On February 15, 2013, SHEEO staff sent a query to agency finance officers with the following three queries:
QUERY ONE: Has your system or university issued bonds or other tax exempt debt to finance low-interest student financial aid programs?
QUERY TWO: Does your system or institution have tuition set-aside policies for allocating institutional resources for financial aid, need or merit based? If so, please provide a link to the policy or other information.
QUERY THREE: Regarding Reserve Balances:
- Please share your practice and policy regarding your institution’s establishment and maintenance of an operating / unrestricted fund reserve, if any. Please provide any relevant links, guidance or authoritative literature.
- Which authority established your reserve policy (Governing Board, President, Chancellor, other)?
- What are the minimum and maximum cash reserve levels set aside / held and what basis and methodology used to measure the adequacy or sufficiency of the reserve each year?
- At what level of the organization are the reserves maintained? At a system or campus level? At a department or program level?
Responses from the agencies can be found here.