Kuali Financial System KFS Contracts & Grants University of California, Irvine Accounting Systems University of California, Irvine 2012. All Rights Reserved Kuali Financial System Agenda Award Doc Chart of Accounts Cost Share University of California, Irvine 2012. All Rights Reserved Kuali Financial System Award Doc Basic information on an Award Fed from SPA database Not a replacement for e-Synopsis Used for creating KFS accounts for C&G University of California, Irvine 2012. All Rights Reserved Kuali Financial System COA – Chart of Accounts The basis for recording, organizing, and reporting of financial information in KFS The elements are required for transactions and will appear on reports COA Elements Account Organization Sub Fund Group Code Higher Education Code Object Code University of California, Irvine 2012. All Rights Reserved Kuali Financial System KFS Transaction Where (Funding Source) – Sub Fund Group Code Who – Organization What – Object Code/Description Why – Higher Education Code When – Date How (much) – Amount University of California, Irvine 2012. All Rights Reserved Kuali Financial System What is an Account? KFS Account is a seven digit code UCI receives money, commonly referred to as “funding” from a wide variety of sources State of California Student Fees Contracts and Grants Gifts and Endowments Self-Supporting Activities KFS Account is a unique accounting entity that has its own Assets, Liabilities, Income and Expense University of California, Irvine 2012. All Rights Reserved Kuali Financial System Major Fund Group Types at UCI Sub Fund Group Code PLXXXX Description LNXXXX GENXXX SFXXXX Loan Funds State Funds Student Fees FEXXXX PRXXXX SSXXXX Federal Contracts and Grants Private Gifts/Grants/Contracts Self Supporting Activities Plant Funds University of California, Irvine 2012. All Rights Reserved Kuali Financial System What is an Object Code? What the Money was used for? KFS Object Code is 4 a digit number Classifies transactions in KFS KFS Object Codes 09XX = Revenue 1XXX-9XXX= Expense University of California, Irvine 2012. All Rights Reserved Kuali Financial System Expenditure Object Codes Expenditure Object Codes are categorized by Object Level Consolidation Description Object Code Level Consolidation Academic Salaries 10XX SWAC SWG0 Staff Salaries 11XX SWST SWG1 General Assistance 12XX SGEN SWG2 Benefits 16XX BENF BENE Supplies 8XXX SUPP GNEX Travel 83XX TRAV TRVL Equipment 9XXX EQUP EQIP Overhead - ICR 38XX INDC OVHD University of California, Irvine 2012. All Rights Reserved Kuali Financial System Higher Education Function Code FS Function Code KFS HEFC Description 40 INST Instruction 41 SUMM Summer Session 42 TEHS Teaching Hospitals 43 ACAD Academic Support 44-59 RESR Research 60 LIBR Academic Support: Libraries 61 UNEX Instruction: University Extension 62 PBSV Public Service 64 MOPP Maintenance & Operation of Physical Plant 66 GADM Institutional Support: General Administration 68 STSR Student Services 72 INST Institutional Support 76 AUXE Auxiliary Enterprises 77 UNFI Financial Aid 78 GRFI Graduate Financial aid 79 POST Post Doc Financial aid 80 PROV Provision for Allocations University of California, Irvine 2012. All Rights Reserved Kuali Financial System KFS Cost Share The Kuali Financial System supports cost sharing with the use of special Sub-accounts. CS – Cost share EX – Expense Sub Account School Dept Project B Project A Account A Sub Account (EX) Sub-Account (CS) University of California, Irvine 2012. All Rights Reserved Account B Sub-Account (EX) Sub-Account (CS) Kuali Financial System KFS Cost Share The appropriate sub-account type, Cost Share, is linked from the C&G KFS Account to the cost sharing account. When a purchase is made that will be classified as a cost share, the cost share sub-account on the C&G KFS Account is used on transaction line. University of California, Irvine 2012. All Rights Reserved Kuali Financial System KFS Cost Share Transaction Example University of California, Irvine 2012. All Rights Reserved Kuali Financial System KFS Cost Share - Phase I Payroll portion of Cost Share will be done using the current Cost Share System Supplies and Expenses will be processed through KFS Cost Share The Current Cost Share System reporting will be available and will combine both Current and KFS Cost share Information University of California, Irvine 2012. All Rights Reserved Kuali Financial System KFS Cost Share - Phase II UC Path is scheduled to go live October 2014 KFS Labor Ledger will be implemented All the Cost Share will be processed in KFS New Reporting tools will follow University of California, Irvine 2012. All Rights Reserved Kuali Financial System THANK YOU ! Maria Lieggi, Accounting Systems Rebecca Tangen, Subject Matter Expert Daniel Wang, OIT Technical Staff University of California, Irvine 2012. All Rights Reserved Kuali Financial System Resources Kuali @ UCI http://www.kuali.uci.edu KFS Demo Site https://thea.adcom.uci.edu/kfs-dmo/portal.jsp Kuali Foundation http://www.kuali.org/ University of California, Irvine 2012. All Rights Reserved Kuali Financial System Q&A University of California, Irvine 2012. All Rights Reserved