
5459 |
LAB SERVICES / SUPPLIES - Supplies or services used only in a Lab |
5464 |
EDUCATIONAL SUPPLIES - Books & other such resource materials used for classroom activities or research. |
5555 |
EQUIPMENT RENTAL – costs for equipment rental including rental contracts |
5560 |
EQUIPMENT PURCHASE – costs of all equipment purchases. Capitalized purchases will be transferred to the appropriate fixed asset account by the USM Foundation staff. |
5561 |
EQUIPMENT REPAIRS & MAINTENANCE - costs of all equipment repairs and maintenance including maintenance contracts. Capitalized costs, if applicable, will be transferred to the appropriate fixed asset account by the USM Foundation staff. |
5570 |
SOFTWARE – PURCHASE / LEASE / MAINTENANCE – costs for the purchase, lease, or maintenance of computer software including on-going maintenance and lease contracts. Capitalized purchases will be transferred to the appropriate fixed asset account by the USM Foundation staff |
5700 |
LEGAL FEES - Payments to attorneys. |
5750 |
OFFICE SUPPLIES – self explanatory |
5765 |
VISITOR PARKING PERMIT – cost for a guest's parking on campus or an off-site location. This is for visitors only. Parking reimbursements for faculty and staff should be charged to travel. |
5800 |
ROOM / SPACE / OFFICE RENTAL - Payment for use of off-site facilities NOT related to a conference/seminar, meetings, or fundraising events. |
5900 |
PRINTING / REPRODUCTION – All costs related to a printed piece including expenses related to editorial content and design services. Also expenses related to reproduction: i.e., copies of photos, news articles, copies of videos, etc. |
5910 |
BOOKS / PRINTED MATERIAL / SUBSCRIPTIONS - Self-explanatory |
5920 |
MAILING SERVICE - Payment to a company hired to handle large mailing, zip coding, stuffing envelopes, etc. |
5930 |
ROYALTIES – charges for use of trademarked or copyright protected materials not otherwise classified as conference, meeting, research, or fundraising expense |
6000 |
MEETINGS / ENTERTAINING / MEALS - Lunch, dinner etc. with a visitor, guest speaker, potential donor. |
6005 |
CAMPUS EVENT FOR STAFF - Food for a STAFF meeting (i.e., Donuts, pizza, etc., taking STAFF to lunch). |
6010 |
PUBLIC RELATIONS / GIFTS - Flowers, T-shirts, Pins, Trophies, Employee-of-the-Month, etc. or other non-cash tokens of appreciation, condolence, or congratulations to employees, staff, or outside business associates |
6020 |
TICKETS - COMMUNITY EVENTS – costs of COMMUNITY related event (i.e., Art Shows, Musical/Theater Performances, Athletic Contests, Award or Celebratory Dinners or Events, etc.) |
6025 |
LEGISLATIVE LIAISON ACTIVITIES - costs related to lobbying activities |
6030 |
SPONSORSHIPS - Sponsorship of events for public relations/business development purposes. |
6050 |
RECRUITMENT EXPENSE - Taking a job candidate to dinner, lunch, etc. advertising for a job, search firm expenses, etc. |
6052 |
RELOCATION AND LIVING EXPENSES – reimbursement of relocation and temporary living expenses for faculty or staff that are part of a new employment agreement. Do not use for students on fellowships as those should be charged to Fellowship expenses. |
6150 |
HONORARIUM – Payment for speaker or participant at a conference, etc. for one time only. |
6160 |
OUTSIDE CONSULTANT - Payment to an individual or company for a specific or specialized project. |
6170 |
RESEARCH STUDY - Payment to an individual company or organization for performing a contracted study. |
6180 |
TEMPORARY EMPLOYMENT SERVICES (to Agencies) - Payments to an outside agency for temporary employee |
6190 |
PERFORMANCE AWARDS - NON-STUDENT – awards given to faculty or staff |
6200 |
OUTSIDE SERVICES - Payment for contracted services not otherwise classified. |
6250 |
TELEPHONE - Telephone, mobile phone, Fax, teleconferencing charges |
6300 |
USM TRANSFER – OPERATING EXPENSES (NOT Sponsored Program) - Transfer of funds from the USM Foundation account to a State account for operating expenses. |
6310 |
USM TRANSFER – SALARY (NOT Sponsored Program) - Transfer of funds from the USM Foundation account to a State account to pay a salary. |
6320 |
USM TRANSFER – BENEFITS (NOT Sponsored Program) - Transfer of funds from the USM Foundation account to the State account to pay a benefit. |
6350 |
U.S. TRAVEL EXPENSES - Travel expenses within the U.S. including mileage reimbursements, meals, lodging, transportation, etc. |
6355 |
NON-U.S. TRAVEL EXPENSES - Travel expenses outside the U.S. including mileage reimbursements, meals, lodging, transportation, etc. |
Expense Code Definitions Print
Modified on: Tue, Nov 10, 2015 at 4:26 PM
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