A Deferred Fringe Correction spreadsheet
has been created to help determine the amount of fringe that needs to be transferred off of or onto a sponsored project. You will need to enter the information by employee and send that spreadsheet to email@example.com
for journal entry into Banner. We will transfer the over- or under-charge to a holding account, which should be zeroed out by the end of the fiscal year. Note that if there are any employees with balances still in the holding account at the end of the fiscal year those balances will be evaluated and posted to the appropriate budget number based on where the employee worked. If there is a shortfall in those budgets then the department will be responsible for providing another budget to charge for the expense.