CON Budget/Financial Principles and Practice: Difference between revisions

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===Professional Development Accounts===
===Professional Development Accounts===
<p style="margin-bottom:15px;">Professional development accounts are established at the request of individual faculty to hold funds generated by supplemental compensation, faculty clinical practice, consultations, or other revenue earnings within the faculty role. </p>
<p style="margin-bottom:15px; max-width:70em !important;">Professional development accounts are established at the request of individual faculty to hold funds generated by supplemental compensation, faculty clinical practice, consultations, or other revenue earnings within the faculty role. </p>
<p style="margin-bottom:15px;">Expenditures from professional development funds are subject to University and State regulations.  These funds are used for professional activities and not personal use. Examples of appropriate expenses are:</p>
<p style="margin-bottom:15px; max-width:70em !important;">Expenditures from professional development funds are subject to University and State regulations.  These funds are used for professional activities and not personal use. Examples of appropriate expenses are:</p>
<ul style="margin-bottom:15px;">
<ul style="margin-bottom:15px; max-width:70em !important;">
<li>Travel to professional conferences</li>
<li>Travel to professional conferences</li>
<li>Membership in professional organizations</li>
<li>Membership in professional organizations</li>
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<li>Salary and benefit costs for support personnel (e.g., graduate assistant, transcriptionist, hourly worker for research data entry)</li>
<li>Salary and benefit costs for support personnel (e.g., graduate assistant, transcriptionist, hourly worker for research data entry)</li>
</ul>
</ul>
<p style="margin-bottom:15px;">Examples of disallowed expenditures include:</p>
<p style="margin-bottom:15px; max-width:70em !important;">Examples of disallowed expenditures include:</p>
<ul style="margin-bottom:15px;">
<ul style="margin-bottom:15px; max-width:70em !important;">
<li>Office decoration/artwork</li>
<li>Office decoration/artwork</li>
<li>Flowers</li>
<li>Flowers</li>

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