Glossary of Terms

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Quasi Endowment Funds
Funds established by the Board of Trustees, or their designee, to function like an endowment fund; however, the principal may be expended at any time at the discretion of the Board.
Questionable G/L Accounts
Using financial reports generated in SAP, the Office of Sponsored Programs (OSP) reviews G/L Accounts that may be considered "questionable" or unallowable on a sponsored project. The Departmental Administrator is notified of the questionable expense and requested to either remove the questionable expense or provide additional information that would remove any question as to the allowability of the expense. If a reply is not received by the deadline specified, the unallowable expense is written off to the department's discretionary code.