SCC Campus-Based Accounts

SCC Campus-Based Accounts

Campus-based accounts include Trust and Agency funds used to account for moneys generated by the college that supportInstructionally-related activities, student government and clubs, scholarships, and fiduciary trust agreements. The primary distinction between Trust funds and Agency funds is that college management may exercise some discretion in the disbursement or expenditure of the moneys in Trust funds but does not have discretionary power or authority with Agency funds.

Campus-based "Trust" funds come from local revenues that are closely related to the district general fund. These activities are managed by the college and accounted for in campus-based funds.

"Agency" activities are those for which the college assumes fiduciary responsibility but has no authority over expenditures.

Business Units

Campus-based funds are grouped in college Business Units according to where the money must be deposited. The "SCOSC" business unit includes all college funds that are deposited in the Sacramento County Treasury. The district office administers all SCOSC banking services. The "BANSC" business unit includes agency funds that are deposited into a college checking account.

SCOSC Funds

Fund 13 – IR-Educational Enrichment Program (EEP)

IR-EEP activities are subsidized by College Store profit. IR-EEP supports instructionally-related activities that are student-centered and student-focused. The College Budget Committee establishes IR-EEP allocations.

Fund 13 - Special Activities, as defined in board policy P8361. Revenue supporting these activities comes from Vending Machine commissions.

Fund 14 – Other Instructionally-Related

Activities in Fund 14 are primarily instructionally-related. Activities in fund 14 generate their revenue and fund expenditures without any subsidy from the college (fully cost-covering).

BANSC Funds

Fund 71 – Student Association

To account for moneys held in trust by the college for the organized student body association. Revenue comes from subsidies of student Access Card and fundraising activities. Expenditures are approved by 1) an employee of the district designated by the governing board, 2) the academic advisor of the student body organization, 3) a representative of student government.

Fund 72 – Student Representation Fee

The Student Representation Fee Fund is used to account for moneys collected for the student representation fee. The fee supports the governmental affairs representatives efforts to state their positions and viewpoints before city, county, and district governments and State government.

Fund 81 – Campus Agency

This fund is used to account for moneys of student clubs and other moneys for which the college is the fiscal agent. Student clubs generate revenue primarily from fundraising activities.

Fund 83 – SCC Foundation

The SCC Foundation was established to raise funds for scholarships, grants, and other assistance for students and provide support for the college's instruction program. Foundation revenue comes from donations, endowments, and fundraising activities. The majority of Foundation assets are invested in order to preserve historical gift value.

11/20/2018Campus-Based Funds Defined