International Banking, Expense Reimbursement and Replenishment

Last Revision: December 13, 2006

Policy Statement

The policy provides requirements for reimbursement of international business expenses and replenishment of international bank accounts, while establishing internal controls over University assets to minimize the University's risk of financial loss. Reasons for the Policy Columbia University is continually growing as a global University through its ever expanding international projects. International activities result from any individual, department, or school traveling abroad or running a project in a foreign country. Some projects are one time events, while others require on-going support. These international projects may involve research, teaching, and/or service and delivery activities and the participants may include faculty, officers, students, and/or external partners. Funding sources include government grants, contracts and cooperative agreements, private gifts and grants, tuition and fees, and/or central administrative funds. Each individual, department, or school must be aware of the country's specific legal requirements for conducting business and the US Government's requirements/treaties before commencing activities within country.

Responsible University Office

The Office of the Treasurer

Who is Governed by this Policy

Each individual, school, and department that participates in international travel and/or international projects should review and understand this policy.