OperatingBudgetManual2015

Operating Budget Manual – August 2010

Long Island State Veterans Home – Fund #345-09 The State University of New York Long Island State Veterans Home (LISVH) income fund reimbursable was established as a special revenue fund to allow for organizational and accounting independence for the LISVH. This fund operates and administers the fiscal aspects of the veterans’ home related operational activities. All monies received by the veterans’ home from fees charges and reimbursement and from all other sources shall be credited to the LISVH income fund reimbursable. All expenditures related to veterans’ home operations (personal service, non-personal service and contractual obligations) will be expended through this fund. The Stabilization Fund allows for the carry over of unexpended state operating budget allocation from the previous fiscal year to the current year; it is a two year appropriation. Stabilization allocation is distributed only if it is supported by an equivalent amount of campus cash. Initial stabilization allocations are generally based upon campus requests. Stabilization Fund – Fund #345-31 Restricted Current Fund – Fund #020-64 During 2008-09 and 2009-10, campus specific funds were transferred from the SUNY Restricted Current Fund to the appropriate local campus foundations; therefore, this fund will no longer be used by the University. Any remaining endowment fund expenditures will be from the General IFR. Special Revenue Funds - Federal The SUNY Student Loan Service Center administers the following federal aid programs for the state-operated campuses: Federal Pell Grant Program – Fund#267-BF Pell Grants are awarded to undergraduate students who have not earned a bachelor's or a professional degree. Pell Grants are considered a foundation of federal financial aid, to which aid from other federal and nonfederal sources might be added. The Pell Grant, unlike a loan, does not have to be repaid. The maximum can change each award year depending on federal program funding. The amount awarded to a student is determined by financial need, the costs to attend school based upon enrollment as a full-time or part-time student, and whether the student attends for a full academic year or less.

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