Body
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.