The actual costs of fringe benefits are accumulated in the Current Unrestricted Fund as deferred charges (see 190xxx-197xxx, Deferred Charges). These costs are allocated with each payroll, using this series of G/L accounts, based on predetermined percentages applied to actual payroll expense.
The percentages used to allocate the cost of fringe benefits are established annually by the Vice President, Financial Services of the University, but may be revised during the year if necessary. The current rates are available on the web. Applicants for grants that require cost estimates for future fiscal years should contact the Office of Sponsored Programs to obtain estimated percentages to be used for future years.
610000 Fringe Benefits (Valid for: Payroll Office only)
Represents fringe benefits applicable to the salaries, wages, and special payments charged to G/L accounts 60xxxx. Departments can not use this G/L account in transactions. It can only be charged as result of payroll charged to a cost object, and can only be removed by removing payroll expense from a cost object.
610001 Fringe Benefits - CO (Valid for: Closed)
610100 Fringe Benefit Supplement (Valid for: Payroll Office only)
Represents a supplement fringe benefit charged only to non-federal codes.
610500 Student Fringe Benefits (Valid for: Payroll Office only)
Represents fringe benefits applicable to taxable student wages charged on 60xxxx G/L accounts. Departments can not use this G/L account in transactions. It can only be charged as a result of payroll charged to a cost object, and can only be removed by removing payroll expense from a cost object.
610600 Worker’s Compensation Insurance – Durham Regional Hospital (Valid for: DUHS)
610601 Unemployment Compensation - Durham Regional Hospital (Valid for: DUHS)
610602 Tuition Reimbursement - Durham Regional Hospital (Valid for: DUHS)
610603 Paid Time Off - Durham Regional Hospital (Valid for: DUHS)
610604 Flexible Spending - Durham Regional Hospital (Valid for: DUHS)
610605 Financial Planning - Durham Regional Hospital (Valid for: DUHS)
610606 Thrift Plan Matching - Durham Regional Hospital (Valid for: DUHS)
610607 Retiree Health Coverage - Durham Regional Hospital (Valid for: DUHS)
610608 Pension and Retirement - Durham Regional Hospital (Valid for: DUHS)
610609 Retiree Medical Benefits - Durham Regional Hospital (Valid for: DUHS)
610610 Long Term Disability - Durham Regional Hospital (Valid for: DUHS)
610611 Optional Benefits - Durham Regional Hospital (Valid for: DUHS)
610700 Fringe Benefits - PhD Student (Valid for: Payroll Office only)
To record health insurance expense for graduate students registered in the PhD program.612000 Fringe Benefits-Commissioned Police Officers Plan (Valid for: Univ)
612100 Worker's Compensation Expense (Valid for: Central use only)
617000 Fringe Pool Over(Under) Recovery Expense (Valid for: Univ/DUHS)
617400 Pension Expense (Valid for: External Reporting only)
To record corporate pension expense over and above amounts expensed in the fringe pool. To be used by University and DUHS External Financial Reporting Only.
617500 Post-retirement/Employment Benefits (Valid for: External Reporting only)
Represents an actuarially determined expense associated with Postretirement/ Employment benefits.
617600 Fringe Accrual (Valid for: External Reporting only)
To eliminate direct postings to 61xxxx G/L accounts to record accrued fringe.
617601 House Staff Fringe (Valid for: DUHS)
Represents the fringe benefits paid related to house staff payroll.
6196xx
619601 Capitalized Fringe Benefits (Valid for: DUHS)
619602 Contract Labor Fringe Reimbursement (Valid for: DUHS)
619900 Allocated Vacancy Allowance - Fringe Benefits (Valid for: Budget use only)
Represents fringe benefits related to estimated salary attrition (G/L accounts 609800 and 609900).