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Principles of Financial Stewardship: Difference between revisions
Principles of Financial Stewardship (view source)
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Policy No.: '''8012'''<br /> | Policy No.: '''8012'''<br /> | ||
Effective Date: '''08/01/10'''<br /> | Effective Date: '''08/01/10'''<br /> | ||
Revised Date: <br /> | Revised Date: DRAFT<br /> | ||
Reviewed Date: ''' | Reviewed Date: '''02/03/17'''<br /><br /> | ||
<big>'''Principles of Financial Stewardship'''</big> | <big>'''Principles of Financial Stewardship'''</big> | ||
== Preamble == | == Preamble == | ||
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The following principles, although not an exhaustive list, establish a minimum standard of accountability for all UNMC employees for compliance with applicable law, ethical business standards and generally accepted accounting principles.<br /> | The following principles, although not an exhaustive list, establish a minimum standard of accountability for all UNMC employees for compliance with applicable law, 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. Employees with responsibility for managing or updating financial systems must maintain the integrity of the financial transactions contained in those systems. | 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 are accountable to the Vice Chancellor for Business and Finance and must report non-compliant financial activity to the Vice Chancellor or Assistant Vice Chancellor for Business and Finance, if prior reporting to supervisors did not properly correct the non-compliance. The Vice Chancellor for Business and Finance will approve the selection of an applicant to fill positions subject to certification through the AFLE course and that report directly to a dean, department chair, or institute director to ensure the individual possesses the requisite knowledge, skills, and ability to comprehend, implement and adhere to the principles of this policy. | |||
== Principles == | == Principles == | ||
'''''Financial Stewardship''''' | '''''Financial Stewardship''''' | ||