Summary: UNIVERSITY OF HOUSTON SYSTEM
SECTION: Fiscal Affairs NUMBER: 03.G.02
AREA: General Accounting
SUBJECT: Agency Funds
May 15, 1992; Revised January 31, 2009 Page 1 of 2
The University of Houston System acts in a fiduciary capacity for agency funds. This
document establishes guidelines for accountability by the System for such funds.
Regulations and accounting requirements shall be established by each component
university to ensure the safekeeping and proper administration of agency funds.
Agency Funds: Funds in the possession of the component university for which it is
custodian or fiscal agent but not owner. These include deposits by faculty, staff members,
students and student organizations, and external third parties.
Regulations and accounting requirements shall include, but not be limited to, the
a. Requiring that all organization cost centers have a department sponsor to assume