Budget FY16 Important Changes Important Changes for FY2016 E & Fund Changes effective July 1, 2015: Fund 119001 is to be used for all Academic core activity Fund 119002 is to be used for all Administrative core activity Fund 119003 will be phased out after the close-out of summer 2015 E-course activity. Fund 119004 is to be used for Part-time Faculty, Work Study and other centrally funded temporary compensation activity only. Fund 119005 is to be used for Non-core activity. Fund 119007 will be utilized for Central Institutional revenue activity only. Fund 119008 will be utilized for Central Institutional activity only. Fund 119013 will be utilized by select Graduate Programs only Fund 119016 will be utilized for Non-core Personal Services activity only. Fund 119017 will be utilized for select Graduate Programs Personal Services only. Fund 119015 will be used for non-recurring One-time activity. FY2015 Ending Balances Effective with FY2015, ending balances will roll as FY2016 Balance Forward. Budget Units will be provided with a schedule of FY2015 ending balances during the fiscal year process. The list will be as a mechanism to move balances to appropriate funds and eliminate negative balances (ex. balances in 119008 will need to be transferred to another fund). Core & Non-core Orgs Each MU org is classified as either core, non-core. The classification impacts which funds to utilize and how certain central operations, such as IT charges, are charged to the organizations. A list of core and non-core orgs can be accessed through the MU Org List.