Academic time is that initially budgeted time released from the general fund salary commitment by virtue of charging some or all of the faculty/staff member's time to another account/accounts. (More precisely it is the release of dollars initially budgeted to pay for effort).
Whenever a person engages in work for a specific project under the control of the University which has its own distinctive funding, the salary/wages for that employee must be charged on a timely basis to the account of the activity/project benefiting from the services rendered. A timely basis means that the charges must be reported on a current basis, i.e., at the regular end of the pay period for time worked in that pay period.
Revised:
12/08/2016 - Annual Review: No changes made to content.
04/15/2015 - Annual Review: To reflect current practice, the email address for questions
is now policy@mtu.edu. No changes made to content.
03/26/2014 - Annual Review: Updated Michigan Tech and Handbook banners, no changes
made to content.
06/14/2011 - Annual Review: To reflect current University titles and practice, "Release
Time" is not "Academic Time" and the email address for questions is now hbwebmaster.