Published on Finance Division (https://www.finance.admin.cam.ac.uk)

Home > Policy & Procedures > Financial Procedures > Chapter 14 - Accounting for donations and grants > Principles and practices on the acceptance of donations > Availability of funds

Availability of funds

Donations are not available for investment or spending until they have been received and credited to an income account in the relevant Department. Heads of Department must ensure that donation accounts and trust funds are maintained in credit.1

Departments are not entitled to commit expenditure based on a pledge of a gift to be received in the future. Although, the University does not account for pledges on UFS, CUDAR tracks pledges made in favour of the University and its Departments.

 

 

 

 

1 Regulation 14.2, Financial Regulations 2016 [1]


Source URL:https://www.finance.admin.cam.ac.uk/policy-and-procedures/financial-procedures/chapter-14-accounting-donations-and-grants/principles-4

Links
[1] https://www.finance.admin.cam.ac.uk/policy-and-procedures/financial-regulations/d-income-and-expenditure