 Guide |
Ledger, Revenue, & Spend Categories
FY24 Budget
FY23 Budget
Course/Miscellaneous Fees
The University of Akron will use fringe benefit pooled rates to simplify the process of allocating and budgeting fringe benefits, as well as providing consistency across the campus. The new fringe benefit rate includes Life Insurance, Fee Remission (Employee Only), Medical, Medicare, Retirement, SERS Surcharge, Unemployment, Vacation/Sick Leave Payoffs & Worker's Compensation. The new fringe benefit rate does not include expenses for Parking Permit and Dependent Fee Remission.
| Pool Description | Pool Account | Fringe Benefit Rate |
| Full-Time Faculty | 5000 | 34.00% of payroll |
| Part-Time Faculty | 5030 | 16.40% of payroll |
| Summer Faculty | 5040 | 16.40% of payroll |
| Full-Time Contract Professional | 5100 | 34.00% of payroll |
| Part-Time Contract Professional | 5150 | 16.40% of payroll |
| Full-Time Staff | 5200 | 34.00% of payroll |
| Part-Time Staff | 5220 | 16.40% of payroll |
| Graduate Assistant | 5300 | 2.30% of payroll |
| Student Assistant | 5400 | 2.30% of payroll |
| Pool Description | Pool Account | Fringe Benefit Rate |
| Full-Time Faculty | 5000 | 32.90% of payroll |
| Part-Time Faculty | 5030 | 17.00% of payroll |
| Summer Faculty | 5040 | 17.00% of payroll |
| Full-Time Contract Professional | 5100 | 32.90% of payroll |
| Part-Time Contract Professional | 5150 | 17.00% of payroll |
| Full-Time Staff | 5200 | 32.90% of payroll |
| Part-Time Staff | 5220 | 17.00% of payroll |
| Graduate Assistant | 5300 | 2.30% of payroll |
| Student Assistant | 5400 | 2.30% of payroll |
