The Libraries portion is assigned according to a formula.
Endowed funds are moneys obtained as gifts from donors.
Since the gifts are endowments, the selector cannot use the principal, but rather gets the interest from the endowment deposited in a fund account. The procedures for this are outlined below under Automatic Assignment of Alternate Funds . The Fiscal and Data Services Team has prepared a detailed Fiscal Year Planning Calendar . If not, allocations will be made as soon as the budget becomes available. Unencumbered general funds are pooled for desiderata or special needs purchases.