Glossary
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- Restricted Funds
- Used to identify resources that may be available for current operations, but that are to be used only for a specific purpose as directed by the donor, or the granting or contracting agency. Sponsored research, gifts for construction of a facility, or student aid are examples. Grants and contracts may be in operation for multiple years and these funds can be tracked on grants ledgers, screens in the financial system that are not limited to current fiscal year activity.