Accrual Details
The Financial Services Department continues to strive for accurate and timely financial reporting. To support this goal, Financial Services is posting a Quarter 2 payroll accrual to ensure payroll expenses are recorded in the month in which they were incurred.
Because Timesheet 2026-013 (paid on January 2, FY26) only covers wages and fringe benefits through December 27, Financial Services must estimate the payroll expense for the remaining December days (December 28–31, 2025).
For Quarter 2, FY26, Financial Services will:
- Accrue the full distribution from Payroll 2026-013 for 14 days (December 14–27), and
- Accrue 4/14ths of Payroll 2026-013 as an estimate of the payroll for the four remaining December days (December 28–31).
This results in a total accrual covering 18 days (1 + 2 above or see image below). The accrual will be recorded in December, Fiscal Period 6, and it will be reversed in January, Fiscal Period 7, FY26.
This accrual enables campus departments to accurately calculate total payroll expenditures for the fiscal year.
Fund Information:
Unrestricted Funds: 1111, 1112, 1113, 1116 will be accrued and reversed.
Restricted Funds 1114, 1115, 1253 ** WILL NOT ** be accrued at the Grant ID level, so it should not affect any Grant Summary or Grant Detail Reports. (This is UMBC’s traditional Accrual on these Funds.)
Budget
The Budget Column on the REX Budget to Actuals Report will be updated to reflect the amounts for State Fringes.
Finance FADs
The Financial Administrative Dashboards (FADs) related to the General Ledger or Department will reflect the Quarter 1 Accrual. See the FADs for general FADs information.