On Nov. 1, 2026, CU will implement an updated State of Colorado pay plan to reflect a $19.29 minimum hourly rate and will provide compression increases to certain classified employees. To ensure pay equity, minimum wage increases will also be applied to university staff.
As tax season approaches, international employees and students should verify their Sprintax Calculus profiles for accuracy. Reviewing and updating records now will help ensure compliance with 2026 tax reporting requirements.
There’s more to payroll funding than position funding. To make sense of the payroll transactions that post to the general ledger, account codes classify the kind of earnings and benefits processed by payroll and are used to post fringe rates and encumbrances.
The HCM payroll encumbrance calculation process is an important way to track projected payroll obligations—such as payroll, taxes and deductions—in the general ledger.
New international employees and stipend recipients are required to complete a Sprintax Calculus profile to submit details and documents necessary to determine their U.S. tax residency status and ensure accurate taxation of their pay.
Some faculty with nine-month academic year contracts may choose to have their pay distributed over a longer time period. Understand how these extended payouts align with fiscal year budgets and the general ledger.
