Faculty $1000 "College" Accounts
These are general fund accounts that are set up and funded yearly by the Arts & Sciences Dean, via the A&S Budget Office
Contact person in the A&S Budget Office is Jon Bennett at 2-6165 bennetjs@colorado.edu
The name of these FOPS follows an "$XQK - Lastname" format
Who is eligible and how much do they receive?
- Rostered, tenured/tenure-track faculty- Distinguished, Full Professors, Associate Professors and Assistant Professors
- Funding is dependent on the faculty's total FTE-
- 1 FTE receives $1000
- Less than 1 FTE receives a prorated amount- ex .5 FTE receives $500 yearly
- If leaving mid year- the amount is adjusted accordingly
- NOTE: Instructors ARE NOT ELIGIBLE
How is funding to be spent?
- Intended to support faculty in their teaching and research endeavors, used at the faculty member's discretion for such things as travel, small equipment purchases, books, computers and software, etc.
- Note that these are still University funds and must meet tests of propriety of expenditures
- All positive balances in these FOPS are swept back to the College at fiscal yearend. DEFICIT BALANCES roll forward to the next fiscal year and effectively reduce the amount to spend that year.
- No other funds should be transferred or co-mingled within these FOPS
- A "Carry Forward Request" form must be submitted for review if the faculty person wants to roll forward their positive balance into the next year- see form for appropriate types of requests and limits on amounts. Balances of $100 and under can't be rolled forward.
- The Carry Forward form is available for viewing and printing on the Arts & Sciences Budget Office website: URL: www.colorado.edu/ArtsSciences/facultystaff/administration/budget/index.html
