The market value adjustments and posting of income for the Endowment Pool will be recorded in the Thermidor period and will be done in time to be reflected in the beginning balances for the July Management Reports. Actual year-end balances and totals will be available by selecting the Thermidor accounting period when viewing Management Reports on the web.
The current spending policy for endowments requires the income distribution to be dependent on market values at the end of the quarter. Due to the way the calendar falls this year, as well as next year, those values are not available in time for the market value adjustments and income to be recorded in the June Management Reports. Other years there may be sufficient time to record those transactions in June.
