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Terms & Notes

Permanent salary savings result from a budgeted vacancy (retirement, resignation, or termination) with a full-time regular replacement at a lower salary.

Temporary salary savings (one-time only) result from a budgeted position which is temporarily filled by a limited term employee at a lower salary or which remains vacant for part or all of the year.

Periodic salary studies will be prepared and any salary adj. will be made. These adjustments will only be awarded during the preparation of the original fiscal budget with new monies if sufficient funds are available.

Guidelines

The vice president of any unit/division has the authority to override any budgetary decisions regarding the use of temporary or permanent salary savings within the unit.

Temporary salary savings cannot be used for equity adjustments.

Temporary salary savings in non-academic departments will remain at the unit level at the discretion of the appropriate vice president.

Temporary salary savings in academic departments will remain in the academic department at the discretion of the college dean or, in case of a unit which reports directly to the provost, at the discretion of the provost.

Permanent salary savings may be used for creating new positions, salary adjustments for current or new hires if within the guidelines set by and approved by the director of human resources, or transferred to other areas internal or external to the unit. Appropriate benefits must also accompany any new positions with salary adjustments.

Permanent salary savings used for salary adjustments for faculty or staff must be submitted to Human Resources for review and recommendation and approved by the dean and the respective VP.

Any permanent salary savings that are not identified for reallocation by the appropriate budget manager will be rolled back into the ºìÁ«ÉçÇø centralized funding pool for permanent redistribution during the annual budget cycle.

Approved October 2007

Read more from the ºìÁ«ÉçÇø Budget Handbook.