NACUBO Guidelines Require Both Revenues and Expenses for Split Summer

question 71

True/False

NACUBO guidelines require both revenues and expenses for split summer sessions to be apportioned to the two fiscal years.

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Definitions:

Replacement Charts

Listings of current jobholders and people who are potential replacements if an opening occurs

Attrition

The gradual reduction in workforce through normal means, such as retirement or voluntary resignation, without actively replacing those positions.

Contract Workers

Individuals hired to perform specific tasks or projects for a limited period under a contract, rather than being permanent employees.

Full-time Employees

Employees who work a standard work week, typically defined by the employer, and often receive benefits such as health insurance.