To: MOU Financial Leads, University Business Managers
From: Brian Smith, Senior Asst. Vice Chancellor and Treasurer, Finance Department
The Division of Finance and Operations is charged with ensuring that our University financial transactions comply with applicable state, federal and UNC System rules and regulations. In an effort to clarify fund source restrictions and to increase transparency in the use of funding sources, Finance and Operations has updated the Basic Spending Guidelines.
These guidelines are provided to ensure that faculty/staff can carry out the University’s mission effectively, while ensuring fiscally responsible and legally correct transaction processing.
These guidelines replace any prior guidelines issued in the past. Please review these guidelines with your faculty and staff. The document is linked from the Procurement Services web page and the Accounts Payable and Travel web page.