Finance and Business Committee
July 26, 2013
10:00 a.m.
Board Room – Academic Services Building
Frankfort, Kentucky
Agenda Item Background
| To: | Board of Regents
Finance and Business Committee | Date:
July 26, 2013 |
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| From: | Ms. Anita Lockridge, Vice President for
Finance Administration | |
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| Subject: | Human Resources Update | |
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| Reason for
Consideration: | Informational | Enclosures: Yes |
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Human Resource Services has initiated and continued several significant projects for the University as described below:
Responses to the Request for Proposal for the review of the faculty and staff compensation and classification systems have been received and a representative review committee has been formed. The committee will review the responses and recommend which bidder(s) should be invited to campus for interview/discussion/questions and answer session(s).
The annual benefit renewal and open enrollment for fiscal year 2014 was completed in May for a July 1, 2013 effective date.
We continue to monitor the responsibilities and deadlines with which Kentucky State University must comply regarding the Affordable Health Care Act (ACA). The next milestone will be the mandatory issuance of a Notice to Employees of Coverage Options which must be issued to all employees no later than October 13, 2013.
Performance evaluations for the period of July 1, 2012 through June 30, 2013 are due in the Office of Human Resources by August 16, 2013.
Two payroll ghost audits are being planned to ensure that all individuals receiving a paycheck are active Kentucky State University employees. Staff will be audited during July 2013 while faculty and students will be audited during October 2013.