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.
Represents fringe benefits applicable to the salaries, wages, and special payments charged to G/L accounts 60****. 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.
Represents fringe benefits applicable to taxable student wages charged on 60**** 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.
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.
