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 individual�s current salary as listed on a Board of Regent�s contract, (b) the salary proposed to be listed on the individual�s Board of Regent�s 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 Regent�s 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 Regent�s contract may receive from the University System entity at which the individual is employed any compensation over and above that listed on the individual�s Board of Regent�s 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 Regent�s Policy 711.1.
This policy becomes effective July 1, 2003.