Effective July 1, 2018, Campus established a Centralized Compensation Pool for CSU Operating Funded-positions, similar to the established Centralized Benefits Pool. Division salary budgets have been updated to represent all active ongoing filled and vacant positions that were reported in Position Listing Reports submitted by Divisions. This week, all budgets in Account Category 601 – Regular Salaries and Wages on CSU Operating Fund 70000 will revert to the established Centralized Compensation Pool with an effective date of July 1, 2018. Each month after the monthly Labor Cost Distribution process completes, budget will be allocated from the Centralized Compensation Pool to departments to cover salary expenditures.
Questions regarding the Centralized Compensation Pool may be directed to local Division Budget Officers or the Office of Budget Planning & Financial Management.