In the Office of the CFO, we are focused on implementing programs that allow the campus to become more nimble and strategic in financial planning and analysis. A key component of the financial management strategy is the implementation of Composite Benefit Rates (CBR) as a necessary step to the decentralization of benefit budgets
Composite benefit rates are developed in order to cover the costs of fringe benefits offered by the University. The rate is determined by creating a pool of benefit costs and dividing by a salary base. The rates are negotiated with the federal government one fiscal year at a time and any over- or under-recovery is included within the pool of fringe costs in a subsequent rate proposal.