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 […]
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 A restricted gift is one where the donor stipulates when or how the gift may be used. A restricted gift may be permanently restricted or temporarily restricted. This policy details the types of restricted gifts at the University and the criteria for each. All […]
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 […]