Business and Finance: Accounting
Policy Title: Relocation Expenses for Newly Hired Faculty and Staff
Created 1/1/2006    Updated 3/11/2008
Purpose: To outline official payment policy for relocation expenses for newly hired faculty and staff.

To effectively recruit quality faculty and staff, Drake University may reimburse newly hired employees for expenses related to relocation.  The hiring manager is responsible for informing the final candidate of the relocation reimbursement based upon the following schedule.  The University will provide assistance up to $2,500 which is to be included in the letter of offer to the employee.

 

The applicable reimbursed amount will be included in the employee’s W-2 for tax purposes.  Information is available for tax return purposes through the IRS documentation in the IRS Publication 521, Moving Expenses at http://www.irs.gov/pub/irs-pdf/p521.pdf.

 

 

Send policy comments to: Web Administrator
Responsiblity for Administration: Accounting
Department Policy Resides in Business and Finance