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Automated Clearing House (ACH) payments are electronic payments made through the Electronic Clearing House Network. Funds move from one bank account to another with the help of an intermediary that routes funds to the final destination.
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Additional Pay
Earnings an employee receives in addition to regular pay. It can also refer to a lump sum payment, such as a one-time payment, to someone outside of UF.
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Adjunct Faculty
Temporary (OPS) Faculty are also known as “adjunct” faculty. Their appointments are temporary or short in duration (one term at a time).
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Allocation (9905.502-30.a.1)
To assign an item of cost, or a group of items of cost, to one or more cost objectives. This term includes both the direct assignment of cost and the reassignment of a share from an indirect cost pool.
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Allowable Costs
An expense which can be placed in the indirect cost rate proposal based on the following: Reasonable – A prudent person would have purchased the item and paid that price; Allocable – Expenses are at least partially applicable to a sponsored agreement. This is true for direct and indirect costs; Consistently Treated – Expenses for similar purposes must be treated the same way (throughout the university) under like circumstances; Allowable – The expense must be allowable or not specifically excluded as specified by government regulations
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Amount Account
Additional bank account(s) to have specific amount deposited. Amount must be entered in the system. Amount accounts may be deleted. If Amount accounts are created, these amounts are sequentially taken out in order of priority (1, then 2, then the remainder (if any) of your deposit goes into your Balance account).
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Attractive Property
Attractive property is tangible personal property less than $5,000. The University or the department wishes to track the property due to various reasons, including: contains sensitive data, prone to theft or loss, department is required or wishes to track the property. myAssets is the tool used to track and identify Attractive Property. Each department is responsible for tracking and identifying its attractive property.