Re: Accrued vacation charges Patty Siebenmorgen 12 Aug 2002 12:06 EST
So, when the person actually "takes" his/her vacation, the pay for that day(s) comes from a "pool" that has been collected, rather than to follow the employee's current pay distribution? Do you do this only for grants, or all sources of funds? Patty Siebenmorgen At 11:52 AM 8/12/02 -0500, Kaufman, Patrick wrote: >Larry, > >We charge grants at the time the vacation liability is accrued/earned >(each pay period), not down the road when the vacation is actually taken >(it is baked into our fringe benefits rate). As such, it doesn't matter >when the vacation time is actually taken (or paid out) because the grant >pays for it when accrued/earned. > >Pat Kaufman >Director of Accounting & Grants Admin. >Stowers Institute for Medical Research >Kansas City, MO >816-926-4027 xxxxxx@stowers-institute.org > > >-----Original Message----- >From: Larry Waxler - Office of Sponsored Research >[mailto:xxxxxx@USM.MAINE.EDU] >Sent: Monday, August 12, 2002 10:53 AM >To: xxxxxx@HRINET.ORG >Subject: [RESADM-L] Accrued vacation charges > > >Greetings. > >I am investigating potential solutions to an >issue that has been a long-standing problem - >accrued salary costs against terminating >grants or contracts. > >By union/University agreement, most >employees are allowed to accrue and carry- >over up to 40 days of vacation from one fiscal >year to the next. (Most employees earn 20 >days/year.) We often have grants that >terminate under which employees have >earned vacation time, but have not taken it. By >union/University agreement, employees >cannot be forced to take vacation time prior to >the termination of a grant. With the grant >terminated, and the ability to fund the vacation >time from the grant gone, the liability becomes >a cost to the University when the employee >uses the time. > >We have similar issues with sick time and with >retroactive pay raises. (We have had >union/University negotiations extend beyond a >year, during which time we have had to close- >out grants and lost the ability to charge pay >raises there.) > >So, how do you handle these situations? How >do you minimize the cost to University funds >and maximize the charge against grant and >contracts? > >Larry > > > >~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ > Larry Waxler, Director | > Office of Sponsored Programs | TELEPHONE: 207-780-4413 > University of Southern Maine | TELEFAX: 207-780-4417 > P.O. Box 9300 | E-MAIL: xxxxxx@usm.maine.edu > 96 Falmouth Street | WEB: www.usm.maine.edu/osp > Portland, Maine 04104-9300 | >~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ > > >====================================================================== > Instructions on how to use the RESADM-L Mailing List, including > subscription information and a web-searchable archive, are available > via our web site at http://www.hrinet.org (click on "Listserv Lists") >====================================================================== > > >====================================================================== > Instructions on how to use the RESADM-L Mailing List, including > subscription information and a web-searchable archive, are available > via our web site at http://www.hrinet.org (click on "Listserv Lists") >====================================================================== ====================================================================== Instructions on how to use the RESADM-L Mailing List, including subscription information and a web-searchable archive, are available via our web site at http://www.hrinet.org (click on "Listserv Lists") ======================================================================