UC Santa Barbara                                      Policy 4460
  Policies                                              
  Issuing Unit: Student Affairs                         Date: February 1, 1985
  
  
  
  
                  PAYMENT OF MATCHING FUNDS FOR
                       WORK-STUDY PROGRAM
                                
  I.   REFERENCES:
  
       A.   University of California Business and Finance Bulletin, A-26.
       
       B.   Chancellor Cheadle's memorandum to Policy Distribution, Payment
            of Matching Funds for Work-Study Program, dated August 10,
            1970.
       
  II.  POLICY:
  
       The Work-Study Program is intended to allocate federal funds to
       universities to assist in the employment of university students
       needing financial aid.  The employment may be within the university,
       or in outside agencies contracting with the university.  The federal
       government and the university or contracting agency each contributes
       a portion of the wages.  The federal-institution/contracting agency
       ration of contribution cannot exceed 80 percent of the total work-
       study payroll.
       
       Funding of expenditures for this program may be from any fund source
       available for current operations, for example, general funds,
       private gifts and grants, and outside agencies.  These matching
       funds, i.e., 20 percent of the total payroll, must be deposited with
       the UCSB Accounting Office prior to the student's first working day,
       for each financial quarter (ending dates: September 30, December 31,
       March 31, June 31).
       
       Any unexpected balance will be either refunded or held over in a
       continuing account.

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Last Modified By: EBH, 7/09/98