What fringe rate should be used on General Fund budget transfers?
The fringe rate to be used on General Fund budget transfers (regardless of whether they are increasing or decreasing the General Fund amounts) should be the fringe rate that is budgeted in the General Fund. For example: In FY09 the fringe rate that was originally loaded was 45.2%. Half-way through the year the fringe rate was reduced to 43.1%. Therefore, for the first half of the year, all General Fund budget transfers that involve a fully fringed salary amount would also move 45.2% in fringes, of that salary amount. However, for the second half of the year, these types of budget transfers would move 43.1% in fringes.
