For questions regarding STIP, please contact: [email protected]
STIP Definition
The Short Term Investment Pool (STIP) is an investment pool consisting of assets remaining in The Regents' central bank accounts after disbursements, which are invested by the Chief Investment Officer of The Regents in short-term securities.
STIP income is the interest earned on the average daily balance held in the bank at the system-wide level. It is distributed from UCOP to each campus as a lump sum at the end of every month.
Calculation of STIP
- The monthly STIP rate is calculated by taking the total STIP income received from UCOP and dividing it by the campus-wide Net Position for that month.
- To determine the STIP earned by a Fund or Project, the Net Position for that Fund-DeptID-(Project) is multiplied by the monthly STIP rate.
- If the Net Position is a credit balance, the Fund-DeptID-(Project) will earn STIP income.
- If the Net Position is in deficit, the Fund-DeptID-(Project) will earn STIP expense.
- If the Net Position is between $1,000 and -$1,000, no STIP will be distributed.
Distribution of STIP
As of July 1, 2025, STIP is only distributed to non-university Agency funds and sponsor-directed funds that require interest earnings to be posted to the Project.
Agency Funds
- STIP on Agency Funds is distributed to the original Fund and original DeptID.
- STIP earnings on Agency Funds are capped at 1%.
Sponsor STIP Restricted Awards
- STIP earnings are distributed to the original Fund, original DeptID, original Project, and original Activity Period.
- Sponsor STIP Restricted Awards are identified in the Research Administration System.
- STIP earnings on Sponsor STIP Restricted Awards are not capped.
- At year-end, CGA will review the net annual STIP on federal sources, and any net positive STIP will be credited to the award that earned it.
STIP Accounts
| Account Type | Account | Account Name |
|---|---|---|
| Revenue | 49140 | STIP invest income-current |
| Revenue | 49141 | STIP invest income-loan |
| Revenue | 49142 | STIP invest income-plant |
| Revenue | 49143 | STIP invest income-roi |
| Revenue | 49144 | STIP invest income-rrpl |
| Expense | 59140 | STIP invest expense-current |
| Expense | 59141 | STIP invest expense-loan |
| Expense | 59142 | STIP invest expense-plant |
| Expense | 59143 | STIP invest expense-roi |
| Expense | 59144 | STIP invest expense-rrpl |
Important Notes
- 49140/59140 are not an offsetting matched pair.
- To transfer STIP between DeptID or Project ID, use Account 78005 on both sides of the journal.
- Do not use the original posting level accounts listed above.
- 44150 is only to be used by the Controller’s Office to post the STIP campus earnings from UCOP.