This statement sets forth University policy and procedures for the handling and deposit of cash. 

The following procedures have been adopted by Saint Francis University (University) as authorized by action of the Board of Trustees (Board). These procedures shall be used for the orderly determination of the need to use consulting engineering firms, qualification and selection of firms, and general administration and monitoring of the engineering agreements.

This policy focuses on procedures the University follows to authorize major capital projects, and the steps it takes to ensure that the issuance of new debt used to acquire, improve or construct major capital assets are both strategic and fiscally responsible.

To provide departmental budget managers and others with budget responsibilities a basic understanding of IRS requirements and a procedure for ensuring that individuals hired or contracted to perform services are properly classified. Please note that payments made to a corporation for the services of an individual are not affected by this policy.

As a benefit to our students, Saint Francis University allows students covered by employer reimbursement plans to defer payment, interest free, until the student is reimbursed by their employer. 

To provide short-term loans to the faculty, staff and employees. Loans will be made only if funds are available.

The purpose of the P-card program is to streamline and simplify the requisitioning, purchasing and payment process for small dollar transactions. The program is designed to shorten the approval process and reduce the paperwork of procurement procedures such as purchase orders, check requests and expense reimbursements.

Travel and Entertainment