From: Kuali Financial System <KFS-L@LISTSERV.UCONN.EDU> On Behalf Of Budget – Budget Office
Sent: Thursday, August 27, 2020 11:06 AM
To: KFS-L@LISTSERV.UCONN.EDU
Subject: Central Budget Adjustment Update
Central Budget Adjustment Update
All of the items below only apply to University Supported (OPTUI) 2-Ledger accounts:
- UCPEA/CLASSIFIED Increases (eff June/July) – Both permanent and one-time (if applicable) funding has been transferred into departmental accounts. Remember – any UCPEA One Time Performance Award (OTPA) expenses and funding hit directly on a central account so those payments will not be visible in the departmental accounts.
- AAUP Increases (eff 8/23) – Permanent funding will be transferred during the third week of September.
- UCPEA Classification Project (Career Paths) – Permanent funding for any UCPEA employee who received a salary increase as a result of the reclassification project will be transferred by mid-September.
- Management Furloughs – Next week, we will remove the equivalent one-time funding for the full 12 or 24 day furlough savings from departmental accounts based on a file from early July. Payroll encumbrances (on all types of accounts) will also be adjusted next week, accounting for the anticipated reduction of pay.
- 2-Ledger Carryforward – FY20 balances have carried forward into FY21. The one-time transfers to pull back funding above the carryforward CAP will be processed by Monday. The CAP for FY20 balances is 2.5% for academic areas (reporting to Provost) and .5% for administrative areas (reporting to President and EVPA &CFO).
If you have any questions, please reach out to your assigned budget analyst.
~Office of Budget & Planning