Any University Department with transactions in the general ledger is responsible for following the Standard Practice Guide policy on fiscal responsibilities under SPG 500.01.  This policy delineates, in one place, many of the fiscal responsibilities required by the University. It is the responsibility of every faculty and staff member who are involved in any financial activity on behalf of the University to be fiscally responsible and to exercise appropriate financial controls, as outlined in this document and as is relevant to their role. This document defines the five guiding principles for financial control, four essential department level requirements for financial control and provides an outline of the roles and responsibilities that are required by the University (at a minimum) at each level of the organization.