Finance Office

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Spending Allowance

The spending allowance represents the available “budget” for an endowment during the fiscal year. Spending allowances will be calculated in the fall before the beginning of each new fiscal year. A schedule will be forwarded to the President, Vices Presidents, the Deans of each school, and other involved departments by December 1. The approved amount is uploaded to Oracle by June 30 before the new fiscal year.