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CLASP
The CLASP FileMaker database collects departmental financial data about funds released to the college through faculty leaves and separations, and funds requested for temporary faculty and AIs/ TAs. VPN must be running to access the database if off campus.
Costing allocation
The Costing Allocation assignment process is used to indicate which accounts will be used when paying a worker’s compensation. Costing allocation segments identify the source (account and distribution percent) paid from that source for a given period, per job. Costing allocations may have one or more funding sources and may have multiple costing allocation segments.
To make a costing allocation change, departments must submit the COLA Stand-Alone Costing Request to COLA Finance.
Endowment Compliance
Endowed gifts (57-accounts) are those held for long-term investment for the purpose of generating income. The gift and related earnings are restricted by donor criteria. Generally, the principal of the fund is not expendable. Upon creation of the 57-account, a 30-account is linked to the 57-account to receive investment payout. VIP compliance training is required to maintain continuing access the information.
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