My admission portal still says I am on wait list but the email that I received with the award is the following.
"Our records indicate that you have opted in to UCR's admissions wait list. Actual admission decisions will be released by the Undergraduate Admissions Office based on the deadlines sent to you via e-mail. Meanwhile we have prepared a preliminary financial aid award for the 2018-2019 Award Year for you to review. Please note that this award is contingent upon your official admission to UCR."