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Definitions

Definitions

  • Hospitality expenditures: The provision of food, beverages and entertainment (e.g. tickets to performances, sporting events, or similar activities).

  • Necessary: Required to accomplish a legitimate University business objective that cannot be reasonably achieved without incurring the expense.

  • Appropriate: Suitable given the nature of the event, audience, setting, and the University’s role as a public institution of higher education.

  • Prudent: Careful and conservative decision-making; demonstrates stewardship of public funds.

  • Reasonable: Cost that are proportionate to the business purpose and consistent with what a neutral, objective observer would consider acceptable under similar circumstances.

  • Bona fide business purpose: Specific, substantive, and defensible reason why an expenditure advances University business rather than discretionary, personal, or social purposes.

  • External parties: Individuals not employed by the University, including students or families, visiting scholars, community and business leaders, advisory board members, prospective employees, donors, and other guests.

  • University employees: Faculty, staff, and student workers.

  • Infrequent: No more than six (6) times per year.

  • University funds: Any source of funding to the University regardless of source including grant funds, designated funds, and auxiliary funds.

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