Budgeting
FY25 Budget Calendar
FY25 MU Compensation Basic Guide
Workday Planning reference guides & videos
FY25 Assumptions
Name | Rate |
---|---|
General Revenue Allocation | Variable |
Benefit rate on compensation
Per person (PPB) Pay based (PBB) Leave rate (LBR) FICA Maximum social security to budget Estimated social security max wage |
$10,400 16.15% 2.6% 7.65% $10,453 $168,600 |
Overhead allocation | 5.0% |
Endowment income | 7.0% |
Endowment distribution | 4.0% |
Investment income | 0.5% |
Gift assessment fee | 5.0% |
- Major auxiliaries should budget an 863100 (full costing entry) to (0000 C4110004 0) instead of the direct IT expense accounts for ports, Cherwell & Tier 1 staff.
- CSDs will continue to budget for Graduate resident aid expenses using accounts 760300 & 760400
- 10% pullback on fund 0000 balances should be transferred to 0000 C4310106 0 using 862000 in the month of September
- The 20% F&A return will be given as a oneātime transfer during FY25