903.2 - University of North Carolina at Chapel Hill Procedure on Budgeting for Fringe Benefits

Procedure Statement

Fringe Benefits must be included on budget revisions when transferring budget from a non-personnel account to a personnel account.

Forms and Instructions

A Budget Transfer is required to align fringe benefits with salaries. Budget transfers are entered by campus departments in ConnectCarolina in Commitment Control. Departments are responsible for calculating the applicable fringes that are needed for the salary before generating the transfer. The benefits are then entered as an increase and the non-personnel accounts are entered as a decrease. A justification should be entered to explain the transfer of fringes and how they are associated with the salary line.

The revision must be in balance. The total increase amounts must equal the total decrease amounts. Budget transfers are in whole dollars only. Commas are not required. The campus department must confirm that sufficient budget exists in the decreased chartfield string before transfer is approved. Budget transfers will not be permitted on invalid chartfields. Departments may use only those accounts to which they have online access in ConnectCarolina.

Related Data

None

Related Policies

  • Finance Policy 903 - University of North Carolina at Chapel Hill Policy on Fringe Benefits

History

Revised:

  • October 1, 2014: Revised instructions to correspond with ConnectCarolina.
  • January 11, 2012
100% helpful - 1 review
Print Article

Details

Article ID: 131563
Created
Thu 4/8/21 9:11 PM
Modified
Tue 10/31/23 1:18 PM
Responsible Unit
School, Department, or other organizational unit issuing this document.
F&O-Finance
Issuing Officer
Name of the document Issuing Officer. This is the individual whose organizational authority covers the policy scope and who is primarily responsible for the policy.
Issuing Officer Title
Title of the person who is primarily responsible for issuing this policy.
Budget Director
Next Review
Date on which the next document review is due.
01/30/2020 12:00 AM
Last Review
Date on which the most recent document review was completed.
01/30/2019 12:00 AM
Last Revised
Date on which the most recent changes to this document were approved.
01/30/2019 12:00 AM
Effective Date
If the date on which this document became/becomes enforceable differs from the Origination or Last Revision, this attribute reflects the date on which it is/was enforcable.
01/30/2019 12:00 AM
Origination
Date on which the original version of this document was first made official.
01/11/2012 12:00 AM