Expenditure of Funds - UTDBP3097

Policy Statement

Purpose

To provide guidance regarding how University funds are spent.

Policy Ownership

Vice President of Budget and Finance

It is the policy of the University of Texas at Dallas that all expenditures are consistent with the University's mission, applicable federal and state laws, University and UT System policies, and ethical practices. Expenditure decisions should be evaluated and approved based on guiding principles of reasonable cost and best value for the University. These guiding principles shall be continually reviewed and approved through the organizational approval processes within the University.

Guidelines for the Expenditure of Funds

This policy makes no attempt to codify all expenditure scenarios. Rather, this policy statement shall serve as a broad guideline of expectations. Specific guidance and processing procedures for the expenditure of funds can be found in the Office of Budget and Finance website.