Policy Manual

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Last Reviewed April, 2020

1112 Cost, Revenue and Other Transfers

To ensure the validity of cost, revenue and other transfers, including payroll reallocations.

1100 – Accounting

Comptroller

Last Reviewed April, 2020

1114 Retirement Benefit Plans

(A) The University of Pennsylvania Basic Plan and the University of Pennsylvania Matching Plan provide eligible employees with retirement benefits and an opportunity to contribute to their retirement savings. (B) The Supplemental Retirement Annuity Plan of the University of Pennsylvania provides eligible employees with the opportunity to make pre-tax and/ or Roth contributions to their retirement savings account. (C) The Retirement Allowance Plan of the University of Pennsylvania provides eligible employees with a retirement benefit based on their average compensation and years of service with the University. (D) The Retiree Health Plan provides retirees (and their dependents) with certain medical benefits. (E) The University of Pennsylvania, Penn Police Association, Defined Benefit Pension Plan provides eligible police officers with a retirement benefit based on their average compensation and years of service with the University.

1100 – Accounting

Human Resources

Last Reviewed April, 2020

1116 Gifts of Securities

To provide a policy for the accounting for gifts of securities.

1100 – Accounting

Treasurer

Last Reviewed April, 2020

1117 Revenue Recognition

To define revenue recognition and to provide guidelines for recognizing revenue in accordance with generally accepted accounting principles (GAAP).

1100 – Accounting

Comptroller

1100 – Accounting

Treasurer

Last Reviewed April 2020

1401 Annual Closing / Financial Statements

To provide information on the University's financial operation to management, Trustees, and other interested parties.

1400 – Financial Reporting

Comptroller

Last Reviewed April, 2020

1402 Monthly Closing/Reporting

1400 – Financial Reporting

Comptroller

1400 – Financial Reporting

Comptroller

Last Reviewed April 2020

1501 Banking Relationships

The Vice President for Finance and Treasurer is responsible for the efficient operations of the University’s banking relationships.

1500 – Cash

Treasurer

Last Reviewed April 2020

1502 Working Capital Management

1500 – Cash

Treasurer