3/8/2021
Dear Members,
The FSU and Administration reached a Memorandum of Agreement on the allocation of RES Funds. This agreement only applies to the current fiscal year. Our rationale for signing a separate MOA for the current fiscal year is simple: while the current fiscal year ends on June 30, 2021, bargaining for the current contract may not be finished by that point. Since RES Funds need to be expended in the fiscal year in which they are allocated, a separate agreement would have to be reached if members are going to have access to the funds this year.