Frequently Asked Questions
Unexpended Salaries [sometimes called salary savings] are funds each college/unit saves from permanent state/unrestricted funded positions in their area that use less funds than are actually budgeted due to various personnel actions.
These actions may include:
- position vacancies,
- leave without pay,
- sabbatical leaves, or
- changes in source of funds (research released salaries).
The actual expenditures for the position will be less than what was budgeted; thus, the result is 'Unexpended Salaries.' Only academic colleges and research units retain the unexpended salaries generated from unclassified positions budgeted on unrestricted funds. The majority of these funds are redirected to support temporary or non-budgeted positions, or to provide supplementary pay, allowing the unit to maintain operations in the absence of filled positions. Any remaining unexpended salaries are reallocated to support categories at the discretion of the college or unit, such as operating services, supplies, or equipment. The benefit of unexpended salaries is that deans and directors of the units that generate them can exercise greater control over their budgets.
No, they do not. If there are any left over funds in unexpended salaries at the end of fiscal year it will be absorbed by other accounts in your unexpended salaries unit/college. If, after this, there are still funds left over they will be transferred to the institutional general fund.
No, unless your department is a service center/recharge operation, or if your unit is funded by state interagency transfer or statutory dedicated funds, termination pay is paid out of an institutional account. The month after a termination pay expense is charged to a state account the Office of Budget & Planning processes a budget adjustment transferring money to the account from an institutional account to cover the termination pay expense.
No, these expenditures are paid for from a institutional account. The month after an expense hits these accounts the Office of Budget & Planning processes a budget adjustment transferring funds to the accounts to cover the expenditures.