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 3 payroll accrual to ensure payroll expenses are recorded in the month in which they were incurred.
For Quarter 3, FY26, Financial Services will:
- Accrue 10/14ths of Payroll 2026-020 as an accrual amount for the ten March days (March 22 – 31) that are being paid on April 10.
On or around April 10th, our office will be booking the expense into March, Fiscal Period 9, and reversing the Accrual in April, Fiscal Period 10. 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 3 Accrual. See the FADs for general FADs information.
For Help or Questions, please contact Financial Services.