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  • Policy Number: FA.04.002
  • Version: Original
  • Drafted By: Missy Jarnagin
  • Approved By: Erika D. Beck
  • Approval Date: 10/17/16
  • Effective Date: 10/17/16
  • Supercedes: N/A


To provide guidelines for CSU Channel Islands (CSUCI) operating, auxiliary enterprises, and auxiliary organizations in establishing adequate reserves and reporting proper reserve designations to the Office of the Chancellor and the State of California. The University and Auxiliaries shall establish, review, and approve the funding levels annually in accordance with this policy, the established budget process, and the availability of funds.


The establishment of adequate reserves for auxiliary organizations is required to meet the California State University financial standards established in Education Code, Section 89940(b). CSUCI is adopting this requirement for all entities and/or funds established to support the mission of the University. These include but are not limited to the campus operating fund, Extended University, student housing funds, parking funds, Site and Finance Authorities, University Auxiliary Services, Associated Students Inc., and the CSUCI Foundation. The guidelines established in this policy will serve as a foundation for establishing fund specific reserves.



The Chief Financial Officer (CFO) is responsible for monitoring reserves to ensure that amounts are in compliance with this policy and are consistent with campus plans and requirements. (ICSUAM policy 2001-00)


The policy applies to all University administrative and academic units, auxiliary enterprises, and auxiliaries organizations.




Please view policy in the above link.



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