Effective: July 2, 2001
Owner: Treasury Management
Latest Revision: October 27, 2008
Internal Investment Program Procedures
Scope | System References | Policy | Responsibility | Distribution | Ownership
This procedure describes how organizations may invest certain surplus funds into the University's Internal Investment Program.
Organizations wishing to invest certain surplus funds should follow the steps outlined below. The University will pay interest to departments based on the daily average balance of invested funds over a quarter. Treasury Operations, through the University's Internal Bank, will set the rate of return, based on market rates.
System References [Top]
Treasury Operations is responsible for ensuring that this procedure is necessary, reflects actual practice, and supports University policy.
Procedure Steps [Top]
University departments may:
Supercedes: Financial and Administrative Procedure 9-40 - Imputed Interest Program.
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