Per the email communications from President Saliman and Chancellor Marks, we are pleased to share that CU Denver will be implementing salary increases beginning in January 2022. The CU Board of Regents has approved a compensation plan that includes an across-the-board 3% base-building salary increase and a one-time payment equal to 1% of an employee’s annual salary for all eligible faculty and university staff.
The 3% base-building salary increase will be applied across the board effective Jan. 1, 2022. The 1% one-time payment will be made in the January 2021 paychecks. More details regarding eligibility and parameters can be found on our FAQ page. Some additional actions we will take include:
For additional information on the January 2022 Compensation please visit the General FAQ webpage. For detailed information on the January 2022 Compensation process please reference the "Detailed FAQ document”.
The Axiom Budget System is now live for Budget and Labor Planning!
We’re very excited to reach this amazing accomplishment, one that will improve the capabilities and coordination of the entire budgeting and planning process for all University of Colorado Denver and Anschutz schools and colleges, Central Services Administration, Academic and Student Affairs and the central budget offices.
Access Axiom here: Axiom Budgeting System
**Important – Do not use the Sandbox that was provided during training! Budget information must be entered and submitted through the live environment via the link above.
We’re still here to help with any questions that may arise! We have available office hours that you can schedule with a member of the Budget Team:
March 15th – March 26th
Drop in: Tuesday and Thursday 1:00pm-1:30pm: https://ucdenver.zoom.us/j/94674023484
By appointment: Tuesday and Thursday 1:30pm-2:30pm
March 29th – April 30th
By appointment: Tuesday and Thursday 1:00pm-2:30pm
Please use the zoom link above to drop in at any time during the first two weeks after go-live. For individual appointments, please reach out to AxiomTeamDenver@ucdenver.edu to request.
You can also contact us directly:
Access the Axiom Budget System Teams site and add a post and the Budget Team will respond.
Please make sure to note the following important deadlines:
Labor Planning Due (April 30) – All labor planning data must be complete and submitted in Axiom.
Note: While the labor module is open to begin labor planning and budgeting distributions, decisions around the Compensation (Merit) Pool for FY2021-22 will not be confirmed until the April Board of Regent meeting. Official communication regarding the approved compensation pool will be forthcoming following the BOR meeting.
Operating Budget Planning Due (June 18) – All budget planning must be complete and submitted through the workflows in Axiom. Your school/college may have internal deadlines earlier than this date.
Entering Spring Semester with Cautious Optimism, Positive Outlook
Considering the immense challenges created by COVID-19, we continue to see improvements in our current year budget—tuition revenue is tracking higher than projections and expenditures have remained within budget. Because of these factors, and with the passage of the second federal stimulus package, we are able to announce that effective March 1, 2021, we will be lifting faculty and staff furloughs along with taking a more relaxed approach to the hiring chill to fill mission-critical and strategic positions (please see FAQs below for more information).
While we are able to lift faculty and staff furloughs in the current fiscal year, we must continue preparing for future budget constraints due to ongoing challenges created by COVID-19. Determining the budget for FY 2021-22 is a process that will occur over the next few months, and we will continue to evaluate our position, including enrollments, state funding, and a host of other factors that impact our resources. We will continue to move forward using a transparent process with shared decision-making responsibility and commitment to the university’s fiscal health.
Please check this webpage for the latest updates on the CU Denver Budget.
Why are we lifting furloughs on March 1, 2021?
We have outperformed budget projections in ways that inspire confidence in our outlook. Better-than-anticipated revenue from tuition, coupled with savings achieved through numerous temporary savings (including eight months of furloughs), and ongoing budget reductions, means that we have enough stability in the current year budget to lift furloughs. Still, we all know the unpredictability of COVID-19 impacts, so we must be cautiously optimistic. Despite our proactive planning, we are not immune to the economic and financial strains of the pandemic.
When will I see my previous salary restored?
Employees that are currently subject to the CU Denver Graduated Furlough Plan will have their pre-furlough salary restored in the March paycheck (issued March 31). The February paycheck (issued Feb. 26) will be the last one with a furlough reduction.
How are employees earning an annual salary under $60,000 impacted by this decision?
Classified staff cannot be mandatorily furloughed without action from the governor and/or legislature, which did not occur. Furthermore, University Staff or Faculty with annual salaries under $60,000 were not impacted by the previously announced furloughs, these categories of employees will continue to earn their regular salaries.
Will I receive backpay for the period that the furlough was in effect?
No. The shared sacrifice was necessary during this extraordinary time and enabled the university to remain on solid financial footing.
Where can I get more information on furloughs and what lifting the furloughs means to me?
Does lifting furloughs now mean we won’t have furloughs in the future?
At this time, we don’t plan to implement furloughs in Fiscal Year 2021-22, but we can’t guarantee this. CU Denver’s furlough plan demonstrates the shared sacrifices approach we took to addressing the largest financial challenge in the history of the university. While we are pleased to be lifting furloughs before the end of the year, we must be prepared to address changing financial conditions and need to have all tools at our disposal.
We will be more flexible with filling open positions but will continue to follow the mission-critical hiring process. This approach will allow units to address critical needs within existing budgets while remaining financially prudent and adhering to current processes. For more information, please see the following link: https://www.ucdenver.edu/offices/human-resources/Required-Mission-Critical-Protocol-for-temporary-hiring-Hiatus
We received more federal funds, how much did we receive and how can we use the funds?
CU Denver | Anschutz Medical Campus is projected to receive approximately $19.4 million in one-time funding – with a minimum of $5 million of these funds earmarked for student financial aid – via the most recent CARES Act signed into law in December. We are awaiting information from the U.S. Department of Education on the flexibility for use of these funds, and will keep the campus updated on any developments.
Is every University of Colorado campus making the same budget decisions?
While we are one system, each campus has unique revenue and funding models that impact their finances. We are proud of the forward-looking, proactive measures that we implemented early on in the pandemic to help ensure our viability today.
A warm welcome to Tawnya Boulier who will be joining the Budget and Fiscal Planning Office this Monday October 5th as a Business and Human Resources Senior Professional. Tawnya will be responsible
for providing business services and human resources support for the Chancellor’s Office, Administration and Finance, and all other units that report directly and indirectly.
Tawnya is a Colorado native who has been working in higher education for the past 9 years, serving CU Denver students for the last 6. She comes to us from the Financial Aid & Scholarship Office where she served as Associate Director of Scholarships & Student Development. Tawnya has her bachelor’s degree in Business Administration (CU Denver, 2010) and a master’s degree in Education and Human Resource Studies (CSU, 2017). In her free time, she enjoys going on adventures with her husband and two children.
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