301.05

Institute of Gerontology

Applies to:
  1. Policy

    The Institute of Gerontology was established jointly at the University of Michigan and Wayne State University by the Michigan State Legislature in May 1965 to develop new and improved programs for helping older people, to train persons to work in the field of aging, to conduct research related to the needs of older people and to offer community service programs in aging.

406.01

Student Counseling Services

Applies to:
  1. Policy

    1. No single University agency can best provide all the necessary responses to a student need or problem. The Student Affairs Counseling Office (SACO) works with the student until the appropriate solution or resource is found.
501.11

University Investments and Endowment Funds

Applies to: All Departments and Units of the University

Authorizations:

The University of Michigan investment policies are governed by the Board of Regents. Principal sources of authorization are the University Bylaws and the Uniform Prudent Management of Institutional Funds Act (UPMIFA) enacted by the State of Michigan in 2009.

Centralized Management:

The University maintains centralized management for substantially all of its cash and investments. Units are not allowed to invest their own funds directly.

502.03

Michigan Sales and Use Tax

Applies to: All Departments and Units of the University
  1. Policy

    1. Applicability

      The University of Michigan, as an instrumentality of the State of Michigan, is exempt from the payment of sales and use taxes on purchases of tangible property and applicable rentals. The purchase or rental must be for University consumption or use, and the consideration for these transactions must move from the funds of the University of Michigan.

502.04

Sales of Goods and Services to Non-University Entities and Federal Unrelated Business Income (UBI)

Applies to: All University Units

POLICY ON THE SALES OF GOODS AND SERVICES

As a public institution for the State of Michigan and governed by its 501c3 organization status certain activities should be reviewed in order to maintain the not for profit status.

518.01

Payroll Controls

Applies to: All Regular Faculty and Staff
  1. Purpose

    This Standard Practice Guide outlines the proper procedures and internal controls that must be exercised by University departments for paying faculty and staff.

  2. Overview of Payroll Controls

    A department’s responsibility includes maintaining an effective system of monitoring and oversight to ensure the accuracy and validity of its payroll.

519.01

Treasury Services: Banking, Debt Issuance and Credit Card Acceptance

Applies to: All Departments and Units of the University
I. Overview
The university maintains centralized management for all of its Treasury Services.  The Treasurer’s Office has the exclusive authority to manage the university’s banking services, including the opening and closing of accounts; issue debt (including bonds and commercial paper, loans, lines of credit, letters of credit and other similar financing obligations) on behalf of the Regents of the University of Michigan; and establish merchant accounts for the acceptance of credit card payments.
601.01

Freedom of Speech and Artistic Expression

Applies to:

Recent events at the University of Michigan and elsewhere emphasize the pressing need for members of the University community--including administrators, faculty, staff, and students--to reaffirm formally their deep commitment to freedom of speech and artistic expression and to clarify the implications of that commitment. Freedom of speech in this context will be taken to encompass all forms of communication and artistic expression as well as the freedom to listen, watch, protest, or otherwise participate in such communication.