331xxx-333xxx: Investment Income
Interest, dividends, or rental income resulting from the investment or lending of University funds should be recorded in this series of G/L accounts. Gains and losses realized on the sale of investments are not recorded in these G/L accounts, but are recorded in the gain/loss G/L accounts of the 34xxxx, Other Revenue series.
The spendable portion of investment income earned on Endowment Funds is transferred annually to a Current Unrestricted, Current Restricted, Loan or Plant fund. This transfer is done by charging G/L account 332900- Income Distributed (Contra) on the Endowment fund and crediting a 31xxxx, Endownment Income G/L account on the receiving cost object.