Budget Services Fact Sheet

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