Part III - UNM Finance: Practical Applications

SARM Site Search

 



Standard Accounting Resource Manual (SARM)

MSC 0000 00
1 University of New Mexico
Albuquerque, NM 87131

Labor Redistribution Examples

INADEQUATE:  Move 50% of Joe Smith’s Salary in March

GOOD:  Joe Smith provided 50% effort to index 123456, so 50% is moved to index 555444.

BETTER: Joe Smith provided effort of 50% on CTSC index 123456 and 50% on index 555444.  This aligns effort with the correct benefiting program.

BEST PRACTICE:  Joe Smith provided effort of 50% on CTSC index 123456 and 50% on index 555444.  This aligns effort with the correct benefiting program.  Authorized by Debbie Jennings, who has signature authority on the indices to which expense is increasing.