{"id":26,"date":"2022-10-05T09:06:31","date_gmt":"2022-10-05T13:06:31","guid":{"rendered":"https:\/\/www.citadel.edu\/budget\/?page_id=26"},"modified":"2026-02-12T14:07:21","modified_gmt":"2026-02-12T19:07:21","slug":"training-materials-and-other-information","status":"publish","type":"page","link":"https:\/\/www.citadel.edu\/budget\/training-materials-and-other-information\/","title":{"rendered":"Training Materials and Other Information"},"content":{"rendered":"\n

Training<\/h3>\n\n\n\n

The Budget Office is always available to answer your questions. Our aim is to provide periodic formal training for all interested parties. We encourage the attendance of Administrative Coordinators and other Banner Finance users.<\/p>\n\n\n\n

Please check out our General Budget Training<\/a><\/strong> slides (updated as of Spring 2026).<\/p>\n\n\n\n

Fringe Rates<\/strong><\/h3>\n\n\n\n

FY 2026 Fringe Rates<\/a><\/p>\n\n\n\n

When budgeting for faculty, staff, and other types of employment at The Citadel, it is important to remember the cost of fringe benefits. The fringe rate is a percentage required above the base salary or payment for services. For example, to fund a classified staff (12 month) position in FY25, you must budget for 46.07% of the base salary as an added cost. Stated differently, if you plan to recruit for a position at $35,000, you must actually budget $51,124.50 (35,000 x 1.4607). The additional $16,124.50 is reserved for the cost of employee benefits (such as health insurance and pension\/retirement).<\/p>\n\n\n\n

What if you have only have $43,000 in the budget? For the same employee classification (classified\/12 month\/46.07%), divide $43,000 by 1.4607. The quotient $29,437.94 is the maximum base salary that you can pay.<\/p>\n\n\n\n

Fringe\u00a0rates are subject to change each fiscal year. Key drivers of this include changes in insurance premiums and pension funding requirements.\u00a0For additional information about fringe rates, see the FY 2026 Fringe Rate Chart<\/a><\/em><\/strong>. Remember to always consult an HR professional regarding questions about employee classification.\u00a0\u00a0<\/p>\n\n\n\n

The Department of Financial Services Training Materials:<\/h4>\n\n\n\n

The Department of Financial Services has their own training materials available here<\/a> <\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Training The Budget Office is always available to answer your questions. Our aim is to provide periodic formal training for all interested parties. We encourage the attendance of Administrative Coordinators and other Banner Finance users. Please check out our General Budget Training slides (updated as of Spring 2026). 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