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Definitions/Sources of Funds

OPERATIONAL FUNDS

These funds are appropriated by the State Legislature, allocated for the operating budget, and collected from regular-term tuition, matriculation and registration charges.

OTHER UNRESTRICTED FUNDS

These discretionary funds are derived from the operations of the University bookstore, vending machines, and campus food services. Their uses are designated by the University's administration. Rather than being related to a specific project, service or activity, these funds are reserved for discretionary and contingency expenditures of the University.

DESIGNATED FUNDS

These funds are generated by the activities of student organizations and athletic contests.

SELF-GENERATED FUNDS

These funds are generated by and support expenditures for a specific project, service or activity.

EXTENDED LEARNING FUNDS

These funds are generated by and support certain program activities, especially continuing education activities.

UNRESTRICTED GIFT FUNDS

These funds are unrestricted donations generally from the Coastal Educational Foundation or the Chanticleer Athletic Foundation. These funds are reserved for instructional and other equipment.

FUNDS DERIVED FROM OPERATION OF AUXILIARY ENTERPRISES

An auxiliary enterprise, as defined by the National Association of College and University Business Officers (NACUBO), is "an entity that exists to furnish a service to students, faculty or staff, and that charges at a rate directly related, but not necessarily equal, to the cost of the service." Auxiliary enterprises at the University include student housing, campus dining, bookstore, vending and mail services.

RESTRICTED FUNDS
  • Federal: funds from the federal government
  • State: funds from state government
  • County or Local: funds from county or local government
DEFINITIONS FOR SOURCES OF FUNDS
  • Commercial: funds from an organization engaged in commerce or for profit business
  • Philanthropic: gift funds or funds for a donation
  • Other restricted monies including endowment income and restricted scholarships
  • Federal grant cost-share funds solicited from an external non-federal source
LOAN FUNDS

These funds include federal Perkins loan funds derived from the needs-based, low-interest student loan offered by the U.S. Department of Education to help students meet their financial needs for higher education.

PLANT FUNDS

These funds are used for the acquisition, construction, and maintenance of the University's physical plant.

AGENCY FUNDS

These funds are held and disbursed on behalf of an entity other than the University.