Budget Model Contents
Principle
Insured benefit expense and the portion of Graduate Tuition remission associated with resident tuition.
Source Of Amount
SAP GL 519*
Step Down
None
Balance To Distribute
- Insured benefits (5191XX-5195XX) post directly thru the payroll process
- Grad Health 519310 is posted to the students payroll cost object with PJ twice a year, based on student account qualifying data
- Grad Resident Remission 519600 is posted to the student payroll cost object with a PJ twice a year based on student account qualifying data
- Workers Comp and Unemployment (519800 and 519700) post to payroll cost objects quarterly based on bills from the state of Nebraska
Distributions
Direct
SAP Vs Model
Same
Reporting
Either SAP or ModelQ&A
- Why do we restate Graduate resident remissions as a benefit? They are a student and an employee.
- Why is Grad Health not posted thru Payroll? It is a different insurance plan than employees have. The institution only contributes to 79% of the bill. Resident student can waive the insurance.