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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">MEMORANDUM<o:p></o:p></span></p>
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">TO: Campus Financial Staff
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">FROM: Stephanie Flores, Interim Associate Vice Chancellor<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"> Financial Planning and Analysis<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">DATE: January 29, 2021<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoBodyText" style="margin-left:1.0in;text-indent:-1.0in">RE:
<span style="font-weight:normal">Fiscal Year 2020-21 VACATION LEAVE ACCRUAL RATES</span><o:p></o:p></p>
<p class="MsoBodyText" style="margin-left:1.0in;text-indent:-1.0in"><u>
<o:p></o:p></u></p>
<p class="MsoBodyText" style="margin-left:.5in;text-align:justify;text-indent:-.5in">
<span style="font-weight:normal"><o:p> </o:p></span></p>
<p class="MsoBodyText" style="text-align:justify"><span style="font-weight:normal">The following assessment rates were established to cover Vacation Leave Accrual effective July 1, 2020:<o:p></o:p></span></p>
<p class="MsoBodyText" style="text-align:justify"><span style="font-weight:normal"><o:p> </o:p></span></p>
<p class="MsoBodyText" style="text-align:justify"><span style="font-weight:normal"><o:p> </o:p></span></p>
<p class="MsoBodyText" style="margin-left:.5in;text-align:justify;text-indent:-.25in;mso-list:l0 level1 lfo1">
<![if !supportLists]><span style="font-family:Symbol;font-weight:normal"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]>VLA Employee Group 2<span style="font-weight:normal"> (Accruing Staff/Non-Faculty Academic):</span> 7.00%<o:p></o:p></p>
<p class="MsoBodyText" style="margin-left:.5in;text-align:justify"><u><o:p><span style="text-decoration:none"> </span></o:p></u></p>
<p class="MsoBodyText" style="margin-left:.5in;text-align:justify;text-indent:-.25in;mso-list:l0 level1 lfo1">
<![if !supportLists]><span style="font-family:Symbol;font-weight:normal"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]>VLA Employee Group 3<span style="font-weight:normal"> (FY Faculty):</span> 5.00%<u><o:p></o:p></u></p>
<p class="MsoListParagraph"><u><o:p><span style="text-decoration:none"> </span></o:p></u></p>
<p class="MsoBodyText" style="text-align:justify"><span style="font-weight:normal"><o:p> </o:p></span></p>
<p class="MsoBodyText" style="text-align:justify"><span style="font-weight:normal">Due to changes in vacation usage related to Covid-19 and the increasing accrual balance, the following assessment rates have been established to cover Vacation Leave Accrual
effective February 1, 2021 – June 30, 2021. <o:p></o:p></span></p>
<p class="MsoBodyText" style="text-align:justify"><span style="font-weight:normal"><o:p> </o:p></span></p>
<p class="MsoBodyText" style="text-align:justify"><span style="font-weight:normal"><o:p> </o:p></span></p>
<p class="MsoBodyText" style="margin-left:.5in;text-align:justify;text-indent:-.25in;mso-list:l0 level1 lfo1">
<![if !supportLists]><span style="font-family:Symbol;font-weight:normal"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]>VLA Employee Group 2<span style="font-weight:normal"> (Accruing Staff/Non-Faculty Academic):</span> 4.00%<o:p></o:p></p>
<p class="MsoBodyText" style="margin-left:.5in;text-align:justify"><u><o:p><span style="text-decoration:none"> </span></o:p></u></p>
<p class="MsoBodyText" style="margin-left:.5in;text-align:justify;text-indent:-.25in;mso-list:l0 level1 lfo1">
<![if !supportLists]><span style="font-family:Symbol;font-weight:normal"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]>VLA Employee Group 3<span style="font-weight:normal"> (FY Faculty):</span> 3.00%<u><o:p></o:p></u></p>
<p class="MsoNormal"><u><o:p><span style="text-decoration:none"> </span></o:p></u></p>
<p class="MsoBodyText" style="text-align:justify"><span style="font-weight:normal"><o:p> </o:p></span></p>
<p class="MsoBodyText" style="text-align:justify"><span style="font-weight:normal">Charges will continue to be based on an assessment against actual payroll activity and will be reflected in account number 600200 for VLA Employee Group 2 and 400210 for VLA
Employee Group 3 in the same Activity-Fund-Function combination in which payroll activity occurred.
<o:p></o:p></span></p>
<p class="MsoBodyText" style="text-align:justify"><span style="font-weight:normal"><o:p> </o:p></span></p>
<p class="MsoBodyText"><span style="font-weight:normal">If you have any questions, please contact Financial Planning & Analysis at
</span><a href="mailto:budgetoffice@ucr.edu">budgetoffice@ucr.edu</a><span style="font-weight:normal">.
</span><span style="font-weight:normal"><o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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