Policy Number: 70

Distribution of Interest Income

Subject:

Distribution of interest earned on cash balances

Scope:

Employees

Date Reviewed: May 2008

Responsible Office: Treasury Management

Responsible Executive: Vice President, Finance and Legislative Affairs

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. Interest on such cash balances is distributed on a monthly basis to qualified accounts in the manner outlined in the following procedure. Interest is earned and distributed based on actual cash collected, not on accounts, notes and/or awards receivable.

II.     PROCEDURE

Interest income is distributed in the month in which it is earned. Interest is distributed to accounts with actual cash balances that exceed $50,000. Exceptions may include the following:

Fund groups eligible for interest income distribution include designated funds, auxiliary funds, private gifts and contracts, loan funds, unexpended plant funds and agency funds.

III.     CONTACTS

ContactTelephoneEmail/Web Address
Treasury Management 713-500-4944

TreasuryMgmt@uth.tmc.edu

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