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Policy No.: '''8012'''<br /> | Policy No.: '''8012'''<br /> | ||
Effective Date: '''08/01/10'''<br /> | Effective Date: '''08/01/10'''<br /> | ||
Revised Date: ''' | Revised Date: '''08/26/21'''<br /> | ||
Reviewed Date: '''08/ | Reviewed Date: '''08/26/21'''<br /><br /> | ||
<big>'''Principles of Financial Stewardship'''</big> | <big>'''Principles of Financial Stewardship'''</big> | ||
== Preamble == | == Preamble == | ||
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Leaders of UNMC’s major operating units must accept responsibility for the integrity and oversight of financial systems and communicate the importance of financial integrity to all employees. Leaders must provide education and training, systems development, enforcement and support. Operating personnel have stewardship responsibility for safeguarding University assets under their purview. Employees with responsibility for managing or updating financial systems must maintain the integrity of the financial transactions contained in those systems.<br /> | Leaders of UNMC’s major operating units must accept responsibility for the integrity and oversight of financial systems and communicate the importance of financial integrity to all employees. Leaders must provide education and training, systems development, enforcement and support. Operating personnel have stewardship responsibility for safeguarding University assets under their purview. Employees with responsibility for managing or updating financial systems must maintain the integrity of the financial transactions contained in those systems.<br /> | ||
Employees in positions subject to certification through the Administrators’ Fiduciary and Leadership Essentials (AFLE) course have a direct reporting relationship to the Vice Chancellor for Business and Finance. Those employees must report either potential or actual non-compliant financial activity to the Vice Chancellor or Assistant Vice Chancellor for Business and Finance or | Employees in positions subject to certification through the Administrators’ Fiduciary and Leadership Essentials (AFLE) course have a direct reporting relationship to the Vice Chancellor for Business and Finance. Those employees must report either potential or actual non-compliant financial activity to the Vice Chancellor or Assistant Vice Chancellor for Business and Finance or their designee, if prior reporting to supervisors did not properly correct the perceived non-compliance. | ||
Careful review of any applicant for employment by an employee subject to certification through the AFLE course will help ensure that the individual possesses the requisite knowledge, skills, and abilities to comprehend, implement and adhere to the principles of UNMC Policy No. 8012, Principles of Financial Stewardship. The Vice Chancellor for Business and Finance or | Careful review of any applicant for employment by an employee subject to certification through the AFLE course will help ensure that the individual possesses the requisite knowledge, skills, and abilities to comprehend, implement and adhere to the principles of UNMC Policy No. 8012, Principles of Financial Stewardship. The Vice Chancellor for Business and Finance or their designee will participate in any future searches for an applicant who will report directly to a dean, department chair, or institute director and will only approve that selection when such applicant is suitable for the position and also appears to be suitable for certification through the AFLE course. | ||
== Principles == | == Principles == | ||
===Financial Stewardship=== | ===Financial Stewardship=== | ||