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Fact Sheet for 2008-2009
1. The employee benefit rate to be charged to non-research index (Banner index) ledgers 2, 3, 4, 5, 6 and 9 is 32.7% of all applicable salary codes and 8.1% of wage codes. The employee benefit rate to be charged to research grants and contracts is 29% of all applicable salary codes and 8.1% of wage codes.
2. The endowment earnings rate, in accordance with the current endowment spending policy, will change to $7.492 per share. The appropriate amount has been automatically calculated and printed in the proposed column on the budget sheet.
3. The Administrative Fee for Revenue Producing Activities will remain at 4.5%. Revenue Producing Activities include short courses, seminars, conferences, athletic games, facilities rentals, etc.
4. There is no standard increase for expense categories. Consult with your vice president or dean as to whether they are authorizing any change (flat dollar amount or percentage change).
5. The following is a list of commonly used expense categories for your reference.
| Budget Code | Description |
| 71000 | Office Operations |
| 72600 | Travel |
| 73200 | Equipment Purchase |
| 74000 | Contracted Services |
| Insurance | |
| 74200 | Building Maintenance |
| 74900 | Utilities |
| 75000 | Library Acquisitions |
| 75200 | Athletics (sports expense) |
| 77990 | Internal Charges |
| 78690 | Contingent |
Fact Sheet for 2007-2008
1. The employee benefit rate to be charged to non-research index (Banner index) ledgers 2, 3, 4, 5, 6 and 9 is 33.2% of all applicable salary codes and 8.1% of wage codes. The employee benefit rate to be charged to research grants and contracts is 30.3% of all applicable salary codes and 8.1% of wage codes.
2. The endowment earnings rate, in accordance with the current endowment spending policy, will change to $7.019 per share. The appropriate amount has been automatically calculated and printed in the proposed column on the budget sheet.
3. The Administrative Fee for Revenue Producing Activities will remain at 4.5%. Revenue Producing Activities include short courses, seminars, conferences, athletic games, facilities rentals, etc.
4. There is no standard increase for expense categories. Consult with your vice president or dean as to whether they are authorizing any change (flat dollar amount or percentage change).
5. The following is a list of commonly used expense categories for your reference.