Update from Stacey

We are nearing the end of the fiscal year so I’ve been working on a few budgeting items for Fiscal Year 2023, which starts July 1, 2022. I am grateful that the importance and effectiveness of our work has been recognized and that our budget cut was modest. Budget cuts are never easy, but we are able to take our cut without laying off any staff by focusing on positions with attrition, and absorbing some of the cut with funds that would otherwise be used to improve classrooms.

On the salary side, the Board of Regents approved a merit pool of 3.85% as part of their June meetings. This means a pool of money is allocated to units based on a percentage of their total civil service and P&A staff salary expenses, i.e., raises are not awarded directly to staff. With a larger percentage than has been approved in prior years, units are required to award different percentages to staff earning different scores on their performance reviews. This is in accordance with the University’s merit pay requirements. We are still finalizing our salary plans and getting approvals, but I anticipate having a very small difference in percentages between those earning 2s and 3s respectively. I hope to send an email update soon with details.

As we go through this process each year, we never have enough—we have so many talented staff doing great work and I don’t think we are able to fully show our gratitude for your work via salary increases. We value the work you are doing, thank you.

End of fiscal year transactions

The end of the fiscal year is approaching next month. In order to have transactions posted this fiscal year, the following transaction types need to be completed before 4:30 p.m. on Monday, June 7, 2021:

• Travel Card transactions reconciled/submitted in ChromeRiver (including credits/refunds)
• Reimbursement requests submitted in ChromeRiver
• Requisition / Purchase Order requests (including UMarket)
• PO Change Order requests
• Invoices / Check requests
• PCard transactions reconciled in MyWallet (with email notification to Finance partner Jeremy Schwanz)

If you have any questions about reconciling expenses in ChromeRiver, please email asrcentral@umn.edu to get them entered and submitted.