Financial Archive

Residual Balance on Fixed Price and Milestone Agreements

Policy The Residual Balance Policy defines the process by which available balances are transferred from fixed price and milestone agreements to other University accounts, and provides information on calculating facilities and administrative costs. Read the Policy Related Procedures There are no related procedures. Related Forms Residual Balance Transfer Request Form

Categories: Financial


Building Access Policy

Policy A University-wide policy on building access that supports the safety and security of the campus community and also facilitates consistent and quick responses in the event of an emergency.  Policy FAQs are also available. Read the Policy Related Procedures There are no related procedures. Related Forms There are no related forms.

Categories: Financial


Policy Library Launches!

To make Wake Forest administrative policies more accessible to the campus community, a new consolidated University Policy Library website – policy.wfu.edu – has been launched and is available to everyone in the campus community.  All administrative policies and supporting documents from departments within Finance & Administration, which includes Budget & Financial Planning, Environmental Health & […]

Categories: Financial


Capital and Operating Projects Administrative Policy

Policy This document outlines the policies and procedures governing the proper initiation, review, approval and procurement of capital and operating improvement projects at Wake Forest University. This policy defines the different project types, outlines the project phases, and covers the approval process, procurement bidding requirements, and the different authorization levels. Read the Policy Related Procedures […]

Categories: Financial


Business Assets Administrative Policy

Policy Business assets are tangible long-term assets or property (that cannot easily be converted into cash) with acquisition value (usually original cost) in excess of certain thresholds and whether purchased, constructed, gifted/ donated, or leased. They are owned or accountable by the University and not a specific individual, department, or other operating unit. Business assets […]

Categories: Financial


Cost Principles, Audit, and Administrative Requirements for Sponsored Activities Administrative Policy

Policy This policy focuses on the requirements that are set forth in Office of Management and Budget (OMB) Uniform Guidance (UG) and does not provide guidance on other requirement that might apply to federal, state, or privately sponsored grants or contracts. As a recipient of federal, state, and privately sponsored grants and contracts, the University […]

Categories: Financial


Deficit Resolution of Restricted Funds Administrative Policy

Policy Overspending and collectability issues (i.e. circumstances under which costs incurred by a project are not reimbursed by the sponsor) arise periodically and this policy addresses the process for resolution of the resulting deficits based on the situation. As a recipient of federal, state, and privately sponsored grants and contracts, the University is required to […]

Categories: Financial


Effort Reporting Administrative Policy

Policy At the Reynolda Campus of Wake Forest University, effort certification is required for all faculty, staff, and graduate students who are paid, in full or in part, by a federal or state sponsored project. This means that all, or a percentage, of their pay is charged to a federal or state sponsored grant or […]

Categories: Financial


Tax Guide for Foreign Visitors

Policy This policy guide is to be used when inviting international visitors to Wake Forest University. This applies to visitors coming from other countries as well as visitors coming from other institutions based in the U.S. Read the Policy Related Procedures There are no related procedures. Related Forms Foreign National Information Form

Categories: Financial


Mobile Communication Devices (MCDs) Administrative Policy

Policy The University is committed to providing essential, non-compensatory, business-related tools for faculty and staff in a manner that promotes the proper stewardship of assets; complies with IRS and other regulatory requirements; and establishes a framework for consistent decision-making. The majority of faculty and staff will not be eligible for an MCD stipend. For those […]

Categories: Financial


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