Financial

Tuition Waiver, Seniors

 

The Board or Governors of Lakehead University approves a waiver equal to 50% of the usual undergraduate tuition fee for Canadian citizens and permanent residents aged 65 years or older, subject to the following:

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Trust Account Management Policy

1. PREAMBLE

1.1 Lakehead University actively seeks and welcomes donations in support of the activities of the institution.  The Board of Governors of the University (“Board”) has the responsibility to administer the trust accounts.

1.2 This policy applies to all Lakehead University trust accounts unless specifically exempted by the Board.

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Travel Expense Policy

 

POLICY:

 

Recognizing that employees may be required to travel from time to time on University related business, it is the policy of Lakehead University to reimburse faculty, staff, and other individuals for reasonable travel expenses associated with the various operations of the University. 

 

This policy applies to travel expenses chargeable to operating budgets, ancillary operations, research, trust funds and any other accounts or projects administered by the University.

 

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Supply Chain Code of Ethics

Introduction: To ensure an ethical, professional and accountable Broader Public Sector (BPS) supply chain process is adhered to, this supply chain code of ethics is integral to Lakehead University's procurement of goods and services.
  1. Personal Integrity and Professionalism
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Positions, Unfilled - Criteria
 
Resolved that Senate accept the criteria established by the Senate Budget Committee to define an unfilled position as an establishment position that is not assigned to any academic unit.

Process when a vacancy exists in an establishment position

 
1. The Chair/Director requests appointment by submitting a rationale to the appropriate Dean.

2. The Dean submits the request to the Vice-President (Academic) and Provost with his/her recommendation.
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Perquisites Policy

1.0 POLICY:

1.1  In with accordance the new Broader Public Sector (BPS) Expense Directives, this policy establishes rules for Lakehead University employees for dealing with perquisites.  The requirements set out in this document raise the level of accountability and transparency for designated BPS organizations and contributes to a greater alignment with the high standards expected in ministries and agencies of the Government of Ontario.

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Hospitality (Entertainment) and Working Expense Policy

1.0 POLICY:

1.1.   It is recognized that employees may be required to provide hospitality to people who are notemployed by Lakehead University.  In accordance with Ontario Government's Broader Public Sector (BPS) Expense Directives, it is the policy of the University to reimburse faculty, staff, and other individuals for reasonable hospitality expenses associated with the various operations of the University. 

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Financial Criteria for the Transfer of Costs from the Strategic Initiative Fund to the Operating Fund


Purpose:

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Excess Borrowings Policy, Use of


PURPOSE

The purpose of this policy is to establish the use of excess borrowings resulting from the issue of bonds in Fall 2005.

SCOPE

This policy establishes the use of excess borrowings resulting from the issue of the bonds in Fall 2005. 

POLICY

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Distribution of Net Tuition Revenue for International Students
 
Tuition Revenue Allocation for International Students

  Intent 
 
The intent of this policy is to describe the basis for allocating the increased Tuition Revenue arising from the International Recruitment initiative.
 
Definition

Net Tuition Revenue: 
 
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Cash Handling Policy

1. Rationale

This Policy sets out good business practices for handling cash and cash receipts and all University departments that handle cash must have both an awareness of, and show a commitment to, strong internal controls for cash receipts. Managers in University departments are responsible for establishing and maintaining the proper environment of internal controls. All departments requiring cash handling must have prior approval from their respective Dean or Director by documenting the necessity and specific purpose for such cash handling activity.

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Budget Surpluses/Deficit Carry Forwards

Intent
The intent of this policy is to provide Deans and Directors with more flexibility in the management of their annual budget allocations.
Budgets that do not carry forward are general University revenue, full-time salaries and benefits, utilities, durables, and other central, non-departmental budgets.

Policy
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