Financial Management and Budget
UNIVERSITY OF IOWA COST ACCOUNTING STANDARDS BOARD
DISCLOSURE STATEMENT (DS-2)
CHANGES PENDING
The following change will be included in the next revision of the University of Iowa's DS-2, which will be submitted in July, 2005.
CATASTROPHIC LEAVE POLICY (implemented)
The University offers to faculty and staff members the ability to receive and donate accrued vacation leave due to a personal or family catastrophic illness or injury which results in a medical condition for which a physician has certified that the condition is likely to result in a loss of thirty (30) or more work days. All faculty and staff who accrue vacation are eligible to participate. An individual must have exhausted all paid leave and not be receiving any other supplemental payments such as workers' compensation or long term disability in order to be qualified to receive donations. The total donations received by an employee shall not exceed the amount necessary to cover the long term disability waiting period. If the donations are needed due to a family member illness or injury, donations cannot exceed one (1) year. Leave must be donated in increments of one (1) hour or more.
Financial Management is a department within the Finance and Operations organization
