Cash Management and Investment of Federal Funds Policy

Section I

Purpose

The purpose of this policy is to provide a written guideline for the management of Federal cash.

Section II

Procedure

The University operates its Federal programs on a reimbursement plan where the programs are supported by the cash flow reserves of the University and the Federal programs replace monies that have been previously disbursed. In some limited cases where the University does not have direct control of when the funds will be deposited, reviews of cash on hand will be done weekly. Federal funds in excess of current needs will be considered as part of the investment activity on a fund by fund basis.

Adopted June 24, 1994