Chapter 2. Accounting Services

2.2. Fund Principles

2.2.1. General Fund

General Fund: A fund maintained to account for those transactions related to academic and instructional programs and their administration. Revenues for the General Fund consist basically of:

1. The State of Michigan appropriation for general operations.



2. Student tuition and fees.



3. Recovery of indirect costs of sponsored programs.



4. A portion of the income from temporary investment of pooled cash.



5. Incidental revenue of departments.