Cost sharing must be proposed, approved, administered, and accounted for in a consistent and prudent manner. This includes understanding workload and cost implications of the cost-sharing commitment; determining when cost sharing is necessary and appropriate; and accurately recording and reporting…
Cornell University, through its operating units, generates income as a result of sponsored projects or federal appropriations. It is the responsibility of each operating unit to use, account for, and report such program income properly.
Cornell University acquires, records, inventories, maintains, and disposes of capital assets. Each operating unit is responsible for following university procedures to achieve accurate capital asset reporting and compliance with government requirements.
Cornell University recharge entities recover some or all of the cost of their products and services through user fees, subject to the requirements outlined in this document.
Cornell University funds may be used for ordinary, reasonable, and actual business-related expenses incurred in furtherance of the university's missions.
Cornell acts as a fiscal agent of certain external funds for external organizations (EO) only in limited circumstances as described in this policy. Cornell will authorize EO accounts and act as a fiscal agent only when there is a clear and reasonable justification. The EO must support Cornell…
For all units that accept credit cards as a method of payment for goods or services in relation to university business/operations, Cornell University requires compliance with Payment Card Industry – Data Security Standards (PCI-DSS) protocols, and with the procedures outlined in this document…
Cornell University expects its faculty, staff, and students, when dealing with federal and other sponsored funds, to follow Generally Accepted Accounting Principles (GAAP); comply with all government and sponsor rules and regulations; and follow established standards for determining when it is…
Cornell University expects costs to be charged to the appropriate sponsored project account when first incurred. There are circumstances in which it may be necessary to transfer expenditures to or from a sponsored account subsequent to the initial recording of the charge in the general ledger…
Cornell University provides advances of cash or other resources in limited circumstances to meet the business needs of the institution. This policy establishes these circumstances and the procedures for making such advances. This policy does not apply to any advance payment required by a vendor…
Cornell University requires anyone handling cash, checks, or securities on its behalf to safeguard these assets by applying appropriate internal controls, and that securities be managed in compliance with the bylaws of the Board of Trustees.
Cornell University’s central administration establishes all university accounts with banks and other financial institutions using university funds. In the unlikely event that a unit must ask the university to establish and maintain a separate account, the university requires the unit to institute…
The university will accommodate those full- and part-time employees with valid business needs for mobile communication devices by issuing university-owned mobile communication devices. A university device must be authorized by a dean or vice president, and must be purchased and serviced under the…
Cornell University’s Board of Trustees delegates significant procurement authority for the acquisition of goods and services from external sources on the university’s behalf. This authority is ultimately delegated to designated purchasing agents and contracting officers. These stewards of…
Cornell University requires all operating units to develop their own unit-specific financial internal control plans using guidelines provided by the Office of the University Controller. Further, the university expects all members of the university community who are accountable for financial…
Cornell University formally approves, issues, and maintains in a consistent format, official university policies in a central policy library. Individuals engaged in developing and maintaining university policies must follow the requirements outlined in this document for drafting, approving,…
Cornell University prohibits any form of retaliation, intimidation, harassment, or adverse employment action against any trustee, officer, employee, former employee, independent contractor, agent, or volunteer of the university for disclosing or threatening to disclose any conduct that they have a…
Cornell University uses its property and facilities, primarily, to further its mission of learning, discovery, and engagement. The university permits the use of its property and facilities for collaboration with industry or community, where such use is consistent with the university’s mission…
Cornell University organizes, coordinates, and directs available resources toward an effective response to, and recovery from, any emergency. The effectiveness of this effort is dependent on the development of periodic review of comprehensive plans. This policy includes a chain of command…
Cornell University is committed to creating and maintaining a safe and ethical environment for Minors and has a zero-tolerance policy for any Abuse, Sexual Abuse, Maltreatment, or other improper conduct directed at such individuals.
