November 21 & 22, 2002
Item 117-101-R1102: ††† Proposed New Policy Regarding Disclosure and Approval of Supplemental Salaries
- When staff items concerning salary are presented to the Board the item shall show, in addition to any other information required by the Commissioner, for each individual listed thereon: (a) the individualís current salary as listed on a Board of Regentís contract, (b) the salary proposed to be listed on the individualís Board of Regentís contract, and (c) the amount of supplementary income received by the individual in the most recent fiscal year as was disclosed or will be disclosed in the report required by Section 7 of Regentís Policy 711.1.† If the amount of supplementary income in the coming year is expected to be materially different than the past year the staff item shall so indicate.
- No non-faculty employee on a Board of Regentís contract may receive from the University System entity at which the individual is employed any compensation over and above that listed on the individualís Board of Regentís contract without approval from the Board either prior to the commencement of the supplementary compensation or at the first board meeting following the commencement.† Approval of such supplementary compensation may be requested in conjunction with the disclosure of supplementary salary under paragraph 1 above if the item clearly indicates that approval of future payments is being sought.† Approval of supplementary income does not remove the responsibility to list the income in the report required by Section 7 of Regentís Policy 711.1.
This policy becomes effective July 1, 2003.