Now through October 31, we're waiving application fees for all domestic freshman and transfer applicants!
*Common app code: Central27
Now through October 31, we're waiving application fees for all domestic freshman and transfer applicants!
*Common app code: Central27
| ID | Title | Description | Creator / Responsible Unit | Retention Period | After Retention |
|---|---|---|---|---|---|
B1 | Budget Planning and Financial Records | Documents used to develop University budgets and monitor university financial assets including statements of state allocations, lists of accounts and account records, expenditure reports, assets acquisition reports, annual budget summaries, investments, and reports, summaries of events / ticketing reports, and summary reports of accounting, debts, and external audits. | Finance and Administrative Services or the University Units that Create the Records | 5 years | |
B2 | Financial Statement Reports | Annual reports related to annual Budget and Performance Transparency Reporting. | Finance and Administrative Services | Permanent | |
B3 | Insurance Records | Documents relating to a variety of insurance policies, reports, and claims including certificates of insurance, carrier reports, policy reports, policy audits, and claims files. | Finance and Administrative Services | Active + 7 years | Dispose - Could this be added to the University Archives? Check here. |
B4 | Tax Records | Documents related to a variety of Federal and State tax reports as well as tax exemption certification including but not limited to Employers Quarterly Federal Tax Returns, Miscellaneous Income Statements, Withholding Allowance Certificates, Request for Taxpayer Identification Number and Certificate, Wage and Tax statements, certificates of sales tax exemption, and other related Federal and State tax forms. | Finance and Administrative Services | Active + 5 years | Dispose - Could this be added to the University Archives? Check here. |
B5 | Financial Transaction Records | Documents used to execute or monitor the receipt or expenditures of any University funds or other property including but not limited to accounts payable and receivable, journal entries, ticket sales details, balance sheets, banking account statements and deposit slips, bills, cash register records, check stubs, credit card records, daily logs, invoices, payment authorizations, budget revisions, price quotes, purchase orders, receipts, reconciliation files, reimbursements, requisitions, and transaction details for budgets, internal audits, and supplies. | University Units that Create the Records | 5 years | Dispose - Could this be added to the University Archives? Check here. |
B6 | Payroll Documents | Includes
documents and reports that provide information about employee wages
earned, leave balances, credit card (business), and other benefits
accrued or expended. | Finance and Administrative Services | 4 years | Dispose - Could this be added to the University Archives? Check here. |
B7 | Contracts | Legal agreements between the University and external entities including but not limited to: services provided to or received from the University by external entities, athletics game agreements, capital projects, catering agreements, conference agreements, equipment and maintenance agreements, event agreements, exhibit loan agreements, facility use agreements, faculty exchanges, healthcare agreements, leases, memberships and subscription agreements, non-disclosure agreements, publishing agreements, real estate agreements, software and license agreements, student placement agreements, transportation agreements, and utilities agreements. | Finance and Administrative Services and/or Office of Research and Graduate Studies | Active + 5 years or as stipulated by the individual agreement | Dispose - Could this be added to the University Archives? Check here. |
B8 | Externally Funded Grant Records | Documents
related to approved externally-funded sponsored research projects and
other activities including but not limited to final proposals,
supporting data and statistics for the proposal, administrative guidance
documents, and final
reports.
| Grant Accounting Office and Office of Sponsored Programs | Active + 3 years from the date of submission of the final expenditure report, or longer as stipulated by the individual agreement or as specified by the sponsoring agency.** Also see Uniform Guidance 2 CFR 200.333 for exceptions. | Final proposals and reports to Archives. For other records, dispose, but check first if they could be added to the University Archives. |
B9 | Unsuccessful Grant Records | Reports and supporting documents related to unsuccessful externally-funded sponsored research projects - NON-RECORD. | Office of Research and Graduate Studies | As long as useful | Dispose - Could this be added to the University Archives? Check here. |
B10 | Identification Card Records | Documents related to the issuance, maintenance, and termination of identification cards to University students, staff, faculty, and guests. | Finance and Administrative Services | 3 years | Dispose - Could this be added to the University Archives? Check here. |
B11 | Donor Files, Gifts, and Endowment Records | Records related to donations, gifts, and endowments including but not limited to agreements, contact information, account reports, scholarships, and public relations materials. | Financial and Administrative Services and Advancement | The life of the donor + 10 years | Dispose - Could this be added to the University Archives? Check here. |
B12 | Unclaimed Property Records | Records related to unclaimed property and uncashed checks kept in accordance with State of Michigan law. | Financial and Administrative Services | Permanent | |
B13 | Retirement Plan Records | Contact the Records Management Team for more information. | Financial and Administrative Services | 50 years | Dispose - Could this be added to the University Archives? Check here. |
B14 | Bonds and Trusts | Legal documents regarding revenue, bonds, and trusts. | Financial and Administrative Services | Permanent |
Updated August 2026