Policy Disruptive events may be local in nature, affecting only a single facility, or may have a regional impact, with multiple facilities across the geographic region being affected or becoming inaccessible. The University is committed to maintaining the capability to continue the primary missions of […]
Policy As a collaborative product with guidance from the University’s senior business administrators and other campus subject matter experts, this policy serves as Wake Forest University’s primary guidance on purchasing. This standardized procurement policy and the accompanying work processes have been created to conform with […]
Policy This policy outlines the guidelines and procedures for Wake Forest University to make charitable contributions (i.e., funds, goods, or services) to other entities, qualified charities, or individuals that align with the University’s mission and role as a responsible community member. The policy ensures adherence […]
Policy Expenditures necessary in carrying out the mission of the University, consistent with the normal business operations of the University. These expenses are reasonable in nature and are paid or funded by the University. The University supports the “accountable plan” as defined by IRS regulations […]
Policy All funds accepted by a Wake Forest University (“University”) department or representative must be restrictively endorsed upon receipt and deposited either at the University’s bank or recorded by the cashier as communicated via email by Student Financial Services (SFS) within one (1) business day […]
Policy A Business Asset is any property or equipment not for resale, that has an initial value of $5,000 or more individually or as an operating unit or renovations exceeding $50,000 in aggregate, whether in cash or trade value, that will be used or held […]
Policy This policy establishes guidelines for the appropriate use of domestic petty cash and change funds while establishing internal controls to minimize the University’s risk of financial loss. Petty cash and change funds (i.e., cash drawers) are approved and maintained where needed to pay for […]