Banner Fund Codes

The fund code segment (i.e., the “F” in the C-FOAPAL) is an important segment of the Banner accounting string, which was designed to achieve the following objectives:

• To classify the University of Illinois System’s various financial resources into separate fund types for financial reporting purposes, enabling us to compile financial statements which accurately communicate where system funding comes from.
  • For example, financial resources received from donors would be classified into a gift fund, while financial resources received from State of Illinois appropriations would be classified in a state fund.
• Classifying these various types of financial resources into separate fund types also helps us properly monitor these financial resources which have been appropriated, awarded, contributed, earned, and entrusted to the U of I System for proper stewardship.
  • For example, each funding source may have different sets of restrictions and guidelines which must be followed. By separating these funding sources into different fund types, we are better able to monitor compliance with those various restrictions and guidelines.

Commonly Used Fund Types

See below for a short list of fund types that are commonly used across the U of I System.