Foundation Reports to the Board of Regents†††††††††††††††† UPPS No. 01.02.01
Effective Date: 01/27/2015
Review: February 1 E6Y
01.†††††† POLICY STATEMENTS
01.01† The purpose of this policy is to define the procedure for providing Texas State Support Foundation, Texas State Development Foundation, Alumni Association, Texas State University Research Foundation, and the McCoy College of Business Administration Development Foundation annual fiscal reports to The Texas State University System (TSUS) Board of Regents.
01.02† The Board of Regentsí policy, Chapter IX, Private Support Organizations, is stated as follows:
"The trustees of private support organizations will provide the Board, through the Component President or Chancellor (in the case of a system organization), an annual report."
02.†††††† PROCEDURES FOR PROVIDING ANNUAL FOUNDATION FINANCIAL REPORTS TO THE BOARD OF REGENTS
a. The vice president for Finance and Support Services (VPFSS) is responsible for submitting the annual financial report for the Texas State Support Foundation.
b.†† The vice president for University Advancement is responsible for submitting the annual financial reports for the Texas State Development Foundation and Alumni Association.
c.†† The provost and vice president for Academic Affairs is responsible for submitting the annual financial reports for the McCoy College of Business Administration Development Foundation and the University Research Foundation.
02.02† The one-page annual financial report will consist of the foundation purpose, membership, financial report, and a summary of activities for the year ended August 31. Reports are due from the responsible parties to the VPFSS office by September 30 for the November quarterly meeting of the Board of Regents.
03.†††††† REVIEWERS OF THIS UPPS
03.01† Reviewers of this UPPS include the following:
Vice President for Finance and††††††††††††††† February 1 E6Y
Provost and Vice President†††††††††††††††††††††† February 1 E6Y
for Academic Affairs
Vice President for University†††††††††††††††††††† February 1 E6Y
04.†††††† CERTIFICATION STATEMENT
This UPPS has been approved by the following individuals in their official capacities and represents Texas State policy and procedure from the date of this document until superseded.
Vice President for Finance and Support Services; senior reviewer of this UPPS