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Fund Reference Manual

Fund 843 - Exceptional Faculty Awards Endowment Account

Authority: RCW 28B.50.839
Admin Agency: Locally by each agency - LCL0
Cash Type: 3 - Local Fund
SAAM Budget Type: Nonappropriated/Nonallotted (N)
Earnings from Investments are: Credited to the appropriate fund as directed by the Legislature and/or the administering agency of the fund. RCW’s 43.79A.040 and 43.84.092 do not apply.
Description: The proceeds from the endowment fund shall be used to pay expenses for faculty awards, which may include in-service training, temporary substitute or replacement costs directly associated with faculty development programs, conferences, travel, publication and dissemination of exemplary projects; to supplement the salary of the holder or holders of a faculty award; or to pay expenses associated with the holder’s program area. Funds from this program shall not be used to supplant existing faculty development funds.
Sources of Revenue: Private Donations, Charges and Miscellaneous Revenue, Interest Earnings
Clientele: Community and technical college faculty
Effective Date: 07/01/1990

ACFR Information

Account Code: 843
Account Title: Exceptional Faculty Awards Endowment Account
Fund Type: EA - Permanent Funds
Rollup Fund: EA - Higher Ed Endowment & Other Perm Funds
Closing GL Code: 9230 - Restricted for Higher Ed