Endowed Professorship Expense Guidelines
Description: This document outlines procedures for managing expenses funded by restricted endowment earnings, emphasizing dual signature requirements, proper payroll handling, and IRS compliance. It details payment processes for students, current employees, and external contractors, and highlights the need to account for employer payroll taxes when budgeting. The Business Office oversees all requests to ensure adherence to budget limits and documentation standards.
Applies To: Faculty
Security Status: Public
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