CON Management of the Faculty Practice Fund

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Faculty Policies

UNIVERSITY OF NEBRASKA MEDICAL CENTER COLLEGE OF NURSING
Management of the Faculty Practice Fund	Subsection: 4.2.8
Section 4.0 - Faculty Policies	Originating Date: May 2017
Responsible Reviewing Agency: Faculty Practice Committee Executive Council

Purpose:

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

Scope:

• The policy applies to all faculty of CON who are engaged in Practice (per the definition of practice in Faculty Practice Committee Rules of the Faculty Organization 4.1.10) and have a contract through the Morehead Center for Nursing Practice.
• The Fund will cover expenses specific to the practice activities of the faculty members, for example, DEA, APRN licensure or certification.
• 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.
• The Fund will cover expenses specific to the Faculty Practice Committee, e.g. the costs of the CNE for the Annual Fall Workshop.
• Disbursement of funds to practicing faculty are NOT based on the revenue brought in to 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 Morehead Center for Nursing Practice.