Start-Up Funding Prior to July 1, 1997
The lump sum package is intended to meet the Dean's obligation for all expenses including equipment, renovations and installations, travel, graduate, post-graduate, and staff salaries, fringe benefits, lab and office supplies and expenses, campus recharges, and summer salary for the faculty member. In any one year, up to 25% of the total funds expended from the startup balance may be expended in any permitted expense category; the other startup expenses must be for equipment in that year. Faculty members who believe they require more than 25% of their funding as non-equipment should contact their department office. This can often be accomplished by spreading expenses over time. It is expected that new faculty will use their start-up equipment funds to leverage new equipment proposals as much as possible. Faculty summer salary total expenditures will be limited in dollar amount to a maximum of 4/9ths of the initial appointment salary and must be utilized within four years, never more than 2/9ths in any one year. Other than for summer salary, there will be no time limit set for the new faculty member to expend these funds. There are certain exceptions to the 25%/75% rule on start up packages. Please check with your department chair.