05.102 - Establishment of University Banner Fund

Related Form: Request for Establishment of a Banner Fund (Obtain blank 3-part forms from the Comptroller's Office.)

Revisions are indicated by   .  Please note the following key revisions: Requests for establishment of a new university banner fund require approval of the respective Senior Officer, the Comptroller, and the Associate Vice Chancellor for Business Affairs-Finance. Once the new fund number is approved and established in Banner, the Comptroller will e-mail the budget authority the appropriate fund number(s) to be used.

A.    Procedure

1. Requests to Establish a New Banner Fund Number

a.    Preparation and Submitted of Request   

To request the establishment of a new university banner fund number, prepare Form ACG 05.102, Request for Establishment of a Banner Fund. (Blank three-part forms may be obtained from the Comptroller's Office.)

Notes for completion of Form ACG 05.102 Request for Establishment of a Banner Fund: Describe anticipated expenditures. Include all anticipated expenditures (i.e., supplies, travel, equipment, etc.). Restrictions placed on fund by donor. Examples of restrictions: Donor requires that the gift be used to purchase a specific piece of equipment for the Art Department, or the gift must be used to establish a scholarship fund. University restrictions. Indicate whether or not any restrictions are being placed on funds other than those imposed by the donor.   Banner fund access. List all individuals, titles and e-mails (in addition to the budget authority responsible for the account) who will need requisition access or view access to financial information related to the fund. NOTE: Access will automatically be given to those individuals who have managerial authority over the budget authority; therefore, you will not need to list these persons. (For example, the Vice Chancellor for Business Affairs would automatically have access to any fund set up for the Comptroller.)    Budget authority. Please note that the email address for the budget authority is a required field and must be completed to establish a new university banner fund. If alternate budget authorities are desired, provide the email address for each alternate individual (maximum of two alternates allowed.) Special note regarding delegation of approval of expenditures: If the budget authority delegates his or her signature authority to an "Alternate Signature Person," the "Alternate Signature Person" must sign documents with the responsible person's name followed by the word "by" and then sign his/her name (e.g., John Smith by Mary Jones).

ATTACH COPIES OF ALL CORRESPONDENCE RELATED TO THIS REQUEST WHEN THE FORM IS SUBMITTED.

   Forward the top two copies of the form (white and yellow)for approval to the appropriate Senior Officer and then to the Comptroller. Retain the pink copy of the form for departmental records.

b.    Approval of Request    

Once the new fund number is approved and established in Banner, the Comptroller will email the budget authority the appropriate fund number(s> to be used, and any other pertinent information (such as additional restrictions).

  The Office of Financial Systems will review existing Banner access for the individuals listed on Form ACG 1.20 in order to setup appropriate Banner security on the new fund.

c.    Denial of Request   

If the request to establish a new Banner fund is denied, the Comptroller will return the yellow copy of Form ACG 1.20 to the originating department or activity, along with a cover memorandum stating the reason the request was not approved.

2.    Changes in Basic Data After Fund Has Been Established    

If it becomes necessary to revise data previously submitted when requesting the establishment of a new fund number, the department head responsible for the fund number will need to send a memorandum or email to the Comptroller, requesting the changes. The requesting department or activity will be notified of action taken to handle the request.

Note:    Changes may become necessary because additional information becomes available, an error was made in the original request, the purpose of the fund number has changed, etc. Normally, it will not be necessary to change the fund number in order to make the necessary amendments to the accounting system.

3.    Deletion of a University Banner Fund Number    

When a Banner fund number is no longer required for its original purpose, the budget authority will need to send a memorandum or email to the Comptroller, requesting the deletin of the fund number from the system.