3710.01  TRUST PROJECTS

A trust project is an activity or group of related activities which, in the 
absence of external restrictions, may be combined for accounting purposes.  
Each unique trust project must be accounted separately, which will provide 
for balance sheet and income statement reporting and other reports as 
required.

A trust project can be accounted in as much detail as needed for cost 
accounting and management purposes.  For example, within the 
Instructionally Related Activities subfund, the trust project could be an 
individual sport, or a group of sports as part of an athletics program, or the 
whole subfund.

Each trust project must maintain a positive cash balance and a positive fund 
balance.  Income Collected in Advance should not be used when evaluating 
resources available for current operations.  Disbursements from a trust project 
should be made only for the purposes for which the trust project was 
established.