To ensure Source is established appropriately in ConnectCarolina for recording and reporting financial transactions.
Budget, Planning & Analysis is responsible for establishing new sources for State Receipt-Supported Funds (including School-Based Tuition and Unit-Controlled Receipts). Accounting Services is responsible for approving the creation of new Trust sources via Source Create.
This procedure is for establishing an endowment fund Source, where the principal is to remain intact (the gift exists in perpetuity) and is to be invested to produce income that may be expended or reinvested.
An institutional trust or special fund ("trust fund") may be established in ConnectCarolina using the Source Create module.