Short Term Investment Pool (STIP) Distribution Procedures

UC Irvine’s Short Term Investment Pool (STIP) Calculation

UCOP distributes monthly STIP income to the campus based on average daily STIP balance. On a quarterly basis, the campus calculates STIP distributions for each fund. The calculation process is as follows:

• For every fund, the average three-month fund balance is calculated based on KFS ledger financial data. Each fund’s STIP distribution is calculated as a share of the quarterly STIP income available for campus distribution based on the fund’s average three-month fund balance as a share of the campus’ total average three-month fund balance.
• The quarterly STIP income available for campus distribution is calculated as (i) STIP income distributed from UCOP plus (ii) monthly STIP rate * monthly Total Return Investment Pool (TRIP) book value for the quarter¹ less (iii) medical center STIP income².

STIP Fund Distribution

Although STIP earnings are calculated for every fund, distribution procedures vary based on UC Policy and UC Irvine practice.

The following fund groups will receive STIP income distributions:

• Auxiliary
• Continuing Education
• Extramural Funds as required by the Agency
• Federal Loan
• General Funds
• Gifts as required by the gift agreement
• Student Services Fee

STIP earnings for all other funds not specified above are directed to the STIP Earnings - Chancellor’s Fund.

STIP Ledger Entries

STIP distribution entries are recorded as TRCD X798, X787, H211, or C001 transactions in the Income section of Control Accounts under the Doc Type “STIP.” Entries include a financial transaction for the quarterly positive or negative STIP amount.