61xxxx: Fringe Benefits
The actual costs of fringe benefits are accumulated in the Current Unrestricted Fund as deferred charges (see 190xxx-197xxx, Deferred Charges). These costs are allocated with each payroll, using this series of G/L accounts, based on predetermined percentages applied to actual payroll expense.
The percentages used to allocate the cost of fringe benefits are established annually by the Vice President, Financial Services of the University, but may be revised during the year if necessary. The current rates are available on the web. Applicants for grants that require cost estimates for future fiscal years should contact the Office of Sponsored Programs to obtain estimated percentages to be used for future years.