Chart of Accounts

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Chart of Accounts - Project

Distribution

Director of Accounting Services

GL Administrator

GL Accounting Manager

GL Accountant

GL Specialist

GL Viewer

Ownership

The Director of Accounting Services is responsible for ensuring that this document is necessary, reflects actual practice, and supports University policy.

The Project segment of the COA uses the same LOV found in the Project segment of PTAEO.

There are five (5) types of Projects:

Balance Sheet (Project, Fund Source, and Org values are all ‘9.’)
GL Project
Revenue Parent Project (Project number begins with ‘RP.’)
Revenue Project
Revenue/Expenditure Project

Most UVA GL Specialists will be concerned with deposits and monitoring the funds in Revenue Projects, Revenue/Expenditure Projects, and Expenditure Projects associated with the organization(s) they support.

Processing Funds Through Projects

The preceding graphic illustrates the six (6) basic steps by which the University’s revenue is processed for use. Generally speaking, money is deposited to a GL Project. Depending on the Project-Award structures created in your Organization, it is deposited to a GL Revenue Project, child of a GL Revenue Project (parent-child relationships discussed later in the chapter), or a Revenue/Expenditure Project that sponsors Awards funding your Organization’s Projects.

More details on how UVA processes its funds can be found at:
Processing Funds [http://www.virginia.edu/finance/funds/Fr_RevenueProcess.htm]

Detailed information on individual projects can be found in the Discoverer report:
IS.GM_Project Common Attributes.

Effective: 05/03/04