CON Management of the Faculty Practice Fund: Difference between revisions

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===Procedure for Management of the Funds:===
===Management of the Funds===
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<li style="margin-bottom:15px;">The Fund is co-managed by the Morehead Center for Nursing Practice and the Faculty Practice Committee.</li>
<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 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;">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;">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>
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===Procedure for Faculty Requesting Funds:===
===Faculty Requesting Funds===
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<p style="margin-bottom:15px;max-width:70em !important;">See Appendix Z for the procedure.</p>
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<li style="margin-bottom:15px;">Application Form (Appendix Z1) are available to all eligible faculty with applications accepted on a rolling basis.
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        <li>Projects</li>
        <li>Conferences and Continuing Education</li>
        <li>Practice Expense</li>
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<p style="margin-bottom:15px;max-width:70em !important;">Application Form (Appendix Z1) is available to all eligible faculty with applications accepted on a rolling basis.</p>
<p style="margin-bottom:15px;max-width:70em !important;">Special Requests: A faculty member may have an unexpected need for funds. In that case, the faculty member will contact the Faculty Practice Committee chair and request permission to present the request to the FPC at the next committee meeting.  A decision would be made by a special vote of the FPC.</p>
 
===Procedure for Awarding of Funds:===
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<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>
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<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>