Budget & Account Structure

Account Structure (Chart of Accounts)

A budget string (aka FOAP) is comprised of four sets of numbers and follows the sequence of [Fund]-[Organization]-[Account]-[Program]. The Fund indicates the funding type: General Fund Unrestricted, General Fund Restricted, Bond Fund, Child Development Fund, Grant, etc. The Organization indicates where the fund is housed under and who manages the fund. The Account is a classification of expenditure (i.e. salaries, benefits, supplies, etc.) or revenue (Federal, State, Local, etc.). The Program (aka TOP code) identifies the discipline/department for the instructional activities (0100-4900) as well as non-instructional activities (6000-7900). Click here to see a comprehensive list of LPC's Chart of Accounts.