Policy on Approving New Position Funded Through Restricted or Endowment Accounts through a Memorandum of Agreement
On occasion, it may seem prudent to create a new position for a program or center/institute that would be funded through a restricted or endowment account. If at some point in the future, the position out lives its purpose or the original source of funding used to create the new position is no longer sufficient to sustain the position, the position should be terminated.
To support sound budgeting practices, the use of unrestricted funds cannot be used to supplement or maintain a position that was originally approved through a restricted or endowment account. If the unit desires to maintain the position, it must be reassigned to a current position line. If this option is not feasible, the position will be terminated due to lack of resources.
The position created through a restricted or endowment account should be reviewed annually to ensure the position is achieving the goals as identified in the program proposal and delineated in the memorandum of agreement supporting the original approval.
The Memorandum of Agreement will be approved by the dean and provost and the template for the Memorandum of Agreement is included.
Policy issued in writing on August 16, 2017 by Daniel J. Myers, Provost