| Field Name: |
LETTER OF CR# |
Inquiry Screen #: |
03, 06 |
| Common Abbreviation: |
LETTER OF CR# |
| Dictionary Reference Number: |
FG736, FS267 |
| Field Length: |
10 alphanumeric characters |
| Required Accounts: |
All General and Subsidiary Ledger accounts in ledgers 5
& 8 which are paid by letter of credit |
| Definition: |
An eight-digit number assigned by the Federal Agency to
an institution for grants and contracts paid by the letter-of-credit method
of funding. One letter-of-credit number is assigned by the funding agency
for all grants and contracts in their jurisdiction. This number is used
as a reference number every time cash is requested from that particular
funding agency. It is also used for all cash-related correspondence. |
| Modification: |
Online |
| Responsibility: |
Manager, Accounting & Reimbursement, Restricted Funds;
and Manager, Capital Funds |
| Data Verification Procedures: |
RPG |
| Values: |
The letter of credit number for each Federal Agency is
kept by the person responsible for requesting funds under this funding
method in Restricted Funds. |