Faculty may use the Transfer Value of Service (TVS) form to allow a transfer of payment to a department general operating fund by choosing to perform additional duties, such as chair or associate chair, without compensation. Faculty may not use this mechanism to transfer their primary appointment compensation or to circumvent the 3/9ths rules. The faculty member is permitted to begin work only after all documentation has been completed and filed. 

It is not appropriate to make such a transfer to an individual’s personal discretionary or research fund(s). The individual transferring funds must release full control, not be able to direct the use, or solely receive direct benefit of the funds. The individuals who have control of the departmental funds (fiscal managers or fiscal principals) have no obligation to use the funds in any way specifically instructed by or that directly benefit the individual who performed the services. 

The actual transfer of funds will take place at the end of the semester.  

Process: 

  • Unit contacts CAS Faculty Affairs (cas-faculty@colorado.edu) for the most up-to-date template for TVS appointment offer letters. 
  • Unit drafts the TVS appointment letter and sends it to CAS Faculty Affairs (cas-faculty@colorado.edu) 
  • CAS Faculty Affairs reviews and secures OFA approval for the letter (if applicable) 
  • The offer letter is routed by CAS Faculty Affairs with CC to the following via DocuSign:   
    • Unit  
    • College of Arts and Sciences Budget Office  
  • CAS Faculty Affairs downloads completed letter to Personnel File. 
  • The TVS form is routed by the Unit with CC to the following via DocuSign 
  • The faculty member is permitted to begin work only after all documentation has been completed. 
  • No entry will be made in HCM, and the offer letter should not be sent to the HRSC

 

Updated 26 January 2024