fbcaccb2_ure_Objects_and_Subobjects_htm__Definition
[Obj] 03 [Expenditure Type] Goods and Services [Definition] 
Goods and services include the following: Purchases of services rendered to the University under express or implied contract (except object 02), typically consisting of both labor and materials. Purchases of commodities ordinarily consumed or expended within one year. Equipment items with a unit cost of less than $5000, regardless of funding source other than those required as object 16. See below. For assistance with goods and services object coding see also the tables below.
70.09_Expenditure_Objects_and_Subobjects.htm
Definition