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Handbook of Operating Procedures

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 ("university") 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:   https://inside.uth.edu/finance/treasury-management/operations.htm#calculate.

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
    • https://inside.uth.edu/finance/treasury-management/contact-us.htm