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<p class="MsoNormal" align="center" style="text-align:center">MEMORANDUM<o:p></o:p></p>
<p class="MsoNormal" align="center" style="text-align:center"><o:p> </o:p></p>
<p class="MsoNormal">TO: Campus Financial Staff <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">FROM: Stephanie Flores, Executive Director<o:p></o:p></p>
<p class="MsoNormal"> Financial Planning and Analysis<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">DATE: August 21, 2023<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoBodyText" style="margin-left:1.0in;text-indent:-1.0in">RE:
<span style="font-weight:normal">Fiscal Years 2020 - 2024 Federally Approved Composite Benefit Rates
</span>for all UCR Activities<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">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.
<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">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.<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>
<table class="MsoTableGrid" border="1" cellspacing="0" cellpadding="0" style="border-collapse:collapse;border:none">
<tbody>
<tr style="height:13.4pt">
<td width="124" valign="top" style="width:92.85pt;border:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.4pt">
<p class="MsoBodyText" style="text-align:justify">FISCAL YEAR<o:p></o:p></p>
</td>
</tr>
<tr style="height:12.9pt">
<td width="124" valign="top" style="width:92.85pt;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;height:12.9pt">
<p class="MsoBodyText" style="text-align:justify"><span style="font-weight:normal">FY 2020<o:p></o:p></span></p>
</td>
</tr>
<tr style="height:13.4pt">
<td width="124" valign="top" style="width:92.85pt;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;height:13.4pt">
<p class="MsoBodyText" style="text-align:justify"><span style="font-weight:normal">FY 2021<o:p></o:p></span></p>
</td>
</tr>
<tr style="height:12.9pt">
<td width="124" valign="top" style="width:92.85pt;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;height:12.9pt">
<p class="MsoBodyText" style="text-align:justify"><span style="font-weight:normal">FY 2022<o:p></o:p></span></p>
</td>
</tr>
<tr style="height:13.4pt">
<td width="124" valign="top" style="width:92.85pt;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;height:13.4pt">
<p class="MsoBodyText" style="text-align:justify"><span style="font-weight:normal">FY 2023<o:p></o:p></span></p>
</td>
</tr>
<tr style="height:13.4pt">
<td width="124" valign="top" style="width:92.85pt;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;height:13.4pt">
<p class="MsoBodyText" style="text-align:justify"><span style="font-weight:normal">FY 2024<o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
<p class="MsoBodyText" style="text-align:justify"><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">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. (</span><a href="https://accounting.ucr.edu/payroll-coordination/benefits-and-assessments">CBR
Approved Rates</a><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="text-align:justify"><span style="font-weight:normal">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.<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
</span><a href="mailto:budgetoffice@ucr.edu">budgetoffice@ucr.edu</a><span style="font-weight:normal">.
</span><u><span style="color:#0563C1"><o:p></o:p></span></u></p>
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