2023-07-06T23:00:09+00:00 2022-08-31 990 2021-09-01 742765082 The University of TexasTexas A&M Investment Management Company UNIV 5122251600 210 W 7TH STREET 1700 AUSTIN TX 78701 RICHARD L HALL PRESIDENT, CEO AND CIO 5122251600 2023-07-06 JOAN MOELLER 999009999 2021 2023-04-26 12:10:37Z RICHARD L HALL 210 W 7TH STREET 1700 AUSTIN TX 78701 60868084 false X WWW.UTIMCO.ORG X 1996 TX To provide professional investment management and related services for the funds under management and control of the Board of Regents of The University of Texas System. 9 8 149 0 0 0 0 0 55617711 60648574 18012 202060 0 0 55635723 60850634 0 0 0 0 43236578 39125558 0 0 0 12526532 13606694 55763110 52732252 -127387 8118382 70985526 64562324 46116838 37575254 24868688 26987070 To generate superior long-term investment returns to support The University of Texas and Texas A&M University systems as they provide world-class teaching, push the boundaries of discovery, and achieve excellence in patient healthcare for the people of Texas and beyond. false false 46581748 0 60648574 Investment of funds under the control and management of the Board of Regents of The University of Texas System. 46581748 true false false false false false false false false true false false true true false true true false false false false false false false false false false false true false false false false false false false false false false false false false true false true false true 29 0 true 149 true false false false false false false true false X 9 8 false false false false false true true true true false false true true true true true true true true false X UTIMCO - KIM BAUER 5122251600 210 W 7TH STREET SUITE 1700 AUSTIN TX 78701 JAMES B MILLIKEN DIRECTOR/VICE CHAIRMAN FOR POLICY 1.0 39.0 X X 0 918683 50091 JAMES CONRAD WEAVER DIRECTOR/CHAIRMAN 1.0 X X 0 0 0 JEFFERY D HILDEBRAND DIRECTOR/CHAIRMAN 1.0 X X 0 0 0 JODIE LEE JILES DIRECTOR/VICE CHAIRMAN FOR POLICY 1.0 X X 0 0 0 RAY ROTHROCK DIRECTOR/VICE CHAIRMAN 1.0 X X 0 0 0 CLIFTON L THOMAS JR DIRECTOR 1.0 X 0 0 0 JANET HANDLEY DIRECTOR 1.0 X 0 0 0 JANIECE LONGORIA DIRECTOR 1.0 X 0 0 0 RAY NIXON DIRECTOR 1.0 X 0 0 0 ROBERT GAUNTT DIRECTOR 1.0 X 0 0 0 AMANDA HOPPER MANAGING DIRECTOR 40.0 X 762544 0 561769 CAROLINA DE ONIS GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER 40.0 X 593620 0 300471 COURTNEY POWERS MANAGING DIRECTOR 40.0 X 777942 0 719281 EDWARD LEWIS MANAGING DIRECTOR 40.0 X 1286753 0 711623 GARY HILL MANAGING DIRECTOR 40.0 X 384577 0 221665 JAMES R KAMPFE MANAGING DIRECTOR 40.0 X 788113 0 571167 JOAN MOELLER COO, CORP. SECRETARY & TREASURER 40.0 X 735811 0 349835 KENNETH REEVES SR MANAGING DIRECTOR 40.0 X 16304 0 0 MICHAEL DEAN MANAGING DIRECTOR 40.0 X 403629 0 200874 MICHAEL SJOLANDER CHIEF TECHNOLOGY OFFICER 40.0 X 533831 0 267952 PATRICK PACE MANAGING DIRECTOR 40.0 X 1002342 0 833829 RICHARD L HALL CHIEF INVESTMENT OFFICER 40.0 X 2634054 0 2384885 RODNEY R RUEBSAHM SENIOR MANAGING DIRECTOR 40.0 X 1337498 0 1123775 SCOTT SLAYTON MANAGING DIRECTOR 40.0 X 1094670 0 51246 SUSAN CHEN SENIOR MANAGING DIRECTOR 40.0 X 1354015 0 864140 THOMAS BRITTON HARRIS IV PRESIDENT AND CHIEF EXECUTIVE OFFICER 40.0 X 3900091 0 3155683 UZIEL YOELI MANAGING DIRECTOR 40.0 X 899023 0 615756 ANNA CECILIA GONZALEZ CORPORATE COUNSEL & CHIEF COMPLIANCE OFFICER 40.0 X 264095 0 17123 ANTHONY CARUSO SENIOR DIRECTOR 40.0 X 610585 0 501601 HARLAND DOAK SENIOR DIRECTOR 40.0 X 733062 0 511450 KENNETH STANDLEY SENIOR DIRECTOR 40.0 X 623253 0 441108 MUKUND JOSHI SENIOR DIRECTOR 40.0 X 702989 0 415124 WILLIAM MIRSHAK SENIOR DIRECTOR 40.0 X 580288 0 45850 22019089 918683 14916298 85 false true false BLOOMBERG LP PO Box 416604 Boston MA 022416604 FINANCIAL SERVICES 1037516 DPR CONSTRUCTION 310 COMAL STREET BLDG A AUSTIN TX 78702 BUILDING CONSTRUCTION 840814 ERNST & YOUNG 200 PLAZA DRIVE SEACAUCUS NJ 07094 CONSULTING SERVICES 839900 VINSON & ELKINS 1001 FANNIN STREET SUITE 2500 HOUSTON TX 770026760 LEGAL SERVICES 168738 DELOITTE & TOUCHE LLP PO BOX 844708 DALLAS TX 752844708 AUDITING SERVICES 107719 5 0 0 0 0 0 0 0 0 MANAGEMENT FEES 523920 60648574 60648574 0 0 0 0 0 0 60648574 203210 0 0 203210 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16300 0 17450 0 -1150 -1150 0 0 -1150 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 60850634 60648574 0 202060 0 0 0 0 0 0 0 0 14684714 11013535 3671179 0 0 0 0 0 18478733 18478733 0 0 1470167 1257565 212602 0 1930149 1651029 279120 0 2561795 2191332 370463 0 0 0 0 0 184607 0 184607 0 107201 91699 15502 0 0 0 0 0 0 0 0 0 0 0 562544 481194 81350 0 0 0 0 0 87111 74514 12597 0 2933950 2933950 0 0 0 0 0 0 663353 567425 95928 0 452221 452221 0 0 0 0 0 0 108878 93133 15745 0 204377 174822 29555 0 0 0 0 0 4169605 3566635 602970 0 69495 59445 10050 0 SUBSCRIPTIONS 1215296 1215296 0 0 CONTRACT SERVICES 1199061 1025664 173397 0 REPAIRS & MAINTENANCE 310779 265837 44942 0 EMPLOYEE DEVELOPMENT 505700 432570 73130 0 832516 555149 277367 0 52732252 46581748 6150504 0 0 0 0 0 68480 174594 36307964 33992247 0 0 4629 98 0 0 0 0 0 0 0 0 1442223 1487520 37957802 12428891 29592386 25528911 0 0 0 0 0 0 3569844 3378954 70985526 64562324 20259355 14141950 0 0 0 0 0 0 0 0 0 0 0 0 0 0 25857483 23433304 46116838 37575254 0 0 0 0 X 0 0 0 0 24868688 26987070 24868688 26987070 70985526 64562324 X 8118382 -6000000 X false true X true false X X 1 THE UNIVERSITY OF TEXAS SYSTEM 300710145 6 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false 0 0 0 0 0 0 0 0 11371721 4409648 6962073 0 2146612 1616148 530464 0 24439469 6403095 18036374 25528911 ARTWORK TOTAL 5767 DEFERRED COMPENSATION PLAN ASSETS (457B) 3373187 DEPOSITS 3378954 DEFERRED COMPENSATION PLAN OBLIGATIONS (457B) 3373187 CURRENT PORTION-LEASE LIABILITY 2320315 LONG-TERM PORTION-LEASE LIABILITY 17739802 23433304 60850634 0 0 60850634 0 0 60850634 52732252 0 0 52732252 0 0 52732252 X X X X X false true false false false false false true false JAMES B MILLIKEN DIRECTOR/VICE CHAIRMAN FOR POLICY 0 892016 0 0 0 26667 0 24650 0 25441 0 968774 0 0 THOMAS BRITTON HARRIS IV PRESIDENT AND CHIEF EXECUTIVE OFFICER 834205 0 3062772 0 3114 0 3129876 0 25807 0 7055774 0 3062772 0 RICHARD L HALL CHIEF INVESTMENT OFFICER 635168 0 1996247 0 2639 0 2368278 0 16607 0 5018939 0 1837110 0 RODNEY R RUEBSAHM SENIOR MANAGING DIRECTOR 419373 0 915032 0 3093 0 1095975 0 27800 0 2461273 0 820292 0 SUSAN CHEN SENIOR MANAGING DIRECTOR 421755 0 929483 0 2777 0 843643 0 20497 0 2218155 0 835265 0 EDWARD LEWIS MANAGING DIRECTOR 395815 0 888000 0 2938 0 684287 0 27336 0 1998376 0 798411 0 PATRICK PACE MANAGING DIRECTOR 359373 0 640330 0 2639 0 806741 0 27088 0 1836171 0 596636 0 UZIEL YOELI MANAGING DIRECTOR 343576 0 552508 0 2939 0 598020 0 17736 0 1514779 0 552508 0 COURTNEY POWERS MANAGING DIRECTOR 296303 0 478958 0 2681 0 690411 0 28870 0 1497223 0 433867 0 JAMES R KAMPFE MANAGING DIRECTOR 298970 0 488304 0 839 0 541297 0 29870 0 1359280 0 488304 0 AMANDA HOPPER MANAGING DIRECTOR 296781 0 463524 0 2239 0 533376 0 28393 0 1324313 0 421020 0 SCOTT SLAYTON MANAGING DIRECTOR 362399 0 729633 0 2638 0 24650 0 26596 0 1145916 0 669198 0 JOAN MOELLER COO, CORP. SECRETARY & TREASURER 397508 0 335364 0 2939 0 337931 0 11904 0 1085646 0 335364 0 CAROLINA DE ONIS GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER 372107 0 218874 0 2639 0 273875 0 26596 0 894091 0 218874 0 MICHAEL SJOLANDER CHIEF TECHNOLOGY OFFICER 355000 0 176192 0 2639 0 261324 0 6628 0 801783 0 176192 0 GARY HILL MANAGING DIRECTOR 243637 0 138402 0 2538 0 191795 0 29870 0 606242 0 0 0 MICHAEL DEAN MANAGING DIRECTOR 261576 0 139114 0 2939 0 183138 0 17736 0 604503 0 119818 0 ANNA CECILIA GONZALEZ CORPORATE COUNSEL & CHIEF COMPLIANCE OFFICER 154963 0 108553 0 579 0 13231 0 3892 0 281218 0 98947 0 HARLAND DOAK SENIOR DIRECTOR 284637 0 446087 0 2338 0 481580 0 29870 0 1244512 0 446087 0 MUKUND JOSHI SENIOR DIRECTOR 264373 0 436506 0 2110 0 387324 0 27800 0 1118113 0 326311 0 ANTHONY CARUSO SENIOR DIRECTOR 249505 0 358970 0 2110 0 474014 0 27587 0 1112186 0 0 0 KENNETH STANDLEY SENIOR DIRECTOR 244970 0 375873 0 2410 0 412238 0 28870 0 1064361 0 0 0 WILLIAM MIRSHAK SENIOR DIRECTOR 215421 0 362798 0 2069 0 19793 0 26057 0 626138 0 0 0 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan FOLLOWING ARE THE NAMES OF THE LISTED PERSONS PAID AMOUNTS FOR THE 2021 CALENDAR YEAR UNDER AN ARRANGEMENT DESCRIBED IN 4B: THOMAS BRITTON HARRIS IV $3,062,772 RICHARD HALL $1,996,247 RODNEY R. RUEBSAHM $915,032 SUSAN CHEN $929,483 EDWARD LEWIS $888,000 PATRICK PACE $640,330 UZIEL YOELI $552,508 COURTNEY POWERS $478,958 JAMES R. KAMPFE $488,304 AMANDA HOPPER $463,524 HARLAND DOAK $446,087 SCOTT SLAYTON $729,633 MUKUND JOSHI $436,506 ANTHONY CARUSO $358,970 JOAN MOELLER $335,364 KENNETH STANDLEY $375,873 CAROLINA DE ONIS $218,874 MICHAEL SJOLANDER $176,192 WILLIAM MIRSHAK $362,798 GARY HILL $138,402 MICHAEL DEAN $139,114 ANNA CECILIA GONZALEZ $108,553 Schedule J, Part I, Line 7 Non-fixed payments AS DISCUSSED IN SCHEDULE O, PART VI, SECTION B, LINE 15A AND B, BASE SALARIES AND PERFORMANCE AWARDS OF KEY INVESTMENT AND OPERATIONS EMPLOYEES ARE DETERMINED PURSUANT TO THE PROVISIONS OF THE UTIMCO COMPENSATION PROGRAM (THE PLAN). THE PERFORMANCE AWARD PROVISIONS OF THE PLAN ARE CONSIDERED A NONQUALIFIED RETIREMENT PLAN UNDER 457(F). THE PLAN IS AN UNFUNDED, UNSECURED LIABILITY OF THE ORGANIZATION TO MAKE PAYMENTS IN ACCORDANCE WITH THE PROVISIONS OF THE PLAN. THE PLAN DESCRIBES AND LISTS THE ELIGIBLE POSITIONS. THE UTIMCO EMPLOYEES WHO HOLD AN ELIGIBLE POSITION WILL BE A PARTICIPANT IN THE PLAN. FOR THE PLAN YEARS 2019, 2020, 2021, AND 2022, THE PERFORMANCE PERIODS WERE JULY 1, 2018, TO JUNE 30, 2019, JULY 1, 2019, TO JUNE 30, 2020, JULY 1, 2020, TO JUNE 30, 2021, AND JULY 1, 2021, TO JUNE 30, 2022, RESPECTIVELY. THE PARTICIPANTS MAY BE MEASURED AGAINST TWO CATEGORIES OF PERFORMANCE STANDARDS: (1) QUANTITATIVE PERFORMANCE AND (2) QUALITATIVE PERFORMANCE. THE QUALITATIVE PERFORMANCE STANDARDS ARE ESTABLISHED JOINTLY BY THE PARTICIPANT AND HIS OR HER SUPERVISOR AND ARE APPROVED BY THE CEO. THE CEO'S PERFORMANCE STANDARDS ARE DETERMINED AND APPROVED BY THE UTIMCO BOARD. UPON COMPLETION OF THE PERFORMANCE PERIOD, THE COMPENSATION COMMITTEE AND UTIMCO BOARD DETERMINE A PARTICIPANT'S LEVEL OF ACHIEVEMENT AGAINST THE PARTICIPANT'S PERFORMANCE STANDARDS. BASED ON THE DETERMINATION OF LEVEL OF ACHIEVEMENT, A PERFORMANCE AWARD IS AWARDED. FIFTY PERCENT TO ONE HUNDRED PERCENT OF THE PERFORMANCE AWARD IS PAID TO THE PARTICIPANT WITHIN 170 DAYS OF THE COMPLETION OF THE PERFORMANCE PERIOD BUT NO LATER THAN THE END OF THE CALENDAR YEAR IN WHICH PERFORMANCE PERIOD ENDS. ZERO TO FIFTY PERCENT OF THE PERFORMANCE AWARD IS TREATED AS A NONVESTED DEFERRED AWARD, SUBJECT TO THE TERMS OF THE PLAN. THE PERCENTAGE TREATED AS A NONVESTED DEFERRED AWARD IS DETERMINED BY THE PLAN, BASED ON EACH ELIBILE POSITION. FOR THE PLAN YEARS 2019, 2020, 2021 AND 2022, ONE HALF OF THE NONVESTED DEFERRED AWARDS VEST IN EACH OF THE FOLLOWING TWO YEARS ON THE ANNIVERSARY DATE OF THE PERFORMANCE PLAN FOR PLAN YEAR. IN CERTAIN CIRCUMSTANCES, AWARDS MAY BE SUBJECT TO HAIRCUT OR CLAWBACK PROVISIONS OR EXTRAORDINARY MANDATORY DEFERRALS. IN PLAN YEAR 2022, THE EXTRAORDINARY MANDATORY DEFERRAL PROVISION OF THE PLAN WAS TRIGGERED AND THESE DEFERRED AWARDS VEST ON THE ONE YEAR ANNIVERSARY OF THE PERFORMANCE PLAN YEAR. WHEN A PARTICIPANT MEETS THE RETIREMENT PROVISIONS OF THE PLAN, THE PARTICIPANT'S NONVESTED DEFERRED AWARDS WILL AUTOMATICALLY VEST AND ANY FUTURE AWARDS WILL VEST UPON BEING AWARDED BY THE UTIMCO BOARD. EXCEPT IN LIMITED CIRCUMSTANCES, SUCH AS THE DEATH OR DISABILITY OF A PARTICIPANT, OR INVOLUNTARY TERMINATION FOR REASONS OTHER THAN CAUSE, A PARTICIPANT WHO IS NO LONGER EMPLOYED WITH UTIMCO ON AN ANNIVERSARY DATE WILL FORFEIT ANY NONVESTED DEFERRED AWARDS. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body UTIMCO is governed by a nine-member board of directors as required by Texas Education Code, Section 66.08. UTIMCO's Board of Directors consists of seven members appointed by the UT System Board of Regents and two members appointed by the Texas A&M University System Board of Regents. The seven members appointed by the UT System Board of Regents shall include at least three members of the UT System Board, one qualified individual as determined by the UT System Board which may include the Chancellor of the UT System and three with substantial background and expertise in investments. Of the two members appointed by the Texas A&M University System Board, one must have substantial background and expertise in investments. All directors have equal voting rights. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders AS STATED IN 7A ABOVE, THE BOARD OF REGENTS OF THE UNIVERSITY OF TEXAS SYSTEM APPOINTS SEVEN OF THE UTIMCO DIRECTORS AND THE BOARD OF REGENTS OF TEXAS A&M UNIVERSITY SYSTEM APPOINTS TWO. PURSUANT TO AN INVESTMENT MANAGEMENT SERVICES AGREEMENT, UTIMCO IS GRANTED AUTHORITY TO ACT FOR THE UT BOARD OF REGENTS IN THE INVESTMENT OF THE FUNDS UNDER THE MANAGEMENT AND CONTROL OF THE UT BOARD OF REGENTS. HOWEVER, THE UT BOARD OF REGENTS HAS RETAINED FINAL APPROVAL FOR THE INVESTMENT POLICY STATEMENTS COVERING THE FUNDS UNDER INVESTMENT, THE SELECTION OF THE EXTERNAL AUDITOR FOR THE FUNDS, AND THE SELECTION OF THE CUSTODIAN. IN ADDITION, THE UT BOARD OF REGENTS APPROVES THE PROPOSED ANNUAL UTIMCO OPERATING AND CAPITAL BUDGETS, AUDIT AND ETHICS COMMITTEE MEMBERS, AND KEY GOVERNANCE DOCUMENTS, INCLUDING THE ARTICLES OF INCORPORATION, BYLAWS, CODE OF ETHICS, AND UTIMCO COMPENSATION PROGRAM. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS COMPLETED BY UTIMCO EMPLOYEES. THE SENIOR MANAGING DIRECTOR AND CHIEF OPERATING OFFICER, WHO IS ALSO A CPA AND SERVES AS THE CORPORATION'S SECRETARY AND TREASURER, PERFORMED A DETAILED, LINE BY LINE REVIEW OF THE INFORMATION REPORTED BY UTIMCO EMPLOYEES. THE 990 WAS PROVIDED TO THE PRESIDENT, CEO, AND CIO AND TO THE BOARD OF DIRECTORS. Form 990, Part VI, Line 12c Conflict of interest policy ALL UTIMCO DIRECTORS AND EMPLOYEES ARE REQUIRED TO FILE, UPON COMMENCEMENT OF ASSOCIATION WITH UTIMCO, AND ANNUALLY THEREAFTER, A FINANCIAL DISCLOSURE STATEMENT DISCLOSING PERSONAL INVESTMENTS AND RELATIONSHIPS THAT HAVE THE POTENTIAL TO CREATE CONFLICTS OF INTEREST WITH THE CORPORATION. CONFLICTS CHECKS ARE ALSO PERFORMED BEFORE ANY INVESTMENT IS MADE. ADDITIONALLY, THE UTIMCO CHIEF COMPLIANCE OFFICER REVIEWS THE STATEMENTS FILED BY DIRECTORS AND KEY EMPLOYEES AND PERIODICALLY REVIEWS PUBLICLY AVAILABLE RESOURCES TO INDEPENDENTLY VERIFY THE INFORMATION CONTAINED IN THE FINANCIAL DISCLOSURE STATEMENTS. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE UTIMCO BOARD CREATED A COMPENSATION COMMITTEE IN 1996. THIS COMMITTEE IS TASKED WITH DETERMINING THE BASE SALARIES AND PERFORMANCE AWARDS OF KEY INVESTMENT AND OPERATIONS EMPLOYEES (OTHER THAN THE CEO), PURSUANT TO THE PROVISIONS OF THE UTIMCO COMPENSATION PROGRAM (THE PLAN). THE COMPENSATION COMMITTEE IS ALSO TASKED WITH RECOMMENDING TO THE UTIMCO BOARD OF DIRECTORS, THE BASE SALARY AND PERFORMANCE INCENTIVE AWARD OF THE CEO. PURSUANT TO THE PLAN, THE COMMITTEE MUST HIRE AN INDEPENDENT CONSULTANT AT LEAST ONCE EVERY THREE YEARS TO PERFORM A COMPENSATION BENCHMARKING STUDY. THE INDEPENDENT CONSULTANT ALSO WORKS CLOSELY WITH THE COMMITTEE ON PLAN DESIGN. IN YEARS IN WHICH A FORMAL STUDY IS NOT PERFORMED, BASE SALARIES MAY BE ADJUSTED BASED ON APPROPRIATE PUBLISHED COMPENSATION SURVEYS. THE LAST COMPENSATION BENCHMARKING STUDY WAS COMPLETED IN MAY 2021. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE SPECIFIC POSITIONS INCLUDED IN THE SALARY BENCHMARKING STUDY PERFORMED BY THE OUTSIDE CONSULTANT COMPLETED IN MAY, 2021 WERE AS FOLLOWS: INVESTMENT PROFESSIONALS: CEO & CHIEF INVESTMENT OFFICER DEPUTY CHIEF INVESTMENT OFFICER SENIOR MANAGING DIRECTOR-INVESTMENTS MANAGING DIRECTOR-INVESTMENTS MANAGING DIRECTOR-FIXED INCOME MANAGING DIRECTOR-TAA MANAGING DIRECTOR-RISK MANAGEMENT SENIOR DIRECTOR-INVESTMENTS SENIOR DIRECTOR-FIXED INCOME SENIOR DIRECTOR-TAA DIRECTOR-INVESTMENTS DIRECTOR-TAA DIRECTOR-RISK MANAGEMENT DIRECTOR-CHIEF OF STAFF ASSOCIATE DIRECTOR-INVESTMENTS ASSOCIATE DIRECTOR-TAA ASSOCIATE DIRECTOR-RISK MANAGEMENT ASSOCIATE-INVESTMENTS ASSOCIATE-TAA ASSOCIATE-RISK MANAGEMENT SENIOR ANALYST-INVESTMENTS SENIOR ANALYST-TAA SENIOR ANALYST-RISK MANAGEMENT ANALYST-INVESTMENTS ANALYST-TAA ANALYST-RISK MANAGEMENT OPERATIONS/SUPPORT PROFESSIONALS: CHIEF OPERATING OFFICER CHIEF TECHNOLOGY OFFICER GENERAL COUNSEL AND CHEIF COMPLIANCE OFFICER CORPORATE COUNSEL AND CHIEF COMPLIANCE OFFICER MANAGING DIRECTOR SENIOR INVESTMENT COUNSEL SENIOR DIRECTOR SENIOR DIRECTOR-COMPLIANCE DIRECTOR DIRECTOR-SECURITY; INFORMATION TECHNOLOGY MINUTES ARE MAINTAINED OF ALL OPEN SESSIONS OF THE UTIMCO BOARD AND COMPENSATION COMMITTEE AS REQUIRED BY THE TEXAS OPEN MEETINGS ACT, TEXAS GOVERNMENT CODE, CHAPTER 551. Form 990, Part VI, Line 19 Required documents available to the public UTIMCO HAS MADE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE ON ITS WEBSITE AT WWW.UTIMCO.ORG. THE YEAR-END AUDITED FINANCIAL STATEMENTS ARE AVAILABLE IN THE BOARD MATERIALS WHICH ARE ALSO AVAILABLE AT THE UTIMCO WEBSITE. UTIMCO IS SUBJECT TO THE TEXAS PUBLIC INFORMATION ACT, TEXAS GOVERNMENT CODE, CHAPTER 552, AND UPON REQUEST, WOULD PROVIDE COPIES FOR INSPECTION OR COPYING TO THE REQUESTOR. Form 990, Part XI, Line 9 Other changes in net assets or fund balances UTIMCO REBATED MANAGEMENT FEES TO THE INVESTMENT FUNDS IN ACCORDANCE WITH THE PROVISIONS OF THE MASTER INVESTMENT MANAGEMENT SERVICES AGREEMENT. - -6000000; Form 990, PART I, PRIOR YEAR, LINES 17-22; Part X, LINES 10a, 10b, 16, 26, 31, 33 UTIMCO ADOPTED GASB NO. 87, LEASES, IN FY 2022. CHANGES ADOPTED TO CONFORM TO THE PROVISIONS OF GASB 87 WERE APPLIED RETROACTIVELY BY RESTATING THE FINANCIAL STATEMENTS FOR THE EARLIEST PERIOD PRESENTED, AUGUST 31, 2021. THEREFORE, SOME OF THE PRIOR YEAR END AMOUNTS HAVE BEEN ADJUSTED ON THIS RETURN. PLEASE SEE THE ATTACHED TABLE THAT SHOWS THE CUMULATIVE EFFECT OF IMPLEMENTING GASB 87 RETROACTIVELY FOR THE YEAR ENDED AUGUST 31, 2021. THE UNIVERSITY OF TEXAS SYSTEM 201 W 7TH STREET AUSTIN TX 78701 300710145 EDUCATION TX 501(c)(1) NA false false false false false false false false false false false true true false false false true false true false THE UNIVERSITY OF TEXAS SYSTEM K 3372627 SEE PART VII., SUPPLEMENTAL INFORMATION THE UNIVERSITY OF TEXAS SYSTEM L 60631074 SEE PART VII., SUPPLEMENTAL INFORMATION THE UNIVERSITY OF TEXAS SYSTEM P 147808 SEE PART VII., SUPPLEMENTAL INFORMATION THE UNIVERSITY OF TEXAS SYSTEM R 6000000 SEE PART VII., SUPPLEMENTAL INFORMATION Schedule R, Part V, Line 1l 60,631,074 UTIMCO RECEIVED MANAGEMENT FEES FOR ITS INVESTMENT MANAGEMENT AND RELATED SERVICES IN THE AMOUNT OF $60,631,074 FOR THE TAX YEAR. THE AMOUNT OF THE MANAGEMENT FEES WAS BASED ON THE BUDGET APPROVED BY THE UTIMCO BOARD AND UT SYSTEM BOARD OF REGENTS. Schedule R, Part V, Line 1k 3,372,627 UTIMCO ENTERED INTO A 124-MONTH LEASE AGREEMENT WITH THE UNIVERSITY OF TEXAS SYSTEM EFFECTIVE FEBRUARY 1, 2018 AND SUBSEQUENT AMENDMENT EFFECTIVE MAY 1, 2020, THAT EXTENDS THE LEASE THROUGH MAY 21, 2030. BASE RENT AND OPERATING RENT PAID DURING THE TAX YEAR TOTALED $3,105,802. PARKING EXPENSE IS ALSO PAID TO THE UNIVERSITY OF TEXAS SYSTEM PER THE TERMS OF THE LEASE AND TOTALED $266,825 DURING THE TAX YEAR. Schedule R, Part V, Line 1p 147,808 UTIMCO CONTRACTS FOR INTERNET, MAINFRAME CONNECTION, TECHNOLOGY SERVICES AND VARIOUS OTHER EXPENSES WITH THE UNIVERSITY OF TEXAS SYSTEM. THE TOTAL FOR THESE SERVICES FOR THE TAX YEAR WAS $147,808. Schedule R, Part V, Line 1r 6,000,000 UTIMCO REBATED MANAGEMENT FEES TO THE INVESTMENT FUNDS IN ACCORDANCE WITH THE PROVISIONS OF THE MASTER INVESTMENT MANAGEMENT SERVICES AGREEMENT.