2,654
edits
Principles of Financial Stewardship: Difference between revisions
no edit summary
No edit summary |
No edit summary |
||
| Line 21: | Line 21: | ||
Policy No.: '''8012'''<br /> | Policy No.: '''8012'''<br /> | ||
Effective Date: '''08/01/10'''<br /> | Effective Date: '''08/01/10'''<br /> | ||
Revised Date: '''05/ | Revised Date: '''05/12/17'''<br /> | ||
Reviewed Date: '''05/ | Reviewed Date: '''05/12/17'''<br /><br /> | ||
<big>'''Principles of Financial Stewardship'''</big> | <big>'''Principles of Financial Stewardship'''</big> | ||
== Preamble == | == Preamble == | ||
| Line 29: | Line 29: | ||
Honest and ethical conduct is expected in all aspects of UNMC work from every employee, especially those employees who have been entrusted with handling UNMC’s financial affairs. These guidelines are applicable to all UNMC employees. <br /> | Honest and ethical conduct is expected in all aspects of UNMC work from every employee, especially those employees who have been entrusted with handling UNMC’s financial affairs. These guidelines are applicable to all UNMC employees. <br /> | ||
The following principles, although not an exhaustive list, establish a minimum standard of accountability for all UNMC employees for compliance with applicable | The following principles, although not an exhaustive list, establish a minimum standard of accountability for all UNMC employees for compliance with applicable laws, ethical business standards and generally accepted accounting principles.<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. | 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. | 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 his/her 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 | 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 his/her 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''''' | ||
| Line 50: | Line 50: | ||
* All transactions are supported with appropriate documentation.<br /><br /> | * All transactions are supported with appropriate documentation.<br /><br /> | ||
==Additional Information== | ==Additional Information== | ||
Contact the [mailto: | Contact the [mailto:jeffrey.miller@unmc.edu Controller]<br /><br /> | ||
This page maintained by [mailto:dpanowic@unmc.edu dkp]. | This page maintained by [mailto:dpanowic@unmc.edu dkp]. | ||