Appropriate Use of Funds Policy & Standards (UP 601.8) Revised

Tuesday, June 13, 2017

A revision to University Policy 601.8, Appropriate Use of University Funds, was approved by the Chancellor in May 2017. The following is what you need to know:

  • Defined terms within the policy have been clarified.
  • Updates have been incorporated to reflect recent revisions of the North Carolina State Budget Manual.

  • Five standards have been developed to address specific uses of University funds, such as meals and entertainment; conferences and events; marketing and development; gifts, awards, and other payments; and student-oriented activities. (The guidance in these standards was previously included within Policy 601.8 itself.)

  • The “Allowable Fund Usage” table has been updated for quick reference. Please use this table in conjunction with the policy and standards.

  • Please refer to the “Contacts for Fund Use Guidance” in Appendix 1 (p. 32) of the Financial Management Guidelines for specific questions about the use of various fund types.

Please email controller@uncc.edu if you have any questions about the recent revisions.