• BUDGET SERVICES FACT SHEET

    Richland County School District One Budget Services – Quick Facts


    Commonly Used Terms

    ORG Code – is based on the unique fund/program/function combination and once established, the unit code is placed in front of this code.

     

    Fund Code – is a segment that consists of three digits to identify the funding source.

     

    Unit Code – is the 3-digits that remains the same and identifies the location (i.e. school or department)

     

    Program Code – is a four-digit number that identifies a specific target program (i.e. Career Education, Adult Education, etc.)

     

    Function Code – describes the activity for which a service or material object is acquired (area of responsibility)

     

    Object Code – describes the type of service or commodity obtained as a result of a specific expenditure (i.e. salaries, supplies and materials)

     

    Project Code – is used to account for the fund and fiscal year (for general fund it will always be 00001)

     

    Journal Voucher – are transactions used to update the general ledger by posting either accruals, reversals, reclassifications, or corrections. 

     

     

     

    Account Code Structure

    Unit                       ORG                       Object                  Project

    3-Digits                  5-Digits                  6-Digits                5-Digits

                   

    Example:             37818804-460000-72010

     

     

     

    Different categories of object codes outlined in MUNIS

     

    • Salaries                      100000


    • Fringe Benefits            200000


    • Purchased Services      300000


    • Supplies and Materials 400000


    • Capital Outlay             500000


    • Other Objects             600000


    • Transfers                   700000