The Core Recurring Budget is the recurring approved annualized plan of operations for the university. The Campus Budget Office (CBO) manages the distribution of Core Recurring Resources across campus. These resources are distributed as an annual lump sum allocation with units receiving their full approved Core Recurring Resources within the 1st quarter of the fiscal year. An exception to the lump sum distribution is the mid-year compensation program which is journaled in the November - December fiscal period timeframe.
During the 1st quarter (July-September) of each fiscal year, the Core Recurring Resource allocations will be distributed to campus ‘Financial Unit-Fund-Function-Project’ chart strings from the Budget Office. The table below provides a summary of the journals completed which culminate the total Core recurring transfers.
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Journal Purpose
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Journal Name Prefix
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Account Code Used
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Core Recurring Base: Compensation (Journal #1)
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CBO CRA COMP FY24
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774905: CBO Recurring Compensation Support
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Core Recurring Base: Non-Compensation (Journal #2)
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CBO CRA NON-COMP FY24
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774900: CBO Recurring Allocation
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Core Recurring Base: Compensation Back-Out (Journal #3)
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CBO CRA COMP BACKOUT FY24
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774905: CBO Recurring Compensation Support
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Approved New Requests (Journal #4)
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CBO RCTT AUG23*
*This journal will include other
Campuswide Resource
Commitments, and is not limited to FY24 Approved New Requests
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Non-FTE:
774900: CBO Recurring Allocation
Filled FTE Breakdown:
Salary/Benefits – 774905: CBO Recurring Compensation Support
$5k Non-Comp Support – 774900: CBO Recurring Allocation
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November & December Close: Mid-Year Compensation Program Increases (Journal #5)
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CBO COMP FY24
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774905: CBO Recurring Compensation Support
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