UCD Accounting Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Term	Definition
Bank Draft	This is a check drawn on a bank in a foreign country in a foreign currency and mailed from Accounts Payable.
Base Budget	A base budget (permanent budget) is established for those functions that require a long-term financial commitment or have a long-term impact on the fiscal operations of the university (e.g., general funds, student fees, self-supporting funds). Funds in the base budget are automatically reallocated at the start of each fiscal year. The base budget is modified by using the Base Budget Adjustment document in DaFIS. The base budget rolls forward every year and is the starting point for that year's current operating budget.
Billing ID	A four-character ID number used by several campus service units for billing departments. Billing IDs are created and maintained by departments, and provided to a service unit at the time a service is requested. Each Billing ID is associated with a single Account. It may also have a Sub-Account and/or Project associated with it.
Blanket Order	A purchase agreement in which the purchaser contracts with a vendor to provide item(s), and/or service(s), on an "as required" and frequent basis. Such agreements have a limit on the period of time for which they are valid, and the amount of money that can be spent in that time.
Budget	A financial plan that estimates the costs of conducting future activities. The budget is intended to express the program objectives and how they will be carried out in terms of resources required.

Term

Definition

Bank Draft

This is a check drawn on a bank in a foreign country in a foreign currency and mailed from Accounts Payable.

Base Budget

A base budget (permanent budget) is established for those functions that require a long-term financial commitment or have a long-term impact on the fiscal operations of the university (e.g., general funds, student fees, self-supporting funds). Funds in the base budget are automatically reallocated at the start of each fiscal year. The base budget is modified by using the Base Budget Adjustment document in DaFIS. The base budget rolls forward every year and is the starting point for that year's current operating budget.

Billing ID

A four-character ID number used by several campus service units for billing departments. Billing IDs are created and maintained by departments, and provided to a service unit at the time a service is requested. Each Billing ID is associated with a single Account. It may also have a Sub-Account and/or Project associated with it.

Blanket Order

A purchase agreement in which the purchaser contracts with a vendor to provide item(s), and/or service(s), on an "as required" and frequent basis. Such agreements have a limit on the period of time for which they are valid, and the amount of money that can be spent in that time.

Budget

A financial plan that estimates the costs of conducting future activities. The budget is intended to express the program objectives and how they will be carried out in terms of resources required.

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