Administrative Expenses

From U of M Internal Medicine Wiki
Policies
Policy: Administrative Expenses
Policy Nr: Sec 08 - 06
Target Review Date: 2019-08-29
Main Stakeholder: Managing Director


Purpose

The Academic Sections in Internal Medicine identified the need for funding in order to assist with costs to support the Academic Mission. Funding for this activity will be provided from the Department of Medicine Practice Plan.

Governance of Funds

The funds will be held in an account managed by the Managing Director, Department of Internal Medicine and dispersed in accordance with established accounting principles and policies.

The Department will allocate each of the Sections with an annual (January 1 - December 31) allocation of funds based on Appointment Types in the following manner:

  • 2 – 5 GFT/UMFA members $2,000 per annum
  • 6 – 15 GFT/UMFA members $6,285 per annum
  • > 16 GFT/UMFA members $10,000 per annum

Use of Funds

Sections may use the annual funding for the following activities:

  • Support for section meetings on retreats with agenda
  • Visiting Professor for CME activities - see Hospitality expenses and Visitor Travel for more information
  • Section symposia with agenda
  • Small equipment or tools for educational purposes
  • Administrative CPD
  • Resident Wellness

These funds may not be used for staff, social events, or Faculty travel, GFT travel or Resident travel.

Submitting Expenses

See How to submit administrative expenses

Reporting of Balance

Every quarter, the Managing Director or Finance Manager will report to each section the remaining balance.

Carryover of funds from one year to the next will not be allowed.

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