October LCD Processing

To personnel with Labor Cost Distribution (LCD) responsibilities, this is the monthly reminder to confirm your salary information by running your LCD Setup Audit.

Any changes to the distribution of funding for payroll expenses that you would like made for October 2014 payroll must be received by Finance Support no later than Thursday, October 23 at 5:00 p.m.

For staff member changes, all requests can be submitted directly to Finance Support:

Andrew Nguyen
Finance Support, CL 500
Extended Zip 0008

For faculty who are on release time and/or any split funding changes, employee profile requests must be approved by the Dean’s Office prior to submittal to our office. The Release Time Authorization (RTA) form for faculty on release time with the Research Foundation should be sent to Faculty Affairs – please do not send the RTA form to Finance Support.

We cannot guarantee that requests for changes received after the deadline will be captured for the October payroll cycle.

Reminder: Payroll expenditures for Fiscal Year 2014/15 will reflect regular/negative pay for the months of July 2014 through June 2015; positive pay salary expenditures (e.g. student salary and overtime) will represent the months of June 2014 through May 2015. Positive pay for Fiscal Year 2015/16 will reflect expenditures for the twelve month period of June 2015 through May 2016.

For more information about the LCD process, please see http://www.sjsu.edu/finance/about_us/budget/budget_dev/people_budgeting/labor_cost_distribution/index.html.

If you have any questions, please contact FinanceConnect at finance-support@sjsu.edu or 4-1558.

September Accounting Period Closed

For employees who track or manage department budgets, please note that the month of September 2014 is now closed in CFS. This means that the General Ledger (GL) system will not accept any more entries with a September journal date. September transactions can still be entered into the GL system, but the journal date must be 10/1/2014 or later. The current period open is October 2014.