The Function chartfield is a two-character alphanumeric value which fulfills internal and external reporting requirements to track higher education functional classifications. Function code also determines how costs are treated in the research Facilities & Administrative (F&A) or indirect cost rate calculation. For this purpose, it is particularly important that costs are accurately coded and are consistent with OMB Circular A-21 (Federal) functional definitions. Function also facilitates internal mission-based reporting. Function is a required field on revenue, expense, and transfer transactions; it is not used with Asset, Liability, or Equity accounts.
|42||Medical Centers, Teaching Hospitals|
|44||Organized and Sponsored Research|
|46||Clinical Operations (Patient Care)|
|64||Operation and Maintenance of Plant|
|72||Institutional Support and General Administration|
|78||Student Financial Aid|
|80||Provisions for Allocation (Budgetary only)|