Automated Clearing House is used for the electronic transfer of funds and payments.
Accounts Payable is a department within the University Controller’s Office that ensures all university expenditures maintain compliance with state, federal, and university policies and procedures, while serving the unique needs of university faculty, staff, students, guests, and vendors.
Accounts Receivable is a department within University Contracts and Grants that collects all payments from extramurally funded sponsored agencies in support of sponsored program activities.
Accounting Services Team is responsible for processing all financial transactions for the college. AST utilizes a document intake system, ServiceNow, to receive, track and manage documents/transactions submitted for processing. Transactions are reviewed for allowability, budget allocation, and compliance to State, Federal and Sponsored Programs Guidelines.
The Budget Office assists departments with budget projections and spending plans for their diverse budget portfolios, which include state and federal appropriations, distance education, sales and service, Education and Technology Fees (ETF), Facility and Administration (F&A) funds, restricted trust funds, discretionary funds, and endowment investment income.
Business Liaisons serve as the main point of contact between CBO and its customers. Responsible for responding to any questions employees or customers may have.
The Business Points of Contact are designated individuals within a department who is responsible for communicating with the units within the CBO and performing a wide variety of administrative tasks pertinent to their specific area of expertise. This person could be a Business Services Coordinator, a HR representative, or another designated individual(s).
Capital Assets Management System is a department of the University Controller’s Office that manages physical assets on campus.
|Capacity Grants||Capacity Grants are federal funds provided to land-grant institutions to further the research and extension programs in each state. Each capacity grant is governed by the legislative act that instituted the program.|
|C&G||Contracts & Grants consists of two groups: Pre-Award and Post Award. These groups work with CALS faculty on the Pre-Award submission of proposals and the Post Award administration of contracts & grants awarded to NC State University, including financial administration, effort reporting, and financial regulation compliance.|
|CALS||College of Agriculture and Life Sciences|
|CBO||The CALS Business Operations (CBO) is the central business-processing unit for the College of Agriculture and Life Sciences. The CBO strives to provide fast, efficient customer service for faculty and staff, with a focus on solving problems and supporting projects and departments while maintaining compliance with college, university, state and federal regulations.|
|Chain of Custody||Chain of custody refers to the documentation that records the acquisition, transfer, and disposal of FEPP property.|
|CN||Continuing Year is a designation of a type of budget journal in which the funding stays within that project into future years.|
|Cost Share||Cost sharing indicates that more than one sponsor will share in the costs associated with a project.|
|CY||Current Year is a designation of a type of budget journal in which that budget allocation only remains within that project in the current fiscal years.|
|Discretionary Funds||Discretionary funds are non-appropriated funds that provide additional flexibility but still fall within University spending guidelines. Discretionary funds are provided by Donors or external organizations.|
|EHRA Employee||EHRA employees are an academic, research, and professional personnel positions exempt from the State Human Resources Act (EHRA) except faculty reappointment, promotion, and tenure processes.|
|Equipment||Equipment is an item that is non-expendable, tangible, or of personal property that has a useful life of more than one year AND an acquisition cost of $5,000 or more.|
|ETF||Educational and Technology Fees are student fees paid to the university that are distributed back into the college to enhance the student experience.|
|Fabricated Equipment||Fabricated Equipment is an item that is built or assembled in its original form from individual parts by a PI and/or other sponsored project personnel or an internal/external shop. The sum of the parts must cost $5,000 or more and have a useful life of more than one year.|
|Facility Manager||A Facility Manager is a CALS Faculty or Staff Member who is responsible for a Service Center. This would include identifying the need for a Service Center rate, incurring associated costs, and submitting invoices. Responsible for renewing the rate after a two-year period.|
|F&A||Facilities and Administrative are revenues returned to the college based on the amount generated on competitive grants.|
|Federal Fiscal Year||Federal Fiscal Year is the federal government’s fiscal year (October 1st- September 30th.)|
|FEPP||The Federal Excess Personal Property program allows for universities with agricultural research or extension programs to borrow excess property from the USDA to further the goals of those agricultural research or extension programs.|
|Fringe Benefits||Fringe Benefits are a percentage of the total salary for each category of employee, intended to cover four types of employee benefits – retirement plan contributions, federal taxes, insurance costs, and the fixed benefit composite rate. The rate at which these benefits are charged to the sponsor is determined by the category of employee.|
|FTE||Full Time Equivalent is a designation related to employee’s effort.|
|FY||Future Year is a designation of a type of budget journal in which that budget allocation remains within that project for a future year.|
|FYTD||Fiscal Year to Date|
|IDB||Interdepartmental Billing is used to process the billing of a product or a service between different University Projects.|
|IDJ||Interdepartmental Journal is used to record all non-transfer Journal entries between two separate departments. This includes reimbursements, corrections and reclassification.|
|IDS||Interdepartmental Sales is used to record the sale, or the refund of a previous sale, of a product or a service between different University Projects.|
|IDT||Interdepartmental Transfer is the process in which departments within the University bill each other for goods or services or share expenses.|
|JV||Journal Vouchers are used to move funds to/from projects that have been identified as being placed on the incorrect project/phase.|
|Ledger 5||Ledger 5 is a term used to describe a competitive sponsored grant.|
|LI||Legislative Increase are salary increases approved by the state legislature.|
|MyPack Portal||The MyPack Portal provides NC State University Students, Parents, Faculty, and Staff with access to the Student Information System (SIS), Human Resources Systems (HR), and Financial Systems (FIN).|
|NCSU||North Carolina State University|
|OUC||Organization Unit Codes are used to record all expenditures made by departments.|
|PCard||The University Purchasing Card is a Visa corporate liability credit card used by approved employees for legitimate NC State University business purchases.|
|PI||Principal Investigator is the individual who commits time and effort to ensure research related to competitive grants is completed.|
|PINS||Project Information Navigation System is an electronic system used to track proposal data and to verify approvals from all faculty and administrators involved in submitting a particular proposal. The use of the PINS system is a required part of the submission process for all proposals submitted by all university faculty.|
|PMR||Project Modification Request|
|Project||A Project is a six-digit number that designates the type of funding.|
|Project Responsible Person||The Project Responsible Person is the designated individual(s) responsible for managing project resources and ensuring appropriate use of the resources. This may be a Principal Investigator, a Co-PI, a Business POC, and/or other project personnel.|
|RADAR||Research Administration Date and Reports is an online system for monitoring and recording all award actions. It is used by SPARCS to store proposal and award data. It also allows campus users to run queries and reports on sponsored project data.|
|ReAlls||Payroll Reallocations are used to change a historical salary payment.|
|RFP||Request for Proposals|
|Reporter||Reporter is the University learning management software system.|
|SAR||System Access Request is an internal system used to gain access to other relevant systems.|
|SDC||Salary Distribution Change is used to update the allocations of future salaries.|
|ServiceNow||ServiceNow is the University’s document intake system allowing users to input and maintain documents. ServiceNow provides self-service tools and knowledge base articles to help students, faculty, and staff find answers to common questions.|
|SHRA Employee||SHRA Employees that are covered by the State Human Resources Act (SHRA) and carry out a wide range of activities in support of NC State’s mission of education, research, and extension.|
|SME||Subject Matter Expert|
|SOP||Standard Operating Procedures|
|SPARCS||Sponsored Programs and Regulatory Compliance Services facilitates the submission of proposals, negotiation of agreements, the administration of internally and externally funded projects, and the administration of subagreements that provide funding to the University. This includes all aspects of externally sponsored research and scholarship, from pre-award management to non-fiscal post-award management.|
|State Fiscal Year||State Fiscal Year is the state government’s fiscal year (July 1st- June 30th.)|
|Subaward/Segment||A subaward, or segment, is an agreement to sub part of an award internally to another University entity.|
|Subcontract||A subcontract is an agreement with an external entity.|
|TEARS||The Employee Activity Reporting System is a system that is used to record effort reporting and cost share setup related to federal funds.|
|Unallowable Charges||Unallowable Charges are transactions that do not fall within the spending guidelines/regulations for each funding source.|
|Unity ID||Unity ID is the number given to faculty, staff, and students used to identify their specific record within the University.|
|WRS||WolfPack Reporting System is used to access financial data.|