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To: MOU Leads, HR Officers, Business Managers, RASG, Finance Liaisons, HR Liaisons

From: Fran Dykstra, Assistant Vice Chancellor, Enterprise Applications, Information Technology Services
Scott Jackson, Executive Director, Enterprise Reporting and Department Systems, Information Technology Services
Dennis Press, University Controller, Finance Division

Date: April 10, 2015

As you know, labor costs are no longer encumbered and all labor encumbrances have been removed from ConnectCarolina.  As these funds are no longer reserved, funds must be carefully managed to ensure adequate funding is available.

A new report in InfoPorte was released on Monday, April 6, that projects labor expenses through the end of the fiscal year.  Right now, only earnings are included; however, benefit and tax projections will be available next week.

The salary projections report is meant to provide an estimate of anticipated labor-related costs.  Costs are projected out through 6/14/15 for biweekly and 6/30/15 for monthly, regardless of funding end date.  Individuals who manage sponsored projects for which the project end date is later than June 30, 2015, may use information on anticipated costs per month to calculate anticipated labor costs after that date.  By the end of the fiscal year, we plan to have more robust and accurate labor projection reporting available through the funding end date, whether that is the end of the fiscal year or the project end date.

Contact the Business Systems Help Desk if you have questions about this report.

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