Policies

The University of California, Berkeley (“the campus”) will protect the environment, enforce environmental regulations, and take appropriate actions, including possible legal action, against violators through the UC Berkeley Environmental Enforcement Code (“Environmental Code” or “Code”).

Regulates interest income from the Regents' Short Term Investment Pool (STIP). The Chancellor will generally retain the interest income received for funds with positive cash balances, though when governmental or University regulation require the campus to distribute STIP income to the fund source, the income will be credited to the fund. For funds with negative cash balances, a charge will be assessed on certain fund types. Donors will be informed as appropriate.

All funds must be spent in accordance with University policy, applicable state and federal law, and sponsor terms and conditions. Principal Investigators (PIs) are responsible for the management and administration of their awards including all expenditures of project funds. Only allowable, allocable, and reasonable technical and administrative costs may be charged directly to sponsored agreements. Direct costs must be given consistent treatment as either a direct or an indirect cost.

Any non-expendable, tangible personal property item purchased for $5,000 or more and with a useful life of one year or more must be added to the University's inventory of personal property. This threshold may be superseded by other government, state, or other funding source terms and conditions associated with the funding and University purchase of assets associated with a funded project. To exercise appropriate stewardship of departmental assets, departments may employ additional asset tracking requirements for those items under $5,000 and deemed at risk to loss.