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  3. What are the NC State University Trust Fund Guidelines and where can I find it?

What are the NC State University Trust Fund Guidelines and where can I find it?

A trust fund is an account established for deposit and disbursement of funds that are not controlled through the state budget process. General Statute 116-36.1 allows the university to establish accounts or trust funds outside state budget codes for certain categories of funds:

  • Gifts
  • Contracts, Grants and Agreements
  • Sales and Service Enterprises
  • Student Extracurricular Activities
  • Fees for Services for Health Care Professionals
  • Intercollegiate Athletics
  • Agency Funds

The NC State Trust Fund Guidelines provide assistance for faculty and staff in understanding what trust funds are and how they are accounted for, regulated and applied.

Read more:

Policy, Regulations & Rules on Accounting Trust Fund – Definitions

Updated on September 30, 2021

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