Policy This Policy outlines the framework and procedures required to maintain the tax-exempt status of the University’s outstanding bond issuances in compliance with federal tax rules. This includes tracking the use of bond proceeds, limiting private business use (i.e., third-party leases, management contracts, or sponsored […]
Policy The purpose of this Guide is to establish instructions for payments made to or on behalf of Wake Forest University students. It provides a comprehensive overview of student disbursement categories and explains the financial and operational considerations of each category for both the student […]
Policy The purpose of this policy and procedure is to establish requirements regarding the authorization of University expenditures and the review, execution and oversight of written agreements intended to create legally binding obligations of the University. The policy also governs financial thresholds for capital projects […]
Policy Wake Forest University incurs both direct and indirect costs associated with administering restricted gifts, whether endowed to provide resources for core activities into the future or to support current operations. Indirect costs include, but are not limited to, classroom space, office space, administrative support, […]
Procedure This document provides guidance on the procedures governing compliance with the “Related Party Disclosure” requirements of Department of Education regulation 34 CFR § 668.23(d). The requirements mandate that institutions receiving federal student aid provide extensive details (name, location, description, and the nature and amount […]
Policy In accordance with 2 CFR 200.332, Wake Forest University must adhere to the federal requirements for pass-through entities. A pass-through entity is a non-federal entity that provides a subaward to a subrecipient to conduct part of a federal program. This policy outlines the University’s […]
Procedure This procedure provides guidance on the administration of federal and non-federal sponsored funds, including internal controls and grant management standards used to ensure that all sponsored funds are lawfully expended in accordance with federal regulations. The guidance includes procedures for adhering to cost principles, […]
Procedure This document outlines the procedures to account for funds received, obligated, and expended from award setup through closeout in the financial system of record, in accordance with 2 CFR 200.302, a section of the Code of Federal Regulations (CFR) providing rules for the Federal […]
Policy The purpose of this policy and procedure is to establish guidelines for the appropriate use of an international employer of record (IEOR) at Wake Forest University to ensure that all laws in the locality of the international employee are followed. The IEOR is a […]
Procedure The purpose of this document is to establish procedures guiding Wake Forest University’s management of underwater donor-restricted endowment gifts (i.e., determination, accounting, and spending of the gifts). A donor-restricted endowed gift is underwater when its market value is less than the original gift value […]