Financial Policies

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.

The purpose of this policy is to define Limited Engagement and outline the policy for paying of Limited Engagement fees.

The purpose of this document is to outline the policies and procedures related to engaging the services of independent contractors doing business as individuals with the University.

To ensure that dues, membership fees and subscription costs incurred by the University serve the instruction, research and public service objectives of the University.

To establish the timely payment of valid and authorized University debt obligations.

To establish policies for reimbursing employees for minor non-travel expenditures.

To establish policy for the payment of moving expenses for newly recruited employees who are required to relocate to Philadelphia or its environs.

To provide for the prudent utilization of University resources consistent with the University’s charitable mission and purposes.