What is my responsibility when it comes to donor restricted funds?

It is the responsibility of each department to:

  • Know the purpose of restricted funds pertaining to their department and any special restrictions or requirements associated with the funds.
  • Monitor all departmental expenses for items that can be utilized to meet the restrictions placed upon these restricted funds so that the funds can be released from restrictions. 
  • On at least an annual basis, review why any restricted funds are not being spent.  All restricted funds are required to be spent within a reasonable time frame. 


Article ID: 135032
Wed 8/4/21 1:15 PM
Mon 8/16/21 4:21 PM