Journal Entries that involve Gift Fund Speedtypes (in Fund 34) also require additional scrutiny and certification in the Finance System. As a result of the State Auditor's Performance Audit, the University has revised its processes related to gift transfers to reduce the risk that expenditures of gift funds will not be consistent with donor wishes.
System edits have been put into place that will:
- Ensure that journals are restricted to gift FOPPS (Speedtypes) that have identical gift restrictions as evidenced by the gift purpose codes
- Require certification by the journal creator that the transaction is appropriately recorded in the gift speedtype
