Resources

The Office of the Treasurer is the steward of the University’s financial resources, practicing sound financial management in support of academic, scientific and faculty excellence. Reporting directly to the Vice President for Finance, the Treasurer’s office ensures the sustainability of the University’s mission and goals by:

Treasury manages the University bank accounts, funds them, and invests any excess balances daily to optimize return on operating cash. Treasury also maintains adequate access to cash in order to meet forecasted liquidity needs.

A Major Accident/Incident is one in which total damages may exceed $5,000 or any incident wherein bodily injury occurs.

If a Major Accident/Incident occurs, please take the additional following steps:

Time and Place of Accident:

Enter the Date, time, and specific address of accident.

Procedures to follow when renting a vehicle

Campers Accidental Coverage provides coverage to participants of a University organized camp. Under this coverage, all registered campers are automatically covered while they participate in a university sponsored and supervised educational day and overnight camp activities. University departments hosting a camp session can contact the Office of Property & Liability Risk Management to coordinate coverage for the camp’s activities.

Information on liability insurance coverage for leased/rental vehicles

Throughout the year there are many people who will serve as volunteers to help assist the University in its academic, research, healthcare and public service missions.

Every volunteer must be approved and authorized by a Sponsoring Manager (Faculty, Staff or Administration member). The Sponsoring Manager is responsible for all documentation, supervision and training of the Volunteer.

 In an effort to help expedite the property claim process, it is recommended that departments maintain a current inventory of University owned property i.e. furniture, electronics, office equipment, supplies, research materials etc. There is no need to record bulk items or items valued under $100, i.e. misc. office supplies, pens, copy paper, paper clips etc.

In most cases, fine arts or other items loaned to and taken into the care, custody and control of the University departments can be provided with coverage through the University's Property Insurance PlanPersonal items belonging to others that are at the University, but where there is no written documentation of being on loan and in the care, custody, or control of the University, are not covered under the University's Property coverage.

Contracts, agreements, and procurement provisions are reviewed by the Property & Liability Risk Management staff in an effort to protect the University from potential financial losses in its interactions with outside organizations. To do this, the following issues are reviewed:

Academic field trips enhance the learning experience for students and provide other valuable educational benefits. They also involve the potential for increased risk to participants and the University. The advice contained herein is designed to assist academic departments in managing and minimizing this potential increase in risk.

Auto Incident/Accident Claim

How to Report an Auto Incident/Accident Claim

(State Owned, Rented or Leased Vehicles)

Automobile accidents should be reported directly and immediately to:

University vehicles are for transportation in the most effective, efficient and safest way possible for University employees in the performance of their duties.

A University vehicle is defined as a licensed motorized device for land transportation owned, leased or rented by the University, State or any State agency.

The University has policies and procedures regarding drivers and University vehicles. It is the responsibility of each department to assure compliance with these. Please refer to the sections below for specific information.

Non-conventional vehicles are defined as any motorized vehicle, gas or electric powered that is used to transport people, equipment or other goods.  Some examples are but not limited to:  golf carts, ATVs, UTVs, riding mowers/tractors, 4-wheelers, off-road vehicles, Gators etc.

These vehicles should be operated in accordance with the manufacturer’s specifications as well as in compliance with the laws governing their use on roadways:*

Code of Virginia, Title 46.2 Motor Vehicles, Chapter 8, Regulation of Traffic

WHAT IS LABOR DISTRIBUTION?

Labor Distribution is the process by which charging instructions are entered into Oracle for payments for academic personnel, ensuring that payroll earnings are distributed to the correct PTAEO.  

The Foreign Corrupt Practices Act (FCPA), 15 USC 78dd-1, et seq., was originally enacted in 1977. There are two components of the FCPA.  The first requires that entities whose securities are listed in the U.S. meet the act's accounting provisions. The second contains anti-bribery provisions with broad applicability, including to public and private institutions of higher education.

The Commonwealth Accounting Policies and Procedures (CAPP) Manual documents the policies and procedures associated with the Commonwealth's centralized accounting and financial systems. Topic No.

The University Accident Review Committee evaluates each accident in which a University-owned vehicle is involved and some accidents in which a rented or motorized-utility vehicle is involved. After thoroughly reviewing all of the material concerning each accident, the review committee determines whether the accident was Preventable, Not-Preventable, or an Incident, based upon the definitions of the criteria provided by the Department of State Police.

Certificate of Insurance and Proof of Coverage Requests

Departments engaged in activities involving outside parties may receive requests for the University's certificate of insurance or proof of coverage from these outside parties. The following will provide departments helpful information in managing these requests and instructions on how to request the certificate.