Allowable expenditures policy

advertisement

ALLOWABLE EXPENDITURE POLICY FOR THE ACADEMIC SECTOR

(as of 7/10)

In order to avoid a system that would require administrative approvals for minor expenditures, it is important for budget administrators to understand the college's policies regarding allowable expenditures – expenditures permitted with advance approval, as well as expenditures not permitted. Because the revenue the College receives from students (in the form of tuition) and from donors (in the form of gifts) is intended to support the College's mission of educating students, we cannot spend College funds on items that it would be hard to describe as directly related to that mission. Items that a corporation may routinely pay for out of its profits are often inappropriate for a nonprofit entity. Listed below are examples of expenditures that are permitted only with the advance approval of Senior Budget Administrators (signature approval required on expenditure or reimbursement documents) and expenditures that are not permitted at all.

Expenditures Permitted only with Advance Approval from a Senior Budget Administrator

 Faculty and/or staff meals at the Grille, except when entertaining visitors  Departmental retreats (except when using up to $300 of program enrichment funds)

Expenditures Not Permitted

 Artwork for offices  Briefcases     Off-campus meals between College employees, except when entertaining visitors Refreshments or meals for department meetings Contributions (political and charitable) Expensive desk accessories       Flowers (except when sent by President’s Office, Provost’s office, Advancement, or HR) Holiday decorations, parties, and celebrations (including retirement celebrations) Memberships in non-job related professional societies PDAs, cell phones, pagers, Blackberries, and Ipads/Netbooks Plants for office or special events Travel related items: o Air travel clubs o First class/business class airfare o o Health club memberships Hotel amenities (movies, personal phone calls, laundry expenses, newspapers, etc.) o o o o o Optional conference events (golf outings, tours, etc.) Non-business entertainment and travel Payment of fines or parking tickets Purchase of clothing and other personal items Spouse and family related costs

Download