Page Comparison

Ledger: the highest level of the fund structure hierarchy. Ledgers represent campus and funding source (as defined by library business offices). They combine a large number of summary funds and allocated funds under a single umbrella.  Ledgers have been created for each tub. 

Summary Fund: the middle level(s) of the fund structure hierarchy. There are two levels of Summary funds: Parent (org) and Child (activity.subactivity). Summary funds exist purely for reporting purposes. They do not have money allocated to them and cannot be used to place orders or pay invoices.

Allocated fund: the lowest level of the fund structure hierarchy. Allocated funds have dollars allocated to them, can have orders placed against them, and can be used to pay invoices. Allocated funds may be dedicated to a specific subject area and purchase type, or to a specific endowment or foundation fund.