Agency Fund Administrative Policy
Policy
Agency funds are deposits by organizations that are separate from the University and are funded from sources independent of the University. The funds are deposited with the University for safekeeping, to be used or withdrawn by the depositor in accordance with agreed upon terms and conditions. The external organization uses the funds for activities that are consistent with, in support of, or which enhance the mission of the University. In these instances, the University does not own the funds, but acts as the fiscal agent or custodian of the funds.