Journals earn revenue from subscriptions, royalties, reprint permissions, and fundraising. This money is held by the University, and as such, subject to university policy and regulations. Expenditures from these accounts must have a clear connection to the business purpose of a scholarly journal.
Even if an expenditure is 'allowable' you must have the funds available in order to purchase it!
Examples of allowable expenditures with a clear business purpose include (though are not limited to):
* though these type of expenditures are 'allowable', there are a lot of variables for which UC and Law School policies regulate what/ how/ and when they must be handled. It is imperative to discuss these events AHEAD OF TIME with the Journal Administrator to ensure that they are planned in a manner so that expenses/ purchases/ reimbursements will be made.
With reduced incoming revenue, just because something is an ‘allowable’ expenditure under UC Policy, is it a smart use of your funds?
Offset less (or zero!) incoming revenue with smarter fiscal spending habits:
Declining revenue is never going to ‘rebound’, so keep in mind that you’re spending your journal’s reserves and against your journal’s financial future
Though the following items CANNOT be purchased using your university funds, they may be purchased using membership dues which are held in your journal's external checking account: