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Cooperative Extension Service |
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Agricultural
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U of A Board Policies
Dale Bumpers College
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Summary: Provides guidelines and links for the Division’s Reward Programs in connection with extramural funding. The University of Arkansas Division of Agriculture has multiple faculty incentive programs in place to encourage faculty involvement in extramural funding, which meets certain criteria. The two programs currently available are the Faculty Salary Funding Incentive Plan and the Organizational Salary Savings Distribution Program. While faculty members and their departments/units cannot receive benefit from both plans or programs for the same person on one project, they offer two opportunities, both of which are beneficial. Complete details of the Division of Agriculture Faculty Salary Funding Incentive Plan can be found on the Division's web page.(http://division.uaex.edu/policy_management/pmgs_03_8.pdf). The Faculty Salary Funding Incentive Plan Approval Form (FINANCE-311) can also be found on that page, as well as in the Cooperative Extension Service templates under the Finance section (policy/Templates/mswordtemplates/FINANCE/FINANCE-311.dot.) Under the Organization Salary Savings Distribution Program, 10% of the salary savings accrued from 12-month hard funded positions being direct charged on grants or contracts will go into an Administration salary residual account. the remaining 90% of the salary savings (excluding fringes) will be available to be spent by the financial managers and the faculty members being direct charged on the project in support of any of their programs. The Organizational Salary Savings Distribution Approval Form (FINANCE-310) should be submitted at the time the grant or contract proposal is routed for internal approval prior to submission. Approval by the Department Head/Staff Chair, appropriate District Director/Assistant Director/Associate Director and Associate Vice President for Agriculture - Extension will be contingent upon meeting the criteria and purpose of the Plan. The approval form for participation in either of these grant reward programs (FINANCE-311 or FINANCE-310) should be submitted along with the internal Grant Approval Form (FINANCE-312) at the time the proposal is routed for signatures prior to submission to the funding source. Signed copies of the applicable forms should be included in all internal copies of the grant application when distributed. The disbursements under the Faculty Salary Incentive Plan will be made after the end of the state fiscal year (July 1-June 30) in which the organization received the savings to its operational budget. In the case of awards bridging state fiscal years of for multiple year awards, the amount recovered prior to July 1 of a given state fiscal year will be the basis for that year's distribution. Amounts recovered during the next state fiscal year will be reflected in the distribution the following July. Disbursements under the Organizational Salary Savings Distribution Program will be made twice annually. The amount recovered by the organization within the previous six month period (July 1-December 31 or January 1-June 20) will be credited to the salary savings funds indicated on the Finance -310 form submitted with the award in the application stage of the process. This accumulation will be credited by the end of July for the January 1-June 30 period and by the end of January for the period July 1-December 31. State Commodity Board support funds are not eligible for consideration under either of these plans. |
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