Payments with Component Unit Moneys – Foundation, Academic Enrichment Fund, and FCPA (Florida Clinical Practice Association)

Directive Statement

Departments must ensure the legitimate use of DSO funds.  All expenditures must:

1. Be reasonable and benefit the University
2. Fall within the donor’s intent for the gift
3. Not jeopardize the DSO’s tax-exempt status
4. Comply with all applicable statutes and regulations

No DSO funds may be used for:

1. First class travel
2. Private club memberships
3. Lavish or extravagant entertainment
4. Political or charitable contributions
5. Personal benefit to an individual (other than an incidental benefit)

Reason for Directive

Foundation Funds – In accordance with Florida Statutes Section 1004.28, the University of Florida will serve as a processing agent for Direct Support Organization (DSO) expenditures.  Expenditures of DSO moneys for and on behalf of UF will be made within the myUFL system.

Faculty Practice Plan Funds (FPP) – It is policy that Faculty Practice Plan funds be expended for purposes consistent with and supportive of the objectives of the respective College, the Health Science Center, and the University of Florida, in accordance with approved faculty practice plans for the Colleges of Medicine, Dentistry, Public Health and Health Professions, Nursing, Pharmacy, and Veterinary Medicine.

Who must comply?

UF campus departments when expending DSO or FPP funds.

Procedures & Best Practices