L&S Budget Office Presentation: Fixed-Faculty Funding

This KB is a summary of the short presentation that was given at the Budget Office Virtual Office Hours on Wednesday, April 19, 2023. The focus of the presentation was fixed-faculty funding in relation to 101 budgets and the new faculty budget model on the BSR.

Presentation Overview

  • Beginning in FY23, L&S moved toward the Faculty Budget Model for Department Budgets.

  • Departments can capture savings on the tally sheet when faculty are temporarily off the L&S 101 budget due to:
    • Research buyouts
    • External fellowships
    • Unpaid leaves
    • Academic-year sabbaticals
    • Administrative appointments outside L&S

  • Professorships with 101 salary offsets are permanent savings on the L&S 101 budget as long as the professorships are re-awarded each term.  
    • If the funding distribution is not correct in HRS, it could charge against the 101 faculty salary budget and cost the unit.

  • Non-101 Temporary Base Adjustments (TBAs) do not impact the savings on the Faculty Budget Model BUT if the funding distribution is not correct in HRS it could charge against the 101 faculty salary budget and cost the unit.

  • At the end of the fiscal year, the faculty salary amounts listed on 101 in WISER are compared to the Department’s 101 faculty budget and any year-end surplus (or deficit) on the faculty budget sheet will result in a one-time credit (or charge) to the department’s tally sheet.

  • In order to receive accurate credit for any faculty salary that was approved to be paid off 101, HRS funding needs to be updated correctly so that WISER will reflect those amounts accurately.

   

 

 

See Also


Keywords:
faculty budget model, BSR, fixed-funding, professorships, end-of-year, fiscal year end, EOY, 101 
Doc ID:
127341
Owned by:
Kesha W. in L&S KB
Created:
2023-04-18
Updated:
2023-04-20
Sites:
L&S KB