Procurement Policies and Procedures


FUNDS 21, 22, & 23

Restricted monies residing in fund code 21, scholarships, fund code 22 endowed related programs and fund code 23, gifts and other restricted, must be used for expenditures in accordance with State guidelines and if applicable, must comply with any donor restrictions. These funds should be used in the same manner as would the use of appropriated funds. In general these funds are available to help supplement the purchase of those items for which unrestricted budgeted funds are not sufficient. Expenditures that do not meet State guidelines may be allowable when paid with Foundation funds on a Foundation voucher that comply with CUF Policy.