First, let's tackle why we call your account a project instead of an account. You may have noticed your reports say Project Activity Report. It's because in Financial Edge (FE), our accounting software, the field used to segregate activity by source of funds is called a project and the field used to track types of revenue and expenses is the account. So our account is what you call the sub-code field on your campuses. And our project is what you call the account on your campuses. We know-a little confusing. We'll blame it on technology.
Now, what about the numbering scheme? No hidden messages - but there is some logic in how the accounts get numbered.
First, each campus has their own two digit prefix identifier:
01 College Park
04 Eastern Shore
05 Baltimore County
06 University College
07 Center for Environmental Science
The next digit in the project indicates the type of fund:
XX-1, XX-2: Operating fund
XX-3: Operating scholarship
XX-44: Quasi-endowment (operating account invested with endowments)
XX-55: Grant - primarily, there are some older projects numbered this way that are not grants.
XX-6: Operating fund for a specific event, conference, seminar, building, etc.
XX-7: Internal Foundation administrative accounts
XX-8: Not in use at this time
So account 01-30122 would be a UMCP operating scholarship and 05-40048 would be a UMBC endowment account.