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What is the role of our auxiliary funds?聽
Auxiliaries (fund 2x鈥檚) are those funds that account for units and activities that generate their own revenue. This can include large operations, such as Housing & Dining Services and Athletics, as well as smaller-scale activities such as t-shirt sales and conferences. Some units primarily use auxiliary funds, while others may only have only a few auxiliary SpeedTypes in their organization.聽
Types of Auxiliary Funds
Recording Revenue in a Fund 2x
Recording revenue in a fund 2x is dependent on the exact fund type and expense purpose code (EPC) of the SpeedType. Please refer to the聽revenue account codes chart聽which helps delineate what revenue to use.
If you do not know your EPC, you can look it up in PS Finance under CU SpeedTypes: Once you have pulled up the specific SpeedType, click on the third tab (Org/Program/Project Attributes) and you will find the EPC in the Program/Project Attributes box. A definition of聽聽can be found on the Office of University Controller's聽website.
Reports for a Fund 2x
As with other funds, CU-Data reports such as a SpeedType Summary or Operating Summary are good for showing available balances, and the Financial Detail II is good for showing transactional data. A Revenue and Expenditure Summary will also give you a good higher-level overview of activity for a set timeframe.
Any questions about auxiliary SpeedTypes can be directed to your聽campus accountant.