Re: bursar-l: Accounting for alumni operations/funds

From: William Hughes <william.hughes_at_gallaudet.edu>
Date: Wed, 1 Apr 2009 08:24:51 -0400

Gallaudet University's answers are in [BRACKETED ALL CAPS] below.

On Tue, Mar 31, 2009 at 1:57 PM, Melissa Higdon <
melissa.higdon_at_thunderbird.edu> wrote:

> Hi all -
>
> We are looking into different ways to account for alumni operations and
> funds.
>
> In regard to your school's alumni group/operations:
>
> Do they have a bank account under the schools TIN? [NO]
>
> Do they have their own TIN? [YES]
>
> Do school employees assist with accounting for transactions? [WE HAVE AN
> ALUMNI RELATIONS OFFICE ON OUR UNIVERSITY'S BUDGET SO OUR FINANCE OFFICE
> TAKES CARE OF THE ACCOUNTING FOR PAYROLL, PURCHASES, ETC. FOR THE EMPLOYEES
> IN OUR OWN ALUMNI RELATIONS OFFICE. BUT WE DO NOT HELP WITH THE ACCOUNTING
> OF THE ALUMNI ASSOCIATION'S OWN ACCOUNTS UNDER ITS OWN TIN.]
>
> Does the school account for the funds as agency funds? [NO, THEIR OWN
> ACCOUNTS ARE COMPLETELY OFF OUR BOOKS -- WE DO NOT EVEN HAVE ACCESS TO THEIR
> FUNDS.]
>
> Thank you, in advance, for your help.
>
>
> *Melissa A. Higdon, CPA*
> *Controller*
> *Thunderbird School of Global Management*
> *(602) 978-7533*
> *melissa.higdon_at_thunderbird.edu* <melissa.higdon_at_thunderbird.edu>
>
> Bursar-l Archives: http://fa1.finadmin.virginia.edu/bursar/
>
> Subscribe or Unsubscribe:
> https://list.mail.virginia.edu/mailman/listinfo/bursar-l
>

-- 
----------------------------------------------
William E. Hughes
Assistant Treasurer
Gallaudet University
College Hall #300
800 Florida Ave., NE
Washington, DC  20002-3695
E-mail: william.hughes_at_gallaudet.edu
Telephone/VP: 202-250-2096
Fax: 202-651-5541

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Received on Wed Apr 01 2009 - 08:45:28 EDT

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