UPDATE: FY24 Budget - True Up
Colleagues,
We have received several questions about true-up. I contacted the Central Budget Office and below is the information CBO provided.
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The "true up" for both COLAs is for vacant lines. For merit, we allocated an additional amount for all units so that folks had a little more flexibility in awarding merit.
Best,
Martina Buckley, CPA CIA
Associate Provost for Financial Management and Chief of Staff
Office of the Provost
UMBC: An Honors University
Administration Building, Rm 1001B
1000 Hilltop Circle
Baltimore, Maryland 21250
Telephone: 410 455 6578
Email: mbuckley@umbc.edu
Posted: April 27, 2023, 10:40 AM