Glossary of Terms

Types of Funds

Current Assets

Operating/Checking Account/Short Term Investments

Permanently Restricted Fund Balances

Endowed funds, corpus is held in perpetuity

Permanent Restricted Revenue

A donor-imposed restriction which stipulates that resources be maintained permanently but permits the organization to expend part, or all, of the income derived from the donated assets.

Temporarily Restricted

Time or event releases its restriction.

Temporarily Restricted Revenue

A donor-imposed restriction that permits the donee organization to expend the donated assets as specified and is satisfied either by the passage of time or by actions of the organization.

UnrestrictedFunds

Available for any purpose, has no restrictions

Unrestricted Revenue

There are no restrictions on these funds.

Academic Senate

The Academic Senate's role as the college's primary voice in academic and professional matters. MiraCosta College's Academic Senate affirms its commitment to a broad and inclusive vision of collegial governance.

Associated Student Government (ASG)

The primary voice of the students and serves the collective needs of the MiraCosta student body.

Classified Senate

The official employee group for permanent classified employees at MiraCosta College. Employees have a designated title, a regular minimum number of assigned hours per day, days per week, and months per year, a specific statement of the duties required to be performed by the employees in each such position. Unlike faculty classification who may have more irregular hours/days.

Diversity

All the ways in which people differ and it encompasses all the different characteristics that make one individual or group different from another. A broad definition includes not only race, gender, and ethnicity but also age, national origin, religion, disability, sexual orientation, socioeconomic status, education, marital status, language and physical appearance. It also includes different ideas, perspectives and values.