Commitments are financial obligations (funding), promised to an individual, group of individuals, department or unit for a specific purpose, but not yet distributed or received. Funding commitments are distributed at a future time in lump sum or installments. Once a funding commitment is distributed, often systemically through the creation of…
Base – The commitment will become a part of the ongoing department budget
Non Base – The commitment will not become part of the ongoing department budget
Individual Faculty – Obligations made to individual person(s) typically in support of recruiting, retention and retirement. e.g., Faculty Startup, Faculty Summer Salary, Research Account, Forgivable Loan, Retention Agreement, Incentive/Award, Support
Departmental Activities – Teaching Lab Budgets,…
A project or program sponsored by the department with departmental funds to include: Teaching Lab Budgets, Faculty Search, Renovation, Cost Share, Interdepartmental Initiatives, etc.
Examples of events may include: workshops (faculty or otherwise), conferences, or colloquia (annual or one-time).
Obligations made to individual person(s) typically in support of recruiting, retention and retirement. e.g., Faculty Startup, Faculty Summer Salary, Research, Rebates.
Items purchased such as: equipment, materials and supplies.
The office or department representing the funding recipient (e.g., individual or activities) is referred to as the Receiving Unit (e.g., the Home department of the faculty member receiving a startup Commitment). The Receiving Unit is entered on the To line in the Commitment Financial Details.
The individual office or department that promises to provide funding for an individual or activities is referred to as the Sending Unit. The Sending Unit department is entered on the From line in the Commitment Financial Details.