Business

Choose a policy on the left or scroll below for a brief summary...

POLICY:
Graceland University will maintain an accountable plan status with the IRS regarding business related travel expenses. In order to qualify as an accountable plan, three conditions must be met:

1. Business Connection – expense must be business-related.
2. Substantiation – detailed expense records must be maintained, i.e. date, time, place, amount, and business purpose.
3. Return of Unspent Amounts – any advance payments in excess of the substantiated amount must be returned to the University.

PURPOSE:
To document the established policy and procedure for tagging Audio/Visual Equipment

PURPOSE:
Define authority for assigning Budget Responsibility and define Budget Responsibility and Signature Authority.

PURPOSE:
To delineate a policy on Graceland’s response to businesses who advertise and promote the use of alcoholic beverages and tobacco products.

PURPOSE:
To provide guidance on the purchase and usage of University cell phones

POLICY:
Graceland University will provide check-cashing services on the Lamoni and Independence campuses. Accounting Services will process all returned checks for collection.

PURPOSE:
Provide policy and procedure related to corporate credit cards held by the University.

PURPOSE:
The Debt Management Policy guides the Board of Trustees in approving new and reviewing existing debt levels. This policy also guides administrators in recommending and managing debt.

PURPOSE:
To establish guidelines for the conveyance, purchase, and/or sale of real estate.

PURPOSE:
To clarify the Board’s authorization of administrative personnel to sign on behalf of Graceland University.

PURPOSE:
Provide conditions and procedures when spouses may travel at University expense.

PURPOSE:
Define financial accountability and expectations for persons responsible for financial resources at Graceland University.

PURPOSE:
To provide guidelines regarding acceptable levels of travel expenses.