Vacation
This is an optional tab that may be implemented at the discretion of your institution based on need. The Vacation section identifies the vacation rates that will be applied to each Award Budget version.
Figure 939 Award Budget Document, Rates Page – Vacation Section Example
Table 427 Award Budget Document, Rates Page – Vacation Section Column Descriptions
|
Column |
Description |
|
Description |
The short name of the Vacation rate type. |
|
On Campus |
Yes or No is displayed to indicate whether or not the rate type is on campus. |
|
Fiscal Year |
The associated fiscal year is displayed in yyyy format, and represents the fiscal year in which the Period Start Date falls. |
|
Start Date |
The Award Budget Period Start Date is displayed in mm/dd/yyyy format. |
|
Institute Rate |
KC applies Vacation rate calculations only to Cost Elements included in the Fringe Benefits rate base. |
|
Applicable Rate |
Required. Click within the field and type a new
value to change. |
|
|
Click the reset rates button to change all editable values in the column of a single budget to match the existing Institute Rate values (whether old or current – those which were brought in upon Award Budget creation or subsequent synchronization). Click the sync rates button to bring Institutional Rate and Applicable Rate columns on a single budget up to date with rates for the current budget period. |
This rate may be different from
Institute Rates for a number of reasons (for example, sponsor
stipulations).
