Fiscal Year Cashout for Special and Overtime Compensation
John P. Kruczek, University Controller
University policy requires that USPS employees with special and overtime compensation be paid by fiscal year end. Unlike the special compensation “cash out” payments occurring during the year, this scheduled “cash out” is processed and authorized via the Online Payroll Certification system. The hours for this “cash out” will be loaded from the Central Leave Master file as of the night of June 8, 1999 for processing with the payroll period ending June 10, 1999 and payday of June 18, 1999. More information can be found in the Handbook for Business Procedures, Volume 2, Expenditure & Disbursements, Section 1.14 or you can access the Handbook via the Administrative Affairs Home Page at http://www.admin.ufl.edu
A report with employees’ accumulated special and overtime compensation for your unit has been sent to budgetary personnel for redistribution to colleges and departments. You may want to encourage employees with accumulated time to take time off before June 8, 1999. Alternatively, those staff with unused balances as of June 10, 1999 balances will be paid on the June 18, 1999 payday. For those administrators who use salary status commitment information, the special and overtime compensation liability is not included in that commitment data. Accordingly this expense is over and above the amounts reported in your salary status data.