Salary Savings
Salary Savings is defined as the difference between the amounts budgeted for salaries less the combined year-to-date and projected expenditures to the end of the fiscal year. Savings is generated when budgeted salary positions become vacant or are filled with employees earning less than the budgeted salary. Any savings generated by a unit's state accounts remains with the unit's respective Provost or Vice-President in a special salary savings account. Limits on usage of salary savings have been determined by each respective vice president or provost. Units can recoup salary savings for non-salary uses, within their respective Vice-Presidential or Provost limits, by sending a written request or email to the appropriate Budget Officer in the Office of Budget Management, Administrative Services Building, Room 311- Busch Campus, indicating the amount requested and the state account number where the funding should be placed.