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Category results for: G&C Accounting

FY2027 Fringe Benefit Rate Update – Effective July 1, 2026

The Controller’s Office is working on updating the fringe rates applicable to fiscal year 2027. The new rates are applicable to transactions incurred on or after Jul 01, 2026.Faculty/Classified Fringe 38.7% (Decrease from 38.8%) Hourly Fringe 7.8% (Increase from 7.4%) Updated Process  Payroll: o   input new rates in Banner; new rates to be automatically applied to […]