Fund Accounting prepares the university's Unrelated Business Income Tax return and implements new financial accounting standards. In addition, the department prepares IPEDS reports and responds to other requests for financial data. Fund Accounting performs numerous accounting oversight functions. These include accounting for the Land Grant Trust Fund Endowment and related Natural Resource funds. The department handles all accounting for new debt issuances and related debt service, plant assets and monitoring of activity and budget for capital project funds. The department is the liaison with the state for billing and receiving of all general fund and capital appropriations and is the depository for Statewide and University of Alaska Foundation receipts.