2023 Governance Handbook > Part 3: Academic > 3.1 Personnel > 3.1.5 Teaching Faculty > 3.1.5.12 Financial Policies

3.1.5.12 Financial Policies

(Charter)

1. The Board of Trustees establishes from time to time, within the policy limits of the General Conference of Seventh-day Adventists, a salary schedule setting both maximum and minimum salaries for each rank.

2. The Chief Financial Officer prepares and distributes annually to the faculty a statement describing the current implementation of the financial policies pertaining to faculty and staff (see Classification and Compensation). For a statement of policies currently in effect, see Appendix C: University Financial Policies for Faculty. The current statement includes policies concerning the following:

   1. Faculty Salary and Allowance Schedule (maximum and minimum for each rank)

   2. Benefits

      i. Medical and related: actual, insurance, adoption

      ii. Travel allowance: mileage rates, lodging, per diem

      iii. Tuition allowance: children, spouse

      iv. Retirement and sustentation plan

      v. Other benefits