University accounts labeled “Discretionary” are established to provide greater flexibility in achieving the educational mission of Texas Woman’s University. Discretionary funds are designed to serve the University by enabling expenditures which may not be authorized using other funds. Although considered discretionary, the expenditures must be for the benefit of Texas Woman’s University.
These accounts are structured as follows: 11.890.xx.xxxx.xxxx.00000000.
The responsibility for prudent use of these funds in accordance with the policy and procedures stated herein is delegated to the Provost, Associate Provost, Vice-President, Associate Vice-President, Dean or Director. Those employees designated serve as account managers and possess spending authority for funds allocated to their accounts. With the best interest of the University as the basic premise, account managers are expected to exercise careful judgment to determine the reasonableness of each expenditure from these funds weighed against the ensuing benefit to the University. Internal audits will be performed periodically to insure consistent application of these guidelines and other applicable policies.
Funds will be allocated to the accounts on an annual basis as determined through the University’s Budgeting process. Per recommendation of TWU’s Office of Internal Audits, fund balances rolling forward will be limited to 20% of the current year budget.
Expenditures from discretionary funds must be documented and processed in accordance with TWU’s Procurement policies. All pertinent records related to the receipt and disbursement of discretionary funds shall be maintained in accordance with University regulations.
Guidelines for expenditures are in the table below.
scroll to see the full table⇨
|Alcohol||Alcoholic Beverages||Not Permitted|
|Awards||Employee/Student Awards||Permitted – See TWU Policy 3.02 for Limits|
|Contributions/Donations||The purchase of a table, or advertising relating to charitable events or organization.||Permitted with Vice President’s approval|
|Dues||Institutional/Individual||Permitted – See TWU Policy 2.20|
|Gifts||Employees/donors/students or any organization||Permitted|
|Gift Cards||Any Type – Visa, Starbucks, Walmart, etc.||Not Permitted|
|Gratuities||Tips or Gratuities||Permitted|
|Professional Services||Non-employee||Permitted – See TWU Policy 2.26|
|Student Activities||Direct expenses for Orientations, Receptions, Graduation||Permitted|
|Travel||Employee – To supplement additional expenses not covered by State or other funds.||Permitted in accordance with University travel policies.|
Page last updated 11:38 AM, June 22, 2018