Create the account whose purpose matches your need and fund type. Correctly creating an account facilitates its management.
The type of state account and the account number itself is determined based on information provided from the department when the account is created.
The first two digits of a state account represent the type of fund and are generally consistent with the below table:
|1st Two Digits||Fund Type
|01, 02, 03||Construction Fund|
|87||Dormitory Income Fund Reimbursable (DIFR)
|90, 91, 94||Income Fund Reimbursable (IFR)|
|96||State University Tuition Reimbursable (SUTRA)
With State Operating accounts, the first two digits often represent the School, College or Vice President area. Below are some examples:
|1st Two Digits
The third and fourth digits of a state account represent the
functional classification or NACUBO (National Association of
College and University Business Officers) code for the
NACUBO sets the functional classification standards for all colleges and universities.
We are committed to following the set industry standards in
account classification and transaction processing. Financial
information is often made available and reported in surveys using
NACUBO code. Also, comparisons among peer institutions are commonly
reported on NACUBO data which is a another reason why this coding
is so important.
The fifth and sixth digits can be used for departmental
designation. Departments may also elect to sub account a main
account using the the seventh and eighth digits of an account. For
accounts not sub accounted the seventh and eighth digits are
A complete listing of the chart of accounts can be found in SIRI on the support tables dashboard.
|Account Type||Account Purpose(s)|
|State Operating Account||
|Income Fund Reimbursable (IFR)||
|Dormitory Income Fund Reimbursable (DIFR)||
|State University Tuition Reimbursable (SUTRA)||
Create a new state account to reorganize or to track allocation and expenditure detail with respect to the NACUBO function classification. State accounts include:
A new subaccount is also considered a new account.
Subaccounts provide units with the opportunity to group expenditures where only one revenue stream exists. Subaccounts must be established at the beginning of the fiscal year. Once the account has been sub accounted, additional subaccounts may be added during the year. When sub accounts are established, the main account is denoted by the sub “00” and may no longer be used to house or post activity. Additional sub accounts are denoted with digits from “01” to “98”.
DIFR accounts are used to administer room rental fees and charges.
DIFR and state accounts are created and operate similarly.
Be sure to include proposed account title, purpose of account,
entity code and unit that the account should be assigned to for
To create an IFR or SUTRA account you will need to determine the following:
To assist in determining needed allocation for an IFR account
you can complete the IFR Summary of Estimated Revenue and Expenses
An account should be re-purposed (title, entity or unit change) or closed if the account no longer serves the purpose it was originally intended for.