Grant & Contract Glossary
Revenue is defined as funds received from sales and services. Revenue and funding is recorded in the University of Washington current operating fund, which is the economic resource of the University available for the purpose of performing the primary and supporting missions of the institution. Refer to D35.3, Operations Manual. The major sources of REVENUE funding for the University are state allocations, grants, contracts, gifts, rents, royalties, and interest and dividends from investments. All revenues are included in the University's biennial budget request and are subject to State accounting and budgeting requirements.
