| Policies and Rules
Acceptance of Gifts
| OFFICE
OF RECORD: |
Business
Office |
| ISSUED
BY: |
Vice
President for Business & Administrative Services |
| APPROVED
BY: |
01-01-00 |
|
|
| EFFECTIVE
DATE: |
2/10/88 |
|
Revised
6/26/97 |
POLICY
The Board of Regents
requires all gifts donated to be reported to the Executive Director (BOR
Policy Manual 5:8). In order to comply with the reporting requirements
and to ensure the safety of assets contributed, it is the policy of DSU
that all contributed gifts be handled according to the following
procedures.
PROCEDURES
- When any notice of a
gift to DSU is received by an office, the type of gift, donor,
proposed use, dollar value, any associated costs, and any implied
obligations will be reported to the Vice President for Business and
Administrative Services.
- It shall be the
responsibility of the office initially receiving the gift to
officially acknowledge the gift on behalf of the University after
the President has approved acceptance of the gift.
- All gifts that are
accepted will be reported to the Executive Director of the Board of
Regents by the Vice President for Business and Administrative
Services. It will also be the responsibility of the Business Office
to inventory all gifts of personal property with a unit value of
$200 or greater utilizing current inventory procedures.
|
