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Account Reconciliation
In *DEFINE, enter LP6 in the command line then press enter twice. This will pull in all provisional transactions under your current desk/view. You can review/accept each line individually or perform a Full Page Action.
Budget Information
A budget is an essential component of an organization’s financial structure, and budgets serve as financial planning tools for the fiscal year. The budgeting process involves planning, forecasting, implementing, monitoring, and evaluating the financial health of the respective organization. CoLA Finance works with individual departments/units to assess their personnel and operating needs to adjust budget documents in order to appropriate the accurate spend authority on each account at the start of the fiscal year.
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CLASP
The CLASP FileMaker database collects departmental financial data about funds released to the college through faculty leaves and separations, and funds requested for temporary faculty and AIs/ TAs. VPN must be running to access the database if off campus.
Endowment Compliance
Endowed gifts (57-accounts) are those held for long-term investment for the purpose of generating income. The gift and related earnings are restricted by donor criteria. Generally, the principal of the fund is not expendable. Upon creation of the 57-account, a 30-account is linked to the 57-account to receive investment payout. VIP compliance training is required to maintain continuing access the information.
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