Distribution of Interest Income
Policy Number: 70
- Subject:
Distribution of interest earned on cash balances
- Scope:
Employees
- Date Reviewed:
- October 2019
- Responsible Office:
- Treasury Management
- Responsible Executive:
- Senior Vice President, Finance and Business Affairs and Chief Financial Officer
I. POLICY AND GENERAL STATEMENT
The University of Texas Health Science at Houston invests institutional cash balances to optimize return on investment within the guidelines established by the Board of Regents of The University of Texas System.
II. PROCEDURE
Once interest earnings are known, Finance and Business personnel distribute amounts internally based on contractual requirements and allocation decisions made by executive management. For additional information, see the Treasury Management website.
Fund groups eligible for interest income distribution include designated funds, auxiliary funds, Harris County Psychiatric Center, private gifts and scholarships, loan funds, unexpended plant funds, and agency funds.
III. CONTACTS
-
- Treasury Management
- 713-500-4944
- TreasuryMgmt@uth.tmc.edu
- https://inside.uth.edu/finance/treasury-management/contact-us.htm