Operating Policy and Procedure
HSC OP: 50.24, Distribution of Interest Earnings
PURPOSE: The purpose of this Health Sciences Center Operating Policy and Procedure (HSC OP) is to establish the standard institutional procedure for distribution of interest earnings.
REVIEW: This HSC OP will be reviewed on July 1 of every fourth year (E4Y) by the Director of Accounting Services, with recommendations for revisions forwarded to the Vice President and Chief Financial Officer by August 31.
POLICY/PROCEDURE:
All interest earned on institutional funds will be recorded in institutional accounts except the following:
a. Interest on funds in Practice Income Plans
b. Interest on funds restricted by outside agencies or persons