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[[Compliance Program]] | [[Compliance Hotline]] | [[Investigations by Third Parties]] | [[Research Integrity]] | [[Export Control]] | [[Code of Conduct]] | [[Use of Human Anatomical Material]] | [[Clinical Trial Professional and Technical Fee Billing]] | [[Contracts]] | [[Conflict of Interest]] | [[Red Flag Identity Theft Prevention Program]] | [[Principles of Financial Stewardship]] | [[Human Tissue Use and Transfer]] | [[International | [[Compliance Program]] | [[Compliance Hotline]] | [[Investigations by Third Parties]] | [[Research Integrity]] | [[Export Control]] | [[Code of Conduct]] | [[Use of Human Anatomical Material]] | [[Clinical Research and Clinical Trial Professional and Technical Fee Billing]] | [[Contracts]] | [[Conflict of Interest]] | [[Red Flag Identity Theft Prevention Program]] | [[Principles of Financial Stewardship]] | [[Human Tissue Use and Transfer]] | [[Disclosing Foreign Support and International Activities]] | [[Health Care Vendor Interactions]] | [[Credit Hour Definition]] | [[Whistleblower]]<br /> | ||
<br /><br /> | <br /> | ||
Policy No.: '''8012'''<br /> | Policy No.: '''8012'''<br /> | ||
Effective Date: | Effective Date: '''08/01/10'''<br /> | ||
Revised Date: ''' | Revised Date: '''01/18/22'''<br /> | ||
Reviewed Date: ''' | Reviewed Date: '''01/18/22'''<br /><br /> | ||
<big>'''Principles of Financial Stewardship'''</big> | <big>'''Principles of Financial Stewardship'''</big> | ||
== Preamble == | == Preamble == | ||
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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 /> | 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 /> | ||
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 their designee, if prior reporting to supervisors did not properly correct the perceived non-compliance. | |||
Careful review of any applicant for employment | Careful review of any applicant for employment should ensure 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 their 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. | ||
== 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. | * 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. | ||
* Roles and activities are delegated to qualified and properly trained persons. | * Roles and activities are delegated to qualified and properly trained persons. | ||
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* Significant financial errors are addressed and changes are implemented to sustain financial accountability. | * Significant financial errors are addressed and changes are implemented to sustain financial accountability. | ||
* Expenditures comply with relevant policies, rules, and regulations. | * Expenditures comply with relevant policies, rules, and regulations. | ||
* 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 /> | ||
This page maintained by [mailto:dpanowic@unmc.edu dkp] | <br /> | ||
This page maintained by [mailto:dpanowic@unmc.edu dkp] | |||