The annual Department Budget Table (DBT) roll-forward update completed successfully on June 27 to continue position funding FY25. See critical upcoming tasks and deadlines to ensure payroll runs as intended.
There are a few best practices to keep in mind while reviewing paychecks to ensure that employees are paid correctly and funding posts correctly. As we approach fiscal year-end, become acquainted with the tools to ensure all pay is posted correctly before fiscal year-end on June 30.
There’s more to taxable income than regular salary — awards, tuition assistance, gift cards and even some family benefit costs can be subject to tax. Remember: Any unpaid employee taxes are redirected to the unit — see how to query for these charges.
In addition to the usual year-end tasks, specific situations can arise with grant-funded positions and the electronic Personnel Effort Reporting System (ePERS).
There’s more to payroll funding than position funding. Account codes classify the kind of earnings and benefits processed by payroll and are crucial for encumbrances and budgeting.
