General funds guidance
Use these guidelines to keep your general fund on target. You can always email vpfinadm@indiana.edu with additional questions about this or other areas of the budget.
1. Unbudgeted Income: Instructional RCs
DO NOT CHANGE income on the General Fund. Your FY25 budget must correspond to the income reflected on your RC Allocation Sheet. RC-specific Allocation Sheets for FY25 Budget Construction will be loaded in the [Sec] BL-FAB-Shared Documents TEAMS folder. UBO has uploaded Incidental Income (Inc-Inc) to budget construction and the campus will upload the remaining income for general funds. Individual Units/RCs should not change income; this includes transfers in budgeted in Inc-Inc (9912/9915/9916/9918). Use of unanticipated and unbudgeted income received during the year will not be permitted without prior discussion with the Office of Finance, Administration & Budget. Please direct questions to vpfinadm@indiana.edu.
2. Budgeting the Use of Reserves (Fund Balances)
For links under the AFB Policy Index or https://www.budu.iu.edu/documentation/allfunds/policy, Firefox is the preferred browser. If you experience an error, try clearing your browser.
Units will be asked to provide details on reserve funding. If negative reserves are built into the budget, additional information will be requested regarding coverage by year-end FY25. Provide details with your narrative. For guidance on budgeting reserves, see links under AFB Policy Index - for “Budgeting Unallocated Funds” and “Budgeting Operating Surplus/Build-Up of Reserves and Deficit/Use of Reserves.”