Policies

Click to review the below policies related to contracts and grants:

FIN-ACC-55: Foreign Source Gifts, Contracts, and Revenue-Producing Activities

Click the above link to review the Indiana University policy on foreign source gifts, contracts, and revenue-producing activities. This policy assigns departmental responsibility for compliance and establishes procedures for the university to comply with applicable foreign source reporting requirements, including 20 U.S.C. § 1011f (Section 117) and Indiana Code Title 21 Article 49 (SEA 388). This policy outlines the reporting requirements and emphasizes that Indiana University is required to report certain gifts, contracts, revenue-producing activities, and other arrangements with a foreign source if they involve the university, one of its units, or an affiliated organization receiving money, property, or other tangible benefits from a foreign source for the benefit of the university. Review this policy for information about the requirements around accepting and processing tangible items from a foreign source, definitions for common terms surrounding foreign source arrangements, and for information about how this policy impacts different units and employees at IU.

FIN-TRE-90: External Agency Agreements

Click the above link to review the Indiana University policy on external agency agreements. IU may enter into contractual agreements to serve as fiscal agent for certain entities which are external to IU governance, for the purpose of facilitating the mutual achievement of educational, research, and public services purposes and goals. The purpose of this policy is to determine if the external agreement is in alignment with the mission of IU and to standardize the process of reviewing and accepting agreements with external agencies. Review this policy for information about the procedures around external agency agreements, the procedures to request approval for new external agency contracts, the process to terminate external agency agreements, details about the specific roles and responsibilities of units and individuals at IU in regard to external agency agreements, definitions for common terms surrounding external agency agreements, and for information about how this policy impacts different units and employees at IU.

FIN-TRE-100: Signature Authority and Delegation

Click the above link to review the Indiana University policy on signature authority and delegation. This policy establishes and clarifies protocols regarding signature authority and the delegation of signature authority with respect to contracts and agreements between the university and third parties. In particular, this policy is focused on outlining parties who have the authority to sign documents related to conducting the business operations of the university, the procedure to request a delegation of signature authority, definitions for common types of agreements between IU and third parties, and how this policy impacts different departments at IU.

FIN-TRE-110: Accepting Electronic Payments

Click the above link to review the Indiana University policy on accepting electronic payments. This policy provides the necessary guidance to ensure that the university takes advantage of the opportunities electronic payments present while meeting the regulatory requirements, operational challenges, internal controls, and security responsibilities associated with accepting payments electronically. Review this policy for information about the procedures around accepting and processing electronic payments, definitions for common terms surrounding electronic payments, and for information about how this policy impacts different units and employees at IU.

License

Accounting for Revenue and Receipts Copyright © by The Trustees of Indiana University. All Rights Reserved.