Payroll Encumbrance Issues for Sponsored Projects
We’ve fixed a payroll encumbrance problem for grants – and you’ll soon see correct information on your financial reports.
What was the problem?
We’ve seen incorrect payroll encumbrances on some (not all) Grants SpeedTypes.
The problem occurred when new budget was added to a project. In these cases, the funding end date for the project was not properly updated, causing some payroll encumbrances to end early.
We fixed the issue this week
The FIN team has implemented a new process to address this situation.
Your financial reports will reflect this change after the next encumbrance process run. Typically, HCM runs this weekly.
Contact the HCM Call Center at 303-860-4200 extension 2, or HCM_community@cu.edu