FOAPAL CROSSWALK
The primary purpose of fund accounting is to segregate financial information. This is accomplished by accounting for financial transactions related to specific activities or objectives within separate funds.
FOAPAL is an Ellucian Product term to describe the accounting structure outlined within the California Community College Chancellor’s Office’s Budget & Accounting Manaul (BAM).
Fund – Organization – Account – Program – Activity – Location
West Kern Community College District only uses the first 4 sections of the Ellucian FOAPAL code to record the District’s financial transactions:
FUND – ORGANIZATION – ACCOUNT/OBJECT – PROGRAM
Code Definitions
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FUND |
A funds group consists of individual funds used to report sources and uses of resources in providing some major service or group of services. In general, funds of a similar nature and function should be assigned to the same funds group. Funds can be unrestricted funds and restricted funds and the type of fund is determined by the source of funding. |
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ORGANIZATION |
Structure based on the District’s organizational chart and identifies the department responsible for the fund. |
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ACCOUNT/OBJECT: |
A systematic classification scheme for describing transactions. |
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PROGRAM |
The numeric designation for group activities, operations or other units directed to attaining specific purposes or objectives. Enables the institution to establish a method of classifying transactions across organizations and accounts. |