Part III - UNM Finance: Practical Applications

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Standard Accounting Resource Manual (SARM)

MSC 0000 00
1 University of New Mexico
Albuquerque, NM 87131


Expenses of this type must be incurred only to promote the University.  Gifts cannot be for staff or faculty, or outside speakers, even if the gifts benefit the University.  As well, I&G funds can never be used to purchase gifts, souvenirs or advertising.

If any of these items is purchased, it will get particular scrutiny.  Be very specific in your item text.  Explain how the items purchased promoted the University.  These items belong in an F&A Excludable account such as 6450 or 37Y0.  Floral arrangements for graduation belong in 37Y0.