Division of Financial Services
Accounting
| Interest Income, Dividends, Realized and Unrealized Gains and Losses | Investment income includes interest income, dividends earned, and other investment gains, net of losses. Interest income, dividends, and realized gains and losses should be recognized when earned. Investments are generally reported at fair value and that unrealized gain or loss should be reported along with realized gains and losses. |
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| Required Documentation | Bank/investment/fund statements. |
| Procedural Notes | Use is limited to University Accounting/WCMC GA. Permitted Ithaca object codes:
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| Endowment Payout | Endowment payout represents the amounts distributed for spending from funds invested in the Long-Term Investment Pool (LTIP). The payout amount is set annually by the board of trustees. |
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| Required Documentation | Payout rate is authorized by the board of trustees and documented in board minutes. Alternate payout instructions are documented in donor agreements. |
| Procedural Notes | Use is limited to Accounting (Ithaca or WCMC). Permitted Ithaca object code:
Permitted WCMC GL code: 45xxxx |
