Budget preparation begins in November and December. Administrators should work with their faculty to compile their salary sources for the following fiscal year. It is important to keep backup documentation that verifies salary support and to submit it along with the FCW.
The budget kickoff meeting with the directors is typically scheduled within the first week of January, followed by the administrators’ meeting. FCWs are due at the end of January while supplemental forms are usually due in the first week of February.
During the month of February the finance and OES offices will verify fund availability and FAUs. Administrators should respond timely to any inquiries from fund managers.
The Psychiatry and Semel budgets are due in March and April respectively.
How to Assist Your Faculty in Salary Negotiations
See also: https://www.finance.ucla.edu/composite-benefit-rate-assessment
*NOTE* Pending awards without written confirmation cannot be used for salary negotiation.
We are dedicated to ensuring your experience with the UCLA Semel Finance is positive and productive. Don’t hesitate to reach out if you have any questions or need further assistance.
