Understanding Your Budget

PeopleSoft tracks expenditures at 3 levels.

The budget levels are:
The APPROPRIATION level is your budget for that category
The ORGANIZATIONAL level lists major areas of spending
The ACCOUNT DETAIL level is precisely that.

The expenditure CATEGORIES are:
Personal Services (appropriation account 500000)
Travel (appropriation account 600000)
Operating Supplies & Equipment (appropriation account 700000)
Equipment (appropriation account 800000)

Examples:
APPROPRIATION 500000 Personal Services $50,000
ORGANIZATIONAL 511000 Salaries-Regular Faculty
ACCOUNT DETAIL 511100 Salaries-Regular Faculty

APPROPRIATION 600000 Travel $2,000
ORGANIZATIONAL 640000 Travel
ACCOUNT DETAIL 640100 Travel

APPROPRIATION 700000 Operating Supplies & Equipment $5,000
ORGANIZATIONAL 714000 Supplies & Materials
ACCOUNT DETAIL 714100 Supplies & Materials

APPROPRIATION 800000 Equipment $1,500
ORGANIZATIONAL 843000 Computer Purchase
ACCOUNT DETAIL 843300 Computer Purchase