Release Time is a web-based tool we offer for calculating salary redistribution when a faculty member receives release time income for research. The Release Time tool tracks and organizes accounts from which the research time is granted. Coupled with a feed from the University-level PeopleSoft system, Release Time also calculates the annual equivalent of an allocated grant—potentially saving several hours which, otherwise, would be spent calculating the figures by hand.
Since Release Time deals with sensitive information, we deploy it only under secure services for FRS tools (filesystem, web server location, and databases).
For those of you familiar with this subject matter, you might appreciate more detailed information.
The “eac” or “account” codes mentioned in ReleaseTime (1119 1118 and 1319) are expense accounts. From PeopleSoft, these account codes are prefixed with “5” (or “5-“). The prefix is not used in Release Time; however, could potentially wreak havoc if entered unwittingly. The takeaway here: Please do not enter the 5 or 5- prefix.
These expense accounts serve the following purposes:
- 1319—Salary paid to faculty for teaching
- 1119—EPA Base Salary (other non-teaching pay; typically for administrators)
- 1118—Release Time Salary
Funding from the 1319 account is the only source from which 1118 funds can originate.
To learn more about how your college might benefit from using the Release Time calculator, please contact ITECS at email@example.com.