CON Budget/Financial Principles and Practice version January 2009: Difference between revisions
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====Faculty clinical practice revenue==== | ====Faculty clinical practice revenue==== | ||
<p style="margin-bottom:15px;">The College has a Clinical Revenue Distribution Plan for faculty who are providing direct clinical nursing services within their faculty role as negotiated through the CON’s Morehead Center for Nursing Practice. Revenue distribution is based on revenue exceeding expenses to the College, as follows. Faculty are encouraged to allocate at least some of their compensation to a Professional Development Account.</p> | <p style="margin-bottom:15px;">The College has a Clinical Revenue Distribution Plan for faculty who are providing direct clinical nursing services within their faculty role as negotiated through the CON’s Morehead Center for Nursing Practice. Revenue distribution is based on revenue exceeding expenses to the College, as follows. Faculty are encouraged to allocate at least some of their compensation to a Professional Development Account.</p> | ||
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<li>As is the case with many other College activities, a partnership exists between the units and the Dean’s office. Unit administrators are accountable for projecting budgets based on needs; for controlling their budget; and for alerting the Dean’s office to needs beyond their budget. The Dean’s office is responsible for assuring compliance with established funding priorities and budgetary and other guidelines; for oversight of all budgets; and for transfer of funds among cost centers as needed.</li> | <li>As is the case with many other College activities, a partnership exists between the units and the Dean’s office. Unit administrators are accountable for projecting budgets based on needs; for controlling their budget; and for alerting the Dean’s office to needs beyond their budget. The Dean’s office is responsible for assuring compliance with established funding priorities and budgetary and other guidelines; for oversight of all budgets; and for transfer of funds among cost centers as needed.</li> | ||
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Latest revision as of 14:29, May 11, 2024
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