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Finance Chartstrings for Service Units

A. Fund – 1116 – Service Units – to be used only by Official UMBC Service Centers (Units)

B. ProgFin – 021 – Research – Institutes/Centers

C. Account – 4833716 – Subsidy – Service Units: to be used only by Official UMBC Service Centers (Units) – A subsidy is funding provided, typically by the Department or College, to the unit, that keeps the price of a product or service low or to help the service unit continue operations.

D. Account – 7131116 – Service Unit Depreciation: to be used only by Official UMBC Service Centers (Units) – Depreciation is the allocation of the cost of a capital asset over its economic useful life, as defined by the UMBC Controller’s Office. UMBC allows for the inclusion of capital equipment depreciation in the service unit rates.

E. Account – 4866704 – Service Unit Revenue: to be used only by Official UMBC Service Centers (Units) – Use this account to record (credit) revenue received by the service unit from its customers.

F. Account – 7129910 – Service Unit Charges: to be used only by Official UMBC Service Centers (Units) – Use this account on the customer’s chartstring to record (debit) the amount being paid to the service unit for goods sold to, or services rendered to its customers.

SPECIAL NOTE: Service Units must use appropriate PS Expense Accounts to record (debit) the costs of operating the service unit. These include salary and fringe benefits and other operating expenses such as supplies, non-capital equipment, service contracts for equipment, professional services, etc.