3726.15  INTERNATIONAL PROGRAM TRUST, NO. 948/464

References:  Education Code, Sections 89721 and 89722; Operating Manual, 
dated August 19, 1976, issued for the International Program Trust.

The International Program Trust Subfund was established to facilitate the 
collection of money from students participating in the California State 
University International Program Trust activities and for the paying of 
expenses associated with that program.

This Trust is restricted to use in the Chancellor's Office.  When campuses 
collect monies from International Program students, the monies will be 
remitted to the International Program Office in the Chancellor's Office.

!	Students will deposit with the International Program the amount of 
	money equal to their budget for travel, room and board, and college 
	fees.

!	Students will commit the deposit of their awarded Financial Aid funds 
	to the International Program

	Subfund in an amount equal to their anticipated expenses for travel, 
	room and board, and fees.

!	The General Fund advanced $50,000 to the State College Trust Fund---
	International Program to be
	used as working capital.

!	Field administrators (resident directors) located in various countries 
	have local control over the
	bank account established in their respective countries.

!	All expenditures made by field administrators are made in the first 
	instance from program funds.

!	Based on reports received from the field administrators, the 
	International Program's Central Office obtains reimbursements from 
	the program funds on that portion of expenditures properly chargeable
	against the State Appropriated Funds (i.e., General Fund).

!	Funds in excess of working capital are remitted to the State Treasury for 
	investment in the Surplus Money Investment Fund.

!	Detailed student account cards are maintained for student loans and 
	income collected in advance.

	Totals of ledger accounts 155X and 2102 should always equal the balance 
	of the student account cards.

!	Interest earned on investments can be used to cover accounts 
	receivable which have been approved for writeoff.  Should this be 
	insufficient, and insufficient funds are available in surplus, the
	students will be charged a maximum of $5.00 each to cover the deficit.

 1.	Trust Projects

	See General Guidelines, SUAM Paragraph 3710.01.

 2.	Trust Agreements

	See General Guidelines, SUAM Paragraph 3710.02.

 3.	Working Capital

	See General Guidelines, SUAM Paragraph 3710.03.

 4.	Budgets

	See General Guidelines, SUAM Paragraph 3710.04.

 5.	General Accounting

	See General Guidelines, SUAM Paragraph 3710.05 et seq.

 6.	Receipts

	See General Guidelines, SUAM Paragraph 3710.06.

 7.	Disbursements

	See General Guidelines, SUAM Paragraph 3710.07.

 8.	Purchasing

	See General Guidelines, SUAM Paragraph 3710.08.

 9.	Personnel/Payroll

	See General Guidelines, SUAM Paragraph 3710.09.

10.	Investments

	See General Guidelines, SUAM Paragraph 3710.10.

11.	Insurance

	See General Guidelines, SUAM Paragraph 3710.11.

12.	Reimbursement to General Fund

	See General Guidelines, SUAM Paragraph 3710.12.