Spending

Spending Rules
Operating accounts are current use accounts and all monies are available for spending at any time. Quasi-endowments are current use accounts invested in the...
Mon, Jun 29, 2020 at 1:07 PM
USMF Spending Policy
  The two key components of the policy are to preserve the purchasing power of the assets (“Intergenerational Equity”) and to provide a predictable and st...
Thu, Feb 10, 2022 at 10:21 AM
Request for Underwater Spending
  Per the Spending policy above:   “...there should be no funds appropriated for expenditure from underwater funds except where the institution makes a s...
Mon, Jun 29, 2020 at 1:17 PM