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| | Salary Cap Administration |
 | | When the salary cap is in the form of a limit in the rate of pay, the maximum salary chargeable to the award in any pay period is the capped rate divided by the number of pay periods in a year. |
 | | When a salary cap is in the form of a limit in the amount of pay, the maximum salary chargeable to the award in any pay period is the capped amount divided by the number of pay periods in a year. |
 | | Each situation involving an amount cap must be individually evaluated, taking into account the makeup of the capped amount (e.g., salary, salary plus benefits, etc.), the period to which the cap applies (e.g., payments within a specific federal fiscal year, payments within an award budget year, etc.) and other factors. |
| www.vcu.edu /finance/CostAccounting/salcap.htm (1136 words) |
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