Financial Affairs Policies
USM Resolution Authorizing the Assistant Vice Chancellor for Financial Affairs to Approve Changes of Signatures on Bank Accounts
VIII-1.00 | USM Policy | Approved April 6, 2020
USM Policy for Capitalization and Inventory Control
VIII‐1.10 | USM Policy | Approved June 19, 2014
UMB Non-Capital Assets
VIII-1.10(A) | Approved November 1, 2015
USM Policy on Disposal of Surplus Personal Property
VIII-1.20 | USM Policy | Approved June 21, 1990
UMB Policy on Disposal of Surplus Personal Property
VIII-1.20(A) | Approved June 22, 2018
USM Policy on Lost or Abandoned Currency or Tangible Personal Property on University System Premises
VIII-1.21 | USM Policy | Approved July 26, 1990
USM Policy on Withdrawal of Funds from Bank Accounts
VIII-1.30 | USM Policy | Approved December 2, 2011
UMB Policy on Special Bank Accounts for UMB Funds
VIII-1.30(A) | Approved June 7, 2017
USM Forms Management
VIII-1.40 | USM Policy | Approved October 8, 1990
UMB Policy on Forms Management
VIII-1.40(A) | Approved
USM Policy on Tuition
VIII‐2.01 | USM Policy | Approved April 15, 2016
USM Policy on Payment of Tuition and Fees
VIII-2.20 | USM Policy | Approved March 1, 1989
UMB Policy on Payment of Tuition and Fees
VIII-2.20(A) | Approved May 2, 2024
USM Policy on Waiver of Tuition and Granting of Other Privileges for Senior Citizens of the State of Maryland
VIII-2.30 | USM Policy | Approved November 30, 1989
UMB Policy on Waiver of Tuition and Granting of Other Privileges for Senior Citizens of the State of Maryland
VIII-2.30(A) | Approved June 22, 2022
USM Policy on Tuition Waiver for Certain Members of the Maryland National Guard
VIII-2.31 | USM Policy | Approved April 9, 1999
UMB Policy on Tuition Waiver for Certain Members of the Maryland National Guard
VIII-2.31(A) | Approved December 15, 2016
USM Policy on Institutional Student Financial Aid for Undergraduate Students
VIII-2.41 | USM Policy | Approved February 10, 1995
USM Policy on Student Tuition, Fees, and Charges
VIII-2.50 | USM Policy | Approved June 22, 2018
USM Policy on Tuition Fellowships for Graduate Students
VIII-2.60 | USM Policy | Approved July 26, 1990
UMB Policy on Tuition Fellowships for Graduate Students
VIII-2.60(A) | Approved October 1, 1992 | Last Reviewed August 26, 2025
USM Policy on Off-Campus Programs
VIII-2.61 | USM Policy | Approved December 12, 2014
USM Policy on Student Classification for Admission and Tuition Purposes
VIII-2.70 | USM Policy | Approved June 17, 2021
USM Policy on Waiver of Application Fees
VIII-2.80 | USM Policy | Approved December 12, 2014
USM Procurement Policies and Procedures
VIII-3.00 | USM Policy | Approved July 1, 2016
UMB Selection of Procurement Method Under the Federal OMB Uniform Guidance for Fiscal Year 2016
VIII-3.00(A) | Approved July 1, 2015
USM Policy on Approval of Procurement Contracts
VIII-3.10 | USM Policy | Approved March 11, 2009
USM Policy on Use of Commercial Contractors for Employment
VIII-3.30 | USM Policy | Approved May 1, 1992
UMB Policy on Use of Commercial Contractors for Employment
VIII-3.30(A) | Approved
USM Policy on Acquisition, Disposition, and Leasing of Real Property
VIII-4.00 | USM Policy | Approved February 22, 2019
USM Procedures for the Acquisition and Disposition of Real Property
VIII-4.01 | USM Policy | Approved February 22, 2019
USM Procedures for Leasing of Real Property
VIII-4.02 | USM Policy | Approved February 9, 2001
USM Policy on Voting of Proxies in Investment Securities
VIII-5.20 | USM Policy | Approved June 21, 1990
UMB Policy on Voting of Proxies in Investment Securities
VIII-5.20(A) | Approved
USM Policy on Endowment Fund Spending Rule
VIII-5.30 | USM Policy | Approved December 7, 2012
UMB Policy on Endowment Fund Spending Rule
VIII-5.30(A) | Approved
USM Policy on Management of the Endowment Fund
VIII-5.40 | USM Policy | Approved June 21, 1990
USM Policy on Endowment Funds Investment Objectives
VIII-5.50 | USM Policy | Approved September 9, 2011
USM Policy on Business Activities
VIII-6.00 | USM Policy | Approved March 1, 1989
UMB Policy on Customer Billing and Collections
VIII-6.00(A) | Approved November 1, 2015
USM Policy on Financial Management
VIII-7.00 | USM Policy | Approved June 21, 1990
USM Policy on Reporting Suspected or Known Fiscal Irregularities
VIII-7.10 | USM Policy | Approved June 16, 2017
USM Policy on the Communication of Suspected Fraud, Unethical and Illegal Business Activity
VIII-7.11 | USM Policy | Approved April 1, 2010
UMB Code of Ethics and Conduct
VIII-7.11(A) | Approved October 26, 2010
University of Maryland Whistleblower Policy on Reporting Fiscal Irregularities, Illegal Activity, and Violations of Policy
VIII-7.11(B) | Approved August 10, 2012
UM Procedures for Review and Investigation of Reports of Fiscal Irregularities, Illegal Activity, and Violations of Policy
VIII-7.11(C) | Approved July 3, 2012
USM Policy on External Audits
VIII-7.20 | USM Policy | Approved April 19, 2019
USM Policy on Responses to Legislative Audits
VIII-7.30 | USM Policy | Approved June 22, 2018
USM Internal Audit Office Charter
VIII-7.50 | USM Policy | Approved June 22, 2018
USM Policy on the Operating Budget
VIII-9.00 | USM Policy | Approved July 26, 1990
USM Policy on Facilities Master Plans
VIII-10.00 | USM Policy | Approved September 27, 1990
USM Policy on Facilities Renewal for Auxiliary and Non-Auxiliary Capital Assets
VIII-10.10 | USM Policy | Approved December 9, 2005
USM Policy on the Capital Budget of the University System of Maryland
VIII-10.20 | USM Policy | Approved February 12, 2016
USM Policy on Authority Concerning Certain Capital Improvement Projects
VIII-10.30 | USM Policy | Approved February 4, 2000
USM Policy on Community Notification of Capital Projects
VIII-10.40 | USM Policy | Approved June 18, 2010
USM Policy on University System Travel
VIII-11.00 | USM Policy | Approved February 28, 1992
UMB Policy on Business Travel for UMB Employees and Nonemployees
VIII-11.00(A) | Approved February 24, 2023
USM Schedule of Reimbursement Rates
VIII-11.10 | USM Policy | Approved January 13, 2021
USM Policy on Debt Management
VIII-12.00 | USM Policy | Approved April 20, 2018
USM Policy on Business Entities
VIII-13.00 | USM Policy | Approved July 13, 2001
USM Policy on Investments and Loans to Maryland-Based Businesses That Are Affiliated With USM Institutions
VIII-14.00 | USM Policy | Approved December 9, 2016
UMB Policy on Approval, Payment and Reimbursement of Personal Business-Related Expenses of UMB Employees
VIII-14.00(A) | Approved November 1, 2011
USM Policy on High Impact Economic Development Activities
VIII–15.00 | USM Policy | Approved September 18, 2015
USM Policy on Payment of Moving Expenses
VIII-16.00 | USM Policy | Approved December 11, 2015
UMB Policy on Payment to Assist an Employee Incurring Moving and Relocation Expenses
VIII-16.00(A) | Approved August 1, 2018
USM Policy on Public Private Partnerships
VIII-17.00 | USM Policy | Approved June 16, 2017
USM Policy on Unrestricted Fund Balances
VIII-18.00 | USM Policy | Approved April 20, 2018
UMB Policy on Unrestricted Fund Balances Use
VIII-18.00(A) | Approved September 9, 2020
USM Policy on Enterprise Risk Management
VIII-20.00 | USM Policy | Approved November 22, 2019
USM Policy on Crisis Management
VIII‐21.00 | USM Policy | Approved November 22, 2019
UMB Food and Business Meals Expense
VIII-99.00(A) | Approved February 4, 2014
UMB Research Study Participant Payments
VIII-99.00(B) | Approved February 1, 2014
UMB Work and Leave Records (Timesheets)
VIII-99.01 | Approved April 1, 2016
UMB Compensation Overpayment and Recovery
VIII-99.02 | Approved January 1, 2016
UMB Authority to Certify and Sign Sponsored Project Financial Reports and Vouchers
VIII-99.06 | Approved July 1, 2015
UMB Policy on Special Bank Accounts for UMB Funds
VIII-1.30(A) | Approved June 7, 2017
UMB Policy on Unallowable Costs for Federal Awards
VIII-99.07(A) | Approved December 18, 2020
UMB Payment Card Policy: Payment Card Industry Data Security Standards
VIII-99.08(A) | Approved February 10, 2021
UMB Policy on Salary Caps for HHS and Other Federal Agencies
VIII-99.09(A) | Approved June 9, 2021
UMB Policy on Accessing University Buildings
VIII-99.10 | Approved November 1, 2022
UMB Policy on Fleet Vehicle Purchasing
VIII-99.11 | Approved August 23, 2023
UMB Policy on SPAC Contract and Grant Billing
VIII-8.00(A) | Approved September 7, 2023
UMB Policy on SPAC Collections of Sponsored Receivables
VIII-8.00(B) | Approved September 7, 2023
UMB Policy on SPAC Sponsored Award Closeout
3702(A) | Approved March 21, 2024
UMB Policy on Sponsored Award Cost Sharing
3702 (B) | Approved August 1, 2024
UMB Policy on Effort Reporting
3702 (C) | Approved August 2, 2024
UMB Policy on Cost Transfers
3702 (D) | Approved August 8, 2024
UMB Policy on Participant Support Costs
3702 (E) | Approved August 9, 2024
UMB Policy on SPAC Federal Financial Reporting (FFR)
3702 (F) | Approved August 24, 2024
Student Academic Travel
VIII-11.20 | Approved October 17, 2024
UMB Policy on Institutional Base Salary
3702 (G) | Approved December 12, 2024
Contact
Office of Institutional Policy Management
620 W. Lexington St.
5th floor
Baltimore, MD 21201