KSU follow its own MOU and establish more consistent and clear communication with the Foundation. This should include not only the President's office, but KSU's Accounting and Institutional Advancement offices, as appropriate, to promote integrity, accountability, and transparency in this process.
KSU establish written policies and procedures to provide guidance for how requests for support from the Foundation are to be made and approved.
KSU establish written policies and procedures to provide guidance for how University funds sent to the Foundation are to be processed and approved.
KSU maintain its own records documenting expenditure requests and amounts the Foundation paid.
KSU require monthly or quarterly reporting of available funds held at the Foundation be submitted to institutional support or accounting so that reports can be reconciled to KSU's documentation to ensure charges and deposits are applied to the appropriate accounts as intended.
MOU should be updated to reflect actual operations/procedures between KSU and its Foundation.
KSU will adhere to the MOU with the Foundation and establish more consistent and clear communication with the Foundation.
KSU will establish written policies and procedures to provide guidance for requesting and receiving Foundational financial support with approvals.
The Foundation MOU is under review with plans to revise the agreement to include reporting timelines and procedures and processes related to the use and transfer of foundations funds to the University.
KSU will establish written policy and procedure for documenting expenditure requests and amounts the Foundation paid. KSU will maintain records in accordance with stated policy.
The Foundation MOU is under review with plans to revise the agreement to include reporting timelines and procedures and processes related to the use and transfer of foundations funds to the University. The revised MOU will require reports that can be entered by the University into Blackbaud for monthly reporting.
The Foundation MOU is under review with plans to revise the agreement to include actual operating/procedures between the two parties.