Robert Morris University

“The form is completed by the accounting staff/chief accounting officer and controller's group and is reviewed in detail by both the chief accounting officer and the vp of finance. Another internal review is conducted by the general counsel, senior vp and the president of the university. The return is then reviewed and approved by the audit and risk committee of the board with a copy provided to the full board of trustees prior to filing.”

“Employee conflict of interest- officers and key employees are identified annually shortly after each calendar year end when w-2 wage amounts are calculated and key employees can be identified. Each officer and key employee is contacted individually referencing the officer and key employee conflict of interest portion of the policy of ethical practices. A copy of the officer and key employee conflict of interest form is sent to that group with a request to complete and send responses to the chief accounting officer and controller. She and the director of internal audit review and evaluate the responses. Exceptions are disclosed to the executive committee of the board.”

“All salary increases and compensation payments must have two levels of approval. If two levels of approval are not available internally, the compensation committee meets annually (or more frequently if needed for new employees or out of cycle amendments to existing arrangements) to approve in advance of any payments. The committee will only have members without a conflict of interest with respect to the compensation arrangements being discussed. The committee considers duties and external benchmark data to consider wages and benefits, including non-standard fringes, and will contemporaneously document in writing how its decisions were reached (including date, terms, data used, members of committee present and voting, and the recusal of any members due to a conflict and nature of the conflict).”

“Our financial statements are available upon request.”

“Consulting: program service expenses 2,801,652. Management and general expenses 13,347. Fundraising expenses 150,968. Total expenses 2,965,967. Food service: program service expenses 7,034,689. Management and general expenses 33,513. Fundraising expenses 379,066. Total expenses 7,447,268. Other business expense: program service expenses 825,955. Management and general expenses 3,935. Fundraising expenses 44,507. Total expenses 874,397. Officials: program service expenses 488,916. Management and general expenses 2,329. Fundraising expenses 26,345. Total expenses 517,590. R&m: program service expenses 1,404,439. Management and general expenses 6,691. Fundraising expenses 75,679. Total expenses 1,486,809. Print and materials: program service expenses 727,158. Management and general expenses 3,464. Fundraising expenses 39,183. Total expenses 769,805. Service contracts: program service expenses 4,166,484. Management and general expenses 19,849. Fundraising expenses 224,512. Total expenses 4,410,845. Recruiting: program service expenses 461,510. Management and general expenses 2,199. Fundraising expenses 24,869. Total expenses 488,578.”

“Loss on defeasance of debt -2,489,708.”