FSM Revision Log

Policy Revised On
6.17 Administrative Service Charge
Corrected #2 in Procedures - Calculating the Charge to include Capital Expenditures (7XXX)
9.14 Relocation Policy for Employees
Updated to reflect that, effective April 9, 2018, payment for household moving expenses will be processed via a moving allowance.
8.12 Gifts
Corrected section on Reporting Gifts - Raisers Edge to:
• Gifts $1,000 or greater are subject to the University Development Fund Policy.
8.12 Gifts
Updated section on Reporting Gifts - The Raiser's Edge:
• Gifts greater than $1,000 are subject to the University Development Fund Policy. (UDF Policy)
8.33 University Development Fund Policy and Procedure
Policy 8.33 has been updated as follows:
• The University Development Fund Gift Charge will be applied to all gifts in excess of $1,000 received on or after April 1, 2018.
• New gifts from donors who have cumulatively given $15 million or more will not be subject to the gift charge.
8.32 Dishonored (Returned) Checks
No change to policy. Updated format and title for clarification.

9.14 Relocation Policy for Employees
The policy revision includes the following:
•Updated format to include policy statements vs. procedure
•Distinction between moving household vs. laboratory/office equipment
•Clarity on reimbursable expenses and University taxation requirements
•Clarity on non-reimbursable expenses
•In-state relocation of existing employees
•FAQs added for additional clarification
9.14 Relocation Policy for Employees
Notice added that the policy will be revised to adapt to the “Tax Cuts and Jobs Act” (Public Law PL 115-97), which require employee relocation expenses to be taxable to recipients effective 01/01/2018.
8.13 Endowments
No change to policy. Reformatted to include definitions, procedure, frequently asked questions, and related information.