Finance

Please click here for the Finance Division and for more information about the policies above please select down below:

Allowable Costs

Federal guidelines outline what types of costs are allowable (able to be charged to a grant or contract), and those that are unallowable (those that cannot be charged). All expenses charge to sponsored accounts must be allowable, allocable, reasonable and consistently treated.

Business Expense Policy

“Tufts faculty, staff, and students are periodically required to incur business expenses on behalf of the university in furtherance of its educational and research mission. The intent of this policy is to help facilitate those business expenses and is designed to be fair and equitable to both purchaser and the university. It applies to all university business expenses regardless of the funding source.”

Corporate MasterCard (Travel Card) Policy

“The card should be used to the fullest extent possible to pay all travel-related and business expenses. Charges incurred feed directly to the university’s electronic travel and expense reporting system (e-Expense system). Each user is responsible for substantiating charges in the e-expense system in a reasonable amount of time.”

No-Cost Extension

“No-cost extension is an extension of the period of performance of an award beyond the original end date without additional funds. To initiate a no-cost extension, the Local Research Administrator (LRA) works together with the Principal Investigator (PI) to complete the No Cost Extension Form.”

Procurement Card (PCard) Policy

“The Procurement Card (PCard) is a MasterCard credit card, which can be used for approved purchases up to $5,000 of all non-restricted commodities from any supplier that accepts MasterCard as a form of payment. The PCard provides a faster, more efficient way to purchase lower dollar goods, however, cannot be used as payment for certain restricted items.”

Tufts Travel Policy

“Tufts faculty, staff, and students are periodically required to travel on behalf of the university in furtherance of its educational and research mission. The intent of this policy is to help facilitate that travel and is designed to be fair and equitable to both the traveler and the university. It applies to all university travel regardless of the funding source.”