New or revised policies recently implemented

The following fiscal policies have been updated this month:

  • 03-110-206 Parking Fines & Permit Sales:  Minor revision to language, including changing “institutional” to “university” funds.  Full policy is currently under review and will be implemented in the coming months.
  • 03-140-508 Fellowships, Scholarships & Student Payments:  Minor revision to change scholarship “awards” to “scholarships” .  Full policy is currently under review and will be implemented in the coming months.
  • 03-140-206 Procurement Cards:  Revised to update restrictions (section 3.6).
  • 03-150-208 Gift Funds:  Fully revised to provide clear guidelines for accepting, processing, recording and acknowledging gifts in a manner that protects the interests of the university and its donors.  This policy consolidates several policies, including GCG 210 Gift Funds, FIS 102-05 Gift, Grant and Contract Income and FIS 202 Endowment Earnings.
  • 03-140-203 Student & Volunteer Cash Reimbursements (previously Cash Out):   Fully revised to increase the threshold and provide clear guidelines for timely reimbursement to students and volunteers through a Cash Out process which allows for approved expenses up to $200 to be reimbursed in cash rather than a check.  This policy replaces FIS 407-01 Cash Out.
  • 03-150-204 Designated Operations:  Minor revision to delete section on “Covering fiscal year-end deficits".
  • 03-150-205 Service Center Operations:  Minor revision to updated “Deficit” section, removing information related to year-end and adding information related to terminating a fund that is negative.
  • 03-150-408 Fiscal Year-End Reconciliation of Funds:  Minor revision to delete information related to year-end for “Funds with Negative Fund Balances”.

 

Need a new or revised fiscal policy?

1) Contact the Fiscal Policy COORDINATOR for your Business Center or Unit

2) Work with your Coordinator to complete & submit the Fiscal Policy REQUEST Form

3) Monitor the STATUS of your request or any activity of a fiscal policy or rule