Office of Audit & Compliance, Office of the General Counsel, and the University Archives and Records Center (Effective January 2, 2001)
Formally Adopted by the President’s Advisory Committee on the University Archives and Records Center (April 11, 2002)
Formally Adopted by Resolution of the Trustees of the University of Pennsylvania (June 17, 2011)
| Accounting, Finance and Payroll | |
|---|---|
| Accounts payable and receivable records | 5 years |
| Books of accounts | 7 years |
| Banking records | 7 years |
| Financial statements; annual reports to government agencies | permanent |
| Budgets | permanent |
| Payroll records | 7 years |
| Employee benefit plans | 1 year after term of plan |
| Records of property subject to gain or loss treatment | 7 years after taxable disposition |
| Records supporting items of income, deductions and credits | 7 years |
| Tax returns and supporting records | 7 years |
| Development | |
|---|---|
| Fundraising | 5 years after end of registration period |
| Endowment | permanent |