CON Faculty Practice Fund: Difference between revisions

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         <td width="60%"><big>'''Management of the Faculty Practice Fund'''</big></td>
         <td width="60%"><big>'''Faculty Practice Fund'''</big></td>
         <td valign="top" width="40%"><big>Subsection: '''4.2.8'''</big></td>
         <td valign="top" width="40%"><big>'''Policy:''' '''1306 (4.2.8)'''</big></td>
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         <td width="60%">Section 4.0 - Faculty Policies</td>
         <td width="60%">Faculty Policies</td>
         <td width="40%">Originating Date: [[Special:PermanentLink/10319|May 2017]]</td>
         <td width="40%">Originating Date: [[Special:PermanentLink/10319|May 2017]]</td>
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         <td valign="top" width="60%">Responsible Reviewing Agency:<br /><div style="margin-left:3em; line-height:1.2;">Faculty Practice Committee<br />Executive Council</div></td>
         <td valign="top" width="60%">Responsible Reviewing Agency:<br /><div style="margin-left:3em; line-height:1.2;">External Affairs Committee<br />Executive Council</div></td>
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                 <td>Revised: [[Special:PermanentLink/13980|October 2018]] ([[Special:Diff/10319/13980|changes]])<br />Revised: December 2023 ([[Special:Diff/13980/{{REVISIONID}}|changes]])</td>
                 <td>Revised: [[Special:PermanentLink/13980|October 2018]] ([[Special:Diff/10319/13980|changes]])<br />Revised: [[Special:PermanentLink/18074|November 2023]] ([[Special:Diff/13980/18074|changes]])<br />Revised: August 2025 ([[Special:Diff/18074/{{REVISIONID}}|changes]])</td>
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     <td colspan="2" valign="top">Referenced Documents:
     <td colspan="2" valign="top">Referenced Documents:
         <div style="margin-left:3em; line-height:1.2;">[[CON Faculty Practice Fund|Appendix Z Faculty Practice Fund]]</div>
         <div style="margin-left:3em; line-height:1.2;">[[CON Requesting Funds from Faculty Practice Fund|1306-PR Requesting Funds from Faculty Practice Fund]]</div>
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===Purpose===
==Purpose==
<p style="margin-bottom:15px;max-width:70em !important;">The purpose of this policy is to describe the process for management of the CON Faculty Practice Fund (hereafter, Fund). The purpose of this fund is to support faculty practice initiatives, especially scholarship and development for faculty who are part of the Faculty Practice Group of the College of Nursing</p>
<p style="margin-bottom:15px;max-width:70em !important;">The purpose of this fund is to support faculty practice initiatives for the College of Nursing (CON).</p>
===Scope===
 
<p style="margin-bottom:15px;max-width:70em !important;">The policy applies to all faculty of CON who are engaged in Practice per the definition of practice in Policy 4.1.10 Faculty Practice Committee Rules of the Faculty Organization and have a contract through the Morehead Center for Nursing Practice (MCNP).</p>
==Scope==
===Policy===
<p style="margin-bottom:15px;max-width:70em !important;">The policy applies to all faculty of CON who have a practice contract through the Morehead Center for Nursing Practice (MCNP) that contributes to the Fund.</p>
<ul style="margin-left:3em; margin-bottom:15px;max-width:67em !important;">
    <li style="margin-bottom:15px;">Pending availability of funds, automatic approval will be granted for expenses required for practice activities of the faculty members such as DEA or professional certification necessary for the MCNP contract. </li>
    <li style="margin-bottom:15px;">The Fund will cover, based on requests and availability, faculty development and scholarship activities. These funds will be distributed based on the scholarly merit of the project or the contribution the activity will make to furthering faculty practice at the UNMC CON. </li>
    <li style="margin-bottom:15px;">Disbursement of funds to practicing faculty are NOT based on the revenue brought into the account by any individual faculty member but are, instead, equally available to all faculty who are engaged in practice and have a “practice” contract (or equivalent) through the MCNP. </li>
    <li style="margin-bottom:15px;">TPP Administrator will work with division specific support staff to follow standard University reimbursement procedures. Special requests will be managed on an individual basis. </li>
</ul>


===Management of the Funds:===
==Policy==
<ul style="margin-left:3em; margin-bottom:15px;max-width:67em !important;">
<ul style="margin-left:3em; margin-bottom:15px;max-width:67em !important;">
<li style="margin-bottom:15px;">The Fund is co-managed by the MCNP and the Faculty Practice Committee.</li>
   
<li style="margin-bottom:15px;">The MCNP will present a summary of the budget of the Fund to the Faculty Practice committee at least every quarter and prior to the dates when requests for funds are submitted.</li>
    <li style="margin-bottom:15px;">The Fund will cover, based on requests and availability, faculty development and scholarship activities. These funds will be distributed based on the scholarly merit of the project or the contribution the activity will make to furthering faculty practice at the CON. </li>
<li style="margin-bottom:15px;">An Annual Report is prepared every May that will describe revenue and disbursements and will be submitted to the dean and Executive Council at the May Meeting.</li>
    <li style="margin-bottom:15px;">Faculty are eligible for up to $1500 over a three-year period, which is tracked by the transformational practice and partnerships (TPP) administrator. </li>
    <li style="margin-bottom:15px;">Disbursement of funds to practicing faculty are not based on the revenue brought into the account by any individual faculty member but are, instead, equally available to all faculty who are engaged in practice and have a practice contract with contributions to the Fund. </li>
    <li style="margin-bottom:15px;">The External Affairs Committee will review all requests and make final determinations on Fund allocations. </li>
    <li style="margin-bottom:15px;">All requests will be managed on an individual basis. </li>
    <li style="margin-bottom:15px;">TPP administrator will allocate funds to faculty development accounts on approval.  </li>
    <li style="margin-bottom:15px;">See 1306-PR Requesting Funds from Faculty Practice Fund for application procedures.</li>
</ul>
</ul>
===Faculty Requesting Funds===
<p style="margin-bottom:15px;max-width:70em !important;">See Appendix Z for the procedure.</p>
===Procedure for Awarding of Funds===
<!--
<p style="margin-bottom:15px;max-width:70em !important;">Scoring and Committee decision making process – All voting FPC members would independently score the application using the rubric (Appendix Z4). The committee would find consensus on the final score, rank the proposals, and finally decide which proposals would get funding.</p>
<p style="margin-bottom:15px;max-width:70em !important;">Meetings for Award Decisions: Fall (Second week of September – special meeting if needed) and Spring (Standing January meeting)</p>
-->
<p style="margin-bottom:15px;max-width:70em !important;">Pending availability of funds, automatic approval will be granted for expenses required for practice (DEA, APRN licensure or certification). TPP Administrator will work with division specific support staff to follow standard University reimbursement procedures. Special requests will be managed on an individual basis. </p>

Latest revision as of 19:47, December 11, 2025

Home   Faculty Policies                    


UNIVERSITY OF NEBRASKA MEDICAL CENTER
COLLEGE OF NURSING
Faculty Practice Fund Policy: 1306 (4.2.8)
Faculty Policies Originating Date: May 2017
Responsible Reviewing Agency:
External Affairs Committee
Executive Council
Revised: October 2018 (changes)
Revised: November 2023 (changes)
Revised: August 2025 (changes)
Referenced Documents:


Purpose

The purpose of this fund is to support faculty practice initiatives for the College of Nursing (CON).

Scope

The policy applies to all faculty of CON who have a practice contract through the Morehead Center for Nursing Practice (MCNP) that contributes to the Fund.

Policy

  • The Fund will cover, based on requests and availability, faculty development and scholarship activities. These funds will be distributed based on the scholarly merit of the project or the contribution the activity will make to furthering faculty practice at the CON.
  • Faculty are eligible for up to $1500 over a three-year period, which is tracked by the transformational practice and partnerships (TPP) administrator.
  • Disbursement of funds to practicing faculty are not based on the revenue brought into the account by any individual faculty member but are, instead, equally available to all faculty who are engaged in practice and have a practice contract with contributions to the Fund.
  • The External Affairs Committee will review all requests and make final determinations on Fund allocations.
  • All requests will be managed on an individual basis.
  • TPP administrator will allocate funds to faculty development accounts on approval.
  • See 1306-PR Requesting Funds from Faculty Practice Fund for application procedures.