Policy: Lapsed & Released Salary & Unspent Funds
Listing generated on 01/28/2021 at 06:30:22.
|Name:||Lapsed & Released Salary & Unspent Funds|
|Status:||Approved and Activated|
|Administrative Division:||VC for Administration & Finance|
|Responsible Office:||VC for Administration & Finance|
|Summary/Purpose:||Any lapsed, released, or unspent salary dollars, including graduate student
stipends, shall be allocated at the end of the fiscal year or carried forward
in the subsequent year. Any other unspent funds and/or deficits shall be
carried forward by the originating department and will temporarily increase or
decrease their budget in the subsequent year.
|Policy Narrative:||PDF File|
|People Affected:||FACULTY STAFF|
|Related UM Policies:|