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Net Difference in Compensation

Net difference in compensation is generated when salaries and benefits are paid to an individual from a grant or contract and the budget does not have sufficient funds to cover the amount of the individuals’ salaries and benefits. The department will need to fill out a Faculty Personnel Transaction Form and forward to the Office of Research and Sponsored Programs (ORSP) for approval. ORSP will forward the form to Faculty Personnel Services where they will calculate the net difference in compensation and determine the funding source. A copy of the form will be forwarded to Accounting Services where the funds will be transferred from the department to the grant / contract.

When the grant accountant receives the form from Faculty Personnel Services, the accountant will need to establish the internal WBS element number if needed, and enter the budget for the net difference in compensation amount.