February 27, 1997
LAWRENCE C. HERSHMAN
ASSOCIATE VICE PRESIDENT AND DIRECTOR OF THE BUDGET
Delegation of Authority--Allocation of Operating Funds
Section 100.4(o) of the Standing Orders of The Regents provides as follows:
100.4 Duties of the President of the University:
Effective immediately, as Director of the Budget, you are authorized to approve allocations from certain University operating funds within the President's discretion, provided each such allocation:
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(o) The President is authorized to approve transfers or allocations of University operating funds..., subject to any limitations which might be imposed by the terms of said funds, provided:
(1) That no such transfer or allocation shall result in the establishment of a new policy, program, or project involving a continuing commitment;
(2) That no transfer shall be made from a reserve fund for a purpose other than that for which the reserve fund was established.
a. is under $50,000;
Under such restrictions, you are authorized to approve allocations from the specific Funds listed below:
b. is in accordance with Fund terms;
c. is consistent with previous Fund usage; and
d. does not constitute a continuing commitment against the Fund.
1. Educational Fund, consisting of indirect cost recovery from private grants and of income from investment in the Short-Term Investment Pool. The Educational Fund is used to meet special needs of the University's educational programs.
A written report on exercise of the foregoing authority shall be provided to me quarterly, with copies furnished to the Senior Vice President--Business and Finance and the Special Assistant--Coordination & Review. I ask that you keep me advised, in writing, ofquestions involving allocations from the above Funds which in your judgment should come to
my attention, whether or not they are within your authority to resolve.
2. Federal Endowment Fund, consisting of income from separate investments and from the Short-Term Investment Pool. The Fund is used for general support of the academic programs of the University. No portion of the Fund may be used to purchase, erect, preserve, or repair any buildings.
3. Lee L. Jacks Fund, consisting of income from the General Endowment Pool and from real estate. The Fund is used for support of campus development office budgets on any campus except Berkeley and Los Angeles.
4. President's Provision for Contingencies, consisting of an annual allocation from the University Opportunity Fund. The President's Provision for Contingencies is used to cover emergency expenses associated with providing temporary
instructional services, making minor alterations to meet enrollment fluctuations, and maintaining essential functions that cannot otherwise be effectively performed within existing allocations.
5. Searles Fund, consisting primarily of income from investment in the General Endowment Pool. The Fund is used to finance general purposes of the University which cannot be covered by State funds.
6. State Tide Land Fund, consisting of income from investment in the General Endowment Pool. The Fund is used for the general support of the University except that no portion may be used to purchase or erect buildings or to purchase
7. University Fund, consisting of income from investments of 21 unrestricted endowment funds within the President's discretion, and from participation of the unexpended balance of the Fund in the Short-Term Investment Pool.
This authority may not be redelegated. This supersedes the delegation of authority of June 3, 1993 to the Provost and Senior Vice President--Academic Affairs (DA1087) on this same subject.
Richard C. Atkinson
Members, President's Cabinet
Special Assistant Gardner
Principal Officers of The Regents