Fiscal Responsibility for Managing Funds

Find information regarding fiscal responsibility for managing funds.

As with all UC funds, department fiscal personnel, PI’s and lead administrators are responsible for the proper management and oversight of gift funds, whether Regents or Foundation.

Additionally, departments are responsible for ensuring that there is sufficient cash in a gift fund at all times. Pledges are not allocated and there is not guarantee that a pledge will be paid or that another gift will be made by a donor. Gift funds should never be in deficit.