198.3 Externally Funded Salary or Wages

Created by: Stephanie Ferguson on 10/10/2005
Category: 1 - Academic Affairs; 90 - Miscellaneous
 
Originator: Academic Administration
Current File: 198.3
Adoption Date: 01/15/1999
Reviewed for Currency: 09/30/2005
 
Replaces File: 198.3
Date of Origin: 11/06/1986
 
Classification: Faculty
 
In Archive? 0


198.3 Externally Funded Salary or Wages

 

A. Background

On occasion Furman faculty or staff are engaged in activities supported by external grants to or contracts with the University which provide monies for a salary to the individual during the summer months or a salary supplement during the regular academic year.

 

B. Policy

All monies in the form of salary or wages paid to University personnel are to be paid through Furman's regular payroll system.

 

C. Guidelines

1. All monies for salary or wages are considered part of an individual's total earnings at Furman.

2. Furman will comply with federal and state laws requiring withholding tax and other payroll deductions and will file the necessary information with the appropriate federal and state agencies.

3. This policy refers only to salaries and wages which are a part of grants to or contracts with Furman University. It does not apply to grants or contracts with individual faculty members.

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