Glossary of Terms
Administrative Policy
Directives that mandate requirements of, or provisions for, members of the University community, including procedures to assist with their implementation. These directives may be system-wide, affect multiple campuses, or apply to one campus.
Advance Account
An account established before the award process has been completed in order to facilitate administrative establishment of the project.
Advance Account Costs
Costs incurred on an advance account.
Affiliated
Affiliate members of the University are those individuals who provide a service for the University, but are not paid by the University.
Affirmative Action
A specific goal-oriented activity designed to enhance employment and business opportunities for minorities, women and disabled persons.
Affirmative Action Plan
Written, results-oriented narrative plan designed to remedy the effects of underutilization and past discrimination and meet the requirements of applicable regulations. First, a contractor or subcontractor conducts a self-analysis of all phases of its employment system to determine any discriminatory effects in employment practices. Then, they establish goals, timetables and other measures as appropriate.
Agency Fund DeptID
A type of fund held by the University of Minnesota, with the University acting as custodian or fiscal agent for an external party or organization. Money is deposited with the University for safekeeping, to be used or withdrawn by the depositor at will. These funds may be held on behalf of students, faculty, staff organizations, or some other third party. Examples include scholarship funds where the donor selects the recipient, and public financial aid funds are held until student accounts receivable are established.
Agency Questionnaire
A document that must be completed and used to evaluate whether a DeptID is setup in an agency fund within the University of Minnesota's Enterprise Financial System. This questionnaire is used to evaluate compliance with generally accepted accounting principles; consistency with the mission of the University of Minnesota; and initial determinant as to whether agency fund treatment is appropriate.
Airline Frequent Flyer Programs
Programs offered by individual airlines that award credits towards free or reduced price tickets or other benefits based upon the purchase of an airline ticket. Most major U.S. airlines have frequent flyer programs including Northwest Airlines, United Airlines, American Airlines, Delta Airlines, and Continental Airlines. Programs offered by non-airline entities, such as credit card companies, are not included within the definition of "Airline Frequent Flier Programs."
Alcoholic Beverage Sale
Any form of monetary exchange for alcohol including, but not limited to, an event registration fee, entry fee, beverage ticket, cash bar, etc. Fee does not need to be in direct exchange for the alcoholic beverage.