The update to the policy is required due to campus decision to eliminate the distribution of Short-Term Investment Pool (STIP) interest earnings and penalties to administrative control points, including auxiliary units.

As of July 1, 2024, all STIP earnings, both positive and negative, generated by fund balances held by campus administrative and auxiliary units will now flow to the Core Financial Plan. No change will be made to our STIP distribution practices for the schools and IGHS. STIP earnings will continue to flow for any contracts and grants requiring the distribution of STIP earnings. We are working to implement this change effective July 1, 2024.