[Msoadm] Multi-Year CBR Approval Memo

[Candice P Gomez]

MEMORANDUM

TO:                  Campus Financial Staff

FROM:            Stephanie Flores, Executive Director
                        Financial Planning and Analysis

DATE:            August 21, 2023


RE:                 Fiscal Years 2020 - 2024 Federally Approved Composite Benefit Rates for all UCR Activities





As you know, UCR established fringe benefit rates that are based on a percentage of salary of the employee based on Employee Groups that do not vary by individual employee benefit selections, commonly referred to as Composite Benefit Rates (CBRs) as a result of going live with UCPath in FY2018.  As part of any fringe rate calculation process, UCR seeks annual approval of the fringe rate structure (CBR Rates) from the Department of Health and Human Services (DHHS - the campus' cognizant federal agency).  The last federally approved rate proposal for UCR was for the FY2019 rates, prior to the very recent federal action.



After a long process of consultation and collaboration that occurred over several years, between the Office of Financial Planning and Analysis, the UC Office of the President and Huron Consulting Group, the rate proposals for the following fiscal years have been approved by our cognizant agency as of August 4, 2023. At this point all approvals are retroactive to the federal action.  Other UC campuses have seen a similar schedule.





FISCAL YEAR

FY 2020

FY 2021

FY 2022

FY 2023

FY 2024





As a result, it is expected that the newly approved FY2024 CBR rates will be built into any new proposal or renewals of existing awards effective immediately. (CBR Approved Rates<https://accounting.ucr.edu/payroll-coordination/benefits-and-assessments>)



Please note that CBR rates for each year were actually charged in UCPath for the past several years, but we wanted to notify everyone that we actually have federal approval on all of our CBR rates now.



If you have any questions, please contact budgetoffice at ucr.edu<mailto:budgetoffice at ucr.edu>.
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