The following frequently asked questions are common among those contemplating University Malaya (UM). This page provides answers to these questions and provides links to useful UM websites that provide additional answers.
All trust funds have their own Terms of Reference (TOR) that details the rules and regulations for the particular fund. All expenses to be incurred must be approved by the members of the fund Committee. The primary consideration when budgeting for a trust fund is that expenditure is limited by funds available, that is income earned in the year plus reserves brought forward from previous years.
What happens to unspent money for Trust Fund at the end of the financial year?
Funds allocated but unspent at the end of a financial year may in some cases (subject to TOR) be carried forward for use in subsequent years.