The 2022-23 Budget: California State University

Feb 15, 2022 - As  we have noted in previous analyses, CSU has been found to be drawing from beyond these pools in recent years, and it likely continues to do so. In past periods, the state has expected the universities to tighten freshman admission policies when they were found to be drawing from beyond these pools.
https://lao.ca.gov/Publications/Report/4537

An Analysis of University Cash Management Issues

Nov 10, 2020 - Investing Cash State Pools Cash in Short-Term Investment Account. Rather than let cash sit idly, the state invests its cash surpluses. The state pools cash from the General Fund, special funds, funds from participating local entities, and other funds into a single investment account (the Pooled Money Investment Account, or PMIA).
https://lao.ca.gov/Publications/Report/4293

The 2019-20 Budget: Higher Education Analysis

Feb 21, 2019 - UC Drawing From Beyond Its Traditional Eligibility Pool. According to the state ’s most recent eligibility study, UC drew from 13. 9  p ercent of high school graduates in 2015 ‑16. This is higher than UC ’s traditional pool (12. 5  p ercent).
https://lao.ca.gov/Publications/Report/3946

The 2022-23 Budget: Analysis of Major UC Proposals

Feb 2, 2022 - As we have noted in previous analyses, UC has been found to be drawing from beyond these pools in recent years and likely will continue to do so. In  past periods, the state has expected UC to tighten freshman admission policies when it was found to be drawing from beyond these pools.
https://lao.ca.gov/Publications/Report/4511

The 2020-21 Budget: Higher Education Analysis

Feb 20, 2020 - Through periodic eligibility studies, CSU is able to determine if it is drawing its freshman admits from its Master Plan eligibility pool. If CSU is drawing from a smaller or larger pool, the state traditionally has expected CSU to adjust its admission requirements acc ordingly.
https://lao.ca.gov/Publications/Report/4168

The 2021-22 Budget: Hastings College of the Law

Feb 22, 2021 - Hastings plans on increasing its employee salary pool of 3  p ercent, which would cover a mix of merit salary increases for faculty and nonrepresented staff as well as general salary increases for its represented employees.
https://lao.ca.gov/Publications/Report/4383

The 2026-27 Budget: University of California

Feb 26, 2026 - UC places its pooled cash in investment accounts and uses some of the annual investment earnings to support core operations. UC also receives overhead revenue associated with federal contracts and grants —known as federal indirect cost recovery —that helps support campus research infrastructure and certain central administrative costs.
https://lao.ca.gov/Publications/Report/5143

California Community Colleges—Managing Cash in a Time of State Payment Deferrals

Dec 18, 2020 - In turn, they typically invest these proceeds in county investment pools until they need the cash to cover monthly operating costs. Currently, county investment pools generally are earning more than half of 1  p ercent.
https://lao.ca.gov/Publications/Report/4307

The 2020-21 Budget: Analyzing UC and CSU Cost Pressures

Dec 18, 2019 - The Legislature also has expected the universities to adjust their freshman admission requirements such that they continue drawing from their designated eligibility pools. State Has No Explicit Policy on Graduate Enrollment.
https://lao.ca.gov/Publications/Report/4127

The 2025-26 Budget: University of California

Feb 27, 2025 - One way has been to place its pooled cash in investment accounts and use some of the annual investment earnings to support core operations. In UC ’s 2024 ‑25 budget plan, it identified $90  million in investment earnings that it designated for its core operations.
https://lao.ca.gov/Publications/Report/4998