Title: Endowment Trust Fund Income
876/285 SEG Continuing 20.285 (1) (u) Yes
All moneys received as trust fund income under s. 36.03, 1969 statutes.
Statute 36.03 (3), 1969 stats. describes the role of the state treasurer in the custody, income collection, pay out of moneys, etc. relative to the trust funds.
Institutions Which Have Budget Authority for This Appropriation:
Allowable Major Classes of Expense/Revenue:
All major classes
Special Restrictions or Policies/Procedures:
- Position Control Policies
s. 16.505 (2m) applies, see Appendix A.
- Budget Control/Transfers/Overdrafts
See FAP - Budget Transfers (F5) for these limitations.
- Activity Code Limitations
Every activity has some budget authority. See Activity Codes and Definitions for descriptions.
Year-End Instructions (lapse, carry forward, etc.):
The current year budget balance must be lapsed back to the state at the end of the year, while the cash balance moves forward to the new year. The new year budget is increased by encumbrances carried forward. Refunds of prior year expenditures are deposited to this appropriation using the code of the original expenditure.
Special Instructions on Salaries/Fringe Benefits: