Financial Policies

To ensure the most cost effective method of acquiring equipment, i.e., purchase or lease, and the proper accounting and reporting treatment.

To ensure compliance with appropriate agency regulations pertaining to the procurement of laboratory animals, supplies and equipment.

To ensure compliance with appropriate agency regulations pertaining to the procurement of radioactive materials.

To define and establish policy for disbursements other than payments for the procurement of goods and services.

To establish payment policy for certain items that may be obtained without a purchase order and other valid University disbursements.

To establish the responsibility for processing stop payment and check cancellation requests.

To ensure the timely and accurate payment of authorized facility lease obligations

To describe the proper handling of payments to, and procurement from, non-affiliates* performing services in support of the University's operations and to establish responsibility for the approval of these payments.

To ensure an effective and efficient means to make payments to human subjects in research studies and properly account and report these payments in accordance with generally accepted accounting principles and compliance with the Internal Revenue Code.

To define policy and establish responsibility for the tax withholding and/or reporting of honoraria payments to non-employees.