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 the Contract & Spend Authority Policy and Procedure is to establish requirements for authorizing University expenditures, as well as the review, execution, and oversight of agreements that create legally binding obligations on the University. Read the Policy […]
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 […]
Policy Wake Forest University owns on-campus apartments that are used by faculty, staff, visitors, and select consultants/third-party vendors who work on campus. This policy & procedure document outlines the tax laws, management and review process with respect to the temporary provision of on-campus apartments at […]