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Principles of Financial Stewardship: Difference between revisions
Principles of Financial Stewardship (view source)
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Effective Date: '''08/01/10'''<br /> | Effective Date: '''08/01/10'''<br /> | ||
Revised Date: '''05/12/17'''<br /> | Revised Date: '''05/12/17'''<br /> | ||
Reviewed Date: '''08/ | Reviewed Date: '''08/18/21'''<br /><br /> | ||
<big>'''Principles of Financial Stewardship'''</big> | <big>'''Principles of Financial Stewardship'''</big> | ||
== Preamble == | == Preamble == | ||
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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. | 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=== | |||
* University resources are used as intended for legitimate University business purpose. | * University resources are used as intended for legitimate University business purpose. | ||
* Financial stewardship includes spending resources wisely. Resources include time, money, people, and property. | * Financial stewardship includes spending resources wisely. Resources include time, money, people, and property. | ||
* Financial consequences are evaluated before existing activities are changed or eliminated and new activities begin. | * Financial consequences are evaluated before existing activities are changed or eliminated and new activities begin. | ||
===Financial Accountability=== | |||
* Employees shall acknowledge and assume responsibility for their actions, decisions, and results including the administration of programs within the scope of their position. Accountability encompasses the obligation to report, explain and answer for resulting consequences. | * Employees shall acknowledge and assume responsibility for their actions, decisions, and results including the administration of programs within the scope of their position. Accountability encompasses the obligation to report, explain and answer for resulting consequences. | ||
* Accountability cannot be delegated. | * Accountability cannot be delegated. | ||
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* All transactions are supported with appropriate documentation. | * All transactions are supported with appropriate documentation. | ||
==Additional Information== | ==Additional Information== | ||
Contact the [mailto: | Contact the [mailto:bfegley@unmc.edu Controller]<br /> | ||
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This page maintained by [mailto:dpanowic@unmc.edu dkp] | This page maintained by [mailto:dpanowic@unmc.edu dkp] | ||