From: Ronald G. Allan (allanr@georgetown.edu)
Date: Fri Aug 17 2001 - 12:02:11 EDT
Colleagues,
I have really screwed up this time. In the note I put out to the
higher ed community via these listservs, I referred to "restricted
funds" when I meant to refer to "unrestricted funds." I have corrected
the note below. I encourage readers to delete the previous note. I
have probably hopelessly confused for all time the subject that I am
trying to unconfuse.
My abject apologies.
Lately, I have been working with the definitions associated with
tuition discounting on projects associated with the financial aid
community. I have come to suspect that the financial aid community uses
the term "unrestricted funds" to stand for what some call the "Simple
Tuition Discount." I am under the impression that since the passage of
FASB 116 and 117, the term "unrestricted funds" would no longer, at
least technically, have anything to do with the "Simple Tuition
Discount." However, I would like to be better informed before I go
putting this in articles and research papers. So, I was wondering if
any of you have an opinion on who the world's leading expert is on
"unrestricted funds," in an accounting context, and how they relate to
tuition discounting.
Ron
--
Ron Allan
Assistant to the Dean for
Research and Data Services
Office of Student Financial Services
Georgetown University
Washington, DC 20057
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* Internet: ALLANR@.GEORGETOWN.EDU *
* Phone: 202-687-8967 *
* Fax: 202-687-6542 *
* "Sara Murphy was right." *
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