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Information for:

Accounting Primer

Educational & General (0010, 0018, 0090)

Sources of Funds:

  • State Appropriations
  • Formula
  • Special Items
  • Special Appropriations
  • Statutory Tuition
  • Statutory Fees
  • Miscellaneous Income as defined by Education Code

Uses of Funds:

  • Operating budgets
  • Salaries
  • Maintenance and Operation Budgets
  • Utilities
  • Special Item budgets
  • Instruction
  • Research
  • Operations

Designated Tuition (0100)

Sources of Funds:

  • Designated tuition - set by Board of Regents

Uses of Funds:

  • 20% set aside for financial aid
  • Operating budgets
  • Salaries
  • Benefits
  • Maintenance and Operation Budgets
  • Utilities

Self-supporting Designated

Sources of Funds:

  • Fees for services provided

Uses of Funds:

  • Operating budgets
  • Salaries
  • Benefits
  • Maintenance and Operation Budgets

Auxiliary Enterprises

Sources of Funds:

  • Fees for services provided

Uses of Funds:

  • Operating budgets
  • Salaries
  • Benefits
  • Maintenance and Operation Budgets
  • Facility Maintenance
  • Facility Repair and Replacement

Restricted Funds

Sources of Funds:

  • Donations, Contracts or Grants

Uses of Funds:

  • Based on donor requirements

Trust Funds

Sources of Funds:

  • Trust or Foundation Funds

Uses of Funds:

  • Based on donor requirements

Higher Education Assistance Funds (HEAF) (0075)

HEAF resources are allocated to the President and Vice Presidents. HEAF funds can only be spent on E & G capital and E & G facilities. HEAF expenditures are guided by state regulations. HEAF resources are allocated on an annual basis through a formula developed at the Coordinating Board. The formula is modified every 10 years and includes the following factors: program complexity, space utilization, and critical deferred maintenance.

Sources of Funds:

  • State Constitutional Appropriation
  • Formula allocation controlled by Coordinating Board

Uses of Funds:

  • Capital Equipment
  • Major Computing Projects
  • Facility Replacement and Renewal

Tuition Revenue Bonds (TRB)

Sources of Funds:

  • Project approved and recommended by Coordinating Board
  • Bonds issued by Texas Tech University System
  • Debt service funded in appropriation bill

Uses of Funds:

  • Capital projects
  • Facilities
  • Infrastructure